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Enron Mail |
I think it would be helpful if we met sometime soon to "take inventory" as to
our legal entity structures (thus far) for the Enron Net Works "family". There has been a fair amount of entity formation (and, perhaps, commercial activity) and I want to make sure the all entities and assets are where they are suppose to be. To that end, please contact my assistant, Darlene Forsyth (x3754) as to your availability over the next week so we may take an hour or so to compare notes. Thanks. Jordan ---------------------- Forwarded by Jordan Mintz/HOU/ECT on 07/18/2000 03:04 PM --------------------------- Nora Dobin@ENRON 07/18/2000 10:56 AM To: Jordan Mintz/HOU/ECT@ECT, Michael K Patrick/NA/Enron@Enron cc: Harry Arora/HOU/ECT@ECT, Bill Brown/NA/Enron@ENRON, Brenda L Funk/HOU/ECT@ECT Subject: DealBench As most of us have discussed, Harry Arora's group has been developing an e-commerce site now known as DealBench.com (formerly EnronDirectFinance). This site is being launched as an information dissemination/deal platform whose closest competitor is Intralinks. DealBench's customers will be banks, law firms, and other businesses who desire a secure internet platform to conduct business transactions online. Customers will license use of the site pursuant to written agreements. Several trademark applications have been filed by Enron Corp. for the site. Lawyers from Vinson & Elkins in Austin (Bob Baird and Dean Harvey) and Houston (Steve Borgman) have been assisting us in various legal matters relating to the site. At this point, the commercial team desires to move ahead with a limited liability entity to own and operate the DealBench business. Based upon input from many of you, the proposal is to form a simple, single-member, owner-managed Delaware limited liability company named DealBench L.L.C. The sole owner would be Enron Net Works LLC. Upon formation, all assets and liabilities of the DealBench business will be assigned to, and assumed by the new LLC. We understand that the private placement being contemplated by Net Works will be through a separate legal entity and currently does not contemplate the DealBench business. We also understand that DealBench's ownership by Net Works will not preclude future flexibility in DealBench's ownership. The commercial team desires to move forward with formation of DealBench L.L.C. this week. Based upon your input, we will proceed as outlined above. If you have any other thoughts or suggestions, please let me know. Thanks for your help. Regards, NJD
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