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Type of Contract: ISDA Master Agreement (Multicurrency-Cross Border) Effective Date: September 1, 2000 Enron Entity: Enron North America Corp. Counterparty: H.Q. Energy Services (U.S.) Inc. Transactions Covered: Approved for all products with the exception of: Foreign Exchange Confirming Entity: Enron North America Corp. Governing Law: New York Special Provisions: The Confirmation section prescribes using the form of confirmation contained in the 2000 ISDA Definitions or the 1993 ISDA Commodity Definitions. The timing for dispute of confirmations has been amended from the standard 2 days to 3 days. Confirmation Desk: note p.28 of the Schedule to the Master Agreement prescribes the rounding conventions.

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H.Q. Energy Services (U.S.) Inc.