BuySideDirect Subscriber Agreement

----- Forwarded by Sara Shackleton/HOU/ECT on 08/04/2000 03:04 PM -----

Madhur Dayal
07/17/2000 12:29 PM

To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: BuySideDirect Subscriber Agreement

Sara,

here is online (web based) convertible trading site hat I could use - kindof
like an online broker where they match up buyers and sellers. I take it that
before we enter to any agreement with them you need to approve it all.

I have not looked at this document yet, so please feel free to make any
comments you may have.

Madhur

---------------------- Forwarded by Madhur Dayal/HOU/ECT on 07/17/2000 01:13
PM ---------------------------

"Lisa O'Connor" <lisa@imarkets.com< on 06/29/2000 01:49:50 PM
To: "Madhur Dayal" <madhur.dayal@enron.com<
cc:
Subject: BuySideDirect Subscriber Agreement

Dear Madhur,

It was a pleasure to speak to you this afternoon. Enclosed are the
subscriber agreements that I mentioned. Please let me know if you have any
questions about our system or our documentation. Thanks and I look forward
to hearing from you.

Regards,

Lisa O'Connor

Lisa Mears O'Connor, CFA
BuySide Direct LLC
a subsidiary of Intelligent Markets, Inc.
415-369-5020 Phone
415-369-5021 Fax

- Agreement Dated April 7 2000.doc
- Application Dated April 7 2000.doc