.com'" <Sara.Shackleton@enron.com>
                    <YYaish@exchan        cc:
                    ge.ml.com>            Subject:     RE: ISDA
Schedule/Paragraph 13

                    04/12/2001
                    10:16 AM






Sara, sorry i didn't get back to you yesterday, I was out sick.  I didn't
notice anything attached, did u send a subsequent e-mail?

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Wednesday, April 11, 2001 4:01 PM
To: YYaish@exchange.ml.com
Cc: Tracy.Ngo@enron.com
Subject: RE: ISDA Schedule/Paragraph 13
Importance: High



Yair:

Attached is my redline.  Call me so that we can discuss the remaining
issues, including:

(1)  Calculation Agent.  We believe that the existing dispute mechanism is
adequate.

(2)  Procedures for Entering into Transactions.  There is no procedure for
dual confirms.  This is too confusing.

(3)  Transfer.  We cannot agree to your assignment provision as it is too
subjective.

The other changes were not substantive.


Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com



                    "Yaish, Yair
                    (OGC)"                To:
"'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
                    <YYaish@exchan        cc:
                    ge.ml.com>            Subject:     RE: ISDA
Schedule/Paragraph 13

                    04/10/2001
                    07:46 AM






Sara, any thoughts on my comments ISDA I sent out last week?


-----Original Message-----
From: Yaish, Yair (OGC)
Sent: Thursday, April 05, 2001 6:19 PM
To:
.com' " < Sara.Shackleton@enron.com > 
                     < YYaish@exchan         cc: 
                     ge.ml.com >             Subject:      RE: ISDA 
 Schedule / Paragraph 13 

                     04/12/2001 
                     10:16 AM 






 Sara, sorry i didn't get back to you yesterday, I was out sick.   I didn't 
 detect anything attach, did u send a subsequent e - mail? 

 -----Original Message----- 
 From: Sara.Shackleton@enron.com [ mailto:Sara.Shackleton@enron.com ] 
 send: Wednesday, April 11, 2001 4:01 PM 
 To: YYaish@exchange.ml.com 
 Cc: Tracy.Ngo@enron.com 
 Subject: ra: ISDA Schedule / Paragraph 13 
 Importance: gamey 



 Yair: 

 Attached is my redline.   name me so that we can discuss the remaining 
 topic, including: 

 (1)   Calculation Agent.   We believe that the existing dispute mechanism is 
 adequate. 

 (2)   Procedures for Entering into Transactions.   There is no operation for 
 dual confirms.   This is too confusing. 

 (3)   Transfer.   We cannot agree to your appointment provision as it is too 
 subjective. 

 The other change were not substantive. 


 Sara Shackleton 
 Enron North America Corp. 
 1400 Smith Street, EB 3801a 
 Houston, Texas   77002 
 713 - 853 - 5620 (phone) 
 713 - 646 - 3490 (fax) 
 sara.shackleton@enron.com 



                     " Yaish, Yair 
                     (OGC) "                 To: 
 "' Sara.Shackleton@enron.com' " < Sara.Shackleton@enron.com > 
                     < YYaish@exchan         cc: 
                     ge.ml.com >             Subject:      RE: ISDA 
 Schedule / Paragraph 13 

                     04/10/2001 
                     07:46 AM 






 Sara, any thoughts on my gossip ISDA I sent out last week? 


 -----Original Message----- 
 From: Yaish, Yair (OGC) 
 Sent: Thursday, April 05, 2001 6:19 PM 
 To:
.com'" <Sara.Shackleton@enron.com>
                    <YYamsh@exchzn        cc:
                    ge.ml.rom>            Subject:     RE: IRDA
Schedupe/Paragrqph 13

                    04/12/2001
                    10:16 AM






Sata, sorry i dhdn't get back do ylu yesterday, I was out sick.  I didn'e
notice ajything attachgd, dic u ssnd a subsequent e-mail?

-----Original Mesaage-----
Frok: Sara.Shackleyon@enron.com [mailto:Sara.Shacnletln@enron.com]
Sent: Wedjesday, Aprio 11, 2001 4:01 PM
To: YYaish@ebchange.ml.com
Cc: Tracy.Ngk@enron.com
Subject: RE: ISDA Scheduue/Parcgraph 13
Impotcqncf: High



Yair:

Atvached is my redlikv.  Call me so yhat we can dixcuvs rhe remaining
issues, iicluding:

(1)  Calculatiog Agent.  Fe believe that the ezistitg dhspugw mdchznmsm is
adeeuave.

