Collateral I.'alualion - Stun ni auy StacA Prite Assu~npIions as of 23-Aug-01 j I~nro,, S36.96 Co.mpaq $13.00 Eli Lilly $82.44 I BA I Chase I Conwass ~ I 80.0% 80.0% 80.0% Original LOC $40,000,000 Oulsisadhig $10,729,392 Current LIV MkI Va?. Collateral Collateral Req. Excess Q.)elicit) Borrowing Poweri 60.4% $l7,778,57I SIIAliJ4~ $4,366,831 SI 5,000,000 $7,042,000 79.3% $8,877,704 $~,~Q2 500 $75,204 S 10,000,000 $3,489,871 53.5% $6,524,185 $3.4i.~j4~ $15,000,o00 I 81.5% $18,400,000 Total for BA, Chase, # Compass I ~ Original [tiC Outstanding Available LInel $750,000 $0 $1,000,000 $0 $500,000 $0 $0 $2,250,000 5(1 So $750,OOOj $1,000,000 J 5500,000 $0 $2,250,000 Allocation of Collateral for Secured LOC 13A Chase Con) ass FU 97.1% 72.7% 24.3% 2.9% 0.0% 0.0% 0 0% 27.3% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 100.0% 100.0% 100.0% * fompass LLIL' has 80% LTJ' on all liquid assets held as collateral; the eiceplion as the Sanders' acoutit whirl, consists of allaquid assets that c'ompass offers the lesser of- JO% L1V or Jim,,. I.( t(01082J AI7I2tK)2 LIV I Total 8(i.0% $36,261,263 I $51,580,460 S25 633 588 $4,442,035 s5,000,000 78 1% Sfri')8,885 148,8115 I $3,4113,l05J Cr1 0 0 I..) a ~. ~ira a 0- ~. ra ~'1 - Enron (7oenpai liii Lilly Etif I TCW S5.967,2b9 Collateral Valuation - Sunaiiaa,y Stock Price Assuitaptivias as of 23-Aug-01 [Oil $20.35 Enron $36.96 TCW - Select $15.96 Compaq $13.00 1CW - Aggr. SI 3.78 liii Lilly $82.44 TCW - Small $17.93 BA I Compass I 80.0% 80.0% Original LOC Oulslandlaig Current Liv Mk. Val. Collateral Collateral Req. Excess (Deficit) $10,000,000 $3,000,000 $6,973,000 $670,000 79.8% S8,736,349 $8.7 36.250 $20,099 72.5% $924,000 $837 .500 $86,500 B orro wing i'owerl union Compaq Eli Lilly EOT[ iCW $36,079 I $69,200 I 100.0% I $~S,279 I 1000% tAlC_OttJO23 811/2002 LTV PU I Total I $3,821,064 ~15 $11,000,000 $9,464,064 $9,660,349 $9,553 .7 50 $306,599 no .0 ~ c ~ a (A - a 0. n-I -, a '11 Allocation of Collateral BA Coin ass FU 25.4% 3 00.0% ~16.8% 0.0% 19.1% 0.0% 1.2% 00% 37.5% 0.0% C) 0 0 0 0 0 t~.) 0 L,J Collateral Valuation Bank of Amerzco Stock Price assumptions 3.Aug..OI Enron 536.96 TOW. Seject S 15.86 Compaq S13.OO TCW-Agg 511.78 Eli Lilly $82.44 TOW~ Small S17.93 EO1¶' $20.35 Outstanding Loan Balance S1O.729..392 Collateral Pledged Shares Value Enron Corp. 364,157 S13,459.243 Compaq Computer 332.256 Total Market Value of Collateral S17.778.S71 Less: Collateral Required (80% LTV) 6O,.3S~/o 513.411,740 ~ Excess (Deficit) Collateral 54.366.831 Borrowing Power S3,493.465 Available to Borrow S3,493,465 S O~. e~asi I . d. Outstanding Loan Balance S6,973.OOO Collateral Pledged Shares Value Compaq 113,064 $1,469,832 Eli Lilly & Co. 20,220 $1,666,937 EOTT Energy Parmers 5,000 $101,750 TOW Galileo Select Equities 131,738 52,089,365 TOW Galileo Ag~essive Growth 37,949 $447,039 TOW Small Cap Growth 41,485 $743,826 Enron Corp. (includes additional 25,000 shares) 60,000 52.2 17.600 Total Market Value of Collateral S8.736,.349 Less: Collateral Required (LTV 80%) 79.82% 58.716,250 Excess (Deficit) Collateral SZD,099 Borrowing Power 516,079 Available to Borrow 516,079 Confidential Treatment Requested under FOIA LAY-SEC-I 000000204 7570' 24.3% 100.0% 16.8% 19.1% 1.2% 23.9% 5.1% 8.5% 25.4% 100.0% LOC..O~O823 BflI2002 Collateral Valuation Bank o/ArnerLca in a. . enet -- Outstanding Loan Balance ~~O.OOO Collateral Pledged Shares Value Enron Corp. 173,130 S6.39S.885 Total Market Value of Collateral 56398.885 Less: Collateral Required (800/a LTV) 751% 56.250.000 Excess (Deficit) Collateral 5148.885 Borrowing Power 5119.108 Available to Borrow S119.108 S750.000 Line of Credit (Unsecured~ UNIQ Kenneth L. & Linda P. Lay Outstanding Loan Balance L0C010S23 8/7/2002 Confademial Treatment Requested under FOJA LAYSECI 000000205 so Collateral Valuation Chase 23-Aug-01 Stock Pnce i4ssumpnons Enron S36.96 Corn~a~ S13.O0 S 15.0 Million Non Pumose Credit Line L~2~.K Symbol Cerdf. No. Enron Corp ENE HCIS3S31 Enron Corp ENE from PW Total ENE Shares 26.017 2.33.163 Value S 96~.58S $ ~656.1l6 S S.617.704 Oi~nership Personal Personal 97 ~% CPQ BB125523 ~ 5 260.000 Personal Total CPQ 20,000 S 260.000 2.9% Total Value of Collateral S 8.877.704 LTV 80% AVAILABLE BALANCE S6.6S84.7&~ Funded (S7.042.000~ REMAINING BALANCE: (S383,7 LOC...O~0823 81712002 Confidential Treatment Requested under FOIA LAY-S EC- 1 000000206 Compaq Personal - Secured LOC (5000) Eriron LOC Pw BA Chase Compass Total 500 3,493 60 (71) 3.983 Personal - Unsecured LOC ($000) BA 1,000 Chase 1,000 Compass 500 Total 2,500 (increasing from $750,000; should be effective next week) (increasing from $750,000; should be effective next week) Partnership - LOC ($000) Now BA' Pw 9 257 (additional collateral should be in place early next week) waiting for the dust to clear but it is positive 257 at least this much When shares settle at BA assuming yesterdays price of 343.3 4 BA' 16 pw 16 Confidential Treatment Requested under FOIA LAYSEC..J 000000208 500,000 9,146,000 1,900,000 400,000