Exhibit 10.2

 



 

	
Banc of America Leasing & Capital, LLC
    	
 
    	
Equipment Security Note Number   70001     
    


 

This Equipment Security Note No. 70001, dated as of December 21, 2011, (this “Equipment Note”), is entered into pursuant to and incorporates by this reference all of the terms and provisions of that certain Master Loan and Security Agreement No. 23404-70000 dated as of December 21, 2011 (the “Master Agreement”), by and between Banc of America Leasing & Capital, LLC (“Lender”) and Arb, Inc. (“Co-Borrower”), Stellaris LLC (“Co-Borrower”) and Rockford Corporation (“Co-Borrower”) (each a Co-Borrower herein, together referred to as “Borrower”).  All capitalized terms used herein and not defined herein shall have the respective meanings assigned to such terms in the Master Agreement. If any provision of this Equipment Note conflicts with any provision of the Master Agreement, the provisions contained in this Equipment Note shall prevail. Borrower hereby authorizes Lender to insert the serial numbers and other identification data of the Equipment, dates, and other omitted factual matters or descriptions in this Equipment Note.

 

The occurrence of an “Event of Default,” as defined in the Master Agreement, shall entitle Lender to accelerate the maturity of this Equipment Note and to declare the Prepayment Amount to be immediately due and payable, and to proceed at once to exercise each and every one of the remedies provided in the Master Agreement or otherwise available at law or in equity.  All of Borrower’s Obligations under this Equipment Note are absolute and unconditional, and shall not be subject to any offset or deduction whatsoever.  Borrower waives any right to assert, by way of counterclaim or affirmative defense in any action to enforce Borrower’s Obligations hereunder, any claim whatsoever against Lender.

 

1.         Equipment Financed; Equipment Location; Grant of Security Interest.  Subject to the terms and provisions of the Master Agreement and as provided herein, Lender is providing financing in the principal amount described in Section 2 below to Borrower in connection with the acquisition or financing of the following described Equipment:

 

	
Quantity
    	
 
    	
Description
    	
 
    	
Serial Number
    	
 
    	
Cost
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
See Exhibit A attached hereto and made a part hereof
    	
 
    	
$
    	
15,000,000.00
    


 

Location of Equipment.  The Equipment will be located or (in the case of over-the-road vehicles) based at the following locations:

 

	
Location
    	
 
    	
Address
    	
 
    	
City
    	
 
    	
County
    	
 
    	
State
    	
 
    	
ZIP
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
See Exhibit A   attached hereto and made a part hereof
    	
 
    	
 
    	
 
    	
 
    


 

Borrower has agreed and does hereby grant a security interest in and to the Equipment and the Collateral related thereto, whether now owned or hereafter acquired and wherever located, in order to secure the payment and performance of all Obligations owing to Lender, including but not limited to this Equipment Note, all as more particularly provided in the Master Agreement.  Lender’s agreement to provide the financing contemplated herein shall be subject to the satisfaction of all conditions established by Lender and Lender’s prior receipt of all required documentation in form and substance satisfactory to Lender in its sole discretion.

 

2.         Payments.  For value received, Borrower promises to pay to the order of Lender, the principal amount of $15,000,000.00, together with interest thereon as provided herein.  This Equipment Note shall be payable by Borrower to Lender in sixty (60) consecutive monthly, installments of principal and interest (the “Payments”) commencing on January 23, 2012 (the “Initial Payment”) and continuing thereafter through and including December 23, 2016 (the “Maturity Date”) (collectively, the “Equipment Note Term”).  Each Payment shall be in the amount provided below, and due and payable on the same day of the month as the Initial Payment set forth above in each succeeding payment period (each, a “Payment Date”) during Equipment Note Term.  All interest hereunder shall be calculated on the basis of a year of 360 days comprised of 12 months of 30 days each.  The final Payment due and payable on the Maturity Date shall in any event be equal to the entire outstanding and unpaid principal amount of this Equipment Note, together with all accrued and unpaid interest, charges and other amounts owing hereunder and under the Master Agreement.

 

(a)  Interest Rate.  Interest shall accrue on the entire principal amount of this Equipment Note outstanding from time to time at a fixed rate of two and 16/100 percent (2.16%) per annum or, if less, the highest rate of interest permitted by applicable law (the “Interest Rate”), from the date hereof until the principal amount of this Equipment Note is paid in full, and shall be due and payable on each Payment Date.

 

(b)  Payment Amount.  The principal and interest amount of each Payment shall be $263,967.67.

