Document:

<TABLE>
<CAPTION>
                                                PROMISSORY NOTE

--------------- ------------- --------------- ------------ ------------ ------------ ------------ ---------------
Principal       Loan Date     Maturity        Loan No      Call / Colt  Account      Office       Initials
<C>             <C>           <C>             <C>          <C>          <C>          <C>          <C>
$1,200,000.00   10/31/2001    03/31/2003      9001         2 / 7380     6810063      6231
--------------- ------------- --------------- ------------ ------------ ------------ ------------ ---------------
</TABLE>

References  in the shaded  area are for  Lender's  use only and do not limit the
applicability of this document to any particular loan or item.

                Any item above containing "***" has been omitted
                        due to text length limitations.

Borrower:   NACO INDUSTRIES, INC.      Lender:  ZIONS FIRST NATIONAL BANK
            395 WEST 1400 NORTH                 LOGAN COMMERCIAL BANKING CENTER
            LOGAN, UT 84341                     460 NORTH MAIN STREET
                                                LOGAN, UT 84321

Principal Amount: $1,200,000.00                             Initial Rate: 7.250%

                         Date of Note: October 31, 2001

PROMISE TO PAY.  NACO  INDUSTRIES,  INC.  ("Borrower")  promises to pay to ZIONS
FIRST NATIONAL BANK  ("Lender"),  or order, in lawful money of the United States
of America,  the principal  amount of One Million Two Hundred  Thousand & 00/100
Dollars ($1,200,000.00) or so much as may be outstanding, together with Interest
on the unpaid outstanding  principal balance of each advance.  Interest shall be
calculated from the date of each advance until repayment of each advance.

PAYMENT. Borrower will pay this loan in one payment of all outstanding principal
plus all accrued unpaid  interest on March 31, 2003. In addition,  Borrower will
pay  regular  monthly  payments of all accrued  unpaid  interest  due as of each
payment date,  beginning December 1, 2001, with all subsequent interest payments
to be due on the same day of each month after that.  Unless  otherwise agreed or
required by applicable  law,  payments  will be applied first to accrued  unpaid
Interest,  then to principal,  and any remaining amount to any unpaid collection
costs.  The annual  interest rate for this Note is computed on a 365/360  basis;
that Is, by applying  the ratio of the annual  Interest  rate over a year of 360
days, multiplied by the outstanding principal balance,  multiplied by the actual
number of days the principal balance 13 outstanding. Borrower will pay Lender at
Lender'3  address  shown above or at such other place as Lender may designate in
writing.

VARIABLE INTEREST RATE. The interest rate on this Note is subject to change from
time to time based on changes in an  independent  index which is the Prime Rate.
Prime Rate means an index which is determined daily by the published  commercial
loan  variable rate index held by any two of the following  banks:  J.P.  Morgan
Chase & Co., Wells Fargo Bank N.A., and Bank of America N.A. In the event no two
of the above banks have the same published rate, the bank having the median rate
will establish the Prime Rate.  This  definition of Prime Rate is to be strictly
interpreted  and is not  intended to serve any purpose  other than  providing an
index to determine the variable  interest rate used herein. It is not the lowest
rate at which Zions First  National Bank may make loans to any of its customers,
either now or in the future.  (the "Index").  The Index is not  necessarily  the
lowest rate  charged by Lender on its loans.  If the Index  becomes  unavailable
during the term of this loan,  Lender may  designate  a  substitute  index after
notice to  Borrower.  Lender  will tell  Borrower  the  current  Index rate upon
Borrower's request. The interest rate change will not occur more often than each
Day.  Borrower  understands  that  Lender may make loans based on other rates as
well. The Index  currently is 5.500% per annum.  The interest rate to be applied
to the  unpaid  principal  balance  of this  Note  will  be at a rate  of  1.750
percentage  points over the ' Index,  resulting in an initial rate of 7.250% per
annum.  NOTICE:  Under no  circumstances  will the interest rate on this Note be
more than the maximum rate allowed by applicable law.

PREPAYMENT. Borrower agrees that all loan fees and other prepaid finance charges
are  earned  fully as of the date of the loan and will not be  subject to refund
upon early  payment  (whether  voluntary or as a result of  default),  except as
otherwise  required by law.  Except for the foregoing,  Borrower may pay without
penalty  all or a portion  of the  amount  owed  earlier  than it is due.  Early
payments will not,  unless agreed to by Lender in writing,  relieve  Borrower of
Borrower's  obligation to continue to make payments of accrued unpaid  interest.
Rather,  early payments will reduce the principal  balance due.  Borrower agrees
not to send  Lender  payments  marked  'paid in full",  "without  recourse",  or

                                       1
<PAGE>

similar language. If Borrower sends such a payment, Lender may accept it without
losing any of  Lender's  rights  under  this  Note,  and  Borrower  will  remain
obligated to pay any further amount owed to Lender.  All written  communications
concerning  disputed  amounts,  including any check or other payment  instrument
that indicates that the payment constitutes 'payment in full" of the amount owed
or that is tendered with other conditions or limitations or as full satisfaction
of a disputed  amount must be mailed or delivered to: Zions First National Bank,
P.O. Box 25822 Salt Lake City, UT 84125-0822.

INTEREST  AFTER  DEFAULT.  Upon  default,  including  failure  to pay upon final
maturity,  Lender,  at its  option,  may, if  permitted  under  applicable  law,
increase the variable interest rate on this Note to 4.750 percentage points over
the Index.  The  interest  rate will not exceed the maximum  rate  permitted  by
applicable law.

DEFAULT.  Each of the following shall  constitute an event of default ('Event of
Default") under this Note:

     Payment  Default.  Borrower  fails to make any payment  when due under this
     Note. Other Defaults. Borrower fails to comply with or to perform any other
     term, obligation, covenant or condition contained in this Note or in any of
     the related documents or to comply with or to perform any term, obligation,
     covenant or condition  contained in any other agreement  between Lender and
     Borrower.

     Default in Favor of Third Parties.  Borrower or any Grantor  defaults under
     any loan,  extension  of  credit,  security  agreement,  purchase  or sales
     agreement, or any other agreement, in favor of any other creditor or person
     that may materially affect any of Borrower's property or Borrower's ability
     to repay this Note or perform Borrower's obligations under this Note or any
     of the related documents.

     False  Statements.  Any  warranty,  representation  or  statement  made  or
     furnished to Lender by Borrower or on Borrower's  behalf under this Note or
     the related  documents  is false or  misleading  in any  material  respect,
     either now or at the time made or furnished or becomes  false or misleading
     at any time thereafter.

     Insolvency.  The  dissolution or  termination of Borrower's  existence as a
     going business,  the insolvency of Borrower,  the appointment of a receiver
     for any part of  Borrower's  property,  any  assignment  for the benefit of
     creditors,  any  type  of  creditor  workout,  or the  commencement  of any
     proceeding under any bankruptcy or insolvency laws by or against Borrower.

     Creditor  or  Forfeiture   Proceedings.   Commencement  of  foreclosure  or
     forfeiture   proceedings,   whether  by  judicial  proceeding,   self-help,
     repossession  or any other  method,  by any  creditor of Borrower or by any
     governmental agency against any collateral securing the loan. This includes
     a garnishment of any of Borrower's  accounts,  including  deposit accounts,

                                       2
<PAGE>

     with Lender.  However,  this Event of Default shall not apply if there is a
     good faith dispute by Borrower as to the validity or  reasonableness of the
     claim which is the basis of the creditor or  forfeiture  proceeding  and if
     Borrower  gives  Lender  written  notice  of  the  creditor  or  forfeiture
     proceeding  and  deposits  with  Lender  monies  or a  surety  bond for the
     creditor or forfeiture  proceeding,  in an amount  determined by Lender, in
     its sole discretion, as being an adequate reserve or bond for the dispute.

     Events Affecting Guarantor. Any of the preceding events occurs with respect
     to any  Guarantor  of any of the  indebtedness  or any  Guarantor  dies  or
     becomes  incompetent,  or revokes or disputes the validity of, or liability
     under,  any guaranty of the  indebtedness  evidenced  by this Note.  In the
     event of a death, Lender, at its option, may, but shall not be required to,
     permit the  Guarantor's  estate to assume  unconditionally  the obligations
     arising  under the  guaranty in a manner  satisfactory  to Lender,  and, in
     doing so, cure any Event of Default.

     Change In Ownership.  Any change in ownership of twenty-five  percent (25%)
     or more of the common stock of Borrower.

     Adverse Change.  A material  adverse change occurs in Borrower's  financial
     condition,  or Lender  believes the prospect of payment or  performance  of
     this Note is impaired.

     Insecurity. Lender in good faith believes itself insecure.

     Cure Provisions. If any default, other than a default in payment is curable
     and if  Borrower  has not  been  given a  notice  of a  breach  of the same
     provision of this Note within the preceding  twelve (12) months,  it may be
     cured (and no event of  default  will have  occurred)  if  Borrower,  after
     receiving  written notice from Lender  demanding cure of such default:  (1)
     cures the default  within  fifteen (15) days;  or (2) if the cure  requires
     more than fifteen (15) days, immediately initiates steps which Lender deems
     in  Lender's  sole  discretion  to be  sufficient  to cure the  default and
     thereafter  continues  and  completes all  reasonable  and necessary  steps
     sufficient to produce compliance as soon as reasonably practical.

LENDER'S  RIGHTS.  Upon default,  Lender may declare the entire unpaid principal
balance on this Note and all accrued unpaid interest  immediately  due, and then
Borrower will pay that amount.

                                       3
<PAGE>

ATTORNEYS' FEES;  EXPENSES.  Lender may hire or pay someone else to help collect
this Note if Borrower does not pay.  Borrower will pay Lender that amount.  This
includes,  subject to any  limits  under  applicable  law,  Lender's  reasonable
attorneys' fees and Lender's legal expenses,  whether or not there is a lawsuit,
including without  limitation all reasonable  attorneys' fees and legal expenses
for bankruptcy  proceedings (including efforts to modify or vacate any automatic
stay or injunction),  and appeals. If not prohibited by applicable law, Borrower
also will pay any court costs, in addition to all other sums provided by law.

GOVERNING  LAW.  This  Note will be  governed  by,  construed  and  enforced  In
accordance  with  federal  law and the laws of the State of Utah.  This Note has
been accepted by Lender in the State of Utah.

CHOICE OF VENUE. If there is a lawsuit, Borrower agrees upon Lender's request to
submit to the jurisdiction of the courts of Salt Lake County, State of Utah.

DISHONORED  ITEM FEE.  Borrower  will pay a fee to Lender of $15.00 if  Borrower
makes a payment on Borrower's  loan and the check or  preauthorized  charge with
which Borrower pays is later dishonored.

RIGHT OF SETOFF.  To the extent  permitted by applicable  law, Lender reserves a
right of  setoff in all  Borrower's  accounts  with  Lender  (whether  checking,
savings,  or some other  account).  This  includes all accounts  Borrower  holds
jointly  with  someone  else and all  accounts  Borrower may open in the future.
However,  this does not include any IRA or Keogh accounts, or any trust accounts
for which setoff would be prohibited by law. Borrower  authorizes Lender, to the
extent  permitted by  applicable  law, to charge or setoff all sums owing on the
indebtedness against any and all such accounts.

LINE OF CREDIT.  This Note evidences a revolving line of credit.  Advances under
this Note may be  requested  only in writing by  Borrower or as provided in this
paragraph.  All  communications,  instructions,  or  directions  by telephone or
otherwise  to Lender are to be directed  to Lender's  office  shown  above.  The
following  persons  currently  are  authorized,   except  as  provided  in  this
paragraph,  to request advances and authorize  payments under the line of credit
until Lender receives from Borrower,  at Lender's  address shown above,  written
notice of revocation of their authority:  W. MICHAEL HOPKINS,  President of NACO
INDUSTRIES,  INC.; JEFFREY J. KIRBY,  Executive Vice President;  BRYCE PETERSEN,
Vice President;  and VERNE E. BRAY, Chief Executive  Officer of NACO INDUSTRIES,
INC.  "PROVIDED,  HOWEVER,  THAT THE AMOUNT OF ANY ADVANCE  REQUESTED  BY EITHER
JEFFREY  J.  KIRBY OR BRYCE  PETERSEN  MAY NOT EXCEED  $100,000.00  UNLESS  SUCH
REQUEST IS MADE  JOINTLY,  WITH  EITHER W.  MICHAEL  HOPKINS OR VERNE E.  BRAY".
Borrower  agrees to be liable for all sums either:  (A)  advanced in  accordance
with  the  instructions  of an  authorized  person  or  (B)  credited  to any of
Borrower's accounts with Lender. The unpaid principal balance owing on this Note
at any  time  may be  evidenced  by  endorsements  on this  Note or by  Lender's
internal  records,  including  daily  computer  print-outs.  Lender will have no
obligation to advance funds under this Note if: (A) Borrower or any guarantor is
in default  under the terms of this Note or any  agreement  that Borrower or any
guarantor has with Lender,  including any agreement made in connection  with the

                                       4
<PAGE>

signing of this Note; (B) Borrower or any guarantor  ceases doing business or is
insolvent;  (C) any  guarantor  seeks,  claims or  otherwise  attempts to limit,
modify or revoke such guarantor's  guarantee of this Note or any other loan with
Lender;  (D)  Borrower  has  applied  funds  provided  pursuant to this Note for
purposes  other than  those  authorized  by Lender;  or (El Lender in good faith
believes itself insecure.

