This is the sponsor undertakings which we commonly refer to as the Central 
Bank Indemnity.
---------------------- Forwarded by Rob G Gay/NA/Enron on 12/20/2000 09:51 AM 
---------------------------


"RACITI, Melissa" <melissa.raciti@freshfields.com> on 11/08/2000 11:07:55 AM
To: acestero@velaw.com, "Adriana Mathias Baptista (E-mail)" 
<amb@tfts.tozzini.com.br>, af@tozzini.com.br, alejandra.arze@citicorp.com, 
ameyer@mmso.com.br, "Ana beatriz kesselring" 
<ana.beatriz.kesselring@bakernet.com>, "Ana Silvia Dias" 
<ana.silvia.dias@bakernet.com>, "Anabela de Oliveira" 
<Anabela.DeOliveira@chadbourne.com>, anakarinasouza@mmso.com.br, "Analia 
Miqueri (BFM&L) (E-mail)" <am@bfmyl.com.ar>, "Anamaria Rosenthal" 
<anamaria.rosenthal@bakernet.com>, "Andrea Gavino (E-mail)" 
<Andrea.Gavino@enron.com>, andrea.arze@citicorp.com, "Andreia Almeida" 
<andreia.almeida@enron.com>, "Andrew Pierrie (E-mail)" 
<ayp@dentonwildesapte.com>, "Barbara Boehm" <bboeh@opic.gov>, 
barry.k.pettifor@uk.pwcglobal.com, bbilger@velaw.com, "Beatriz Mello" 
<beatriz.mello@bakernet.com>, "Blanca Bollom" <blanca.bollom@enron.com>, 
"Bradley Barta" <bradley.barta@stoneweb.com>, brian.gilbertson@stoneweb.com, 
"BURKE, Ted (TDB)" <ted.burke@freshfields.com>, caio@mmso.com.br, "Carolina 
Galvao" <carolinagalvao@tozzini.com.br>, "Chaim Wachsberger (E-mail)" 
<chaim.wachsberger@chadbourne.com>, chris.m.j.dutton@si.shell.com, "Christian 
Huizer (E-mail)" <Christiaan.Huizer@enron.com>, "Claudia Bonelli" 
<ceb@tozzini.com.br>, claus-michael.koch@kfw.de, "Cliff Rankin" 
<crankin@velaw.com>, cuiabaclosing@tozzini.com.br, dalaniz@velaw.com, 
"Daniela Serpa" <daniela.serpa@citicorp.com>, "David Schumacher (E-mail)" 
<david.schumacher@chadbourne.com>, "Deia Holzmann" 
<deia.holzmann@citicorp.com>, "DELPINO, Fiorella" 
<fiorella.delpino@freshfields.com>, "ELORZA, Juliana" 
<juliana.elorza@freshfields.com>, "Fatima Carr" <fatima.a.carr@bakernet.com>, 
"Fernando Aguirre (E-mail)" <faguirre@caoba.entelnet.bo>, "Fernando Rojas 
(E-mail)" <fernando@rojas-lawfirm.com>, fferraz@mmso.com.br, "Frank Kluesener 
(KfW) (E-mail)" <Frank.Kluesener@kfw.de>, g.g.garcia@enron.com, "gabriela 
marques" <gabrielamarques@felsberg.com.br>, gordon.combs@stoneweb.com, "Gra?a 
Pedretti" <gracapedretti@felsberg.com.br>, "haloliver@aol.com" 
<holiver83@aol.com>, "Heloisa Andrade (E-mail)" <hsfa@tozzini.com.br>, 
hercules.celescuekci@bakernet.com, hns@maples.candw.ky, "Ivan Bole (BFM&L) 
(E-mail)" <ib@bfmyl.com.ar>, "Javier Errecondo (BFM&L) (E-mail)" 
<je@bfmyl.com.ar>, jeff.moore@stoneweb.com, jenp@tozzini.com.br, 
