Document:

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                                                                                                                      Exhibit 10.149
[LOGO OF THE ASSOCIATES]                                 Lease Agreement
Name and Address of Lessee ("Lessee")                            Name and Address of Lessor ("Lessor")
Meadow Valley Contractors, Inc.                                  Associates Leasing, Inc.

4411 S. 40th St., #D-11                                          PO Box 2340
Phoenix                  AZ    85040                             Newport Beach            CA  92658
====================================================================================================================================
<S>                                                                            <C>                  <C>
DESCRIBE EQUIPMENT FULLY                                                                  LESSOR'S COST
                                                                               Equipment Total Cost $                    62,475.00
                                                                                                      ------------------------------
(1) Valew Freightliner FL70 Lube Truck VIN# 1FVABTBV51HJ17394
                                                                               Shipping&Handling Cost $                       0.00
                                                                                                      ------------------------------
                                                                               Installation Cost $                            0.00
                                                                                                      ------------------------------
                                                                               Other (Specify)                             $550.00
                                                                                                      ------------------------------
                                                                               TOTAL COST $                              63,025.00

                                                                                               -------------------------------------
<CAPTION>
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LOCATION OF EQUIPMENT:
4411 S th 40th St.                              Maricopa                    Phoenix                       AZ   85040
====================================================================================================================================
<S>                                                             <C>
A. TERM:    48     Months following the first day of the        F. PAYMENT SCHEDULE: THE ADVANCE RENTAL PAYMENT IS
         ---------                                                 PAYABLE UPON DELIVERY OF THE LEASE APPLICATION TO
   month after delivery                                            LESSOR. INTERIM RENTAL IS PAYABLE UPON DELIVERY OF THE
                                                                   EQUIPMENT.
B. ADVANCE RENTAL PAYMENTS: FIRST RENTAL AND LAST
      0     RENTAL(S) PLUS APPLICABLE TAXES.                       THE REMAINING RENTAL PAYMENTS ARE PAYABLE AS FOLLOWS:
   --------                                                        MONTHLY ON THE FIRST DAY OF EACH MONTH BEGINNING ON
                                                                   THE FIRST DAY OF June     2001  (MO/YR).
C. INTERIM RENTAL: Per day rental for the period from                               --------------
   delivery to the first of the following month calculated      G. PURCHASE OPTION PRICE AT END OF TERM: $     12,605.00
   as Monthly Rental divided by 30 times the number of days        Plus Applicable Taxes                  --------------
   from the Delivery Date through the end of the month in
   which the Equipment is delivered plus applicable taxes.      H. TAX LEASE STATUS:  (check one and initial)

D. RENTAL PAYMENT:    48    Payments of $         1,319.39                 Tax Lease: If checked, this Lease is a Tax Oriented
                   --------              -----------------         -------
                                      PLUS APPLICABLE FEES         Lease and the provisions of Paragraph 13 of this Lease apply.
E. SECURITY DEPOSIT: $         0.00
                       ---------------                                X    Non-Tax Lease: If checked, this Lease is not a Tax
   Any Termination Value Table attached to this Lease is a         -------
   part of and incorporated in the terms of this Lease.            Oriented Lease and the provisions of Paragraph 13 of this
                                                                   Lease do not apply.

                                                                I.    5    MACRS Class Life of Equipment.
                                                                   -------
------------------------------------------------------------------------------------------------------------------------------------
                                                   TERMS AND PROVISIONS OF LEASE

1.    EFFECTIVE DATE:  The terms and provisions of this lease Agreement ("this Lease") and the obligations and liabilities of Lessee
under this Lease are effective on the date of Lessor's acceptance of this Lease ("Effective Date"), even though the Term and
Lessee's obligation to pay the remaining Rental Payments may begin on a later date.

2.    LEASE:  Lessor hereby leases to Lessee, and Lessee hereby hires and takes from Lessor, under and subject to the terms and
provisions hereof until the end of the Term specified above ("Term"), the personal property described above and on any supplemental
schedule(s) identified as constituting a part of this lease (herein, with all present and future attachments, accessories,
replacement parts, repairs, and additions, and all proceeds thereof, referred to as "Equipment"). This Lease is for the Term
commencing on the date the Equipment is delivered to Lessee. For the term of any portion thereof, Lessee agrees to pay to Lessor
aggregate rentals equal to the sum of all Rental Payments (including advance and interim rentals) in accordance with the Payment
Schedule.

3.    PLACE OF PAYMENT AND OBLIGATION TO PAY:  All Rental Payments are payable without notice or demand. All amounts payable under
this Lease to Lessor are payable at Lessor's address set forth herein or at such other address as Lessor may specify from time to
time in writing. Except as otherwise specifically provided herein. Lessee's obligation to pay the Rental Payments and all other
amounts due or to become due under this Lease shall be absolute and unconditional under all circumstances, regardless of any
set-off, counterclaim, recoupment, defense or other claim whatsoever. Any Security Deposit is held as security for Lessor's
obligations and will be refunded in full, without interest, upon payment in full of these obligations.

4.    DELINQUENCY CHARGES: For each Rental Payment or other sum due under this Lease which is not paid when due, Lessee agrees to
pay Lessor a delinquency charge calculated thereon at the rate of 1 1/2% per month for the period of delinquency or, at Lessor's
option, 5% of such Rental Payment or other sum due under this Lease, provided that such a delinquency charge is not prohibited by
law, otherwise the highest rate Lessee can legally obligate itself to pay and/or Lessor can legally collect. Lessee agrees to
reimburse Lessor immediately upon demand for any amount charged to Lessor by any depositary institution because a check, draft or
other order made or drawn by or for the benefit of Lessee is returned unpaid for any reason and, if allowed by law, to pay Lessor an
additional handling charge in the amount of $25.00 or in the event applicable law limits or restricts the amount of such
reimbursement and/or handling charge, the amounts chargeable under this provision will be limited and/or restricted in accordance
with applicable law.

Page 1 of 4 of Lease Agreement dated  05/01/01     between     Meadow Valley Contractors, Inc.                            (Lessee)
                                     -------------          --------------------------------------------------------------
and   Associates Leasing, Inc.                           (Lessor) which includes, without limitation, an item of Equipment with the
    ---------------------------------------------------
following serial number:  1FVABTBV51HJ17394
                         -----------------------------

                                                             Original

                                                                                                            Lessee's Initials
                                                                                                      -----------------------------
                                                                                                               /s/ KDN
                                                                                                      -----------------------------
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<PAGE>

5.  NO WARRANTIES BY LESSOR, MAINTENANCE, AND COMPLIANCE WITH LAWS: Lessor makes
no representations or warranties as to the character of this transaction for tax
or other purposes. Lessee acknowledges and agrees that: the Equipment is of a
size, design, capacity and manufacture selected by Lessee; Lessor is not the
manufacturer of the Equipment or the manufacturer's agent: LESSEE LEASES THE
EQUIPMENT "AS IS" AND LESSOR HAS NOT MADE, AND DOES NOT MAKE, ANY REPRESENTATION
OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE VALUE, CONDITION, QUALITY, MATERIAL,
WORKMANSHIP, DESIGN, CAPACITY, MERCHANTABILITY, DURABILITY, FITNESS OR
SUITABILITY OF THE EQUIPMENT FOR ANY USE OR PURPOSE, OR ANY OTHER REPRESENTATION
OR WARRANTY WHATSOEVER, EXPRESS OR IMPLIED. Lessee will not assert any claim
whatsoever, regardless of cause, against Lessor. Lessee will not bring any suit
or claim against or make any settlement with the manufacturer or seller to
Lessor of the Equipment (both herein called "Seller") without Lessor's prior
written consent; and the selection, servicing and maintaining of the Equipment
shall be entirely at Lessee's risk and expense. Lessee agrees, at its own cost
and expense: (a) to cause the Equipment to be operated with care and only by
qualified personnel in the regular course of Lessee's business; (b) to comply
with all applicable laws, rules and regulations relating to the Equipment, with
any published instructions or specifications of the Seller and with all of the
terms of any insurance policy covering the Equipment; (c) to obtain, or sign any
documents Lessor deems necessary and any certificates of title required or
permitted by law with respect to the Equipment; (d) to maintain the Equipment in
good operating condition, repair and appearance; and (e) to furnish Lessor
promptly with such financial statements and other information as Lessor may
reasonably request from time to time.

