Ken and Linda Lay Balance Sheet Comparison August 31, 2001 ENE $ 45.3500 $ 34.9900 CPQ $ 14.9400 $ 12.3500 Current Assets Marketable Investments Corn & Pref Stocks ZL~11QI BL~i1fl1 )Larinnn~ 9,109,015 8,253,041 (865,974) Stock option exercise proceeds remaining in brokerage ecct to offset margin account; $ released 8/01 81.886,399 55,306,297 (26,580,102) ~1,707 shares of ENE stock used to pay off LOCs plus 68,620 shares from stock opt exec Executive Stock Options Bonds 50,650,403 23,316,733 (27,333,670) 68,620 ENE stock opt exec to 652,273 Mutual Funds Partnerships (Family) 652,273 4. 5,466,391 5,120,028' (346,363) ~ 16,801,271 11,062,017 (5,739,254) Long Term Investments Retirement/Deferred Assets Personal Non Earning Assets 55,896,276 56,052,700 156,424 SMH LifeSciences 5125K, BBT 5250K,Chase 5312.5K, Country Wetch.com 250K, CPC Yell 5250K etc. less 2000 Sch K-is ~,385,420 37,480,254 (6,905,166) 3,602,995 3,624,156 21,161 Current Liabilities Long Term Liabilities (39,086,221) (26,409,005) (60,824,518) (42,914,401) 12,677,216 $1BM paydown from sale of ENE to ENE less investments and expenses (taxes on stock opt exe) 17,910,117 Decrease in Def. Tax Liability Business Liabilities (363,979) (377,218) (13,239) $168,175,725 $ 131,166,875 (37,008,850) * Value based an FMV of partnership assets. No discount for partnership interest is shown. NOTE: Net Worth of 5131,166,875 does not reflect 1,458,416 unvested Enron stock options and 151,948 restricted shares of Enron Corp. Based on a FMV of 534.99/share as of 8131101, these options are valued at 51,428,339 and the restricted shares are valued at S5,316,661 totaling 56,745,000. The total value less deferred tax liabIlIty of 40% would add approximately 54,047,000 to the net worth. hold NET WORTH Ken and Linda Lay Balance Sheet Comparison August 31, 2001 CONTINGENT LIABILITIES: Ken and Linda have guaranteed a mortgage in the amount of $900,000 maturing on January 1, 2014 with an interest rate of 6.88% at Bank of America for their daughter, Robyn Vermeji. This loan is collateralized by property appraised at $965,000 as of December 9,1998. Ken has guaranteed three secured notes in the amounts of $250,000 and $275,000 maturing on October 23, 2001 and a construction loan in the amount of $1,230,000 maturing on January 17, 2003 for his sister, Sharon Lay. These loans all have an interest rate of 30-Day LIBOR + 1.5% and are collaterized by residential real estate. He has also guaranteed an unsecured note in the amount of $50,000 for Sharon Lay Productions, Inc. which matures 2/21/02. Linda has guaranteed a note secured by a 2000 Toyota Avalon in the amount of $26,949 and a note secured by a 2001 Toyota in the amount of $19,381. Linda has guaranteed a note in the amount of $130,000 maturing November 28, 2005 with an interest rate of 8.15% for Randy Gray. This loan is secured