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Enron Mail |
Amerex is done at $250 K
---------------------- Forwarded by Bob Shults/HOU/ECT on 12/22/2000 10:10 AM --------------------------- "Steve town" <Stevet@amerexenergy.com< on 12/21/2000 05:58:14 PM To: "Bob Schultz" <Bob.Shults@enron.com< cc: "Jon Billings" <jon@amerexenergy.com<, "Mike Nemer" <miken@amerexenergy.com<, "Clay Davis" <clay@amerexenergy.com< Subject: deal basics Bob, here you go.? Lets work up a more formal term sheet and go from there. ? In short, for us to accept a licensing fee and no commission when our brokers hit/lift over the phones an EOL number with Enron traders, we're looking to receive from Enron: ??? - Access to EOL numbers in worldwide natural gas, power, bandwidth, and oil petroleum markets.? We feel strongly that Amerex has built leadership or solid intermediary positions in all these markets, and that should greatly benefit Enron and EOL, as well as benefit Amx. ??? - Until Amx notifies EOL, we interact with EOL on a view and phone call basis, essentially in keeping with doing business with Enron traders just like we do now, accept we see the bid/ask on line as well as in voice.? But with notice from Amx, EOL will program the Amx interaction to allow Amx brokers to hit/lift on a keyboard function ??? - That Amx pays the license fee of $250k for the first year, on a monthly basis. ??? - At the end of the one year period, there will be no greater increase in the license fee than 10%, and the license fee can be reduced, subject to both parties' agreement. ??? - We are keeping this confidential, and would request that EOL and Enron does not even indicate that a broker or a Houston broker, or some other indirect reference of a deal with a brokerage or Amx is made to the market. Look forward to hearing from you. All the best Steve
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