EX-10.51 2 c21006_ex10-51.txt AGREEMENT OF PURCHASE AND SALE OF ASSETS EXHIBIT 10.51 Omissions denoted by any asterisks herein are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. ================================================================================ AGREEMENT OF PURCHASE AND SALE OF ASSETS by and among STAKER PAVING AND CONSTRUCTION, INC. JACK B. PARSON COMPANIES as the Buyers and VALLEY ASPHALT, INC. GEODYNE BECK ROCK PRODUCTS, INC. EAGLE VALLEY MATERIALS, INC. MONROC, INC. WESTERN AGGREGATES, INC. as the Sellers and U.S. AGGREGATES, INC. OLDCASTLE MATERIALS, INC. March 30, 2001 ================================================================================ TABLE OF CONTENTS Page ---- RECITALS ......................................................................1 AGREEMENT......................................................................1 1. Purchase and Sale of Assets...........................................2 1.1. Acquired Assets..............................................2 1.1A. Acquired Staker Assets.......................................3 1.2. Excluded Assets..............................................4 1.2A. Buyer Excluded Assets........................................4 1.3. Purchase Price...............................................5 1.4. Related Agreements...........................................8 1.5. Closing Date.................................................9 2. Liabilities of the Operations.........................................9 2.1. Liabilities Assumed by Buyers................................9 2.1A. Liabilities Assumed by Sellers..............................10 2.2. Liabilities Not Assumed by Buyers...........................10 2.2A. Liabilities Not Assumed by Sellers..........................10 3. Allocation of Purchase Price.........................................11 4. Representations and Warranties of the Sellers........................11 4.1. Organization and Qualification..............................11 4.2. Authority...................................................11 4.3. Financial Condition.........................................12 4.3.1. Financial Statements...............................12 4.3.2. Absence of Certain Changes.........................12 4.3.3. No Transfers.......................................13 4.4. Tax Matters.................................................13 4.4.1. Tax Returns; Disputes..............................14 4.4.2. Section 168........................................14 4.4.3. FIRPTA.............................................14 4.4.4. Tax Definitions....................................14 4.5. Litigation and Claims.......................................14 4.5.1. Litigation Pending or Threatened...................14 4.5.2. Operations Enjoined................................14 4.5.3. Violation of Law; Permits..........................15 4.6. Properties and Assets of the Sellers........................15 4.6.1. Title to Real Property.............................15 4.6.1.1. Maintenance.......................18 4.6.1.2. Assessments.......................18 4.6.1.3. Binding Commitments...............18 4.6.1.4. Title Documents...................18 (i) Page ---- 4.6.1.5. No Breach or Event of Default; Property Leases........19 4.6.1.6. Violation of Law.................19 4.6.1.7. Location.........................19 4.6.2. Personal Property.................................19 4.7. Insurance..................................................20 4.8. Labor and Employment Matters...............................20 4.8.1. Labor and Employment Definitions..................20 4.8.2. Employee Benefit Plans............................21 4.8.3. Benefit Obligations...............................22 4.8.4. Performance.......................................22 4.8.5. Compensation......................................22 4.8.6. Resignations......................................22 4.8.7. Collective Bargaining Agreements..................22 4.8.8. [Reserved]........................................23 4.8.9. Termination of Employment.........................23 4.9. Compensation of and Indebtedness to and from Employees.....23 4.9.1. Employee Compensation.............................23 4.9.2. Indebtedness......................................23 4.10. Contracts and Other Instruments............................23 4.10.1. Contracts.........................................23 4.11. Environmental Matters......................................24 4.11.1. Hazardous Materials...............................24 4.11.2. Environmental Requirements........................24 4.11.3. Notice of Violations..............................24 4.11.4. Potentially Responsible Party.....................25 4.11.5. Environmental Reports.............................25 4.11.6. Definitions.......................................25 4.12. Agreement Not in Breach of Other Instruments...............26 4.13. Regulatory Approvals.......................................26 4.14. Inventories................................................27 4.15. Disclosure.................................................27 4.16. Brokerage..................................................27 4.17. Customers..................................................27 4.18. Product Liability..........................................27 4.19. Solvency...................................................28 4.20. Sufficiency of Assets......................................28 4.21. Preservation of Documents..................................28 4.22. Hart-Scott-Rodino..........................................28 5. Representations and Warranties of the Buyers.........................28 5.1. Organization and Qualification..............................28 5.2. Authority...................................................28 5.3. Financial Condition.........................................28 5.3.1. Financial Statements...............................28 5.3.2. Absence of Certain Changes.........................29 5.3.3. No Transfers.......................................30 (ii) Page ---- 5.4. Tax Matters.................................................30 5.4.1. Tax Returns; Disputes..............................30 5.4.2. SECTION 168........................................30 5.4.3. FIRPTA.............................................31 5.5. Litigation and Claims.......................................31 5.5.1. Litigation Pending or Threatened...................31 5.5.2. Operations Enjoined................................31 5.5.3. Violation of Law; Permits..........................31 5.6. Properties and Assets of Staker.............................31 5.6.1. Title to Real Property.............................32 5.6.1.1. Maintenance.......................34 5.6.1.2. Assessments.......................35 5.6.1.3. Binding Commitments...............35 5.6.1.4. Title Documents...................35 5.6.1.5. No Breach or Event of Default; Property Leases..................35 5.6.1.6. Violation of Law..................35 5.6.1.7. Location..........................36 5.6.2. Personal Property..................................36 5.7. Insurance...................................................36 5.8. Labor and Employment Matters................................36 5.8.1. Labor and Employment Definitions...................36 5.8.2. Buyer Employee Benefit Plans.......................36 5.8.3. Benefit Obligations................................37 5.8.4. Performance........................................37 5.8.5. Compensation.......................................37 5.8.6. Resignations.......................................37 5.9. Compensation of and Indebtedness to and from Employees......38 5.9.1. Employee Compensation..............................38 5.9.2. Indebtedness.......................................38 5.10. Contracts and Other Instruments.............................38 5.10.1. Contracts..........................................38 5.11. Environmental Matters.......................................39 5.11.1. Hazardous Materials................................39 5.11.2. Environmental Requirements.........................39 5.11.3. Notice of Violations...............................39 5.11.4. Potentially Responsible Party......................40 5.11.5. Environmental Reports..............................40 5.11.6. Definitions........................................40 5.12. Agreement Not in Breach of Other Instruments................40 5.13. Regulatory Approvals........................................41 5.14. Inventories.................................................41 5.15. Disclosure..................................................41 5.16. Brokerage...................................................41 5.17. Customers...................................................41 5.18. Product Liability...........................................42 (iii) 5.19. Solvency....................................................42 5.20. Sufficiency of Assets.......................................42 5.21. Hart-Scott-Rodino...........................................42 6. Employees............................................................42 6.1. Obligation to Employ........................................42 6.2. Offers to Employ............................................43 7. Sellers' Closing Deliveries..........................................43 7.1. Permits, Approvals and Authorizations.......................43 7.2. No Challenge or Violation of Orders.........................43 7.3. Certain Documents...........................................43 7.4. [Reserved]..................................................45 7.5. Evidence of Title...........................................45 7.6. FIRPTA Affidavit............................................45 8. Buyers' Closing Deliveries...........................................45 8.1. Permits, Approvals and Authorizations.......................45 8.2. No Challenge or Violation of Orders.........................45 8.3. Certain Documents...........................................45 8.4. [Reserved]..................................................46 8.5. [Reserved]..................................................46 8.6. Evidence of Title...........................................46 8.7. FIRPTA Affidavit............................................46 9. Actions After the Closing Date.......................................46 9.1. Cooperation.................................................46 9.2. Further Assurances..........................................47 9.3. Non-interference............................................48 9.4. Seller's Covenants..........................................48 9.5. Legal Opinions..............................................48 9.6. BVD Option..................................................48 9.7. Lehi Put Right..............................................48 10. Indemnification......................................................49 10.1.1. Indemnification of the Buyers...............................49 10.1.2. Indemnification of the Sellers..............................51 10.2. Survival....................................................52 10.2.1. General Claims.....................................52 10.2.2. Environmental Claims...............................52 10.2.3. Claims Barred Only by the Applicable Statute of Limitations............................53 10.2.4. Maximum Amount.....................................53 10.3. Defense by the Indemnifying Party...........................54 10.4. Notice......................................................55 10.5. Waiver......................................................55 (iv) Page ---- 11. Miscellaneous Provisions............................................55 11.1. Jurisdiction; Agent for Service............................55 11.2. Construction...............................................56 11.3. Notices....................................................56 11.4. Payment of Expenses........................................57 11.5. Assignment.................................................57 11.6. Amendments and Waiver......................................58 11.7. Survival...................................................58 11.8. Counterparts...............................................58 11.9. Headings...................................................58 11.10. Attorneys' Fees............................................58 11.11. Binding Nature of Agreement................................58 11.12. Severability...............................................58 11.13. Specific Performance.......................................58 11.14. Complete Agreement.........................................59 11.15. Knowledge of the Sellers and the Buyers....................59 12. Drafting Presumption................................................59 (v) Page ---- List of Exhibits ---------------- 1.4(a) Contract Assignment 1.4(b) Lease Assignment 1.4(c) Staker Lease Assignment 1.4(h) Deeds 1.4(i) Valley Lease 1.4(j) Keigley Quarry Co-Occupancy Agreement 1.4(k) Purchase Contract 1.4(l) Subleases 1.4(m) Buyer Contract Assignment 1.4(n) Co-Occupancy Agreement 1.4(o) Site 30 License 7.3(p) Power of Attorney List of Schedules ----------------- Schedule A Schedule B Schedule 1.1 Schedule 1.1(a) Schedule 1.1(d) Schedule 1.1(e)(i) Schedule 1.1(e)(ii) Schedule 1.1(l) Schedule 1.1A Schedule 1.1A(a) Schedule 1.1A(d) Schedule 1.1A(e) Schedule 1.1A(k) Schedule 1.2 Schedule 1.2A Schedule 1.4(b)(i) Schedule 1.4(b)(ii) Schedule 1.4(c) Schedule 1.4(d) Schedule 1.4.(e) Schedule 1.4 (f) Schedule 1.4(g) Schedule 1.4(h) Schedule 1.4(i) Schedule 1.4(j) Schedule 1.4(l) Schedule 1.4(n) (vi) Page ---- Schedule 2.1 Schedule 2.1A Schedule 3 Schedule 4.3.1 Schedule 4.3.2 Schedule 4.3.3 Schedule 4.5.1 Schedule 4.5.3 Schedule 4.6(a) Schedule 4.6(bB) Schedule 4.6.1(a) Schedule 4.6.1(c) Schedule 4.6.1(c)(b) Schedule 4.6.1(d) Schedule 4.6.1(g) Schedule 4.6.1(h) Schedule 4.6.1(j) Schedule 4.6.1(k) Schedule 4.6.1.1 Schedule 4.6.1.4 Schedule 4.6.1.5 Schedule 4.6.1.6 Schedule 4.6.1.7 Schedule 4.6.2(a) Schedule 4.6.2(b) Schedule 4.8.2 Schedule 4.8.2(b) Schedule 4.8.2(c) Schedule 4.8.6 Schedule 4.8.7 Schedule 4.8.7(b) Schedule 4.9.1 Schedule 4.10.1 Schedule 4.11.1 Schedule 4.11.2 Schedule 4.11.3 Schedule 4.11.4 Schedule 4.13 Schedule 4.14 Schedule 4.17 Schedule 4.18 Schedule 4.20 Schedule 5.3.1 (vii) Schedule 5.3.2 Schedule 5.3.3 Schedule 5.5.1 Schedule 5.5.3 Schedule 5.6(A) Schedule 5.6(B) Schedule 5.6.1(a) Schedule 5.6.1(c) Schedule 5.6.1(c)(B) Schedule 5.6.1(d) Schedule 5.6.1(g) Schedule 5.6.1(h) Schedule 5.6.1.(j) Schedule 5.6.1(k) Schedule 5.6.1.1 Schedule 5.6.1.5 Schedule 5.6.1.6 Schedule 5.6.1.7 Schedule 5.6.2(a) Schedule 5.6.2(b) Schedule 5.8.2 Schedule 5.8.2(b) Schedule 5.8.2(c) Schedule 5.8.7 Schedule 5.8.7(b) Schedule 5.9.1 Schedule 5.10.1 Schedule 5.11.1 Schedule 5.11.2 Schedule 5.11.3 Schedule 5.11.4 Schedule 5.13 Schedule 5.14 Schedule 5.17 Schedule 5.18 Schedule 5.20 Schedule 6.2 Schedule 7.3 Schedule 9.4(a) (viii) INDEX Page(s) ------- Acquired Assets Section 1.1...................................................2 Acquired Staker Assets Section 1.1A...........................................3 Agreement Preamble............................................................1 Assumed Buyer Liabilities Section 2.1A.......................................10 Assumed Liabilities Section 2.1..............................................10 Assumption Agreements Section 1.4(d)..........................................8 Bill of Sale Section 1.4(f)...................................................8 Buyer Bills of Sale Section 1.4(g)............................................8 Buyer Contract Assignment Section 1.4(n)......................................9 Buyer Contracts Section 1.1A(e)...............................................3 Buyer Employee Benefit Plan Section 5.8.1....................................36 Buyer Employee List Section 4.9.1............................................38 Buyer Encumbrances Section 5.6...............................................31 Buyer Environmental Damages Section 5.11.6(i)................................40 Buyer Excluded Assets Section 1.2A............................................4 Buyer Excluded Operations Assets Recitals.....................................1 Buyer Inventories Section 1.1A(d).............................................3 Buyer Permits Section 1.1A(f).................................................3 Buyers Preamble...............................................................1 Buyers Excluded Operations Recitals...........................................1 Closing Section 1.5...........................................................9 Closing Date Section 1.5......................................................9 Code Section 4.4.2...........................................................14 Contract Assignment Section 1.4(a)............................................8 Contracts Section 1.1(e)......................................................2 Deeds Section 1.4(h)..........................................................9 Eagle Preamble................................................................1 Employee Benefit Plan Section 4.8.1..........................................20 Employee List Section 4.9.1..................................................23 Encumbrances Section 4.6.....................................................15 Environmental Claims Section 10.2.2..........................................52 Environmental Damages Section 4.11.6(i)......................................25 Environmental Requirements Section 4.11.6(ii)................................25 ERISA Section 4.8.1..........................................................20 ERISA Affiliate Section 4.8.1................................................20 ERISA Plan Section 4.8.1.....................................................20 Excluded Assets Section 1.2...................................................4 Excluded Buyer Liabilities Section 2.2A......................................10 Excluded Operations Recitals..................................................1 Excluded Operations Assets Recitals...........................................1 Executive Officers Section 11.15(a)..........................................59 Financial Statements Section 4.3.1(a)........................................12 Former Real Property Section 4.11.6(iii).....................................25 Fraud Claim Section 10.2.3...................................................53 (ix) Geodyne Preamble..............................................................1 Governmental Authority Section 4.11.6(iv)....................................26 Hazardous Materials Section 4.11.6(v)........................................26 hazardous substance Section 4.11.6(v)........................................26 hazardous waste Section 4.11.6(v)............................................26 Independent Accountants Section 1.3(c)........................................8 Intellectual Property Section 1.1(k)..........................................3 Inventories Section 1.1(d)....................................................2 Keigley Quarry Lease Section 1.4(j)...........................................9 Lease Assignment Section 1.4(b)...............................................8 Leased Property Section 4.6.1(a).............................................16 Limited Indemnity Claim Section 10.2.4.......................................53 Monroc Preamble...............................................................1 Multiemployer Plan Section 4.8.1.............................................20 non-conforming use Section 5.5.3.............................................31 Notice of Claim Section 1.3(c)................................................7 Operations Recitals...........................................................1 Owned Property Section 4.6.1(a)..............................................16 Parson Preamble...............................................................1 Pension Plan Section 4.8.1...................................................21 Permits Section 1.1(f)........................................................2 Personal Property Section 1.1(a)..............................................2 pollutant Section 4.11.6(v)..................................................26 potentially responsible party Section 5.11.4.................................40 Proper Authority Claim Section 10.2.3........................................53 Property Leases Section 4.6.1.4..............................................19 Purchase Price Section 1.3....................................................5 Real Property Section 4.6.1(a)...............................................16 Related Agreements Section 1.4................................................9 Retained Lease Section 1.4(o).................................................9 Seller Assumption Agreements Section 1.4(e)...................................8 Sellers Preamble..............................................................1 Staker Preamble...............................................................1 Staker Former Real Property Section 5.11.6(iii)..............................40 Staker Lease Assignment Section 1.4(c)........................................8 Staker Leased Property Section 5.6.1(a)......................................32 Staker Operations Recitals....................................................1 Staker Owned Property Section 5.6.1(a).......................................32 Staker Personal Property Section 1.1A(a)......................................3 Staker Property Leases Section 5.6.1.4.......................................35 Staker Real Property Section 5.6.1(a)........................................32 Staker Title Documents Section 5.6.1.4.......................................35 Subleases Section 1.4(l)......................................................9 Tax Claim Section 10.2.3.....................................................53 tax return Section 4.4.4.....................................................14 (x) Page(s) ------- taxes Section 4.4.4..........................................................14 Threshold Amount Section 10.2.4..............................................53 Title Documents Section 4.6.1.4..............................................19 Valley Preamble...............................................................1 Welfare Plan Section 4.8.1...................................................21 (xi) AGREEMENT OF PURCHASE AND SALE OF ASSETS This AGREEMENT (this "Agreement") is made this 30th day of March, 2001 by and among STAKER PAVING AND CONSTRUCTION INC. ("Staker"), a Utah corporation, and JACK B. PARSON COMPANIES, a Utah corporation ("Parson," and collectively with Staker, the "Buyers"), on the one hand, and VALLEY ASPHALT, INC. ("Valley"), a Utah corporation, GEODYNE BECK ROCK PRODUCTS, INC. ("Geodyne"), a Utah corporation, EAGLE VALLEY MATERIALS, INC. ("Eagle"), a Utah corporation, MONROC, INC. ("Monroc"), a Delaware corporation, WESTERN AGGREGATES, INC. ("Western"), a Utah corporation (Valley, Geodyne, Eagle, Monroc and Western, collectively, the "Sellers"), U.S. AGGREGATES, INC. ("USAI"), a Delaware corporation, only with respect to SECTIONS 9, 10, and 11, and OLDCASTLE MATERIALS, INC., a Delaware corporation ("Oldcastle"), only with respect to SECTIONS 9, 10, and 11. RECITALS A. The Sellers operate certain businesses as described on SCHEDULE A at the locations described on SCHEDULE A (collectively, the "Operations"), and the Sellers own or lease or have rights to use the assets used in, necessary for or related to the Operations as currently conducted by Sellers. The Sellers also operate other businesses (collectively, the "Excluded Operations"). B. The Sellers desire to discontinue the Operations, and pursuant to such end, desire to sell or lease the assets used in and related to the Operations and to assign certain leases and other rights and obligations in connection with the Operations, and the Buyers desire to purchase such assets and assume such leases, rights and obligations. The Sellers desire to continue the Excluded Operations, and the assets used in the conduct of the Excluded Operations, except those specifically being sold or leased in connection with this Agreement, will not be purchased by the Buyers (collectively, the "Excluded Operations Assets"). C. Staker operates certain businesses as described on SCHEDULE B at the locations listed on SCHEDULE B (collectively, the "Staker Operations") and Staker owns or leases the assets used in, necessary for or related to the Staker Operations as currently conducted by Staker. Staker and Parson also operate other businesses (herein collectively, the "Buyer Excluded Operations"). D. Staker desires to discontinue the Staker Operations, and pursuant to such end, desires to sell or lease the assets used in and related to the Staker Operations and to assign certain leases and other rights and obligations in connection with the Staker Operations, and the Sellers desire to purchase such assets and assume such leases, rights and obligations. The Buyers desire to continue all the Buyer Excluded Operations, and the assets used in the conduct of the Buyer Excluded Operations, except those being sold or leased in connection with this Agreement, will not be purchased by the Sellers (collectively, the "Buyer Excluded Operations Assets"). AGREEMENT In consideration of the foregoing and the mutual covenants contained in this Agreement and for other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Buyers and the Sellers agree as follows: 1. PURCHASE AND SALE OF ASSETS. 1.1. ACQUIRED ASSETS. On the Closing Date (as defined in SECTION 1.5 below), the Sellers agree to sell and deliver to the Buyers, free and clear of all encumbrances except for the encumbrances, liens and charges set forth on SCHEDULE 1.1 (the "Permitted Encumbrances"), against payment therefor as provided in SECTION 1.3, all of the assets and properties of every kind which are primarily used in the Operations (except for the Excluded Operations Assets and those Excluded Assets listed in SECTION 1.2), including without limitation the following assets (all such assets and properties of the Sellers are collectively referred to hereinafter as the "Acquired Assets"): (a) all fixtures, vehicles, machinery, equipment, rolling stock, tools, furniture, pallets, phones, office supplies and other items of personal property included on SCHEDULE 1.1(a) or used primarily in the Operations as of the Closing Date (as defined in SECTION 4.6.1) (collectively, the "Personal Property"); (b) all Owned Property (as defined in SECTION 4.6.1); (c) all right, title and interest in and to all Property Leases (as defined in SECTION 4.6.1); (d) all inventories, including materials, spare parts, equipment, supplies and other similar items listed on SCHEDULE 1.1(d) or used primarily in the Operations as of the Closing Date (collectively, the "Inventories"); (e) all contracts of the Operations (including purchase orders and supply agreements) that are listed on SCHEDULE 1.1(e)(i) and (ii) and, in the Buyers' discretion, any contracts of the Operations not listed on SCHEDULE 1.1(e)(i) and (ii) that Buyers determine to assume within a reasonable time after Buyers become aware of such contract (the "Contracts"); (f) the federal, state, local and foreign licenses, permits, certificates of occupancy or use and other governmental approvals or authorizations used in or related to the Operations and listed on SCHEDULE 4.5.3 (collectively, "Permits") to the extent such Permits may be transferred; (g) [Reserved]; (h) all rights and claims against third parties in respect of the Acquired Assets under express or implied warranties relating to the Acquired Assets from suppliers to the Sellers and all claims and rights of offset under the Property Leases (other than with respect to the lease of Site 30 (Bacchus Pit No. 2) as listed on SCHEDULE A), except to the extent they are primarily related to the Excluded Assets; (i) all batch computers for the ready mix plants which are included in the Acquired Assets; -2- (j) all rights of the Sellers to the names "Eagle Valley" and "Geodyne," each whether used alone or in combination with any other words or symbols, and any related logos, trademarks, trade names, service marks, copyrights and copyright applications relating thereto (the "Intellectual Property"); (k) all other assets and properties owned by the Sellers and primarily used in the Operations as of the Closing Date whether tangible or intangible, real or personal and whether or not located on the Real Property; and (l) all those assets specifically listed in SCHEDULE 1.1(l) hereto. 1.1A. ACQUIRED STAKER ASSETS. On the Closing Date (as defined in SECTION 1.5 below), Staker agrees to sell and deliver to the Sellers, free and clear of all encumbrances except for the encumbrances, liens and other items set forth on SCHEDULE 1.1A (the "Buyer Permitted Encumbrances"), against payment therefor as provided in SECTION 1.3, all of the assets and properties of every kind which are primarily used in the Staker Operations (except for the Buyer Excluded Operations Assets and those Buyer Excluded Assets listed in SECTION 1.2A) including without limitation the following assets (all such assets and properties of Staker are collectively referred to hereinafter as the "Acquired Staker Assets"): (a) all fixtures, vehicles, machinery, equipment, rolling stock, tools, furniture, pallets, phones, office supplies and other items of personal property included on SCHEDULE 1.1A(a) or used primarily in the Staker Operations (as defined in SECTION 5.6.1) (collectively, the "Staker Personal Property"); (b) [Reserved] (c) all right, title and interest in and to all Staker Property Leases (as defined in SECTION 5.6.1); (d) all inventories, including materials, spare parts, equipment, supplies and other similar items listed on SCHEDULE 1.1A(d) or used primarily in the Staker Operations as of the Closing Date (collectively the "Buyer Inventories"); (e) all contracts of the Staker Operations (including purchase orders and supply agreements) that are listed on SCHEDULE 1.1A(e) and, in the Sellers' discretion, any contracts of the Staker Operations not listed on SCHEDULE 1.1A(e) that the Sellers determine to assume within a reasonable time after the Sellers become aware of such contract (the "Buyer Contracts"); (f) the federal, state, local and foreign licenses, permits including without limitation air, water, mining and conditional use permits, certificates of occupancy or use and other governmental approvals or authorizations used in or related to the Staker Operations and listed on SCHEDULE 5.5.3 (collectively, "Buyer Permits") to the extent such Buyer Permits may be transferred; (g) [Reserved]; -3- (h) all rights and claims against third parties relating to the Acquired Staker Assets under express or implied warranties from suppliers to Staker, all claims and rights of offset under the Staker Property Leases, except to the extent primarily related to the Buyer Excluded Assets; (i) [Reserved]; (j) all other assets and properties owned by Staker and used primarily in the Staker Operations as of the Closing Date (excluding the Buyer Excluded Operations Assets) whether tangible or intangible, real or personal and whether or not located on the Staker Real Property; and (k) all those assets specifically listed in SCHEDULE 1.1A(k) hereto. 1.2. EXCLUDED ASSETS. Notwithstanding anything contained in SECTION 1.1 hereof to the contrary, the Sellers are not selling, and the Buyers are not purchasing, any of the following assets owned by the Sellers, all of which shall be retained by the Sellers (collectively, the "Excluded Assets"): (a) The Sellers' originals of books and records relating to the Acquired Assets and the Sellers' purchase and sales activities relating to the Operations and the Acquired Assets prior to the Closing Date, returns of taxes, including all supporting schedules, attachments, work papers and similar documents, for taxes accruing on or before the Closing Date; provided that the Sellers shall provide copies of all the aforementioned documents to the Buyers at the request of the Buyers; provided further, however, that Sellers shall not be required to deliver any pricing information or any information related to the Excluded Assets. (b) Any cash, cash equivalents, short term investments, accounts, accounts receivable, and notes receivable, petty cash, deposit accounts, checks received by the Sellers upon which collection has not been made, and long and short term securities owned by the Sellers as of the Closing Date; (c) the rights which accrue or will accrue to the Sellers under this Agreement; and (d) each of the assets listed on SCHEDULE 1.2 hereto. 1.2A. BUYER EXCLUDED ASSETS. Notwithstanding anything contained in SECTION 1.1A hereof to the contrary, the Buyers are not selling, and the Sellers are not purchasing, any of the following assets owned by the Buyers, all of which shall be retained by the Buyers (collectively, the "Buyer Excluded Assets"): (a) The Buyers' originals of books and records relating to the Acquired Staker Assets and the Buyers' purchase and sales activities relating to the Staker Operations and the Acquired Staker Assets prior to the Closing Date, returns of taxes, including all supporting schedules, attachments, work papers and similar documents, for taxes accruing on or before the Closing Date; provided that the Buyers shall provide -4- copies of all the aforementioned documents to the Sellers at the request of the Sellers; provided further, however, that Buyers shall not be required to deliver any pricing information or any information related to Buyer Excluded Assets. (b) Any cash, cash equivalents, short term investments, accounts, accounts receivable, and notes receivable, petty cash, deposit accounts, checks received by the Buyers upon which collection has not been made, and long and short term securities owned by the Buyers as of the Closing Date; (c) the rights which accrue or will accrue to the Buyers under this Agreement; (d) each of the assets listed on SCHEDULE 1.2A hereto; and (e) any and all assets of Parson. 1.3. PURCHASE PRICE. (a) As consideration for the Acquired Assets and for entering into the contracts and leases set forth in SECTION 1.4, the Buyers shall pay and deliver to the Sellers the sum of $ * in cash (the "Purchase Price") and deliver to the Sellers at the Closing the Acquired Staker Assets. The Purchase Price shall be payable by (i) the delivery to the Sellers in immediately available funds by wire transfer on April 2, 2001 of the amount of $ * (the "Closing Date Payment") and (ii) delivery of the amount of $ * (the "Deferred Payment") pursuant to the terms of SECTION 1.3(b). The Buyers shall also assume those certain leases and other contracts and liabilities of the Sellers as set forth in SECTION 2.1. The Sellers shall assume those certain leases and other contracts and liabilities relating thereto of the Buyers as set forth in SECTION 2.1A. (b) The Buyers shall, subject to any assignment of the right to receive such payment to Bank of America, N.A., as Agent and Lender under that certain Third Amended and Restated Credit Agreement, dated as of June 5, 1998, between USAI and the Lenders thereunder pay to the Sellers the Deferred Payment promptly upon the occurrence, on or prior to the second anniversary of the Closing Date (subject to a six-month extension as provided in the last sentence of this SECTION 1.3(b)), of the following with respect to Site 25C (as listed on SCHEDULE A hereto): (i) The Sellers shall have caused such site to be rezoned, or will have acquired a zoning variance with respect thereto, or will have obtained a final and non-appealable declaratory judgment or other evidence satisfactory to the Buyers that Site 25C is grandfathered under a prior regulatory regime, in any such case allowing the Buyers to extract an unlimited amount of aggregates annually from such site; provided that, in the event such rights terminate in less ----------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. -5- than fifteen years without regard to any renewal rights ("Short Term Rights"), the Deferred Payment shall be pro-rated based on the actual term of such Short Term Rights as a percentage of fifteen years; and provided further that in the event such Short Term Rights are subsequently extended, an additional pro-rated amount of the Deferred Payment shall be paid to the Seller at the time of each such extension based on the term of such extension as a percentage of fifteen years. In no event shall the sum of all Deferred Payments exceed $ * ; and (ii) The Buyers shall have procured, using commercially reasonable efforts, all land, use and operating permits necessary to allow the Buyers to extract aggregates from such site; provided that the term of all such permits shall be at least fifteen years or such lesser period that is at least as long as the term of any Short Term Rights; and (iii) in each case on commercially reason- able terms. In the event that on or prior to the second anniversary of the Closing Date, (x) the Sellers shall have successfully obtained a declaratory judgment that Site 25C is grandfathered under the prior regulatory regime referred to in clause (i) above but such declaratory judgment shall not have become final and non-appealable and (y) such declaratory judgment shall have become final and non-appealable within six months after the second anniversary of the Closing Date and the condition set forth in clause (ii) above shall have been satisfied, then the Sellers shall be entitled to the Deferred Payment in the manner otherwise provided for in this SECTION 1.3(b). (c) The Buyers shall cooperate fully and assist the Sellers in a timely manner in all reasonable respects, but at the Sellers' expense, in connection with the Sellers' efforts to obtain the re-zoning, zoning variance or non-appealable declaratory judgment described in SECTION 1.3(b) (and any necessary permits or approvals), including but not limited to: (i) executing any and all forms, documents, application agreements and pleadings deemed reasonably necessary or desirable by the Sellers, (ii) filing, or permitting Sellers to file, in Buyers' name any and all such forms, documents, applications, agreements and pleadings, (iii) participating, to the extent reasonably requested by Sellers, in the preparation of any and all such forms, documents, applications and pleading and in all hearings and meetings and in any discovery proceedings, trials or appeals, and (iv) permitting Sellers to do such exploratory drilling and testing on such site and to perform such other activities on such site as Sellers shall deem to be reasonably necessary or desirable. ----------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. -6- The Buyers further agree that the Sellers shall have the right to control the content and form of all such forms, documents, applications, agreements and pleadings and the conduct of all discovery, trials, hearings and other proceedings; provided, however, that any action taken in the name of the Buyers shall be subject to the Buyers' prior approval, which shall not be unreasonably withheld, conditioned or delayed. Notwithstanding anything in this SECTION 1.3(c) to the contrary, the Sellers shall not be permitted to take any action, and the Buyers shall not be required to take any action, that would have an adverse effect on the Buyers' business or operations or an adverse effect on the Buyers' rights to engage in quarrying activities on Site 25B. Buyers agree to act promptly and in good faith with respect to their obligations to cooperate with and assist Sellers with respect to the foregoing giving due consideration to the twenty-four month period in which the Sellers must meet the contingencies set forth in this SECTION 1.3. (d) The Purchase Price shall be increased or decreased as follows: (i) Not later than 60 days after the Closing Date, any of the Buyers or the Sellers may make a written claim against the other with respect to an adjustment of the Purchase Price in connection with the implied value of the leases assumed by the Buyers pursuant to SECTION 2.1 as follows: In the event that any of the Buyers or the Sellers believes in good faith that for any operating lease set forth on SCHEDULE 2.1 the amount set forth next to such lease under the column "Agreed Lease Assumption Amount" is incorrect due a mathematical error or a mistake of fact in any numerical input used to calculate such number, then to the extent the aggregate of all "Agreed Lease Assumption Amounts" on SCHEDULE 2.1 is greater or less than $11,435,521 (the "Target Amount"), the Buyers or the Sellers, respectively, shall be entitled to a cash payment equal to the difference between such aggregate amount and the Target Amount. The parties hereto agree that the correct discount rate for all such calculations is seven percent per annum, regardless of any interest rate that may be implicit in any such lease. (ii) The calculation of the Purchase Price shall become final and binding upon the parties on the 60th calendar day following the Closing Date unless the Sellers or the Buyers deliver written notice of their claim ("Notice of Claim") to the other party prior to such date. Any Notice of Claim shall specify the amounts used to calculate the Purchase Price with which the Sellers or the Buyers, as the case may be, disagree. If the Sellers or the Buyers send a Notice of Claim, then the Purchase Price (as recalculated in accordance with clause (x) or (y) below) shall become final and binding upon the parties on the earlier of (x) the date the parties hereto resolve in writing any differences they have with respect to any matter specified in the Notice of Claim or (y) the date any disputed amounts are finally determined in accordance with the balance of this paragraph. During the 30-day period following the delivery of a Notice of Claim, the Sellers and the Buyers shall seek in good faith to resolve in writing any differences which they may have with respect to any amount specified in the Notice of Claim or identified by the Buyers or the Sellers during said 30-day period. If, at the end of such 30-day period, the Sellers and the Buyers have not reached agreement on such amounts, the amounts which remain in dispute shall be recalculated by an accounting firm mutually agreed upon by the Sellers and the Buyers (the "Independent Accountants"). The Independent Accountants shall make a ratable allocation of their charges for such work as a part of their determination, -7- based on the proportion by which the amount in dispute was determined in favor of one party or the other. Any amounts so recalculated shall be final and binding on the parties. 1.4. RELATED AGREEMENTS. On or prior to the Closing Date the respective parties referred to below will take the following actions: (a) Each of the Sellers and Parson shall enter into an Assignment and Assumption Agreement substantially in the form attached hereto as Exhibit 1.4(a) (a "Contract Assignment") providing for the transfer of the Contracts listed on SCHEDULE 1.1(e)(i). Each of the Sellers and Staker shall enter into a Contract Assignment providing for the transfer of the Contracts listed on SCHEDULE 1.1(e)(ii). (b) Each of the relevant Sellers and Parson will enter into an agreement or agreements for the assignment by the relevant Sellers to Parson of all of such Sellers' right, title and interest in and to the Property Leases (as defined in SECTION 4.6.1.4) listed on SCHEDULE 1.4(b)(i), substantially in the form attached hereto as EXHIBIT 1.4(b) (a "Lease Assignment"). Each of the relevant Sellers and Staker will enter into a Lease Assignment(s) with respect to the property lease(s) listed on SCHEDULE 1.4(b)(ii). (c) Staker and the Seller will enter into an agreement or agreements for the assignment by Staker to the Seller of all of the Staker's right, title and interest in and to the Property Lease listed on SCHEDULE 1.4(c), substantially in the form attached hereto as EXHIBIT 1.4(c) ("Staker Lease Assignment"). (d) The Sellers and the Buyers will enter into such agreements and other instruments (the "Assumption Agreements"), listed on SCHEDULE 1.4(d) hereto, as may be reasonably required for the Buyers to assume the Assumed Liabilities (as defined in SECTION 2.1 below). (e) The Sellers and Buyers will enter into such agreements and other instruments (the "Seller Assumption Agreements"), listed on SCHEDULE 1.4(e) hereto, as may be reasonably required for the Sellers to assume the Assumed Staker Liabilities (as defined in SECTION 2.1A below). (f) The Sellers shall execute and deliver the bills of sale and assignment (the "Bills of Sale"), listed on SCHEDULE 1.4(f) hereto, from such Sellers to the relevant Buyers covering the items of personal property included in the Acquired Assets. (g) Staker shall execute and deliver the bills of sale and assignment (the "Buyer Bills of Sale"), listed on SCHEDULE 1.4(g) hereto, from Staker to the relevant Sellers covering the items of personal property included in the Acquired Staker Assets. (h) The relevant Sellers shall execute and deliver to the relevant Buyers special warranty deeds to transfer the Owned Property included in the Acquired Assets and listed on SCHEDULE 1.4(h) to the relevant Buyers (the "Deeds") in the form attached hereto as EXHIBIT 1.4(h), together with such other usual and customary documents as the Buyers may request with respect to the transfer of the Owned Property. -8- (i) Staker, as lessee, shall execute leases with the relevant Sellers as lessor with respect to the property listed on SCHEDULE 1.4(i) substantially in the form attached hereto as EXHIBIT 1.4(i). (j) The relevant Seller, as lessee, shall execute a Co-Occupancy Agreement with Staker with respect to the property listed on SCHEDULE 1.4(j) substantially in the form attached hereto as EXHIBIT 1.4(j) (the "Keigley Quarry Co-Occupancy Agreement"). (k) The relevant Sellers and the relevant Buyers will enter into a purchase contract, substantially in the form of Exhibit 1.4(k) hereto, pursuant to which the relevant Buyers shall purchase aggregate from the relevant Sellers. (l) The relevant Buyer shall execute a sublease with respect to the property listed on SCHEDULE 1.4(l), substantially in the form attached hereto as EXHIBIT 1.4(l) (the "Subleases"). (m) The relevant Buyers and relevant Sellers shall enter into an Assignment and Assumption Agreement substantially in the form attached hereto as EXHIBIT 1.4(m) (a "Buyer Contract Assignment") providing for the transfer of the contracts listed on SCHEDULE 1.1A(e)(ii). (n) The relevant Buyer shall execute a co-occupancy agreement with the relevant Seller with respect to the property listed on SCHEDULE 1.4(n), substantially in the form attached hereto as EXHIBIT 1.4(n) (the "Co-Occupancy Agreement"). (o) The relevant Buyer, as licensee, shall enter into a license with Seller with respect to Site 30 (Bacchus Pit No. 2), as listed on SCHEDULE A, substantially in the form attached hereto as EXHIBIT 1.4(o). (p) The relevant Buyers and relevant Sellers shall enter into or execute and deliver any documents listed on SCHEDULE 1.4(p). The documents referred to in this SECTION 1.4 shall be collectively referred to herein as the "Related Agreements." 1.5. CLOSING DATE. The closing (the "Closing") of the purchase and sale of the Acquired Assets shall be held at 10:00 a.m. Eastern time on March 30, 2001 or on any other date or time as is mutually agreed by the parties hereto (such date and time being referred to herein as the "Closing Date"), at the offices of Gibson Dunn & Crutcher LLP, New York, New York, 10166. The Closing shall be effective as of 12:01 a.m., Utah time, on March 31, 2001. 2. LIABILITIES OF THE OPERATIONS. 2.1. LIABILITIES ASSUMED BY BUYERS. As further consideration for consummation of the transactions contemplated hereby, each of the Buyers hereby assumes as of the Closing Date the leases, contracts and agreements set forth on SCHEDULE 2.1 and agrees to perform all obligations thereunder arising after the Closing Date (the "Assumed Liabilities"). -9- 2.1A. LIABILITIES ASSUMED BY SELLERS. As further consideration for consummation of the transfer of the Acquired Staker Assets, each of the Sellers hereby assumes as of the Closing Date the leases, contracts and agreements set forth on SCHEDULE 2.1A and agrees to perform all obligations thereunder arising after the Closing Date (the "Assumed Buyer Liabilities"). 2.2. LIABILITIES NOT ASSUMED BY BUYERS. Except for the Assumed Liabilities, the Buyers are not assuming any debts, obligations or liabilities of the Sellers whatsoever, whether known or unknown, actual or contingent, matured or unmatured, currently existing or arising in the future, including but not limited to the liabilities set forth below, whether such liabilities have been disclosed on the Financial Statements or not (collectively, the "Excluded Liabilities"), which shall remain the sole responsibility of the Sellers (whether or not the Buyers are alleged to have liability as a successor to any of the Sellers): (a) the fees and expenses of legal counsel, auditors, accountants, environmental consultants and environmental engineers retained or employed by the Sellers for services rendered in connection with the preparation, negotiation, execution, delivery and performance of this Agreement and the transactions contemplated hereby; (b) any liability of the Sellers for taxes (as hereinafter defined) which arise, are assessed or become payable or due as of or prior to the Closing Date or arise out of the consummation of the transactions contemplated hereby or become payable by the Sellers as a result of purchases, sales or transfers as of or prior to the Closing Date, or other taxes of any kind or description except current real estate and personal property taxes with respect to the Acquired Assets to the extent such taxes relate to periods subsequent to the Closing Date; (c) any liability or obligation to third parties (contingent or otherwise) of the Sellers arising out of any claim or litigation; (d) any liability or obligation for Environmental Damages; or (e) any liabilities of the Sellers relating to periods prior to the Closing under any third-party leases being transferred to or assumed by the Buyer. 2.2A. LIABILITIES NOT ASSUMED BY SELLERS. Except for the Assumed Buyer Liabilities, the Sellers are not assuming any debts, obligations or liabilities of the Buyers whatsoever, whether known or unknown, actual or contingent, matured or unmatured, currently existing or arising in the future, including but not limited to the liabilities set forth below (collectively, the "Excluded Buyer Liabilities"), which shall remain the responsibility of the Buyers (whether or not the Sellers are alleged to have liability as a successor to any of the Buyers): (a) the fees and expenses of legal counsel, auditors, accountants, environmental consultants and environmental engineers retained or employed by the Buyers for services rendered in connection with the preparation, negotiation, execution, delivery and performance of this Agreement and the transactions contemplated hereby; -10- (b) any liability of the Buyers for taxes (as hereinafter defined) which arise, are assessed or become payable or due as of or prior to the Closing Date or arise out of the consummation of the transactions contemplated hereby or become payable by the Buyers as a result of purchases, sales or transfers as of or prior to the Closing Date, or other taxes of any kind or description except current real estate and personal property taxes with respect to the Acquired Staker Assets to the extent such taxes relate to periods subsequent to the Closing Date; (c) any liability or obligation to third parties (contingent or otherwise) of the Buyers arising out of any claim or litigation; (d) any liability or obligation for Buyer Environmental Damages; (e) any liabilities of the Buyers relating to periods prior to the Closing under any third-party leases being transferred to or assumed by the Sellers; (f) liabilities described in SECTION 6.1; or (g) any liabilities of the Buyers relating to periods prior to the Closing under that certain Dolomite Supply Agreement, dated October 20, 1999, between Staker and Geneva Steel LLC ("Geneva"), which Dolomite Supply Agreement is to be assumed by the Sellers and notwithstanding any obligation of the Sellers to Geneva for such liabilities. 3. ALLOCATION OF PURCHASE PRICE. The parties agree that the amount of the Purchase Price shall be allocated among the Sellers in accordance with the schedules delivered by the Sellers pursuant to SECTION 1.3, and that the amount of the Purchase Price allocated to each Seller, and the fair market value of the Acquired Staker Assets delivered to each Seller, shall be allocated for federal income tax purposes among the Acquired Assets in accordance with SCHEDULE 3, which shall be prepared on a Seller by Seller basis. Subject to the requirements of applicable law, such allocation (and any amendments thereto by reason of adjustments to the Purchase Price hereunder) shall be binding upon the parties for the purposes of filing any return, report or SCHEDULE regarding taxes. 4. REPRESENTATIONS AND WARRANTIES OF THE SELLERS. Each of the Sellers jointly and severally represents and warrants to the Buyers, as of the date hereof and as of the Closing, as follows: 4.1. ORGANIZATION AND QUALIFICATION. Each of the Sellers is duly formed and validly existing as a corporation in good standing under the laws of the State of its incorporation and has all corporate power and authority to own or lease and operate its properties and assets and to carry on its business in the manner in which such business is now being conducted. Monroc is duly qualified to do business as a foreign corporation and is in good standing in the States of Idaho and Utah. None of the Sellers other than Monroc conducts any business outside the State of Utah and is not required to qualify as a foreign corporation in any state. 4.2. AUTHORITY. The Sellers have full power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. This Agreement and all -11- other agreements to be executed in connection herewith by the Sellers have been duly executed and delivered by the Sellers, have been duly authorized by all necessary corporate action by the Sellers (including, without limitation, any required authorization by the board of directors and shareholders of the Sellers) and constitute legal, valid and binding obligations of the Sellers enforceable in accordance with their respective terms. 4.3. FINANCIAL CONDITION. 4.3.1. FINANCIAL STATEMENTS. (a) Attached as SCHEDULE 4.3.1 are copies of certain operating statements of the Sellers (collectively, the "Financial Statements"); (b) The Financial Statements: (i) are correct and complete in all material respects; (ii) present fairly the results of operations included in such Financial Statements for the periods included therein; and (iii) do not omit any information necessary to make such Financial Statements not misleading. (c) The Sellers keep books, records and accounts relating to the Operations that, in reasonable detail, accurately and fairly reflect (A) the transactions and dispositions of assets of the Sellers and (B) the quantity of inventory. Neither the Sellers nor any employee, agent or shareholder of the Sellers, directly or indirectly, has made any payment of funds of any such entity or received or retained any funds in violation of any applicable law, rule or regulation. 4.3.2. ABSENCE OF CERTAIN CHANGES. Since December 31, 2000, each of the Sellers has used reasonable best efforts to preserve the business organization of the Operations intact, to keep available to the Buyers the services of all current employees of the Operations and to preserve the goodwill of the suppliers, customers, employees and others having business relations with the Operations. Since December 31, 2000, each of the Sellers has conducted the Operations in the ordinary course, has maintained the Acquired Assets in at least as good order and condition as existed on December 31, 2000 (other than wear and tear as may be accounted for by reasonable use) and as is necessary to continue to conduct the Operations. Except as set forth on SCHEDULE 4.3.2, since December 31, 2000 there has not been: (a) any material transaction by the Sellers relating to the Operations not in the ordinary and usual course of business; (b) any material adverse change in the financial condition, assets, liabilities, business or prospects of the Operations, taken as a whole; (c) any damage, destruction or loss, whether or not covered by insurance, affecting the Acquired Assets or the Operations; -12- (d) any material alteration in the manner in which the Sellers keep their books, accounts or records relating to the Operations, or in the accounting principles and practices therein reflected; (e) a termination, substantial modification or, to the knowledge of the Sellers, threatened termination or substantial modification of any Sellers' relationship with a material customer of the Operations (other than jobs completed in the ordinary course of business) or supplier or adverse event affecting any product or process used in connection with the Operations; (f) a lease of, or commitment to acquire or lease, any realty or any substantial item of machinery or equipment which would constitute an Acquired Asset; (g) any mortgage, pledge or lien, charge or other encumbrance placed upon any of the Acquired Assets; (h) any sale, assignment or transfer of any asset, property or business relating to the Operations or cancellation of any debt or claim or waiver of any right relating to the Acquired Assets or the Operations, except in the ordinary course of business; (i) any increase in the salary or other compensation payable or to become payable to any employee, officer, director of any of the Sellers relating to the Operations, or the declaration, payment or commitment of any kind for the payment of a bonus or other compensation or benefit to any such employee, officer or director; (j) any commitment for capital expenditures relating to the Operations, except as may have been necessary for ordinary repair, maintenance and replacement; or (k) in general, any material change in the financial condition, operations, business, properties, assets, business prospects or manner of conducting the Operations, other than changes in the ordinary and usual course of business consistent with prior practice. 4.3.3. NO TRANSFERS. Except as listed on SCHEDULE 4.3.3 hereof, the Acquired Assets include all the Personal Property of any kind, including but not limited to vehicles and any other rolling stock, used primarily in the conduct of the Operations as of November 1, 2000. Except as disclosed on SCHEDULE 4.3.3, there has been no transfer of any kind of any such Personal Property on or after November 1, 2000 to any unit, division or other portion of any Seller that is not included in the Operations or to any affiliate of any Seller or to any other third party, nor have there been any substitutions made with respect to any such Personal Property. 4.4. TAX MATTERS. -13- 4.4.1. TAX RETURNS; DISPUTES. Each of the Sellers has filed or has had filed on its behalf, within the time and in the manner prescribed by law, all federal, and all material state and local tax returns and reports required to be filed by it with respect to the Acquired Assets, and has paid all taxes shown to be due thereon. There are no outstanding assessments or taxes otherwise due that if not paid on a timely basis would result, on or after the Closing Date, in any liens for taxes on any of the Acquired Assets. There are no pending or, to the knowledge of each of the Sellers, threatened United States federal or applicable state tax audits involving either any of the Sellers or any of their affiliates, the adverse determination of which could result in a lien upon the Acquired Assets. 4.4.2. SECTION 168. None of the Acquired Assets is tax-exempt use property within the meaning of SECTION 168(h) of the Tax Reform Act of 1986, as amended (the "Code"). None of the Acquired Assets is property that is or will be required to be treated as being owned by another person pursuant to the provisions of SECTION 168(f)(8) of the Internal Revenue Code of 1954, as amended and in effect immediately prior to the enactment of the Code. 4.4.3. FIRPTA. None of the Sellers is a foreign person within the meaning of SECTION 1445(f)(3) of the Code. 4.4.4. TAX DEFINITIONS. As used in this Agreement, the term "tax return" includes any material report, statement, form, return or other document or information required to be supplied to a taxing authority in connection with taxes. As used in this Agreement, the term "taxes" means any federal, state, local and foreign income or gross receipts tax, alternative or add-on minimum tax, sales and use tax, customs duty and any other tax, charge, fee, levy or other assessment, including, without limitation, property, transfer, occupation, service, license, payroll, franchise, excise, withholding, ad valorem, severance, documentary stamp, gains, premium, windfall profit, employment, rent or other tax, governmental fee or like assessment or charge of any kind whatsoever, together with any interest, fine or penalty thereon, addition to tax, additional amount, deficiency, assessment or governmental charge imposed by any federal, state, local or foreign taxing authority which is payable by any of the Sellers. 4.5. LITIGATION AND CLAIMS. 4.5.1. LITIGATION PENDING OR THREATENED. Except as set forth on SCHEDULE 4.5.1, there is no action, suit, claim, arbitration, proceeding or investigation relating to the Acquired Assets or the Operations pending or threatened before any court, tribunal, panel, master or governmental agency, authority or body in which any of the Sellers is a party or which might affect the Acquired Assets or the Operations. SCHEDULE 4.5.1 sets forth all litigation relating to the Acquired Assets or the Operations to which any of the Sellers is party. 4.5.2. OPERATIONS ENJOINED. Neither any of the Sellers, nor any employee, manager or agent of any of the Sellers has been permanently or temporarily enjoined by any order, judgment or decree of any court or tribunal or any other agency from engaging in or continuing any conduct or practice in connection with the Operations. -14- 4.5.3. VIOLATION OF LAW; PERMITS. Except as disclosed on SCHEDULE 4.5.3, none of the Sellers is in material violation of any provision of any law, decree, order or regulation applicable to the Operations or the Acquired Assets, including, without limitation, those relating to antitrust or other anticompetitive practices, to employment practices (such as discrimination, health and safety), and to minority business enterprises. Except as disclosed on SCHEDULE 4.5.3, the Sellers have all Permits required with respect to the Acquired Assets or in the conduct of the Operations and the operation of the Real Property, all of which Permits are set forth on SCHEDULE 4.5.3, and has satisfied all material bonding requirements pertaining to the Operations or the Acquired Assets under federal, state, local and foreign laws, rules and regulations. Except as disclosed on SCHEDULE 4.5.3, all such Permits, other than conditional use permits, may be transferred in accordance with applicable law and assigned to the Buyers without the approval or consent of any third party. With respect to any and all conditional use permits, such conditional use permits run with the land and will be automatically transferred to the relevant Buyer at the Closing; provided, however, that the City of Spanish Fork, Utah has indicated that it will require the issuance of a new conditional use permit upon the transfer of the ready mix plant at Site 91 to Parson. Except as disclosed on SCHEDULE 4.5.3, the present conduct of the Operations is not dependent upon any so-called "non-conforming use" exception nor based upon any zoning variance. To the extent operation of any Real Property is subject to any non-conforming use or zoning variance, Buyers upon Closing will have the right to continue such operations as conducted immediately prior to the Closing. 4.6. PROPERTIES AND ASSETS OF THE SELLERS. Listed on SCHEDULE 4.6(a), are all restrictions on the rights of the Sellers to own or otherwise use all of the Acquired Assets. Except as listed on SCHEDULE 4.6(b), upon consummation of the transactions contemplated by this Agreement the Buyers will acquire good and marketable title to the Acquired Assets, free and clear of all liens, charges, encumbrances, equities and claims (collectively, the "Encumbrances"), except for Permitted Encumbrances; provided that, notwithstanding any other provision of this Agreement or any deed delivered in connection with this Agreement, the Sellers do not warrant title to mineral rights, oil, gas or other hydrocarbon substance rights or water rights except as set forth in SECTIONS 4.6.1(j) and 4.6.1(k). 4.6.1. TITLE TO REAL PROPERTY. (a) Set forth on SCHEDULE 4.6.1(a) is (i) a complete list and description of all real property that is owned by the Sellers and used in the Operations or in which any of the Sellers has legal or equitable title and which is being sold or otherwise transferred to the Buyers (such real property, together with all rights, title privileges and appurtenances pertaining thereto, including, without limitation, all of the Sellers' or any of the Sellers' right, title and interest, if any, in and to (A) any unpaid award for any taking by condemnation or any damage to the premises by reason of a change of grade of any street or highway other than the property listed on SCHEDULE 4.6.1(d), and (B) the items listed on SCHEDULE 4.6(a)), shall be collectively referred to as the "Owned Property") and (ii) a description of each lease of real property under which any of the Sellers is a lessee, lessor, sublessee or sublessor, licensee or sublicensee (the "Leased Property") and which is being used in the Operations. The Owned Property and the Leased Property are sometimes collectively referred to as the "Real Property." -15- (b) Except for Permitted Encumbrances, the Sellers have (i) good and marketable title in fee simple to the Owned Property and to all plants, buildings and improvements thereon and (ii) good and marketable leasehold title to the Leased Property and to all plants, buildings and improvements thereon and the Sellers' interests therein are free and clear in each case of all mortgages, security interests, liens, charges, imperfections of title, encroachments, encumbrances, leases (other than the Property Leases), equities, claims, shares, easements, rights-of-way, squatters' rights, covenants, conditions and restrictions. (c) Except as disclosed on SCHEDULE 4.6.1(c), the buildings and improvements owned or leased by any Seller and used in the Operations, the operation or maintenance thereof as operated and maintained do not (i) contravene any zoning or building law or ordinance or other administrative regulation (including but not limited to those relating to zoning, land division, building, fire, health and safety) or (ii) violate any restrictive covenant or any provision of federal, state, local or foreign law, provided that, in the event the use and operation of any Real Property is a non-conforming use as of the Closing Date, except as disclosed on SCHEDULE 4.6.1(c), (A) the right to continue such non-conforming use is not restricted or terminated upon the consummation of the transactions contemplated by this Agreement, and (B) except as listed on SCHEDULE 4.6.1(c)(B) or as set forth in the applicable zoning ordinances or pursuant to law generally applicable to real property without regard to the specific uses or occupants of such real property, such non-conforming use does not impose conditions or limitations on the continued use and operation of such property, or on the restoration, alteration or expansion thereof, and does not impose costs, expenses or improvements as a condition to or required in connection with such use and operation. The foregoing representations and warranties expressly supersede and survive the delivery of the special warranty deed to any Real Property, notwithstanding any "Permitted Exception" to the contrary in Exhibit "B" to any such special warranty deed. (d) Except as listed on SCHEDULE 4.6.1(d) attached hereto, there is no pending or, to the best knowledge of each Seller, threatened condemnation or eminent domain proceeding with respect to, or that could affect, any Real Property. (e) There is not and has not been, during any period through and including the Closing Date, any substance placed on the Real Property by any Seller, or to the knowledge of any Seller, placed by any other person (including any lessor or predecessor thereto with respect to Leased Property) the presence of which on any Real Property causes or caused a nuisance upon any Real Property or to adjacent properties, except such substances as would not have a material adverse effect on the business, business prospects, financial condition or results of operations of the Operations. (f) To the knowledge of the Sellers, there is not and has not been during any period through and including the Closing Date, any substance, -16- the presence of which on properties adjacent to any Real Property constitutes or constituted a trespass by any of the Sellers, except such substances as would not have a material adverse effect on the business, business prospects, financial condition or results of operations of the Operations. (g) Except as set forth on SCHEDULE 4.6.1(g) attached hereto, to the knowledge of the Sellers, there are no special taxes or assessments, or any planned public improvements that may result in a special tax or assessment, with respect to any Real Property, and there is no special proceeding pending or threatened in which any taxing authority having jurisdiction over any of the Real Property is seeking to increase the assessed value thereof. Except as set forth on SCHEDULE 4.6.1(g) attached hereto, notwithstanding the foregoing, Sellers represent and warrant that (A) they have not received any written or oral notice or communication with respect to, and (B) to the Sellers' knowledge, there has been no public disclosure nor any notice or disclosure in any official record (including any land records), with respect to any such special tax or assessment, planned public improvement, or special proceeding pending or threatened. The foregoing representations and warranties expressly supersede and survive the delivery of the special warranty deed to any Real Property, notwithstanding any "Permitted Exception" to the contrary in Exhibit "B" to any such special warranty deed. (h) Except as set forth on SCHEDULE 4.6.1(h), there are no strips or gores with respect to or affecting any parcel of Real Property (or portion thereof) which cause any related parcels of land to be non-contiguous. Except as set forth on SCHEDULE 4.6.1(h), each parcel of Real Property owned by any of the Sellers has a right of access to and from such parcel. (i) All utilities required for the operation of each Real Property either enter such Real Property through adjoining streets or, if they pass through adjoining land, do so in accordance with valid public easements or irrevocable private easements, and all of such utilities are installed and operating. (j) SCHEDULE 4.6.1(j) is a true and correct list of all owned water rights (herein the "Owned Water Rights") used by the Sellers, or any of them, in connection with the Acquired Assets and/or the Operations. The Sellers are the record or beneficial owners of the Owned Water Rights. The Owned Water Rights and the other water rights the Sellers have pursuant to contract rights (together, the "Water Rights") have been of sufficient quantity and quality to supply the business needs of the Operations at each of the locations of the Operations as conducted prior to the Closing. To the extent the Water Rights include shares of stock or other ownership interests in water or irrigation companies, such Water Rights are being and have been put to use by the Sellers in accordance with all bylaws or other water or irrigation company requirements and all assessments on such shares of stock or ownership interests have been paid in full and are presently paid current. The Water Rights have been approved by the Utah State Engineer for the uses to which they are presently employed in the Operations. The Sellers have no reason to believe that the Water Rights will not -17- be sufficient, in both quantity and quality, for the future business needs of the Operations. The Water Rights have been put to beneficial use by the Sellers and have not been forfeited or abandoned, in whole or in part, under the laws of the State of Utah. (k) Except as listed on SCHEDULE 4.6.1(k), with respect to Sites 25B, 25C and 32 as listed on SCHEDULE A (the "Owned Quarry Properties"), each parcel of Owned Quarry Property which has been used by the Sellers for, or which the Sellers have anticipated using for, mining and extraction of sand, gravel, or limestone, as the case may be, includes all right, title, and interest in and to such sand, gravel or limestone being extracted at such site, as the case may be, located upon or under such parcels of real property and the right to extract and sell or use the same without the obligation to pay royalties or other compensation to any person. With respect to property 11 as listed on SCHEDULE A (the "Leased Quarry Property"), the leasehold interest of the Sellers in the Leased Quarry Property which has been used by the Sellers for, or which the Sellers have anticipated using for, mining and extraction of sand and gravel, or other aggregates, includes the right of the Sellers or their successors in interest to remove from the parcel of Leased Quarry Property such sand, gravel, and aggregates, as the case may be, located upon or under such parcel of real property and the right to extract and sell or use the same without the obligation to pay royalties or other compensation to any person, except as may be provided in the respective lease assumed by the Buyer with respect to the parcel of Leased Quarry Property. 4.6.1.1. MAINTENANCE. Except as set forth on SCHEDULE 4.6.1.1, all of the plants, buildings, material fixtures and other improvements situated on the Real Property and all other material items of property are in adequate and useable condition and in a reasonable state of repair, and maintenance of such items has not been deferred beyond a reasonable time period. 4.6.1.2. ASSESSMENTS. There is no special proceeding pending or, to the knowledge of the Sellers, threatened, in which any taxing authority having jurisdiction over any of the Real Property is seeking to increase the assessed value thereof. 4.6.1.3. Binding Commitments. No binding commitment has been made by any of the Sellers to any governmental authority, utility company or any other organization, group or individual relating to the Real Property or any part thereof which imposes upon or could impose upon any of the Sellers an obligation to make any contribution or dedication of money or land or to construct, install or maintain any improvements of a public or private nature on or off such Real Property. 4.6.1.4. Title Documents. True and complete copies of (a) all leases to which any of the Sellers is a party respecting any Real Property and all other instruments granting such leasehold interests, rights, options or other interests (the "Property Leases") (including all amendments, modifications, extensions and supplements thereto), (b) all deeds, title insurance commitments and policies, maps, plats, surveys, mortgages, agreements -18- and other documents granting any of the Sellers title to or otherwise affecting or evidencing the state of title with respect to any Real Property, and (c) any supplements thereto (collectively, the "Title Documents") have been delivered to the Buyers. With respect to the Title Documents, except as disclosed on SCHEDULE 4.6.1.4, no breach or event of default on the part of any of the Sellers or with respect to the Operations, no breach or event of default on the part of any other party thereto and no event that, with the giving of notice or lapse of time or both, would constitute such breach or event of default under any term, covenant or condition of such Title Documents, have occurred and are continuing unremedied that could materially adversely affect the business, business prospects, financial condition or results of any of the Operations or any such Seller or any real property of any such Seller related to the Operations. 4.6.1.5. NO BREACH OR EVENT OF DEFAULT; PROPERTY LEASES. With respect to the Property Leases, except as disclosed on SCHEDULE 4.6.1.4, no breach or event of default on the part of any Seller (or to the knowledge of Sellers, any other party) under the Property Leases and no event that, with the giving of notice or lapse of time or both would constitute such a breach or event of default, has occurred and is continuing. All the Property Leases are in full force and effect and are valid and enforceable against the parties thereto in accordance with their terms. All rental and other payments due under each of the Property Leases have been duly paid in accordance with the terms of such Property Leases. Except as set forth in SCHEDULE 4.6.1.5 hereto, the assignment of all of the Sellers' right, title and interest in and to the Property Leases pursuant to this Agreement does not require the consent of any party to and will not constitute an event of default under or permit any party to terminate or change the existing terms of any Property Lease. 4.6.1.6. VIOLATION OF LAW. Except as set forth on SCHEDULE 4.6.1.6, none of the Real Property or any condition or activity thereon, any plants, buildings, fixtures, or improvements located thereon, or the current use, operation or maintenance thereof is in violation of any law, rule, regulation, code or ordinance or is in violation of the terms of any restrictive covenant or other encumbrance. To the knowledge of the Sellers, there are no such violations which would prevent the obtaining of, or provide grounds for any jurisdiction to deny the grant of, any subdivision of any Real Property contemplated herein. 4.6.1.7. LOCATION. Except as set forth on SCHEDULE 4.6.1.7, the Sellers do not in the ordinary course of business maintain any assets used in connection with the Operations outside of the State of Utah. 4.6.2. PERSONAL PROPERTY. Except as set forth on SCHEDULE 4.6.2(a) and except for Permitted Encumbrances, the Sellers have good and marketable title to each item of Personal Property free and clear of all liens, leases, encumbrances, claims under bailment and storage agreements, equities, conditional sales contracts, security interests, charges and restrictions, except for liens, if any, for personal property taxes not delinquent. Except as set forth on SCHEDULE 4.6.2(b), all material items of Personal Property are in adequate and useable condition and in a reasonable state of repair, reasonable wear and tear excepted, and material maintenance on such items has not been deferred beyond a reasonable time period. -19- 4.7. INSURANCE. There are no outstanding requirements or recommendations by any insurance company that issued any such policy or by any Board of Fire Underwriters or other similar body exercising similar functions or by any governmental authority exercising similar functions which requires or recommends any repairs or other work to be done on or with respect to any of the Acquired Assets insured in any of said policies. None of the Sellers has received any notice or other communication from any such insurance company within three years preceding the date hereof canceling or materially amending any of said insurance policies relating to the Operations or the Acquired Assets, and to the knowledge of each of the Sellers, no such cancellation or amendment is threatened. There was no material inaccuracy in any application for any such insurance coverage. 4.8. LABOR AND EMPLOYMENT MATTERS. 4.8.1. LABOR AND EMPLOYMENT DEFINITIONS. Capitalized terms used in this SECTION 4.8 which are not otherwise defined in this Agreement shall have the respective meanings as set forth below: "Employee Benefit Plan" shall mean each ERISA Plan and each other pension, profit sharing, retirement, bonus, deferred compensation, stock option, stock purchase, severance pay or insurance plan for officers or employees, which currently is, or within the immediately preceding six years was, established, maintained, contributed to or legally obligated to be contributed to (i) by any of the Sellers or (ii) solely with respect to potential liability of and through any current or former ERISA Affiliate arising or continuing in respect of such plan under SECTION 302 or Title IV of ERISA or SECTION 412 of the Code while such entity was an ERISA Affiliate, by such current or former ERISA Affiliate. "ERISA" shall mean the Employee Retirement Income Security Act of 1974, as amended. "ERISA Affiliate" shall mean any corporation which is a member of a controlled group of corporations with any of the Sellers within the meaning of SECTION 414(b) of the Code, a trade or business (including a sole proprietorship, partnership, trust, estate or corporation) which is under common control with any of the Sellers within the meaning of SECTION 414(c) of the Code or a member of an affiliated service group with any of the Sellers within the meaning of SECTION 414(m) or (o) of the Code. "ERISA Plan" shall mean any Pension Plan and any Welfare Plan. "Multiemployer Plan" shall mean a plan as defined in SECTION 3(37) of ERISA. "Pension Plan" shall mean each employee pension benefit plan within the meaning of SECTION 3(2) of ERISA which is established, maintained or as to which there is an obligation to contribute by or on behalf of any of the -20- Sellers or any ERISA Affiliate, or under which the employees of any of the Sellers or any ERISA Affiliate receive any benefits. "Welfare Plan" shall mean each employee welfare benefit plan within the meaning of SECTION 3(1) of ERISA which is established, maintained or to which there is an obligation to contribute by or on behalf of any of the Sellers or any ERISA Affiliate, or under which the employees of any of the Sellers or any ERISA Affiliate receive any benefits. 4.8.2. EMPLOYEE BENEFIT PLANS. (a) SCHEDULE 4.8.2 lists each Employee Benefit Plan and clearly identifies each as a Pension Plan, Welfare Plan or other type of Employee Benefit Plan in which employees of the Operation participate. (b) Except as disclosed on SCHEDULE 4.8.2(b), neither any of the Sellers nor any ERISA Affiliate has an obligation to contribute to any Multiemployer Plan in which employees of the Operation participate and has had no such obligation during the six years preceding the Closing Date. (c) Except as disclosed on SCHEDULE 4.8.2(c), neither any of the Sellers nor any ERISA Affiliate maintains or contributes to or has an obligation to contribute to any Pension Plan (other than a Multiemployer Plan) covered by Title IV of ERISA or described as a defined benefit plan (in accordance with ERISA SECTION 3(35)), and has not maintained or contributed to any such plan during the six years preceding the Closing Date. (d) The Sellers have delivered to the Buyers true and correct copies of the following: (i) each ERISA Plan listed on SCHEDULE 4.8.2 and all amendments thereto; and (ii) each trust agreement pertaining to any of the ERISA Plans, including all amendments to such documents. (e) No event has occurred in connection with any Employee Benefit Plan which has resulted, or will or may result in any fine, penalty, assessment or other liability for which any of the Sellers or a transferee of assets from any of such Sellers may be responsible, whether by reason of operation of law or contract. (f) Neither the execution and delivery of this Agreement, including, without limitation, all other agreements to be executed in connection herewith, by the Sellers nor the consummation of the transactions contemplated herein will result in the acceleration or creation of any rights of any person entitled to any benefits under any Employee Benefit Plan. -21- 4.8.3. BENEFIT OBLIGATIONS. All accrued material obligations for payments to any entity, plan or person with respect to any forms of compensation or benefits for employees of any of the Sellers relating to the Operations or any ERISA Affiliate have been paid or are otherwise not the liability of the Buyers. 