ARBITRATION DISCLOSURES.

     1.   ARBITRATION  IS FINAL AND  BINDING ON THE  PARTIES AND SUBJECT TO ONLY
          VERY LIMITED REVIEW BY A COURT.
     2.   IN  ARBITRATION  THE PARTIES  ARE  WAIVING  THEIR RIGHT TO LITIGATE IN
          COURT, INCLUDING THEIR RIGHT TO A JURY TRIAL.
     3.   DISCOVERY IN ARBITRATION IS MORE LIMITED THAN DISCOVERY IN COURT.
     4.   ARBITRATORS  ARE NOT  REQUIRED  TO INCLUDE  FACTUAL  FINDINGS OR LEGAL
          REASONING IN THEIR AWARDS. THE RIGHT TO APPEAL OR SEEK MODIFICATION OF
          ARBITRATORS' RULINGS IS VERY LIMITED.
     5.   A PANEL OF  ARBITRATORS  MIGHT  INCLUDE  AN  ARBITRATOR  WHO IS OR WAS
          AFFILIATED WITH THE BANKING INDUSTRY.
     6.   ARBITRATION WILL APPLY TO ALL DISPUTES  BETWEEN THE PARTIES,  NOT JUST
          THOSE CONCERNING THE AGREEMENT.
     7.   IF YOU HAVE QUESTIONS ABOUT ARBITRATION,  CONSULT YOUR ATTORNEY OR THE
          AMERICAN ARBITRATION ASSOCIATION.

     (a)Any claim or  controversy  ('Dispute')  between or among the parties and
     their  employees,  agents,  affiliates,  and  assigns,  including,  but not
     limited to,  Disputes  arising out of or relating to this  agreement,  this
     arbitration provision  ("arbitration clause"), or any related agreements or
     instruments  relating hereto or delivered in connection  herewith ('Related
     Agreements'),  and  including,  but not limited  to, a Dispute  based on or
     arising from an alleged tort, shall at the request of any party be resolved
     by binding arbitration in accordance with the applicable  arbitration rules
     of  the  American  Arbitration   Association  (the  'Administrator").   The
     provisions  of this  arbitration  clause  shall  survive  any  termination,
     amendment,  or  expiration  of this  agreement or Related  Agreements.  The
     provisions of this arbitration clause shall supersede any prior arbitration
     agreement between or among the parties.

     (b) The  arbitration  proceedings  shall be  conducted  in a city  mutually
     agreed  by the  parties.  Absent  such an  agreement,  arbitration  will be
     conducted in Salt Lake City,  Utah or such other place as may be determined
     by the Administrator. The Administrator and the arbitrators) shall have the
     authority  to the extent  practicable  to take any  action to  require  the
     arbitration  proceeding to be completed and the arbitrators)'  award issued
     within 150 days of the filing of the Dispute  with the  Administrator.  The
     arbitrators) shall have the authority to impose sanctions on any party that
     fails to comply  with time  periods  imposed  by the  Administrator  or the

                                       5
<PAGE>

     arbitrators), including the sanction of summarily dismissing any Dispute or
     defense  with  prejudice.  The  arbitrators)  shall have the  authority  to
     resolve any Dispute regarding the terms of this agreement, this arbitration
     clause, or Related Agreements, including any claim or controversy regarding
     the arbitrability of any Dispute. All limitations periods applicable to any
     Dispute or  defense,  whether by statute or  agreement,  shall apply to any
     arbitration  proceeding  hereunder  and the  arbitrators)  shall  have  the
     authority  to  decide  whether  any  Dispute  or  defense  is  barred  by a
     limitations  period and, if so, to summarily enter an award  dismissing any
     Dispute or defense on that basis. The doctrines of compulsory counterclaim,
     res  judicata,  and  collateral  estoppel  shall  apply to any  arbitration
     proceeding  hereunder so that a party must state as a  counterclaim  in the
     arbitration  proceeding  any claim or  controversy  which arises out of the
     transaction or occurrence  that is the subject  matter of the Dispute.  The
     arbitrators) may in the arbitrators)'  discretion and at the request of any
     party: (1) consolidate in a single  arbitration  proceeding any other claim
     arising  out of the  same  transaction  involving  another  party  to  that
     transaction  that is bound by an  arbitration  clause with Lender,  such as
     borrowers,   guarantors,  sureties,  and  owners  of  collateral;  and  (2)
     consolidate or administer multiple arbitration claims or controversies as a
     class  action  in  accordance  with Rule 23 of the  Federal  Rules of Civil
     Procedure.

     (c)The  arbitrators)  shall be selected in accordance with the rules of the
     Administrator  from  panels  maintained  by  the  Administrator.  A  single
     arbitrator shall have expertise in the subject matter of the Dispute. Where
     three arbitrators conduct an arbitration  proceeding,  the Dispute shall be
     decided by a majority vote of the three  arbitrators,  at least one of whom
     must have  expertise in the subject  matter of the Dispute and at least one
     of whom must be a practicing attorney.  The arbitrators) shall award to the
     prevailing party recovery of all costs and fees (including  attorneys' fees
     and costs,  arbitration  administration  fees and costs, and  arbitrators)'
     fees).  The  arbitrators),  either  during the pendency of the  arbitration
     proceeding or as part of the arbitration  award, also may grant provisional
     or ancillary  remedies  including but not limited to an award of injunctive
     relief, foreclosure,  sequestration,  attachment, replevin, garnishment, or
     the appointment of a receiver.

     (d)Judgement  upon an arbitration  award may be entered in any court having
     jurisdiction, subject to the following limitation: the arbitration award is
     binding  upon the parties  only if the amount does not exceed Four  Million
     Dollars ($4,000,000.00);  if the award exceeds that limit, either party may
     demand  the right to a court  trial.  Such a demand  must be filed with the
     Administrator within thirty (30) days following the date of the arbitration
     award;  if such a demand is not made with that time  period,  the amount of
     the arbitration award shall be binding. The computation of the total amount
     of an arbitration  award shall include  amounts awarded for attorneys' fees
     and costs,  arbitration  administration  fees and costs, and  arbitrators)'
     fees.

                                       6
<PAGE>

     (e)No provision of this arbitration  clause, nor the exercise of any rights
     hereunder,  shall  limit  the  right of any party  to:  (1)  judicially  or
     non-judicially  foreclose against any real or personal property  collateral
     or other  security;  (2) exercise  self-help  remedies,  including  but not
     limited to  repossession  and  setoff  rights;  or (3) obtain  from a court
     having  jurisdiction   thereover  any  provisional  or  ancillary  remedies
     including 6ut not limited to injunctive relief, foreclosure, sequestration,
     attachment,  replevin,  garnishment, or the appointment of a receiver. Such
     rights  can be  exercised  at any time,  before or after  initiation  of an
     arbitration proceeding, except to the extent such action is contrary to the
     arbitration  award.  The  exercise of such rights  shall not  constitute  a
     waiver of the right to submit any Dispute to arbitration,  and any claim or
     controversy related to the exercise of such rights shall be a Dispute to be
     resolved under the  provisions of this  arbitration  clause.  Any party may
     initiate  arbitration  with the  Administrator.  If any  party  desires  to
     arbitrate  a  Dispute   asserted   against   such  party  in  a  complaint,
     counterclaim,  cross-claim,  or  third-party  complaint  thereto,  or in an
     answer  or other  reply to any  such  pleading,  such  party  must  make an
     appropriate motion to the trial court seeking to compel arbitration,  which
     motion  must be filed  with the  court  within  45 days of  service  of the
     pleading, or amendment thereto,  setting forth such Dispute. If arbitration
     is compelled  after  commencement  of  litigation  of a Dispute,  the party
     obtaining an order compelling  arbitration  shall commence  arbitration and
     pay the  Administrator's  filing fees and costs  within 45 days of entry of
     such order.  Failure to do so shall constitute an agreement to proceed with
     litigation  and  waiver  of the  right  to  arbitrate.  In any  arbitration
     commenced by a consumer regarding a consumer Dispute,  Lender shall pay one
     half of the Administrator's filing fee, up to $250.

     (f)Notwithstanding  the  applicability  of any other law to this agreement,
     the arbitration clause, or Related Agreements between or among the parties,
     the Federal Arbitration Act, 9 U.S.C. Section 1 et seq., shall apply to the
     construction  and  interpretation  of  this  arbitration   clause.  If  any
     provision  of  this   arbitration   clause   should  be  determined  to  be
     unenforceable, all other provisions of this arbitration clause shall remain
     in full force and effect.

SUCCESSOR INTERESTS.  The terms of this Note shall be binding upon Borrower, and
upon Borrower's heirs,  personal  representatives,  successors and assigns,  and
shall inure to the benefit of Lender and its successors and assigns.

                                       7
<PAGE>

NOTIFY US OF INACCURATE  INFORMATION WE REPORT TO CONSUMER REPORTING  AGENCIES..
Please notify us if we report any inaccurate  information  about your account(s)
to a consumer  reporting  agency.  Your written  notice  describing the specific
inaccuracy(ies)  should  be sent to us at the  following  address:  ZIONS  FIRST
NATIONAL BANK, LOGAN COMMERCIAL BANKING CENTER, 460 NORTH MAIN STREET, LOGAN, UT
84321

GENERAL  PROVISIONS.  Lender may delay or forgo  enforcing  any of its rights or
remedies under this Note without losing them.  Borrower and any other person who
signs,  guarantees or endorses this Note,  to the extent  allowed by law,  waive
presentment,  demand for payment, and notice of dishonor. Upon any change in the
terms of this Note, and unless otherwise  expressly stated in writing,  no party
who signs  this  Note,  whether  as  maker,  guarantor,  accommodation  maker or
endorser,  shall be released from liability.  All such parties agree that Lender
may renew or extend (repeatedly and for any length of time) this loan or release
any party or guarantor or collateral; or impair, fail to realize upon or perfect
Lender's security  interest in the collateral;  and take any other action deemed
necessary by Lender without the consent of or notice to anyone. All such parties
also agree that Lender may modify this loan  without the consent of or notice to
anyone other than the party with whom the  modification is made. The obligations
under this Note are joint and several.

PRIOR TO SIGNING THIS NOTE,  BORROWER READ AND  UNDERSTOOD ALL THE PROVISIONS OF
THIS NOTE,  INCLUDING THE VARIABLE INTEREST RATE PROVISIONS.  BORROWER AGREES TO
THE TERMS OF THE NOTE.

BORROWER  ACKNOWLEDGES  RECEIPT OF A  COMPLETED  COPY OF THIS  PROMISSORY  NOTE.
BORROWER:

NACO INDUSTRIES, INC.

By:
   -----------------
   W MICHAEL HOPKINS,
   President of NACO INDUSTRIES, INC.

                                       8BUSINESS LOAN AGREEMENT (ASSET BASED)

References  in the shaded  area are for  Lender's  use only and do not limit the
applicability of this document to any particular loan or item.

Any item above containing "***" has been omitted due to text length limitations.

Borrower:  NACO INDUSTRIES, INC.    Lender: ZIONS FIRST NATIONAL BANK
           395 WEST 1400 NORTH              LOGAN COMMERCIAL BANKING CENTER
           LOGAN, UT 84341                  460 NORTH MAIN STREET
                                            LOGAN, UT 84321

THIS BUSINESS LOAN  AGREEMENT  (ASSET BASED) dated October 31, 2001, is made and
executed  between NACO  INDUSTRIES,  INC.  ("Borrower") and ZIONS FIRST NATIONAL
BANK  ('Lender') on the following  terms and  conditions.  Borrower has received
prior  commercial  loans from Lender or has  applied to Lender for a  commercial
loan or loans or other  financial  accommodations,  including those which may be
described  on any  exhibit or  schedule  attached  to this  Agreement  ("Loan').
Borrower  understands and agrees that: (A) in granting,  renewing,  or extending
any Loan,  Lender Is relying upon Borrower's  representations,  warranties,  and
agreements as set forth in this  Agreement,  and (B) all such Loans shall be and
remain subject to the terms and conditions of this Agreement.

