Document:

<PAGE>   1
                                                                   Exhibit 10.17

                                ESCROW AGREEMENT

         ESCROW AGREEMENT, effective as of the ___ day of March, 2001, by and
among certain of the shareholders listed on Exhibit A to this Escrow Agreement
(the "Shareholders" or "Shareholder") of GLACIER CORPORATION, a Delaware
corporation (the "Company"), SCHNEIDER SECURITIES, INC. (the "Representative")
and COMPUTERSHARE TRUST COMPANY, INC. (the "Escrow Agent").

         WHEREAS, the Shareholders are the record and beneficial owners of
ceratin of the Company's $.0001 par value common stock ("Common Stock") all as
more fully reflected on Exhibit A to this Escrow Agreement;

         WHEREAS, the Company and the Representative of the several underwriters
(the "Underwriters") intend to enter into an underwriting agreement (the
"Underwriting Agreement") pursuant to which the Company will sell Common Stock
in a public offering pursuant to the registration provisions of the Securities
Act of 1933, as amended (the "1933 Act");

         WHEREAS, as a condition to closing the proposed public offering of the
Company (the "Offering"), the Representative has required the Shareholders to
deposit an aggregate of 500,000 shares of Common Stock owned by such
Shareholders in Escrow with the Escrow Agent as reflected on Exhibit A (the
"Escrow Shares"); and

         WHEREAS, the Shareholders wish to deposit the Escrow Shares in Escrow
in order to fulfill the requirements of the Underwriting Agreement.

         NOW, THEREFORE, in consideration of the premises and of the mutual
covenants, terms and conditions hereinafter set forth, the parties to this
Escrow Agreement agree as follows:

         SECTION 1. DESIGNATION AND DEPOSIT OF ESCROW SHARES.

                  a. The Escrow Shares to be deposited in Escrow pursuant to
         this Escrow Agreement consist of 500,000 shares of Common Stock of the
         Company and are owned of record as of the date of this Escrow Agreement
         by the Shareholders identified on Exhibit A.

                  b. On the date on which the Securities and Exchange Commission
         declares the Company's Registration Statement on Form S-1 (Reg. No.
         333-_____) effective under the 1933 Act (the "Effective Date"), the
         Shareholders shall deliver to the Escrow Agent any and all certificates
         representing the Escrow Shares and a stock power endorsed in blank with
         a medallion guarantee. Promptly after the Effective Date, the Escrow
         Agent shall deliver a receipt therefor and, if requested by a
         Shareholder, a new certificate representing each Shareholder's share of
         Common Stock represented by the certificates delivered but which are
         not subject to this Escrow Agreement.

         SECTION 2. TITLE OF ACCOUNT. All certificates representing the Escrow
Shares delivered to the Escrow Agent pursuant to this Agreement shall be
deposited on the Effective Date
<PAGE>   2
by the Escrow Agent in an account designated
substantially as follows: "Glacier Corporation Escrow Share Account" (the
"Escrow Account").

         SECTION 3. TRANSFER OF ESCROW SHARES DURING ESCROW PERIOD.

                  a. During the Escrow Period (as defined below) none of the
         Escrow Shares deposited in the Escrow Account shall be sold, pledged,
         hypothecated or otherwise transferred or delivered out of the Escrow
         Account except:

                           i.  transfers by operation of law;

                           ii. transfers of ownership certificates representing
                  the Escrow Shares, certificates for which have been deposited
                  to the Escrow Account, shall remain subject to the
                  restrictions imposed hereby, including those persons, if any,
                  who become holders, by any means provided herein, of the
                  Escrow Shares during the Escrow Period.

         SECTION 4. DURATION OF ESCROW PERIOD.

                  a. The Escrow Period shall commence on the Effective Date and
         shall terminate on the earlier of the date on which all Escrow Shares
         have been returned to the Shareholders pursuant to Sections 6(a), 6(b),
         6(c) or 6(d) below.

                  b. This Agreement shall be of no force or effect in the event
         the Underwriting Agreement is not executed on the Effective Date in
         accordance with its terms.

