The Arbitral Tribunal has considered the following:

A The Parties, their Representatives and the Arbitrators

I The names and further details of the Parties and their representatives in these proceedings "re as named on the first: Iwo pages of this Award-

2 Likewise, the Arbitrators. their nomination and their addresses. are as shownon the first page of this Award.

3 Claimant Dr Carl A Sax, a US citizen, lawyer and entrepreneur, described himself as a developer who had created and led partnerships and corporations engaged in the development, construction, ownership, syndication and managemcnt of Income-producing properties for more than 20 years and who was, in the 1990's, the Senior Vice President and General Counsel of Atlantic Coast Airlines.