Message-ID: <33537068.1075845503939.JavaMail.evans@thyme>
Date: Mon, 5 Mar 2001 03:39:00 -0800 (PST)
From: jep@wincrest.com
To: jeff.skilling@enron.com
Subject: Photofete
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Jeff,


John Blaisdell had forwarded you a term sheet last week on Photofete.  I
have attached a second draft which incorporates a few changes based on
conversations I had with Mark Hughes at Thompson Knight and Jennifer Binder.
Please give me a call if you have any comments on the term sheet.  I have
advised Mark that we will not begin the drafting process until we have heard
back from him that the terms are acceptable.


 <<Series A Term Sheet.doc>>


Regards,


John E. Price
Controller
Wincrest Ventures, L.P.
E-mail: jep@wincrest.com
(713) 690-4848
(713) 690-9997 fax



 - Series A Term Sheet.doc