         SECTION 5. RECEIPT OF DISTRIBUTIONS AND DIVIDENDS. During the term of
the Escrow Period, if the Company issues any distributions, dividends, rights or
other property with respect to the Common Stock, then, in such event, the
Company shall be authorized to send evidence of such distributions, dividends,
rights or other property directly to the Escrow Agent, which is hereby
authorized to hold and retain possession of all such evidences of distributions,
dividends, rights or other property until termination of the Escrow Period in
accordance with Section 6 below. In the event the Escrow Shares are distributed
to the Shareholders pursuant to Sections 6(a), 6(b), 6(c) or 6(d) below, then
the Escrow Agent will distribute evidences of such distributions, dividends,
rights, or other property in the form the Escrow Agent received such
distributions, dividends, rights, or other property from the Company. If the
Company recapitalizes, splits or combines its shares, such shares shall be
substituted on a pro rata basis for the Escrow Shares. The Company will notify
the Escrow Agent of the occurrence of the events listed in this section.

         SECTION 6. RELEASE AND DELIVERY OF ESCROW SHARES.

                  a. In the event the Escrow Agent receives written notice from
         the Representative and the Company confirming that the Company had pro
         forma (based on a full 12-month period for all acquired operations,
         giving effect to such acquisitions as if they had occurred on the first
         day of fiscal year 2001 and giving retroactive effect for the period

                                        2
<PAGE>   3
         from the first day of fiscal year 2001 to the date of acquisition to
         prospective changes to salaries, bonuses, benefits, lease payments and
         other expenses in a manner consistent with that used in the preparation
         of the Unaudited Pro Forma Condensed Combined Financial Information of
         the Company set forth in the prospectus used in connection with the
         Offering) revenues exceeding $250 million and after tax net income of
         $6 million in fiscal 2001, the Escrow Agent shall return to each
         Shareholder a certificate for its share of the Escrow Shares as are
         listed on Exhibit A. The Escrow Agent shall return the Escrow Shares
         only to the person or entity named as the holder of record in Exhibit A
         to this Escrow Agreement, as modified by any transfers made pursuant to
         Section 3 above.

                  b. In the event the Escrow Agent receives written notice from
         the Representative and the Company confirming the Company had pro forma
         (based on a full 12-month period for all acquired operations, giving
         effect for the period from the first day of fiscal year 2002 and giving
         retroactive effect for the period from the first day of fiscal year
         2002 to the date of acquisition to prospective changes to salaries,
         bonuses, benefit, lease payments and other expenses in an manner
         consistent with that used in the preparation of the Unaudited Pro Forma
         Condensed Combined Financial Information of the Company set forth in
         the prospectus used in connection with the Offering) revenues exceeding
         $300 million and after tax net income of $7.5 million in fiscal year
         2002, the Escrow Agent shall return to each Shareholder a certificate
         for its share of the Escrow Shares as are listed on Exhibit A. The
         Escrow Agent shall return each certificate only to the person or entity
         named as the holder of record in Exhibit A hereto, as modified by any
         transfers made pursuant to Section 3 above.

                  c. In the event the Escrow Agent receives written notice from
         the Representative and the Company confirming that the Company has been
         merged or consolidated, or has executed a share exchange, with another
         company which is the survivor to the transaction or in which the
         stockholders of the Company own less that 50% of the outstanding
         capital stock of the surviving entity, or that the Company has sold all
         or substantially all of its assets and the relevant transaction was
         approved by the holders of a majority of the Company's outstanding
         voting securities exclusive of the Escrow Shares held hereunder, the
         Escrow Agent shall contemporaneously with the closing of any such
         transaction return to each Shareholder a certificate for his share of
         the Escrow Shares as are listed on Exhibit A. The Escrow Agent shall
         return each certificate only to the person or entity named as the
         holder of record in Exhibit A hereto, as modified by any transfers made
         pursuant to Section 3 above.

