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Attached for your approval is the form of Enron Corp. Guaranty in favor of Engage Energy US, L.P., now known as Coastal Merchant Energy, L.P., which guarantees the obligations of ENA under an ISDA Master Agreement. We will need the standard executed copy. This guaranty will supersede and replace, in part, the prior guaranty with respect to ENA and Counterparty. The guaranty will be fully replaced when counterparty receives the new Enron Corp. Guaranty with respect to the obligations of Enron Canada and Engage Canada (still covered under the existing guaranty, and such replacement is still under negotiation). Upon approval and execution, please call me at x33399 to pick up the documents. Thank you for your assistance in this matter.

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Engage Energy US