Bear Paw Energy LLC

We have received an executed financial Master Agreement:

Type of Contract: ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date: February 17, 2000

Enron Entity: Enron North America Corp.

Counterparty: Bear Paw Energy LLC

Transactions Covered: Approved for all products with the exception of: Pulp,
Lumber & Paper
Foreign Exchange

Confirming Entity: Enron North America Corp.

Governing Law: New York

Copies will be distributed.

Stephanie Panus