 

1











 

3.         Prepayment.  Borrower may prepay all (but not less than all) of the outstanding principal balance of this Equipment Note on a scheduled Payment Date occurring after one (1) year from the date hereof upon 30 days prior written notice from Borrower to Lender, provided that any such prepayment shall be made together with (a) all accrued interest and other charges and amounts owing hereunder through the date of prepayment, and (b) a prepayment charge calculated as follows: two percent (2.0%) of the amount prepaid during months thirteen (13) through twenty-four (24), one percent (1.0%) of the amount prepaid during months twenty-five (25) through thirty-six (36), and no prepayment penalty thereafter; provided, however, that, if any prepayment of this Equipment Note is made following an Event of Default, by reason of acceleration or otherwise, the prepayment charge shall be calculated based upon the full original Equipment Note Term.

 

4.         Borrower Acknowledgements.  Upon delivery and acceptance of the Equipment, Borrower shall execute this Equipment Note evidencing the amounts financed by Lender in respect of such Equipment and the Payments of principal and interest hereunder.  By its execution and delivery of this Equipment Note, Borrower:

 

(a)                    reaffirms of all of Borrower’s representations, warranties and covenants as set forth in the Master Agreement and represents and warrants that no Default or Event of Default under the Master Agreement exists as of the date hereof;

 

(b)                   represents, warrants and agrees that: (i) the Equipment has been delivered and is in an operating condition and performing the operation for which it is intended to the satisfaction of Borrower; (ii) each item of Equipment has been unconditionally accepted by Borrower for all purposes under the Master Agreement and this Equipment Note; and (iii) there has been no material adverse change in the operations, business, properties or condition, financial or otherwise, of Borrower or any Guarantor since September 30, 2011;

 

(c)                    authorizes and directs Lender to advance the principal amount of this Equipment Note to reimburse Borrower or pay Vendors all or a portion of the purchase price of Equipment in accordance with Vendors’ invoices therefor, receipt and approval of which are hereby reaffirmed by Borrower; and

 

(d)                   agrees that Borrower is absolutely and unconditionally obligated to pay Lender all Payments at the times and in the manner set forth herein.

 

5.         Registration.

 

(a)  All items of Equipment that are motor vehicles shall at all times be registered and titled as follows:

 

	
(A)
    	
Registered   Owner:
    	
Arb, Inc.
    
	
 
    	
 
    	
26000   Commercenter Drive
    
	
 
    	
 
    	
Lake   Forest, CA 92630
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Stellaris LLC
    
	
 
    	
 
    	
26000   Commercenter Drive
    
	
 
    	
 
    	
Lake   Forest, CA 92630
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Rockford Corporation
    
	
 
    	
 
    	
4821   N.E. 100th
    
	
 
    	
 
    	
Portland,   OR 97220
    
	
 
    	
 
    	
 
    
	
(B)
    	
Lienholder:
    	
Banc of America Leasing & Capital, LLC
    
	
 
    	
 
    	
2059   Northlake Parkway, 3rd Floor
    
	
 
    	
 
    	
Tucker,   GA 30084
    


 

(b)  Borrower shall be responsible for the correct titling of all such items of Equipment.  Borrower shall cause the original certificates of title to be delivered to Lender for retention in Lender’s files throughout the term of the Equipment Note All costs of such registration and licensing are for the account of Borrower.

 

2











 

	
BANC OF AMERICA LEASING & CAPITAL, LLC
    	
 
    	
Co-Borrower: ARB, INC.
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/   Freda Akuffo
    	
 
    	
By:
    	
/s/   Alfons Theeuwes
    
	
 
    	
 
    	
 
    	
Printed Name: Alfons Theeuwes 
    
	
Printed Name:
    	
Freda   Akuffo
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Title:
    	
Assistant   Vice President
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Co-Borrower: STELLARIS LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Alfons Theeuwes
    
	
 
    	
 
    	
Printed Name: Alfons Theeuwes
    
	
 
    	
 
    	
Title: Chief Financial Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Co-Borrower: ROCKFORD CORPORATION
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Scott Summers
    
	
 
    	
 
    	
Printed Name: Scott Summers
    
	
 
    	
 
    	
Title: Vice President
    
								


 

3













 

Exhibit A

Arb, Inc., Stellaris LLC and

Rockford Corporation (Co-Borrowers)

 

	
 
    	
 
    	
Borrowers:
    	
 
    	
 Arb, Inc.,   Stellaris LLC and Rockford Corporation
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Master Loan and Security Agreement Number:
    	
 
    	
23403-70000
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Equipment Security Note Number:
    	
 
    	
7001
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Equipment Location:
    	
 
    	
Arb, Inc.-26000 Commercentre Drive,   Lake Forest, CA  92630
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
Stellaris LLC-26000 Commercentre Drive,   Lake Forest, CA 92630
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
Rockford Corp.-17860 State Route 706,   Montrose, PA 18801
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
OWNER
    	
 
    	
CAT DESC
    	
 
    	
EQUIPMENT DESCRIPTION
    	
 
    	
S/N
    	
 
    	
EQUIPMENT
   COST
    
	
ARB
    	
 
    	
CRAWLER   DOZER W/RIPPER
    	
 
    	
2005   CAT D8T DOZER RIPPER
    	
 
    	
KPZ00817
    	
 
    	
$
    	
 325,911.47
    
	
ARB
    	
 
    	
CRAWLER   DOZER W/WINCH
    	
 
    	
2005   CAT D8T DOZER WINCH
    	
 
    	
KPZ00859
    	
 
    	
$
    	
 325,911.47
    
	
ARB
    	
 
    	
PIPELAYER-   583 SIZE
    	
 
    	
1977   CAT 583K PIPELAYER W/WINCH
    	
 
    	
78V00629
    	
 
    	
$
    	
 154,725.88
    
	
ARB
    	
 
    	
PIPELAYER-   583 SIZE
    	
 
    	
1979   CAT 583K PIPELAYER
    	
 
    	
78V00899
    	
 
    	
$
    	
 154,725.88
    
	
ARB
    	
 
    	
PIPELAYER-   583 SIZE
    	
 
    	
1981   CAT 583K PIPELAYER W/WINCH
    	
 
    	
78V00999
    	
 
    	
$
    	
 154,725.88
    
	
ARB
    	
 
    	
EXCAVATOR-   CAT 315 SIZE
    	
 
    	
2004   CAT 320CLU EXCAVATOR
    	
 
    	
PAC00453
    	
 
    	
$
    	
 84,976.89
    
	
ARB
    	
 
    	
EXCAVATOR-   CAT 315 SIZE
    	
 
    	
2004   CAT 320CLU EXCAVATOR
    	
 
    	
PAC00472
    	
 
    	
$
    	
 84,976.89
    
	
ARB
    	
 
    	
EXCAVATOR-   CAT 330 SIZE
    	
 
    	
2004   CAT 330CL EXCAVATOR
    	
 
    	
DKY2672
    	
 
    	
$
    	
 104,333.99
    
	
ARB
    	
 
    	
EXCAVATOR-   CAT 330 SIZE
    	
 
    	
2004   CAT 330CL EXCAVATOR
    	
 
    	
DKY2678
    	
 
    	
$
    	
 104,333.99
    
	
ARB
    	
 
    	
EXCAVATOR-CAT   385 SIZE
    	
 
    	
2005   CAT 385CL EXCAVATOR
    	
 
    	
EDA00214
    	
 
    	
$
    	
 328,668.44
    
	
ARB
    	
 
    	
BACKHOE-   446/JD710
    	
 
    	
2004   JD 710G BACKHOE
    	
 
    	
T0710GX941354
    	
 
    	
$
    	
 45,810.05
    
	
ARB
    	
 
    	
BACKHOE-   446/JD710
    	
 
    	
2004   JD 710G BACKHOE
    	
 
    	
TO710GX941691
    	
 
    	
$
    	
 45,810.05
    
	
ARB
    	
 
    	
BACKHOE-   446/JD710
    	
 
    	
2005   JD 710G BACKHOE
    	
 
    	
T0710GX951166
    	
 
    	
$
    	
 50,925.98
    
	
ARB
    	
 
    	
BACKHOE-   446/JD710
    	
 
    	
2006   JD 710G BACKHOE
    	
 
    	
T0710GX954028
    	
 
    	
$
    	
 58,599.87
    
	
ARB
    	
 
    	
WHEEL   LOADER- 3.5 TO 5 YD
    	
 
    	
2005   CAT 950G 4YD WHEEL LOADER
    	
 
    	
AXX01631
    	
 
    	
$
    	
 126,764.71
    
	
ARB
    	
 
    	
WHEEL   LOADER- 3.5 TO 5 YD
    	
 
    	
2005   CAT 950G 4YD WHEEL LOADER
    	
 
    	
AXX01756
    	
 
    	
$
    	
 126,764.71
    
	
ARB
    	
 
    	
WHEEL   LOADER- 3.5 TO 5 YD
    	
 
    	
2005   CAT 962G 4.5YD WHEEL LOADER
    	
 
    	
AXY00473
    	
 
    	
$
    	
 139,378.09
    
	
ROCKFORD
    	
 
    	
SIDEBOOM
    	
 
    	
2007   Cat 583T Sideboom
    	
 
    	
CMX00240
    	
 
    	
$
    	
 344,115.48
    
	
ROCKFORD
    	
 
    	
SIDEBOOM
    	
 
    	
2007   Cat 583T Sideboom
    	
 
    	
CMX00241
    	
 
    	
$
    	
 344,115.48
    
	
STELLARIS
    	
 
    	
DIRECTIONAL   DRILL 1
    	
 
    	
2009   MCS-1000 PORTABLE MUD SYSTM
    	
 
    	
1T9C2523691949041
    	
 
    	
$
    	
 511,561.84
    
	
ROCKFORD
    	
 
    	
SIDEBOOM
    	
 
    	
2007   CATERPILLAR PIPELAYER 587T
    	
 
    	
FAT00345
    	
 
    	
$
    	
 393,895.50
    
	
ROCKFORD
    	
 
    	
