1
EXHIBIT 4.17
LIMITED WAIVER
REGARDING DISPOSITION OF CERTAIN ASSETS
This LIMITED WAIVER REGARDING DISPOSITION OF CERTAIN ASSETS is made and
entered into as of November 23, 1999 (this "Waiver"), among (a) ITEQ, INC., a
Delaware corporation (the "Borrower"), (b) THE GUARANTORS signatories hereto as
guarantors, (c) BANKBOSTON, N.A., a national banking association having its
principal place of business at 000 Xxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000
(acting in its individual capacity, "BKB"), and the other lending institutions
which become parties to the Credit Agreement defined below (together with BKB,
the "Banks"), (d) DEUTSCHE BANK AG, as documentation agent (the "Documentation
Agent"), and (e) BANKBOSTON, N.A., as agent for the Banks (acting in such
capacity, the "Agent"). Capitalized terms used herein without definition shall
have the meanings assigned to such terms in the Credit Agreement defined below.
WHEREAS, the Borrower, the Guarantors, the Banks, the Documentation Agent
and the Agent have entered into that certain Revolving Credit Agreement, dated
as of October 28, 1997 (as heretofore amended, the "Credit Agreement"), pursuant
to which the Banks have extended credit to the Borrower on the terms set forth
therein;
WHEREAS, ITEQ Storage Systems, Inc. ("ITEQ Storage"), a Guarantor, wishes
to sell certain goods at auction, to be conducted in one or more auction sales;
WHEREAS, such goods consist of the field erect equipment and the remote
sales office equipment of the North-South and Union groups of ITEQ Storage, as
described on Annex A attached hereto (the "Specified Goods");
WHEREAS, the Borrower has requested that the Banks and the Agent waive the
provisions of Section 7.4 of the Credit Agreement and other provisions of the
Loan Documents to permit such auction sales free and clear of the Agent's
security interest in the Specified Goods sold; and
WHEREAS, the Banks and the Agent have agreed to honor such request upon the
terms and subject to the conditions contained herein;
NOW, THEREFORE, in consideration of the foregoing, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows:
SECTION 1. LIMITED WAIVER. For each auction sale, the Banks and the Agent
hereby consent to the sale of Specified Goods at such auction sale and to the
release by the Agent of the Agent's security interest in such Specified Goods,
subject to the satisfaction of each of the following conditions:
2
-2-
(a) such Specified Goods shall be sold only for cash paid within a
period of 20 days (or such other period as is approved in writing by the
Majority Banks) following the completion with such auction sale;
(b) the net cash proceeds of such auction sale, if not paid directly
to the Agent by the applicable purchasers, shall, upon receipt by the
Borrower or ITEQ Storage of such net cash proceeds, be forthwith paid to
the Agent for application to the Revolving Credit Loans;
(c) each of the Total Commitment of $115,000,000 and the second dollar
figure of $107,221,980.97, respectively, set forth in the first sentence of
Section 2.1 of the Credit Agreement, shall be permanently and automatically
reduced by an amount equal to the net cash proceeds of such auction sale,
such reduction to be effective at the time at which such net cash proceeds
are first received by the Borrower, ITEQ Storage or the Agent;
(d) the Agent and its counsel shall have reviewed and shall be
reasonably satisfied with the terms and conditions of the auction agreement
and the auctioneer chosen for such auction sale;
(e) unless otherwise waived in writing by the Majority Banks, after
otherwise giving effect to this Waiver, no Default or Event of Default
shall have occurred and shall be continuing at the time of such auction
sale or would occur as a result thereof;
(f) such auction sale shall have been completed by June 30, 2000 (or
such other period as is approved in writing by the Majority Banks); and
(g) the aggregate amount of net cash proceeds of the second and any
subsequent auction sales, together with the aggregate amount of net cash
proceeds from the first and any earlier auction sales, shall not be less
than $650,000 (or such other amount as is approved in writing by the
Majority Banks).
As used in this Section 1, the term "net cash proceeds" of an auction sale means
the gross cash proceeds of such auction sale, net of reasonable direct
transaction costs, such as auctioneer's fees, transfer taxes and professional
fees and expenses incurred on account of such auction sale.
SECTION 2. RELEASES, ETC. Upon satisfaction of the conditions set forth in
SECTION 1 as to each auction sale, the Agent is instructed by the Banks to
provide such Uniform Commercial Code or other releases and confirmations of
releases of the Agent's security interest in the Specified Goods sold at such
auction sale as the Borrower or ITEQ Storage may reasonably request. The Agent
may provide such releases and confirmations in escrow and in advance of the
satisfaction of such conditions so long as such releases and confirmations are
not released from
3
-3-
the escrow until satisfaction of such conditions. The Agent shall be entitled to
assume that any factual condition set forth in SECTION 1, not evident from the
Agent's own books and records, has been met unless the officers of the Agent
active upon the Borrower's account have actual knowledge that such condition has
not been met.
SECTION 3. CONDITIONS TO EFFECTIVENESS. This Waiver shall not become
effective until executed and delivered by the Borrower, the Guarantors, the
Banks and the Agent.
SECTION 4. REPRESENTATIONS, WARRANTIES AND COVENANTS. The Borrower hereby
represents and warrants to the Banks and the Agent that (a) the Specified Goods
are no longer used or useful in the operations of the businesses of the Borrower
and its Subsidiaries as such businesses are now proposed to be conducted, and
(b) all rights of the Borrower or ITEQ Storage under any auction agreement for
the auction of any Specified Goods, or under any purchase and sale agreement
arising out of the auction sale of any Specified Goods, constitute Collateral in
which the Agent has, for the benefit of the Banks and the Agent, a prior
perfected security interest to secure the payment and performance of the
Obligations. The Borrower covenants that, at no time prior to completion of the
auction sale for any Specified Goods, will the Borrower cause or permit such
Specified Goods to be located in a jurisdiction in which the Agent has not filed
Uniform Commercial Code financing statements perfecting the Agent's security
interest in such Specified Goods without providing at least 30 days' prior
written notice to the Agent.
SECTION 5. RATIFICATION, ETC. This Waiver is limited solely to the auction
sales of the Specified Goods upon the terms and subject to the conditions
contained herein. Except as expressly modified hereby, the Credit Agreement, the
other Loan Documents and all documents, instruments and agreements related
thereto are hereby ratified and confirmed in all respects and shall continue in
full force and effect. This Waiver is a Loan Document.
SECTION 6. COUNTERPARTS. This Waiver may be executed in any number of
counterparts, which together shall constitute one instrument.
