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        <NamePerson>MICHAEL E BUCK</NamePerson>
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          <NamePerson>Charles Travis Barton</NamePerson>
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        <Relationship>Son of the CFO</Relationship>
        <AmountOfTransaction>48865</AmountOfTransaction>
        <DescriptionOfTransaction>Employment</DescriptionOfTransaction>
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        <ReturnReference>FORM 990, PART VI, LINE 6 AND LINE 7A &amp; B</ReturnReference>
        <Explanation>THE ORGANIZATION'S MEMBERS PURCHASE ELECTRIC ENERGY FROM THE COOPERATIVE. EACH MEMBER IS ENTITLED TO ONE VOTE. CHANGES TO THE ARTICLES OF INCORPORATION AND BYLAWS REQUIRE A MAJORITY VOTE BY THE MEMBERS. IN ADDITION, THE MEMBERS ANNUALLY HOLD A MEETING TO ELECT TRUSTEES, AND TO TRANSACT SUCH OTHER BUSINESS THAT MAY COME BEFORE THE MEETING. UPON DISSOLUTION OF THE COOPERATIVE, AFTER ALL DEBTS AND LIABILITIES HAVE BEEN PAID AND ALL CAPITAL FURNISHED THROUGH PATRONAGE HAS BEEN RETIRED, THE REMAINING PROPERTY AND ASSETS OF THE COOPERATIVE SHALL BE DISTRIBUTED AMONG THE MEMBERS AND FORMER MEMBERS IN PROPORTION TO THEIR PATRONAGE.</Explanation>
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      <GeneralExplanation>
        <Identifier>2</Identifier>
        <ReturnReference>FORM 990, PART VI, LINE 11</ReturnReference>
        <Explanation>THE FORM 990 WILL BE SENT VIA FIRST CLASS MAIL OR EMAIL TO THE BOARD OF TRUSTEES FOR REVIEW.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
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        <Explanation>A CONFLICT OF INTEREST POLICY IS REQUIRED TO BE COMPLETED BY ALL BOARD MEMBERS ANNUALLY.</Explanation>
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      <GeneralExplanation>
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        <ReturnReference>FORM 990, PART VI, LINE 15</ReturnReference>
        <Explanation>IN MARCH 2011, THE BOARD OF TRUSTEES MET TO DISCUSS THE CEO'S ANNUAL EVALUATION AND TO DETERMINE THE CEO'S COMPENSATION. THE MEETING WAS DOCUMENTED IN THE BOARD OF TRUSTEE'S MEETING MINUTES.</Explanation>
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      <GeneralExplanation>
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        <Explanation>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
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        <ReturnReference>FORM 990, PART XI, LINE 5</ReturnReference>
        <Explanation>PATRONAGE CAPITAL REFUNDS (2,565,627) OTHER 90</Explanation>
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