pl-x, Enron

Please set a telephone meeting with Alex for me. Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 07/19/2000 04:12 PM -----

Cathy Phillips
07/19/2000 10:26 AM

To: Jay Fitzgerald/Corp/Enron@ENRON, Mark E Haedicke/HOU/ECT@ECT
cc:
Subject: pl-x, Enron

Mike McConnell asked that I forward the following message to you both and ask
that you respond back to Alex Arrow directly. Thank you very much for your
assistance.

Cathy Phillips for
Mike McConnell

---------------------- Forwarded by Cathy Phillips/HOU/ECT on 07/19/2000
10:07 AM ---------------------------

Alexander Arrow <arrow@pl-x.com< on 07/18/2000 12:34:12 PM
To: Mike McConnell <mike.mcconnell@enron.com<
cc: Cathy Phillips <cathy.phillips@enron.com<, David Edwards
<dedwards@pl-x.com<
Subject: pl-x, Enron

Dear Mike,

Per direction from Cathy Phillips, here is the information about The Patent &
License Exchange (pl-x), and its potential role in Enron's
e-commerce/exchange initiative.

The Patent & License Exchange, Inc. (www.pl-x.com), since Jan 1999 has been
the operator of the safest global marketplace for intellectual property
rights. pl-x promotes liquidity in the market through novel
financially-oriented content and risk transfer tools backed by world-class
companies. Strategic partners include Ernst & Young, Swiss Re, and Chicago
Title Company (NYSE: FNF). pl-x's most recent round of financing brought in
$30 million in March, from a 10-member syndicate including Softbank,
Polytechnos, Texas Pacific Group and TMCT Ventures. The Board of Directors
includes the most recent Commissioner of the US Patent and Trademark Office,
Bruce Lehman and former Managing Director of Mitsubishi Electric Company,
Takashi Kiuchi. Subscribers include Avery Dennison, Dow Chemical,
Bristol-Myers Squibb, Mallinckrodt, Aventis, Gateway, Honeywell, and over 190
others.

pl-x also just received the Forbes.com "Best of the Web" award:

http://www.forbesbest.com/b2b/asp/tearsheet.asp?reviewNO=1738&;industry=Miscell
aneous

Enron's leadership role in the growth of online exchanges is becoming clear.
We believe leadership in the Intellectual Property Asset Exchange space would
be consistent with Enron's vision, and we look forward to speaking about ways
of potentially working together.

Very best regards,
Alex Arrow

************************************
Alexander K. Arrow, MD, CFA
Chief Financial Officer
The Patent & License Exchange, Inc.
117 East Colorado Blvd, Suite 200
Pasadena, CA 91105

V: 1.626.405.0690 x304
F: 1.626.405.0638
arrow@pl-x.com
www.pl-x.com
************************************