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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Susan Flynn X-To: Sara Shackleton X-cc: X-bcc: X-Folder: \Sara_Shackleton_Dec2000_June2001_1\Notes Folders\Notes inbox X-Origin: SHACKLETON-S X-FileName: sshackle.nsf FYI Susan D. Flynn Enron North America Corp. 1400 Smith Street, EB3806 Houston, Texas 77002 Phone: 713-853-0975 Fax: 713-646-3490 ----- Forwarded by Susan Flynn/HOU/ECT on 06/29/2000 02:33 PM ----- "Daniel A Harris" <dharris@shearman.com< 06/29/2000 02:17 PM To: Susan.Flynn@enron.com, Jason.Peters@enron.com cc: Steve.Waldman@tudor.com Subject: Re: ISDA Master Agreement between ENA and The Ospraie Portfolio Ltd. Susan: That's right, the ISDAs will be substantially similar, although there will be some fund-specific differences, such as the Cross Default Threshold Amount. I will go ahead with Maples and "cc" Jason Peters. Thanks. Kind regards. Daniel Harris "Susan Flynn" <Susan.Flynn@enron.com< on 29/06/2000 15:49:34 To: Daniel A Harris/LN/EU/ShS@ShSDOMAIN cc: "Jason Peters" <Jason.Peters@enron.com<, "Sara Shackleton" <Sara.Shackleton@enron.com<, "Per Sekse" <Per.Sekse@enron.com<, "Rod Nelson" <Rod.Nelson@enron.com< Subject: ISDA Master Agreement between ENA and The Ospraie Portfolio Ltd. Our Credit Department has approved Enron North America Corp. ("ENA") entering into ISDA Master Agreement with the following Tudor entities: The Ospraie Portfolio Ltd. (which you have told us is a Cayman Island company) Tudor BVI Global Portfolio Ltd. (which you have told us is a Cayman Island company) Tudor Proprietary Trading, L.L.C. (which you have told us is a Delaware limited liability company) It is our understanding that once we finalize the negotiation of the form of the ISDA Master Agreement for The Ospraie Portfolio Ltd., we will use substantially the same form to prepare ISDA Master Agreements for Tudor BVI Global Portfolio Ltd. and Tudor Proprietary Trading, L.L.C. Therefore, we are authorizing you to retain Cayman Island Counsel (we believe you are going to use the Maples Calder law firm) to prepare one legal opinion covering the ISDA Master Agreements between ENA and each of Tudor BVI Global Portfolio Ltd. and The Ospraie Portfolio Ltd. If our understanding of these matters is incorrect, please immediately contact Jason Peters at (713) 853-9720. Susan D. Flynn Enron North America Corp. 1400 Smith Street, EB3806 Houston, Texas 77002 Phone: 713-853-0975 Fax: 713-646-3490
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