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Enron Mail |
John,
I've been holding Babiuk off. But this is starting to sound like vintage Ballentine, and I have some doubt that he has any real deal in store. Can we sell him an option for $50,000, to accept this deal by execution of our document and payment of the consideration by November 15, 2001? It would show that he's, at least, serious. Or we could break off discussions with him all together and start up with El Paso. What do you think? Dan -----Original Message----- From: Millar, John Sent: Wednesday, October 31, 2001 4:51 PM To: McCarty, Danny Cc: Armstrong, Julie Subject: RE: Alligator Alley Stock Sale Agreement Hey Dan, Ballentine tells me now that he is renegotiating some terms of his deal with his client. Our Stock Sale agreement is acceptable to both parties but won't be signed now until John can work out his other deal. We are postponing signing the agreement until Monday, November 12. Any more word from Mr. Babiuk? John Julie - please reschedule my time with Danny to Friday 11/9. Thanks. -----Original Message----- From: McCarty, Danny Sent: Thursday, October 25, 2001 9:33 AM To: Millar, John Subject: RE: Alligator Alley Stock Sale Agreement John, Stan Babiuk of El Paso called again to express their interest in buying Sunniland. How sure are you that this deal will happen? Dan -----Original Message----- From: Millar, John Sent: Friday, October 19, 2001 10:55 AM To: McCarty, Danny Cc: Gadd, Eric Subject: Alligator Alley Stock Sale Agreement << File: PSA v7 10-17.doc << Danny, Julie has me on your schedule Monday 10/22 at 1:30pm to sign the attached agreement. I will bring you two copies with legal sign off and with Ballentine's signature. Here are the terms: All shares of Enron Alligator Alley Pipeline Company will be sold to ID3Energy Company, which is Ballentine's company Price is $1,000,000 ID3 puts up $50,000 earnest money ID3 takes assets as-is, where-is ID3 will complete, at their expense, the environmental remediation work plan within twelve months Enron has right to match any bona fide offer to construct liquid or gas pipelines in the right-of-way for a twelve month period Enron will negotiate an operating agreement to provide ID3 with field services for no longer than six months Close in 90 days We would like to have this executed on Monday 10/22. If you don't think that's possible, please advise and Julie can reschedule. Thanks, John
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