Re: ECT EUROPE INC: ETOL PUT COUNTERPARTY

---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
08/04/99 08:00 PM ---------------------------

Mark Evans
08/04/99 04:15 AM
To: paul.coleman@slaughterandmay.com
cc: Bobby Bajaj/LON/ECT@ECT, Robina Barker-Bennett/LON/ECT@ECT, Mark - ECT
Legal Taylor/HOU/ECT@ECT
Subject: Re: ECT EUROPE INC: ETOL PUT COUNTERPARTY

Paul,

the counterparty to the Put is not ECT Europe Inc. but Enron Capital & Trade
Resources Corp. This means any opinion about due incorporation and execution
comes from Mark Haedicke and the opinion should therefore be included in Mark
Taylor's bundle of docs for Mark or one of his team to present to Mark
Haedicke.

Thanks.

Mark

---------------------- Forwarded by Mark Evans/LON/ECT on 04/08/99 10:08
---------------------------

Bobby Bajaj

04/08/99 09:53
To: Mark Evans/LON/ECT@ECT
cc: Robina Barker-Bennett/LON/ECT@ECT, Nadeem Tufail/LON/ECT@ECT, Janine
Juggins/LON/ECT@ECT
Subject: Re: ECT EUROPE INC: ETOL PUT COUNTERPARTY

Mark, you will note we actually asked for the debt Put Company to be changed
to ECTR Corp. a couple of weeks ago.

Bobby

Mark Evans
04/08/99 09:50
To: Bobby Bajaj/LON/ECT@ECT, Janine Juggins/LON/ECT@ECT, Nadeem
Tufail/LON/ECT@ECT
cc: Robina Barker-Bennett/LON/ECT@ECT
Subject: ECT EUROPE INC: ETOL PUT COUNTERPARTY

Can anybody tell me where this company fits in to the Enron group structure?
Who are its shareholders and when was it incorporated. Is it definitely a
Delaware Corp?

Can you please let me know asap.

Thanks

Mark