Enron Mail

From:bob.shults@enron.com
To:mark.greenberg@enron.com
Subject:FW: Natsource-Tullet BETA
Cc:tana.jones@enron.com
Bcc:tana.jones@enron.com
Date:Wed, 6 Jun 2001 01:50:00 -0700 (PDT)

Please send asap. I need to close this now. Thanks
Call me 30397

-----Original Message-----
From: "Goldsmith, Ian" <IGoldsmith@NatSourceTullettEurope.com<@ENRON
[mailto:IMCEANOTES-+22Goldsmith+2C+20Ian+22+20+3CIGoldsmith+40NatSourceTullett
Europe+2Ecom+3E+40ENRON@ENRON.com]
Sent: Wednesday, June 06, 2001 4:18 AM
To: Shults, Bob
Subject: RE: Natsource-Tullet BETA

Hi Bob
I am ready to sign here
I was waiting to get the LOC's sorted first but my NewYork tell me to go
ahead and sign,please send hard copy of docs if ok with you ??
Regards
Ian

-----Original Message-----
From: Bob.Shults@enron.com [mailto:Bob.Shults@enron.com]
Sent: Tuesday, June 05, 2001 7:31 PM
To: Goldsmith, Ian
Cc: Tana.Jones@enron.com; Mark.Greenberg@enron.com
Subject: RE: Natsource-Tullet BETA


Hi Ian,

Any luck on letter of credit? Is there anything we can help with on our
side? We are very keen to close this transaction in the next two weeks if
possible.

Call me at 713 853-0397 if you have any questions. I will call you
tomorrow to touch base. Mark can handle any legal issues.

Thanks

-----Original Message-----
From: "Goldsmith, Ian" <IGoldsmith@NatSourceTullettEurope.com<@ENRON

[mailto:IMCEANOTES-+22Goldsmith+2C+20Ian+22+20+3CIGoldsmith+40NatSourceTulle
ttEurope+2Ecom+3E+40ENRON@ENRON.com]


Sent: Wednesday, May 30, 2001 3:57 AM
To: Greenberg, Mark
Cc: Shults, Bob; Jones, Tana
Subject: RE: Natsource-Tullet BETA

Hi Mark
Thanks for your mail
I have no problems with the new clauses 4 (f) and (h) .
I will arrange for Natsource LLC alter the letter of credit to send a
letter
of guarantee
I will then be ready to sign the paper work and get going.
Thanks for your help
Ian



----Original Message-----
From: Mark.Greenberg@enron.com [mailto:Mark.Greenberg@enron.com]
Sent: Tuesday, May 29, 2001 8:34 PM
To: Goldsmith, Ian
Cc: Bob.Shults@enron.com; Tana.Jones@enron.com
Subject: Natsource-Tullet BETA


Mr. Goldsmith -

I have attached below a copy of the updated BETA reflecting the changes
you
proposed earlier. I have added some language to your proposals, but have
kept the intention intact.

The only additional comments that I will make are that Enron will
require
(a) a confirmatory letter from Natsource LLC that the LC posted by
Natsource will be applicable to Natsource-Tullet (in essence a guarantee
letter) and (b) if an LC has already been posted, it will need to be
modified so that it will reflect the ability of Enron to realize under
it
for Natsource-Tullet. If no LC has been issued, this latter point will
need to be handled in any LC issued.

Please take a look at the attached and let me know if anything further.
I
will be checking with our personnel to confirm that Natsource LLC does
not
have to be a signatory to this BETA.

(See attached file: beta-natsource-tullet(draft5-29-01).doc)

Mark
Senior Counsel, EWS
Phone: 713-345-8897
Facsimile: 713-646-3490
E-Mail: Mark.Greenberg@enron.com