4.8.4. PERFORMANCE. Each of the Sellers has withheld and paid to the appropriate governmental authorities or is withholding for payment not yet due to such authorities all amounts required to be withheld from the employees of such Seller relating to the Operations, and none of the Sellers is liable for any arrears of such amounts or penalties thereon for failure to comply with any of the foregoing. 4.8.5. COMPENSATION. All reasonably anticipated material obligations of each of the Sellers for salaries, bonuses and other forms of compensation (excluding vacation, holiday and sick pay) payable to the employees of the Operations in respect of the services rendered by any of them have been paid or will be paid in accordance with the Sellers' policies. 4.8.6. RESIGNATIONS. No key employee of the Operations, to the best knowledge of each of the Sellers, plans to be unavailable, if offered employment by the Buyers, as an employee of the Buyers at compensation substantially similar to such employee's present rate of compensation plus bonuses similar to amounts paid in prior years except as disclosed on SCHEDULE 4.8.6. 4.8.7. COLLECTIVE BARGAINING AGREEMENTS. (a) Except as disclosed on SCHEDULE 4.8.7, each of the Sellers is not, and since January 1, 1998 has not been, a party to a collective bargaining agreement with any labor organization with respect to the Operations. No organization or representation question is pending respecting the employees of any of the Sellers, and no such question has been raised with respect to any of the Sellers with respect to the Operations since January 1, 1998. (b) Except as disclosed on SCHEDULE 4.8.7(b), there is no controversy pending between any of the Sellers or any Subsidiary and any of their respective employees related to the Operations. Except as disclosed on SCHEDULE 4.8.7(b), to the knowledge of the Sellers, there is no basis for any claim, grievance, arbitration, negotiation, suit, action or charge of or by any employee of the Sellers with respect to the Operations. No complaint is pending against any of the Sellers or any Subsidiary before the National Labor Relations Board or any state or local agency with respect to the Operations. Each of the Sellers and each of its Subsidiaries has complied, in respect of its employees relating to the Operations, in all material respects with all applicable statutes, regulations, orders and restrictions of the United States of America, all states and other subdivisions thereof, and all agencies and instrumentalities of the foregoing, including those relating to wages, hours, collective bargaining and the payment and withholding of taxes and other sums as required by appropriate governmental authorities. (c) Sellers have furnished the Buyers with copies of all claims, complaints, reports or other documents relating to the Operations in the Sellers' files -22- concerning any of the Sellers or any of their Subsidiaries relating to the Operations or the employees of the Operations made by or against any of the Sellers or any Subsidiary during the past three years pursuant to workers' compensation laws, Title VII of the Civil Rights Act of 1964, the Occupational Safety and Health Act of 1970, the National Labor Relations Act of 1935 or any other federal or state laws relating to employment of labor. 4.8.8. [Reserved] 4.8.9. TERMINATION OF EMPLOYMENT. Effective on the Closing Date, the Sellers have terminated the employment of all employees of the Operations except for the four employees identified in SCHEDULE 6.2. 4.9. COMPENSATION OF AND INDEBTEDNESS TO AND FROM EMPLOYEES. 4.9.1. EMPLOYEE COMPENSATION. SCHEDULE 4.9.1 is a true and complete list of the names and annual compensation (whether in the form of salary, bonus, commission, pension or profit-sharing contributions or other supplemental compensation now or hereafter payable) of the ten (10) highest compensated full time salaried employees of the Operations (the "Employee List"). Such list also identifies each employee of the Operations for whom any of the Sellers provide a vehicle, showing the nature of such arrangement and the annual cost to such Seller. Since December 31, 2000, except as disclosed on SCHEDULE 4.9.1, there has been no material change in the rate of total compensation for services rendered, including, without limitation, bonuses and deferred compensation, for any of the employees listed on the Employee List that was made without prior consultation with the Buyers, and the bonuses and deferred compensation established for the year ending December 31, 2000 were consistent with the past practices of each of the Sellers for similar employees in similar situations. 4.9.2. INDEBTEDNESS. None of the Sellers is indebted to any employee or agent of the Operations, nor any spouse, child or other relative thereof, in any amount whatsoever other than for compensation for services rendered since the start of the Sellers' current pay period generally utilized for its employees and for business expenses, nor is any employee or agent of the Operations indebted to any of the Sellers except for advances made in the ordinary course of business. 4.10. CONTRACTS AND OTHER INSTRUMENTS. 4.10.1. CONTRACTS. Except as set forth on SCHEDULE 4.10.1, none of the Sellers is a party to any written or oral contracts which are material to the Operations or the Acquired Assets. Sellers have furnished the Buyers with a true and complete copy of all written contracts, obligations or commitments set forth on SCHEDULE 4.10.1, and with accurate descriptions of all oral contracts, obligations or commitments set forth on SCHEDULE 4.10.1. None of the Sellers is in breach of or in default under any of the contracts, obligations or commitments set forth on SCHEDULE 4.10.1 and, to the knowledge of the Sellers, no event has occurred that, with the giving of notice or lapse of time or both, would constitute such a breach or default. Except as set forth on SCHEDULE 4.10.1, the execution and delivery of this -23- Agreement and the consummation of the transactions contemplated hereby will not require the consent of any party (other than the Sellers) to any contract. 4.11. ENVIRONMENTAL MATTERS. 4.11.1. HAZARDOUS MATERIALS. Except as set forth in SCHEDULE 4.11.1: (i) neither the Sellers, nor, to the knowledge of the Sellers, any prior owner, tenant, occupant or user of the Real Property, nor any other person or concern, has engaged in or permitted any operations or activities upon, or any use or occupancy of, such property or any portion thereof for the purpose of or the handling, manufacture, treatment, storage, use, generation, release, discharge, refining, dumping or disposal of any Hazardous Materials (whether legal or illegal, accidental or intentional, excluding de minimis quantities of Hazardous Materials that are commonly used in connection with the Operations and which were used and disposed of in accordance with Environmental Requirements) on, under, in or about any such property or transported any Hazardous Materials to, from or across any such property; and (ii) to the knowledge of the Sellers, no Hazardous Materials have migrated or are threatening to migrate from any Real Property upon or beneath other properties, and no Hazardous Materials have migrated or are threatening to migrate from other properties upon, about or beneath any Real Property or Former Real Property. 4.11.2. ENVIRONMENTAL REQUIREMENTS. Except as set forth in SCHEDULE 4.11.2: (i) the Sellers, the Real Property and the existing and, to the knowledge of the Sellers, prior uses and activities thereon, including but not limited to the use, maintenance and operation of any such property, and all activities and conduct of business related thereto, comply and have at all times complied in all material respects with all Environmental Requirements, and no activity on or condition of the Real Property or Former Real Property has constituted or constitutes a nuisance or has constituted or constitutes a tortious condition with respect to any third party; and (ii) neither the Sellers, nor, to the knowledge of the Sellers, any prior owner or occupant of the Real Property, pursuant to any existing or proposed law or regulation, is required now or in the foreseeable future to take any remedial action related to any such property or make any capital improvements in order to place such property or the improvements located thereon in compliance with such law or regulation. 4.11.3. NOTICE OF VIOLATIONS. Except as set forth in SCHEDULE 4.11.3, to Sellers' knowledge: (i) neither the Sellers nor any prior owner or occupant of the Real Property has received notice or other communication concerning or has any knowledge of (A) any violation or alleged violation of Environmental Requirements relating to the Real Property, whether or not corrected or (B) any alleged liability for Environmental Damages (as defined below) relating to the Real Property, and there exists no basis for any lawsuit, claim, proceeding, citation, directive, summons or investigation related to either (A) or (B) being instituted or filed; (ii) no writ, injunction, decree, order or judgment related to the foregoing is outstanding; and (iii) neither the Sellers nor any prior owner or occupant of any such property has been ordered or requested by any regulatory authority to take any step to remedy any condition on any such property whether or not constituting a violation of Environmental Requirements, and no such person or entity has been named a "potentially responsible party" with respect thereto. -24- 4.11.4. POTENTIALLY RESPONSIBLE PARTY. Except as set forth in SCHEDULE 4.11.4, neither the Environmental Protection Agency nor any other federal, state or local authority, nor any other person, corporation, partnership, joint venture, association, trust, estate or other entity or organization has identified any of the Sellers, or, to the knowledge of the Sellers, any prior owner or occupant of any of the Real Property or Former Real Property as a "potentially responsible party" or as a party liable in any way for remediation or clean-up activities relating to the Real Property, or notified any of the Sellers or any prior owner or occupant of any such property that it may in the future identify any of the Sellers or the prior owner or occupant as a "potentially responsible party" or as a party liable in any way for remediation or clean-up activities relating to the Real Property. 4.11.5. ENVIRONMENTAL REPORTS. The Sellers have furnished the Buyer with true and complete copies of all claims, complaints, reports assessments, audits, investigations and other documents in the possession of any of the Sellers made by, on behalf of or against the Sellers relating to the release of Hazardous Material at the Real Property or any potential or actual Environmental Damages incurred by Sellers relating to the Real Property. 4.11.6. DEFINITIONS. For the purposes of this Agreement: (i) "Environmental Damages" means all claims, judgments, damages, losses, penalties, fines, liabilities (including strict liability), encumbrances, liens, costs and expenses of defense of a claim (whether or not such claim is ultimately defeated), good faith settlements of judgment and costs and expenses of reporting, investigating, removing and/or remediating Hazardous Materials, of whatever kind or nature, contingent or otherwise, matured or unmatured, foreseeable or unforeseeable, including without limitation reasonable attorney's fees and disbursements and consultants' fees, any of which are incurred at any time arising out of, based on or resulting from (i) the release of Hazardous Materials into the environment, on or prior to the Closing, upon, beneath, or from any Real Property, Former Real Property or other location (whether or not owned by the Sellers) where the Sellers conducted operations or generated, stored, sent, transported, or disposed of Hazardous Materials, and (ii) any violation of Environmental Requirements by the Sellers on or prior to the Closing. (ii) "Environmental Requirements" means all applicable statutes, regulations, rules, ordinances, codes, policies, advisories, guidance, actions, licenses, permits, orders, approvals, plans, authorizations, concessions, franchises and similar items of all Governmental Authorities and all applicable judicial and administrative and regulatory decrees, judgments and orders and all covenants running with the land that relate to: (A) occupational health or safety; (B) the protection of human health or the environment; (C) the treatment, storage, disposal, handling, release or remediation of Hazardous Materials; or (D) exposure of persons to Hazardous Materials. (iii) "Former Real Property" means any real property in which the Sellers heretofore held but no longer hold a fee, leasehold or other legal, beneficial or equitable interest. -25- (iv) "Governmental Authority" means any governmental agencies, departments, commissions, boards, bureaus, instrumentalities, courts or tribunals of the United States, the states and political subdivisions thereof. (v) "Hazardous Materials" means any substance: (A) the presence of which requires reporting, investigation, removal or remediation under any Environmental Requirement; (B) that is defined as a "hazardous waste," "hazardous substance" or "pollutant" or "contaminant" under any Environmental Requirement; (C) that is toxic, explosive, corrosive, flammable, ignitable, infectious, radioactive, reactive, carcinogenic, mutagenic or otherwise hazardous and is regulated under any Environmental Requirement; (D) the presence of which causes or threatens to cause a nuisance, trespass or other tortious condition or poses a hazard to the health or safety of persons; (E) that contains gasoline, diesel fuel or other petroleum hydrocarbons, PCBs, asbestos or urea formaldehyde foam insulation. 4.12. AGREEMENT NOT IN BREACH OF OTHER INSTRUMENTS. (a) Provided that the consents referenced in SCHEDULE 4.5.3 and SCHEDULE 4.6.1.5 are obtained, the execution and delivery by the Sellers of this Agreement does not, and the consummation of the transactions contemplated hereby will not, result in the creation of any lien, security interest, charge or encumbrance upon the Acquired Assets or the Operations under, conflict with or result in a breach of, create an event of default (or event that, with the giving of notice or lapse of time or both, would constitute an event of default) under, or give any third party the right to accelerate any obligation under, any agreement, mortgage, license, lease, indenture, instrument, order, arbitration award, judgment or decree to which any of the Sellers is a party or by which any of the Sellers, the Acquired Assets or the Operations is bound or affected. (b) Provided that the consents referenced in SCHEDULE 4.5.3 and SCHEDULE 4.6.1.5 are obtained, the execution and delivery by the Sellers of this Agreement does not, and the consummation of the transactions contemplated hereby will not, result in a violation of, or require any authorization, approval, consent or other action by, or registration, declaration or filing with or notice to, any court or administrative or governmental body pursuant to, any statute, law, rule, regulation or ordinance applicable to any of the Sellers. There is no pending or threatened action, suit, proceeding or investigation before or by any court or governmental body or agency, to restrain or prevent the consummation of the transactions contemplated by this Agreement or that might affect the right of the Buyers to own the Acquired Assets or to operate the Operations. 4.13. REGULATORY APPROVALS. Except as set forth on SCHEDULE 4.5.3, the Sellers have obtained all consents, approvals, authorizations and other requirements prescribed by any law, rule or regulation which must be obtained or satisfied by any of the Sellers and, prior to the Closing Date, shall have obtained all such consents, approvals, authorizations and other requirements which are necessary for the Seller to consummate the transactions contemplated by -26- this Agreement. Set forth on SCHEDULE 4.13 is a true and complete list of all consents, approvals, authorizations and other requirements referenced in this SECTION 4.13. 4.14. INVENTORIES. The Inventories of each Seller relating to the Operations as of the Closing Date are good and merchantable, and the quantities of all inventories are reasonable and consistent with past practice of each such Seller. The volume of Inventories set forth in the inventory listing attached as SCHEDULE 4.14 have been determined in accordance with customary industry practices. 4.15. DISCLOSURE. [Reserved] 4.16. BROKERAGE. None of the Sellers, nor any employee or agent of any of the Sellers, has dealt with any finder or broker in connection with any of the transactions contemplated by this Agreement or the negotiations looking toward the consummation of such transactions who may be entitled to a fee in connection therewith. Any fees payable to any finder or broker engaged by the Sellers or with whom the Sellers have dealt, shall be the sole responsibility of each of the Sellers and in no circumstance shall the Buyers have any liability therefor. 4.17. CUSTOMERS. Set forth on SCHEDULE 4.17 is a list of the top 10 largest customers of the Operations for the fiscal year ended December 31, 2000. None of the customers of the Operations has terminated or, to the knowledge of the Sellers, indicated an intention or plan to terminate all or a material part of the services performed for or orders historically placed by such customers, and none of the Sellers has reason to believe that any of such customers may terminate all or a material part of such services or orders, whether by reason of the acquisition of the Acquired Assets by the Buyers or for any other reason. None of the Executive Officers (as defined in SECTION 11.15(a)) has received notice of, nor knows of any basis for, any material complaint by any of such customers with respect to services provided or products delivered by any of the Sellers since January 1, 1999. None of the employees primarily responsible for servicing customers listed on SCHEDULE 4.17 has indicated to any of the Executive Officers an intention or plan to terminate his or her employment with any of the Sellers or otherwise be unavailable to the Buyers. 4.18. PRODUCT LIABILITY. Except as set forth in SCHEDULE 4.18, there are no pending or, to the knowledge of the Sellers, threatened product liability, warranty, material backcharge, material additional work, field repair or other claims by any third party (whether based on contract or tort and whether relating to personal injury, including death, property damage or economic loss) arising from (A) services rendered by any of the Sellers during periods through and including the Closing Date, (B) the sale, distribution, erection or installation of products by any of the Sellers prior to the Closing Date, or the manufacture of products by any of the Sellers whether delivered to a customer before or after the Closing Date (except with respect to any liability or obligation arising out of any action by Buyers after the Closing Date) or (C) the Operations or the ownership of the Acquired Assets during the period through and including the Closing Date. -27- 4.19. SOLVENCY. Immediately prior to and as of the date hereof, each of the Sellers was, is, and upon completion of the transactions contemplated herein will be, solvent and generally able to pay its debts as they become due. 4.20. SUFFICIENCY OF ASSETS. Except for the assets described in SECTION 1.2, the Acquired Assets and the property leased by any of the Buyers as lessee pursuant to this Agreement constitute (a) all of the assets and rights that are primarily used in the Operations as they are being conducted as of the date hereof and (b) all the property, real and personal, tangible and intangible, necessary for the conduct by the Buyers of the Operations as they are being conducted as of the date hereof. Except as set forth on SCHEDULE 4.20, none of USAI or any affiliate thereof (other than the Sellers) owns or has rights to any assets, properties, or rights of or primarily used by the Operations. 4.21. PRESERVATION OF DOCUMENTS. Consummation of the transactions contemplated by this agreement does not impose upon the Buyers any obligation to preserve business records of any type in connection with any agreement or understanding between any of the Sellers and the State of Utah. 4.22. HART-SCOTT-RODINO. Sellers have performed (and are responsible for) an independent analysis of the filing requirements under the Hart-Scott-Rodino Anti-Trust Improvements Act of 1976, as amended, and concluded that no filing thereunder is required. 5. REPRESENTATIONS AND WARRANTIES OF THE BUYERS. Each of the Buyers jointly and severally represents and warrants to the Sellers, as of the date hereof and as of the Closing, as follows: 5.1. ORGANIZATION AND QUALIFICATION. Each of the Buyers is duly formed and validly existing as a corporation in good standing under the laws of the State of Utah and has all corporate power and authority to own or lease and operate its properties and assets and to carry on its business in the manner in which such business is now being conducted. 5.2. AUTHORITY. Each of the Buyers has full power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. This Agreement and all other agreements to be executed in connection herewith by any of the Buyers have been duly executed and delivered by the such Buyer, have been duly authorized by all necessary corporate action by the Buyers (including, without limitation, any required authorization by the board of directors and shareholders of such Buyer) and constitute legal, valid and binding obligations of the Buyers enforceable in accordance with their respective terms. 5.3. FINANCIAL CONDITION. 5.3.1. FINANCIAL STATEMENTS. (a) Attached as SCHEDULE 5.3.1 are copies of certain operating statements of Staker (collectively, the Staker Financial Statements); (b) The Staker Financial Statements: (i) are correct in all material respects; (ii) present fairly the results of operations included in such -28- Staker Financial Statements for the periods included therein; and (iii) do not omit any information necessary to make such Staker Financial Statements not misleading. (c) Staker (i) keeps books, records and accounts relating to the Staker Operations that, in reasonable detail, accurately and fairly reflect (A) the transactions and dispositions of assets relating to the Staker Operations and (B) the quantity of inventory. Neither Staker nor any employee, agent or shareholder of Staker, directly or indirectly, has made any payment of funds of Staker relating to the Staker Operations or received or retained any funds relating to the Staker Operations in violation of any applicable law, rule or regulation. 5.3.2. ABSENCE OF CERTAIN CHANGES. Since December 31, 2000, Staker has used reasonable best efforts consistent with past practices to preserve the business organization of the Staker Operations intact, to keep available to the Sellers the services of all current employees of the Staker Operations and to preserve the goodwill of the suppliers, customers, employees and others having business relations with the Staker Operations. Since December 31, 2000, Staker has conducted the Staker Operations in the ordinary course, has maintained the Acquired Staker Assets in at least as good order and condition as existed on December 31, 2000 (other than wear as may be accounted for by reasonable use) and as is necessary to continue to conduct the Staker Operations. Except as set forth on SCHEDULE 5.3.2, since December 31, 2000 there has not been: (a) any material transaction by Staker relating to the Staker Operations not in the ordinary and usual course of business; (b) any material adverse change in the financial condition, assets, liabilities, business or prospects of the Staker Operations, taken as a whole; (c) any damage, destruction or loss relating to the Staker Operations, whether or not covered by insurance, affecting the Acquired Staker Assets or the Staker Operations; (d) any material alteration in the manner in which Staker keeps their books, accounts or records relating to the Staker Operations, or in the accounting principles and practices therein reflected; (e) a termination, substantial modification or, to the knowledge of Staker, threatened termination or substantial modification of any Buyers' relationship with a material customer of the Staker Operations (other than jobs completed in the ordinary course of business) or supplier or adverse event affecting any product or process used in connection with the Staker Operations; (f) a lease of, or commitment to acquire or lease, any realty or any substantial item of machinery or equipment which would constitute an Acquired Staker Asset; -29- (g) any mortgage, pledge or lien, charge or other encumbrance placed upon any of the Acquired Staker Assets; (h) any sale, assignment or transfer of any asset, property or business relating to the Staker Operations or cancellation of any debt or claim or waiver of any right relating to the Acquired Staker Assets or the Staker Operations, except in the ordinary course of business; (i) any increase in the salary or other compensation payable or to become payable to any employee, officer, director of any of Staker relating to the Staker Operations, or the declaration, payment or commitment of any kind for the payment of a bonus or other compensation or benefit to any such employee, officer or director in all cases, other than in the ordinary course of business; (j) any commitment for capital expenditures relating to the Staker Operations, except as may have been necessary for ordinary repair, maintenance and replacement; or (k) in general, any material change in the financial condition, operations, business, properties, assets, business prospects or manner of conducting the Staker Operations, other than changes in the ordinary and usual course of business consistent with prior practice. 5.3.3. NO TRANSFERS. Except as listed on SCHEDULE 5.3.3 hereof, the Acquired Staker Assets include all the Staker Personal Property of any kind, including but not limited to vehicles and any other rolling stock, used primarily in the conduct of the Staker Operations as of November 1, 2000. Except as disclosed on SCHEDULE 5.3.3, there has been no transfer of any kind of any such Staker Personal Property on or after November 1, 2000 to any unit, division or other portion of any Buyer that is not included in the Staker Operations or to any affiliate of any Buyer or any other third person, nor have there been any substitutions made with respect to any such Staker Personal Property. 5.4. TAX MATTERS. 5.4.1. TAX RETURNS; DISPUTES. Staker has filed or has had filed on its behalf, within the time and in the manner prescribed by law, all federal, and all material state and local tax returns and reports required to be filed by it with respect to the Acquired Staker Assets and has paid all taxes shown to be due thereon. There are no outstanding assessments or taxes otherwise due that if not paid on a timely basis would result, on or after the Closing Date, in any liens for taxes on any of the Acquired Staker Assets. There are no pending or, to the knowledge of Staker, threatened United States federal or applicable state tax audits involving Staker or any of its affiliates the adverse determination of which could result in a lien upon the Acquired Staker Assets. 5.4.2. SECTION 168. None of the Acquired Staker Assets is tax-exempt use property within the meaning of SECTION 168(h) of the Code. None of the Acquired Staker Assets is property that is or will be required to be treated as being owned by another person -30- pursuant to the provisions of SECTION 168(f)(8) of the Internal Revenue Code of 1954, as amended and in effect immediately prior to the enactment of the Code. 5.4.3. FIRPTA. Staker is not a foreign person within the meaning of SECTION 1445(f)(3) of the Code. 5.5. LITIGATION AND CLAIMS. 5.5.1. LITIGATION PENDING OR THREATENED. Except as set forth on SCHEDULE 5.5.1, there is no action, suit, claim, arbitration, proceeding or investigation relating to the Acquired Staker Assets or the Staker Operations pending or threatened before any court, tribunal, panel, master or governmental agency, authority or body in which Staker is a party and which might affect the Acquired Staker Assets or the Staker Operations. SCHEDULE 5.5.1 sets forth all litigation relating to the Acquired Staker Assets or the Staker Operations to which Staker is party. 5.5.2. OPERATIONS ENJOINED. Neither Staker, nor any employee, manager or agent of Staker has been permanently or temporarily enjoined by any order, judgment or decree of any court or tribunal or any other agency from engaging in or continuing any conduct or practice in connection with the Staker Operations. 5.5.3. VIOLATION OF LAW; PERMITS. Except as disclosed on SCHEDULE 5.5.3, Staker is not in material violation of any provision of any law, decree, order or regulation applicable to the Staker Operations or the Acquired Staker Assets, including, without limitation, those relating to antitrust or other anticompetitive practices, to employment practices (such as discrimination, health and safety), and to minority business enterprises. Except as disclosed on SCHEDULE 5.5.3, Staker has all Permits required with respect to the Acquired Staker Assets or in the conduct of the Staker Operations and the operation of the Staker Real Property, all of which Permits are set forth on SCHEDULE 5.5.3, and has satisfied all material bonding requirements pertaining to the Staker Operations or the Acquired Staker Assets under federal, state, local and foreign laws, rules and regulations. Except as disclosed on SCHEDULE 5.5.3, all such Permits, other than conditional use permits, may be transferred in accordance with applicable law and assigned to the Sellers without the approval or consent of a third party. With respect to any and all conditional use permits, such conditional use permits run with the land and are automatically transferred to the relevant Sellers at the Buyers Closing. Except as disclosed on SCHEDULE 5.5.3, the present conduct of the Staker Operations is not dependent upon any so-called "non-conforming use" exception nor based upon any zoning variance. To the extent operation of any Real Property is subject to any non-conforming use or zoning variance, Sellers upon Closing will have the right to continue such operations as conducted immediately prior to the Closing. 5.6. PROPERTIES AND ASSETS OF STAKER. Except as disclosed on SCHEDULE 5.6(a), Staker owns or otherwise has the right to use all of the Acquired Staker Assets. Except as listed on SCHEDULE 5.6(b), upon consummation of the transactions contemplated by this Agreement the Sellers will acquire good and marketable title to or a leasehold interest in the Acquired Staker Assets, free and clear of all liens, charges, encumbrances, equities and claims (collectively, the "Buyer Encumbrances"), except for the Buyer Permitted Encumbrances; and provided further that, notwithstanding any other provision of this Agreement or any deed delivered in connection -31- with this Agreement, the Buyers do not warrant title to mineral rights or water rights except as set forth in SCHEDULE 5.6.1(j) and SCHEDULE 5.6.1(k). 5.6.1. TITLE TO REAL PROPERTY. (a) Set forth on SCHEDULE 5.6.1(a) is (i) a complete list and description of all real property that is owned by Staker and used in the Staker Operations or in which Staker has legal or equitable title and which is being sold or otherwise transferred to the Sellers (such real property, together with all rights, title privileges and appurtenances pertaining thereto, including, without limitation, all of Staker's or any of Staker's right, title and interest, if any, in and to (A) any unpaid award for any taking by condemnation or any damage to the premises by reason of a change of grade of any street or highway other than the property listed on SCHEDULE 5.6.1(d), and (B) the Items listed on SCHEDULE 5.6(a), shall be collectively referred to as the "Staker Owned Property") and (ii) a description of each lease of real property under which Staker is a lessee, lessor, sublessee or sublessor, licensee or sublicensee (the "Staker Leased Property") and which is being used in the Staker Operations. The Staker Owned Property and the Staker Leased Property and any other real property subject to the Staker Property Leases are sometimes collectively referred to as the "Staker Real Property." (b) Except for those items listed on SCHEDULE 5.6(b), and except for Buyer Permitted Encumbrances, Staker has (i) good and marketable title in fee simple to the Staker Owned Property and to all plants, buildings and improvements thereon and (ii) good and marketable leasehold title to the Staker Leased Property and to all plants, buildings and improvements thereon and Staker's interests therein is free and clear in each case of all mortgages, security interests, liens, charges, imperfections of title, encroachments, encumbrances, leases (other than the Staker Property Leases), equities, claims, shares, easements, rights-of-way, squatters' rights, covenants, conditions and restrictions. (c) Except as disclosed on SCHEDULE 5.6.1(c), the buildings and improvements owned or leased by Staker and used in the Staker Operations, the operation or maintenance thereof as operated and maintained thereon do not (i) contravene any zoning or building law or ordinance or other administrative regulation (including but not limited to those relating to zoning, land division, building, fire, health and safety) or (ii) violate any restrictive covenant or any provision of federal, state, local or foreign law, provided that, in the event the use and operation of any Staker Real Property is a non-conforming use as of the Closing Date, except as disclosed on SCHEDULE 5.6.1(c), (A) the right to continue such non-conforming use is not restricted or terminated upon the consummation of the transactions contemplated by this Agreement, and (B) except as listed on SCHEDULE 5.6.1(c)(B) or as set forth in the applicable zoning ordinance or pursuant to law generally applicable to real property without regard to the specific uses or occupants of such real property, such non-conforming use does not impose conditions or limitations on the continued use and operation of such property, or on the restoration, alteration or expansion thereof, and does not impose costs, -32- expenses or improvements as a condition to or required in connection with such use and operation. The foregoing representations and warranties expressly supersede and survive the delivery of the special warranty deed to any Staker Real Property, notwithstanding any "Permitted Exception" to the contrary in Exhibit "B" to any such special warranty deed. (d) Except as listed on SCHEDULE 5.6.1(d) attached hereto, there is no pending or, to the best knowledge of Staker, threatened condemnation or eminent domain proceeding with respect to, or that could affect, any Staker Real Property. (e) There is not and has not been, during any period through and including the Closing Date, any substance placed on the Staker Real Property by Staker, or to the knowledge of Staker, placed by any other person (including any lessor or predecessor thereto with respect to Staker Leased Property) the presence of which on any Staker Real Property causes or caused a nuisance upon any Staker Real Property or to adjacent properties, except such substances as would not have a material adverse effect on the business, business prospects, financial condition or results of operations of the Staker Operations. (f) To the knowledge of Staker, there is not and has not been during any period through and including the Closing Date, any substance, the presence of which on properties adjacent to any Staker Real Property constitutes or constituted a trespass by Staker, except such substances as would not have a material adverse effect on the business, business prospects, financial condition or results of operations of the Staker Operations. (g) Except as set forth on SCHEDULE 5.6.1(g) attached hereto, to the knowledge of Staker, there are no special taxes or assessments, or any planned public improvements that may result in a special tax or assessment, with respect to any Staker Real Property, and there is no special proceeding pending or threatened in which any taxing authority having jurisdiction over any of the Staker Real Property is seeking to increase the assessed value thereof. Except as set forth on SCHEDULE 5.6.1(g) attached hereto, notwithstanding the foregoing, Buyers represent and warrant that (A) they have not received any written or oral notice or communication with respect to, and (B) to the knowledge of Staker there has been no public disclosure nor any notice or disclosure in any official record (including any land records), with respect to any such special tax or assessment, planned public improvement, or special proceeding pending or threatened. (h) Except as set forth on SCHEDULE 5.6.1(h), there are no strips or gores with respect to or affecting any parcel of Staker Real Property (or portion thereof) which cause any related parcels of land to be non-contiguous. Except as set forth on SCHEDULE 5.6.1(h), each parcel of Staker Real Property owned by Staker has a right of access to and from such parcel. -33- (i) All utilities required for the operation of each Staker Real Property either enter such Staker Real Property through adjoining streets or, if they pass through adjoining land, do so in accordance with valid public easements or irrevocable private easements, and all of such utilities are installed and operating. (j) SCHEDULE 5.6.1(j) is a true and correct list of all owned water rights (herein the "Staker Owned Water Rights") used by Staker in connection with the Acquired Staker Assets and/or the Staker Operations. Staker is the record or beneficial owner of the Staker Owned Water Rights. The Staker Owned Water Rights and the other water rights Staker has pursuant to contract rights (together, the "Staker Water Rights") have been of sufficient quantity and quality to supply the business needs of the Operations at each of the locations of the Operations as conducted prior to the Closing. To the extent the Staker Water Rights include shares of stock or other ownership interests in water or irrigation companies, such Staker Water Rights are being and have been put to use by Staker in accordance with all bylaws or other water or irrigation company requirements and all assessments on such shares of stock or ownership interests have been paid in full and are presently paid current. The Staker Water Rights have been approved by the Utah State Engineer for the uses to which they are presently employed in the Operations. Staker has no reason to believe that the Staker Water Rights will not be sufficient, in both quantity and quality, for the future business needs of the Staker Operations. The Staker Water Rights have been put to beneficial use by Staker and have not been forfeited or abandoned, in whole or in part, under the laws of the State of Utah. (k) With respect to property 1 as listed on SCHEDULE B (the "Owned Staker Quarry Property"), the parcel of Owned Staker Quarry Property which has been used by Staker for, or which Staker has anticipated using for, mining and extraction of sand, gravel, or other aggregates, as the case may be, includes all right, title, and interest in and to such sand, gravel or aggregate being extracted at such site, as the case may be, located upon or under such parcel of real property and the right to extract and sell or use the same without the obligation to pay royalties or other compensation to any person. With respect to property 2 as listed on SCHEDULE B (the "Leased Staker Quarry Property"), the leasehold interest of Staker in the Leased Staker Quarry Property which has been used by Staker for, or which Staker has anticipated using for, mining and extraction of sand, gravel, or other aggregates, includes the right of Staker or its successors in interest to remove from the parcel of Leased Staker Quarry Property such sand, gravel, and aggregates, as the case may be, located upon or under such parcel of real property and the right to extract and sell or use the same without the obligation to pay royalties or other compensation to any person, except as may be provided in the respective lease assumed by the Sellers with respect to the parcel of Leased Staker Quarry Property. 5.6.1.1. MAINTENANCE. Except as set forth on SCHEDULE 5.6.1.1, all of the plants, buildings, material fixtures and other improvements situated on the Staker Real -34- Property and all other material items of property are in adequate and usable condition and in a reasonable state of repair, and maintenance of such items has not been deferred beyond a reasonable time period. 5.6.1.2. ASSESSMENTS. There is no special proceeding pending or, to the knowledge of Staker, threatened, in which any taxing authority having jurisdiction over any of the Staker Real Property is seeking to increase the assessed value thereof. 5.6.1.3. BINDING COMMITMENTS. No binding commitment has been made by Staker to any governmental authority, utility company or any other organization, group or individual relating to the Staker Real Property or any part thereof which imposes upon or could impose upon Staker an obligation to make any contribution or dedication of money or land or to construct, install or maintain any improvements of a public or private nature on or off such Staker Real Property. 5.6.1.4. TITLE DOCUMENTS. True and complete copies of (a) all leases to which any of Staker is a party respecting any Staker Real Property and all other instruments granting such leasehold interests, rights, options or other interests (the "Staker Property Leases") (including all amendments, modifications, extensions and supplements thereto), (b) all deeds, title insurance commitments and policies, maps, plats, surveys, mortgages, agreements and other documents granting any of Staker title to or otherwise affecting or evidencing the state of title with respect to any Staker Real Property, and (c) any supplements thereto (collectively, the "Staker Title Documents") have been delivered to the Sellers. With respect to the Buyer Title Documents, no breach or event of default on the part of Staker with respect to the Staker Operations, no breach or event of default on the part of any other party thereto and no event that, with the giving of notice or lapse of time or both, would constitute such breach or event of default under any term, covenant or condition of such Staker Title Documents, have occurred and are continuing unremedied that could materially adversely affect the business, business prospects, financial condition or results of any of the Staker Operations or Staker or any real property of Staker related to the Staker Operations. 5.6.1.5. NO BREACH OR EVENT OF DEFAULT; PROPERTY LEASES. With respect to the Staker Property Leases, no breach or event of default on the part of any Buyer (or to the knowledge of Buyers, any other party) under the Staker Property Leases and no event that, with the giving of notice or lapse of time or both would constitute such a breach or event of default, has occurred and is continuing. All the Staker Property Leases are in full force and effect and are valid and enforceable against the parties thereto in accordance with their terms. All rental and other payments due under each of the Staker Property Leases have been duly paid in accordance with the terms of such Staker Property Leases. Except as set forth in SCHEDULE 5.6.1.5 hereto, the assignment of all of Staker's right, title and interest in and to the Staker Property Leases pursuant to this Agreement does not require the consent of any party to and will not constitute an event of default under or permit any party to terminate or change the existing terms of any Staker Property Lease. 5.6.1.6. VIOLATION OF LAW. Except as set forth on SCHEDULE 5.6.1.6, none of the Staker Real Property or any condition or activity thereon, any plants, buildings, fixtures, or improvements located thereon, or the current use, operation or -35- maintenance thereof is in violation of any law, rule, regulation, code or ordinance or is in violation of the terms of any restrictive covenant or other encumbrance. 5.6.1.7. LOCATION. Except as set forth on SCHEDULE 5.6.1.7, Staker does not in the ordinary course of business maintain any assets used in connection with the Staker Operations outside of the State of Utah. 5.6.2. PERSONAL PROPERTY. Except as set forth on SCHEDULE 5.6.2(a) and except for Buyer Permitted Encumbrances, Staker has good and marketable title to each item of Staker Personal Property (except for any leased Staker Personal Property) free and clear of all liens, leases, encumbrances, claims under bailment and storage agreements, equities, conditional sales contracts, security interests, charges and restrictions, except for liens, if any, for personal property taxes not delinquent. Except as set forth on SCHEDULE 5.6.2(b), all material items of Staker Personal Property are in adequate and usable condition and in a reasonable state of repair, reasonable wear and tear expected, and material maintenance on such items has not been deferred beyond a reasonable time period. 5.7. INSURANCE. [Reserved] 5.8. LABOR AND EMPLOYMENT MATTERS. 5.8.1. Labor and Employment Definitions. Capitalized terms used in this SECTION 5.8 which are not otherwise defined in this Agreement shall have the respective meanings as set forth below: "Buyer Employee Benefit Plan" shall mean each ERISA Plan and each other pension, profit sharing, retirement, bonus, deferred compensation, stock option, stock purchase, severance pay or insurance plan for officers or employees, which currently is, or within the immediately preceding six years was, established, maintained, contributed to or legally obligated to be contributed to (i) by any of Staker or (ii) solely with respect to potential liability of and through any current or former ERISA Affiliate arising or continuing in respect of such plan under SECTION 302 or Title IV of ERISA or SECTION 412 of the Code while such entity was an ERISA Affiliate, by such current or former ERISA Affiliate. 5.8.2. BUYER EMPLOYEE BENEFIT PLANS. (a) SCHEDULE 5.8.2 lists each Buyer Employee Benefit Plan and clearly identifies each as a Pension Plan, Welfare Plan or other type of Buyer Employee Benefit Plan in which employees of the Staker Operations participate. (b) Except as disclosed on SCHEDULE 5.8.2(b), neither Staker nor any ERISA Affiliate has an obligation to contribute to any Multiemployer Plan in which employees of the Staker Operations participate and has had no such obligation during the six years preceding the Closing Date. (c) Except as disclosed on SCHEDULE 5.8.2(c), neither Staker nor any ERISA Affiliate maintains or contributes to or has an obligation to -36- contribute to any Pension Plan (other than a Multiemployer Plan) covered by Title IV of ERISA or described as a defined benefit plan (in accordance with ERISA SECTION 3(35)), and has not maintained or contributed to any such plan during the six years preceding the Closing Date. (d) Staker has delivered to the Sellers true and correct copies of such of the following documents as the Sellers have requested: (i) each ERISA Plan listed on SCHEDULE 5.8.2 and all amendments thereto; and (ii) each trust agreement pertaining to any of the ERISA Plans, including all amendments to such documents. 5.8.3. BENEFIT OBLIGATIONS. All accrued material obligations for payments to any entity, plan or person with respect to any benefits for employees of Staker relating to the Staker Operations or any ERISA Affiliate have been paid or are otherwise not the liability of the Sellers. 5.8.4. PERFORMANCE. Staker has withheld and paid to the appropriate governmental authorities or is withholding for payment not yet due to such authorities all amounts required to be withheld from the employees of Staker relating to the Staker Operations, and Staker is not liable for any arrears of such amounts or penalties thereon for failure to comply with any of the foregoing. 5.8.5. COMPENSATION. All reasonably anticipated material obligations of Staker for salaries, bonuses and other forms of compensation (excluding vacation, holiday and sick pay) payable to the employees of the Staker Operations in respect of the services rendered by any of them have been paid or will be paid in accordance with the Buyers' policies. 5.8.6. RESIGNATIONS. No key employee of the Staker Operations, to the best knowledge of Staker, plans to be unavailable, if offered employment by the Sellers, as an employee of the Sellers at compensation substantially similar to such employee's present rate of compensation plus bonuses similar to amounts paid in prior years. 5.8.7. COLLECTIVE BARGAINING AGREEMENTS. (a) Except as disclosed on SCHEDULE 5.8.7, Staker is not, and since January 1, 1998 has not been, a party to a collective bargaining agreement with any labor organization with respect to the Staker Operations. No organization or representation question is pending respecting the employees of Staker, and no such question has been raised with respect to Staker with respect to the Staker Operations since January 1, 1998. (b) Except as disclosed on SCHEDULE 5.8.7(b), there is no controversy pending between Staker and any of its respective employees related to the Staker Operations. Except as disclosed on SCHEDULE 5.8.7(b), to the knowledge of Staker, there is no basis for any claim, grievance, arbitration, negotiation, suit, action or charge of or by any employee of Staker with respect to the Staker Operations. No complaint is -37- pending against Staker or before the National Labor Relations Board or any state or local agency with respect to the Staker Operations. Staker has complied, in respect of its employees relating to the Staker Operations, in all material respects with all applicable statutes, regulations, orders and restrictions of the United States of America, all states and other subdivisions thereof, and all agencies and instrumentalities of the foregoing, including those relating to wages, hours, collective bargaining and the payment and withholding of taxes and other sums as required by appropriate governmental authorities. (c) Buyers have furnished the Sellers with copies of all claims, complaints, reports or other documents relating to the Staker Operations in Staker's files concerning Staker relating to the Staker Operations or the employees of the Staker Operations made by or against Staker during the past three years pursuant to workers' compensation laws, Title VII of the Civil Rights Act of 1964, the Occupational Safety and Health Act of 1970, the National Labor Relations Act of 1935 or any other federal or state laws relating to employment of labor. 5.9. COMPENSATION OF AND INDEBTEDNESS TO AND FROM EMPLOYEES. 5.9.1. EMPLOYEE COMPENSATION. SCHEDULE 5.9.1 is a true and complete list of the names and annual compensation (whether in the form of salary, bonus, commission, pension or profit-sharing contributions or other supplemental compensation now or hereafter payable) of the ten (10) highest compensated full time salaried employees of the Staker Operations (the "Buyer Employee List"). Such list also identifies each employee of the Staker Operations for whom Staker provided a vehicle, showing the nature of such arrangement and the annual cost to Staker. Since December 31, 2000, except as disclosed on SCHEDULE 5.9.1, there has been no material change in the rate of total compensation for services rendered, including, without limitation, bonuses and deferred compensation, for any of the employees listed on the Buyer Employee List that was made without prior consultation with the Sellers, and the bonuses and deferred compensation established for the year ending December 31, 2000 were consistent with the past practices of Staker for similar employees in similar situations. 5.9.2. INDEBTEDNESS. Staker is not indebted to any employee or agent of the Staker Operations, nor any spouse, child or other relative thereof, in any amount whatsoever other than for compensation for services rendered since the start of Staker's current pay period generally utilized for its employees and for business expenses, nor is any employee or agent of the Staker Operations indebted to Staker except for advances made in the ordinary course of business. 5.10. CONTRACTS AND OTHER INSTRUMENTS. 5.10.1. CONTRACTS. Except as set forth on SCHEDULE 5.10.1, Staker is not a party to any written or oral contracts which are material to the Staker Operations or the Acquired Staker Assets. Buyers have furnished the Sellers with a true and complete copy of all written contracts, obligations or commitments set forth on SCHEDULE 5.10.1, and with accurate descriptions of all oral contracts, obligations or commitments set forth on SCHEDULE 5.10.1. -38- Staker is not in breach of or in default under any of the contracts, obligations or commitments set forth on SCHEDULE 5.10.1, and to the knowledge of Staker no event has occurred that, with the giving of notice or lapse of time or both, would constitute such a breach or default. Except as set forth on SCHEDULE 5.10.1, the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby will not require the consent of any party (other than the Buyers ) to any Contract. 5.11. ENVIRONMENTAL MATTERS. 5.11.1. HAZARDOUS MATERIALS. Except as set forth in SCHEDULE 5.11.1: (i) neither Staker, nor, to the knowledge of Staker, any prior owner, tenant, occupant or user of the Staker Real Property, nor any other person or concern, has engaged in or permitted any operations or activities upon, or any use or occupancy of, such property or any portion thereof for the purpose of or the handling, manufacture, treatment, storage, use, generation, release, discharge, refining, dumping or disposal of any Hazardous Materials (whether legal or illegal, accidental or intentional, excluding de minimis quantities of Hazardous Materials that are commonly used in connection with the Staker Operations and which were used and disposed of in accordance with Environmental Requirements) on, under, in or about any such property or transported any Hazardous Materials to, from or across any such property; and (ii) to the knowledge of Staker, no Hazardous Materials have migrated or are threatening to migrate from any Staker Real Property upon or beneath other properties, and no Hazardous Materials have migrated or are threatening to migrate from other properties upon, about or beneath any Staker Real Property or Buyer Former Real Property. 5.11.2. ENVIRONMENTAL REQUIREMENTS. Except as set forth in SCHEDULE 5.11.2: (i) Staker, the Staker Real Property and the existing and, to the knowledge of Buyers, prior uses and activities thereon, including but not limited to the use, maintenance and operation of any such property, and all activities and conduct of business related thereto, comply and have at all times complied in all material respects with all Environmental Requirements, and no activity on or condition of the Staker Real Property or Staker Former Real Property (as defined below) has constituted or constitutes a nuisance or has constituted or constitutes a tortious condition with respect to any third party; and (ii) neither Staker, nor, to the knowledge of Staker, any prior owner or occupant of the Staker Real Property, pursuant to any existing or proposed law or regulation, is required now or in the foreseeable future to take any remedial action related to any such property or make any capital improvements in order to place such property or the improvements located thereon in compliance with such law or regulation. 5.11.3. NOTICE OF VIOLATIONS. Except as set forth in SCHEDULE 5.11.3: (i) neither Staker nor any prior owner or occupant of the Staker Real Property has received notice or other communication concerning or has any knowledge of (A) any violation or alleged violation of Environmental Requirements relating to the Staker Real Property, whether or not corrected or (B) any alleged liability for Buyer Environmental Damages (as defined below) relating to the Staker Real Property, and there exists no basis for any lawsuit, claim, proceeding, citation, directive, summons or investigation related to either (A) or (B) being instituted or filed; (ii) no writ, injunction, decree, order or judgment related to the foregoing is outstanding; and (iii) neither Staker nor any prior owner or occupant of any such -39- property has been ordered or requested by any regulatory authority to take any step to remedy any condition on any such property whether or not constituting a violation of Environmental Requirements, and no such person or entity has been named a "potentially responsible party" with respect thereto. 5.11.4. POTENTIALLY RESPONSIBLE PARTY. Except as set forth in SCHEDULE 5.11.4, neither the Environmental Protection Agency nor any other federal, state or local authority, nor any other person, corporation, partnership, joint venture, association, trust, estate or other entity or organization has identified Staker, or, to the knowledge of Staker, any prior owner or occupant of the Staker Real Property or Staker Former Real Property as a "potentially responsible party" or as a party liable in any way for remediation or clean-up activities relating to the Staker Real Property, or notified Staker or any prior owner or occupant of any such property that it may in the future identify Staker, or the prior owner or occupant as a "potentially responsible party" or as a party liable in any way for remediation or clean-up activities relating to the Staker Real Property. 5.11.5. ENVIRONMENTAL REPORTS. Staker has furnished the Sellers with true and complete copies of all claims, complaints, reports assessments, audits, investigations and other documents in the possession of Staker made by, on behalf of or against Staker relating to the release of Hazardous Material at the Staker Real Property or any potential or actual Buyer Environmental Damages incurred by Buyers relating to the Staker Real Property. 5.11.6. DEFINITIONS. For the purposes of this Agreement: (i) "Buyer Environmental Damages" means all claims, judgments, damages, losses, penalties, fines, liabilities (including strict liability), encumbrances, liens, costs and expenses of defense of a claim (whether or not such claim is ultimately defeated), good faith settlements of judgment and costs and expenses of reporting, investigating, removing and/or remediating Hazardous Materials, of whatever kind or nature, contingent or otherwise, matured or unmatured, foreseeable or unforeseeable, resulting from the activities or operations of Staker, including without limitation reasonable attorney's fees and disbursements and consultants' fees, any of which are incurred at any time arising out of, based on or resulting from (i) the release of Hazardous Materials into the environment, on or prior to the Closing, upon, beneath, or from any Staker Real Property, Staker Former Real Property or other location (whether or not owned by Staker) where Staker conducted operations or generated, stored, sent, transported, or disposed of Hazardous Materials relating to the Staker Operations, and/or (ii) any violation of Environmental Requirements by Staker on or prior to the Closing (ii) "Staker Former Real Property" means any real property in which Staker heretofore held but no longer holds a fee, leasehold or other legal, beneficial or equitable interest. 5.12. AGREEMENT NOT IN BREACH OF OTHER INSTRUMENTS. (a) Provided that the consents referenced in SCHEDULE 5.5.3 and SCHEDULE 5.6.1.5 are obtained, the execution and delivery by Staker of this Agreement does not, and the consummation of the transactions contemplated hereby will not, result -40- in the creation of any lien, security interest, charge or encumbrance upon the Acquired Staker Assets or the Staker Operations under, conflict with or result in a breach of, create an event of default (or event that, with the giving of notice or lapse of time or both, would constitute an event of default) under, or give any third party the right to accelerate any obligation under, any agreement, mortgage, license, lease, indenture, instrument, order, arbitration award, judgment or decree to which Staker is a party or by which, any of Staker, the Acquired Staker Assets or the Staker Operations, is bound or affected. (b) Provided that the consents referenced in SCHEDULE 5.5.3 and SCHEDULE 5.6.1.5 are obtained, the execution and delivery by Staker of this Agreement does not, and the consummation of the transactions contemplated hereby will not, result in a violation of, or require any authorization, approval, consent or other action by, or registration, declaration or filing with or notice to, any court or administrative or governmental body pursuant to, any statute, law, rule, regulation or ordinance applicable to Staker. There is no pending or threatened action, suit, proceeding or investigation before or by any court or governmental body or agency, to restrain or prevent the consummation of the transactions contemplated by this Agreement or that might affect the right of the Sellers to own the Acquired Staker Assets or to operate the Staker Operations. 5.13. REGULATORY APPROVALS. Except as set forth on SCHEDULE 5.5.3, Staker has obtained all consents, approvals, authorizations and other requirements prescribed by any law, rule or regulation which must be obtained or satisfied by Staker and, prior to the Closing Date, shall have obtained all such consents, approvals, authorizations and other requirements which are necessary for the Buyer to consummate the transactions contemplated by this Agreement. Set forth on SCHEDULE 5.13 is a true and complete list of all consents, approvals, authorizations and other requirements referenced in this SECTION 5.13. 5.14. INVENTORIES. The inventories of Staker relating to the Staker Operations as of the Closing Date are good and merchantable, and the quantities of all inventories are reasonable and consistent with past practice of Staker. The volume of inventories set forth in the inventory listing attached as SCHEDULE 5.14 have been determined in accordance with customary industry practices. 5.15. DISCLOSURE. [Reserved] 5.16. BROKERAGE. None of the Buyers, nor any employee or agent of either of the Buyers has dealt with any finder or broker in connection with any of the transactions contemplated by this Agreement or the negotiations looking toward the consummation of such transactions who may be entitled to a fee in connection therewith. Any fees payable to any finder or broker engaged by either of the Buyers or with whom either of the Buyers has dealt, shall be the sole responsibility of each the Buyers and in no circumstance shall the Sellers have any liability therefor. 5.17. CUSTOMERS. Set forth on SCHEDULE 5.17 is a complete list of the 10 largest customers of the Staker Operations for the fiscal year ended December 31, 2000. None of the customers of the Staker Operations has terminated or, to the knowledge of Staker, indicated an -41- intention or plan to terminate all or a material part of the services performed for, or orders historically placed by, such customers, and Staker has no reason to believe that any of such customers may terminate all or a material part of such services or orders, whether by reason of the acquisition of the Acquired Staker Assets by the Sellers or for any other reason. None of the Buyer Executive Officers (as defined in SECTION 11.15(b)) has received notice of, nor knows of any basis for, any material complaint by any of such customers with respect to services provided or products delivered by Staker since January 1, 1999. None of the employees primarily responsible for servicing customers listed on SCHEDULE 5.17 has indicated to any of the Buyer Executive Officers an intention or plan to terminate his or her employment with Staker or otherwise be unavailable to the Sellers. 5.18. PRODUCT LIABILITY. Except as set forth in SCHEDULE 5.18, there are no pending or, to the knowledge of Staker, threatened product liability, warranty, material backcharge, material additional work, field repair or other claims by any third party (whether based on contract or tort and whether relating to personal injury, including death, property damage or economic loss) arising from (A) services rendered by Staker during periods through and including Closing Date, (B) the sale, distribution, erection or installation of products by any of Staker prior to the Closing Date, or the manufacture of products by Staker whether delivered to a customer before or after the Closing Date (except with respect to any liability or obligation arising out of any action by Sellers after the Closing Date) or (C) the Staker Operations or the ownership of the Acquired Staker Assets during the period through and including the Closing Date. 5.19. SOLVENCY. Immediately prior to the date hereof, Staker was, is, and upon completion of the transactions contemplated herein will be, solvent and generally able to pay its debts as they become due. 5.20. SUFFICIENCY OF ASSETS. Except for the assets described in SECTION 1.2A, the Acquired Staker Assets and the property leased by any of the Sellers as lessee pursuant to this Agreement constitute (a) all of the assets and rights that are primarily used in the Staker Operations as they are being conducted as of the date hereof and (b) all the property, real and personal, tangible and intangible, necessary for the conduct by the Sellers of the Staker Operations as they are being conducted as of the date hereof. Except as set forth on SCHEDULE 5.20, none of Oldcastle or any affiliate thereof (other than Staker) owns or has rights to any assets, properties, or rights of or relating to the Staker Operations. 5.21. HART-SCOTT-RODINO. Buyers have performed (and are responsible for) an independent analysis of the filing requirements under the Hart-Scott-Rodino Act and have concluded that no filing thereunder is required. 6. EMPLOYEES. 6.1. OBLIGATION TO EMPLOY. Except as provided in SECTION 6.2, nothing in this Agreement shall be construed as an obligation or commitment of the Buyers to offer to hire or hire any employee, officer, former employee or director of any of the Sellers or otherwise assume any liability relating in any way to the employees, former employees, officers or directors of any of the Sellers including but not limited to liabilities for salary payments or -42- Employee Benefit Plans or arising under the Worker Adjustment Retraining and Notification Act ("WARN Act"), the Consolidated Omnibus Budget Reconciliation Act ("COBRA") or any collective bargaining agreement. Sellers, however, do not assume any liability relating in any way to their employees, former employees, officers or directors, including liability for any collective bargaining plans sponsored by the Buyers or arising under the WARN Act, COBRA or any collective bargaining agreement to which the Buyers are a party to the extent any such liability arises from Buyers' acts or omissions after the Closing Date it being understood that Buyer's decision to hire any such individuals will be deemed to have occurred on the Closing Date. The Sellers shall indemnify Buyers with respect to the WARN Act as provided in SECTION 10. 6.2. OFFERS TO EMPLOY. Notwithstanding SECTION 6.1, the Buyers warrant that immediately after the Closing they will extend offers of employment to the four employees listed on SCHEDULE 6.2. To the extent that the Buyers hire any former employee, officer, or director of any of the Sellers, the Buyers agree to make such employee immediately eligible for accident and health plan coverage and any other Welfare Plan coverage that the Buyers make generally available to its other employees and to provide COBRA benefits if such employees are subsequently terminated by the Buyers. Upon the Buyers' request and the written consent of the applicable employees and former employees of the Sellers, the Sellers shall, to the extent permitted by applicable law, reasonably provide to Buyers information from the employment records of employees and former employees of the Seller to assist Buyers in deciding whether to hire any such individuals. 7. SELLERS' CLOSING DELIVERIES. The obligations of the Buyers hereunder shall be subject to the satisfaction, as of the Closing Date, of the following conditions (any of which may be waived, in whole or in part, by the Buyers): 7.1. PERMITS, APPROVALS AND AUTHORIZATIONS. Any and all consents, waivers, permits and approvals from any governmental or regulatory body, and of any corporation or other person or entity required in connection with the execution, delivery or performance of this Agreement or necessary for the Buyers to operate the Operations in the manner in which it is currently operated shall have been duly obtained and shall be in full force and effect on the Closing Date. 7.2. NO CHALLENGE OR VIOLATION OF ORDERS. No investigation, action, suit or proceeding by any governmental or regulatory commission, agency or authority, and no action, suit or proceeding by any other person, firm, corporation or entity, shall be pending or threatened on the Closing Date which challenges this Agreement or the closing of the transactions contemplated hereby, or which claims damages in a material amount as a result of the transactions contemplated hereby. No preliminary or permanent injunction or other order by any court or governmental or regulatory authority, and no statute, rule, regulation, decree or executive order promulgated or enacted by any government or governmental or regulatory authority, that declares this Agreement invalid in any respect or prevents the consummation of the transactions contemplated hereby, shall be in effect. 7.3. CERTAIN DOCUMENTS. The Sellers shall have furnished the Buyers with the following documents: -43- (a) termination statements and instruments of release, in form and substance satisfactory to counsel for the Buyers, releasing and discharging all mortgages, leases, liens, claims, charges, security interests, conditional sales contracts, restrictions or other encumbrances against the Acquired Assets or otherwise providing for the release and discharge of such items upon such terms and conditions as are acceptable to Buyers; (b) a duly executed assignment of title with respect to each motor vehicle transferred to the Buyers hereunder; (c) a copy of the Articles of Incorporation of each of the Sellers, certified by the Utah Department of Commerce Division of Corporations and Commercial Code; (d) a certificate, dated a date proximate to the Closing Date, as to the good standing of each of the Sellers and payment of all applicable state taxes thereby, executed by the appropriate officials of the State of Utah as the case may be and of each other state in which any of the Sellers is qualified as a foreign corporation; (e) the originals, or copies certified to the satisfaction of the Buyers, of all Property Leases and Title Documents with respect to the Real Property; (f) executed originals of all consents, waivers, approvals and authorizations required by law, statute, rule, regulation, contract or agreement to be obtained by any of the Sellers in connection with the consummation of the transactions contemplated hereby; (g) a copy of the resolutions of the board of directors of each of the Sellers authorizing the execution and delivery of this Agreement and each of the other Related Agreements (as identified in SECTION 1.4) to which any of the Sellers is a party and the performance of the transactions contemplated hereby and thereby, certified by the secretary of each such Seller; (h) a certificate as to the incumbency and signature of the officers of each of the Sellers executed by an officer or director of each Seller and by the secretary of each Seller; (i) all other documents required to be produced under this Agreement; (j) letters evidencing the transfers of all necessary operating permits; (k) a power of attorney, substantially in the form attached hereto as EXHIBIT 7.3(p) with respect to property 10 as listed on SCHEDULE A, granting the Buyer the authority and power to take all necessary action on behalf of the relevant Seller to effect a subdivision of such property; (l) executed subordination and non-disturbance agreements from such lenders of the Sellers and USAI as the Buyers request; and -44- (m) landlord estoppels and consents. 7.4. [Reserved]. 7.5. EVIDENCE OF TITLE. The Buyers shall have received (i) a 1970 ALTA Extended Coverage Form Policy of Title Insurance (together with all endorsements and affirmative coverages required by the Buyers) issued by one or more title insurance companies selected by the Buyers, and (ii) a currently dated, in-place survey for each parcel of Real Property prepared by a surveyor approved by the Buyers and registered or licensed in the State in which such Real Property is located in accordance with the 1992 Minimum Standard Detail Requirements for ALTA/ASCM Land Title Surveys and satisfactory to the Buyers. The cost of such title reports and title policies shall have been borne by the Buyers. The cost of surveys shall be borne by the Sellers. 7.6. FIRPTA AFFIDAVIT. Each of the Sellers shall have executed and delivered to the Buyers a certificate of non-foreign status satisfying the requirements of Treas. Reg. SS. 1.1445-2(b)(2)(i). 8. BUYERS' CLOSING DELIVERIES. The obligations of the Sellers hereunder shall be subject to the satisfaction, as of the Closing Date, of the following conditions (any of which may be waived, in whole or in part, by the Sellers): 8.1. PERMITS, APPROVALS AND AUTHORIZATIONS. Any and all consents, waivers, permits and approvals from any governmental or regulatory body and of any corporation or other person required in connection with the execution, delivery and performance of this Agreement or necessary for the Sellers to operate the Staker Operations in the manner in which it is currently operating shall be in full force and effect on the Closing Date. 8.2. NO CHALLENGE OR VIOLATION OF ORDERS. No investigation, action, suit or proceeding by any governmental or regulatory commission, agency or authority, and no action, suit or proceeding by any other person, firm, corporation or entity, shall be pending or threatened on the Closing Date which challenges this Agreement or the closing of the transactions contemplated hereby, or which claims damages in a material amount as a result of the transactions contemplated hereby. No preliminary or permanent injunction or other order by any court or governmental or regulatory authority and no statute, rule, regulation, decree or executive order promulgated or enacted by any government or governmental or regulatory authority, that declares this Agreement invalid in any respect or prevents the consummation of the transactions contemplated hereby, shall be in effect. 8.3. CERTAIN DOCUMENTS. The Buyers shall have furnished the Sellers with the following documents: (a) a copy of the Articles of Incorporation of each of the Buyers, certified by the Utah Department of Commerce Division of Corporations and Commercial Code; -45- (b) a Certificate as to the good standing of each of the Buyers and payment of all applicable state taxes thereby, executed by the appropriate officials of the State of Utah; (c) a copy of the resolutions of the Board of Directors of each of the Buyers, authorizing the execution and delivery of this Agreement and each of the other Related Agreements to which such Buyer is a party and the performance of the transactions contemplated hereby and thereby, certified by the Secretary of such Buyer; (d) a certificate to the incumbency and signature of the officers of each of the Buyers executed by an officer or director of each such Buyer and by the Secretary of such Buyer; (e) the originals, or copies certified to the satisfaction of the Sellers, of all property leases with respect to the Staker Real Property; (f) executed originals of all consents, waivers, approvals and authorizations required by law, statute, rule, regulation, contract or agreement to be obtained by any of the Buyers in connection with the consummation of the transactions contemplated hereby; (g) all other documents required to be produced under this Agreement; and (h) letters evidencing the transfers of all necessary operating permits. 8.4. [Reserved]. 8.5. [Reserved]. 8.6. EVIDENCE OF TITLE. The Sellers shall have received (i) a Policy of Title Insurance (together with all endorsements and affirmative coverages required by the Buyers) issued by one or more title insurance companies selected by the Buyers, and (ii) a currently dated, in-place survey for each parcel of Real Property prepared by a surveyor approved by the Buyers and registered or licensed in the State in which such Real Property is located satisfactory to the Buyers. The cost of such title reports and title policies shall have been borne by the Sellers. The cost of surveys shall be borne by the Buyers. 8.7. FIRPTA AFFIDAVIT. Staker shall have executed and delivered to the Sellers a certificate of non-foreign status satisfying the requirements of Treas. Reg. SS. 1.1445-2(b)(2)(i). 9. ACTIONS AFTER THE CLOSING DATE. The parties covenant to take the following actions after the Closing Date: 9.1. COOPERATION. Subject to any limitations that are required to preserve any applicable attorney-client privilege, for a period of five (5) years from and after the Closing Date, each party agrees to furnish or cause to be furnished to the other parties, its counsel and accountants, upon reasonable request during normal business hours, after not less than three (3) -46- business days prior written notice, such information and assistance relating to such party or its business (including, without limitation, the cooperation of officers and employees and reasonable access to books, records and other data and the right to make copies and extracts therefrom) as is reasonably necessary to: (a) facilitate the preparation for or the prosecution, defense or disposition of any suit, action, litigation or administrative, arbitration or other proceeding or investigation (other than one by or on behalf of one party to this Agreement against another party hereto); or (b) prepare and file any other documents required by governmental or regulatory bodies. The party requesting such information and assistance shall reimburse the other party for all reasonable out-of-pocket costs and expenses incurred by such party in providing such information and assistance. 9.2. FURTHER ASSURANCES. (a) Each of the parties agrees to work diligently, expeditiously and in good faith to consummate the transactions contemplated by this Agreement. From time to time after the Closing Date, (i) each of the parties shall execute and deliver to the other relevant parties such instruments of sale, transfer, conveyance, assignment, consent, assurance, power of attorney, and other such instruments as may be reasonably requested by the Buyers in order to (A) vest in the Buyers all right, title, and interest in and to the Acquired Assets and the Operations and (B) vest in the Sellers all right, title, and interest in and to the Acquired Staker Assets and the Staker Operations; (ii) the parties hereto will execute and deliver such other instruments of sale, transfer, conveyance, assignment, assurance, power of attorney and other such instruments as may be reasonably required by the other parties hereto in order to carry out the purpose and intent of this Agreement and all other agreements to be executed in connection herewith and (iii) shall provide such transition services as are reasonably requested by the other party in order for such other party to achieve full operational ability with respect to the assets acquired by it pursuant to this Agreement. The Buyers and the Sellers shall each provide the other with such assistance as reasonably may be requested by the other in connection with the preparation of any tax return, an audit or examination of any such return by any taxing authority or any judicial or administrative proceeding relating to liability for taxes and shall each retain and provide the other with any records or other information which may be relevant to such a return, audit, examination or proceeding. (b) Anything contained herein to the contrary notwithstanding, this Agreement will not constitute an assignment, an attempted assignment or an agreement to assign any Contract or Permit if an assignment or attempted assignment of the same without the consent of any other party or parties thereto or, in the case of any Permit, the governmental entity that issued or granted such Permit, would constitute a breach thereof or not be permitted by applicable law, or in any way impair the rights of the assignee party thereunder. If any such consent is not obtained prior to the Closing or if an attempted assignment would be ineffective or would impair the Sellers' or the Buyers' rights under any such Contract or Permit so that the Buyers or the Sellers, as the case may be, would not receive all such rights, then the assignor party will (x) use its reasonable best efforts to provide or cause to be provided to the assignee party, to the extent permitted by applicable law, the full benefits of any such Contract or Permit, (y) pay promptly or cause to be paid promptly to the assignee party when received all monies and other properties received by the assignor party with respect to any thereof and (z) enforce, at the request of the assignee party and at the sole expense and for the account of the assignee party, to the extent permitted by applicable law, any and all rights of the assignor party arising from such Contract or Permit against the other party or parties thereto or the issuer or grantor -47- thereof (including the right to elect to terminate such Contract or Permit in accordance with the terms thereof). In addition, each party will take such other actions (at its expense) as may reasonably be requested by the other party in order to place each party, insofar as reasonably possible, in the same position as if such Contract or Permit had been transferred as contemplated hereby and so that all the benefits relating thereto, including possession, use, risk of loss, potential for gain and dominion, control and command, shall inure to the assignee party. In the event that a required consent to the assignment of any lease set forth on SCHEDULE 2.1 is not received, and the Sellers pay-off such lease and transfer the property subject to such lease to the Buyers, then the parties agree that the benefit to the Buyers of such pay-off and transfer, and the payment to be made in connection with such transfer, shall be the value set forth besides such lease in SCHEDULE 2.1 under the column "Agreed Lease Assumption Amount". 9.3. NON-INTERFERENCE. With respect to all real property upon which any of the Buyers and the Sellers conduct business simultaneously, each party agrees not to interfere with the use of such property by any other party operating thereon. 9.4. SELLER'S COVENANTS. (a) Sellers shall use their best efforts to effect legal subdivisions as soon as practicable after the Closing Date of the properties listed on SCHEDULE 9.4(a); including undertaking prompt remediation of any violations with respect their operations that are made a condition of the grant of any such subdivision. (b) Sellers shall obtain all required storm-water or "NPDES" permits for properties leased by the Buyers within ninety days after the Closing Date. The Buyers shall prepare the storm-water pollution prevention plan required with such permits. (c) Sellers shall use their best efforts to promptly obtain an assignment of the permit granted by the State of Utah or any other governmental authority or agency, with respect to excavation, processing and removal operations (and any other activity permitted by such permit) relating to aggregates at property 11 as listed on SCHEDULE A. 9.5. LEGAL OPINIONS. On or prior to April 16, 2001, counsel to the Sellers shall deliver to the Buyers a legal opinion covering such customary matters as the Buyers shall reasonably request. On or prior to April 16, 2001, counsel to the Buyers shall deliver to the Sellers a legal opinion covering such customary matters as the Sellers shall reasonably request. 