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
XXXXXX PAVING AND CONSTRUCTION, INC.
XXXX X. XXXXXX COMPANIES
as the Buyers
and
VALLEY ASPHALT, INC.
GEODYNE XXXX 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
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TABLE OF CONTENTS
Page
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RECITALS ......................................................................1
AGREEMENT......................................................................1
1. Purchase and Sale of Assets...........................................2
1.1. Acquired Assets..............................................2
1.1A. Acquired Xxxxxx 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
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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. Xxxx-Xxxxx-Xxxxxx..........................................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
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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 Xxxxxx.............................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. Xxxx-Xxxxx-Xxxxxx...........................................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)
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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
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List of Exhibits
----------------
1.4(a) Contract Assignment
1.4(b) Lease Assignment
1.4(c) Xxxxxx Lease Assignment
1.4(h) Deeds
1.4(i) Valley Lease
1.4(j) Xxxxxxx 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)
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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)
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Acquired Assets Section 1.1...................................................2
Acquired Xxxxxx 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
Xxxx 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
Xxxxxxx 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
Xxxxxx 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
Xxxxxx Preamble...............................................................1
Xxxxxx Former Real Property Section 5.11.6(iii)..............................40
Xxxxxx Lease Assignment Section 1.4(c)........................................8
Xxxxxx Leased Property Section 5.6.1(a)......................................32
Xxxxxx Operations Recitals....................................................1
Xxxxxx Owned Property Section 5.6.1(a).......................................32
Xxxxxx Personal Property Section 1.1A(a)......................................3
Xxxxxx Property Leases Section 5.6.1.4.......................................35
Xxxxxx Real Property Section 5.6.1(a)........................................32
Xxxxxx 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)
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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 XXXXXX PAVING AND CONSTRUCTION INC. ("Xxxxxx"), a Utah corporation,
and XXXX X. XXXXXX COMPANIES, a Utah corporation ("Xxxxxx," and collectively
with Xxxxxx, the "Buyers"), on the one hand, and VALLEY ASPHALT, INC.
("Valley"), a Utah corporation, GEODYNE XXXX 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").
X. Xxxxxx operates certain businesses as described on SCHEDULE B at the
locations listed on SCHEDULE B (collectively, the "Xxxxxx Operations") and
Xxxxxx owns or leases the assets used in, necessary for or related to the Xxxxxx
Operations as currently conducted by Xxxxxx. Xxxxxx and Xxxxxx also operate
other businesses (herein collectively, the "Buyer Excluded Operations").
X. Xxxxxx desires to discontinue the Xxxxxx Operations, and pursuant to
such end, desires to sell or lease the assets used in and related to the Xxxxxx
Operations and to assign certain leases and other rights and obligations in
connection with the Xxxxxx 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 XXXXXX ASSETS. On the Closing Date (as defined in SECTION
1.5 below), Xxxxxx 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 Xxxxxx 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 Xxxxxx are collectively referred to hereinafter as the "Acquired
Xxxxxx 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 Xxxxxx Operations (as defined in SECTION
5.6.1) (collectively, the "Xxxxxx Personal Property");
(b) [Reserved]
(c) all right, title and interest in and to all Xxxxxx
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 Xxxxxx Operations as of the
Closing Date (collectively the "Buyer Inventories");
(e) all contracts of the Xxxxxx Operations (including
purchase orders and supply agreements) that are listed on
SCHEDULE 1.1A(e) and, in the Sellers' discretion, any contracts
of the Xxxxxx 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 Xxxxxx 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 Xxxxxx Assets under express or implied warranties
from suppliers to Xxxxxx, all claims and rights of offset under
the Xxxxxx Property Leases, except to the extent primarily
related to the Buyer Excluded Assets;
(i) [Reserved];
(j) all other assets and properties owned by Xxxxxx and used
primarily in the Xxxxxx 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
Xxxxxx 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, xxxxx 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 Xxxxxx Assets and the Buyers' purchase and sales
activities relating to the Xxxxxx Operations and the Acquired
Xxxxxx 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
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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, xxxxx 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 Xxxxxx.
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 Xxxxxx 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,
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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 Xxxxxx 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 Xxxxxx 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 Xxxxxx will enter into
an agreement or agreements for the assignment by the relevant Sellers
to Xxxxxx 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 Xxxxxx will
enter into a Lease Assignment(s) with respect to the property lease(s)
listed on SCHEDULE 1.4(b)(ii).
(c) Xxxxxx and the Seller will enter into an agreement or
agreements for the assignment by Xxxxxx to the Seller of all of the
Xxxxxx'x 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) ("Xxxxxx 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 Xxxxxx 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) Xxxxxx shall execute and deliver the bills of sale and
assignment (the "Buyer Bills of Sale"), listed on SCHEDULE 1.4(g)
hereto, from Xxxxxx to the relevant Sellers covering the items of
personal property included in the Acquired Xxxxxx 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) Xxxxxx, 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 Xxxxxx with respect to the property listed
on SCHEDULE 1.4(j) substantially in the form attached hereto as EXHIBIT
1.4(j) (the "Xxxxxxx 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 Xxxxxx Xxxx & Xxxxxxxx XXX, Xxx Xxxx, Xxx Xxxx, 00000. 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").
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2.1A. LIABILITIES ASSUMED BY SELLERS. As further consideration
for consummation of the transfer of the Acquired Xxxxxx 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 Xxxxxx
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 Xxxxxx 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 Xxxxxx 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
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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.
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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.
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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 Xxxxxx. 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."
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(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,
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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
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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
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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.
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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
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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.
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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
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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
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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.
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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.
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(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
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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.
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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. XXXX-XXXXX-XXXXXX. Sellers have performed (and are responsible for)
an independent analysis of the filing requirements under the Xxxx-Xxxxx-Xxxxxx
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 Xxxxxx (collectively, the Xxxxxx
Financial Statements);
(b) The Xxxxxx Financial Statements: (i) are correct in
all material respects; (ii) present fairly the results of
operations included in such
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Xxxxxx Financial Statements for the periods included
therein; and (iii) do not omit any information necessary to
make such Xxxxxx Financial Statements not misleading.
(c) Xxxxxx (i) keeps books, records and accounts
relating to the Xxxxxx Operations that, in reasonable
detail, accurately and fairly reflect (A) the transactions
and dispositions of assets relating to the Xxxxxx Operations
and (B) the quantity of inventory. Neither Xxxxxx nor any
employee, agent or shareholder of Xxxxxx, directly or
indirectly, has made any payment of funds of Xxxxxx relating
to the Xxxxxx Operations or received or retained any funds
relating to the Xxxxxx Operations in violation of any
applicable law, rule or regulation.
5.3.2. ABSENCE OF CERTAIN CHANGES. Since December 31, 2000,
Xxxxxx has used reasonable best efforts consistent with past practices
to preserve the business organization of the Xxxxxx Operations intact,
to keep available to the Sellers the services of all current employees
of the Xxxxxx Operations and to preserve the goodwill of the
suppliers, customers, employees and others having business relations
with the Xxxxxx Operations. Since December 31, 2000, Xxxxxx has
conducted the Xxxxxx Operations in the ordinary course, has maintained
the Acquired Xxxxxx 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
Xxxxxx Operations. Except as set forth on SCHEDULE 5.3.2, since
December 31, 2000 there has not been:
(a) any material transaction by Xxxxxx relating to the
Xxxxxx 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 Xxxxxx
Operations, taken as a whole;
(c) any damage, destruction or loss relating to the Xxxxxx
Operations, whether or not covered by insurance, affecting the
Acquired Xxxxxx Assets or the Xxxxxx Operations;
(d) any material alteration in the manner in which Xxxxxx
keeps their books, accounts or records relating to the Xxxxxx
Operations, or in the accounting principles and practices therein
reflected;
(e) a termination, substantial modification or, to the
knowledge of Xxxxxx, threatened termination or substantial
modification of any Buyers' relationship with a material customer
of the Xxxxxx 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
Xxxxxx 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 Xxxxxx Asset;
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(g) any mortgage, pledge or lien, charge or other
encumbrance placed upon any of the Acquired Xxxxxx Assets;
(h) any sale, assignment or transfer of any asset, property
or business relating to the Xxxxxx Operations or cancellation of
any debt or claim or waiver of any right relating to the Acquired
Xxxxxx Assets or the Xxxxxx 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
Xxxxxx relating to the Xxxxxx 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
Xxxxxx 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 Xxxxxx 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 Xxxxxx Assets include all the Xxxxxx Personal Property of
any kind, including but not limited to vehicles and any other rolling
stock, used primarily in the conduct of the Xxxxxx 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 Xxxxxx Personal Property on
or after November 1, 2000 to any unit, division or other portion of
any Buyer that is not included in the Xxxxxx 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 Xxxxxx Personal
Property.
5.4. TAX MATTERS.
5.4.1. TAX RETURNS; DISPUTES. Xxxxxx 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 Xxxxxx 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 Xxxxxx Assets. There are no pending
or, to the knowledge of Xxxxxx, threatened United States federal or
applicable state tax audits involving Xxxxxx or any of its affiliates
the adverse determination of which could result in a lien upon the
Acquired Xxxxxx Assets.
5.4.2. SECTION 168. None of the Acquired Xxxxxx Assets is
tax-exempt use property within the meaning of SECTION 168(h) of the
Code. None of the Acquired Xxxxxx Assets is property that is or will
be required to be treated as being owned by another person
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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. Xxxxxx 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 Xxxxxx Assets or
the Xxxxxx Operations pending or threatened before any court,
tribunal, panel, master or governmental agency, authority or body in
which Xxxxxx is a party and which might affect the Acquired Xxxxxx
Assets or the Xxxxxx Operations. SCHEDULE 5.5.1 sets forth all
litigation relating to the Acquired Xxxxxx Assets or the Xxxxxx
Operations to which Xxxxxx is party.
5.5.2. OPERATIONS ENJOINED. Neither Xxxxxx, nor any employee,
manager or agent of Xxxxxx 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 Xxxxxx Operations.
5.5.3. VIOLATION OF LAW; PERMITS. Except as disclosed on SCHEDULE
5.5.3, Xxxxxx is not in material violation of any provision of any
law, decree, order or regulation applicable to the Xxxxxx Operations
or the Acquired Xxxxxx 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, Xxxxxx has all Permits required with respect to the Acquired
Xxxxxx Assets or in the conduct of the Xxxxxx Operations and the
operation of the Xxxxxx Real Property, all of which Permits are set
forth on SCHEDULE 5.5.3, and has satisfied all material bonding
requirements pertaining to the Xxxxxx Operations or the Acquired
Xxxxxx 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 Xxxxxx 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 XXXXXX. Except as disclosed on SCHEDULE
5.6(a), Xxxxxx owns or otherwise has the right to use all of the Acquired
Xxxxxx 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 Xxxxxx
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
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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 Xxxxxx and used in the Xxxxxx Operations or in which
Xxxxxx 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
Xxxxxx'x or any of Xxxxxx'x 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 "Xxxxxx Owned
Property") and (ii) a description of each lease of real
property under which Xxxxxx is a lessee, lessor, sublessee or
sublessor, licensee or sublicensee (the "Xxxxxx Leased
Property") and which is being used in the Xxxxxx Operations.
The Xxxxxx Owned Property and the Xxxxxx Leased Property and
any other real property subject to the Xxxxxx Property Leases
are sometimes collectively referred to as the "Xxxxxx Real
Property."
(b) Except for those items listed on
SCHEDULE 5.6(b), and except for Buyer Permitted Encumbrances,
Xxxxxx has (i) good and marketable title in fee simple to the
Xxxxxx Owned Property and to all plants, buildings and
improvements thereon and (ii) good and marketable leasehold
title to the Xxxxxx Leased Property and to all plants,
buildings and improvements thereon and Xxxxxx'x 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 Xxxxxx
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
Xxxxxx and used in the Xxxxxx 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
Xxxxxx 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,
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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
Xxxxxx 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 Xxxxxx, threatened condemnation or eminent domain
proceeding with respect to, or that could affect, any Xxxxxx
Real Property.
(e) There is not and has not been, during
any period through and including the Closing Date, any
substance placed on the Xxxxxx Real Property by Xxxxxx, or to
the knowledge of Xxxxxx, placed by any other person (including
any lessor or predecessor thereto with respect to Xxxxxx
Leased Property) the presence of which on any Xxxxxx Real
Property causes or caused a nuisance upon any Xxxxxx 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 Xxxxxx Operations.
(f) To the knowledge of Xxxxxx, 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 Xxxxxx Real Property constitutes or
constituted a trespass by Xxxxxx, except such substances as
would not have a material adverse effect on the business,
business prospects, financial condition or results of
operations of the Xxxxxx Operations.
(g) Except as set forth on SCHEDULE 5.6.1(g)
attached hereto, to the knowledge of Xxxxxx, 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 Xxxxxx Real Property, and there is no
special proceeding pending or threatened in which any taxing
authority having jurisdiction over any of the Xxxxxx 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
Xxxxxx 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 Xxxxxx 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 Xxxxxx Real Property owned by Xxxxxx has a right of
access to and from such parcel.
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(i) All utilities required for the operation
of each Xxxxxx Real Property either enter such Xxxxxx 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 "Xxxxxx Owned Water
Rights") used by Xxxxxx in connection with the Acquired Xxxxxx
Assets and/or the Xxxxxx Operations. Xxxxxx is the record or
beneficial owner of the Xxxxxx Owned Water Rights. The Xxxxxx
Owned Water Rights and the other water rights Xxxxxx has
pursuant to contract rights (together, the "Xxxxxx 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 Xxxxxx Water Rights include shares of stock
or other ownership interests in water or irrigation companies,
such Xxxxxx Water Rights are being and have been put to use by
Xxxxxx 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 Xxxxxx Water Rights have
been approved by the Utah State Engineer for the uses to which
they are presently employed in the Operations. Xxxxxx has no
reason to believe that the Xxxxxx Water Rights will not be
sufficient, in both quantity and quality, for the future
business needs of the Xxxxxx Operations. The Xxxxxx Water
Rights have been put to beneficial use by Xxxxxx 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 Xxxxxx Quarry Property"), the parcel of
Owned Xxxxxx Quarry Property which has been used by Xxxxxx
for, or which Xxxxxx 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 Xxxxxx Quarry Property"), the
leasehold interest of Xxxxxx in the Leased Xxxxxx Quarry
Property which has been used by Xxxxxx for, or which Xxxxxx
has anticipated using for, mining and extraction of sand,
gravel, or other aggregates, includes the right of Xxxxxx or
its successors in interest to remove from the parcel of Leased
Xxxxxx 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 Xxxxxx 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 Xxxxxx Real
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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 Xxxxxx, threatened, in which any taxing authority
having jurisdiction over any of the Xxxxxx Real Property is seeking to
increase the assessed value thereof.