                  d. In the event none of the criteria for release specified in
         subparagraphs (a), (b) or (c) above is reached by the Company, the
         Escrow Shares shall remain in the Escrow Account until a date that is
         seven years from the Effective Date. Upon termination of the Escrow
         Period pursuant to the provisions of this Section 6(d), the Escrow
         Agent shall, as promptly as possible, return to each Shareholder a
         certificate for its share of the Escrow Shares as are listed on Exhibit
         A. The Escrow Agent shall return each certificate only to the person
         named as the holder of record in Exhibit A hereto, as modified by any
         transfers made pursuant to Section 3 above.

                                        3
<PAGE>   4
                  e. At such time as the Escrow Agent shall have returned all
         Escrow Shares as provided in this Section, the Escrow Agent shall be
         discharged completely and released from any and all further liabilities
         and responsibilities under this Escrow Agreement.

                  f. The determination of the criteria described above shall be
         solely the responsibility of the Company and the Representative, and
         the Escrow Agent shall have no liability or responsibility therefor.

         SECTION 7. VOTING RIGHTS. During the Escrow Period, each Shareholder,
or any transferee receiving all or a portion of the Escrow Shares of such
Shareholder pursuant to Section 3 of this Escrow Agreement, shall have the right
to vote in such Escrow Shares (to the extent the Escrow Shares have voting
rights) in the Escrow Account at any and all shareholder meetings without
restriction.

         SECTION 8. LIMITATION OF LIABILITY OF ESCROW AGENT. In acting pursuant
to this Escrow Agreement, the Escrow Agent shall be protected fully in every
reasonable exercise of its discretion and shall have no obligation hereunder to
either the Shareholders or to any other party except as expressly set forth
herein. In performing any of its duties hereunder, the Escrow Agent shall not
incur any liability to any person for any damages, losses or expenses, except
for willful default or negligence and it shall, accordingly, not incur any such
liability with respect to (1) any action taken or omitted in good faith upon
advice of its counsel, counsel for the Company or counsel for the Representative
given with respect to any questions relating to the duties and responsibilities
of the Escrow Agent under this Agreement, and (2) any action taken or omitted in
reliance upon any instrument, including written notices provided for herein, not
only to its due execution and validity and effectiveness of its provisions, but
also to the truth and accuracy of any information contained therein, which the
Escrow Agent shall in good faith believe to be genuine, to have been signed and
presented by a proper person or persons and to be in compliance with the
provisions of this Agreement.

         SECTION 9. INDEMNIFICATION. The Company, the Representative and the
Shareholders shall indemnify and hold harmless the Escrow Agent against any and
all losses, claims, damages, liabilities and expenses, including reasonable
costs of investigation and counsel fees and disbursements, which may be imposed
upon the Escrow Agent or incurred by Escrow Agent in connection with its
acceptance of appointment as Escrow Agent or the performance of its duties
hereunder, including any litigation arising from this Escrow Agreement or
involving the subject matter of this Escrow Agreement.

         SECTION 10. PAYMENT OF FEES. The Company shall be responsible for all
reasonable fees and expenses of the Escrow Agent incurred by it in the course of
performing under this Escrow Agreement.

         SECTION 11. CHANGE OF ESCROW AGENT. In the event the Escrow Agent
notifies the Company and the Representative that its acceptance of the duties of
Escrow Agent has been terminated by the Escrow Agent, or in the event the Escrow
Agent files for protection under the United States Bankruptcy Code or is
liquidated or ceases operations for any reason, the Company

                                        4
<PAGE>   5
and the Representative shall have the right to jointly designate a replacement
Escrow Agent who shall succeed to the rights and duties of the Escrow Agent
hereunder. Any such replacement Escrow Agent shall be a trust or stock transfer
company experienced in stock transfer, escrow and related matters and shall have
a minimum net worth of $5 million. Upon appointment of such successor Escrow
Agent, the Escrow Agent shall be discharged from all duties and responsibilities
hereunder.

