FW: Deal Summary with ECOutlook

FYI

-----Original Message-----
From: Hotte, Steve
Sent: Wednesday, February 28, 2001 4:07 PM
To: White, Julia; Hayslett, Rod; Jaquet, Tammy; Nacey, Sheila
Cc: Barnes, Caroline; Behrens, Alan; Brady, Andy; Ferguson, Mark; Gigliotti, Mark; Herron, D J; Houser, Rita; Joanne Bisbee; Kedwaii, Hasan; Kenagy, Gary; Koh, Wendy; Lewis, Greg; Licciardo, Jeanne; Martinez, Bob; Mayer, Tony; Puetz, Fred; Rahn, Nick; Rich, Sue; Sawyer, Lisa; Smith, Chris A.; Strader, Kelly; Sullivan, Michael; Tombaugh, Elaine; Zhou, Joe
Subject: FW: Deal Summary with ECOutlook
Sensitivity: Confidential

fyi.

-----Original Message-----
From: Yanowski, Tommy J.
Sent: Tuesday, February 20, 2001 9:27 AM
To: Perlman, Beth; Hotte, Steve; Rub, Jenny; McAuliffe, Bob; Gros, Thomas D.; Burchfield, Richard; Johnson, Jeff; Stock, Stephen; Hanz, Chris; Bruce, Dan; Webb, Jay; Pavetto, John; Piper, Greg
Cc: Bibi, Philippe A.; Ripley, Brian
Subject: Deal Summary with ECOutlook

Sale of Enron's EDI IP to ECOutlook
Last week Enron sold to ECOutlook it's intellectual property related to it's current EDI Hub for $3,000,000 and a 5 year warrant to purchase 500,000 shares of ECOutlook stock at $2.25 per share. Enron through a separate investment in ECOutlook in 2000 currently owns 6% of the company. Once Enron executes the warrant we would own a total of 7% of the company. ECOutlook's current customer list includes Bausch & Lomb, Bristol-Meyers, Ciba-Vision, BASF, Dupont, Equistar/Lyondell, Perseco(McDonalds), Sun Microsystems, SYSCO, Pentacon and others.

Enron's EDI Hub currently processes the following types of transactions:

Products Internal C/P's External Documents
Gas 5 69 Nominations Schedule Quantities
Quick Response Capacity
Meter Statements
Imbalance

Electric 4 20 Enrollments Meter Info
Terminations Usage
Switch Notice Payments
Rate Confirmation
Invoices
Billing
Purchase Order

Financial 8 20 Checks Acknowledgements
Direct Deposits Utility Invoices
Advices Consolidated Billing
Issuances
Financial Report
Wire Transfers
The existing IP related to these types of transactions is now owned by ECPower and they will have the right to market it to other customers.

Enron has also entered into a five-year O&M agreement and will transition the operations of it's EDI Hub from ECPower to ECOutlook over the next six-months. The O&M rates are flat to our deal with ECPower.

Enron also paid $100,000 to purchase a license to ECOutlook's B2B connectivity software called SDI Server. We are looking at ways to use this software to assist data transformation efforts between EIM, EGM and their trading partners.

Attached are the Asset Purchase, EDI O&M and EDI License Agreements for your review. Please let me know if you have any questions. - Tommy