by residential real estate in Galveston. Ken and Linda have guaranteed an unsecured $5,000,000 line of credit for MILAND Investments, L.L.C. at Bank of America. The line of credit matures on April 5, 2002 with a floating interest rate of 30-Day LIBOR plus 1.25%. The amount currently funded on the line of credit is $4,502 010 On September 1, 2001, Ken and Linda have guaranteed an unsecured $1,000,000 line of credit for KLL & LPL Investments, Ltd. at Bank of America. The line of credit matures on September 1, 2002 with a floating interest rate of 30-Day LIBOR plus 1.25%. The line of credit is fully funded. The outstanding commitments for various investments total $ 17,988,880. List of Outstanding Commitments As of August 31, 2001 Total Outstanding PERSONAL Commitment Total Invested Commitment Broadwing, LLC Capricorn Investors II LP Capricorn investors Ill LP Carson Private European Fund Chase Cap Ptrs Private Eq Fund Corporate Opportunities Funds Environmental Opportunities Fund Environmental Opportunities II Fund Genesis Park LP Jester Apartments-Slidell, LA Lazard Technology Partners II LP Murphree Venture Partners V. LP SMH LifeSciences Opportunity Fund SRE Properties Partnership No. 1, L.P. Sterling Group Partners I, L.P. Vanguard VII LP Westbridge Ventures, L.P. 96,000 500,000 750,000 1,625,000 5,000,000 750,000 500,000 400,000 500,000 350,000 1,000,000 500,000 250,000 2,500,000 2,500,000 3,000,000 1,000,000 SUBTOTAL $ 21,221,000 List of Scheduled Commitments: Houston NFL Holdings (Offset by Credit Facility at Bank of Am) TOTAL 48,000 500,000 402,811 1,300,000 2,476,864 375,000 475,000 216,000 144,758 80,000 389,365 100,000 125,000 1,673,342 437,500 900,000 263,480 9,907,120 48,000 347,189 325,000 2,523,136 375,000 25,000 184,000 355,242 270,000 610,635 400,000 125,000 826,658 2,062,500 2,100,000 736,520 $ 11,313,880 $ 11,675,000 5,000,000 6,675,000 $32,896,000 $ 14,907,120 $ 17,988,880 8109-S31 2,500 8124448,000 8103-$ 125,000 8109-$1 3,563 Kenneth L. & Linda P. Lay SUMMARY BALANCE SHEET As of: August 31, 2001 September iS, 2001 ASSETS CURRENT ASSETS Cash on Hand Checldng Account Money Market Accounts Bro1wr~ge Accounts Savings Account Treasury Bills Short-term Receivables Notes Receivable TOTAL CURRENT ASSETS MARKETABLE INVESTMENTS Enron Corp. Common Stock Fayez Sarofim Mgmt.-Com Sanders Moms Mundy-Com Cypress Asset Mgmt.-Corn. Caprock Capital Advisors PaineWebber Core Hold. TCW Core Equity TCW Mid Cap Equity Privately-Held Stock Vested Exec Stock Op~ons orporate Bond-Convertibl Mutual Funds (t,.u4cLs ~ Partnerships-other TOTAL MARKETABLE INVESTMENTS LONG-TERM INVESTMENTS Residence Real Estate Other Homes Real Estate Active Rental Real Estate Passive Fanning Inter~s~ Other Investments TOTAL LONG-TERM INVESTMENTS RETIREMENT/DEFERRED ASSETS IRA IRA/Spouse Retirement Plan Deferred Cornpensat'n Plan