Re: Sita documentation

Sara,

I spoke to Susan Hopkinson at SITA. I proposed an alternative to her
suggested language in the guarantee that dealt with indemnification and she
appeared to take it positively. She stated that she would get back to me very
shortly. My concern was not with the concept of ENE being a primary obligor
and not simply a surety, but with the whole notion of ENE indemnifying SITA
for any and all kinds of losses should the guaranty become void,
unenforceable, etc. I'll keep you updated.

Clem

Sara Shackleton@ECT
12/04/2000 08:17 AM

To: Tom Bruce-Jones/LON/ECT@ECT
cc: Clement Abrams/Corp/Enron@ENRON
Subject: Re: Sita documentation

Tom:

SITA may be anxious but their lawyers raised a few new issues that we are
responding to. Also, we have not finalized the Enron Corp. guaranty. Sara

Tom Bruce-Jones
12/04/2000 05:06 AM

To: Sara Shackleton/HOU/ECT@ECT
cc: Tanya Rohauer/HOU/ECT@ECT, Lee Munden/LON/ECT@ECT, Matthew
Dawson/LON/ECT@ECT
Subject: Sita documentation

Sara

Further to our recent telcon and mails re the above CP, pls can you advise
the status of the documentation, and when the CP can reasonably expect to
receive them. They are anxious to sign the docs and to commence transacting
at the earliest opportunity.

Any update would be much appreciated so that I can advise the client.

Best regards
Tom