Enron Mail

From:kay.mann@enron.com
To:ben.jacoby@enron.com, fred.mitro@enron.com, rusty.stevens@enron.com
Subject:Option Agreement
Cc:
Bcc:
Date:Thu, 8 Jun 2000 06:08:00 -0700 (PDT)

Here's the latest version. It looks ok to me. The most substantive aspect
of it is that Calumet Power (or its affiliate) could end up the indemnity
obligations under the agreement. (in other words, an entity without a lot of
money to fund indemnity obligations) In my opinion this isn't important in
the context of the option.

Unless someone objects, I'll tell PERC that Enron is ready to go with the
assignment.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/08/2000 02:02
PM ---------------------------


cindy_wasik@chicago.kirkland.com on 06/08/2000 01:59:02 PM
To: vhedge@winston.com, J.nassos@pecorp.com, j.burns@pecorp.com,
dtauke@winston.com, Kay.mann@enron.com
cc:

Subject: Option Agreement




Attached please find revised blacklined versions of the Assignment of Option
Agreement and Notice of Exercise of Option, incorporating changes from various
parties.

Please contact me with any questions regarding the enclosed.

Greg Spitzer
312-861-2115


(See attached file: EXERCISE OPTION-RED2.WPD)(See attached file: ASSIGNMENT OF
OPTION-RED2.WPD)

******************************************************************************
The information contained in this communication is confidential, may
be attorney-client privileged, may constitute inside information, and is
intended only for the use of the addressee. It is the property of
Kirkland & Ellis. Unauthorized use, disclosure or copying of this
communication or any part thereof is strictly prohibited and may be
unlawful. If you have received this communication in error, please
notify us immediately by return e-mail or by e-mail to
postmaster@kirkland.com, and destroy this communication and all
copies thereof, including all attachments.
******************************************************************************

- EXERCISE OPTION-RED2.WPD
- ASSIGNMENT OF OPTION-RED2.WPD