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.

H.Q. Energy Services (U.S.) Inc.
Type of Contract: ISDA Master Agreement (Multicurrency-Cross Border) Effective Date: September <NUMBER>, <NUMBER> <COMPANY> Entity: <COMPANY> 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: <COMPANY> North America Corp. Governing Law: New York Special Provisions: The Confirmation section prescribes using the form of confirmation contained in the <NUMBER> ISDA Definitions or the <NUMBER> ISDA Commodity Definitions.
The timing for dispute of confirmations has been amended from the standard <NUMBER> days to <NUMBER> days.
Confirmation Desk: note p.00 of the Schedule to the Master Agreement prescribes the rounding conventions.
isda master agreement new york using form confirmation definitions timing energy services products exception desk note prescribes rounding conventions contained number multicurrency cross border