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.• •i <br />Page 2 <br />of business March 19, 2001. If Powderhorn succeeds it <br />obtaining such substitute surety, DMG will cooperate by <br />appearing at any hearing in Lexington, Kentucky, to secure <br />Bankruptcy Court approval of the substitute surety arrangement, <br />including a partial priming of the Lender Group's lien. <br />II. <br />In your January 10 letter, you asserted that Powderhorn <br />would "press" Frontier for an "alternative form of financial <br />assurance." Please identify the steps Powderhorn will take to <br />obtain such alternative form of financial assurance from <br />Frontier, and identify the persons whom you or Powderhorn <br />ihtends to contact at Frontier in that effort.z Please submit <br />reports to us every two weeks, commencing on January 26, 2001. <br />P.lso every two weeks, commencing on January 26, 2001, <br />please submit the following information: (a) identify each of <br />the specific sureties which Powderhorn has contacted, and, with <br />respect to each such potential surety: (b) identify the <br />person(s) whom Powderhorn contacted, (c) state the nature of the <br />proposed financial arrangement with the potential surety <br />(including the collateral, if any, to be given to the potential <br />surety), (d) state the percentage of the 52.6 million obligation <br />which that potential surety would cover, and (e) state the date <br />on which you or Powderhorn contacted the potential surety. <br />You promised to provide such contac*_s: "A list of these <br />contacts along with status will be maintained." <br />Please submit fortnightly reports to the following <br />addresses by fax and hard copy: <br />Cheryl A. Linden, Esq. <br />Assistant Attorney General <br />1525 Sherman Street, St" Floor <br />Denver, CO 80203 <br />cc^ax: (303) 866-3558 <br />Robert D. Clark, Esq. <br />Assistant Attorney General <br />1525 Sherman Street, 5`" Floor <br />Denver, CO 80203 <br />Fax.: (303) 865-5671. <br />'By identify, we mean the interrogatories definition of "identify"; i. e, <br />please give the name, title, address, telephone number (including direct line <br />numbed , and far, number of *_he person. <br />