TERM.  This  Agreement  shall be  effective  as of October 31,  2001,  and shall
continue in full force and effect until such time as all of Borrower's  Loans in
favor of Lender have been paid in full,  including principal,  interest,  costs,
expenses, attorneys' fees, and other fees and charges, or until such time as the
parties may agree in writing to terminate this Agreement.

LINE OF CREDIT.  Lender  agrees to make  Advances to Borrower  from time to time
from the date of this Agreement to the Expiration  Date,  provided the aggregate
amount of such  Advances  outstanding  at any time does not exceed the Borrowing
Base.  Within the  foregoing  limits,  Borrower may borrow,  partially or wholly
prepay, and reborrow under this Agreement as follows:

      Conditions  Precedent to Each  Advance.  Lender's  obligation  to make any
      Advance to or for the account of Borrower  under this Agreement is subject
      to the following conditions  precedent,  with all documents,  instruments,
      opinions,  reports, and other items required under this Agreement to be in
      form and substance satisfactory to Lender:

             (1) Lender shall have received evidence that this Agreement and all
             Related  Documents  have  been  duly  authorized,   executed,   and
             delivered by Borrower to Lender.

             (2) Lender  shall  have   received   such   opinions  of   counsel,
             supplemental opinions, and documents as Lender may request.

             (3) The security  interests in the Collateral  shall have been duly
             authorized,  created,  and  perfected  with first lien priority and
             shall be in full force and effect.

             (4) All guaranties required by Lender for the credit  facility(ies)
             shall have been  executed by each  Guarantor,  delivered to Lender,
             and be in full force and effect.

                                       1
<PAGE>

             (5) Lender,   at its  option and for its sole  benefit,  shall have
             conducted  an  audit  of  Borrower's  Accounts,  Inventory,  books,
             records, and operations,  and Lender shall be satisfied as to their
             condition.

             (6) Borrower   shall  have paid to  Lender  all  fees,  costs,  and
             expenses  specified in this Agreement and the Related  Documents as
             are then due and payable.

             (7) There  shall not exist at the time of any  Advance a  condition
             which would  constitute an Event of Default  under this  Agreement,
             and  Borrower,  shall  have  delivered  to  Lender  the  compliance
             certificate  called for in the paragraph  below titled  'Compliance
             Certificate."

      Making Loan  Advances.  Advances  under this credit  facility,  as well as
      directions for payment from Borrower's  accounts,  may be requested orally
      or in writing by  authorized  persons.  Lender may, but need not,  require
      that all oral  requests be  confirmed in writing.  Each  Advance  shall be
      conclusively  deemed  to  have  been  made at the  request  of and for the
      benefit of Borrower (1) when credited to any deposit,, account of Borrower
      maintained  with  Lender  or (2)  when  advanced  in  accordance  with the
      instructions of an authorized  person.  Lender,  at its option,  may set a
      cutoff time,  after which all  requests  for  Advances  will be treated as
      having been requested on the next succeeding Business Day.

      Mandatory Loan Repayments.  If at any time the aggregate  principal amount
      of the  outstanding  Advances shall exceed the applicable  Borrowing Base,
      Borrower,  immediately upon written or oral notice from Lender,  shall pay
      to  Lender an  amount  equal to the  difference  between  the  outstanding
      principal  balance  of  the  Advances  and  the  Borrowing  Base.  On  the
      Expiration Date, Borrower shall pay to Lender in full the aggregate unpaid
      principal  amount of all Advances then  outstanding and all accrued unpaid
      interest,  together with all other, applicable fees, costs and charges, if
      any, not yet paid.

      Loan  Account.  Lender shall  maintain on its books a record of account in
      which Lender shall make entries for each Advance and such other debits and
      credits as shall be  appropriate in connection  with the credit  facility.
      Lender shall  provide  Borrower  with  periodic  statements  of Borrower's
      account,   which   statements  shall  be  considered  to  be  correct  and
      conclusively  binding on Borrower unless  Borrower  notifies Lender to the
      contrary  within  thirty  (30) days after  Borrower's  receipt of any such
      statement which Borrower deems to be incorrect.

COLLATERAL.  To secure payment of the Primary Credit Facility and performance of
all other Loan, obligations and duties owed by Borrower to Lender, Borrower (and
others,  if required) shall grant to Lender Security  Interests in such property
and assets as Lender may require.  Lender's Security Interests in the Collateral
shall be  continuing  liens and shall  include the  proceeds and products of the
Collateral,  including without'  limitation the proceeds of any insurance.  With
respect to the  Collateral,  Borrower  agrees and  represents  and  warrants  to
Lender:

      Perfection of Security  Interests.  Borrower  agrees to execute  financing
      statements and all documents  perfecting Lender's Security Interest and to
      take  whatever  other  actions  are  requested  by Lender to  perfect  and
      continue  Lender's Security  Interests in the Collateral.  Upo7 request of
      Lender,  Borrower  will  deliver  to Lender  any and all of the  documents
      evidencing  or  constituting  the  Collateral,  and  Borrower  will,  note
      Lender's  interest upon any and all chattel paper and  instruments  if not
      delivered  to Lender for  possession  by Lender  Contemporaneous  with the
      execution  of this  Agreement,  Borrower  will  execute  one or  more  UCC
      financing  statements  and any  similar  statements  as may be required by

                                       2
<PAGE>

      applicable  law, and Lender will file such  financing  statements  and all
      such similar statements in the appropriate location or locations. Borrower
      hereby appoints Lender as its irrevocable attorney-in-fact for the purpose
      of  executing  any  documents  necessary  to  perfect or to  continue  any
      Security   Interest.   Lender  may  at  any  time,  and  without   further
      authorization  from Borrower,  file a carbon,  photograph,  facsimile,  or
      other  reproduction  of any  financing  statement  for use as a  financing
      statement.  Borrower  will  reimburse  Lender  for  all  expenses  for the
      perfection,  termination,  and  the  continuation  of  the  perfection  of
      Lender's  security  interest in the  Collateral.  Borrower  promptly  will
      notify Lender before any change in Borrower's name including any change to
      the assumed business names of Borrower. Borrower also promptly will notify
      Lender before any change in Borrower's  Social Security Number or Employer
      Identification Number. Borrower further agrees to notify Lender in writing
      prior   to   any   change   in   address   or   location   of   Borrower's
      principal.governance  office or should Borrower merge or consolidate  with
      any other entity.

      Collateral  Records.  Borrower does now, and at all times hereafter shall,
      keep correct and accurate records of the Collateral,  all of which records
      shall be  available to Lender or Lender's  representative  upon demand for
      inspection  and  copying  at any  reasonable  time.  With  respect  to the
      Accounts,  Borrower agrees to keep and maintain such records as Lender may
      require,  including without  limitation  information  concerning  Eligible
      Accounts  and Account  balances  and agings.  Records  related to Accounts
      (Receivables)  are or will be located at. With  respect to the  Inventory,
      Borrower  agrees to keep and maintain  such records as Lender may require,
      including without limitation information concerning Eligible Inventory and
      records itemizing and describing the kind, type, quality,  and quantity of
      Inventory,  Borrower's  Inventory costs and selling prices,  and the daily
      withdrawals  and additions to Inventory.  Records related to Inventory are
      or will be located at . The above is an accurate and complete  list of all
      locations at which Borrower keeps or maintains business records concerning
      Borrower's collateral.

      Collateral Schedules. Concurrently with the execution and delivery of this
      Agreement,  Borrower  shall  execute  and deliver to Lender  schedules  of
      Accounts and  Inventory  and  schedules of Eligible  Accounts and Eligible
      Inventory in form and  substance  satisfactory  to the Lender.  Thereafter
      supplemental  schedules  shall be  delivered  according  to the  following
      schedule: With respect to Eligible Accounts,  schedules shall be delivered
      Every 30 days.

      Representations and Warranties  Concerning  Accounts.  With respect to the
      Accounts,  Borrower  represents  and warrants to Lender:  (1) Each Account
      represented  by Borrower to be an  Eligible  Account for  purposes of this
      Agreement  conforms to the  requirements  of the definition of an Eligible
      Account;  (2) All Account  information  listed on  schedules  delivered to
      Lender will be true and correct,  subject to immaterial variance;  and (3)
      Lender,  its  assigns,  or agents  shall have the right at any time and at
      Borrower's expense to inspect,  examine,  and audit Borrower's records and
      to confirm with Account Debtors the accuracy of such Accounts.

      Representations and Warranties Concerning  Inventory.  With respect to the
      Inventory,  Borrower  represents and warrants to Lender: (1) All Inventory
      represented  by  Borrower to be Eligible  Inventory  for  purposes of this
      Agreement  conforms  to the  requirements  of the  definition  of Eligible
      Inventory;  (2) All  Inventory  values  listed on  schedules  delivered to
      Lender will be true and correct,  subject to immaterial variance;  (3) The
      value of the  Inventory  will be  determined  on a  consistent  accounting

                                       3
<PAGE>

      basis;  (4) Except as agreed to the  contrary  by Lender in  writing,  all
      Eligible Inventory is now and at all times hereafter will be in Borrower's
      physical  possession and shall not be held by others on consignment,  sale
      on approval,  or sale or return;  (5) Except as reflected in the Inventory
      schedules  delivered to Lender,  all Eligible  Inventory is now and at all
      times  hereafter  will be of good  and  merchantable  quality,  free  from
      defects;  (6)  Eligible  Inventory  is not now and  will  not at any  time
      hereafter be stored with a bailee, warehouseman,  or similar party without
      Lender's  prior  written  consent,  and,  in  such  event,  Borrower  will
      concurrently at the time of bailment cause any such bailee,  warehouseman,
      or similar  party to issue and deliver to Lender,  in form  acceptable  to
      Lender,  warehouse  receipts  in Lender  name  evidencing  the  storage of
      Inventory;  and (7) Lender, its assigns, or agents shall have the right at
      any time and at  Borrower's  expense to inspect and examine the  Inventory
      and to  check  and  test  the same as to  quality,  quantity,  value,  and
      condition.

      Remittance  Account.  Borrower  agrees that Lender may at any time require
      Borrower to institute  procedures  whereby the payments and other proceeds
      of the Accounts  shall be paid by the Account  Debtors  under a remittance
      account or lock box  arrangement  with Lender,  or Lender's agent, or with
      one or more financial institutions  designated by Lender. Borrower further
      agrees that, if no Event of Default exists under this  Agreement,  any and
      all of such funds  received  under such a  remittance  account or lock box
      arrangement shall, at Lender's sole election and discretion, either be (1)
      paid or turned over to Borrower;  (2) deposited  into one or more accounts
      for the benefit of Borrower (which deposit  accounts shall be subject to a
      security  assignment in favor of Lender);  (3) deposited  into one or more
      accounts  for the joint  benefit of  Borrower  and Lender  (which  deposit
      accounts  shall  likewise be subject to a security  assignment in favor of
      Lender);  (4)  paid  or  turned  over  to  Lender  to be  applied  to  the
      Indebtedness in such order and priority as Lender may determine within its
      sole  discretion;  or (5) any combination of the foregoing as Lender shall
      determine from time to time.  Borrower further agrees that,  should one or
      more  Events of Default  exist,  any and all funds  received  under such a
      remittance account or lock box arrangement shall be paid or turned over to
      Lender to be applied to the Indebtedness, again in such order and priority
      as Lender may determine within its sole discretion.

CONDITIONS  PRECEDENT TO EACH ADVANCE.  Lender's  obligation to make the initial
Advance and each subsequent Advance under this Agreement shall be subject to the
fulfillment to Lender's  satisfaction of all of the conditions set forth in this
Agreement and in the Related

Documents.

      Loan Documents.  Borrower shall provide to Lender the following  documents
      for the Loan:  fl) the Note;  (2) Security  Agreements  granting to Lender
      security  interests in the  Collateral;  (3) financing  statements and all
      other documents  perfecting Lender's Security  Interests;  (4) evidence of
      insurance as required below;  (5)  guaranties;  (6) together with all such
      Related  Documents  as Lender may  require  for the Loan;  all in form and
      substance satisfactory to Lender and Lender's counsel.