SECTION 7. GOVERNING LAW. THIS WAIVER SHALL BE A CONTRACT UNDER THE LAWS OF
THE COMMONWEALTH OF MASSACHUSETTS, SHALL FOR ALL PURPOSES BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY THE INTERNAL LAWS OF SAID JURISDICTION, WITHOUT
REFERENCE TO CONFLICTS OF LAW, AND IS INTENDED TO TAKE EFFECT AS A SEALED
INSTRUMENT.
4
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as an
instrument under seal to be effective as of the date first above written.
THE BORROWER:
ITEQ, INC.
By: /s/ XXXXXXX X. XXXX
---------------------------------
Name: Xxxxxxx X. Xxxx
Title: President
5
THE GUARANTORS:
ITEQ MANAGEMENT COMPANY
EXELL, INC. (a Delaware corporation which is
successor by merger to EXELL. INC., a Texas
corporation)
ITEQ TANK SERVICES, INC. (successor by
merger to HMT TANK SERVICE, INC.)
RELIABLE STEEL, INC.
AIR-CURE DYNAMICS, INC.
AMEREX INDUSTRIES, INC.
XXXXXXXX, INC.
INTEREL ENVIRONMENTAL
TECHNOLOGIES, INC.
ALLIED INDUSTRIES, INC.
ITEQ CONSTRUCTION SERVICES, INC.
(f/k/a HMT CONSTRUCTION SERVICES,
INC.)
ITEQ INTELLECTUAL PROPERTIES, INC.
(f/x/a AIX INTELLECTUAL PROPERTIES,
INC.)
ITEQ INVESTMENTS, INC. (f/k/a
ASTROTECH INVESTMENTS, INC.)
TEXOMA TANK COMPANY, INC.
ITEQ STORAGE SYSTEMS, INC. (f/k/a
XXXXX-MINNEAPOLIS TANK &
FABRICATING CO., successor by merger to
HMT, INC., HMT SENTRY SYSTEMS, INC.
and TRUSCO TANK, INC.)
XXXXXX MANUFACTURING CO., INC.
(f/k/a XXXXXX HOLDING COMPANY,
successor by merger to XXXXXX TANK &
MFG. CO., INC., XXXXXX TANK
INTERNATIONAL, INC., XXXXXX POWER,
INC., and XXXXXX TANK & VESSEL, INC.)
G.L.M. ACQUISITION, L.L.C.
By: /s/ XXXXXXX X. XXXX
---------------------------------
Name: Xxxxxxx X. Xxxx
Title: President
6
THE LENDERS:
BANKBOSTON, N.A.,
individually and as Agent
By:/s/ XXXXXXXX XXXXXXX
---------------------------------
Name: Xxxxxxxx Xxxxxxx
Title: Vice President
DEUTSCHE BANK AG,
individually and as Documentation Agent
By:/s/ XXXXXXXX X. XXXXXXX
---------------------------------
Name: Xxxxxxxx X. Xxxxxxx
Title: Managing Director
By: /s/ XXXX XXXXXXXX
---------------------------------
Name: Xxxx Xxxxxxxx
Title: Vice President
BANK OF SCOTLAND
By: /s/ XXXXX XXXXX
---------------------------------
Name: Xxxxx Xxxxx
Title: Senior Vice President
BANK ONE, TEXAS, N.A.
By: /s/ XXXXXXX X. XXXXXX
---------------------------------
Name: Xxxxxxx X. Xxxxx
Title: Vice President
0
XXXXXXX (x/x/x Xxxxxx Xxxxxxx)
By: /s/ XXXXX XXXXXXX
---------------------------------
Name: Xxxxx Xxxxxxx
Title: Director
By: /s/ XXXXX XXXXXXXX
---------------------------------
Name: Xxxxx Xxxxxxxx
Title: Vice President
COMERICA BANK
By: /s/ XXXX X. XXXXXX
---------------------------------
Name: Xxxx X. Xxxxxx
Title: Vice President
THE FUJI BANK, LIMITED
By: /s/ XXXXXXX XXXXXXX
---------------------------------
Name: Xxxxxxx Xxxxxxx
Title: Vice President & Manager
HIBERNIA NATIONAL BANK
By: /s/ XXXXXXXXXXX XXXXX
---------------------------------
Name: Xxxxxxxxxxx Xxxxx
Title: Vice President
BANK OF AMERICA, N.A., (f/k/a NationsBank, N.A.)
By: /s/ XXXXXXX X. XXXXXXXXXXX, XX
---------------------------------
Name: Xxxxxxx X. Xxxxxxxxxxx, XX
Title: Managing Director
UNION BANK OF CALIFORNIA, N.A.
By: /s/ XXXXX XXXXX XXXXXXXX
---------------------------------
Name: Xxxxx Xxxxx XxXxxxxx
Title: Vice President
8
CHASE BANK TEXAS, NATIONAL ASSOCIATION (f/k/a Texas Commerce Bank, N.A.)