         SECTION 12. NOTICES. All notices, demands or requests required or
authorized hereunder shall be deemed given sufficiently if in writing and sent
by registered mail or certified mail, return receipt requested and postage
prepaid and by facsimile or cable:

         In the case of the Representative to:

         Schneider Securities, Inc.
         1120 Lincoln Street, Suite 900
         Denver, Colorado 80203
         Attention: Thomas J. O'Rourke, President

         With a copy to (which shall not constitute notice):

         Dorsey & Whitney LLP
         370 Seventeenth Street, Suite 4400
         Denver, Colorado 80202
         Attention: Thomas S. Smith, Esq.

         In the case of the Escrow Agent to:

         ComputerShare Trust Company, Inc.
         1825 Lawrence Street, Suite 101
         Denver, Colorado  80202
         Attention: Margo Ankele, Vice President

         In the case of the Company to:

         Glacier Corporation
         1050 Seventeenth Street, Suite 195
         Denver, Colorado 80265
         Attention: Joseph A. Oblas, Chief Executive Officer

         With a copy to (which shall not constitute notice):

         Berliner Zisser Walter & Gallegos, P.C.
         1700 Lincoln Street, Suite 4700
         Denver, Colorado 80203
         Attention: Robert W. Walter, Esq.

                                        5
<PAGE>   6
         In the case of the Shareholders to the addresses on the records of the
Escrow Agent.

         SECTION 13. COUNTERPARTS. This Escrow Agreement may be executed in
counterparts, each of which shall be an original, but all of which together
shall constitute one and the same Escrow Agreement. Facsimile signatures shall
be accepted as original signatures for all purposes.

         SECTION 14. GOVERNING LAW. The validity, interpretation and
construction of this Escrow Agreement and of each part hereof shall be governed
by the laws of the State of Colorado.

         IN WITNESS WHEREOF, the Shareholders, the Company, the Representative
and the Escrow Agent have executed this Escrow Agreement to be effective as of
the day and year first above written.

                              COMPUTERSHARE TRUST COMPANY, INC.:

                              By:      ______________________________________
                              Title:   ______________________________________

                              GLACIER CORPORATION:

                              By:      ______________________________________
                                       Joseph A. Oblas, Chief Executive Officer

                              SCHNEIDER SECURITIES, INC.:

                              By:      ______________________________________
                                       Thomas J. O'Rourke, President

                                THE SHAREHOLDERS:

                                ______________________________________

                                ______________________________________

                                ______________________________________

                                ______________________________________

                                ______________________________________

                                        6
<PAGE>   7
                                    EXHIBIT A
                               TO ESCROW AGREEMENT

<TABLE>
<CAPTION>
Name                                                 Total Shares
<S>                                                  <C>
Joseph A. Oblas....................................
Peter C. Gonzalez..................................
David Diaz-Infante.................................
Thomas B. Humphreys, Jr............................
Derek S. Humphreys ................................
                                                     -----------
Total..............................................      500,000
                                                     ===========
</TABLE><PAGE>   1
                                                                   Exhibit 10.18

                      SETTLEMENT AGREEMENT AND RELEASE

     THIS SETTLEMENT AGREEMENT AND RELEASE (this "Agreement"), dated as of
December 18, 2000, is by and among Glacier Distribution Company, Inc., Glacier
Distribution Company, LLC, Joseph Oblas, Leslie Oblas, Thomas B. Humphreys,
Jocelyn Humphreys, Derek S. Humphreys, Jennifer Humphreys, David Diaz-Infante,
Audra Diaz-Infante, Peter C. Gonzalez, Michelle L. Gonzalez and Information
Leasing Corporation (the foregoing shall be referred to individually as a
"Party" and collectively as the "Parties").

