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Attached are markups of the equity documents for  Enron/Kiodex Transaction.  They have not been reviewed by Kiodex and  remains subject to their comments.  I will send clean copies for comments  as soon as I've had a chance fix the instabilities in the  documents.
-----Original Message-----
From: Kaczenski, Stephanie S.  [mailto:skaczenski@velaw.com]
Sent: March 12, 2001 7:04  PM
To: McCullough, Travis (Enron); Breeland, Pat;  'andy.zipper@enron.com'; 'drew.ries@enron.com'; 'jay.Fitzgerald@enron.com';  'raj.vaswani@kiodex.com'; 'jrogers@mofo.com'; Stockbridge, Edward  
Cc: Telle, Michael S.
Subject: Enron/Kiodex Equity  Investment Agreements
Gentlemen:
Attached hereto please find  revised drafts of the Stockholders' Agreement, Amended and Restated  Registration Rights Agreement, Common Stock Purchase Agreement and Warrant,  both in clean form and blacklined against the drafts of the same documents  circulated by Kiodex last week.   Please note that the attached version of the Amended and Restated  Registration Rights Agreement should be reviewed in lieu of the draft  circulated by Travis McCullough earlier today.
We will look forward to discussing  your comments on these documents at our conference call scheduled for 1:00  p.m. (CT) on Tuesday.
Should you have any questions in  this regard, please do not hesitate to contact the undersigned.
Michael S. Telle
 
 
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 - COMPARERITEREPORT-NY-333061.DOC 
 - COMPARERITEREPORT-NY-320663.DOC 
 - COMPARERITEREPORT-NY-329408.DOC 
 - COMPARERITEREPORT-NY-333212.DOC