9.6. BVD OPTION. Promptly after the Closing, the Sellers shall grant an option in favor of the Buyers to assume the BVD lease in Park City. Such option shall have an exercise price of $1, shall be exercisable for a period coterminous with the term of the BVD lease and shall have such other terms and conditions as the Buyers shall reasonably request. 9.7. LEHI PUT RIGHT. In the event that (a) on or prior to June 30, 2001, the Sellers shall not have delivered evidence reasonably satisfactory to the Buyers that the Buyers have good, marketable and insurable title to all of the Buyers' interest in Site 90 as listed on SCHEDULE A ("Lehi") pursuant to that certain Second Amendment to Purchase and Operating Agreement dated March 28, 2001 by and among Peck Rock and Products, LLC, Clay Peck, Cole -48- Peck, Western and Parson, and the Surface Owners Agreement and Mineral Release referred to therein, then (b) the Buyers shall have the right (the "Put Right") to require the Sellers to pay, within 5 business days of the Buyers delivering a written notice to the Sellers (a "Put Notice"), the cash sum of $1,000,000. Such evidence shall include the delivery to Buyers, at Sellers' sole cost and expense, of an updated title insurance policy or an endorsement (the "New Title Policy") to the Buyers' Owner's Title Insurance Policy (Order Number F-53541, 45 Pro Forma 541) dated April 1, 2001 in the amount of $25,000,000 issued by Chicago Title Insurance Company (the "Existing Title Policy"), on the terms and conditions contained in the next following sentence. The New Title Policy shall insure the Co-Occupancy Estate of Buyers described in the Existing Title Policy without the following proviso (with respect to the Surface Owners Agreement) contained in SECTION 17 of SCHEDULE B with respect to "Lehi," as shown on page 29 of the Existing Title Policy: "subject to any claim for loss or damage due to the failure of all required parties to execute the above Agreement," and without any other similar or dissimilar proviso, exception, exclusion or qualification relating to the right, title or interest, power, capacity, authority or competency of any such parties to the Surface Owners Agreement, and the New Title Policy shall otherwise be in the same amount and on all of the other same terms and conditions as the Existing Title Policy. Effective upon receipt of such cash payment, the Buyers shall cease all operations at Lehi, and the Sellers and the Buyers shall take all necessary or desirable actions to restore the parties to their respective rights as if the Closing had not occurred solely with respect to Lehi (it being agreed that $1,000,000 is the portion of the Purchase Price allocable to Lehi for these purposes.) The parties agree to work in good faith to effectuate the intent of this Section 9.7. The Put Right shall cease if a Put Notice shall not have been delivered to the Sellers on or before July 31, 2001. 10. INDEMNIFICATION. 10.1.1. INDEMNIFICATION OF THE BUYERS. Each of the Sellers and USAI jointly and severally shall indemnify and hold harmless each of the Buyers and their Affiliates in respect of any and all claims, losses, diminutions in value, damages, liabilities, and expenses (including, without limitation, settlement costs and any legal or other expenses for investigating or defending any actions or threatened actions) incurred by any of the Buyers or their Affiliates in connection with each and all of the following together with interest on cash disbursements from the date of disbursement by any of the Buyers or their Affiliates in connection therewith at a fluctuating interest rate that is at all times equal to the prime rate in effect from time to time at Citibank (or similar financial institution) in New York on 90-day unsecured loans to substantial and responsible customers: (a) any misrepresentation made by any of the Sellers in this Agreement (including any Schedules or Exhibits hereto) or any Related Agreement or in any document described in SECTION 7.3 (together with the Related Agreements and any document described in SECTION 8.3, the "Ancillary Documents") or any breach of any representation or warranty contained herein or in any Ancillary Document made by any of the Sellers; (b) the breach of any covenant, agreement or obligation of any of the Sellers or USAI contained in this Agreement or any Ancillary Document (provided that with respect to claims arising out of SECTION 6.1, Sellers agree to indemnify the Buyers -49- against all liabilities arising under the WARN Act except to the extent of liabilities arising out of Buyers' failure to fulfill their obligations to hire four employees of the Seller pursuant to SECTION 6.2); (c) any liabilities or obligations (continuing or otherwise) arising from the failure of the Buyers to obtain the protections afforded by compliance with the notification and other requirements of the bulk sales laws in force in the jurisdictions in which such laws may be applicable to any of the Sellers, the Operations, the Acquired Assets or the transactions contemplated hereby; (d) any claims against or debts, liabilities or obligations of any of the Sellers or USAI relating to the Acquired Assets or the Operations not specifically assumed by the Buyers pursuant to this Agreement, whether known or unknown, including, without limitation, Excluded Liabilities; (e) any and all Environmental Damages, whether or not disclosed on SCHEDULES hereto or otherwise known by the Buyers, the Sellers or USAI; (f) any and all taxes and assessments by any taxing authority imposed or assessed after the Closing Date for prior years or portions thereof due to change in land usage or ownership with respect to any Real Property occurring or accruing prior to the Closing Date; (g) claims for breaches of the representations and warranties contained in SECTION 4.6.1; (h) in the event that Reagan Outdoor Advertising, Inc. ("Reagan Outdoor") is able (after notice of this transaction has been delivered to Reagan Outdoor by the Sellers prior to the Closing Date) to successfully assert its alleged right to purchase Sites 25B and 25C (as described on SCHEDULE A hereto), and Reagan Outdoor: (A) purchases such Sites 25B and 25C, the Buyers shall be entitled to the difference (if greater than zero) obtained by subtracting the amount paid by Reagan Outdoor from $7,700,000; (B) purchases less than the entirety of Sites 25B and 25C, the Buyers shall be entitled to the difference obtained by subtracting the amount paid by Reagan Outdoor from such amount as the Buyers and the Sellers determine in good faith is the portion of the Purchase Price allocable to the property so purchased by Reagan Outdoor; and (C) agrees to settle its claims with the Buyers and such settlement amount has been consented to by the Sellers (such consent not to be unreasonably withheld), the Buyers shall be entitled to the amount of such settlement; plus, in the case of any of (A) through (C) above, the legal fees of the Buyers incurred with respect to such event; -50- (i) any claims against or debts, liabilities or obligations relating to the operation by the Sellers of the Acquired Staker Assets or the Staker Operations after the Closing Date; and (j) any claims, losses, diminutions in value, damages, liabilities, and expenses suffered by the Buyers in connection with the Sellers' failure to have good and insurable title to all of its interest in Lehi, whether or not the Put Right is exercised and whether or not the Buyers' ability to exercise the Put Right has expired. Notwithstanding any other provision of this SECTION 10.1.1, Buyer agrees that any claims, losses, diminutions in value, damages, liabilities and expenses incurred by any of the Buyers for which it seeks indemnification pursuant to this SECTION 10.1.1 shall be calculated after subtracting any insurance proceeds net of premiums paid with respect to such insurance proceeds and any tax benefits received by Buyer on account of or relating to such claim, losses, diminution in value, damages, liabilities and expenses. In connection with any claim for indemnification made by any of the Buyers, for which the Sellers and USAI are obligated to indemnify the Buyers pursuant to the terms of this Agreement, Sellers and USAI shall be liable for all punitive damages claimed against or assessed against the Buyers in connection with any such claim; PROVIDED Sellers shall not be liable for any claims for punitive damages originated by the Buyers hereunder. 10.1.2. INDEMNIFICATION OF THE SELLERS. Each of the Buyers and Oldcastle, jointly and severally, shall indemnify and hold harmless each of the Sellers and their Affiliates in respect of any and all claims, losses, diminutions in value, damages, liabilities, and expenses (including without limitation settlement costs, any legal or other expenses for investigating or defending any actions or threatened actions) incurred by any of the Sellers or their Affiliates in connection with each and all of the following together with interest on cash disbursements from the date of disbursement by any of the Buyers or their Affiliates in connection therewith at a fluctuating interest rate that is at all times equal to the prime rate in effect from time to time at Citibank (or similar financial institution) in New York on 90-day unsecured loans to substantial and responsible customers: (a) any misrepresentation made by any of the Buyers in this Agreement (including any SCHEDULEs or Exhibits hereto) or any Ancillary Document or breach of any representation or warranty contained herein or in any Ancillary Document made by any of the Buyers; (b) breach of any covenant, agreement or obligation of any of the Buyers contained in this Agreement or any Ancillary Document; (c) any liabilities or obligations (continuing or otherwise) arising from the failure of the Sellers to obtain the protections afforded by compliance with the notification and other requirements of the bulk sales laws in force in the jurisdictions in which such laws may be applicable to Staker, the Staker Operations, the Acquired Staker Assets or the transactions contemplated hereby; -51- (d) any claims against or debts, liabilities or obligations of any of the Buyers relating to the Acquired Staker Assets or the Staker Operations not specifically assumed by the Sellers pursuant to this Agreement, whether known or unknown including without limitation Buyer Excluded Liabilities; (e) any and all Buyer Environmental Damages, whether or not disclosed on SCHEDULEs hereto or otherwise known by the Buyer or the Sellers; (f) any and all taxes and assessments by any taxing authority imposed or assessed after the Closing Date for prior years or portions thereof due to change in land usage or ownership with respect to any Staker Real Property occurring or accruing prior to the Closing Date; (g) claims for breaches of the representations and warranties contained in SECTION 5.6.1(a); and (h) any claims against or debts, liabilities or obligations relating to the operation by Buyers of the Acquired Assets or the Operations after the Closing Date. Notwithstanding any other provision of this SECTION 10.1.2, Seller agrees that any claims, losses, diminutions in value, damages, liabilities and expenses incurred by any of the Sellers for which it seeks indemnification pursuant to this SECTION 10.1.2 shall be calculated after subtracting any insurance proceeds net of premiums paid in respect of such insurance proceeds and any tax benefits received by Seller on account of or relating to such claim, losses, diminution in value, damages, liabilities and expenses. In connection with any claim for indemnification made by any of the Sellers, for which the Buyers are obligated to indemnify the Sellers pursuant to the terms of this Agreement, Buyers shall be liable for all punitive damages claimed against or assessed against the Sellers in connection with any such claim; PROVIDED Buyers shall not be liable for any claims for punitive damages originated by the Sellers hereunder. 10.2. SURVIVAL. Any claim for indemnification shall survive the Closing, but only for the periods of time set forth in this SECTION 10.2. Any claim for indemnification shall survive the applicable termination date if a party, prior to such termination date, shall have notified the other party in writing, specifying in reasonable detail, the facts that constitute or may give rise to such claim, the basis under this Agreement for such claim and an estimate of the amount of such claim (which estimate shall not be binding). Sellers and Buyers will have no liability (for indemnification or otherwise) with respect to any claim for indemnification unless the notice specified in the immediately prior sentence is delivered to the Sellers or the Buyers, as applicable on or prior to the applicable termination date specified in this SECTION 10.2. 10.2.1. GENERAL CLAIMS. Any claim for indemnification hereunder other than a claim referred to in SECTIONS 10.2.2 and 10.2.3 must be made on or prior to the third anniversary of the Closing Date. 10.2.2. ENVIRONMENTAL CLAIMS. Any claim based upon the breach by any of the Sellers or Buyers of any of its representations, warranties or covenants relating to environmental matters ("Environmental Claims") may be made at any time prior to the fifth anniversary of the Closing Date. -52- 10.2.3. CLAIMS BARRED ONLY BY THE APPLICABLE STATUTE OF LIMITATIONS. Any claim based upon (a) any misrepresentation with respect to SECTIONS 4.1, 4.2, 4.6.1, (except for 4.6.1(c) , (d) , (e), (f) , (g) , (h) and (i), 4.6.2, 5.1, 5.2, 5.6.1 (except for 5.6.1(c), (d), (e) (f), (g), (h) and (i)), or 5.6.2 ("Proper Authority Claim"); (b) any fraudulent or intentional misrepresentation of any of the Sellers or Buyers contained in this Agreement or any other agreement executed by Buyers and Sellers in connection herewith, including any assessment by a taxing authority alleged to arise from a willful, false or fraudulent intent to evade taxes, or from any failure to file a return ("Fraud Claim"); (c) the failure of any of the Sellers or Staker to pay taxes for periods through and including the Closing Date or from a misrepresentation of any of the Sellers with respect to SECTION 4.4 or Staker with respect to SECTION 5.4 ("Tax Claim"); (d) any claim made by Buyers pursuant to SECTIONS 10.1.1(h), (i) or (j) or any claim made by the Sellers pursuant to SECTION 10.1.2(h); and (e) any claim by Buyers with respect to SECTION 6.1 (provided that such claims do not arise out of Buyers' failure to fulfill their obligations to hire four employees of the Seller pursuant to SECTION 6.2), may be made until barred by the applicable statute of limitations. 10.2.4. MAXIMUM AMOUNT. None of the Sellers or Buyers shall be permitted to enforce any claims for indemnification pursuant to SECTIONS 10.1.1(a), 10.1.1(e), 10.1.2(a) or 10.1.2(e) (but not to include Fraud Claims or Proper Authority Claims, none of which shall be subject to this limitation) (each a "Limited Indemnity Claim"), until the aggregate of all Limited Indemnity Claims due to the Sellers collectively or the Buyers collectively, as the case may be, exceeds $200,000 (the "Threshold Amount"). Once the aggregate of Limited Indemnity Claims in excess of the Threshold Amount have been asserted by the Buyers collectively or by the Sellers collectively, all Limited Indemnity Claims, including those below the Threshold Amount, may be pursued unless otherwise limited by this Agreement. 10.2.4.1. The Buyers shall not be permitted to enforce any claims for indemnification in excess of the aggregate amount of $10,000,000 arising under: (a) SECTION 10.1.1(a), SECTION 10.1.1(c), and SECTION 10.1.1(h); (b) SECTION 10.1.1(b), but only to the extent such breaches of covenants, obligations and agreements are by their terms to be performed at or prior to the Closing; (c) SECTION 10.1.1(e), notwithstanding that such Environmental Damages are Excluded Liabilities; and (d) any other claim not set forth in 10.2.4.2. 10.2.4.2. Notwithstanding SECTION 10.2.4.1, the Buyers shall be permitted to enforce any claims for indemnification without limit arising under: (a) SECTION 10.1.1(d), except for Excluded Liabilities described in SECTION 2.2(d) and 10.1.1(e); (b) SECTION 10.1.1(f); -53- (c) SECTION 10.1.1(b) to the extent such breaches of covenants, obligations and agreements are by their terms to be performed after the Closing; (d) SECTION 10.1.1(i); and (e) SECTION 10.1.1(j). 10.2.4.3. Notwithstanding the foregoing SECTIONS 10.2.4.1 and 10.2.4.2, the Buyers shall not be permitted to enforce any claims for indemnification arising from a breach of the representation contained in SECTION 4.6.1(k) in excess of $5,000,000, and the dollar amount of any claim made with respect to a breach of such representation. SECTION 4.6.1(k) shall also count toward and be subject to the $10,000,000 limit on certain claims of the Buyers pursuant to SECTION 10.2.4.1. 10.2.4.4. The Sellers shall not be permitted to enforce any claims for indemnification in excess of the aggregate amount of $2,000,000 arising under: (a) SECTION 10.1.2(a), SECTION 10.1.2(c), and SECTION 10.1.2(g); (b) SECTION 10.1.2(b) but only to the extent such breaches of covenants, obligations and agreements are by their terms to be performed at or prior to the Closing; (c) SECTION 10.1.2(e), notwithstanding that such Buyer Environmental Damages are Excluded Buyer Liabilities. For avoidance of doubt, Sellers are not assuming any environmental obligations of the Buyers with respect to the Acquired Buyer Assets relating to periods on or prior to the Closing; and (d) any other claim not set forth in SECTION 10.2.4.5. 10.2.4.5. Notwithstanding SECTION 10.2.4.4, the Sellers shall be permitted to enforce any claims for indemnification without limit arising under: (a) SECTION 10.1.2(d), except for Excluded Buyer Liabilities described in SECTION 2.2A(d) and SECTION 10.1.2(e); (b) SECTION 10.1.2(f); (c) SECTION 10.1.2(b) to the extent such breaches of covenants, obligations and agreements are by their terms to be performed after the Closing; and (d) SECTION 10.1.2(h). 10.3. DEFENSE BY THE INDEMNIFYING PARTY. In connection with any claim giving rise to indemnity hereunder resulting from or arising out of any claim or legal proceeding by a person other than the indemnified party, the indemnifying party at its sole cost and expense may, upon written notice to the indemnified party received by the indemnified party within -54- 10 calendar days after the indemnifying party's receipt of notice of such claim, assume the defense of any such claim or legal proceeding provided that the indemnifying party acknowledges its obligation to indemnify the indemnified party in respect of the entire amount of the claims asserted therein. If the indemnifying party assumes the defense of any such claim or legal proceeding, the indemnifying party shall select counsel reasonably acceptable to the indemnified party to conduct the defense of such claims or legal proceedings and at its sole cost and expense shall take all steps necessary in the defense or settlement thereof. The indemnifying party shall not consent to a settlement of, or the entry of any judgment arising from, any such claim or legal proceeding, without the prior written consent of the indemnified party (which consent shall not be unreasonably withheld) unless the indemnifying party admits in writing its liability and agrees to hold the indemnified party harmless from and against any losses, damages, expenses and liabilities arising out of such settlement and concurrently with such settlement the indemnifying party pays into court the full amount of all losses, damages, expenses and liabilities to be paid by the indemnifying party in connection with such settlement. The indemnified party shall be entitled to participate in (but not control) the defense of any such action, with its own counsel and at its own expense and shall be entitled to any and all information and documentation relating thereto. If the indemnifying party does not assume (or continue to diligently and competently prosecute) the defense of any such claim or litigation resulting therefrom in accordance with the terms hereof, the indemnified party may defend against such claim or litigation in such manner as it may deem appropriate (and the indemnifying party may participate at its own expense), including, but not limited to, settling such claim or litigation, after giving notice of the same to the indemnifying party but such settlement shall not be made without the prior written consent of the indemnifying party (which consent will not be unreasonably withheld) unless the indemnified party agrees that the indemnifying party is not liable for such claim under this Agreement. 10.4. NOTICE. The parties hereto agree that in the event of any occurrence which may give rise to a claim by an indemnified party hereunder the indemnified party will give prompt notice thereof to the indemnifying party; provided, however, that failure to timely give the notice provided in this SECTION shall not be a defense to the liability of the indemnifying party for such claim, but the indemnifying party may recover any actual damages arising from the indemnified party's failure to give such timely notice. 10.5. WAIVER. The indemnified party agrees that it will not waive any statute of limitations or defense that would increase the liability of the indemnifying party hereunder without (except in connection with pending litigation in which the indemnifying party has not assumed the defense) the consent of the indemnifying party. 11. MISCELLANEOUS PROVISIONS. 11.1. JURISDICTION; Agent for Service. Legal proceedings commenced by any of the Sellers or the Buyers arising out of any of the transactions or obligations contemplated by this Agreement shall be brought exclusively in the federal courts, or in the absence of federal jurisdiction in state courts, in either case in the State of Utah. The Buyers and each of the Sellers irrevocably and unconditionally submit to the jurisdiction of such courts and agree to take any and all future action necessary to submit to the jurisdiction of such courts. The Buyers and each -55- of the Sellers irrevocably waive any objection that they now have or hereafter may have to the laying of venue of any suit, action or proceeding brought in any such court and further irrevocably waive any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. Final judgment against any of the Buyers or Sellers in any such suit shall be conclusive and may be enforced in other jurisdictions by suit on the judgment, a certified or true copy of which shall be conclusive evidence of the fact and the amount of any indebtedness or liability of any of the Buyers or Sellers therein described, or by appropriate proceedings under any applicable treaty or otherwise. 11.2. CONSTRUCTION. This Agreement shall be construed and enforced in accordance with and governed by the internal laws of the State of Utah. 11.3. NOTICES. All notices, requests, demands and other communications called for or contemplated hereunder shall be in writing and shall be deemed to have been duly given when delivered to the party to whom addressed or when sent by telegram, telex or wire (if promptly confirmed by registered or certified mail, return receipt requested, prepaid and addressed) to the parties, their successors in interest, or their assignees at the following addresses, or at such other addresses as the parties may designate by written notice in the manner aforesaid: If to the Buyers: Staker Paving & Construction, Inc. 100 West Center Street North Salt Lake City, Utah 84054 Attention: S. Val Staker Fax: (801) 298-5210 and: Jack B. Parson Companies 2350 South, 1900 West Ogden, Utah 84401 Attention: Rocky Woodruff Fax: (801) 732-4084 With copies to: Oldcastle, Inc. 3333 K Street, N.W. Suite 405 Washington, DC 20007 Attention: Glenn Culpepper Fax: (202) 625-2153 -56- Gibson, Dunn & Crutcher, LLP 200 Park Avenue New York, New York 10166 Attention: Scott A. Kislin, Esq. Tel: (212) 351-4000 Fax: (212) 351-4035 If to the Sellers: U.S. Aggregates, Inc. 4200 Colonnade Parkway, Suite 100 Birmingham, Alabama 35243 Attention: Morris Bishop, President Tel: (205) 970-2400 Fax: (205) 970-2448 With a copy to: Baker, Donelson, Bearman & Caldwell 1800 Republic Centre 633 Chestnut Street Chattanooga, Tennessee 37450-1800 Attention: Louann P. Smith, Esq. Tel: (423) 756-2010 Fax: (423) 756-3447 11.4. PAYMENT OF EXPENSES. Except for real property transfer taxes, the Sellers shall pay any and all taxes due by Sellers arising out of the acquisition of the Operations. Except for Real Property transfer taxes, the Buyers shall pay any and all taxes due by Buyers arising out of the acquisition of the Staker Operations. Transfer, mortgage conveyance and recording taxes payable in connection with the transfer of the real property and the Staker Real Property shall be paid in accordance with the Settlement Sheet attached as EXHIBIT A. Survey costs with respect to the Real Property shall be paid in accordance with the Settlement Sheet attached as Exhibit A. Survey costs with respect to the Staker Real Property shall be paid in accordance with the Settlement Sheet attached as SCHEDULE A. Except as expressly provided to the contrary, the Buyers shall bear their own costs and expenses and the Sellers shall bear their own costs and expenses (including, without limitation, legal fees and expenses) incurred in negotiating, closing and carrying out the transactions contemplated by this Agreement. Real estate, business property and personal property taxes, rentals, payments, receipts and other fees and costs relating to the use of the Acquired Assets shall be prorated between the Sellers and the Buyers as of the Closing Date. 11.5. ASSIGNMENT. Neither this Agreement nor any right, remedy, obligation or liability arising hereunder or by reason hereof nor any of the documents executed in connection herewith may be assigned by any party without the consent of the other parties hereto except that each of the Buyers shall have the right to assign all of its rights and obligations under this Agreement to any affiliate if such transferee corporation agrees to assume all of such Buyer's -57- obligations under this Agreement, provided that such transfer shall not discharge such Buyer from its obligation herewith unless the Sellers consent to such discharge, which consent shall not be unreasonably withheld. Nothing contained herein, expressed or implied, is intended to confer upon any person or entity other than the parties hereto and their successors in interest and permitted assignees any rights or remedies under or by reason of this Agreement unless so stated herein to the contrary. 11.6. AMENDMENTS AND WAIVER. This Agreement and all exhibits and SCHEDULEs hereto set forth the entire understanding of the parties and may be modified only by a written instrument duly executed by each party. Except as herein expressly provided to the contrary, no breach of any covenant, agreement, warranty or representation shall be deemed waived unless expressly waived in writing by the party who might assert such breach. 11.7. SURVIVAL. The covenants, agreements, warranties and representations entered into or made pursuant to this Agreement, irrespective of any investigation made by or on behalf of any party, shall be continuing and shall survive the Closing Date for a period through and including the applicable last day upon which the Buyers may seek indemnification for a breach of such covenant, agreement, warranty or representation under SECTION 10. 11.8. COUNTERPARTS. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument. 11.9. HEADINGS. Headings in this Agreement are for reference purposes only and shall not be deemed to have any substantive effect. 11.10. ATTORNEYS' FEES. In the event that any action or proceeding, including arbitration, is commenced by any party hereto for the purpose of enforcing any provision of this Agreement, the parties to such action, proceeding or arbitration may receive as part of any award, judgment, decision or other resolution of such action, proceeding or arbitration their costs and reasonable attorneys' fees as determined by the person or body making such award, judgment, decision or resolution. Should any claim hereunder be settled short of the commencement of any such action or proceeding, including arbitration, the parties in such settlement shall be entitled to include as part of the damages alleged to have been incurred reasonable costs of attorneys or other professionals in investigating or counseling on such claim. 11.11. BINDING NATURE OF AGREEMENT. All of the terms and provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective executors, heirs, legal representations, successors and permitted assigns. 11.12. SEVERABILITY. Any provision of this Agreement which is invalid, illegal or unenforceable in any jurisdiction will, as to that jurisdiction, be ineffective to the extent of such invalidity, illegality, or unenforceability, without affecting in any way the remaining provisions hereof in such jurisdiction or rendering that or any other provision of this Agreement invalid, illegal or unenforceable in any other jurisdiction. 11.13. SPECIFIC PERFORMANCE. Each of the parties acknowledges that the Acquired Assets and the Operations and the Acquired Staker Assets and Staker Operations covered hereby -58- are unique and that the parties will have no adequate remedy at law and may suffer irreparable damage if any party breaches any covenant contained herein or fail to perform any of their obligations under this Agreement. Accordingly, each of the parties agrees that the other party shall have the right, in addition to any other rights which it may have, to specific performance and equitable injunctive relief if any of the other party shall fail or threaten to fail to perform any of their obligations under this Agreement. 11.14. COMPLETE AGREEMENT. This Agreement, the Exhibits and SCHEDULEs hereto and the documents delivered or to be delivered pursuant to this Agreement contain or will contain the entire agreement between the parties hereto with respect to the transactions contemplated herein and shall supersede all previous oral and written and all contemporaneous oral negotiations, commitments, and understandings. The SCHEDULEs and Exhibits hereto are incorporated by reference. 11.15. KNOWLEDGE OF THE SELLERS AND THE BUYERS. (a) With respect to any representation, warranty or statement contained in this Agreement which is made to the knowledge of the Sellers or the best of the knowledge of the Sellers or to the best knowledge of the Sellers, it is expressly understood and agreed that such knowledge shall include the knowledge of Morris Bishop, Hobart Richey, Bart Smith (CFO) and the President, chief financial officer and chief legal officer of each of the Sellers (with respect to such Seller) (collectively called the "Executive Officers"), after due inquiry. (b) With respect to any representations, warranty or statement contained in this Agreement which is made to the knowledge of the Buyers, it is expressly understood and agreed that such knowledge shall include the knowledge of S. Val Staker and Rocky Woodruff (collectively called the "Buyer Executive Officers"), after due inquiry. 12. DRAFTING PRESUMPTION. Both parties agree that they participated in the drafting of this Agreement and, in the event that any dispute arises in the interpretation or construction of this Agreement, no presumption shall arise that either one party or the other drafted this Agreement. (The remainder of this page is left blank intentionally) -59- IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first written above. STAKER PAVING AND CONSTRUCTION, INC. a Utah corporation By: /s/ -------------------------------- Name: Title: JACK B. PARSON COMPANIES a Utah corporation By: /s/ -------------------------------- Name: Title: OLDCASTLE MATERIALS, INC. a Delaware corporation By: /s/ -------------------------------- Name: Title: VALLEY MATERIALS, INC. a Utah corporation By: /s/ -------------------------------- Name: Title: -60- GEODYNE BECK ROCK PRODUCTS, INC. a Utah corporation By: /s/ -------------------------------- Name: Title: EAGLE VALLEY MATERIALS, INC. a Utah corporation By: /s/ -------------------------------- Name: Title: MONROC, INC. a Delaware corporation By: /s/ -------------------------------- Name: Title: U.S. AGGREGATES, INC. a Delaware corporation By: /s/ -------------------------------- Name: Title: -61- SCHEDULE A
================================================================================================== PARCEL TYPE OF FACILITY -------------------------------------------------------------------------------------------------- GEODYNE BECK ROCK PRODUCTS, INC. 1. [Reserved] 2. Site 26 (Falcon Ridge Hot Plant) Asphalt Plant (adjacent to Falcon Ridge 1616 North Beck Street limestone quarry) Salt Lake City, Utah (Salt Lake County) 3. Site 25A (Falcon Ridge Quarry) Stockpile area 1080 N. Victory Road Salt Lake City, Utah (Salt Lake County) Site 25B (Falcon Ridge Quarry) Falcon Ridge limestone quarry (30 acres) 1050 N. Victory Road Salt Lake City, Utah (Salt Lake County) Site 25C (Falcon Ridge Quarry) Falcon Ridge limestone quarry (18 acres) N. Victory Road Salt Lake City, Utah (Salt Lake County) MONROC, INC. 4. Site 30 Ready mix plant Bacchus Pit No. 2 6420 So. Highway 111 Magna, Utah 84404 5. Site 32 Limestone quarry 1730 Beck Street Salt Lake City, Utah 84116 Tri State Lab Lab 1710 North Beck Street Salt Lake City, Utah 84116 6. Site 38 (Heber) Ready mix plant 150 So. 16th West Heber City, Utah (Wasatch County) 7. Site 44 (Park City) Ready mix plant 4122 Atkinson Road Park City, Utah 84060 (Summit County) 8. Site 47 Ready mix plant Point of the Mountain Draper, Utah (Salt Lake County) --------------------------------------------------------------------------------------------------
Schedule A -1-
-------------------------------------------------------------------------------------------------- 9. Site 90 (Lehi) Ready mix plant 12428 West S.R. 73 Lehi, Utah 84043 (Utah County) VALLEY ASPHALT, INC. 10. Site 91 (Leland) Ready mix plant Leland Yard 1172 South Del Monte Road Spanish Fork, Utah (Utah County) 11. Tooele (no site number) Pit --------------------------------------------------------------------------------------------------
Schedule A -2- SCHEDULE B
================================================================================================== PARCEL TYPE OF FACILITY -------------------------------------------------------------------------------------------------- Staker Paving and Construction 1. Keigley Quarry Quarry with conditional use permit for asphalt plan. 2. Point of the Mountain Pit. --------------------------------------------------------------------------------------------------
Schedule B -1- SCHEDULES TO AGREEMENT OF PURCHASE AND SALE OF ASSETS BY AND AMONG JACK B. PARSON COMPANIES STAKER PAVING AND CONSTRUCTION COMPANY, INC. AS THE BUYERS, VALLEY ASPHALT, INC. GEODYNE BECK ROCK PRODUCTS, INC. EAGLE VALLEY MATERIALS INC. MONROC, INC. WESTERN AGGREGATES, INC. AS THE SELLERS AND U.S. AGGREGATES, INC. OLDCASTLE MATERIALS, INC. SCHEDULE 1.1 PERMITTED ENCUMBRANCES HEBER CITY ---------- 1. Taxes for the year 2001 which are a lien, but are not yet due or payable. 2. Said property is included within the boundaries of Heber Valley Special Service District, Wasatch County Fire Protection District, Wasatch County Water District #1, and Wasatch County Special Service District #21, and is subject to the charges and assessments thereof (Charges are current). 3. Said property is included within the boundaries of Heber City, and is subject to the charges and easements thereof. (Charges are current). 4. Any and all outstanding oil and gas, mining and mineral rights, etc., together with the right of the proprietor of a vein or lode to extract his ore therefrom should the same be found to penetrate or intersect the premises, and the right of ingress and egress for the use of said rights. 5. Recital as found in Right of Way Deed from Investors Group Inc., to State Road Commission of Utah, Recorded April 30, 1962, as Entry No. 83133, in Book 42, at Page 442, of Official Records. The grantors also hereby grant to the grantee permission to located and construct within the grantors land and outside the limits of the highway right of way all irrigation and/or waste water ditches made necessary by the construction of said project. After the above described ditches are constructed, the grantee is thereafter relieved of all responsibility for the maintenance of said ditches. 6. Subject to and together with a right-of-way for access to Monroc Inc. property, through and across the Heber Creeper trackage property within Wasatch Mountain State Park. 7. Any rights, interests, or claims which may exist or arise by reason of the following fact(s) shown on a survey plat entitled "Utah Gravel, Heber City, Utah", dated March 28, 2001, prepared by International Land Services, Inc., Bradley D. Daley LS No. 259684. a. Deed overlap with adjoining property b. Variation of fencelines from deed lines c. Deed encroachment along the southerly property line 2 BACCHUS 2 1. Taxes for the year 2001 which are a lien, but are not yet due or payable. 2. Said property is included within the boundaries of West Valley City, and is subject to the charges and assessments thereof. (Charges are current. Affects a portion of said property). 3. Said property is included within the boundaries of Kearns Improvement District, and is subject to the charges and assessments thereof. (Charges are current. Affects a portion of said property). 4. The terms and provisions of the "Farmland Assessment Act of 1969" in Title 59, Chapter 2, Part 5 of the Utah Code, and amendments thereof, disclosed by that certain Application for Taxation of Agricultural Land, recorded December 6, 1976, as Entry No. 2883805, in Book 4422, at page 1060, of Official Records, which, in part, provides for the right of Salt Lake County to reassess said property for previous years and the collection of additional taxes resulting from any such reassessment. 5. Any special assessments due or to become due for Salt Lake County Service Area No. 1, as disclosed by that certain Resolution recorded December 30, 1993, as Entry No. 5699874, in Book 6841, at page 1030, of Official Records. 6. The following reservations contained in that certain Patent recorded March 23, 1883 in Book V, at page 309, and also that certain patent recorded November 28, 1903, as Entry No. 176136, in Book 5-U, of Deeds, at page 582, of Official Records, to wit: Subject to any vested and accrued water rights for mining, agricultural, manufacturing or other purposes and rights to ditches and reservoir used in connection with such water rights as may be recognized, and acknowledged by the local customs, laws, and decisions of Courts and also subject to the right of the proprietor of a vein or lode to extract and remove his ore therefrom, should the same be found to penetrate or intersect the premises hereby granted as provided by law. 7. Any easements or right of way of the public to use all such highways as may have been established according to law, as disclosed by that certain patent recorded May 14, 1910, in Book 7-E of Deeds, at page 334, of Official Records. 8. A perpetual right of way for highway purposes in favor of the State Road Commission of Utah by instrument recorded March 16, 1943, as Entry No. 947735, in Book 338, at page 348, of Official Records, through and across the following Right of Way for highway known as FAS Project No. 228 across the grantors land is Lot 1, Block 1, SALT LAKE VIEW ADDITION, in the Southeast quarter of the Northwest quarter of Section 22, Township 2 South, Range 2 West, Salt Lake Meridian. Said right of way is a parcel of land, the boundaries of which are described as follows: BEGINNING at the Southeast corner of said Lot 1; thence North 22 feet; thence West 88 feet, more or less; along the North line of said Lot 1, to a point 75 feet, 3 radially distant Southwesterly from the center line of survey of said project; thence Southeasterly 23 feet, more or less, along the arc of a 5654.7 foot radius curve to the right to the South line of said Lot 1; thence East 82 feet, more or less, to the point of BEGINNING, as shown on the Official Map of said project on file in the Office of the State Road Commission of Utah. In executing this Deed, the grantor hereby grants to the State Road Commission of Utah permission to relocate and reconstruct within the grantors land and outside the limits of the above described right of way, all irrigation ditches existing within said limits of above described right of way. 9. A perpetual right of way for highway purposes in favor of THE STATE ROAD COMMISSION OF UTAH, by instrument recorded March 16, 1943, as Entry No. 947736, in Book 338, at page 349, of Official Records, through and across the following: Right of way for highway known as FAS Project No. 228 across the grantors land in Lots 28, 29 and 30, Block 1, SALT LAKE VIEW ADDITION, in the Southeast quarter of the Northwest quarter of Section 22, Township 2 South, Range 2 West, Salt Lake Meridian. Said right of way is a parcel of land, the boundaries of which are described as follows: BEGINNING at the Southeast corner of said Lot 30; thence North 75 feet; thence West 112 feet, more or less, along the North line of said Lot 28, to a point 75 feet radially distant Southwesterly from the center line of survey of said project; thence Southeasterly 78 feet, more or less, along the arc of a 5654.7 foot radius curve to the right, to the South line of said Lot 30; thence East 88 feet, more or less, to the point of BEGINNING, as shown on the Official Map of said project on file in the Office of the State Road Commission of Utah. In executing this Deed, the grantor hereby grants to the STATE ROAD COMMISSION OF UTAH permission to relocate and reconstruct within the grantors land and outside the limits of the above described right of way, all irrigation ditches, existing within said limits of above described right of way. 10. A perpetual right of way for highway purposes in favor of THE STATE ROAD COMMISSION OF UTAH by instrument recorded March 16, 1943, as Entry No. 947737, in Book 338, at page 350, of Official Records, through and across the following: Right of Way for Highway known as FAS Project No. 228, across the grantors land in Lots 26 and 27, Block 1, SALT LAKE VIEW ADDITION, in the Southeast quarter of the Northwest quarter of Section 22, Township 2 South, Range 2 West, Salt Lake Meridian. Said right of way is a parcel of land, the boundaries of which are described as follows: BEGINNING at the Southeast corner of said Lot 27; thence North 50 feet; thence West 125 feet, more or less, along the North line of said Lot 26, to a point 75 feet radially distant Southwesterly from the center line of survey of said project; thence Southeasterly 34 feet, more or less, along the arc of a 5654.7 foot radius curve to the right to the South line of said Lot 27; thence East 112 feet, more or less, to the point of BEGINNING, as shown on the Official Map of said project on file in the office of the State Road Commission of Utah. 4 In executing this Deed, the grantor hereby grants to the STATE ROAD COMMISSION OF UTAH permission to relocate and reconstruct within the grantors land and outside the limits of the above described right of way, all irrigation ditches existing within said limits of above described right of way. 11. A perpetual right of way for highway purposes in favor of THE STATE ROAD COMMISSION OF UTAH by instrument recorded March 16, 1943, as Entry No. 947738, in Book 338, at page 351, of Official Records, through and across the following: Right of way for highway known as FAS Project No. 228 across the grantors land in Lots 17 to 25, inclusive, Block 1, SALT LAKE VIEW ADDITION, in the Southeast quarter of the Northwest quarter of Section 22, Township 2 South, Range 2 West, Salt Lake Meridian. Said right of way is a parcel of land, the boundaries of which are described as follows: Right of Way for highway known as FAS Project No. 228 across the grantors land in Lot 1, Block 1, SALT LAKE VIEW ADDITION, in the Southeast quarter of the Northwest quarter of Section 22, Township 2 South, Range 2 West, Salt Lake Meridian. Said right of way is a parcel of land, the boundaries of which are described as follows: BEGINNING at the Southeast corner of said Lot 1; thence North 22 feet; thence West 88 feet, more or less, along the North line of said Lot 1, to a point 75 feet, radially distant Southwesterly from the center line of survey of said project; thence Southeasterly 23 feet, more or less, along the arc of a 5654.7 foot radius curve to the right to the South line of said Lot 1; thence East 82 feet, more or less, to the point of BEGINNING, as shown on the Official Map of said project on file in the Office of the State Road Commission of Utah. In executing this Deed, the grantor hereby grants to THE STATE ROAD COMMISSION OF UTAH permission to relocate and reconstruct within the grantors land and outside the limits of the above described right of way, all irrigation ditches existing within said limits of above described right of way. 12. A perpetual right of way for highway purposes in favor of THE STATE ROAD COMMISSION OF UTAH by instrument recorded March 16, 1943, as Entry No. 947739, in Book 338, at page 3523, of Official Records, through and across the following: Right of way for highway known as FAS Project No. 228 across the grantors land in Lots 9 to 16, inclusive, Block 1, SALT LAKE VIEW ADDITION, in the Southeast quarter of the Northeast quarter of Section 22, Township 2 South, Range 2 West, Salt Lake Meridian. Said right of way is a parcel of land, the boundaries of which are described as follows: BEGINNING at the Northeast corner of said Lot 16; thence West 68 feet, more or less, to a point 75 feet to a point 75 feet, radially distant Southeasterly 201 feet, more or less, along the arc of a 5654.7 foot radius curve to the right to a point on the East line of said Lot 9; thence North 188 feet, more or less, to the point of 5 beginning, as shown on the Official Map of said project on file in the office of the State Road Commission of Utah. In executing this Deed, the grantor hereby grants to THE STATE ROAD COMMISSION OF UTAH permission to relocate and reconstruct within the grantors land and outside the limits of the above described right of way, all irrigation and ditches existing within said limits of above described right of way. 13. A perpetual right of way for highway purposes in favor of THE STATE ROAD COMMISSION OF UTAH by instrument recorded March 16, 1943, as Entry No. 947740, in Book 338, at page 353, of Official Records, through and across the following: BEGINNING at the Northwest corner of said Lot 16; thence South 300 feet, more or less, along the North line of said Lot 28, to a point 75 feet, radially distant Westerly from the center line of survey of said project; thence Southeasterly 81 feet, more or less, along the arc of a 5654.7 foot radius curve to the right to a point on the South line of said Lot 2; said point being also approximately 30 feet East from the Southwest corner of said Lot 2; thence East 136 feet, more or less, to a point 50 feet radially distant Easterly from said center line of survey; thence Northwesterly 409 feet, more or less, along the arc of a 5779.7 foot radius curve to the left, to a point on the North line of said Lot 16; said point being approximately 7 feet East from the Northwest corner of said Lot 16; thence West 5o the point of BEGINNING, as shown on the official map of said project on file in the Office of the State Road Commission of Utah In executing this Deed, the grantor hereby grants to THE STATE ROAD COMMISSION OF UTAH permission to relocate and reconstruct within the grantors land and outside the limits of the above described right of way, all irrigation and ditches existing within said limits of above described right of way. 14. A perpetual right of way for highway purposes in favor of THE STATE ROAD COMMISSION OF UTAH by instrument recorded March 31, 1943, as Entry No. 948664, in Book 339, at page 552, of Official Records, through and across the following: Right of Way for highway known as FAS Project No. 228 across the grantors land in the Northeast quarter of the Southwest quarter of Section 22, Township 2 South, Range 2 West, Salt Lake Meridian. Said right of way is a parcel of land, the boundaries of which are described as follows: BEGINNING at the intersection of the East boundary line of said Northeast quarter of the Southwest quarter of Section 22, and the Westerly right of way line of said project, which point is 75 feet, radially distant Southwesterly from the center line of survey of said project at approximate Engineer's Station 236+55, said point being also 2230 feet, more or less, North along the East boundary line of the Southwest quarter of Section 22 from the South quarter corner of said Section 22; thence North 452 feet, more or less, along said East boundary line to the Northeast corner of said Northeast quarter of the Southwest quarter of Section 22; thence West 114 feet, more or less, along the North boundary line of said Northeast quarter of the Southwest quarter to said Westerly right of way line; thence Southerly along the arc of a 5654.7 foot radius curve to the right to the 6 point of BEGINNING, as shown on the Official Map of said project on file in the office of the State Road Commission of Utah. In executing this Deed, the grantor hereby grants to THE STATE ROAD COMMISSION OF UTAH permission to relocate and reconstruct within the grantors land and outside the limits of the above described right of way, all irrigation and ditches existing within said limits of above described right of way. 15. EASEMENT AND CONDITIONS CONTAINED THEREIN: Grantee: UTAH POWER AND LIGHT COMPANY. Location: BEGINNING at a fence on the South boundary line of Grantor's land at a point 30 feet West, more or less, form the South quarter corner of Section 22, Township 2 South, Range 2 West, Salt Lake Base and Meridian; thence North 5` 54' East 815 feet; thence North 36` 31' West 3960 feet, more or less, to North boundary line of said land and being in the East one-half of the Southwest quarter of the Southwest quarter of the Southeast quarter of the Northwest quarter of Blocks 5, 19, 20, 30 and 31, of SALT LAKE VIEW ADDITION in the Southwest quarter of the Northeast quarter of said Section 22. Purpose: To construct, operate, maintain and repair electric transmission and/or distribution system, under, upon and across the above. Recorded: January 14, 1955. Entry No.: 1408153. Book/Page: 1161/21. 16. EASEMENT AND CONDITIONS CONTAINED THEREIN: Grantee: UTAH POWER AND LIGHT COMPANY Location: BEGINNING at the East boundary fence of the Grantor's land at a point 7 feet South, more or less, from the North quarter corner of Section 27, Township 2 South, Range 2 West, Salt Lake Meridian; thence North 82` 20' West 29.2 feet; thence South 89` 20' West 2023.0 feet; thence North 85` 17' West 1157.8 feet on said land and being in the North one-half of the Northwest quarter of said Section 27; and the Southeast quarter of the Southwest quarter of Section 22; and in the Southeast quarter of the Southeast quarter of Section 21, Township and Range aforesaid. Purpose: To construct, operate, maintain and repair electric transmission and/or distribution system, under, upon and across the above. Recorded: May 29, 1984. Entry No.: 3922219. Book/Page: 5342/1747. 17. Notice dated September 28, 1987, recorded September 28, 1987, as Entry No. 4528677, in Book 5965, at Page 1175, which recites in part as follows: "Notice is hereby given that real property located within the 0.2 and greater overpressure area as defined in Section 15.14.010 of the Salt Lake County Code of Ordinances, 1986, is subject to the construction standards and glass 7 requirements set forth in Chapter 15.14 of the Salt Lake County Code of Ordinances". 18. Easement for an underground well and appurtenances as the same may be found to intersect the herein described land as disclosed by that certain Certificate of Beneficial Use recorded November 18, 1992, as Entry No. 5375806, in Book 6557, at page 1505, of Official Records. 19. Any claim for loss or damage crated by variation of the description to be insured from deeds of record including but not limited to the Westerly line being aligned with existing fences. 20. Any rights, interests, or claims which may exist or arise by reason of the following fact(s) shown on a survey plat entitled "Utah Gravel, Magna, Utah", dated March 28 2001, prepared by International Land Services, Inc., Bradley D. Daley LS No. 259684: a. Variation of fencelines from the deed lines b. Failure to disclose adjoining deeds of record. FALCON RIDGE QUARRY (1020 NORTH VICTORY ROAD) 1. Taxes for the year 2001 which are a lien, but are not yet due or payable. 2. Said property is included within the boundaries of Salt Lake City, and is subject to the charges and assessments thereof. (Charges are current). 3. EASEMENT AND CONDITIONS CONTAINED THEREIN: Grantee: AMERICAN TELEPHONE AND TELEGRAPH COMPANY Location: Beginning on the East line of said property at a point South 111.5 rods more or less and West 80 rods from the Northeast corner of said Section 25, thence South 1(degree)26'50" West 172 feet; thence Southerly along a curve to the left having radius of 341.24 feet a distance of 198 feet more or less to the South line of said property Purpose: To construct, operate, maintain and repair electric transmission and/or distribution system, under, upon and across the above. Dated: April 15, 1958 Recorded: May 26, 1958 Entry No.: 1592916 Book/Page: 1507/170 (Affects Parcel 2) 4. RESERVATION OF EASEMENT AND CONDITIONS CONTAINED THEREIN: Grantor: Utah Lime and Cement Company Grantee: Covey Oil Company Location: See document Purpose: Road way for ingress and egress, and incidental purposes Recorded: November 14, 1960 8 Entry No.: 1746366 Book/Page: 1757/267 (Affects Parcel 3) 5. EASEMENT AND CONDITIONS CONTAINED THEREIN: Grantor: COVEY OIL COMPANY Grantee: UTAH POWER AND LIGHT COMPANY Location: See document Purpose: To construct, operate, maintain and repair electric transmission and/or distribution system, under, upon and across the above. Dated: October 26, 1964 Recorded: 12091964 Entry No.: 2046574 Book/Page: 2269/81 (Affects Parcel 3) 6. EASEMENT AND CONDITIONS CONTAINED THEREIN: Grantor: COVEY OIL COMPANY Grantee: UTAH POWER AND LIGHT COMPANY Location: See document Purpose: To construct, operate, maintain and repair electric transmission and/or distribution system, under, upon and across the above. Dated: June 25, 1965 Recorded: September 1, 1965 Entry No.: 2107866 Book/Page: 2371/208 (Affects Parcel 3) 7. EASEMENT AND CONDITIONS CONTAINED THEREIN: Grantee: UTAH POWER AND LIGHT COMPANY Location: See document Purpose: To construct, operate, maintain and repair electric transmission and/or distribution system, under, upon and across the above. Dated: June 5, 1965 Recorded: September 1, 1965 Entry No.: 2107867 Book/Page: 2371/209 (Affects Parcel 2) 8. Notice of Interest, dated June 4, 1997, wherein Reagan Outdoor Advertising gives notice of interest in and to said property. Said Notice recorded July 11, 1997, as Entry No. 6689018 in Book 7709, at Page 1339, of Official Records. (Affects Parcels 1 & 2) The effects of a Notice of Forfeiture of Notice of Claim of Interest dated June 4, 1997 and recorded August 19, 1998, as Entry No. 7062762 in Book 8070, at Page 158, of Official Records. 9. Salt Lake City Ordinance No. 92 of 1999 recorded November 29, 1999, as Entry No. 7522327 in Book 8326, at Page 75, of Official Records. 9 10. Salt Lake City Ordinance No. 77 of 1999 recorded January 24, 2000, as Entry No. 7559300 in Book 8337, at Page 5304, of Official Records. 11. Any rights, interests or claims which may exist or arise by reason of the following fact(s) shown on a survey plat entitled "Utah Gravel, Salt Lake City, Utah", dated March 28, 2001, prepared by International Land Services, Inc., Bradley D. Daley LS No. 259684. a. Fence line encroachment along the northwesterly portion of Parcel 3A. b. Encroachment of improvements in the setback area. 12. Billboard Lease Agreement dated February 22, 1994, by and between Reagan Outdoor Advertising ("Lessee") and Falcon Ridge Construction ("Lessor"), provided that the Buyers' and the Sellers' obligations with respect to the right of first refusal contained therein are subject to the indemnity provisions of Section 10.1.1(h) of the Agreement. POINT OF THE MOUNTAIN 1. Taxes for the year 2001 which are a lien, but are not yet due or payable 2. Said property is included within the boundaries of Draper City, and is subject to the charges and assessments thereof. (Charges are current). 3. Said property is included within the boundaries of Draper Irrigation, and is subject to the charges and assessments thereof. (Charges are current). 4. Agreement dated February 9, 1971, by and between LOS ANGELES and SALT LAKE RAILROAD COMPANY, a Corporation of the State of Utah and its Lessee UNION PACIFIC RAILROAD COMPANY, a Corporation of the State of Utah, and KENNETH F. WHITE, concerning access to the property owned by KENNETH F. WHITE from the railroad company right of way. Said Agreement was recorded June 23, 1971, as Entry No. 2392944, in Book 2971, at page 659, of Official Records. (Affects Parcel 1). Assignment dated November 11, 1977, by and between KENNETH F. WHITE and MICHELLE E. WHITE, husband and wife, as Assignors and MONROC, a Utah General Partnership, as Assignee all of their right, title, interest and equity in, to and under that road crossing agreement described above. Said Assignment was recorded December 2, 1977, as Entry NO. 3032864, in Book 4589, at page 812, of Official Records. 5. Agreement dated February 9, 1971, by and between LOS ANGELES and SALT LAKE RAILROAD COMPANY, a Corporation of the State of Utah, and its lessee UNION PACIFIC RAILROAD COMPANY, a Corporation of the State of Utah, and EVAN HANSEN and O. V. HANSEN, concerning access to the property owned by EVAN HANSEN and O. V. HANSEN from the railroad company right of way. Said Agreement recorded June 23, 1971, as Entry No. 2392945, in Book 2971, at page 666, of Official Records. 6. The effect of that certain Mineral Deed executed by UNION PACIFIC RAILROAD COMPANY, a Utah Corporation, Grantor in favor of UNION PACIFIC LAND 10 RESOURCES CORPORATION, a Utah Corporation, dated April 1, 1971, and recorded June 21, 1975, as Entry No. 2726878, in Book 3919, at page 157, of Official Records. 7. EASEMENT AND CONDITIONS CONTAINED THEREIN: Grantee: UTAH POWER AND LIGHT COMPANY Location: BEGINNING on the North boundary line of the Grantor's land at a point 260 feet South and 495 feet West, more or less, form the Northeast corner of Section 23, Township 4 South, Range 1 West, Salt Lake Meridian; and running thence South 19` 22' West 75 feet, more or less, on said land, being in the Northeast quarter of the Northeast quarter of said Section 23. Purpose: To construct, operate, maintain and repair electric transmission and/or distribution system, under, upon and across the above. Recorded: November 1, 1982 Entry No.: 3725479 Book/Page: 5416/2812 8. EASEMENT AND CONDITIONS CONTAINED THEREIN: Grantor: MONROC INCORPORATED Grantee: PACIFICORP, an Oregon Corporation Location: BEGINNING at the Northwest corner of the Grantor's land at a point 256 feet South and 585 feet West, more or less, from the Northeast corner of Section 23, Township 4 South, Range 1 West, Salt Lake Meridian; thence South 19` 47' West 62.9 feet, more or less, along the Westerly boundary line of said land, said Westerly boundary line also being the Easterly right of way lie of the Union Pacific Railroad Company; thence along a line which is parallel to and 75 feet perpendicular distant Southerly and Southwesterly from the centerline of the proposed survey line North 89` 08' East 467.0 feet and south 52` 59' East 517.3 feet, more or less, to the East boundary line of said Grantor's land; thence North 125.2 feet, more or less, along said East boundary line; thence along a line which is parallel to and 25 feet perpendicular distant Northeasterly from the centerline of the proposed survey line North 52` 59' West 395.4 feet, more or less, to the North boundary line of said land; thence West 563.0 feet, more or less, along said North boundary to the point of beginning and being in the Northeast quarter of the Northeast quarter of said Section 23, and the Northwest quarter of the Northwest quarter of Section 24, Township and Range aforesaid. BEGINNING on the North boundary line of the Grantor's land at a point 648 feet South and 333 feet East, more or less, form the Northwest corner of Section 24, Township 4 South, Range 1 West, Salt Lake Meridian; thence along a line which is parallel to and 75 feet perpendicular distant Southwesterly and Southerly from the centerline of the proposed survey line the following two courses South 52` 59' East 82.6 feet and North 89` 44' East 2211.2 feet, more or less; thence along a line which is parallel to and 25 feet perpendicular distant Southwesterly from the centerline of the proposed survey line South 41` 43' East 1065.4 feet, more or less, to the Southeasterly boundary line of said land; thence North 51` 43' East 50.1 feet, more or less, along said Southeasterly boundary line; thence along a line which is parallel to and 25 feet perpendicularly distant Northeasterly and Northerly from the centerline of the proposed survey line North 41` 43' West 1157.7 feet and South 89` 44' West 97.6 feet, more or less, to a Northwesterly boundary line of 11 said Grantor's land; thence South 27` 04' West 56.3 feet, more or less, to a Southeast corner of said land; thence along a line which is parallel to and 25 feet South from the centerline of the proposed survey line South 89` 44' West 2131.8 feet, more or less, along said South boundary line to the point of beginning and being in the North one-half of the Northwest quarter and the West one-half of the Northeast quarter of said Section 24, in Salt Lake and Utah Counties. Purpose: To construct, operate, maintain and repair electric transmission and/or distribution system, under, upon and across the above. Dated: July 13, 2000 Recorded: February 5, 2001 Entry No.: 7813501 Book/Page: 8421/4973 9. Any rights, interests, or claims which may exist or arise by reason of the following facts shown on a survey plat entitled "Utah Gravel, Draper, Utah", dated March 28, 2001, prepared by International Land Services, Inc., Bradley D. Daley LS no. 259684. a. Encroachment of improvements onto the abutting property along the southerly boundary. b. Third party rights of ingress and egress based on the location of driveway improvements. 10. Unrecorded CONTRACT dated June 10, 1947, by and between LOS ANGELES and SALT LAKE RAILROAD COMPANY, a Corporation of the State of Utah, and its lessee UNION PACIFIC RAILROAD COMPANY, a Corporation for the State of Utah, and OWEN DEAN, for a Private Road Crossing at Mount, Utah, L.D., No. 13285 concerning access to the subject property across the railroad company right of way, as extended and amended, disclosed by document provided to Founders Title Company. PARK CITY 1. Taxes for the year 2001 which are a lien but are not yet due and payable. 2. Said property is included within the boundaries of Weber Basin Water Conservancy District, and is subject to the charges and assessments thereof. (Charges are current) 3. Said property is included within the boundaries of Summit County Special Service District #1, and is subject to the charges and assessments thereof. (Charges are current). 4. EASEMENT AND CONDITIONS CONTAINED THEREIN: Grantor: LAGOON COMPANY FKA SIMON BAMBERGER COMPANY Grantee: SALT LAKE PIPELINE COMPANY Location: That certain strip of land 33 feet in width provided for in said above mentioned grant, has been complete and that the center line of said strip of land is described as follows, to-wit: 12 STRIP 1, Beginning at a point hereinafter referred to as Point "A", on the Easterly boundary line of Section 35, Township 1 South, Range 4 East, S.L.M. distant Northerly thereon 1006.8 feet from an iron pipe identified as the Southeast corner of said section; thence approximately North 63(degree)28' West 1059 feet more or less, to a point on the Easterly right of way boundary line of the Union Pacific Railroad, all in the Southeast quarter (SE1/4) of said Section 35. STRIP II, Commencing at the above described pint "A", thence North 63(degree)28' West 1274.9 feet to the true point of beginning being a point on the Westerly right of way boundary line of the Union Pacific Railroad in the Southeast quarter (SE1/4) of said Section 35; thence approximately North 63(degree)28' West, 4655 feet, more ore less, to a point on the westerly boundary line of said Section 35. Purpose: The right of way from time to time to lay, construct reconstruct, replace, renew, repair, maintain, operate, change the size of , increase the number of, and remove pipelines and appurtenances thereof for the transportation of oil, petroleum, gas, gasoline, water, or other substances, or any thereof, and to erect, install maintain, operate, repair, renew add to and remove telegraph, telephone, or power lines and appurtenance thereof on a single line of poles or underground as Grantee from time to time and place to place may elect, with the right of ingress and egress to and from the same. Dated: April 14, 1948 Recorded: May 24, 1948 Entry No.: 77471 Book/Page: Z/239 AMENDMENT: Dated: July 1, 1948 Recorded: July 10, 1948 Entry No.: 77699 Book/Page: Z/271 LOCATION OF EASEMENT: Dated: November 19, 1948 Recorded: November 23, 1948 Entry No.: 78179 Book/Page: Z/372 (Affects Parcels 1, 2, 3, 4, & 5) 5. Subject to reservations and easements as found in that certain Quit Claim Deed from LAGOON COMPANY, formerly SIMON BAMBERGER COMPANY to STATE ROAD COMMISSION OF UTAH, recorded June 2, 1954, as Entry No. 83980, in Book I, of Quit Claim Deeds at Page 45 of Official Records. 6. Reservations in favor of the United States of America as contained in Patent, Recorded May 19, 1897, in Book I, at Page 533. Said Document reading in part as follows: "Yet excluding and excepting from the transfer by these presents, all mineral lards should any be found to exist in the tracts described in the foregoing, but the exclusion and exception, 13 according to the terms of the statute, shall not be construed to include coal and Iron lands." 7. Reservations as contained in that certain Deed, Recorded November 16, 1911, as Entry No. 21551, in Book J, at Page 484. Said Document reading in part as follows: EXCEPTING AND RESERVING to said UNION PACIFIC RAILROAD COMPANY, its successors and assigns. FIRST: All coal and other minerals within or underlying said lands. SECOND: The exclusive right to prospect in the upon said land for coal and other minerals therein or which may be supposed to be therein and to mine for and remove, from said land, all coal and other minerals which may be found thereon by any one. THIRD: The right of ingress, egress and regress upon said land to prospect for, min and remove any and all such coal or other minerals, and the right to use so much of said land as may be convenient or necessary for the right-of-way to and from such prospect places or mines, and for the convenient and proper operation of such prospect places, mines, and for roads and approaches thereto or for removal therefrom of coal, mineral, machinery, or other material. FOURTH: The right to said Union Pacific Railroad Company to maintain and operate its railroad in its present form of construction, and to make any change in the form of construction or method of operation of said railroad. 8. CONTRACT FOR SALE AND USE OF UNTREATED WATER: Dated: April 17, 1980 Recorded: March 31, 1981 Entry No.: 177881 Book/Page: 183/544 (Affects Parcel 1) 9. PETITION AND ORDER GRANTING ALLOTMENT OF WATER: Recorded: March 25, 1986 Entry No.: 248407 Book/Page: 378/283 10. PETITION AND ORDER GRANTING ALLOTMENT OF WATER: Recorded: December 28, 1998 Entry No.: 526113 Book/Page: 1215/71 11. Any rights, interests, or claims which may exist or arise by reason of the following fact(s) shown on a survey plat entitled "Utah Gravel, Park City, Utah", dated March 28, 2001, prepared by International Land Services, Inc., Bradley D. Daley LS No. 259684: a. Variation of fencelines from deed lines b. Encroachment of fence into Atkinson Road 14 c. Encroachment of improvements onto the easement of Salt Lake Pipeline Company d. Encroachment of improvements across the northwesterly property line. 1730 BECK STREET (MONROE BECK STREET) 1. Taxes for the year 2001 which are a lien, but are not yet due or payable. 2. Said property is included within the boundaries of Salt Lake City, and is subject to the charges and assessments thereof. (Charges are current) 3. EASEMENT AND CONDITIONS CONTAINED THEREIN: Grantee: UTAH INDEPENDENT TELEPHONE COMPANY Location: Exact location not disclosed. Purpose: To erect, operate and maintain 5 poles, wires and fixtures, and incidental purposes Dated: March 23, 1909 Recorded: April 16, 1909 Entry No.: 248097 Book/Page: 6B of Deeds/515 Also recorded on same date as Entry No. 248098, in Book 6B of Deeds, at page 515, and as Entry No. 248099, in Book 6B of Deeds, at page 516, of Official Records 4. Subject to any easements or rights of way which Salt Lake City has to construct a sewer upon, over, under or through the subject property, as evidenced by that certain Warranty Deed, recorded November 6, 1911, as Entry No. 287216, in Book 8G of Deeds, at page 266, of Official Records. 5. EASEMENT AND CONDITIONS CONTAINED THEREIN: Grantee: MOUNTAIN FUEL SUPPLY COMPANY Location: Exact location not disclosed. Purpose: To lay, maintain, operate, repair, inspect, protect, remove and replace pipelines, valves, valve boxes and other gas transmission and distribution facilities through and across the above. Recorded: June 23, 1930 Entry No.: 657187 Book/Page: 71/338 6. EASEMENT AND CONDITIONS CONTAINED THEREIN: Grantee: UTAH POWER AND LIGHT COMPANY Location: Exact location not disclosed. Affects Parcel 4. Purpose: To construct, operate, maintain and repair electric transmission and/or distribution system, under, upon and across the above. Dated: June 30, 1954 Recorded: August 4, 1954 Entry No.: 1384007 15 Book/Page: 1112/119 7. Subject to all existing rights of way and easement of all public utilities of any and every description now located in, on, under or over the vacated streets and alleys within the Empire Subdivision, as vacated by Ordinance, recorded July 29, 1957, as Entry No. 1549338, in Book 1432, at page 296, of Official Records. 8. Subject to all existing rights of way and easements of all public utilities of any and every description now located in, on, under or over the vacated streets and alleys within the Folsom Addition, as vacated by Ordinance recorded September 21, 1983, as Entry No. 3847079, in Book 5492, at page 2677, of Official Records. 9. Subject to the rights of way if any of the OREGON SHORT LINE RAILROAD COMPANY, THE UTAH NORTHERN RAILWAY COMPANY, THE DENVER AND RIO GRANDE WESTERN RAILWAY COMPANY, THE SALT LAKE AND OGDEN RAILWAY COMPANY, THE HOT SPRINGS RAILWAY COMPANY and THE UNION PACIFIC RAILROAD COMPANY or their respective assigns as evidenced by deeds of record. 10. The terms and conditions of that certain Salt Lake City Ordinance No. 92 of 1999, dated November 9, 1999, and recorded November 29, 1999, as Entry No. 7522327, in Book 8326, at page 75, of Official Records. 11. The terms and conditions of that certain Salt Lake City Ordinance No. 77 of 1999, dated September 21, 1999, and recorded January 24, 2000, as Entry No. 7559300, in Book 8337, at page 5304, of Official Records. 12. The terms and conditions of that certain Salt Lake City Ordinance No. 78 of 1999, dated September 28, 1999, and recorded January 24, 2000, as Entry NO. 7559301, in Book 8337, at page 5311, of Official Records. 13. Any rights, interests, or claims which may exist or arise by reason of the facts shown on a survey plat entitled "Utah Gravel, Salt Lake City, Utah", dated March 28, 2001, prepared by International Land Services, Inc., Bradley D. Daley LS No. 259684. 1616 NORTH BECK STREET (FALCON RIDGE HOT PLANT - GEODYNE) 1. Taxes for the year 2001 which are a lien, but are not yet due or payable. 2. Said property is included within the boundaries of Salt Lake City, and is subject to the charges and assessments thereof. (Charges are current). 3. The terms and conditions of that certain Quit Claim Deed dated January 13, 1954, reserving unto OREGON SHORTLINE RAILROAD COMPANY, its successors and assigns forever, all minerals and all mineral rights of every kind and character now known to exist or hereafter discovered, including, without limiting the generality of the foregoing, oil and gas and rights thereto, together with the sole, exclusive and perpetual right to explore fore, remove and dispose of the said minerals by any means or methods 16 suitable to the Grantor, its successors and assigns, but without entering upon or using the surface of the lands hereby conveyed, and in such manner as not to damage the surface of said lands, or to interfere with the use thereof by the Grantee, its successors or assigns, recorded February 16, 1954, as Entry No. 1361194, in Book 1066, at page 74, of Official Records. 4. The terms and conditions of that certain Quit Claim Deed dated January 13, 1954, reserving unto OREGON SHORTLINE RAILROAD COMPANY, its successors and assigns forever, all minerals and all mineral rights of every kind and character now known to exist or hereafter discovered, including, without limiting the generality of the foregoing, oil and gas and rights thereto, together with the sole, exclusive and perpetual right to explore fore, remove and dispose of the said minerals by any means or methods suitable to the Grantor, its successors and assigns, but without entering upon or using the surface of the lands hereby conveyed, and in such manner as not to damage the surface of said lands, or to interfere with the use thereof by the Grantee, its successors or assigns, recorded February 16, 1954, as Entry No. 1361193, in Book 1066, at page 71, of Official Records. 5. Reservation by UNION PACIFIC LAND RESOURCES CORPORATION, its successors and assigns forever, of all minerals and all mineral rights of every kind and character now known to exist or hereafter discovered which are more than 200 feet below the surface of the described premises, including without limiting the generality of the foregoing, oil and gas rights thereto below such depth, and together with the sole, exclusive and perpetual right to explore for, remove and dispose of said minerals by any means or methods suitable to the Grantor, its successors or assigns, but without entering upon or using the surface to a depth of 200 feet of the land hereby conveyed, and in such manner as not to damage the surface (down to a depth of 200 feet) of said lands or to interfere with the use thereof by the Grantee, its successors and assigns, as contained in that certain Warranty Deed, dated March 16, 1972, wherein UNION PACIFIC LAND RESOURCES CORPORATION, is Grantor, and W. W. and W. B. GARDNER, INC., is Grantee, recorded April 7, 1972, as Entry No. 2448438, I Book 3060, at page 154, of Official Records. (Affects Parcel 1) 6. EASEMENT AND CONDITIONS CONTAINED THEREIN: Grantee: MOUNTAIN FUEL SUPPLY COMPANY Location: An Easement is to be 12 feet in width with the following described center line: BEGINNING at a point North 1176.15 feet and West 564.22 feet from the Southwest corner of Section 24, Township 1 North, Range 1 West, Salt Lake Base and Meridian; said point on Grantor's West property line; thence North 45` 59' 00" East 91.00 feet; thence South 44` 01' 00" East 41.00 feet; thence North 45` 59' 00" East 51.04 feet; thence North 13` 20' 23" West 52.88 feet. Purpose: To lay, maintain, operate, repair, inspect, protect, remove and replace pipelines, valves, valve boxes and other gas transmission and distribution facilities through and across the above. Recorded: April 18, 1985 Entry No.: 4075228 Book/Page: 5646/2308 (Affects Parcels 5 and 7) 17 7. A Right of Way Agreement for pipe lines and pole lines as created in favor of the person or persons entitled thereto by instrument recorded February 24, 1949, as Entry No. 1149096, in Book 663, at page 115, of Official Records, for any and all rights which it may have in or under that certain right of way grant, dated September 12, 1948, and recorded in Book 639, at page 585, of Official Records. (Affects Parcel 6) 8. A Right of Way Agreement for 16 1/2 feet in width to erect, install, maintain, operate, repair, renew, add to an remove telephone, telephone, or power lines and appurtenances thereof on a single line of poles, as created in favor of SALT LAKE PIPE LINE COMPANY by instrument recorded October 13, 1948, as Entry No. 1137006, in Book 639, at page 585, of Official Records, with the right of ingress or egress to an from the same, over and through, under or along that certain parcel of and situate in Salt Lake County, State of Utah, and described as following to wit: COMMENCING at the Northwest corner of the Southwest quarter of Section 24, Township 1 North, Range 1 West, Salt Lake Meridian; thence East 107.6v rods; thence South 31` West 128 rods, more or less, to the Southwesterly corner of Salt Lake City Tract; thence South 41 1/2` East 224 feet; thence South 45` 45' West 436.9 feet; thence North 44` 15' West 7 rods; thence South 45` 45' West 15 rods; thence North 44` 15' West along the North side of the County Road, 25 rods, to Section line; thence North 128 rods to BEGINNING. (Affects Parcel 6) 9. The terms and conditions of that certain Salt Lake City Ordinance No. 92, of 1999, dated November 9, 1999, and recorded November 29, 1999, as Entry No. 7522327, in Book 8326, at page 75, of Official Records. 10. The terms and conditions of that certain Salt Lake City Ordinance No. 77 of 1999, dated September 21, 1999, and recorded January 24, 2000, as Entry No. 7559300, in Book 8337,a t page 5304, of Official Records. 11. Any rights, interests, or claims which may exist or arise by reason of the facts shown on a survey plat entitled "Utah Gravel, Salt Lake City, Utah", dated March 28, 2001, prepared by International Land Services, Inc., Bradley D. Daley LS No. 259684. LELAND YARD The following Exceptions affect Parcel 1: 1. Taxes for the year 2001 which are a lien, but are not yet due or payable. 2. Said property is included within the boundaries of Spanish Fork City, and is subject to the charges and assessments thereof (Charges are current). 3. EASEMENT AND CONDITIONS CONTAINED THEREIN: Grantor: VALLEY ASPHALT INC., by RICHARD M. SUMSION, President Grantee: MOUNTAIN STATES TELEPHONE AND TELEGRAPH COMPANY Location: A right of way and easement 6 feet in width, over, under and across the following described property: COMMENCING at a point on the West line of 18 Delmonte Road which point is North 304.58 feet and East 2318.032 feet and North 37` 34' 30" West 93.637 feet from the West quarter corner of Section 25, Township 8 South, Range 2 East, Salt Lake Base and Meridian; thence North 68` 43' 60" West 1027 feet; thence North 40 feet; thence (retrace South 40 feet); thence North 68` 43' 60" West 493 feet; thence North 36 feet to end. Purpose: To construct, operate, maintain, and remove such communication and other facilities, upon, over, under and across the above. Recorded: April 24, 1973 Entry No.: 6924 Book/Page: 1324/256 4. EASEMENT AND CONDITIONS CONTAINED THEREIN: Grantee: MOUNTAIN FUEL SUPPLY COMPANY Location: A right of way and easement 20 feet over and across the following described property: BEGINNING at a point 1188.07 feet North and 154.98 feet East of the West quarter corner of said Section 25; thence North 60` 50' 57" East 174.76 feet; thence South 59' 54' 43" East 484.11 feet; thence South 74` 06' 05" East 185.01 feet; thence South 13` 43' 27" West 44.09 feet. Purpose: To lay, maintain, operate, repair, inspect, protect, remove and replace pipelines, valves, valve boxes and other gas transmission and distribution facilities through and across the above. Recorded: August 9, 1976 Entry No.: 19743 Book/Page: 1492/211 Re-Recorded: November 11, 1976 Entry No.: 29564 Book/Page: 1511/646 5. The Conflicting Interest of FRANKLIN REYNARD HAYMORE and LELA F. HAYMORE, Trustees of the FRANKLIN HAYMORE TRUST, and the survivor thereof and successors, acquired under and by virtue of that certain Quit Claim Deed dated February 16, 1983, executed by FRANKLIN R. HAYMORE and LELA F. HAYMORE, recorded April 11, 1983, as Entry NO. 10255, in Book 2042, at page 308, of Official Records. 6. The Conflicting Interest of FRANKLIN REYNARD HAYMORE and LELA F. HAYMORE, Trustees of the LELA R. HAYMORE TRUST, and the survivor thereof and successors, acquired under and by virtue of that certain Quit Claim Deed dated February 16, 1983, executed by FRANKLIN R. HAYMORE and LELA F. HAYMORE, recorded April 11, 1983, as Entry No. 10256, in Book 2042, at page 310, of Official Records. 7. The Conflicting Interest of RICHARD MUHLESTEIN and CONNIE MUHLESTEIN, acquired under and by virtue of that certain Warranty Deed executed by ARCHIE A. ANDRUS, aka ALMA A. ANDRUS and MARY H. ANDRUS, recorded December 19, 1974, as Entry No. 22470, in Book 1398, at page 14, of Official Records. The following exceptions affect Parcel 2: 8. None. 19 The following exceptions affect Parcels 1 and 2. 9. Any rights, interests, or claims which may exist or arise by reason of the following fact(s) shown on a survey plat entitled "Utah Gravel, Spanish Fork, Utah", dated March 28, 2001, prepared by International Land Services, Inc., Bradley D. Daley LS No. 259684: a. Deed encroachments and gaps along southerly line of property. b. Variation of fence lines from deed line and deed gap along northerly line of property. c. Concrete pad encroachment into road right-of-way on easterly line of property. LEHI 1. Taxes for the year 2001 which are a lien, but are not yet due or payable. 2. Said property is included within the boundaries of Unincorporated Utah County, and is subject to the charges and assessments thereof (Charges are current). 3. The terms and provisions of the "Farmland Assessment Act of 1969" in Title 59, Chapter 2, Part 5 of the Utah Code, and amendments thereof, disclosed by that certain Application for Taxation of Agricultural Land, dated December 22, 1975, and recorded December 22, 1975, as Entry No. 26320, in Book 1449, at page 695, of Official Records, which, in part, provides for the right of Utah County to reassess said property for previous years and the collection of additional taxes resulting from any such reassessment. 4. EASEMENT AND CONDITIONS CONTAINED THEREIN: Grantor: Markland E. Allred Grantee: Kern River Gas Transmission Company Purpose: Exclusive right of way and easement, and incidental purposes Dated: February 6, 1990 Recorded: February 8, 1990 Entry No.: 4041 Book/Page: 2664/257 5. EASEMENT AND CONDITIONS CONTAINED THEREIN: Grantor: A. Fullmer Allred Grantee: Kern River Gas Transmission Company Purpose: Exclusive right of way and easement, and incidental purposes Dated: February 8, 1990 Recorded: February 15, 1990 Entry No.: 4823 Book/Page: 2666/109 20 6. EASEMENT AND CONDITIONS CONTAINED THEREIN: Grantor: Sterling W. Allred Grantee: Kern River Gas Transmission Company Purpose: Exclusive right of way and easement, and incidental purposes Dated: February 12, 1990 Recorded: February 15, 1990 Entry No.: 4824 Book/Page: 2666/111 7. EASEMENT AND CONDITIONS CONTAINED THEREIN: Grantor: Fullmer Allred and Margaret P. Allred, Trustees and Mark E. Allred and Betty Jo Allred, Trustees Grantee: Utah Department of Transportation Dated: January 21, 1995 Recorded: February 13, 1995 Entry No.:8975 Book/Page:3619/894 8. EASEMENT AND CONDITIONS CONTAINED THEREIN: Grantor: James F. Allred, as attorney in fact for the Allred Family Trust dated 2/8/90 Grantee: Pacificorp Dated: September 14, 1998 Recorded: September 29, 1998 Entry No. 98669 Book/Page:4793/238 9. Any rights, interests, or claims which may exist or arise by reason of the facts shown on a survey plat entitled "Utah Gravel, Lehi, Utah", dated March 28, 2001, prepared by International Land Survey, Inc., Bradley D. Daley LS No. 259684. 10. Unrecorded Mineral Lease No. 47496 dated February 23, 2000, between the State of Utah School and Institutional Trust Lands Administration and Peck Rock and Projects, LLC as disclosed by documents provided to Founders Title Company. 11. Unrecorded Surface Owner's Agreement dated November 6, 1997 by and between Peck Rock and Products, a Utah limited liability company, Clay Peck, and Cole Peck and A. Fullmer Allred, as disclosed by documents provided to Founder Title Company. 21 SCHEDULE 1.1(a) ACQUIRED ASSETS Those assets that are primarily used in the Business, including, but not limited to, those items on the attached list. 22 Attachment to Schedule 1.1(a) - Acquired Assets 23