By: /s/ XXXXX X. SHILCUTT
---------------------------------
Name: Xxxxx X. Shilcutt
Title: Vice President
9
Annex A
SPECIFIED GOODS
10
November 9, 1999 PAGE: 1
UNION ASSET LISTING
Accumulated Depreciation Thru: 10/31/99
Co. asset Act. Acquired Acquired Accumulated
no Description Serial Number Code Date Value Depreciation Current NBV
--------- ---------------------------------- --------------- ------- --------- ---------- ------------- ------------
Class E
GRA001 GENERATOR (2) 6VF173230.242 A 04/01/96 35,000.00 24,694.44 10,305.56
GRA004 DIESEL GENERATOR (XXXXXXX & STEV) A 04/01/96 12,000.00 8,466.67 3,533.33
GRA010 REPR MIXER A 04/01/96 2,000.00 1,411.11 588.89
GRA013 MANTIS 3612 A 04/01/96 140,000.00 70,777.78 69,222.22
GRA014 WELDING MACHINE - JOB 410320 A 04/01/96 6,000.00 4,233.33 1,766.67
GRA015 LINCOLN X0000 X. XXXXX. A 04/01/96 2,500.00 1,763.89 736.11
GRA016 CUMMINS REPAIR A 04/01/96 4,000.00 2,822.22 1,177.78
GRA020 REBUILD WORK FLAT - CHIMNEY WK A 04/01/96 75,000.00 37,916.68 37,083.32
GRA021 XXXXXXX ENHANCEMENT - CHIMNEY A 04/01/96 75,000.00 37,916.68 37,083.32
GRA022 CATHEAD A 04/01/96 15,000.00 7,583.34 7,416.66
GRA002 12 XXXXXX 400 AMO WELD MACH A 01/01/98 12,000.00 8,466.67 3,533.33
GRA003 DIESEL GENERATOR (XXXXXXX & STEV) A 04/01/96 12,000.00 8,466.67 3,533.33
GRA005 WELDING MACHINE (8) A 04/01/96 12,500.00 8,819.44 3,680.56
GRA006 AIR COMPRESSOR(2) A 04/01/96 12,000.00 8,466.67 3,533.33
GRA008 XXXXXX WELDING MACHINE (8) A 04/01/96 45,000.00 31,750.00 13,250.00
009 POWER CLIMBER (2) A 04/01/96 6,000.00 4,233.33 1,766.67
XXX000 XXXXXX XXXXXX #00 A 04/01/96 2,000.00 1,411.11 588.89
GRA012 UNIT #1 GUNITE RIG REPR A 04/01/96 2,000.00 1,411.11 588.89
GRA017 REFIT WHEELABRATOR MACHINE A 04/01/96 75,000.00 52,916.67 22,083.33
GRA018 REP OIL COOLUER-SULLR MOD 20-125 A 04/01/96 500.00 352.78 147.22
(SN23504)
GRA019 STAK PAK PLASMA UNITS (5) A 04/01/96 12,000.00 8,466.67 3,533.33
GRA023 MANTIC CRANE # 105237 A 07/01/96 196,376.00 92,265.57 104,110.43
GRA024 MANTIS REPR 3612 A 08/01/96 8,478.00 5,416.50 3,061.50
GRA025 MANTIS REPR 3612 A 09/01/96 6,956.00 4,328.17 2,627.83
Class E
SubTotal
769,310.00 434,357.50 334,952.50
Grand Total: 769,310.00 434,357.50 334.952.50
========== ========== ==========
11
November 9, 1999 PAGE: 1
NORTH/SOUTH ASSET LISTING
Accumulated Depreciation Thru: 10/31/99
Co. asset Act. Acquired Acquired Accumulated
no Description Serial Number Code Date Value Description Current NBV
---------- ------------------------------ -------------- ---- -------- -------- ----------- -----------
Class A
XXXX MODEL R600 R685ST77213 A 07/01/84 2,500.00 2,447.91 52.09
Class A
SubTotal:
2,500.00 2,447.91 52.09
Class D
CEA644 GATEWAY2000 P5-90 PC GDBPENT090PI A 01/25/95 3,524.09 2,408.14 1,115.95
FF6718 CAD SYSTEM 4704AJ2B1086 A 05/01/87 7,260.00 6,292.00 968.00
FF6729 CAD STATION 4740AJ2B0514 A 12/01/87 3,440.00 2,981.31 458.69
443 ALTIMA COMPUTER W/40MB 94500984 A 03/30/90 1,145.00 992.31 152.69
444 EXPESS 386 PORT COMPUTER WT102675 A 04/10/90 1,875.00 1,625.00 250.00
CEA469 PORT COMPAQ W/10MB HD 1510060591 A 09/18/90 230.00 199.32 30.68
CEA454 GENICOM 4440 PRINTER 9018579510 A 06/29/90 3,230.00 2,799.32 430.68
CEA482 CAD SYSTEM 386 33MHZ TOW T011958 A 02/12/91 1,785.00 1,547.00 238.00
CEA482 CAD SYSTEM 386 33MHZ TOW T014315 A 02/12/91 1,785.00 1,547.00 238.00
CEA482 PLOTTERS FOR CAD SYSTEM 2938A15263 A 02/20/91 710.00 615.32 94.68
CEA482 PLOTTERS FOR CAD SYSTEM 2938A15270 A 02/20/91 710.00 615.32 94.68
CEA541 PLOTTER 3005L40174 A 04/10/92 610.00 528.68 81.32
CEA541 EPRESS 486 CAD STATION T032468 A 04/10/92 1,155.00 1,001.00 154.00
CEA541 EPRESS 486 CAD STATION T032672 A 04/10/92 1,155.00 1,001.00 154.00
CEA541 EPRESS 486 CAD STATION T032671 A 04/10/92 1,155.00 1,001.00 154.00
CEA541 EPRESS 486 CAD STATION T032669 A 04/10/92 1,155.00 1,001.00 154.00
CEA541 EPRESS 486 CAD STATION T032670 A 04/10/92 1,155.00 1,001.00 154.00
CEA551 NEC LASER PRINTER 292516930 A 04/09/92 705.00 611.00 94.00
CEA598 EXPRESS 486-33DX 54439 A 02/01/93 1,080.00 936.00 144.00
CEA616 486-33 COMPUTER 93151130 A 12/06/93 2,126.57 1,843.02 283.55
CEA621 486-33 COMPUTER 93219653 A 12/01/93 1,665.66 1,443.56 222.10
CEA622 486-33 COMPUTER 93328763 A 12/01/93 1,665.66 1,443.56 222.10
CEA628 386 NOTEBOOK COMPUTER 002428 A 12/14/93 878.63 761.48 117.15
CEA625 486DX-33MHZ PERS COMPUTER 93244835 A 01/28/94 2,350.22 2,036.85 313.37
CEA633 486DX2-66MHZ 107205 A 08/20/94 2,442.79 1,872.79 570.00
CEA673 486DX2-66 COMPUTER N159028033 A 06/16/95 2,205.18 1,323.10 882.08
CEA672 SWITCH BOX.CARTRIDGE.TRAY A 09/19/95 1,293.16 711.23 581.93
