Case:12-24882-ABC Doc#:310 Filed:07/31/12

Entered:07/31/12 15:51:51 Page1 of 1

IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF COLORADO The Honorable A. Bruce Campbell

In re: CORDILLERA GOLF CLUB, LLC, Debtor.

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ORDER APPROVING (I) THE DEBTOR'S DESIGNATION OF ALFRED H. SIEGEL AS CHIEF RESTRUCTURING OFFICER, AND (II) RETENTION AND EMPLOYMENT OF CROWE HORWATH, LLC, NUNC PRO TUNC TO THE PETITION DATE This matter came on for final hearing on July 30, 2012, on the Debtor's Motion for an Order, Pursuant to Sections 105 and 363 of the Bankruptcy Code and Bankruptcy Rule 6003, Authorizing and Approving (I) the Debtor's Designation of Alfred H. Siegel as Chief Restructuring Officer, and (II) Retention and Employment of Crowe Horwath, LLC, nunc pro tunc to the petition date, as supplemented by the Debtor on July 24, 2012 at Docket #230 ("Motion"), the Objection and Supplemental Objection filed by the Official Committee of Unsecured Creditors, the Objection of Cordillera Metropolitan District and Cordillera Property Owners Association, Inc., and the Objection and Reply of Cheryl M. Foley et al., Individually and as Representatives of a Certified Class of Members. The Court has considered the Motion, the objections, and the file in this matter, and has considered the arguments of counsel made at the hearing. Based on the foregoing it is ORDERED that the Motion is granted, and Alfred H. Siegel and Crowe Horwath, LLC (the "Professionals") may be employed by the Debtor upon the terms contained in the Motion, subject to the conditions and qualifications stated in open court, including specifically the following: (a) the Professionals may be dismissed without cause and without penalty to the bankruptcy estate if a Chapter 11 trustee is appointed on the pending motion; (b) the indemnity provisions of the agreements under which the Professionals are employed shall not extend to adjudicated claims based on wrongful or negligent conduct of the Professionals; and (c) the confidentiality provisions of the agreements under which the Professionals are employed shall not extend to matters beyond those which are protected from disclosure under the Bankruptcy Code and Federal Rules of Bankruptcy Procedure as privileged communications, work product, or proprietary information. DATED: July Zli_, 2012 BY THE COURT

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Case No. 12-24882 ABC Chapter 11

United States Bankruptcy Judge