Message-ID: <13743177.1075859997744.JavaMail.evans@thyme> Date: Thu, 18 May 2000 02:24:00 -0700 (PDT) From: travis.mccullough@enron.com To: louise.kitchen@enron.com, andy.zipper@enron.com, mark.taylor@enron.com Subject: Houston Street Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Travis McCullough X-To: Louise Kitchen, Andy Zipper, Mark Taylor X-cc: X-bcc: X-Folder: \Mark_Taylor _Dec_2000\Notes Folders\Notes inbox X-Origin: Taylor-M X-FileName: mtaylor.nsf Attached is a draft term sheet for the equity investment in Houston Street. As we discussed, this deal varies from the True Quote deal in that Houston Street has already closed several deals with investors which may dictate to some extent the deal that we are able to get. Many of the terms and conditions of our equity investment will depend upon the results of our due diligence investigation, and some may depend upon the terms and conditions of the Posting Agreement. Please let me know if you have any comments or questions regarding the attached. Travis McCullough Enron North America Corp. 1400 Smith Street EB 3817 Houston Texas 77002 Phone: (713) 853-1575 Fax: (713) 646-3490