SIDEBOOM
    	
 
    	
2007   CATERPILLAR PIPELAYER 587T
    	
 
    	
FAT00346
    	
 
    	
$
    	
 393,895.50
    
	
ROCKFORD
    	
 
    	
SIDEBOOM
    	
 
    	
2007   CATERPILLAR PIPELAYER 587T
    	
 
    	
FAT00347
    	
 
    	
$
    	
 393,895.50
    
	
ROCKFORD
    	
 
    	
SIDEBOOM
    	
 
    	
2007   CATERPILLAR PIPELAYER 587T
    	
 
    	
FAT00348
    	
 
    	
$
    	
 393,895.50
    
	
ROCKFORD
    	
 
    	
DOZER
    	
 
    	
2007   CaT D8T Dozer W/Rippers
    	
 
    	
KPZ01178
    	
 
    	
$
    	
 400,105.60
    
	
ROCKFORD
    	
 
    	
DOZER
    	
 
    	
2007   D8T CATERPILLAR TRACK TRACTOR
    	
 
    	
KPZ02215
    	
 
    	
$
    	
 400,105.60
    
	
ROCKFORD
    	
 
    	
DOZER
    	
 
    	
2007   D8T CATERPILLAR TRACK TRACTOR
    	
 
    	
KPZ02216
    	
 
    	
$
    	
 400,105.60
    
	
ROCKFORD
    	
 
    	
DOZER
    	
 
    	
2007   D8T CATERPILLAR TRACK TRACTOR
    	
 
    	
KPZ02217
    	
 
    	
$
    	
 400,105.60
    
	
STELLARIS
    	
 
    	
EXCAVATOR-   CAT 345 SIZE
    	
 
    	
2010   CAT 345DL EXCAVATOR
    	
 
    	
CAT0345DPEEH00932
    	
 
    	
$
    	
 347,852.15
    
	
ROCKFORD
    	
 
    	
DOZER
    	
 
    	
2007   Cat D8T Dozer w/Rippers
    	
 
    	
KPZ00667
    	
 
    	
$
    	
 400,105.60
    
	
ROCKFORD
    	
 
    	
DOZER
    	
 
    	
2007   Cat D8T Dozer w/Rippers
    	
 
    	
KPZ00804
    	
 
    	
$
    	
 400,105.60
    
											


 

4




 










 

	
OWNER
    	
 
    	
CAT DESC
    	
 
    	
EQUIPMENT DESCRIPTION
    	
 
    	
S/N
    	
 
    	
EQUIPMENT
   COST
    
	
ROCKFORD
    	
 
    	
BORING/DRL
    	
 
    	
1010   John Henry Rock Drill JH59
    	
 
    	
PHX99077
    	
 
    	
$
    	
 264,718.32
    
	
ROCKFORD
    	
 
    	
DOZER
    	
 
    	
2007   D7DRILGP TRACK TRACTOR
    	
 
    	
ABJ01579
    	
 
    	
$
    	
 331,179.53
    
	
ROCKFORD
    	
 
    	
DOZER
    	
 
    	
2007   D7GRILGP TRACK TRACTOR
    	
 
    	
ABJ01562
    	
 
    	
$
    	
 330,964.72
    
	
ROCKFORD
    	
 
    	
TACK   RIG
    	
 
    	
2010   D6NLPG TACK RIG
    	
 
    	
ALY02398
    	
 
    	
$
    	
 176,398.99
    
	
ROCKFORD
    	
 
    	
TACK   RIG
    	
 
    	
2010   D6NLGP Tack Rig
    	
 
    	
ALY02337
    	
 
    	
$
    	
 176,398.99
    
	
ROCKFORD
    	
 
    	
BORING/DRL
    	
 
    	
2010   John Henry Rock Drill JH602
    	
 
    	
CJC03481
    	
 
    	
$
    	
 205,629.36
    
	
STELLARIS
    	
 
    	
EXCAVATOR-   CAT 345 SIZE
    	
 
    	
2006   CAT 345CL EXCAVATOR
    	
 
    	
DHP00347
    	
 
    	
$
    	
 194,739.70
    
	
STELLARIS
    	
 
    	
EXCAVATOR-   CAT 345 SIZE
    	
 
    	
2006   CAT 345CL EXCAVATOR
    	
 
    	
PJW00969
    	
 
    	
$
    	
 194,739.70
    
	
ROCKFORD
    	
 
    	
EXCAVATOR
    	
 
    	
2010   CATERPILLAR EXCAVATOR WITH JH 16' DRILL
    	
 
    	
CJC03504
    	
 
    	
$
    	
 197,188.08
    
	
ROCKFORD
    	
 
    	
EXCAVATOR
    	
 
    	
2010   KAMATSU EXCAVATOR WITH JH 16' DRILL
    	
 
    	
K41216
    	
 
    	