CEA681 LAPTOP COMPUTER 5704797UN A 08/05/95 3,439.12 2,006.16 1,432.96
CEA683 COMPUTER W/DIGITIZER LTNM50812461 A 09/29/95 4,578.20 2,518.00 2,060.20
CEA699 CABLEING - COMPUTER NETWORK PHONES A 02/14/96 41,028.15 19,830.27 21,197.88
CEA699 CABLEING - COMPUTER NETWORK A 04/09/96 1,574.31 708.42 865.89
CEA699 WAN SETUP A 05/02/96 2,014.00 872.74 1,141.26
CEA699 PC WORK STATIONS A 03/15/96 2,284.05 1,065.89 1,218.16
CEA699 PC WORK STATIONS A 03/15/96 2,284.05 1,065.89 1,218.16
CEA699 PC WORK STATIONS A 11/22/95 2,753.78 1,422.80 1,330.98
CEA699 PC WORK STATIONS A 11/22/95 2,753.78 1,422.80 1,330.98
CEA699 PC WORK STATIONS A 11/22/95 2,753.78 1,422.80 1,330.98
CEA699 PC WORK STATIONS A 11/22/95 2,753.78 1,422.80 1,330.98
12
November 9, 1999 PAGE: 2
NORTH/SOUTH ASSET LISTING
Accumulated Depreciation Thru: 10/31/99
Co. asset Act. Acquired Acquired Accumulated
no Description Serial Number Code Date Value Depreciation Current NBV
--------- ---------------------------------- --------------- ------- --------- ---------- ------------- -----------
CEA699 PC WORK STATIONS A 11/22/95 2,753.78 1,422.80 1,330.98
CEA699 PC WORK STATIONS A 11/22/95 2,753.78 1,422.80 1,330.98
CEA699 PC WORK STATIONS A 11/22/95 2,753.78 1,422.80 1,330.98
CEA699 PC WORK STATIONS A 11/22/95 2,753.78 1,422.80 1,330.98
CEA699 PC WORK STATIONS A 11/22/95 2,753.78 1,422.80 1,330.98
CEA699 PC WORK STATIONS A 11/22/95 2,753.78 1,422.80 1,330.98
CEA699 PC WORK STATIONS A 11/22/95 2,753.78 1,422.80 1,330.98
CEA699 PC WORK STATIONS A 11/22/95 2,753.78 1,422.80 1,330.98
CEA699 PC WORK STATIONS A 11/22/95 2,753.78 1,422.80 1,330.98
CEA699 PC WORK STATIONS A 11/22/95 2,753.78 1,422.80 1,330.98
CEA699 PC WORK STATIONS A 11/22/95 2,753.78 1,422.80 1,330.98
CEA699 WINBOOKS A 01/12/96 4,040.05 2,020.04 2,020.01
IBM Think Pad PC A 11/01/99 2,450.67 0.00 2,450.67
IBM Think Pad PC A 11/01/99 2,450.67 0.00 2,450.67
IBM Think Pad PC A 11/01/99 2,450.66 0.00 2,450.66
Computer Parts A 11/01/99 2,516.00 0.00 2,516.00
HP 9816 COMPUTER 2346A14177 A 05/01/84 4,140.00 3,680.00 460.00
CALCOMP 1200ES LASER PRINTER 9511642009 A 04/18/95 4,693.01 3,076.53 1,616.48
WAN SETUP A 02/02/96 69,939.50 27,698.26 42,241.24
COMPAQ SERVER A 01/17/96 23,315.07 11,787.06 11,528.01
5SI MX PRINTER A 12/26/95 4,407.81 2,301.84 2,105.97
5SI MX PRINTER W/DUPLEXING UNIT A 01/09/96 5,101.33 2,664.03 2,437.30
HP 1600C PRINTER A 01/30/96 1,467.66 741.97 725.69
HP 1600C PRINTER A 01/30/96 1,435.75 725.85 709.90
PC WORK STATIONS A945289 A 11/22/95 2,753.78 1,483.99 1,269.79
PC WORK STATIONS CUE20012711 A 11/22/95 2,753.78 1,483.99 1,269.79
PC WORK STATIONS A940343 A 11/22/95 2,753.78 1,483.99 1,269.79
PC WORK STATIONS NEC5704797VN A 11/22/95 2,753.78 1,483.99 1,269.79
PC WORK STATIONS A940539 A 11/22/95 2,753.78 1,483.99 1,269.79
PC WORK STATIONS A945242 A 11/22/95 2,753.78 1,483.99 1,269.79
PC WORK STATIONS A 11/22/95 2,753.78 1,483.99 1,269.79
PC WORK STATIONS A940305 A 11/22/95 2,753.78 1,483.99 1,269.79
PC WORK STATIONS A 11/22/95 2,753.78 1,483.99 1,269.79
PC WORK STATIONS A945185 A 11/22/95 2,753.78 1,483.99 1,269.79
PC WORK STATIONS A958942 A 11/22/95 2,753.78 1,483.99 1,269.79
PC WORK STATIONS A959025 A 11/22/95 2,753.78 1,483.99 1,269.79
PC WORK STATIONS A940510 A 11/22/95 2,753.78 1,483.99 1,269.79
PC WORK STATIONS A960715 A 11/22/95 2,753.78 1,483.99 1,269.79
PC WORK STATIONS A922278 A 11/22/95 2,753.78 1,483.99 1,269.79
PC WORK STATIONS A940681 A 11/22/95 2,753.78 1,484.00 1,269.79
PC WORK STATIONS A940304 A 11/22/95 2,753.78 1,483.99 1,269.79
PC WORK STATIONS CUE20012715 A 11/22/95 2,753.78 1,483.99 1,269.79
PC WORK STATIONS A960666 A 11/22/95 2,753.78 1,483.99 1,269.79
PC WORK STATIONS A940662 A 11/22/95 2,753.78 1,483.99 1,269.79
PC WORK STATIONS N159028033 A 11/22/95 2,753.78 1,483.99 1,269.79
13
November 9, 1999 NORTH/SOUTH ASSET LISTING Page: 3
Accumulated Depreciation Thru: 10/31/99
Co asset Act. Acquired Acquired Accumulated
no Description Serial Number Code Date Value Depreciation Current NBV
--------- ---------------------------------- --------------- ------- --------- ---------- ------------- ------------
PC WORK STATIONS A945079 A 11/22/95 2,753.79 1,484.00 1,269.79
PC WORK STATIONS A979360 A 11/22/95 2,753.79 1,484.00 1,269.79
PC WORK STATIONS A939993 A 11/22/95 2,753.79 1,484.00 1,269.79
PC WORK STATIONS CUE20012712 A 11/22/95 2,753.79 1,484.00 1,269.79
WINBOOKS FKG31AW5485 063 A 01/12/96 4,040.05 2,109.81 1,930.24
WINBOOKS FKG31AW3525 391 A 01/12/96 4,040.05 2,109.81 1,930.24
PC WORK STATIONS A940673 A 02/23/96 2,230.20 1,090.32 1,139.88
