Term Sheet

As we discussed.
----- Forwarded by Mark Taylor/HOU/ECT on 07/25/2000 01:53 PM -----

Scott Sefton
07/25/2000 11:06 AM

To: Travis McCullough/HOU/ECT@ECT, Mark - ECT Legal Taylor/HOU/ECT@ECT
cc: Julia Murray/HOU/ECT@ECT
Subject: Term Sheet

Attached is the NetWorks term sheet. I understand that a completly new PPM
should be coming out today.
---------------------- Forwarded by Scott Sefton/HOU/ECT on 07/25/2000 11:01
AM ---------------------------

Gareth Bahlmann
07/24/2000 02:14 PM
To: Scott Sefton/HOU/ECT@ECT
cc:
Subject: Term Sheet

---------------------- Forwarded by Gareth Bahlmann/HOU/ECT on 07/24/2000
02:02 PM ---------------------------

"Astin, Ronald T." <RAstin@velaw.com< on 07/24/2000 11:23:18 AM
To: "'Bolner, Mike (Chase)'" <michael.bolner@chase.com<, "'MacEachron, Susan
(Chase)'" <Susan.MacEachron@chase.com<, "Walker, Rick (Chase)"
<richard.walker@chase.com<, "'nancy.marshall@chase.com'"
<nancy.marshall@chase.com<, "Brown, Bill W. (Director-Enron)"
<bill.w.brown@enron.com<, "'Coulter, Jodi'" <Jodi.Coulter@enron.com<,
"Bahlmann, Gareth (Enron)" <gareth.bahlmann@enron.com<, "Osterberg, Edward"
<eosterberg@velaw.com<, "Ho, Wendy" <who@velaw.com<, "Douglas, Stephen
(Enron)" <stephen.h.douglas@enron.com<, "'Michael.K.Patrick@enron.com'"
<Michael.K.Patrick@enron.com<
cc:
Subject: Term Sheet

Attached is a revised version of the Net Works Term Sheet, marked to show
additional Enron changes from Friday's version. A clean version will follow
shortly.

<<274897_6.DOC<<

- 274897_6.DOC
---------------------- Forwarded by Gareth Bahlmann/HOU/ECT on 07/24/2000
02:02 PM ---------------------------

"Astin, Ronald T." <RAstin@velaw.com< on 07/24/2000 11:37:46 AM
To: "'Bolner, Mike (Chase)'" <michael.bolner@chase.com<, "'MacEachron, Susan
(Chase)'" <Susan.MacEachron@chase.com<, "Walker, Rick (Chase)"
<richard.walker@chase.com<, "'nancy.marshall@chase.com'"
<nancy.marshall@chase.com<, "Brown, Bill W. (Director-Enron)"
<bill.w.brown@enron.com<, "'Coulter, Jodi'" <Jodi.Coulter@enron.com<,
"Bahlmann, Gareth (Enron)" <gareth.bahlmann@enron.com<, "Osterberg, Edward"
<eosterberg@velaw.com<, "Ho, Wendy" <who@velaw.com<, "Douglas, Stephen
(Enron)" <stephen.h.douglas@enron.com<, "'Michael.K.Patrick@enron.com'"
<Michael.K.Patrick@enron.com<
cc:
Subject: Term Sheet (corrected)

Please ignore the previous version sent a few minutes ago. I corrected the
typos in this one. Clean copy follows.

<<274897_6.DOC<<

Ronald T. Astin
Vinson & Elkins L.L.P.
1001 Fannin Street, 23rd Floor
Houston, Texas 77002
Ph: (713) 758-3615
Fax: (713) 615-5457
RAstin@velaw.com

- 274897_6.DOC
---------------------- Forwarded by Gareth Bahlmann/HOU/ECT on 07/24/2000
02:02 PM ---------------------------

"Astin, Ronald T." <RAstin@velaw.com< on 07/24/2000 11:40:01 AM
To: "'Bolner, Mike (Chase)'" <michael.bolner@chase.com<, "'MacEachron, Susan
(Chase)'" <Susan.MacEachron@chase.com<, "Walker, Rick (Chase)"
<richard.walker@chase.com<, "'nancy.marshall@chase.com'"
<nancy.marshall@chase.com<, "Brown, Bill W. (Director-Enron)"
<bill.w.brown@enron.com<, "'Coulter, Jodi'" <Jodi.Coulter@enron.com<,
"Bahlmann, Gareth (Enron)" <gareth.bahlmann@enron.com<, "Osterberg, Edward"
<eosterberg@velaw.com<, "Ho, Wendy" <who@velaw.com<, "Douglas, Stephen
(Enron)" <stephen.h.douglas@enron.com<, "'Michael.K.Patrick@enron.com'"
<Michael.K.Patrick@enron.com<
cc:
Subject: Term Sheet (Clean)

Here is the clean copy of the term sheet with today's Enron revisions.

<<274897_7.DOC<<

- 274897_7.DOC