Re: Land Option

I got the same response from Mike and Ken. Doesn't sound good.

"Nancy Wodka" <nwodka@bracepatt.com< on 07/24/2000 07:59:27 PM
To: <Kay.Mann@enron.com<
cc:

Subject: Re: Land Option

Kay--this is not a good evening for computers. When I tried to print the
option agreement, it came through as gibberish. Could you try sending the
doc again? Thanks.

<<< <Kay.Mann@enron.com< 07/24/00 07:41PM <<<
Gentlemen,

Due to some internal comments we have made some revisions to the land
option agreement. The most significant change is that it is clear that the
option payment is not refundable, and will not be applied against the
purchase price. There is also a clarification in paragraph 9 (re
assignment) that the assignee remains responsible for any liability arising
prior to assignment.

I believe we are ready to go forward with signature when you are. Please
advise if this version is acceptable. Also, please let me know if you
would like for me to have a redline version prepared.

Kay

(See attached file: landoptionjuly24.doc)