Message-ID: <4480747.1075861412897.JavaMail.evans@thyme> Date: Fri, 28 Sep 2001 10:09:46 -0700 (PDT) From: laura.luce@enron.com To: s..shively@enron.com Subject: MGU Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Luce, Laura X-To: Shively, Hunter S. X-cc: X-bcc: X-Folder: \HSHIVEL (Non-Privileged)\Shively, Hunter S.\Inbox X-Origin: Shively-H X-FileName: HSHIVEL (Non-Privileged).pst Hunter... I spoke with Louise on executing MGU. She wants us all to sign the dash that I provided you yesterday and then I can sign the contract. Of course the conversation went to value and I described the arrangement as such 1) Original mark to Russell of $2 MM - I described that the value would either a) fall out of the structure or b) you and I would determine another manner and 2) trading and origination would share the go forward value in the transaction as 60/40 unless you were required to create $2MM and then you would be covered on the monthly cost annuity first and then a sharing of 60% to you 40% to origination. I emphasized the exercise of tracking this transaction against structure to determine the merits of our current analysis/internal process. Attached is the dash for you to review and then call me with 1) your changes or 2) your approval. Thanx, Laura