IN: Louise -- The Houston legal/regulatory group is working with the UBS legal department to obtain from the London branch of UBS AG a power of attorney which will expedite the execution of agreements and other signature documents involved in starting the energy trading activities. (I will provide you specific information on the nature of this power of attorney as soon as I obtain it.) To get this in place as soon as possible, we've been asked to provide backup information with sufficient specificity that the nature of each relationship/contract and counterparty is identified. (Example 1: "Wholesale power trading master purchase and sale agreement with Duke Energy Trading and Marketing L.L.C. and related transaction confirmations". Example 2: We would specify the contract and counterparty for each of the 44 gas pipelines which we need to utilize for gas trading operations in ERCOT).

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OUT: Power of Attorney re UBS AG energy trading activities

IN: 9.6 Additional Factory Testing . In the event that Purchaser reasonably determines that a factory test=20 conducted by Seller or its Subcontractors was not conducted properly or the= =20 results of the test were inconclusive Purchaser may required Seller to repe= at=20 such test in a fashion as to obtain conclusive results. =20 Purchaser may request Seller or its Subcontractors to perform one or more = of=20 its factory tests using more precise instrumentation than planned, or=20 conduct a test not in Seller=01,s or its Subcontractor=01,s standard factor= y test=20 program. In the case of a Purchaser request for an additional non standard= =20 factory test the conduct of such test shall be subject to mutual agreement = by=20 the parties. =20 In the event as a result of such Purchaser requested repeat test, ormore=20 precise instrumentation or non standard test the Equipment is found to not= =20 be compliant with the requirements of this Agreement, Seller shall correct= =20 such noncompliance and the cost and time associated with such testing shall= =20 be to Seller=01,s account. If the Equipment is found to be compliant with = this=20 Agreement, Seller shall be eligible for a Change Orderfor the cost and time= =20 associated with such testing.

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OUT: World Hunger- Section 9.6 Additional tests - text of attachment

IN: If you like, I can get you database access that will allow you to review the comments between Legal & Credit. We do not give this level of access to non-Legal & Credit people because we are trying to limit certain information for client-attorney privilege (not to mention the business people give away our negotiating positions!). If you would like this level of access, let me know and I will put in a request. This level of access will also give you edit capability, so you need to be careful not to change things by mistake.

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OUT: Financial Trading Agreement Database

IN: UH Team: I have just been notified that the UH On Campus Recruiting is being rescheduled due to scheduling conflicts with both UH and Enron. Once we determine the new dates, I'll forward an email to the team. I apologize for any inconvenience that this may have caused and hope that you will be able to participate in the future. Regards,

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OUT:
UPDATE - UH Recruiting Date Change!