Message-ID: <2928397.1075861944291.JavaMail.evans@thyme>
Date: Fri, 16 Nov 2001 07:41:53 -0800 (PST)
From: mark.greenberg@enron.com
To: legal <.schuler@enron.com>
Subject: Contract Settlement - Required Approvals
Cc: e..haedicke@enron.com, legal <.taylor@enron.com>
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Lance -

It is my understanding that Enron Credit is currently closing down operations.  In light of this, EC has a contractual obligation to a company called Risk Metrics Group.  The obligation arises out of the development and hosting by RMG of a website devoted to the use of EC's credit risk data - the site being mainly focused toward subscribers to other RMG products.  Since we are terminating the development and hosting agreement - in essence shutting down the site - we will owe RMG approximately $96,000.

While I realize this is a small sum, I wanted to make sure (1) there are no approvals under the merger agreement that are required for a settlement of this nature and (2) if we are tracking this type of liability for merger purposes, that I provide the necessary information to the appropriate personnel.

Please let me know if either of the above are necessary.

Thanks.

Mark  