Dan:

I have a dilemma and I'm almost too embarrassed to ask you to help me
resolve it.  As a matter of policy in this department, we are to stress the
fact that we "need" "financially firm" language in all contracts.  When the
Trader requested a contract with Enovate, he was not clear about his
trading intentions and it was assumed that "financially firm" "needed" to
be in the contract.  It seems that this language is now holding up the
execution process of the Enovate LLC contract.  The Business Unit wants
"financially firm" out and "firm" substituted.

The definition for "firm" that they want in the contract is the standard
definition for "firm" that is in the GISB as follows:

"Firm" shall mean that either party may interrupt its performance without
liability only to the extent that such performance is prevented for reasons
of Force Majeure; provided, however, that during Force Majeure
interruptions, the party invoking Force Majeure may be responsible for any
imbalance charges as set forth in Section 7.2 related to its interruption
after the nomination is made to the Transporter and until the change in
deliveries and/or receipts is confirmed by the Transporter.

I believe the only other place in the contract that "Financially Firm"
appears is on the first page, Article 2. SCOPE OF AGREEMENT:, second line,
would you please change that occurrence of "Financially Firm" to just
"firm"?

Dan, can you help me with this without trashing the whole contract?  On the
first page, we can line through "Financially" and initial, and then just
the definition page on the first page of APPENDIX "1" would have to be
redone to replace "Financially Firm" with just "Firm".

Please let me know if this is able to be done.

Thanks and I'm so sorry,

Ellen Dailey
713/207-3266