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Enron Mail |
I spoke to Karen Way at Piper-Marbury-Rudnick&Wolfe and we decided that the
best way to handle the document flow is for you to send the docs. electronically to Karen and she will Fed-X out the originals for execution to their attorney - Ed Legner. Karen has dealt with Legner recently on Green, so she should be able to push him to move the ball so we can get this done quickly. We can also include a marked as draft hard copy for markups if he has a lot of changes. Since he just reviewed the Green doc. very recently, it should be fine as is since we are only changing the following: We want to limit the means by which we are able to get the option premium back to their not being able to convey the tract. They have an imbedded "put" option on the house if we begin to build and haven't exercised our call. The commercial terms are $4000 for 18 months, and an 18 month extension for another $4000, Exercise price is $185,000. Karen will get together a legal description that will suffice for purposes of this document. Our goal is to get this inked in the next 5-10 days.
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