jlowenthal@mmso.com.br, "Joana Ryan" <joana.ryan@enron.com>, "Joao Francisco 
Regos" <joaofrancisco.regos@bakernet.com>, "John Barquin" 
<jbarquin@velaw.com>, "John Novak" <jnovak@enron.com>, 
jorge.garoufalias@citicorp.com, "Jose Bestard" <jose.bestard@enron.com>, 
"Jos, Roberto Martins" <j.roberto.martins@bakernet.com>, "Juan Carlos Moreno 
(E-mail)" <jcmoreno@indacochea.com.bo>, "Karla Wurth (E-mail)" 
<kwurth@indacochea.com.bo>, "Karl-Heinz Wellmann (KfW) (E-mail)" 
<Karl-Heinz.Wellmann@kfw.de>, kevin.fitzpatrick@stoneweb.com, "Kruskaia 
Sierra-Escalante (E-mail)" <kse@chadbourne.com>, "Laine Powell" 
<Laine.A.Powell@enron.com>, loftsg@brazil.kben.com, "Louis Piscitelli" 
<louis.piscitelli@citicorp.com>, "Maria del Carmen Ballivian (E-mail)" 
<mariac@rojas-lawfirm.com>, "Mary Mervenne (E-mail)" <mmerv@opic.gov>, 
mbeckworth@velaw.com, mike_g._Bignell@sedgwick.com, "Nancy Rivera (E-mail)" 
<nrive@opic.gov>, "O'BRIEN, Lisa" <lisa.o'brien@freshfields.com>, "Pablo 
Rojas (E-mail)" <pablo@rojas-lawfirm.com>, pandrade@freshfields.com, "Pedro 
Seraphim" <pgs@tozzini.com.br>, qys@ceibo.entelnet.bo, "RACITI, Melissa" 
<melissa.raciti@freshfields.com>, "Renata Araujo" <raraujo@velaw.com>, 
"Ricardo Indacochea (E-mail)" <rindacochea@indacochea.com.bo>, "Ricardo 
Nogueira" <ricardonogueira@felsberg.com.br>, "Ricardo Sanches" 
<ricardosanches@felsberg.com.br>, richard.a.lammers@enron.com, 
rndr@amcham.com.br, rnovais@mmso.com.br, "Rob Gay" <rob.g.gay@enron.com>, 
"Robert Shapiro (E-mail)" <robert.shapiro@chadbourne.com>, "Roberto La Laina 
(E-mail)" <rlalaina@tozzini.com.br>, "Rodd Werstil" 
<Rodd.Werstil@chadbourne.com>, "Rodrigo Sales (E-mail)" 
<Rodrigo.Sales@BakerNet.com>, russell.ridgway@stoneweb.com, 
ruth.a.crawford@si.shell.com, sbaratta@sewkis.com, scraw@opic.gov, "SHAKOOR, 
Fiona" 
<IMCEAEX-_O=FRESHFIELDS_OU=USA-NEW+20YORK_CN=RECIPIENTS_CN=FSHAKOOR@freshfield
s.com>, starry@velaw.com, "Stefan Unna (C&P) (E-mail)" 
<stefan.unna@chadbourne.com>, "Stephen Coats" <scoats@velaw.com>, 
stephen.gray@enron.com, "Steve Muller" <smiller@velaw.com>, 
susan.garven@stoneweb.com, susanna.stern@citicorp.com, 
terri.powers@stoneweb.com, "Thomas Felsberg" 
<thomasfelsberg@felsberg.com.br>, "Thomas Mahaffey (E-mail)" 
<tmaha@opic.gov>, turton@brazil.kben.com
cc:  

Subject: Central Bank Agreement


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==================================================



Attached are clean and blacklined copies of the revised execution copy of
the Central Bank Agreement.

Best regards.


 - COMPARE001.DOC
 - NY003678709.DOC