NIG Prospectus - London Stock Exchange

Level: 8 – From: 8 – Thursday, August 9, 2007 – 2:19 pm – mac5 – 3776 Section 06 : 3776 Section 06The AdministratorWalkers SPV Limited will also act as the corporate administrator of the Issuer (in such capacity,the Corporate Administrator). The office of the Corporate Administrator will serve as the generalbusiness office of the Issuer. Through the office, and pursuant to the terms of a corporate servicesagreement to be entered into between the Issuer and the Corporate Administrator (the CorporateServices Agreement), the Corporate Administrator will perform in the Cayman Islands variousadministrative functions on behalf of the Issuer, including communications with shareholders andthe general public, and the provision of certain clerical, administrative and other services untiltermination of the Corporate Services Agreement. In consideration of the foregoing, the CorporateAdministrator will receive various fees payable by the Issuer at rates agreed upon from time totime, plus expenses. The terms of the Corporate Services Agreement provide that the Issuer mayterminate the appointment of the Corporate Administrator by giving one month’s notice to theCorporate Administrator and terminate without notice upon the happening of any certain statedevents, including any breach by the Corporate Administrator of its obligations under the CorporateServices Agreement. In addition, the Corporate Services Agreement provides that the CorporateAdministrator shall be entitled to retire from its appointment by giving at least one month’s noticein writing provided that a replacement acceptable to the Issuer has been appointed.The Corporate Administrator will be subject to the overview of the Issuer’s Board of Directors. TheCorporate Services Agreement may be terminated (other than as stated above) by either theIssuer or the Corporate Administrator giving the other party at least three months’ written notice.The Corporate Administrator’s principal office is 87 Mary Street, George Town, Grand Cayman,KY1-9002, Cayman Islands.The Directors of the Issuer are all employees or officers of the Corporate Administrator. The Issuerhas no employees and is not expected to have any employees in the future.58