Revised option agreement

Hi there.
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/23/2001 12:39
PM ---------------------------

Enron North America Corp.

From: Kay Mann 07/27/2000 01:15 PM

To: mscolo@poynerspruill.com, kraber@electricities.org
cc: Heather Kroll/HOU/ECT@ECT, Ozzie Pagan/HOU/ECT@ECT, Jeffrey
Keenan/HOU/ECT@ECT

Subject: Revised option agreement

Gentlemen,

I have made the revisions to paragraphs 16 and 22 as suggested. I have also
changed the state designation of the Tarheel notary to Texas.

If this version is acceptable, we will execute originals and forward to you.
Do you need more than one original for the optionor?

Thank you,

Kay