6.  TERMINATION VALUE: "Termination Value" of the Equipment is the value of the
Equipment for purposes of insurance and casualty loss. If Lessor and Lessee have
executed a Termination Value Table with respect to this Lease, the Termination
Value as of any date will be the amount indicated on that table plus any accrued
and unpaid Rentals or other amounts payable under this Lease as of that date. If
Lessor and Lessee have not executed a Termination Value Table with respect to
this Lease, the Termination Value as of any date shall mean an amount equal to
the total of all accrued and unpaid Rental Payments and all other amounts then
due and remaining unpaid plus the greater of: (a) the then Fair Market Value (as
determined in accordance with Paragraph 12 of this Lease) of the Equipment as of
that date in the same condition as when received by Lessee, reasonable wear and
tear from the normal use thereof alone excepted, as well as in the condition
required upon its return determined in accordance with Paragraph 21 of this
Lease, and (b) an amount equal to all accrued and unpaid Rental Payments and all
other amounts then due and remaining unpaid plus the then present worth of all
unaccrued Rental Payments plus either (i) the Purchase Option Price, or (ii) if
no purchase option is offered, the Fair Market Value (as determined in
accordance with Paragraph 12 of this Lease) of the Equipment in the same
condition as when received by Lessee, reasonable wear and tear from the normal
use thereof alone excepted, as well as in the condition required upon its return
determined in accordance with Paragraph 21 of this Lease. Present worth shall be
determined by discounting such unaccrued Rental Payments from their respective
due dates at the Rate of 0.00 %.
                         ----

7.  INSURANCE: Lessee shall bear all risk of loss of, damage to, or destruction
of the Equipment from the date of its delivery until its return. If, for any
reason, any of the Equipment is lost, stolen, destroyed or damaged beyond
repair, Lessee shall (a) immediately and fully inform Lessor with regard
thereto, and (b) promptly pay to Lessor the Stipulated Loss Value calculated as
of the date of payment thereof. Any amounts actually received by Lessor from
insurance or otherwise on Lessee's behalf for such loss or damage shall be
applied to reduce Lessee's obligation under this paragraph. Except as expressly
provided herein, the total or partial destruction of the Equipment or the total
or partial loss of use or possession thereof to Lessee, shall not release or
relieve Lessee from its obligations and liabilities under this Lease. Lessee
agrees to procure and maintain at all times on and after the Effective Date such
liability, physical damage and other insurance as Lessor may require from time
to time. Lessee agrees that all such insurance shall be in form and amount and
with insurers satisfactory to Lessor, and that Lessee will deliver promptly to
Lessor certificates or, upon request, policies satisfactory to Lessor evidencing
such insurance. All liability policies shall name Lessor as an additional
insured, and all physical damage policies shall provide that payment thereof
shall be made to Lessor and Lessee as their interests may appear. Each policy
shall provide that Lessor's interest therein shall not be invalidated by any
acts, omissions or neglect of anyone other than Lessor, and shall contain the
insurer's agreement to give Lessor at least 30 days prior written notice before
cancellation or any material change in the policy shall be effective as to
Lessor, whether such cancellation or change is at the direction of Lessee or
the insurer.

8.  TAXES: Lessee shall be liable for all taxes, levies, duties, assessments,
and other governmental charges (including any penalties and interest, and any
fees for titles or registration) levied or assessed against Lessee, Lessor or
the Equipment, upon or with respect to the lease or the purchase, use,
operation, leasing, ownership, value, return or other disposition of the
Equipment, or the rent, earnings or receipts arising therefrom, exclusive,
however, of any taxes based on Lessor's net income. Unless Lessor notifies
Lessee in writing otherwise, Lessor will file all returns and remit all personal
property taxes applicable to the Equipment. Lessee agrees to reimburse Lessor
for all such personal property taxes immediately upon receipt of Lessor's
invoice including without limitation such taxes assessed or arising during the
term of this Lease but remitted by Lessor after the termination of this Lease.

At Lessor's option, Lessee agrees to remit, along with Lessee's rental payments
under this Lease, an amount equal to a percentage of Lessor's reasonable
estimate of the personal property taxes that will be assessable against the
Equipment during the succeeding tax year. Any such amounts remitted to Lessor
will be credited by Lessor against Lessee's obligations under this paragraph.
Lessee will remain obligated in the event that such amounts are insufficient to
fully reimburse Lessor for the actual amount of such taxes and any surplus will
be either credited to Lessee's other obligations to Lessor or returned to
Lessee. If requested, Lessee agrees to file promptly on behalf of Lessor all
requested tax returns and reports concerning the Equipment in form satisfactory
to Lessor, with all appropriate governmental agencies and to mail a copy thereof
to Lessor concurrently with the filing thereof. Lessee further agrees to keep or
cause to be kept and made available to Lessor any and all necessary records
relevant to the use of the Equipment and pertaining to the aforesaid taxes,
assessments and other governmental charges. The obligations arising under this
paragraph shall survive payment of all other obligations under this Lease and
the termination of this Lease.

9.  LESSOR'S TITLE, STORAGE AND IDENTIFICATION OF EQUIPMENT: Title to the
Equipment will at all times remain in Lessor and Lessee will at all times, at
its own cost and expense, protect and defend the title of Lessor from and
against all claims, liens and legal processes of creditors of Lessee and keep
the Equipment free and clear from all such claims, liens and processes. Lessee
agrees not to alter or modify the Equipment without first obtaining in each
instance the prior written approval of Lessor. Upon the expiration or
termination of this Lease, Lessee, at Lessee's sole expense, shall return the
Equipment unencumbered to Lessor at a place to be designated by Lessor, and in
the same condition as when received by Lessee, reasonable wear and tear
resulting from normal use thereof alone excepted. Lessee shall, upon Lessor's
request, and at Lessee's own expense firmly affix to the Equipment, in a
conspicuous place, such label, sign or other device as Lessor may supply to
identify Lessor as the owner and lessor of the Equipment. If Lessee fails to
perform duly and promptly any of its obligations under this Lease (including,
without limitation, insuring the Equipment), Lessor may perform the same, but
shall not be obligated to do so, for the account of Lessee to protect the
interest of Lessor or Lessee or both, at Lessor's option. Any amount paid or
expense (including reasonable attorney's fees), penalty or other liability
incurred by Lessor in such performance shall be payable by Lessee upon demand as
additional rent for the Equipment.

10.  POSSESSION, LOCATION OF EQUIPMENT, RIGHT OF INSPECTION AND ASSIGNMENT: The
Equipment will be kept by Lessee at the location indicated herein, and will not
be removed from said location without the prior written consent of Lessor.

Lessor shall have the right to inspect the Equipment at all reasonable times and
from time to time as Lessor may require. Lessee will not sell, assign, transfer,
pledge, encumber, secrete, sublet or otherwise dispose of any of the Equipment
or any interest of Lessee in or under this Lease without Lessor's prior written
consent. This Lease and all rights of Lessor under this Lease will be assignable
by Lessor without Lessee's consent. LESSEE HEREBY WAIVES, RELINQUISHES AND
DISCLAIMS AS TO ANY ASSIGNEE OF LESSOR ALL CLAIMS, RIGHTS OF SET-OFF AND
DEFENSES LESSEE MAY HAVE AGAINST LESSOR, INCLUDING THE RIGHT TO WITHHOLD PAYMENT
OF ANY MONIES WHICH MAY BECOME DUE UNDER THIS LEASE. After receiving notice of
any assignment by Lessor, Lessee agrees that it will not, without the prior
written consent of the assignee, purchaser or secured party, (i) prepay any
amounts owing under this Lease; (ii) modify or amend this Lease; or (iii)
exercise any rights which are exercisable only with the consent of the Lessor.

