IN: Julie, We received the shipment of 50 books. Thanks. The book was an instant hit. We need 50 more books. Vince P.S. I understand Paul sent you the check for the remaining 50%

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OUT: Book order

IN: As you are aware a "safety net" type of provision has been included in the master netting agreement to attempt to convert any underlying master agreement one way payment provision to a two way payment provision. However, this is only a safety net and should not be relied upon. It may not cover every particular definitional/form structure in an underlying master agreement. Please be sure to review the underlying master. It is probably always best to draft a contract specific amendment to convert to 2way payment since this is a critical issue to effect properly the closeout netting and setoff provisions of the master netting agreement. The specific amendment can be included in the master netting or accomplished as a separate amendment to the underlying master agreement. Any questions, call me.

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OUT: READ: RE CONVERSION OF 1 WAY PAYMENTS TO TWO WAY PAYMENTS

IN: As an update on negotiations on this agreement, several messages have been left for Mr. Shumway. The last being this morning and was advised he is in their Fort Worth office this week. I will keep you informed of my progress. DP

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OUT: Cinnabar Energy Services & Trading, L.L.C.

IN: Greetings Kari: Attached is follow-up information from the meeting that the Governor and you had with Ken Lay and Steve Kean last Thursday. Tomorrow morning I will email three additional pieces of information: Our specific comments on the proposals that the Governor raised at the meeting. More details on the "demand buy-down" concept. Information on Norway's version of the ISO, "Nord Pool." If there's anything you need, don't hesitate to contact me at 415.782.7822. Happy New Year. Best,

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OUT:
Follow up materials