Spreadsheet: sara_shackleton__36431__Kellogg 53 Month
Sheet: Ticket

Paper/Pulp Deal Ticket
Deal Ticket Number: |  |  |  |  | (to be completed by [NAME])
Linked Deal Reference: |  |  |  |  |  |  | (for back-to-back physical deals only)
 |  | Month |  | Day |  | Year
Deal Date:
 | Y/N
Amendment: |  |  |  |  |  |  | SEE BELOW IF Y/N = YES.
Enron B/S
Enron Entity |  |  |  |  |  |  | Other:
 |  |  |  |  |  |  |  |  | For Global Counterparty Use
Enron Trader |  |  |  |  |  |  |  | Name | Kellogg's
 |  |  |  |  |  |  |  | Address | One Kellogg Square , P.O. Box 3599
Counterparty |  |  |  |  |  |  | New Ctpy Info---> | City, State | [NAME], MI 49016-3599
 |  |  |  |  |  |  |  | Phone | [PHONE]
 |  |  |  |  |  |  |  | Fax | [PHONE]
Counterparty Contact |  | [NAME] |  |  |  | Phone | [PHONE] |  |  | Fax |  | [PHONE]
Broker |  |  |  |  | Commission
Deal Type |  |  |  | Transaction Type |  |  |  | Option Style
 |  |  |  |  |  | Physical Prem |  |  |  | (ex: OCC11 - Official Board Markets)
Commodity |  |  |  |  |  | Storage
 |  |  |  |  |  | Other
 |  |  |  |  |  | Total
 | Floating/Index Ref. |  |  |  |  |  |  | Fallback Reference Pricing (Financial Only)
 |  |  |  |  |  |  |  |  |  | RISK MANAGEMENT/LOGISTICS USE ONLY!!
Commodity |  |  |  |  | Commodity |  |  |  |  | Commodity
Publication |  |  |  |  | Publication |  |  |  |  | Publication
Location |  |  |  |  | Location |  |  |  |  | Location
Low/High/Avg |  |  |  |  | Low/High/Avg |  |  |  |  | Low/High/Avg
 |  |  |  |  | Spread
Other:
Trade Terms
 |  |  |  |  |  |  |  |  |  | Option only |  |  |  | Swaption Only |  |  | Physical Only
Units of Measure | Monthly Vol. |  |  | Start Date |  | End Date |  | Fixed Price |  | Strike |  | Premium |  | [NAME] |  |  | Storage | Transport
 |  | 3500 |  | 2000-04-01 00:00:00 |  | 2004-08-31 00:00:00 |  | 429 |  |  |  |  |  | 2000-05-15 00:00:00
Currency
Note: | $3 million Letter of Credit due from Enron pending execution of swaption.
 |  | Payment Frequency |  |  |  |  | Payment/Settlement Date
 |  |  |  |  |  |  |  | # Days from Date of Invoice
 |  |  |  |  |  |  |  | NM =      Next Month
Other: |  |  |  |  |  |  |  | BDNM =  Business Day Of Next Month
 |  |  |  |  |  |  | 5 | BDAP =  Business Days After Price Is Known
 |  |  |  |  |  | Note:
For Physical Trade: |  |  |  |  |  |  | SHIPPING INFORMATION
 |  |  |  | LOADING |  |  |  |  |  |  |  |  | UNLOADING
 |  | Address |  |  |  |  |  |  |  | Address
 |  | City, State |  |  |  |  |  |  |  | City, State
 |  | Contact Nm |  |  |  |  |  |  |  | Contact Nm
 |  | Phone |  |  |  |  |  |  |  | Phone
 |  | Facsmile: |  |  |  |  |  |  |  | Facsmile:
 |  |  | Loading Dates Requested |  |  |  |  |  |  | Delivery Dates Requested
 |  | Month |  | Day |  | Year |  |  |  | Month |  | Day |  | Year
 |  | Method of Transportation |  |  |  |  | Rail
 |  | Estimated Number of… |  |  |  | Trucks |  | Railcars
 |  | (use 20 tons/truck est., 60 tons/railcar est.)
 | Delivery Terms:
 | Freight Paid By: |  |  |  |  |  |  | Transportation Arranged By
 | Title & Loss Transfers  at……. |  |  |  |  |  |  | Commodity Specifications:
 | Special Transportation Instructions:  ________________________________________________________
AMENDMENTS ONLY SECTION
Date of Change |  | Explaination of Amendment
2000-04-11 00:00:00 |  | Added spread term to fallback pricing.