PC WORK STATIONS A940409 A 02/23/96 2,230.20 1,090.32 1,139.88
ADDITIONAL HARD DRIVE-XXXX A 11/15/96 1,427.21 507.46 919.75
SERVER
COMPAQ 4.3 GB A 12/13/96 1,321.65 447.89 873.76
ADDITIONAL SERVER MEMORY A 02/17/97 1,059.35 306.03 753.32
ENGINEERING WORKSTATION-COMPAQ 6649bbq1p197 A 03/17/97 3,417.14 987.18 2,429.96
W/17 IN MONITOR
ENGINEERING WORKSTATION-COMPAQ 6649bbq1p197 A 03/17/97 3,417.15 930.23 2,486.92
W/17 IN MONITOR
ENGINEERING WORKSTATIONS COMPAQ 6649bbq1p197 A 03/17/97 3,417.15 930.23 2,486.92
W/17 IN MONITOR
ENGINEERING WORKSTATIONS COMPAQ 6650bbq1p964 A 03/17/97 3,417.15 930.23 2,486.92
W/17 IN MONITOR
ENGINEERING WORKSTATIONS COMPAQ 6649bbq1p197 A 03/17/97 3,417.15 930.23 2,486.92
W/17 IN MONITOR
ENGINEERING WORKSTATIONS COMPAQ 6649bbq1p197 A 03/17/97 3,417.15 930.23 2,486.92
W/17 IN MONITOR
ENGINEERING WORKSTATIONS COMPAQ 6638bbq2q820 A 03/17/97 3,417.15 930.23 2,486.92
W/17 IN MONITOR
ENGINEERING WORKSTATIONS COMPAQ 6649bbq1p191 A 03/17/97 3,417.15 930.23 2,486.92
W/17 IN MONITOR
ENGINEERING WORKSTATIONS COMPAQ 6649bbq1p184 A 03/17/97 3,417.15 930.23 2,486.92
W/17 IN MONITOR
ENGINEERING WORKSTATIONS COMPAQ 6649bbq1p185 A 03/17/97 3,417.15 930.23 2,486.92
W/17 IN MONITOR
ENGINEERING WORKSTATIONS COMPAQ A 03/17/97 3,417.15 930.23 2,486.92
W/17 IN MONITOR
Xxxx X'Xxxxxxx Computer A 11/01/99 3,740.09 0.00 3,740.09
Class D
Sub Total: 401,930.71 199,294.18 202,636.53
Class F
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
14
November 9, 1999 NORTH/SOUTH ASSET LISTING Page: 4
Accumulated Depreciation Thru:
Co aset Act. Acquired Acquired Accumulated
no Description Serial Number Code Date Value Depreciation Current NBV
--------- ---------------------------------- --------------- ------- --------- ---------- ------------- -----------
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
DC600 Welder U1980314966 A 11/01/99 2,613.00 0.00 2,613.00
DC600 Welder U1970407521 A 11/01/99 2,613.00 0.00 2,613.00
DC600 Welder U1980408675 A 11/01/99 2,613.00 0.00 2,613.00
DC600 Welder U1980408633 A 11/01/99 2,613.00 0.00 2,613.00
Lincoln Welder DC600 A 11/01/99 3,923.25 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
DC 600 Welder U1980408670 A 11/01/99 2,613.25 0.00 2,613.25
DC 600 Welder U0000000000 A 11/01/99 2,613.00 0.00 2,613.00
DC 600 Welder U1980215497 A 11/01/99 2,613.00 0.00 2,613.00
DC 600 Welder U1980408669 A 11/01/99 2,613.00 0.00 2,613.00
DC 600 Welder U1980215496 A 11/01/99 2,613.00 0.00 2,613.00
DC 600 Welder U1930408650 A 11/01/99 2,613.00 0.00 2,613.00
Spreader Bar A 11/01/99 2,304.00 0.00 2,304.00
Spreader Bar A 11/01/99 2,304.00 0.00 2,304.00
Spreader Bar A 11/01/99 2,304.00 0.00 2,304.00
Spreader Bar A 11/01/99 2,064.00 0.00 2,064.00
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
15
November 9, 1999 NORTH/SOUTH ASSET LISTING Page: 5
Accumulated Depreciation Thru:
Co asset Act. Acquired Acquired Accumulated
no Description Serial Number Code Date Value Depreciation Current NBV
--------- ---------------------------------- --------------- ------- --------- ---------- ------------- -----------
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,923.13 0.00 3,923.13
Lincoln Welder DC600 A 11/01/99 3,925.94 0.00 3,925.94
Field Office Van A 11/01/99 49,961.00 0.00 49,961.00
Corner Weld Tracker LN9 Wire Feeder A 11/01/99 4,858.90 0.00 4,858.90
Field Erection Van Unit A 11/01/99 35,612.73 0.00 35,612.73
Field Crew Van A 11/01/99 3,002.30 0.00 3,002.30
Wire Feed Welders LN9 A 11/01/99 13,070.38 0.00 13,070.38
Vertical Weld Buggies A 11/01/99 82,541.96 0.00 82,541.96
Field Equipment AFE#99 FET 01 A 11/01/99 53,868.00 0.00 53,868.00
Auto Girth Welders A 11/01/99 56,660.41 0.00 56,660.41
Floor Welders A 11/01/99 5,379.00 0.00 5,379.00
WELDING CAGES A 06/01/75 800.00 535.87 264.13
WELDING CAGE A 06/01/75 800.00 535.87 264.13
4-WELDING CAGES WINDGIRDE A 02/01/75 3,400.00 2,277.47 1,122.53
JIGS & FIXTURES LIFT-ROOF A 01/01/75 500.00 334.92 165.08
WELDING CAGE A 06/01/75 800.00 535.87 264.13
WELDING CAGE A 06/01/75 800.00 535.87 264.13
WELDING CAGE A 06/01/75 800.00 535.87 264.13
WELDING CAGE WINDGIRDER A 01/01/75 500.00 334.92 165.08
NA-3N HEAD & CONTROLS A 03/28/77 1,500.00 1,004.76 495.24
XXXXXX WELDER SR4-444 HHO 29792 A 08/01/77 700.00 468.89 231.11
XXXXXX WELDER SR4-444 HHO297892 A 08/01/77 700.00 468.89 231.11
XXXXXX WELDER SR4-444 XXX000000 A 08/01/77 700.00 468.89 231.11
XXXXXX WELDER SR4-444 HHO297882 A 08/01/77 700.00 468.89 231.11
XXXXXX WELDER SR4-444 HHO29787 A 08/01/77 700.00 468.89 231.11
XXXXXX WELDER SR4-444 HHO297912 A 08/01/77 700.00 468.89 231.11