11.  OPTIONS AVAILABLE TO LESSEE: PURCHASE OPTION: If the amount set forth as
the Purchase Option Price is $-0- or is left blank, Lessee shall have no option
whatsoever to purchase any of the Equipment. If "FMV" or a dollar amount other
than $-0- is indicated as the Purchase Option Price, Lessee is not then in
default and Lessee has paid all other amounts payable under the terms of this
Lease, Lessee shall have the option to purchase all but not less than all of the
Equipment subject to this Lease at the end of the Term of this Lease at the
Purchase Option Price indicated. If "FMV" is designated as the Purchase Option
Price, the purchase price shall be the Fair Market Value of the Equipment in the
return condition required at the end of the Term

Page 2 of 4 Lease Agreement dated 05/01/01 between Meadow Valley Contractors,
                                  --------         --------------------------
Inc. (Lessee) and Associates Leasing, Inc. (Lessor) which includes, without
----              ------------------------
limitation, an item of Equipment with the following serial number:
1FVABTBV51HJ17394
-----------------

                                                               Lessee's Initials
                                                                    /s/ KDN

                                   Original
<PAGE>

Any sales or other applicable taxes and any personal property or other taxes
(whether or not then payable) assessable against the Equipment shall be the
responsibility of Lessee and will be payable to Lessor along with the Purchase
Option Price. Lessee must notify Lessor in writing at least ninety (90) days
prior to the expiration of the Term of Lessee's intention to return the
Equipment or to exercise any option to purchase. Failure to give such notice or
to pay the Purchase Option Price on or before the expiration of the Term will
render Lessee's option to purchase null and void. Lessor is authorized and
directed to apply the amount of any security deposit to the Purchase Option
Price and the balance, if any, of the Purchase Option Price must be received by
Lessor no later than ten (10) days after the last day of the Lease Term. Upon
receipt of the total Purchase Option Price and all other amounts payable under
this Lease, Lessor shall convey the Equipment to Lessee AS IS, WHERE IS, WITHOUT
ANY WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION,
WARRANTIES OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE.

12.   FAIR MARKET VALUE: The term "Fair Market Value" as used herein shall be
determined on the basis of, and shall be equal in amount to, the value which the
Equipment would obtain in an arms length sale transaction between an informed
and willing buyer-user (other than a buyer currently in possession) and an
informed and willing seller under no compulsion to sell and assuming that the
Equipment is then in the condition required under the terms of the Lease. If on
or before 60 days prior to the expiration of the Term of the Lease, Lessor and
Lessee are unable to agree upon a determination of the Fair Market Value of such
Equipment, such value shall be determined in accordance with the foregoing
definition by a qualified independent appraiser selected by lessor. The
appraiser shall be instructed to make such determination within a period of 45
days following appointment, but in no event later than 10 days prior to the
expiration of the Term of the Lease, and shall promptly communicate such
determination in writing to Lessor and Lessee. The appraiser's determination of
such Fair Market Value shall be conclusively binding upon both Lessor and
Lessee. The expenses and fees of the appraiser shall be borne by Lessee.

13.   TAX INDEMNITY: Lessee and Lessor agree that Lessor shall be entitled to
modified accelerated cost recovery (or depreciation) deductions with respect to
the Equipment, and should, under any circumstances whatsoever, except as
specifically set forth below, either the United States government or any state
tax authority disallow, eliminate, reduce, recapture, or disqualify, in whole or
in part, any benefits consisting of accelerated cost recovery (or depreciation)
deductions with respect to any Equipment, Lessee shall then indemnify Lessor by
payment to Lessor, upon demand, of a sum which shall be equal to the amount
necessary to permit Lessor to receive (on an after-tax basis over the full term
of this Lease) the same after-tax cash flow and after-tax yield assumed by
lessor in evaluating the transactions contemplated by this Lease (referred to
hereafter as "Economic Return") that Lessor would have realized had there not
been a loss or disallowance of such benefits, together with, on an after-tax
basis, any interest or penalties which may be assessed by the governmental
authority with respect to such loss or disallowance. In addition, if Lessee
shall make any addition or improvement to any Equipment, and as a result
thereof, Lessor is required to include an additional amount in its taxable
income, Lessee shall also pay to Lessor, upon demand, an amount which shall be
equal to the amount necessary to permit Lessor to receive (on an after-tax basis
over the full term of this Lease) the same Economic Return that Lessor would
have realized had such addition or improvement not been made. Lessor and Lessee
agree that the Class Life of the Equipment for federal income tax purposes is as
indicated on the front side of this Equipment Schedule.

Lessee shall not be obligated to pay any sums required by this section with
respect to any Equipment in the event the cause of the loss of the deductions
results solely from one or more of the following events: (1) a failure of Lessor
to timely modified accelerated cost recovery (or depreciation) deductions for
the Equipment in Lessor's tax return, other than a failure resulting from the
Lessor's determination, based upon opinion of counsel or otherwise, that no
reasonable basis exists for claiming accelerated cost recovery (or depreciation)
deductions, or (2) a failure of Lessor to have sufficient gross income to
benefit from accelerated cost recovery (or depreciation) deductions. Lessor
agrees to promptly notify Lessee of any claim made by any federal or state tax
authority against the Lessor with respect to the disallowance of cost recovery
(or depreciation) deductions.

All amounts payable by Lessee pursuant to this section shall be payable directly
to Lessor. All the indemnities contained in this section shall continue in full
force and effect notwithstanding the expiration or other termination of the
Lease in whole or in part and are expressly made for the benefit of, and shall
be enforceable by, Lessor.

Lessee's obligations under this section shall be that of primary obligor
irrespective of whether Lessor shall also be indemnified with respect to the
same matter under some other agreement by another party. The obligations of
Lessee under this section are expressly made for the benefit of, and shall be
enforceable by, Lessor without necessity of declaring the Lease in default and
Lessor may initially proceed directly against Lessee under this section without
first resorting to any other rights of indemnification it may have.

14.   DEFAULT BY LESSEE: If Lessee at any time defaults in any of its
obligations to Lessor, such default shall be considered an abandonment of all
options herein and all options herein shall immediately expire and become null
and void.

15.   OPTIONS NOT ASSIGNABLE: It is agreed that Lessee's rights under this Lease
are not assignable and that no modification of the provisions hereof shall be
binding unless in writing and signed by an officer of the party to be charged.

16.   DEFAULT AND REMEDIES: An event of default shall occur if: (a) any rental
Payment or any other amount owed by Lessee to Lessor hereunder is not paid
promptly when due; (b) Lessee breaches any warranty or provision hereof, (c)
Lessee ceases to do business as a going concern, becomes insolvent, makes an
assignment for the benefit of creditors, admits in writing its inability to pay
its debts as they become due, or takes advantage of any law for the relief of
debtors; (d) any property of Lessee is attached; (e) a petition in bankruptcy or
for an arrangement, reorganization, composition, liquidation, dissolution or
similar relief is filed by or against Lessee under any present or future
statute, law or regulation; (f) Lessee or its shareholders take any action
looking to its dissolution or liquidation; (g) a trustee or receiver is
appointed for Lessee or for any substantial part of its property; (h) if there
shall occur an (i) appropriation, (ii) confiscation, (iii) retention, or (iv)
seizure of control, custody or possession of the Equipment by any governmental
authority including, without limitation, any municipal, state, federal or other
governmental entity or any governmental agency or instrumentality (all such
entities, agencies and instrumentalities shall hereinafter be collectively
referred to as "Governmental Authority"); or (i) if anyone in the control,
custody or possession of the Equipment or the Lessee is accused or alleged or
charged (whether or not subsequently arraigned, indicted or convicted) by any
Governmental Authority to have used the Equipment in connection with the
commission of any crime (other than a misdemeanor moving violation). Upon the
occurrence of an event of default Lessee shall be in default hereunder and
Lessor may, at its option, with or without notice to Lessee (a) declare all sums
due and to become due hereunder and all other sums then owing by Lessee to
Lessor to be immediately due and payable; (b) proceed by appropriate court
action or actions or other proceedings either at law or in equity to enforce
performance by Lessee of any and all provisions of this Lease and to recover the
damages for the breach thereof; (c) require Lessee to assemble the Equipment and
deliver same forthwith to Lessor at Lessee's expense at such place as Lessor may
designate which is reasonably convenient to both parties; (d) exercise one or
more of the rights and remedies available to a secured party under the Uniform
Commerical Code, whether or not this transaction is subject thereto; (e) enter,
or its agents may enter, without notice or liability or legal process, into any
premises where the Equipment may be, or is believed by Lessor to be, and
repossess all or any part thereof, disconnecting and separating the same from
any other property and using all force necessary and permitted by applicable
law, Lessee hereby expressly waiving all further rights to possession of the
Equipment after default and all claims for injuries suffered through or loss
caused by such repossession; and/or (f) apply any security deposit or other
amounts held by Lessor to any indebtedness of Lessee to Lessor. In addition,
Lessee agrees to pay, to Lessor, as liquidated damages for loss of the bargain
and not as a penalty, (1) the Stipulated Loss Value plus (2) all expenses of
retaking, holding, preparing for sale, selling and the like, including
reasonable attorneys' fees and other legal expenses, less (3) any amount
actually received by Lessor from the re-lease, sale or other disposition of the
Equipment. Lessee hereby waives any right to trial by jury in any proceeding
arising out of this Lease. Nothing herein contained will require Lessor to re-
lease, sell or otherwise dispose of the Equipment. No remedy of Lessor hereunder
shall be exclusive of any other remedy herein or provide by law, but each shall
be cumulative and in addition to every other remedy. A waiver of a default shall
not be a waiver of any other or a subsequent default. If allowed by law, "the
reasonable fees for attorneys" retained by Lessor shall include the amount of
any flat fee, retainer, contingent fee or the hourly charges of any attorney
retained by Lessor in enforcing any of Lessor's rights hereunder or in the
prosecution or defense of any litigation related to this Agreement or the
transactions contemplated by this Agreement. All notices to Lessee relating
hereto will be considered received when delivered in person or mailed to Lessee
at the address set forth in this Agreement, or at any later address designated
in writing by Lessee.

