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FYI
----- Forwarded by Tana Jones/HOU/ECT on 11/27/2000 03:37 PM ----- Richard Sage 11/24/2000 06:20 AM To: Michael Slade/LON/ECT@ECT cc: Tana Jones/HOU/ECT@ECT, Gillian Johnson/NA/Enron@Enron Subject: Re: EnronCredit.com Houston signatory Tax advise that this would create a permanent establishment for tax purposes, thus drawing EnronCredit.com Ltd into a US tax net. NOT a good idea! (It would be OK if Jeff lived in the UK!) The solution is to set up a dedicated US entity, which we are working on. Michael Slade 24/11/2000 11:33 To: Richard Sage/LON/ECT@ECT cc: Sue Kelly/LON/ECT@ECT, Cindy Buckley/LON/ECT@ECT Subject: Re: EnronCredit.com Houston signatory Richard Sue informs me that you don't want this to happen - please could you let Tana and Gillian Johnson know and explain why? Many thanks Michael ---------------------- Forwarded by Michael Slade/LON/ECT on 24/11/2000 11:36 --------------------------- Michael Slade 25/10/2000 16:53 To: Tana Jones/HOU/ECT@ECT cc: Gillian Johnson/NA/Enron@Enron, Mark Taylor/HOU/ECT@ECT, Cindy Buckley/LON/ECT@ECT Subject: Re: EnronCredit.com Houston signatory Thanks Tana - Cindy please could you put a Power of Attorney in place for Jeff Kinneman to sign, say confidentiality agreements and letters of intent (for now) on behalf of EnronCredit.com Limited? Please let me know if you need more details. Many thanks Michael From: Tana Jones on 25/10/2000 10:52 CDT To: Michael Slade/LON/ECT@ECT cc: Gillian Johnson/NA/Enron@Enron, Mark Taylor/HOU/ECT@ECT Subject: EnronCredit.com Houston signatory Gillian spoke to Jeff Kinneman and he would like to get whatever documentation would be required to permit him to execute documents here in Houston on a going forward basis for Credit.com. We don't know what it will take to do this, but it really isn't practical for us to get Jim Derrick or Mark Frevert to sign.
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