Message-ID: <8879109.1075844526717.JavaMail.evans@thyme> Date: Fri, 17 Sep 1999 11:13:00 -0700 (PDT) From: sara.shackleton@enron.com To: anita.fam@enron.com Subject: Re: Proposed Enron/Petron ISDA documentation Cc: mark.taylor@enron.com, carol.clair@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: mark.taylor@enron.com, carol.clair@enron.com X-From: Sara Shackleton X-To: Anita Fam X-cc: Mark - ECT Legal Taylor, Carol St Clair X-bcc: X-Folder: \Sara_Shackleton_Dec2000_June2001_1\Notes Folders\Sent X-Origin: SHACKLETON-S X-FileName: sshackle.nsf I'll be glad to help you out from Enron's remote offices and while in Houston during the week of Sept. 27 - Oct.1. Please note the following: 1. I'll be in Enron's Sao Paulo and BA offices from Sept 20 - Sept. 24 AND 2. I'll be on vacation from Oct. 2 - Oct. 9 You may need to contact me through my assistant Kaye Ellis (Ext. 35968) or one of the paralegals (try Marie Heard, Susan Bailey or Susan Flynn). Sara Anita Fam 09/16/99 08:52 PM To: Sara Shackleton/HOU/ECT cc: Matthias Lee/SIN/ECT, Angeline Poon/SIN/ECT Subject: Proposed Enron/Petron ISDA documentation Hi Sara, How are things with you, m'dear? Have you any exotic destinations planned for this year's vacation? Anyway - I'm planning to go on vacation with my family (yah - it's weird to say "family" now!) to Perth from Thursday 23 September through to Saturday 3 October and was wondering whether you could help 'babysit' the Petron matter. Janice had mentioned that you'd done some due diligence on ISDA in the Philippines a year or so ago so I thought that you would probably be the most appropriate person to look after this matter in my absence. Matt, who is a new attorney who joined us in the Singapore office last week, will also be keeping track of this file but he hasn't been fully 'Enronized' by Tana as yet (tho' he will be so before Thanksgiving as he'll be headed to Houston next month for a month's stint there) so I thought it best if you could be the main contact person for Petron as well as for our business folks during that week that I'm not around. I really hope that you don't mind. Assuming that you're OK with this, I would like to give your name and contact details to the Enron AP/A/CHI biz folks who are handling this - Manuel Gallego in the Philippines, Victor Santos who is presently relocating to Singapore and David Terlip to whom they report. The traders in the Singapore office, John Chismar and Eng Wang Moi , will be providing the pricing. Matt and my assistant, Angeline, will get hold of you should they hear from Petron during that week. The plan is that Petron is interested in entering into some crack spread swaps with us. So far, Citibank and Chase have signed up ISDAs with Petron. In the meantime, I'll have Angeline fax to you copies of all the correspondence which I've had had with our Filipino counsel QTE to-date so that you'll get a good idea of what the regulatory and legal environment's like now in the Philippines. [Angeline - can you please do that today. Sara's fax no. is Houston Legal's fax no.] So far, QTE has reviewed our draft ISDA Schedule and Credit Support Annex and I sent it across to Petron's inhouse counsel on 8 September (please see attached) and I'm now waiting for their written comments on those drafts. Please let me know whether you'll be able to look after this matter for me. Looking forward to hearing from you. Thanks a mill, Anita ---------------------- Forwarded by Anita Fam/SIN/ECT on 09/17/99 09:31 AM --------------------------- Anita Fam 09/08/99 11:28 AM To: lamaglaya@petron.com cc: wgrodriguez@petron.com, jlventigan@petron.com, Manuel Gallego/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Victor Santos/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David A Terlip/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Janine Juggins/LON/ECT, Stephen H Douglas/HOU/ECT@ECT, Matthew Nimmo/LON/ECT@ECT, John Chismar/SIN/ECT@ENRON, Wang Moi Eng/SIN/ECT, Janice Moore/HOU/ECT, Angeline Poon/SIN/ECT, Matthias Lee/SIN/ECT Subject: Proposed Enron/Petron ISDA documentation Dear Luis, I am the Senior Legal Counsel for Enron based in Singapore and have been requested by my colleague, Manuel Gallego, to forward to you our proposed draft ISDA documentation for your review. The attached documents are as follows: our draft ISDA schedule (draft dated 7 September 1999) attached as petron-isda (7Sept99).doc our draft ISDA Credit Support Annex (draft dated 6 September 1999) attached as petron-cs (6Sept99).doc our form of legal opinion to be issued by your external legal counsel (draft dated 6 September 1999) attached as petron-isda (ext opn) (6Sept99).doc Please note that the attached documents are in draft and are for discussion only and are as such open to any further changes which may be proposed by ourselves or our external legal counsel. I would be most grateful if you could review the attached and thereafter let me have your written response to the same. You may either e-mail your response to me at Anita.Fam@enron.com or fax me in Singapore at +65 734-2868. Should you wish to call me, my phone number in Singapore is +65 838-9038. I look forward to hearing from you shortly. With kind regards, Anita Fam Senior Legal Counsel Enron Capital & Trade Resources Singapore Pte Ltd