Kay:

Can you please have 2 additional originals of the attached letter agreement
signed by Chris Calger, Managing Director of ENA, and return same to me for
forwarding to Freshfields.  Thanks.

Carolyn M. Campbell
King?& Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>



-----Original Message-----
From: PARKER, Isabel [mailto:isabel.parker@freshfields.com]
Sent: Tuesday, June 05, 2001 11:16 AM
To: 'Campbell, Carolyn'
Cc: VAN DUSEN, Nicholas; Kay Mann (E-mail); Gregory F. Lang (E-mail)
Subject: RE: Pegasus - Closing Documents


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The lenders have specifically asked for an original of the Letter Agreement.
If it is really problematic to get another 2 copies signed, I can ask them
again if they will accept a copy.  I appreciate that there are only 2
parties to the document, but the lenders' reasoning is that the Letter
Agreement is a key underlying document and as such, they would expect to
have an original.  Also, our original arrangement was that we would sign 6
originals of each relevant document so that all parties could have
originals.

I know what a pain it is to get documents re-executed and I apologize that
this request has come so late in the day.

Regards
Isabel

-----Original Message-----
From: Campbell, Carolyn [mailto:CCampbell@KSLAW.com]
Sent: Tuesday, June 05, 2001 12:04 PM
To: 'PARKER, Isabel'
Cc: VAN DUSEN, Nicholas; Kay Mann (E-mail)
Subject: RE: Pegasus - Closing Documents


Isabel:

ENA signed two originals of the Letter Agreement (as the Letter Agreement
has only two parties).  I kept one for ENA and provided the other to Greg
Lang for PPL by letter dated May 2, 2001.  I still do not have an original
of PPL's signature, but Greg Lang did provide a fax copy.    Is it necessary
for the parties to sign additional copies for non-parties?   I am checking
with ENA on the GE documents.  Thanks.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
 <mailto:ccampbell@kslaw.com> ccampbell@kslaw.com



-----Original Message-----
From: PARKER, Isabel [mailto:isabel.parker@freshfields.com]
Sent: Tuesday, June 05, 2001 10:47 AM
To: Carolyn Campbell (E-mail); Kay Mann (E-mail)
Cc: VAN DUSEN, Nicholas
Subject: Pegasus - Closing Documents



This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status. Please notify us
immediately by reply e-mail and then delete this message from your system.
Please do not copy it or use it for any purposes, or disclose its contents
to any other person: to do so could be a breach of confidence. Thank you for
your co-operation. Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.







The lenders have informed us that they would also like to have at least one
original of the GE Guaranty.
Please let us know whether this will be possible.  In addition, could you
please let us know how many originals of the Letter Agreement were signed?
The lenders also need an original of this document.

Thank you in advance
Isabel




Isabel Parker
T  +1 212 277 4025
F  +1 212 277 4001
E  isabel.parker@freshfields.com
520 Madison Avenue
34th Floor
New York, NY 10022
www.freshfields.com







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