$
    	
 190,281.57
    
	
STELLARIS
    	
 
    	
PIPELAYER-   583 SIZE
    	
 
    	
1980   CAT 583K PIPELAYER W/WINCH
    	
 
    	
78V970
    	
 
    	
$
    	
 132,983.18
    
	
STELLARIS
    	
 
    	
Construction
    	
 
    	
2010   CAT 321DL EXCAVATOR
    	
 
    	
CAT0321DTMPG00180
    	
 
    	
$
    	
 154,299.57
    
	
ROCKFORD
    	
 
    	
Construction   Tools
    	
 
    	
2010   PAI HP165-3000 Pressure Pump Complete
    	
 
    	
B25605189
    	
 
    	
$
    	
 153,693.06
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2009   LIBURDI P300 ORBITAL WELDER
    	
 
    	
091301 &   091302
    	
 
    	
$
    	
 153,491.56
    
	
ROCKFORD
    	
 
    	
Construction
    	
 
    	
1988   CAT 583K
    	
 
    	
78V01135
    	
 
    	
$
    	
 129,251.16
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2008   OMEGA D75MUD PUMP
    	
 
    	
D465124779
    	
 
    	
$
    	
 121,171.03
    
	
ROCKFORD
    	
 
    	
Construction
    	
 
    	
1993   572G SIDEBOOM
    	
 
    	
8PC0447
    	
 
    	
$
    	
 121,171.03
    
	
ROCKFORD
    	
 
    	
Construction
    	
 
    	
1993   572G SIDEBOOM
    	
 
    	
8PC0448
    	
 
    	
$
    	
 121,171.03
    
	
ROCKFORD
    	
 
    	
Construction
    	
 
    	
1993   572G SIDEBOOM
    	
 
    	
8PC0449
    	
 
    	
$
    	
 121,171.03
    
	
ROCKFORD
    	
 
    	
Construction   Tools
    	
 
    	
2010   PAI MODEL DMD2000 FILL PUMPS
    	
 
    	
100-7694
    	
 
    	
$
    	
 118,159.83
    
	
ROCKFORD
    	
 
    	
Construction   Tools
    	
 
    	
2010   PAI MODEL DMD2000 FILL PUMPS
    	
 
    	
100-J7695
    	
 
    	
$
    	
 118,159.82
    
	
ROCKFORD
    	
 
    	
Truck
    	
 
    	
2009   KW T800 Tractor
    	
 
    	
1XKDP4TX89J249574
    	
 
    	
$
    	
 114,095.56
    
	
STELLARIS
    	
 
    	
Construction
    	
 
    	
1981   CAT 572G PIPELAYER
    	
 
    	
4OU925
    	
 
    	
$
    	
 113,090.90
    
	
ROCKFORD
    	
 
    	
Truck
    	
 
    	
2008   T-800 KW Truck
    	
 
    	
1XKDP4TX08R227018
    	
 
    	
$
    	
 110,152.97
    
	
ROCKFORD
    	
 
    	
Truck
    	
 
    	
2008   T-800 KW Truck
    	
 
    	
1XKDP4TX98R227017
    	
 
    	
$
    	
 110,152.97
    
	
STELLARIS
    	
 
    	
Construction
    	
 
    	
2005   CAT 330CL EXCAVATOR
    	
 
    	
CAP02056
    	
 
    	
$
    	
 100,970.70
    
	
STELLARIS
    	
 
    	
Construction
    	
 
    	
2010   CAT D4K XL PIPELAYER DOZER
    	
 
    	
CAT00D4KVMMM00579
    	
 
    	
$
    	
 100,970.70
    
	
STELLARIS
    	
 
    	
Construction
    	
 
    	
2010   CAT D4K XL PIPELAYER DOZER
    	
 
    	
CAT00D4KVMMM00580
    	
 
    	
$
    	
 100,970.70
    
	
STELLARIS
    	
 
    	
Construction
    	
 
    	
2010   CAT D4K XL PIPELAYER DOZER
    	
 
    	
CAT00D4KCMMM00581
    	
 
    	
$
    	
 100,970.70
    
	
STELLARIS
    	
 
    	
Construction
    	
 
    	
2010   CAT D4K XL PIPELAYER DOZER
    	
 
    	
CAT00D4KVMMM00582
    	
 
    	
$
    	
 100,970.70
    
	
ROCKFORD
    	
 
    	
Trailer
    	
 
    	
2010   AP60LF Liddell Trailer LOWBOY
    	
 
    	
1Z9304788AE094001
    	
 
    	
$
    	
 94,834.67
    
	
ROCKFORD
    	
 
    	
Truck
    	
 
    	
2007   Sterling Conventional Trk Chassis
    	
 
    	
2FZHAZCV57AV53384
    	
 
    	
$
    	
 86,112.15
    
	
ROCKFORD
    	
 
    	
Truck
    	
 
    	
2008   Mack Truck
    	
 
    	
