Nearly final docs.

The change they want in the LLC is the addition of a statement indicating 
that for tax purposes this is a  single member LLC, or something like that.

The promissory note is felt to be necessary due to the adjustment mechanism 
for any change orders.  Has something to do with them getting all the basis.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/19/2001 06:34 
AM ---------------------------


"Wright, Tremaine S." <TremaineWright@paulhastings.com> on 04/18/2001 
08:16:49 PM
To: "'chris.booth@enron.com'" <chris.booth@enron.com>, "'kay.mann@enron.com'" 
<kay.mann@enron.com>, "'michael.young@northwestern.com'" 
<michael.young@northwestern.com>, "'jkeffer@kslaw.com'" <jkeffer@kslaw.com>, 
"'mreuter@kslaw.com'" <mreuter@kslaw.com>
cc: "Kahn, Marguerite R." <MargueriteKahn@paulhastings.com>, "DeBerry, 
Jeremiah A." <JeremiahDeberry@paulhastings.com> 

Subject: Attached Files


1. We are attaching revised drafts (in clean and marked forms) of the
following:
  Letter Agreement   NY/333343 (3v2 Firm Style)
  ENA Promissory Note NY/333403 (3v2 Firm Style)
  NorSub Promissory Note NY/333404 (3v2 Firm Style)

2.  We will circulate a revised draft of the LLC Agreement after discussion
with John Keffer of a matter raised with him earlier today.

3.  We believe the NorthWestern Guaranty and the Escrow Agreement are in
final form (in the forms last circulated).

4.  We await a revised draft of the Assignment and Assumption Agreement.


 <<blackline - Letter Agreement.DOC>>  <<Letter Agreement.DOC>>  <<blackline
- ENA Note.DOC>>  <<E-Note.DOC>>  <<blackline - NorSub Promissory Note.DOC>>
 <<Promissory Note.DOC>>

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 - blackline - Letter Agreement.DOC
 - Letter Agreement.DOC
 - blackline - ENA Note.DOC
 - E-Note.DOC
 - blackline - NorSub Promissory Note.DOC
 - Promissory Note.DOC