17.   INDEMNITY: Lessor (which term as used herein includes lessor's successors,
assigns agents, and servants) shall have no responsibility or liability to
Lessee, its successors or assigns or any other person with respect to any
Liabilities (as "Liabilities" is herein defined), and Lessee hereby assumes
liability for, and hereby agrees, at its sole cost and expense, to indemnify,
defend, protect and save Lessor and keep it harmless from and against, any and
all Liabilities. The term "Liabilities" as used herein shall include any and all
liabilities, obligations, losses, damages, penalties, claims, actions, suits,
costs, expenses and disbursements of whatsoever kind and nature, including legal
fees and expenses, (whether or not any transaction contemplated hereby is
consummated) imposed on, incurred by or asserted against Lessor or the Equipment
(whether by way of strict or absolute liability or otherwise) and in any way
relating to or arising out of this Lease or the selection, manufacture,
purchase, acceptance, ownership, delivery, non-delivery, lease, possession, use,
operation, condition, servicing, maintenance, repair, improvement, alteration,
replacement, storage, return or other disposition of the Equipment (including
without limitation, (i) claims as a result of latent or patent defects, whether
or not discoverable by Lessor or Lessee, (ii) claims for trademark, patent or
copyright infringement, and (iii) tort claims of any kind (whether based on
Lessor's alleged negligence or otherwise), including claims for injury or damage
to property, or injury or death to any person (including Lessee's employees) or,
for any claim or liability hereby, indemnified against. The indemnities arising
under this paragraph shall survive payment of all other obligations under this
Lease and the termination of this Lease.

Page 3 of 4 of Lease Agreement dated 05/01/01 between Meadow Valley Contractors,
Inc. (Lessee) and Associates Leasing, Inc. (Lessor) which includes, without
limitation, an item of Equipment with the following serial number:
1FVABTBV51HJ17394
                                                               Lessee's Initials
702004 Rev 11:00                                               -----------------
se02004 woc Standard: FMV Tax Lease                              /s/ KDN
1 10                                                           -----------------
                                   Original

<PAGE>

18.     POWER OF ATTORNEY. LESSEE HEREBY APPOINTS LESSOR OR ANY OFFICER,
EMPLOYEE OR DESIGNEE OF LESSOR OR OF ANY ASSIGNEE OF LESSOR AS LESSEE'S NAME,
TO: (a) PREPARE, EXECUTE AND SUBMIT ANY NOTICE OR PROOF OF LOSS IN ORDER TO
REALIZE THE BENEFITS OF ANY INSURANCE POLICY INSURING THE EQUIPMENT; (b)
PREPARE, EXECUTE AND FILE ANY INSTRUMENT WHICH, IN LESSOR'S OPINION, IS
NECESSARY TO PERFECT AND/OR GIVE PUBLIC NOTICE OF THE INTERESTS OR SUCH
ASSIGNEE'S ATTORNEY-IN-FACT TO, IN LESSEE'S, ASSIGNEE'S OR LESSOR'S OF LESSOR IN
THE EQUIPMENT; AND (c) ENDORSE LESSEE'S NAME ON ANY REMITTANCE REPRESENTING
PROCEEDS OF ANY INSURANCE RELATING TO THE EQUIPMENT OR THE PROCEEDS OF THE SALE,
LEASE OR OTHER DISPOSITION OF THE EQUIPMENT (WHETHER OR NOT THE SAME IS A
DEFAULT HEREUNDER).

19.     PRIVACY WAIVER: Lessor may receive from and disclose to any individual,
corporation, business trust, association, company, partnership, joint venture,
or other entity (herein collectively, the "Entity"), including, without limiting
the generality of the foregoing, Lessor's parent or any affiliate or any
subsidiary of Lessor and any credit reporting agency or other entity whether or
not related to Lessor for any purpose, information about Lessee's accounts,
credit application and credit experience with Lessor and Lessee authorizes any
Entity to release to Lessor any information related to Lessee's accounts, credit
experience and account information regarding the Lessee. This shall be
continuing authorization for all present and future disclosures of Lessee's
account information, credit application and credit experience on Lessee made by
Lessor, or any Entity requested to release such information to Lessor.

20.     DEBT TRANSACTIONS. Lessor may but shall not be required to offer Lessee
the option of paying any of Lessee's obligations to Lessor through printed
checks ("Debit Transactions") drawn pursuant to this authorization upon Lessee's
checking account, using Lessee's checking account number, bank routing code and
other information which Lessee provides to Lessor prior to the first Debit
Transaction. Lessee authorizes Lessor to initiate Debit Transactions from
Lessee's checking account in the amount necessary to pay the rental payments,
delinquency charges, or such other amounts as may now or hereafter be due
hereunder or under any other present or future agreement with or which is held
by Lessor, plus a fee of ten dollars ($10.00) for each Debit Transaction
initiated by Lessor. In the event applicable law prohibits or restricts the
amount of such fee, the fee chargeable under this provision shall be limited
and/or restricted in accordance with applicable law. Lessor may from time to
time increase or decrease the Debit Transaction fee upon prior written notice
addressed to Lessee's last known address as shown on the records of Lessor and
such increase or decrease shall be effective as stated in the written notice.
Unless prohibited by applicable law, Lessee's continued use of Debit
Transactions after the effective date specified in such notice shall
conclusively establish Lessee's agreement to pay the new Debit Transaction fee
stated therein. Lessee authorizes Lessor or any officer, employee or designee of
Lessor to endorse Lessee's name as drawer on any printed check drawn in
accordance with this authorization. Until cancelled by Lessee, this
authorization shall be valid for all Debit Transactions Lessor initiates in
payment of Lessee's obligations hereunder or under any other present or future
agreement with or which is held by Lessor. This authorization may be canceled at
any time by Lessee giving at least three (3) business days prior written notice
to Lessee's bank and Lessor. Payment by Debit Transactions is not required by
Lessor nor is its use a factor in the approval of credit.

21.     GENERAL PROVISIONS: To the extent that any court of law at any time
deems Lessee to have an interest in any of the Equipment during the Term or any
Renewal Term and following the purchase by Lessee of any item of the Equipment
(whether pursuant to a purchase option or otherwise), it is the intention of the
parties that Lessor have a security interest ("PMSI") in the portion of the
Equipment (such portion, together with any proceeds thereof, is referred to as
the "Collateral") that was acquired by Lessee with funds advanced by Lessor for
the Collateral (the "PMSI Debt"). The collateral shall secure only the unpaid
balance of monies advanced by the Lessor for the acquisition of the Collateral.
The PMSI Debt shall be secured only by the Collateral and no other property of
Lessee. All payments made by Lessee to Lessor with reference to this Lease shall
be applied first to late charges, then to any other fees or other amounts
payable hereunder other than the PMSI Debt, until all of such indebtedness is
paid in full, and then to the PMSI Debt, and all proceeds of the Collateral
shall be applied only to the payment of PMSI Debt. Upon payment in full of the
PMSI Debt, all security interests of Lessor in the Collateral shall be
terminated. This provision controls over any conflicting provision of language
in this Agreement or in any other agreement between Lessor and Lessee unless the
parties mutually agree in writing in a subsequent agreement to override this
provision.
Any provisions hereof contrary to, prohibited by or invalid under applicable
laws or regulations shall be inapplicable and deemed omitted herefrom, but shall
not invalidate the remaining provisions hereof. This Lease and any addenda
referred to herein constitute the entire agreement of the parties hereto. No
oral agreement, guaranty, promise, condition, representation or warranty shall
be binding. All prior conversations, agreements or representations related
hereto and/or to the Equipment are superseded hereby, and no modification hereof
shall be binding unless in writing and signed by an officer of the party to be
bound. The only copy of this Lease that will constitute "chattel paper" for
purposes of the Uniform Commercial Code is the original of this Lease marked
"Original For Associates".