TOTAL RETIREMENT/DEFERRED ASSETS S 2,353.48 140,212.29 90,000.00 500,493.54 46.01 600.00 6,060,547.67 1,458,788.27 S 25,334,264.57 6,523,002.00 2,840,409.39 364,538.92 2,975,753.90 499,702.10 2,343,073.48 540,259.90 1,212,533.39 12,672,760.37 23,316,732.56 652,273.00 5,120,028.10 11,062,017.00 S 10,149,552.79 20,285,399.08 2,103,490.81 6,750,062.41 4,500,00 16,759,694.59 S 37,650.93 37,677.36 13,034,406.63 24,370,518.75 S 8,253,041.26 95,457,348.68 56,052,699.68 37,480,253.67 Page 1 Kenneth L. & Linda P. Lay SUMMARY BALANCE SHEET As of: August 31, 2001 September 18, 2001 PERS ONAL/NON-EARNING ASSET Automobile(s) Home Furnishings Other Vehicles & Equip TOTAL PERSONAL/NON-EARNING ASSET TOTAL ASSETS LIABILiTIES CURRENT LIABILiTIES Notes Payable Security Deposit Margin Acct Liability TOTAL CURRENT LIABILITIES LONG-TERM LIABILiTIES Home Mortgage Other Real Estate Mtge Investment Liabilities Deferred Tax Liabilities TOTAL LONG-TERM LIABILITIES BUSINESS LIABILITIES Employer Taxes/Bus Accrued FICA TaxiBusiness TOTAL BUSINESS LIABILITIES TOTAL LIABILITIES $ 514,478.20 2,965,550.29 144,127.31 3,624,155.80 S 2OU,~6i,499.U9 S 16,245,041.36 1,369.18 10,162,594.88 $ S 5,311,817.89 14,724,332.83 5,282,650.89 17,595,599.00 S 282,329.87 94,888.65 26,409,005.42 42,914,400.61 377,218.52 S 69,700,624.55 EOUITY TOTAL NET WORTH TOTAL LIABIL~ES AND NET WORTH S 131,166,874.54 S 200,867,499.09 Page 2 September 18. 2001 Kennetb L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: August31, 2001 ASS ETS CURRENT ASSETS Cash on Hand CASH ON HAND/SK CASH ON HAND/PSTOKES CASH ON HAND/MSTURGIS CASH ON H2AND/LEONA CASH ON HAND/PRAKER CASH ON HAND/B VLILT Total Cash on Hand: Checking Accounts: BANK OF AMERICA 0707 BANK OF AMER1LPL PROP BANK OF AMER/STOKES CHASE BANK CHECKING VECTRA BANK UNITY 109-900 Total Checking Accounts: Money Market Accounts: WASHINGTON DC ACCT Total Money Market Accounts: Brokerage Accounts: GOLDMAN SACHS/GS-61 PAINE WEBBER MMA/PW.22 PAINE WEBBER CYPRESS/PW-43 PAINE WEBBER CAP/PW-46 PAINE WEBBER GS/PW44 SANDERS MORRIS MMAISMH-JT PANE WEBBER.TCW CE/PW-71 FIRST UNION MMAIFTU-60 FIRST UNION MMAIFTU-58 FIRST UNION MMA'FTU-54 FIRST UNION MMAIFTU-30 FIRST UNION MMA/FTU-24 FIRST UNION MMAIFTU-26 Total Brokerage Accounts: Savings Accounts: ENRON CREDiT UNION/KLL Total Savings Accounts: Treasury Bills: Page 1 Balance 220.67 779.03 199.77 381.63 219.33 553.05 2,353.48 121,737.07 2,768.25 7,953.82 1,385.35 3334.98 2,432.82 140,212.29 90,000.00 90,000.00 62 1.65 1,832.45 374.00 60.00 144.00 33.29 -6,462.18 210,109.71 32,402.29 3,485.77 196,006.86 39,057.18 22,828.52 500,493.54 46.01 46.01 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: August 31, 2001 SAVINGS BONDS TotaJ Treasury Bills: Short-term Receivables: ACCT RBCV-K.LL & LPL INVEST ACCT RECV-TDH ACCT RECV-MKL ACCT RECV-RENT DEP (#1000) ACCT REC V-RENT DEP (#811) ACCIT RECV-S. HOBBS ACCT RECV-D. HOBBS ACCI' RECV-BJONBS ACCT RECV-RV ACCIT RECV-ELV(FL) ACCT RECV-ELV(TX) ACCT RECV.G KINNEAR ACCT R.ECV-JANE RAN. ACCT RECV-E MCELROY ACCT REC V-MISC ACCI' REC V-RANDY GRAY ACCT RECV-S. ADARO ACCI' RECV-K PHILLIPS ACCT RECV-flM EMERSON ACCr REC V-P TERRAZAS ACC~ RECV-PAQLATERRAZAS ACCT RECV-T. ZILBERPARB ACCr RBCV-HUGUES HEYMAN ACC~ RECV-LEONA ARMSThONG ACCT RECV-J EMERSON ACCT RECV-VAN STOKES ACCT RECV-OSVALDO PEREIRA ACC~ RECV- CHAD MODAD ACCT RECV-RUTH VILLALOBOS ACCT REC V-PAMELA MAYORGA Total Short-term Receivables: Notes Receivable: FAM PTItNS ANNUflTY-2/KLL PAM PTRNS ANNUITY-2/LPL Total Notes Receivable: TOTAL CURRENT ASSETS Balance 600.00 600.00 2,523,500.00 500,000.00 150,000.00 2,102.08 1,058.33 75,000.00 75,000.00 102,962.60 84,643.00 580,000.00 790,242.27 900,000.00 25,000.00 950.00 5,670.87 600.00 6,900.00 37,000.00 18,000.00 13,285.05 1,721.78 15,000.00 44,81435 400.00 28,615.85 3,000.00 15,000.00 20,000.00 40,000.00 81.49 6,060,547.67 730,081.17 728,707.10 1,458,788.27 8,253,041.26 Septemb& 18, 2001 - P Page 2 September 18, 20011 Kenneth L. & Lind~i P. Lay BALANCE SHEET ANALYSIS As of: August 31, 2001 MARKETABLE INVESTMENTS Enron Carp. Common Stock Fayez Sarofirn Mgmt.-Com Sanders Morris Mundy-Com Cypress Asset Mgmt.-Corn. Caprock Capital Advisors PaineWebber Core Hold. TCW Core Equity TCW Mid Cap Equity Privately-Held Stocic ACOUSTIC TECH 100,000 SH-B AMER EQ LiFE HLDO/SMH-JT AMER. EQ LIFE 2500/SMB-JT COLJNTRYWATCH.COM DR RED DUKE INC 52,632 SHS ECOUTLOOK COM SERIES B ECOUTLOOK COM SERIES C ETERNITY, INC. 1,500 SH-A ETERNITY, INC. NOTE EVELOSITY CORP. SER B EVELOCIIY CORP 300,000 SHS EVELOCITY CORP 18,345.2 S~ EVELOCITY CORP 150,000 SHS FLASHFIND CORP 150,000 SIiS HOSTCENTRIC 54,347 S}I-B INDX SOFTWARE 18588/SMH-JT LOMBARDI SOFT 75005/SMII-JT MRS. F~LDS HOLDING CO. NETVERSAI'JT 125,OOOISMH-JT OLD BALDY CORP 250 SES OLD BALDY CORP 33 SHS PHOTOFETE.COM CONVERT NOTE QUESTIA MEDIA 558,306 SH-A QUESTIA MEDIA 129429 7511-B QUESTIA MEDIA 647, 1485H-C QUBSTIA MEDIA 12,82 iSH QtJESTIA MEDIA 1Z29SSH RED SKY INT 5,000SH/S1vfl~-JT RED SKY IN~ 2,OOOSWSMH-JT Total Privately-Held Stocic Vested Exec Stock Options: CPQ ESO 4-97 4370SH $ 25,334,264.57 6,523,002.00 2,840,409.39 364,53 8.92 2,975,753.90 499,702.10 2,343,073.48 540,259.90 1,212,533.39 210,000.00 199,875.00 39,975.00 250,000.00 100,000.80 200,000.00 299,999.57 150,000.00 37,500.00 850,000.00 300,000.00 18,345.20 75,000.00 112,500.00 249,996.20 50,001.72 75,000.00 81,000.00 500,000.00 28,360.00 12,000.00 123,103.12 1,831,243.68 4,245,294.16 2,122,645.44 42,052.88 40,327.60 247,800.00 180,740.00 12,672,760.37 18,922.10 Page 3 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSTS As of: August 31, 2001 CPQ ESO 4-99 2,953 SHS EI~TE ESO 12-95 8,632 SHS ENEESO 1-97 113,090 SHS ENE ESO 1-97 1,275,000 SES ENEESO 