FW: ISDA

Sara, some time ago we forwarded Louisiana-Pacific (L-P) an ISDA for their
review and consideration. They have responded with the following comments.
Can you give me a hand in addressing them? John

-----Original Message-----
From: "Roger Dieringer" <Roger.Dieringer@LPCorp.com<@ENRON
[mailto:IMCEANOTES-+22Roger+20Dieringer+22+20+3CRoger+2EDieringer+40LPCorp+2Ec
om+3E+40ENRON@ENRON.com]
Sent: Wednesday, May 09, 2001 11:49 AM
To: Malowney, John
Subject: ISDA

John,

Listed below are several issues we need to have addressed prior to signing
the agreement!

1) Curt Stevens name is consistently misspelled throughout the documents.
We should also be sure that our new corporate address is used. 805 SW
Broadway, Suite 1200, Portland, Oregon 97205-3303.

2) Enron doesn't like late payments or early termination of their
agreements. Interest on amounts owing is compounded daily. John - this
needs to be changed. What other decent arrangements can be put in here. (I
thought only loan sharks compounded daily?)

3) Part 3 of the Schedule to the Master Agreement should be amended to
provide that LP may satisfy its obligation to provide updated financial
information by posting it to EDGAR or on the web. Enron now has that
ability.

4) We don't have the 1991 ISDA Definitions or the 1993 ISDA Commodity
Derivatives Definitions cited in Parts 5 and 6 of the Schedule to the Master
Agreement. I wasn't able to locate them on the web. We will need these
provide to LP.

5) The Credit Support Annex is designed to apply to ISDA Agreements subject
to New York law. Our Agreement is subject to Texas law. We may not have the
proper form.

Let me know at your convenience.

Thanks
Roger