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Steering Team Meeting Wednesday, January 3

Steering Team Meeting Wednesday, January 3. Mary Kole ... email: mlko@chevron.com cell: 713 569 0606 voicemail: 713 754 4728 Marty Stetzer … email: marty.stetzer@us.pwcglobal.com cell: 713 419 6912 voicemail: 713 356 4164

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Steering Team Meeting Wednesday, January 3

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  1. Steering Team MeetingWednesday, January 3 Mary Kole ... email:mlko@chevron.com cell: 713 569 0606 voicemail: 713 754 4728 Marty Stetzer … email:marty.stetzer@us.pwcglobal.comcell: 713 419 6912 voicemail: 713 356 4164 Amanda Diaz … email: amanda.diaz@us.pwcglobal.comcell: 832 754 3368 voicemail: 713 356 5224 The New Industry Model --The Book Club --

  2. Welcome! • Steering Team Members ... Cliff Cook … Andy Esterer … John Fitzgerald … Dave Kirshner … Mary Kole … Ray Kurkjy … Gretchen Watkins…Herb Whitney … Hal Zesch • Extended Steering Team Members … Don Hinderhofer … Doug Gleason … Tom Nichta … Marty Power … Eric Schlueter … Bob Werner • Legal Counsel …David Ivey, Steve Van Heyde • Legal Liaison …Tommy Stuchell • Work Team Leaders ... Marty Stetzer, Wilson Haddow, Chuck Chakravarthy, Shannon Johnson, Eric Rich, Randy Boelkes, Amanda Diaz 2

  3. Today’s Agenda(all times in CST) 1:00 Welcome, Roll-call, Housekeeping 1:10 Week’s Theme, Newsworthy Events, Results 1:20 Today’s Key Note Topics: • Introduction to Business Case Economics • Introduction to Investor Options • What to do after January 24th to rapidly achieve benefits 3:00 Preview of Coming Attractions 3:15 Wrap-Up 3:20 Done! 3

  4. Highlights and Results:Week 12 (This Week) • Theme: “ The Home Stretch ” • Governance is the Subject, Highlights: • Business conference feedback positive • ST & AC Meetings led to this meeting • Defining options to rapidly achieve benefits 4

  5. NewCo Economics - Base Case …Wilson Haddow, Chuck Chakravarthy, Randy Boelkes... • Base Case Economics & Assumptions 5

  6. NewCo Economics - Sensitivities …Wilson Haddow, Chuck Chakravarthy, Randy Boelkes... • Upside Case Economics & Assumptions 6

  7. NewCo Economics - Sensitivities …Wilson Haddow, Chuck Chakravarthy, Randy Boelkes... • Downside Case Economics & Assumptions 7

  8. Investor Options…Wilson Haddow, Chuck Chakravarthy... 8

  9. Phased Rollout Strategy…Eric Rich, Marty Stetzer... Assumptions: • The Phased Rollout timetable starts after Vendor Selection • Benefits ramp up 12 months after Vendor Selection • IT strategy is a hybrid of “buying” and “building” • Enough client resources are available to implement in multiple, parallel tracks • The Rollout Strategy is focused only on the Primary Offerings • Each Rollout Stage delivers all 6 essential elements related to the functionality provided in that Stage: • Communication / Messaging • Standards • Translation • Security • Business Rules / Validation • Data Management 9

  10. Key Assumptions Driving Options …Eric Rich, Marty Stetzer Work to select & award to IT vendors is 90-120 days • Vendor capabilities include: • Application software • Outsourcing &/or ASP • Integration software • Communication • Middleware • Typical decision steps include: • Detailed requirements • RFI/RFP process • Proof of concept, site visits, orals • Final recommendation • Contract negotiations • Select Integration Contractor(s) 10

  11. What Happens after Jan 24thThree Options Tabled with ST & AC NewCo Formed NewCo Formed LLC with Seed Money February March April-July ($350,000 B&H) $300,000 -Participation Options -Vendor Selection Prep $300,000 -Funding Roadshows -Vendor Selection Prep Option 1 “Phase 1A” ------------ Option 2 “From a Club to a Company” ------------ Option 3 “All the Answers” -Definitive Agreement -Start Up Activities -Vendor Selection (90 days) ($350,000 B&H) $300,000 -Funding Roadshows -Participation Options -Definitive Agreement -Start Up Activities Aug-Sept ($350,000 B&H & PwC) ($XXXX PwC & others) $300,000 -Seed Funding Roadshows -Participation Options NewCo Formed -Definitive Agreement -Standards -Start Up Activities -Detailed Requirements -Vendor Selection -Award & PIK Negotiation -E/Steering Team Approval 11

  12. ST Buddy Systemobjective: Develop in-depth understanding of economics A gentle reminder … call those MIH’s 12

  13. Preview of Coming Attractions NOTE: Extended Steering Team (EST) in all meetings scheduled for last week of January • Key-Dates: • Monday, January 22: EST Dinner + Meeting 8:00 - 11:00 pm • Tuesday, Jan 23: EST Meeting(s) • Morning: General Q/A session • Afternoon: Individual company Q/A session • Wednesday, Jan 24: AC Meeting all day • LOCATION: Conoco offices in West Houston • Rooms reserved at the Omni (old Marriott)on Eldridge 13

  14. Meeting Wrap-Up • Meeting   14

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