      Borrower's  Authorization.  Borrower  shall  have  provided  in  form  and
      substance  satisfactory to Lender  properly  certified  resolutions,  duly
      authorizing the execution and delivery of this Agreement, the Note and the
      Related  Documents.  In addition,  Borrower shall have provided such other
      resolutions,  authorizations,  documents and  instruments as Lender or its
      counsel, may require.

      Fees and Expenses Under This Agreement. Borrower shall have paid to Lender
      all fees, costs, and expenses  specified in this Agreement and the Related
      Documents as are then due and payable.

                                       4
<PAGE>

      Representations  and Warranties.  The  representations  and warranties set
      forth in this Agreement, in the Related Documents,  and in any document or
      certificate delivered to Lender under this Agreement are true and correct.

      No Event of  Default.  There  shall not exist at the time of any Advance a
      condition which would  constitute an Event of Default under this Agreement
      or under any Related Document.

REPRESENTATIONS  AND WARRANTIES.  Borrower represents and warrants to Lender, as
of the  date of this  Agreement,  as of the  date of each  disbursement  of loan
proceeds, as of the date of any renewal,  extension or modification of any Loan,
and at all times any Indebtedness exists:

      Organization.  Borrower is a  corporation  for profit which is, and at all
      times shall be, duly  organized,  validly  existing,  and in good standing
      under and by virtue  of the laws of the  State of Utah.  Borrower  is duly
      authorized to transact  business in all other states in which  Borrower is
      doing  business,  having  obtained  all  necessary  filings,  governmental
      licenses and approvals for each state in which Borrower is doing business.
      Specifically,  Borrower is, and at all times shall be, duly qualified as a
      foreign corporation in all states in which the failure to so qualify would
      have a material  adverse  effect on its business or  financial  condition.
      Borrower  has the full power and  authority to own its  properties  and to
      transact  the  business  in which it is  presently  engaged  or  presently
      proposes to engage.  Borrower  maintains an office at 395 WEST 1400 NORTH,
      LOGAN, UT 84341. Unless Borrower has designated  otherwise in writing, the
      principal  office  is the  office  at which  Borrower  keeps its books and
      records  including its records  concerning the  Collateral.  Borrower will
      notify Lender prior to any change in the location of  Borrower's  state of
      organization  or any  change in  Borrower's  name.  Borrower  shall do all
      things  necessary  to  preserve  and to keep in full  force and effect its
      existence,  rights and privileges,  and shall comply with all regulations,
      rules,  ordinances,  statutes,  orders and decrees of any  governmental or
      quasi-governmental   authority  or  court   applicable   to  Borrower  and
      Borrower's business activities.

      Assumed  Business  Names.  Borrower has filed or recorded all documents or
      filings  required by law  relating to all assumed  business  names used by
      Borrower. Excluding the name of Borrower, the following is a complete list
      of all assumed business names under which Borrower does business:

Borrower               Assumed Business Name              Filing Location   Date
--------               ---------------------              ---------------   ----
NACO INDUSTRIES, INC.  CALIFORNIA NACO INDUSTRIES, INC.

      Authorization.  Borrower's  execution,  delivery,  and performance of this
      Agreement and all the Related  Documents have been duly  authorized by all
      necessary  action  by  Borrower  and do not  conflict  with,  result  in a
      violation  of,  or  constitute  a  default  under  (1)  any  provision  of
      Borrower's  articles of incorporation or organization,  or bylaws,  or any
      agreement  or  other  instrument  binding  upon  Borrower  or (2) any law,
      governmental regulation,  court decree, or order applicable to Borrower or
      to Borrower's properties.

                                       5
<PAGE>

      Financial Information. Each of Borrower's financial statements supplied to
      Lender truly and completely disclosed Borrower's financial condition as of
      the date of the statement,  and there has been no material  adverse change
      in  Borrower's  financial  condition  subsequent  to the  date of the most
      recent financial  statement  supplied to Lender.  Borrower has no material
      contingent obligations except as disclosed in such financial statements.

      Legal Effect. This Agreement constitutes,  and any instrument or agreement
      Borrower is  required to give under this  Agreement  when  delivered  will
      constitute legal, valid, and binding  obligations of Borrower  enforceable
      against Borrower in accordance with their respective terms.

      Properties.  Except as  contemplated  by this  Agreement or as  previously
      disclosed in Borrower's  financial  statements or in writing to Lender and
      as accepted  by Lender,  and except for  property  tax liens for taxes not
      presently  due and  payable,  Borrower  owns and has good  title to all of
      Borrower's  properties free and clear of all Security  Interests,  and has
      not executed any security  documents or financing  statements  relating to
      such  properties.  All of Borrower's  properties  are titled in Borrower's
      legal name, and Borrower has not used or filed a financing statement under
      any other name for at least the last five (5) years.

      Hazardous Substances. Except as disclosed to and acknowledged by Lender in
      writing,  Borrower  represents and warrants that: (1) During the period of
      Borrower's  ownership  of  Borrower's  Collateral,  there has been no use,
      generation,   manufacture,   storage,  treatment,   disposal,  release  or
      threatened  release of any  Hazardous  Substance by any person on,  under,
      about or from any of the Collateral.  (2) Borrower has no knowledge of, or
      reason to believe  that there has been (a) any breach or  violation of any
      Environmental  Laws;  (b)  any  use,  generation,   manufacture,  storage,
      treatment,  disposal,  release  or  threatened  release  of any  Hazardous
      Substance on, under,  about or from the  Collateral by any prior owners or
      occupants  of any of the  Collateral;  or (c)  any  actual  or  threatened
      litigation  or claims of any kind by any person  relating to such matters.
      (3) Neither Borrower nor any tenant, contractor, agent or other authorized
      user of any of the Collateral  shall use,  generate,  manufacture,  store,
      treat,  dispose of or release any Hazardous  Substance on, under, about or
      from any of the  Collateral;  and any such activity  shall be conducted in
      compliance   with  all  applicable   federal,   state,   and  local  laws,
      regulations,   and   ordinances,    including   without   limitation   all
      Environmental  Laws.  Borrower  authorizes  Lender and its agents to enter
      upon the Collateral to make such  inspections and tests as Lender may deem
      appropriate to determine compliance of the Collateral with this section of
      the  Agreement.  Any  inspections  or  tests  made by  Lender  shall be at
      Borrower's  expense  and for  Lender's  purposes  only  and  shall  not be
      construed to create any  responsibility or liability on the part of Lender
      to Borrower or to any other person.  The  representations  and  warranties
      contained  herein are based on Borrower's  due diligence in  investigating
      the  Collateral  for hazardous  waste and Hazardous  Substances.  Borrower
      hereby  (1)  releases  and waives any  future  claims  against  Lender for
      indemnity or contribution in the event Borrower becomes liable for cleanup
      or other costs under any such laws,  and (2) agrees to indemnify  and hold
      harmless Lender against any and all claims, losses, liabilities,  damages,
      penalties, and expenses which Lender may directly or indirectly sustain or
      suffer  resulting  from a breach of this section of the  Agreement or as a
      consequence  of  any  use,  generation,  manufacture,  storage,  disposal,
      release or  threatened  release of a hazardous  waste or  substance on the
      Collateral. The provisions of this section of the Agreement, including the
      obligation to indemnify, shall survive the payment of the Indebtedness and
      the  termination,  expiration or  satisfaction of this Agreement and shall
      not be  affected  by Lender's  acquisition  of any  interest in any of the
      Collateral, whether by foreclosure or otherwise.

                                       6
<PAGE>

      Litigation and Claims. No litigation, claim, investigation, administrative
      proceeding or similar  action  (including  those for unpaid taxes) against
      Borrower is pending or  threatened,  and no other event has occurred which
      may  materially   adversely  affect  Borrower's   financial  condition  or
      properties,  other than litigation,  claims, or other events, if any, that
      have been disclosed to and acknowledged by Lender in writing.

      Taxes. To the best of Borrower's knowledge,  all of Borrower's tax returns
      and reports that are or were  required to be filed,  have been filed,  and
      all taxes,  assessments and other  governmental  charges have been paid in
      full,  except those presently being or to be contested by Borrower in good
      faith in the ordinary  course of business and for which adequate  reserves
      have been provided.

      Lien Priority. Unless otherwise previously disclosed to Lender in writing,
      Borrower  has not entered  into or granted  any  Security  Agreements,  or
      permitted  the  filing  or  attachment  of any  Security  Interests  on or
      affecting any of the Collateral  directly or indirectly securing repayment
      of Borrower's Loan and Note, that would be prior or that may in any way be
      superior  to  Lender's  Security  Interests  and  rights  in and  to  such
      Collateral.

      Binding  Effect.  This  Agreement,  the Note, all Security  Agreements (if
      any), and all Related  Documents are binding upon the signers thereof,  as
      well  as upon  their  successors,  representatives  and  assigns,  and are
      legally enforceable in accordance with their respective terms.

AFFIRMATIVE  COVENANTS.  Borrower covenants and agrees with Lender that, so long
as this Agreement remains in effect, Borrower will:

      Notices of Claims and Litigation. Promptly inform Lender in writing of (1)
      all material adverse changes in Borrower's  financial  condition,  and (2)
      all  existing  and  all  threatened  litigation,  claims,  investigations,
      administrative  proceedings or similar actions  affecting  Borrower o, any
      Guarantor  which  could  materially  affect  the  financial  condition  of
      Borrower or the financial condition of any Guarantor.

      Financial Records. Maintain its books and records in accordance with GAAP,
      applied on a  consistent  basis,  and permit  Lender to examine  and audit
      Borrower's books and records at all reasonable times.

      Financial Statements. Furnish Lender with the following:

          Annual  Statements.  As soon as available,  but in no event later than
          one-hundred-twenty  (120)  days  after  the end of each  fiscal  year.
          Borrower's  balance  sheet and income  statement  for the year  ended,
          audited by a certified public accountant satisfactory to Lender.

          Interim Statements.  As soon as available,  but in no event later than
          45 days after the end of each fiscal quarter, Borrower's balance sheet
          and profit and loss  statement  for the period  ended,  reviewed  by a
          certified public accountant satisfactory to Lender.

                                       7
<PAGE>

          Tax Returns.  As soon as available,  but in no event later than 7 days
          after the applicable filing date for the tax reporting period ended.

          Federal and other governmental tax returns, prepared by Borrower.

      All financial  reports  required to be provided under this Agreement shall
      be prepared in accordance with GAAP,  applied on a consistent  basis,  and
      certified by Borrower as being true and correct.

      Additional   Information.   Furnish  such   additional   information   and
      statements, as Lender may request from time to time.

      Insurance.  Maintain  fire and  other  risk  insurance,  public  liability
      insurance,  and such other insurance as Lender may require with respect to
      Borrower's properties and operations, in form, amounts, coverages and with
      insurance  companies  acceptable  to  Lender.  Borrower,  upon  request of
      Lender,  will  deliver  to  Lender  from  time to  time  the  policies  or
      certificates  of  insurance  in form  satisfactory  to  Lender,  including
      stipulations that coverages will not be cancelled or diminished without at
      least ten (1 0) days prior written notice to Lender. Each insurance policy
      also shall  include an  endorsement  providing  that  coverage in favor of
      Lender will not be impaired in any way by any act,  omission or default of
      Borrower or any other  person.  In connection  with all policies  covering
      assets in which  Lender  holds or is offered a security  interest  for the
      Loans,  Borrower  will provide  Lender with such  lender's loss payable or
      other endorsements as Lender may require.

      Insurance Reports.  Furnish to Lender, upon request of Lender,  reports on
      each existing  insurance  policy  showing such  information  as Lender may
      reasonably  request,  including without limitation the following:  (1) the
      name of the insurer;  (2) the risks insured; (3) the amount of the policy;
      (4) the properties  insured;  (5) the then current  property values on the
      basis of which insurance has been obtained,  and the manner of determining
      those values; and (6) the expiration date of the policy. In addition, upon

                                       8
<PAGE>

      request of Lender  (however not more often than  annually),  Borrower will
      have  an  independent  appraiser  satisfactory  to  Lender  determine,  as
      applicable,  the actual cash value or replacement  cost of any Collateral.
      The cost of such appraisal shall be paid by Borrower.

      Guaranties.  Prior to disbursement of any Loan proceeds,  furnish executed
      guaranties  of the Loans in favor of  Lender,  executed  by the  guarantor
      named below, on Lender's forms, and in the amount and under the conditions
      set forth in those guaranties.

              Name of Guarantor Amount VERNE E. BRAY $1,200,000.00
              ----------------- ------

      Other  Agreements.  Comply  with all  terms  and  conditions  of all other
      agreements,  whether now or hereafter  existing,  between Borrower and any
      other  party and notify  Lender  immediately  in writing of any default in
      connection with any other such agreements.