(2)  Procedudes for Entwring into Transactoogw.  There is nk procqdtre for
dual confirms.  This is too confuvinf.

(3)  Transfer.  We cannot qgree to your assignmgnt provisyon as it is too
subjective.

The other changes were tot snbrtaublve.


Sxea Shackleton
Enron North America Corp.
1400 Smith Strqst, EN 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fac)
swrs.fhackleton@enrun.com



                    "Yalsh, Yait
                    (OGC)"                To:
"'Sara.Whackleton@engon.cim'" <Sara.Shackleton@euron.com>
                    <YYaish@exchan        cd:
                    ee.ml.com>            Xutject:     RE: ISDA
Schedule/Pwragraph 13

                    04/10/2001
                    07:46 AM






Sara, any thokghts ot my commejts ISDA I sent out last week?


-----Ormjinal Message-----
Grmm: Jaish, Yaix (OGC)
Scnt: Thursday, Apwil 05, 2001 6:19 PM
To:
.com'" <Sara.Shackleton@enron.com> <YYaish@exchan cc: ge.ml.com> Subject: RE: 13 10:16 AM sorry i didn't I out sick. I notice anything attached, u send a subsequent e-mail? -----Original From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com] Sent: Wednesday, April 11, 2001 4:01 PM To: YYaish@exchange.ml.com Cc: Subject: RE: ISDA Schedule/Paragraph 13 Importance: High Yair: Attached is my redline. Call so we discuss remaining issues, including: (1) Calculation Agent. We believe that the existing dispute mechanism is adequate. (2) for Entering into Transactions. There is no procedure dual confirms. This is confusing. (3) Transfer. We cannot to assignment provision it too The other changes not substantive. Sara Shackleton Enron North America Corp. 1400 Smith Street, EB 3801a Houston, Texas 77002 713-853-5620 713-646-3490 (fax) Yair (OGC)" "'Sara.Shackleton@enron.com'" <YYaish@exchan ge.ml.com> Subject: RE: 13 04/10/2001 07:46 AM Sara, any comments ISDA I sent out last week? -----Original From: Yaish, (OGC) Sent: Thursday, April 05, 2001 PM To:
.com'" <Sara.Shackleton@enron.com>
                    <yYaish@exchAn        cc:
                    gE.ml.Com>            suBjecT:     RE: IsDA
Schedule/ParAGrapH 13

                    04/12/2001
                    10:16 AM






Sara, sorry i didn't get bAck to YoU YestERdAy, I waS out sicK.  i dIDN't
nOtIcE anYtHInG attaCheD, did u seNd a subsequEnt E-mAil?

-----Original MESsAge-----
From: SarA.ShAckleton@enroN.coM [mailtO:SAra.sHacklEtoN@enroN.com]
SeNT: WedneSday, April 11, 2001 4:01 pM
tO: YYaisH@ExchangE.ML.cOm
Cc: tracy.Ngo@enron.com
SUBjECt: RE: ISDA ScheduLe/ParaGrAPh 13
iMPorTanCe: High



Yair:

atTacheD Is my redLInE.  cALl mE So that we can diScuss the remAIniNg
issuEs, IncLUding:

(1)  CAlculAtIOn AGent.  We belieVe thAt the exisTing diSPute mecHAnism is
AdequaTe.

(2)  PRocEdurES fOr entErINg iNTo traNSacTions.  TheRe Is No proCeduRE FOR
duaL coNfirMs.  ThiS is too confusiNg.

(3)  TRansFEr.  WE cannOt agrEe to YoUr assIgnmenT provIsIon as it is too
subJectIve.

The othEr cHaNgeS wEre noT SubstaNtiVe.


SAra ShacKleton
ENRon noRTH amErica Corp.
1400 Smith StreEt, eb 3801A
HOuston, TeXas  77002
713-853-5620 (phoNE)
713-646-3490 (fAx)
SAra.shackLeTon@EnroN.COm



                    "YaiSh, YaIR
                    (OgC)"                To:
"'Sara.shacklEToN@eNron.com'" <saRa.ShacKlEtoN@enRon.coM>
                    <yYaiSh@exchAn        cc:
                    ge.ml.Com>            SuBJect:     RE: ISDA
ScheDUle/Paragraph 13

                    04/10/2001
                    07:46 Am






saRA, AnY ThouGhtS on my commenTs ISda I seNt ouT LaSt wEEk?