----------------------------------------------------------------------------------------------------------------------------------- USAI EQUIPMENT TO BE PURCHASED ----------------------------------------------------------------------------------------------------------------------------------- TRANSFER NOTES MR FROM YEAR MODEL OR DESCRIPTION DESCRIPTION SERIAL# VALUE TO LOCATION COMMENTS UNIT# ----------------------------------------------------------------------------------------------------------------------------------- 3 Monroc 94 CHEV Pickup w/Radio 2GCEK19KXR1246940 10,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 5 Monroc 98 DODGE Pickup w/Radio 1B7HC16X4WS5300351 15,000 P NSL have title ----------------------------------------------------------------------------------------------------------------------------------- 6 Monroc 96 DODGE Pickup w/Radio 1B7KF13R9TS599564 12,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 7 Monroc 97 DODGE Pickup w/Radio 387HF13Y9VG820086 14,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 17 Monroc 85 GMC Pickup w/Radio 1GDHC34WBFJ528698 1,000 P NSL have title ----------------------------------------------------------------------------------------------------------------------------------- Getting UCC releases from 18 Monroc 96 BEAL TRAILER 1BN1C3252TB004350 25,000 P NSL Safeco ----------------------------------------------------------------------------------------------------------------------------------- Getting UCC releases from 19 Monroc 96 BEAL TRAILER 1BN2C373ITB004349 25,000 P NSL Safeco ----------------------------------------------------------------------------------------------------------------------------------- have 24 Monroc 94 KENWORTH Tractor w/Radio 1XKWDB9X7PS592042 18,000 P NSL title ----------------------------------------------------------------------------------------------------------------------------------- have 28 Monroc 93 MIDL Pugmill 104 P NSL title ----------------------------------------------------------------------------------------------------------------------------------- 31 Monroc 70 TRIM Van TC2100 1,500 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 32 Monroc 69 TRIM Van F61671 1,500 P NSL ----------------------------------------------------------------------------------------------------------------------------------- PICKUP for 35 Monroc ELECTRICIAN 3B8MC386BWM24388 2,000 P SL RM ----------------------------------------------------------------------------------------------------------------------------------- 1985 GMC 2 TON FLAT have 37 Monroc 85 BED TRUCK 1GDE6DIABFV608276 1,000 P NSL title ----------------------------------------------------------------------------------------------------------------------------------- 1987 GMC 1987 GMC have 38 Monroc 87 2TON 1GDE6DIABFV503479 1,250 P NSL title ----------------------------------------------------------------------------------------------------------------------------------- 39 Monroc WABCO 38C HAUL TRUCK GF10793FA20HCFA20 20,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- INTL WATER TRUCK (UPDATE & RETROFIT Park 40 Monroc 78 POM S&G) 7,500 P City ----------------------------------------------------------------------------------------------------------------------------------- 1964 FRUEHAUF 30 TON PNEUMATIC Park have 44 Monroc 64 TRAILER OME275101 2,500 P City title ----------------------------------------------------------------------------------------------------------------------------------- Bacchus 45 Monroc BROWN TRAILER 71396 71398 500 P 2 ----------------------------------------------------------------------------------------------------------------------------------- Pt of 47 Monroc SEA CARGO CONTAINERS 1,000 P Mtn RM ----------------------------------------------------------------------------------------------------------------------------------- 48 Monroc 75 FRUEHAUF 1975 MAS474403 1,500 P NSL ----------------------------------------------------------------------------------------------------------------------------------- USED DIESEL TANK Park 49 Monroc S-437 500 P City ----------------------------------------------------------------------------------------------------------------------------------- FUEL TANK STORAGE Pt of 50 Monroc BUNKER 500 P Mtn RM ----------------------------------------------------------------------------------------------------------------------------------- 51 Monroc 20 K GAL FUEL TANK 20,000 P Beck St ----------------------------------------------------------------------------------------------------------------------------------- 10,000 GAB ABOVE GROUND DIESEL 52 Monroc FUELING STATION 10,000 P Beck St ----------------------------------------------------------------------------------------------------------------------------------- 10,000 GAL ABOVE GROUND DIESEL Park 53 Monroc FUELING STATION 10,000 p City ----------------------------------------------------------------------------------------------------------------------------------- TRUCK SIGNALING 54 Monroc SYSTEM P NSL ----------------------------------------------------------------------------------------------------------------------------------- TRUCK TRACKING Leland and Eagle 55 Monroc SYSTEM Valley P NSL ----------------------------------------------------------------------------------------------------------------------------------- TRUCK TRACKING 56 Monroc SYSTEM P NSL ----------------------------------------------------------------------------------------------------------------------------------- NEW WATER SYSTEM AT Beck 57 Monroc BATCH PLANT P St. ----------------------------------------------------------------------------------------------------------------------------------- US Bankcorp Capital 1981 CATEPILLAR Lease 58 Monroc 81 9888 LOADER #8015 50W5558 40,000 P NSL 10878-001 ----------------------------------------------------------------------------------------------------------------------------------- US Lease shows Bankcorp 50W75305, but Capital 1981 CATEPILLAR machine is Lease 59 Monroc 81 9888 UNIT 8016 stamped 50W335 50W3564 35,000 P NSL 10878-001 ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- 1989 MICHIGAN LOADER 6.5 YD FRONT 60 Monroc 89 END 82A192CAC 30,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- BOBCAT LOADER FOR 61 Monroc KEARNS #8039 22202 1,500 P NSL ----------------------------------------------------------------------------------------------------------------------------------- CAT 980C WHEEL 63 Monroc 89 LOADER 60X9126 45,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- CAT 980G WHEEL 64 Monroc 96 LOADER 2KR00449 135,500 P NSL ----------------------------------------------------------------------------------------------------------------------------------- Park 67 Monroc KOMATSU LOADER 20085 15,000 P City ----------------------------------------------------------------------------------------------------------------------------------- 68 Monroc Michigan 150 Loader U60237 P Heber ----------------------------------------------------------------------------------------------------------------------------------- KAWASAKI WHEEL 69 Monroc LOADER 70C25065 20,000 P Bacchus ----------------------------------------------------------------------------------------------------------------------------------- MICH VME L 140 5YD Park 70 Monroc M 6331F58 831AC00522 30,000 P City ----------------------------------------------------------------------------------------------------------------------------------- Pt of 72 Monroc WA 500 LOADER AB1023 20,000 P Mtn RM ----------------------------------------------------------------------------------------------------------------------------------- 150 HP TURBINE PUMP 74 Monroc WITH BARGE 5,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 150 HP TURBINE WELL 75 Monroc PUMP 5,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 2-25 HP TURBINE 76 Monroc PUMPS IN SERIES 2,500 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 30" X 42" UNIVERSAL 77 Monroc 3042 JAW CRUSHER 117X8 30,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 35" REMCO DO-VSM90-353 IMPACT 78 Monroc 98 CRUSHER 9050398136 60,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 35" REMCO DO-VSM90-353 IMPACT 79 Monroc 2000 CRUSHER 9050499165 60,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 24 ----------------------------------------------------------------------------------------------------------------------------------- 42" X 20" 80 Monroc CEDARAPIDS FEEDER 39123 12,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 81 Monroc FEEDER KO-KAL FEEDER 3,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- GRIZZLEY VIB FEEDER 82 Monroc 5781 EF379H 3,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- GRIZZFEED VARIABLE 83 Monroc GRIZZLY FEEDER 3,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 84 Monroc KALCO 48" FEEDER 5,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 85 Monroc 99 MOTOR CONTROL CENTER 30,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 86 Monroc 99 MOTOR CONTROL CENTER 30,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- UPSIZE CRUSHING AND 87 Monroc WASH PLANT P NSL 44" X 32" EAGLE ----------------------------------------------------------------------------------------------------------------------------------- 88 Monroc 99 SINGLE WASHER 30,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 44" X 32" GREYSTONE 89 Monroc 99 TWIN WASH FINE SCREW FM44T4499373065 30,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 44" X 32" KOLBERG 90 Monroc 99 TWIN FINE WASH SCREW 400261 30,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- BACCHUS #2 WASH 91 Monroc PLANT P NSL ----------------------------------------------------------------------------------------------------------------------------------- 7' X 20' HORIZONTAL 3 DECK SCREEN 92 Monroc 99 #7203-38 48113 50,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 7' X 20' HORIZONTAL 3 DECK SCREEN 93 Monroc 99 #7203-38 48211 50,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 100' STACKER 94 Monroc CONVEYOR 12,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 95 Monroc 1000 FT. CONVEYOR 5,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 30' CONVEY 30' ----------------------------------------------------------------------------------------------------------------------------------- 96 Monroc CONVEYOR 1,500 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 30" X 100' KOLBERG 97 Monroc 99 RADIAL STACKER 401410 12,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 30" X 100' KOLBERG 98 Monroc 99 RADIAL STACKER 401411 12,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 30" X 100' KOLBERG 99 Monroc 99 STACKER CONVEYOR 401409 12,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 30" X 100' REESCO 100 Monroc 99 FRAME CONVEYOR 5,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 30" x 100' FRAME 101 Monroc 99 CONVEYER 5,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 30" X GREYSTONE 102 Monroc 99 TWIN BLADE MILL BM3654993748GS 900 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 30" X NORMSTOCKER 103 Monroc 99 STAKER CONVEYOR 8,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 30" X REESCO FRAME 104 Monroc 99 CONVEYOR 3,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 30" X REESCO FRAME 105 Monroc 99 CONVEYOR 3,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 30" X REESCO FRAME 106 Monroc 99 CONVEYOR 3,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 30" X REESCO FRAME 107 Monroc 99 CONVEYOR 3,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 30" X REESCO FRAME 108 Monroc 99 CONVEYOR 3,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 30" X REESCO FRAME 109 Monroc 99 CONVEYOR 3,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 30" X 80' AMERICAN 110 Monroc 99 FRAME CONVEYOR 4,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 30" X 80' REESCO 111 Monroc 99 FRAME CONVEYOR 3199E 4,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 30" X 80' REESCO 112 Monroc 99 FRAME CONVEYOR 4,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 30" X 80' REESCO 113 Monroc 99 FRAME CONVEYOR 4,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 36" X 100' GOODFELLOW DRIVE 114 Monroc 99 CONVEYOR 5,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 36" X 124" REESECO 115 Monroc 99 FRAME CONVEYOR 14,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 36" X 124" REESECO 116 Monroc 99 FRAME CONVEYOR 6,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 36" X 30' 117 Monroc 99 MONROCBILT CONVEYOR 1,500 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 36" X 40" MONROCBILT FRAME 118 Monroc 99 CONVEYOR 2,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 36" X 900' GOODELLOW TRUSS 119 Monroc 99 CONVEYOR 45,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- 35"X35' COVERED 120 Monroc CONVEYOR 200 FPM 3,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- CONVEYOR - LATTICE 121 Monroc FRMAME 9,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- CONVEYORS FOR NSL 122 Monroc R/M BATCH PLANT P NSL ----------------------------------------------------------------------------------------------------------------------------------- FEEDER CONVEYOR 123 Monroc 30"X50' REBEL 13C0603G 2,500 P ----------------------------------------------------------------------------------------------------------------------------------- 124 Monroc FEED CONVEYOR TO WET SCREEN HOMEMADE 2,500 P 30"X54" ----------------------------------------------------------------------------------------------------------------------------------- 125 Monroc STACKER 30"X 80' RADIAL 803OT871607 6,000 P NSL SPAULDING ----------------------------------------------------------------------------------------------------------------------------------- STACKER MOD 150-24 126 Monroc NORDBERG 3500082 8,000 P NSL ----------------------------------------------------------------------------------------------------------------------------------- STACKER 30"X60' RADIAL 127 Monroc CUSTOMBUILT S/N OBL OBL 2,000 P Bacchus1 ----------------------------------------------------------------------------------------------------------------------------------- 3/4" STACKER CONVEYER Bacchus 128 Monroc 24"X85' NO NAME RADIAL 2,000 P 1 ----------------------------------------------------------------------------------------------------------------------------------- 3/8" STACKER CONVEYOR 129 Monroc GRIST RADIAL 82-9891-1 3,000 P ----------------------------------------------------------------------------------------------------------------------------------- 130 Monroc 300 BARREL SILO P ----------------------------------------------------------------------------------------------------------------------------------- BATCHER-NSL R/M BATCH 131 Monroc PLANT P NSL ----------------------------------------------------------------------------------------------------------------------------------- AGGREGRATE STORAGE BINS - 132 Monroc SL MIX P NSL ----------------------------------------------------------------------------------------------------------------------------------- 25 ----------------------------------------------------------------------------------------------------------------------------------- AUTO CONTROL 2000 BATCH 134 Monroc CONTROLLER SL READY MIX P NSL ----------------------------------------------------------------------------------------------------------------------------------- AUTO-CONTROL 200 BATCH 136 Monroc CONTROLLER - SL READY MIX P NSL ----------------------------------------------------------------------------------------------------------------------------------- US Bancorp BATCH PLANT AT POM; Noble Capital Mobile 600 with 8660R (plant); Pt of Lease 139 Monroc Mixers/Controllers 12000-43 (mi 500,000 P Mtn RM 10878-004 ----------------------------------------------------------------------------------------------------------------------------------- BATCH ROOM AT POINT OF Pt of 140 Monroc THE MOUNTAIN P Mtn RM ----------------------------------------------------------------------------------------------------------------------------------- BOILER BOILER-NSL R/M 141 Monroc PLANT P NSL ----------------------------------------------------------------------------------------------------------------------------------- Park 142 Monroc CEMENT SILO P City ----------------------------------------------------------------------------------------------------------------------------------- Beck 143 Monroc CEMENT SILO-NSL R/M PLANT P St. ----------------------------------------------------------------------------------------------------------------------------------- NEW CEMENT SILO AT PARK Park 144 Monroc CITY 190,000 POUNDS P City ----------------------------------------------------------------------------------------------------------------------------------- COMPRESSOR FOR NSL R/M 145 Monroc BATCH PLANT P Heber ----------------------------------------------------------------------------------------------------------------------------------- Pt of 147 Monroc BATCH PLANT ENCLOSURE POM p Mtn RM ----------------------------------------------------------------------------------------------------------------------------------- HEBER CITY - READY MIX 148 Monroc PLANT 100,000 p Heber ----------------------------------------------------------------------------------------------------------------------------------- Pt of 149 Monroc HOT WATER SYSTEM PT OF MT p Mtn RM ----------------------------------------------------------------------------------------------------------------------------------- JADAIR RECLAIM SYSTEM - Park 151 Monroc PARK CITY p City ----------------------------------------------------------------------------------------------------------------------------------- NATBOILER NATCO C M 290 Park 152 Monroc BOILER p City ----------------------------------------------------------------------------------------------------------------------------------- Park 153 Monroc NATCO HEAT EXCHNG BOILER p City ----------------------------------------------------------------------------------------------------------------------------------- Point of PHOENIX SEPARATOR, WATER Point Mountain 154 Monroc TANK, INSTALLATION MISC p of Mtn Aggregates ----------------------------------------------------------------------------------------------------------------------------------- PORTABLE QPR 2000 AMT 155 Monroc PUGMILL 5,000 p NSL ----------------------------------------------------------------------------------------------------------------------------------- PORTABLE BATCH PLANT AT Park 156 Monroc PARK CITY 250,000 p City ----------------------------------------------------------------------------------------------------------------------------------- NORTH SALT LAKE READY MIX 158 Monroc PLANT BUILDING p Utah RM ----------------------------------------------------------------------------------------------------------------------------------- 159 Monroc PT MT READY MIX ELECTRICAL p Utah RM ----------------------------------------------------------------------------------------------------------------------------------- 160 Monroc ENCLOSE READY MIX PLANT p Utah RM ----------------------------------------------------------------------------------------------------------------------------------- READY MIX PLANT NCNELUS 161 Monroc W/O 78-7009, AUTH 026-78 p Utah RM ----------------------------------------------------------------------------------------------------------------------------------- 162 Monroc VARIABLE SPEED CONTROL p NSL ----------------------------------------------------------------------------------------------------------------------------------- 163 Monroc WET PLANT (WASH PLANT) p NSL ----------------------------------------------------------------------------------------------------------------------------------- 164 Monroc OIL HEATER IN BECK ST SHOP p NSL ----------------------------------------------------------------------------------------------------------------------------------- 165 Monroc HEAT SYST FOR SHOP p NSL ----------------------------------------------------------------------------------------------------------------------------------- BECK ST. SCALES AND 166 Monroc SCALEHOUSE p NSL ----------------------------------------------------------------------------------------------------------------------------------- 167 Monroc 36" BELT SCALE N/A 50,000 p NSL ----------------------------------------------------------------------------------------------------------------------------------- BELT SCALE AT EAGLE S&g 168 Monroc WASH PLNT 2,500 p NSL ----------------------------------------------------------------------------------------------------------------------------------- 169 Monroc NEW S&g scale house 2,500 p NSL ----------------------------------------------------------------------------------------------------------------------------------- Beck 170 Monroc TRUCK SCALE 50,000 p St. ----------------------------------------------------------------------------------------------------------------------------------- BATCH PLANT COMPUTERS, UPGRADE, SOFTWARE, COMPAQ 171 Monroc COMPUTERS p ----------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- COMPUTER MONITOR PKG - PC Park 172 Monroc OFFICE p City ---------------------------------------------------------------------------------------------------------------------------------- TWO ACERLIGHT 372 COLOR PENTIUM COMPUTERS - 173 Monroc CORPORATE p NSL ---------------------------------------------------------------------------------------------------------------------------------- 174 Monroc COPIER p NSL ---------------------------------------------------------------------------------------------------------------------------------- 177 Monroc ELECTRONIC SCALE 1,500 p NSL ---------------------------------------------------------------------------------------------------------------------------------- 178 Monroc OFFICE FURNITURE p NSL ---------------------------------------------------------------------------------------------------------------------------------- LAP TOP COMPUTER, PRINTER 180 Monroc EQUIP MANAGER CORP p NSL ---------------------------------------------------------------------------------------------------------------------------------- 181 Monroc OFFICE CUBICAL/BASEMENT p NSL ---------------------------------------------------------------------------------------------------------------------------------- 182 Monroc OFFICE FURNITURE p NSL ---------------------------------------------------------------------------------------------------------------------------------- PHONE SYSTEM BECK (CAP Will be 183 Monroc LEASE) p NSL paid off ---------------------------------------------------------------------------------------------------------------------------------- 184 Monroc POSTAGE STAMP MACHINE p NSL ---------------------------------------------------------------------------------------------------------------------------------- POSTAGE STAMP MACHINE FOR 185 Monroc CORPORATION p NSL ---------------------------------------------------------------------------------------------------------------------------------- CONF ROOM TABLE FOR 186 Monroc HEADQTRS p NSL ---------------------------------------------------------------------------------------------------------------------------------- 90110 AUTO BATCH Park 187 Monroc CONTROLLER DISPATCH SYSTEM p City ---------------------------------------------------------------------------------------------------------------------------------- Park 188 Monroc CAST STONE 30X75 BLDG p City ---------------------------------------------------------------------------------------------------------------------------------- 189 Monroc CASTSTONE BUILDING p NSL ---------------------------------------------------------------------------------------------------------------------------------- Park 190 Monroc CEMENT SILO KEARNS p City ---------------------------------------------------------------------------------------------------------------------------------- CONTROL 8' X 10' MOTOR Pt of 191 Monroc CONTROL CENTER 5,000 p Mtn RM ---------------------------------------------------------------------------------------------------------------------------------- Beck 192 Monroc TWO NORBERG STACKERS 15,000 P Street ---------------------------------------------------------------------------------------------------------------------------------- Beck 193 Monroc 54" EAGLE SANDSCREW 15,000 p Street ---------------------------------------------------------------------------------------------------------------------------------- TWO LARGE CEMENT SILOS May be 194 Monroc BECK STREET P NSL duplicate ---------------------------------------------------------------------------------------------------------------------------------- Beck St. & Pt of 195 Monroc PERRY BLOCK FORMS P Mtn ---------------------------------------------------------------------------------------------------------------------------------- 196 Monroc CEMENT SILO IN HEBER P Heber ---------------------------------------------------------------------------------------------------------------------------------- Beck 197 Monroc FLOOR JACKS & other p St. ---------------------------------------------------------------------------------------------------------------------------------- Beck 198 Monroc 300A ARC WELDER 1,500 P St. ---------------------------------------------------------------------------------------------------------------------------------- GE Capital Mixer Oper Truck Lease 199 Monroc 96 Mack FD w/Radio 1S9C71331T1136616 45,000 p Utah RM 2116 7023 ---------------------------------------------------------------------------------------------------------------------------------- 26 ----------------------------------------------------------------------------------------------------------------------------- GE Capital Mixer Oper Truck Lease 200 Monroc 96 Mack FD w/Radio 1S9C761333T1136617 45,000 p Utah RM 2116 7024 ----------------------------------------------------------------------------------------------------------------------------- GE Capital Mixer Oper Truck Lease 201 Monroc 96 Mack FD w/Radio 1S9C71335T1136621 45,000 p Utah RM 2116 7028 ----------------------------------------------------------------------------------------------------------------------------- GE Capital Mixer Oper Truck Lease 202 Monroc 96 Mack FD w/Radio 1S9C71338T1136614 45,000 p Utah RM 2116 7021 ----------------------------------------------------------------------------------------------------------------------------- GE Capital Mixer Oper Truck Lease 203 Monroc 96 Mack FD w/Radio 1S9C71339T1136623 45,000 p Utah RM 2116 7030 ----------------------------------------------------------------------------------------------------------------------------- GE Capital Mixer Oper Truck Lease 204 Monroc 96 Mack FD w/Radio 1S9C7133T1136620 45,000 p Utah RM 2116 7027 ----------------------------------------------------------------------------------------------------------------------------- GE Capital Mixer Oper Truck Lease 205 Monroc 96 Mack FD w/Radio 1S9C7133XT1136615 45,000 p Utah RM 2116 7118 ----------------------------------------------------------------------------------------------------------------------------- GE Capital Mixer Oper Truck Lease 206 Monroc 96 Mack FD w/Radio AS9C7133XT1136618 45,000 p Utah RM 2116 7025 ----------------------------------------------------------------------------------------------------------------------------- GE Capital Mixer Oper Truck Lease 207 Monroc 96 Mack FD w/Radio 1S9C7133XT1136619 45,000 p Utah RM 2116 7026 ----------------------------------------------------------------------------------------------------------------------------- GE Capital Mixer Oper Truck Lease 208 Monroc 96 Mack FD w/Radio 1S9C7133XT1136622 45,000 p Utah RM 2116 7029 ----------------------------------------------------------------------------------------------------------------------------- Banc One Mixer Oper Truck Lease 209 Monroc 00 Advance FD w/Radio 5DG8AU7T0Y0008116 125,000 p Utah RM 2118 7084 ----------------------------------------------------------------------------------------------------------------------------- Banc One Mixer Oper Truck Lease 210 Monroc 00 Advance FD w/Radio 5DG8AU7T1Y0008044 125,000 p Utah RM 2118 7061 ----------------------------------------------------------------------------------------------------------------------------- Banc One Mixer Oper Truck Lease 211 Monroc 00 Advance FD w/Radio 5DG8AU7T1Y0008061 125,000 p Utah RM 2118 7062 ----------------------------------------------------------------------------------------------------------------------------- Banc One Mixer Oper Truck Lease 212 Monroc 00 Advance FD w/Radio 5DG8AU7T2Y0008117 125,000 p Utah RM 2118 7063 ----------------------------------------------------------------------------------------------------------------------------- Banc One Mixer Oper Truck Lease 213 Monroc 00 Advance FD w/Radio 5DG8AU7T3Y0008045 125,000 p Utah RM 2118 7060 ----------------------------------------------------------------------------------------------------------------------------- Banc One Mixer Oper Truck Lease 214 Monroc 00 Advance FD w/Radio 5DG8AU7T5Y00008046 125,000 p Utah RM 2118 7059 ----------------------------------------------------------------------------------------------------------------------------- Banc One Mixer Oper Truck Lease 215 Monroc 00 Advance FD w/Radio 5DG8AU7TXY0008043 125,000 p Utah RM 2118 7058 ----------------------------------------------------------------------------------------------------------------------------- GE Capital Mixer Oper Truck Lease 216 Monroc 98 Mack FD w/Radio 1S9C7134W1136744 87,000 p Utah RM 2131 7116 ----------------------------------------------------------------------------------------------------------------------------- GE Capital Mixer Oper Truck Lease 217 Monroc 98 Mack FD w/Radio 1S9C71338W1136736 87,000 p Utah RM 2131 7117 ----------------------------------------------------------------------------------------------------------------------------- GE Capital Mixer Oper Truck Lease 218 Monroc 98 Mack FD w/Radio 1S9C71338W1136745 87,000 p Utah RM 2131 7537 ----------------------------------------------------------------------------------------------------------------------------- GE Capital Mixer Oper Truck Lease 219 Monroc 98 Mack FD w/Radio 1S9C71338W1136746 87,000 p Utah RM 2131 7538 ----------------------------------------------------------------------------------------------------------------------------- Safeco Credit Mixer Oper Truck Lease 220 Monroc 98 Advance FD w/Radio 1A9TAC4S6W0007152 87,000 p Utah RM 2134 7076 ----------------------------------------------------------------------------------------------------------------------------- Safeco Credit Mixer Oper Truck Lease 221 Monroc 98 Advance FD w/Radio 1A9TACM0W0007368 87,000 p Utah RM 2134 7078 ----------------------------------------------------------------------------------------------------------------------------- Safeco Credit Mixer Oper Truck Lease 222 Monroc 98 Advance FD w/Radio 1A9TAC7M1W0007377 87,000 p Utah RM 2134 7083 ----------------------------------------------------------------------------------------------------------------------------- Safeco Credit Mixer Oper Truck Lease 223 Monroc 98 Advance FD w/Radio 1A9TAC7M2W0007369 87,000 p Utah RM 2134 7085 ----------------------------------------------------------------------------------------------------------------------------- Safeco Credit Mixer Oper Truck Lease 224 Monroc 98 Advance FD w/Radio 1A9TAC7M2W0007372 87,000 p Utah RM 2134 7082 ----------------------------------------------------------------------------------------------------------------------------- Safeco Credit Mixer Oper Truck Lease 225 Monroc 98 Advance FD w/Radio 1A9TAC7M6W0007374 87,000 p Utah RM 2134 7079 ----------------------------------------------------------------------------------------------------------------------------- Safeco Credit Mixer Oper Truck Lease 226 Monroc 98 Advance FD w/Radio 1A9TAC7M8W0007375 87,000 p Utah RM 2134 7080 ----------------------------------------------------------------------------------------------------------------------------- Safeco Credit Mixer Oper Truck Lease 227 Monroc 98 Advance FD w/Radio 1A9TACM9W0007370 87,000 p Utah RM 2134 7084 ----------------------------------------------------------------------------------------------------------------------------- Safeco Credit Mixer Oper Truck Lease 228 Monroc 98 Advance FD w/Radio 1A9TACMOW0007371 87,000 p Utah RM 2134 7081 ----------------------------------------------------------------------------------------------------------------------------- Safeco Credit Mixer Oper Truck Lease 229 Monroc 98 Advance FD w/Radio 1A9TAG7M9W0007367 87,000 p Utah RM 2134 7077 ----------------------------------------------------------------------------------------------------------------------------- Concord Mixer Oper Truck Lease 230 Monroc 99 Advance FD w/Radio 1A9TAC7M2X0007888 105,000 p Utah RM 2142 7088 ----------------------------------------------------------------------------------------------------------------------------- Concord Mixer Oper Truck Lease 231 Monroc 99 Advance FD w/Radio 1A9TAC7M3X0007883 105,000 p Utah RM 2142 7086 ----------------------------------------------------------------------------------------------------------------------------- 27 ------------------------------------------------------------------------------------------------------------------------------ Concord Mixer Oper Truck Lease 232 Monroc 99 Advance FD w/Radio 1A9TAC7M4X0007889 105,000 p Utah RM 2142 7090 ------------------------------------------------------------------------------------------------------------------------------ Concord Mixer Oper Truck Lease 233 Monroc 99 Advance FD w/Radio 1A9TAC7M6X0007960 105,000 p Utah RM 2142 7091 ------------------------------------------------------------------------------------------------------------------------------ Concord Mixer Oper Truck Lease 234 Monroc 99 Advance FD w/Radio 1A9TAC7M7X0007885 105,000 p Utah RM 2142 7087 ------------------------------------------------------------------------------------------------------------------------------ Concord Mixer Oper Truck Lease 235 Monroc 99 Advance FD w/Radio 1A9TAC7M8X0007863 105,000 p Utah RM 2142 7087 ------------------------------------------------------------------------------------------------------------------------------ Concord Mixer Oper Truck Lease 236 Monroc 99 Advance FD w/Radio 1A9TACMXX0007959 105,000 p Utah RM 2142 7092 ------------------------------------------------------------------------------------------------------------------------------ Concord Mixer Oper Truck Lease 237 Monroc 99 Advance FD w/Radio 1A9TAC7MXX0007962 105,000 p Utah RM 2142 7093 ------------------------------------------------------------------------------------------------------------------------------ B of A Oper Lease Mixer 2143 - Truck HAVE 238 Monroc 99 Advance FD w/Radio 1A9TAC7M0X0007002 105,000 p Utah RM TITLE 7099 ------------------------------------------------------------------------------------------------------------------------------ B of A Oper Lease Mixer 2143 - Truck HAVE 239 Monroc 99 Advance FD w/Radio 1A9TACM1X0007008 105,000 p Utah RM TITLE 7050 ------------------------------------------------------------------------------------------------------------------------------ B of A Oper Lease Mixer 2143 - Truck HAVE 240 Monroc 99 Advance FD w/Radio 1A9TAC7M1X0007977 105,000 p Utah RM TITLE 7097 ------------------------------------------------------------------------------------------------------------------------------ B of A Oper Lease Mixer 2143 - Truck HAVE 241 Monroc 99 Advance FD w/Radio 1A9TAC7M2X0007969 105,000 p Utah RM TITLE 7095 ------------------------------------------------------------------------------------------------------------------------------ B of A Oper Lease Mixer 2143 - Truck HAVE 242 Monroc 99 Advance FD w/Radio 1A9TAC7M4X0007973 105,000 p Utah RM TITLE 7096 ------------------------------------------------------------------------------------------------------------------------------ B of A Oper Lease Mixer 2143 - Truck HAVE 243 Monroc 99 Advance FD w/Radio 1A9TAC7M5X0007005 105,000 p Utah RM TITLE 7098 ------------------------------------------------------------------------------------------------------------------------------ B of A Oper Lease Mixer 2143 - Truck HAVE 244 Monroc 99 Advance FD w/Radio 1A9TAC7M5X0007965 105,000 p Utah RM TITLE 7094 ------------------------------------------------------------------------------------------------------------------------------ GE Capital Mixer Oper Truck Lease 245 Monroc 99 Advance FD w/Radio 1A9TAC7M2X0007020 105,000 p Utah RM 2145 7055 ------------------------------------------------------------------------------------------------------------------------------ -------------------------------------------------------------------------------------------------------------------------- GE Capital Mixer Oper Truck Lease 246 Monroc 99 Advance FD w/Radio 1A9TAC7M3X0007012 105,000 p Utah RM 2145 7052 -------------------------------------------------------------------------------------------------------------------------- GE Capital Mixer Oper Truck Lease 247 Monroc 99 Advance FD w/Radio 1A9TAC7M7X0007028 105,000 p Utah RM 2145 7053 -------------------------------------------------------------------------------------------------------------------------- GE Capital Mixer Oper Truck Lease 248 Monroc 99 Advance FD w/Radio 1A9TAC7MOXOOO7016 105,000 p Utah RM 2145 7051 -------------------------------------------------------------------------------------------------------------------------- GE Capital Mixer Oper Truck Lease 249 Monroc 99 Advance FD w/Radio 1A9TAC7MXX0007024 105,000 p Utah RM 2145 7053 -------------------------------------------------------------------------------------------------------------------------- Mixer Truck 250 Monroc 94 Mack FD w/Radio 1S9C71331R1136415 20,000 p Utah RM 7107 -------------------------------------------------------------------------------------------------------------------------- Mixer Truck Have 251 Monroc 94 Mack FD w/Radio 1S9C71332R1136360 20,000 p Utah RM title 7008 -------------------------------------------------------------------------------------------------------------------------- Mixer Truck Have 252 Monroc 94 Mack FD w/Radio 1S9C71334R1136358 20,000 p Utah RM title 7009 -------------------------------------------------------------------------------------------------------------------------- Mixer Truck Have 253 Monroc 94 Mack FD w/Radio 1S9C71336R1136359 20,000 p Utah RM title 7106 -------------------------------------------------------------------------------------------------------------------------- Mixer Truck Have 254 Monroc 94 Mack FD w/Radio 1S9C71337R1136354 20,000 p Utah RM title 7104 -------------------------------------------------------------------------------------------------------------------------- Mixer Truck Have 255 Monroc 94 Mack FD w/Radio 1S99C71337R1136418 20,000 p Utah RM title 7108 -------------------------------------------------------------------------------------------------------------------------- Mixer Truck Have 256 Monroc 94 Mack FD w/Radio 1S9C71339R1136355 20,000 p Utah RM title 7105 -------------------------------------------------------------------------------------------------------------------------- Mixer Truck 257 Monroc 86 Advance FD w/Radio D1325HGB10938 6,000 p Utah RM 7002 -------------------------------------------------------------------------------------------------------------------------- Mixer Truck 258 Monroc 85 OSHK w/Radio 1OT3R2GB8F10255410 6,000 p Utah RM 7102 --------------------------------------------------------------------------------------------------------------------------- Added to Monroc 96 DODGE RAM list 1B7K26Z2TS707277 p Utah RM 22822 -------------------------------------------------------------------------------------------------------------------------- Monroc 99 FORD EXPLORER 1FMZU34E8XUC84656 p Utah RM 32010 -------------------------------------------------------------------------------------------------------------------------- Added to Carl Monroc 99 CHEVY TAHOE list 1GNEK13RXJ416491 20,000 p Utah RM Clements 31111 -------------------------------------------------------------------------------------------------------------------------- Added to Monroc 99 FORD list 1FMZU34E6XUC84655 20,000 p Utah RM 32009 -------------------------------------------------------------------------------------------------------------------------- Added to Monroc 2000 DODGE RAM list 1B7HF16Z57S632358 p Utah RM 35195 -------------------------------------------------------------------------------------------------------------------------- Added to Monroc 96 DODGE list 1B7HC16Y1SS343940 p Utah RM 22825 -------------------------------------------------------------------------------------------------------------------------- Added to Chris Monroc 2000 FORD EXPLORER list 1FM2U72X1Y2C30888 20,000 p Utah RM Faulkner 35671 -------------------------------------------------------------------------------------------------------------------------- P&H Dragline (Used to clean Monroc Added to Monroc Beck St. ponds) list p Utah RM -------------------------------------------------------------------------------------------------------------------------- USED NORTHWEST 95D Added back North Monroc DRAGLINE #2008 to list 12789, 534-92 p SL -------------------------------------------------------------------------------------------------------------------------- Added back Monroc HYSTER FORKLIFT to list YT79211 p NSL -------------------------------------------------------------------------------------------------------------------------- Added back Monroc 96 CAT D10R DOZER to list 3KR412 p NSL -------------------------------------------------------------------------------------------------------------------------- 28 ----------------------------------------------------------------------------------------------------------------------------- PT. MT. M STORAGE - Added back Pt of Monroc RAILROAD BOX CARS to list P Mtn RM ----------------------------------------------------------------------------------------------------------------------------- Added back Monroc CAT 235D EXCAVATOR to list 8KJ178 p NSL ----------------------------------------------------------------------------------------------------------------------------- DATALINES ASSOCIATED WITH BECK ST., HEBER CITY AND Monroc PARK CITY PLANTS P Utah RM ----------------------------------------------------------------------------------------------------------------------------- PHONE LINES ASSOCIATES Monroc WITH READY MIX PLANTS P Utah RM ----------------------------------------------------------------------------------------------------------------------------- LEL ----------------------------------------------------------------------------------------------------------------------------- Leland IMT Dominator II Service 1 RM Struck w/Radio 1FDNF82C7WVA32199 65,000 p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 2 RM 69 PETERBILT COE WATER TRUCK w/Radio 32163 600 p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 3 RM CONFERENCE TRAILER 1,000 p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 4 RM Concrete Mixer Bowl p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland Concrete Mixer Bowl & 5 RM Roller Sub Assembly p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 6 RM DRUM MIXER FABRICATION p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 7 RM New Concrete Mixer Bowl p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 8 RM U-CART CONCRETE BUGGY 7SK00668 170,000 p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 9 RM 96 Cat 970F Loader 500 p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 10 RM 87 SAVAGE MIXER TRUCK 500 p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 11 RM 87 WRIGHTWAY MIXER TRUCK 3,500 p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 12 RM 30X40 CONVEYOR 6,000 p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 13 RM 36"X70' STACKABLE CONVEYOR 100,000 p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 12 YD CONCRETE AGGREGATE 14 RM BATCHER p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 1996 Custom Built 15 RM Concrete Plant Building p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 16 RM 200BBL CEMENT STORAGE SILO p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 17 RM 4000 Gal Water Tank 2,000 p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 96 Boiler For Concrete 18 RM Plan p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 19 RM CONCRETE STORAGE BIN p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 20 RM Control House p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 21 RM ROSS BANDIT CONCRETE PLANT 30,000 p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 22 RM Office Computer Equipment p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland U99 Van Trailer for 23 RM Storage 1,000 p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 24 RM 1999 Mercury Mountaineer 4M2ZU54E1XUJ09207 18,000 p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 25 RM Bulk Cement Guppy or Silo p Leland ----------------------------------------------------------------------------------------------------------------------------- Leland 26 RM 95 Ford F150 Supercab 1FTEX15Y8SKB16303 9,800 p Leland ----------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Leland Allis Chalmers 200 KW 27 RM generator 500 p Leland ------------------------------------------------------------------------------------------------------------------------------ Leland 28 RM Solaire J40 DWPE Generator 500 p Leland ------------------------------------------------------------------------------------------------------------------------------ Leland 29 RM 1980 Crane Mixer Truck 500 p Leland ------------------------------------------------------------------------------------------------------------------------------ Leland 30 RM 170 Barrel Lime Silo p Leland ------------------------------------------------------------------------------------------------------------------------------ Leland 1983 Fruehauf Aluminium 31 RM pup tir 1,000 p Leland ------------------------------------------------------------------------------------------------------------------------------ Leland 32 RM 1973 Beale Cement tlr 3,000 p Leland ------------------------------------------------------------------------------------------------------------------------------ Leland Gardiner Denver Air 33 RM Compressor 500 p Leland ------------------------------------------------------------------------------------------------------------------------------ Leland 34 RM CDI Dispatch software p Leland ------------------------------------------------------------------------------------------------------------------------------ Safeco Mixer Oper Leland Truck Lease 35 RM 96 96 OSH-KOSH MIXER w/Radio 1OT3R0SS061052952 55,000 p Leland 34063-003 ------------------------------------------------------------------------------------------------------------------------------ Safeco Mixer Oper Leland Truck Lease 36 RM 96 96 OSH-KOSH MIXER w/Radio 1OT3R0SS2T1052953 55,000 p Leland 34063-003 ------------------------------------------------------------------------------------------------------------------------------ Safeco Mixer Capital Leland 96 OSH-KOSH MIXER TRUCK - Truck Lease 37 RM 96 S-2146 w/Radio 1OT3ROSS2T1052944 55,000 p Leland 34063-002 ------------------------------------------------------------------------------------------------------------------------------ Safeco Mixer Capital Leland 96 OSH-KOSH MIXER TRUCK - Truck Lease 38 RM 96 S-2146 w/Radio 1OT3ROSS2T1052945 55,000 p Leland 34063-002 ------------------------------------------------------------------------------------------------------------------------------ Safeco Mixer Capital Leland 96 OSH-KOSH MIXER TRUCK - Truck Lease 39 RM 96 S-2146 w/Radio 1OT3ROSS2T1052946 55,000 p Leland 34063-002 ------------------------------------------------------------------------------------------------------------------------------ 29 Safeco Mixer Capital Leland 96 OSH-KOSH MIXER TRUCK - Truck Lease 40 RM 96 S-2146 w/Radio 1OT3ROSS1T1052947 55,000 p Leland 34063-002 --------------------------------------------------------------------------------------------------------------------------------- Safeco Mixer Oper Leland Truck Lease 41 RM 97 97 OSH-KOSH MIXER w/Radio 1OTMAWD20VS063085 65,000 p Leland 34063-006 --------------------------------------------------------------------------------------------------------------------------------- Safeco Mixer Oper Leland Truck Lease 42 RM 97 97 OSH-KOSH MIXER w/Radio 1OTMAWD24VS063087 65,000 p Leland 34063-006 --------------------------------------------------------------------------------------------------------------------------------- Safeco Mixer Oper Leland Truck Lease 43 RM 97 97 OSH-KOSH MIXER w/Radio 1OTMAWD24VS063090 65,000 p Leland 34063-006 --------------------------------------------------------------------------------------------------------------------------------- Safeco Mixer Oper Leland Truck Lease 44 RM 97 97 OSH-KOSH MIXER w/Radio 1OTMAWD26VS063088 65,000 p Leland 34063-006 --------------------------------------------------------------------------------------------------------------------------------- Safeco Mixer Oper Leland Truck Lease 45 RM 97 97 OSH-KOSH MIXER w/Radio 1OTMAWD28VS063089 65,000 p Leland 34063-006 --------------------------------------------------------------------------------------------------------------------------------- Safeco Mixer Oper Leland Truck Lease 46 RM 96 97 OSH-KOSH MIXER w/Radio 1OT3ROSSXT1052635 55,000 p Leland 34063-012 --------------------------------------------------------------------------------------------------------------------------------- Safeco Mixer Oper Leland Truck Lease 47 RM 99 97 OSH-KOSH MIXER w/Radio 1OTMAWD26X5066088 116,000 p Leland 34063-012 --------------------------------------------------------------------------------------------------------------------------------- Safeco Mixer Oper Leland Truck Lease 48 RM 99 97 OSH-KOSH MIXER w/Radio 10TRAWD23YS067061 116,000 p Leland 34063-013 --------------------------------------------------------------------------------------------------------------------------------- Safeco Mixer Oper Leland Truck Lease 49 RM 99 97 OSH-KOSH MIXER w/Radio 10TRAWD23XS067060 116,000 p Leland 34063-013 --------------------------------------------------------------------------------------------------------------------------------- Safeco Mixer Oper Leland Truck Lease 50 RM 0 2000 OSH-KOSH MIXER w/Radio 10TRAWD10YSO67137 130,000 p Leland 34063-014 --------------------------------------------------------------------------------------------------------------------------------- Safeco Mixer Capital Leland Truck Lease 51 RM 96 96 OSH-KOSH MIXER w/Radio 1DT3ROSS2T1053729 55,000 p Leland 34063-004 --------------------------------------------------------------------------------------------------------------------------------- ERM --------------------------------------------------------------------------------------------------------------------------------- Eagle 1 RM Storage Trailer 1,000 P Lehi --------------------------------------------------------------------------------------------------------------------------------- Eagle 2 RM Office Trailer 500 P Lehi --------------------------------------------------------------------------------------------------------------------------------- Eagle 3 RM Shop Trailer 500 P Lehi --------------------------------------------------------------------------------------------------------------------------------- Eagle 4 RM 1983 950B Wheel Loader 65R01406 22,000 P Lehi --------------------------------------------------------------------------------------------------------------------------------- Eagle 5 RM Air Compressor ING3000E25PKG 500 P Lehi --------------------------------------------------------------------------------------------------------------------------------- Eagle Batch Plant with belts & 6 RM accessories 175,00 P Lehi --------------------------------------------------------------------------------------------------------------------------------- Eagle 7 RM Boiler P Lehi --------------------------------------------------------------------------------------------------------------------------------- Eagle 8 RM Used Green Silo P Lehi --------------------------------------------------------------------------------------------------------------------------------- Eagle 9 RM Bobcat Compressor 500 P Lehi --------------------------------------------------------------------------------------------------------------------------------- Eagle 10 RM Office Furniture P Lehi -------------------------------------------------------------------------------------------------------------------------------- Eagle 11 RM Radio System P Lehi -------------------------------------------------------------------------------------------------------------------------------- Eagle 12 RM 95 Ford F150 2FTDF15Y2SCA34943 9,800 P Lehi -------------------------------------------------------------------------------------------------------------------------------- Eagle 13 RM 2000 F150 Ford Pickup 1FTRX18L7YKA84728 17,000 P Lehi -------------------------------------------------------------------------------------------------------------------------------- Banc Mixer One Eagle Truck Oper 14 RM 0 2000 Oshkosh Mixer w/Radio 1OTRAAC20YS068902 130,000 P Lehi Lease 1 -------------------------------------------------------------------------------------------------------------------------------- Banc Mixer One Eagle Truck Oper 15 RM 0 2000 Oshkosh Mixer w/Radio 1OTRAAC22YS068903 130,000 P Lehi Lease 1 -------------------------------------------------------------------------------------------------------------------------------- Mixer Eagle Truck 16 RM 88 1988 Advance Mixer w/Radio 1A9TAC6S3J0007776 7,000 P Lehi -------------------------------------------------------------------------------------------------------------------------------- Mixer Eagle Truck 17 RM 88 1988 Advance Mixer w/Radio 1A9TAC6S5J0007777 7,000 P Lehi -------------------------------------------------------------------------------------------------------------------------------- Mixer Eagle Truck 18 RM 90 1990 Mack Mixer w/Radio 1S9C10081N1136131 7,000 P Lehi -------------------------------------------------------------------------------------------------------------------------------- Mixer Eagle Truck 19 RM 90 1990 Mack Mixer w/Radio 1S9C10087L1136051 7,000 P Lehi -------------------------------------------------------------------------------------------------------------------------------- Mixer Eagle Truck 20 RM 92 1992 Mack Mixer w/Radio 1S9C10085L1136050 10,000 P Lehi -------------------------------------------------------------------------------------------------------------------------------- Mixer Eagle Truck 21 RM 93 1993 Mack Mixer w/Radio 1S9C71331P1136170 12,000 P Lehi -------------------------------------------------------------------------------------------------------------------------------- GD -------------------------------------------------------------------------------------------------------------------------------- Safeco Lease 23 Service (Lease 1999 Ford F800 Service Truck to be 1 Geodyne 99 Truck w/Radio 3FENF8014XMA13246 35,000 S assumed) -------------------------------------------------------------------------------------------------------------------------------- Safeco Lease 24 (Lease 1999 Kenworth W900B Tractor to be 2 Geodyne 99 Transport Truck w/Radio 1XKWPBEX2XR836281 60,000 S assumed) -------------------------------------------------------------------------------------------------------------------------------- Safeco Lease 24 (Lease 1999 Trial King TK 10SA to be 3 Geodyne 99 Transport Trailer 1TKA04831XM068300 36,000 S assumed) -------------------------------------------------------------------------------------------------------------------------------- Beck HAVE 4 Geodyne 90 90 FORD PICKUP TRUCK 1FTE025YXLLA50180 1,200 S Street TITLE -------------------------------------------------------------------------------------------------------------------------------- Beck 5 Geodyne FORD LN 900 TRUCK 10,000 S Street -------------------------------------------------------------------------------------------------------------------------------- Beck HAVE 6 Geodyne WELDING TRUCK 1FDWF60H4EVA53398 18,000 S Street TITLE -------------------------------------------------------------------------------------------------------------------------------- Beck 7 Geodyne LAY-MOR 8B SWEEPER 25194-001 9,000 S Street -------------------------------------------------------------------------------------------------------------------------------- Beck Safeco 30 -------------------------------------------------------------------------------------------------------------------------- 8 Geodyne LAY-MOR 8B SWEEPER 621654-002 9,000 S Street Lease 23 -------------------------------------------------------------------------------------------------------------------------- Beck 9 Geodyne CAT D7 DOZER N/A 20,000 S Street -------------------------------------------------------------------------------------------------------------------------- Beck 10 Geodyne 5 ea. STORAGE TRAILERS N/A 7,000 S Street -------------------------------------------------------------------------------------------------------------------------- Beck 11 Geodyne 1994 HOLDEN TILT DECK TRAILER 11367J? 254257 10,000 S Street -------------------------------------------------------------------------------------------------------------------------- Beck 12 Geodyne PETROMAT FLATBED TRAILER 4,500 S Street -------------------------------------------------------------------------------------------------------------------------- Beck HAVE 13 Geodyne ROLLER TRAILER 4MSCH1822TTX02738 2,500 S Street TITLE -------------------------------------------------------------------------------------------------------------------------- Beck HAVE 14 Geodyne STARLITE SAW TRAILER 137F101RC052413 500 S Street TITLE -------------------------------------------------------------------------------------------------------------------------- Beck HAVE 15 Geodyne FABRIC TRAILER 1T9FC2731X1105075 1,500 S Street TITLE -------------------------------------------------------------------------------------------------------------------------- Beck 16 Geodyne GATWAY JOB TRAILER 3360018 500 S Street -------------------------------------------------------------------------------------------------------------------------- Beck 17 Geodyne Office Trailer 500 S Street -------------------------------------------------------------------------------------------------------------------------- Beck 18 Geodyne OFFICE TRAILER 500 S Street -------------------------------------------------------------------------------------------------------------------------- Beck 19 Geodyne OFFICE TRAILER 500 S Street -------------------------------------------------------------------------------------------------------------------------- Beck 20 Geodyne OFFICE TRAILER 500 S Street -------------------------------------------------------------------------------------------------------------------------- Beck BANCBOSTON 21 Geodyne LEEBOY L250 TARPOT L25051023 750 S Street LEASE 22 -------------------------------------------------------------------------------------------------------------------------- Beck BANCBOSTON 22 Geodyne LEEBOY L250 TARPOT L25061166 750 S Street LEASE 22 -------------------------------------------------------------------------------------------------------------------------- Beck SAFECO 23 Geodyne LEEBOY L250 TARPOT L250T1232 750 S Street LEASE 23 -------------------------------------------------------------------------------------------------------------------------- ZIONS Beck LEASE 24 Geodyne LEEBOY L250 TARPOT L250T1371 750 S Street 21/6627 -------------------------------------------------------------------------------------------------------------------------- ROSCO MAXIMIZER II OIL Beck Safeco 25 Geodyne 1998 DISTRIBUTOR TRK 35584 50,000 S Street Lease 23 -------------------------------------------------------------------------------------------------------------------------- ZIONS LEASE 2/6627 ASHROSS MOBILE UNLOADER Beck $400K 26 Geodyne 1260C AR-126OC-110-00 200,000 S Street payoff -------------------------------------------------------------------------------------------------------------------------- DOUBLE - WALL FUEL OIL Beck 27 Geodyne TANK 15,000 S Street -------------------------------------------------------------------------------------------------------------------------- Beck 28 Geodyne FUEL TANK 8,000 S Street -------------------------------------------------------------------------------------------------------------------------- Beck 29 Geodyne FUEL TANK - DOUBLE WALL 15,000 S Street -------------------------------------------------------------------------------------------------------------------------- 30 Geodyne Misc. Inventory S Street -------------------------------------------------------------------------------------------------------------------------- Beck 31 Geodyne Misc. tools S Street -------------------------------------------------------------------------------------------------------------------------- 32 Geodyne Petro Mahine S Beck Street -------------------------------------------------------------------------------------------------------------------------- 33 Geodyne Shop tools S Beck Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 34 STORAGE CONTAINER 4,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 35 STORAGE CONTAINER 3,500 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 36 STORAGE CONTAINER 1,500 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 37 98 CASE 1840 SKIDSTEER JAF0289597 13,000 Street -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 38 CASE 1840 SKIDSTEER JAF0285905 13,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 39 CASE 1840 SKIDSTEER JAF0285338 13,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 40 CASE 1840 SKIDSTEER JAF02849285 13,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 41 CAT 950 B WHEEL LOADER 31R00615 26,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck CIT Street Capital Lease -------------------------------------------------------------------------------------------------------------------------- 42 CAT 966 D WHEEL LOADER 99Y01379 38,000 12549 -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 43 93 CAT 980 F WHEEL LOADER 8CJ00813 135,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 44 92 ? CAT 980 F WHEEL LOADER 8CJ00645 125,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 45 94 CAT 988 F WHEEL LOADER N/A 200,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 46 NEW HOLLAND SKIDSTEER 891406 8,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 47 1995 CAT 426 BACKHOE 6KL01276 30,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne 1998 S Beck 48 ? CAT 436 BACKHOE 8TN0049 45,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 49 TARGET WALKBEHIND SAW 1,200 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 50 CAT 12G MOTOR GRADER 61M6145 32,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 51 97 CAT 140H MOTOR GRADER 02ZK02110 130,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 52 97 CAT 140H MOTOR GRADER 02ZK02090 130,000 Street -------------------------------------------------------------------------------------------------------------------------- 31 Geodyne S Beck BANCBOSTON 53 JOHN DEERE 570B GRADER DW570BX545218 4,666 Street LEASE 22 -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 54 KOMATSU GD605 GRADER 57014 30,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne LINKBELT LS2800 S Beck 55 ECAVATOR/BREAKER N/A 50,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 56 PAVER LIGHTS 800 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne HIGH PRESSURE WASHER - S Beck 57 SHOP 1,000 Street -------------------------------------------------------------------------------------------------------------------------- 58 Geodyne TELSMITH CRUSHER 505M2602 760,000 S Beck BANCBOSTON w/conveyors, van, screen Street plant, cone crusher, etc. LEASE and accessories (as 18-FALCON listed on lease schedule) RIDGE -------------------------------------------------------------------------------------------------------------------------- 60 Geodyne TEXAS CRUSHER SYSTEMS 1999-027 110,000 S Beck BANC MODEL 600 w/accessories Street ONE LEASING 4 - FALCON RIDGE ? -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 61 2 ea. CON VAULT FUEL TANKS 10,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 62 Belt for Asphalt Plan Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 63 Chain for Asphalt Plant Street -------------------------------------------------------------------------------------------------------------------------- Geodyne FEED BINS, SILOS, OIL S Beck 64 TANKS OFF OLD PLANT N/A Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 65 LOADOUT SYSTEM (HOT PLANT) Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 66 NEW ASTEC ASPHALT PLANT N/A 1,800,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne NEW BURNER FOR ASPHALT S Beck 67 PLANT Street -------------------------------------------------------------------------------------------------------------------------- Geodyne NEW INCLINE SCREEN FOR S Beck 68 ASPHALT PLANT N/A 12,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 69 WASTE OIL SYSTEM/HOT PLANT Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 70 Water Tank 500 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 71 BIN TOP TRANSFER CONVEYOR N/A Street -------------------------------------------------------------------------------------------------------------------------- Geodyne FALCON RIDGE CONVEYORS, S Beck 72 MISC. N/A Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 73 MOVABLE CONVEYORS N/A Street -------------------------------------------------------------------------------------------------------------------------- Geodyne NEW CONVEYOR AT ASPHALT S Beck 74 PLANT Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck BANC Street ONE LEASING 1 - (2) RADIAL STACKERS AND 30100RS03001/ & FALCON 75 SPLITTER CHUTE 3002 12,000 RIDGE ? -------------------------------------------------------------------------------------------------------------------------- Geodyne 3 - TRANSIT LASERS (SONIC S Beck 76 SYSTEMS) 15,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 77 4 LASERS (DID NOT SEE) 4,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 78 LASTER AND TOOLS 1,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne PAVER ACCESSORY - SONIC S Beck 79 SYSTEM 5,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne BLAWKNOX PF-5510 PAVER S Beck BANCBOSTON 80 w/accessories 551019-28 90,000 Street LEASE 22 -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck SAFECO 81 BLAWKNOX PF-5510 PAVER 551020-52 100,000 Street LEASE 23 -------------------------------------------------------------------------------------------------------------------------- Geodyne BLAWKNOX PF-5510 PAVER S Beck 82 (from Cox) 551019-03 150,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck INSIDE Street SHOP - BANCBOSTON 83 LEEBOY 8500 PAVER 1386LD 30,000 LEASE 22 -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 84 PAVER ACCESSORY - SKI 1,500 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne INGERSOLL RAND SD-70DA S Beck BANCBOSTON 85 COMPACTOR 147113 30,000 Street LEASE 22 -------------------------------------------------------------------------------------------------------------------------- Geodyne INGERSOLL RAND CR-32 S Beck 86 COMPACTOR 15738 28,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne INGERSOLL RAND CR-32 S Beck BANCBOSTON 87 COMPACTOR 152670 25,000 Street LEASE 22 -------------------------------------------------------------------------------------------------------------------------- Geodyne INGERSOLL RAND CR-32 S Beck SAFECO 88 COMPACTOR 157039 35,000 Street LEASE 24 -------------------------------------------------------------------------------------------------------------------------- Geodyne INGERSOLL RAND DD-110 S Beck BANCBOSTON 89 COMPACTOR 142679 18,000 Street LEASE 22 -------------------------------------------------------------------------------------------------------------------------- Geodyne INGERSOLL RAND DD-32 S Beck BANCBOSTON 90 COMPACTOR 153334 32,000 Street LEASE 22 -------------------------------------------------------------------------------------------------------------------------- Geodyne INGERSOLL RAND SD-100DA S Beck SAFECO 91 COMPACTOR 154679 45,000 Street LEASE 23 -------------------------------------------------------------------------------------------------------------------------- Geodyne INGERSOLL RAND SD-70D ? S Beck 92 COMPACTOR 52445 25,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne INGERSOLL RAND SD70-DA S Beck 93 COMPACTOR 157664 45,000 Street -------------------------------------------------------------------------------------------------------------------------- 32 -------------------------------------------------------------------------------------------------------------------------- Geodyne INGERSOLL RAND SD70-DA S Beck 94 COMPACTOR 157415 45,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne INGERSOLL RAND SD70-DA S Beck BANCBOSTON 95 COMPACTOR 147301 30,000 Street LEASE 22 -------------------------------------------------------------------------------------------------------------------------- Geodyne INGERSOLL RAND SD70-DA S Beck SAFECO 96 COMPACTOR 158736 48,000 Street LEASE -------------------------------------------------------------------------------------------------------------------------- Geodyne INGERSOLL RAND SD70-DA S Beck SAFECO 97 COMPACTOR 159216 52,000 Street LEASE 24 -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 98 1999 BARBER GREEN BG-650 5HK66770 50,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne 4 - COMPACTORS (PLATE S Beck 99 COMPACTORS) 2,400 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne S Beck 100 PLATE COMPACTOR 600 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne Beck 101 PLATE COMPACTOR 600 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne LOAD OUT SYSTEM - Beck 102 COMPUTER SOFTWARE Street -------------------------------------------------------------------------------------------------------------------------- Geodyne Beck 103 NEC Phone System Street -------------------------------------------------------------------------------------------------------------------------- Geodyne Beck 104 FORD FABRIC TRACTOR UT25479 10,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne Beck 106 (2) High Pressure washers Street -------------------------------------------------------------------------------------------------------------------------- Geodyne Added to Beck GMC WATER TRUCK list TJV35V592234 2,000 Street T-43 -------------------------------------------------------------------------------------------------------------------------- Geodyne 89 FORD WATER TRUCK Added to 1FDNK74P6KVA31366 2,000 Beck T-43a list Street -------------------------------------------------------------------------------------------------------------------------- Geodyne Added to Beck 85 MACK WATER TRUCK list 1M2V1778FM001191 2,000 Street T-56 -------------------------------------------------------------------------------------------------------------------------- Geodyne Added to Beck 86 GMC WATER TRUCK list 2,000 Street T-57 -------------------------------------------------------------------------------------------------------------------------- Geodyne Added to Beck 74 FORD WATER TRUCK list 15682DCA18221 2,000 Street T-71 -------------------------------------------------------------------------------------------------------------------------- Geodyne Added to Beck 82 MACK WATER TRUCK list 1M2P137C1CA010611 2,000 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne Added to Beck 1981 KENWORTH WATER TRUCK list 1XKWDN9X5BS189235 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne Added to Beck 88 GMC PICKUP list 1FUPFDYB2WPA07702 2,000 Street GP01 -------------------------------------------------------------------------------------------------------------------------- Geodyne Added to Beck 97 Ford Pickup list 1FTZF1722WKB43435 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne Added to Beck 93 Chevy one ton list 1GBKC34N4PJ107343 Street -------------------------------------------------------------------------------------------------------------------------- Geodyne Added to Beck 95 CHEVY PICKUP list 1GBJC34F3SE157155 10,000 Street T-38 -------------------------------------------------------------------------------------------------------------------------- Geodyne Added to Beck 96 CHEVY PICK UP list 1GCDC1425RZ228611 12,000 Street T-33 -------------------------------------------------------------------------------------------------------------------------- Geodyne Added to Beck 97 FORD F150 PICKUP list 1FTEF17LOVKB89335 14,000 Street T-54 -------------------------------------------------------------------------------------------------------------------------- Geodyne Added to Beck 97 FORD F150 PICKUP list 1FTDF1723VKD36363 14,000 Street T-50 -------------------------------------------------------------------------------------------------------------------------- Geodyne Added to Beck 99 FORD F150 PICKUP list 1FTXF1724XKB60271 18,000 Street T-60 -------------------------------------------------------------------------------------------------------------------------- Geodyne Added to Beck 99 FORD F150 PICKUP list 1FTZF1728XKB60273 18,000 Street T-63 -------------------------------------------------------------------------------------------------------------------------- Geodyne 99 FORD F150 PICKUP Added to 1FTXF1723XKB60276 18,000 Beck T-64 list Street --------------------------------------------------------------------------------------------------------------------------
33 SCHEDULE 1.1(d) INVENTORIES All inventories, including materials, spare parts, supplies, and other similar items listed on SCHEDULE 1.1(a) are incorporated herein by reference. In addition, inventories shall include all standard spare-part inventories and shop/office supplies located at the properties listed on Schedule A. 34 SCHEDULE 1.1(e)(i) CONTRACTS TO BE TRANSFERRED TO AND ASSUMED BY PARSON Those property leases to be transferred to Parson listed on Schedule 1.4(b)(i), those operational and capital leases listed on Schedule 2.1 and the following other contracts: SITE 25C- N. VICTORY ROAD (18 ACRES- FALCON RIDGE QUARRY) Partial assignment of the Royalty and Consulting Agreement dated as of February 18, 1998 by and among G. Elaine Rolfe, Kim V. Rolfe, Kerry D. Rolfe, Kurt E. Rolfe and Kelley L. Dawson and Rolfe Development, LLC as their assignee and Falcon Ridge Construction (predecessor in interest to Geodyne Beck Rock Products, Inc.) (as to the 18 acres only). Push and Blast Oral Agreement with Rolfes only to the extent of the following terms: (i) the Rolfes blast from the 30 acre parcel and push the blasted ore to the crusher; (ii) once the ore is crushed, the Rolfes are to be paid $0.85 a ton; and (iii) Parson assumes responsibility for payment with respect to ore that has been pushed and blasted but not crushed as of the Closing Date. Liability for all other terms and conditions of said oral agreement remain with Seller. Billboard Lease Agreement dated February 22, 1994, by and between Reagan Outdoor Advertising ("Lessee") and Falcon Ridge Construction ("Lessor") (predecessor in interest to Geodyne Beck Rock Products, Inc.) (subject to the indemnity provisions in the Agreement). SITE 32- 1730 BECK STREET Salt Lake City Real Property License Agreement dated as of December 31, 1998 by and between Monroc, Inc. ("Licensor") and Eagle Precast Company ("Licensee"). Agreement for Service from Track of Railroad dated November 15, 1996, by and between Southern Pacific Railroad Company and the Denver and Rio Grande Western Railroad Company ("Landlord") and Monroc, Inc. ("Tenant"). SITE 90- LEHI Agreement for Easement dated July 20, 2000, by and between RCA Family, L.C. and Eagle Valley Materials. 35 SCHEDULE 1.1(e)(ii) CONTRACTS TO BE TRANSFERRED TO AND ASSUMED BY STAKER Those property leases to be transferred to Staker listed on Schedule 1.4(b)(ii), those operational and capital leases listed on Schedule 2.1 and the following other contracts: SITE 26- 1616 BECK STREET (FALCON RIDGE HOT PLANT) Asphalt Bituminous Paving Material Agreement between Geodyne Beck Rock Products, Inc. ("Contractor") and Salt Lake City Corporation ("City") dated March 14, 2000, renewed through January 2, 2002 at the higher $19 per ton price. 36 SCHEDULE 1.1(l) OTHER ACQUIRED ASSETS Those items listed on Schedule 1.1(a) are incorporated herein by reference. 37 SCHEDULE 1.1A BUYER PERMITTED ENCUMBRANCES SITE: Keigley Quarry [1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records. 2. Any facts, rights, interests or claims which are not shown by the public records but which could be ascertained by an inspection of said land or by making inquiry of persons in possession thereof. 3. Easements, claims of easements or encumbrances which are not shown by the public records. 4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments and any other which a correct survey would disclose, and which are not shown by public records. 5. Unpatented mining claims; reservations exceptions patents or in Acts authorizing the issuance thereof, water rights, claims or title to water. 6. Any lien, or right to a lien, for services, labor or material theretofore or hereafter furnished, imposed by law and not shown by the public records. 7. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed insured acquires of record for value the estate or interest or mortgage thereon covered by this commitment.] 8. General property taxes for the year 2001 now a lien, not yet due. Tax ID No. 98-125-0161. 9. Terms and conditions of a mining location executed by Columbia Steel Company as shown on document recorded June 19, 1943, as Entry No. 6481 in Book 378 at Page 160 of Official Records. 10. Terms and conditions of a Pole Line Easement granted to Utah Power & Light Company, recorded July 27, 1943, as Entry No. 7868 in Book 377 at Page 551 of Official Records. 11. Terms and conditions of an Easement Conveyance to Utah County, recorded August 25, 1943, as Entry No. 9046 in Book 385 at Page 21 of Official Records. 12. Terms and conditions of an Easement granted to Geneva Steel Company, recorded May 9, 1951 as Entry No. 5253 in Book 550 at Page 500 of Official Records. 13. Terms and conditions of a Designation of Right of Way for the Strawberry High Line Canal, executed by the United States Department of the Interior recorded January 22, 1998 as Entry No. 6161 in Book 4.499 at Page 552 of Official Records. 14. Terms and conditions of Resolution No. 199447 of Utah County, recorded January 9, 1995, as Entry No. 1453 in Book 3601 at Page 137 of Official Records. 38 15. A right of way thereon for ditches and canals constructed by the authority of the United States. [16. All leasing act minerals, and the right of the United States, its lessees, permittees, and licensees to enter upon the land, prospect for, drill, mine, treat, store and remove the same, and to sue so much of the surface of said land as may be necessary for such purposes, as reserved in Patent recorded as Entry No. 1834 in Book 1185 at Page 296 of Official Records. (Affects Columbia Placer 22, 26, 27, 28, 29, 30, 31 and 32) 17. The Patent grants are restricted in their exterior limits to the boundaries of mining premises, and to any veins or lode. of quartz or other rock in place bearing gold, silver, cinnabar, lead, tin, copper, or other valuable deposits, which may have been discovered subsequent to and which were not known to exist on dates recited on individual patents. Should any vein or lode of quartz or other rock in place bearing gold, silver cinnabar, lead, tin, copper or other valuable deposits, be claimed or know to exist within premises at said dated recited on individual patents, the same is expressly excepted and excluded from these presents. The premises shall be held subject to any vested and accrued water rights for mining, agricultural, manufacturing or ocher purposes, and rights to ditches and reservoirs used in connection with such water rights as may be recognized and acknowledged by the local laws, customs and decisions of the courts. That in the absence of necessary legislation by Congress, the Legislature of Utah may provide rules for working the mining claim or premises hereby granted, involving easements, drainage and other necessary means to the complete development thereof.] 18. Terms and conditions of a Special Exception executed by the Utah County Board of Adjustment, recorded September 15, 2000, as Entry No. 72710:2000 of Official Records. 19. Terms and conditions of a Special Exception executed by the Utah County Board of Adjustment, recorded September 14,2000, as Entry No. 72711:2000 of Official Records. 20. A Stipulation in the matter of Staker Paving & Construction Company, Inc.'s and Jack B. Parson Companies appeals to the Utah County Board of Adjustment for a special exception issued from Fourth Judicial District Court, Utah County, State of Utah, Civil Nos. 000402277 and 000402228, docketed January 10, 2001, in Utah County Clerk's Office and recorded January 10,2001, as Entry No. 2518:2001 of Official Records. 21. An Order in the matter of Stoker Paving & Construction Company, Inc.'s and Jack B. Parson Companies appeals to the Utah County Board of Adjustment for a special exception issued from Fourth Judicial District Court, Utah County, State of Utah, Civil Nos. 000402277 and 000402278, docketed January 19, 2002, in Utah County Clerk's Office and recorded January 23, 2001, as Entry No. 5670:2001 of Official Records. 22. Terms and conditions of a Special Exception executed by the Utah County Board of Adjustment, recorded February 13, 2001, as Entry No. 12135:2001 of Official Records. 39 SITE: POINT OF THE MOUNTAIN (PACIFIC WEST PROPERTY) [1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records. 2. Any facts, rights, interests or claims which are not shown by the public records but which could be ascertained by an inspection of said land or by making inquiry of persons in possession thereof. 3. Easements, claims of easements or encumbrances which are not shown by the public records. 4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments and any other facts which a correct survey would disclose, and which are not shown by public records. 5. Unpatented mining claims; reservations or exceptions in patents or in Acts authorizing the issuance thereat water rights, claims or title to water. 6. Any lien, or right to a lien, for services, labor or material theretofore or hereafter furnished, imposed by law and not shown by the public records. 7. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed insured acquires of record for value the estate or interest or mortgage thereon covered by this commitment.] 8. General property taxes for the year 2001 now alien, not yet due. Tax ID No. 33-23-400-008-0000. 2000 general property taxes were paid in the amount of $2,031.48. Tax ID. No. 33-23-400-0034002. 2000 general property taxes were paid in the amount of $1,303.23. Tax ID. No. 33-24-300-003-0000. 2000 general property taxes were paid in the amount of $3,645.31. Tax I.D. No. 58-01-0011. 9. (Affects that portion within Salt Lake County) Said land is included within the boundaries of Salt Lake County Sewerage Improvement District No. 1, and is subject to charges and assessments made thereby. 10. (Affects that portion within Salt Lake County) Said land is included within the incorporated city limits of Draper City, and is subject to charges and assessments made thereby. 11. (Affects that portion within Utah County) Said property is located within the boundaries of Lehi City and its service districts and is subject to charges and assessments levied thereunder. [12. Lack of access to or from said property.] 40 13. An unrecorded Sand, Gravel and Associated Borrow Material Lease dated March 22, 1994 by and between Rock Springs Royalty Company, a Utah corporation, and Bolinder Companies, Inc., a Utah corporation, as disclosed by the following: Assignment of Lease by and between Union Pacific Land Resources Corporation and its affiliate Rock Springs Royalty Company, assignor and Pacific West Royalty, L.L.C., as assignee, recorded April 29, 1998 as Entry No. 6946259 in Book 7961 at Page 1881 of Official Records; and recorded in Utah County, April 29, 1998 as Entry No. 42040 in Book 4616 at Page 547. 14. A right of way for Telephone and Electric Transmission lines (the exact location of which is not disclosed) granted to the Telluride Power Company, a Colorado corporation by instrument recorded September 1, 1909 as Entry No. 4614 in Book 115 at Page 11 of Official Records. 15. Location of buildings and facilities and equipment used primarily in the operations at the site which are located on, over or beyond the perimeter property lines of the conveyed parcels. 41 SCHEDULE 1.1A(a) ACQUIRED BUYER'S ASSETS. The assets that are primarily used in the Business, including, but not limited to, the items listed below (as well as all standard shop, lab and office equipment located at Keigley Quarry):