1M2AX07C18M003294
    	
 
    	
$
    	
 85,296.96
    
	
ROCKFORD
    	
 
    	
Truck
    	
 
    	
2008   Mack Truck
    	
 
    	
1M2AZ07C58M002889
    	
 
    	
$
    	
 84,525.02
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2009   HB4200 HYD BREAKER
    	
 
    	
2131
    	
 
    	
$
    	
 80,770.38
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
1997   CRC 16-30" BENDING MACHINE
    	
 
    	
PB30175
    	
 
    	
$
    	
 76,730.31
    
	
ROCKFORD
    	
 
    	
Construction
    	
 
    	
1978-1979   CAT 572G
    	
 
    	
4OU661
    	
 
    	
$
    	
 64,610.11
    


 

5













 

	
OWNER
    	
 
    	
CAT DESC
    	
 
    	
EQUIPMENT DESCRIPTION
    	
 
    	
S/N
    	
 
    	
EQUIPMENT
   COST
    
	
ROCKFORD
    	
 
    	
Construction
    	
 
    	
1978-1979   CAT 572G
    	
 
    	
4OU618
    	
 
    	
$
    	
 64,610.11
    
	
STELLARIS
    	
 
    	
Construction
    	
 
    	
2000   COMMANDER 510 SCREEN PLANT
    	
 
    	
5702044
    	
 
    	
$
    	
 60,570.05
    
	
ROCKFORD
    	
 
    	
Construction
    	
 
    	
1975   CAT 572G
    	
 
    	
4OU399
    	
 
    	
$
    	
 56,529.98
    
	
ROCKFORD
    	
 
    	
Trailer
    	
 
    	
2007   Eager Beaver 55T Lowboy
    	
 
    	
112SD55268L073651
    	
 
    	
$
    	
 54,267.54
    
	
ROCKFORD
    	
 
    	
Trailer
    	
 
    	
2007   Eager Beaver 55T Lowboy
    	
 
    	
112SD55288L073649
    	
 
    	
$
    	
 54,267.54
    
	
ROCKFORD
    	
 
    	
Trailer
    	
 
    	
2007   Eager Beaver 55T Lowboy
    	
 
    	
112SD55268L073939
    	
 
    	
$
    	
 54,267.54
    
	
STELLARIS
    	
 
    	
Truck
    	
 
    	
1994   VOLVO A-35 ROCK TRUCK
    	
 
    	
A35-V2352
    	
 
    	
$
    	
 52,489.91
    
	
STELLARIS
    	
 
    	
Construction
    	
 
    	
1997   LINKBELT SCREEN W/3 CONVR.
    	
 
    	
NEED   SER.#
    	
 
    	
$
    	
 52,489.91
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
1992   M100 100' STACKER CONVEYER
    	
 
    	
1000883
    	
 
    	
$
    	
 48,449.85
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2005   CEI 30"X60'HD STACKABLE CONVER
    	
 
    	
6981-1032-05
    	
 
    	
$
    	
 40,369.72
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2005   CEI 30"X60'HD STACKABLE CONVER
    	
 
    	
11165-10951
    	
 
    	
$
    	
 40,369.72
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2009   ALPINE TC-E2 ROCK CUT.345EX
    	
 
    	
0509
    	
 
    	
$
    	
 40,369.72
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2000   24" GOLIATH HAMMER
    	
 
    	
111
    	
 
    	
$
    	
 40,369.72
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2007   KOLBERG 100' STAK.CONVEYOR
    	
 
    	
406950
    	
 
    	
$
    	
 39,561.70
    
	
STELLARIS
    	
 
    	
Forklift
    	
 
    	
2007   CAT TL1255 10K REACHLIFT
    	
 
    	
TBN00106
    	
 
    	
$
    	
 36,329.65
    
	
ROCKFORD
    	
 
    	
Trailer
    	
 
    	
2007   Deloupe T/A Self Steering Pole Trailer
    	
 
    	
2D9KD40B171004124
    	
 
    	
$
    	
 35,925.65
    
	
ROCKFORD
    	
 
    	
Trailer
    	
 
    	
2007   Deloupe T/A Self Steering Pole Trailer
    	
 
    	
2D9KD40B671004121
    	
 
    	
$
    	
 35,925.65
    
	
ROCKFORD
    	
 
    	
Trailer
    	
 
    	
2007   Deloupe T/A Self Steering Pole Trailer
    	
 
    	
2D9KD40B871004119
    	
 
    	
$
    	
 35,925.65
    
	
ROCKFORD
    	
 
    	
Trailer
    	
 
    	
2007   Deloupe T/A Self Steering Pole Trailer
    	
 
    	
2D9KD40B871004122
    	
 
    	
$
    	
 35,925.65
    
	
STELLARIS
    	
 
    	
Construction
    	
 
    	
1977   CAT 561D PIPELAYER W/HYD WT
    	
 
    	