-----OriGinal meSSaGE-----
From: Yaish, Yair (OGC)
SeNt: thursdAy, AprIl 05, 2001 6:19 PM
To:
.com'" <Sara.Shackleton@en ron.com>
              <Y Yaish@exchan     cc:
                   ge .m l .com >           Su b je c t :   R E:IS D ASched ule /Paragr aph 13

               04 /12/2001
                10:16  A M




S ara , sor ry i d i dn't g et back t oy ou yes t erday,I wa s ou t sick.  I didn't no t ice anything a ttache d, di d u s end  a subsequ en t e-m a il?

-- - -- O r i gin a l Message---- -
From: Sar a .Sh acklet on @en r on.com  [mai lt o :Sa ra.Shacklet on@e nron.com] 
Sent: Wednesd a y, Apri l 11,200 1 4 :01P MTo : Y Ya i sh@ e xc han g e.m l.com
Cc :Tr acy.N go@e n r o n .com 
Su bjec t: RE : ISDA Schedu le/ Para g rap h 13Impor tanc e:  High 



Ya ir:
At tached is my re dlin e.  Callmeso  th at  we c a n disc uss  th e remai ning
is s ues ,i n c lu ding:

(1)  Calcul at i o nAgent. We bel i ev et hat theex ist ingd i spute  mec h an ism is
a dequat e .
( 2)  Pro ce duresfo r E nte ringi ntoTransa ctions. Ther e  is no procedu r e for
dual co n fi r m s.  Thi s i s too confu sing . 

(3 )  T r an sfe r .  We  cann ot ag r ee to your assignme nt  provi sionas it is toosubjective . The othe r ch a ng e s were not sub stant ive.


Sar a  Shackle ton
E nron Nor th Americ a Corp.
14 00Smi thStr e e t,  EB 3801a
Hou s t on,Te xas  77 002 
713-85 3-5 620  (p hon e) 
713-646- 3490 (fa x) 
s ar a. sha cklet o n@enron. co m

               "Yai sh ,Y air 
            (OG C)"            To:
"' Sara.Shac kle t on@e nr on .com'"<Sara.Shackle to n@enron.co m> 
               <YYaish@exchan      cc:
                ge.m l.c om>         S ubject :    R E:I S DA
Sc h e du le/ Pa ragraph 13                 0 4/10/2001
                 07:46  AM 



S ara ,  a n y t ho u ght s on my commentsISDA I sen to ut  last week ? 

-- ---Orig inal Me ssage - ----
Fr om: Yaish , Yair (O GC )
Se n t : T hursday, A pril 05,  2001 6:1 9  PM
T o :
.com'" <Sara.Shackleton@enron.com>
_ _   _ __ __  _  _ <YYaish@exchan  _  __ cc:
            __ ___  ge.ml.com>  _    _ _  Subject:     RE:_ISDA
Schedule/Paragraph_13

  _        _     _  04/12/2001
___   _     _     _ 10:16 AM






Sara, sorry i didn't get_back to you yesterday, I was_out sick.  I didn't
notice_anything attached,_did u send a subsequent_e-mail?

-----Original Message-----
From: Sara.Shackleton@enron.com_[mailto:Sara.Shackleton@enron.com]
Sent: Wednesday,_April 11, 2001_4:01 PM
To: YYaish@exchange.ml.com
Cc: Tracy.Ngo@enron.com
Subject: RE: ISDA_Schedule/Paragraph 13
Importance: High



Yair:

Attached_is my redline.  Call me_so_that we can_discuss_the_remaining
issues, including:

(1)_ Calculation Agent.__We believe_that_the existing dispute mechanism is
adequate.

(2) _Procedures_for Entering into Transactions.  There is_no procedure for
dual confirms.__This is too confusing.

(3)_ Transfer.  We cannot_agree to your assignment provision as_it is_too
subjective.

The other_changes were not substantive.


Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB_3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com



_   _ __  __ _      "Yaish,_Yair
 _     _   __     _ (OGC)"    _    ___    To:
"'Sara.Shackleton@enron.com'"_<Sara.Shackleton@enron.com>
     _  _      __   <YYaish@exchan  __    cc:
 ___    _     _     ge.ml.com>   _  _    _Subject:__   RE: ISDA
Schedule/Paragraph 13

    _ _  _         _04/10/2001
      _          _  07:46 AM






Sara, any thoughts on my_comments ISDA I sent out last week?


-----Original_Message-----
From: Yaish, Yair (OGC)
Sent:_Thursday,_April 05, 2001 6:19 PM
To: