Scott V. Azl Resources Inc‪.‬

On October 1, 1979, Scott entered into a five-year employment agreement with Baca Grande to serve as the chairman and chief executive officer of Baca Grande, Angel Fire, and Breckenridge. The contract was signed by Scott M. Spangler who was then the president and chief executive officer of AZL. Scott's responsibilities were to assist in the development of three resort properties: Baca Grande, Breckenridge, and Angel Fire. The agreement required Scott to devote his full business time to these duties and not to engage in other business activities. In addition to his annual salary of $100,000, a clause in the contract granted Scott compensation for the "net-after-tax-profits" of the three resorts calculated and payable on a cumulative basis after January 1, 1980.