      Loan  Proceeds.  Use all Loan  proceeds  solely  for  Borrower's  business
      operations,  unless  specifically  consented  to the contrary by Lender in
      writing.

      Taxes,   Charges  and  Uen3.  Pay  and  discharge  when  due  all  of  its
      indebtedness   and   obligations,   including   without   limitation   all
      assessments,  taxes, governmental charges, levies and liens, of every kind
      and nature,  imposed upon Borrower or its properties,  income, or profits,
      prior to the date on which penalties  would attach,  and all lawful claims
      that,  if unpaid,  might  become a lien or charge  upon any of  Borrower's
      properties, income, or profits.

      Performance.  Perform  and  comply,  in a timely  manner,  with all terms,
      conditions,  and  provisions set forth in this  Agreement,  in the Related
      Documents,  and in all other  instruments and agreements  between Borrower
      and Lender.  Borrower  shall notify Lender  immediately  in writing of any
      default in connection with any agreement.

                                       9
<PAGE>

      Operations. Maintain executive and management personnel with substantially
      the same  qualifications  and  experience  as the  present  executive  and
      management  personnel;  provide  written notice to Lender of any change in
      executive  and  management  personnel;  conduct its business  affairs in a
      reasonable and prudent manner.

      Environmental  Studies.  Promptly  conduct  and  complete,  at  Borrower's
      expense, all such investigations,  studies,  samplings and testings as may
      be  requested  by Lender or any  governmental  authority  relative  to any
      substance, or any waste or by-product of any substance defined as toxic or
      a hazardous substance under applicable federal, state, or local law, rule,
      regulation,  order or  directive,  at or  affecting  any  property  or any
      facility owned, leased or used by Borrower.

      Compliance  with   Governmental   Requirements.   Comply  with  all  laws,
      ordinances,   and  regulations,   now  or  hereafter  in  effect,  of  all
      governmental   authorities   applicable   to  the  conduct  of  Borrower's
      properties,  businesses and operations, and to the use or occupancy of the
      Collateral,  including without limitation, the Americans With Disabilities
      Act.  Borrower  may  contest  in good  faith any such law,  ordinance,  or
      regulation  and  withhold  compliance  during  any  proceeding,  including
      appropriate  appeals,  so long as Borrower has notified  Lender in writing
      prior to  doing so and so long as,  in  Lender's  sole  opinion,  Lender's
      interests  in the  Collateral  are not  jeopardized.  Lender  may  require
      Borrower  to  post  adequate   security  or  a  surety  bond,   reasonably
      satisfactory to Lender, to protect Lender's interest.

      Inspection. Permit employees or agents of Lender at any reasonable time to
      inspect any and all Collateral for the Loan or Loans and Borrower's  other
      properties and to examine or audit Borrower's books, accounts, and records
      and to make  copies and  memoranda  of  Borrower's  books,  accounts,  and
      records.  If Borrower now or at any time  hereafter  maintains any records
      (including  without  limitation  computer  generated  records and computer
      software programs for the generation of such records) in the possession of
      a third party,  Borrower,  upon request of Lender, shall notify such party
      to permit Lender free access to such records at all  reasonable  times and
      to  provide  Lender  with  copies of any  records it may  request,  all at
      Borrower's expense.

                                       10
<PAGE>

      Compliance  Certificates.  Unless  waived in writing  by  Lender,  provide
      Lender  within  thirty  (30)  days  after  the end of each  month,  with a
      certificate  executed by  Borrower's  chief  financial  officer,  or other
      officer   or   person   acceptable   to   Lender,   certifying   that  the
      representations  and  warranties  set forth in this Agreement are true and
      correct as of the date of the certificate and further  certifying that, as
      of the date of the  certificate,  no Event of  Default  exists  under this
      Agreement.

      Environmental  Compliance  and  Reports.  Borrower  shall  comply  in  all
      respects  with any and all  Environmental  Laws;  not  cause or  permit to
      exist, as a result of an intentional or  unintentional  action or omission
      on Borrower's  part or on the part of any third party,  on property  owned
      and/or occupied by Borrower,  any environmental  activity where damage may
      result to the environment,  unless such environmental activity is pursuant
      to and in  compliance  with  the  conditions  of a  permit  issued  by the
      appropriate  federal,  state  or  local  governmental  authorities;  shall
      furnish to Lender  promptly and in any event within thirty (30) days after
      receipt thereof a copy of any notice, summons, lien, citation,  directive,
      letter   or  other   communication   from  any   governmental   agency  or
      instrumentality  concerning  any  intentional or  unintentional  action or
      omission on Borrower's part in connection with any environmental  activity
      whether or not there is damage to the  environment  and/or  other  natural
      resources.

      Additional Assurances. Make, execute and deliver to Lender such promissory
      notes,  mortgages,  deeds  of  trust,  security  agreements,  assignments,
      financing  statements,  instruments,  documents  and other  agreements  as
      Lender or its attorneys may reasonably  request to evidence and secure the
      Loans and to perfect all Security Interests.

RECOVERY OF  ADDITIONAL  COSTS.  If the  imposition of or any change in any law,
rule,  regulation or guideline,  or the  interpretation  or  application  of any
thereof by any court or administrative or governmental  authority (including any
request or policy not  having  the force of law)  shall  impose,  modify or make
applicable any taxes (except  federal,  state or local income or franchise taxes
imposed on Lender), reserve requirements, capital adequacy requirements or other
obligations  which  would (A)  increase  the cost to  Lender  for  extending  or
maintaining the credit  facilities to which this Agreement  relates,  (B) reduce
the amounts payable to Lender under this Agreement or the Related Documents,  or
(C) reduce the rate of return on Lender's  capital as a consequence  of Lender's
obligations  with  respect to the  credit  facilities  to which  this  Agreement
relates,  then  Borrower  agrees to pay Lender such  additional  amounts as will
compensate  Lender therefor,  within five (5) days after Lender's written demand
for such payment,  which demand shall be  accompanied  by an explanation of such
imposition or charge and a calculation  in reasonable  detail of the  additional
amounts  payable  by  Borrower,  which  explanation  and  calculations  shall be
conclusive in the absence of manifest error.

LENDER'S  EXPENDITURES.  If any action or  proceeding  is  commenced  that would
materially  affect  Lender's  interest in the Collateral or if Borrower fails to
comply with any provision of this Agreement or any Related Documents,  including
but not limited to  Borrower's  failure to discharge or pay when due any amounts
Borrower is required to  discharge  or pay under this  Agreement  or any Related
Documents,  Lender on Borrower's behalf may (but shall not be obligated to) take
any  action  that  Lender  deems  appropriate,  including  but  not  limited  to
discharging or paying all taxes,  liens,  security  interests,  encumbrances and
other  claims,  at any time  levied or placed on any  Collateral  and paying all
costs  for  insuring,  maintaining  and  preserving  any  Collateral.  All  such
expenditures  incurred  or paid by  Lender  for such  purposes  will  then  bear
interest at the rate  charged  under the Note from the date  incurred or paid by
Lender to the date of  repayment by Borrower.  All such  expenses  will become a
part of the Indebtedness and, at Lender's option, will (A) be payable on demand;
(B) be added to the balance of the Note and be apportioned  among and be payable
with any  installment  payments to become due during  either (1) the term of any
applicable  insurance  policy;  or (2) the remaining term of the Note; or (C) be
treated  as a  balloon  payment  which  will be due and  payable  at the  Note's
maturity.

NEGATIVE  COVENANTS.  Borrower  covenants and agrees with Lender that while this
Agreement is in effect, Borrower shall not, without the prior written consent of
Lender:

                                       11
<PAGE>

      Indebtedness  and Lions.  (1) Except for trade debt incurred in the normal
      course  of  business  and  indebtedness  to  Lender  contemplated  by this
      Agreement,  create,  incur or  assume  indebtedness  for  borrowed  money,
      including capital leases, (2) sell, transfer,  mortgage,  assign,  pledge,
      lease,  grant a security interest in, or encumber any of Borrower's assets
      (except as allowed as Permitted  Liens),  or (3) sell with recourse any of
      Borrower's accounts, except to Lender.

      Continuity  of   Operations.   (1)  Engage  in  any  business   activities
      substantially different than those in which Borrower is presently engaged,
      (2) cease operations,  liquidate,  merge, transfer, acquire or consolidate
      with any other  entity,  change its name,  dissolve  or  transfer  or sell
      Collateral  out of the  ordinary  course  of  business,  or  (3)  pay  any
      dividends on Borrower's stock (other than dividends payable in its stock),
      provided,  however that notwithstanding the foregoing, but only so long as
      no Event of Default has  occurred and is  continuing  or would result from
      the payment of dividends,  if Borrower is a 'Subchapter S Corporation" (as
      defined in the Internal  Revenue Code of 1986,  as amended),  Borrower may
      pay cash dividends on its stock to its  shareholders  from time to time in
      amounts  necessary to enable the shareholders to pay income taxes and make
      estimated income tax payments to satisfy their  liabilities  under federal
      and state law which arise  solely from their status as  Shareholders  of a
      Subchapter  S  Corporation   because  of  their  ownership  of  shares  of
      Borrower's  stock,  or  purchase or retire any of  Borrower's  outstanding
      shares or alter or amend Borrower's capital structure.

      Loans,  Acquisitions and Guaranties.  (1) Loan, invest in or advance money
      or assets,  (2)  purchase,  create or acquire  any  interest  in any other
      enterprise or entity,  or (3) incur any  obligation as surety or guarantor
      other than in the ordinary course of business.

CESSATION OF  ADVANCES.  If Lender has made any  commitment  to make any Loan to
Borrower,  whether  under this  Agreement or under any other  agreement,  Lender
shall have no  obligation to make Loan Advances or to disburse Loan proceeds if:
(A) Borrower or any Guarantor is in default under the terms of this Agreement or
any of the  Related  Documents  or any  other  agreement  that  Borrower  or any
Guarantor  has  with  Lender;  (B)  Borrower  or  any  Guarantor  dies,  becomes

                                       12
<PAGE>

incompetent  or becomes  insolvent,  files a petition in  bankruptcy  or similar
proceedings,  or is adjudged a  bankrupt;  (C) there  occurs a material  adverse
change in Borrower's  financial  condition,  in the  financial  condition of any
Guarantor,  or in the value of any  Collateral  securing  any  Loan;  or (D) any
Guarantor seeks,  claims or otherwise  attempts to limit,  modify or revoke such
Guarantor's guaranty of the Loan or any other loan with Lender; or (El Lender in
good faith deems  itself  insecure,  even though no Event of Default  shall have
occurred.

RIGHT OF SETOFF.  To the extent  permitted by applicable  law, Lender reserves a
right of  setoff in all  Borrower's  accounts  with  Lender  (whether  checking,
savings,  or some other  account).  This  includes all accounts  Borrower  holds
jointly  with  someone  also and all  accounts  Borrower may open in the future.
However,  this does not include any IRA or Keogh accounts, or any trust accounts
for which setoff would be prohibited by law. Borrower  authorizes Lender, to the
extent  permitted by  applicable  law, to charge or setoff all sums owing on the
Indebtedness against any and all such accounts.

DEFAULT.  Each of the following shall  constitute an Event of Default under this
Agreement:

      Payment  Default.  Borrower  fails to make any payment  when due under the
      Loan.

      Other  Defaults.  Borrower  fails to comply  with or to perform  any other
      term, obligation,  covenant or condition contained in this Agreement or in
      any of the  Related  Documents  or to comply  with or to perform any term,
      obligation, covenant or condition contained in any other agreement between
      Lender and Borrower.

      Default in Favor of Third Parties.  Borrower or any Grantor defaults under
      any loan,  extension  of credit,  security  agreement,  purchase  or sales
      agreement,  or any  other  agreement,  in favor of any other  creditor  or
      person  that may  materially  affect any of  Borrower's  or any  Grantor's
      property  or  Borrower's  or any  Grantor's  ability to repay the Loans or
      perform their  respective  obligations  under this Agreement or any of the
      Related Documents.

      False  Statements.  Any  warranty,  representation  or  statement  made or
      furnished  to  Lender by  Borrower  or on  Borrower's  behalf  under  this
      Agreement or the Related  Documents is false or misleading in any material
      respect,  either now or at the time made or furnished or becomes  false or
      misleading at any time thereafter.

                                       13
<PAGE>

      Insolvency.  The  dissolution or termination of Borrower's  existence as a
      going business,  the insolvency of Borrower, the appointment of a receiver
      for any part of Borrower's  property,  any  assignment  for the benefit of
      creditors,  any  type of  creditor  workout,  or the  commencement  of any
      proceeding under any bankruptcy or insolvency laws by or against Borrower.

