Attached is the latest version of the stock purchase agreement.
---------------------- Forwarded by William Keeney/HOU/ECT on 12/06/2000 
10:58 AM ---------------------------


KWong@milbank.com on 12/04/2000 07:34:02 PM
To: George.Schaefer@enron.com, Lou.Stoler@enron.com, 
Terry.W.Donovan@enron.com, Greg.Blair@enron.com, william.keeney@enron.com
cc:  
Subject: RE: INGA--12/04/00 version 2--Markup of ADC Stock Purchase Agreem ent




Here is another revised version of the SPA reflecting the revised language in 
Section 8.3 and the GMM, as well as a change in Section 2.11 reflecting 
comments from Dee, your HR person.? There is a cumulative blackline included 
from the draft sent earlier this morning as well.

Please let me know if you have any further comments so I can email out to 
Marshall Taylor, et al.

Regards,
Karen

__________________________________________________
Karen B. Wong
Milbank, Tweed, Hadley & McCloy LLP
601 South Figueroa Street, 30th Floor
Los Angeles, California 90017
USA
kwong@milbank.com (email)
(213) 892-4419 (office telephone)
(213) 892-4719 (office fax)
(213) 479-3129 (cellular telephone)


-----Original Message-----
From: Wong, Karen 
Sent: Monday, December 04, 2000 4:07 PM
To: 'George.Schaefer@enron.com'; 'Lou.Stoler@enron.com';
'Terry.W.Donovan@enron.com'; 'Greg.Blair@enron.com';
'william.keeney@enron.com'
Subject: RE: INGA--12/04/00 version 2--Markup of ADC Stock Purchase
Agreement
Importance: High


here is an interim redline of the SPA reflecting comments from our call.? 
sorry in advance for errors...
__________________________________________________
Karen B. Wong
Milbank, Tweed, Hadley & McCloy LLP
601 South Figueroa Street, 30th Floor
Los Angeles, California 90017
USA
kwong@milbank.com (email)
(213) 892-4419 (office telephone)
(213) 892-4719 (office fax)
(213) 479-3129 (cellular telephone)


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? ? ?

? 
 - SPA 1204v3.doc
 - SPA 1204v3redline.doc
 - SPA 1204v3cumulativebk.doc