Lehman Brothers Holdings Inc. (fka LEHMQ)

[Joe Stocks]

$250 mil buys you at Lehman...
Here's what $250 mil will buy you at Lehman's. Seems like there is a lot more than $250 mil here.

Under the terms of a 47-page Asset Purchase Agreement dated
September 16, 2008 -- a full-text copy of which is available at
http://bankrupt.com/BarclaysAPA.pdf at no charge -- Lehman
Brothers Holdings Inc., non-debtor Lehman Brothers Inc., and LB
745 LLC agree to sell to Barclays Capital Inc.:

these Included Assets:

(a) $1,300,000,000 of Retained Cash held by Lehman Brothers
Inc. and its Subsidiaries;

(b) all customer, security, utility, and similar deposits;

(c) Transferred Real Property Leases;

(d) approximately $70,000,000,000 (at book value) of
government securities, commercial paper, corporate debt,
corporate equity, exchange traded derivatives and
collateralized short-term agreements;

(e) 50% of each position in the residential real estate
mortgage securities;

(f) furniture and equipment;

(g) Purchased Intellectual Property, including the LEHMAN
and LEHMAN BROTHERS names and marks, all patents,
trademarks, copyrights and software rights;

(h) Purchased Contracts;

(i) all relevant Business Documents and relevant personnel
files;

(j) all Permits to the extent assignable;

(k) all supplies;

(l) rights under relevant non-disclosure, confidentiality,
non-compete, non-solicitation and similar agreements;

(m) [intentionally omitted]

(n) rights to "Lehman" indices and analytics that support
the indices;

(o) general trading tools supporting the Business;

(p) interests in Townsend Analytics;

(q) interests in Eagle Energy Management LLC;

(r) all past and present goodwill and other intangibles
associated with or symbolized by the Business;

(s) Mercantile Exchange license agreements with respect to
335 South LaSalle Street and 400 South LaSalle Street in
Chicago; and

(t) any insurance proceeds from the occurrence of a post-
closing event;

but not these Excluded Assets:

(1) interests in affiliates other than Townsend Analytics
and Eagle Energy Management LLC;

(2) all cash other than the Retained Cash;

(3) intercompany receivables;

(4) Excluded Contracts;

(5) intellectual property rights that don't constitute
Purchased Intellectual Property;

(6) confidential personnel and medical records and books and
records that Lehman Brothers Inc. is required to retain
by law, corporate minute books, stock ledgers and stock
certificates of Subsidiaries;

(7) refunds, rebates and tax refunds;

(8) non-SIPC insurance policies;

(9) pre-closing dates claims and causes of action;

(10) commercial real estate investments, private equity
investments and hedge fund investments;

(11) 50% of each position in residential real estate mortgage
securities;

(12) Lehman Brothers Derivative Products Inc.'s derivatives
contracts;

(13) artwork (through Barclays will have the right to possess
the artwork for one year and will have the option to
purchase it at its appraised value);

(14) assets related to the Investment Management Business and
related derivatives contracts;

(15) Specific Excluded Assets that will be used to satisfy
Specific Excluded Liabilities;

(16) real property leases other than the Transferred Real
Property Leases; and

(17) assets of Lehman Commercial Paper Inc.

pursuant to 11 U.S.C. Sec. 363 for the sum of:

(A) $250,000,000 in cash;