Re: Formosa/Neumin guaranty amendment

If the guaranty is capped at $15million and payment demands are made by HPL
and ENA that exceed the cap, full payment cannot be made. Should the
payments be allocated proportionately or according to receipt of demand, or
do we care? I hope this helps. SS

To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Re: Formosa/Neumin guaranty amendment

I'm not sure what this means.

Sara Shackleton
11/05/99 03:37 PM
To: Rod Nelson/HOU/ECT@ECT
cc:
Subject: Formosa/Neumin guaranty amendment

Susan B. should have gotten our draft of the referenced guaranty to you. It
still needs to be reviewed by the physical gas group since we are amending
their guaranty. Do you care about any allocation of payments between HPL and
ENA? At the moment, I do not have any allocation language in the guaranty.
SS