XXXXXX WELDER SR-4-444 XXX000000 A 08/01/77 700.00 468.89 231.11
XXXXXX WELDER SR4-444 HHO29786 A 08/01/77 700.00 468.89 231.11
XXXXXX WELDER SR4-444 HHO29792 A 08/01/77 700.00 468.89 231.11
XXXXXX WELDER SR4-444 HHO297892 A 08/01/77 700.00 468.89 231.11
WELD XXXXXX 479 A 05/01/77 500.00 334.92 165.08
2-FLAT BED TRAILERS F30096 F30097 A 06/01/77 3,500.00 2,344.44 1,155.56
GRINDER ABB21093 A 06/01/78 200.00 133.95 66.05
GRINDER ABB21039 A 06/01/78 200.00 133.95 66.05
GRINDER ABB21377 A 06/01/78 200.00 133.95 66.05
GRINDER ABC07194 A 06/01/78 200.00 133.95 66.05
GRINDER ABE07238 A 06/01/78 200.00 133.95 66.05
GRINDER ABE07269 A 06/01/78 200.00 133.95 66.05
GRINDER ABE09085 A 06/01/78 200.00 133.95 66.05
16
November 9, 1999 NORTH/SOUTH ASSET LISTING Page: 6
Accumulated Depreciation Thru:
Co. asset Act. Acquired Acquired Accumulated
no Description Serial Number Code Date Value Depreciation Current NBV
--------- ---------------------------------- --------------- ------- --------- ---------- ------------- -----------
GRINDER ABE09091 A 06/01/78 200.00 133.95 66.05
GRINDER ABE09079 A 06/01/78 200.00 133.95 66.05
GRINDER XXXXXXXXX XXXX XXX00000 A 06/01/78 200.00 133.95 66.05
GRINDER XXXXXXXXX XXXX ABO0505058A A 06/01/78 200.00 133.95 66.05
GRINDER XXXXXXXXX XXXX XXX00000 A 06/01/78 200.00 133.95 66.05
WELD XXXXXX 473 A 06/01/78 500.00 334.92 165.08
AUTOMATIC VERTICAL WELDER A 11/01/78 30,000.00 20,095.24 9,904.76
XX00 XXXXXX WELDER 59507 A 01/01/79 500.00 334.92 165.08
XX00 XXXXXX WELDER A 01/01/79 500.00 334.92 165.08
MIG WELDING SYSTEM-FEEDER A 04/01/79 1,000.00 669.85 330.15
MIG WELDING SYSTEM-FEEDER A 04/01/79 1,000.00 669.85 330.15
SCAFFOLD BOARDS A 08/01/79 5,000.00 3,349.20 1,650.80
STUD GUN A 03/01/80 1,700.00 1,138.74 561.26
STORAGE CONTAINER A 02/01/80 1,700.00 1,138.74 561.26
SULLAIR 50HP AIR COMPRESS 51410 A 09/01/80 29,800.00 19,961.27 9,838.73
PORTA POWER XXXX A 09/01/80 1,000.00 669.85 330.15
XXXX XX BUG O SYSTEM A 08/01/80 1,000.00 669.85 330.15
MILLEP WELDER SR4-444 JA441551 A 07/01/81 700.00 468.89 231.11
XXXXXX WELDER SR4-444 JB506243 A 07/01/81 700.00 468.89 231.11
AIR TUGGER A 03/01/82 3,600.00 2,411.43 1,188.57
BOLT TENSION CALIBRATOR 7908 A 03/01/83 500.00 334.92 165.08
CHAIN HOIST 1315B108 A 07/01/84 1,200.00 803.81 396.19
CHAIN HOIST A 07/01/84 1,200.00 803.81 396.19
AUTO GIRTH WELDER WITH CONTROL A 05/01/84 14,000.00 9,377.77 4,622.23
PANELS & XXXXXX RECT
SELF PRIMING PUMP 3-60 20/440 A 05/01/84 800.00 535.97 264.13
XXXXXX WELDERS SR4-444 JE764115 A 05/01/84 700.00 468.89 231.11
XXXXXX WELDERS SR4-444 JE764120 A 05/01/84 700.00 468.89 231.11
XXXXXX ZIP CUT PLASMA CUT JE828249 A 05/01/85 1,000.00 669.85 330.15
8)ALUM SCAFFOLD 24X24 A 05/01/83 1,500.00 1,004.76 495.24
SULLAIR MODEL 10-30H A/C 13202 A 07/01/84 12,400.00 8,306.04 4,093.96
SULLAIR MODEL 10-30H A/C 19139 A 07/01/84 12,400.00 8,306.04 4,093.96
SULLAIR MODEL 10-30H A/C 36098 A 07/01/84 12,400.00 8,306.04 4,093.96
SULLAIR MODEL 10-30H A/C 36102 A 07/01/84 12,400.00 8,306.04 4,093.96
SULLAIR MODEL 10-30H A/C 45955 A 07/01/84 12,400.00 8,306.04 4,093.96
CATERPILLAR GENERATOR 3406 90U4168 A 07/01/84 13,325.00 8,925.62 4,399.38
CATERPILLAR GENERATOR 3406 90U8593 A 07/01/84 13,325.00 8,925.62 4,399.38
LINCOLN POWER SOURCESA800 1668715 A 07/01/84 700.00 468.89 231.11
LINCOLN POWER SOURCESA800 A658791 A 07/01/84 700.00 468.89 231.11
LINCOLN POWER SOURCESA800 A558406 A 07/01/84 700.00 468.89 231.11
LINCOLN POWER SOURCESA800 A380556 A 07/01/84 700.00 468.89 231.11
LINCOLN POWER SOURCESA800 A649226 A 07/01/84 700.00 468.89 231.11
LINCOLN POWER SOURCESA800 A531870 A 07/01/84 700.00 468.89 231.11
LINCOLN POWER SOURCESA800 A531871 A 07/01/84 700.00 468.89 231.11
LINCOLN POWER SOURCESA800 A558370 A 07/01/84 700.00 468.89 231.11
LINCOLN POWER SOURCESA800 A654008 A 07/01/84 700.00 468.89 231.11
17
November 9, 1999 NORTH/SOUTH ASSET LISTING Page: 7
Accumulated Depreciation Thru: 10/31/99
Co. asset Act. Acquired Acquired Accumulated
no Description Serial Number Code Date Value Depreciation Current NBV
--------- ---------------------------------- --------------- ------- --------- ---------- ------------- -----------
LINCOLN POWER SOURCESA800 A372677 A 07/01/84 700.00 468.89 231.11
LINCOLN 000XXX XXXX XXXXX XX-000000 A 07/01/84 700.00 468.89 231.11
LINCOLN 000XXX XXXX XXXXX XX-000000 A 07/01/84 700.00 468.89 231.11
LINCOLN 000XXX XXXX XXXXX XX-000000 A 07/01/84 700.00 468.89 231.11
LINCOLN 000XXX XXXX XXXXX XX-000000 A 07/01/84 700.00 468.89 231.11
LINCOLN 000XXX XXXX XXXXX XX-000000 A 07/01/84 700.00 468.89 231.11
