The obligations of the buyer included under Article 6 of the master contract are also valid under German law with the exception of the obligations based on US law and consequently the inclusion of the provisions of Article 6 of the master contract is also advisable in a share purchase agreement under German law.

For further information please contact Dr Erich Michel, Wessing Berenberg-Gossler Zimmermann Lange, Freiherr-Vom-Stein-Strasse 24-26, Frankfurt am Maim 60323, Frankfurt, Germany- Tel: +496 997 1300, Fax: +496 997 130100.

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