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$500 Million Prepay NG Forward Sale

Enron Corp. ENA. Stoneville. Mahonia Natural Gas Lmtd. $500 Million Prepay NG Forward Sale. Guarantee. Physical Gas Offtake Agreement. Fixed Price on Delivery. Fixed Price on Delivery. Physical Gas Offtake Agreement. Gas Forward Sale Agreement. $500 million. Fixed Price on Delivery.

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$500 Million Prepay NG Forward Sale

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  1. Enron Corp ENA Stoneville Mahonia Natural Gas Lmtd $500 Million Prepay NG Forward Sale Guarantee Physical Gas Offtake Agreement Fixed Price on Delivery Fixed Price on Delivery Physical Gas Offtake Agreement Gas Forward Sale Agreement $500 million Fixed Price on Delivery $500 million Purchasers Chase Sale of Contract Rights Physical Gas Offtake Agreement • Notes: • When gas is delivered under the Gas Forward Sale Agreement, Mahonia will take title to the gas with all the beneficial ownership interests remaining with the Purchasers.

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