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Page 2 <br /> Scott & Candy Snook <br /> Dispute Resolution Offer <br /> June 20, 2003 <br /> -� `V/ <br /> As an alternative to taking civil legal court action against both of you, with both parties likely incurring <br /> many thousands of dollars of attorney and court costs, we offer to you at this time only; a non -cash, out of <br /> court settlement opportunity. We are aware that Scott continues to suffer from declining health and have <br /> heard those issues make continued employment within his field of expertise more difficult for him, <br /> and we are truly saddened. We would prefer not to add additional stresses to your lives during your <br /> difficult times and have taken these issues into consideration while deciding on this resolution offer to you. <br /> Please understand that the case file at the Department of Justice on Emerald Valley BMX is not closed. <br /> Our Executive Board is bound by law to a fiduciary responsibility and must take action that is in our <br /> organizations best interests. To fulfill our responsibilities as an organization, we are required to resolve our <br /> discrepancies with you and report the outcome to the Department of Justice so that the case file may be <br /> closed. We must act under the prerequisite that our offer of settlement to both of you is in the best interests <br /> of Emerald Valley BMX, is principled, and consistent with the advice of our legal counsel. Therefore, our <br /> preferred option as this time is to resolve our disputes directly with you and try to avoid expensive legal <br /> actions. We desire to avoid additional public exposure of these matters and the potentially negative <br /> repercussions to our sport, our organization and yourselves that may occur from a civil legal court action. <br /> We hope you agree and accept this offer for settlement. This offer for settlement expires Friday, June 27 <br /> 2003. <br /> Sincerely, <br /> Emerald Valley BMX Executive Board <br /> Enc., 1) State of Oregon/Department of Justice Audit Report; dated April 10, 2002. <br /> 2) Emerald Valley BMX By -Laws; as revised and adopted January 1, 1995. <br /> 3) Snook Management Contract; dated October 3, 1996. <br />