LINCOLN 000XXX XXXX XXXXX XX-000000 A 07/01/84 700.00 468.89 231.11
LINCOLN 000XXX XXXX XXXXX XX-000000 A 07/01/84 700.00 468.89 231.11
LINCOLN 000XXX XXXX XXXXX XX-000000 A 07/01/84 700.00 468.89 231.11
3)XXXXXX 750 AMP RECTIFIE ??APPROX 1O YRS A 02/22/89 975.00 633.09 321.91
CAT MODEL D34006 175W GENERATOR WO 982100 A 10/05/90 13,350.00 8,942.38 4,407.62
PAC 5 X T PLASMA CUTTER A 04/05/91 1,300.00 870.80 429.20
REBUILD COMPRESSOR A 12/01/91 6,000.00 4,019.05 1,980.95
REBUILD GENERATOR 90U8408 A 04/01/92 15,000.00 10,047.63 4,952.37
SULLAIR 12-5OH AIR COMP. 003-86427 A 04/01/92 29,800.00 19,961.27 9,838.73
SULLAIR 12-50H AIR COMP 003-86426 A 04/01/92 29,800.00 19,961.27 9,838.73
XXXXXX SRH444 XXXXXXX XX 000000 A 06/03/92 700.00 468.89 231.11
XXXXXX SRH444 XXXXXXX XX 000000 A 06/03/92 700.00 468.89 231.11
XXXXXX SRH444 XXXXXXX XX 000000 A 06/03/92 700.00 468.89 231.11
XXXXXX SRH444 XXXXXXX XX 000000 A 06/03/92 700.00 468.89 231.11
XXXXXX SRH444 XXXXXXX XX 000000 A 06/03/92 700.00 468.89 231.11
XXXXXX SRH444 XXXXXXX XX 000000 A 06/03/92 700.00 468.89 231.11
XXXXXX SRH444 XXXXXXX XX 000000 A 06/03/92 700.00 468.89 231.11
XXXXXX SRH444 XXXXXXX XX 000000 A 06/03/92 700.00 468.89 231.11
CEA521 XXXXXX SRH444 XXXXXXX XX 000000 A 06/03/92 700.00 468.89 231.11
XXXXXX SRH444 XXXXXXX XX 000000 A 06/03/92 700.00 468.89 231.11
AIR TUGGER HU 23059 A 08/14/92 3,600.00 2,411.43 1,188.57
AUTO GIRTH WELDER A 11/14/92 12,000.00 8,038.09 3,961.91
AUTO GIRTH WELDER A 11/14/92 12,000.00 8,038.09 3,961.91
OVERHAUL GENERATOR 90U4168 A 12/09/92 21,000.00 14,066.66 6,933.34
SULLAIR 50HP AIR COMPRESS 12BS50HACAC 003 A 04/15/93 29,800.00 19,961.27 9,838.73
SULLAIR 50HP AIR COMP. 12BS50HACAC 003 A 04/15/93 29,800.00 19,961.27 9,838.73
SHELL BUGGIES A 02/27/93 2,500.00 1,674.61 825.39
SHELL BUGGIES A 02/27/93 2,500.00 1,674.61 825.39
SHELL BUGGIES A 02/27/93 2,500.00 1,674.61 825.39
SHELL BUGGIES A 02/27/93 2,500.00 1,674.61 825.39
SHELL BUGGIES A 02/27/93 2,500.00 1,674.61 825.39
PLATE BUGGIES A 11/26/93 1,000.00 669.85 330.15
PLATE BUGGIES A 11/26/93 1,000.00 669.85 330.15
PLATE BUGGIES A 11/26/93 1,000.00 669.85 330.15
PLATE BUGGIES A 11/26/93 1,000.00 669.85 330.15
PLATE BUGGIES A 11/26/93 1,000.00 669.85 330.15
NEOTRONICSS GAS MONITOR A 11/26/93 1,000.00 669.85 330.15
OXYGEN MONITOR A 12/06/93 1,885.16 1,262.77 622.39
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
18
November 9, 1999 NORTH/SOUTH ASSET LISTING Page: 8
Accumulated Depreciation Thru: 10/31/99
Co asset Act. Acquired Acquired Accumulated
no Description Serial Number Code Date Value Depreciation Current NBV
--------- ---------------------------------- --------------- ------- --------- ---------- ------------- -----------
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
XXXXXX MODEL SRH-444 ARC WELDERS A 03/01/94 705.00 472.24 232.76
BMT ELECTRIC DISTRIBUTION PANEL A 03/01/94 1,350.00 904.30 445.70
BOARDS
BMT ELECTRIC DISTRIBUTION PANEL A 03/01/94 1,350.00 904.30 445.70
BOARDS
BMT ELECTRIC DISTRIBUTION PANEL A 03/01/94 3,750.00 2,511.91 1,238.09
BOARDS
BMT ELECTRIC DISTRIBUTION PANEL A 03/01/94 3,750.00 2,511.91 1,238.09
BOARDS
19
November 9, 1999 NORTH/SOUTH ASSET LISTING Page: 9
Accumulated Depreciation Thru: 10/31/99
Co. asset Act. Acquired Acquired Accumulated
no Description Serial Number Code Date Value Depreciation Current NBV
--------- ---------------------------------- --------------- ------- --------- ---------- ------------- -----------
BMT ELECTRIC DISTRIBUTION PANEL A 03/01/94 3,750.00 2,511.91 1,238.09
BOARDS
BMT ELECTRIC DISTRIBUTION PANEL A 03/01/94 3,750.00 2,511.91 1,238.09
BOARDS
SKY CLIMBER MODEL EAGLE MANLIFTS A 03/01/94 900.00 602.85 297.15
SKY CLIMBER MODEL EAGLE MANLIFTS A 03/01/94 900.00 602.85 297.15
WOOD FRAME CREW VANS A 03/01/94 4,600.00 3,081.27 1,518.73
WOOD FRAME CREW VANS A 03/01/94 4,600.00 3,081.27 1,518.73
WOOD FRAME CREW VANS A 03/01/94 4,600.00 3,081.27 1,518.73
WOOD FRAME CREW VANS A 03/01/94 4,600.00 3,081.27 1,518.73
WOOD FRAME CREW VANS A 03/01/94 4,600.00 3,081.27 1,518.73
SPREADERS, AIR TUGGER, GRINDERS, ETC A 03/01/94 47,825.00 32,035.16 15,789.84
OVERHAUL CAT 3406 DIESEL ENGINE IN 90U68593 A 04/05/95 12,543.21 4,982.43 7,560.78
GENERATOR
TEMP SEAL-FLOATNG ROOF A 07/31/95 7,742.11 2,817.26 4,924.95
REBUILD #2 GENERATOR 90U8408 A 01/17/96 11,882.49 3,729.79 8,152.70
WIRE FEED WELDER A 06/30/96 5,389.38 1,467.11 3,922.27
WIRE FEED WELDER A 06/30/96 5,389.39 1,467.11 3,922.28
WALK IN TOOL BOX A 04/30/96 7,459.96 2,155.10 5,304.86
REMANUFACTURE/EXCHANGE AIR A 06/30/96 10,080.87 2,744.24 7,336.63
