Re: Ledford and Fehr (Illinois Options)

Kathleen,

Please proceed as outlined.

Kay

From: Kathleen Carnahan 10/10/2000 03:09 PM

To: Kay Mann/Corp/Enron@Enron
cc: Fred Mitro/HOU/ECT@ECT

Subject: Re: Ledford and Fehr (Illinois Options)

Kay,

Per Karen Way, October 2 is the effective date of the Agreements. No
Memorandum was prepared (but Karen would be happy to prepare one for us). I
know it is Bart's practice to execute and file Memorandum's for third party
notice and I personally think it is a good idea. If you would like, we could
prepare 2 Memorandums from Forms of Memorandums we typically use and send to
Karen for approval of the form of Memorandum for use in Illinois and to get
signed for us.

Please advise.

Kathleen

To: Kathleen Carnahan/NA/Enron@Enron
cc: Fred Mitro/HOU/ECT@ECT

Subject: Re: Ledford and Fehr (Illinois Options)

Kathleen,

Please call Karen Way at Piper Rudnick and follow up on the points you
raised. October 2 sounds good to me for an effective date, but you might as
well check with Karen to see if there is a reason she didn't date it.

Good job.

Thanks,

Kay

From: Kathleen Carnahan 10/10/2000 12:31 PM

To: Kay Mann/Corp/Enron@Enron
cc: Fred Mitro/HOU/ECT@ECT

Subject: Ledford and Fehr (Illinois Options)

Kay,

When the Ledford's and Fehr's signed the Option Agreements, they did not date
on the signature page however, October 2, 2000 was inserted on page 1 (the
Cover Sheet). Can I insert October 2, 2000 as the effective date on the
signatue pages?

Also, Paragraph 15 of the Option Agreements refers to a Memorandum to be
executed and recorded in the office of Recorder of Deeds. Do you know where
these documents are? It may be that outside counsel has them and will record
them. If not, I guess we should follow up?

Kathleen