Collaletal Valuation - Summary Sboch PrkeAssuinjnions as of I 21-Aug-01 I Emiromi S36.89 Compaq S 13.55 Eli Lilly $80.77 I BA Chase Corn ass * FU Total 80.0% 80.0% 80.0% ~7j~L1~oaai 80.0% Original LOC GuEsi anding Current i;rv Mkt Vat. Collateral Collageral Req. Excess (Dcficit) $40,000,000 $15,000,000 $10,729,392 S7,042,000 59.8% $17,932,179 $13.41 1.740 $4,520,439 79.4% S8,870,051 $8 802 .5 00 $67,551 $10,000,000 S3,489,87 I 53.7% $6,502,724 $3.402.179 $15,000,000 j~ 81.5% $18,400,000 Borrowing i'owerl S~,61~35J I' '' S.54.OAI I ".~xM81A9~)r!; '.i>l?'. .;. . j Total for BA. Chase. & Compass I '~*f s~sz,qpp:I Original LOC Oulstanndung Aimliable Linel $750,000 $0 $1,000,000 $0 $500,000 $0 $0 $0 $2,250,000 $0 $750,000 $1,000,000 $500,000 $0 $2,250,000 Pnroin (~onhInacI Eli Lilly LOTI .I.Cw 100.0% 56,036,041 1000% * Co:rrpa~s LO(~ has 80% LTVon all liquid assets held as collateral; the escejnion is tine Sa,aders'accor,nt wli~.l, consuls of elm quad assets that C~onrpass offers the lesser of JO% LIV or SImm I' GOVERNMENT U * EXHIBIT U 124220K LIV S36,261,263 SS 1,704,954 $25.6 16.419 $4,587,990 55,000,000 78.3% $6,385,034 $6.2 5(J.~00 135,034 $3,582,700 I 00 .fl ~ tb 0, a ~ 0' -10 in 51- (a Cl) ni C~) 0 0 0 cc Allocation of Collateral for Secured LOC LIA Chase Cone ass Iii 74~9% 96.9% 73.1% 25.1% 3.1% 0.0% 0.0% 0.0% 26.9% 0.0% 0.0% 00% 0.0% 0.0% 0.0% 100.0% LC tC1C10821 tV712eJ4J2 Collateral Valuation Bank of America $4 ..soia in ~red xi Outstanding Loan Balance SlO.729.392 Collateral Pledged Shares Value Enron Corp. 364,157 513,430,110 Compaq Computer 332.256 .L.~Q~069 Total Market Value of Collateral S17¶932479 Less: Collateral Required (80% LTV) 59*g3O/~ S13,411,740 Excess (Deficit) Collateral S4.520,439 Borrowing Power S3,616..351 Available to Borrow S3.616351 e Outstanding Loan Balance -. S6~973,0O0~ Collateral Pled ed Shares Value Compaq 113,064 51,532,017 Eli Lilly & Co. 20.220 $1,633,169 EOTT Energy Parmers 5,000 S 100,950 TCW Galileo Select Equines 131,738 $2,061,700 TOW Galileo Ag~esszve Growth 37,949 5440,967 TCW Small Cap Growth 41,485 5735,529 Enron Corp. (includes additional 25,000 shares) 60,000 $2.2 12.800 Total Market Value of Collateral $8,717,133 Less: Collateral Required (LTV 80%) 79.99% S8,716,250 Excess (Deficit) Collateral 5883 Borrowing Power 5706 Available to Borrow 5706 Con fldential Treatment Req uested under FQJA LAY~SEC.I 000000190 Stock Price assumptions :l-Aug-Ol~ Enron $36.88 TCW.Selec: S15.65 Compaq $13.55 TCW- Ag~. 511.62 Eli Lilly $80.77 TOW. Small $17.73 EOTT S20.19 7490/c 25.1% 100.0% 17.6% 18.7% 1.2% 23.7% 5.1% 8.4% 25.4% 100.0% LOC..0i0821 Sf712002 Collateral Valuation Bank of Amer.ca Outstanding Loan Balance SS.000..OO0 Collateral Pledged Shares Value Enron Corp. I 73,130 S6.385,034 Total Market Value of Collateral S6.385,034 Less: CollaTeral Required (80% LTV) 78.3% S6.250.000 Excess (Deficit) Collateral 5135,034 Borrowing Power Si 08.028 Available to Borrow* S108.028 5750.000 Line of Credit (Unsecured) UN/O Kenneth L. & Linda P. Lay Outstanding Loan Balance LOC...010821 5/712002 SO Confidential Treatment Requested Under FOlA LAY-SEC-I 000000191 Collateral Valuation Chase 21-Aug-01 Stock_Price Assumprions Enron 5.36.88 Cornpao Sl3.55 S 15.0 Million Non Purpose Credit Line FSTOCK Symbol Cenif. No. E.nron Corp ENE HC153831 Enron Corp ENE from PW Total ENE Compaq Shares 26,017 2~3.163 \alue Ownership S 959.507 Personai S ~.639.544 Personal S 8.599.051 96.9% CPQ 8B125523 ~2~Q20 S p1.000 Personal Total CPQ 20,000 S 271,000 3.1% Total Value of CoUateral S 8.870.051 LTV 80% AVAILABLE BALANCE. S6.652,539~ Funded (57.042.0001 REMAINING BALANCE. (5389,461) LOC..0 10821 8/712002 Confidential Treatmei~t Reques1e~ under FOIA LAY-SEC-I 000000192 Collateral Valuation Compass 21 -Aug~01 Stock Price Assumozion EnronS36.88~ Lil~~80.77 S 10.0 Million Non Purpose Credit Line STOCK Symbol Certif. No. Shares Ownership Eli Lilly LLY FC24922 5.000 Personal Eli Lilly LLY CNY18380 5 000 Personal Total LLY 10,000 807,700 Enron Corp ENE HC119322 7,690 Personal Enron Corp ENE HOl 19285 22.052 Personal Enron Corp ENE HC119286 1,751 Personal Enron Corp-Split ENE HC164652 1,751 Personal Enron Corp ENE HC7 19359 4,521 Personal Enron Corp-Split ENE HC164653 4,521 Personal Enron Corp ENE HC119360 7,792 Personal Enron Corp ENE HC127094 9440 Personal Total EWE 59.518 2,195,024 TOTAL $ 3,002,724 LTV 80% AVAILABLE BALANCE S2,402.179 Funded ~ks~4~sg3#~ REMAINING BALANCE (St087.692) AddItional Collateral Sanders Moms Harris (30% LTV. capped at S1,000.000) Total S 3,500,000 LTV 300/0 AVAILABLE BALANCE $ 1,000,000 Funded~;'~S0~ REMAINING BALANCE SLOOO,OO0 Confldcntial Treatment Requcsi~d under FOIA LAY.SEC'-1 000000193 26.9% 73.1% LOC..0rn821 8/7/2002 Personal - Secured LOC ($000) Enron LOC BA Chase Cornvass Total 500 3,616 54 (88) 4.083 Personal - Unsecured LOC ($000) BA 1,000 Chase 1,000 Compass 500 Total 2,500 Partnersh4~ - LOC ($000) Now BA PW (increasing from S750,000; should be effecnve next week) (increasing from $750,000; should be cffecr!ve next week) 257 (additional collateral should be in place early next week) waiting for the dust to clear but it is positive 257 at least this much Wizen shares settle at BA assuming yesterdays price of $48.34 BA* PW 2 1 Confidential Treatment Requested under FOIA LAY-SEC1 000000194 500,000 9,146,000 1,900.000 400,000