SITA

Please put attached in the SITA file. The ISDA parties are ENA and SITA.
Michael Khajeh-No in the London office will be negotiating this agreement
with SITA on behalf of ENA.
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 05/05/2000
12:27 PM ---------------------------

Michael Khajeh-Noori
05/05/2000 10:54 AM
To: Sara Shackleton/HOU/ECT@ECT
cc: Edmund Cooper/LON/ECT@ECT, Mark Elliott/LON/ECT@ECT, Deepak
Sitlani/LON/ECT@ECT
Subject: SITA

Sara

In advance of your calling me later this afternoon, I set out below some
thoughts the issues to be discussed:

1. Jurisdiction - under the English law Annex the preferable route is
recourse to the courts - I can confirm that this is Enron London's policy.

2, Non-reliance: From our telephone conversation yesterday, I understood
that you said that the CP would be relying on us. I believe that this should
not be the case and the usual non-reliance provisions should apply. If this
is not the case, then

3. the additional para. (h) that you faxed me earlier today, I am informed,
is unnecessary. I also understand that the practical effect of those
provisions might be to scare the CP.

Please call me so that we can discuss any of the above and/or to confirm that
you are happy for the documents to go out to the CP.

Thanks
Michael