CONFIDENTIAL
FM D T 1 231956Z NOV 78
TOMMEDIATE BTC HONG KONG
TELEGRAM NUMBER INDUS 302 OF 23 NOVEMBER INFO IMMEDIATE (FOR HAVELOCK) SINGAPORE.
FOR MARCH FROM VINCENT
UNITS 3 AND 4
LETTER OF INTENT
НКК
164/1
311
HKK 164/K GR. SIM Typin
RECEIVED..
DEC INDEX/
27 NOV 1978
# RY
en
No
그런
MY INDUS 301 OF 22 NOVEMBER.
310
1. I HAVE TODAY CLEARED FINAL TEXTS OF LIPPITY'S LETTER AND LOT WITH TAYLOR OF DURRANT PIESSE.
2. THERE IS ONE FINAL AMENDMENT TO LOI AS FOLLOWS. INSERT NEW CLAUSE 8 (EIGHT)
BEGINS:
QUOTE THIS LETTER DOES NOT CONSTITUTE AN ACCEPTANCE
OF OFFER UNDER CLAUSE 3(1) OF THE
CONTRACT OR A NOTICE EXERCISING THE OPTION UNDER CLAUSE 3(11)
OF THE CONTRACT UNQUOTE.
ENDS.
THE EXISTING CLAUSE 8 BECOMES CLAUSE 9.
3. ECGD CONFIRM THAT 31ST MARCH IN PARA 7
OF DRAFT LOI IS TO BECOME 26TH MARCH ON FIRST APPEARANCE
AND 1ST MARCH ON SECOND.
4. SUBJECT TO THE ABOVE, TEXT OF BOTH LETTERS
IS AS GIVEN IN YOUR INDUS 190 AS MODIFIED BY YOUR INDUS 202 AND 203.
NT
5. TAYLOR HAS NOW ADVISED KESCO TO DRAW UP
THE LOI WHICH IS TO BE SIGNED BY KADOORIE
307
309
AND BROUGHT TO TAYLOR BY KESCO'S COURIER TO ARRIVE EARLY NEXT WEEK. TAYLOR WILL THEN OBTAIN GEC'S APPROVAL TO LOI AND WILL DATE AND HAND OVER THE LOI IN LONDON IN EXCHANGE FOR LIPPITT'S LETTER. COPIES OF BOTH LETTERS WILL FOLLOW TO YOU BY BAG.
6. THE AMENDMENT IN PARA 2 ABOVE AND THE REVISED ARRANGEMENTS FOR EXCHANGING THE LETTERS HAVE BEEN APPROVED BY LIPPITT, BENJAMIN BIRCH (ECGD), ROBERTS (LAZARDS) AND BY GEC.
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