22.     RENEWAL. Unless Lessee notifies Lessor in writing at least ninety (90)
days prior to the expiration of the Term of Lessee's intention to return the
Equipment or to exercise any option to purchase, or Lessor notifies Lessee in
writing at least ninety (90) days prior to the expiration of the Term of
Lessor's intention to terminate this Lease, this Lease will automatically renew
and continue on a month to month basis following the initial Term ("Renewal
Term") until such time as either Lessor or Lessee provides the other party with
at least ninety (90) days prior written notice of that party's intention to
terminate this Lease. Rental Payments will continue to be due and owing until
expiration of such notice period. All of the terms and provisions of this Lease
shall govern during any Renewal Term, except that any option on the part of
Lessee to purchase the Equipment shall automatically expire on the expiration
of the Term and shall be inapplicable to any Renewal Term.

23.     RETURN OF EQUIPMENT: If Lessee does not exercise, or is precluded from
exercising, the option to purchase the Equipment at the expiration of the Term
or any Renewal Term of this Lease, Lessee shall, at Lessee's sole cost and
expense, return all, but not less than all, of the Equiptment to Lessor
immediately upon the expiration of the Term or any Renewal Term of this Lease
pursuant to the terms and conditions contained in Lessor's Standard Return
Conditions for equipment similar to the Equipment subject to this Lease (a copy
of which has been delivered to Lessee in conjunction with this lease).

If Lessee does not surrender the Equipment to Lessor as herein provided, Lessee
will be in default of this Lease as to such Equipment, and Lessee shall pay
Lessor, as liquidated damages and not as penalty, an amount equal to one hundred
ten percent (110%) of the Monthly Rental Payment applicable to such Equipment.
Such payment shall commence with the month immediately following the end of the
Term or any Renewal Term and shall continue thereafter monthly until the
Equipment is returned to Lessor. Lessee agrees that such liquidated damages are
a reasonable estimate and fair compensation for the costs, expenses, residual
value exposure and other losses, which are incapable of an exact determination,
incurred by Lessor as a result of Lessees retaining possession of the Equipment
beyond the end of the Term or any Renewal Term. Notwithstanding the foregoing,
Lessor shall have the right to obtain immediate possession of the Equipment at
any time after the end of the Term or any Renewal Term for such Equipment.
--------------------------------------------------------------------------------
         DELIVERY AND ACCEPTANCE OF EQUIPMENT (Check Appropriate Box)

Lessee's obligations and liabilities under this Lease are absolute and
unconditional under all circumstances and regardless of any failure of operation
or loss of possession of any item of Equipment or the cessation or interruption
of Lessee's business for any reason whatsoever.

     On   4-30-01   , the Equipment leased under this Lease was delivered to
        ------------
     Lessee with all installation necessary for the proper use of the Equipment
     completed at a location agreed to by Lessee and the Equipment was inspected
     by Lessee and found to be in satisfactory condition in all respects and
     delivery thereof was unconditionally accepted by Lessee.

     The Equipment leased under this Lease has not yet been delivered to or
     accepted by Lessee and, upon delivery, Lessee agrees to execute such
     delivery and acceptance certificate as Lessor or Lessor's assignee
     requires.

================================================================================
THE UNDERSIGNED HEREBY AGREE TO ALL THE TERMS AND PROVISIONS SET FORTH ON ALL
FOUR PAGES OF THIS LEASE AND ALL RIDERS EXECUTED IN CONNECTION HEREWITH. LESSEE
ACKNOWLEDGES RECEIPT OF A COMPLETE COPY OF THIS LEASE TOGETHER WITH ALL RIDERS
AND OF LESSOR'S STANDARD RETURN CONDITIONS.

<TABLE>
<S>                                                <C>
LESSEE:                                            LESSOR:

Meadow Valley Contractors, Inc.                    Associates Leasing, Inc.

By /s/ Kenneth D. Nelson                           By /s/ Jennifer Wedzick
  -----------------------------------------------    ----------------------------------------------
Title  Vice President                              Title  Credit Manager
     --------------------------------------------       -------------------------------------------
Date: 05/01/01 Federal Tax ID #: 88-0171959        Date: 05/01/01 Federal Tax ID #: 351149729
     ----------                 -----------------       ----------                 ----------------
Page 4 of 4 of Lease Agreement dated 05/01/01  between   Meadow Valley Contractors, Inc.   (Lessee)
                                    ----------         -----------------------------------
and   Associates Leasing, Inc.                     (Lessor) which includes, without limitation, an
    ----------------------------------------------
item of Equipment with the following serial number:
      1FVABTBV51HJ17394
    ---------------------------
</TABLE>

                                   Original

<PAGE>

                          AMENDMENT TO LEASE AGREEMENT
                         (PURCHASE AND RENEWAL OPTIONS)
[LOGO OF THE ASSOCIATES]

This Amendment To Lease Agreement (this "Amendment") is attached to and
incorporated into the terms of that certain Lease Agreement (the "Lease") bet as
Lessor, and Meadow Valley Contractors, Inc., as Lessee, dated 5/1/01.
            --------------------------------                  ------

For good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the Lessor and Lessee hereby agree to amend the Lease as
follows:

1. Paragraph 11 of the Lease is hereby deleted and the following inserted in
lieu thereof:

     11. OPTIONS AVAILABLE TO LESSEE:

     A.   Option To Purchase During Term. Lessor hereby grants to Lessee the
          option to purchase all, but not less than all, of the Equipment
          described in the Lease on 5/15/04 (the "Option Date") upon the
                                    -------
          following terms and conditions: (1) Lessee gives Lessor written notice
          of Lessee's intent to exercise this option to purchase at least 60 but
          not more than 90 days prior to the Option Date and (2) Lessee has paid
          all Rental Payments accruing prior to the Option Date on or before the
          Option Date. Failure to give such notice or to pay the Term Option
          Price on or before the Option Date will render the Lessee's option to
          purchase null and void. The purchase price for the Equipment on the
          Option Date will be the then Fair Market Value of the Equipment which,
          for purposes of the Option Date only, Lessor and Lessee agree will be
          $28,042.75 plus an amount equal to any applicable taxes on the above
           ---------
          sum (the "Term Option Price"). Lessor and Lessee agree that the Term
          Option Price is a reasonable prediction of the then Fair Market Value
          of the Equipment. The Term Option Price will be payable on the Option
          Date in cash or, at Lessee's option, as provided in Paragraph B. of
          this Amendment. Upon such payment, Lessor will execute a bill of sale
          conveying title to the Equipment to Lessee on an "AS IS, WHERE IS"
          BASIS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND.