5.6.1.3. BINDING COMMITMENTS. No binding commitment has been made
by Xxxxxx to any governmental authority, utility company or any other
organization, group or individual relating to the Xxxxxx Real Property
or any part thereof which imposes upon or could impose upon Xxxxxx 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 Xxxxxx Real Property.
5.6.1.4. TITLE DOCUMENTS. True and complete copies of (a) all
leases to which any of Xxxxxx is a party respecting any Xxxxxx Real
Property and all other instruments granting such leasehold interests,
rights, options or other interests (the "Xxxxxx 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 Xxxxxx title to or otherwise affecting or evidencing
the state of title with respect to any Xxxxxx Real Property, and (c)
any supplements thereto (collectively, the "Xxxxxx 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 Xxxxxx with
respect to the Xxxxxx 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 Xxxxxx 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 Xxxxxx Operations or
Xxxxxx or any real property of Xxxxxx related to the Xxxxxx
Operations.
5.6.1.5. NO BREACH OR EVENT OF DEFAULT; PROPERTY LEASES. With
respect to the Xxxxxx 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 Xxxxxx 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
Xxxxxx 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 Xxxxxx
Property Leases have been duly paid in accordance with the terms of
such Xxxxxx Property Leases. Except as set forth in SCHEDULE 5.6.1.5
hereto, the assignment of all of Xxxxxx'x right, title and interest in
and to the Xxxxxx 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 Xxxxxx Property Lease.
5.6.1.6. VIOLATION OF LAW. Except as set forth on SCHEDULE
5.6.1.6, none of the Xxxxxx Real Property or any condition or activity
thereon, any plants, buildings, fixtures, or improvements located
thereon, or the current use, operation or
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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,
Xxxxxx does not in the ordinary course of business maintain any assets
used in connection with the Xxxxxx 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, Xxxxxx has good
and marketable title to each item of Xxxxxx Personal Property (except
for any leased Xxxxxx 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 Xxxxxx 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 Xxxxxx
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 Xxxxxx Operations participate.
(b) Except as disclosed on SCHEDULE 5.8.2(b), neither Xxxxxx
nor any ERISA Affiliate has an obligation to contribute to any
Multiemployer Plan in which employees of the Xxxxxx 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 Xxxxxx
nor any ERISA Affiliate maintains or contributes to or has an
obligation to
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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) Xxxxxx 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 Xxxxxx relating to the Xxxxxx Operations or any ERISA
Affiliate have been paid or are otherwise not the liability of the Sellers.
5.8.4. PERFORMANCE. Xxxxxx 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
Xxxxxx relating to the Xxxxxx Operations, and Xxxxxx 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 Xxxxxx for salaries, bonuses and other forms of compensation (excluding
vacation, holiday and sick pay) payable to the employees of the Xxxxxx
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 Xxxxxx Operations, to the
best knowledge of Xxxxxx, 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, Xxxxxx 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 Xxxxxx Operations. No organization or representation question
is pending respecting the employees of Xxxxxx, and no such
question has been raised with respect to Xxxxxx with respect to
the Xxxxxx Operations since January 1, 1998.
(b) Except as disclosed on SCHEDULE 5.8.7(b), there is no
controversy pending between Xxxxxx and any of its respective
employees related to the Xxxxxx Operations. Except as disclosed
on SCHEDULE 5.8.7(b), to the knowledge of Xxxxxx, there is no
basis for any claim, grievance, arbitration, negotiation, suit,
action or charge of or by any employee of Xxxxxx with respect to
the Xxxxxx Operations. No complaint is
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pending against Xxxxxx or before the National Labor Relations
Board or any state or local agency with respect to the Xxxxxx
Operations. Xxxxxx has complied, in respect of its employees
relating to the Xxxxxx 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
Xxxxxx Operations in Xxxxxx'x files concerning Xxxxxx relating to
the Xxxxxx Operations or the employees of the Xxxxxx Operations
made by or against Xxxxxx 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 Xxxxxx Operations (the "Buyer Employee List"). Such
list also identifies each employee of the Xxxxxx Operations for whom
Xxxxxx provided a vehicle, showing the nature of such arrangement and
the annual cost to Xxxxxx. 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 Xxxxxx for similar employees in
similar situations.
5.9.2. INDEBTEDNESS. Xxxxxx is not indebted to any employee or
agent of the Xxxxxx Operations, nor any spouse, child or other
relative thereof, in any amount whatsoever other than for compensation
for services rendered since the start of Xxxxxx'x current pay period
generally utilized for its employees and for business expenses, nor is
any employee or agent of the Xxxxxx Operations indebted to Xxxxxx
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, Xxxxxx
is not a party to any written or oral contracts which are material to
the Xxxxxx Operations or the Acquired Xxxxxx 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.
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Xxxxxx 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 Xxxxxx 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 Xxxxxx, nor, to the knowledge of Xxxxxx, any prior
owner, tenant, occupant or user of the Xxxxxx 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
Xxxxxx 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 Xxxxxx, no Hazardous
Materials have migrated or are threatening to migrate from any Xxxxxx
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 Xxxxxx Real Property or Buyer
Former Real Property.
5.11.2. ENVIRONMENTAL REQUIREMENTS. Except as set forth in
SCHEDULE 5.11.2: (i) Xxxxxx, the Xxxxxx 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 Xxxxxx Real Property or Xxxxxx 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 Xxxxxx, nor, to the knowledge of Xxxxxx,
any prior owner or occupant of the Xxxxxx 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 Xxxxxx nor any prior owner or occupant of the
Xxxxxx 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 Xxxxxx Real
Property, whether or not corrected or (B) any alleged liability for
Buyer Environmental Damages (as defined below) relating to the Xxxxxx
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 Xxxxxx nor any prior owner or occupant of any such
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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 Xxxxxx, or, to the
knowledge of Xxxxxx, any prior owner or occupant of the Xxxxxx Real
Property or Xxxxxx 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 Xxxxxx Real Property, or notified Xxxxxx or
any prior owner or occupant of any such property that it may in the
future identify Xxxxxx, 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 Xxxxxx Real
Property.
5.11.5. ENVIRONMENTAL REPORTS. Xxxxxx has furnished the Sellers
with true and complete copies of all claims, complaints, reports
assessments, audits, investigations and other documents in the
possession of Xxxxxx made by, on behalf of or against Xxxxxx relating
to the release of Hazardous Material at the Xxxxxx Real Property or
any potential or actual Buyer Environmental Damages incurred by Buyers
relating to the Xxxxxx 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 Xxxxxx, 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 Xxxxxx Real
Property, Xxxxxx Former Real Property or other location
(whether or not owned by Xxxxxx) where Xxxxxx conducted
operations or generated, stored, sent, transported, or
disposed of Hazardous Materials relating to the Xxxxxx
Operations, and/or (ii) any violation of Environmental
Requirements by Xxxxxx on or prior to the Closing
(ii) "Xxxxxx Former Real Property" means any real
property in which Xxxxxx 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 Xxxxxx of this Agreement does not, and the
consummation of the transactions contemplated hereby will
not, result
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in the creation of any lien, security interest, charge or
encumbrance upon the Acquired Xxxxxx Assets or the Xxxxxx
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 Xxxxxx is a party or by
which, any of Xxxxxx, the Acquired Xxxxxx Assets or the
Xxxxxx 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 Xxxxxx 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
Xxxxxx. 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 Xxxxxx Assets or to operate the Xxxxxx
Operations.
5.13. REGULATORY APPROVALS. Except as set forth on SCHEDULE
5.5.3, Xxxxxx has obtained all consents, approvals, authorizations and
other requirements prescribed by any law, rule or regulation which
must be obtained or satisfied by Xxxxxx 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 Xxxxxx relating to the
Xxxxxx Operations as of the Closing Date are good and merchantable,
and the quantities of all inventories are reasonable and consistent
with past practice of Xxxxxx. 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 Xxxxxx Operations for the fiscal year
ended December 31, 2000. None of the customers of the Xxxxxx
Operations has terminated or, to the knowledge of Xxxxxx, indicated an
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intention or plan to terminate all or a material part of the services
performed for, or orders historically placed by, such customers, and
Xxxxxx 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 Xxxxxx 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 Xxxxxx 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 Xxxxxx 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 Xxxxxx, 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 Xxxxxx during periods through and including Closing Date,
(B) the sale, distribution, erection or installation of products by
any of Xxxxxx prior to the Closing Date, or the manufacture of
products by Xxxxxx 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 Xxxxxx Operations or the ownership of the Acquired Xxxxxx Assets
during the period through and including the Closing Date.
5.19. SOLVENCY. Immediately prior to the date hereof, Xxxxxx 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 Xxxxxx 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 Xxxxxx
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 Xxxxxx 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
Xxxxxx) owns or has rights to any assets, properties, or rights of or
relating to the Xxxxxx Operations.
5.21. XXXX-XXXXX-XXXXXX. Buyers have performed (and are
responsible for) an independent analysis of the filing requirements
under the Xxxx-Xxxxx-Xxxxxx 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:
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(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
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(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 Xxxxxx 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;
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(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 Xxxxxx
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. Xxxxxx 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)
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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 Xxxxxx Assets and the Xxxxxx 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
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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 Xxxx Rock and Products, LLC,
Xxxx Xxxx, Xxxx
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Xxxx, Xxxxxxx and Xxxxxx, 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
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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 Xxxxxx Outdoor Advertising, Inc.
("Xxxxxx Outdoor") is able (after notice of this transaction has
been delivered to Xxxxxx 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 Xxxxxx 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 Xxxxxx
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 Xxxxxx
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 Xxxxxx 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;
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(i) any claims against or debts, liabilities or obligations
relating to the operation by the Sellers of the Acquired Xxxxxx
Assets or the Xxxxxx 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 Xxxxxx, the Xxxxxx
Operations, the Acquired Xxxxxx Assets or the transactions
contemplated hereby;
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(d) any claims against or debts, liabilities or obligations
of any of the Buyers relating to the Acquired Xxxxxx Assets or
the Xxxxxx 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 Xxxxxx 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.
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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 Xxxxxx 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 Xxxxxx 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);
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(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
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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
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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: Xxxxxx Paving & Construction, Inc.
000 Xxxx Xxxxxx Xxxxxx
Xxxxx Xxxx Xxxx Xxxx, Xxxx 00000
Attention: S. Xxx Xxxxxx
Fax: (000) 000-0000
and: Xxxx X. Xxxxxx Companies
2350 South, 0000 Xxxx
Xxxxx, Xxxx 00000
Attention: Xxxxx Xxxxxxxx
Fax: (000) 000-0000
With copies to: Oldcastle, Inc.
0000 X Xxxxxx, X.X.
Xxxxx 000
Xxxxxxxxxx, XX 00000
Attention: Xxxxx Xxxxxxxxx
Fax: (000) 000-0000
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Xxxxxx, Xxxx & Xxxxxxxx, LLP
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxx X. Xxxxxx, Esq.
Tel: (000) 000-0000
Fax: (000) 000-0000
If to the Sellers: U.S. Aggregates, Inc.
0000 Xxxxxxxxx Xxxxxxx, Xxxxx 000
Xxxxxxxxxx, Xxxxxxx 00000
Attention: Xxxxxx Xxxxxx, President
Tel: (000) 000-0000
Fax: (000) 000-0000
With a copy to: Baker, Donelson, Xxxxxxx & Xxxxxxxx
0000 Xxxxxxxx Xxxxxx
000 Xxxxxxxx Xxxxxx
Xxxxxxxxxxx, Xxxxxxxxx 00000-0000
Attention: Xxxxxx X. Xxxxx, Esq.
Tel: (000) 000-0000
Fax: (000) 000-0000
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 Xxxxxx Operations. Transfer,
mortgage conveyance and recording taxes payable in connection with the
transfer of the real property and the Xxxxxx 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 Xxxxxx 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 Xxxxxx
Assets and Xxxxxx Operations covered hereby
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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 Xxxxxx Xxxxxx, Xxxxxx Xxxxxx, Xxxx Xxxxx (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. Xxx Xxxxxx
and Xxxxx Xxxxxxxx (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)
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
the date first written above.
XXXXXX PAVING AND CONSTRUCTION, INC.
a Utah corporation
By: /s/
--------------------------------
Name:
Title:
XXXX X. XXXXXX 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:
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GEODYNE XXXX 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 XXXX ROCK PRODUCTS, INC.
1. [Reserved]
2. Site 26 (Falcon Ridge Hot Plant) Asphalt Plant (adjacent to Falcon Ridge
0000 Xxxxx Xxxx Xxxxxx limestone quarry)
Salt Lake City, Utah
(Salt Lake County)
3. Site 25A (Falcon Ridge Quarry) Stockpile area
0000 X. Xxxxxxx Xxxx
Xxxx Xxxx Xxxx, Xxxx
(Salt Lake County)
Site 25B (Falcon Ridge Quarry) Falcon Ridge limestone quarry (30 acres)
0000 X. Xxxxxxx Xxxx
Xxxx Xxxx Xxxx, Xxxx
(Salt Lake County)
Site 25C (Falcon Ridge Quarry) Falcon Ridge limestone quarry (18 acres)
X. Xxxxxxx Xxxx
Xxxx Xxxx Xxxx, Xxxx
(Salt Lake County)
MONROC, INC.
4. Site 30 Ready mix plant
Xxxxxxx Xxx Xx. 0
0000 Xx. Xxxxxxx 000
Xxxxx, Xxxx 00000
5. Site 32 Limestone quarry
0000 Xxxx Xxxxxx
Xxxx Xxxx Xxxx, Xxxx 00000
Tri State Lab Lab
0000 Xxxxx Xxxx Xxxxxx
Xxxx Xxxx Xxxx, Xxxx 00000
6. Site 38 (Heber) Ready mix plant
000 Xx. 00xx Xxxx
Xxxxx Xxxx, Xxxx
(Wasatch County)
7. Site 44 (Park City) Ready mix plant
0000 Xxxxxxxx Xxxx
Xxxx Xxxx, Xxxx 00000
(Summit County)
8. Site 47 Ready mix plant
Point of the Mountain
Draper, Utah
(Salt Lake County)
--------------------------------------------------------------------------------------------------
Schedule A
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--------------------------------------------------------------------------------------------------
9. Site 90 (Lehi) Ready mix plant
00000 Xxxx X.X. 00
Xxxx, Xxxx 00000
(Utah County)
VALLEY ASPHALT, INC.
