EOL and Password Application Agreements

Gentlemen,

Would be grateful if you could confirm to me the name of the Enron entity
that is named party to the above PA in your jurisdiction(s)...

Thanks.
Justin
---------------------- Forwarded by Justin Boyd/LON/ECT on 23/08/2000 14:05
---------------------------

Amita Gosalia
23/08/2000 13:49
To: Justin Boyd/LON/ECT@ECT
cc: Janine Juggins/LON/ECT@ECT

Subject: Re: MG Password Application Forms

Hi Justin

We will need POAs for all the other companies which are PA signatories.

Can you please investigate.

Thanks

A
---------------------- Forwarded by Amita Gosalia/LON/ECT on 08/23/2000 01:42
PM ---------------------------

Janine Juggins
08/23/2000 09:16 AM
To: Justin Boyd/LON/ECT@ECT
cc: Amita Gosalia/LON/ECT@ECT

Subject: Re: MG Password Application Forms

I think this will be OK if ENA gives a Power of Attorney to EPOL to execute
these agreements on its behalf. It is the provision of a support service, in
much the same way as the issue of trade confirmations, rather than the
negotiation and conclusion of a trading transaction. Justin - can you arrange
for a POA draft ?
Thanks
Janine

Justin Boyd
23/08/2000 08:45
To: Janine Juggins/LON/ECT@ECT
cc: Amita Gosalia/LON/ECT@ECT

Subject: Re: MG Password Application Forms

Janine,

The U.S. PA is executed on behalf of ENA, and not EPOL. As for Aus. C/Ps, I
don't know who the ETA Enron entity is.

J

Janine Juggins
23/08/2000 08:24
To: Amita Gosalia/LON/ECT@ECT
cc: Justin Boyd/LON/ECT@ECT, Enron London - EOL Product Control
Group/LON/ECT@ECT, Mahesh Lakhani/LON/ECT@ECT, Richard Clark/LON/ECT@ECT

Subject: Re: MG Password Application Forms

The costs of the London PCG team will be allocated to the legal entities who
benefit from their services under the provisions of the EnronOnline cost
sharing agreement. Therefore there is no problem with the London based PCG
team providing PA approval services in respect of Western Hemisphere and
Australasian customers. The PA form itself is I think signed by EPOL for and
on behalf of group undertakings which will include all group companies
worldwide. Indeed, if we approve a PA form in respect of a European customer
today, this European customer can still transact with non-UK entities
(depending on the product transacted , and whether the customer has been
approved to trade these products). Let me know if you think the procedure
will work differently from that which I described.

Congrats on the well deserved promotion.

Regards
Janine

Amita Gosalia
23/08/2000 01:09
To: Janine Juggins/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT
cc: Enron London - EOL Product Control Group/LON/ECT@ECT

Subject: MG Password Application Forms

Hi Guys

As the MG credit people sit in the London office we are considering amending
the PA process for Western Hemisphere and Australasian customers. All PAs
received by the Houston and Sydney office from Metals customers will be
forwarded to the London PCG team to process. Part of the process includes
signing of the relevant PA for the relevant Enron company.

Would we have tax/legal issues with having a London person authorised to sign
these PAs on behalf of the relevant Enron companies?

Speedy response wd be appreciated!!

Thanks

Amita