Michelle,

Welcome back from you vacation.  Attached is the contract between Enron and Indeliq, the attorney on this project is Ed Steakley out of Fulbright.  We need your comments on Indemnity to make sure that Enron is fine with it or if there is a need for changes.
Do you have the time to come back with review by Friday or do you want some one else to look at it? 
this is one of the outstanding issues that we need Enron Legal to review as soon as possible, but I understand you are trying to cutch up, so by Friday would work for me if it is ok with you.

Regards,

Yevgeny

-----Original Message-----
From: Frolov, Yevgeny 
Sent: Tuesday, August 21, 2001 11:48 AM
To: 'Steakley, Ed'
Cc: Coleman, Brad
Subject: REIndeliq 8/21/01


Ed,

Attached is my 1st draft of comments to Brads contract.




-----Original Message-----
From: Steakley, Ed [mailto:esteakley@fulbright.com]
Sent: Monday, August 20, 2001 7:52 AM
To: Frolov, Yevgeny
Subject: RE: exchanged language


It appears complex. I suggest finding someone at Enron who has no experience
with the deal and see if they can use the formulae. Point to the section,
but don't give them any background.

Give them the following:

22500  BBA Licenses Used
10100  Title 1 Used
550	 Title 2 Used
7000   Title 3 Used


-----Original Message-----
From: Frolov, Yevgeny [mailto:Yevgeny.Frolov@ENRON.com]
Sent: Friday, August 17, 2001 6:46 PM
To: Steakley, Ed
Subject: exchanged language


Ed,

Take a look at this draft,  tell me if this is simple enough.


Yevgeny


**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you. 
**********************************************************************