10. Site 91 (Xxxxxx) Ready mix plant
Xxxxxx Yard
0000 Xxxxx Xxx Xxxxx Xxxx
Xxxxxxx Xxxx, Xxxx
(Utah County)
11. Tooele (no site number) Pit
--------------------------------------------------------------------------------------------------
Schedule A
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SCHEDULE B
==================================================================================================
PARCEL TYPE OF FACILITY
--------------------------------------------------------------------------------------------------
Xxxxxx Paving and Construction
1. Xxxxxxx 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
XXXX X. XXXXXX COMPANIES
XXXXXX PAVING AND CONSTRUCTION COMPANY, INC.
AS THE BUYERS,
VALLEY ASPHALT, INC.
GEODYNE XXXX 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.,
Xxxxxxx X. Xxxxx 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 Xxx 0, Xxxxx 0, XXXX XXXX VIEW ADDITION, in the
Southeast quarter of the Northwest quarter of Section 00, Xxxxxxxx 0 Xxxxx,
Xxxxx 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 Xxxx 00, 00 xxx 00, Xxxxx 0, XXXX XXXX VIEW ADDITION, in the
Southeast quarter of the Northwest quarter of Section 00, Xxxxxxxx 0 Xxxxx,
Xxxxx 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 Xxxx 00 xxx 00, Xxxxx 0, XXXX XXXX VIEW ADDITION, in the Southeast
quarter of the Northwest quarter of Section 00, Xxxxxxxx 0 Xxxxx, Xxxxx 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
00, Xxxxxxxx 0 Xxxxx, Xxxxx 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 Xxx 0, Xxxxx 0, XXXX XXXX VIEW ADDITION, in the
Southeast quarter of the Northwest quarter of Section 00, Xxxxxxxx 0
Xxxxx, Xxxxx 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
00, Xxxxxxxx 0 Xxxxx, Xxxxx 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 00, Xxxxxxxx 0 Xxxxx, Xxxxx 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., Xxxxxxx X. Xxxxx 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: Xxxxx 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: XXXXX 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: XXXXX 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 Xxxxxx 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., Xxxxxxx X. Xxxxx 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
Xxxxxx 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 XXXXXXX X. XXXXX, concerning access to the property owned by
XXXXXXX X. XXXXX 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 XXXXXXX X. XXXXX and
XXXXXXXX X. XXXXX, 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 XXXX XXXXXX and X. X. XXXXXX, concerning access
to the property owned by XXXX XXXXXX and X. X. XXXXXX 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 00, Xxxxxxxx 0 Xxxxx, Xxxxx 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 00, Xxxxxxxx 0 Xxxxx, Xxxxx 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 00, Xxxxxxxx 0 Xxxxx, Xxxxx 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., Xxxxxxx X. Xxxxx 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 XXXX XXXX, for a Private Road Crossing at Mount, Utah, X.X.,
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 Xxxxx 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 XXXXX XXXXXXXXX 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 Xxxxxxx 00, Xxxxxxxx 0 Xxxxx, Xxxxx 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 XXXXX XXXXXXXXX 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., Xxxxxxx X. Xxxxx LS No. 259684:
a. Variation of fencelines from deed lines
b. Encroachment of fence into Xxxxxxxx Road
14
c. Encroachment of improvements onto the easement of Salt Lake
Pipeline Company
d. Encroachment of improvements across the northwesterly property
line.
0000 XXXX XXXXXX (XXXXXX XXXX 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., Xxxxxxx X. Xxxxx LS No. 259684.
0000 XXXXX XXXX XXXXXX (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 X. X. XXXXXXX, 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., Xxxxxxx X. Xxxxx LS No. 259684.
XXXXXX 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 XXXXXXX X. XXXXXXX, 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
00
Xxxxxxxx Xxxx 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 XXXXXXXX XXXXXXX XXXXXXX and XXXX X.
XXXXXXX, Trustees of the XXXXXXXX XXXXXXX TRUST, and the survivor
thereof and successors, acquired under and by virtue of that certain
Quit Claim Deed dated February 16, 1983, executed by XXXXXXXX X.
XXXXXXX and XXXX X. XXXXXXX, recorded April 11, 1983, as Entry NO.
10255, in Book 2042, at page 308, of Official Records.
6. The Conflicting Interest of XXXXXXXX XXXXXXX XXXXXXX and XXXX X.
XXXXXXX, Trustees of the XXXX X. XXXXXXX TRUST, and the survivor
thereof and successors, acquired under and by virtue of that certain
Quit Claim Deed dated February 16, 1983, executed by XXXXXXXX X.
XXXXXXX and XXXX X. XXXXXXX, recorded April 11, 1983, as Entry No.
10256, in Book 2042, at page 310, of Official Records.
7. The Conflicting Interest of XXXXXXX XXXXXXXXXX and XXXXXX XXXXXXXXXX,
acquired under and by virtue of that certain Warranty Deed executed by
XXXXXX X. XXXXXX, aka XXXX X. XXXXXX and XXXX X. XXXXXX, 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., Xxxxxxx X. Xxxxx 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: Xxxxxxxx X. Xxxxxx
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: X. Xxxxxxx Xxxxxx
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: Xxxxxxxx X. Xxxxxx
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: Xxxxxxx Xxxxxx and Xxxxxxxx X. Xxxxxx,
Trustees and Xxxx X. Xxxxxx and Xxxxx Xx Xxxxxx, 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: Xxxxx X. Xxxxxx, as attorney in fact for the Xxxxxx
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.,
Xxxxxxx X. Xxxxx 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 Xxxx 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 Xxxx Rock and Products, a Utah limited liability company, Xxxx
Xxxx, and Xxxx Xxxx and X. Xxxxxxx Xxxxxx, 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 0XXXX00XXX0000000 10,000 P NSL
-----------------------------------------------------------------------------------------------------------------------------------
5 Xxxxxx 00 XXXXX Xxxxxx x/Xxxxx 0X0XX00X0XX0000000 15,000 P NSL have title
-----------------------------------------------------------------------------------------------------------------------------------
6 Xxxxxx 00 XXXXX Xxxxxx x/Xxxxx 0X0XX00X0XX000000 12,000 P NSL
-----------------------------------------------------------------------------------------------------------------------------------
7 Monroc 97 DODGE Pickup w/Radio 000XX00X0XX000000 14,000 P NSL
-----------------------------------------------------------------------------------------------------------------------------------
17 Monroc 85 GMC Pickup w/Radio 0XXXX00XXXX000000 1,000 P NSL have title
-----------------------------------------------------------------------------------------------------------------------------------
Getting
UCC
releases
from
18 Monroc 96 XXXX TRAILER 0XX0X0000XX000000 25,000 P NSL Safeco
-----------------------------------------------------------------------------------------------------------------------------------
Getting
UCC
releases
from
19 Monroc 96 XXXX TRAILER 1BN2C373ITB004349 25,000 P NSL Safeco
-----------------------------------------------------------------------------------------------------------------------------------
have
24 Monroc 00 XXXXXXXX Xxxxxxx x/Xxxxx 0XXXXX0X0XX000000 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
00 Xxxxxx 00 0XXX 0XXX0XXXXXX000000 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 00
XXX XXXXXXXXX Xxxx have
44 Monroc 64 TRAILER OME275101 2,500 P City title
-----------------------------------------------------------------------------------------------------------------------------------
Bacchus
45 Monroc XXXXX 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 Xxxx St
-----------------------------------------------------------------------------------------------------------------------------------
10,000 GAB ABOVE
GROUND DIESEL
52 Monroc FUELING STATION 10,000 P Xxxx 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 Xxxxxx and Eagle
55 Monroc SYSTEM Valley P NSL
-----------------------------------------------------------------------------------------------------------------------------------
TRUCK TRACKING
56 Monroc SYSTEM P NSL
-----------------------------------------------------------------------------------------------------------------------------------
NEW WATER SYSTEM AT Xxxx
57 Monroc BATCH PLANT P St.
-----------------------------------------------------------------------------------------------------------------------------------
US
Bankcorp
Capital
1981 CATEPILLAR Lease
58 Monroc 81 9888 LOADER #8015 50W5558 40,000 P XXX 00000-000
-----------------------------------------------------------------------------------------------------------------------------------
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 XXXXXX #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
-----------------------------------------------------------------------------------------------------------------------------------
Xx xx
00 Xxxxxx XX 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 XXX
00" 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" XXXXXXX
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' XXXXXXX
97 Monroc 99 RADIAL STACKER 401410 12,000 P NSL
-----------------------------------------------------------------------------------------------------------------------------------
30" X 100' XXXXXXX
98 Monroc 99 RADIAL STACKER 401411 12,000 P NSL
-----------------------------------------------------------------------------------------------------------------------------------
30" X 100' XXXXXXX
99 Monroc 99 STACKER CONVEYOR 401409 12,000 P NSL
-----------------------------------------------------------------------------------------------------------------------------------
30" X 100' REESCO
100 Xxxxxx 00 XXXXX XXXXXXXX 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 XXXXXXXXXXX
000 Xxxxxx 00 XXXXXX XXXXXXXX 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 Xxxxxx 00 XXXXX XXXXXXXX 4,000 P NSL
-----------------------------------------------------------------------------------------------------------------------------------
30" X 80' REESCO
111 Monroc 99 FRAME CONVEYOR 3199E 4,000 P NSL
-----------------------------------------------------------------------------------------------------------------------------------
30" X 80' REESCO
112 Xxxxxx 00 XXXXX XXXXXXXX 4,000 P NSL
-----------------------------------------------------------------------------------------------------------------------------------
30" X 80' REESCO
113 Xxxxxx 00 XXXXX XXXXXXXX 4,000 P NSL
-----------------------------------------------------------------------------------------------------------------------------------
36" X 100'
XXXXXXXXXX DRIVE
114 Monroc 99 CONVEYOR 5,000 P NSL
-----------------------------------------------------------------------------------------------------------------------------------
36" X 124" REESECO
115 Xxxxxx 00 XXXXX XXXXXXXX 14,000 P NSL
-----------------------------------------------------------------------------------------------------------------------------------
36" X 124" REESECO
116 Xxxxxx 00 XXXXX XXXXXXXX 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
000 Xxxxxx XXXXXX 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
XXXXXXXXX
-----------------------------------------------------------------------------------------------------------------------------------
STACKER MOD 150-24
126 Monroc XXXXXXXX 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 00-0000-0 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
-----------------------------------------------------------------------------------------------------------------------------------
Xxxx
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
000 Xxxxxx XXXX XXXX p City
-----------------------------------------------------------------------------------------------------------------------------------
NATBOILER NATCO C M 000 Xxxx
000 Xxxxxx 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 XXXXX XX Xxxx
000 Xxxxxx XXXX XXXX 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 XXXX ST SHOP p NSL
-----------------------------------------------------------------------------------------------------------------------------------
165 Monroc HEAT SYST FOR SHOP p NSL
-----------------------------------------------------------------------------------------------------------------------------------
XXXX 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
-----------------------------------------------------------------------------------------------------------------------------------
Xxxx
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 XXXX (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 XXX
----------------------------------------------------------------------------------------------------------------------------------
00000 AUTO BATCH Park
187 Monroc CONTROLLER DISPATCH SYSTEM p City
----------------------------------------------------------------------------------------------------------------------------------
Park
188 Monroc CAST STONE 30X75 BLDG p City
----------------------------------------------------------------------------------------------------------------------------------
000 Xxxxxx XXXXXXXXX XXXXXXXX x XXX
----------------------------------------------------------------------------------------------------------------------------------
Xxxx
190 Monroc CEMENT SILO XXXXXX p City
----------------------------------------------------------------------------------------------------------------------------------
CONTROL 8' X 10' MOTOR Pt of
191 Monroc CONTROL CENTER 5,000 p Mtn RM
----------------------------------------------------------------------------------------------------------------------------------
Xxxx
192 Monroc TWO XXXXXXX STACKERS 15,000 P Street
----------------------------------------------------------------------------------------------------------------------------------
Xxxx
193 Monroc 54" EAGLE SANDSCREW 15,000 p Street
----------------------------------------------------------------------------------------------------------------------------------
TWO LARGE CEMENT SILOS May be
000 Xxxxxx XXXX XXXXXX P NSL duplicate
----------------------------------------------------------------------------------------------------------------------------------
Xxxx
St. &
Pt of
195 Monroc PERRY BLOCK FORMS P Mtn
----------------------------------------------------------------------------------------------------------------------------------
196 Monroc CEMENT SILO IN XXXXX X Xxxxx
----------------------------------------------------------------------------------------------------------------------------------
Xxxx
000 Xxxxxx XXXXX JACKS & other p St.
----------------------------------------------------------------------------------------------------------------------------------
