Master Agreement

Stephanie: Please see me so that we can finalize. Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 12/04/2000 08:15 AM -----

"Weiss, Richard" <rweiss@lehman.COM<
12/01/2000 12:47 PM

To: "'sara.shackleton@enron.com'" <sara.shackleton@enron.com<, "Rosica,
Paul" <prosica@lehman.com<
cc:
Subject: Master Agreement

Sara:

All of your comments in regard to the guarantee are fine. I am enclosing a
copy of the legal opinion that we will provide.

<<LBF-Opinion5.doc<<

Please forward an execution copy of the master agreement. We are ready to
sign.

regards,
Richard

- LBF-Opinion5.doc