Missoula, MT -

A businessman charged with failing to pay golfers for hole-in-one prizes insured by his company has pleaded guilty to a misdemeanor charge and agreed to pay a Montana man $10,000 of a promised $18,000 prize.

Kevin W. Kolenda didn't attend Thursday's hearing before Justice of the Peace Karen Orzech in Missoula. His attorney, Brian Tipp, entered a guilty plea on Kolenda's behalf to acting as an insurer without a license.

Kolenda is the former president and CEO of Hole-in-Won.com, a company that collects premiums and agrees to pay cash prizes to winners of hole-in-one contests. He has been charged with failing to do so in several states.

Kolenda was charged in Montana after Troy Peissig was denied an $18,000 prize after hitting a hole-in-one during a 2010 golf tournament in Missoula.