Xxxx
198 Monroc 300A ARC WELDER 1,500 P St.
----------------------------------------------------------------------------------------------------------------------------------
GE
Capital
Mixer Oper
Truck Lease
199 Monroc 96 Xxxx XX w/Radio 0X0X00000X0000000 45,000 p Utah RM 2116 7023
----------------------------------------------------------------------------------------------------------------------------------
26
-----------------------------------------------------------------------------------------------------------------------------
GE
Capital
Mixer Oper
Truck Lease
200 Monroc 96 Xxxx XX w/Radio 1S9C761333T1136617 45,000 p Utah RM 2116 7024
-----------------------------------------------------------------------------------------------------------------------------
GE
Capital
Mixer Oper
Truck Lease
201 Monroc 96 Xxxx XX w/Radio 0X0X00000X0000000 45,000 p Utah RM 2116 7028
-----------------------------------------------------------------------------------------------------------------------------
GE
Capital
Mixer Oper
Truck Lease
202 Monroc 96 Xxxx XX w/Radio 0X0X00000X0000000 45,000 p Utah RM 2116 7021
-----------------------------------------------------------------------------------------------------------------------------
GE
Capital
Mixer Oper
Truck Lease
203 Monroc 96 Xxxx XX w/Radio 0X0X00000X0000000 45,000 p Utah RM 2116 7030
-----------------------------------------------------------------------------------------------------------------------------
GE
Capital
Mixer Oper
Truck Lease
204 Monroc 96 Xxxx XX w/Radio 1S9C7133T1136620 45,000 p Utah RM 2116 7027
-----------------------------------------------------------------------------------------------------------------------------
GE
Capital
Mixer Oper
Truck Lease
205 Monroc 96 Xxxx XX w/Radio 0X0X0000XX0000000 45,000 p Utah RM 2116 7118
-----------------------------------------------------------------------------------------------------------------------------
GE
Capital
Mixer Oper
Truck Lease
206 Monroc 96 Xxxx XX w/Radio XX0X0000XX0000000 45,000 p Utah RM 2116 7025
-----------------------------------------------------------------------------------------------------------------------------
GE
Capital
Mixer Oper
Truck Lease
207 Monroc 96 Xxxx XX w/Radio 0X0X0000XX0000000 45,000 p Utah RM 2116 7026
-----------------------------------------------------------------------------------------------------------------------------
GE
Capital
Mixer Oper
Truck Lease
208 Monroc 96 Xxxx XX w/Radio 0X0X0000XX0000000 45,000 p Utah RM 2116 7029
-----------------------------------------------------------------------------------------------------------------------------
Banc
One
Mixer Oper
Truck Lease
209 Monroc 00 Advance FD w/Radio 0XX0XX0X0X0000000 125,000 p Utah RM 2118 7084
-----------------------------------------------------------------------------------------------------------------------------
Banc
One
Mixer Oper
Truck Lease
210 Monroc 00 Advance FD w/Radio 0XX0XX0X0X0000000 125,000 p Utah RM 2118 7061
-----------------------------------------------------------------------------------------------------------------------------
Banc
One
Mixer Oper
Truck Lease
211 Monroc 00 Advance FD w/Radio 0XX0XX0X0X0000000 125,000 p Utah RM 2118 7062
-----------------------------------------------------------------------------------------------------------------------------
Banc
One
Mixer Oper
Truck Lease
212 Monroc 00 Advance FD w/Radio 0XX0XX0X0X0000000 125,000 p Utah RM 2118 7063
-----------------------------------------------------------------------------------------------------------------------------
Banc
One
Mixer Oper
Truck Lease
213 Monroc 00 Advance FD w/Radio 0XX0XX0X0X0000000 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 0XX0XX0XXX0000000 125,000 p Utah RM 2118 7058
-----------------------------------------------------------------------------------------------------------------------------
GE
Capital
Mixer Oper
Truck Lease
216 Monroc 98 Xxxx XX w/Radio 1S9C7134W1136744 87,000 p Utah RM 2131 7116
-----------------------------------------------------------------------------------------------------------------------------
GE
Capital
Mixer Oper
Truck Lease
217 Monroc 98 Xxxx XX w/Radio 0X0X00000X0000000 87,000 p Utah RM 2131 7117
-----------------------------------------------------------------------------------------------------------------------------
GE
Capital
Mixer Oper
Truck Lease
218 Monroc 98 Xxxx XX w/Radio 0X0X00000X0000000 87,000 p Utah RM 2131 7537
-----------------------------------------------------------------------------------------------------------------------------
GE
Capital
Mixer Oper
Truck Lease
219 Monroc 98 Xxxx XX w/Radio 0X0X00000X0000000 87,000 p Utah RM 2131 7538
-----------------------------------------------------------------------------------------------------------------------------
Safeco
Credit
Mixer Oper
Truck Lease
220 Monroc 98 Advance FD w/Radio 0X0XXX0X0X0000000 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 0X0XXX0X0X0000000 87,000 p Utah RM 2134 7083
-----------------------------------------------------------------------------------------------------------------------------
Safeco
Credit
Mixer Oper
Truck Lease
223 Monroc 98 Advance FD w/Radio 0X0XXX0X0X0000000 87,000 p Utah RM 2134 7085
-----------------------------------------------------------------------------------------------------------------------------
Safeco
Credit
Mixer Oper
Truck Lease
224 Monroc 98 Advance FD w/Radio 0X0XXX0X0X0000000 87,000 p Utah RM 2134 7082
-----------------------------------------------------------------------------------------------------------------------------
Safeco
Credit
Mixer Oper
Truck Lease
225 Monroc 98 Advance FD w/Radio 0X0XXX0X0X0000000 87,000 p Utah RM 2134 7079
-----------------------------------------------------------------------------------------------------------------------------
Safeco
Credit
Mixer Oper
Truck Lease
226 Monroc 98 Advance FD w/Radio 0X0XXX0X0X0000000 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 0X0XXX0X0X0000000 87,000 p Utah RM 2134 7077
-----------------------------------------------------------------------------------------------------------------------------
Concord
Mixer Oper
Truck Lease
230 Monroc 99 Advance FD w/Radio 0X0XXX0X0X0000000 105,000 p Utah RM 2142 7088
-----------------------------------------------------------------------------------------------------------------------------
Concord
Mixer Oper
Truck Lease
231 Monroc 99 Advance FD w/Radio 0X0XXX0X0X0000000 105,000 p Utah RM 2142 7086
-----------------------------------------------------------------------------------------------------------------------------
27
------------------------------------------------------------------------------------------------------------------------------
Concord
Mixer Oper
Truck Lease
232 Monroc 99 Advance FD w/Radio 0X0XXX0X0X0000000 105,000 p Utah RM 2142 7090
------------------------------------------------------------------------------------------------------------------------------
Concord
Mixer Oper
Truck Lease
233 Monroc 99 Advance FD w/Radio 0X0XXX0X0X0000000 105,000 p Utah RM 2142 7091
------------------------------------------------------------------------------------------------------------------------------
Concord
Mixer Oper
Truck Lease
234 Monroc 99 Advance FD w/Radio 0X0XXX0X0X0000000 105,000 p Utah RM 2142 7087
------------------------------------------------------------------------------------------------------------------------------
Concord
Mixer Oper
Truck Lease
235 Monroc 99 Advance FD w/Radio 0X0XXX0X0X0000000 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 0X0XXX0XXX0000000 105,000 p Utah RM 2142 7093
------------------------------------------------------------------------------------------------------------------------------
B of A
Oper
Lease
Mixer 2143 -
Truck HAVE
238 Monroc 99 Advance FD w/Radio 0X0XXX0X0X0000000 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 0X0XXX0X0X0000000 105,000 p Utah RM TITLE 7097
------------------------------------------------------------------------------------------------------------------------------
B of A
Oper
Lease
Mixer 2143 -
Truck HAVE
241 Monroc 99 Advance FD w/Radio 0X0XXX0X0X0000000 105,000 p Utah RM TITLE 7095
------------------------------------------------------------------------------------------------------------------------------
B of A
Oper
Lease
Mixer 2143 -
Truck HAVE
242 Monroc 99 Advance FD w/Radio 0X0XXX0X0X0000000 105,000 p Utah RM TITLE 7096
------------------------------------------------------------------------------------------------------------------------------
B of A
Oper
Lease
Mixer 2143 -
Truck HAVE
243 Monroc 99 Advance FD w/Radio 0X0XXX0X0X0000000 105,000 p Utah RM TITLE 7098
------------------------------------------------------------------------------------------------------------------------------
B of A
Oper
Lease
Mixer 2143 -
Truck HAVE
244 Monroc 99 Advance FD w/Radio 0X0XXX0X0X0000000 105,000 p Utah RM TITLE 7094
------------------------------------------------------------------------------------------------------------------------------
GE
Capital
Mixer Oper
Truck Lease
245 Monroc 99 Advance FD w/Radio 0X0XXX0X0X0000000 105,000 p Utah RM 2145 7055
------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------
GE
Capital
Mixer Oper
Truck Lease
246 Monroc 99 Advance FD w/Radio 0X0XXX0X0X0000000 105,000 p Utah RM 2145 7052
--------------------------------------------------------------------------------------------------------------------------
GE
Capital
Mixer Oper
Truck Lease
247 Monroc 99 Advance FD w/Radio 0X0XXX0X0X0000000 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 0X0XXX0XXX0000000 105,000 p Utah RM 2145 7053
--------------------------------------------------------------------------------------------------------------------------
Mixer
Truck
250 Monroc 94 Xxxx XX w/Radio 0X0X00000X0000000 20,000 p Utah RM 7107
--------------------------------------------------------------------------------------------------------------------------
Mixer
Truck Have
251 Monroc 94 Xxxx XX w/Radio 0X0X00000X0000000 20,000 p Utah RM title 7008
--------------------------------------------------------------------------------------------------------------------------
Mixer
Truck Have
252 Monroc 94 Xxxx XX w/Radio 0X0X00000X0000000 20,000 p Utah RM title 7009
--------------------------------------------------------------------------------------------------------------------------
Mixer
Truck Have
253 Monroc 94 Xxxx XX w/Radio 0X0X00000X0000000 20,000 p Utah RM title 7106
--------------------------------------------------------------------------------------------------------------------------
Mixer
Truck Have
254 Monroc 94 Xxxx XX w/Radio 0X0X00000X0000000 20,000 p Utah RM title 7104
--------------------------------------------------------------------------------------------------------------------------
Mixer
Truck Have
255 Monroc 94 Xxxx XX w/Radio 1S99C71337R1136418 20,000 p Utah RM title 7108
--------------------------------------------------------------------------------------------------------------------------
Mixer
Truck Have
256 Monroc 94 Xxxx XX w/Radio 0X0X00000X0000000 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
000 Xxxxxx 00 XXXX x/Xxxxx 0XX0X0XX0X00000000 6,000 p Utah RM 7102
---------------------------------------------------------------------------------------------------------------------------
Added to
Monroc 96 DODGE RAM list 1B7K26Z2TS707277 p Xxxx XX 00000
--------------------------------------------------------------------------------------------------------------------------
Monroc 99 FORD EXPLORER 0XXXX00X0XXX00000 p Xxxx XX 00000
--------------------------------------------------------------------------------------------------------------------------
Added to Xxxx
Monroc 99 CHEVY TAHOE list 1GNEK13RXJ416491 20,000 p Utah XX Xxxxxxxx 31111
--------------------------------------------------------------------------------------------------------------------------
Added to
Monroc 99 FORD list 0XXXX00X0XXX00000 20,000 p Xxxx XX 00000
--------------------------------------------------------------------------------------------------------------------------
Added to
Xxxxxx 0000 DODGE RAM list 0X0XX00X00X000000 p Xxxx XX 00000
--------------------------------------------------------------------------------------------------------------------------
Added to
Xxxxxx 00 XXXXX xxxx 0X0XX00X0XX000000 x Xxxx XX 00000
--------------------------------------------------------------------------------------------------------------------------
Added to Xxxxx
Monroc 2000 FORD EXPLORER list 0XX0X00X0X0X00000 20,000 p Utah XX Xxxxxxxx 35671
--------------------------------------------------------------------------------------------------------------------------
P&H Dragline (Used
to clean Monroc Added to
Monroc Xxxx St. ponds) list p Utah RM
--------------------------------------------------------------------------------------------------------------------------
USED NORTHWEST 95D Added back Xxxxx
Xxxxxx XXXXXXXX #0000 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
XXXX ST., XXXXX CITY AND
Monroc PARK CITY PLANTS P Utah RM
-----------------------------------------------------------------------------------------------------------------------------
PHONE LINES ASSOCIATES
Monroc WITH READY MIX PLANTS P Utah RM
-----------------------------------------------------------------------------------------------------------------------------
LEL
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx IMT Dominator II Service
1 XX Xxxxxx w/Radio 0XXXX00X0XXX00000 65,000 p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx
2 RM 69 PETERBILT XXX WATER TRUCK w/Radio 32163 600 p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx
3 RM CONFERENCE TRAILER 1,000 p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx
4 RM Concrete Mixer Bowl p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx Concrete Mixer Bowl &
5 XX Xxxxxx Sub Assembly p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx
6 RM DRUM MIXER FABRICATION p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx
7 RM New Concrete Mixer Bowl p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx
8 RM U-CART CONCRETE BUGGY 7SK00668 170,000 p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx
0 XX 00 Cat 970F Loader 500 p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx
00 XX 00 SAVAGE MIXER TRUCK 500 p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx
00 XX 00 WRIGHTWAY MIXER TRUCK 3,500 p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx
12 RM 30X40 CONVEYOR 6,000 p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx
13 RM 36"X70' STACKABLE CONVEYOR 100,000 p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx 12 YD CONCRETE AGGREGATE
14 XX XXXXXXX p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx 1996 Custom Built
15 RM Concrete Plant Building p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx
00 XX 000XXX CEMENT STORAGE SILO p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx
00 XX 0000 Gal Water Tank 2,000 p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx 96 Boiler For Concrete
18 RM Plan p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx
19 RM CONCRETE STORAGE BIN p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx
20 RM Control House p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx
21 XX XXXX BANDIT CONCRETE PLANT 30,000 p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx
22 RM Office Computer Equipment p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx U99 Van Trailer for
23 RM Storage 1,000 p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx
00 XX 0000 Mercury Mountaineer 0X0XX00X0XXX00000 18,000 p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx
25 RM Bulk Cement Guppy or Silo p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
Xxxxxx
00 XX 00 Ford F150 Supercab 0XXXX00X0XXX00000 9,800 p Xxxxxx
-----------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxx Chalmers 200 KW
27 RM generator 500 p Xxxxxx
------------------------------------------------------------------------------------------------------------------------------
Xxxxxx
28 RM Solaire J40 DWPE Generator 500 p Xxxxxx
------------------------------------------------------------------------------------------------------------------------------
Xxxxxx
00 XX 0000 Crane Mixer Truck 500 p Xxxxxx
------------------------------------------------------------------------------------------------------------------------------
Xxxxxx
00 XX 000 Barrel Lime Silo p Xxxxxx
------------------------------------------------------------------------------------------------------------------------------
Xxxxxx 1983 Fruehauf Aluminium
31 RM pup tir 1,000 p Xxxxxx
------------------------------------------------------------------------------------------------------------------------------
Xxxxxx
00 XX 0000 Xxxxx Cement tlr 3,000 p Xxxxxx
------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Xxxxxxxx Denver Air
33 RM Compressor 500 p Xxxxxx