                                  RECITALS

     A.  Effective June 1, 1999,  Glacier Distribution Company, LLC (such
Party, together with its successor in interest, Glacier Distribution Company,
Inc., shall be collectively referred to herein as "Glacier") entered into Lease
Nos. 33498-01, 33498-02, 33498-03 and 33498-04 (collectively, the "Leases")
with USA Capital LLC (the "Lessor") pursuant to which Glacier leased certain
equipment from Lessor (the "Equipment"). The Leases are noncancellable.

     B.  In connection with the execution of each of the Leases, Lessor
required Glacier to execute and deliver a Collateral Addendum to Equipment
Lease Agreement, whereby Lessee granted to Lessor, until the Leases expired, a
security interest in the Equipment and also agreed to cross-collateralize the
Leases.

     C.  As an Inducement for Lessor to enter into the Leases, the payment and
performance obligations of Glacier were guarantied by Joseph Oblas, Leslie
Oblas, Thomas B. Humphreys, Jocelyn Humphreys, Derek S. Humphreys, Jennifer
Humphreys, David Diaz-Infante, Audra Diaz-Infante, Peter C. Gonzalez and
Michelle L. Gonzalez (collectively the "Guarantors"). Each Guarantor executed
and delivered Guaranties to Lessor (collectively, the "Guaranties").

     D.  On or about April 21, 2000, Lessor filed for protection under Chapter
11 of the United States bankruptcy laws. On or about May 18, 2000, Lessor's
bankruptcy case was converted to one under Chapter 7 of the United States
bankruptcy laws (the "Bankruptcy Proceedings").

     E.  Prior to the commencement of the Bankruptcy Proceedings, the Leases
and the Guaranties were conveyed and assigned to Credit Suisse First Boston
Mortgage Capital Corp., LLC ("CSFB") and are not involved in, related with, or
subject to the Bankruptcy Proceedings. CSFB has retained Information Leasing
Corp. to act as survivor of these leases.

     F.  The Parties have agreed to terminate the Leases and Guaranties
(collectively, the "Debt Instruments") and settle the respective obligations of
the Parties arising under the Debt Instruments pursuant to the terms and
conditions set forth in this Agreement.

<PAGE>   2
                                   AGREEMENT

     In consideration of the foregoing, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the Parties agree as follows:

     1.   SETTLEMENT PACKAGE. Glacier will pay, or cause to be paid, to CSFB on
behalf of itself and all other parties having an interest in any of the Debt
Instruments, an aggregate sum of $400,000 (the "Settlement Package") payable as
follows:

          (a)  $100,000 shall be paid upon the execution of this Agreement;

          (b)  the balance of the Settlement Package shall be paid in fifteen
equal payments of $25,000; with each payment made on fifteenth day of each
month, commencing with the month following the month in which the payment
referenced in section 1(b) above is made.

     The Parties agree that the Settlement Package shall constitute full
satisfaction of all known and unknown amounts due and performance obligations
that are payable or performable before and after the date hereof by Glacier and
the Guarantors in connection with or arising under any of the Debt Instruments
or otherwise payable by or performable by Glacier or Guarantors to CSFB, any
affiliate of CSFB or any other entity with any interest whatsoever in and to
the Debt Instruments or any document related to the Debt Instruments.

