IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE

In re: Cordillera Golf Club, LLC, 1 dba The Club at Cordillera Debtor. Chapter 11 Case No. 12-11893 (CSS)
Ref. Docket No.: 5

ORDER (I) AUTHORIZING DEBTOR TO (A) HONOR ALL OBLIGATIONS UNDER THE CLIENT SERVICES AGREEMENT FOR PAYMENT OF PREPETITION EMPLOYEE WAGES AND FOR CERTAIN EMPLOYEE BENEFIT PROGRAMS AND TO CONTINUE TO HONOR SUCH OBLIGATIONS IN THE ORDINARY COURSE OF BUSINESS, AND (B) MAKE PAYMENTS IN CONNECTION WITH CERTAIN OTHER PREPETITION EMPLOYEE BENEFIT PROGRAMS AND TO CONTINUE THE EMPLOYEE BENEFIT PROGRAMS IN THE ORDINARY COURSE OF BUSINESS; AND (II) AUTHORIZING APPLICABLE BANKS AND OTHER FINANCIAL INSTITUTIONS TO HONOR AND PAY ALL CHECKS AND TRANSFERS DRAWN ON THE DEBTOR'S ACCOUNTS TO MAKE THE FOREGOING PAYMENTS
Upon the Motion2 of the debtor and debtor in possession in the abovecaptioned case (the "Debtor") for entry of an order: (a) honor any and all obligations under the Client Services Agreement (as defined below) for payment ofprepetition wages and salaries, and other compensation owed to the Debtor's Employees (as defined below), subject to a cap of$11,725 per individual pursuant to section 507(a)(4) ofthe Bankruptcy Code (the "Cap") and for payment of certain other employee benefit programs and to continue to honor such obligations in the ordinary course ofbusiness; and (b) make any and all payments in connection with certain other employee benefit programs provided directly by the Debtor and to continue to honor such obligations in the ordinary course of business; and (ii) authorizing applicable banks and other financial institutions to honor and pay all checks and transfers
1 The Debtor in this chapter II case, and the last four digits of its employer tax identification number, is: XXXXX1317. The corporate headquarters address for the Debtor is 97 Main Street, Suite E202, Edwards, CO 81632.

Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Motion.
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drawn on the Debtor's accounts to make the foregoing payments; and upon consideration of the Motion and all pleadings related thereto, including the First Day Declaration; and due and proper notice of this Motion having been given; and it appearing that no other or further notice is required; and it appearing that the Court has jurisdiction to consider the Motion in accordance with 28 U.S.C. 157 and 1334; and it appearing that this is a core proceeding pursuant to 28 U.S.C. 157(b)(2); and it appearing that venue of this proceeding and this Motion is proper pursuant to 28 U.S.C. 1408 and 1409; and it appearing that the relief requested is in the best interest of the Debtor, its estates, and creditors and after due deliberation, and sufficient cause appearing therefor, IT IS HEREBY ORDERED THAT: 1. 2. The Motion is granted. The Debtor is authorized, but not directed, to continue to honor and

pay in the ordinary course any and all prepetition amounts relating to Client Services Agreement, provided, however, that no Employee shall receive payments on account of unpaid Wages or Employee Benefits in excess of the Cap. 3. The Debtor is authorized, but not directed, to continue to honor and

pay any and all payments in connection with the Employee Benefits in the ordinary course and in accordance with their prepetition practices and policies. 4. The Debtor is authorized to continue to make any and all payments

associated with the Workers' Compensation Program and any obligations related to the Workers' Compensation Program, including, among other things, maintaining insurance coverage and allowing workers' compensation claimants, to the extent they hold valid claims, to proceed with their claims under the Workers' Compensation Program.

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5.

The Debtor's banks and financial institutions are authorized to process

and honor all other checks and transfers drawn on Debtor's accounts issued for payments approved by this Order and/or reissue checks for any payments approved by this Order as needed, to the extent the bank or financial institution may have honored any prepetition checks or transfers prior to the Petition Date, such honoring is hereby ratified. 6. Nothing in this Order shall be construed as impairing the Debtor's

right to contest the validity or amount of any obligations related to the Client Services Agreement or the Debtor's Employees. 7. Nothing in the Motion shall be deemed a request by the Debtor for

authority to assume any executory contract pursuant to section 365 of the Bankruptcy Code, including but not limited to the Client Services Agreement. 8. The fourteen-day stay under Fed. R. Bankr. P. 6004(h) is hereby

waived with respect to this Order and the terms and conditions of this Order shall be immediately effective and enforceable upon its entry. 9. Bankruptcy Rule 6003(b) has been satisfied because the relief

requested in the Motion is necessary to avoid immediate and irreparable harm to the Debtor. 10. This Court shall retain jurisdiction with respect to all matters arising

from or related to the implementation of this Order.

Dated: Wilmin~n, Delaware June 7. , 2012

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