54X0001
    	
 
    	
$
    	
 35,521.64
    
	
STELLARIS
    	
 
    	
Construction
    	
 
    	
1981   CAT 561D PIPELAYER W/HYD WT
    	
 
    	
54X00549
    	
 
    	
$
    	
 35,521.64
    
	
STELLARIS
    	
 
    	
Forklift
    	
 
    	
2007   CAT TL1055 10K REACHLIFT
    	
 
    	
TBM00678
    	
 
    	
$
    	
 32,289.59
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2000   SUP 6-20" BENDING MACHINE
    	
 
    	
P118
    	
 
    	
$
    	
 32,289.59
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2006   KOLBERG 31-36100 80'X100'CONVR
    	
 
    	
406949
    	
 
    	
$
    	
 32,289.59
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2010   AIRMAN 65KVA GENERATOR
    	
 
    	
1478B10103
    	
 
    	
$
    	
 28,249.52
    
	
STELLARIS
    	
 
    	
Construction
    	
 
    	
2006   CAT D5N DOZER/PIPELAYER
    	
 
    	
AKD1959
    	
 
    	
$
    	
 28,249.52
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
1997   CRC 6-20" BENDING MACHINE
    	
 
    	
PB20446
    	
 
    	
$
    	
 26,633.49
    
	
ROCKFORD
    	
 
    	
Construction   Tools
    	
 
    	
1995   Sullivan 1300 SFM Compressor
    	
 
    	
510340
    	
 
    	
$
    	
 24,209.45
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
CEI   30"X45'HD STACKABLE CONVER
    	
 
    	
11165-10949
    	
 
    	
$
    	
 24,209.45
    
	
ROCKFORD
    	
 
    	
Trailer
    	
 
    	
2010   MAGNOLIA 67 FT STEER CP 2 AXEL
    	
 
    	
1M9PC6729A1435088
    	
 
    	
$
    	
 23,970.28
    
	
ROCKFORD
    	
 
    	
Trailer
    	
 
    	
2010   MAGNOLIA 67 FT STEER CP 2 AXEL
    	
 
    	
1M9PC6727A1435090
    	
 
    	
$
    	
 23,970.28
    
	
ROCKFORD
    	
 
    	
Trailer
    	
 
    	
2010   MAGNOLIA 67 FT STEER CP 2 AXEL
    	
 
    	
1M9PC6729A1435091
    	
 
    	
$
    	
 23,970.28
    
	
ROCKFORD
    	
 
    	
Trailer
    	
 
    	
2010   MAGNOLIA 67 FT STEER CP 2 AXEL
    	
 
    	
1M9PC6729A1435092
    	
 
    	
$
    	
 23,970.28
    
	
ROCKFORD
    	
 
    	
Trailer
    	
 
    	
2010   MAGNOLIA 67 FT STEER CP 2 AXEL
    	
 
    	
1M9PC6729A1435093
    	
 
    	
$
    	
 23,970.28
    
	
ROCKFORD
    	
 
    	
Trailer
    	
 
    	
2010   MAGNOLIA 67 FT STEER CP 2 AXEL
    	
 
    	
1M9PC6729A1435094
    	
 
    	
$
    	
 23,970.28
    
	
ROCKFORD
    	
 
    	
Trailer
    	
 
    	
2010   MAGNOLIA 67 FT STEER CP 2 AXEL
    	
 
    	
1M9PC6729A1435095
    	
 
    	
$
    	
 23,970.28
    
	
ROCKFORD
    	
 
    	
Trailer
    	
 
    	
2010   MAGNOLIA 67 FT STEER CP 2 AXEL
    	
 
    	
1M9PC6729A1435096
    	
 
    	
$
    	
 23,970.28
    
	
ROCKFORD
    	
 
    	
Trailer
    	
 
    	
2010   MAGNOLIA 67 FT STEER CP 2 AXEL
    	
 
    	
1M9PC6729A1435097
    	
 
    	
$
    	
 23,970.28
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2009   LINCOLN 400&600 6 PACK WELD
    	
 
    	
0888,7954,3060,087
    	
 
    	
$
    	
 22,593.43
    


 

6













 

	
OWNER
    	
 
    	
CAT DESC
    	
 
    	
EQUIPMENT DESCRIPTION
    	
 
    	
S/N
    	
 
    	
EQUIPMENT
   COST
    
	
STELLARIS
    	
 
    	
Forklift
    	
 
    	
2011   BLUE GIANT 3000# FORKLIFT
    	
 
    	
348709-01
    	
 
    	
$
    	
 21,785.42
    
	
ROCKFORD
    	
 
    	
Trailer
    	
 
    	
2007   Magnolia 67' Pole Trler
    	
 
    	
1M9PC672471435329
    	
 
    	
$
    	
 20,169.39
    
	
ROCKFORD
    	
 
    	
Trailer
    	
 
    	
2007   Magnolia 67' Pole Trler
    	
 
    	