------------------------------------------------------------------------------------------------------------------------------
Xxxxxx
34 RM CDI Dispatch software p Xxxxxx
------------------------------------------------------------------------------------------------------------------------------
Safeco
Mixer Oper
Xxxxxx Truck Xxxxx
00 XX 00 00 XXX-XXXX MIXER w/Radio 1OT3R0SS061052952 55,000 p Xxxxxx 34063-003
------------------------------------------------------------------------------------------------------------------------------
Safeco
Mixer Oper
Xxxxxx Truck Xxxxx
00 XX 00 00 XXX-XXXX MIXER w/Radio 1OT3R0SS2T1052953 55,000 p Xxxxxx 34063-003
------------------------------------------------------------------------------------------------------------------------------
Safeco
Mixer Capital
Xxxxxx 96 OSH-KOSH MIXER TRUCK - Truck Lease
37 RM 96 S-2146 w/Radio 1OT3ROSS2T1052944 55,000 p Leland 34063-002
------------------------------------------------------------------------------------------------------------------------------
Safeco
Mixer Capital
Xxxxxx 96 OSH-KOSH MIXER TRUCK - Truck Lease
38 RM 96 S-2146 w/Radio 1OT3ROSS2T1052945 55,000 p Leland 34063-002
------------------------------------------------------------------------------------------------------------------------------
Safeco
Mixer Capital
Xxxxxx 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
Xxxxxx 96 OSH-KOSH MIXER TRUCK - Truck Lease
40 RM 96 S-2146 w/Radio 1OT3ROSS1T1052947 55,000 p Xxxxxx 34063-002
---------------------------------------------------------------------------------------------------------------------------------
Safeco
Mixer Oper
Xxxxxx Truck Xxxxx
00 XX 00 00 XXX-XXXX MIXER w/Radio 1OTMAWD20VS063085 65,000 p Xxxxxx 34063-006
---------------------------------------------------------------------------------------------------------------------------------
Safeco
Mixer Oper
Xxxxxx Truck Xxxxx
00 XX 00 00 XXX-XXXX MIXER w/Radio 1OTMAWD24VS063087 65,000 p Xxxxxx 34063-006
---------------------------------------------------------------------------------------------------------------------------------
Safeco
Mixer Oper
Xxxxxx Truck Xxxxx
00 XX 00 00 XXX-XXXX MIXER w/Radio 1OTMAWD24VS063090 65,000 p Xxxxxx 34063-006
---------------------------------------------------------------------------------------------------------------------------------
Safeco
Mixer Oper
Xxxxxx Truck Xxxxx
00 XX 00 00 XXX-XXXX MIXER w/Radio 1OTMAWD26VS063088 65,000 p Xxxxxx 34063-006
---------------------------------------------------------------------------------------------------------------------------------
Safeco
Mixer Oper
Xxxxxx Truck Xxxxx
00 XX 00 00 XXX-XXXX MIXER w/Radio 1OTMAWD28VS063089 65,000 p Xxxxxx 34063-006
---------------------------------------------------------------------------------------------------------------------------------
Safeco
Mixer Oper
Xxxxxx Truck Xxxxx
00 XX 00 00 XXX-XXXX MIXER w/Radio 1OT3ROSSXT1052635 55,000 p Xxxxxx 34063-012
---------------------------------------------------------------------------------------------------------------------------------
Safeco
Mixer Oper
Xxxxxx Truck Xxxxx
00 XX 00 00 XXX-XXXX MIXER w/Radio 1OTMAWD26X5066088 116,000 p Xxxxxx 34063-012
---------------------------------------------------------------------------------------------------------------------------------
Safeco
Mixer Oper
Xxxxxx Truck Xxxxx
00 XX 00 00 XXX-XXXX MIXER w/Radio 00XXXXX00XX000000 116,000 p Xxxxxx 34063-013
---------------------------------------------------------------------------------------------------------------------------------
Safeco
Mixer Oper
Xxxxxx Truck Xxxxx
00 XX 00 00 XXX-XXXX MIXER w/Radio 00XXXXX00XX000000 116,000 p Xxxxxx 34063-013
---------------------------------------------------------------------------------------------------------------------------------
Safeco
Mixer Oper
Xxxxxx Truck Xxxxx
00 XX 0 0000 XXX-XXXX MIXER w/Radio 10TRAWD10YSO67137 130,000 p Xxxxxx 34063-014
---------------------------------------------------------------------------------------------------------------------------------
Safeco
Mixer Capital
Xxxxxx Truck Xxxxx
00 XX 00 00 XXX-XXXX MIXER w/Radio 1DT3ROSS2T1053729 55,000 p Xxxxxx 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 0XXXX00X0XXX00000 9,800 P Lehi
--------------------------------------------------------------------------------------------------------------------------------
Eagle
13 RM 2000 F150 Ford Pickup 0XXXX00X0XXX00000 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 0X0XXX0X0X0000000 7,000 P Lehi
--------------------------------------------------------------------------------------------------------------------------------
Mixer
Eagle Truck
17 RM 88 1988 Advance Mixer w/Radio 0X0XXX0X0X0000000 7,000 P Lehi
--------------------------------------------------------------------------------------------------------------------------------
Mixer
Eagle Truck
18 RM 90 1990 Xxxx Mixer w/Radio 0X0X00000X0000000 7,000 P Lehi
--------------------------------------------------------------------------------------------------------------------------------
Mixer
Eagle Truck
19 RM 90 1990 Xxxx Mixer w/Radio 0X0X00000X0000000 7,000 P Lehi
--------------------------------------------------------------------------------------------------------------------------------
Mixer
Eagle Truck
20 RM 92 1992 Xxxx Mixer w/Radio 0X0X00000X0000000 10,000 P Lehi
--------------------------------------------------------------------------------------------------------------------------------
Mixer
Eagle Truck
21 RM 93 1993 Xxxx Mixer w/Radio 0X0X00000X0000000 12,000 P Lehi
--------------------------------------------------------------------------------------------------------------------------------
GD
--------------------------------------------------------------------------------------------------------------------------------
Safeco
Lease
23
Service (Lease
1999 Ford F800 Service Truck to be
1 Geodyne 99 Truck w/Radio 0XXXX0000XXX00000 35,000 S assumed)
--------------------------------------------------------------------------------------------------------------------------------
Safeco
Lease
24
(Lease
1999 Kenworth W900B Tractor to be
2 Geodyne 99 Transport Truck w/Radio 0XXXXXXX0XX000000 60,000 S assumed)
--------------------------------------------------------------------------------------------------------------------------------
Safeco
Lease
24
(Lease
1999 Trial Xxxx XX 10SA to be
3 Geodyne 99 Transport Trailer 0XXX00000XX000000 36,000 S assumed)
--------------------------------------------------------------------------------------------------------------------------------
Xxxx 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 0XXXXX0XXXX000000
-----------------------------------------------------------------------------------------------------------------------------------
Lease GO84 1999 Kenworth T800B GEO 0XXXXX0X0XX000000
-----------------------------------------------------------------------------------------------------------------------------------
Lease GO85 1999 Kenworth T800B GEO 0XXXXX0X0XX000000
-----------------------------------------------------------------------------------------------------------------------------------
Lease GO86 1998 Freightliner GEO 0XXXXXXX0XXX00000
-----------------------------------------------------------------------------------------------------------------------------------
Lease GO87 1998 Freightliner GEO 0XXXXXXX0XXX00000
-----------------------------------------------------------------------------------------------------------------------------------
Lease GO87 1998 Freightliner GEO 0XXXXXXX0XXX00000
-----------------------------------------------------------------------------------------------------------------------------------
Lease GO88 1998 Freightliner GEO 0XXXXXXX0XXX00000
-----------------------------------------------------------------------------------------------------------------------------------
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 0X0XX0000XX000000
-----------------------------------------------------------------------------------------------------------------------------------
141 12/29/98 GP971 1997 Ford Crew Cab GEO 0XXXX00XXXXX00000
-----------------------------------------------------------------------------------------------------------------------------------
112 2/21/98 GT305 0000 Xxxxx Xxxxx XXX 0X0XX0000XX000000
-----------------------------------------------------------------------------------------------------------------------------------
113 2/21/98 GT306 1996 Xxxxx Xxxxx GEO 0X0XX0000XX000000
-----------------------------------------------------------------------------------------------------------------------------------
35 2/21/98 GT550 0000 Xxxxxxxx Xxxx Xxxxxxx XXX XXX000000
-----------------------------------------------------------------------------------------------------------------------------------
6 2/21/98 GT551 1980 Xxxxxxxxxx Pup Trailer GEO 66221
-----------------------------------------------------------------------------------------------------------------------------------
37 2/21/98 GT552 1980 Xxxxxxxxxx Pup Trailer GEO 66223
-----------------------------------------------------------------------------------------------------------------------------------
8 2/21/98 GT553 1980 Xxxxxxxxxx Pup Trailer GEO 66572
-----------------------------------------------------------------------------------------------------------------------------------
39 2/21/98 GT554 1980 Xxxxxxxxxx Pup Trailer GEO 66255
-----------------------------------------------------------------------------------------------------------------------------------
50
-----------------------------------------------------------------------------------------------------------------------------------
Geodyne Xxxx Rock Products, Inc.
------------------------------------------------------------------------------------------------------------------------------------
Truck List
------------------------------------------------------------------------------------------------------------------------------------
As of 2/28/01
------------------------------------------------------------------------------------------------------------------------------------
Sys# Acq Date Asset# Description Site Serial #
---- -------- ------ ----------- ---- --------
------------------------------------------------------------------------------------------------------------------------------------
NI40 2/21/98 GT555 0000 Xxxxxxxxxx Xxx Xxxxxxx XXX 0X00X0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
41 2/21/98 GT556 1981 Xxxxxxxxxx Pup Trailer GEO 0X00X0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
42 2/21/98 GT557 1981 Xxxxxxxxxx Pup Trailer GEO 0X00X0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
43 2/21/98 GT558 1988 Xxxxxxx Pup Trailer GEO 0X0XX00X0XX000000
------------------------------------------------------------------------------------------------------------------------------------
44 2/21/98 GT559 1988 Xxxxxxx Pup Trailer GEO 0X0XX00X0XX000000
------------------------------------------------------------------------------------------------------------------------------------
45 2/21/98 GT560 1984 Xxxxxxxxxx Pup Trailer GEO 0X00X0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
46 2/21/98 GT561 1984 Xxxxxxxxxx Pup Trailer GEO 0X00X0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
121 2/21/98 GT5619 0000 Xxxxx Xxxx Xxxxxxx XXX 0XXX00000X0000000
------------------------------------------------------------------------------------------------------------------------------------
47 2/21/98 GT562 1984 Xxxxxxxxxx Pup Trailer GEO 0X00X0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
129 1/1/00 GT5622 1997 Polar Tank Trailer GEO 0XXX00000X0000000
------------------------------------------------------------------------------------------------------------------------------------
137 5/26/98 GT5624 0000 Xxxxxxxx Xxxx Xxxx XXX 00000
------------------------------------------------------------------------------------------------------------------------------------
48 2/21/98 GT563 1984 Xxxxxxxxxx Pup Trailer GEO 0X00X0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
49 2/21/98 GT564 1984 Xxxxxxxxxx Pup Trailer GEO 1W94E252XS004094
------------------------------------------------------------------------------------------------------------------------------------
50 2/21/98 GT567 1978 Xxxxxxxxxx Pup Trailer GEO 64008
------------------------------------------------------------------------------------------------------------------------------------
51 2/21/98 GT571 1978 Ravens End Dump GEO 781323-781324
------------------------------------------------------------------------------------------------------------------------------------
52 2/21/98 GT574 0000 Xxxxxx Xxxxx Xxxx Xxxxxxx XXX 0X0XX0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
53 2/21/98 GT575 1993 Xxxxxx Belly Dump Pup GEO 0X0XX0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
54 2/21/98 GT576 0000 Xxxxxx Xxxxx Xxxx Xxxxxxx XXX 0X0XX0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
55 2/21/98 GT577 1993 Xxxxxx Belly Dump Pup GEO 0X0XX0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
56 2/21/98 GT579 0000 Xxxxxx Xxxxx Xxxx Xxxxxxx XXX 0X0XX0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
57 2/21/98 GT580 1993 Xxxxxx Belly Dump Pup GEO 0X0XX0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
58 2/21/98 GT581 1988 Polar Tank Trailer GEO 0XXX00000X0000000
------------------------------------------------------------------------------------------------------------------------------------
59 2/21/98 GT583 0000 Xxxxx Xxxx Xxxxxxx XXX XXX00000
------------------------------------------------------------------------------------------------------------------------------------
60 2/21/98 GT584 0000 Xxxxx Xxxx Xxx Xxxxxxx XXX XX00000
------------------------------------------------------------------------------------------------------------------------------------
61 2/21/98 GT585 1977 Xxxxx Tank Trailer GEO D76402103
------------------------------------------------------------------------------------------------------------------------------------
62 2/21/98 GT589 1988 Polar Tank Trailer GEO 0XXX00000X0000000
------------------------------------------------------------------------------------------------------------------------------------
63 2/21/98 GT590 0000 Xxxxxxxx Xxxx Xxx Xxxxxxx XXX 00XXX00X0XX000000
------------------------------------------------------------------------------------------------------------------------------------
64 2/21/98 GT591 0000 Xxxxxxxx Xxxx Xxxxxxx XXX 0X0XX000XXX000000
------------------------------------------------------------------------------------------------------------------------------------
65 2/21/98 GT592 0000 Xxxxxxxx Xxxx Xxx Xxxxxxx XXX 00XXX00X0XX000000
------------------------------------------------------------------------------------------------------------------------------------
66 2/21/98 GT593 0000 Xxxxxxxx Xxxx Xxxxxxx XXX 0X0XX0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
67 2/21/98 XX000 Xxxxxxxx Xxxx Xxxxxx Xxxxxxx XXX 0X0XX0000X0000000
------------------------------------------------------------------------------------------------------------------------------------
68 2/21/98 GT596 0000 Xxxxx Xxxxx Xxxx Xxxxxxx XXX 0X0XXX00XXX000000
------------------------------------------------------------------------------------------------------------------------------------
69 2/21/98 GT597 0000 Xxxxx Xxxxx Xxxx Xxxxxxx XXX 0X00XX000XX000000
------------------------------------------------------------------------------------------------------------------------------------
70 2/21/98 GT598 0000 Xxxxx Xxxxx Xxxx Xxxxxxx XXX 0X0XXX000XX000000
------------------------------------------------------------------------------------------------------------------------------------
71 2/21/98 GT599 0000 Xxxxx Xxxxx Xxxx Xxxxxxx XXX 0X0XXX000XX000000
------------------------------------------------------------------------------------------------------------------------------------
72 2/21/98 GT600 0000 Xxxxx Xxxx Xxxxxxx XXX 0XXX00000X0000000
------------------------------------------------------------------------------------------------------------------------------------
73 2/21/98 GT601 1996 Polar Tank Pup Trailer GEO 0XXX00000X0000000
------------------------------------------------------------------------------------------------------------------------------------
74 2/21/98 GT602 0000 Xxxxx Xxxx Xxxxxxx XXX 0XXX0000XX0000000
------------------------------------------------------------------------------------------------------------------------------------
75 2/21/98 GT603 1996 Polar Tank Pup Trailer GEO 0XXX00000X0000000
------------------------------------------------------------------------------------------------------------------------------------
76 2/21/98 GT604 1996 Flowboy Pup Trailer GEO 0X0XX0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
77 2/21/98 GT605 1996 Flowboy Pup Trailer GEO 0X0XX0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