COMPRESSOR
PARTS/LABOR REPAIR DYNEX REGULATOR A 05/31/96 2,208.60 619.64 1,588.96
REBUILD #1 GENERATOR A 09/17/96 6,375.20 1,576.O8 4,799.12
REBUILD #3 GENERATOR A 07/23/96 5,127.77 1,353.16 3,774.61
REBUILD #4 GENERATOR 90U4168 A 10/08/96 2,553.41 631.26 1,922.15
CATERPILLAR FORKLIFT 3CM00594 A 01/24/97 28,177.14 6,026.79 22,150.35
26 FOOT SPREADER BAR A 10/01/97 1,882.12 277.10 1,605.02
WIRE FEEDER POWER SOURCE A 10/16/97 6,157.24 855.16 5,302.08
W/COMPONENTS
WIRE FEEDER POWER SOURCE A 10/16/97 6,157.25 855.16 5,302.09
W/COMPONENTS
POWER SOURCES W-SUB ARC CONTROLS A 01/10/98 8,807.45 1,100.93 7,706.52
AND COMPONENTS
POWER SOURCES W-SUB ARC CONTROLS A 01/10/98 8,807.45 1,100.93 7,706.52
AND COMPONENTS
HYDRAULIC SHOP PRESS A 06/01/78 300.00 188.81 111.19
5 TON SPREADER BARS A 07/01/81 3,300.00 2,076.91 1,223.09
Class= F
Sub Total
1,259,592.70 421,307.81 838,284.89
Class= M
STEEL FRAME STORAGE TRAILERS A 03/01/94 2,165.00 1,362.57 802.43
STEEL FRAME STORAGE TRAILERS A 03/01/94 2,170.00 1,365.71 804.29
1980 CAT V180 D3D-5209V A 10/30/95 42,813.00 12,724.98 30,088.02
Generator, 150KW A 11/01/99 25,026.02 0.00 25,026.02
Asset Adjustment A 01/01/97 617.50 116.64 500.86
BANDING MACHINE A 08/01/82 800.00 503.49 296.51
CHAIN SAW - STIHL A 08/01/82 300.00 188.81 111.19
PANEL BOARD W/4 PORTS A 04/20/93 700.00 440.56 259.44
STORAGE BUILDINGS A 03/19/93 20,500.00 12,901.99 7,598.01
20
November 9, 1999 NORTH/SOUTH ASSET LISTING Page: 10
Accumulated Depreciation Thru: 10/31/99
Co asset Act. Acquired Acquired Accumulated
no Description Serial Number Code Date Value Depreciation Current NBV
--------- ---------------------------------- --------------- ------- --------- ---------- ------------- -----------
HITACHI KOKI DRILL PRESS 7/8 IN CAP. 300358 A 03/01/94 350.00 220.28 129.72
DOALL MODEL C-8 HORIZONTAL CUTOFF 223-65123 A 03/01/94 1,800.00 1,132.86 667.14
BAND SAW
BENCH TYPE WELDING CABLE WINDER A 03/01/94 800.00 503.49 296.51
GALVANIZED FRAME DRUM STORAGE A 03/01/94 400.00 251.74 148.26
XXXX 00 X 0 X 0
XXXXXXXXX XXXXX XXXX OFFICE TRAILER A 03/01/94 400.00 251.74 148.26
STEEL FRAME STORAGE TRAILERS A 03/01/94 2,165.00 1,362.57 802.43
Class** M
SubTotal:
101,006.52 33,327.43 67,679.09
Class* O
CEA642 XEROX 5009 RE COPIER 516849 A 01/02/95 761.24 532.88 228.36
FF 6743 SOUND SHIELD FOR PRINTER A 03/01/88 225.00 195.00 30.00
FF 6747 PANASONIC TYPEWWRITER PJUA83ZB A 11/01/88 320.00 160.00 160.00
FF 6749 HANGING FILE CENTER A 02/01/89 200.00 99.99 100.01
CEA714 CALCOMP DRAWING PADS A 01/08/96 781.61 247.50 534.11
LATERAL FILES A 07/01/76 3,285.17 1,660.83 1,624.34
Office Furniture A 11/01/99 8,038.00 0.00 8,038.00
23-5 DRAWER DRAWING CABINE A 05/01/85 2,810.00 1,420.60 1,389.40
IBM WHEELWRITER TYPEWRITE 6032712 A 02/01/87 480.00 242.66 237.34
BRASS/GLASS TABLE CAT#757 4296A A 12/01/87 50.00 25.27 24.73
4) CHAIRS RECEPTION AREA A 12/01/87 625.00 315.98 309.02
SECRETARIAL DESK/CREDENZA A 12/01/87 690.00 348.83 341.17
TRADE SHOW BOOTH 10 PANEL EXHIBIT A 01/01/88 2,650.00 1,339.72 1,310.28
IBM WHEELWRITER 0038424 A 08/01/88 550.00 278.05 271.95
RECORDS RETENTION SHELVES A 02/01/89 540.00 273.00 267.00
PAPER SHREDDER MODEL 3801 A 03/01/89 480.00 242.66 237.34
TRADE SHOW EXHIBIT A 06/01/89 2,425.00 2,155.56 269.44
TABLE TOP DISPLAY A 09/01/89 470.00 417.76 52.24
RENOVATE OUTLINE DISPLAY A 05/31/91 710.00 631.10 78.90
5-DRAWER FILE HN-685LL A 07/30/92 255.00 128.92 126.08
LATERAL FILES A 07/01/76 3,284.83 1,660.66 1,624.17
5 DRAWER LATERAL FILE A 11/11/93 320.00 161.77 158.23
TRADE SHOW BOOTH PANELS A 12/01/93 1,690.10 1,502.31 187.79
Class** O
SubTotal:
31,640.95 14,041.05 17,599.90
Class** S
+ Solomon Accounting System (60%) A 10/01/99 568,000.00 9,466.66 558,533.34
390 PRESSURE VESSEL DES PROG A 12/01/89 115.00 99.68 15.32
570 P O WRITER A 11/03/92 580.00 502.67 77.33
612 XXXXX SYSTEMS SOFTWARE A 05/20/80 5,920.00 5,130.68 789.32
CEA623 REPERTOIRE SOFTWARE A 12/02/93 2,675.00 2,318.31 356.69
AUTOCAD UPGRADE SOFTWARE A 04/10/92 180.00 160.00 20.00
SOFTWARE A 11/22/95 8,535.21 4,599.52 3,935.69
AUTOCAD LT A 01/17/97 14,372.77 4,391.69 9,981.08
21
November 9, 1999 NORTH/SOUTH ASSET LISTING Page: 11
Accumulated Depreciation Thru: 10/31/99
Co asset Act. Acquired Acquired Accumulated
no Description Serial Number Code Date Value Depreciation Current NBV
--------- ---------------------------------- --------------- ------- --------- ---------- ------------- -----------
Class** S
SubTotal:
Grand Total 600,377.98 26,669.21 573,708.77
2,397,048.86 697,087.59 1,699,961.27
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