719 xx December Dear 20, Carrie 1961 and Joe, I received your letters of December 15, 1961 and am considerably embarrassed since I would Like very much to oblige you in any way possible and certainly understand your reasons for wishing to have some of your stock sold by a donee rather than by yourselves. We have, however, filed the registration statement with the Securities Exchange Commission, in which the selling stockholders and It is a considerable the amount of stock to be sold is set forth. legal, accounting, and printing chore to file such a statement and if the identity of the sellers is changed we must amend it to that effect, Further, we may be required to which will entail delay and confusion. reprint our prospectuses and recircularize the new version throughout the country. our Far more serious than these mechanical annoyances, however, attorneys advise us that if we allow you to revoke the power of attorney for the shares contracted you have out I would by withdrawing as you request, to sell same + if must give every other selling stockholder the can imagine the confusion this might engender to change his mind. we opportunity. everyone were You invited would help certainly appreciate it therefore the requests you have made. if you As an alternative, could I suggest that since you have indicated to me that you will probably sell your remaining shares of stock also after the issue has been made public, that you give some of these shares - those you have not presently contracted to sell - to the These organizations can then church organizations you have selected. sell the shares on the open market ninety days after the stock has been issued. There would be little trouble involved in transferring the shares which you are not selling, since the powers of attorney you have given do not cover these, except to the extent that you covenanted not to sell them until 90 days after the date of public issue. I hope this can be of some help to you. - Leve, Val Mr. & Mrs. Jos. &£. P. 0. Box 88 St. George, Utah dhb Olsen, Sr. A. Browning