78 2/21/98 GT606 1996 Flowboy Pup Trailer GEO 0X0XX0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
107 2/21/98 GT607 1997 Flowboy Pup Trailer GEO 0X0XX0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
108 2/21/98 GT608 1997 Flowboy Pup Trailer GEO 0X0XX0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
109 2/21/98 GT609 1997 Flowboy Pup Trailer GEO 0X0XX0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
110 2/21/98 GT610 1997 Flowboy Pup Trailer GEO 0X0XX0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
111 2/21/98 GT611 1997 Flowboy Pup Trailer GEO 0X0XX0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
114 2/21/98 GT612 0000 Xxxxx Xxxx Xxx Xxxxxxx XXX 0XX0X0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
115 2/21/98 GT613 0000 Xxxxx Xxxx Xxx Xxxxxxx XXX 0XX0X0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
116 2/21/98 GT614 1977 Timte Tank Trailer GEO D77054103
------------------------------------------------------------------------------------------------------------------------------------
51
------------------------------------------------------------------------------------------------------------------------------------
117 2/21/98 GT615 0000 Xxxxxxxx Xxxx Xxxxxxx XXX 0X0XX0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
118 2/21/98 GT616 0000 Xxxxxxxxxxx Xxxx Xxx Xxxxxxx XXX 0X0XX00X0XX000000
------------------------------------------------------------------------------------------------------------------------------------
119 2/21/98 GT617 1997 Polar Tank Trailer GEO 0XXX00000X0000000
------------------------------------------------------------------------------------------------------------------------------------
120 2/21/98 GT618 0000 Xxxxx Xxxx Xxx Xxxxxxx XXX XXX00000
------------------------------------------------------------------------------------------------------------------------------------
122 2/21/98 GT6620 1997 Polar Tank Pup Trailer GEO 0XXX00000X0000000
------------------------------------------------------------------------------------------------------------------------------------
123 2/21/98 GT6621 1997 Tank Pup Trailer GEO 0XXX00000X0000000
------------------------------------------------------------------------------------------------------------------------------------
130 1/1/00 GT6623 1997 Polar Tank Pup Trailer GEO 0XXX00000X0000000
------------------------------------------------------------------------------------------------------------------------------------
Lease GT7000 0000 Xxxxxxx Xxxxxxx XXX 0X0XX00X0XX000000
------------------------------------------------------------------------------------------------------------------------------------
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 Xxxx Xxxx GEO
------------------------------------------------------------------------------------------------------------------------------------
156 4/1/99 JONF 1998 Ford F150 Pickup GEO 0XXXX00X0XX000000
------------------------------------------------------------------------------------------------------------------------------------
JSATHER 1999 Ford F250 Crew Cab GEO 0XXXX00X0XX000000
------------------------------------------------------------------------------------------------------------------------------------
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 Xxxx 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 0XXXX00X0XXX00000
------------------------------------------------------------------------------------------------------------------------------------
214 S-1 High Pressure Washer GEO
------------------------------------------------------------------------------------------------------------------------------------
386 SH05 Clutch Xxxxxxx XXX
------------------------------------------------------------------------------------------------------------------------------------
177 Shop Power Washer GEO
------------------------------------------------------------------------------------------------------------------------------------
223 4/1/98 T-23 1978 Kenworth dump truck XXXX 163995S
------------------------------------------------------------------------------------------------------------------------------------
150 4/1/98 T-35 1995 International Dump Truck (XXXX) GEO 0XXXXXXX0XX000000
------------------------------------------------------------------------------------------------------------------------------------
227 4/1/98 T-37 1995 Chevy pickup XXXX 0XXXX00X0XX000000
------------------------------------------------------------------------------------------------------------------------------------
229 4/1/98 T-39 1996 CHEVY PICKUP XXXX 0XXXX00XXXX000000
------------------------------------------------------------------------------------------------------------------------------------
149 4/1/98 T-41 1995 International Dump Truck (Xxxx) GEO 0XXXXXXX0XX000000
------------------------------------------------------------------------------------------------------------------------------------
30 4/1/98 T-44 97 Dodge pickup XXXX 0X0XX00X0XX000000
------------------------------------------------------------------------------------------------------------------------------------
153 4/1/98 T-46 1997 International Dump Truck GEO 1HTGLAETOVH483645
------------------------------------------------------------------------------------------------------------------------------------
151 4/1/98 T-47 1997 International Dump Truck (Xxxx) GEO 0XXXXXXX0XX000000
------------------------------------------------------------------------------------------------------------------------------------
242 6/12/98 T-53 Geodyne Xxxx XXXX RS686LS55512
------------------------------------------------------------------------------------------------------------------------------------
277 12/1/98 T-54A Tool Box XXXX
------------------------------------------------------------------------------------------------------------------------------------
264 4/23/99 T-59 1999 Ford F-150 Pickup XXXX 0XXXX0000XXX00000
------------------------------------------------------------------------------------------------------------------------------------
267 4/20/99 T-61 1999 Ford F150 Pickup XXXX 0XXXX0000XXX00000
------------------------------------------------------------------------------------------------------------------------------------
265 4/20/99 T-62 1999 Ford F150 Pickup XXXX 0XXXX000XXXX00000
------------------------------------------------------------------------------------------------------------------------------------
262 4/22/99 T-65 1995 Ford F800 Pickup XXXX 0XXXX00X0XXX00000
------------------------------------------------------------------------------------------------------------------------------------
272 5/17/99 T-66 1999 Ford 350 Flatbed XXXX 0XXXX00X0XXX00000
------------------------------------------------------------------------------------------------------------------------------------
282 10/1/99 T-67 FORD F350 MECHANICS TRUCK W/CRANE XXXX 0XXXX00X0XXX00000
------------------------------------------------------------------------------------------------------------------------------------
274 5/17/99 T-69 1999 Ford F250 Crew Cab XXXX 0XXXX00X0XXX00000
------------------------------------------------------------------------------------------------------------------------------------
279 9/16/99 T-70 1988 FORD PICKUP XXXX 0XXXX00X0XXX00000
------------------------------------------------------------------------------------------------------------------------------------
373 4/13/00 T-72 2000 FORD F350 PICKUP GEO 0XXXX00X0XXX00000
------------------------------------------------------------------------------------------------------------------------------------
375 4/1/00 T-73 1988 INT'L SERVICE TRUCK 1955 XXXX 0XXXXXXX0XX000000
------------------------------------------------------------------------------------------------------------------------------------
425 7/15/00 X-00 Xxxxxxxxxxx Xxxxx XXXX 0XXXX00X0XXX00000
------------------------------------------------------------------------------------------------------------------------------------
400 5/24/00 T-78 2000 Ford F250 Pickup XXXX 0XXXX00X0XXX00000
------------------------------------------------------------------------------------------------------------------------------------
250 4/1/98 1994 Transport Trailer XXXX
------------------------------------------------------------------------------------------------------------------------------------
379 4/1/00 1982 FORD F8000 FUEL & LUBE TRUCK XXXX 1FDYU8OU6CVA17171
------------------------------------------------------------------------------------------------------------------------------------
374 4/12/00 2000 FORD F250 PICKUP GEO 0XXXX00X0XXX00000
------------------------------------------------------------------------------------------------------------------------------------
Lease (30) Tires/Rims GEO
------------------------------------------------------------------------------------------------------------------------------------
Lease 1999 Kenworth T800B GEO 0XXXXX0X0XX000000
------------------------------------------------------------------------------------------------------------------------------------
Lease 1999 Kenworth T800B GEO 0XXXXX0X0XX000000
------------------------------------------------------------------------------------------------------------------------------------
Lease 1999 Kenworth T800B GEO 0XXXXX0X0XX000000
------------------------------------------------------------------------------------------------------------------------------------
Lease 1999 Kenworth T800B GEO 0XXXXX0X0XX000000
------------------------------------------------------------------------------------------------------------------------------------
Lease 1999 Kenworth T800B GEO 0XXXXX0X0XX000000
------------------------------------------------------------------------------------------------------------------------------------
Lease 1999 Kenworth T800B GEO 0XXXXX0X0XX000000
------------------------------------------------------------------------------------------------------------------------------------
Lease 1999 Kenworth T800B GEO 0XXXXX0X0XX000000
------------------------------------------------------------------------------------------------------------------------------------
Lease 0000 Xxxxxxxxxx Xxxxxxxx XXX 0X00X00XXXX000000
------------------------------------------------------------------------------------------------------------------------------------
Lease 0000 Xxxxxxxxxx Xxxxxxxx XXX 0X00X00XXXX000000
------------------------------------------------------------------------------------------------------------------------------------
Lease 0000 Xxxxxxxxxx Xxxxxxxx XXX 0X00X00XXXX000000
------------------------------------------------------------------------------------------------------------------------------------
53
------------------------------------------------------------------------------------------------------------------------------------
Lease 0000 Xxxxxxxxxx Xxxxxxxx XXX 0X00X00XXXX000000
------------------------------------------------------------------------------------------------------------------------------------
Lease 0000 Xxxxxxxxxx Xxxxxxxx XXX 0X00X00XXXX000000
------------------------------------------------------------------------------------------------------------------------------------
Lease 2000 Polar Trailer GEO 0XXX00000X0000000
------------------------------------------------------------------------------------------------------------------------------------
Lease 2000 Kenworth T800 GEO 0XXXXX0X0XX000000
------------------------------------------------------------------------------------------------------------------------------------
Lease 2000 Kenworth T800 GEO 0XXXXX0X0XX000000
------------------------------------------------------------------------------------------------------------------------------------
Lease 1998 Xxxxx Bottom Dump Trailers GEO 0XX0X0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
Lease 1998 Xxxxx Bottom Dump Trailers GEO 0XX0X0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
Lease 1998 Xxxxx Bottom Dump Trailers GEO 0XX0X0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
Lease 1998 Xxxxx Bottom Dump Trailers GEO 0XX0X0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
Lease 1998 Xxxxx Bottom Dump Trailers GEO 0XX0X0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
Lease 1998 Xxxxx Bottom Dump Trailers GEO 0XX0X0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
Lease 1998 Xxxxx Bottom Dump Trailers GEO 0XX0X0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
Lease 1998 Xxxxx Bottom Dump Trailers GEO 0XX0X0000XX000000
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Computers, copier, faxes, furniture, etc. XXXX
------------------------------------------------------------------------------------------------------------------------------------
Debbie's computer & accounting printer XXXX
------------------------------------------------------------------------------------------------------------------------------------
HP 4000 Printer GEO
------------------------------------------------------------------------------------------------------------------------------------
IKON Xxxxxx facsimile machine GEO
------------------------------------------------------------------------------------------------------------------------------------
Traffic Control Equipment XXXX
------------------------------------------------------------------------------------------------------------------------------------
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 00 XXXX Xxxxxx x/Xxxxx 0X0XX00X0X0000000 Gone Gone
Monroc 00 XXXX Xxxxxx x/Xxxxx 0XXXX00X0X0000000 Gone Gone
Xxxxxx 00 XXXXX Xxxxxx x/Xxxxx 0X0XX00X0XX000000 Gone Gone
Xxxxxx 00 XXXX Xxxxxx x/Xxxxx 0XXXX00X0XXX00000 Gone Gone
Monroc 98 FORD Pickup w/Radio 0XXXX00X0XXX00000 Boise Mixer Truck Boise
Monroc 98 FORD Pickup w/Radio 0XXXX00XXXXX00000 Boise Mixer Truck Boise
Monroc 97 FORD Pickup w/Radio 1FMDU34C1VU91473 Gone Gone
Monroc 97 FORD Pickup w/Radio 0XXXX00XXXXX00000 Gone Gone
Monroc 98 FORD Pickup w/Radio 0XXXXXXX0XX000000 Boise Mixer Truck Boise
Monroc 86 GMC Pickup w/Radio 0X0XXX000XX000000 Gone Precast
Monroc 86 GMC Pickup w/Radio 0X0XXX000XX000000 Gone Precast
Monroc 84 Homemade Trailer Trailer WA78100247 Gone Precast
Monroc 00 XXXXXXXX Xxxxxxx x/Xxxxx 0X0X000X0XX000000 Gone Precast
Monroc 00 XXXXXXXX Xxxxxxx x/Xxxxx 0XXXXX0XXXX000000 Gone Precast
Monroc 93 KENWORTH Tractor w/Radio 1XKWD29XXCS31118 Gone Precast
Monroc 00 XXXX Xxxxxxx x/Xxxxx XX000XX00000 Boise Mixer Truck Boise
Monroc 60 PEER Trailer 000000 Xxxx Xxxxx
Xxxxxx 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 0X0XX00X0XX000000 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 XXXXXX 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 Xxxxxxx Quarry.
Shop at Point of the Mountain to be retained and used by Xxxxxx.
1985 Xxxxxx portable truck scales s/n 8100C10-S1
Xxxx 00000, Xxxxx Xxxxx Xxxxx Trailer
57
SCHEDULE 1.4(b)(I) PROPERTY LEASES (TO BE ASSIGNED TO XXXXXX)
SITE 25A- 1080 N. VICTORY ROAD (FALCON RIDGE QUARRY)
Lease dated as of August 18, 2000, by and between Xxxxxxxx Oil Corporation (as
landlord) and Geodyne Transport, Inc. (predecessor in interest to Geodyne Xxxx
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 XXXXXX)
SITE 26- 0000 XXXXX XXXX XXXXXX (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 Xxxx 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 Xxxxxx Paving and Construction
Company, Inc. (as Lessee) (with a retained interest in shop and its continual
use with Xxxxxx'x 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 Xxxx X. Xxxxxx Companies (as Lessee) into "Combined Lease," and then
transferred to Xxxxxx and Seller pursuant to Co-Occupancy Agreement.
Lease with Utah Department of Transportation (Landlord) and Xxxxxx 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 Xxxx 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 Xxxxxxxx Oil Corporation (as landlord) and Geodyne Transport, Inc.
(predecessor in interest to Geodyne Xxxx 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. Xxxxxx Xxxxx, Xxx X. Xxxxx, Xxxxx X. Xxxxx,
Xxxx X. Xxxxx and Xxxxxx Xxxxxx and Xxxxx Development, LLC as their assignee and
Falcon Ridge Construction (predecessor in interest to Geodyne Xxxx Rock
Products, Inc.).
8. Assignment and Assumption of Asphalt Bituminous Paving Material Agreement
between Geodyne Xxxx 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 Xxxxxx Outdoor Advertising ("Lessee") and Falcon Ridge Construction
("Lessor") (predecessor in interest to Geodyne Xxxx 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 Xxxxxx 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 Xxxxxx 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 Xxxxxx Paving and Construction
Company, Inc. (as Lessee) (with a retained interest in shop and its continual
use with Xxxxxx'x 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 Xxxx X. Xxxxxx Companies (as Lessee) into "Combined Lease," and then
transferred to Xxxxxx and Seller pursuant to Co-Occupancy Agreement.
