dum Order will formally confirm that advice and briefly state the reasons therefor. By a writing dated June 18, 1993 (the "Construction Agreement"), Lurssen contracted with one Jeffrey Epstein to construct a luxury yacht for a corporation to be later designated (which turned out to be LAW). Section 23 of

preserve that right by proposing an arbitrator before the 60-day deadline. In response. LAW commenced this action. Quite aside from the inequity of Lurssen's position, it has no basis in law. Specifically, under New York law (which governs the contract here in issue), 0. 01Wconditions precedent to other

hus far to designate an arbitrator. Shortly after taking delivery of the yacht. LAW notified Lassen of alleged defects in the delivered product; but Lurssen rejected these claims. On March 25. 1998. LAW proposed arbitration of these disputes. By letter dated March 30, 1998 Lurssen responded by proposing

uesting in ormation i received your brochure and would like to obtain pricing on the following yachts: a) OKTO - 217 ft ISA b) PHOENIX 2 - 295 ft Lurssen c) AUDACIA - 159 ft Feadship EFTA_R1_00025436 EFTA01738223 please call me with any questions thank you Richard Kahn I-IBRK Associates Inc. E