Enron Mail

From:sara.shackleton@enron.com
To:sharon.lewis@lovells.com
Subject:ISDA Master Agreement between Enron North America Corp. and
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Date:Mon, 11 Sep 2000 06:21:00 -0700 (PDT)

Cc: stephanie.panus@enron.com, michael.khajeh-noori@enron.com
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Sharon: Thanks for your fax and markup of the Schedule dated Sept. 6. There
is a major issue which we need to discuss and that is the counterparty
identity itself. It appears that you have identified a DIFFERENT party to
the agreement, namely, a limited liability company named "SITA", which is not
the entity which we originally proposed,. This does not appear to be the
credit which we evaluated.

Also, we insist upon a Credit Support Annex. As you know, the agreement
contemplates multiple transactions and the posting of collateral is a major
issue, particularly for long-dated pulp deals.

Can you call me tomorrow? We need to address the major issues upfront. You
can reach me at 713-853-5620. Thank you. Sara