62
SCHEDULE 1.4(f) BILLS OF SALE
1. Western to Xxxxxx
2. Monroc to Xxxxxx
3. Geodyne to Xxxxxx
4. Valley to Xxxxxx
5. Eagle to Xxxxxx
63
SCHEDULE 1.4(g) BUYER BILLS OF SALE
1. Xxxxxx to Monroc
64
SCHEDULE 1.4(h) OWNED PROPERTY TO BE TRANSFERRED BY SPECIAL WARRANTY DEED
SITE 38- XXXXX
Xxxxx (ready mix plant)
SITE 44- PARK CITY
Park City (ready mix plant)
SITE 25B AND 25C- FALCON RIDGE QUARRY
0000 X. Xxxxxxx Xxxx (30 acres)
N. Victory Road (18 acres)
65
SCHEDULE 1.4(i) PROPERTY TO BE LEASED FROM SELLERS TO BUYERS
SITE 32- 0000 XXXX XXXXXX
0000 Xxxx Xxxxxx (limestone quarry, ready mix plant, shop, office, lab) (lease
from Monroc to Xxxxxx)
SITE 47- POINT OF THE MOUNTAIN
Lease of parcel 1 (ready mix site) from Monroc to Xxxxxx.
66
SCHEDULE 1.4(j) PROPERTY TO BE SUBJECT TO CO-OCCUPANCY AGREEMENT
BETWEEN BUYERS AND SELLERS
Xxxxxxx 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 0000 Xxxx Xxxxxx - 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- XXXXXX YARD
Xxxxxx 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:
0000 XXXXX XXXX XXXXXX
o Memorandum of Lease Agreement between Monroc and Xxxxxx
o Termination of Lease Agreement by and among Monroc, Xxxxxx and Xxxxxx
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. Xxxxxx Xxxxx, Xxx X. Xxxxx, Xxxxx X. Xxxxx, Xxxx
X. Xxxxx and Xxxxx X. Xxxxxx
o Waiver, Consent, Estoppel and Amendment by G. Xxxxxx Xxxxx, Xxx X.
Xxxxx, Xxxxx X. Xxxxx, Xxxx X. Xxxxx and Xxxxx X. Xxxxxx, Xxxxx
Development LLC and Geodyne, in favor Xxxxxx
LEHI
o Second Amendment to Purchase and Operating Agreement dated as of March
28, 2001 by and among Xxxx Rock and Products, LLC, Xxxx Xxxx, Xxxx Xxxx,
Western and Xxxxxx (co-occupancy and Seller continues to operate the
limestone quarry and asphalt plant)
o Memorandum of Purchase and Operating Agreement by and among Xxxx Rock
and Products LLC, Xxxx Xxxx and Xxxx Xxxx, Western and Xxxxxx
o Termination of License Agreement between Western and Eagle
0000 XXXXX XXXX XXXXXX (HOT PLANT)
o Consent of State of Utah to Assignment of Asphalt Bituminous Agreement
o Memorandum of Assignment and Assumption Agreement between Geodyne and
Xxxxxx 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 Xxxxxx
o Agreement of Easement and Notice of Easement dated as of March 30, 2001
by and between Monroc and Xxxxxx
o Lease Agreement between Xxxxxx and Monroc
o Memorandum of Lease between Xxxxxx and Monroc
SPANISH FORK (XXXXXX)
o Memorandum of Co-Occupancy Agreement between Valley and Xxxxxx
o Specific Irrevocable Power of Attorney Coupled with an Interest by
Valley in favor of Xxxxxx
o Amendment to Real Estate Option Agreement between Valley, Xxxxx X.
Xxxxxxx and Xxxxx X. Xxxxxxx
XXXXXXX 2
o License Agreement by and between Monroc and Xxxxxx
o Memorandum of License Agreement by and between Monroc and Xxxxxx
XXXXXXX QUARRY
o Co-Occupant Consent by Xxxxxx
o Memorandum of Co-Occupancy Agreement between Xxxxxx and Western
o Assignment and Assumption by and among Oldcastle and Xxxxxx, regarding
the Dolomite Supply Agreement
o Waiver, Consent, Estoppel and Amendment by Geneva Steel LLC and Xxxxxx
in favor of Western
1080 NORTH VICTORY ROAD, SITE 25A (FALCON RIDGE QUARRY)
o Memorandum of Lease between Geodyne and Xxxxxx regarding Xxxxxxxx Oil
Lease
o Consent of Xxxxxxxx Oil to Assignment of Lease
TOOELE
o [NONE]
OTHER DOCUMENTS
o Aggregates Purchase and Sale Agreement, by and between Xxxxxx 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 Xxxxxx listed on Schedule
1.4(b)(i);
2. All property leases to be assigned to the Xxxxxx 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 xxxxxx, 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
xxxxxx 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 XX Xxxx 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
Xxxx Xxxxxx #00 $609,729 01/04/96 One (1) New Blaw Xxxx Model 5510 Paver S/N
101928
One (1) Xxxxxxxxx Xxxx Model DD1100 Asphalt
Compactor S/N 142679
One (1) Xxxxxxxxx Xxxx Model SD70DA Asphalt
Compactor S/N 147113
One (1) Xxxxxxxxx Xxxx Model SD70DA
Asphalt Compactor S/N 147301
One (1) LeeBoy X-000 Xxxx Xxxxxxxxxxx X/X
X000X0000
One (1) LeeBoy L250 Tack Distributor S/N
L250T1023
One (1) New LeeBoy Model 8500 Low Deck
Asphalt Paver One (1) New Xxxxxxxxx Xxxx
Model CR32 Asphalt Paver S/N 152670
One (1) New Xxxxxxxxx Xxxx Model DD32
Asphalt Compactor S/N 153334
SafeCo $425,687 (a) One (1) Blaw Xxxx 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 Xxx Boy Track
S/N 0T1232
(d) One Laymor Model 8B Broom S/N 28154
(e) One (1) Xxxxxxxxx Xxxx Asphalt
Compactor S/N 154679
(f) One (1) 1999 Ford F-800 Service Truck
S/N 0XXXX0000XXX00000
SafeCo $344,498 05/04/99 (a) Two (2) 1999 Xxxxxxxxx-Xxxx Single Drum
Compactors 099-0049 S/Ns 158736 & 158216
713-002
(b) One (1) 1999 Xxxxxxxxx-Xxxx 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 0XXXXXXX0XX000000
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,
0000000000 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:
0X0X00000X0000000
0X0X0000XX0000000
0X0X00000X0000000
0X0X00000X0000000
0X0X00000X0000000
0X0X00000X0000000
0X0X00000X0000000
0X0X00000X0000000
0X0X00000X0000000
0X0X00000X0000000
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
000-0000000-000 S/Ns:
0X0XXX0X0X0000000
Schedule 13 0X0XXX0X0X0000000
0X0XXX0X0X0000000
0X0XXX0X0X0000000
0X0XXX0X0X0000000
0X0XXX0X0X0000000
0X0XXX0X0X0000000
0X0XXX0X0X0000000
0X0XXX0X0X0000000
0X0XXX0X0X0000000
Concord $1,067,575 04/09/00 Eight (8) Advance Model 71411-200 Mixer Truck S/Ns:
0-00000-0 0X0XXX0X0X0000000
0X0XXX0X0X0000000
0X0XXX0X0X0000000
0X0XXX0X0X0000000
0X0XXX0X0X0000000
0X0XXX0X0X0000000
0X0XXX0XXX0000000
0X0XXX0XXX0000000
76
LESSOR VALUE LEASE DATE EQUIPMENT TRANSFERRED
Bank of America $921,522 05/19/99 Seven (7) Front Dischg. Mixer Trucks S/Ns:
Leasing 0X0XXX0X0X0000000
00000-00000-000 0X0XXX0X0X0000000
0X0XXX0X0X0000000
0X0XXX0X0X0000000
0X0XXX0X0X0000000
0X0XXX0X0X0000000
0X0XXX0X0X0000000
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:
000-0000000-000 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 00XXXXX00XX000000
Schedule 013
SafeCo $153,758 One (1) 2000 Oshkosh Truck w/ Mixer S/N:
34063-014 Trucks Mixers
00XXXXX00XX000000 M1786
Schedule 015
SafeCo $290,025 10/11/99 Two (2) 2000 Oshkosh Truck w/ Mixer S/N:
34063-013 Trucks Mixers
00XXXXX00XX000000 M1746
Schedule 014 00XXXXX00XX000000 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
00XXXXX00XX000000 M-2638
00XXXXX00XX000000
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
00000-000 Concrete Batch Plant S/N 10878-004 8660R w/Xxxx 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 Xxxxxxx 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 Xxxxxx Paving and Construction Company Inc. (as
Lessee).
Water Purchase Agreement dated May 28, 1999 by and between the Salt Lake County
Water Conservancy and Xxxxxx 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 XXXX ROCK * * * * * * *
PRODUCTS, INC.
30 acre * * * * * * *
18 acre * * * * * * *
Asphalt * * * * * * *
EAGLE VALLEY * * * * * * *
MATERIALS INC.
VALLEY ASPHALT, INC * * * * * * *
/ VALLEY MATERIALS, INC.
------------------------------------------------------------------------------------------
TOTAL * * * * * * *
==========================================================================================
Geodyne Xxxx 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.: Xxxx Street Monthly Operating Analysis for the Periods ending
December 2000 and 1999.
Monroc, Inc.: Xxxx 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 Xxxx Street Monthly Operating Analysis for the
Periods ending December 1999 and 1998.
Geodyne Xxxx 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 Xxxxxx Monthly Operating Analysis for the
Periods ending December 1999 and 1998.
85
Attachment to Schedule 4.3.1 - Financial Statements
86
-------------------------------------------------------------------------------------------------------------------------
MONROC, INC.
-------------------------------------------------------------------------------------------------------------------------
XXXX 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.
-------------------------------------------------------------------------------------------------------------------------
XXXX 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 XXXX 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 XXXX 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 XXXXXX 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- 0000 X. XXXX XXXXXX
Portable scale
99
SCHEDULE 4.5.1 LITIGATION
None of the claims below will be assumed by Buyer:
SITE 26- 1616 NORTH XXXX STREET (HOT PLANT)
NONE
SITE 25 (FALCON RIDGE QUARRY)
See attached list of worker's compensation claims.
SITE 00- XXXXXXX XXX XX. 0
See attached list of worker's compensation claims.
SITE 32- 0000 XXXXX XXXX XXXXXX
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 -XXXXXX 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 XXXXXX 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 * 000000 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
X XXX 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 XXXXXXX 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
0000 XXXX XXXXXX
XXXX XXXX XXXX, XXXX 00000
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 * XXX XXX 0 |X| 0 0 10 (F) 0 0 0 0 0 0 0 0
Driver
------------------------------------------------------------------------------------------------------------------------------------
NSL-2 4-1 * XXX XXX 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: Xxxx Xxxxx 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, 0000
XXXXX XX XXXXXXXX XXX
00000 X. 000 X.
XXXXXX, XX 00000
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: Xxxx Xxxxx
Title: Safety and Environmental Director
Date: January 5, 2001
107
MONROC, INC.
OSHA 200 INJURY AND ILLNESS REPORT
THRU DECEMBER 31, 0000
XXXX XXXX XXX
0000 XXXXXXXX
XXXX XXXX, XX 00000
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 * XXX XXX 0 |X| 0 0 8 0 0 0 0 0 0 0 0
Driver (F)
------------------------------------------------------------------------------------------------------------------------------------
PC-1 5-26 * XXX XXX 0 |X| |X| 16 14 0 0 0 0 0 0 0 0
Driver (F)
------------------------------------------------------------------------------------------------------------------------------------
PC-3 6-6 * XXX XXX 0 0 0 0 0 0 0 0 0 0 0 0 0
Denied Driver (F)
------------------------------------------------------------------------------------------------------------------------------------
PC-4 9-27 * XXX XXX 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: Xxxx Xxxxx
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, 0000
XXXXX XXX
000 X. 00XX XXXX
XXXXX, XX 00000
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: Xxxx Xxxxx
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
0000 X. XXXXXXX 000
XXXXX, XX 00000
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 * XXX XXX 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: Xxxx Xxxxx
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.
0000 XXXX XXXXXX
XXXX XXXX XXXX, XXXX 00000
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: Xxxx Xxxxx
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.
00000 X. 000 X.
XXXXXX, XX 00000
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 * Xxxxxx 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: Xxxx Xxxxx
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
0000 X. XXXXXXX XXX
XXXXX, XX 00000
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: Xxxx Xxxxx
Title: Safety and Environmental Director
Date: January 5, 2001
113
MONROC, INC.
OSHA 200 INJURY AND ILLNESS REPORT
THRU DECEMBER 31, 0000
XXX & XXXXX XX XX. SHOPS
0000 XXXX XXXXXX
XXXX XXXX XXXX, XXXX 00000
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 Xxxx 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: Xxxx Xxxxx
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 XXXXXX
0000 XXXX XXXXXX
XXXX XXXX XXXX, XX 00000
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: Xxxx Xxxxx
Title: Safety and Environmental Director
Date: January 5, 2001
115
XXXXX XXXX SESSIONS & XXXXXXX
February 22, 2001
Xxxxxx Xxxxxxxx, LLP
Attn: Xxxxxx xx Xxxxx
000 Xxxxxx Xxxxxx, Xxxxx 0000
Xxx Xxxxxxxxx, Xxxxxxxxxx 00000-0000
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), Xxxxxxx X. Xxxxx, 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 Xxxxxxxx, Brand, Xxxxxx & Xxxxxx of Salt Lake City, Utah. This firm
has been co-counsel with Howrey Xxxxx Xxxxxx & White, LLP in an investigation
involving Western Rock Products and we assume the Xxxxxx Xxxxx 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, Xxxxxx & Xxxxxx 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
XXXXX XXXX SESSIONS & XXXXXXX
By:
------------------------------------
XXXXXX X. XXXX
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- XXXXXX 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 Xxxxxx 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 Xxxxxx 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 00- X. XXXXXXX XXXX (XXXXXX XXXXX XXXXXX)
0. 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 Xxxx Street #40001233
SITE 26- 0000 XXXXX XXXX XXXXXX (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- 0000 XXXX XXXXXX
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 Xxxx Street #4000621
SITE 47 POINT OF THE MOUNTAIN (READY-MIX ONLY)
1. XXXX 0000-0000 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 XXXXXX - verified by
Xxx Xxxxxx, Planning Director, Draper, Utah.