     B.   Conversion Option During Term. In the event Lessee exercised Lessee's
          option to purchase the Equipment on the Option Date as provided in
          paragraph A above, Lessee may elect to pay the Term Option Price to
          Lessor upon the following terms and conditions: (1) Lessee agrees to
          pay the Term Option Price in 24 equal consecutive monthly installments
                                       --
          of $1,287.57 each with the first such installment payable on the
             ---------
          Option Date and each succeeding installment payable on a like date of
          each month thereafter until fully paid and provided that the final
          installment will be in the amount of the then remaining unpaid
          balance. In addition to the payment provided above, Lessee promises
          and agrees to pay interest at the rate of 9.5% per annum payable
                                                    ---
          monthly on the unpaid principal balance; (2) Lessee agrees to give
          Lessor written notice of Lessee's election pursuant to this Paragraph
          at least 60 but not more than 90 days prior to the Option Date
          (failure to give such notice on or before the Option Date will render
          the Lessee's "Conversion Option" null and void); (3) Lessee grants to
          Lessor, its successors and assigns, a security interest in the
          Equipment complete with all present and future attachments,
          accessories, replacement parts, repairs, additions, and all proceeds
          thereof, all herein referred to collectively as "Collateral" to secure
          payment and performance of the foregoing obligations and all absolute
          and all contingent obligations and liabilities of Lessee to Lessor, or
          to any assignee of Lessor; (4) Lessee will be a "debtor" and Lessor a
          "secured party" as those terms are used under the Uniform Commercial
          Code; (5) Lessee agrees, at its own cost and expense, to do everything
          necessary or expedient to perfect and preserve the security interest
          of Lessor granted hereunder; and (6) All of the terms and provisions
          of the Lease will be and remain in full force and effect except as
          indicated in this paragraph.

     C.   Option to Purchase Upon Expiration of Term: Lessor hereby grants to
          Lessee the option to purchase all, but not less than all, of the
          Equipment described in the Lease at the expiration of the Term
          provided that Lessee is not then in default under the terms of the
          Lease and that Lessee gives Lessor written notice of Lessee's intent
          to exercise this option to purchase at least 90 but not more than 120
          days prior to the expiration of the Term of the Lease. Failure to give
          such notice on or before the expiration of the Term of the Lease, will
          render the Lessee's option to purchase null and void. The purchase
          price will be payable on the expiration date of the Lease. The
          purchase price to be paid to Lessor for the Equipment will be the then
          Fair Market Value of the Equipment which Lessor and Lessee agree will
          be $12,605.00, plus an amount equal to the Rental Payments then
             ----------
          unpaid under the terms of

                                       1
<PAGE>

          the Lease, plus applicable taxes, if any, on the above sum, all
          payable in cash. Lessor and Lessee agree that the foregoing purchase
          price is a reasonable prediction of the Fair Market Value of the
          Equipment at the expiration of the Term. Upon such payment, Lessor
          will execute a bill of sale conveying title to the Equipment to Lessee
          on an "AS IS, WHERE IS" BASIS, WITHOUT REPRESENTATIONS OR WARRANTIES
          OF ANY KIND.

     D.   Renewal of Lease: In the event that Lessee does not exercise or is
          precluded from exercising Lessee's option specified in Paragraph C,
          the Lease will renew and continue with respect to all, but not less
          than all, of the Equipment described in the Lease, following the
          expiration of the Term of the Lease, for a period of 12 months (the
          "Renewal Term"), upon the following terms and conditions: (1) Lessee
          must pay to Lessor for the Renewal Term 12 Rental Payments in the
          amount of $1,105.25 each for each month of the Renewal Term, which
          will be due and payable on the first day of each month during the
          Renewal Term and (2) all of the terms and conditions of the Lease will
          continue to remain in full force and effect during the Renewal Term
          and, if this option to renew becomes effective, the word "Term"
          wherever the same appears in the Lease will include the Renewal Term.

     E.   Option To Purchase On Expiration Of Renewal Term: Lessor hereby grants
          to Lessee the option to purchase all, but not less than all, of the
          Equipment described in the Lease at the expiration of the Renewal Term
          provided that Lessee is not then in default under the terms of the
          Lease and that Lessee gives Lessor written notice of Lessee's intent
          to exercise this option to purchase at least 90 but not more than 120
          days prior to the expiration of the Renewal Term. Failure to give such
          notice on or before the expiration of the Renewal Term of the Lease,
          will render the Lessee's option to purchase null and void. The
          purchase price will be payable on the expiration of the Renewal Term.
          The purchase price to be paid to Lessor for the Equipment will be the
          then Fair Market Value (as defined in the Lease) of the Equipment plus
          an amount equal to the Rental Payments then unpaid under the terms of
          the Lease, plus applicable taxes, if any, payable in cash. Upon such
          payment, Lessor will execute a bill of sale conveying title to the
          Equipment to Lessee on an "AS IS, WHERE IS" BASIS, WITHOUT
          REPRESENTATIONS OR WARRANTIES OF ANY KIND.

2.   Paragraph 21 of the Lease is hereby deleted and the following inserted in
     lieu thereof:

     RETURN OF EQUIPMENT: If Lessee does not exercise, or is precluded from
     exercising, the option to purchase the Equipment at the expiration of the
     Renewal Term of this Lease, Lessee shall, at Lessee's sole cost and
     expense, return all, but not less than all, of the Equipment to Lessor
     immediately upon the expiration of the Renewal Term of this Lease pursuant
     to the terms and conditions contained in Lessor's Standard Return
     Conditions for equipment similar to the Equipment subject to this Lease (a
     copy of which has been delivered to Lessee in conjunction with this Lease).
     If Lessee does not surrender the Equipment to Lessor as herein provided,
     Lessee will be in default of this Lease as to such Equipment, and Lessee
     shall pay Lessor, as additional liquidated damages and not as penalty, an
     amount equal to one hundred ten percent (110%) of the Monthly Rental
     Payment applicable to such Equipment. Such payment shall commence with the
     month immediately following the end of the Renewal Term and shall continue
     thereafter monthly until the Equipment is returned to Lessor. Lessee agrees
     that such liquidated damages are a reasonable estimate and fair
     compensation for the costs, expenses, residual value exposure and other
     losses, which are incapable of an exact determination, incurred by Lessor
     as a result of Lessees retaining possession of the Equipment beyond the end
     of the Renewal Term. Notwithstanding the foregoing, Lessor shall have the
     right to obtain immediate possession of the Equipment at any time after the
     end of the Renewal Term for such Equipment.

3.   DEFINED TERMS: The terms "Equipment", "Fair Market Value", "Rental
     Payments", and "Term" as used herein have the same meaning as defined in
     the Lease (and as modified in this Agreement).

4.   DEFAULT BY LESSEE: If Lessee at any time defaults in any of its obligations
     to Lessor, such default will be considered an abandonment of the options
     contained in this Agreement and the options herein will immediately expire
     and become null and void.

5.   OPTIONS NOT ASSIGNABLE: It is agreed that Lessee's rights under this
     Amendment are not assignable and that no modification of the provisions
     hereof will be binding unless in writing and signed by an officer of the
     party to be charged.

6.   Except as expressly modified hereby, the Lease is and shall remain in full
     force and effect.

Lessor Associates Leasing, Inc.          Lessee Meadow Valley Contractors, Inc.
       -----------------------                  -------------------------------
By /s/ Jennifer Wedzick                  By /s/ Kenneth D. Nelson

Title CREDIT MANAGER                     Title VICE PRESIDENT

                                        2<PAGE>

                                                                  Exhibit 10.150

LESSOR:                         Lease Agreement

M&I FIRST NATIONAL LEASING CORP.
250 East Wisconsin Avenue, Suite 1400
Milwaukee, WI 53202                                             Lease No. 149176
                                                                         -------

--------------------------------------------------------------------------------
  LESSEE (hereinafter also referred to as "You" or "Your")
  --------------------------------------------------------

Full Legal Name

MEADOW VALLEY CONTRACTORS INC.

--------------------------------------------------------------------------------
Address                 City               State        Zip        County

P O BOX 60726           PHOENIX             AZ          85040

--------------------------------------------------------------------------------
  VENDOR       Name                 City                State
  ------

TARMAC INC                          INDEPENDENCE        MO

--------------------------------------------------------------------------------
          TERMS AND CONDITIONS . PLEASE READ CAREFULLY BEFORE SIGNING
--------------------------------------------------------------------------------
Quantity     Type, Make, Model Number of Equipment Rented              Serial #

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
               [X] See attached schedule for addition equipment.
--------------------------------------------------------------------------------
  EQUIPMENT LOCATION (if other than above)    City        State       County
  ----------------------------------------

--------------------------------------------------------------------------------
  TERM AND RENT     $1.00 BUYOUT     ADVANCE RENTAL PAYMENTS $1907.05 (plus tax)
  -------------                      To be applied against the first and last
                                     _____ rental payments due under this lease.

