THIS AGREEMENT is made on 2nd May 2000 BETWEEN
(1) THE SECRETARY OF STATE FOR TRADE AND INDUSTRY (the Secretary of State) for the purposes of this Agreement of 21 Bloomsbury Street, London WC1B 3SS.
(2) ADAR INTERNATIONAL INC. (Adar), a corporation incorporated under the laws of the commonwealth of Massachusetts whose principal place of business in England and Wales is c/o Shareholder Investments Research plc, Crosby Court, 38, Bishopsgate, London EC2N 4AF.
(B) The Secretary of State has agreed to supply Adar with particular information (the Information) subject to the provisions of this Agreement.
(C) Adar has agreed to use the information only in the course of its proper business, namely tracing beneficiaries, and subject to the provisions of this Agreement.
1.1.5 beneficiaries means individuals or organisations entitled to payments, as identified by the Information.