From: Subject: Date: To: Cc: Brandt Vawter Brandt.Vawter@clo.ok.gov Re: White Star Settlement offer - 9.25.19 September 25, 2019 at 4:36 PM Jennifer Tupps Jennifer.Tupps@clo.ok.gov Brian Heanue Brian.Heanue@clo.ok.gov, Steve Diffee Steve.Diffee@clo.ok.gov, Bennett Abbott Bennett.Abbott@clo.ok.gov Thank you Jenn, per our phone conversation please proceed with the settlement as outlined below. Brandt On Sep 25, 2019, at 4:20 PM, Jennifer Tupps wrote: Hello, I spoke with Clay Ketter, who passed along an offer of settlement from White Star’s counsel. White Star has reviewed Brian’s calculations and believe that the FERC price is a little high. They are proposing to discount the claim to 85% to resolve it. Our claim is for $207,233.62. 85% of that is $176,148.57. The hearing is tomorrow at 10am. I would advise that the CLO accept the offer, as it is almost certainly more than we would recover in bankruptcy. If we do accept the offer, we can announce the settlement to the Court tomorrow morning. I will await your decision in this matter before proceeding. Thank you, Jenn Jennifer Tupps Assistant General Counsel Commissioners of the Land Office 204 N. ROBINSON, SUITE 900. OKLAHOMA CITY, OK 73102 (405) 521-4076 (office) • (405) 521-4444 (fax)