Canadian form of subordination agreement

----- Forwarded by Tana Jones/HOU/ECT on 08/22/2000 01:38 PM -----

Robert Bruce@ENRON
Sent by: Robert Bruce@ENRON
08/22/2000 10:54 AM

To: Suzanne Adams/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Erica Braden/Enron
Communications@Enron Communications, Mary Cook/HOU/ECT@ECT, Kaye
Ellis/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Taffy Milligan/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT,
Becky Tlucek/HOU/ECT@ECT, Brenda Whitehead/HOU/ECT@ECT, Chaundra
Woods/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Brent Hendry/NA/Enron@Enron
cc:
Subject: Canadian form of subordination agreement

On an ISDA I am reviewing, credit has asked that all indebtedness of the
Canadian counterparty to its affiliates be subordinated to us (in this case
ECC). Does anyone have access to a Canadian form of subordination
agreement? I imagine that a fairly bare-bones form would suffice. Thanks --
Bob