Re: EOL Stationery

Jane,

Thanks for clearing that up. David has explaied the situation & we agreed
that for the time being it would be best for the time being to send out EOL
correspondence to Japanese counterparties using the existing "EnronOnline
LLC" letterhead & contact details.

Thanks for your help.

Justin

Jane McBride@ENRON
24/11/2000 01:49 PM
To: Justin Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Claudia Clark@ECT, David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jennifer deBoisblanc Denny/HOU/ECT@ECT@ENRON_DEVELOPMENT, Joseph P
Hirl/AP/ENRON@Enron, Karen O'Day@Enron, Mark Taylor/HOU/ECT@ECT, Alan
Aronowitz/HOU/ECT@ECT

Subject: Re: EOL Stationery

Dear Justin,

Have spoken with Dave Minns just now and I think he is going to spk with you.

I don't think I have been clear enough and I am sorry. We here at Enron
Japan have no particular desire (or resources at the moment) to send out EOL
related correspondence from here. If, however, EOL decides it is better for
EOL related correspondence with Japanese counterparties to go from Enron
Japan Corp. (as the legal entity responsible for the content of a letter)
rather than any other Enron entity, then we will have to review and sign the
correspondence (since it will create legal obligations for us) or have
someone else sign pursuant to a limited power of attorney.

If you want the letters to go from Enron Japan Corp. and for the EOL logo to
be on the paper then we would also need to consider whether we (EJ) needed to
register the logo as a business / trade name here. I am not sure whether
this has been done. (Also note that at the moment although the Japanese
version of the letterhead refers to "Enron Japan Corp.", the English
translation says "EnronOnLine". In any case these should be consistent I
would think.

On the other hand, if the correspondence can go from EOL LLC, or another
Enron legal entity then we do not need to be involved and I think this would
be our preference.

I know that the Enron Metals people here are trying to convert their
customers over to EOL. The EJ traders are also trying to sell EOL in the
market. The time therefore may come when we prefer to "personalize" our EOL
dealings by having them sent from EJ or Enron Metals out of Tokyo but I don't
think that time has quite come yet.

As a separate issue, if EOL wants to use the Enron Japan address in Tokyo on
its letters to Japanese counterparties, it may have to register a branch and
this may have unexpected tax implications for EOL LLC. This would need to
considered by Susan Musch.

Pls let me know what you decide to do and again I am sorry about the
confusion.

Jane McBride
Senior Legal Counsel
Enron Japan Corp.

Otemachi 1st Square Bldg.
West 11th Floor
1-5-1 Otemachi, Chiyoda-ku
Tokyo 100-0004
Japan

URL: www.enron.co.jp

Tel.: 81-3-5219-4500 (Main)
81-3-5219-4553 (Direct)
Fax: 81-3-5219-4510

Assistant (Maggy Yamanishi)
Tel.: 81-3-5219-4554
Email: Yo.Yamanishi@enron.com

Justin Timothy@ENRON_DEVELOPMENT
2000/11/24 10:30

To: Jane McBride@Enron
cc: Claudia Clark@ECT@ENRON_DEVELOPMENT, Karen O'Day@Enron, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jennifer deBoisblanc
Denny/HOU/ECT@ECT, Joseph P Hirl/AP/ENRON@Enron
Subject: Re: EOL Stationery

Jane,

Given EJC want to take responsibility for sending out EOL correspondence to
Japanese counterparties, does Joe Hirl have the authority to execute Password
Agreements on behalf of Enron North America Corp.?

Justin
---------------------- Forwarded by Justin Timothy/ENRON_DEVELOPMENT on
24/11/2000 12:26 PM ---------------------------

Justin Timothy
24/11/2000 12:24 PM
To: Jane McBride/AP/Enron@ENRON
cc: Claudia Clark@ECT@ENRON_DEVELOPMENT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jennifer deBoisblanc
Denny/HOU/ECT@ECT@ENRON_DEVELOPMENT, Joseph P Hirl/AP/ENRON@Enron, Karen
O'Day@Enron, Kirsty Hogarth/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: EOL Stationery

Jane,

Any information to do with EOL needs to be printed on EnronOnline letterhead.
I will arrange for the stationery to be printed and going forward will send
all completed Password Applications including Getting Started kit with cover
letter etc to EJC in Tokyo so that you can have them signed and forward them
on to the counterparty concerned.

Justin

Jane McBride@ENRON
24/11/2000 12:07 PM
To: Justin Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Claudia Clark@ECT@ENRON_DEVELOPMENT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jennifer deBoisblanc
Denny/HOU/ECT@ECT@ENRON_DEVELOPMENT, Joseph P Hirl/AP/ENRON@Enron, Karen
O'Day@Enron, Kirsty Hogarth/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: EOL Stationery

I think we would prefer that anything from us is approved and signed by us
here. If you want to prepare the letters this should be fine, not really
sure though why we don't just give you letterhead for this, rather than you
printing your own there.

Thanks.

Jane

Jane McBride
Senior Legal Counsel
Enron Japan Corp.

Otemachi 1st Square Bldg.
West 11th Floor
1-5-1 Otemachi, Chiyoda-ku
Tokyo 100-0004
Japan

URL: www.enron.co.jp

Tel.: 81-3-5219-4500 (Main)
81-3-5219-4553 (Direct)
Fax: 81-3-5219-4510

Assistant (Maggy Yamanishi)
Tel.: 81-3-5219-4554
Email: Yo.Yamanishi@enron.com

Justin Timothy@ENRON_DEVELOPMENT
2000/11/23 13:26

To: Jane McBride@Enron
cc: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joseph P
Hirl/AP/ENRON@ENRON, Jennifer deBoisblanc Denny/HOU/ECT@ECT, Claudia
Clark@ECT, Karen O'Day@Enron, Kirsty
Hogarth/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: EOL Stationery

Jane,

With respect to the EOL stationery, what normally happens is that once a
counterparty has been approved for access the Product Control Group sends
them a package including a letter informing them as much. The letter normally
takes the following format:

I am getting some EOL stationery printed up with the Enron Australia address
in the top right hand corner for the purpose of sending these letters out and
was thinking from a marketing perspective it might be a good idea to do the
same for Enron Japan Corp. I suggest that perhaps the best way to do it would
be for me to process them at my end then send them (along with the rest of
the package) on to you guys so that Joe can sign it and it can then be
forwarded on to the counterparty. Alternatively I may be able to send them
directly from here using Sheri Thomas' stamp for the signature. Here is a
draft of the proposed letterhead:

Please provide any thoughts or advise of your preference ASAP so that I may
go ahead and arrange for the stationery to be printed.

Thanks & Regards,

Justin
PCG Sydney