1-98 127,184 SES ENE ESO 12-98 442,988 SHS Total Vested Exec Stock Options: Corporate Bond-Convertibi: LAICEWOOD SPORT CONV/SMH-JT LAKEWOOD SPORT-I /SMH-.TT LAKEWOOD SPRT CONV2]SMH-JT EARTHCARE CO DEB/SMH-IT EARTHCARE CO 15345WSM11-JT EARTHCARE CO 253 ISHJSMH-JT EARTHCARE CO 2594SH/SMH-JT EARThCARE CO 2688SHJSMH-JT EARTHCARE CO 27565H/SMH-JT EARTHCARE CO ISHISMF{-JT FARTECARE CO 27945 11/SMIf-JT EARTHCARE CO I SH-2/SMH-JT EARTHCARE CO 2833/SMH-IT FLASH~1ND CORPOPATION FLASEFIND CORP NOTE 3/01 FLASHEIND CORP NOTE 5/01 Total Corporate Borid-Convertibl: Mutual Funds: 05 1999 EXCHFND/GS-61 Total Mutual Funds: Paxterships-other: KLL & LPL NVESTMENT PTRNS KLL & LPL FA~Y PTRNS Total Paruierships-other-~ TOTAL MARKETABLE iNVESTMENTS LONG-TERM INVESTMENTS Residence: REAL ESTATE/HtTh~NODON Total Residence: Real Estate Other Homes: REAL ESTATE/ASPEl~J1 REAL ESTATE/ASP~?'I2 Balance 1,476.50 137,507.76 1,440,766.60 16,957,500.00 1,898,857.12 2,861,702.48 23,316,732.56 52,250.00 52,250.00 30,041.00 5,120,028.10 5,120,028.10 10,373,615.00 688,402.00 11,062,017.00 95,457,348.68 10,149,552.79 10,149,552.79 2,869,323.52 5,648,454.72 Page 4 September 18, 2001 2 1,534.00 2,531.00 2,594.00 2,688.00 2,756.00 1.00 2,794.00 1.00 2,833. 7 September iS. 2001 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: August 31, 2001 REAL ESTATE/ASPEN3 PIRATES' COVE LOTS REAL BSTATEJB-3431 REAL ESTATE/B-3429 REAL ESTATEIB-3433 REAL ESTATE/REBA REAL ESTATBIASPEN4 REAL ESTATE/WESTOATE REAL ESTATE'2514 AVALON Total Real Estate Other Homes: Real Estate Active Rental: REAL ESTATE/1741SR REAL ESTATE/1852MAR REAL ESTATE/!856MAR REAL ESTATEII9I8SR REAL ESTATE/KINGS REAL ESTATEiVIKING REAL ESTATE/ME3GCO MO REAL ESTATE/24O3AVALON Total Real Estate Active Rental: Real Estate Passive: BLENHEIM APARTS, LTD. CREEKSTONE SOUTh RICE PTRS CREEKSTONE WALNUT LP DYMAXION APARTMENTS, LTD HAINES APARTMENTS, LTD. JESTER APTS PARTNERS.LTD ..T.TFAM,SR. INVEST., LTD. LAKE CHARLES APTS., LTD. ?vfILAND INVESTMENTS LLC NOLANA, LTD. R.ESACA DE LAS PALMAS SAJO KIRBY BRAESWOOD SR.B PROPERTIES PTR NO.1 TRAILS IDE APTS, LTD. W.B. TRADE INVESTMENTS LTD W.A.REHAUSENLOT NV LTD Total Real Estate Passive: Fanning Interests I IACRES ILLINOIS Total Farming Interests: Balance 6,257,394.!] 299,742.66 735,509.14 770,503.39 879,429.97 492,639.61 1,759,094.64 284,873.38 288,433.94 20,285,399.08 147,309.00 104,044.97 173,048.67 243,875.17 190,000.00 61,008.00 240,026.00 944,179.00 2,103,490.81 175,412.00 266,115.00 748,409.00 21,943.00 100,000.00 552,654.00 490,020.00 176,023.00 1,038,455.08 186,000.00 240,000.00 180,000.00 1,675,807.33 486,208.00 297,358.00 115,658.00 6,750,062.41 4,500.00 4,500.00 Page 5 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: August 31, 2001 September 18, 2001 Balance Other Inves~nents: BBT PARTNERS, L.F. BROADWING, LLC CAPRICORN INVESTORS II LP