EQUIPMENT THAT STAYS AT KIEGLEY EQ # DESCRIPTION MODEL # SERIAL NUMBER KIEGLEY RAILCAR LOADOUT SYSTEM 21001 40,000 LB SWITCHMASTER 1000 40,000 LB 10321 44042 CONTROL VAN FOR 91177 91019 36"X 104' PIONEER RADIAL STACKER 36PFSC-227 MOD:PIONEER 91029 89 30"X 125' RADIAL STACKER 2789-630-12-77 KIMBALL 91030 SHOP MADE FEEDER/CONVEYOR 91142 86 MARCO CONVEYOR 540 58140-1 MODD:P540 91177 DRIVE-OVER FEEDER SHOP MADE R/R LOADOUT KEIGLEY QUARRY 91178 36"X40' CONVEYOR WITH 91177 93022 KOLBERG 5'X10' SCREEN W/91177 2D6010M 1665-60-10-79-2M KIEGLEY ROCK DUST OPERATION 49031 SULLAIR STATIONARY AIR COMPRESSOR 12-50-H 003-49664 90004 RAYMOND ROTARY DRYING FURNACE N/A N/A 91172 24" X 100 FT CONVEYOR WITH FEEDER N/A N/A 91173 24" X 120 FT COVERED CONVEYOR N/A N/A 92013 RAYMOND VERTICAL ROTARY 60" MILL 6058 45116 92041 350 TON ELEVATED STORAGE BIN RAW PRODUCT N/A 94042 250 TON ELEVATED STORAGE BIN DUST ROCK N/A 96035 70 FT X 10 FT DOUGLAS TRUCK SCALE STATIONARY 120,000 # N/A 97030 98 BMT 4,000 GAL. DIESEL TANK 6058 8203 98008 RAY JET DUST COLLECTOR SYSTEM 8MC-15 72 BAGS N/A 98009 MICRO PULSE AIR DUST COLLECTOR 49S-8-ZC 76081H1 99045 76 ST. REGIS BAGGING MACHINE 770FF 762030 99046 76 ST. REGIS BAGGING MACHINE 770FF 762031 KIEGLEY QUARRY EXISTING CRUSHER AND EQUIPMENT ALLIS CHALMERS JAW CRUSHER 200HP 48" X 42" 3251 WITH 48" X 120" PAN FEEDER TRAYLOR BULLDOG 60" CRUSHER 39163 91169 30 " X 350 FT PRIMARY CONVEYOR 30" X 350 FT N/A 91170 30" X 244 FT SECONDARY CONVEYOR 30" X 244 FT N/A 91171 24" X 80 FT INCLINE CONVEYOR 24" X 80 FT 49029 INGERSOLL STATIONARY AIR COMPRESSOR XRE BE1154-5 49039 INGERSOLL STATIONARY AIR COMPRESSOR XRE BE 3738-9 50011 MILLER SHOP WELDER GOLD STAR 500SS JA394803 50032 LINCOLN SHOP WELDER -DC SAE-400 A-572316 50033 LINCOLN SHOP WELDER -DC SAE-400 N/A 67001 56 P&H 1400 ELECTRIC SHOVEL 4.5 C.Y. 1400 19460 67002 59 P&H 1400 ELECTRIC SHOVEL 4.5 C.Y. 1400 21970 57 P&H 1400 ELECTRIC SHOVEL 4.5 C.Y. 1400 20620 ( INOPERABLE ) 68005 79 WHITE 6000# FORKLIFT FL-1 665-91707 43 68007 YALE 6000# FORKLIFT RGP51AT-60 5414051 94040 175 TON ELEVATED STORAGE BIN N/A N/A 97031 BMT 1,000 GAL. GASOLINE TANK AND PUMP 1,000 7325 97032 BMT 10,000 GAL. DIESEL TANK AND PUMP 10,000 8204 68 BUCYRUS ERIE 40 R ROTARY DRILL 40R 130210 64 ELECTRIC POWER SUBSTATION 100KVA N/A N/A 18,000 GAL. WATER STORAGE TANK N/A N/A 27 TON AMMONIA NITRATE STORAGE TANK N/A N/A ADDITIONAL KEIGLEY QUARRY EXISTING EQUIPMENT: 19003 81 CAT 769B 35 TON HAUL TRUCK 769-B 99F7091 19004 81 CAT 769B 35 TON HAUL TRUCK 769-B 99F7109 19005 72 DART D2330 35 TON HAUL TRUCK D2330 72140 72 DART D2330 35 TON HAUL TRUCK - INOPERABLE D2330 72139 66 WABCO 30 TON HAUL TRUCK - INOPERABLE 30 TON CF8314 66 WABCO 30 TON HAUL TRUCK - INOPERABLE 30 TON CF8798 DROTT CRUSAIR RUBBER TIRED BACKHOE - INOPERABLE CRUZAIR 40 N/A GARDNER-DENVER PORTABLE AIR COMPRESSOR MBQ4013 211416 16005 83 FORD F700 BOOM LIFT TRUCK F700 1FDXF0H5DVA30501 16009 79 CHEV C-50 WELDER TRUCK C-50 C15DA9V183481 20009 79 CHEV C-70 LUBE AND OIL TRUCK 50031 MILLER BIG 40 WELDER ON WELDING TRUCK BIG 40 HK242888 24025 81 INTERNATIONAL 3,800 GAL. WATER TRUCK 2574 1HTZPKCR4GHA19628
43 SCHEDULE 1.1A(d) BUYER INVENTORIES Inventories as defined on Schedule 5.14 as well as all standard spare-part inventories and shop/office supplies located at Keigley Quarry. 44 SCHEDULE 1.1A(e) CONTRACTS TO BE TRANSFERRED TO AND ASSUMED BY SELLERS WESTERN: Dolomite Supply Agreement between Oldcastle, Inc. and Geneva Steel Company dated October 20, 1999. MONROC: The property lease described on Schedule 1.4(c). Water Purchase Agreement dated May 28, 1999 by and between the Salt Lake County Water Conservancy and Staker Paving and Construction Company Inc. 45 SCHEDULE 1.1A(k) OTHER ACQUIRED BUYER ASSETS Those items listed on Schedule 1.1A(a) are incorporated herein by reference. 46 SCHEDULE 1.2 EXCLUDED ASSETS 1. Geodyne Transportation Division. SEE ATTACHED LIST OF TRAILERS, TRUCKS, PICK-UPS AND TACK-TRUCKS. 2. All licensing and miscellaneous dispatch computers and all computer software and hardware other than the batch computers at the ready mix locations. 3. Command data dispatch system located at Draper in connection with the server, application software and licensing for trucks Sellers retain. 4. The original books and records relating to the Acquired Assets and the Seller's purchase and sales activities prior to the Closing Date. 5. Those assets on the attached list. 6. Those items listed on SCHEDULE 4.3.3. 47 Attachment to Schedule 1.2 - Excluded Assets 48
----------------------------------------------------------------------------------------------------------------------------------- Geodyne Beck Rock Products, Inc. ----------------------------------------------------------------------------------------------------------------------------------- Truck List ----------------------------------------------------------------------------------------------------------------------------------- As of 2/28/01 ------------------------------------------------------------------------------------------------------------------------------------ Sys# Acq Date Asset# Description Site Serial # ----------------------------------------------------------------------------------------------------------------------------------- 155 4/1/99 BART 1998 Ford F 150 Pickup GEO 1FTRX18L3WK014047 ----------------------------------------------------------------------------------------------------------------------------------- 158 Comp (2) New computers w/color printers GEO ----------------------------------------------------------------------------------------------------------------------------------- 194 comp Computer GEO ----------------------------------------------------------------------------------------------------------------------------------- 161 COMP1 Gateway computer for Don Hart GEO ----------------------------------------------------------------------------------------------------------------------------------- 91 CP01 Computer GEO ----------------------------------------------------------------------------------------------------------------------------------- 127 CP02 P.C. Innovations GEO ----------------------------------------------------------------------------------------------------------------------------------- 146 CP05 Niche Bidding Software GEO ----------------------------------------------------------------------------------------------------------------------------------- 231 4/1/98 E-14 Load King trailer BECK 6703 ----------------------------------------------------------------------------------------------------------------------------------- 82 2/21/98 GF12 1970 Ford Fuel Truck GEO C61CVJ22801 ----------------------------------------------------------------------------------------------------------------------------------- 376 4/1/00 GO15 1993 CHEVY SERVICE TRUCK GEO 1GBKC34N4PJ107343 ----------------------------------------------------------------------------------------------------------------------------------- 79 2/21/98 GO18 1971 White T-81 Tractor X CA213HP054691 ----------------------------------------------------------------------------------------------------------------------------------- 1 2/21/98 GO21 1979 Mack Dump Truck GEO RS686LS47407 ----------------------------------------------------------------------------------------------------------------------------------- 3 2/21/98 GO24 1980 Mack Dump Truck GEO RS686LST55511 ----------------------------------------------------------------------------------------------------------------------------------- 96 2/21/98 GO26 1979 Mack Dump Truck GEO RS686LST47288 ----------------------------------------------------------------------------------------------------------------------------------- 2/21/98 GO28 1977 Mack Dump Truck GEO RS686LST34285 ----------------------------------------------------------------------------------------------------------------------------------- 7 2/21/98 GO31 1984 Mack Dump Truck GEO 1M2T157C5EM001597 ----------------------------------------------------------------------------------------------------------------------------------- 97 2/21/98 GO32 1984 Mack Dump Truck X 1M2T157C1EM001595 ----------------------------------------------------------------------------------------------------------------------------------- Lease GO373 1998 Peterbilt 378 Dumptruck GEO 1NPFLBOX4WD442512 ----------------------------------------------------------------------------------------------------------------------------------- 9 2/21/98 GO41 1985 Mack Dump Truck GEO 1M2T157C4FM002449 ----------------------------------------------------------------------------------------------------------------------------------- 10 2/21/98 GO42 1985 Mack Dump Truck X 1M2T157COFM002450 ----------------------------------------------------------------------------------------------------------------------------------- 11 2/21/98 GO43 1982 Mack Dump Truck GEO 1N2T148C70M001476 ----------------------------------------------------------------------------------------------------------------------------------- 12 2/21/98 GO44 1984 Mack Dump Truck GEO 1M2R131C7EM001110 ----------------------------------------------------------------------------------------------------------------------------------- 13 2/21/98 GO45 1985 Mack Dump Truck GEO 1M2B130C8FA001381 ----------------------------------------------------------------------------------------------------------------------------------- 14 2/21/98 GO46 1991 Mack Dump Truck GEO 1M2P267C9MM011200 ----------------------------------------------------------------------------------------------------------------------------------- 17 2/21/98 GO50 1993 Mack Tractor GEO 1M2AA14Y4PW024698 ----------------------------------------------------------------------------------------------------------------------------------- 19 2/21/98 GO53 1987 Kenworth Tractor GEO 1XKWDB3X8H5348272 ----------------------------------------------------------------------------------------------------------------------------------- 21 2/21/98 GO55 1988 Peterbilt Tractor GEO 1XPAD29X1JD298122 ----------------------------------------------------------------------------------------------------------------------------------- 22 2/21/98 GO56 1988 Peterbilt Tractor X 1XPAD29X1JD258122 ----------------------------------------------------------------------------------------------------------------------------------- 23 2/21/98 GO57 1988 Peterbilt Tractor GEO 1XPAD29X1JD258136 ----------------------------------------------------------------------------------------------------------------------------------- 98 6/1/99 GO58 1992 Mack Dump Truck (PROC) GEO 1M2P267C4NM013048 ----------------------------------------------------------------------------------------------------------------------------------- 99 6/1/99 GO59 1992 Mack Dump Truck (PROC) GEO 1M2P267C6NM013049 ----------------------------------------------------------------------------------------------------------------------------------- 100 6/1/99 GO60 1992 Mack Dump Truck (PROC) GEO 1M2P267C2NM013050 ----------------------------------------------------------------------------------------------------------------------------------- 101 6/1/99 GO61 1992 Mack Dump Truck (PROC) GEO 1M2P267C4NM013051 ----------------------------------------------------------------------------------------------------------------------------------- 103 2/21/98 GO63 1988 Peterbilt Tractor GEO 1XP5DB9X6JD252480 ----------------------------------------------------------------------------------------------------------------------------------- 28 2/21/98 GO64 1991 Kenworth Tractor GEO 1XKAD69X4MS561795 ----------------------------------------------------------------------------------------------------------------------------------- 29 2/21/98 GO65 1993 International Tractor GEO 2HSFHCCR6PC066710 ----------------------------------------------------------------------------------------------------------------------------------- 30 2/21/98 GO66 1993 International Tractor GEO 2HSFHCCR6PC066707 ----------------------------------------------------------------------------------------------------------------------------------- 31 2/21/98 GO68 1993 International Tractor GEO 2HSFHCCR8PC066725 ----------------------------------------------------------------------------------------------------------------------------------- 32 2/21/98 GO69 1993 International Tractor GEO 2HSFHCCR9PC066734 ----------------------------------------------------------------------------------------------------------------------------------- 33 2/21/98 GO70 1995 Kenworth Tractor GEO 1XKADR9X3SJ652433 ----------------------------------------------------------------------------------------------------------------------------------- 34 2/21/98 GO71 1995 Kenworth Tractor GEO 1XKADR9X3SJ652434 ----------------------------------------------------------------------------------------------------------------------------------- 104 2/21/98 GO72 1997KT GEO 1XKAD29XXVJ738656 ----------------------------------------------------------------------------------------------------------------------------------- 105 2/21/98 GO74 1997 Peterbilt Dump Truck GEO 1NPFL60X2WN443319 ----------------------------------------------------------------------------------------------------------------------------------- 106 2/21/98 GO75 1997 Peterbilt Dump Truck GEO 1NPFL60X0WN443318 ----------------------------------------------------------------------------------------------------------------------------------- 131 1/1/00 GO76 1998 International Tractor GEO 2HSFHAER5WC041927 ----------------------------------------------------------------------------------------------------------------------------------- Lease GO77 1998 Peterbilt 378 Tractor GEO 1NPFLBOXXWD442515 ----------------------------------------------------------------------------------------------------------------------------------- 49 ----------------------------------------------------------------------------------------------------------------------------------- Lease GO78 1998 Peterbilt 378 Tractor GEO 1NPFLBOX1WD442516 ------------------------------------------------------------------------------------------------------------------------------------ Lease GO79 1998 Peterbilt 378 Tractor GEO 1NPFLBOX4WD460055 ----------------------------------------------------------------------------------------------------------------------------------- Lease GO80 1998 Peterbilt 378 Tractor GEO ANPFLB9X5WD460064 ----------------------------------------------------------------------------------------------------------------------------------- Lease GO81 1999 Kenworth T800B GEO 1XKDDB9X6X4796314 ----------------------------------------------------------------------------------------------------------------------------------- Lease GO82 1999 Kenworth T800B GEO 1XKDDB9X8XR796315 ----------------------------------------------------------------------------------------------------------------------------------- Lease GO83 1999 Kenworth T800B GEO 1XKDDB9XXXR796316 ----------------------------------------------------------------------------------------------------------------------------------- Lease GO84 1999 Kenworth T800B GEO 1XKDDB9X1XR796317 ----------------------------------------------------------------------------------------------------------------------------------- Lease GO85 1999 Kenworth T800B GEO 1XKDDB9X3XR796318 ----------------------------------------------------------------------------------------------------------------------------------- Lease GO86 1998 Freightliner GEO 1FUPFDYB9WPA07700 ----------------------------------------------------------------------------------------------------------------------------------- Lease GO87 1998 Freightliner GEO 1FUPFDYB2WPA07702 ----------------------------------------------------------------------------------------------------------------------------------- Lease GO87 1998 Freightliner GEO 1FUPFDYB4WPA07703 ----------------------------------------------------------------------------------------------------------------------------------- Lease GO88 1998 Freightliner GEO 1FUPFDYB6WPA07704 ----------------------------------------------------------------------------------------------------------------------------------- 198 12/31/99 GP07 Clare's Pickup GEO ----------------------------------------------------------------------------------------------------------------------------------- 83 2/21/98 GP10 1982 Chevrolet Service Truck GEO 1GCE24H2CJ144964 ----------------------------------------------------------------------------------------------------------------------------------- 85 2/21/98 GP13 1976 Chevrolet Fuel Truck GEO CTE666V147459 ----------------------------------------------------------------------------------------------------------------------------------- 84 2/21/98 GP14 1987 Dodge Service Truck GEO 1B6MD3457HS400669 ----------------------------------------------------------------------------------------------------------------------------------- 141 12/29/98 GP971 1997 Ford Crew Cab GEO 1FTGW26GXVEC75094 ----------------------------------------------------------------------------------------------------------------------------------- 112 2/21/98 GT305 1996 Ranco Dolly GEO 1R9SP1500TL008875 ----------------------------------------------------------------------------------------------------------------------------------- 113 2/21/98 GT306 1996 Ranco Dolly GEO 1R9SP1505TL008015 ----------------------------------------------------------------------------------------------------------------------------------- 35 2/21/98 GT550 1973 Fruehauf Tank Trailer GEO UNR471906 ----------------------------------------------------------------------------------------------------------------------------------- 6 2/21/98 GT551 1980 Williamson Pup Trailer GEO 66221 ----------------------------------------------------------------------------------------------------------------------------------- 37 2/21/98 GT552 1980 Williamson Pup Trailer GEO 66223 ----------------------------------------------------------------------------------------------------------------------------------- 8 2/21/98 GT553 1980 Williamson Pup Trailer GEO 66572 ----------------------------------------------------------------------------------------------------------------------------------- 39 2/21/98 GT554 1980 Williamson Pup Trailer GEO 66255 -----------------------------------------------------------------------------------------------------------------------------------
50
----------------------------------------------------------------------------------------------------------------------------------- Geodyne Beck Rock Products, Inc. ------------------------------------------------------------------------------------------------------------------------------------ Truck List ------------------------------------------------------------------------------------------------------------------------------------ As of 2/28/01 ------------------------------------------------------------------------------------------------------------------------------------ Sys# Acq Date Asset# Description Site Serial # ---- -------- ------ ----------- ---- -------- ------------------------------------------------------------------------------------------------------------------------------------ NI40 2/21/98 GT555 1981 Williamson Pup Trailer GEO 1W94E2527BS004016 ------------------------------------------------------------------------------------------------------------------------------------ 41 2/21/98 GT556 1981 Williamson Pup Trailer GEO 1W94E2527BS004017 ------------------------------------------------------------------------------------------------------------------------------------ 42 2/21/98 GT557 1981 Williamson Pup Trailer GEO 1W94E2527BS004018 ------------------------------------------------------------------------------------------------------------------------------------ 43 2/21/98 GT558 1988 Clement Pup Trailer GEO 1C9DD13C4JM110295 ------------------------------------------------------------------------------------------------------------------------------------ 44 2/21/98 GT559 1988 Clement Pup Trailer GEO 1C9DD15C8JM110359 ------------------------------------------------------------------------------------------------------------------------------------ 45 2/21/98 GT560 1984 Williamson Pup Trailer GEO 1W94E2522ES004089 ------------------------------------------------------------------------------------------------------------------------------------ 46 2/21/98 GT561 1984 Williamson Pup Trailer GEO 1W94E2522ES004090 ------------------------------------------------------------------------------------------------------------------------------------ 121 2/21/98 GT5619 1997 Polar Tank Trailer GEO 1PMA14327V1018420 ------------------------------------------------------------------------------------------------------------------------------------ 47 2/21/98 GT562 1984 Williamson Pup Trailer GEO 1W94E2522ES004091 ------------------------------------------------------------------------------------------------------------------------------------ 129 1/1/00 GT5622 1997 Polar Tank Trailer GEO 1PMA12943V1018847 ------------------------------------------------------------------------------------------------------------------------------------ 137 5/26/98 GT5624 1980 Westmark Tank Trlr GEO 85501 ------------------------------------------------------------------------------------------------------------------------------------ 48 2/21/98 GT563 1984 Williamson Pup Trailer GEO 1W94E2528ES004093 ------------------------------------------------------------------------------------------------------------------------------------ 49 2/21/98 GT564 1984 Williamson Pup Trailer GEO 1W94E252XS004094 ------------------------------------------------------------------------------------------------------------------------------------ 50 2/21/98 GT567 1978 Williamson Pup Trailer GEO 64008 ------------------------------------------------------------------------------------------------------------------------------------ 51 2/21/98 GT571 1978 Ravens End Dump GEO 781323-781324 ------------------------------------------------------------------------------------------------------------------------------------ 52 2/21/98 GT574 1993 Harris Belly Dump Trailer GEO 1K9BS4225PU011031 ------------------------------------------------------------------------------------------------------------------------------------ 53 2/21/98 GT575 1993 Harris Belly Dump Pup GEO 1K9BS2342PU011041 ------------------------------------------------------------------------------------------------------------------------------------ 54 2/21/98 GT576 1993 Harris Belly Dump Trailer GEO 1K9BS4226PU011037 ------------------------------------------------------------------------------------------------------------------------------------ 55 2/21/98 GT577 1993 Harris Belly Dump Pup GEO 1K9BS2342PU011038 ------------------------------------------------------------------------------------------------------------------------------------ 56 2/21/98 GT579 1993 Harris Belly Dump Trailer GEO 1K9BS4224PU011036 ------------------------------------------------------------------------------------------------------------------------------------ 57 2/21/98 GT580 1993 Harris Belly Dump Pup GEO 1K9BS2344PU011039 ------------------------------------------------------------------------------------------------------------------------------------ 58 2/21/98 GT581 1988 Polar Tank Trailer GEO 1PMA14327J1009470 ------------------------------------------------------------------------------------------------------------------------------------ 59 2/21/98 GT583 1978 Beall Tank Trailer GEO STN23478 ------------------------------------------------------------------------------------------------------------------------------------ 60 2/21/98 GT584 1980 Beall Tank Pup Trailer GEO TT12123 ------------------------------------------------------------------------------------------------------------------------------------ 61 2/21/98 GT585 1977 Beall Tank Trailer GEO D76402103 ------------------------------------------------------------------------------------------------------------------------------------ 62 2/21/98 GT589 1988 Polar Tank Trailer GEO 1PMA14325J1009239 ------------------------------------------------------------------------------------------------------------------------------------ 63 2/21/98 GT590 1987 Westmark Tank Pup Trailer GEO 16WTE32E7HC118615 ------------------------------------------------------------------------------------------------------------------------------------ 64 2/21/98 GT591 1984 Fruehauf Tank Trailer GEO 1H4TO452XEL009209 ------------------------------------------------------------------------------------------------------------------------------------ 65 2/21/98 GT592 1984 Westmark Tank Pup Trailer GEO 16WTA32G9EC114462 ------------------------------------------------------------------------------------------------------------------------------------ 66 2/21/98 GT593 1984 Fruehauf Tank Trailer GEO 1H4TO4526EL009210 ------------------------------------------------------------------------------------------------------------------------------------ 67 2/21/98 GT595 Redriver Live Bottom Trailer GEO 1R9LB4439G1051001 ------------------------------------------------------------------------------------------------------------------------------------ 68 2/21/98 GT596 1996 Ranco Belly Dump Trailer GEO 1R9BSB60XTL008806 ------------------------------------------------------------------------------------------------------------------------------------ 69 2/21/98 GT597 1996 Ranco Belly Dump Trailer GEO 1R98SB603TL008873 ------------------------------------------------------------------------------------------------------------------------------------ 70 2/21/98 GT598 1996 Ranco Belly Dump Trailer GEO 1R9BSB601TL008872 ------------------------------------------------------------------------------------------------------------------------------------ 71 2/21/98 GT599 1996 Ranco Belly Dump Trailer GEO 1R9BSB605TL008874 ------------------------------------------------------------------------------------------------------------------------------------ 72 2/21/98 GT600 1996 Polar Tank Trailer GEO 1PMA14328T1017807 ------------------------------------------------------------------------------------------------------------------------------------ 73 2/21/98 GT601 1996 Polar Tank Pup Trailer GEO 1PMA12428T1017809 ------------------------------------------------------------------------------------------------------------------------------------ 74 2/21/98 GT602 1996 Polar Tank Trailer GEO 1PMA1432XT1017808 ------------------------------------------------------------------------------------------------------------------------------------ 75 2/21/98 GT603 1996 Polar Tank Pup Trailer GEO 1PMA12424T1017810 ------------------------------------------------------------------------------------------------------------------------------------ 76 2/21/98 GT604 1996 Flowboy Pup Trailer GEO 1H9PT3942TN101019 ------------------------------------------------------------------------------------------------------------------------------------ 77 2/21/98 GT605 1996 Flowboy Pup Trailer GEO 1H9PT3942TN101020 ------------------------------------------------------------------------------------------------------------------------------------ 78 2/21/98 GT606 1996 Flowboy Pup Trailer GEO 1H9PT3942TN101021 ------------------------------------------------------------------------------------------------------------------------------------ 107 2/21/98 GT607 1997 Flowboy Pup Trailer GEO 1H9PT3948VN101013 ------------------------------------------------------------------------------------------------------------------------------------ 108 2/21/98 GT608 1997 Flowboy Pup Trailer GEO 1H9PT3948VN101014 ------------------------------------------------------------------------------------------------------------------------------------ 109 2/21/98 GT609 1997 Flowboy Pup Trailer GEO 1H9PT3948VN101015 ------------------------------------------------------------------------------------------------------------------------------------ 110 2/21/98 GT610 1997 Flowboy Pup Trailer GEO 1H9PT3948VN101016 ------------------------------------------------------------------------------------------------------------------------------------ 111 2/21/98 GT611 1997 Flowboy Pup Trailer GEO 1H9PT3948VN101017 ------------------------------------------------------------------------------------------------------------------------------------ 114 2/21/98 GT612 1981 Beall Tank Pup Trailer GEO 1BN1T2124BP131670 ------------------------------------------------------------------------------------------------------------------------------------ 115 2/21/98 GT613 1981 Beall Tank Pup Trailer GEO 1BN1T2124BP131671 ------------------------------------------------------------------------------------------------------------------------------------ 116 2/21/98 GT614 1977 Timte Tank Trailer GEO D77054103 ------------------------------------------------------------------------------------------------------------------------------------ 51 ------------------------------------------------------------------------------------------------------------------------------------ 117 2/21/98 GT615 1983 Fruehauf Tank Trailer GEO 1H4TO4123DL011422 ------------------------------------------------------------------------------------------------------------------------------------ 118 2/21/98 GT616 1986 Trailmaster Tank Pup Trailer GEO 1T9CB13D1EF002009 ------------------------------------------------------------------------------------------------------------------------------------ 119 2/21/98 GT617 1997 Polar Tank Trailer GEO 1PMA14326V1018425 ------------------------------------------------------------------------------------------------------------------------------------ 120 2/21/98 GT618 1997 Specn Tank Pup Trailer GEO UTT18032 ------------------------------------------------------------------------------------------------------------------------------------ 122 2/21/98 GT6620 1997 Polar Tank Pup Trailer GEO 1PMA13137W1019123 ------------------------------------------------------------------------------------------------------------------------------------ 123 2/21/98 GT6621 1997 Tank Pup Trailer GEO 1PMA13139W1019124 ------------------------------------------------------------------------------------------------------------------------------------ 130 1/1/00 GT6623 1997 Polar Tank Pup Trailer GEO 1PMA14031V1018846 ------------------------------------------------------------------------------------------------------------------------------------ Lease GT7000 1998 Clement Trailer GEO 1C9DD18D5VM110717 ------------------------------------------------------------------------------------------------------------------------------------ 138 2/21/98 GW08 1974 Int'l Water Truck GEO 10672DHA11595 ------------------------------------------------------------------------------------------------------------------------------------ 81 2/21/98 GW09 1977 Mack Water Truck GEO RL686LST33510 ------------------------------------------------------------------------------------------------------------------------------------ Truck shop parts & supplies GEO ------------------------------------------------------------------------------------------------------------------------------------ 186 Jack Jack GEO ------------------------------------------------------------------------------------------------------------------------------------ 156 4/1/99 JONF 1998 Ford F150 Pickup GEO 1FTRX18L2WK007817 ------------------------------------------------------------------------------------------------------------------------------------ JSATHER 1999 Ford F250 Crew Cab GEO 1FTRX18L2WK007817 ------------------------------------------------------------------------------------------------------------------------------------ 125 OF03 Radio Equipment GEO ------------------------------------------------------------------------------------------------------------------------------------ 126 OF04 Toshiba Copier GEO ------------------------------------------------------------------------------------------------------------------------------------ 132 OF05 Minolta 4050 Copier GEO ------------------------------------------------------------------------------------------------------------------------------------ 145 2/22/99 OF06 NEC Phone System GEO ------------------------------------------------------------------------------------------------------------------------------------ 147 OF07 10 Desks w/return GEO ------------------------------------------------------------------------------------------------------------------------------------ 152 OF08 Conference Table GEO ------------------------------------------------------------------------------------------------------------------------------------ 52 ----------------------------------------------------------------------------------------------------------------------------------- Geodyne Beck Rock Products, Inc. ------------------------------------------------------------------------------------------------------------------------------------ Truck List ------------------------------------------------------------------------------------------------------------------------------------ As of 2/28/01 ------------------------------------------------------------------------------------------------------------------------------------ Sys# Acq Date Asset# Description Site Serial # ---- -------- ------ ----------- ---- -------- ------------------------------------------------------------------------------------------------------------------------------------ 159 OF09 New Cherry desk w/matching table GEO ------------------------------------------------------------------------------------------------------------------------------------ 317 OF10 Time Clock w/trade-in GEO ------------------------------------------------------------------------------------------------------------------------------------ 167 OF10 (2) Timeclocks GEO ------------------------------------------------------------------------------------------------------------------------------------ 187 Radio 2 Handheld Radios GEO ------------------------------------------------------------------------------------------------------------------------------------ 191 Radio 2 Handheld Radios GEO ------------------------------------------------------------------------------------------------------------------------------------ 154 4/30/99 RONC 1999 Ford F353 Supercab Pickup GEO 1FTSX31F2XEC79201 ------------------------------------------------------------------------------------------------------------------------------------ 214 S-1 High Pressure Washer GEO ------------------------------------------------------------------------------------------------------------------------------------ 386 SH05 Clutch Handler GEO ------------------------------------------------------------------------------------------------------------------------------------ 177 Shop Power Washer GEO ------------------------------------------------------------------------------------------------------------------------------------ 223 4/1/98 T-23 1978 Kenworth dump truck BECK 163995S ------------------------------------------------------------------------------------------------------------------------------------ 150 4/1/98 T-35 1995 International Dump Truck (BECK) GEO 1HTGGAET0SH659108 ------------------------------------------------------------------------------------------------------------------------------------ 227 4/1/98 T-37 1995 Chevy pickup BECK 1GBJC34F7SE253337 ------------------------------------------------------------------------------------------------------------------------------------ 229 4/1/98 T-39 1996 CHEVY PICKUP BECK 1GBHC34FXTE229504 ------------------------------------------------------------------------------------------------------------------------------------ 149 4/1/98 T-41 1995 International Dump Truck (Beck) GEO 2HTTGAST3SC029821 ------------------------------------------------------------------------------------------------------------------------------------ 30 4/1/98 T-44 97 Dodge pickup BECK 3B7KF23B2VM506251 ------------------------------------------------------------------------------------------------------------------------------------ 153 4/1/98 T-46 1997 International Dump Truck GEO 1HTGLAETOVH483645 ------------------------------------------------------------------------------------------------------------------------------------ 151 4/1/98 T-47 1997 International Dump Truck (Beck) GEO 1HTGLAET9VH483644 ------------------------------------------------------------------------------------------------------------------------------------ 242 6/12/98 T-53 Geodyne Mack BECK RS686LS55512 ------------------------------------------------------------------------------------------------------------------------------------ 277 12/1/98 T-54A Tool Box BECK ------------------------------------------------------------------------------------------------------------------------------------ 264 4/23/99 T-59 1999 Ford F-150 Pickup BECK 1FTZF1721XKB60275 ------------------------------------------------------------------------------------------------------------------------------------ 267 4/20/99 T-61 1999 Ford F150 Pickup BECK 1FTXF1722XKB60270 ------------------------------------------------------------------------------------------------------------------------------------ 265 4/20/99 T-62 1999 Ford F150 Pickup BECK 1FTXF172XXKB60274 ------------------------------------------------------------------------------------------------------------------------------------ 262 4/22/99 T-65 1995 Ford F800 Pickup BECK 1FDNF80C9SVA00867 ------------------------------------------------------------------------------------------------------------------------------------ 272 5/17/99 T-66 1999 Ford 350 Flatbed BECK 1FDWF36F8XEE37369 ------------------------------------------------------------------------------------------------------------------------------------ 282 10/1/99 T-67 FORD F350 MECHANICS TRUCK W/CRANE BECK 1FDWF36F6XEE37368 ------------------------------------------------------------------------------------------------------------------------------------ 274 5/17/99 T-69 1999 Ford F250 Crew Cab BECK 1FTNW21F2XEE37370 ------------------------------------------------------------------------------------------------------------------------------------ 279 9/16/99 T-70 1988 FORD PICKUP BECK 1FTHF25M7JPA07786 ------------------------------------------------------------------------------------------------------------------------------------ 373 4/13/00 T-72 2000 FORD F350 PICKUP GEO 1FTSX31F8YEB46301 ------------------------------------------------------------------------------------------------------------------------------------ 375 4/1/00 T-73 1988 INT'L SERVICE TRUCK 1955 BECK 1HSLRDBN5JH537069 ------------------------------------------------------------------------------------------------------------------------------------ 425 7/15/00 T-76 Distributor Truck BECK 1FDXF80C6WVA30326 ------------------------------------------------------------------------------------------------------------------------------------ 400 5/24/00 T-78 2000 Ford F250 Pickup BECK 3FTNX21F1YMA41049 ------------------------------------------------------------------------------------------------------------------------------------ 250 4/1/98 1994 Transport Trailer BECK ------------------------------------------------------------------------------------------------------------------------------------ 379 4/1/00 1982 FORD F8000 FUEL & LUBE TRUCK BECK 1FDYU8OU6CVA17171 ------------------------------------------------------------------------------------------------------------------------------------ 374 4/12/00 2000 FORD F250 PICKUP GEO 3FTNW21F2YMA40754 ------------------------------------------------------------------------------------------------------------------------------------ Lease (30) Tires/Rims GEO ------------------------------------------------------------------------------------------------------------------------------------ Lease 1999 Kenworth T800B GEO 1NKDLB9X5XR865114 ------------------------------------------------------------------------------------------------------------------------------------ Lease 1999 Kenworth T800B GEO 1NKDLB9X5XR865115 ------------------------------------------------------------------------------------------------------------------------------------ Lease 1999 Kenworth T800B GEO 1NKDLB9X5XR865116 ------------------------------------------------------------------------------------------------------------------------------------ Lease 1999 Kenworth T800B GEO 1NKDLB9X5XR865117 ------------------------------------------------------------------------------------------------------------------------------------ Lease 1999 Kenworth T800B GEO 1NKDLB9X5XR865118 ------------------------------------------------------------------------------------------------------------------------------------ Lease 1999 Kenworth T800B GEO 1NKDLB9X5XR865119 ------------------------------------------------------------------------------------------------------------------------------------ Lease 1999 Kenworth T800B GEO 1NKDLB9X5XR865120 ------------------------------------------------------------------------------------------------------------------------------------ Lease 1999 Williamsen Trailers GEO 1W95E39FOXS002488 ------------------------------------------------------------------------------------------------------------------------------------ Lease 1999 Williamsen Trailers GEO 1W95E39FOXS002489 ------------------------------------------------------------------------------------------------------------------------------------ Lease 1999 Williamsen Trailers GEO 1W95E39FOXS002490 ------------------------------------------------------------------------------------------------------------------------------------ 53 ------------------------------------------------------------------------------------------------------------------------------------ Lease 1999 Williamsen Trailers GEO 1W95E39FOXS002491 ------------------------------------------------------------------------------------------------------------------------------------ Lease 1999 Williamsen Trailers GEO 1W95E39FOXS002492 ------------------------------------------------------------------------------------------------------------------------------------ Lease 2000 Polar Trailer GEO 1PMA12437Y1022788 ------------------------------------------------------------------------------------------------------------------------------------ Lease 2000 Kenworth T800 GEO 1XKDDB9X9WR767028 ------------------------------------------------------------------------------------------------------------------------------------ Lease 2000 Kenworth T800 GEO 1XKDDB9X9WR767031 ------------------------------------------------------------------------------------------------------------------------------------ Lease 1998 Beall Bottom Dump Trailers GEO 1BN2P3430WB005327 ------------------------------------------------------------------------------------------------------------------------------------ Lease 1998 Beall Bottom Dump Trailers GEO 1BN2P3430WB005328 ------------------------------------------------------------------------------------------------------------------------------------ Lease 1998 Beall Bottom Dump Trailers GEO 1BN2P3430WB005329 ------------------------------------------------------------------------------------------------------------------------------------ Lease 1998 Beall Bottom Dump Trailers GEO 1BN2P3430WB005330 ------------------------------------------------------------------------------------------------------------------------------------ Lease 1998 Beall Bottom Dump Trailers GEO 1BN2P3430WB005331 ------------------------------------------------------------------------------------------------------------------------------------ Lease 1998 Beall Bottom Dump Trailers GEO 1BN2P3430WB005332 ------------------------------------------------------------------------------------------------------------------------------------ Lease 1998 Beall Bottom Dump Trailers GEO 1BN2P3430WB005333 ------------------------------------------------------------------------------------------------------------------------------------ Lease 1998 Beall Bottom Dump Trailers GEO 1BN2P3430WB005334 ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Computers, copier, faxes, furniture, etc. BECK ------------------------------------------------------------------------------------------------------------------------------------ Debbie's computer & accounting printer BECK ------------------------------------------------------------------------------------------------------------------------------------ HP 4000 Printer GEO ------------------------------------------------------------------------------------------------------------------------------------ IKON Cannon facsimile machine GEO ------------------------------------------------------------------------------------------------------------------------------------ Traffic Control Equipment BECK ------------------------------------------------------------------------------------------------------------------------------------
54 SCHEDULE 1.2 EXCLUDED ASSETS
From Year Model or Description Description Serial # Location Noters/Comments Monroc 90 CHEV Pickup w/Radio 1GCDK146LE249914 Gone Gone Monroc 90 CHEV Pickup w/Radio 2G1WL54T7L9181037 Gone Gone Monroc 89 CHEV Pickup w/Radio 2GCEC14H4K1217304 Gone Gone Monroc 97 DODGE Pickup w/Radio 3R7HF16X5VS241936 Gone Gone Monroc 87 FORD Pickup w/Radio 1FDKF37L4HKA31854 Gone Gone Monroc 98 FORD Pickup w/Radio 1FDZZ96P8WVA28433 Boise Mixer Truck Boise Monroc 98 FORD Pickup w/Radio 1FDZZ96PXWVA29549 Boise Mixer Truck Boise Monroc 97 FORD Pickup w/Radio 1FMDU34C1VU91473 Gone Gone Monroc 97 FORD Pickup w/Radio 1FMDU35PXNZA09204 Gone Gone Monroc 98 FORD Pickup w/Radio 1HTTWAHT8WJ001645 Boise Mixer Truck Boise Monroc 86 GMC Pickup w/Radio 1G9TAJ066GA008005 Gone Precast Monroc 86 GMC Pickup w/Radio 1G9TAJ068GA008006 Gone Precast Monroc 84 Homemade Trailer Trailer WA78100247 Gone Precast Monroc 82 KENWORTH Tractor w/Radio 1M2V230C8CM001031 Gone Precast Monroc 90 KENWORTH Tractor w/Radio 1XKBDE9XXLJ556815 Gone Precast Monroc 93 KENWORTH Tractor w/Radio 1XKWD29XXCS31118 Gone Precast Monroc 78 MACK Tractor w/Radio RL685LS26101 Boise Mixer Truck Boise Monroc 60 PEER Trailer 602696 Twin Falls Monroc 67 PNTW Trailer WA78100242 Precast Monroc 67 PNTW Trailer WA78100245 Precast Monroc 78 SPEC Trailer 13242 Precast 55 Monroc 92 1992 CHEVROLET 4X4 1GCFK24KONE103778 Gone Sold Monroc 95 1995 RAM 1995 DODGE RAM 1B7HC16Y1SS102122 Boise Boise MODEL 1500 Monroc CAT. WHEEL LOADER Boise Boise Monroc AUTO CONTROL 2000 Boise Monroc AUTO CONTROL BATCH Gone COMPUTER SERIES 2000, MOIST EQUIP Monroc AUTOTRACKING SYSTEM Boise Monroc CURTIS 10 HP AIR Twin Falls COMPRESSOR FOR BATCH PLANT Monroc DEEONESYS PURCHASE Gone Gone PERSONAL COMPUTER FOR OFFICE Monroc DEEONESYST DATA ENTRY Gone Gone PERSONAL COMPUTER SYSTEM
56 SCHEDULE 1.2A EXCLUDED BUYERS ASSETS Buildings and ready-mix plant located at Keigley Quarry. Shop at Point of the Mountain to be retained and used by Staker. 1985 Powell portable truck scales s/n 8100C10-S1 Unit 48009, Gelco Scale House Trailer 57 SCHEDULE 1.4(b)(I) PROPERTY LEASES (TO BE ASSIGNED TO PARSON) SITE 25A- 1080 N. VICTORY ROAD (FALCON RIDGE QUARRY) Lease dated as of August 18, 2000, by and between Sinclair Oil Corporation (as landlord) and Geodyne Transport, Inc. (predecessor in interest to Geodyne Beck Rock Products, Inc.) (as tenant). SITE 177- TOOELE Ordinary Sand and Gravel Permit between Western Aggregates, Inc. (as permittee) and the State of Utah School and Institutional Trust Lands Administration (as permitter) dated June 16, 2000. 58 SCHEDULE 1.4(b)(II) PROPERTY LEASES (TO BE ASSIGNED TO STAKER) SITE 26- 1616 NORTH BECK STREET (HOT PLANT) Commercial Lease Agreement dated as of February 20, 1998, by and among A.C. Financial (as landlord), Geodyne Transport, Inc. (predecessor in interest to Geodyne Beck Rock Products, Inc.) (as tenant) and Western Aggregates Holding Corp. (as guarantor). 59 SCHEDULE 1.4(c) PROPERTY LEASES (TO BE ASSIGNED TO MONROC) SITE 47- POINT OF THE MOUNTAIN Sand, Gravel and Associated Borrow Material Lease dated April 1, 1998 by and between Pacific West Royalty, LLC (as Lessor) and Staker Paving and Construction Company, Inc. (as Lessee) (with a retained interest in shop and its continual use with Staker's ready mix operations). To be integrated and combined with Lease Agreement dated July 28, 1998 by and between Pacific West Royalty, LLC (as Lessor) and Jack B. Parson Companies (as Lessee) into "Combined Lease," and then transferred to Staker and Seller pursuant to Co-Occupancy Agreement. Lease with Utah Department of Transportation (Landlord) and Staker Paving and Construction Company, Inc. (Tenant), dated March 5, 1997 (since assigned to Geneva Rock as Landlord). Lease purposes are for the stockpiling and storage of materials in connection with its operations at the Point of the Mountain. 60 SCHEDULE 1.4(d) ASSUMPTION AGREEMENTS 1. Assignment and Assumption of Commercial Lease Agreement dated as of February 20, 1998, by and among A.C. Financial (as landlord), Geodyne Transport, Inc. (predecessor in interest to Geodyne Beck Rock Products, Inc.) (as tenant) and Western Aggregates Holding Corp. (as guarantor). 2. Assignment and Assumption of Lease dated as of August 18, 2000, by and between Sinclair Oil Corporation (as landlord) and Geodyne Transport, Inc. (predecessor in interest to Geodyne Beck Rock Products, Inc.) (as tenant). 3. Assignment and Assumption of Ordinary Sand and Gravel Permit between Western Aggregates, Inc. (as permittee) and the State of Utah School and Institutional Trust Lands Administration (as permitter) dated June 16, 2000. 4. Assignment and Assumption of Salt Lake City Real Property License Agreement dated as of December 31, 1998 by and between Monroc, Inc. ("Licensor") and Eagle Precast Company ("Licensee"). 5. Assignment and Assumption of Agreement for Service from Track of Railroad dated November 15, 1996, by and between Southern Pacific Railroad Company and the Denver and Rio Grande Western Railroad Company (as landlord) and Monroc, Inc. (as tenant). 6. Assignment and Assumption of Agreement for Easement dated July 20, 2000, by and between RCA Family, L.C. and Eagle Valley Materials. 7. Assignment and Assumption of Royalty and Consulting Agreement dated as of February 18, 1998 by and among G. Elaine Rolfe, Kim V. Rolfe, Kerry D. Rolfe, Kurt E. Rolfe and Kelley Dawson and Rolfe Development, LLC as their assignee and Falcon Ridge Construction (predecessor in interest to Geodyne Beck Rock Products, Inc.). 8. Assignment and Assumption of Asphalt Bituminous Paving Material Agreement between Geodyne Beck Rock Products, Inc. ("Contractor") and Salt Lake City Corporation ("City") dated March 14, 2000, renewed through January 2, 2002. 9. Assignment and Assumption Agreements necessary to transfer the capital and operating leases listed on the attachment to Schedule 2.1. 10. Assignment of Billboard Lease Agreement dated February 22, 1994, by and between Reagan Outdoor Advertising ("Lessee") and Falcon Ridge Construction ("Lessor") (predecessor in interest to Geodyne Beck Rock Products, Inc.) (subject to the indemnity provisions in the Agreement). 61 SCHEDULE 1.4(e) SELLER ASSUMPTION AGREEMENTS Lease Agreement dated March 5, 1997 by and between Utah Department of Transportation (as Lessor) and Staker Paving and Construction Company Inc. (as Lessee) Dolomite Supply Contract by and between Geneva Steel Company and Oldcastle dated October 20, 1999 Water Purchase Agreement dated May 28, 1999 by and between the Salt Lake County Water Conservancy and Staker Paving and Construction Company Inc. Sand, Gravel and Associated Borrow Material Lease dated April 1, 1998 by and between Pacific West Royalty, LLC (as Lessor) and Staker Paving and Construction Company, Inc. (as Lessee) (with a retained interest in shop and its continual use with Staker's ready mix operations). To be integrated and combined with Lease Agreement dated July 28, 1998 by and between Pacific West Royalty, LLC (as Lessor) and Jack B. Parson Companies (as Lessee) into "Combined Lease," and then transferred to Staker and Seller pursuant to Co-Occupancy Agreement. 62 SCHEDULE 1.4(f) BILLS OF SALE 1. Western to Parson 2. Monroc to Parson 3. Geodyne to Staker 4. Valley to Parson 5. Eagle to Parson 63 SCHEDULE 1.4(g) BUYER BILLS OF SALE 1. Staker to Monroc 64 SCHEDULE 1.4(h) OWNED PROPERTY TO BE TRANSFERRED BY SPECIAL WARRANTY DEED SITE 38- HEBER Heber (ready mix plant) SITE 44- PARK CITY Park City (ready mix plant) SITE 25B AND 25C- FALCON RIDGE QUARRY 1050 N. Victory Road (30 acres) N. Victory Road (18 acres) 65 SCHEDULE 1.4(i) PROPERTY TO BE LEASED FROM SELLERS TO BUYERS SITE 32- 1730 BECK STREET 1730 Beck Street (limestone quarry, ready mix plant, shop, office, lab) (lease from Monroc to Parson) SITE 47- POINT OF THE MOUNTAIN Lease of parcel 1 (ready mix site) from Monroc to Parson. 66 SCHEDULE 1.4(j) PROPERTY TO BE SUBJECT TO CO-OCCUPANCY AGREEMENT BETWEEN BUYERS AND SELLERS Keigley Quarry Point of the Mountain 67 SCHEDULE 1.4(l) PROPERTY TO BE USED BY TRI-STATE PURSUANT TO AGREEMENTS WITH BUYERS Tri-State Lab located at 1730 Beck Street - Office Building Tri-State Lab at Park City Site - Trailer 68 SCHEDULE 1.4(n) PROPERTY SUBJECT TO CO-OCCUPANCY AGREEMENT BETWEEN SELLERS AND BUYERS SITE 91- LELAND YARD Leland Yard (co-occupancy and Seller continues to operate asphalt plant and main office, shop and gravel stock pile) 69 SCHEDULE 1.4(p) OTHER RELATED AGREEMENTS In addition to the documents listed below, any documents or instruments executed and delivered at or in connection with the Closing by Buyers or Sellers or their respective affiliated entities: 1730 NORTH BECK STREET o Memorandum of Lease Agreement between Monroc and Parson o Termination of Lease Agreement by and among Monroc, Staker and Parson o Memorandum of Tri-State Sublease PARK CITY o Quitclaim Deed HEBER CITY o Quitclaim Deed FALCON RIDGE QUARRY o Quitclaim Deed from Geodyne o Quitclaim Deed from G. Elaine Rolfe, Kim V. Rolfe, Kerry D. Rolfe, Kurt E. Rolfe and Kelly L. Dawson o Waiver, Consent, Estoppel and Amendment by G. Elaine Rolfe, Kim V. Rolfe, Kerry D. Rolfe, Kurt E. Rolfe and Kelly L. Dawson, Rolfe Development LLC and Geodyne, in favor Parson LEHI o Second Amendment to Purchase and Operating Agreement dated as of March 28, 2001 by and among Peck Rock and Products, LLC, Clay Peck, Cole Peck, Western and Parson (co-occupancy and Seller continues to operate the limestone quarry and asphalt plant) o Memorandum of Purchase and Operating Agreement by and among Peck Rock and Products LLC, Clay Peck and Cole Peck, Western and Parson o Termination of License Agreement between Western and Eagle 1616 NORTH BECK STREET (HOT PLANT) o Consent of State of Utah to Assignment of Asphalt Bituminous Agreement o Memorandum of Assignment and Assumption Agreement between Geodyne and Staker regarding AC Financial Lease o Consent of AC Financial to Assignment of Commercial Lease POINT OF THE MOUNTAIN o Memorandum of Co-Occupancy Agreement o Letter Agreement for Off-Site Building 70 o Easement and License Agreement dated as of March 30, 2001 by and between Monroc and Parson o Agreement of Easement and Notice of Easement dated as of March 30, 2001 by and between Monroc and Parson o Lease Agreement between Staker and Monroc o Memorandum of Lease between Staker and Monroc SPANISH FORK (LELAND) o Memorandum of Co-Occupancy Agreement between Valley and Parson o Specific Irrevocable Power of Attorney Coupled with an Interest by Valley in favor of Parson o Amendment to Real Estate Option Agreement between Valley, Brent R. Sumsion and Scott J. Sumsion BACCHUS 2 o License Agreement by and between Monroc and Parson o Memorandum of License Agreement by and between Monroc and Parson KEIGLEY QUARRY o Co-Occupant Consent by Staker o Memorandum of Co-Occupancy Agreement between Staker and Western o Assignment and Assumption by and among Oldcastle and Staker, regarding the Dolomite Supply Agreement o Waiver, Consent, Estoppel and Amendment by Geneva Steel LLC and Staker in favor of Western 1080 NORTH VICTORY ROAD, SITE 25A (FALCON RIDGE QUARRY) o Memorandum of Lease between Geodyne and Parson regarding Sinclair Oil Lease o Consent of Sinclair Oil to Assignment of Lease TOOELE o [NONE] OTHER DOCUMENTS o Aggregates Purchase and Sale Agreement, by and between Parson and Monroc o Self Insurance Amendment, Fleet Capital Corporation (Bank of Boston) 71 SCHEDULE 2.1 ASSUMED LIABILITIES 1. All property leases to be assigned to the Parson listed on Schedule 1.4(b)(i); 2. All property leases to be assigned to the Staker listed on Schedule 1.4(b)(ii); 3. All contracts to be assumed by Buyer listed on Schedule 1.1(e)(i); 4. All contracts to be assumed by Buyer listed on Schedule 1.1(e)(ii); 5. Those capital and operating leases on the attached list. 72 SCHEDULE 2.1 ASSUMED LIABILITIES GEODYNE - OPERATING -LEASES
LESSOR VALUE LEASE EQUIPMENT TRANSFERRED Banc Boston $1,093,177 06/01/98 (a) One (1) Splitter Chute with Flop Gate 30"x100" Fleet/CIT 933-70 Portable Side Fold Radial Stacker w/ 30 h.p. Drive Hydraulic Raise and Travel (b) One (1) new belt feeder 36"x 20', 20hp tefc electric motor, 15yd hopper, used single axle Chassis. (c) One (1) new Telesmith 30x55 LP-PP-VGF Plant S/N 505M2602 w/200hp drive, 54"x20" vibrating feeder S/N 121 m5890, w/30x50 jaw crusher S/N 222m8051 and Fold-down loader hopper S/N7L03010004 VS2R (d) Three (3) 30"x60' Stackable Conveyors (e) Three (3) 36"x60' Stackable Conveyors (f) Two (2) 36"x70' Stackable frame Conveyors (g) One (1) 36"x 15' Conveyor for feeding finehead cone form screen plant (h) One (1) 36 or 42x45 stackable conveyor for taking material from finehead cone to spitter chute (i) One new JCI 1400 LS Cone Crusher S/N 98C01B1400LS (j) 7x20 3-deck JCI screen S/N 97H08138 (k) Conveyor 48" side discharge conveyor (l) One 1 new JCI 1400LS cone crusher S/N 98C01A1400LS (m) One (1) portable twin screen plant w/2 new JCI 7'x20' 3-deck screens S/Ns 98H09A38 AND 98H01A38 (n) One (1) 36"x11' cross conveyor (o) Four (4) 24"x 11' Cross Conveyors, 3 axle (p) One (1) used Utility 45' Van w/switch gear for crusher
73
LESSOR VALUE LEASE EQUIPMENT TRANSFERRED Banc Boston #22 $609,729 01/04/96 One (1) New Blaw Knox Model 5510 Paver S/N 101928 One (1) Ingersoll Rand Model DD1100 Asphalt Compactor S/N 142679 One (1) Ingersoll Rand Model SD70DA Asphalt Compactor S/N 147113 One (1) Ingersoll Rand Model SD70DA Asphalt Compactor S/N 147301 One (1) LeeBoy L-250 Tack Distributor S/N L250T1166 One (1) LeeBoy L250 Tack Distributor S/N L250T1023 One (1) New LeeBoy Model 8500 Low Deck Asphalt Paver One (1) New Ingersoll Rand Model CR32 Asphalt Paver S/N 152670 One (1) New Ingersoll Rand Model DD32 Asphalt Compactor S/N 153334 SafeCo $425,687 (a) One (1) Blaw Knox Model PF5510 Asphalt Paver S/N 003-0049 55102052 731-001 (b) One (1) Rosco Model Max-H II Maximizer S/N 35584 (c)) One (1) Ly Moden L250T Lee Boy Track S/N 0T1232 (d) One Laymor Model 8B Broom S/N 28154 (e) One (1) Ingersoll Rand Asphalt Compactor S/N 154679 (f) One (1) 1999 Ford F-800 Service Truck S/N 3FENF8014XMA13246 SafeCo $344,498 05/04/99 (a) Two (2) 1999 Ingersoll-Rand Single Drum Compactors 099-0049 S/Ns 158736 & 158216 713-002 (b) One (1) 1999 Ingersoll-Rand CR32 Single Drum Compactor S/N 157038 (c) One (1) 1999 Trail King Transport Trailer S/N 1TK04831XM068300 (d) One (1) 1999 Kensworth Transport Truck S/N 1XKWPBEX2XR836281 Zion's Credit $4,857 05/11/98 One (1) Boy Model 250T Tack Distributor with Honda 6627-8 Engine and Spray Bar S/N 250T-1371 One (1) AshRoss 1260C Mobile Unloading Zion's Credit $402,185 05/11/98 System S/N 6627-9 AR-1260C-100-00
74
LESSOR VALUE LEASE EQUIPMENT TRANSFERRED Banc One $118,002 04/12/00 One (1) Texas Crusher Systems Model 600 1001103126 Auto balance impact crusher with (2) 300hp electric motors S/N 1999-027, including factory stand, soft starters, eriez magnet Banc One $73,364 04/21/00 (a) One (1) new 30"x 100' radial stacker, 1000103600 pit portable, fixed height, power radial 1000-22.5 tires S/N30100RS03001 (b) One (1) new 30" x 100' radial stacker, pit portable, fixed height, power radial 1000-22.5 tires S/N30120RS03002 (c) One (1) Pantleg splitter chute w/adjustable flap gate
75 MONROC - OPERATING LEASES
LESSOR VALUE LEASE DATE EQUIPMENT TRANSFERRED GE Capital $727,622 03/01/95 Ten (10) 1996 Mack. Model FDM7133 Trucks Serial 5332491-001 Numbers: 1S9C71338T1136614 1S9C7133XT1136615 1S9C71331T1136616 1S9C71333T1136617 1S9C71335T1136618 1S9C71337T1136619 1S9C71333T1136620 1S9C71335T1136621 1S9C71337T1136622 1S9C71339T1136623 GE Capital $437,623 06/98 Four (4) Mack Mixer Trucks S/Ns 5332491-004 1S9C1335W1136736 1S9C1334W1136744 1S9C1336W1136745 1S9C1338W1136746 SafeCo $1,218,768 07/16/98 Ten (10) 1998 Advance Model 71411 70axle mixer truck 099-0991398-012 S/Ns: 1A9TAC4S6W0007152 Schedule 13 1A9TAC7M9W0007367 1A9TAC7M0W0007368 1A9TAC7M2W0007369 1A9TAC7M9W0007370 1A9TAC7M0W0007371 1A9TAC7M2W0007372 1A9TAC7M2W0007374 1A9TAC7M2W0007375 1A9TAC7M2W0007377 Concord $1,067,575 04/09/00 Eight (8) Advance Model 71411-200 Mixer Truck S/Ns: 7-51379-4 1A9TAC7M8X0007863 1A9TAC7M3X0007883 1A9TAC7M7X0007885 1A9TAC7M2X0007888 1A9TAC7M4X0007889 1A9TAC7M6X0007960 1A9TAC7MXX0007959 1A9TAC7MXX0007962 76 LESSOR VALUE LEASE DATE EQUIPMENT TRANSFERRED Bank of America $921,522 05/19/99 Seven (7) Front Dischg. Mixer Trucks S/Ns: Leasing 1A9TAC7M5X0007765 29877-00400-001 1A9TAC7M2X0007969 1A9TAC7M4X0007973 1A9TAC7M1X0007977 1A9TAC7M0X0007002 1A9TAC7M5X0007005 1A9TAC7M1X0007008 Banc One $1,062,677 07/13/00 Seven (7) 2000 Advance Model 61411 Trucks SNs: 1000105063 5DG8AU7TX0008043 5DG8AU7TI0008044 5DG8AU7T30008045 5DG8AU7T50008046 5DG8AU7T10008061 5DG8AU7T00008116 5DG8AU7T20008117 GE Capital $706,956 07/27/99 Five Advance Mixer Trucks S/Ns: 4075677-004 1A9TAC7MX0007024 1A9TAC7M70007028 1A9TAC7M70007016 1A9TAC7M70007012 1A9TAC7M70007020
77 VALLEY ASPHALT - OPERATING LEASES
LESSOR VALUE LEASE DATE EQUIPMENT TO BE TRANSFERRED SafeCo $158,664 Two(2) 1996 Oshkosh Mixer Trucks w/ Mixers S/Ns: 14063-003 Trucks Mixers 10T3ROSS0T1052952 N920 10T3ROSS2T1052953 N981 SafeCo $501,486 05/28/97 Five (5) 1997 Oshkosh S-2146 Mixer Trucks w/ Mixers S/Ns: 003-0034063-006 Trucks Mixers 10TMAWD2026VS063085 N-1652 Schedule 007 10TMAWD2426VS063087 N-1670 10TMAWD2626VS063088 N-1666 10TMAWD2826VS063089 N-1655 10TMAWD2426VS063090 N-1668 SafeCo $216,542 05/18/99 One (1) 1996 Oshkosh Mixer Truck S/N 10T3ROSSXT1052635 34063-012 One (1) 1999 Oshkosh Mixer Truck S/N 10YMAWD26XS066088 Schedule 013 SafeCo $153,758 One (1) 2000 Oshkosh Truck w/ Mixer S/N: 34063-014 Trucks Mixers 10TRAWD10YS067137 M1786 Schedule 015 SafeCo $290,025 10/11/99 Two (2) 2000 Oshkosh Truck w/ Mixer S/N: 34063-013 Trucks Mixers 10TRAWD23XS067060 M1746 Schedule 014 10TRAWD23YS067061 M1743
78 EAGLE VALLEY - OPERATING LEASE
LESSOR VALUE LEASE DATE EQUIPMENT TO BE TRANSFERRED Bank One $336,689 06/28/00 Two (2) Oshkosh Mixers Serial #s 1000104424 Trucks Mixers 10TRAAC20YS068902 M-2638 10TRAAC22YS068903
79 MONROC - CAPITAL LEASES
LESSOR ORIGINAL AMOUNT LEASE DATE EQUIPMENT TO BE TRANSFERRED U.S. Bancorp $156,032 02/06/96 One (1) complete reconditioned Noble Mobile 600 10878-004 Concrete Batch Plant S/N 10878-004 8660R w/Ross Mixer S/N 1200-43 and Auto Controller S/N 92-588
80 VALLEY ASPHALT - CAPITAL LEASES
LESSOR ORIGINAL AMOUNT LEASE DATE EQUIPMENT TO BE TRANSFERRED SafeCo $323,548 05/06/96 Four (4) 1996 Oshkosh Mixer Trucks 34063-002 S/Ns Trucks Mixers 10T3ROSS1T1052944 N967 10T3ROSS3T1052945 N963 10T3ROSS5T1052946 N916 10T3ROSS7T1052947 N985 SafeCo $84,505 One (1) Oshkosh Model S-2146 Cement Truck 34063-004 S/N Truck 10T3ROSS2T1053729 Mixer: M1150/LA5-3261
81 SCHEDULE 2.1A ASSUMED BUYER LIABILITIES Maintenance and payments of mining and mineral claims and conditional use permits pursuant to the Co-Occupancy Agreement at the Keigley Quarry. Dolomite Supply Contract by and between Geneva Steel Company and Oldcastle dated October 20, 1999. Lease Agreement dated March 5, 1997 by and between Utah Department of Transportation (as Lessor) and Staker Paving and Construction Company Inc. (as Lessee). Water Purchase Agreement dated May 28, 1999 by and between the Salt Lake County Water Conservancy and Staker Paving and Construction Company Inc. 82 SCHEDULE 3 ALLOCATION OF PURCHASE PRICE The attached list is incorporated herein by reference. 83 US AGGREGATE PURCHASE PRICE ALLOCATION Total Cash * Maximum debt to be assumed * Total purchase price * Add: * Oldcastle prepayment of BVD lease at Park City * Less: * Deferred payment contingent on zoning for Falcon Ridge 18 acre parcel * Assumed debt (capital and operating leases) * to be finalized Prepayments excluded from final transaction * Cash payment at closing * Capital leases assumed * Purchase price * Deferred payment for reserved constingent on zoning for Falcon Ridge 18 acre * parcel Total proceeds *
ASSET ALLOCATION BY COMPANY
Non-depletable Goodwill Reserves Plant & Mobile Working Total land Equipment Equipment Capital MONROC, INC. * * * * * * * GEODYNE BECK ROCK * * * * * * * PRODUCTS, INC. 30 acre * * * * * * * 18 acre * * * * * * * Asphalt * * * * * * * EAGLE VALLEY * * * * * * * MATERIALS INC. VALLEY ASPHALT, INC * * * * * * * / VALLEY MATERIALS, INC. ------------------------------------------------------------------------------------------ TOTAL * * * * * * * ========================================================================================== Geodyne Beck Rock * Products, Inc. - contingent payment for reserves ------------------------------------------------------------------------------------------ TOTAL * * * * * * * ==========================================================================================
----------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. SCHEDULE 4.3.1 FINANCIAL STATEMENTS The following are attached to this Schedule 4.3.1: Monroc, Inc.: Beck Street Monthly Operating Analysis for the Periods ending December 2000 and 1999. Monroc, Inc.: Beck Street Monthly Operating Analysis for the Periods ending December 2000 and 1999 (Detail of Processed and Unprocessed Material). Monroc, Inc.: Park City and Heber City Monthly Operating Analysis for the Periods ending December 2000 and 1999. Monroc, Inc.: Point of the Mountain Monthly Operating Analysis for the Periods ending December 2000 and 1999. Monroc, Inc.: Point of the Mountain Monthly Operating Analysis for the Periods ending December 2000 and 1999 (Detail of Processed and Unprocessed Material). Monroc, Inc.: Audited Park City and Heber City Monthly Operating Analysis for the Periods ending December 1999 and 1998. Monroc, Inc.: Audited Point of the Mountain Monthly Operating Analysis for the Periods ending December 1999 and 1998. Monroc, Inc.: Audited Beck Street Monthly Operating Analysis for the Periods ending December 1999 and 1998. Geodyne Beck Rock Products, Inc.: Audited Monthly Operating Analysis for the Periods ending December 1999 and 1998. Monroc, Inc.: Audited Bacchus 2 Monthly Operating Analysis for the Periods ending December 1999 and 1998. Valley Asphalt, Inc.: Audited Leland Monthly Operating Analysis for the Periods ending December 1999 and 1998. 85 Attachment to Schedule 4.3.1 - Financial Statements 86
------------------------------------------------------------------------------------------------------------------------- MONROC, INC. ------------------------------------------------------------------------------------------------------------------------- BECK STREET MONTHLY OPERATING ANALYSIS ------------------------------------------------------------------------------------------------------------------------- For the Periods Ended December 2000 and 1999 ------------------------------------------------------------------------------------------------------------------------- MONTH YEAR-TO-DATE ------------------------------------------------------------------------------------------------------------------------- 2000 1999 Budget 2000 1999 Budget ------------------------------------------------------------------------------------------------------------------------- Aggregates ------------------------------------------------------------------------------------------------------------------------- Volume (outside) 13,497 36,388 39,500 566,725 577,437 768,134 ------------------------------------------------------------------------------------------------------------------------- Volume (inside) 5,247 11,421 6,325 130,650 129,551 176,326 ------------------------------------------------------------------------------------------------------------------------- Total Volume 18,744 47,809 45,825 697,375 706,998 944,482 ------------------------------------------------------------------------------------------------------------------------- Price/Ton (outside) 5.91 5.43 6.34 5.24 5.44 6.00 ------------------------------------------------------------------------------------------------------------------------- Price/Ton (inside) 5.25 4.86 5.25 5.33 5.19 5.25 ------------------------------------------------------------------------------------------------------------------------- Cost/Ton (22.06) 2.66 3.53 2.51 2.70 3.02 ------------------------------------------------------------------------------------------------------------------------- Royalty/Ton - - - - - - ------------------------------------------------------------------------------------------------------------------------- Sales $ (outside only) 75,944 197,087 225,060 2,936,082 2,676,946 3,997,161 ------------------------------------------------------------------------------------------------------------------------- Sales $ (inside only) 27,549 55,477 33,205 696,448 672,994 925,722 ------------------------------------------------------------------------------------------------------------------------- Gross Profit 499,171 125,784 111,902 1,905,960 1,684,755 2,426,230 ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Inventory Value ($) 300,504 623,004 935,339 ------------------------------------------------------------------------------------------------------------------------- Volume Produced 5,003 61,068 41,325 817,944 633,262 819,462 ------------------------------------------------------------------------------------------------------------------------- Production Cost/Ton 39.27 2.18 3 3.48 3.23 3.00 ------------------------------------------------------------------------------------------------------------------------- Inventory Change ($) (441,371) 141,610 121,550 (204,688) 408,177 312,335 ------------------------------------------------------------------------------------------------------------------------- Asphalt ------------------------------------------------------------------------------------------------------------------------- Volume (outside) - - - ------------------------------------------------------------------------------------------------------------------------- Volume (inside) - - - - - - ------------------------------------------------------------------------------------------------------------------------- Total Volume - - - - - - ------------------------------------------------------------------------------------------------------------------------- Price/Ton (outside) - - - - - - ------------------------------------------------------------------------------------------------------------------------- Price/Ton (inside) - - - - - - ------------------------------------------------------------------------------------------------------------------------- Cost/Ton - - - - - - ------------------------------------------------------------------------------------------------------------------------- Sales $ (outside only) - - - ------------------------------------------------------------------------------------------------------------------------- Sales $ (inside only) - - - ------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - ------------------------------------------------------------------------------------------------------------------------- Backlog of Asphalt - - - (tons) ------------------------------------------------------------------------------------------------------------------------- Construction ------------------------------------------------------------------------------------------------------------------------- Sales $ (Net of - - - Subcontractors) ------------------------------------------------------------------------------------------------------------------------- Subcontractors Sales $ - - - ------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - ------------------------------------------------------------------------------------------------------------------------- Gross Profit % ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Ready Mix ------------------------------------------------------------------------------------------------------------------------- Volume 2,787 7,138 5,953 77,915 84,518 110,205 ------------------------------------------------------------------------------------------------------------------------- Price/Yard $63.50 69.13 $62.26 $62.08 65.06 $60.95 ------------------------------------------------------------------------------------------------------------------------- Cost/Yard $71.99 61.13 $56.38 $55.73 56.41 $52.52 ------------------------------------------------------------------------------------------------------------------------- Sales $ 176,961 493,444 370,634 4,837,145 5,498,367 6,716,922 ------------------------------------------------------------------------------------------------------------------------- Gross Profit (23,686) 57,082 34,996 494,804 731,126 928,673 ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Block ------------------------------------------------------------------------------------------------------------------------- Volume - - - - - - ------------------------------------------------------------------------------------------------------------------------- Price/Block - - - - - - ------------------------------------------------------------------------------------------------------------------------- Cost/Block - - - - - - ------------------------------------------------------------------------------------------------------------------------- Sales $ - - - - - - ------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - - - - ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Transportation & Other ------------------------------------------------------------------------------------------------------------------------- Sales $ - - - 44,115 - ------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - 32,450 - ------------------------------------------------------------------------------------------------------------------------- Note: Price/Ton and Cost/Ton do not include Unprocessed Bank Run, Pond Dirt, Squeegy, Pond Sand, Cyclone Sand -------------------------------------------------------------------------------------------------------------------------
87
------------------------------------------------------------------------------------------------------------------------- MONROC, INC. ------------------------------------------------------------------------------------------------------------------------- PARK CITY HEBER CITY MONTHLY OPERATING ANALYSIS ------------------------------------------------------------------------------------------------------------------------- For the Periods Ended December 2000 and 1999 ------------------------------------------------------------------------------------------------------------------------- MONTH YEAR-TO-DATE ------------------------------------------------------------------------------------------------------------------------- 2000 1999 Budget 2000 1999 Budget ------------------------------------------------------------------------------------------------------------------------- Aggregates ------------------------------------------------------------------------------------------------------------------------- Volume (outside) 51 - 171 2,050 - ------------------------------------------------------------------------------------------------------------------------- Volume (inside) - - - - - - ------------------------------------------------------------------------------------------------------------------------- Total Volume - 51 - 171 2,050 - ------------------------------------------------------------------------------------------------------------------------- Price/Ton (outside) - 10.61 - 10.23 8.23 - ------------------------------------------------------------------------------------------------------------------------- Price/Ton (inside) - - - - - - ------------------------------------------------------------------------------------------------------------------------- Cost/Ton - - - - - - ------------------------------------------------------------------------------------------------------------------------- Royalty/Ton ------------------------------------------------------------------------------------------------------------------------- Sales $ (outside only) 541 - 1,749 16,864 - ------------------------------------------------------------------------------------------------------------------------- Sales $ (inside only) - - - - - ------------------------------------------------------------------------------------------------------------------------- Gross Profit 541 - 1,749 16,854 - ------------------------------------------------------------------------------------------------------------------------- Inventory Value ($) - - ------------------------------------------------------------------------------------------------------------------------- Volume Produced - - - - - ------------------------------------------------------------------------------------------------------------------------- Production Cost/Ton - - - - - ------------------------------------------------------------------------------------------------------------------------- Inventory Change ($) - - - - - ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Asphalt ------------------------------------------------------------------------------------------------------------------------- Volume (outside) - - - ------------------------------------------------------------------------------------------------------------------------- Volume (inside) - - - - - - ------------------------------------------------------------------------------------------------------------------------- Total Volume - - - - - - ------------------------------------------------------------------------------------------------------------------------- Price/Ton (outside) - - - - - - ------------------------------------------------------------------------------------------------------------------------- Price/Ton (inside) - - - - - - ------------------------------------------------------------------------------------------------------------------------- Cost/Ton - - - - - - ------------------------------------------------------------------------------------------------------------------------- Sales $ (outside only) - - ------------------------------------------------------------------------------------------------------------------------- Sales $ (inside only) - - ------------------------------------------------------------------------------------------------------------------------- Gross Profit - - ------------------------------------------------------------------------------------------------------------------------- Backlog of Asphalt - - - (tons) ------------------------------------------------------------------------------------------------------------------------- Construction ------------------------------------------------------------------------------------------------------------------------- Sales $ (Net of - - - Subcontractors) ------------------------------------------------------------------------------------------------------------------------- Subcontractors Sales $ - - - ------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - ------------------------------------------------------------------------------------------------------------------------- Gross Profit % ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Ready Mix ------------------------------------------------------------------------------------------------------------------------- Volume 6,703 7,229 4,775 112,784 108,830 120,000 ------------------------------------------------------------------------------------------------------------------------- Price/Yard $71.17 73.57 $74.50 $69.61 73.10 $74.00 ------------------------------------------------------------------------------------------------------------------------- Cost/Yard $78.97 78.63 $56.95 $58.93 56.31 $56.39 ------------------------------------------------------------------------------------------------------------------------- Sales $ 477,039 531,829 355,738 7,850,544 7,955,205 8,879,428 ------------------------------------------------------------------------------------------------------------------------- Gross Profit (52,313) (36,568) 83,803 1,204,319 1,826,750 2,112,400 ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Block ------------------------------------------------------------------------------------------------------------------------- Volume - - - - - - ------------------------------------------------------------------------------------------------------------------------- Price/Block - - - - - - ------------------------------------------------------------------------------------------------------------------------- Cost/Block - - - - - - ------------------------------------------------------------------------------------------------------------------------- Sales $ - - - - - - ------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - - - - ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Transportation & Other ------------------------------------------------------------------------------------------------------------------------- Sales $ - - - - - ------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - - - ------------------------------------------------------------------------------------------------------------------------- Note: Price/Ton and Cost/Ton do not include Unprocessed Bank Run, Pond Dirt, Squeegy, Pond Sand, Cyclone Sand -------------------------------------------------------------------------------------------------------------------------
88
