Hartford Underwriting Agency Limited

THE OUTSTANDING BALANCE FROM TIME TO TIM E REMAINING UNPAID OF THE COMPANY'S APPL ICABLE PROPORTION OF THE AGGREGATE MANAG ING AGENTS' CONTRIBUTION TOGETHER WITH A NY INTEREST THEREON PAYABLE PURSUANT TO A DIRECTION GIVEN ON 17TH JULY 1996 (AS AMENDED ON 25TH JULY 1996) BY THE COUNCI L OF LLOYD'S

ALL THE UNDERWRITING OBLIGATIONS OF MILL ENNIUM UNDERWRITING LIMITED AS AN UNDERW RITING MEMBER OF THE SOCIETY (LLOYD'S) A T ANY TIME BEFORE THE TERMINATION DATE ( BEING THE 80TH ANNIVERSARY OF THE DATE O F THE TRUST DEED) INCLUDING OBLIGATIONS TO LLOYD'S AND THE TRUSTEES (AS DEFINED) AND OBLIGATIONS ARISING UNDER THE BYE L AWS REGULATIONS,RULES DIRECTIONS OR OTHE R REQUIREMENTS OF THE SOCIETY,ANY DEED C ONTRACT INSTRUMENT OR ARISING IN RESPECT OF ANY LETTER OF CREDIT,GUARANTEE OR OT HER SECURITY GIVEN TO SECURE THE PERFORM ANCE OF ANY OF THE SAID UNDERWRITING OBL IGATIONS IN FAVOUR OF THE PERSON GIVING SUCH GUARANTEE OR OTHER SECURITY