Problem: BODY: Mark: Thanks so much for your explanation earlier today. Just one more question, please: is arbitration or litigation the preferance under English law? How often do you negotiate to the contrary? Thanks. Sara
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A: SUBJECT: ISDA Agreements governed by English law

Problem: BODY: Justin: Do you know whether we have acquired any companies with CFTC registrations of any kind (e.g. Commodity Trading Advisor or Futures Commission Merchant)? I was wondering who was responsible for compliance matters if we have. I hope you're well and all my best to Fran. Mark
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A: SUBJECT: MG

Problem: BODY: One change to the drafts I just forwarded. The second sentence of the Purchase Price section in the Term Sheet will be deleted. The purchase price will be all cash and no note will be executed.
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A:
SUBJECT: Project 20/20