MONROC, INC. ------------------------------------------------------------------------------------------------------------------------- BECK STREET MONTHLY OPERATING ANALYSIS ------------------------------------------------------------------------------------------------------------------------- For the Periods Ended December 2000 and 1999 ------------------------------------------------------------------------------------------------------------------------- Detail of Processed and Unprocessed Material ------------------------------------------------------------------------------------------------------------------------- MONTH YEAR-TO-DATE ------------------------------------------------------------------------------------------------------------------------- 2000 1999 Budget 2000 1999 Budget ------------------------------------------------------------------------------------------------------------------------- Aggregate Processed Material ------------------------------------------------------------------------------------------------------------------------- Volume (outside) 12,699 36,246 35,000 557,749 478,500 643,134 ------------------------------------------------------------------------------------------------------------------------- Volume (inside) 5,247 11,421 6,325 130,650 129,551 176,328 ------------------------------------------------------------------------------------------------------------------------- Total Volume 17,946 47,667 41,325 688,399 608,051 819,462 ------------------------------------------------------------------------------------------------------------------------- Price/Ton (outside) 5.91 5.43 6.34 5.24 5.44 6.00 ------------------------------------------------------------------------------------------------------------------------- Price/Ton (inside) 5.25 4.86 5.25 5.33 5.19 5.25 ------------------------------------------------------------------------------------------------------------------------- Cost/Ton (22.06) 2.66 3.53 2.51 2.70 3.02 ------------------------------------------------------------------------------------------------------------------------- Sales $ (outside only) 75,090 196,981 221,865 2,921,014 2,604,520 3,856,339 ------------------------------------------------------------------------------------------------------------------------- Sales $ (inside only) 27,549 55,477 33,205 696,448 672,994 925,722 ------------------------------------------------------------------------------------------------------------------------- Gross Profit 498,469 125,704 109,382 1,892,648 1,635,322 2,304,159 ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Aggregate Unprocessed Materials (Includes Bank Run, Pond Dirt, Squeegy, Pond Sand, Cyclone Sand) ------------------------------------------------------------------------------------------------------------------------- Volume (outside) 798 142 4,500 8,976 98,937 125,000 ------------------------------------------------------------------------------------------------------------------------- Volume (inside) - - - - - - ------------------------------------------------------------------------------------------------------------------------- Total Volume 798 142 4,500 8,976 98,937 125,000 ------------------------------------------------------------------------------------------------------------------------- Price/Ton (outside) 1.07 0.75 0.71 1.68 0.73 1.13 ------------------------------------------------------------------------------------------------------------------------- Price/Ton (inside) - - - - - - ------------------------------------------------------------------------------------------------------------------------- Cost/Ton 0.19 0.19 0.15 0.22 0.23 0.15 ------------------------------------------------------------------------------------------------------------------------- Sales $ (outside only) 854 107 3,195 15,068 72,427 140,821 ------------------------------------------------------------------------------------------------------------------------- Sales $ (inside only) - - - ------------------------------------------------------------------------------------------------------------------------- Gross Profit 702 80 2,520 13,111 49,433 122,072 -------------------------------------------------------------------------------------------------------------------------
89
------------------------------------------------------------------------------------------------------------------------- MONROC, INC. ------------------------------------------------------------------------------------------------------------------------- POINT OF THE MOUNTAIN MONTHLY OPERATING ANALYSIS ------------------------------------------------------------------------------------------------------------------------- For the Periods Ended December 2000 and 1999 ------------------------------------------------------------------------------------------------------------------------- MONTH YEAR-TO-DATE ------------------------------------------------------------------------------------------------------------------------- 2000 1999 Budget 2000 1999 Budget ------------------------------------------------------------------------------------------------------------------------- Aggregates ------------------------------------------------------------------------------------------------------------------------- Volume (outside) 47,984 56,019 66,255 1,366,346 2,436,356 2,000,000 ------------------------------------------------------------------------------------------------------------------------- Volume (inside) 14,827 16,200 17,192 300,291 302,730 453,697 ------------------------------------------------------------------------------------------------------------------------- Total Volume 62,811 72,219 83,447 1,666,537 2,739,086 2,453,697 ------------------------------------------------------------------------------------------------------------------------- Price/Ton (outside) 4.38 9.00 5.21 4.57 4.54 5.10 ------------------------------------------------------------------------------------------------------------------------- Price/Ton (inside) 5.39 3.61 5.25 5.50 5.69 5.25 ------------------------------------------------------------------------------------------------------------------------- Cost/Ton 1.37 3.58 0.68 2.06 1.87 2.08 ------------------------------------------------------------------------------------------------------------------------- Royalty/Ton - - - - - - ------------------------------------------------------------------------------------------------------------------------- Sales $ (outside only) 209,373 457,699 276,725 5,973,545 5,012,452 8,152,194 ------------------------------------------------------------------------------------------------------------------------- Sales $ (inside only) 79,952 58,450 90,258 1,650,328 1,723,843 2,381,903 ------------------------------------------------------------------------------------------------------------------------- Gross Profit 203,594 276,915 318,817 4,336,842 4,517,656 6,390,684 ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Inventory Value ($) 332,230 543,745 840,664 ------------------------------------------------------------------------------------------------------------------------- Volume Produced 67,675 87,634 73,592 1,678,065 1,242,581 1,949,460 ------------------------------------------------------------------------------------------------------------------------- Production Cost/Ton 4.29 2.97 2.50 2.27 4.99 2.30 ------------------------------------------------------------------------------------------------------------------------- Inventory Change ($) (91,142) (70,354) 67,787 (211,513) (108,059) 296,919 ------------------------------------------------------------------------------------------------------------------------- Asphalt ------------------------------------------------------------------------------------------------------------------------- Volume (outside) - - - ------------------------------------------------------------------------------------------------------------------------- Volume (inside) - - - - - - ------------------------------------------------------------------------------------------------------------------------- Total Volume - - - - - - ------------------------------------------------------------------------------------------------------------------------- Price/Ton (outside) - - - - - - ------------------------------------------------------------------------------------------------------------------------- Price/Ton (inside) - - - - - - ------------------------------------------------------------------------------------------------------------------------- Cost/Ton - - - - - - ------------------------------------------------------------------------------------------------------------------------- Sales $ (outside only) - - - ------------------------------------------------------------------------------------------------------------------------- Sales $ (inside only) - - - ------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - ------------------------------------------------------------------------------------------------------------------------- Backlog of Asphalt - - - (tons) ------------------------------------------------------------------------------------------------------------------------- Construction ------------------------------------------------------------------------------------------------------------------------- Sales $ (Net of - - - Subcontractors) ------------------------------------------------------------------------------------------------------------------------- Subcontractors Sales $ - - - ------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - ------------------------------------------------------------------------------------------------------------------------- Gross Profit % - - - ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Ready Mix ------------------------------------------------------------------------------------------------------------------------- Volume 4,472 2,896 9,970 71,819 69,620 138,560 ------------------------------------------------------------------------------------------------------------------------- Price/Yard $61.23 64.89 $58.43 $58.39 60.62 $56.33 ------------------------------------------------------------------------------------------------------------------------- Cost/Yard $58.71 60.50 $52.80 $53.89 53.05 $51.29 ------------------------------------------------------------------------------------------------------------------------- Sales $ 273,808 187,931 582,594 4,193,358 4,220,636 7,804,445 ------------------------------------------------------------------------------------------------------------------------- Gross Profit 11,235 12,728 56,216 323,026 527,031 697,912 ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Block ------------------------------------------------------------------------------------------------------------------------- Volume - - - - - - ------------------------------------------------------------------------------------------------------------------------- Price/Block - - - - - - ------------------------------------------------------------------------------------------------------------------------- Cost/Block - - - - - - ------------------------------------------------------------------------------------------------------------------------- Sales $ - - - - - - ------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - - - - ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Transportation & Other ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Sales $ - - - - - ------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - - - ------------------------------------------------------------------------------------------------------------------------- Note: Price/Ton and Cost/Ton do not include Unprocessed Bank Run, Pond Dirt, Squeegy, Pond Sand, Cyclone Sand ------------------------------------------------------------------------------------------------------------------------
90
-------------------------------------------------------------------------------------------------------------------------- MONROC, INC. -------------------------------------------------------------------------------------------------------------------------- POINT OF THE MOUNTAIN MONTHLY OPERATING ANALYSIS -------------------------------------------------------------------------------------------------------------------------- For the Periods Ended December 2000 and 1999 -------------------------------------------------------------------------------------------------------------------------- Detail of Processed and Unprocessed Material -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- MONTH YEAR-TO-DATE -------------------------------------------------------------------------------------------------------------------------- 2000 1999 Budget 2000 1999 Budget -------------------------------------------------------------------------------------------------------------------------- Aggregate Processed Material -------------------------------------------------------------------------------------------------------------------------- Volume (outside) 47,704 50,402 50,000 1,290,937 833,494 1,500,000 -------------------------------------------------------------------------------------------------------------------------- Volume (inside) 14,827 16,200 17,192 300,291 302,730 453,697 -------------------------------------------------------------------------------------------------------------------------- Total Volume 62,531 66,602 67,192 1,591,228 1,136,224 1,953,697 -------------------------------------------------------------------------------------------------------------------------- Price/Ton (outside) 4.38 9.00 5.21 4.57 4.64 5.10 -------------------------------------------------------------------------------------------------------------------------- Price/Ton (inside) 5.39 3.61 5.25 5.50 5.69 5.25 -------------------------------------------------------------------------------------------------------------------------- Cost/Ton 1.37 3.58 0.68 2.06 1.87 2.08 -------------------------------------------------------------------------------------------------------------------------- Sales $ (outside only) 208,869 453,486 260,470 5,904,374 3,870,784 7,652,194 -------------------------------------------------------------------------------------------------------------------------- Sales $ (inside only) 79,952 56,450 90,258 1,650,328 1,723,843 2,381,903 -------------------------------------------------------------------------------------------------------------------------- Gross Profit 203,143 273,769 305,000 4,278,867 3,473,396 5,965,685 -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Aggregate Unprocessed Materials (Includes Bank Run, Pond Dirt, Squeegy, Pond Sand, Cyclone Sand) -------------------------------------------------------------------------------------------------------------------------- Volume (outside) 280 5,617 16,255 75,409 1,602,862 500,000 -------------------------------------------------------------------------------------------------------------------------- Volume (inside) - - - - - - -------------------------------------------------------------------------------------------------------------------------- Total Volume 280 5,617 16,255 75,409 1,602,862 500,000 -------------------------------------------------------------------------------------------------------------------------- Price/Ton (outside) 1.80 0.75 1.00 0.92 0.71 1.00 -------------------------------------------------------------------------------------------------------------------------- Price/Ton (inside) - - - - - - -------------------------------------------------------------------------------------------------------------------------- Cost/Ton 0.19 0.19 0.15 0.16 0.06 0.15 -------------------------------------------------------------------------------------------------------------------------- Sales $ (outside only) 504 4,213 16,255 69,171 1,141,668 500,000 -------------------------------------------------------------------------------------------------------------------------- Sales $ (inside only) - - - -------------------------------------------------------------------------------------------------------------------------- Gross Profit 451 3,146 13,817 56,975 1,044,260 425,000 --------------------------------------------------------------------------------------------------------------------------
91
-------------------------------------------------------------------------------------------------------------------------- MONROC, INC. -------------------------------------------------------------------------------------------------------------------------- AUDITED PARK CITY HEBER CITY MONTHLY OPERATING ANALYSIS -------------------------------------------------------------------------------------------------------------------------- For the Periods Ended Dec 1999 and 1998 -------------------------------------------------------------------------------------------------------------------------- Versus 1998 pro-forma -------------------------------------------------------------------------------------------------------------------------- MONTH YEAR-TO-DATE -------------------------------------------------------------------------------------------------------------------------- 1999 1998 Forecast 1999 1998 Forecast -------------------------------------------------------------------------------------------------------------------------- Aggregates -------------------------------------------------------------------------------------------------------------------------- Volume (outside) 51 132 260 2,050 1,479 1,965 ------------------------------------------------------------------------------------------------------------------------- Volume (inside) - - - ------------------------------------------------------------------------------------------------------------------------- Price/Ton (outside) 10.61 13.50 15.00 8.23 15.50 15.57 ------------------------------------------------------------------------------------------------------------------------- Price/Ton (inside) - - - - - - ------------------------------------------------------------------------------------------------------------------------- Cost/Ton - 13.50 2.73 - 26 1.70 ------------------------------------------------------------------------------------------------------------------------- Royalty/Ton ------------------------------------------------------------------------------------------------------------------------- Sales $ (outside only) 541 1,782 3,900 16,864 22,927 30,589 ------------------------------------------------------------------------------------------------------------------------- Sales $ (inside only) - - - ------------------------------------------------------------------------------------------------------------------------- Gross Profit 541 3,347 16,864 19,153 27,250 ------------------------------------------------------------------------------------------------------------------------- Inventory Value ($) ------------------------------------------------------------------------------------------------------------------------- Volume Produced - - - ------------------------------------------------------------------------------------------------------------------------- Production Cost/Ton ------------------------------------------------------------------------------------------------------------------------- Inventory Change ($) - 15,031 - ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Asphalt ------------------------------------------------------------------------------------------------------------------------- Volume (outside) - - - ------------------------------------------------------------------------------------------------------------------------- Volume (inside) - - - - - - -------------------------------------------------------------------------------------------------------------------------- Price/Ton (outside) - - - - - - ------------------------------------------------------------------------------------------------------------------------- Price/Ton (inside) - - - - - - ------------------------------------------------------------------------------------------------------------------------- Cost/Ton - - - - - - ------------------------------------------------------------------------------------------------------------------------- Sales $ (outside only) - - - - - - ------------------------------------------------------------------------------------------------------------------------- Sales $ (inside only) - - - - - - ------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - - - - ------------------------------------------------------------------------------------------------------------------------- Backlog of Asphalt - - - (tons) ------------------------------------------------------------------------------------------------------------------------- Construction ------------------------------------------------------------------------------------------------------------------------- Sales $ (Net of - - - Subcontractors) ------------------------------------------------------------------------------------------------------------------------- Subcontractors Sales $ - - - ------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - ------------------------------------------------------------------------------------------------------------------------- Gross Profit % ------------------------------------------------------------------------------------------------------------------------- Ready Mix ------------------------------------------------------------------------------------------------------------------------- Volume 7,229 5,393 5,000 108,830 73,594 132,873 ------------------------------------------------------------------------------------------------------------------------- Price/Yard $73.57 77.56 $73.92 $73.10 74.18 $73.85 ------------------------------------------------------------------------------------------------------------------------- Cost/Yard $78.63 64.31 $53.50 $56.31 57.94 $54.51 ------------------------------------------------------------------------------------------------------------------------- Sales $ 531,829 418,259 369,610 7,955,205 5,459,151 9,812,205 ------------------------------------------------------------------------------------------------------------------------- Gross Profit (36,568) 71,455 102,091 1,826,750 1,195,466 2,569,061 ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Block ------------------------------------------------------------------------------------------------------------------------- Volume - - - - - - -------------------------------------------------------------------------------------------------------------------------- Price/Block - - - - - - ------------------------------------------------------------------------------------------------------------------------- Cost/Block - - - - - - ------------------------------------------------------------------------------------------------------------------------- Sales $ - - - - - - -------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - - - - ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Transportation & Other -------------------------------------------------------------------------------------------------------------------------- Sales $ - - - -------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- ---- Note: Price/Ton and Cost/Ton do not include Unprocessed Bank Run, Pond Dirt, Squeegy, Pond Sand, Cyclone Sand ------------------------------------------------------------------------------------------------------------------- ----
92
-------------------------------------------------------------------------------------------------------------------------- MONROC, INC. -------------------------------------------------------------------------------------------------------------------------- AUDITED POINT OF THE MOUNTAIN MONTHLY OPERATING ANALYSIS -------------------------------------------------------------------------------------------------------------------------- For the Periods Ended Dec 1999 and 1998 -------------------------------------------------------------------------------------------------------------------------- Versus 1998 pro-forma -------------------------------------------------------------------------------------------------------------------------- MONTH YEAR-TO-DATE -------------------------------------------------------------------------------------------------------------------------- 1999 1998 Forecast 1999 1998 Forecast -------------------------------------------------------------------------------------------------------------------------- Aggregates -------------------------------------------------------------------------------------------------------------------------- Volume (outside) 56,019 243,461 233,600 2,436,356 7,392,396 4,104,381 -------------------------------------------------------------------------------------------------------------------------- Volume (inside) 15,200 31,460 11,920 302,730 297,987 355,550 -------------------------------------------------------------------------------------------------------------------------- Price/Ton (outside) 9.00 (6.50) 4.66 4.64 3.88 4.71 -------------------------------------------------------------------------------------------------------------------------- Price/Ton (inside) 3.61 7.19 5.29 5.69 4.47 5.25 -------------------------------------------------------------------------------------------------------------------------- Cost/Ton 3.58 13.42 1.85 1.87 2.40 1.77 -------------------------------------------------------------------------------------------------------------------------- Royalty/Ton - - - - - - -------------------------------------------------------------------------------------------------------------------------- Sales $ (outside only) 457,599 17,591 433,220 5,012,452 6,932,839 6,800,552 -------------------------------------------------------------------------------------------------------------------------- Sales $ (inside only) 58,450 226,205 53,000 1,723,843 1,332,741 1,867,830 -------------------------------------------------------------------------------------------------------------------------- Gross Profit 275,915 (450,436) 337,747 4,517,656 5,063,598 6,137,629 -------------------------------------------------------------------------------------------------------------------------- Inventory Value ($) 543,745 651,805 1,187,974 -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Volume Produced 87,634 67,473 57,520 1,242,581 1,048,443 1,479,622 -------------------------------------------------------------------------------------------------------------------------- Production Cost/Ton 2.97 - - 2.20 - - -------------------------------------------------------------------------------------------------------------------------- Inventory Change ($) (70,354) 92,206 (22,758) (108,059) 469,704 536,169 -------------------------------------------------------------------------------------------------------------------------- Asphalt -------------------------------------------------------------------------------------------------------------------------- Volume (outside) - - - -------------------------------------------------------------------------------------------------------------------------- Volume (inside) - - - - - - -------------------------------------------------------------------------------------------------------------------------- Price/Ton (outside) - - - - - - -------------------------------------------------------------------------------------------------------------------------- Price/Ton (inside) - - - - - - -------------------------------------------------------------------------------------------------------------------------- Cost/Ton - - - - - - -------------------------------------------------------------------------------------------------------------------------- Sales $ (outside only) - - - -------------------------------------------------------------------------------------------------------------------------- Sales $ (inside only) - - - -------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Backlog of Asphalt - - - (tons) -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Construction -------------------------------------------------------------------------------------------------------------------------- Sales $ (Net of - - - Subcontractors) -------------------------------------------------------------------------------------------------------------------------- Subcontractors Sales $ - - - -------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - -------------------------------------------------------------------------------------------------------------------------- Gross Profit % -------------------------------------------------------------------------------------------------------------------------- Ready Mix -------------------------------------------------------------------------------------------------------------------------- Volume 2,896 2,807 3,500 69,620 53,978 128,112 -------------------------------------------------------------------------------------------------------------------------- Price/Yard $64.89 58.05 $59.00 $60.62 57.63 $58.90 -------------------------------------------------------------------------------------------------------------------------- Cost/Yard $60.50 73.94 $49.14 $53.05 55.21 $49.40 -------------------------------------------------------------------------------------------------------------------------- Sales $ 187,931 162,940 206,500 4,220,636 3,110,810 7,545,603 -------------------------------------------------------------------------------------------------------------------------- Gross Profit 12,728 (44,605) 34,494 527,031 130,578 1,217,083 -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Block -------------------------------------------------------------------------------------------------------------------------- Volume - - - - - - -------------------------------------------------------------------------------------------------------------------------- Price/Block - - - - - - -------------------------------------------------------------------------------------------------------------------------- Cost/Block - - - - - - -------------------------------------------------------------------------------------------------------------------------- Sales $ - - - - - - -------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - - - - -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Transportation & Other -------------------------------------------------------------------------------------------------------------------------- Sales $ - 558,314 - -------------------------------------------------------------------------------------------------------------------------- Gross Profit - 22,111 - -------------------------------------------------------------------------------------------------------------------------- Note: Price/Ton and Cost/Ton do not include Unprocessed Bank Run, Pond Dirt, Squeegy, Pond Sand, Cyclone Sand --------------------------------------------------------------------------------------------------------------------------
93
-------------------------------------------------------------------------------------------------------------------------- MONROC, INC. -------------------------------------------------------------------------------------------------------------------------- AUDITED BECK STREET MONTHLY OPERATING ANALYSIS -------------------------------------------------------------------------------------------------------------------------- For the Periods Ended Dec 1999 and 1998 -------------------------------------------------------------------------------------------------------------------------- Versus 1998 pro-forma -------------------------------------------------------------------------------------------------------------------------- MONTH YEAR-TO-DATE -------------------------------------------------------------------------------------------------------------------------- 1999 1998 Forecast 1999 1998 Forecast -------------------------------------------------------------------------------------------------------------------------- Aggregates -------------------------------------------------------------------------------------------------------------------------- Volume (outside) 36,388 18,132 35,000 577,437 560,459 714,888 -------------------------------------------------------------------------------------------------------------------------- Volume (inside) 11,421 4,343 5,200 129,551 24,482 143,708 -------------------------------------------------------------------------------------------------------------------------- Price/Ton (outside) 5.43 9.54 4.08 5.44 5.22 5.42 -------------------------------------------------------------------------------------------------------------------------- Price/Ton (inside) 4.86 4.75 5.25 5.19 4.75 5.25 -------------------------------------------------------------------------------------------------------------------------- Cost/Ton 2.66 19.83 3.04 2.70 5.01 2.83 -------------------------------------------------------------------------------------------------------------------------- Royalty/Ton - - - - - - -------------------------------------------------------------------------------------------------------------------------- Sales $ (outside only) 197,087 125,432 125,500 2,676,946 1,279,877 3,392,178 -------------------------------------------------------------------------------------------------------------------------- Sales $ (inside only) 55,477 20,627 27,300 672,994 116,284 754,467 -------------------------------------------------------------------------------------------------------------------------- Gross Profit 125,784 (189,592) 45,732 1,684,755 215,802 1,992,172 -------------------------------------------------------------------------------------------------------------------------- Inventory Value ($) 623,004 363,577 272,005 -------------------------------------------------------------------------------------------------------------------------- Volume Produced 81,068 22,161 45,200 633,262 210,978 746,921 -------------------------------------------------------------------------------------------------------------------------- Production Cost/Ton 2.18 - - 2.79 - - -------------------------------------------------------------------------------------------------------------------------- Inventory Change ($) 141,610 98,537 26,272 259,427 247,287 (91,571) -------------------------------------------------------------------------------------------------------------------------- Asphalt -------------------------------------------------------------------------------------------------------------------------- Volume (outside) - - - -------------------------------------------------------------------------------------------------------------------------- Volume (inside) - - - - - - -------------------------------------------------------------------------------------------------------------------------- Price/Ton (outside) - - - - - - -------------------------------------------------------------------------------------------------------------------------- Price/Ton (inside) - - - - - - -------------------------------------------------------------------------------------------------------------------------- Cost/Ton - - - - - - -------------------------------------------------------------------------------------------------------------------------- Sales $ (outside only) - - - -------------------------------------------------------------------------------------------------------------------------- Sales $ (inside only) - - - -------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - -------------------------------------------------------------------------------------------------------------------------- Backlog of Asphalt - - - (tons) -------------------------------------------------------------------------------------------------------------------------- Construction ------------------------------------------------------------------------------------------------------------------------- Sales $ (Net of - - - Subcontractors) -------------------------------------------------------------------------------------------------------------------------- Subcontractors Sales $ - - - -------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - -------------------------------------------------------------------------------------------------------------------------- Gross Profit % -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Ready Mix -------------------------------------------------------------------------------------------------------------------------- Volume 7,138 6,355 3,500 84,518 87,705 98,588 -------------------------------------------------------------------------------------------------------------------------- Price/Yard $69.13 60.93 $60.00 $65.06 58.46 $60.86 -------------------------------------------------------------------------------------------------------------------------- Cost/Yard $61.13 48.26 $51.22 $56.41 50.31 $52.24 -------------------------------------------------------------------------------------------------------------------------- Sales $ 493,444 387,185 210,000 5,498,367 5,126,955 6,000,475 -------------------------------------------------------------------------------------------------------------------------- Gross Profit 57,082 80,506 30,740 731,126 714,335 850,467 -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Block -------------------------------------------------------------------------------------------------------------------------- Volume - - - - - - -------------------------------------------------------------------------------------------------------------------------- Price/Block - - - - - - -------------------------------------------------------------------------------------------------------------------------- Cost/Block - - - - - - -------------------------------------------------------------------------------------------------------------------------- Sales $ - - - - - - -------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - - - - -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Transportation & Other -------------------------------------------------------------------------------------------------------------------------- Sales $ - 13,905 3,000 44,115 94,948 42,169 -------------------------------------------------------------------------------------------------------------------------- Gross Profit 4,192 1,870 32,450 30,475 24,933 -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Note: Price/Ton and Cost/Ton do not include Unprocessed Bank Run, Pond Dirt, Squeegy, Pond Sand, Cyclone Sand --------------------------------------------------------------------------------------------------------------------------
94
-------------------------------------------------------------------------------------------------------------------------- GEODYNE BECK ROCK PRODUCTS, INC. -------------------------------------------------------------------------------------------------------------------------- AUDITED MONTHLY OPERATING ANALYSIS -------------------------------------------------------------------------------------------------------------------------- For the Periods Ended DecEMBER 1999 and 1998 -------------------------------------------------------------------------------------------------------------------------- MONTH YEAR-TO-DATE -------------------------------------------------------------------------------------------------------------------------- 1999 1998 Forecast 1999 1998 Forecast -------------------------------------------------------------------------------------------------------------------------- Aggregates -------------------------------------------------------------------------------------------------------------------------- Volume (outside) 19,258 38,383 15,000 457,139 475,487 449,145 -------------------------------------------------------------------------------------------------------------------------- Volume (inside) 13,813 - 30,000 455,521 - 440,286 -------------------------------------------------------------------------------------------------------------------------- Price/Ton (outside) 3.77 3.96 4.35 4.16 3.81 4.09 -------------------------------------------------------------------------------------------------------------------------- Price/Ton (inside) 2.83 #DIV/0! 2.65 2.99 #DIV/0! 2.80 -------------------------------------------------------------------------------------------------------------------------- Cost/Ton 2.83 1.22 2.65 2.59 2.25 2.59 -------------------------------------------------------------------------------------------------------------------------- Royalty/Ton - - - - - - -------------------------------------------------------------------------------------------------------------------------- Sales $ (outside only) 72,657 152,024 65,250 1,547,611 1,962,305 1,744,144 -------------------------------------------------------------------------------------------------------------------------- Sales $ (inside only) 39,058 - 79,500 1,361,860 - 1,231,216 -------------------------------------------------------------------------------------------------------------------------- Gross Profit 18,032 105,064 25,650 849,275 843,182 752,091 -------------------------------------------------------------------------------------------------------------------------- Inventory Value ($) 456,386 551,360 247,869 -------------------------------------------------------------------------------------------------------------------------- Volume Produced 79,966 39,910 80,000 680,869 620,396 781,803 -------------------------------------------------------------------------------------------------------------------------- Production Cost/Ton 2.30 3.72 2.16 2.40 2.63 2.75 -------------------------------------------------------------------------------------------------------------------------- Inventory Change ($) 185,268 58,250 92,633 (95,473) 418,131 303,991 -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Asphalt -------------------------------------------------------------------------------------------------------------------------- Volume (outside) 2,024 7,288 1,000 65,723 231,655 89,144 -------------------------------------------------------------------------------------------------------------------------- Volume (inside) 1,574 - 4,000 294,711 - 332,185 -------------------------------------------------------------------------------------------------------------------------- Price/Ton (outside) 16.57 14.14 17.00 17.36 15.78 17.57 -------------------------------------------------------------------------------------------------------------------------- Price/Ton (inside) 11.46 #DIV/0! 10.66 11.32 #DIV/0! 10.91 -------------------------------------------------------------------------------------------------------------------------- Cost/Ton 11.46 6.77 10.66 11.36 10.76 10.98 -------------------------------------------------------------------------------------------------------------------------- Sales $ (outside only) 33,538 103,055 17,000 1,140,991 3,656,535 1,565,974 -------------------------------------------------------------------------------------------------------------------------- Sales $ (inside only) 18,038 - 42,640 3,337,440 - 3,625,124 -------------------------------------------------------------------------------------------------------------------------- Gross Profit 10,327 53,696 6,350 384,678 1,163,472 563,844 -------------------------------------------------------------------------------------------------------------------------- Backlog of Asphalt 175,332 113,148 - (tons) -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Construction -------------------------------------------------------------------------------------------------------------------------- Sales $ (Net of 67,385 135,955 186,160 8,132,860 5,277,227 7,107,811 Subcontractors) -------------------------------------------------------------------------------------------------------------------------- Subcontractors Sales $ 162,342 14,117 122,140 4,235,441 455,114 4,888,440 -------------------------------------------------------------------------------------------------------------------------- Gross Profit 67,033 (18,534) 133,600 3,733,923 848,392 4,121,402 -------------------------------------------------------------------------------------------------------------------------- Gross Profit % 29.2% -12.4% 43.3% 30.2% 14.8% 34.4% -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Ready Mix -------------------------------------------------------------------------------------------------------------------------- Volume -------------------------------------------------------------------------------------------------------------------------- Price/Yard -------------------------------------------------------------------------------------------------------------------------- Cost/Yard -------------------------------------------------------------------------------------------------------------------------- Sales $ -------------------------------------------------------------------------------------------------------------------------- Gross Profit -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Block -------------------------------------------------------------------------------------------------------------------------- Volume -------------------------------------------------------------------------------------------------------------------------- Price/Block -------------------------------------------------------------------------------------------------------------------------- Cost/Block -------------------------------------------------------------------------------------------------------------------------- Sales $ -------------------------------------------------------------------------------------------------------------------------- Gross Profit -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Transportation & Other -------------------------------------------------------------------------------------------------------------------------- Sales $ 67,809 190,548 75,000 4,026,918 3,334,595 3,664,310 -------------------------------------------------------------------------------------------------------------------------- Gross Profit 23,913 96,537 26,250 1,358,431 1,267,788 1,379,435 -------------------------------------------------------------------------------------------------------------------------- Note: Price/Ton and Cost/Ton do not include Unprocessed Bank Run --------------------------------------------------------------------------------------------------------------------------
95
-------------------------------------------------------------------------------------------------------------------------- MONROC, INC. -------------------------------------------------------------------------------------------------------------------------- AUDITED BACCHUS #2 MONTHLY OPERATING ANALYSIS -------------------------------------------------------------------------------------------------------------------------- For the Periods Ended Dec 1999 and 1998 -------------------------------------------------------------------------------------------------------------------------- Versus 1998 pro-forma -------------------------------------------------------------------------------------------------------------------------- MONTH YEAR-TO-DATE -------------------------------------------------------------------------------------------------------------------------- 1999 1998 Forecast 1999 1998 Forecast -------------------------------------------------------------------------------------------------------------------------- Aggregates -------------------------------------------------------------------------------------------------------------------------- Volume (outside) 12,500 3,726 - 260,000 -------------------------------------------------------------------------------------------------------------------------- Volume (inside) 5,600 6,562 - 36,800 -------------------------------------------------------------------------------------------------------------------------- Price/Ton (outside) - - 5.10 3.39 - 5.07 -------------------------------------------------------------------------------------------------------------------------- Price/Ton (inside) - - 5.25 5.25 - 5.25 -------------------------------------------------------------------------------------------------------------------------- Cost/Ton - - 3.23 2.62 - 3.24 -------------------------------------------------------------------------------------------------------------------------- Royalty/Ton 0.28 - - 0.28 - - -------------------------------------------------------------------------------------------------------------------------- Sales $ (outside only) 63,750 12,616 - 1,317,900 -------------------------------------------------------------------------------------------------------------------------- Sales $ (inside only) 29,400 34,450 - 193,200 -------------------------------------------------------------------------------------------------------------------------- Gross Profit 3,386 34,625 20,074 - 548,780 -------------------------------------------------------------------------------------------------------------------------- Inventory Value ($) 325,040 358,376 963,602 -------------------------------------------------------------------------------------------------------------------------- Volume Produced 38,100 18,581 188,806 397,000 -------------------------------------------------------------------------------------------------------------------------- Production Cost/Ton - - - 4.60 - -------------------------------------------------------------------------------------------------------------------------- Inventory Change ($) - - 91,208 (33,336) 358,376 605,226 -------------------------------------------------------------------------------------------------------------------------- Asphalt -------------------------------------------------------------------------------------------------------------------------- Volume (outside) - - - -------------------------------------------------------------------------------------------------------------------------- Volume (inside) - - - - - - -------------------------------------------------------------------------------------------------------------------------- Price/Ton (outside) - - - - - - -------------------------------------------------------------------------------------------------------------------------- Price/Ton (inside) - - - - - - -------------------------------------------------------------------------------------------------------------------------- Cost/Ton - - - - - - -------------------------------------------------------------------------------------------------------------------------- Sales $ (outside only) - - - -------------------------------------------------------------------------------------------------------------------------- Sales $ (inside only) - - - -------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - -------------------------------------------------------------------------------------------------------------------------- Backlog of Asphalt - - - (tons) -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Construction -------------------------------------------------------------------------------------------------------------------------- Sales $ (Net of - - - Subcontractors) -------------------------------------------------------------------------------------------------------------------------- Subcontractors Sales $ - - - -------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - -------------------------------------------------------------------------------------------------------------------------- Gross Profit % -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Ready Mix -------------------------------------------------------------------------------------------------------------------------- Volume 3,500 5,263 - 28,020 -------------------------------------------------------------------------------------------------------------------------- Price/Yard - - 61.00 57.95 61.20 -------------------------------------------------------------------------------------------------------------------------- Cost/Yard - - 47.26 61.55 - 46.36 -------------------------------------------------------------------------------------------------------------------------- Sales $ - 213,500 304,984 - 1,714,824 -------------------------------------------------------------------------------------------------------------------------- Gross Profit (16,987) 48,100 (18,956) - 415,947 -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Block -------------------------------------------------------------------------------------------------------------------------- Volume - - - - - - -------------------------------------------------------------------------------------------------------------------------- Price/Block - - - - - - -------------------------------------------------------------------------------------------------------------------------- Cost/Block - - - - - - -------------------------------------------------------------------------------------------------------------------------- Sales $ - - - - - - -------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - - - - -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Transportation & Other -------------------------------------------------------------------------------------------------------------------------- Sales $ - - - -------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - ------------------------------------------------------------------------------------------------------------ ----------- Note: Price/Ton and Cost/Ton do not include Unprocessed Bank Run, Pond Dirt, Squeegy, Pond Sand, Cyclone Sand --------------------------------------------------------------------------------------------------------------------------
96
-------------------------------------------------------------------------------------------------------------------------- VALLEY ASPHALT, INC. -------------------------------------------------------------------------------------------------------------------------- AUDITED LELAND MONTHLY OPERATING ANALYSIS -------------------------------------------------------------------------------------------------------------------------- For the Periods Ended Dec 1999 and 1998 -------------------------------------------------------------------------------------------------------------------------- Versus 1998 pro-forma -------------------------------------------------------------------------------------------------------------------------- MONTH YEAR-TO-DATE -------------------------------------------------------------------------------------------------------------------------- 1999 1998 Forecast 1999 1998 Forecast -------------------------------------------------------------------------------------------------------------------------- Aggregates -------------------------------------------------------------------------------------------------------------------------- Volume (outside) 2,599 12,952 1,000 73,892 66,188 67,106 -------------------------------------------------------------------------------------------------------------------------- Volume (inside) 10,619 2,524 6,000 521,717 484,423 478,321 -------------------------------------------------------------------------------------------------------------------------- Price/Ton (outside) 7.62 4.06 4.18 4.52 4.93 3.81 -------------------------------------------------------------------------------------------------------------------------- Price/Ton (inside) 5.89 4.02 4.18 4.54 4.38 4.39 -------------------------------------------------------------------------------------------------------------------------- Cost/Ton 5.89 (16.98) 3.96 4.45 3.86 4.12 -------------------------------------------------------------------------------------------------------------------------- Royalty/Ton $- - $- - $- $- -------------------------------------------------------------------------------------------------------------------------- Sales $ (outside only) 18,339 52,256 3,586 334,339 316,229 268,332 -------------------------------------------------------------------------------------------------------------------------- Sales $ (inside only) 62,568 2,334 25,078 2,314,366 2,060,553 2,045,345 -------------------------------------------------------------------------------------------------------------------------- Gross Profit 4,020 268,927 1,842 42,676 311,719 103,027 -------------------------------------------------------------------------------------------------------------------------- Inventory Value ($) 1,580,180 1,091,843 1,002,757 -------------------------------------------------------------------------------------------------------------------------- Volume Produced - 11,128 68,588 219,220 427,472 237,717 -------------------------------------------------------------------------------------------------------------------------- Production Cost/Ton 5.90 7.92 5.90 5.90 7.92 5.90 -------------------------------------------------------------------------------------------------------------------------- Inventory Change ($) 26,737 250,816 254,861 297,252 564,606 -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Asphalt -------------------------------------------------------------------------------------------------------------------------- Volume (outside) 1,337 663 500 24,466 30,842 36,341 -------------------------------------------------------------------------------------------------------------------------- Volume (inside) 1,988 7,323 4,217 334,745 324,870 336,865 -------------------------------------------------------------------------------------------------------------------------- Price/Ton (outside) 25.01 24.81 24.94 26.60 24.89 26.16 -------------------------------------------------------------------------------------------------------------------------- Price/Ton (inside) 12.65 14.36 12.65 13.13 12.38 13.25 -------------------------------------------------------------------------------------------------------------------------- Cost/Ton 12.65 17.38 12.65 13.15 12.67 13.24 -------------------------------------------------------------------------------------------------------------------------- Sales $ (outside only) 33,445 16,446 12,470 650,786 767,593 689,106 -------------------------------------------------------------------------------------------------------------------------- Sales $ (inside only) 25,140 105,188 53,345 4,396,340 4,022,956 4,463,904 -------------------------------------------------------------------------------------------------------------------------- Gross Profit 16,527 (17,142) 6,145 323,793 282,511 344,673 -------------------------------------------------------------------------------------------------------------------------- Backlog of Asphalt 178,942 123,400 68,537 (tons) -------------------------------------------------------------------------------------------------------------------------- Construction -------------------------------------------------------------------------------------------------------------------------- Sales $ (Net of 79,804 713,440 140,581 11,844,014 -11,756,645 11,755,297 Subcontractors) -------------------------------------------------------------------------------------------------------------------------- Subcontractors Sales $ 85,612 10,099 - 2,629,921 684,615 1,211,699 -------------------------------------------------------------------------------------------------------------------------- Gross Profit 47,054 (68,917) 37,062 3,639,263 2,617,745 3,438,200 -------------------------------------------------------------------------------------------------------------------------- Gross Profit % 28.4% -9.5% 26.4% 25.1% 21.0% 26.5% -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Ready Mix -------------------------------------------------------------------------------------------------------------------------- Volume 4,978 6,191 3,000 102,731 83,266 90,759 -------------------------------------------------------------------------------------------------------------------------- Price/Yard $57.93 $63.16 61.00 $60.64 $59.63 60.27 -------------------------------------------------------------------------------------------------------------------------- Cost/Yard $50.72 $43.81 47.50 $46,18 $46.71 46.56 ------------------------------------------------------------------------------------------------------------------------- Sales $ 288,385 391,029 183,000 6,229,509 4,964,944 5,470,078 -------------------------------------------------------------------------------------------------------------------------- Gross Profit 35,919 119,809 40,500 1,485,055 1,075,978 1,244,019 -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Block -------------------------------------------------------------------------------------------------------------------------- Volume - - - - - - -------------------------------------------------------------------------------------------------------------------------- Price/Block #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! -------------------------------------------------------------------------------------------------------------------------- Cost/Block #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! -------------------------------------------------------------------------------------------------------------------------- Sales $ - - - - - - -------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - - - - -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Transportation & Other -------------------------------------------------------------------------------------------------------------------------- Sales $ - - - - - - -------------------------------------------------------------------------------------------------------------------------- Gross Profit - - - - - - ---------------------------------------------------------------------------------------------------------------------------- Note: Price/Ton and Cost/Ton do not include Unprocessed Bank Run, Pond Dirt, Squeegy, Pond Sand, Cyclone Sand ------------------------------------------------------------------------------------------------------------ -----------
97 SCHEDULE 4.3.2 CERTAIN CHANGES The information provided on SCHEDULES 1.2 and 4.3.3 are incorporated herein by reference. 98 SCHEDULE 4.3.3 TRANSFERS Those Excluded Assets listed on Schedule 1.2. ------------ SITE 32- 1730 N. BECK STREET Portable scale 99 SCHEDULE 4.5.1 LITIGATION None of the claims below will be assumed by Buyer: SITE 26- 1616 NORTH BECK STREET (HOT PLANT) NONE SITE 25 (FALCON RIDGE QUARRY) See attached list of worker's compensation claims. SITE 30- BACCHUS PIT NO. 2 See attached list of worker's compensation claims. SITE 32- 1730 NORTH BECK STREET Hall Excavating v. Tri-State Testing Laboratories, Inc. ------------------------------------------------------- This matter involves the alleged failure to perform compaction tests. To date there has been no action filed nor have we had an opportunity to determine the factual and legal issues involved. The claim is for $100,000 +. This claim does not involve any property dispute or otherwise involve the Operations or the Acquired Assets and will not be assumed by Buyer. SITE 38- HEBER See attached list of worker's compensation claims. SITE 44- PARK CITY See attached list of worker's compensation claims. SITE 47- POINT OF THE MOUNTAIN See attached list of worker's compensation claims. SITE 90- LEHI See attached list of worker's compensation claims. SITE 91 -LELAND YARD 1. Alleged wrongful termination claim, negligent infliction of emotional distress and violation of the ADA by * against Valley Asphalt and Western Aggregates. This claim does not involve any property dispute or otherwise involve the Operations or the Acquired Assets and will not be assumed by Buyer. ----------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 100 2. An investigation was commenced by the Attorney General of Utah into possible antitrust violations by Western Rock Products Corp., an indirect subsidiary of U.S. Aggregates, Inc. A number of employees and customers have been questioned under oath. Antitrust counsel for U.S. Aggregates, Inc. have actively interviewed management and most of those questioned by the Attorney General's office. There is no evidence of any such misconduct, and counsel believes no basis exists for the charges. 3. See attached description regarding the investigation conducted in connection with Valley Asphalt's disposal of insulation containing asbestos. 4. See attached list of worker's compensation claims. SITE 177 TOOELE NONE 101 Worker's Compensation Claims Open * - Medical Only, claim will close 180 days from 1/8/01. Falcon Ridge Quarry * - Off-duty, currently paying worker's comp. Geodyne Yard ----------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 102 VALLEY ASPHALT, INC. RP11000 - HR ACCIDENT RVW 4/99 WORKERS COMP CLAIMS REVIEW
DAYS ACCOUNT # LOST DATE NAME DAYS OHSA RPT OCCUPATION DEPT INJURY WHAT HAPPENED RESTRICTED 0002 * 501012 L ANKLE SPRAIN DESCENDING STAIRWAY 0 01/26/00 EQUIP OPERATOR MIS STEPPED WHILE DESCENDING STAIRWAY 0 N 0020 * 501013 NECK STRAIN/PAIN HE WAS WB DOWN PROVO CANYON AND THE 0 06/16/00 DRIVER ONCOMING TRUCK WAS EB WHEN IT CROSSED 0 N LINE SIDE SWIPED BY AN ONCOMING TRUCK 0001 * 501018 CORNEAL ABRASION R WAS USING A ROCK BREAKER ATTACHED TO 4 01/24/00 EQUIP OPERATOR EYE TRACK HOE, FLYING ROCK STRUCK HIS R 0 Y EYE FAILED TO WEAR SAFETY GLASSES WHILE BREAKING ROCK WITH ROCK BREAKER 0023 * 501022 LACERATION TO LEFT BOTH EMPLOYEES WERE TRYING TO 0 11/21/00 EQUIPMENT OPERATOR HAND UNSTICK WATER VALVE COVER CO-EMPLOYEE 0 Y WAS PRYING WITH KNIFE CO-EMPLOYEE WAS IMPROPERLY USING POCKET KNIFE AND CUT HIS HAND 0016 * 501122 RT FOOT CONTUSION PAVER WAS BEING POSITIONED PRIOR TO 0 08/25/00 PLANT MANAGER NEXT RUN VICTIM WAS STANDING TALKING 0 Y TO LABORER PAVER OPERATOR FAILED TO SEE VICTIM AS PAVER WAS BEING MOVED PAVER HIT VICTIM 0022 * 502210 NECK STRAIN SHE WAS STOPPED AT A LIGHT WAITING 2 10/24/00 CLERCK IN DRAPER FOR IT TO CHANGE WHEN SHE WAS STRUCK 0 Y FROM BEHIND REAR-ENDED IN COMPANY VEHICLE BY 3RD PARTY 0007 * 501213 CONTUSION TO R WAS LOADING BERRIOR ONTO TRUCK WHEN 0 04/13/00 TRUCK DRIVER FIINGERS 3, 4, 5 PIN SLIPPED CRUSHING HAND 0 N HAND CRUSHED BY PIN OF A JERSEY BERRERIOR 0010 * 501213 RIGHT ELBOW, NECK SHE WAS LOWERING HER TRUCK BED WHEN 0 05/04/00 TRUCK DRIVER JARRING/CONTUSION THE RAM FAILED CAUSING A SEVER JOLT 0 N TO TRUCK BED RAM FAILED 0011 * 501213 BRUISED BOTH LOWER DRIVER WAS BETWEEN GATES CLEANING 37 05/16/00 TRUCK DRIVER LEGS TRAILER BED 19 Y BELLY DUMP GATES CLOSED INADVERTANTLY SAFETY CHAIN FAILED
----------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 103 VALLEY ASPHALT, INC. RP11000 - HR ACCIDENT RVW 4/99 WORKERS COMP CLAIMS REVIEW
DAYS ACCOUNT # LOST DATE NAME DAYS OHSA RPT OCCUPATION DEPT INJURY WHAT HAPPENED RESTRICTED 0018 * 501213 BRUISED HEAD AND RT SHE WAS PULLING ONTO HWY 0 10/04/00 TRUCK DRIVER HAND 0 N PULLED OUT IN FRONT OF AN ONCOMING TRUCK 0019 * 501213 BRUISED HEAD, NECK HE WAS TRAVELING EB ON HWY 189 0 10/04/00 DRIVER AND LEGS 0 N VAI TRUCK PULLED OUT IN FRONT OF HIM 0003 * 501214 REINJURY; LOWER AFTER CLEANING CHUTES WAS PUTTING 0 01/03/00 MIXER DRIVER BACK STRAIN THEM BACK ON TRUCK WHEN SLIPPED ON 0 N ICE SLIPPED ON ICE 0005 * 501215 PUNCTURE WOUND, WAS USING AN AIR CHISLE TO REMOVE A 0 03/28/00 MECHANIC METAL FRAGMENT LEFT BEARING WHEN THE BEARING FRAGMENTED 0 Y BEARING FRAGMENTED WHILE BEING REMOVED 0008 * 501215 EXPOSED TO WAS USING AN ASBESTOS HANDLING 2 YRS 0 04/18/00 SERVICE MECHANIC INSULATION AGO EXPOSURE TO ASBESTOS 0 N CONTAINING ASBESTOS 0014 * 501215 LT SIDE HERNIA REPLACING A RAM ON OIL DISTRIBUTOR 26 07/11/00 MECHANIC 0 Y LIFTING AND PUSHING TO ALIGN RAM 0025 * 501215 LIFTING HEAVY OBJECT IN SHOP 0 08/03/00 WELDER 0 N IMPROPER LIFTING 0015 * 501215 FOREHEAD LACERATION WAS REWINDING HOSE ONTO AUTOMATIC 0 08/24/00 SERVICE MECHANIC REWIND REEL. 0 Y AIR HOSE FLIPPED OUT OF HAND 0021 * 501215 RT HAND CONTUSION WAS ATTEMPTING TO LATCH DOOR 0 10/25/00 SERVICE FOREMAN 0 Y HAND PINCHED BY STORAGE DOOR LATCH HAND SLIPPED OFF OF LATCH 0024 *. 501215 RIGHT HERNIA REPEATED HEAVY LIFTING OF TIRES 0 12/14/00 SERVICE MECHANIC 0 Y LIFTING TIRES 0004 * 501217 MILD SPRAIN LEFT WAS WATCHING PIPE BIENG THREADED WHEN 0 02/17/00 LABORER WRIST HIS COAST WAS CAUGHT BY THE TURNING 0 N PIPE STANDING TOO CLOSE TO A PIP THAT WAS BEING THREADED 0009 * 501217 BRUISE ON BACK OF LIFTED EDGE OF CONCRETE CHUNK WITH 0 04/26/00 LABORER HEAD SHOVEL CONCRETE FELL ON SHOVEL 0 N CAUSING SHOVEL TO FLIP UP AND HIT HIM IN BACK OF HEAD
----------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 104 VALLEY ASPHALT, INC. RP11000 - HR ACCIDENT RVW 4/99 WORKERS COMP CLAIMS REVIEW
DAYS ACCOUNT # LOST DATE NAME DAYS OHSA RPT OCCUPATION DEPT INJURY WHAT HAPPENED RESTRICTED 0012 * 501217 RT SHOULDER AS A FLAGGER SHE HAD TRAFFIC STOPPED 11 06/15/00 FLAGGER CONTUSION WHEN A CAR RAN HER STOP SIGN STRIKING 1 Y HER WITH MIRROR STRUCK BY PASSING CAR 0013 * 501217 BRUISED RT KNEE HE WAS NB CROSSING INTERSECTION WITH 0 07/10/00 LABORER LIGHT WHEN CFI TRUCK RAN LIGHT AND 0 N STRUCK VAI VAI VEHICLE STRUCK BY CFI TRUCK 0017 * 501222 LOWER BACK CLEANING UP ASPHALT PIECES AND LIFTED 0 08/29/00 EQUIP OPERATOR A LARGE PIECE INTO A LOADER BUCKET 0 N LIFTED A HEAVY PIECE OF ASPHALT 0006 * 501312 LEFT FOOT STRAIN WHILE CLIMBING A LADDER HEAD FOOT POP 0 04/05/00 CRUSHER OPERATOR AND FELT PAIN STEPPED WRONG WHILE 0 N CLIMBING A LADDER
----------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 105 MONROC, INC. OSHA 200 INJURY AND ILLNESS REPORT THRU DECEMBER 31, 2000 NSL RMC 1730 BECK STREET SALT LAKE CITY, UTAH 84110
INJURIES ILLNESSES ------------------------------------------------------------------------------------------------------------------------------------ Fatalities Fatalities Date Date Away Away Occupational Date Away Case of Employee Job Home/ of or from Days Days W/out Illness of Away/ from Days Day W/out Number Inj/Ill Name ID Unit Death Restr Work Away Restr Loss (7) Death Restr Work Away Restr Loss (A) (B) (C) (D) (E) (1) (2) (3) (4) (5) (6) (a-g) (8) (9) (10) (11) (12) (13) ------------------------------------------------------------------------------------------------------------------------------------ NSL-1 1-30 * RMC RMC 0 |X| 0 0 10 (F) 0 0 0 0 0 0 0 0 Driver ------------------------------------------------------------------------------------------------------------------------------------ NSL-2 4-1 * RMC NSL 0 0 0 0 0 |X| Batch Btchman (F) ------------------------------------------------------------------------------------------------------------------------------------
1. NSL-1: Sprained Lower Back - Slipped on ice 2. NSL-2: Right Shoulder Muscle Strain - Employee was shoveling rock; overexertion Certification of Annual Summary Totals by: Russ Ellis Title: Safety and Environmental Director Date: January 5, 2001 ----------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 106 MONROC, INC. OSHA 200 INJURY AND ILLNESS REPORT THRU DECEMBER 31, 2000 POINT OF MOUNTAIN RMC 15589 S. 500 W. DRAPER, UT 81020
INJURIES ILLNESSES ------------------------------------------------------------------------------------------------------------------------------------ Fatalities Fatalities Date Date Away Away Occupational Date Away Case of Employee Job Home/ of or from Days Days W/out Illness of Away/ from Days Day W/out Number Inj/Ill Name ID Unit Death Restr Work Away Restr Loss (7) Death Restr Work Away Restr Loss (A) (B) (C) (D) (E) (1) (2) (3) (4) (5) (6) (a-g) (8) (9) (10) (11) (12) (13) ------------------------------------------------------------------------------------------------------------------------------------ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -------- ----- --------- ----- -------- ------ ----- ---- ----- ---- ---- --------- ------- ------- ---- ---- --- ---- ---- -----
Certification of Annual Summary Totals by: Russ Ellis Title: Safety and Environmental Director Date: January 5, 2001 107 MONROC, INC. OSHA 200 INJURY AND ILLNESS REPORT THRU DECEMBER 31, 2000 PARK CITY RMC 4122 ATKINSON PARK CITY, UT 84060
INJURIES ILLNESSES ------------------------------------------------------------------------------------------------------------------------------------ Fatalities Fatalities Date Date Away Away Occupational Date Away Case of Employee Job Home/ of or from Days Days W/ou Illness of Away/ from Days Day W/out Number Inj/Ill Name ID Unit Death Restr Work Away Restr Loss (7) Death Restr Work Away Restr Loss (A) (B) (C) (D) (E) (1) (2) (3) (4) (5) (6) (a-g) (8) (9) (10) (11) (12) (13) ------------------------------------------------------------------------------------------------------------------------------------ PC-1 1-27 * RMC RMC 0 |X| 0 0 8 0 0 0 0 0 0 0 0 Driver (F) ------------------------------------------------------------------------------------------------------------------------------------ PC-1 5-26 * RMC RMC 0 |X| |X| 16 14 0 0 0 0 0 0 0 0 Driver (F) ------------------------------------------------------------------------------------------------------------------------------------ PC-3 6-6 * RMC RMC 0 0 0 0 0 0 0 0 0 0 0 0 0 Denied Driver (F) ------------------------------------------------------------------------------------------------------------------------------------ PC-4 9-27 * RMC RMC 0 |X| |X| 9 37 0 0 0 0 0 0 0 0 Driver (F) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ 0 3 2 25 59 0 0 0 0 0 0 0 0 ------------------------------------------------------------------------------------------------------------------------------------
1. PC-1: Sprained lower back while putting chutes back onto truck 2. 2. PC-2: Employee sustained a crushed/broken 4th Metacarpal finger while cleaning his chutes. His finger was caught in one of the chutes. 1st lost day started on May 31, 2000. Return to light duty on June 22, 2000. Return to full duty on 6/12/00. 3. PC-3: Employee sustained a amputated right hand ring finger when he jumped from the fender of his ready mix truck. As he jumped, the ring on his finger caught up on a eye bolt and sheared his finger off. Positive for cocaine. Denied by WC. 4. PC-4: Employee sustained a strained rotator cuff when she was trying to remove the first chute off of the fold down chute. Employee started restrictive duty an 9/28/00. Started Lost Time on 11/20/00 - Surgery. Released back to Light Duty on 12/4/00. Took a leave of absence on 12/14/00 Certification of Annual Summary Totals by: Russ Ellis Title: Safety and Environmental Director Date: January 5, 2001 ----------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 108 MONROC, INC. OSHA 200 INJURY AND ILLNESS REPORT THRU DECEMBER 31, 2000 HEBER RMC 150 S. 16TH WEST HEBER, UT 84032
INJURIES ILLNESSES ------------------------------------------------------------------------------------------------------------------------------------ Fatalities Fatalities Date Date Away Away Occupational Date Away Case of Employee Job Home/ of or from Days Days W/out Illness of Away/ from Days Day W/out Number Inj/Ill Name ID Unit Death Restr Work Away Restr Loss (7) Death Restr Work Away Restr Loss (A) (B) (C) (D) (E) (1) (2) (3) (4) (5) (6) (a-g) (8) (9) (10) (11) (12) (13) ------------------------------------------------------------------------------------------------------------------------------------ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ------------------------------------------------------------------------------------------------------------------------------------
Certification of Annual Summary Totals by: Russ Ellis Title: Safety and Environmental Director Date: January 5, 2001 109 MONROC, INC. OSHA 200 INJURY AND ILLNESS REPORT THRU DECEMBER 31, 2000 BACCHUS II RMC 6400 S. HIGHWAY 111 MAGNA, UT 84404
INJURIES ILLNESSES ------------------------------------------------------------------------------------------------------------------------------------ Fatalities Fatalities Date Date Away Away Occupational Date Away Case of Employee Job Home/ of or from Days Days W/out Illness of Away/ from Days Day W/out Number Inj/Ill Name ID Unit Death Restr Work Away Restr Loss (7) Death Restr Work Away Restr Loss (A) (B) (C) (D) (E) (1) (2) (3) (4) (5) (6) (a-g) (8) (9) (10) (11) (12) (13) ------------------------------------------------------------------------------------------------------------------------------------ Bac-1 5-19 * RMC RMC 0 |X| 0 0 2 0 0 0 0 0 0 0 0 Driver (F) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ 0 1 0 0 2 0 0 0 0 0 0 0 0 ------------------------------------------------------------------------------------------------------------------------------------
1. Bac-1: Employee sustained a neck muscle strain when he slipped off the fuel tank step of his ready mix truck. Certification of Annual Summary Totals by: Russ Ellis Title: Safety and Environmental Director Date: January 5, 2001 ----------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 110 MONROC, INC. OSHA 200 INJURY AND ILLNESS REPORT THRU DECEMBER 31, 2000 NSL AGG. 1730 BECK STREET SALT LAKE CITY, UTAH 84110
INJURIES ILLNESSES ------------------------------------------------------------------------------------------------------------------------------------ Fatalities Fatalities Date Date Away Away Occupational Date Away Case of Employee Job Home/ of or from Days Days W/ou Illness of Away/ from Days Day W/out Number Inj/Ill Name ID Unit Death Restr Work Away Restr Loss (7) Death Restr Work Away Restr Loss (A) (B) (C) (D) (E) (1) (2) (3) (4) (5) (6) (a-g) (8) (9) (10) (11) (12) (13) ------------------------------------------------------------------------------------------------------------------------------------ NSL-1 11-27 * Welder NSL 0 |X| 0 0 5 0 0 0 0 0 0 0 0 AGG (F) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ 0 1 0 0 3 0 0 0 0 0 0 0 0 ------------------------------------------------------------------------------------------------------------------------------------
Certification of Annual Summary Totals by: Russ Ellis Title: Safety and Environmental Director Date: January 5, 2001 1. NSL-1: Employee sustained right ankle sprain. After dismounting back hoe, he started to walking forward. The ground was uneven and as he went to walk forward, his ankle gave way on the uneven surface. Started restrictive duty on 11/27/00. Went on a voluntary layoff on December 4, 2000. ----------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 111 MONROC, INC. OSHA 200 INJURY AND ILLNESS REPORT THRU DECEMBER 31, 2000 POINT OF MOUNTAIN AGG. 15589 S. 500 W. DRAPER, UT 81020
INJURIES ILLNESSES ------------------------------------------------------------------------------------------------------------------------------------ Fatalities Fatalities Date Date Away Away Occupational Date Away Case of Employee Job Home/ of or from Days Days W/out Illness of Away/ from Days Day W/out Number Inj/Ill Name ID Unit Death Restr Work Away Restr Loss (7) Death Restr Work Away Restr Loss (A) (B) (C) (D) (E) (1) (2) (3) (4) (5) (6) (a-g) (8) (9) (10) (11) (12) (13) ------------------------------------------------------------------------------------------------------------------------------------ PM-1 1-14 * Loader Plant 0 |X| 0 0 55 0 0 0 0 0 0 0 Op. Yard (F) ------------------------------------------------------------------------------------------------------------------------------------ PM-2 5-20 * Forman Agg. 0 |X| 0 0 9 0 0 0 0 0 0 0 0 Plant (F) ------------------------------------------------------------------------------------------------------------------------------------ PM-3 7-27 * Dozer Agg. 0 |X| 0 0 13 0 0 0 0 0 0 0 0 Op. Plant (F) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ 0 3 0 0 77 0 0 0 0 0 0 0 0 ------------------------------------------------------------------------------------------------------------------------------------
1. PM-1: Lower Back Strain - Loading Cuffing Edges into bucket of loader 2. PM-2: Tricep tendon strain - Employee injured right elbow while changing screen cloth on screening machine. 3. PM-3: Employee sprained left knee while dismounting dozer. Started restrictive duty on 7/27/00. Vacation on August 11-20. Back to full duty on 8-23-00 Certification of Annual Summary Totals by: Russ Ellis Title: Safety and Environmental Director Date: January 5, 2001 ----------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 112 MONROC, INC. OSHA 20D INJURY AND ILLNESS REPORT THRU DECEMBER 31, 2000 BACCHUS I - AGG 5436 S. HIGHWAY III MAGNA, UT 84404
INJURIES ILLNESSES ---------------------------------------------------------------------------------------------------------------------------------- Fatalities Fatalities Date Date Away Away Occupational Date Away Case of Employee Job Home/ of or from Days Days W/out Illness of Away/ from Days Day W/out Number Inj/Ill Name ID Unit Death Restr Work Away Restr Loss (7) Death Restr Work Away Restr Loss (A) (B) (C) (D) (E) (1) (2) (3) (4) (5) (6) (a-g) (8) (9) (10) (11) (12) (13) ---------------------------------------------------------------------------------------------------------------------------------- 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ----------------------------------------------------------------------------------------------------------------------------------
Certification of Annual Summary Totals by: Russ Ellis Title: Safety and Environmental Director Date: January 5, 2001 113 MONROC, INC. OSHA 200 INJURY AND ILLNESS REPORT THRU DECEMBER 31, 2000 NSL & POINT OF MT. SHOPS 1730 BECK STREET SALT LAKE CITY, UTAH 94110
INJURIES ILLNESSES ------------------------------------------------------------------------------------------------------------------------------------ Fatalities Fatalities Date Date Away Away Occupational Date Away Case of Employee Job Home/ of or from Days Days W/out Illness of Away/ from Days Day W/out Number Inj/Ill Name ID Unit Death Restr Work Away Restr Loss (7) Death Restr Work Away Restr Loss (A) (B) (C) (D) (E) (1) (2) (3) (4) (5) (6) (a-g) (8) (9) (10) (11) (12) (13) ------------------------------------------------------------------------------------------------------------------------------------ PMS-1 2-3 * Shop Pt. of 0 |X| 0 0 1 0 0 0 0 0 0 0 0 Mech. Mt. (F) Shop ------------------------------------------------------------------------------------------------------------------------------------ NSL-2 3-3 * Shop Beck 0 0 0 0 0 |X| 0 0 0 0 0 0 0 Super- St. (F) visor Shop ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ 0 1 0 0 1 1 0 0 0 0 0 0 0 ------------------------------------------------------------------------------------------------------------------------------------
1. PMS-1: Pain in Left shoulder and left lower leg - Vehicle accident resulted in 1 day of restricted duty 2. NSL-2: Six stitches in left cheek - Left cheek contacted valve while pushing steam cleaner down shop ramp Certification of Annual Summary Totals by: Russ Ellis Title: Safety and Environmental Director Date: January 5, 2001 --------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 114 MONROC, INC. OSHA 2000 INJURY AND ILLNESS REPORT THRU DECEMBER 31, 2000 MONROC OFFICE 1730 BECK STREET SALT LAKE CITY, UT 84110
INJURIES ILLNESSES ------------------------------------------------------------------------------------------------------------------------------------ Fatalities Fatalities Date Date Away Away Occupational Date Away Case of Employee Job Home/ of or from Days Days W/out Illness of Away/ from Days Day W/out Number Inj/Ill Name ID Unit Death Restr Work Away Restr Loss (7) Death Restr Work Away Restr Loss (A) (B) (C) (D) (E) (1) (2) (3) (4) (5) (6) (a-g) (8) (9) (10) (11) (12) (13) ------------------------------------------------------------------------------------------------------------------------------------ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ------------------------------------------------------------------------------------------------------------------------------------