     2.   GENERAL RELEASE OF GLACIER AND GUARANTORS. CSFB hereby releases
Glacier, Guarantors and all persons and parties acting by, through, under, on
behalf of or in connection with any of them, including but not limited to such
party's parents, subsidiaries, affiliates, partners, members, directors,
officers, employees, representatives, attorneys, agents, successors and assigns
(collectively, the "Lessee Released Parties"), from any and all causes of
action, claims, suits, proceedings, liabilities, obligations, promises,
demands, damages, losses, costs and expenses, of any nature whatsoever, at law
or in equity, known or unknown, fixed or contingent, that such Party has had,
now has or may hereafter have (collectively, the "Claims") against any of the
Lessee Released Parties by reason of any matter, cause or thing whatsoever,
arising out of or in any way related to (i) the Debt Instruments, (ii)
Glacier's use of the Equipment, (iii) the termination of the Debt Instruments,
and (iv) any and all other obligations, known or unknown, either related or
unrelated to the Debt Instruments, owed by any of the Lessee Released Parties
to CSFB, any affiliate of CSFB, and/or any party whose rights to the Debt
Instruments or other evidence of indebtedness from Glacier or Guarantors were
assigned to CSFB; provided, however, that the release of the Guarantors in
regard to the Leases and the termination of the Guaranties in regard to the
Leases shall be effective as follows: (W) all obligations arising under Lease
No. 33498-04 shall be released upon payment of the first $100,000 of the
Settlement Package; (X) all obligations arising under Lease No. 33498-03 shall
be released upon payment of the second $100,000 of the Settlement Package; (Y)
all obligations arising under Lease No. 33498-02 shall be released upon payment
of the third $100,000 of the Settlement Package; and (Z) all obligations
arising under Lease No. 33498-01 shall be released upon full payment of the
Settlement Package.

                                       2
<PAGE>   3
     3.   GENERAL RELEASE OF CSFB. Glacier and Guarantors hereby release CSFB,
its affiliates and all persons and parties acting by, through, under, on behalf
of or in connection with any of them, including but not limited to such Party's
parents, subsidiaries, affiliates, partners, members, directors, officers,
employees, representatives, attorneys, agents, successors and assigns
(collectively, the "Lessor Released Parties"), from any and all Claims against
any of the Lessor Released Parties by reason of any matter, cause or thing
whatsoever, arising out of or in any way related to (i) the Debt Instruments,
(ii) the Equipment, or (iii) the termination of the Debt Instruments.

     4.   NO ADMISSION OF LIABILITY. The Parties expressly acknowledge and
agree that this Agreement is a compromise and settlement of disputed claims,
and that neither the execution of this instrument nor the exchange of
consideration in connection herewith shall be deemed or construed as an
admission of liability on the part of any of them except as to obligations
created hereunder.

     5.   EQUIPMENT. Concurrently with the execution hereof, CSFB shall deliver
a bill of sale, in form and substance acceptable to Glacier, conveying all of
the Equipment to Glacier free and clear of all liens, encumbrances or security
interests whatsoever.

     6.   REPRESENTATIONS AND INDEMNITY.

          (a) CSFB hereby represents and warrants that it is the lawful assignee
and rightful owner of the Debt Instruments and has the full power and authority
to settle claims relating to the Debt Instruments and the servicing of the
accounts relating thereto. CSFB further represents and warrants that it is the
lawful assignee of any and all other obligations of Glacier and/or Guarantors
that is, or was at any time, owed to Lessor or any affiliates of Lessor.

          (b) CSFB hereby represents and warrants that neither the Debt
Instruments, this Agreement, nor any other claim to be settled herein is
subject to the Bankruptcy Proceedings, and that this Agreement represents the
binding and enforceable obligation of CSFB, and that no approval or consent
from any court or bankruptcy trustee is required in order to consummate the
transactions contemplated by this Agreement.

          (c) Each of Glacier and Guarantors hereby represent and warrant that
the person or entity executing this document on behalf of such Party is duly
authorized to enter into and execute this Agreement on behalf of such Party.

          (d) Each Party (as such, an "Indemnitor") hereby agrees to indemnify
and hold harmless any other Party to this Agreement from any and all damages or
other adverse consequences, including reasonable attorneys' fees, suffered by
any Party as a result of the breach by such Indemnitor of any representation
or warranty contained in this section 6.

     7.   ATTORNEYS' FEES AND EXPENSES. Each party hereto shall bear all
attorneys' fees, costs and expenses arising from its, his or her own actions
and the actions of its, his, or her own counsel in connection with this
Agreement and the matters and documents referred to herein.

