Enron Mail

From:sara.shackleton@enron.com
To:ameytina@bear.com
Subject:Schedule "B" to Securities Loan Agreement
Cc:
Bcc:
Date:Tue, 20 Feb 2001 02:01:00 -0800 (PST)

Anna:

I propose the following for Schedule B:

"The fourth sentence of Paragraph 10 of the Securities Loan Agreement is
amended to read as follows:

In the event that (i) the purchase price of Replacement Securities (plus all
other amounts, if any, due to Lender hereunder) exceeds (ii) the amount of
the Collateral, Borrower shall be liable to Lender for the amount of such
excess together with interest thereon at a rate equal to the rate per annum
equal to the cost (without proof or evidence of any actual cost) to the
Lender (as certified by it) if it were to fund or of funding the relevant
amount plus 1% per annum, as such rate fluctuates from day to day, from the
date of such purchase until the date of payment of such excess."

Clement Abrams is on vacation this week. I'll call soon.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas 77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com