3. Business License with City of Xxxxxx
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- Xxxxxx Yard (Spanish Fork)
122
SITE 00- X. Xxxxxxx Xxxx (Xxxxxx Ridge Quarry)
SITE 26- 0000 Xxxxx Xxxx Xxxxxx (Geodyne Hot Plant)
SITE 32- 0000 Xxxx Xxxxxx
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 00- X. Xxxxxxx Xxxx (Xxxxxx Ridge Quarry)
SITE 26- 0000 Xxxxx Xxxx Xxxxxx (Geodyne Hot Plant)
SITE 32- 0000 Xxxx Xxxxxx
SITE 177- Tooele
C. THE SITES LISTED BELOW DO NOT HAVE A FIRE XXXXXXXX'X BLASTING
PERMIT (ISSUANCE IS TO BLASTING COMPANIES HIRED BY THE OWNER):
SITE 00- X. Xxxxxxx Xxxx (Xxxxxx Ridge Quarry)
SITE 32- 0000 Xxxx Xxxxxx
D. THE SITES LISTED BELOW DO NOT HAVE A NOTICE OF INTENTION TO MINE
APPROVED BY DOGM:
SITE 00- X. Xxxxxxx Xxxx (Xxxxxx Xxxxx Quarry)
SITE 32- 0000 X. Xxxx Xxxxxx
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 X. XXXX STREET (FALCON RIDGE HOT PLANT)
NONE
SITE 25A- 0000 X. XXXXXXX XXXX (STOCKPILE AREA FALCON RIDGE QUARRY)
NONE
SITE 25B- 0000 X. XXXXXXX XXXX (30 ACRES FALCON RIDGE QUARRY)
Sellers' rights in limestone rock, sand and gravel.
SITE 00- XXXXXXX XXX XX. 0 (READY MIX ONLY)
NONE
SITE 32- 0000 XXXXX XXXX XXXXXX 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- XXXXXX 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. 0000 00-0000.
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- 0000 XXXXX XXXX XXXXXX
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 Xxxx Street, less State Road and New Age
Manufacturing Co. tracts. Also tracts deeded to XxXXXXXXX X. XXXXXXXXX and W. W.
and X. X. XXXXXXX, INC.
For Informational Purposes Only: Tax Xxxxxxx No. 00-00-000-000.
Parcel 2:
BEGINNING at a point on the Northerly right of way line of Xxxx 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 Xxxxx
Street as created by the plat of Empire Addition; and running thence North along
the center of said Xxxxx Street 128.0 feet; thence South 45' 59' West 90 feet to
the Northerly right of way line of Xxxx 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 Xxxxxxx No. 00-00-000-000.
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 Xxxx 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 Xxxxxxx 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 Xxxxxxx No. 00-00-000-000.
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 Xxxxxxx No. 00-00-000-000.
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 Xxxxxxx No. 00-00-000-000.
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 Xxxxxxx No. 00-00-000-000.
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 Xxxxxxx No. 00-00-000-000.
Parcel 9:
COMMENCING at a point on the Northerly right of way line of Xxxx 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 Xxxx 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 Xxxxxxx No. 00-00-000-000.
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 Xxxx 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 Xxxxxxx No. 00-00-000-000.
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 Xxxx
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 Xxxxx Street as created by the Empire Edition Plat; thence along said center
of Xxxxx Xxxxxx Xxxxx 0(xxxxxxx)00'00" Xxxx 39.83 feet; thence leaving said
center of Xxxxx 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 Xxxx
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 Xxxx 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 Xxxxx Tract; thence North 8l(degrees)37'48"
East 318.50 feet to the Southeast corner of said Xxxxx 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 Xxxx 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 00, Xxxxxxxx 0 Xxxxx, Xxxxx 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 Xxxxxxx No. 00-00-000-000.
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 Xxxxxxx No.
00-00-000-000
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 Xxxxxxx No.
00-00-000-000
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 Xxxxxxx No. 00-00-000-000
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
000 Xxxx Xxxxxx; thence along the Western Right of Way of 000 Xxxx Xxxxx
0(xxxxxxx)00' Xxxx 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 Xxxxxx xx Xxxxxxx 00, Xxxxxxxx 0 Xxxxx, Xxxxx 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 Xxxxx Xxxxxxx Xx. X.X. 00 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. Xxxxxxx Xx. 00 at a point
1103.2 feet North and 2123.3 feet West from the Southeast Xxxxxx xx Xxxxxxx 00,
Xxxxxxxx 0 Xxxxx, Xxxxx 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 X.X. Xxxxxxx Xx. 00; 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 Xxxxxxxx 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 00- XXXXXX XXXX
XXX 0 XXXXX X 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. 00-000-0000.
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- 0000 XXXXX XXXX XXXXXX (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 xxx Xxxx from beginning; thence
East to BEGINNING.
For information purposes only: Tax Xxxxxxx No. 00-00-000-000.
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 Xxxxxxx No. 00-00-000-000.
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 Xxxxxxx No. 00-00-000-000.
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 Xxxxxxx No. 00-00-000-000.
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 Xxxxx 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 xxx Xxxx 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 Xxxx 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 Xxxxx
Street as created by that plat of Empire Addition; and running thence North
along the center of said Xxxxx Street 128.0 feet; thence South 45` 59' West
90 feet to the Northerly right of way line of Xxxx Street; thence along
said Northerly line South 44` 01' East 91 feet to the point of BEGINNING.
For information purposes only: Tax Xxxxxxx No. 00-00-000-000.
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 Xxxxx 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 Xxxxx 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 Xxxxx Street.
For information purposes only: Tax Xxxxxxx No. 00-00-000-000.
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. Xxxxxxx 00 (Xxxx Xxxxxx); 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 Xxxxxxx No. 00-00-000-000.
139
SITE 00 (XXXXXX XXXXX XXXXXX)
XXXXXX 0X: 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 Xxxxxxx
No. 00-00-000-000
PARCEL 3B (REFERRED TO AS THE "XXXXXXXX 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 Xxxxxxx
No. 00-00-000-000
140
SITE 00- XXXXXXX XXX XX. 0
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 Xxxxx Xxxxxxx Xx. 000; 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 Xxxxxxx No's. 00-00-000-000; 00-00-000-000;
00-00-000-000; and 00-00-000-000.
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 Xxxxx Xxxx 00; 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 Xxxxxxx No. 00-000-0000.
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- 0000 XXXXX XXXX XXXXXX (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 00- X. XXXXXXX XXXX (XXXXXX 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 00- XXXXXXX XXX XX. 0
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- 0000 XXXX XXXXXX
NONE
SITE 00- XXXXX XX XXX XXXXXXXX
XXXX
SITE 26- 0000 XXXXX XXXX XXXXXX
NONE
SITE 00- XXXX XXXX
XXXX
XXXX 00- XXXXX XXXX
XXXX
SITE 00- XXXXXX XXXXX XXXXXX
XXXX
000
SITE 00- XXXXXX XXXX
XXXX
000
XXXXXXXX 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.,
Xxxxxxx X. Xxxxx 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., Xxxxxxx X.
Xxxxx 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.,
Xxxxxxx X. Xxxxx LS No. 259684:
e. Variation of fence lines from deed lines.
f. Encroachment of fence into Xxxxxxxx Road
g. Encroachment of improvements onto the easement of Salt Lake Pipeline
Company
h. Encroachment of improvements across the northwesterly property line.
XXXXXX
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., Xxxxxxx
X. Xxxxx 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., Xxxxxxx
X. Xxxxx 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 "Xxxxxx, Point of the
Mountain" dated March 28, 2001 prepared by International Land Services, Inc.,
Xxxxxxx X. Xxxxx 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- 0000 XXXXX XXXX XXXXXX 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. 0000 00-0000.
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. Xxxxxx Xxxxx, Xxx X. Xxxxx, Xxxxx X. Xxxxx, Xxxx X.
Xxxxx and Xxxxxx x. Xxxxxx and Xxxxx Development, LLC as their assignee and
Falcon Ridge Construction (predecessor in interest to Geodyne Xxxx Rock
Products, Inc.) (as to the 18 acres only).
Push and Blast Oral Agreement with Xxxxxx only to the extent of the
following teerms: (i) the Xxxxxx blast from the 30 acre parcel and push the
blasted ore to the crusher; (ii) once the ore is crushed, the Xxxxxx are to be
paid $0.85 a ton; and (iii) Xxxxxx 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
Xxxx Xxxxxx Xxx
000
XXXXXXXX 4.6.1.4 BREACH OF OPERATIONS
NONE
154
SCHEDULE 4.6.1.5 REQUIRED CONSENTS TO ASSIGNMENT OF PROPERTY LEASES
SITE 26- 0000 XXXXX XXXX XXXXXX (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 Xxxxxxxx Oil Corporation is required to assign the
Lease dated as of August 18, 2000, by and between Xxxxxxxx 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 00- X. XXXXXXX XXXX (XXXXXX XXXXX XXXXXX)
0. 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- 0000 XXXX XXXXXX
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
--------------------------------------------------------------------------------
Xxx Xxxxxx Valley Materials Operating Engineer
--------------------------------------------------------------------------------
Xxxx Xxxxxxxx Valley Materials Operating Engineer
--------------------------------------------------------------------------------
Xxxxxx Xxxxx Geodyne Quarry Manager
--------------------------------------------------------------------------------
Xxxxx Xxxxxxxxx Geodyne Loader/Operator
--------------------------------------------------------------------------------
Xxxxxx Xxxxxxxxx Geodyne Crusher/Operator
--------------------------------------------------------------------------------
Xxxxxxx Xxxxxx Geodyne Loader/Operator
--------------------------------------------------------------------------------
Xxxxxxx Xxxx Geodyne Crusher Maintenance
--------------------------------------------------------------------------------
Xxxxxx Xxxxxx Geodyne Weigh Master
--------------------------------------------------------------------------------
Xxxxxxx Xxxx 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 XXXX 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 Xxxx Street Non-Union * 3/2/98
--------------------------------------------------------------------------------
* Asphalt Xxxx 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.
000
XXXXX XXXXXX 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 Xxxx Pit Union 6/14/89
--------------------------------------------------------------------------------
* Driver Xxxx Pit Union 7/21/98
--------------------------------------------------------------------------------
* Pit Oper Xxxx Pit Union 6/15/00
--------------------------------------------------------------------------------
* Driver Xxxx Pit Union 3/22/99
--------------------------------------------------------------------------------
* Driver Xxxx Pit Union 6/15/98
--------------------------------------------------------------------------------
* Salary - Supv Xxxx Pit Non-Union * 4/10/63
--------------------------------------------------------------------------------
* Driver Xxxx Pit Union 6/1/79
--------------------------------------------------------------------------------
* Driver Xxxx Pit Union 1/28/00
--------------------------------------------------------------------------------
* Loader Oper Xxxx Pit Union 10/4/65
--------------------------------------------------------------------------------
* Dispatcher/Clerk Xxxx Pit Union 5/9/83
--------------------------------------------------------------------------------
* Driver Xxxx Pit Union 7/28/90
--------------------------------------------------------------------------------
* Driver Xxxx Pit Union 4/12/99
--------------------------------------------------------------------------------
* Driver Xxxx Pit Union 6/29/00
--------------------------------------------------------------------------------
* R/M Supervisor Xxxx Pit Non-Union * 7/1/96
--------------------------------------------------------------------------------
* Driver Xxxx Pit Union 7/1/98
--------------------------------------------------------------------------------
* Driver Xxxx Pit Union 5/11/94
--------------------------------------------------------------------------------
* Driver Xxxx Pit Union 9/1/71
--------------------------------------------------------------------------------
* Driver Xxxx Pit Union 7/17/95
--------------------------------------------------------------------------------
* Bulker Driver
(Cement) Utah Union 3/20/67
--------------------------------------------------------------------------------
* Driver Xxxx Pit Union 7/29/99
--------------------------------------------------------------------------------
* Pit Oper Xxxx 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 Xxxxxx and Xxxxxx listed on SCHEDULE
1.1(e)(i) and SCHEDULE 1.1(e)(ii).
2. Those property leases to be assumed by Xxxxxx and Xxxxxx 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.
0000 XXXX XXXXXX
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 xxxxx installed in connection with minor fuel spill.
PARK CITY
Some stained soil.
HEBER CITY
Some stained soil.
BACCHUS PIT #2
None
LEHI
None
XXXXXX 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- 0000 XXXXX XXXX XXXXXX (GEODYNE HOT PLANT)
DAQC-1495-2000 Notice of Violation and Order for Compliance dated 11/13/00.
SITE 32- 0000 XXXX XXXXXX
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: 0000000 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 XXXX 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: 0000000 Operator: GEODYNE XXXX 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: 0000000 Operator: GEODYNE XXXX 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: XXXX
-------------------------------------------------------------------------------
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: XXXX
-------------------------------------------------------------------------------
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: XXXX
-------------------------------------------------------------------------------
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: XXXX
-------------------------------------------------------------------------------
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: XXXX
-------------------------------------------------------------------------------
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: XXXX
-------------------------------------------------------------------------------
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: XXXX
-------------------------------------------------------------------------------
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: XXXX
-------------------------------------------------------------------------------
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: XXXX
-------------------------------------------------------------------------------
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: XXXX
--------------------------------------------------------------------------------
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: XXX
-------------------------------------------------------------------------------
TONS IN
STOCK-PILE PRODUCT TYPE / SOURCE: STOCKPILE:
-------------------------------------------------------------------------------
NSL XXXXX SAND 393.202
-------------------------------------------------------------------------------
PT. MTN. XXXXX SAND 245.694
-------------------------------------------------------------------------------
XXX 0" UNDER SLAB 1881.736
-------------------------------------------------------------------------------
XXX 0 0/0" UNDER SLAB 1124.565
-------------------------------------------------------------------------------
XXX XXX 458.918
-------------------------------------------------------------------------------
NSL ROADBASE 48491.041
-------------------------------------------------------------------------------
XXX 0000 #1 3060.970
-------------------------------------------------------------------------------
XXX 0000 #2 1598.342
-------------------------------------------------------------------------------
NSL POND SAND 48923.901
-------------------------------------------------------------------------------
NSL PEA GRAVEL 496.711
-------------------------------------------------------------------------------
XXX 0 0/0" 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 XXXXX 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. XXXXX 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: XXX 0" 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: XXX 0000 #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: XXXX
-------------------------------------------------------------------------------
STOCKPILE LOCATION:
-------------------------------------------------------------------------------
PRODUCT: XXX 0 0/0" 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: XXXX
-------------------------------------------------------------------------------
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
Xxxx 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
