Message-ID: <13082584.1075852174568.JavaMail.evans@thyme> Date: Mon, 22 Oct 2001 06:14:50 -0700 (PDT) From: john.millar@enron.com To: danny.mccarty@enron.com Subject: FW: Alligator Alley Stock Sale Agreement Cc: eric.gadd@enron.com, julie.armstrong@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: eric.gadd@enron.com, julie.armstrong@enron.com X-From: Millar, John X-To: McCarty, Danny X-cc: Gadd, Eric , Armstrong, Julie X-bcc: X-Folder: \DMCCARTY (Non-Privileged)\McCarty, Danny\Inbox\M&A X-Origin: MCCARTY-D X-FileName: DMCCARTY (Non-Privileged).pst Dan, Ballentine now wants to consult a tax attorney for the tax language we added in this last revision. He's now shooting for next Wed. Oct. 31 to sign this. We can, therefore, postpone today's meeting until early next week. If that's ok with you, I'll ask Julie to find a half hour slot in your schedule. Please advise. John -----Original Message----- From: Millar, John Sent: Friday, October 19, 2001 10:55 AM To: McCarty, Danny Cc: Gadd, Eric Subject: Alligator Alley Stock Sale Agreement Danny, Julie has me on your schedule Monday 10/22 at 1:30pm to sign the attached agreement. I will bring you two copies with legal sign off and with Ballentine's signature. Here are the terms: All shares of Enron Alligator Alley Pipeline Company will be sold to ID3Energy Company, which is Ballentine's company Price is $1,000,000 ID3 puts up $50,000 earnest money ID3 takes assets as-is, where-is ID3 will complete, at their expense, the environmental remediation work plan within twelve months Enron has right to match any bona fide offer to construct liquid or gas pipelines in the right-of-way for a twelve month period Enron will negotiate an operating agreement to provide ID3 with field services for no longer than six months Close in 90 days We would like to have this executed on Monday 10/22. If you don't think that's possible, please advise and Julie can reschedule. Thanks, John