                                       3
<PAGE>   4
     8.   CONFIDENTIALITY.  The Parties shall keep the terms of this Agreement
strictly confidential. The terms of this Agreement shall not be divulged by the
Parties or their agents, assigns, attorneys and/or representatives to any person
or entity not a party to this Agreement, except that the Parties may disclose
the terms of the Agreement to their legal counsel and any taxing authorities to
the extent necessary. The Parties acknowledge that remedies at law may be
inadequate to protect against breach of this covenant of confidentiality and,
therefore, this covenant of confidentiality may be enforced by injunction or by
suit for damages as may be appropriate. The Parties further acknowledge that the
damages that will result from a breach of this covenant of confidentiality will
be substantial.

     9.   SUCCESSORS IN INTEREST. This Agreement shall be binding upon and
inure to the benefit of the estates, executors, administrators, personal
representatives, heirs, successors, and assigns of the Parties.

     10.  ADDITIONAL DOCUMENTS. All Parties agree to cooperate fully, and to
execute any and all documents, and to take all additional actions which may be
necessary or appropriate to give full force and effect to the basic terms and
intent of this Agreement.

     11.  ENTIRE AGREEMENT. This Agreement contains the entire agreement
between the Parties with regard to the matters set forth herein. There are no
other promises, understandings, representations, warranties, covenants, or
agreements between the Parties in relation thereto, verbal or otherwise, except
as expressly set forth in this Agreement.

     12.  SEVERABILITY. In the event any one or more of the provisions of this
Agreement shall for any reason be invalid, illegal or unenforceable in any
respect, such invalidity, illegality, or unenforceability shall not affect any
other provision of this Agreement, but this Agreement shall be construed as if
such invalid, illegal or unenforceable provision had never been contained
herein.

     13.  CHOICE OF LAW. The provisions of this Agreement shall be governed by
and construed in accordance with the laws of the state of Colorado.

     14.  MODIFICATION. The provisions of this Agreement may be change, waived,
modified, or varied only by written agreement of all the parties hereto.

     15.  COUNTERPARTS. This document may be executed in multiple counterparts
or with detachable signature pages, which shall be construed together and shall
be effective as if all executed in one, unified document. The Parties agree to
accept and be bound by facsimile signature to this Agreement.

                                       4
<PAGE>   5
     16.  HEADINGS.  The headings of the sections of this Agreement are
inserted for convenience only and shall not be deemed to constitute a part of
the Agreement.

     IN WITNESS WHEREOF, the Parties have executed this Settlement Agreement
and Release on the date first set forth above.

                                    GLACIER DISTRIBUTION COMPANY, INC.

                                    By: /s/ Joseph Oblas
                                       --------------------------------------
                                        Joseph Oblas, Chief Executive Officer

                                     GLACIER DISTRIBUTION COMPANY, LLC

                                    By: /s/ Joseph Oblas
                                       --------------------------------------
                                        Joseph Oblas, Partner

                                    INFORMATION LEASING CORPORATION, as Agent
                                    for CSFB

                                    By: /s/ illegible
                                       --------------------------------------

                                    Name:
                                         ------------------------------------

                                    Title:               VP
                                          -----------------------------------

                                    JOSEPH OBLAS

                                    /S/ JOSEPH OBLAS
                                    -----------------------------------------

                                    LESLIE OBLAS

                                    -----------------------------------------

                                       5

<PAGE>   6
                              THOMAS B. HUMPHREYS

                              /s/ THOMAS B. HUMPHREYS
                              ---------------------------------

                              JOCELYN HUMPHREYS

                              ---------------------------------

                              DEREK S. HUMPHREYS

                              ---------------------------------

                              JENNIFER HUMPHREYS

                              ---------------------------------

                              DAVID DIAZ-INFANTE

                              /s/ DAVID DIAZ-INFANTE
                              ---------------------------------

                              AUDRA DIAZ-INFANTE

                              ---------------------------------

                              PETER C. GONZALEZ

                              ---------------------------------

                                       6
<PAGE>   7
                              MICHELLE L. GONZALEZ

                              ---------------------------------

                                       7

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