1M9PC672471435332
    	
 
    	
$
    	
 20,169.39
    
	
STELLARIS
    	
 
    	
Construction
    	
 
    	
2008   JD 315 SKID STEER LOADER
    	
 
    	
T000315A152408
    	
 
    	
$
    	
 20,169.39
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2008   LINCOLN 400 6 PACK WELDER
    	
 
    	
7961,7899,0632,220
    	
 
    	
$
    	
 16,129.32
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2000   VACTRON 800GAL VAC SYSTEM
    	
 
    	
1A9AF1823YF495581
    	
 
    	
$
    	
 14,513.30
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2006   MILLER 8 PACK WELDER
    	
 
    	
LC394128
    	
 
    	
$
    	
 14,513.30
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2006   MILLER 8 PACK WELDER
    	
 
    	
LC394125
    	
 
    	
$
    	
 14,513.30
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2008   MILLER 8 PACK WELDER
    	
 
    	
LH340035V
    	
 
    	
$
    	
 14,513.30
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2008   MILLER 8 PACK WELDER
    	
 
    	
LJ090101V
    	
 
    	
$
    	
 14,513.30
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2008   MILLER 8 PACK WELDER
    	
 
    	
LJ090106V
    	
 
    	
$
    	
 14,513.30
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2008   MILLER 8 PACK WELDER
    	
 
    	
LH440191V
    	
 
    	
$
    	
 14,513.30
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2009   PALATEK 60HD ELEC AIR COMP
    	
 
    	
09E009
    	
 
    	
$
    	
 14,513.30
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2009   PALATEK 60HD ELEC AIR COMP
    	
 
    	
M112309200809E010
    	
 
    	
$
    	
 14,513.30
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2009   PALATEK 60HD ELEC AIR COMP
    	
 
    	
M112209200809E011
    	
 
    	
$
    	
 14,513.30
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
1980   MILLER 8 PACK WELDER
    	
 
    	
JA464940
    	
 
    	
$
    	
 14,513.30
    
	
ROCKFORD
    	
 
    	
Trailer
    	
 
    	
1998   SP-07 T/A Pole Trailer
    	
 
    	
HOMO1B97021897007
    	
 
    	
$
    	
 12,856.87
    
	
ROCKFORD
    	
 
    	
Trailer
    	
 
    	
1998   SP-08 T/A Pole Trailer
    	
 
    	
HOMO1B97021897008
    	
 
    	
$
    	
 12,856.87
    
	
STELLARIS
    	
 
    	
Forklift
    	
 
    	
2003   MITSUBISHIG35 8000#FORKLIFT
    	
 
    	
AF29-01230
    	
 
    	
$
    	
 12,089.26
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2011   SPIDER LIFT 9" DRUM THIMBLE
    	
 
    	
TA1157512769
    	
 
    	
$
    	
 12,089.26
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
10,000   GAL WATER TANK
    	
 
    	
NEED   SER.#
    	
 
    	
$
    	
 12,089.26
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2009   LRC 25 TRUCK LOAD CONVEYOR
    	
 
    	
1VRE280Y441000197
    	
 
    	
$
    	
 11,281.24
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2011   MILLER BIG 40 400 WELDER
    	
 
    	
MB180031E
    	
 
    	
$
    	
 11,281.24
    
	
STELLARIS
    	
 
    	
Forklift
    	
 
    	
2005   HYSTER H50XM 5000# FORKLIFT
    	
 
    	
H177B356342
    	
 
    	
$
    	
 10,877.24
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2005   SPAULDING 30"X80' PORT.CONVER
    	
 
    	
80-30T-05-2678
    	
 
    	
$
    	
 8,049.19
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2006   COMPASS 30"X45'STACKABL CONVR
    	
 
    	
11305-200612-06
    	
 
    	
$
    	
 8,049.19
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2007   COMPASS 30"X60'STACKABL CONVR
    	
 
    	
11560-200731-07
    	
 
    	
$
    	
 8,049.19
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2008   MILLER BIG40 400 WELDER
    	
 
    	
LJ350196E
    	
 
    	
$
    	
 8,049.19
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2008   LINCOLN VANTAGE 400 WELDER
    	
 
    	
U1081102344
    	
 
    	
$
    	
 8,049.19
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2008   LINCOLN VANTAGE 400 WELDER
    	
 
    	
U1081102251
    	
 
    	
$
    	
 8,049.19
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2008   MQ DF027012 25KW GENERATOR
    	
 
    	
4GNFU10188B023481
    	
 
    	
$
    	
 6,837.16
    
	
STELLARIS
    	
 
    	
Construction   Tools
    	
 
    	
2011   SPIDER LIFT 9" DRUM THIMBLE
    	
 
    	
TA1157512770
    	
 
    	
$
    	
 1,181.07
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Total
    	
 
    	
$
    	
 15,000,000.00
    


 

7