empire paper

Mary: This is a paper and pulp master with some "different" provisions. I
asked Susan to let you handle. The business person is Chris Croom (X31899).
There is no "formal" credit worksheet but Tanya verified that the CP is an
ESP. Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 08/28/2000 06:43 PM -----

Jane Wilhite@ENRON
08/28/2000 06:26 PM

To: Sara Shackleton/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT
cc: Tanya Rohauer/HOU/ECT@ECT
Subject: empire paper

Sara and Susan,

Could you please add the following additional events of default to the Empire
ISDA:

EBITDA/Interest <5x
No additional debt greater than $5MM

If you have any questions or would like to discuss please feel free to call.

Thank you,

Jane Wilhite
ext. 35063