BETA & Fee Agreement - APB Energy-Europe

At the request of Bob Shults, I am attaching our proposed forms of Broker
Electronic Transaction Agreement and Fee Agreement. I understand from Bob
Shults that we still need to define who the legal contracting party will be
for APB Energy-Europe. After you have had a chance to review the agreements,
please call Mark Greenberg, Senior Counsel, at (713) 345-8897 or me at (713)
853-3399 with any questions or comments you might have. We look forward to
hearing from you.