SCHEDULE 4INTERNATIONAL SEABED AUTHORITY

The Enterprise

5

Paragraphs 2 to 4 shall not apply to the Enterprise.

6

Except to the extent that the Enterprise has waived such immunity, the Enterprise shall have immunity from suit and legal process–

a

where the Enterprise has no office in the United Kingdom, has not appointed any agent in the United Kingdom for the purpose of accepting service or notice of process, has not entered into a contract for goods or services in the United Kingdom, has not issued securities in the United Kingdom and has not otherwise engaged in commercial activity in the United Kingdom;

b

in respect of all forms of seizure, attachment or execution before the delivery of final judgment against the Enterprise; and

c

in respect of the requisition, confiscation, expropriation or any other form of seizure of property or assets of the Enterprise wherever located and by whomsoever held.