CAPRICORN INVESTORS III CARSON PRIV CAP EUROPE LI' CHASE CAP PTRS PRV FUND CORPORATE OPPT FtJND/SMH-JT CHAMPION L.L.C/SMH-JT CPC YELL, L.P. ENVIR OPI' 500,OOOSH/SMH-IT ENVIRON OPI' FUND IIISMH-JT GENESIS PARK LI' HOUSTON NFL HOLDINGS 2.5% SMH INDX LLC/SMH-JT LAZARD TECH PTRS II LP LON4BARDI LLC/SMH-JT MURPHREE VENTURE PTRS LI' MV PTRNS-CYBER DIALOGUE MV PARTNERS SANDERS OPPORT FtJNDISMI-1-JT SMH CERI, LLC/SMH SMH UFE SCIENCES/SMH-rr STERLING GROUP I LP TACONIC CAPITAL P'I1~.S LI' TCW WESTBRIDGE VENTURES VANGUARD VII LP Total Other Thvesinienzs TOTAL LONG-TERM INVESTMENTS REflREMENT/DEFERRED ASSETS IRK FIRST tJNION-IRA/KLL-FTU To~1 IRA 250,000.00 162,331.00 510,441.00 378,855.00 1,254,212.00 2,497,542.65 339,000.00 96,812.00 250,000.00 220,000.00 123,200.00 144,758.00 3,993,705.00 10,928.60 381,360.00 40,832.50 90,610.00 346,478.00 250,000.00 952,645.84 50,000.00 125,000.00 437,500.00 2,738,460.00 261,085.00 853,938.00 16,759,694.59 56,052,699.68 37,650.93 37,650.93 IRA/Spouse: FIRST UNION-IRAj'LPL-FTU Total IRA/Spouse: 37,677.36 37,677.36 -3'is~ ?~Bo e~rem cut Plan: ENRON-RETlREMENT - Pe-~ jo v~ 4,220,212.93 - Ca.LQ ~EOGHMMA/PW-18 - I~A ENRON SAVINGS R0/PW4e44~ - 1 kA 2,855,778.83 ENRON SAV RO MMAJFTU-401 - ~ (tO.4~) 74,740.33 EOGH MUNDER TECH/PW-18 - RA 13 1,757.74 Page 6 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: August 31,2001 ENRON SAVINGS 401K (~~rov~W.4+~) ENRON ESOP FID GRO\VIH CO 401 (K)/KLL FID OTC4OI(K)/KLL FID OVERSEAS 401(KYKLL FD MAGELLAN 401(KYI(LL MANTJLIFE ANN KLL/PW-R. MANULIFE ANN LPLJPW-R Total Retirement Plan: September 18. 2001 Balance 656,254.25 ~ ~ 4~ 18,51322 - 9,923.15 ~.A.kA.i4~ ~ 20,064.00 53,681.93 2,632,179.96 2,354,722.42 13,034,406.63 Deferred Camp cnsat'n Plan: -~ HNGPLAN-85 (si~4~.Jo I2A~ ~A83,6o4.oo-~'. rei~'v~/yeA-' ENRON DEFERRED COM?-85 - A~~vm~1' 3,737,057.12-12 7~ y ENRONDEFERREDCOMP-94 1,274,533.00 - L~AA~ ~-'~~.c1-S ENRONPHANTOMSTOCKDEF 17,852,911.66 - ~ ELI LILLY DEFERRED COMP 1,390,655.75 - 11r~pi~ &pJO4AA ~Uue TCWDEFERREDCOMP 31,757.22 - Q/I~ Total Deferred Compensat'n Plan: 24,370,518.75 TOTAL RETIREMENT/DEFERRED ASSETS 37,480,253.67 PERS ONAL/NON- EARNING ASSET Automobile(s): 92 4WD JEEP CHEROKEE 93 MERCEDES 600SL 95 LT SUBURBAN CHEVY 96 RANGE ROVER 99 MERCEDES ML430 97 SUBURBAN CHEVY 00 MERCEDES MLS5 00 MERCEDES 0500 LWB 00 YELLOW JEEP WRANGLER 00 SILVER JEEP WRANGLER 00 RED JEEP WRANGLER 01 GMC DENALI 01 GRAND CHEROKEE Total Automobile(s): Home Furnishings: HOME FURNISHINGS/HUNT HOME FURNISHING S/ASPEI'11 HOME FURNISHINGS/B- 3431 HOME FURNISHINGS/B- 3429 HOME FURNISHINGSIB-3433 HOME FURNISHINGS/ASPEN2 HOME FURNISHINGS/ASPEN3 7,400.00 40,000.00 13,000.00 30,000.00 39,000.00 15,280.15 73,348.19 149,176.18 20,400.00 20,400.00 20,400.00 48,272.40 37,801.28 514,478.20 2,188,312.83 138,984.11 192,315.63 80,83315 103,872.74 259,141.69 553.86 Page 7 4pq ~- September 18, 2001 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: August 31, 2001 HOME FtJRNISHI25 14AVALON Total Home Furnishings: Other Vehicles & Equip: BW 21 OUTRAGE BOAT DtJFFY 18~I DUFFY 18-Il HURRICANE 29' SPIRIT CANOE SUPER SPORT BOAT 1997 Total Other Vehicles & Equip: TOTAL PERSONAL/NON-EARNING ASSET TOTAL ASSETS LIABILITIES CtJRRENT LIABILITIES Notes Payable: CHASE BANK LOC COMPASS BANK LOC ENRON CORP. LOAN BANK OF AMER $40M NON PAINE WEBB ER-La CIP W-42 ACCT PAYABLE (ST)-ENRON Total Notes Payable: Security Deposits: SEC DEPOSIT/Z- 191 8SR SEC DEPOSIT/Z-1856MAR. SEC DEPOSrrIZ-MCDUF Total Security Deposits: Margin Acct Liability: PAINE WEB BER MARGIN/PW-33 FIRST UNION MARGThJfVI3J-52 Total Margin Acct Liability: TOTAL CURRENT LIABILITIES LONG-TERM LIABILrrIES Home Mortgage: BANK OF AMERIHUNTrNGDON BANK OF AMER/HUNT #2 LIEN BANK OF AMER/HUNT #3 LIEN Total Home Mortgage: Balance 1,536.28 2,965,550.29 49,327.00 19,098.00 19,098.00 22,695.14 406.43 33,502.74 144,127.31 3,624,155.80 200,867,499.09 2,642,000.00 3,489,871.12 4,000,000.00 5,629,391.70 0.02 483,778.52 16,245,041.36 850.20 125.00 393.98 1,369.18 6,086.18 10,156,508.70 10,162,594.88 26,409,005;42 4,336,469.98 487,055.64 488,292.27 5,311,817.89 Page 8 September 118, 2001 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: August 31, 2001 Balm2ce Other Real Estate Mtge: BANK OF AMERIASPENI CITICORP MORTGAGE/E-3431 BANK OF AMERlB-3429 BANK OF AMBR/B-3433 BANK OF AMBRJR.EBA BANK OF AMBRI25I4 AYALON BANK OF AMIASPEN2 BANK OF AMIASPENJ BANK OF AMERIASPEN4 BANK OF AMER/24O3AVALON Total Other Real Estate Mtge: Investment Liabilities: BANK OF AMERIGALV LOTS BANK OF AMERJ'WESTGATE LOT BK OF AM/CREDIT FACILITY Total Investment Liabilities: Deferred Tax Liabilities: DEF TAX LIAB.STK OP~ ONLY Total Deferred Tax Liabilities: TOTAL LONG-TERM LIABILITIES BUSThIESS LIABrLITTES Employer Taxes/Bus: MEDIC WITHHELD-EE (TX) SOC SEC WITHHELD-BE (TX) MEDIC WITHHELD-LPL EE(TX) SOC SEC WITHHELD-LPL (BE) FIT WITHEELD-EE (TX) FIT WITHHELD.-LPL EE(TX) SIT WITHHELD-EE (HH. GO) Total Employer Taxes/Bus: Accrued FICA TaxlBusincss: MEDIC PAYABLE-ER (TX) SOC SEC PAYABLE-ER (TX) MEDIC PAYABLE-LPL ER(TX) SOC SEC PAYABLE-LPL ER(TX) Total Accrued FICA Tax/Business: TOTAL BUSINESS LIABILiTIES TOTAL LIABILITIES 1,494,58034 173,260.23 236,33763 521,502.87 316,484.30 225,000.00 4,246,601.34 5,473,666.01 1,200,000.00 836,900.11 14,724,332.83 91,400.89 191,250.00 5,000,000.00 5,282,650.89 17,595,599.00 17,595,599.00 42,914,400.61 66,799.29 17,151.68 8,664.40 2,273.28 168,277.22 18,71 6.00 ~8.00 282,329.87 66,799.29 17,151.68 8,664.40 2,273.28 94,888.65 377,21 8.52 69,700,624.55 NET WORTH Page 9 September 18, 2001 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: August 31, 2001 TOTAL NET WORTH TOTAL LIABILITIES AND NET WORTH Balance 131,166,874.54 200,867,499.09 Page 10