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OFFICE OF GENERAL COUNSEL <br /> MID-CONTINENT RESOURCES, INC. <br /> P.O DRAWER 790 <br /> M COLORADO AVENUE <br /> TELEPHONE GLENWOOD SPRINGS,COLORADO 81602 FAX <br /> AREA CODE 303 AREA CODE 303 <br /> 945.6546 <br /> 945-2303 <br /> July 26, 1991 <br /> M E M O R A N D U M <br /> TO: Board of Directors <br /> RE: H2O - Clint Holman Prosecution <br /> Milt Blakey, District Attorney, called me to discuss <br /> disposition of the fraud and theft charges preferred against Clint <br /> Holman and his wife in connection with their conversion and <br /> disposition of funds of about $145, 000 paid over for water <br /> treatment plant by Mid-Continent Resources. <br /> As Milt explained, a plea bargain arrangement has been <br /> worked out whereby Holmans will plead guilty, the sentence will be <br /> deferred, and they will be required to do 1,000 hours each of <br /> public service and to make restitution at $500 per month until they <br /> have paid $24, 000, which will extend over a period of about four <br /> years. <br /> Milt explained that the money we paid to Holmans had <br /> actually been used primarily for the payment of other debts, <br /> particularly to the IRS for payroll taxes they had not paid. <br /> I told Blakey I thought this was a good disposition of <br /> the case and they had done a conscientious job in preparing it for <br /> prosecution. <br /> Sincerely, <br /> MID-CONTINENT RESOURCES, INC. <br /> BY ' t � - <br /> Robert Delaney <br /> Exec. Vice Preside and <br /> General Counsel <br /> RD/lta <br />