Certification of Annual Summary Totals by: Russ Ellis Title: Safety and Environmental Director Date: January 5, 2001 115 CLYDE SNOW SESSIONS & SWENSON February 22, 2001 Arthur Andersen, LLP Attn: Lauren de Bruyn 101 Second Street, Suite 1100 San Francisco, California 94105-3601 Re: U.S. Aggregates, Inc. Gentlemen: By letter dated January 26, 2000 (23 assume the actual date is January 26, 2001, since we received the letter on February 5, 2001), Michael J. Stone, CFO of U.S. Aggregates, Inc. (the "Company"), requested us to furnish you certain information in connection with your audit of the financial statements of the Company as of February 15, 2001. PENDING OR THREATENED LITIGATION Although we represent Valley Asphalt and Western Rock Products Corporation in certain matters, we are responding only on behalf of Valley Asphalt with respect to the investigation conducted by the United States Attorney's Office for the District of Utah regarding the removal and disposal of certain insulation at the Valley facility. The insulation contained some asbestos and was removed in March of 2000. Valley has other matters that fall in the category of pending or threatened litigation which are being handled by other law firms, including Richards, Brand, Miller & Nelson of Salt Lake City, Utah. This firm has been co-counsel with Howrey Simon Arnold & White, LLP in an investigation involving Western Rock Products and we assume the Howrey Simon firm will respond with respect to those matters for which we have been engaged as co-counsel. In March of 2000, Valley Asphalt made an effort to dispose of certain insulation that contained, among other materials, some asbestos. The United States Attorney's Office for the District of Utah, and other agencies, investigated the matter to determine if here had been violations of the Clean Air Act or regulations promulgated pursuant thereto. As a result of that investigation, on July 14, 2000, an agreement in principle was reached by Valley with the United States Attorney's Office which resolved the investigation. Pursuant to the agreement in principle, a felony information was filed on September 29, 2000, against Valley alleging in one count violations of certain work practice standards adopted pursuant to the Clean Air Act for the handling of hazardous materials, including asbestos. The agreement requires Valley to pay a fine pursuant to the Clean Air Act and the All Fines Statute in the total amount of $300,000. Valley also has agreed to pay a special assessment fee of $400, and to pay restitution to the Utah State Department of Air Quality and the Utah County Department of Health in a combined total amount not to exceed $6,000. The agreement provides that no additional fine or penalty will be imposed or required. We have informally requested the United States Attorney's Office to stipulate that the Company be allowed to pay the fine in five $60,000 installments over the next year. That request is under consideration by the United States Attorney. 116 In addition to the agreement in principle reached with the United States Attorney's Office for the District of Utah, an agreement in principle was also reached with the Northwest District Debarment Counsel of the United States Environmental Protection Agency on July 13, 2000. In part, that agreement states, "Although details remain to be worked out, we have an agreement in principle, and I feel certain that we can conclude this matter in a manner that will allow Valley to avoid debarment." We are now in the process of negotiating a compliance agreement,. It is likely a successful negotiation of the compliance agreement will occur within the next several weeks. In the event Valley is debarred from government contracts for a period of time, we are not privy to sufficient information to determine the impact on Valley or the Company. We consider the possibility of debarment of Valley unlikely. The possibility of debarment of the Company over this matter is remote. In March of 2000, Valley hired IHI Environmental, an environmental engineering firm, to facilitate the completion and removal of the insulation. This was done under the supervision of EPA and the State Department of Environmental Quality. According to the foregoing agencies and, as stated in the agreement in principle, such removal and cleanup was accomplished in a satisfactory manner. The agreement in principle contemplates a written plea agreement and expressly provides that the plea agreement will be performed in accordance with Federal Rule of Criminal Procedure 11(e)(1)(C), which means the sentence (the $300,000 fine) to which the parties have agreed will be binding on the Court. However, the Court has the discretion to accept or reject a binding plea agreement. This case has been assigned to a federal judge who generally accepts BINDING plea agreements. We think it unlikely the Court will reject the plea agreement. Arraignment (or plea) is presently scheduled for the end of March 2001. It is anticipated that the EPA compliance agreement precluding debarment over this issue and the plea can be concluded by the end of march. In that event, the Company would likely be required to pay the $300,000 find sometime during the month of April or, in the alternative, to begin paying the fine over time in a manner agreed to by the Court and the United States. If the plea agreement is rejected by the Court, which is unlikely, and the Company elects to plead as charged, we reasonably anticipate the fine will remain in the $300,000 range. It might be less than 4300,000, but would not exceed $500,000. In the unlikely event the plea agreement is rejected and the Company elects to go to trial, we cannot offer an opinion as to what charges might be filed or what fine would be expected in the event of conviction, given the uncertainties of litigation and discretion of the Court in imposing a fine. In the event of a trial on charges related to the asbestos removal, we think an unfavorable outcome I likely. However, as indicated, we think the chance of a trial in this matter is remote. The State of Utah also imposed a mandatory penalty upon Valley Asphalt with respect to the alleged mishandling of the insulation. This matter was handled by Richards, Brandt, Miller & Nelson of Salt Lake City. 117 UNASSERTED CLAIMS AND ASSESSMENTS Pursuant to clauses (b) and (c) of Paragraph 5 of the ABA Statement of Policy and related Commentary, it would be inappropriate for this firm to respond to a general inquiry relating to the existence of unasserted possible claims or assessments involving the Company. We can only furnish information concerning those unasserted possible claims or assessments for which the Company has made a specific written request. We therefore cannot comment on the adequacy of the Company's listing, if any, of unasserted possible claims or assessments or its assertions concerning the advice, if any, about the need to disclose same. We do not do general legal work for this Company. As qualified above, and unless disclosed herein, we are not aware of any unasserted claims or assessments probable of assertion which, if asserted, would have at least a reasonable possibility of an unfavorable outcome. OTHER MATTERS The information set forth herein is as of February 15, 2001, the date on which we completed our internal review procedures for purposes of preparing this response, and we disclaim any undertaking to advise you of changes which thereafter may be brought to our attention. As of February 15, 2001, the Companies (Valley and Western Rock) were indebted to this firm for services rendered in the amount of $6,539.26. This response is limited by an in accordance with the ABA Statement of Policy Regarding Lawyers' Responses to Auditors' Requests for Information (December 1975, 1990). Without limiting the generality of the foregoing, the limitations set forth in such Statement on the scope and use of this response are specifically incorporated herein by reference and any description herein of any "loss contingencies" is qualified in its entirety by paragraph 5 of the Statement and the accompanying Commentary (which is an integral part of the Statement). The Company has advised us that, by making the request set forth in its letter to us, the Company does not intend to waiver the attorney-client privilege with respect to any information which the Company has furnished to us. Moreover, please be advised that our response to you should not be construed in any way to constitute a waiver of the protection of the attorney work-product privilege with respect to any of our files involving the Company. Consistent with the last sentence of paragraph 6 of the ABA Statement of Policy and pursuant to the Company's request, this will confirm as correct the Company's understanding as set forth in its audit inquiry letter to us that whenever in the course of performing legal services for the Company with respect to a matter recognized to involve an unasserted possible claim or assessment that may call for financial statement disclosure, we have formed a professional conclusion that the Company must disclose or consider disclosure concerning such possible claim or assessment, we, as a matter of professional responsibility to the Company, will so advise the Company and will consult with the Company's representatives concerning the question of such disclosure and the applicable requirements of the Statement of Financial Accounting Standards No. 5. Yours truly, 118 CLYDE SNOW SESSIONS & SWENSON By: ------------------------------------ RODNEY G. SNOW RGS:dh cc: U.S. Aggregates, Inc. 119 SCHEDULE 4.5.3 LICENSES, PERMITS AND AUTHORIZATIONS Any matters listed on Schedules 4.6.1.6, 4.11.1, 4.11.2, 4.11.3, 4.11.4, 4.13 and the following: SITE 90- LEHI (READY-MIX ONLY) 1. DAQE-1682-3000 Annual and Initial Inspection Approval Order for Aggregate Production Plant, Asphalt Plant and Concrete Batch Plant dated 2/5/01 (State of Utah Department of Environmental Quality, Division of Air Quality) 2. CONDITIONAL USE APPROVALS BY UTAH COUNTY FOR MG AND 1 ZONE FOR CONCRETE PLANT - DATES OF MEETINGS AND STAFF COMMENTS: Appeal No. 1229, July 1, 1997; Appeal No. 1319, July 11, 2000; Appeal No. 1321, July 11, 2000 3. Business License with Utah County SITE 91- LELAND YARD (SPANISH FORK) (READY-MIX ONLY) 1. DAQE-010-00 Approval Order Modification for Reduction of Asphalt Production Limit and Increase of Concrete Batching Production Limitation for Leland Pit dated 1/6/00 (State of Utah Department of Environmental Quality, Division of Air Quality) 2. DAQE-696-98 Approval Order Modification for Aggregate Production Decrease at the Leland Facility dated 10/19/98 (State of Utah Department of Environmental Quality, Division of Air Quality) 3. CONDITIONAL USE APPROVAL FOR CONCRETE PLANT IN I 2 INDUSTRIAL ZONE IN CITY OF SPANISH FORK - Conditional use permit appeal number CU-97-01 established the asphalt crushing and concrete plants as conditional use in April 2, 1997 meeting of planning commission 4. Business License with City of Spanish Fork 5. DNR UST Spanish Fork -# 1000361 SITE 25- N. VICTORY ROAD (FALCON RIDGE QUARRY) 1. DAQE 239-00 Approval Order for Addition of the VSI Crusher and Associated Conveyors and Stackers dated 4/21/00 (State of Utah Department of Environmental Quality, Division of Air Quality) 2. DAQE 854-2000 Annual and Partial Initial Approval Order for Aggregate Crushing Equipment dated 6/9/00 (State of Utah Department of Environmental Quality, Division of Air Quality) 120 3. DAQE 364-98 Approval Order for Changes of Contact Name and Address and Production Increase dated 6/1/98 (State of Utah Department of Environmental Quality, Division of Air Quality) 4. Federal Fish and Wildlife Permit 2/10/94-2/10/14. 5. DAQE 639-00 Approval Order for DAQE 507-2000 dated 8/16/00 (State of Utah Department of Environmental Quality, Division of Air Quality) 6. DNR LUST Beck Street #40001233 SITE 26- 1616 NORTH BECK STREET (GEODYNE HOT PLANT) DAQE 1494-2000 Replacement Approval Order dated 9/29/00. Replaces DAQE 849-98 (State of Utah Department of Environmental Quality, Division of Air Quality) SITE 32- 1730 BECK STREET 1. DAQE 1496-2000 Replacement Approval Order dated 9/29/00, replaces DAQE 744-96 2. DAQE-315-99 Approval Order modification to AO DAQE 744-96 dated 4/29/99. 3. Salt Lake City Fire Department Hazardous Material Permit dated 2/26/98. 4. DNR LUST Beck Street #4000621 SITE 47 POINT OF THE MOUNTAIN (READY-MIX ONLY) 1. DAQC 1462-2000 Replacement Approval Order dated 9/26/00. Replaces DAQE 265-97 and DAQC 1083-96 (State of Utah Department of Environmental Quality, Division of Air Quality) 2. CONDITIONAL USE APPROVAL FOR M2 ZONE IN CITY OF DRAPER - verified by Jan Yeckes, Planning Director, Draper, Utah. 3. Business License with City of Draper SITE 38 HEBER CITY 1. DAQE 442-94 Approval Order for Construction of Concrete Batch Plant dated 6/2/94 (State of Utah Department of Environmental Quality, Division of Air Quality) 2. Business License with Heber City 121 SITE 44- PARK CITY 1. DAQE 1285-99 Approval Order dated 8/27/99 (State of Utah Department of Environmental Quality, Division of Air Quality) 2. DAQE 659-97 Approval Order for the Addition of a Concrete Batch Plant to an Existing Concrete Batch Plant dated 7/18/97 (State of Utah Department of Environmental Quality, Division of Air Quality) 3. Business License with Summit County SITE 30- BACCHUS PIT 2 (READY-MIX ONLY) 1. DAQE 1514-2000 Annual Initial Inspection Approval Order (aggregate, concrete) dated 10/2/00 (State of Utah Department of Environmental Quality, Division of Air Quality) 2. CONDITIONAL USE IN M ZONE FOR CITY OF WEST VALLEY - Appeal #C98-008 3. Business License with West Valley City SITE 177- TOOELE 1. Tooele Company Conditional Use Permit No. Appeal CUP-26400 dated 7/5/00 CONSENTS REQUIRED FOR TRANSFER: 1. All Air Permits And Other Permits Issued By The Utah Department Of Natural Resources Must Be Transferred. 2. Business Licenses Are Not Transferable. 3. Hazardous Material Generator Id Numbers Will Have To Be Acquired 4. Blasting License Are Not Transferable EXCEPTIONS TO LICENSES, PERMITS AND AUTHORIZATIONS: A. THE SITES LISTED BELOW DO NOT HAVE GENERAL STORM WATER PERMITS OR STORM WATER POLLUTION PREVENTION PLANS: SITE 90- Lehi SITE 91- Leland Yard (Spanish Fork) 122 SITE 25- N. Victory Road (Falcon Ridge Quarry) SITE 26- 1616 North Beck Street (Geodyne Hot Plant) SITE 32- 1730 Beck Street SITE 47 Point of the Mountain SITE 38 Heber City SITE 44- Park City 123 SITE 30- Bacchus Pit 2 SITE 177- Tooele B. THE SITES LISTED BELOW DO NOT HAVE A SEPARATE BUSINESS LICENSE: SITE 25- N. Victory Road (Falcon Ridge Quarry) SITE 26- 1616 North Beck Street (Geodyne Hot Plant) SITE 32- 1730 Beck Street SITE 177- Tooele C. THE SITES LISTED BELOW DO NOT HAVE A FIRE MARSHALL'S BLASTING PERMIT (ISSUANCE IS TO BLASTING COMPANIES HIRED BY THE OWNER): SITE 25- N. Victory Road (Falcon Ridge Quarry) SITE 32- 1730 Beck Street D. THE SITES LISTED BELOW DO NOT HAVE A NOTICE OF INTENTION TO MINE APPROVED BY DOGM: SITE 25- N. Victory Road (Falcon Ridge Quarry) SITE 32- 1730 N. Beck Street E. THERE IS NO RIGHT TO CONDUCT MINING ACTIVITIES ON SITE 25 IN THE OPEN SPACE ZONE. F. NONE OF THE SITES HAVE HAZARDOUS MATERIAL GENERATOR ID NUMBERS. G. TOOELE DOES NOT HAVE AN AIR PERMIT BECAUSE NO OPERATIONS ARE CURRENTLY BEING CONDUCTED THERE. NON-CONFORMING USE: Those uses listed on Schedule 4.6.1(c) 124 SCHEDULE 4.6(a) MINERALS; WATER RIGHTS; ETC. Schedule 1.1 is incorporated herein by reference. SITE 26- 1616 N. BECK STREET (FALCON RIDGE HOT PLANT) NONE SITE 25A- 1080 N. VICTORY ROAD (STOCKPILE AREA FALCON RIDGE QUARRY) NONE SITE 25B- 1050 N. VICTORY ROAD (30 ACRES FALCON RIDGE QUARRY) Sellers' rights in limestone rock, sand and gravel. SITE 30- BACCHUS PIT NO. 2 (READY MIX ONLY) NONE SITE 32- 1730 NORTH BECK STREET QUARRY Sellers' rights under that certain Underground Water Rights Claim No. 15292 dated April 20, 1936 and as described in that certain Certificate of Beneficial Use No. 57-8702 (A59401) from the State of Utah. Sellers' rights in limestone rock, sand and gravel. SITE 47- POINT OF THE MOUNTAIN (READY MIX ONLY) Sellers' rights under that Certificate of Beneficial Use, Water Right No. 57-8363 (A39479a) - State of Utah. SITE 38- HEBER CITY (READY MIX ONLY) NONE SITE 91- LELAND YARD (READY MIX ONLY) NONE SITE 90- LEHI (READY MIX ONLY) NONE SITE 177-TOOELE Sellers' rights in sand and gravel as set forth in that Ordinary Sand and Gravel Permit No. 228 between Western Aggregates, Inc. (as permittee) and the State of Utah School and Institutional Trust Lands Administration (as permitter) dated as of June 1, 2000. 125 SITE 44- PARK CITY (READY MIX ONLY) The Sellers' water rights as set forth in Water Claim No. 1697 35-7483. 126 SCHEDULE 4.6(b) ENCUMBRANCES SCHEDULE 1.1 is incorporated herein by reference. 127 SCHEDULE 4.6.1(a) REAL PROPERTY OWNED PROPERTY: SITE 32- 1730 NORTH BECK STREET Parcel 1: The Southeast quarter of the Northeast quarter and that part of the Northeast quarter of the Southeast quarter of Section 23, Township 1 North, Range 1 West, Salt Lake Meridian; lying East of Beck Street, less State Road and New Age Manufacturing Co. tracts. Also tracts deeded to LaFORREST T. TWITCHELL and W. W. and W. B. GARDNER, INC. For Informational Purposes Only: Tax Sidwell No. 08-23-252-001. Parcel 2: BEGINNING at a point on the Northerly right of way line of Beck Street, said point being North along the Section line 598.87 feet and North 44' 01' West 23.75 feet from the Southwest corner of Section 24, Township 1 North, Range 1 West, Salt Lake Base and Meridian; said point also being in the center of Davis Street as created by the plat of Empire Addition; and running thence North along the center of said Davis Street 128.0 feet; thence South 45' 59' West 90 feet to the Northerly right of way line of Beck Street; thence along said Northerly line South 44' 01' East 91 feet to the point of BEGINNING. LESS Public Streets and rights of way of record. For Informational Purposes Only: Tax Sidwell No. 08-23-482-009. Parcel 3: COMMENCING 66 feet West from the Northwest corner of Block 15, FOLSOM ADDITION; thence West 316 feet, more or less, to the East line of Beck Street; thence Southerly along the East line of said street to the South line of the Northeast quarter of Section 23, Township 1 North, Range 1 West, Salt Lake Meridian; thence East 168 feet, more or less, to a point due South of beginning; thence North 340 feet to BEGINNING. LESS State Road. For Informational Purposes Only: Tax Sidwell No. 08-23-253-001. Parcel 4: Lots 1 and 14 through 24, inclusive, the East 18.5 feet of Lots 2 through 13, inclusive, Block 9, and all Block 10 through 15, inclusive, FOLSOM ADDITION, according to the Official Plat thereof, recorded in the Office of the Salt Lake County, Recorder. LESS State Road. For Informational Purposes Only: Tax Sidwell No. 08-23-252-001. Parcel 5: BEGINNING at a point which is North along the Section line 1258.87 feet from the Southwest corner of Section 23, Township 1 North, Range 1 West, Salt Lake Base and Meridian; and 128 running thence North along the Section line 335.0 feet, more or less; thence West 318.0 feet; thence South 44' 01' East 462.0 feet to the point of BEGINNING. LESS public streets and rights of way of record. For Informational Purposes Only: Tax Sidwell No. 08-23-427-005. Parcel 6: COMMENCING 33 feet South from the Northeast corner of the Northwest quarter of the Southeast quarter of Section 23, Township 1 North, Range 1 West, Salt Lake Base and Meridian; thence West 405 feet; thence South 130 feet, more or less, to the Northeasterly line of State Road; thence Southeasterly along said road 370 feet, more or less; thence Northeasterly 438 feet, more or less, to the point of BEGINNING. ALSO, COMMENCING 470 feet West from said Northeast corner; thence South 70 feet, more or less, to the Northeasterly line of road Northwesterly along said road to the quarter section line East 50 feet, more or less, to the BEGINNING. TOGETHER WITH vacated streets between tracts and adjacent North of first tract. For Informational Purposes Only: Tax Sidwell No. 08-23-405-001. Parcel 7: COMMENCING at the West quarter corner of Section 24, Township 1 North, Range 1 West, Salt Lake Base and Meridian; and running thence East 1775.4 feet; thence South 31 West 2155.0 feet, more or less, to a point on a parcel conveyed to SBC, LLC, by deed recorded August 30, 1994, as Entry No. 5910321, in Book 7009, at page 2063, of Official Records; thence North 42' 30' West 40.85 feet; thence North 31' East 1188.03 feet; thence West 1299.52 feet, more or less, to a point due South from the point of beginning; thence North 731 feet, more or less, to the point of BEGINNING. For Informational Purposes Only: Tax Sidwell No. 08-24-300-001. Parcel 8: The West one-half of the Northwest quarter of Section 24, Township 1 North, Range 1 West, Salt Lake Meridian. LESS AND EXCEPTING property conveyed to SALT LAKE CITY CORPORATION, by Quit Claim Deed recorded October 28, 1999, as Entry No. 7500225, in Book 8319, at page 1784, of Official Records. For Informational Purposes Only: Tax Sidwell No. 08-24-100-003. Parcel 9: COMMENCING at a point on the Northerly right of way line of Beck Street 528 feet, more or less, North along the Section line from the Southwest corner of Section 24, Township 1 North, Range 1 West, Salt Lake Base and Meridian; thence South 44' 15' East along the Northerly right of way line of Beck Street 82.5 feet; thence North 45' 45' East 495.0 feet; thence South 44' 15' East 445.5 feet; thence North 45' 45' East 189.4 feet; thence North 40' 13' 35" West 264.85 feet; thence North 31' East 118.03 feet; thence West 1299.52 feet, more or less, to the West line of Section 24; thence South along the West line of Section 24, a distance of 642.8 feet, more or less, 129 to a point 677.2 feet North of the point of beginning; thence West 16.5 feet; thence South 44' 01' East 384 feet; thence South 45' 59' West 345.25 feet; thence South 160.92 feet to the point of BEGINNING. EXCEPTING THEREFROM the following described tract: BEGINNING at the Southeast corner of the Grantors land which point is 128 rods South and 5 rods South 44(degrees) 15' East 41 feet, more or less, to a point 60 feet perpendicularly distant Northeasterly from said centerline of survey; thence North 42' 58' West 127 feet, more or less, to the West boundary line of said Section 24; thence South 6' feet, more or less, along said West Section line to the Southwest corner of said Grantor's land. For Informational Purposes Only: Tax Sidwell No. 08-24-300-020. Parcel 10: COMMENCING 32 rods South from the Northeast corner of Section 23, Township 1 North, Range 1 West, Salt Lake Meridian; thence South 48 rods; thence West 80 rods; thence South 232 feet; thence West 816 feet, more or less, to the East line of Beck Street; thence Northerly along said street 716 feet, more or less, to the Southwest corner of Burn's Tract; thence Easterly 410.25 feet, more or less, to the Southeast corner of said Burn's Tract; thence Northerly 6-1/3 rods; thence North 6' 1' West 159.5 feet; thence East 1874.75 feet to BEGINNING. LESS State Road. For Informational Purposes Only: Tax Sidwell No. 08-23-226-001. The above 10 parcels also described as: --------------------------------------- Beginning at a point which lies East 89.16 feet and North 511.86 feet from the Southeast Corner of Section 23, Township 1 North, Range 1 West, Salt Lake Base and Meridian; said point also being on the Northerly right-of-way line of Beck Street (as per UDOT U-122 Drawings), thence along said Northerly right-of-way line, North 42(degrees)43'54" West 214.77 feet; thence leaving said Northerly right-of-way, North 46(degrees)13'49" East 82.76 feet to a point on the center of Davis Street as created by the Empire Edition Plat; thence along said center of Davis Street South 0(degrees)15'06" West 39.83 feet; thence leaving said center of Davis Street and running North 46(degrees)13'48" East 348.06 feet; thence North 43(degrees)46' 12" West 383.94 feet; thence South 89(degrees)45'12" East 16.50 feet to a point on the East line of said Section 23; thence along said Section line North 0(degrees) l5'06" East 53.76 feet; thence leaving said Section line North 43(degrees)l5'26" West 461.90 feet to a point on the extended North line of the Component Playground Company Property as recorded in the Salt Lake County Recorders Office dated November 11, 1994 Book 7045, Page 1023, thence running along said line North 89(degrees)23'57" West 625.77 feet to a point at which said line intersects the Northerly right-of-way line of Beck Street; thence along said right-of-way line North 43(degrees) 47'54" West 63.89 feet to an angle point on said right-of-way; thence continuing along said right-of-way North 43(degrees)34'54" West 634.51 feet to the Southwesterly corner of an ambiguous description as recorded in the Salt Lake County Recorders Office Entry No. 5214376, Book 6423, Page 2032; thence following said description North 56(degrees)14'55" East 366.14 feet to the beginning of a curve; thence following said description along the arc of a 900.40-foot radius curve to the left, through a central angle of 7(degrees)55'47", 124.61 feet (Chord bears North 52(degrees)17'02" East 124.51 feet); thence following said description North 48(degrees)l9'08" East 159.38 feet to the beginning of a curve; thence following said description along the arc of a 759.43-foot curve to the right through a central 130 angle of l0(degrees)09'44" 134.66 feet (Chord bears North 53(degrees)23'56" East 134.48 feet); thence following said description North 58(degrees)28'52" East 14.78 feet to the Southeasterly corner of said description; thence following said description North 33(degrees)47'38" West 210.18 feet; thence following said description South 64(degrees)03'52" West 80.35 feet; thence following said description South 56(degrees)47'52" West 242.60 feet to the beginning of a curve; thence following said description along the arc of a 315.56-foot radius curve to the left through a central angle of 36(degrees)38'46" 201.83 feet (Chord bears South 38(degrees)28'29" West 198.41 feet); thence following said description South 20(degrees)09'06" West 234.55 feet to the beginning of a curve; thence following said description along the arc of a 324.99-foot radius curve to the right, through a central angle of 19(degrees)32'26" 110.84 feet (Chord bears South 29(degrees)32'52" West 110.30 feet) to a point on the Northerly right-of-way line of Beck Street; thence leaving said ambiguous description and following said right-of-way North 43(degrees)34'54" West 66.69 feet to the beginning of a spiral curve; thence Northwesterly along said Northerly right-of-way along a 10-chord spiral curve to the right 395.71 feet (Chord bears North 41(degrees)35'34" West 395.50 feet) to the beginning of a curve; thence along said Northerly right-of-way line along a 1869.08-foot radius curve to the right, through a central angle of 11(degrees)34' 53" 377.80 feet (Chord bears North 31(degrees)47'30" West 3.77.16 feet); thence continuing along said right-of-way North 2(degrees)03'20" West 104.73 feet to the beginning of a non-tangent curve; thence continuing along said right-of-way along a 1829.08-foot radius curve to the right, through a central angle of 13(degrees)25'14" 428.43 feet (Chord bears North 16(degrees)17'28" West 427.45 feet) to the beginning of a spiral curve; thence continuing along said right-of-way along a 10-chord spiral curve to the right 391.52 feet (Chord bears North 5(degrees)33'35" West 391.31 feet); thence continuing along said right-of-way North 3(degrees)34'54" West 304.50 feet to the beginning of a curve; thence continuing northerly along said right-of-way line along a 23018.09-foot radius curve to the left through a central angle of 0(degrees)59'21" 397.39 feet (Chord bears North 4(degrees)04'34" West 397.37 feet) to the Southerly line of the Burns Tract; thence North 8l(degrees)37'48" East 318.50 feet to the Southeast corner of said Burns Tract; thence North 5(degrees)46'11" West 264.00 feet; thence South 89(degrees)45'12" East 1874.75 feet to the East line of said Section 23; thence along said section line North 0(degrees)15'06" East 528.00 feet to the Northeast Corner of said Section 23, said point being also the Northwest Corner of Section 24; Township 1 North, Range 1 West, Salt Lake Base and Meridian; thence along the North line of said Section 24 North 89(degrees)l7'24" East 1318.19 feet to the Northeast Corner of the West half of the Northwest Quarter of Section 24; thence South 0(degrees)14'25" West 2629.14 feet along the East line of said West half of the Northwest Quarter of Section 24, to the Southeast Corner of said West half of Northwest Quarter of Section 24; thence South 89(degrees)44'33" East 456.87 feet along the South line of the Northwest Quarter of said Section 24; thence South 31(degrees)14'48" West 2089.86 feet, thence South 39(degrees)58'47" East 246.89 feet; thence South 45(degrees)59'47" West 189.40 feet; thence North 44(degrees)00'12" west 445.50 feet; thence South 45(degrees)59'48" West 398.28 feet to the Northeasterly right-of-way line of Beck Street; thence along said right-of-way North 43(degrees)52'25" West 9.55 feet; thence continuing along said right-of-way South 47(degrees)16'06" West 45.51 feet to the point of beginning. Less and excepting therefrom: Dedicated Streets and Alleys within Folsoms Addition, and further Less and excepting therefrom: Property conveyed to SALT LAKE CITY CORPORATION, by Quit Claim Deed recorded October 28, 1999, as Entry No. 7500225, in Book 8319, at page 1784, of Official Records 131 SITE 47- POINT OF THE MOUNTAIN Parcel 1: BEGINNING at a point 860 feet West 660 feet South of the Northeast corner of Section 23, Township 4 South, Range 1 West, Salt Lake Base and Meridian; which point was on the East boundary of the Los Angeles and Salt Lake Railroad Right of Way as the same existed in 1972 and prior to its relocation by the Utah State Road Commission for construction of a freeway known as Project 15-6, and the point of intersection of said railroad right of way with the North boundary line of the G and G Realty, Inc. property in 1972, and running thence along the North boundary of C and G Realty, Inc. property East 1154 feet; thence North 400 feet; thence West 1024 feet, more or less, to the East boundary of the said Los Angeles and Salt Lake Railroad Right of Way; thence Southwesterly along the curve on the East boundary of said railroad right of way 400 feet, more or less, to the point of BEGINNING. EXCEPTING THEREFROM that portion thereof now owned by the Utah State Road Commission as described in the final order of condemnation in the Third District Court in and for Salt Lake County, State of Utah, recorded January 25, 1974, as Entry No. 2596469, in Book 3505, at page 338, of Official Records. For informational purposes only: Tax Sidwell No. 33-23-200-002. 132 SITE 25 (FALCON RIDGE QUARRY) PARCEL 1: 25C PARCEL 2: 25B PARCEL 1: (REFERRED TO AS THE "18 ACRE" PARCEL) Beginning at a point 86.6 rods North from the center of Section 25, Township 1 North, Range 1 West, Salt Lake Base and Meridian, and running thence North 73.4 rods; thence East 40 rods; thence South 73.4 rods; thence West 40 rods to the point of beginning. The following is shown for informational purposes only: Tax Sidwell No. 08-25-200-001 PARCEL 2: (REFERRED TO AS THE "30 ACRE" PARCEL) Property in Section 25, Township 1 North, Range 1 West, Salt Lake and Meridian, commencing 1211.10 feet South from the North quarter corner of said Section 25, thence South 990 feet; thence East 1320 feet; thence North 990 feet; thence West 1320 feet to Beginning. The following is shown for informational purposes only: Tax Sidwell No. 08-25-200-008 PARCEL 2A (INGRESS AND EGRESS EASEMENT FOR THE BENEFIT OF PARCEL 2) Beginning 435.3 feet North from the center of section 25, Township 1 North, Range 1 West, Salt Lake Meridian; thence Northwesterly along the Northeast side of Columbus Street, which is along the arc of a curve having a radius of 2914.93 feet for a distance of 50 feet; thence North 46 0' East 38 feet, more or less to the intersection with the East line of the Northwest Quarter of said Section 25, thence South along said Section line 70 feet, more or less, to beginning. The following is shown for informational purposes only: Affects a portion of Tax Sidwell No. 08-25-126-014 133 SITE 38- HEBER CITY Beginning at a point on the South Line of Midway Lane 262.25 feet and East 101.11 feet from the Northeast Corner of the Northeast Corner of the Northwest Quarter of Section 6, Township 4 South, Range 5 East of the Salt Lake Base and Meridian; and running thence South 0(degrees)48' West 154.90 feet; thence South 89(degrees)12' East 140.30 feet, more or less to the West line of 600 West Street; thence along the Western Right of Way of 600 West South 0(degrees)54' West 181.50 feet; thence North 89(degrees)12' West 140.00 feet; thence North 0(degrees)48' East 8.40 feet; thence North 88(degrees)10' West 344.90 feet; thence North 0(degrees)48' East 347.6 feet to the South line of said Midway Lane; thence along said South line South 89(degrees)12' East 24.8 feet; thence continuing along said South line South 84(degrees)35'16" East 321.10 feet to the place of beginning. 134 SITE 44- PARK CITY PARCEL 1: BEGINNING at a point which is 1508.7 feet North and 1688.4 feet West from the Southeast Corner of Section 35, Township 1 South, Range 4 East, Salt Lake Base and Meridian, said point also being North 47(degrees)00'23" 594.6 feet from the North boundary line of Utah State Highway No. U.S. 40 and running thence North 43(degrees)58'30" West along a boundary of Utah Power and Light Company property 475 feet; thence North 46(degrees)01'30" East along a boundary of Utah Power and Light Company property 458.5 feet; thence South 43(degrees)58'30" East 475 feet; thence South 46(degrees)01'30" West to the point of BEGINNING. SUBJECT TO A 60 Foot easement and right of way along the Southeasterly border. TOGETHER WITH an easement over the following described property: BEGINNING on the Northeasterly boundary line of U.S. Highway No. 40 at a point 1103.2 feet North and 2123.3 feet West from the Southeast Corner of Section 35, Township 1 South, Range 4 East, Salt Lake Base and Meridian; thence North 47(degrees)00'23" East 594.6 feet; thence North 43(degrees)58'30" West 60 feet; thence South 47(degrees)00'23" West 600 feet, more or less, to the Northeasterly boundary line of said U.S. Highway No. 40; thence Southeasterly along a curve to the left 60 feet, more or less to the point of beginning. LESS and EXCEPTING that portion known as Atkinson Road as it may exist across said land, as described in Quit Claim Deed, recorded April 12, 1982, as entry No. 190297, in Book 216, at Page 826. Excepting therefrom any portion lying within State Road Commission of Utah property as described in Deed in Book 1 at Page 45 of Official Records. The following is shown for informational purposes only: Tax Parcel No. SS-65-3. 135 SITE 91- LELAND YARD LOT 1 BEING A PORTION OF PARCEL 1 BEGINNING at a point 25.88 feet East and 1520.47 feet North (based on the Utah State Coordinate System, Central Zone) from the West quarter corner of Section 25, Township 8 South, Range 2 East, Salt Lake Base and Meridian; and running thence North 75` 05' 48" East 430.26 feet along a fence; thence North 88` 21' 54" East 872.35 feet along the South side of concrete ditch; thence South 13` 31' 22" East 99.05 feet; thence South 37` 59' 15" East 1877.60 feet along the Southwesterly side of Del Monte Road; thence South 70` 43' 55" West 256.39 feet to the center of a concrete ditch; thence South 89' 07' 22" West 601.71 feet along a fence line; thence North 18' 32' 16" West 465.47 feet along a fence line to the center of a creek; thence North 88` 35' 38" West 151.97 feet along the center of a concrete ditch; thence North 60` 03' 43" West 205.43 feet along the center of a creek; thence North 62` 14' 28" West 120.07 feet along the center of a creek; thence North 62` 49' 47" West 118.39 feet along the center of a concrete ditch; thence North 66` 04' 36" West 74.10 feet along the center of a creek; thence South 86` 26' 53" West 50.30 feet along the center of a creek; thence South 36` 04' 25" West 126.01 feet along the center of a creek; thence South 58` 41' 22" West 74.26 feet along the center of a creek; thence South 43' 15' 07" West 155.78 feet along the center of a creek; thence South 61` 48' 59" West 114.63 feet along the center of a creek; thence South 89` 18' 57" West 55.35 feet along the center of a creek; thence North 12` 43' 40" West 115.89 feet along a fence on the Northeasterly side of Mill Road; thence North 18` 19' 47" West 325.45 feet along a fence on the Northeasterly side of Mill Road; thence North 21` 16' 51" West 790.35 feet along a fence on the Northeasterly side of Mill Road to the point of BEGINNING. LESS the following: COMMENCING at a point which is South 89` 31' 59" West 384.57 feet along the Section line and North 2633.30 feet from the South quarter corner of Section 25, Township 8 South, Range 2 East, Salt Lake Base and Meridian; thence South 89` 29' 34" West 619.14 feet along a fence line; thence North 18` 15' 00" West 463.67 feet; thence North 40` 22' 16" East 22.65 feet; thence South 83` 00' 00" East 50.50 feet; thence North 40` 13' 25" East 249.45 feet; thence North 30` 41' 35" West 137.57 feet; thence North 17` 17' 25" West 106.47 feet; thence North 49` 10' 31" West 139.36 feet; thence North 09` 33' 13" West 110.80 feet; thence North 12` 19' 30" West 222.68 feet; thence North 24` 05' 04" West 243.76 feet; thence North 70.59 feet; thence South 37` 52' 47" East 2395.40 feet along the Westerly boundary of a road; thence South 87` 34' 28" West 149.20 feet; thence South 27` 13' 06" West 18.71 feet; thence South 87` 12' 16" West 158.03 feet; thence North 22` 58' 45" West 179.98 feet; thence North 77` 29' 34" West 97.03 feet; thence North 25` 20' 17" West 185.00 feet to the point of BEGINNING. For Informational Purposes Only: Tax Parcel No. 25-026-0029. 136 LOT 2: COMMENCE at a point 25.88 feet East and 1520.47 feet North (based on the Utah State Coordinate System, Central Zone) from the West quarter corner of Section 25, Township 8 South, Range 2 East, Salt Lake Base and Meridian; and running thence North 75 degrees, 05 minutes, 48 seconds East 430.26 feet along a fence; thence North 88 degrees, 21 minutes, 54 seconds East 791.70 feet along the South side of a concrete ditch to the POINT OF BEGINNING of the property herein described, a point on the east side of said canal or concrete ditch where same turns South and crosses the north boundary of the property of which the property herein described is a portion; thence North 88 degrees, 21 minutes, 54 seconds East 80.65 feet; thence South 13 degrees, 31 minutes, 22 seconds East 99.05 feet; thence South 37 degrees, 59 minutes, 15 seconds East 1493.95 feet along the Southwesterly side of Del Monte Road; thence leaving said Del Monte Road and along the Northeasterly side of an access roadway North 68 degrees, 44 minutes, 00 seconds West 369.90 feet; thence leaving said access roadway and along the east side of the aforementioned canal or concrete ditch North 34 degrees, 18 minutes, 25 seconds West 31.00 feet; North 42 degrees, 54 minutes, 50 seconds West 51.50 feet; North 60 degrees, 52 minutes, 44 seconds West 72.85 feet; North 76 degrees, 06 minutes, 12 seconds West 77.04 feet; North 68 degrees, 35 minutes, 03 seconds West 41.94 feet; North 49 degrees, 26 minutes, 15 seconds West 33.83 feet; North 34 degrees, 09 minutes, 22 seconds West 47.12 feet; North 23 degrees, 56 minutes, 04 seconds West 28.71 feet; North 18 degrees, 29 minutes, 58 seconds West 103.72 feet; North 25 degrees, 55 minutes, 55 seconds West 29.59 feet; North 39 degrees, 33 minutes, 37 seconds West 41.98 feet; North 46 degrees, 23 minutes, 02 seconds West 97.04 feet; North 35 degrees, 05 minutes, 20 seconds West 36.29 feet; North 11 degrees, 18 minutes, 14 seconds West 29.29 feet; North 00 degrees, 44 minutes, 08 seconds East 15.85 feet; North 00 degrees, 32 minutes, 37 seconds East 76.84 feet; North 04 degrees, 35 minutes, 29 seconds West 20.56 feet; North 13 degrees, 38 minutes, 11 seconds West 20.74 feet; North 19 degrees, 04 minutes, 49 seconds West 121.92 feet; and North 23 degrees, 44 minutes, 32 seconds West 421.91 feet to the POINT OF BEGINNING. 137 LEASED PROPERTY: SITE 26- 1616 NORTH BECK STREET (HOT PLANT) (GEODYNE) Parcel 1: COMMENCING 2 rods South and 521.78 feet West from the Northeast corner of the Southeast quarter of the Southeast quarter of Section 23, Township 1 North, Range 1 West, Salt Lake and Meridian; and running thence South 45` 59' West 88 feet, more or less, to State Road; thence North 44` 01' West 25 feet; thence North 45` 59' East to a point due West from beginning; thence East to BEGINNING. For information purposes only: Tax Sidwell No. 08-23-482-002. Parcel 2: COMMENCING 2 rods South and 208 feet West from the Northeast corner of the Southeast quarter of the Southeast quarter of Section 23, Township 1 North, Range 1 West, Salt Lake and Meridian; and running thence West 50 feet; thence South 125 feet; thence East 50 feet; thence North 125 feet to BEGINNING. For information purposes only: Tax Sidwell No. 08-23-482-003. Parcel 3: COMMENCING 2 rods South and 133 feet West from the Northeast corner of the Southeast quarter of the Southeast quarter of Section 23, Township 1 North, Range 1 West, Salt Lake Meridian; and running thence West 25 feet; thence South 125 feet; thence East 25 feet; thence North 125 feet to COMMENCEMENT. For information purposes only: Tax Sidwell No. 08-23-482-004. Parcel 4: COMMENCING 2 rods West and 198.8 feet South from the Northeast corner of the Southeast quarter of the Southeast quarter of Section 23, Township 1 North, Range 1 West, Salt Lake Meridian; and running thence South 34.71 feet; thence South 45` 59' West 146.4 feet; thence North 44` 01' West 25 feet; thence North 45` 59' East 170.49 feet to COMMENCEMENT. ALSO: COMMENCING 2 rods West and 302.93 feet south from said Northeast corner and running thence South 141.56 feet; thence North 44` 01' West 101.96 feet; thence North 45` 59' East 98.23 feet to BEGINNING. For information purposes only: Tax Sidwell No. 08-23-481-006. Parcel 5: COMMENCING 2 rods South and 2 rods West from the Northeast corner of the Southeast quarter of the Southeast quarter of Section 23, Township 1 North, Range 1 West, Salt Lake Meridian; and running thence West 100 feet; thence South 125 feet; thence West 25 feet; thence North 125 feet; thence West 50 feet; thence South 125 feet; thence West 50 feet; thence North 125 feet; thence West 263.78 feet, more or less, to Mosby tract; thence South 45` 59' West 88 feet; thence North 44` 01' West 25 feet; thence North 45` 59' East 60 feet, more or less, to a point due West of the point of beginning; thence West to State Road; thence South 44` 01' East along said Road 879 138 feet; more or less, to a point which is South 0` 05' East 708.40 feet from the point of beginning; thence North 0` 05' West 234.91 feet; thence North 44` 01' West 101.96 feet; thence North 45` 59' East 98.23 feet; thence North 0` 05' West 69.4 feet; thence South 45` 59' West 146.4 feet; thence North 44` 01' West 25 feet; thence North 45` 59' East 170.49 feet; thence North 0` 05' West 165.8 feet to the point of BEGINNING. LESS AND EXCEPTING THEREFROM the following described parcel: BEGINNING at a point on the Northerly right of way line of Beck Street, said point being North along the Section line 598.87 feet and North 44` 01' West 23.75 feet from the Southwest corner of Section 24, Township 1 North, Range 1 West, Salt Lake Base and Meridian; said point also being in the center of Davis Street as created by that plat of Empire Addition; and running thence North along the center of said Davis Street 128.0 feet; thence South 45` 59' West 90 feet to the Northerly right of way line of Beck Street; thence along said Northerly line South 44` 01' East 91 feet to the point of BEGINNING. For information purposes only: Tax Sidwell No. 08-23-482-008. Parcel 6: BEGINNING at a point which is North along the Section line 598.87 feet and North 44` 01' West 23.75 feet and North along the center of Davis Street 128.0 feet from the Southwest corner of Section 24, Township 1 North, Range 1 West, Salt Lake Base and Meridian; and running thence North along the center of Davis Street 532.0 feet; to a point which is East 16.5 feet from the Northeast corner of Block 11, Empire Addition; thence South 44` 01' East 384 feet; thence South 45` 59' West 368.2 feet to the point of BEGINNING. LESS AND EXCEPTING THEREFROM that portion lying within the bounds of vacated Davis Street. For information purposes only: Tax Sidwell No. 08-24-300-015. Parcel 7: BEGINNING at the Southeast corner of the Northeast quarter of the Southeast quarter of Section 23, Township 1 North, Range 1 West, Salt Lake Base and Meridian; said point being North 0` 00' 18" East along the East line of said Section 23, 1294.44 feet from the Southeast corner of said Section 23; and running thence North 89` 41' 54" West along the South line of the Northeast quarter of the Southeast quarter of said Section 23, 653.49 feet to the East right of way line of U. S. Highway 91 (Beck Street); and running thence North 44` 00' 53" West along said East right of way line 260.32 feet; thence South 89` 41' 54" East 331.73 feet; thence North 0` 00' 18" East 112.65 feet; thence South 89` 41' 54" East 502.66 feet to the East line of said Section 23; thence South 0` 00' 18" West 298.90 feet to the point of BEGINNING. LESS AND EXCEPTING THEREFROM the following described parcel: BEGINNING at a point which is North along the Section line 1258.87 feet from the Southwest corner of Section 24, Township 1 North, Range 1 West, Salt Lake Base and Meridian; and running thence North along the Section line 335.0 feet, more or less; thence West 318.00 feet; thence South 44` 01' East 462.0 feet to the point of BEGINNING. For information purposes only: Tax Sidwell No. 08-23-427-004. 139 SITE 25 (FALCON RIDGE QUARRY) PARCEL 3A: 25A - AS SHOWN ON SURVEY Beginning 435.3 feet North from the center of Section 25, Township 1 North, Range 1 West, Salt Lake Base and Meridian; thence North 651.3 feet; thence North 50(degrees) West 115.5 feet more or less; thence South 63(degrees)56' West 324.1 feet more or less to Premium Oil Co., et al tract; the South 19(degrees)4' West 177.7 feet more or less to the relocated Easterly line of Victory Road; thence along the Easterly line of Victory Road the following 4 courses; South 49(degrees)42' East 94.0 feet more or less; thence South 43(degrees)59' East 200.0 feet; thence South 41(degrees)50' East 133.0 feet; thence Southeasterly along a 2,939.9 foot radius curve to the right 127.6 feet more or less to the point of beginning. The following is shown for informational purposes only: Tax Sidwell No. 08-25-126-014 PARCEL 3B (REFERRED TO AS THE "SINCLAIR OIL" PARCEL): Part of Reserve in Block 3, Warm Springs Subdivision (Vacated) described as: Beginning 74 rods North of the Center of Section 25, Township 1, North, Range 1 West, Salt Lake Base and Meridian; thence South 63(degrees) 56' West 5 rods; thence South 50(degrees) East 7 rods; thence North 7.6 rods to the point of beginning. The following is shown for informational purposes only: Tax Sidwell No. 08-25-126-013 140 SITE 30- BACCHUS PIT NO. 2 BEGINNING at a point on the quarter Section line, said point being South 89` 51' 35" East 788.03 feet from the West quarter corner of Section 22, Township 2 South, Range 2 West, Salt Lake Base and Meridian; and running thence North 0` 02' 46" West 696.65 feet; thence South 88` 07' 54" East 1615.85 feet to the Westerly right of way line of Utah State Highway No. 111; thence Southeasterly along said right of way along a 5654.70 foot radius curve to the right, chord bears South 18` 32' 22" East 948.85 feet, a distance of 949.97 feet to the quarter Section; thence along the quarter section line South 1` 16' 57" East 1089.10 feet to the 40 acre line; thence North 88` 43' 03" East 131.37 feet; thence Southerly along the Westerly right of way line of said Highway 111 along the arc of a 5654.70 foot radius curve to the right, chord bears South 4` 14' 37" West 1346.43 feet, a distance of 1349.63 feet to the South line of said Section 22; thence South 89` 59' 27" West along said South line 1.71 feet to the South quarter corner of said Section 22; thence North 89` 58' 58" West 1327.29 feet along said South line of Section 22; thence along a fence line the following (9) courses; North 1` 46' 39" West 658.66 feet; North 1` 29' West 103.54 feet; North 63` 58' East 52.77 feet; North 2` 43' 46" East 353.13 feet; North 1` 12' 22" West 577.42 feet; North 1` 32' 40" West 392.32 feet; North 1` 15' 18" West 197.46 feet; North 3` 07 18" West 200.05 feet; and North 3` 25' 28" West 178.25 feet to the quarter Section line; thence North 89` 51' 35" West 635.72 feet to the point of BEGINNING. LESS AND EXCEPTING therefrom the following described property owned by Utah Power & Light: COMMENCING South 60` 22' 25" West 3622.6 feet from the East quarter corner of Section 22, Township 2 South, Range 2 West, Salt Lake Base and Meridian; and running thence South 1` 13' 35" East 100 feet; thence South 88` 46' 25" West 100 feet; thence North 1` 13' 35" West 100 feet; thence North 88` 46' 25" East 100 feet to COMMENCEMENT. For Informational purposes only: Tax Sidwell No's. 20-22-151-001; 20-22-300-003; 20-22-400-004; and 20-22-400-006. 141 SITE 90- LEHI LEASE AREA Beginning at a point 239.72 feet and west 2415.97 feet from the center of Section 16, Township 5 South, Range 1 West, Salt Lake Base & Meridian; thence N. 33(degrees)11'28" E 50.00 feet; thence N. 56(degrees)11'13" W 206.65 feet; thence N. 88(degrees)52'32" W 87.21 feet; thence S 01(degrees)07'28" W 357.83 feet; thence S 89(degrees)07'32" E 410.32 feet; thence N 39(degrees)53'14" W 267.78 feet to the point of beginning. 50' EASEMENT Beginning at a point North 239.72 feet and West 2415.97 feet from the center of Section 16, Township 5 South, Range 1 West, Salt Lake Base & Meridian; thence S 57(degrees)04'08" E 360.60 feet; thence S 87(degrees)08'11" E 158.06 feet; thence N 85(degrees)32'08" E 646.15 feet; thence N 78(degrees)49'18"E 166.21 feet; thence N 64(degrees)02'29" E 195.78 feet; thence N 00(degrees)38'01" E 55.92 feet; thence S 64(degrees)02"29" W 220.81 feet; thence S 80(degrees)05'39" W 168.24 feet; thence S 85(degrees)32'08" W 622.21 feet; thence N 87(degrees)08'11" W 141.43 feet; thence N 57(degrees)04'08" W 346.94 feet; thence S 33(degrees)11'28" W 50.00 feet to the point of beginning. 55' EASEMENT Beginning at a point North 34.47 feet and West 2258.37 feet from the center of Section 16, Township 5 South, Range 1 West, Salt Lake Base & Meridian; thence N 89(degrees)07'32" W 68.62 feet; thence S 38(degrees)33'19" E 272.33 feet; thence S 33(degrees)57'04" E 65.54 feet; thence S 22(degrees)38'51" E 109.96 feet; thence S 01(degrees)41"56" E 52.31 feet; thence N 78(degrees)51'44" E 71.92 feet along the Northern Right of Way of State Road 73; thence N 21(degrees)18'39" W 52.61 feet; thence N 22(degrees)38'51" W 125.82 feet; thence N 33(degrees)57'04" W 72.92 feet; thence N 38(degrees)33'19" W 230.88 feet to the point of beginning The following is shown for informational purposes only: Tax Sidwell No. 58-033-0013. 142 SITE 177 -TOOELE Beginning at the North 1/4 corner Section 2 which is the true Point of Beginning, Township 5 South, range 5 west, Salt Lake Base and Meridian; Thence S 88(degrees)46'22" E 2635.61 feet along the North Section line to the Northeast corner of said Section; Thence S 00(degrees)30'11" E 2661.67 feet along the Section line to the east 1/4; Thence S 00(degrees)06'29" E 2638.45 feet along the Section line to the Southeast corner; Thence N 89(degrees)44'17" W 2649.28 feet along the Section line to the South 1/4; Thence N 89(degrees)44'18" W 2649.28 feet along the Section line to the Southwest corner; Thence N 01(degrees)13'39" E 2604.59 feet along the Section line to the west 1/4; Thence N 89(degrees)53'17" E 1293.27 feet along the quarter Section line to the Southwest corner of the Southeast quarter of the Northwest quarter; Thence N 00(degrees)26'56" E 2755.34 feet along the 1/16 Section line to the Northwest corner of the Northeast quarter of the Northwest quarter; Thence S 88(degrees)39'45" E 1264.84 feet along the Section line to the Point of Beginning. 143 SCHEDULE 4.6.1(c) ZONING; NON-CONFORMING USE SITE 26- 1616 NORTH BECK STREET (GEODYNE HOT PLANT) Site is in a M1 zone in Salt Lake City. The asphalt plant operation is a non-conforming use in this zone. Asphalt plants are not a permitted use in this zone and are only permitted uses in the EI zone. Further, the aggregate stockpiles that exist at this tract are non-conforming in that they do not have a conditional use approval. Aggregates stockpiles are only allowed in the M1 zone by conditional use approval. The status is that because of the long standing asphalt operation and stockpile existence, at least back to 1985, which is the date of the earliest air permit found, the use is grand-fathered. SITE 25- N. VICTORY ROAD (FALCON RIDGE QUARRY) Site is split between an EI extractive industries zone and OS open space zone in Salt Lake City. Quarrying and all associated activities are permitted uses in an EI zone but are not permitted in the OS zone. No actual mining activities are occurring in the OS zone other than some minor exploration and water line pipes. However, the OS zone does currently curtail expansion of the mining activity on the site. SITE 44- PARK CITY Ready mix operations are a grand-fathered use in Summit County pursuant to the development code that was adopted by Summit County in 1996. A rezoning request for new applications and for building permits is required in this development zone area. 144 SCHEDULE 4.6.1(c)(B) OTHER NON-CONFORMING USES None, except as disclosed on SCHEDULE 4.6.1(c). 145 SCHEDULE 4.6.1(d) CONDEMNATION AND EMINENT DOMAIN PROCEEDINGS NONE 146 SCHEDULE 4.6.1(g) SPECIAL TAXES; PLANNED IMPROVEMENTS; NOTICES SITE 90- LEHI 1. The terms and provisions of the "Farmland Assessment Act of 1969" in Title 59, Chapter 2, Part 5 of the Utah Code, and amendments thereto, disclosed by that certain Application for Taxation of Agricultural Land, dated August 31, 1994, and recorded November 3, 1994, as Entry No. 84870, in Book 3562, at page 21, of Official Records, which, in part, provides for the right of Utah County to reassess said property for previous years and the collection of additional taxes resulting from any such reassessment. SITE 30- BACCHUS PIT NO. 2 1. The terms and provisions of the "Farmland Assessment Act of 1969" in Title 59, Chapter 2, Part 5 of the Utah Code, and amendments thereof, disclosed by that certain Application for Taxation of Agricultural Land, recorded December 6, 1976, as Entry No. 2883805, in Book 4422, at page 1060, of Official Records, which, in part, provides for the right of Salt Lake County to reassess said property for previous years and the collection of additional taxes resulting from any such reassessments. 2. Any special assessments due or to become due for Salt Lake County Service Area No. 1, as disclosed by that certain Resolution recorded December 30, 1993, as Entry No. 5699874, in Book 6841, at page 1030, of Official Records. SITE 32- 1730 BECK STREET NONE SITE 47- POINT OF THE MOUNTAIN NONE SITE 26- 1616 NORTH BECK STREET NONE SITE 44- PARK CITY NONE SITE 38- HEBER CITY NONE SITE 25- FALCON RIDGE QUARRY NONE 147 SITE 91- LELAND YARD NONE 148 SCHEDULE 4.6.1(h) STRIPS AND GORES AFFECTING THE PROPERTY; ABSENCE OF ACCESS RIGHTS HEBER CITY Any rights, interests, or claims which may exist or arise by reason of the following fact(s) shown on a survey plat entitled "Utah Gravel, Heber City, Utah", dated March 28, 2001, prepared by International Land Services, Inc., Bradley D. Daley LS No. 259684. a. Deed overlap with adjoining property b. Variation of fence lines from deed lines c. Deed encroachment along the southerly property line. BACCHUS #2 Any rights, interests, or claims which may exist or arise by reason of the following fact(s) shown on a survey plat entitled "Utah Gravel, Magna, Utah", dated March 28, 2001, prepared by International Land Services, Inc., Bradley D. Daley LS No. 259684: a. Variation of fencelines from the deed lines. PARK CITY Any rights, interests, or claims which may exist or arise by reason of the following fact(s) shown on a survey plat entitled "Utah Gravel, Park City, Utah", dated March 28, 2001, prepared by International Land Services, Inc., Bradley D. Daley LS No. 259684: e. Variation of fence lines from deed lines. f. Encroachment of fence into Atkinson Road g. Encroachment of improvements onto the easement of Salt Lake Pipeline Company h. Encroachment of improvements across the northwesterly property line. LELAND Any rights, interests, or claims which may exist or arise by reason of the following fact(s) shown on a survey plat entitled "Utah Gravel, Spanish Fork, UT" dated March 28, 2001 prepared by International Land Services, Inc., Bradley D. Daley LS No. 259684: a. Deed encroachments and gaps along southerly line of property. b. Variation of fence lines from deed line and deed gap along northerly line of property. c. Concrete pad encroachment into road right-of-way on easterly line of property. d. Pursuant to title policy pro forma survey description varies from title description. FALCON RIDGE QUARRY Any rights, interests, or claims which may exist or arise by reason of the following facts(s) shown on a survey plat entitled "Utah Gravel, Salt Lake City, UT "dated March 28, 2001 prepared by International Land Services, Inc., Bradley D. Daley LS No. 259684: a. Fence line encroachment along the Northwesterly portion of Parcel 3A. b. Encroachments of improvements in the setback area. 149 POINT OF THE MOUNTAIN Any rights, interests, or claims which may exist or arise by reason of the following facts(s) shown on a survey plat entitled "Draper, Point of the Mountain" dated March 28, 2001 prepared by International Land Services, Inc., Bradley D. Daley LS No. 259684: c. Encroachment of improvements onto the abutting property along the southerly boundary. d. Third party rights of ingress and egress based on the location of driveway improvements. 150 SCHEDULE 4.6.1(j) WATER RIGHTS SITE 32- 1730 NORTH BECK STREET QUARRY Sellers' rights under that certain Underground Water Rights Claim No. 15292 dated April 20, 1936 and as described in that certain Certificate of Beneficial Use No. 57-8702 (A59401) from the State of Utah. SITE 47- POINT OF THE MOUNTAIN (READY MIX ONLY) Sellers' rights under that Certificate of Beneficial Use, Water Right No. 57-8363 (A39479a) - State of Utah. SITE 44- PARK CITY (READY MIX ONLY) The Sellers' water rights as set forth in Water Claim No. 1697 35-7483. 151 SCHEDULE 4.6.1(k) OWNED QUARRY PROPERTY Partial assignment of the Royalty and Consulting Agreement dated as of February 18, 1998 by and among G. Elaine Rolfe, Kim V. Rolfe, Kerry D. Rolfe, Kurt E. Rolfe and Kelley l. Dawson and Rolfe Development, LLC as their assignee and Falcon Ridge Construction (predecessor in interest to Geodyne Beck Rock Products, Inc.) (as to the 18 acres only). Push and Blast Oral Agreement with Rolfes only to the extent of the following teerms: (i) the Rolfes blast from the 30 acre parcel and push the blasted ore to the crusher; (ii) once the ore is crushed, the Rolfes are to be paid $0.85 a ton; and (iii) Parson assumes responsibility for payment with respect to ore that has been pushed and blasted but not crushed as of the Closing Date. Liability for all other terms and conditions of said oral agreement remain with Seller. 152 SCHEDULE 4.6.1.1 EXCEPTIONS TO ASSETS IN GOOD CONDITION Beck Street Dam 153 SCHEDULE 4.6.1.4 BREACH OF OPERATIONS NONE 154 SCHEDULE 4.6.1.5 REQUIRED CONSENTS TO ASSIGNMENT OF PROPERTY LEASES SITE 26- 1616 NORTH BECK STREET (HOT PLANT) The prior written consent of A.C. Financial is required to assign the Commercial Lease Agreement dated as of February 20, 1998, by and among A.C. Financial (as landlord), Geodyne Transport, Inc. (as tenant) and Western Aggregates Holding Corp. (as guarantor). SITE 25A- 1080 N. VICTORY ROAD (FALCON RIDGE QUARRY) The prior written consent Sinclair Oil Corporation is required to assign the Lease dated as of August 18, 2000, by and between Sinclair Oil Corporation (as landlord) and Geodyne Transport, Inc. (as tenant). SITE 177- TOOELE The prior written consent of the State of Utah School and Institutional Trust Lands Administration must be obtained to assign the Ordinary Sand and Gravel Permit between Western Aggregates, Inc. (as permittee) and the State of Utah School and Institutional Trust Lands Administration (as permitter) dated June 16, 2000. 155 SCHEDULE 4.6.1.6 VIOLATION OF LAW SITE 38 HEBER CITY TWO OUT BUILDINGS HAVE NEVER RECEIVED FINAL CERTIFICATES OF OCCUPANCIES AND THEIR BUILDING PERMITS HAVE ACTUALLY EXPIRED. VIOLATION IS IN THE PROCESS OF BEING CORRECTED AT THE EXPENSE OF THE SELLER. SITE 25- N. VICTORY ROAD (FALCON RIDGE QUARRY) 1. There were two stop work orders for the activity in the OS zone that were issued by The Planning Staff of Salt Lake City in December 1999. Some reseeding and re-vegetation are still to be done. No mining activity has actually occurred in this OS zone 2. There is no notice of intent for this site that has been approved by the Division of Oil, Gas and Mining (DOGM) (i.e. no "large mine permit") SITE 32- 1730 BECK STREET There is no notice of intent for this site that has been approved by the Division of Oil, Gas and Mining (DOGM) (i.e. no "large mine permit") 156 SCHEDULE 4.6.1.7 ASSETS OUTSIDE OF THE STATE OF UTAH Monroc maintains certain assets outside the State of Utah. 157 SCHEDULE 4.6.2(a) LIENS ON PERSONAL PROPERTY NONE 158 SCHEDULE 4.6.2(b) CONDITION OF PERSONAL PROPERTY NONE 159 SCHEDULE 4.8.2 EMPLOYEE BENEFIT PLANS PENSION PLANS 1. Retirement Teamsters Trust Fund - Local 222 2. Retirement Operating Engineers Trust Fund - Local 3 WELFARE PLANS 1. USAI Dental Plan 2. USAI Prescription Plan - PCS 3. Voluntary Life Credit Union - Local 222 4. Voluntary Life Credit Union - Local 3 5. Voluntary Life Reliance Standard 6. Group Life Reliance Standard 7. Group Life Operating Engineers Trust Fund 8. Prescription Plan - Operating Engineers Trust Fund 9. Dental Plan - Operating Engineers Trust Fund 10. Group Medical Plan - Operating Engineers Trust Fund 11. Group Life Teamsters Trust Fund 12. Prescription Plan - Teamsters Trust Fund 13. Dental Plan - Teamsters Trust Fund 14. Group Medical Plan - Teamsters Trust Fund 15. STD Reliance Standard Trust Fund 16. STD Operating Engineers Trust Fund 17. STD Teamsters Trust Fund 18. LTD Reliance Standard OTHER PLANS 1. USAI 401(K) Plan 2. Monroc Employee Stock Option Plan 160 SCHEDULE 4.8.2(b) OBLIGATIONS TO CONTRIBUTE TO MULTI-EMPLOYER PLANS PENSION PLANS 1. Retirement Teamsters Trust Fund - Local 222 2. Retirement Operating Engineers Trust Fund - Local 3 WELFARE PLANS 1. Voluntary Life Credit Union - Local 222 2. Voluntary Life Credit Union - Local 3 3. Group Life Operating Engineers Trust Fund- Local 3 4. Prescription Plan - Operating Engineers Trust Fund- Local 3 5. Dental Plan - Operating Engineers Trust Fund- Local 3 6. Group Medical Plan - Operating Engineers Trust Fund- Local 3 7. Group Life Teamsters Trust Fund- Local 222 8. Prescription Plan - Teamsters Trust Fund- Local 222 9. Dental Plan - Teamsters Trust Fund- Local 222 10. Group Medical Plan - Teamsters Trust Fund- Local 222 11. STD Operating Engineers Trust Fund- Local 3 12. STD Teamsters Trust Fund- Local 222 161 SCHEDULE 4.8.2(c) OBLIGATIONS TO CONTRIBUTE TO PENSION PLANS PENSION PLANS 1. Retirement Teamsters Trust Fund - Local 222 2. Retirement Operating Engineers Trust Fund - Local 3 162 SCHEDULE 4.8.6 RESIGNATIONS The following employees will be offered continued positions with the Sellers: EMPLOYEE NAME EMPLOYER POSITION -------------------------------------------------------------------------------- Rex Benion Valley Materials Operating Engineer -------------------------------------------------------------------------------- John Brereton Valley Materials Operating Engineer -------------------------------------------------------------------------------- Justin Cozad Geodyne Quarry Manager -------------------------------------------------------------------------------- Clark Vielstich Geodyne Loader/Operator -------------------------------------------------------------------------------- George Freestone Geodyne Crusher/Operator -------------------------------------------------------------------------------- Kenneth Durham Geodyne Loader/Operator -------------------------------------------------------------------------------- William Darr Geodyne Crusher Maintenance -------------------------------------------------------------------------------- Stacey Freeze Geodyne Weigh Master -------------------------------------------------------------------------------- Deborah Snow Geodyne Weigh Master -------------------------------------------------------------------------------- The Sellers do not anticipate that most of these employees will accept such employment. 163 SCHEDULE 4.8.7 COLLECTIVE BARGAINING AGREEMENTS 1. Ready Mix Sand and Gravel Agreement between Monroc, Inc and Teamsters, Chauffeurs, Warehousemen and Helpers Local 222 dated August 4, 1998. 2. Contract #57736-44 between Monroc, Inc. and Operating Engineers No. 3 the International Union of Operating Engineers, AFL-CIO dated September 21, 1998. 3. Agreement between Valley Asphalt, Inc. and the Operating Engineers Local Union No. 3, International Union of Operating Engineers, AFL-CIO dated July 16, 1999. 164 SCHEDULE 4.8.7(b) LABOR GRIEVANCES NONE 165 SCHEDULE 4.9.1 EMPLOYEE COMPENSATION See attached Employee Lists. 166 ATTACHMENT TO SCHEDULE 4.9.1 - EMPLOYEE COMPENSATION 167 GEODYNE BECK ROCK PRODUCTS, CORP. -------------------------------------------------------------------------------- SALARY/ JOB UNION HOURLY HIRE NAME TITLE LOCATION STATUS RATE DATE -------------------------------------------------------------------------------- * Crusher Falcon Ridge Non-Union * 6/9/00 -------------------------------------------------------------------------------- * Crusher Falcon Ridge Non-Union * 2/22/99 -------------------------------------------------------------------------------- * Crusher Falcon Ridge Non-Union * 3/8/99 -------------------------------------------------------------------------------- * Crusher Falcon Ridge Non-Union * 5/4/98 -------------------------------------------------------------------------------- * Crusher Falcon Ridge Non-Union * 12/20/99 -------------------------------------------------------------------------------- * Crusher Falcon Ridge Non-Union * 5/19/00 -------------------------------------------------------------------------------- * Crusher Falcon Ridge Non-Union * 10/25/99 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- * Asphalt Beck Street Non-Union * 3/2/98 -------------------------------------------------------------------------------- * Asphalt Beck Street Non-Union * 8/10/92 -------------------------------------------------------------------------------- ----------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 168 EAGLE VALLEY MATERIALS -------------------------------------------------------------------------------- SALARY/ JOB UNION HOURLY HIRE NAME TITLE LOCATION STATUS RATE DATE -------------------------------------------------------------------------------- * Driver Lehi Non-Union * 2/4/91 -------------------------------------------------------------------------------- * Driver Lehi Non-Union * 11/5/00 -------------------------------------------------------------------------------- * Driver Lehi Non-Union * 4/5/99 -------------------------------------------------------------------------------- * Driver Lehi Non-Union * 7/6/00 -------------------------------------------------------------------------------- * Driver Lehi Non-Union * 10/17/00 -------------------------------------------------------------------------------- * Driver Lehi Non-Union * 8/14/00 -------------------------------------------------------------------------------- * Driver Lehi Non-Union * 8/8/00 -------------------------------------------------------------------------------- * Driver Lehi Non-Union * 5/10/99 -------------------------------------------------------------------------------- * Driver Lehi Non-Union * 8/1/00 -------------------------------------------------------------------------------- * Driver Lehi Non-Union * 11/1/00 -------------------------------------------------------------------------------- * Driver Lehi Non-Union * 10/27/00 -------------------------------------------------------------------------------- * Driver Lehi Non-Union * 11/22/00 -------------------------------------------------------------------------------- * Driver Lehi Non-Union * 7/23/99 -------------------------------------------------------------------------------- * yard Lehi Non-Union * 4/27/93 -------------------------------------------------------------------------------- ----------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 169 MONROC INC -------------------------------------------------------------------------------- SALARY/ JOB UNION HOURLY HIRE NAME TITLE LOCATION STATUS RATE DATE -------------------------------------------------------------------------------- * Loader Oper Park City Union 5/15/89 -------------------------------------------------------------------------------- * Driver Park City Union 6/3/91 -------------------------------------------------------------------------------- * Driver Park City Union 8/27/80 -------------------------------------------------------------------------------- * Mechanic Park City Union 3/18/91 -------------------------------------------------------------------------------- * Driver Park City Union 6/8/95 -------------------------------------------------------------------------------- * Plant Oper Heber City Union 5/23/94 -------------------------------------------------------------------------------- * Driver Park City Union 6/3/98 -------------------------------------------------------------------------------- * Driver Park City Union 5/18/99 -------------------------------------------------------------------------------- * Driver Heber City Union 4/30/99 -------------------------------------------------------------------------------- * Driver Park City Union 8/15/00 -------------------------------------------------------------------------------- * Driver Park City Union 6/24/99 ------------------------------------------------------------------------------- * Driver Heber City Union 10/17/78 -------------------------------------------------------------------------------- * Driver Park City Union 6/3/98 -------------------------------------------------------------------------------- * Driver Heber City Union 11/10/99 -------------------------------------------------------------------------------- * Mechanic Park City Union 12/4/98 -------------------------------------------------------------------------------- * Driver Park City Union 10/24/78 -------------------------------------------------------------------------------- * Driver Park City Union 9/8/83 -------------------------------------------------------------------------------- * R/M Supervisor Park City Non-Union * 6/28/99 -------------------------------------------------------------------------------- * Driver Park City Union 9/20/79 -------------------------------------------------------------------------------- * Driver Park City Union 2/14/00 -------------------------------------------------------------------------------- * Driver Park City Union 4/6/99 -------------------------------------------------------------------------------- * Loader Oper Park City Union 6/15/89 -------------------------------------------------------------------------------- * Driver Park City Union 10/31/77 -------------------------------------------------------------------------------- * Driver Park City Union 9/23/93 -------------------------------------------------------------------------------- * Driver Heber City Union 9/20/00 -------------------------------------------------------------------------------- * Driver Park City Union 4/30/98 -------------------------------------------------------------------------------- * Driver Park City Union 3/12/81 -------------------------------------------------------------------------------- * Driver Heber City Union 6/16/80 -------------------------------------------------------------------------------- * Mechanic Park City Union 7/1/92 -------------------------------------------------------------------------------- * Driver Park City Union 5/6/81 -------------------------------------------------------------------------------- * Plant Oper Park City Union 9/23/77 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- * Mechanic SL Shop Union 5/30/00 -------------------------------------------------------------------------------- * Supv SL Shop Union 5/9/73 -------------------------------------------------------------------------------- * Mechanic SL Shop Union 10/25/99 -------------------------------------------------------------------------------- * Greaser/Tireman SL Shop Union 4/24/75 -------------------------------------------------------------------------------- * Mechanic SL Shop Union 10/11/75 -------------------------------------------------------------------------------- * Mechanic SL Shop Union 6/1/99 -------------------------------------------------------------------------------- * Driver Pt of Mtn Union 5/7/96 -------------------------------------------------------------------------------- ----------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 170 -------------------------------------------------------------------------------- * Loader Oper Pt of Mtn Union 7/8/96 -------------------------------------------------------------------------------- * Driver Pt of Mtn Union 3/29/94 -------------------------------------------------------------------------------- * Driver Pt of Mtn Union 7/16/99 -------------------------------------------------------------------------------- * Driver Pt of Mtn Union 8/25/97 -------------------------------------------------------------------------------- * Loader Oper Pt of Mtn Union 9/12/00 -------------------------------------------------------------------------------- * Pit Oper Pt of Mtn Union 7/29/98 -------------------------------------------------------------------------------- * Driver Pt of Mtn Union 4/31/00 -------------------------------------------------------------------------------- * Driver Pt of Mtn Union 7/13/98 -------------------------------------------------------------------------------- * Driver Pt of Mtn Union 6/20/00 -------------------------------------------------------------------------------- * Driver Pt of Mtn Union 11/30/99 -------------------------------------------------------------------------------- * Driver Pt of Mtn Union 6/10/95 -------------------------------------------------------------------------------- * Driver Pt of Mtn Union 6/30/99 -------------------------------------------------------------------------------- * Driver Pt of Mtn Union 4/12/99 -------------------------------------------------------------------------------- * Pit Oper Pt of Mtn Union 1/5/98 -------------------------------------------------------------------------------- * Driver Pt of Mtn Union 6/15/98 -------------------------------------------------------------------------------- * Driver Beck Pit Union 6/14/89 -------------------------------------------------------------------------------- * Driver Beck Pit Union 7/21/98 -------------------------------------------------------------------------------- * Pit Oper Beck Pit Union 6/15/00 -------------------------------------------------------------------------------- * Driver Beck Pit Union 3/22/99 -------------------------------------------------------------------------------- * Driver Beck Pit Union 6/15/98 -------------------------------------------------------------------------------- * Salary - Supv Beck Pit Non-Union * 4/10/63 -------------------------------------------------------------------------------- * Driver Beck Pit Union 6/1/79 -------------------------------------------------------------------------------- * Driver Beck Pit Union 1/28/00 -------------------------------------------------------------------------------- * Loader Oper Beck Pit Union 10/4/65 -------------------------------------------------------------------------------- * Dispatcher/Clerk Beck Pit Union 5/9/83 -------------------------------------------------------------------------------- * Driver Beck Pit Union 7/28/90 -------------------------------------------------------------------------------- * Driver Beck Pit Union 4/12/99 -------------------------------------------------------------------------------- * Driver Beck Pit Union 6/29/00 -------------------------------------------------------------------------------- * R/M Supervisor Beck Pit Non-Union * 7/1/96 -------------------------------------------------------------------------------- * Driver Beck Pit Union 7/1/98 -------------------------------------------------------------------------------- * Driver Beck Pit Union 5/11/94 -------------------------------------------------------------------------------- * Driver Beck Pit Union 9/1/71 -------------------------------------------------------------------------------- * Driver Beck Pit Union 7/17/95 -------------------------------------------------------------------------------- * Bulker Driver (Cement) Utah Union 3/20/67 -------------------------------------------------------------------------------- * Driver Beck Pit Union 7/29/99 -------------------------------------------------------------------------------- * Pit Oper Beck Pit Union 2/23/98 -------------------------------------------------------------------------------- No Bacchus Plant Employees at this time -------------------------------------------------------------------------------- * Salesman Park City Non-Union * 3/29/96 -------------------------------------------------------------------------------- * Salesman Heber Non-Union * 4/23/99 -------------------------------------------------------------------------------- * Mgr - Sales Corp Ofc Non-Union * 5/5/00 -------------------------------------------------------------------------------- ----------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 171 -------------------------------------------------------------------------------- * Dispatch Manager Corp Ofc Non-Union * 1/5/98 -------------------------------------------------------------------------------- * Dispatch Corp Ofc Non-Union * 3/18/00 -------------------------------------------------------------------------------- * Dispatch Corp Ofc Non-Union * 7/23/97 -------------------------------------------------------------------------------- * Receptionist Corp Ofc Non-Union * 3/14/00 -------------------------------------------------------------------------------- * Admin Asst Corp Ofc Non-Union * 9/21/00 -------------------------------------------------------------------------------- * Salesman Corp Ofc Non-Union * 8/22/63 -------------------------------------------------------------------------------- ----------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 172 VALLEY ASPHALT, INC. -------------------------------------------------------------------------------- SALARY/ JOB UNION HOURLY HIRE NAME TITLE LOCATION STATUS RATE DATE -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 8/18/99 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 4/18/96 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 6/2/98 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 8/3/98 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 7/16/96 -------------------------------------------------------------------------------- * Manager Spanish Fork Non-Union * 10/1/00 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 7/19/80 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 5/8/96 -------------------------------------------------------------------------------- * Manager Spanish Fork Non-Union * 5/15/97 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 5/5/99 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 5/2/00 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 1/19/96 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 7/27/98 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 5/10/00 ------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 2/10/98 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 11/8/96 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 2/16/00 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 4/11/96 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 6/13/97 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 6/7/99 -------------------------------------------------------------------------------- ----------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 173 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 2/16/98 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 3/24/95 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 7/2/99 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 2/28/95 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 6/24/99 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 6/3/00 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 4/10/00 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 7/6/99 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 8/14/95 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 4/19/99 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 12/2/98 -------------------------------------------------------------------------------- * Manager Spanish Fork Non-Union * 1/1/82 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 3/12/98 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 11/30/98 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 7/23/98 -------------------------------------------------------------------------------- * Driver Spanish Fork Non-Union * 11/8/96 -------------------------------------------------------------------------------- ----------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 174 SCHEDULE 4.10.1 MATERIAL CONTRACTS 1. Those Contracts to be assumed by Staker and Parson listed on SCHEDULE 1.1(e)(i) and SCHEDULE 1.1(e)(ii). 2. Those property leases to be assumed by Staker and Parson listed on SCHEDULE 1.4(b)(i) and SCHEDULE 1.4(b)(ii). 3. Those Contracts listed on SCHEDULE 4.8.7. 175 SCHEDULE 4.11.1 HAZARDOUS MATERIALS Any items listed in the Environmental Site Assessments prepared by RETECH are incorporated herein by reference including the following: POINT OF THE MOUNTAIN Electrical equipment on the property, such as transformers, capacitors and ballasts manufactured before 1979 and hydraulic fluids and other lubricants may contain PCBs. Minor soil stainage due to improper spillage containment in the waste storage area. 1730 BECK STREET Some stained soil at the site. One transformer with a sticker indicating that it contains PCBs. Some contamination discovered under workshop following permitted removal of UST. Monitoring wells installed in connection with minor fuel spill. PARK CITY Some stained soil. HEBER CITY Some stained soil. BACCHUS PIT #2 None LEHI None LELAND YARD Some minor soil staining. Some AST's without secondary containment structures. Some motor oil and waste oil containers without containment structures and uncontrolled shop drain discharges. FALCON RIDGE QUARRY 176 Minor soil staining. GEODYNE HOT PLANT Minor soil staining. Transformers on the site possibly containing PCBs. 177 SCHEDULE 4.11.2 ENVIRONMENTAL REQUIREMENTS See SCHEDULES 4.5.3, 4.6.1.6, 4.11.1, 4.11.3, 4.11.4, 4.13 178 SCHEDULE 4.11.3 NOTICE OF VIOLATIONS Any items listed in the Environmental Site Assessments prepared by RETECH and the following notices, all of which have been resolved without any liability to the Buyers: SITE 26- 1616 NORTH BECK STREET (GEODYNE HOT PLANT) DAQC-1495-2000 Notice of Violation and Order for Compliance dated 11/13/00. SITE 32- 1730 BECK STREET 1. DAQC 607-2000 Notice of Violation (fugitive dust) dated 5/15/00. 2. See attached list of MSHA mine violations. SITE 47 POINT OF THE MOUNTAIN DAQC 1078-97 Notice of Violation and Order for Compliance (State of Utah Department of Environmental Quality, Division of Air Quality) Utah Air Quality Board Notice of Violation and Order for Compliance No. 97070038 dated August 7, 1997 January 7, 1998 letter from Monroc to Utah Air Quality Board concerning the basis for civil penalty resulting from Notice of Violation DAQC 841-2000 Notice of Violation dated 6/26/00. 7/11/97 Notice of Violation related to emissions observations. DAQC-2084-96 Revised Settlement Agreement dated December 10, 1996 to resolve air violations dated August 25, 1996 and October 1, 1996. SITE 25 FALCON RIDGE QUARRY See attached list of MSHA mine violations. 179 Attachments to Schedule 4.11.3 - Notice of Violations 180 MINE VIOLATIONS Mine ID: 4200410 Mine Name: NSL PIT Operator: MONROC INC Ownership Date: 1/1/95 Parent Company: US AGGREGATE INC Status Date: 3/15/99 Mine Status: Active Type of Mine: Strip/Open Pit Mined Material: Construction Sand & Gravel Mining, N.E.C. State: UT From: 03-22-1996 to 3/22/01 Assessment data is not yet complete prior to 10/1/1994. These, and violations not yet assessed, are marked by n/a. Standards may contain leading zeros after the port, e.g. 75.00321 relates to 30 CFR 75.321 CITATIONS AND ORDERS Mine ID: 4200410 Operator: MONROC INC.
