RE: Rev option form

-----Original Message-----
From: Mann, Kay
Sent: Friday, May 18, 2001 5:30 PM
To: Manis, Herman; Bills, Lisa; Engeldorf, Roseann; Sole, Carlos; White, Ann
Elizabeth; Jacoby, Ben; Carnahan, Kathleen; Krause, Greg
Subject: Rev option form

I have revised the option form consistent (except where noted) with comments
sent by Herman and Lisa, and have attached a redline version. Herman, I
dealt with your comment regarding the defn of Optionee by tinkering a little
with the 1st paragraph. I also construed your comment regarding Enron's
right to terminate the option to NOT preclude termination if our counterparty
is in default. Please confirm that this is acceptable. [Mark Hall] That
should be ok.

Lisa, I did not change the notice info since the first entity will the the
project co, with ENA Legal receiving a copy.

<< File: FORM - Option to Purchase Real Estate (May 18).doc <<

Please advise if you have any comments.

Kay