Point One: The Government of the Marshall Islands would undertake the obligation not to permit or tolerate that its territory, territorial waters or airspace be used or be made available for use by any third country for military purposes, without the express consent of the Government of the United States. Point Two: The Government of the United States would undertake to guarantee the terri-~ torial integrity of the Marshall Islands, and guarantee that the territory, territorial waters or airspace of the Marshall Islands shall net be used by third countries, for military purposes, without the express consent of the Government of the Marshall Islands. Point Three: The contemplated authorization of specified levels of economic assistance set forth in sections 211(a)(2), 213 and 217 of the initialled Compact of Free Association, dated January 14, 1980, ot will be backed up by explicit statutory language committing the full faith and credit of the Government of the United States, including the full panoply of rights to the judicial enforcement thereof. Point Four: The explicit penalty for altering the political status from free association to independence would be eliminated from the initialled Compact of Free Association, by substituting the number "100" for the number "SO" in section 453(b) so that levels of economic assistance specified in the initialled Compact would continue without diminution in the event the Marshall Islands should exercise its right of unilateral termination of the political status of free association and choose a political status of independence. Federal programs would not continue under such an eventuality. It was understood that the obligations contained in Points One and Two should have no time limitation. 3. The present memorandum contains a preliminary discussion of the validity and legal effects of Points One and (infra, Section II) and a proposal uy Two under international law