48 MONTHLY RENTAL PAYMENTS OF $1774.00 plus tax      SECURITY DEPOSIT $________
--                             -------
--------------------------------------------------------------------------------

1.  LEASE AGREEMENT. Subject to the terms of this Lease, Lessor (also referred
    to as "We", "Us" and "Our") agrees to lease to Lessee (also referred to as
    "You" and "Your"), and You agree to lease from Us, the equipment described
    above ("Equipment") or in any schedule ("Schedule") incorporating this Lease
    Agreement ("Lease") by reference that is signed by You and approved by Us.
    The lease of Equipment described in this Lease and the lease of Equipment
    described in each Schedule will constitute separate leasing transactions,
    each of which is referred to herein as a Lease. This Lease contains the
    entire arrangement between You and Us and no modifications of this Lease
    shall be effective unless in writing and signed by the parties.

2.  DELIVERY AND ACCEPTANCE OF EQUIPMENT. Acceptance of the Equipment occurs
    upon delivery. When You receive the Equipment, You agree to inspect it and
    verify by telephone or in writing such information as We may require. You
    hereby authorize Us to either insert or correct the Lease number, serial
    numbers, model numbers, beginning date, signature date, and Your name. ONCE
    YOU SIGN THIS LEASE AND LESSOR ACCEPTS IT, THIS LEASE WILL BE NONCANCELLABLE
    FOR THE FULL LEASE TERM.

3.  GOVERNING LAW, CONSENT TO JURISDICTION AND VENUE OF LITIGATION. This Lease
    and each Schedule shall be governed by the internal laws for the state in
    which Lessor's or Lessor's assignee's principal corporate offices are
    located. IF THIS LEASE IS ASSIGNED, YOU AGREE THAT ANY DISPUTE ARISING UNDER
    OR RELATED TO THIS LEASE WILL BE ADJUDICATED IN THE FEDERAL OR STATE COURT
    WHERE THE ASSIGNEE'S CORPORATE HEADQUARTERS IS LOCATED AND WILL BE GOVERNED
    BY THE LAW OF THAT STATE. YOU HEREBY CONSENT TO PERSONAL JURISDICTION AND
    VENUE IN THAT COURT AND WAIVE ANY RIGHT TO TRANSFER VENUE. EACH PARTY WAIVES
    ANY RIGHT TO A TRIAL BY JURY.

4.  FACSIMILE SIGNATURES. You agree that a facsimile copy of this Lease bearing
    authorized signatures may be treated as an original.

             SEE REVERSE SIDE FOR ADDITIONAL TERMS AND CONDITIONS
--------------------------------------------------------------------------------
THIS LEASE IS SUBJECT TO THE TERMS AND CONDITIONS PRINTED ON THIS SIDE AND ON
THE REVERSE SIDE, ALL OF WHICH PERTAIN TO THIS LEASE AND WHICH YOU ACKNOWLEDGE
HAVING READ. THIS LEASE IS NOT BINDING UNTIL ACCEPTED BY LESSOR. YOU CERTIFY ALL
ACTIONS REQUIRED TO AUTHORIZE THE EXECUTION OF THIS LEASE, INCLUDING YOUR
AUTHORITY, HAVE BEEN FULFILLED.

<TABLE>
<CAPTION>

LESSOR: (As Stated Above)                                        LESSEE: (As Stated Above)
<S>                       <C>                                    <C>                       <C>
By:                       Date Accepted:                         X /s/ Kenneth D. Nelson   Date Accepted: 5-15-01
   ---------------------                --------------------       ---------------------                 -----------
         Signature

Title:                                                           Title: VICE PRESIDENT
      ------------------                                               -----------------
</TABLE>
--------------------------------------------------------------------------------
                       UNCONDITIONAL GUARANTY TO LESSOR

In consideration of Lessor entering into the above Lease in reliance of this
guarantee, the undersigned, jointly and severally, unconditionally and
irrevocably guarantee to Lessor and to any assignee of Lessor, the prompt
payment and performance of all obligations under this Lease and all existing and
future Leases with Lessor. The undersigned agree: (a) that this is a guarantee
of payment and not of collection and that Lessor may proceed directly against
the undersigned without disposing of any security or seeking to collect from
Lessee; (b) to waive all defenses and notices, including those of protest,
presentment and demand; (c) that Lessor may extend or otherwise change the terms
of the Lease without notice to the undersigned; and (d) to pay all of Lessor's
costs of enforcement and collection. This guarantee survives the bankruptcy of
the Lessee and binds the undersigned's administrators, successors and assigns
and WILL BE GOVERNED AND CONSTRUED IN ACCORDANCE WITH THE PROVISIONS OF
PARAGRAPH 3 OF THIS LEASE.

x                        , Individually      X                    , Individually
 ------------------------                     --------------------
--------------------------------------------------------------------------------
LeaseAgreement-TwoPage-M&I(0300)

