Estate of Melvin W. Ballantyne, Deceased, Jean S. Ballantyne, Independent Executrix, and Jean S. Ballantyne - Page 11

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          agreement, Russell agreed to transfer $2 million to the estate to           
          be deposited in a trust account to be held in trust for the                 
          benefit of the estate pending the execution of certain releases             
          attached to the settlement agreement.  All interests in oil                 
          properties held on March 4, 1994, by BBP and/or Melvin or                   
          Russell, individually, jointly, or as tenants in common, were               
          divided equally between the estate and Russell.  Various bank and           
          stock accounts held in the name of BBP and Melvin and Russell               
          were to be closed within 30 days with the assets’ being                     
          distributed equally between the estate and Russell.13  All debts            
          owed by Verde Oil Company to BBP on or after March 4, 1994, were            
          assigned to the estate.  The estate agreed to drop its                      
          embezzlement loss claim against Russell, and the parties                    
          stipulated that all grain, and any proceeds therefrom, held on or           
          after November 1993 in the name of BBP were to be the sole                  
          property of Russell.  Finally, the parties stipulated that,                 
          subject to the terms and conditions stated in the settlement                
          agreement and stipulations of ownership, all assets and                     
          liabilities of BBP held on or after March 4, 1994, would be the             
          sole property of Russell.                                                   
               After Melvin’s death, Mr. Feldmann received information                
          regarding the oil and gas activity primarily from Carolyn                   

               13Title and possession of three vehicles were transferred              
          from BBP to Jean Ballantyne.                                                

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