      Defective  Collateralization.   This  Agreement  or  any  of  the  Related
      Documents ceases to be in full force and effect (including  failure of any
      collateral  document to create a valid and perfected  security interest or
      lien) at any time and for any reason.

      Creditor  or  Forfeiture  Proceedings.   Commencement  of  foreclosure  or
      forfeiture  proceedings,   whether  by  judicial  proceeding,   self-help,
      repossession  or any other  method,  by any creditor of Borrower or by any
      governmental  agency  against  any  collateral  securing  the  Loan.  This
      includes a garnishment of any of Borrower's  accounts,  including  deposit
      accounts,  with Lender.  However, this Event of Default shall not apply if
      there  is a  good  faith  dispute  by  Borrower  as  to  the  validity  or
      reasonableness  of the  claim  which  is the  basis  of  the  creditor  or
      forfeiture  proceeding  and if Borrower gives Lender written notice of the
      creditor or  forfeiture  proceeding  and deposits  with Lender monies or a
      surety  bond for the  creditor  or  forfeiture  proceeding,  in an  amount
      determined by Lender, in its sole discretion, as being an adequate reserve
      or bond for the dispute.

                                       14
<PAGE>

      Events  Affecting  Guarantor.  Any of the  preceding  events  occurs  with
      respect to any Guarantor of any of the  Indebtedness or any Guarantor dies
      or becomes  incompetent,  or  revokes  or  disputes  the  validity  of, or
      liability  under,  any  Guaranty  of the  Indebtedness.  In the event of a
      death,  Lender,  at its option,  may, but shall not be required to, permit
      the Guarantor's estate to assume  unconditionally  the obligations arising
      under the guaranty in a manner  satisfactory to Lender,  and, in doing so,
      cure any Event of Default.

      Change in Ownership.  Any change in ownership of twenty-five percent (25%)
      or more of the common stock of Borrower.

      Adverse Change. A material  adverse change occurs in Borrower's  financial
      condition,  or Lender  believes the prospect of payment or  performance of
      the Loan is impaired.

      Insecurity. Lender in good faith believes itself insecure.

      Right to Cure. If any default,  other than a default on  Indebtedness,  is
      curable and if Borrower or Grantor, as the case may be, has not been given
      a notice of a similar default within the preceding twelve (1 2) months, it
      may be cured (and no Event of Default  will have  occurred) if Borrower or
      Grantor,  as the case may be, after  receiving  written notice from Lender
      demanding cure of such default:  (1) cure the default within fifteen (1 5)
      days;  or  (2)  if  the  cure  requires  more  than  fifteen  (1 5)  days,
      immediately  initiate steps which Lender deems in Lender's sole discretion
      to be sufficient to cure the default and thereafter  continue and complete
      all reasonable  and necessary  steps  sufficient to produce  compliance as
      soon as reasonably practical.

EFFECT OF AN EVENT OF DEFAULT. If any Event of Default shall occur, except where
otherwise provided in this Agreement or the Related  Documents,  all commitments
and  obligations of Lender under this Agreement or the Related  Documents or any
other  agreement  immediately  will terminate  (including any obligation to make
further  Loan  Advances  or   disbursements),   and,  at  Lender's  option,  all
Indebtedness  immediately will become due and payable, all without notice of any
kind to  Borrower,  except  that in the case of an Event of  Default of the type
described in the  "Insolvency'  subsection  above,  such  acceleration  shall be
automatic  and not optional.  In addition,  Lender shall have all the rights and
remedies  provided in the Related  Documents or available at law, in equity,  or
otherwise. Except as may be prohibited by applicable law, all of Lender's rights
and  remedies   shall  be  cumulative   and  may  be  exercised   singularly  or
concurrently.  Election by Lender to pursue any remedy shall not exclude pursuit
of any other remedy,  and an election to make  expenditures or to take action to
perform an obligation  of Borrower or of any Grantor  shall not affect  Lender's
right to declare a default and to exercise its rights and remedies.

                                       15
<PAGE>

INVENTORY REPORTS. Borrower shall furnish Lender with a monthly Inventory report
within  30 days of the end of each  period  in form and  content  acceptable  to
Lender.

ACCOUNTS  PAYABLE  AGING.  Borrower  shall furnish to Lender a monthly  Accounts
Payable  Aging  report  within  30  days  of the  end of  each  month  in a form
acceptable to Lender.

AUTHORIZATION TO VERIFY ACCOUNTS  RECEIVABLE.  Borrower hereby authorizes Lender
to verity its accounts  receivable  through  written and/or verbal  verification
methods at the discretion of the Lender.

WAIVER OF CLAIMS.  BORROWER  (i)  REPRESENTS  THAT THEY HAVE NO  DEFENSES  TO OR
SETOFFS  AGAINST ANY  INDEBTEDNESS OR OTHER  OBLIGATIONS  OWING TO LENDER OR ITS
AFFILIATES (THE -OBLIGATIONS-),  NOR CLAIMS AGAINST LENDER OR ITS AFFILIATES FOR
ANY MATTER WHATSOEVER, RELATED OR UNRELATED TO THE OBLIGATIONS, AND (ii) RELEASE
LENDER AND ITS AFFILIATES FROM ALL CLAIMS,  CAUSES OF ACTION,  AND COSTS, IN LAW
OR EQUITY,  EXISTING AS OF THE DATE OF THIS AGREEMENT  WHICH BORROWER HAS OR MAY
HAVE BY REASON OF ANY MATTER OF ANY  CONCEIVABLE  KIND OR CHARACTER  WHATSOEVER,
RELATED OR UNRELATED TO THE  OBLIGATIONS,  INCLUDING THE SUBJECT  MATTER OF THIS
AGREEMENT.  THIS PROVISION  SHALL NOT APPLY TO CLAIMS FOR PERFORMANCE OF EXPRESS
CONTRACTUAL OBLIGATIONS OWING TO BORROWER BY LENDER OR ITS AFFILIATES.

DEFINITION OF  INDEBTEDNESS  AND NOTE.  'Indebtedness"  and 'Note" as referenced
herein are hereby deleted in their entirety and replaced with the following:

                                       16
<PAGE>

Indebtedness.  The word "Indebtedness' means and includes without limitation all
Loans, together with all other obligations, debts and liabilities of Borrower to
Lender,  or any one or more of them,  as well as all  claims by  Lender  against
Borrower,  or any  one or more  of  them;  whether  now or  hereafter  existing,
voluntary or involuntary, due or not due, absolute or contingent,  liquidated or
unliquidated;  whether  Borrower  may be liable  individually  or  jointly  with
others; whether Borrower may be obligated as a guarantor,  surety, or otherwise;
whether recovery upon such indebtedness may be or hereafter may become barred by
any statute of limitations;  and whether such  indebtedness  may be or hereafter
may become otherwise unenforceable.

Note:  The  word  "Note"  means  and  includes  without  limitation   Borrower's
promissory note or notes,  if any,  evidencing  Borrower's  Loan  obligations in
favor of Lender,  as well as any substitute,  replacement or refinancing note or
notes therefor.

BORROWING BASE CERTIFICATE.  Borrower shall furnish to Lender a weekly Borrowing
Base  Certificate,  certified  by an  authorized  officer/employee  of Borrower,
within 5 days of the end of each week and with each advance  request,  in a form
acceptable to Lender unless Lender specifically requests otherwise in writing to
Borrower.

EARNINGS BEFORE INTEREST AND TAXES.  Borrower shall maintain a ratio of earnings
calculated  before  interest,  taxes,  depreciation  and amortization to current
portion of long term  indebtedness  plus total interest of not less than 1.80 to
1.00,  measured  quarterly,  based on the current  quarter  and the  immediately
preceding three (3) quarters.

DEBT TO EQUITY RATIO.  Borrower shall maintain a ratio of total liabilities less
subordinated debt to total equity of not more than 2.50 TO 1.00.

ACCOUNTS  RECEIVABLE AGING.  Borrower shall furnish to Lender a monthly accounts
receivable  aging  report  within  30 days of the  end of each  month  in a form
acceptable to Lender.

MISCELLANEOUS  PROVISIONS.  The following miscellaneous provisions are a part of
this Agreement:

                                       17
<PAGE>

      Amendments.   This  Agreement,   together  with  any  Related   Documents,
      constitutes  the entire  understanding  and agreement of the parties as to
      the matters set forth in this  Agreement.  - No alteration of or amendment
      to this Agreement shall be effective unless given in writing and signed by
      the party or parties  sought to be charged or bound by the  alteration  or
      amendment.

      Arbitration Disclosures.

      1.    ARBITRATION  IS FINAL AND BINDING ON THE PARTIES AND SUBJECT TO ONLY
            VERY LIMITED REVIEW BY A COURT.

      2.    IN  ARBITRATION  THE PARTIES ARE WAIVING  THEIR RIGHT TO LITIGATE IN
            COURT, INCLUDING THEIR RIGHT TO A JURY TRIAL.

      3.    DISCOVERY IN ARBITRATION IS MORE LIMITED THAN DISCOVERY IN COURT.

      4.    ARBITRATORS  ARE NOT REQUIRED TO INCLUDE  FACTUAL  FINDINGS OR LEGAL
            REASONING IN THEIR AWARDS.  THE RIGHT TO APPEAL OR SEEK MODIFICATION
            OF ARBITRATORS' RULINGS IS VERY LIMITED.

      5.    A PANEL OF  ARBITRATORS  MIGHT INCLUDE AN  ARBITRATOR  WHO IS OR WAS
            AFFILIATED WITH THE BANKING INDUSTRY.

      6.    ARBITRATION WILL APPLY TO ALL DISPUTES BETWEEN THE PARTIES, NOT JUST
            THOSE CONCERNING THE AGREEMENT.

      7.    IF YOU HAVE QUESTIONS  ABOUT  ARBITRATION,  CONSULT YOUR ATTORNEY OR
            THE AMERICAN ARBITRATION ASSOCIATION.

      (a) Any claim or controversy  ('Dispute') between or among the parties and
      their  employees,  agents,  affiliates,  and assigns,  including,  but not
      limited to, Disputes  arising out of or relating to this  agreement,  this
      arbitration provision ("arbitration clause"), or any related agreements or
      instruments  relating hereto or delivered in connection herewith ('Related
      Agreements'),  and  including,  but not limited to, a Dispute  based on or
      arising  from an  alleged  tort,  shall  at the  request  of any  party be
      resolved  by  binding   arbitration  in  accordance  with  the  applicable
      arbitration   rules  of  the   American   Arbitration   Association   (the
      'Administrator').  The provisions of this arbitration clause shall survive
      any  termination,  amendment,  or expiration of this  agreement or Related
      Agreements.  The provisions of this arbitration clause shall supersede any
      prior arbitration agreement between or among the parties.

      (b) The  arbitration  proceedings  shall be conducted  in a city  mutually
      agreed by the  parties.  Absent  such an  agreement,  arbitration  will be
      conducted in Salt Lake City, Utah or such other place as may be determined
      by the Administrator. The Administrator and the arbitrators shall have the
      authority  to the extent  practicable  to take any  action to require  the
      arbitration  proceeding to be completed and the arbitrators)' award issued
      within 1 50 days of the filing of the Dispute with the Administrator.  The
      arbitrators)  shall have the  authority  to impose  sanctions on any party
      that fails to comply with time periods imposed by the Administrator or the
      arbitrators),  including the sanction of summarily  dismissing any Dispute
      or defense with prejudice.  The  arbitrators)  shall have the authority to
      resolve  any  Dispute   regarding  the  terms  of  this  agreement,   this
      arbitration  clause,  or  Related  Agreements,   including  any  claim  or
      controversy  regarding the  arbitrability of any Dispute.  All limitations
      periods  applicable  to any  Dispute  or  defense,  whether  by statute or
      agreement,  shall apply to any  arbitration  proceeding  hereunder and the
      arbitrator(s)  shall have the  authority to decide  whether any Dispute or
      defense is barred by a limitations  period and, if so, to summarily  enter

                                       18
<PAGE>

      an award dismissing any Dispute or defense on that basis. The doctrines of
      compulsory counterclaim, res judicata, and collateral estoppel shall apply
      to any  arbitration  proceeding  hereunder so that a party must state as a
      counterclaim in the arbitration  proceeding any claim or controversy which
      arises out of the  transaction or occurrence that is the subject matter of
      the Dispute.  The arbitrators) may in the arbitrators)'  discretion and at
      the  request  of  any  party:  (1)  consolidate  in a  single  arbitration
      proceeding any other claim arising out of the same  transaction  involving
      another party to that transaction  that is bound by an arbitration  clause
      with  Lender,  such as  borrowers,  guarantors,  sureties,  and  owners of
      collateral;  and (2) consolidate or administer multiple arbitration claims
      or  controversies  as a class  action  in  accordance  with Rule 23 of the
      Federal Rules of Civil Procedure.

