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DAN KERST, P.C. <br /> ATTORNEYS A PROFESSIONAL CORPORATION PARALEGAL <br /> DAN KERST ATTORNEYS AT LAW ELISABETH GETZEN <br /> dan @dankerstpc.com 823 BLAKE AVENUE,SUITE 202 egetzen @dankerstpc.com <br /> GLENWOOD SPRINGS,COLORADO 81601 <br /> KELLY CAVE TELEPHONE: (970)945-2447 <br /> kelly @dankerstpc.com FACSIMILE: (970)945-2440 <br /> December 28, 2007 <br /> Attn: Steven Biondo <br /> Colorado Conservation Board <br /> Department of Natural Resources <br /> 1580 Logan Street, Suite 750 <br /> Denver, CO 80203 <br /> Re: Loan Contract No. C150116 <br /> Estate of Bill Porter <br /> Our File#12534 <br /> Dear Board Members: <br /> I represent Marla Porter as the Personal Representative of the Estate of William Porter,a/k/a <br /> Bill Porter. As you may know, Bill Porter was killed in a tragic accident on the Porter Ranch on <br /> June 8, 2006. The estate involves a number of complex issues, including valuation and allocation <br /> issues. Bill was the moving force behind the reservoir and ranch operations and the family's sudden <br /> loss of his energy and expertise has required a transition in the operations which has been difficult in <br /> many ways, including it's impact on cash flow. In connection with finalizing the estate tax return, <br /> various decisions will be made regarding the mechanics of servicing the above referenced loan <br /> contract. <br /> In light of the significant hardship resulting from Bill's unexpected death, Marla Porter <br /> requests that the January,2008 payment,or at least the 2007 accrued interest,be waived and forgiven. <br /> In the event and to the extent that you are not willing to grant this relief, Marla requests a one year <br /> deferral of payment on the loan contract while the estate affairs are being settled. <br /> Your favorable consideration of this request will be greatly appreciated. Please advise me if <br /> you need additional information in this regard. <br /> Yo % y trul <br /> • <br /> • _ f <br /> KERST <br /> DK/bg <br /> t>:W1,Poner-ESBill\LTR CWCB.wpd <br />