----------------------------------------------------------------------------------------------------------------------------------- Contractor Citation/ Date Type of Citation/ S S S Standard Proposed Current/Final Amount Paid ID Order No. Issued Action Order Penalty ($) Penalty ($) to Date ($) ----------------------------------------------------------------------------------------------------------------------------------- 7909420 3/10/00 104A C N 56.13015A 55.00 55.00 55.00 ----------------------------------------------------------------------------------------------------------------------------------- 7909418 3/9/00 104A C N 56.14132A 55.00 55.00 55.00 ----------------------------------------------------------------------------------------------------------------------------------- 7909419 3/9/00 104A C Y 56.14132A 294.00 294.00 294.00 ----------------------------------------------------------------------------------------------------------------------------------- YPJ 7909421 3/9/00 104A C N 56.14132A 55.00 55.00 55.00 ----------------------------------------------------------------------------------------------------------------------------------- YPJ 7909422 3/9/00 104A C N 56.14103 55.00 55.00 55.00 ----------------------------------------------------------------------------------------------------------------------------------- 7908239 3/12/99 104A C N 56.14132A 55.00 55.00 55.00 ----------------------------------------------------------------------------------------------------------------------------------- 7908240 3/12/99 104A C N 56.14107A 55.00 55.00 55.00 ----------------------------------------------------------------------------------------------------------------------------------- 7908233 3/11/99 104A C Y 56.12016 224.00 224.00 224.00 ----------------------------------------------------------------------------------------------------------------------------------- 7908234 3/11/99 104A C N 56.14132A 55.00 55.00 55.00 ----------------------------------------------------------------------------------------------------------------------------------- 7908235 3/11/99 104A C Y 56.03131 207.00 207.00 207.00 ----------------------------------------------------------------------------------------------------------------------------------- 7906236 3/11/99 104A C Y 56.14107A 184.00 184.00 184.00 ----------------------------------------------------------------------------------------------------------------------------------- 7906237 3/11/99 104A C Y 56.14107A 184.00 184.00 184.00 ----------------------------------------------------------------------------------------------------------------------------------- 7906238 3/11/99 104A C N 56.14132A 55.00 55.00 55.00 ----------------------------------------------------------------------------------------------------------------------------------- 7907634 8/12/98 104A C Y 56.11001 140.00 140.00 140.00 ----------------------------------------------------------------------------------------------------------------------------------- 7907827 8/11/98 104A C Y 56.14130G 140.00 140.00 140.00 ----------------------------------------------------------------------------------------------------------------------------------- 7907828 8/11/98 104A C N 56.12032 55.00 55.00 55.00 ----------------------------------------------------------------------------------------------------------------------------------- 7907829 8/11/98 104A C Y 56.20003A 83.00 83.00 83.00 ----------------------------------------------------------------------------------------------------------------------------------- 7907830 8/11/98 104A C Y 56.18002A 140.00 140.00 140.00 ----------------------------------------------------------------------------------------------------------------------------------- 7907831 8/11/96 104A C N 56.16005 55.00 55.00 55.00 ----------------------------------------------------------------------------------------------------------------------------------- 7907832 8/11/98 104A C N 56.14107A 55.00 55.00 55.00 ----------------------------------------------------------------------------------------------------------------------------------- 7907833 8/11/98 104A C N 56.14107A 55.00 55.00 55.00 -----------------------------------------------------------------------------------------------------------------------------------
181 MINE VIOLATIONS Mine ID: 4201874 Mine Name: FALCON RIDGE QUARRY Operator: GEODYNE BECK ROCK PRODUCTS Ownership Date: 2/20/98 Parent Company: US AGGREGATE INC Status Date: 4/8/98 Mine Status: Active Type of Mine: Strip/Open Pit Mined Material: Construction Sand & Gravel Mining, N.E.C. State: UT From: 03-22-1996 to 3/27/01 Assessment data is not yet complete prior to 10/1/1994. These, and violations not yet assessed, are marked by n/a. Standards may contain leading zeros after the port, e.g. 75.00321 relates to 30 CFR 75.321 CITATIONS AND ORDERS Mine ID: 4201874 Operator: GEODYNE BECK ROCK PRODUCTS
----------------------------------------------------------------------------------------------------------------------------------- Contractor Citation/ Date Type of Citation/ S S S Standard Proposed Current/Final Amount Paid ID Order No. Issued Action Order Penalty ($) Penalty ($) to Date ($) ----------------------------------------------------------------------------------------------------------------------------------- 7909926 8/15/00 104A C N 50.30000A 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ 7909323 7/5/00 104A C Y 56.05001A 0.00 0.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 7906980 4/6/00 104A C N 50.20000A 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ 7906981 4/5/00 104A C N 50.20000A 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ SLY 7906968 4/3/00 104A C Y 56.15003 69.00 69.00 69.00 ------------------------------------------------------------------------------------------------------------------------------------ 7908969 4/3/00 104A C N 56.14100B 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ 7908970 4/3/00 104A C N 56.14132A 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ 7908971 4/3/00 104A C Y 55.09301 207.00 207.00 207.00 ------------------------------------------------------------------------------------------------------------------------------------ 7908972 4/3/00 104A C N 56.141128 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ 7908973 4/3/00 104A C N 56.14107A 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ 7908974 4/3/00 104A C N 56.12018 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ 7908975 4/3/00 104A C N 56.04601 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ 7908976 4/3/00 104A C N 56.14132A 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ 7908977 4/3/00 104A C N 55.14101A2 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ 7908978 4/3/00 104A C Y 56.141038 207.00 207.00 207.00 ------------------------------------------------------------------------------------------------------------------------------------ 7908979 4/3/00 104A C Y 56.14100D 207.00 207.00 207.00 ------------------------------------------------------------------------------------------------------------------------------------ 7908862 10/21/99 104A C Y 56.14107A 207.00 207.00 207.00 ------------------------------------------------------------------------------------------------------------------------------------ 7908863 10/21/99 104A C Y 56.14107A 207.00 207.00 207.00 ------------------------------------------------------------------------------------------------------------------------------------ 7908864 10/21/99 104A C Y 56.14107A 207.00 207.00 207.00 ------------------------------------------------------------------------------------------------------------------------------------ 7908865 10/21/99 104A C Y 56.141301 259.00 259.00 259.00 ------------------------------------------------------------------------------------------------------------------------------------ 7908866 10/21/99 104A C Y 56.14100D 259.00 259.00 259.00 ------------------------------------------------------------------------------------------------------------------------------------ 7905867 10/21/99 104A C N 55.04803B 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ 7908868 10/21/99 104A C N 56.12028 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ SLY 7908869 10/21/99 104A C N 56.14101A2 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ SLY 7908870 10/21/99 104A C N 56.06132A11 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ SLY 7906871 10/21/98 104A C N 56.14132A 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ SLY 7908872 10/21/98 104A C Y 56.14100A 122.00 122.00 122.00 ------------------------------------------------------------------------------------------------------------------------------------ 7906873 10/21/98 104A C Y 56,03130 277.00 277.00 277.00 ------------------------------------------------------------------------------------------------------------------------------------ 7308252 4/5/99 104A C N 56.11027 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ 7908263 4/5/99 104A C N 50.300000A 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------
182 CITATIONS AND ORDERS Mine ID: 4201874 Operator: GEODYNE BECK ROCK PRODUCTS
----------------------------------------------------------------------------------------------------------------------------------- Contractor Citation/ Date Type of Citation/ S S S Standard Proposed Current/Final Amount Paid ID Order No. Issued Action Order Penalty ($) Penalty ($) to Date ($) ----------------------------------------------------------------------------------------------------------------------------------- 7311178 1/21/99 104A C N 50.200000A 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ 7911169 1/20/99 104A C N 58.14101A2 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ 7911170 1/20/99 104A C Y 58.14131B 224.00 224.00 224.00 ------------------------------------------------------------------------------------------------------------------------------------ 7911171 1/20/99 104A C N 58.13015A 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ 7911172 1/20/99 104A C Y 58.14130G 224.00 224.00 224.00 ------------------------------------------------------------------------------------------------------------------------------------ 7911173 1/20/99 104A C N 58.14101A2 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ 7911174 1/30/99 104A C N 56.04402 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ 7911175 1/20/99 104A C N 55.13010 55.00 55.00 55.00 ------------------------------------------------------------------------------------------------------------------------------------ SLY 4662821 5/1/98 107A C Y 58.06108C 210.00 210.00 210.00 ------------------------------------------------------------------------------------------------------------------------------------ SLY 7807410 6/1/98 104A C Y 58.029 88.00 88.00 88.00 ------------------------------------------------------------------------------------------------------------------------------------ SLY 7907411 6/1/98 104A C Y 58.08201 111.00 111.00 111.00 ------------------------------------------------------------------------------------------------------------------------------------ SLY 7907412 6/1/98 104A C N 55.08202A 80.00 80.00 80.00 ------------------------------------------------------------------------------------------------------------------------------------ SLY 7907413 6/1/98 104A C Y 86.08202A 111.00 111.00 111.00 ------------------------------------------------------------------------------------------------------------------------------------ SLY 7907414 6/1/98 104A C Y 88.082028 111.00 111.00 111.00 ------------------------------------------------------------------------------------------------------------------------------------ SLY 7907415 6/1/98 104A C Y 55.15003 60.00 60.00 60.00 ------------------------------------------------------------------------------------------------------------------------------------ SLY 7907416 6/1/98 104A C N 66.15002 50.00 50.00 50.00 ------------------------------------------------------------------------------------------------------------------------------------ 4662380 5/28/98 104B C Y 55.14101A2 0.00 0.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ 7906529 4/6/98 104A C N 68.108008 50.00 50.00 50.00 ------------------------------------------------------------------------------------------------------------------------------------ 7906530 4/6/98 104A C Y 66.14132A 94.00 94.00 94.00 ------------------------------------------------------------------------------------------------------------------------------------ 7906531 4/6/98 104A C Y 56.14101A2 270.00 270.00 270.00 ------------------------------------------------------------------------------------------------------------------------------------ 7906532 4/6/98 104A C Y 58.14100A 94.00 94.00 94.00 ------------------------------------------------------------------------------------------------------------------------------------ 7906593 4/6/98 104A C N 66.14101A2 50.00 50.00 50.00 ------------------------------------------------------------------------------------------------------------------------------------ 7906634 4/6/98 104A C Y 58.14132A 119.00 119.00 119.00 ------------------------------------------------------------------------------------------------------------------------------------ 7906535 4/6/98 104A C N 58.12018 50.00 50.00 50.00 ------------------------------------------------------------------------------------------------------------------------------------ 7906636 4/6/98 104A C N 41.12000 50.00 50.00 50.00 ------------------------------------------------------------------------------------------------------------------------------------
183 SCHEDULE 4.11.4 POTENTIALLY RESPONSIBLE PARTIES NONE 184 SCHEDULE 4.13 REGULATORY APPROVALS 1. All air permits and other permits issued by the Utah Department of Natural Resources must be transferred. 2. Business licenses are not transferable. 3. Hazardous material generator id numbers will have to be acquired 4. Blasting license are not transferable. 5. Consents are required for transfer of water rights. 6. All Conditional Use Permits listed on SCHEDULE 4.5.3 are incorporated herein by reference. 185 SCHEDULE 4.14 INVENTORY See attached inventory summaries. 186 TRI-STATE TESTING LABORATORIES, INC. INVENTORY / SURVEY SUMMARY ------------------------------------------------------------------------------- CLIENT: GEODYNE DATE: 01/16/01 PIT LOCATION: FALCON RIDGE SLC, UTAH SURVEYED BY: DOUG ------------------------------------------------------------------------------- STOCK-PILE PRODUCT TYPE / SOURCE: TONS IN STOCKPILE: ------------------------------------------------------------------------------- FALCON RIDGE COMMERCIAL ROAD BASE (PILE 1) 171788.389 ------------------------------------------------------------------------------- FALCON RIDGE COMMERCIAL ROAD BASE (PILE 2) 9529.478 ------------------------------------------------------------------------------- FALCON RIDGE UDOT ROAD BASE 11325.750 ------------------------------------------------------------------------------- FALCON RIDGE 1/2" ROCK 5114.562 ------------------------------------------------------------------------------- FALCON RIDGE PLANT MIX 3476.537 ------------------------------------------------------------------------------- TOTAL TONS OF MATERIAL IN PILES SURVEYED AT PIT: 201234.716 ------------------------------------------------------------------------------- REMARKS: ------------------------------------------------------------------------------- 187 Frcomrb1.txt Volume Analysis LI Contour V+ v5.1 #5.IN901 southern ready mix Date: January 16, 2001 Time: 11:59am File: FRCM1A.MDL ------------------------------------------------------------------------------- EXISTING Filename: FRCM1A.MDL PROPOSED Filename: FRCM1.MDL TotalField Area (acres) = 2.611 Cut Area (acres) = 0.019 Fill Area (acres) = 2.592 Total Cut Volume (cu. yards) = 10.647 Fill Volume (cu. yards) = 123922.326 Ratio of Cut/Fill = 0.000 Location of: Max Cut = 2.202 Max Fill = 78.243 Y= 244.508 Y= 217.838 X= 215.707 X= 24.961 188 [GRAPHIC OMITTED] 189 TRI-STATE TESTING. LABORATORIES, INC. INVENTORY/ SURVEY REPORT ------------------------------------------------------------------------------- CLIENT: FALCON RIDGE JOB #: ------------------------------------------------------------------------------- PROJECT: INVENTORY DATE: 01/15/01 ------------------------------------------------------------------------------- PIT LOCATION: SLC, UTAH SURVEYED BY: DOUG ------------------------------------------------------------------------------- STOCKPILE LOCATION: ------------------------------------------------------------------------------- PRODUCT: FALCON RIDGE COMM. RB (2) STOCKPILE: ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3) 102.677 ASTM C29 ------------------------------------------------------------------------------- B UNIT WEIGHT OF PRODUCT, TONS/YD(3) 1.386 (A*27/2000) ------------------------------------------------------------------------------- C CUT VOLUME OF STOCKPILE, YD(3) 2.826 FROM SURVEY ------------------------------------------------------------------------------- D FILL VOLUME OF STOCKPILE, YD(3) 6872.007 FROM SURVEY ------------------------------------------------------------------------------- E TOTAL VOLUME OF STOCKPILE, YD(3) 6874.833 (C+D) ------------------------------------------------------------------------------- F TOTAL PRODUCT IN STOCKPILE, TONS 9529.478 (E*B) --- --------------------------------------------------------------------------- REMARKS: 190 Volume Analysis LI Contour V+ v5.1 #5.IN901 southern ready mix Date: January 16, 2001 Time: 12:04pm File: FRCMRB2Z.MDL ------------------------------------------------------------------------------- EXISTING Filename: FRCMRB2Z.MDL PROPOSED Filename: FRCOMRB2.MDL Total Field Area (acres) = 0.387 Cut Area (acres) = 0.007 Fill Area (acres) = 0.380 Total Cut Volume (cu. yards) = 2.826 Fill Volume (cu. yards) = 6872.007 Ratio of Cut/Fill = 0.000 Location of: Max Cut = 0.825 Max Fill = 25.712 Y= -57.487 Y= -102.420 X= -27.914 X= -75.407 191 [GRAPHIC OMITTED] 192 TRI-STATE TESTING. LABORATORIES, INC. INVENTORY/ SURVEY REPORT ------------------------------------------------------------------------------- CLIENT: FALCON RIDGE JOB #: ------------------------------------------------------------------------------- PROJECT: INVENTORY DATE: 01/15/01 ------------------------------------------------------------------------------- PIT LOCATION: SLC, UTAH SURVEYED BY: DOUG ------------------------------------------------------------------------------- STOCKPILE LOCATION: ------------------------------------------------------------------------------- PRODUCT: FALCON RIDGE UDOT RB STOCKPILE: ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3) 109.039 ASTM C29 ------------------------------------------------------------------------------- B UNIT WEIGHT OF PRODUCT, TONS/YD(3) 1.472 (A*27/2000) ------------------------------------------------------------------------------- C CUT VOLUME OF STOCKPILE, YD(3) 1.361 FROM SURVEY ------------------------------------------------------------------------------- D FILL VOLUME OF STOCKPILE, YD(3) 7692.624 FROM SURVEY ------------------------------------------------------------------------------- E TOTAL VOLUME OF STOCKPILE, YD(3) 7693.985 (C+D) ------------------------------------------------------------------------------- F TOTAL PRODUCT IN STOCKPILE, TONS 11325.750 (E*B) ------------------------------------------------------------------------------- REMARKS: 193 Frudotrb.txt Volume Analysis LI Contour V+ v5.1 #5.IN901 southern ready mix Date: January 16, 2001 Time: 12:06pm File: FRDOTRBZ.MDL ------------------------------------------------------------------------------- EXISTING Filename: FRDOTRBZ.MDL PROPOSED Filename: FRUDOTRB.MDL TotalField Area (acres) = 0.369 Cut Area (acres) = 0.005 Fill Area (acres) = 0.364 Total Cut Volume (cu. yards) = 1.361 Fill Volume (cu. yards) = 7692.624 Ratio of Cut/Fill = 0.000 Location of: Max Cut = 0.672 Max Fill = 35.517 Y= 31.138 Y= 57.157 X= -63.696 X= -118.124 194 [GRAPHIC OMITTED] 195 TRI-STATE TESTING. LABORATORIES, INC. INVENTORY/ SURVEY REPORT ------------------------------------------------------------------------------- CLIENT: FALCON RIDGE JOB #: ------------------------------------------------------------------------------- PROJECT: INVENTORY DATE: 12/20/00 ------------------------------------------------------------------------------- PIT LOCATION: SLC, UTAH SURVEYED BY: DOUG ------------------------------------------------------------------------------- STOCKPILE LOCATION: ------------------------------------------------------------------------------- PRODUCT: FALCON RIDGE 1/2" ROCK STOCKPILE: ------------------------------------------------------------------------------- A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3) 91.398 ASTM C29 -------------------------------------------------------------------------------- B UNIT WEIGHT OF PRODUCT, TONS/YD(3) 1.234 (A*27/2000) -------------------------------------------------------------------------------- C CUT VOLUME OF STOCKPILE, YD(3) 2.730 FROM SURVEY -------------------------------------------------------------------------------- D FILL VOLUME OF STOCKPILE, YD(3) 4142.398 FROM SURVEY -------------------------------------------------------------------------------- E TOTAL VOLUME OF STOCKPILE, YD(3) 4145.128 (C+D) -------------------------------------------------------------------------------- F TOTAL PRODUCT IN STOCKPILE, TONS 5114.562 (E*B) -------------------------------------------------------------------------------- REMARKS: 196 Fal12.txt Volume Analysis LI Contour V+ v5.1 #5.IN901 southern ready mix Date: December 20, 2000 Time: 4:16pm File: FAL12Z.MDL ------------------------------------------------------------------------------- EXISTING Filename: FAL12Z.MDL PROPOSED Filename: FAL12.MDL Total Field Area (acres) = 0.238 Cut Area (acres) = 0.007 Fill Area (acres) = 0.231 Total Cut Volume (cu. yards) = 2.730 Fill Volume (cu. yards) = 4142.398 Ratio of Cut/Fill = 0.001 Location of: Max Cut = 0.902 Max Fill = 30.773 Y= -9.660 Y= -48.722 X= 90.306 X= 104.601 197 [GRAPHIC OMITTED] 198 TRI-STATE TESTING. LABORATORIES, INC. INVENTORY/ SURVEY REPORT ------------------------------------------------------------------------------- CLIENT: FALCON RIDGE JOB #: ------------------------------------------------------------------------------- PROJECT: INVENTORY DATE: 01/15/01 ------------------------------------------------------------------------------- PIT LOCATION: SLC, UTAH SURVEYED BY: DOUG ------------------------------------------------------------------------------- STOCKPILE LOCATION: ------------------------------------------------------------------------------- PRODUCT: FALCON RIDGE PLANT MIX STOCKPILE: ------------------------------------------------------------------------------- -------------------------------------------------------------------------------- A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3) 99.970 ASTM C29 -------------------------------------------------------------------------------- B UNIT WEIGHT OF PRODUCT, TONS/YD(3) 1.349 (A*27/2000) -------------------------------------------------------------------------------- C CUT VOLUME OF STOCKPILE, YD(3) 0.560 FROM SURVEY -------------------------------------------------------------------------------- D FILL VOLUME OF STOCKPILE, YD(3) 2585.683 FROM SURVEY -------------------------------------------------------------------------------- E TOTAL VOLUME OF STOCKPILE, YD(3) 2576.243 (C+D) -------------------------------------------------------------------------------- F TOTAL PRODUCT IN STOCKPILE, TONS 3476.537 (E*B) -------------------------------------------------------------------------------- REMARKS: 199 Frcf.txt Volume Analysis LI Contour V+ v5.1 #5.IN901 southern ready mix Date: January 16, 2001 Time: 12:02pm File: FRCFZ.MDL ------------------------------------------------------------------------------- EXISTING Filename: FRCFZ.MDL PROPOSED Filename: FRCF.MDL Total Field Area (acres) = 0.171 Cut Area (acres) = 0.003 Fill Area (acres) = 0.168 Total Cut Volume (cu. yards) = 0.560 Fill Volume (cu. yards) = 2575.683 Ratio of Cut/Fill = 0.000 Location of: Max Cut = 0.383 Max Fill = 29.514 Y= 59.563 Y= 99.132 X= -5.106 X=-18.703 200 [GRAPHIC OMITTED] 201 TRI-STATE TESTING LABORATORIES, INC. INVENTORY / SURVEY SUMMARY ------------------------------------------------------------------------------ CLIENT: FALCON RIDGE DATE: ------------------------------------------------------------------------------ PIT LOCATION: GEODYNE HOT PANT-SLC, UTAH SURVEYED BY: D.C./K.A. ------------------------------------------------------------------------------ STOCKPILE PRODUCT TYPE / SOURCE: TONS IN STOCKPILE: ------------------------------------------------------------------------------ FALCON RIDGE 3/4" ROCK 3736.878 ------------------------------------------------------------------------------- FALCON RIDGE 1/2" ROCK 7996.878 ------------------------------------------------------------------------------- FALCON RIDGE PLANT MIX 47407.819 ------------------------------------------------------------------------------- UNPROCESSED RAP 49455.115 ------------------------------------------------------------------------------- WASHED SAND 428.286 ------------------------------------------------------------------------------- PROCESSED FINE RAP 3045.355 ------------------------------------------------------------------------------- TOTAL TONS OF MATERIAL IN PILES SURVEYED AT PIT: 112070.331 ------------------------------------------------------------------------------- REMARKS: ------------------------------------------------------------------------------- 202 TRI-STATE TESTING. LABORATORIES, INC. INVENTORY/ SURVEY REPORT ------------------------------------------------------------------------------- CLIENT: GEODYNE JOB #: ------------------------------------------------------------------------------- PROJECT: INVENTORY DATE: 02/20/00 ------------------------------------------------------------------------------- PIT LOCATION: SLC, UTAH SURVEYED BY: DOUG ------------------------------------------------------------------------------- STOCKPILE LOCATION: GEODYNE HOT PLANT ------------------------------------------------------------------------------- PRODUCT: FALCON RIDGE 3/4" ROCK STOCKPILE: ------------------------------------------------------------------------------- A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3) 92.638 ASTM C29 ------------------------------------------------------------------------------- B UNIT WEIGHT OF PRODUCT, TONS/YD(3) 1.251 (A*27/2000) -------------------------------------------------------------------------------- C CUT VOLUME OF STOCKPILE, YD(3) 0.202 FROM SURVEY -------------------------------------------------------------------------------- D FILL VOLUME OF STOCKPILE, YD(3) 2987.835 FROM SURVEY -------------------------------------------------------------------------------- E TOTAL VOLUME OF STOCKPILE, YD(3) 2988.037 (C+D) -------------------------------------------------------------------------------- F TOTAL PRODUCT IN STOCKPILE, TONS 3736.878 (E*B) -------------------------------------------------------------------------------- REMARKS: 203 Geo12.txt Volume Analysis LI Contour V+ v5.1 #5.IN901 southern ready mix Date: January 9, 2001 Time: 11:11am File: GEO12Z.MDL ------------------------------------------------------------------------------- EXISTING Filename: GEO12Z.MDL PROPOSED Filename: GEO12.MDL Total Field Area (acres) = 0.318 Cut Area (acres) = 0.001 Fill Area (acres) = 0.317 Total Cut Volume (cu. yards) = 0.202 Fill Volume (cu. yards) = 2987.835 Ratio of Cut/Fill = 0.000 Location of: Max Cut = 0.334 Max Fill = 11.330 Y= 68.049 Y= 101.362 X= -136.772 X= -165.679 204 [GRAPHIC OMITTED] 205 Geopm.txt Volume Analysis LI Contour V+ v5.1 #5.IN901 southern ready mix Date: January 9, 2001 Time: 11:30am File: GEOPMZ.MDL ------------------------------------------------------------------------------- EXISTING Filename: GEOPMZ.MDL PROPOSED Filename: GEOPM.MDL Total Field Area (acres) = 0.621 Cut Area (acres) = 0.005 Fill Area (acres) = 0.616 Total Cut Volume (cu. yards) = 1.177 Fill Volume (cu. yards) = 6479.942 Ratio of Cut/Fill = 0.000 Location of: Max Cut = 0.468 Max Fill = 14.064 Y= 20.690 Y= 187.431 X= -64.042 X= -175.423 206 [GRAPHIC OMITTED] 207 TRI-STATE TESTING. LABORATORIES, INC. INVENTORY/ SURVEY REPORT ------------------------------------------------------------------------------- CLIENT: GEODYNE JOB #: ------------------------------------------------------------------------------- PROJECT: INVENTORY DATE: 01/16/01 ------------------------------------------------------------------------------- PIT LOCATION: SLC, UTAH SURVEYED BY: DOUG ------------------------------------------------------------------------------- STOCKPILE LOCATION: GEODYNE HOT PLANT ------------------------------------------------------------------------------- PRODUCT: FALCON RIDGE PLANT MIX STOCKPILE: ------------------------------------------------------------------------------- A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3) 99.960 ASTM C29 ------------------------------------------------------------------------------- B UNIT WEIGHT OF PRODUCT, TONS/YD(3) 1.349 (A*27/2000) ------------------------------------------------------------------------------- C CUT VOLUME OF STOCKPILE, YD(3) 1.403 FROM SURVEY ------------------------------------------------------------------------------- D FILL VOLUME OF STOCKPILE, YD(3) 35129.552 FROM SURVEY ------------------------------------------------------------------------------- E TOTAL VOLUME OF STOCKPILE, YD(3) 35130.955 (C+D) ------------------------------------------------------------------------------- F TOTAL PRODUCT IN STOCKPILE, TONS 47407.819 (E*B) ------------------------------------------------------------------------------- REMARKS: 208 Gbcr.txt Volume Analysis LI Contour V+ v5.1 #5.IN901 southern ready mix Date: January 16, 2001 Time: 12:23pm File: GBCRZ.MDL ------------------------------------------------------------------------------- EXISTING Filename: GBCRZ.MDL PROPOSED Filename: GBCR.MDL Total Field Area (acres) = 1.682 Cut Area (acres) = 0.005 Fill Area (acres) = 1.677 Total Cut Volume (cu. yards) = 1.403 Fill Volume (cu. yards) = 35129.552 Ratio of Cut/Fill = 0.000 Location of: Max Cut = 0.909 Max Fill = 24.377 Y= -32.832 Y= -192.721 X= 54.642 X= 329.518 209 [GRAPHIC OMITTED] 210 TRI-STATE TESTING. LABORATORIES, INC. INVENTORY/ SURVEY REPORT ------------------------------------------------------------------------------- CLIENT: GEODYNE JOB #: ------------------------------------------------------------------------------- PROJECT: INVENTORY DATE: 01/16/01 ------------------------------------------------------------------------------- PIT LOCATION: SLC, UTAH SURVEYED BY: DOUG ------------------------------------------------------------------------------- STOCKPILE LOCATION: GEODYNE HOT PLANT ------------------------------------------------------------------------------- PRODUCT: UNPROCESSED RAP STOCKPILE: ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3) 113.784 ASTM C29 -------------------------------------------------------------------------------- B UNIT WEIGHT OF PRODUCT, TONS/YD(3) 1.536 (A*27/2000) -------------------------------------------------------------------------------- C CUT VOLUME OF STOCKPILE, YD(3) 4.976 FROM SURVEY -------------------------------------------------------------------------------- D FILL VOLUME OF STOCKPILE, YD(3) 32190.604 FROM SURVEY -------------------------------------------------------------------------------- E TOTAL VOLUME OF STOCKPILE, YD(3) 32195.580 (C+D) -------------------------------------------------------------------------------- F TOTAL PRODUCT IN STOCKPILE, TONS 49455.115 (E*B) -------------------------------------------------------------------------------- REMARKS: 211 Gbuprap.txt Volume Analysis LI Contour V+ v5.1 #5.IN901 southern ready mix Date: January 16, 2001 Time: 12:30pm File: GBUPRAPZ.MDL ------------------------------------------------------------------------------- EXISTING Filename: GBUPRAPZ.MDL PROPOSED Filename: GBUPRAP.MDL Total Field Area (acres) = 1.674 Cut Area (acres) = 0.007 Fill Area (acres) = 1.666 Total Cut Volume (cu. yards) = 4.976 Fill Volume (cu. yards) = 32190.604 Ratio of Cut/Fill = 0.000 Location of: Max Cut = 3.097 Max Fill = 38.115 Y= 168.596 Y= 155.118 X= -128.435 X= 13.845 212 [GRAPHIC OMITTED] 213 TRI-STATE TESTING. LABORATORIES, INC. INVENTORY/ SURVEY REPORT ------------------------------------------------------------------------------- CLIENT: GEODYNE JOB #: ------------------------------------------------------------------------------- PROJECT: INVENTORY DATE: 01/16/01 ------------------------------------------------------------------------------- PIT LOCATION: SLC, UTAH SURVEYED BY: DOUG ------------------------------------------------------------------------------- STOCKPILE LOCATION: GEODYNE HOT PLANT ------------------------------------------------------------------------------- PRODUCT: WASHED SAND STOCKPILE: ------------------------------------------------------------------------------- A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3) 96.426 ASTM C29 ------------------------------------------------------------------------------- B UNIT WEIGHT OF PRODUCT, TONS/YD(3) 1.302 (A*27/2000) ------------------------------------------------------------------------------- C CUT VOLUME OF STOCKPILE, YD(3) 0.000 FROM SURVEY ------------------------------------------------------------------------------- D FILL VOLUME OF STOCKPILE, YD(3) 329.008 FROM SURVEY ------------------------------------------------------------------------------- E TOTAL VOLUME OF STOCKPILE, YD(3) 329.008 (C+D) ------------------------------------------------------------------------------- F TOTAL PRODUCT IN STOCKPILE, TONS 428.286 (E*B) ------------------------------------------------------------------------------- REMARKS: 214 Gbws.txt Volume Analysis LI Contour V+ v5.1 #5.IN901 southern ready mix Date: January 16, 2001 Time: 12:48pm File: GBWSZ.MDL -------------------------------------------------------------------------------- EXISTING Filename: GBWSZ.MDL PROPOSED Filename: GBWS.MDL Total Field Area (acres) = 0.048 Cut Area (acres) = 0.000 Fill Area (acres) = 0.048 Total Cut Volume (cu. yards) = 0.000 Fill Volume (cu. yards) = 329.008 Ratio of Cut/Fill = N/A Location of: Max Cut = N/A Max Fill = 11.316 Y= N/A Y= 45.422 X= N/A X= -60.754 215 [GRAPHIC OMITTED] 216 TRI-STATE TESTING. LABORATORIES, INC. INVENTORY/ SURVEY REPORT ------------------------------------------------------------------------------- CLIENT: GEODYNE JOB #: -------------------------------------------------------------------------------- PROJECT: INVENTORY DATE: 12/20/00 -------------------------------------------------------------------------------- PIT LOCATION: SLC, UTAH SURVEYED BY: DOUG -------------------------------------------------------------------------------- STOCKPILE LOCATION: GEODYNE HOT PLANT -------------------------------------------------------------------------------- PRODUCT: PROCESSED FINE RAP STOCKPILE: -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3) 102.254 ASTM C29 -------------------------------------------------------------------------------- B UNIT WEIGHT OF PRODUCT, TONS/YD(3) 1.380 (A*27/2000) -------------------------------------------------------------------------------- C CUT VOLUME OF STOCKPILE, YD(3) 0.000 FROM SURVEY -------------------------------------------------------------------------------- D FILL VOLUME OF STOCKPILE, YD(3) 2206.093 FROM SURVEY -------------------------------------------------------------------------------- E TOTAL VOLUME OF STOCKPILE, YD(3) 2206.093 (C+D) -------------------------------------------------------------------------------- F TOTAL PRODUCT IN STOCKPILE, TONS 3045.355 (E*B) -------------------------------------------------------------------------------- REMARKS: 217 Gbrapf.txt Volume Analysis LI Contour V+ v5.1 #5.IN901 southern ready mix Date: January 19, 2001 Time: 5:00pm File: GBRAPFZ.MDL ------------------------------------------------------------------------------- EXISTING Filename: GBRAPFZ.MDL PROPOSED Filename: GBRAPF.MDL Total Field Area (acres) = 0.232 Cut Area (acres) = 0.000 Fill Area (acres) = 0.232 Total Cut Volume (cu. yards) = 0.000 Fill Volume (cu. yards) = 2206.093 Ratio of Cut/Fill = N/A Location of: Max Cut = N/A Max Fill = 19.663 Y= N/A Y= -13.646 X= N/A X= 135.460 218 [GRAPHIC OMITTED] 219 TRI-STATE TESTING LABORATORIES, INC. INVENTORY / SURVEY SUMMARY ------------------------------------------------------------------------------- CLIENT: MONROC DATE: 01/18/01 ------------------------------------------------------------------------------- PIT LOCATION: SURVEYED BY: DAN ------------------------------------------------------------------------------- TONS IN STOCK-PILE PRODUCT TYPE / SOURCE: STOCKPILE: ------------------------------------------------------------------------------- NSL MASON SAND 393.202 ------------------------------------------------------------------------------- PT. MTN. MASON SAND 245.694 ------------------------------------------------------------------------------- NSL 1" UNDER SLAB 1881.736 ------------------------------------------------------------------------------- NSL 1 1/2" UNDER SLAB 1124.565 ------------------------------------------------------------------------------- NSL QPR 458.918 ------------------------------------------------------------------------------- NSL ROADBASE 48491.041 ------------------------------------------------------------------------------- NSL 5767 #1 3060.970 ------------------------------------------------------------------------------- NSL 5767 #2 1598.342 ------------------------------------------------------------------------------- NSL POND SAND 48923.901 ------------------------------------------------------------------------------- NSL PEA GRAVEL 496.711 ------------------------------------------------------------------------------- NSL 1 1/2" ROCK 3590.720 ------------------------------------------------------------------------------- NSL C-33 SAND 13744.477 ------------------------------------------------------------------------------- TOTAL TONS OF MATERIAL IN PILES SURVEYED AT PIT: 124010.277 ------------------------------------------------------------------------------- REMARKS: ------------------------------------------------------------------------------- 220 TRI-STATE TESTING. LABORATORIES, INC. INVENTORY/ SURVEY REPORT ------------------------------------------------------------------------------- CLIENT: MONROC JOB #: ------------------------------------------------------------------------------- PROJECT: INVENTORY DATE: 01/18/01 ------------------------------------------------------------------------------- PIT LOCATION: SALT LAKE CITY, UTAH SURVEYED BY: DD/KW ------------------------------------------------------------------------------- STOCKPILE LOCATION: -------------------------------------------------------------------------------- PRODUCT: NSL MASON SAND STOCKPILE: -------------------------------------------------------------------------------- A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3) 102.008 ASTM C29 -------------------------------------------------------------------------------- B UNIT WEIGHT OF PRODUCT, TONS/YD(3) 1.377 (A*27/2000) -------------------------------------------------------------------------------- C CUT VOLUME OF STOCKPILE, YD(3) 0.000 FROM SURVEY -------------------------------------------------------------------------------- D FILL VOLUME OF STOCKPILE, YD(3) 285.527 FROM SURVEY -------------------------------------------------------------------------------- E TOTAL VOLUME OF STOCKPILE, YD(3) 285.527 (C+D) -------------------------------------------------------------------------------- F TOTAL PRODUCT IN STOCKPILE, TONS 393.202 (E*B) -------------------------------------------------------------------------------- REMARKS: 221 Nslms.txt Volume Analysis LI Contour V+ v5.1 #5.IN901 southern ready mix Date: January 18, 2001 Time: 4:26pm File: NSLMSZ.MDL ------------------------------------------------------------------------------- EXISTING Filename: NSLMSZ.MDL PROPOSED Filename: NSLMS.MDL TotalField Area (acres) = 0.053 Cut Area (acres) = 0.000 Fill Area (acres) = 0.053 Total Cut Volume (cu. yards) = 0.000 Fill Volume (cu. yards) = 285.527 Ratio of Cut/Fill = N/A Location of: Max Cut = N/A Max Fill = 10.000 Y= N/A Y= -98.436 X= N/A X= -5.865 222 [GRAPHIC OMITTED] 223 TRI-STATE TESTING. LABORATORIES, INC. INVENTORY/ SURVEY REPORT ------------------------------------------------------------------------------- CLIENT: MONROC JOB #: ------------------------------------------------------------------------------- PROJECT: INVENTORY DATE: 01/18/01 ------------------------------------------------------------------------------- PIT LOCATION: SALT LAKE CITY, UTAH SURVEYED BY: DD/KW ------------------------------------------------------------------------------- STOCKPILE LOCATION: ------------------------------------------------------------------------------- PRODUCT: NSL PT. MTN. MASON SAND STOCKPILE: ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3) 97.690 ASTM C29 ------------------------------------------------------------------------------- B UNIT WEIGHT OF PRODUCT, TONS/YD(3) 1.319 (A*27/2000) ------------------------------------------------------------------------------- C CUT VOLUME OF STOCKPILE, YD(3) 0.000 FROM SURVEY ------------------------------------------------------------------------------- D FILL VOLUME OF STOCKPILE, YD(3) 186.299 FROM SURVEY ------------------------------------------------------------------------------- E TOTAL VOLUME OF STOCKPILE, YD(3) 186.299 (C+D) -------------------------------------------------------------------------------- F TOTAL PRODUCT IN STOCKPILE, TONS 245.694 (E*B) ------------------------------------------------------------------------------- REMARKS: 224 Nslptms.txt Volume Analysis LI Contour V+ v5.1 #5.IN901 southern ready mix Date: January 18, 2001 Time: 5:47pm File: NSLPTMSZ.MDL ------------------------------------------------------------------------------- EXISTING Filename: NSLPTMSZ.MDL PROPOSED Filename: NSLPTMS.MDL Total Field Area (acres) = 0.041 Cut Area (acres) = 0.000 Fill Area (acres) = 0.041 Total Cut Volume (cu. yards) = 0.000 Fill Volume (cu. yards) = 186.299 Ratio of Cut/Fill = N/A Location of: Max Cut = N/A Max Fill = 8.486 Y= N/A Y= 32.786 X= N/A X= 25.066 225 [GRAPHIC OMITTED] 226 TRI-STATE TESTING. LABORATORIES, INC. INVENTORY/ SURVEY REPORT ------------------------------------------------------------------------------ CLIENT: MONROC JOB #: ----------------------------------------------------------------------------- PROJECT: INVENTORY DATE: 01/18/01 ------------------------------------------------------------------------------ PIT LOCATION: SALT LAKE CITY, UTAH SURVEYED BY: DD/KW ------------------------------------------------------------------------------ STOCKPILE LOCATION: ------------------------------------------------------------------------------ PRODUCT: NSL 1" UNDER SLAB STOCKPILE: ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3) 106.143 ASTM C29 -------------------------------------------------------------------------------- B UNIT WEIGHT OF PRODUCT, TONS/YD(3) 1.433 (A*27/2000) -------------------------------------------------------------------------------- C CUT VOLUME OF STOCKPILE, YD(3) 0.000 FROM SURVEY -------------------------------------------------------------------------------- D FILL VOLUME OF STOCKPILE, YD(3) 1313.208 FROM SURVEY -------------------------------------------------------------------------------- E TOTAL VOLUME OF STOCKPILE, YD(3) 1313.208 (C+D) -------------------------------------------------------------------------------- F TOTAL PRODUCT IN STOCKPILE, TONS 1881.736 (E*B) -------------------------------------------------------------------------------- REMARKS: 227 Nsllinus.txt Volume Analysis LI Contour V+ v5.1 #5.IN901 southern ready mix Date: January 18, 2001 Time: 5:25pm File: NS1INUSZ.MDL ------------------------------------------------------------------------------- EXISTING Filename: NS1INUSZ.MDL PROPOSED Filename: NS1INUS.MDL Total Field Area (acres) = 0.141 Cut Area (acres) = 0.000 Fill Area (acres) = 0.141 Total Cut Volume (cu. yards) = 0.000 Fill Volume (cu. yards) = 1313.208 Ratio of Cut/Fill = N/A Location of: Max Cut = N/A Max Fill = 13.465 Y= N/A Y= -52.342 X= N/A X= 66.605 228 Nsll5us.txt Volume Analysis LI Contour V+ v5.1 #5.IN901 southern ready mix Date: January 18, 2001 Time: 5:04pm File: NSL15USZ.MDL ------------------------------------------------------------------------------- EXISTING Filename: NSL15USZ.MDL PROPOSED Filename: NSL15US.MDL Total Field Area (acres) = 0.127 Cut Area (acres) = 0.000 Fill Area (acres) = 0.127 Total Cut Volume (cu. yards) = 0.000 Fill Volume (cu. yards) = 782.751 Ratio of Cut/Fill = N/A Location of: Max Cut = N/A Max Fill = 11.358 Y= N/A Y= -55.099 X= N/A X= -14.970 229 [GRAPHIC OMITTED] 230 TRI-STATE TESTING. LABORATORIES, INC. INVENTORY/ SURVEY REPORT ------------------------------------------------------------------------------- CLIENT: MONROC JOB #: ------------------------------------------------------------------------------- PROJECT: INVENTORY DATE: 01/18/01 ------------------------------------------------------------------------------- PIT LOCATION: SALT LAKE CITY, UTAH SURVEYED BY: DD/KW ------------------------------------------------------------------------------- STOCKPILE LOCATION: ------------------------------------------------------------------------------- PRODUCT: QPR STOCKPILE: ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3) 91.290 ASTM C29 ------------------------------------------------------------------------------- B UNIT WEIGHT OF PRODUCT, TONS/YD(3) 1.232 (A*27/2000) ------------------------------------------------------------------------------- C CUT VOLUME OF STOCKPILE, YD(3) 0.000 FROM SURVEY ------------------------------------------------------------------------------- D FILL VOLUME OF STOCKPILE, YD(3) 372.373 FROM SURVEY ------------------------------------------------------------------------------- E TOTAL VOLUME OF STOCKPILE, YD(3) 372.373 (C+D) ------------------------------------------------------------------------------- F TOTAL PRODUCT IN STOCKPILE, TONS 458.918 (E*B) ------------------------------------------------------------------------------- REMARKS: 231 Nslqpr.TXT Volume Analysis Li Contour V+ V5.1 #5.IN901 Southern Ready Mix Date: January 18, 2001 Time: 4:06PM File: NSLQPRZ.MDL -------------------------------------------------------------------------------- EXISTING Filename: NSLQPRZ.MDL PROPOSED Filename: NSLQPR.MDL TotalField Area (acres) = 0.048 Cut Area (acres) = 0.000 Fill Area (acres) = 0.048 Total Cut Volume (cu. yards) = 0.000 Fill Volume (cu. yards) = 372.373 Ratio of Cut/Fill = N/A Location of: Max Cut = N/A Max Fill = 11.332 Y= N/A Y= 59.517 X= N/A X= -15.529 232 [GRAPHIC OMITTED] 233 TRI-STATE TESTING. LABORATORIES, INC. INVENTORY/ SURVEY REPORT ------------------------------------------------------------------------------- CLIENT: MONROC JOB #: ------------------------------------------------------------------------------- PROJECT: INVENTORY DATE: 01/18/01 ------------------------------------------------------------------------------- PIT LOCATION: SALT LAKE CITY, UTAH SURVEYED BY: DD/KW ------------------------------------------------------------------------------- STOCKPILE LOCATION: ------------------------------------------------------------------------------- PRODUCT: NSL ROADBASE STOCKPILE: ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3) 108.416 ASTM C29 ------------------------------------------------------------------------------- B UNIT WEIGHT OF PRODUCT, TONS/YD(3) 1.464 (A*27/2000) ------------------------------------------------------------------------------- C CUT VOLUME OF STOCKPILE, YD(3) 0.123 FROM SURVEY ------------------------------------------------------------------------------- D FILL VOLUME OF STOCKPILE, YD(3) 33130.863 FROM SURVEY ------------------------------------------------------------------------------- E TOTAL VOLUME OF STOCKPILE, YD(3) 33130.986 (C+D) ------------------------------------------------------------------------------- F TOTAL PRODUCT IN STOCKPILE, TONS 48491.041 (E*B) ------------------------------------------------------------------------------- REMARKS: 234 Nslrb.txt Volume Analysis LI Contour V+ v5.1 #5.IN901 southern ready mix Date: January 18, 2001 Time: 12:45pm File: NSLRBZ.MDL ------------------------------------------------------------------------------- EXISTING Filename: NSLRBZ.MDL PROPOSED Filename: NSLRB.MDL Total Field Area (acres) = 1.422 Cut Area (acres) = 0.003 Fill Area (acres) = 1.418 Total Cut Volume (cu. yards) = 0.123 Fill Volume (cu. yards) = 33130.863 Ratio of Cut/Fill = 0.000 Location of: Max Cut = 0.173 Max Fill = 34.367 Y= -71.719 Y= 40.008 X= 83.008 X= 157.410 235 [GRAPHIC OMITTED] 236 TRI-STATE TESTING. LABORATORIES, INC. INVENTORY/ SURVEY REPORT ------------------------------------------------------------------------------- CLIENT: MONROC JOB #: ------------------------------------------------------------------------------- PROJECT: INVENTORY DATE: 01/18/01 ------------------------------------------------------------------------------- PIT LOCATION: SALT LAKE CITY, UTAH SURVEYED BY: DD/KW ------------------------------------------------------------------------------- STOCKPILE LOCATION: ------------------------------------------------------------------------------- PRODUCT: NSL5767 STOCKPILE: ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3) 99.079 ASTM C29 ------------------------------------------------------------------------------- B UNIT WEIGHT OF PRODUCT, TONS/YD(3) 1.338 (A*27/2000) ------------------------------------------------------------------------------- C CUT VOLUME OF STOCKPILE, YD(3) 0.000 FROM SURVEY ------------------------------------------------------------------------------- D FILL VOLUME OF STOCKPILE, YD(3) 2288.462 FROM SURVEY ------------------------------------------------------------------------------- E TOTAL VOLUME OF STOCKPILE, YD(3) 2288.462 (C+D) ------------------------------------------------------------------------------- F TOTAL PRODUCT IN STOCKPILE, TONS 3060.970 (E*B) -------- ---------------------------------------------------------------------- REMARKS: 237 Nsl5767.txt Volume Analysis LI Contour V+ v5.1 #5.IN901 southern ready mix Date: January 18, 2001 Time: 10:45am File: NSL5767Z.MDL ------------------------------------------------------------------------------- EXISTING Filename: NSL5767Z.MDL PROPOSED Filename: NSL5767.MDL TotalField Area (acres) = 0.228 Cut Area (acres) = 0.000 Fill Area (acres) = 0.228 Total Cut Volume (cu. yards) = 0.000 Fill Volume (cu. yards) = 2288.462 Ratio of Cut/Fill = N/A Location of: Max Cut = N/A Max Fill = 19.237 Y= N/A Y= 82.496 X= N/A X= -62.523 238 [GRAPHIC OMITTED] 239 TRI-STATE TESTING. LABORATORIES, INC. INVENTORY/ SURVEY REPORT ------------------------------------------------------------------------------- CLIENT: MONROC JOB #: ------------------------------------------------------------------------------- PROJECT: INVENTORY DATE: 01/18/01 ------------------------------------------------------------------------------- PIT LOCATION: SALT LAKE CITY, UTAH SURVEYED BY: DD/KW ------------------------------------------------------------------------------- STOCKPILE LOCATION: ------------------------------------------------------------------------------- PRODUCT: NSL 5767 #2 STOCKPILE: ------------------------------------------------------------------------------- -------------------------------------------------------------------------------- A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3) 99.079 ASTM C29 -------------------------------------------------------------------------------- B UNIT WEIGHT OF PRODUCT, TONS/YD(3) 1.338 (A*27/2000) -------------------------------------------------------------------------------- C CUT VOLUME OF STOCKPILE, YD(3) 0.000 FROM SURVEY -------------------------------------------------------------------------------- D FILL VOLUME OF STOCKPILE, YD(3) 1194.963 FROM SURVEY -------------------------------------------------------------------------------- E TOTAL VOLUME OF STOCKPILE, YD(3) 1194.963 (C+D) -------------------------------------------------------------------------------- F TOTAL PRODUCT IN STOCKPILE, TONS 1598.342 (E*B) -------------------------------------------------------------------------------- REMARKS: 240 [GRAPHIC OMITTED] 241 TRI-STATE TESTING. LABORATORIES, INC. INVENTORY/ SURVEY REPORT ------------------------------------------------------------------------------- CLIENT: MONROC JOB #: ------------------------------------------------------------------------------- PROJECT: INVENTORY DATE: 01/18/01 ------------------------------------------------------------------------------- PIT LOCATION: SALT LAKE CITY, UTAH SURVEYED BY DD/KW ------------------------------------------------------------------------------- STOCKPILE LOCATION: ------------------------------------------------------------------------------- PRODUCT: NSL POND SAND STOCKPILE: ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3) 97.256 ASTM C29 ------------------------------------------------------------------------------- B UNIT WEIGHT OF PRODUCT, TONS/YD(3) 1.313 (A*27/2000) ------------------------------------------------------------------------------- C CUT VOLUME OF STOCKPILE, YD(3) 0.000 FROM SURVEY ------------------------------------------------------------------------------- D FILL VOLUME OF STOCKPILE, YD(3) 37262.407 FROM SURVEY ------------------------------------------------------------------------------- E TOTAL VOLUME OF STOCKPILE, YD(3) 37262.407 (C+D) ------------------------------------------------------------------------------- F TOTAL PRODUCT IN STOCKPILE, TONS 48923.901 (E*B) ------------------------------------------------------------------------------- REMARKS: 242 [GRAPHIC OMITTED] 243 TRI-STATE TESTING. LABORATORIES, INC. INVENTORY/ SURVEY REPORT ------------------------------------------------------------------------------- CLIENT: MONROC JOB #: ------------------------------------------------------------------------------- PROJECT: INVENTORY DATE: 01/18/01 ------------------------------------------------------------------------------- PIT LOCATION: SALT LAKE CITY, UTAH SURVEYED BY: DD/KW ------------------------------------------------------------------------------- STOCKPILE LOCATION: ------------------------------------------------------------------------------- PRODUCT: NSL PEA GRAVEL STOCKPILE: ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3) 94.250 ASTM C29 ------------------------------------------------------------------------------- B UNIT WEIGHT OF PRODUCT, TONS/YD(3) 1.272 (A*27/2000) ------------------------------------------------------------------------------- C CUT VOLUME OF STOCKPILE, YD(3) 0.002 FROM SURVEY ------------------------------------------------------------------------------- D FILL VOLUME OF STOCKPILE, YD(3) 390.379 FROM SURVEY ------------------------------------------------------------------------------- E TOTAL VOLUME OF STOCKPILE, YD(3) 390.381 (C+D) ------------------------------------------------------------------------------- F TOTAL PRODUCT IN STOCKPILE, TONS 496.711 (E*B) -------- ---------------------------------------------------------------------- REMARKS: 244 Nslpg.txt Volume Analysis LI Contour V+ v5.1 #5.IN901 southern ready mix Date: January 18, 2001 Time: 5:34pm File: NSLPGZ.MDL ------------------------------------------------------------------------------- EXISTING Filename: NSLPGZ.MDL PROPOSED Filename: NSLPG.MDL Total Field Area (acres) = 0.069 Cut Area (acres) = 0.000 Fill Area (acres) = 0.068 Total Cut Volume (cu. yards) = 0.002 Fill Volume (cu. yards) = 390.379 Ratio of Cut/Fill = 0.000 Location of: Max Cut = 0.010 Max Fill = 10.110 Y= 24.656 Y= 41.129 X= 52.928 X= 24.034 245 [GRAPHIC OMITTED] 246 TRI-STATE TESTING. LABORATORIES, INC. INVENTORY/ SURVEY REPORT ------------------------------------------------------------------------------- CLIENT: MONROC JOB #: ------------------------------------------------------------------------------- PROJECT: INVENTORY DATE: 12/20/00 ------------------------------------------------------------------------------- PIT LOCATION: SALT LAKE CITY, UTAH SURVEYED BY: DOUG ------------------------------------------------------------------------------- STOCKPILE LOCATION: ------------------------------------------------------------------------------- PRODUCT: NSL 1 1/2" ROCK STOCKPILE: ------------------------------------------------------------------------------- A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3) 95.900 ASTM C29 ------------------------------------------------------------------------------- B UNIT WEIGHT OF PRODUCT, TONS/YD(3) 1.295 (A*27/2000) ------------------------------------------------------------------------------- C CUT VOLUME OF STOCKPILE, YD(3) 0.005 FROM SURVEY ------------------------------------------------------------------------------- D FILL VOLUME OF STOCKPILE, YD(3) 2773.501 FROM SURVEY ------------------------------------------------------------------------------- E TOTAL VOLUME OF STOCKPILE, YD(3) 2773.506 (C+D) ------------------------------------------------------------------------------- F TOTAL PRODUCT IN STOCKPILE, TONS 3590.720 (E*B) ------------------------------------------------------------------------------- REMARKS: 247 [GRAPHIC OMITTED] 248 TRI-STATE TESTING. LABORATORIES, INC. INVENTORY/ SURVEY REPORT ------------------------------------------------------------------------------- CLIENT: MONROC JOB #: ------------------------------------------------------------------------------- PROJECT: INVENTORY DATE: 12/20/00 ------------------------------------------------------------------------------- PIT LOCATION: SALT LAKE CITY, UTAH SURVEYED BY: DOUG ------------------------------------------------------------------------------- STOCKPILE LOCATION: ------------------------------------------------------------------------------- PRODUCT: NSL C-33 SAND STOCKPILE: -------------------------------------------------------------------------------- ------------------------------------------------------------------------------- A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3) 96.426 ASTM C29 ------------------------------------------------------------------------------- B UNIT WEIGHT OF PRODUCT, TONS/YD(3) 1.302 (A*27/2000) ------------------------------------------------------------------------------- C CUT VOLUME OF STOCKPILE, YD(3) 1.118 FROM SURVEY ------------------------------------------------------------------------------- D FILL VOLUME OF STOCKPILE, YD(3) 10557.335 FROM SURVEY ------------------------------------------------------------------------------- E TOTAL VOLUME OF STOCKPILE, YD(3) 10558.453 (C+D) ------------------------------------------------------------------------------- F TOTAL PRODUCT IN STOCKPILE, TONS 13744.477 (E*B) ------------------------------------------------------------------------------- REMARKS: 249 [GRAPHIC OMITTED] 250 SCHEDULE 4.17 CUSTOMERS See attached Customers Lists. 251 TOP 10 CUSTOMERS BY PLANT 2000
Beck Street Ready Mix Park City Ready Mix Customer Name Volume Customer Name Volume 1 * * 1 * * 2 * * 2 * * 3 * * 3 * * 4 * * 4 * * 5 * * 5 * * 6 * * 6 * * 7 * * 7 * * 8 * * 8 * * 9 * * 9 * * 10 * * 10 * * Point of Mountain Ready Mix Heber Ready Mix Customer Name Volume Customer Name Volume 1 * * 1 * * 2 * * 2 * * 3 * * 3 * * 4 * * 4 * * 5 * * 5 * * 6 * * 6 * * 7 * * 7 * * 8 * * 8 * * 9 * * 9 * * 10 * * 10 * * Bacchus 2 Ready Mix Beck Street Sand & Gravel Customer Name Volume Customer Name Volume 1 * * 1 * * 2 * * 2 * * 3 * * 3 * * 4 * * 4 * * 5 * * 5 * * 6 * * 6 * * 7 * * 7 * * 8 * * 8 * * 9 * * 9 * * 10 * * 10 * *
--------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 252 3/30/01 EAGLE VALLEY TOP 10 READY MIX SALES FOR 2000 Cust # Customer Name Quantity 1 * * 44 * * 15 * * 31 * * 4 * * 2380 * * 18 * * 47 * * 24 * * 53 * * --------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 253 3/30/01 VALLEY ASPHALT TOP 10 READY MIX SALES FOR 2000 Cust # Customer Name Quantity 9999999 * * 17270 * * 2900 * * 6720 * * 17090 * * 210 * * 16450 * * 4560 * * 11270 * * 11880 * * --------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 254 3/30/01 FALCON RIDGE TOP 10 AGGREGATE SALES FOR 2000 Cust # Customer Name Quantity 40057 * * 40144 * * 40135 * * 40092 * * 40554 * * 40018 * * 40168 * * 40188 * * 40032 * * 40222 * * --------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 255 3/30/01 GEODYNE TOP 10 ASPHALT SALES FOR 2000 Cust # Customer Name Quantity 40113 * * 40131 * * 40129 * * 40151 * * 40192 * * 40017 * * 40032 * * 40398 * * 40460 * * 40387 * * --------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 256 SCHEDULE 4.18 PRODUCT LIABILITY NONE 257 SCHEDULE 4.20 SUFFICIENCY OF ASSETS NONE 258 SCHEDULE 5.3.1 BUYER FINANCIAL STATEMENTS
STAKER LEHI BUDGET 1997 1998 1999 2000 2001 ----------------------------------------------------------------------------------------------------------------------------- Agg Tons (Ext) 1,479,483 3,131,473 1,655,959 1,747,548 570,000 Agg Tons (Int) 177,712 354,228 401,711 427,653 158,127 Agg Price (Ext) 1.61 0.94 1.37 1.31 2.92 Agg Price (Int) 3.08 3.11 3.12 3.19 2.72 Agg Sales (Ext) 2,380,044 2,937,769 2,275,187 2,288,462 1,666,100 Agg Sales (Int) 547,766 1,102,684 1,253,927 1,363,440 430,417 Agg Cost/Ton 1.37 0.47 0.81 1.02 2.09 Agg MC 653,950 2,416,147 1,860,408 1,433,737 573,399 Agg MC % 26% 59.8% 52.7% 39.3% 27.4% ----------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- Asphalt Tons (Ext) 0 5,228 3,855 1,240 0 Asphalt Tons (Int) 0 196,604 241,550 241,463 0 Asphalt Price (Ext) 0 18.56 18.51 23.26 0 Asphalt Price (Int) 0 16.64 19.53 22.22 0 Asphalt Sales (Ext) 0 97,044 71,351 28,837 0 Asphalt Sales (Int) 0 3,271,951 4,717,347 5,364,566 0 Asphalt Cost/Ton 0 15.90 17.70 19.48 0 Asphalt MC 0 159,162 446,253 664,935 0 Asphalt MC % 0 4.7% 9.3% 12.3% 0 ----------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- RM Yards 0 0 0 0 RM Price 0.00 0.00 0.00 0.00 RM Sales 0 0 0 0 0 RM Cost/Yard 0.00 0.00 0.00 0.00 RM MC 0 0 0 0 0 RM MC % 0% 0% 0% 0% ----------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- Const Sales 0 11,009,824 15,096,875 19,003,138 0 Const MC 0 781,698 1,207,750 1,634,270 0 Const MC% 0 7.1% 8.0% 8.6% 0.0% ----------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- Trans & Other Sales 238,004 200,986 153,874 216,863 166,610 Trans & Other MC 23,800 1,231,166 1,133,434 1,407,385 16,661 Trans & Other MC% 10% 613% 737% 649% 10% ----------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- Summary: Total Sales (Ext) 2,618,048 14,245,623 17,597,287 21,537,300 1,832,710 Total MC 677,750 4,588,173 4,647,845 5,140,327 590,060 Total MC% 25.9% 32.2% 26.4% 23.9% 32.2% Controllable FOH % 13.4% 13.7% 12.1% 13.4% 11.9% FOH & SG&A 351,444 1,947,270 2,123,383 2,885,664 217,237 ------------------------------------------------------------------------------------------------- PBDIT (before leases) 326,307 2,640,903 2,524,462 2,254,663 372,823 Depreciation/Leases 158,769 821,054 877,411 1,238,364 96,966 ------------------------------------------------------------------------------------------------- PBIT 167,538 1,819,848 1,647,050 1,016,299 275,857 PBIT % 6% 12.8% 9.4% 4.7% 15.1% -----------------------------------------------------------------------------------------------------------------------------
259
STAKER KEIGLEY BUDGET 1997 1998 1999 2000 2001 -------------------------------------------------------------------------------------------------------------------------------- Agg Tons (Ext) 0 0 17,814 212,046 284,500 Agg Tons (Int) 0 0 4,587 64,985 468,512 Agg Price (Ext) 0 0 3.82 3.43 4.18 Agg Price (Int) 0 0 7.00 3.82 4.00 Agg Sales (Ext) 0 0 68,009 728,319 1,188,377 Agg Sales (Int) 0 0 32,111 247,986 1,873,151 Agg Cost/Ton 7.26 4.54 2.93 Agg MC 0 0 (62,622) (282,136) 858,259 Agg MC % 0 0 -62.5% -28.9% 28.0% -------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------- Asphalt Tons (Ext) 0 0 0 0 30,000 Asphalt Tons (Int) 0 0 0 0 220,355 Asphalt Price (Ext) 0 0 0 0 21.78 Asphalt Price (Int) 0 0 0 0 19.94 Asphalt Sales (Ext) 0 0 0 0 653,250 Asphalt Sales (Int) 0 0 0 0 4,393,720 Asphalt Cost/Ton 0 0 0 0 17.67 Asphalt MC 0 0 0 0 622,961 Asphalt MC % 0 0 0 0 12.3% -------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------- RM Yards 0 0 0 0 RM Price 0.00 0.00 0.00 0.00 RM Sales 0 0 0 0 0 RM Cost/Yard 0.00 0.00 0.00 0.00 RM MC 0 0 0 0 0 RM MC % 0% 0% 0% 0% -------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------- Const Sales 0 0 0 0 16,306,270 Const MC 0 0 0 0 1,785,537 Const MC% 0 0 0 0 11.0% -------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------- Trans & Other Sales 0 0 110,930 555,678 590,220 Trans & Other MC 0 0 43,245 181,698 1,027,323 Trans & Other MC% 0 0 39% 33% 174% -------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------- Summary: Total Sales (Ext) 0 0 178,939 1,283,997 18,738,117 Total MC 0 0 (19,377) (100,438) 4,294,080 Total MC% -10.8% -7.8% 22.9% Controllable FOH % 12.1% 13.4% 11.9% FOH & SG&A 0 0 21,592 172,036 2,221,088 ---------------------------------------------------------------------------------------------- PBDIT (before leases) 0 0 (40,969) (272,474) 2,072,992 Depreciation/Leases 0 0 8,922 73,828 991,405 ---------------------------------------------------------------------------------------------- PBIT 0 0 (49,891) (346,302) 1,081,587 PBIT % -27.9% -27.0% 5.8% --------------------------------------------------------------------------------------------------------------------------------
260 SCHEDULE 5.3.2 CERTAIN CHANGES NONE 261 SCHEDULE 5.3.3 TRANSFERS Those Excluded Buyer Assets listed on SCHEDULE 1.2A. Staker and Parson will move certain equipment and assets which are not primarily used in the Business (and other than that which is listed on SCHEDULE 1.1A) from Keigley Quarry to another site owned by Parson. 262 SCHEDULE 5.5.1 LITIGATION NONE 263 SCHEDULE 5.5.3 LICENSES, PERMITS AND AUTHORIZATIONS The following permits pertain to the corresponding properties: SITE- KEIGLEY QUARRY: -------------------- DOGM Permit # M/049/001, State of Utah, Division of Oil, Gas & Mining. Crusher Use (Grand fathered) Hot Plant Conditional Use Permit, Appeal #'s 1313 & 1338, Utah County Board of Adjustment. Ready Mix Plant Conditional Use Permit, Appeal # 1314 Crusher Air Quality, (Grand fathered on existing equipment) Ready Mix Air Quality Permits Pending Approval Ready Mix Plant is permitted as Small Source Exemption for 250,000 cy per year. SITE- POINT OF THE MOUNTAIN: --------------------------- Crusher Conditional Use Permit, Appeal # 1182, Utah County Board of Adjustment. Ready Mix Plant Conditional Use Permit, Appeal #1242 Ready Mix Plant is permitted as Small Source Exemption for 250,000 cy per year. Easement Agreement with Provo River Water Users Association to pipe over underground canal. Water Contract with Salt Lake Water Conservancy District for 100 acre feet per year at $300 per acre foot (valid through 2006). Additional water to be purchased at $10 per 1000 gallons. 264 SCHEDULE 5.6(a) ACQUIRED STAKER ASSETS NONE 265 SCHEDULE 5.6(b) ENCUMBRANCES NONE 266 SCHEDULE 5.6.1(a) REAL PROPERTY SITE: KEIGLEY QUARRY PARCEL K: -------- PLACER MINING CLAIMS, SITUATED IN THE ELDORADO MINING DISTRICT, UTAH COUNTY, UTAH, DESCRIBED AS FOLLOWS: Township 9 South, Range 1 East, Salt Lake Base and Meridian Columbia Placer No. 19 embracing the Southwest Quarter of the Northeast Quarter of the Southeast Quarter, and the Southeast Quarter of the Northwest Quarter of the Southeast Quarter of Section 22. Columbia Place No. 22 embracing the Southwest Quarter of the Northeast Quarter of the Northeast Quarter, and the Northwest Quarter of the Southeast Quarter of the Northeast Quarter of Section 22. Columbia Placer No. 26 embracing the West Half of the Northeast Quarter of the Northwest Quarter of Section 22. Columbia Placer No. 27 embracing the East Half of the Northwest Quarter of the Northwest Quarter of Section 22. Columbia Placer No. 28 embracing the West Half of the Northwest Quarter of the Northwest Quarter of Section 22. Columbia Placer No. 30 embracing the West Half of the Southwest Quarter of the Southwest Quarter of Section 15. Columbia Placer No. 31 embracing the East Half of the Southwest Quarter of the Southwest Quarter of Section 15. Columbia Placer No. 32 embracing the West Half of the Southeast Quarter of the Southwest Quarter of Section 15. Columbia Placer No. 29 embracing the following: Beginning at a point on line 1-2, this survey, identical with the West line of Section 22, Township 9 South, Range 1 East, Salt Lake Base and Meridian, that bears North 00(Degrees)26' West 1131.5 feet from the Corner No. 1, identical to the West Quarter Corner of Section 22, and South 00(degrees)26' East 186.95 feet from the Corner No. 2, this said point being offset 50.0 feet at right angles to the center line of the Strawberry High Line Canal and at the intersection of the Easterly right of way boundary of said canal with line 1-2; and running thence North 00(degrees)26' West 186.95 feet to Corner No. 2; thence North 89(degrees)07' East 661.6 feet to Corner No. 3; thence South 00(degrees)23' East 1150.15 feet along line 3-4 to a point that bears North 00(degrees) 23' West 168.2 feet from Corner No. 4; this said point being offset 50.0 feet at right angles to the center line of the Strawberry High Line Canal and is at the intersection of the Easterly right of way boundary with line 3-4; thence North 36(degrees)23' West 180.9 feet along said canal right of way to a point of curve; thence along said curve to the left, radius 451.8 feet for an arc distance of 114.1 feet, subtending a central angle of 14(degrees)28'; to the P.T.; thence North 50(degrees)51' West 93.7 feet to a point of curve; thence along said curve to the right, radius 250.0 feet, for an arc distance of 89.1 feet to the P.T., subtending a central angle of 20(degrees)25'; thence North 30(degrees)26' West 694.2 feet to the point of beginning. NOTE: Description does not close. PARCEL L: -------- Placer mining claims described as: Columbia Placer No. 6 embracing the East Half of the Southwest Quarter of the Southwest Quarter of Section 23. Columbia Placer No. 7 embracing the Northwest Quarter of the Southwest Quarter of the Southwest Quarter of Section 23 and the Northeast Quarter of the Southeast Quarter of the Southwest Quarter of Section 22. Columbia Placer No. 8 embracing the Southwest Quarter of the Northwest Quarter of the Southwest Quarter of Section 23 and the Southwest Quarter of the Northeast Quarter of the Southeast Quarter of Section 22. Columbia Placer No. 9 embracing the West Half of the Northwest Quarter of the Southeast Quarter of Section 22. 267 Columbia Placer No. 12 embracing the South Half of the Southeast Quarter of the Northwest Quarter of Section 22. Columbia Placer No. 14 embracing the Northeast Quarter of the Southwest Quarter of the Southeast Quarter, and the Northwest Quarter of the Southeast Quarter of the Southeast Quarter of Section 22. Columbia Placer No. 15 embracing the North Half of the Southeast Quarter of the Northwest Quarter of Section 22. Columbia Placer No. 17 embracing the North Half of the Northeast Quarter of the Southeast Quarter of Section 22. Columbia Placer No. 18 embracing the South Half of the Southeast Quarter of the Northeast Quarter of Section 22. Columbia Placer No. 10 embracing the East Half of the Northeast Quarter of the Southwest Quarter of Section 22, Township 9 South, Range 10 East, Salt Lake Base and Meridian, Utah, less the following described tract of land: Commencing at a point 1314.2 feet North and 459.3 feet West from the South Quarter Corner of Section 22, Township 9 South, Range 1 East, Salt Lake Base and Meridian, which point lies on the South boundary of the Northeast Quarter of the Southwest Quarter of said Section; thence North 23(degrees)12' West 66.5 feet; thence along a curve to the left with a radius of 315.0 feet for an arc distance of 107.6 feet; thence North 42(degrees)46' West 150.0 feet; thence South 249.8 feet; thence East 200.7 feet to the point of beginning. NOTE: Exception does not close. Placer No. 11 embracing the West Half of the Northeast Quarter of the Southwest Quarter of Section 22, Township 9 South, Range 1 East, Salt Lake Base and Meridian, Utah, less the following described tract of land: Commencing at a point 1314.2 feet North and 660 West of the South Quarter Corner of Section 22, Township 9 South, Range 1 East, Salt Lake Base and Meridian, which point lies on the South boundary of the Northeast Quarter of the Southwest Quarter of said Section; thence North 249.8 feet; thence North 42(degrees)46' West 187 feet; thence along a curve to the left having a radius of 4075 feet for an arc distance of 263.2 feet; thence North 46(degrees)28' West 413.2 feet; thence South 899.1 feet; thence East 660 feet, more or less, to the point of beginning. NOTE: Exception does not close. Columbia Placer No. 16 embracing the East Half of the Southwest Quarter of the Northwest Quarter of Section 22, Township 9 South, Range 1 East, Salt Lake Base and Meridian, Utah, less the following described tract of land: Commencing at a point 660 feet East, more or less, from the West Quarter Corner of Section 22, Township 9 South, Range 1 East, Salt Lake Base and Meridian; thence North 192.2 feet; thence along the center line of the Strawberry High Line Canal No. 34, thence South 36(degrees)04' East 36.9 feet; thence along a curve to the left having a radius of 750 feet for an arc distance of 200.9 feet; thence West along the South boundary of the Northwest Quarter of said Section 140.0 feet to the point of beginning. NOTE: Exception does not close. All in Township 9 South, Range 1 East of the Salt Lake Base and Meridian, Utah County, Utah. PARCEL M: -------- The Columbia Placer No. 5 placer mining claim, situate in the Eldorado Mining District, Utah County, Utah, described as follows: Lot 1, Section 22, Township 9 South, Range 1 East, Salt Lake Base and Meridian. PARCEL N: -------- Payson Placer Mining Claim placer mining claim, situate in the Eldorado Mining District, Utah County, Utah, described as the North Half of the Northeast Quarter, the Southeast Quarter of the Northeast Quarter, and the East Half of the Southwest Quarter of the Northeast Quarter of Section 27, Township 9 South, Range 1 East, Salt Lake Base and Meridian. PARCEL O: -------- 268 Commencing South 103.100 feet of the North Quarter Corner of Section 27, Township 9 South, Range 1 East, Salt Lake Base and Meridian; thence South 709.930 feet; thence North 41(degrees)42'00" West 64.920 feet; thence North 34(degrees)32'00" West 50.660 feet; thence North 26(degrees)16'00" West 66.930 feet; thence North 13(degrees)54'0" West 127.290 feet; thence North 3(degrees)5'0" West 152.700 feet; thence North 23(degrees)27'00" East 14.453 feet; thence North 3(degrees)5'0" West 106.926 feet; thence North 23(degrees)27'0" East 87.100 feet; thence North 52(degrees)44'0" East 72.770 feet; thence North 22(degrees)42'0" East 87.610 Feet; thence North 103.100 feet; thence South 5(degrees)46'59" East 146.007 feet to the point of beginning. Less and excepting (but not only to the extent not owned by Grantor) any portion there of not lying within the following described parcel: Commencing South 103.100 feet from the North Quarter Corner of Section 27, Township 9 South, Range 1 East, Salt Lake Base and Meridian; thence South 589.900 feet; thence North 41(degrees)42'0" West 64.920 feet; thence North 34(degrees)32'0" West 50.660 feet; thence North 26(degrees)16'0" West 66.930 feet; thence North 13(degrees)54'0" West 127.290 feet; thence North 3(degrees)5'0" West 45.774 feet; thence North 23(degrees)27'0" East 27.647 feet; thence North 52(degrees)44'0" East 72.770 feet; thence North 22(degrees)42'0" East 87.610 feet; thence North 10(degrees)41'58" East 79.245 feet to the point of beginning. NOTE: Description does not close. PARCEL P: -------- Commencing at the Southwest Corner of the Northwest Quarter of Section 26, Township 9 South, Range 1 East, Salt Lake Base and Meridian; thence North 20 chains; thence East 13.26 chains; thence South 21(degrees)50' West 4.97 chains; thence South 38(degrees)55' West 12.60 chains; thence South 2.98 chains; thence South 80(degrees) East 3.68 chains; thence South 50 feet; thence South 80(degrees) East 7.53 chains; thence West 14.55 chains to beginning. NOTE: Description does not close. PARCEL Q: -------- Beginning at the center of Section 27, Township 9 South, Range 1 East, Salt Lake Base and Meridian; thence North 0(degrees)11' West 291.2 feet along the Quarter Section line to the center line of the concrete canal lateral; thence North 68(degrees)02' East 156.8 feet; thence North 71(degrees)30' East 147.3 feet; thence North 74(degrees)51' East 141.8 feet, which point is also the center line of said concrete canal lateral; thence North 31(degrees)05' East 191.7 feet along a fence line; thence North 2(degrees)44' East 331.1 feet along a fence line; thence North 39(degrees)38' West 318.0 feet along fence line; thence North 43(degrees)52' West 220.8 feet along fence line to the intersection of the North line of the Southeast Quarter of the Northeast Quarter of said Section 27; thence North 89(degrees)17' East 476.0 feet to the Northeast Corner of the West Half of the Southwest Quarter of the Northeast Quarter; thence South 0(degrees)14' East 1330.75 feet to the Quarter Section Line; thence South 89(degrees)21' West 661.05 feet to the point of beginning. Together with Appurtenance No. 20: Easement, dated May 9, 1951, executed by Ephraim R. Nelson and Radcliffe Nelson, collectively as grantors, and Geneva, as Grantee, and recorded in the Official Records as Entry No. 5253 in Book 550 at Page 500. PARCEL R: -------- A parcel of land situated in the Northwest Quarter of the Southwest Quarter of Section 22, Township 9 South, Range 1 East, Salt Lake Base and Meridian, Utah County, Utah, described as follows: Beginning at a point located on the center line of Lateral No. 34 of the Strawberry High Line Canal; thence North 89(degrees)22' East 734.03 feet from the West Quarter Corner of said Section 22 and running thence North 89(degrees)22' East 575.49 feet to the Northwest Corner of Columbia Placer Mining Claim No. 11; thence South 0(degrees)06' East 464.36 feet along the Westerly boundary of said claim to its point of intersection with the center line of said canal; thence North 46(degrees)28' West 164.60 feet; thence, tangent to the last described course, along a curve to the left having a radius of 750 feet and a chord of 111.82 feet bearing North 50(degrees)44'30" West an arc distance of 111.90 feet; thence, tangent to the last described course, North 55(degrees)01' West 329.70 feet; thence, tangent to the last described course, along a curve to the right having a radius of 750 feet and a chord of 130.73 feet bearing North 50(degrees)01 West an arc distance of 130.90 feet to the point of beginning. 269 Less and excepting any portion lying within the bounds of the Strawberry High Line Canal. PARCEL S: -------- Placer mining claim, particularly described as follows: Columbia Placer No. 1 embracing the South Half of the Northwest Quarter of the Northwest Quarter of Section 26, Township 9 South, Range 1 East, Salt Lake Base and Meridian. Columbia Placer No. 2 embracing the North Half of the Northwest Quarter of the Northwest Quarter of said Section 26. Columbia Placer No. 3 embracing the Southwest Quarter of the Southwest Quarter of the Southwest Quarter of Section 23, and the Southeast Quarter of the Southeast Quarter of the Southeast Quarter of Section 22, Township 9 South, Range 1 East, Salt Lake Base and Meridian. Columbia Placer No. 4 embracing the Southwest Quarter of the Southeast Quarter of the Southeast Quarter of Section 22, and the Southeast Quarter of the Southwest Quarter of the Southeast Quarter of Section 22, Township 9 South, Range 1 East, Salt Lake Base and Meridian. SITE: POINT OF MOUNTAIN (PACIFIC WEST PROPERTY) Legal description taken directly from the SAND, GRAVEL AND ASSOCIATED BORROW MATERIAL LEASE dated April 1, 1998 between PACIFIC WEST ROYALTY COMPANY and STAKER PAVING & CONSTRUCTION COMPANY: A parcel of land situate in the East Half (El/2) of Section 23 and the Southwest Quarter of Section 24, Township 4 South, Range 1 West of The Salt Lake Meridian. Salt Lake and Utah Counties. State of Utah, bounded and described as follows: Commencing at the southeast corner of said Section 23; thence along the east line of said Section. North 00 degrees 05 minutes 04 seconds East, 331.63 feet to a point that is 100. 00 feet radially distant northeasterly from the centerline of the main track of Union Pacific Railroad Company and the TRUE POINT OF BEGINNING, said point being on a nontangent curve, concave northeasterly, to which point a radial line bears South 22 degrees 51 minutes 15 seconds West, 998.70 feet; thence along a line that is parallel with and/or concentric with said centerline of main track the following four (4) courses: 1) northwesterly, along said curve, through a central angle of 54 degrees 09 minutes 41 seconds, 944.07 feet to the beginning of a decreasing spiral curve to the right that is concentric with a 30 MPH UPRRCo. spiral curve on said centerline, said centerline spiral curve having six 30-foot chords and one 24.75-foot chord; 270 2) northwesterly, along said spiral curve, through a spiral angle of Os degrees 21 minutes 18 seconds, the long chord of which bears North 09 degrees 30 minutes 13 seconds West, 195.33 feet; 3) North 07 degrees 37 minutes 46 seconds West, 1094.08 feet to the beginning of a curve, concave easterly, having a radius of 6,031.20 feet; 4) northerly along said curve, through a central angle of 12 degrees 49 minutes 04 seconds, 1,349.27 feet to a point that is 300.0 feet distant southerly from the north line of the Southeast Quarter of the Northeast Quarter (SE 1/4NE1/4) of said Section 23; thence parallel with said north line, South 89 degrees 52 minutes 22 seconds East. 796.35 feet to a point on the east line of said Section; thence along said east line, South 00 degrees 05 minutes 04 seconds West, 1,020.00 feet to `the east quarter corner of said section; thence along the east-west centerline of said Section 24, South 89 degrees 56 minutes 27 seconds East, 150.00 feet; thence parallel with the west line of said Section 24, South 00 degrees 05 minutes 04 seconds West, 2,298.59 feet to a point on a nontangent curve, concave northeasterly, to which point a radial line bears South 17 degrees 06 minutes 09 seconds West, 1,145.92 feet; thence southeasterly, along said curve, through a central angle of 03 degrees 38 minutes 29 seconds, 72.83 feet: thence South 48 degrees 16 minutes 00 seconds West. 53.96 feet to a point that is 100. 00 feet radially distant northeasterly from said centerline of main track, said point being on a nontangent curve, concave northeasterly, to which point a radial line bears South 12 degrees 00 minutes 57 seconds West, 998.70 feet; thence northwesterly, concentric with said centerline and along said curve, through a central angle of 10 degrees 50 minutes 18 seconds, 188.92 feet to the TRUE POINT OF BEGINNING. Said parcel contains an area of 59.1 acres, more or less. 271 SCHEDULE 5.6.1(c) ZONING; NON-CONFORMING USE All uses are conforming under Conditional Use Permits. See SCHEDULE 5.13 for conditional use permit and grandfathered information. 272 SCHEDULE 5.6.1(c)(B) EXCEPTIONS TO ZONING AND NON-CONFORMING USE NONE 273 SCHEDULE 5.6.1(d) CONDEMNATION AND EMINENT DOMAIN PROCEEDINGS NONE 274 SCHEDULE 5.6.1(g) SPECIAL TAXES; PLANNED IMPROVEMENTS; NOTICES 1. Pacific West Royalty LLC property located in Salt Lake County/Utah County is included within the boundaries of Salt Lake County Sewage Improvement District #1 and is subject to the charges and assessments made thereby. 275 SCHEDULE 5.6.1(h) STRIPS AND GORES AFFECTING THE PROPERTY; ABSENCE OF ACCESS RIGHTS NONE 276 SCHEDULE 5.6.1(j) STAKER WATER RIGHTS POINT OF THE MOUNTAIN None KEIGLEY QUARRY SOURCE CFS DATE CERT NO. APPL. NO. PLACE OF USE ---------- ----- ----- ------ -------- ------------------ Underg Well .071 1944 4385 A-15661 T9S,R1E,SLM Sec 27 Underg Well .124 1949 4530 A-20729 T9S,R1E,SLM Sec 27 277 SCHEDULE 5.6.1(k) STAKER MINERAL RIGHTS POINT OF THE MOUNTAIN None KEIGLEY QUARRY Fee Simple ownership in lands described in Schedule 5.6.1(a) - Real Property Un-patented mining claims - Placer Mining Claims KQ1 through and including KQ38; Hayes Mill Site Claim No. 1, 2 and 3 278 SCHEDULE 5.6.1.1 EXCEPTIONS TO ASSETS IN GOOD CONDITION None, except otherwise indicated on SCHEDULE 1.1A(a) - Acquired Buyer's Assets as inoperable. 279 SCHEDULE 5.6.1.5 REQUIRED CONSENTS TO ASSIGNMENT OF PROPERTY LEASES SITE- KEIGLEY QUARRY NONE SITE- POINT OF THE MOUNTAIN The prior written consent of Pacific West Royalty LLC is required to assign the lease between Pacific West Royalty LLC (Lessor) and Staker Paving and Construction Company, Inc. (Lessee) dated April 1, 1998. Will now be a Co-Occupancy Agreement with a combined lease. The prior written consent of Geneva Rock is required to assign the lease between UDOT/Geneva Rock and Staker Paving and Construction Company, Inc. dated March 5, 1997. Water Contract with Salt Lake Water Conservancy District for 100 acre feet per year at $300 per acre foot (good through 2006). Additional water to be purchased at $10 per 1000 gallons. 280 SCHEDULE 5.6.1.6 VIOLATION OF LAW NONE 281 SCHEDULE 5.6.1.7 ASSETS OUTSIDE OF THE STATE OF UTAH NONE 282 SCHEDULE 5.6.2(a) LIENS ON PERSONAL PROPERTY NONE 283 SCHEDULE 5.6.2(b) CONDITION OF PERSONAL PROPERTY No personal property is to remain at the Point of the Mountain location, other than Staker's ready mix plant until it is removed. 284 SCHEDULE 5.8.2 EMPLOYEE BENEFIT PLANS STAKER EMPLOYEE BENEFIT PLANS: PENSION 401(k) HEALTH AND WELFARE (self-insured; Plan Administrator, Smith Administrators) Medical Coverage Dental Coverage - (includes orthodontics) Prescription Coverage Vision Coverage Term Life Coverage - (supplemental also available, employee paid) Long Term Care - available (employee paid benefit) 285 SCHEDULE 5.8.2(b) OBLIGATIONS TO CONTRIBUTE TO MULTI-EMPLOYER PLANS NONE 286 SCHEDULE 5.8.2(c) OBLIGATIONS TO CONTRIBUTE TO PENSION PLANS Traditionally, although not mandatory, Parson matches 50% of every dollar contributed to the company's 401k plan, up to maximum 3%. 287 SCHEDULE 5.8.7 COLLECTIVE BARGAINING AGREEMENTS NONE 288 SCHEDULE 5.8.7(b) LABOR GRIEVANCES None pertaining to Keigley Quarry or Point of the Mountain. 289 SCHEDULE 5.9.1 EMPLOYEE COMPENSATION The following list shows only those employees identified as POSSIBLY coming over to any of the Sellers from Staker: EMPLOYEE NAME LOCATION JOB CLASSIFICATION EMPLOYEE DOH SALARY * Keigley Scale & Screen Operator 10/25/99 $ * * Keigley Dust Mill Operator & Foreman 10/25/99 $ * * Keigley Water Truck Driver 3/24/97 $ * * Keigley Labor/Loader Operator 7/12/00 $ * * Keigley Loader Operator 8/28/00 $ * * Keigley Loader & Shovel Operator 10/25/99 $ * * Keigley Maintenance 10/25/99 $ * * Lehi Loader Operator 3/19/93 $ * * Lehi Loader Operator 10/4/99 $ * * Lehi Loader Operator 9/21/98 $ * * Lehi Loader Operator 7/28/89 $ * * Lehi Scale Operator 8/30/96 $ * --------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 290 SCHEDULE 5.10.1 MATERIAL CONTRACTS 1. Those Contracts to be assumed by Seller listed on SCHEDULE 1.1A(e). 2. Those property leases to be assumed by Seller listed on SCHEDULE 1.4(c). 3. Those Contracts listed on SCHEDULE 5.8.7. 291 SCHEDULE 5.11.1 HAZARDOUS MATERIALS POINT OF MOUNTAIN Some stained soil. KEIGLEY QUARRY Some stained soil. Electrical equipment on the property, such as transformers and capacitors which may contain PCBs. Some pipe insulation which may contain asbestos. 292 SCHEDULE 5.11.2 ENVIRONMENTAL REQUIREMENTS See SCHEDULES 5.5.3, 5.6.1.6, 5.11.1, 5.11.3, 5.11.4, 5.13 293 SCHEDULE 5.11.3 NOTICE OF VIOLATIONS NONE 294 SCHEDULE 5.11.4 POTENTIALLY RESPONSIBLE PARTIES NONE 295 SCHEDULE 5.13 REGULATORY APPROVALS SITE- KEIGLEY QUARRY: -------------------- DOGM Permit # M/049/001, State of Utah, Division of Oil, Gas & Mining. Crusher Use (Grand fathered) Hot Plant Conditional Use Permit, Appeal #'s 1313 & 1338, Utah County Board of Adjustment. Ready Mix Plant Conditional Use Permit, Appeal # 1314 Crusher Air Quality, (Grand fathered on existing equipment) Ready Mix Air Quality Permits Pending Approval Ready Mix Plant is permitted as Small Source Exemption for 250,000 cy per year. SITE- POINT OF THE MOUNTAIN: --------------------------- Crusher Conditional Use Permit, Appeal # 1182, Utah County Board of Adjustment. Ready Mix Plant Conditional Use Permit, Appeal #1242 Ready Mix Plant is permitted as Small Source Exemption for 250,000 cy per year. Easement Agreement with Provo River Water Users Association to pipe over underground canal. Water Contract with Salt Lake Water Conservancy District for 100 acre feet per year at $300 per acre foot (good through 2006). Additional water to be purchased at $10 per 1000 gallons. 296 SCHEDULE 5.14 INVENTORIES As of March 26, 2001, estimate of Inventories: KEIGLEY QUARRY 20,000 tons #4 Minus 15,000 tons 1 1/2" Rock 15,000 tons Fluxstone 2,000 tons 4" Minus 5,000 tons Crushed Cobble Rock 21,000 tons Commercial Roadbase KEIGLEY DUST MILL (AT KEIGLEY QUARRY) 100 tons of Bulk Rock Dust 435 Pallets 124,000 Rock Dust Bags POINT OF THE MOUNTAIN 1,000 tons 1/8" minus sand 18,000 tons #4 minus Crusher fines 31,000 tons #4 minus sand 3,000 tons #4 X #6 Fines 5,000 tons 3/8" X #4 Rock 1,000 tons 1/2" X #4 Rock 2,000 tons 3/4" X 1/2" Rock 6,000 tons 7/8" X 3/8" Rock 2,000 tons 1 1/2" X 7/8" Rock 97,000 tons 3/4" Roadbase 297 SCHEDULE 5.17 CUSTOMERS SITE- KEIGLEY QUARRY 1. * 2. * 3. * 4. * 5. * 6. * 7. * 8. * 9. * 10. * SITE- POINT OF MOUNTAIN 1. * 2. * 3. * 4. * 5. * 6. * 7. * 8. * 9. * 10. * --------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 298 SCHEDULE 5.18 PRODUCT LIABILITY NONE 299 SCHEDULE 5.20 SUFFICIENCY OF ASSETS NONE 300 SCHEDULE 6.2 EMPLOYEES * Dispatch Manager * Dispatcher * Dispatcher * R/M Supervisor --------------- * Omissions denoted by the asterisk are confidential materials separately filed with the Securities and Exchange Commission under a pending Confidential Treatment Request. 301 SCHEDULE 7.3 PROPERTIES NEEDING POWERS OF ATTORNEY Leland Yard 302 SCHEDULE 9.4(a) PROPERTIES TO BE SUBDIVIDED SITE 91- LELAND YARD Leland Yard (co-occupancy and Seller has the right to use the main office, shop and gravel stock pile) 303