<PAGE>

6.   NET LEASE. YOU AGREE THAT YOU ARE UNCONDITIONALLY OBLIGATED TO PAY ALL RENT
     AND OTHER AMOUNTS DUE FOR THE ENTIRE LEASE TERM NO MATTER WHAT HAPPENS,
     EVEN IF THE EQUIPMENT IS DAMAGED OR DESTROYED, IF IT IS DEFECTIVE OR IF YOU
     NO LONGER CAN USE IT. YOU ARE NOT ENTITLED TO REDUCE OR SET-OFF AGAINST
     RENT OR OTHER AMOUNTS DUE TO US OR TO ANYONE TO WHOM WE TRANSFER THIS
     LEASE, WHETHER YOUR CLAIM ARISES OUT OF THE LEASE, ANY STATEMENT BY THE
     VENDOR, OR ANY MANUFACTURER'S OR VENDOR'S LIABILITY, STRICT LIABILITY OR
     NEGLIGENCE OR OTHERWISE. THIS LEASE IS A "FINANCE LEASE" AS DEFINED IN
     ARTICLE 2A OF THE UNIFORM COMMERCIAL CODE.
7.   DISCLAIMER OF WARRANTIES. THE EQUIPMENT IS BEING LEASED TO YOU IN "AS-IS"
     CONDITION. NO INDIVIDUAL IS AUTHORIZED TO CHANGE ANY PROVISION OF THIS
     LEASE. YOU AGREE THAT WE HAVE NOT MANUFACTURED THE EQUIPMENT AND THAT YOU
     HAVE SELECTED THE EQUIPMENT BASED UPON YOUR OWN JUDGMENT. YOU HAVE NOT
     RELIED ON ANY STATEMENTS WE OR OUR EMPLOYEES HAVE MADE. WE HAVE NOT MADE
     AND DO NOT MAKE ANY EXPRESS OR IMPLIED REPRESENTATIONS OR WARRANTIES
     WHATSOEVER, INCLUDING WITHOUT LIMITATION, ANY CLAIM THAT YOU MAY HAVE OR
     ASSERT AGAINST THE VENDOR OR EQUIPMENT MANUFACTURER, THE EQUIPMENT'S
     MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, SUITABILITY, DESIGN,
     CONDITION, DURABILITY, OPERATION, QUALITY OF MATERIALS OR WORKMANSHIP, OR
     COMPLIANCE WITH SPECIFICATIONS OR APPLICABLE LAW. You are aware of the
     Equipment manufacturer and You will contact the manufacturer for a
     description of Your warranty rights, if any. Provided You are not in
     default under this Lease, You may enforce all warranty rights directly
     against the manufacturer of the Equipment. You agree to settle any dispute
     You may have regarding performance or maintenance of the Equipment directly
     with the manufacturer or Vendor of the Equipment.
8.   TERM, RENT AND SECURITY DEPOSIT. Payments are due monthly, beginning the
     date Equipment is delivered to You, or any later date designated by Us and
     continuing on the same day of each following month until fully paid. We may
     charge You a reasonable fee to cover documentation and investigation costs.
     Security deposits and rental payments may be commingled and do not earn
     interest. You may not payoff this Lease in full and return the Equipment
     prior to the end of the lease term without our consent and We may charge
     You, in addition to the other amounts owed under this Lease, an early
     termination fee equal to five percent (5%) of the total amount We paid for
     the Equipment.
9.   USE AND MAINTENANCE. You agree that the Equipment will be used for business
     purpose only. You will keep the Equipment in good repair, condition and
     working order, except ordinary wear and tear, and will furnish all parts
     and servicing required. Equipment supplies and maintenance are not part of
     this Lease. You may modify the Equipment only with Our prior written
     consent.
10.  LOCATION, INSPECTION AND RETURN OF EQUIPMENT. You will not move the
     Equipment from its location noted in the Lease without Our prior written
     consent. We will have the right to enter the premises where the Equipment
     is located, in order to confirm the existence, condition and proper
     maintenance of the Equipment. At the expiration of the Lease term or other
     termination, You will immediately return Equipment at Your expense in
     Average Saleable Condition, to such place as is designated by Us. "Average
     Saleable Condition" means the Equipment is immediately available for use by
     another lessee without the need of any repair or refurbishment. Should You
     fail to return the Equipment at the end of the Lease term, renewal of the
     Lease will be automatic on a monthly basis, despite written notification
     from You to the contrary.
11.  LOSS OR DAMAGE. You assume and bear the risk of loss or damage to the
     Equipment. If the Equipment is lost or damaged, You agree to replace or
     repair the Equipment and to continue to pay rent.
12.  INSURANCE. You will keep the Equipment fully insured against loss, for not
     less than the replacement cost of the Equipment, and will obtain a general
     public liability insurance policy, covering the Equipment and its use. You
     will name Us as an additional named insured and any loss payee on any such
     policy and will provide Us with certificates or other evidence of insurance
     acceptable to Us, before this Lease term begins. In the event You fail to
     procure the insurance required, We may obtain such insurance and charge you
     an insurance fee. Any insurance proceeds received with respect to the
     Equipment will be applied, at Our option, (i) to repair, restore or replace
     the Equipment, or (ii) to pay to Us the remaining balance of the Lease plus
     Our estimated residual value, both discounted at 6% per year, whereupon
     this Lease will terminate.
13.  INDEMNITY.We are not responsible for any losses or injuries caused by the
     installation or use of the Equipment, and You agree to indemnify Us with
     respect to all claims for losses imposed on, incurred by or asserted
     against Us including attorney's fees and costs of defense, plus interest,
     where such claims in any way relate to the Equipment. Furthermore, You
     agree, if requested by Lessor, to defend Us against any claims for losses
     or injuries caused by the Equipment.
14.  TAXES. You agree that You will pay when due either directly or by
     reimbursing Us, all taxes relating to this Lease and the Equipment.
15.  DELINQUENT AMOUNTS AND ADVANCES. If any rent or additional amounts required
     to be paid by You under this Lease are not paid when due, such overdue
     amount will accrue interest, from the due date until paid, at the lower one
     and one-half percent (1.5%) per month or the highest rate allowed by
     applicable law. In addition, You will pay Us a "late charge" equal to the
     greater of ten (10) cents for each dollar overdue of twenty-five dollars
     ($25.00), or if less, the highest lawful charge. This late charge will be
     due and payable with the next monthly rental payment due. In the event that
     We have to make advance payments of any kind to preserve the leased
     property, or to discharge any tax, the amount advanced by Us will be
     repayable by You to Us, together with interest until paid.
16.  DEFAULT AND REMEDIES. Any of the following events or conditions will
     constitute default hereunder: (a) You fail to pay any sum due Us on or
     before the due date thereof; (b) You fail to observe or perform any other
     term, covenant or condition of this Lease and such failure continues for
     ten (10) days following the receipt of written notice from Us; (c) the
     filing by or against You of a petition under the Bankruptcy Code or under
     any other insolvency law providing for the relief of debtors; (d) the
     voluntary or involuntary making of an assignment or sale of a substantial
     portion of your assets, appointment of a receiver of trustee for You or for
     Your assets, commencement of any formal or informal proceeding for
     dissolution, liquidation, settlement of claims against or winding up of
     Your affairs, or You cease doing business as a going concern; (e) any
     representation or warranty made by You herein or in any document delivered
     by You in connection here will prove to have been misleading in any
     material respect when made; or (f) You are in default under any other
     contract with Us. Upon the occurrence of an event of default, We may, at
     Our option, require You pay 1) all past due amounts under this Lease, and
     2) all future amounts owed for the unexpired term, discounted at the rate
     or 6% per annum. Upon a default, We may also choose to repossess the
     Equipment. If We do not choose to repossess the Equipment, You will also
     pay to Us our estimated residual value for the Equipment. We may also use
     any other remedies available to Us under applicable law. Although You agree
     that We have no obligation to sell the Equipment, if We do sell the
     Equipment, We will reduce the amount You owe by what We receive less
     applicable expenses. These remedies will be applied, to the extent allowed
     by law, cumulatively. In addition, You agree to pay Us all costs and
     expenses, including attorney's fees, incurred by Us, in exercising or
     attempting to exercise any of its rights or remedies. If this Lease is
     deemed to create a security interest, remedies will include those available
     under Article 9 of the UCC. A waiver of default shall not be construed as a
     waiver of any other or subsequent default.
17.  ASSIGNMENT AND PURCHASE ORDER. YOU HAVE NO RIGHT TO SELL, TRANSFER, ASSIGN
     OR SUBLEASE THE EQUIPMENT OR THIS LEASE. We may sell, assign or transfer
     this Lease or Our rights in the Equipment. You agree that if We sell,
     assign or transfer this Lease, the new owner will have Our rights, but it
     will not be subject to any claim, defense or set-off that You assert
     against Us or any other party.
18.  MISCELLANEOUS. If a court finds any provision of this Lease to be
     unenforceable, the remaining terms of this Lease shall remain in effect.
     All of Your written notices to Us must be sent by certified mail. You agree
     that this Lease is the entire agreement between You and Us regarding the
     lease of the Equipment and supersedes the terms and conditions contained in
     any purchase order relating to the Equipment.
19.  OPTION TO PURCHASE AND RENEW. Provided You are not in default, We grant You
     the option to purchase all (not part) of the Equipment at the expiration of
     the term of this Lease for its then fair market value, payable in cash to
     Us or Our Assignee, AS-IS, WHERE IS, WITH NO EXPRESS OR IMPLIED WARRANTY.
     Renewal of this Lease will be automatic, on a monthly basis, unless You
     deliver to Us written notice at least sixty (60) days prior to the
     expiration of the term or the renewal term.
20.  CUSTOMER WAIVERS. You waive notices of Our intent to accelerate the rent,
     the acceleration of the rent and of the enforcement of Our rights. To the
     extent You are permitted by law, You waive all rights and remedies You have
     by Article 2A (Sections 508-522) of the Uniform Commercial Code, including
     but not limited to Your rights to: (i) cancel or repudiate the Lease; (ii)
     reject or revoke acceptance of the Equipment; (iii) recover damages from Us
     for any breach of warranty or for any other reason; and (iv) grant a
     security interest in any Equipment in Your possession. To the extent You
     are permitted to by law, You also waive any rights You now or later may
     have under any statute or otherwise which require Us to sell, lease or
     otherwise use any Equipment to reduce Our damages or which may otherwise
     limit or modify any of Our rights or remedies. Any action You take against
     Us for any default, including breach of warranty or indemnity, must be
     started within one (1) year after the event which caused it. We will not be
     liable for specific performance of this Lease or for any losses, damages,
     delay or failure to deliver the Equipment. You authorize Us to sign on Your
     behalf and file at any time any documents in connection with the UCC.

<PAGE>

                                  SCHEDULE A
                                  ----------

LEASE # 149176
MEADOW VALLEY CONTRACTORS INC

1-USED MF BIN
1-FILL VALVE WITH AIR RAM SOLENOID
1-AIR VENT & PIPE INTO MF BIN
2-FLEX BOOTS
PKG-LOAD CELLS, RODS, CHAINS, WIRED TO SUMMING J BOX
1-ROTARY VALVE 1 HP DC MOTOR
1-ROTARY VALVE SCR DC CONTROLLER, BRONCO
1-USED DIGI CONTROLLER AUTOMATIC CONTROLS USING
CUSTOMER SUPPLED WEIGH BRIDGE SIGNAL
1-SAND BLAST & PAINT PRIMER AND TOP COAT GREY
1-20' TUBULAR AUGER 15HP DRIVE, REDUCER DRIVE GUARD

SIGNATURE X  /s/ Kenneth D. Nelson
             -----------------------------
DATE X 5-15-01
       --------------------------

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