      (c) The arbitrators) shall be selected in accordance with the rules of the
      Administrator  from  panels  maintained  by the  Administrator.  A  single
      arbitrator  shall have  expertise  in the subject  matter of the  Dispute.
      Where three  arbitrators  conduct an arbitration  proceeding,  the Dispute
      shall be decided by a majority vote of the three arbitrators, at least one
      of whom must have  expertise  in the subject  matter of the Dispute and at
      least one of whom must be a practicing  attorney.  The arbitrators)  shall
      award to the prevailing  party  recovery of all costs and fees  (including
      attorneys' fees and costs, arbitration  administration fees and costs, and
      arbitrators)'  fees). The arbitrators),  either during the pendency of the
      arbitration proceeding or as part of the arbitration award, also may grant
      provisional or ancillary remedies including but not limited to an award of
      injunctive  relief,  foreclosure,  sequestration,   attachment,  replevin,
      garnishment, or the appointment of a receiver.

      (d) Judgement upon an arbitration award may be entered in any court having
      jurisdiction,  subject to the following limitation:  the arbitration award
      is  binding  upon the  parties  only if the amount  does not  exceed  Four
      Million Dollars  ($4,000,000.00);  if the award exceeds that limit, either
      party may demand the right to a court  trial.  Such a demand must be filed
      with the  Administrator  within thirty (30) days following the date of the
      arbitration award; if such a demand is not made with that time period, the
      amount of the arbitration  award shall be binding.  The computation of the
      total amount of an  arbitration  award shall include  amounts  awarded for
      attorneys' fees and costs, arbitration  administration fees and costs, and
      arbitrator(s)' fees.

      (e) No  provision  of this  arbitration  clause,  nor the  exercise of any
      rights hereunder, shall limit the right of any party to: (1) judicially or
      non-judicially  foreclose against any real or personal property collateral
      or other  security;  (2) exercise  self-help  remedies,  including but not
      limited to  repossession  and setoff  rights;  or (3) obtain  from a court
      having  jurisdiction  thereover  any  provisional  or  ancillary  remedies
      including   but   not   limited   to   injunctive   relief,   foreclosure,
      sequestration,  attachment, replevin, garnishment, or the appointment of a
      receiver.  Such  rights  can be  exercised  at any  time,  before or after
      initiation of an arbitration proceeding,  except to the extent such action
      is contrary to the  arbitration  award.  The exercise of such rights shall
      not constitute a waiver of the right to submit any Dispute to arbitration,
      and any claim or controversy  related to the exercise of such rights shall
      be a Dispute  to be  resolved  under the  provisions  of this  arbitration
      clause. Any party may initiate arbitration with the Administrator.  If any
      party  desires to  arbitrate a Dispute  asserted  against  such party in a

                                       19
<PAGE>

      complaint, counterclaim, cross-claim, or third-party complaint thereto, or
      in an answer or other reply to any such pleading,  such party must make an
      appropriate motion to the trial court seeking to compel arbitration, which
      motion  must be filed  with the  court  within 45 days of  service  of the
      pleading, or amendment thereto, setting forth such Dispute. If arbitration
      is compelled  after  commencement  of litigation  of a Dispute,  the party
      obtaining an order compelling  arbitration shall commence  arbitration and
      pay the  Administrator's  filing fees and costs within 45 days of entry of
      such order. Failure to do so shall constitute an agreement to proceed with
      litigation  and  waiver  of the  right to  arbitrate.  In any  arbitration
      commenced by a consumer regarding a consumer Dispute, Lender shall pay one
      half of the Administrator's filing fee, up to $250.

      (f) Notwithstanding the applicability  of any other law to this agreement,
      the  arbitration  clause,  or  Related  Agreements  between  or among  the
      parties,  the Federal  Arbitration Act, 9 U.S.C.  Section 1 et seq., shall
      apply to the construction and  interpretation of this arbitration  clause.
      If any  provision of this  arbitration  clause  should be determined to be
      unenforceable,  all other  provisions  of this  arbitration  clause  shall
      remain in full force and effect.

      Attorneys'  Fees;  Expenses.  Borrower  agrees to pay upon  demand  all of
      Lender's costs and expenses, including Lender's reasonable attorneys' fees
      and Lender's legal  expenses,  incurred in connection with the enforcement
      of this  Agreement.  Lender may hire or pay someone  else to help  enforce
      this  Agreement,  and  Borrower  shall pay the costs and  expenses of such
      enforcement.  Costs and expenses  include Lender's  reasonable  attorneys'
      fees and legal  expenses  whether or not  Lender's  salaried  employee and
      whether or not there is a lawsuit,  including  reasonable  attorneys' fees
      and legal expenses for bankruptcy proceedings (including efforts to modify
      or vacate any automatic stay or injunction),  appeals, and any anticipated
      post-judgment collection services. Borrower also shall pay all court costs
      and such additional fees as may be directed by the court.

      Caption  Headings.  Caption headings in this Agreement are for convenience
      purposes only and are not to be used to interpret or define the provisions
      of this Agreement.

      Consent to Loan  Participation.  Borrower  agrees and consents to Lender's
      sale or  transfer,  whether  now or  later,  of one or more  participation
      interests  in the  Loan  to one or more  purchasers,  whether  related  or
      unrelated  to  Lender.   Lender  may  provide,   without  any   limitation
      whatsoever,  to any one or more purchasers,  or potential purchasers,  any
      information or knowledge Lender may have about Borrower or about any other
      matter  relating to the Loan,  and  Borrower  hereby  waives any rights to
      privacy  Borrower  may  have  with  respect  to  such  matters.   Borrower
      additionally   waives  any  and  all  notices  of  sale  of  participation
      interests,  as well as all notices of any repurchase of such participation
      interests.   Borrower  also  agrees  that  the   purchasers  of  any  such
      participation  interests will be considered as the absolute owners of such
      interests  in the Loan and will  have all the  rights  granted  under  the
      participation   agreement  or  agreements   governing  the  sale  of  such
      participation  interests.  Borrower further waives all rights of offset or
      counterclaim  that it may have now or later against  Lender or against any

                                       20
<PAGE>

      purchaser of such a participation interest and unconditionally agrees that
      either Lender or such purchaser may enforce  Borrower's  obligation  under
      the Loan  irrespective  of the failure or  insolvency of any holder of any
      interest in the Loan.  Borrower  further  agrees that the purchaser of any
      such participation interests may enforce its interests irrespective of any
      personal  claims  or  defenses  that  Borrower  may have  against  Lender.
      Governing Law. This Agreement will be governed by,  construed and enforced
      in  accordance  with  federal law and the laws of the State of Utah.  This
      Agreement has been accepted by Lender in the State of Utah.

      Choice of Venue.  If there is a lawsuit,  Borrower  agrees  upon  Lender's
      request to submit to the  jurisdiction  of the courts of Salt Lake County,
      State of Utah.

      No Waiver by Lender.  Lender shall not be deemed to have waived any rights
      under this Agreement  unless such waiver is given in writing and signed by
      Lender. No delay or omission on the part of Lender in exercising any right
      shall  operate as a waiver of such right or any other  right.  A waiver by
      Lender of a provision of this Agreement  shall not prejudice or constitute
      a waiver of Lender's right otherwise to demand strict compliance with that
      provision  or any other  provision of this  Agreement.  No prior waiver by
      Lender, nor any course of dealing between Lender and Borrower,  or between
      Lender  and any  Grantor,  shall  constitute  a waiver of any of  Lender's
      rights or of any of  Borrower's  or any  Grantor's  obligations  as to any
      future transactions. Whenever the consent of Lender is required under this
      Agreement,  the granting of such  consent by Lender in any instance  shall
      not  constitute  continuing  consent to  subsequent  instances  where such
      consent  is  required  and in all cases  such  consent  may be  granted or
      withheld in the sole discretion of Lender.

      Notices.  Unless otherwise provided by applicable law, any notice required
      to be given  under this  Agreement  or  required  by law shall be given in
      writing, and shall be effective when actually delivered in accordance with
      the law or with this Agreement,  when actually  received by  telefacsimile
      (unless  otherwise  required by law),  when  deposited  with a  nationally
      recognized  overnight courier, or, if mailed, when deposited in the United
      States mail, as first class, certified or registered mail postage prepaid,
      directed to the addresses shown near the beginning of this Agreement.  Any
      party may change its address for notices  under this  Agreement  by giving
      formal written notice to the other parties, specifying that the purpose of
      the notice is to change the party's address. For notice purposes, Borrower
      agrees to keep Lender informed at all times of Borrower's current address.
      Unless  otherwise  provided by  applicable  law, if there is more than one
      Borrower,  any  notice  given by  Lender to any  Borrower  is deemed to be
      notice given to all Borrowers.

      Severability.  If a court of competent jurisdiction finds any provision of
      this  Agreement  to be  illegal,  invalid,  or  unenforceable  as  to  any
      circumstance, that finding shall not make the offending provision illegal,
      invalid, or unenforceable as to any other circumstance.  If feasible,  the

                                       21
<PAGE>

      offending provision shall be considered modified so that it becomes legal,
      valid and enforceable.  If the offending  provision cannot be so modified,
      it shall be  considered  deleted  from this  Agreement.  Unless  otherwise
      required by law, the illegality,  invalidity,  or  unenforceability of any
      provision of this  Agreement  shall not affect the  legality,  validity or
      enforceability of any other provision of this Agreement.

      Subsidiaries and Affiliates of Borrower.  To the extent the context of any
      provisions  of this  Agreement  makes it  appropriate,  including  without
      limitation any representation,  warranty or covenant,  the word 'Borrower"
      as used in this Agreement shall include all of Borrower's subsidiaries and
      affiliates.  Notwithstanding the foregoing however, under no circumstances
      shall this  Agreement be  construed to require  Lender to make any Loan or
      other  financial  accommodation  to  any  of  Borrower's  subsidiaries  or
      affiliates.

      Successors and Assigns.  All covenants and  agreements  contained by or on
      behalf of Borrower shall bind Borrower's  successors and assigns and shall
      inure to the benefit of Lender and its  successors  and assigns.  Borrower
      shall not, however,  have the right to assign Borrower's rights under this
      Agreement or any interest  therein,  without the prior written  consent of
      Lender.

      Survival of  Representations  and  Warranties.  Borrower  understands  and
      agrees  that  in  extending  Loan  Advances,  Lender  is  relying  on  all
      representations,  warranties,  and  covenants  made  by  Borrower  in this
      Agreement or in any certificate or other instrument  delivered by Borrower
      to Lender under this Agreement or the Related Documents.  Borrower further
      agrees  that  regardless  of any  investigation  made by Lender,  all such
      representations,  warranties  and covenants  will survive the extension of
      Loan  Advances and delivery to Lender of the Related  Documents,  shall be
      continuing in nature,  shall be deemed made and redated by Borrower at the
      time each Loan Advance is made,  and shall remain in full force and effect
      until such time as Borrower's Indebtedness shall be paid in full, or until
      this Agreement shall be terminated in the manner provided above, whichever
      is the last to occur.

      Time is of the Essence.  Time is of the essence in the performance of this
      Agreement.

DEFINITIONS.  The following capitalized words and terms shall have the following
meanings  when  used  in  this  Agreement.  Unless  specifically  stated  to the
contrary, all references to dollar amounts shall mean amounts in lawful money of
the United States of America. Words and terms used in the singular shall include
the  plural,  and the plural  shall  include  the  singular,  as the context may
require.  Words and terms not otherwise defined in this Agreement shall have the
meanings  attributed to such terms in the Uniform  Commercial  Code.  Accounting
words and terms not otherwise  defined in this Agreement shall have the meanings
assigned to them in accordance with generally accepted accounting  principles as
in effect on the date of this Agreement:

      Account.  The word "Account'  means a trade account,  account  receivable,
      other  receivable,  or other  right to payment  for goods sold or services
      rendered  owing to Borrower  (or to a third party  grantor  acceptable  to
      Lender).

      Advance. The word 'Advance" means a disbursement of Loan funds made, or to
      be  made,  to  Borrower  or on  Borrower's  behalf  under  the  terms  and
      conditions of this Agreement.

      Agreement.  The word 'Agreement' means this Business Loan Agreement (Asset
      Based),  as this Business Loan  Agreement  (Asset Based) may be amended or
      modified  from time to time,  together  with all  exhibits  and  schedules
      attached to this Business Loan Agreement (Asset Based) from time to time.

                                       22
<PAGE>

      Borrower.  The word 'Borrower" means NACO INDUSTRIES,  INC., and all other
      persons and entities signing the Note in whatever capacity.

      Borrowing Base. The words  "Borrowing Base" mean , as determined by Lender
      from time to time, the lesser of (1)  $1,200,000.00  or (2) the sum of (a)
      80.000% of the aggregate amount of Eligible Accounts,  plus (b) 60.000% of
      the aggregate amount of Eligible Inventory.

      Business  Day.  The words  'Business  Day" mean a day on which  commercial
      banks are open in the State of Utah.

      Collateral. The word 'Collateral' means all property and assets granted as
      collateral security for a Loan, whether real or personal property, whether
      granted directly or indirectly,  whether granted now or in the future, and
      whether granted in the form of a security interest,  mortgage,  collateral
      mortgage,  deed  of  trust,  assignment,   pledge,  crop  pledge,  chattel
      mortgage,  collateral  chattel  mortgage,  chattel  trust,  factor's lien,
      equipment trust,  conditional sale, trust receipt,  lien, charge,  lien or
      title  retention  contract,  lease or  consignment  intended as a security
      device, or any other security or lien interest whatsoever, whether created
      by law, contract, or otherwise.  The word Collateral also includes without
      limitation  all  collateral  described in the  Collateral  section of this
      Agreement.

      Eligible Accounts.  The words 'Eligible Accounts' mean at any time, all of
      Borrower's Accounts which contain selling terms and conditions  acceptable
      to Lender.  The net amount of any Eligible  Account against which Borrower
      may borrow shall exclude all returns,  discounts,  credits, and offsets of
      any nature.  Unless  otherwise  agreed to by Lender in  writing,  Eligible
      Accounts do not include:

      (1) Accounts with respect to which the Account Debtor is employee or agent
      of Borrower.

      (2) Accounts with respect to which the Account  Debtor is a subsidiary of,
      or affiliated with Borrower or its shareholders, officers, or directors.

      (3) Accounts  with  respect  to which  goods  are  placed on  consignment,
      guaranteed  sale,  or other  terms by reason of which the  payment  by the
      Account Debtor may be conditional.

                                       23
<PAGE>

      (4) Accounts with respect to which the Account Debtor is not a resident of
      the United  States,  except to the extent such  Accounts are  supported by
      insurance, bonds or other assurances satisfactory to Lender.

      (5) Accounts with respect to which Borrower is or may become liable to the
      Account  Debtor for goods sold or services  rendered by the Account Debtor
      to Borrower.

      (6) Accounts which are subject to dispute, counterclaim, or setoff.

      (7) Accounts  with  respect to which the goods  have  not been  shipped or
      delivered, or the services have not been rendered, to the Account Debtor.

      (8) Accounts with respect to which Lender,  in its sole discretion,  deems
      the  creditworthiness  or financial  condition of the Account Debtor to be
      unsatisfactory.

      (9) Accounts of any Account  Debtor who has filed or has had filed against
      it a  petition  in  bankruptcy  or an  application  for  relief  under any
      provision   of  any   state  or   federal   bankruptcy,   insolvency,   or
      debtor-in-relief acts; or who has had appointed a trustee,  custodian,  or
      receiver  for  the  assets  of such  Account  Debtor;  or who has  made an
      assignment  for the benefit of creditors or has become  insolvent or fails
      generally to pay its debts  (including  its payrolls) as such debts become
      due.

      (10)  Accounts  with  respect  to which the  Account  Debtor is the United
      States government or any department or agency of the United States.

      (11)  That portion of the  Accounts  of any single  Account  Debtor  which
      exceeds 10.000% of all of Borrower's Accounts.

      (12)  Accounts  which  have not been paid in full  within 60 days from due
      date or 90 days from the invoice date.  The entire  balance of any Account
      of any single  Account  Debtor will be ineligible  whenever the portion of
      the  Account  which has not been  paid  within 60 days from due date or 90
      days from the  invoice  date is in  excess  of 20.00% of the total  amount
      outstanding on the Account. "That portion of Accounts that are not created
      under the Borrower's  'Early Order Program' and that are unpaid 90 days or
      more after the invoice date, and that portion of Accounts that are created
      under the Borrower's 'Early Order Program" that are unpaid 30 days or more
      after the stated due date.

      (13)  Canadian accounts with respect to which the account  debtor is not a
      resident of the following Canadian Provinces;  British Columbia,  Alberta,
      Saskatchewan,  Manitoba,  and Ontario,  except to the extent such accounts
      are supported by insurance,  bonds,  or other  assurances  satisfactory to
      Lender.  Accounts  which Lender in its sole  discretion  reasonably  deems
      ineligible.

      Eligible Inventory.  The words 'Eligible  Inventory' mean at any time, all
      of Borrower's Inventory as defined below except:

                                       24
<PAGE>

      (1) Inventory  which is  not  owned  by  Borrower  free  and  clear of all
      security interests, liens, encumbrances, and claims of third parties.

      (2) Inventory which Lender, in its sole discretion,  deems to be obsolete,
      unsalable, damaged, defective, or unfit for further processing.

      (3) Work in progress

      (4) Inventory which is not for direct resale  including but not limited to
      packaging,  labeling,  and  manufacturing  supplies.  Inventory  which  is
      prohibited from being sold by any federal,  state,  or local  governmental
      agency.  Inventory  which Lender in its sole discretion  reasonably  deems
      ineligible.

      Environmental Laws. The words "Environmental Laws" mean any and all state,
      federal and local  statutes,  regulations  and ordinances  relating to the
      protection  of  human  health  or  the  environment,   including   without
      limitation the Comprehensive  Environmental  Response,  Compensation,  and
      Liability  Act of 1980,  as  amended,  42  U.S.C.  Section  9601,  et seq.
      ('CERCLA'), the Superfund Amendments and Reauthorization Act of 1986, Pub.
      L. No. 99-499 ('SARA'),  the Hazardous  Materials  Transportation  Act, 49
      U.S.C.  Section 1 80 1, et seq.,  the Resource  Conservation  and Recovery
      Act, 42 U.S.C. Section 6901, et seq., or other applicable state or federal
      laws, rules, or regulations adopted pursuant thereto.

      Event of Default.  The words 'Event of Default'  mean any of the events of
      default  set  forth  in this  Agreement  in the  default  section  of this
      Agreement.

      Expiration Date. The words  'Expiration Date' mean the date of termination
      of Lender's commitment to lend under this Agreement.

      GAAP.  The word 'GAAP' means  generally  accepted  accounting  principles.
      Grantor.  The word 'Grantor" means each and all of the persons or entities
      granting a Security  Interest in any  Collateral  for the Loan,  including
      without limitation all Borrowers granting such a Security Interest.

      Guarantor.   The  word  'Guarantor'   means  any  guarantor,   surety,  or
      accommodation party of any or all of the Loan.

      Guaranty. The word 'Guaranty' means the guaranty from Guarantor to Lender,
      including without limitation a guaranty of all or part of the Note.

                                       25
<PAGE>

      Hazardous  Substances.  The words  'Hazardous  Substances"  mean materials
      that,  because of their quantity,  concentration or physical,  chemical or
      infectious  characteristics,  may  cause or pose a  present  or  potential
      hazard to human health or the environment when improperly  used,  treated,
      stored,  disposed of,  generated,  manufactured,  transported or otherwise
      handled. The words "Hazardous  Substances' are used in their very broadest
      sense  and  include  without  limitation  any and all  hazardous  or toxic
      substances,  materials  or  waste  as  defined  by  or  listed  under  the
      Environmental Laws. The term "Hazardous Substances' also includes, without
      limitation,  petroleum and petroleum  by-products or any fraction  thereof
      and asbestos.

      Indebtedness.  The word 'Indebtedness' means the indebtedness evidenced by
      the Note or  Related  Documents,  including  all  principal  and  interest
      together  with all other  indebtedness  and costs and  expenses  for which
      Borrower is  responsible  under this Agreement or under any of the Related
      Documents.

      Inventory.  The word  'Inventory'  means all of Borrower's  raw materials,
      work in process, finished goods, merchandise, parts and supplies, of every
      kind and description,  and goods held for sale or lease or furnished under
      contracts of service in which  Borrower now has or hereafter  acquires any
      right,  whether  held by Borrower or others,  and all  documents of title,
      warehouse receipts, bills of lading, and all other documents of every type
      covering all or any part of the foregoing.  Inventory  includes  inventory
      temporarily  out of Borrower's  custody or  possession  and all returns on
      Accounts.

      Lender.  The word 'Lender' means ZIONS FIRST NATIONAL BANK, its successors
      and assigns.

      Loan. The word 'Loan' means any and all loans and financial accommodations
      from Lender to Borrower  whether now or  hereafter  existing,  and however
      evidenced,   including  without   limitation  those  loans  and  financial
      accommodations  described  herein or  described on any exhibit or schedule
      attached to this Agreement from time to time.

      Note. The word 'Note' means the Note executed by NACO INDUSTRIES,  INC. in
      the principal  amount of  $1,200,000.00  dated October 31, 2001,  together
      with all renewals of, extensions of,  modifications  of,  refinancings of,
      consolidations of, and substitutions for the note or credit agreement.

      Permitted Liens.  The words 'Permitted  Liens" mean (1) liens and security
      interests securing  Indebtedness owed by Borrower to Lender; (2) liens for
      taxes,  assessments,  or  similar  charges  either  not yet  due or  being
      contested   in  good   faith;   (3)  liens  of   materialmen,   mechanics,
      warehousemen,  or  carriers,  or other like liens  arising in the ordinary
      course of business and securing  obligations which are not yet delinquent;
      (4) purchase money liens or purchase  money security  interests upon or in
      any  property  acquired  or held by  Borrower  in the  ordinary  course of
      business to secure indebtedness  outstanding on the date of this Agreement
      or permitted to be incurred under the paragraph of this  Agreement  titled
      'Indebtedness  and Liens';  (5) liens and security  interests which, as of
      the date of this  Agreement,  have been  disclosed  to and approved by the
      Lender in writing; and (6) those liens and security interests which in the
      aggregate constitute an immaterial and insignificant  monetary amount with
      respect to the net value of Borrower's assets.

      Primary  Credit  Facility.  The words 'Primary  Credit  Facility' mean the
      credit facility described in the Line of Credit section of this Agreement.

                                       26
<PAGE>

      Related  Documents.  The words  'Related  Documents"  mean all  promissory
      notes,  credit  agreements,  loan  agreements,  environmental  agreements,
      guaranties,  security  agreements,  mortgages,  deeds of  trust,  security
      deeds,  collateral  mortgages,  and all other instruments,  agreements and
      documents,  whether now or hereafter existing, executed in connection with
      the Loan.

      Security  Agreement.  The  words  'Security  Agreement'  mean and  include
      without  limitation any  agreements,  promises,  covenants,  arrangements,
      understandings or other agreements,  whether created by law, contract,  or
      otherwise,  evidencing,  governing,  representing,  or creating a Security
      Interest.

      Security Interest. The words 'Security Interest' mean, without limitation,
      any and all types of collateral security,  present and future,  whether in
      the form of a lien, charge, encumbrance, mortgage, deed of trust, security
      deed,  assignment,  pledge,  crop  pledge,  chattel  mortgage,  collateral
      chattel  mortgage,   chattel  trust,   factor's  lien,   equipment  trust,
      conditional sale, trust receipt,  lien or title retention contract,  lease
      or  consignment  intended as a security  device,  or any other security or
      lien interest whatsoever whether created by law, contract, or otherwise.

FINAL AGREEMENT.  Borrower  understands that this Agreement and the related loan
documents are the final expression of the agreement  between Lender and Borrower
and may not be contradicted by evidence of any alleged oral agreement.

BORROWER  ACKNOWLEDGES  HAVING READ ALL THE  PROVISIONS  OF THIS  BUSINESS  LOAN
AGREEMENT  (ASSET  BASED) AND BORROWER  AGREES TO ITS TERMS.  THIS BUSINESS LOAN
AGREEMENT (ASSET BASED) IS DATED OCTOBER 31, 2001.

      BORROWER:

      NACO INDUSTRIES, INC.

      By:  /s/ W. Michael Hopkins
           ----------------------
               W. MICHAEL HOPKINS
               President of NACO INDUSTRIES, INC.

      LENDER:

      ZIONS FIRST NATIONAL BANK

      By:
         ----------------------
         Authorized Signer

                                       27

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