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Exhibit 4.1    
    

No.            

THIS
WARRANT MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED PRIOR TO            , 2006. THE REGISTERED HOLDER OF THIS WARRANT BY ITS ACCEPTANCE HEREOF, AGREES THAT IT WILL NOT SELL, TRANSFER OR ASSIGN
THIS WARRANT PRIOR TO THAT DATE OTHER THAN TO AN OFFICER OR PARTNER OF SUCH HOLDER. 

NOT
EXERCISABLE PRIOR TO                        , 2006. VOID AFTER 5:00 P.M. EASTERN TIME,
                        , 2010.
 

 
 

UNDERWRITERS' WARRANT    
    
    To Purchase Up To 100,000 Shares    
    
    of    
    
    READY MIX, INC.
  (A Nevada Corporation)    
    

        THIS CERTIFIES THAT, in consideration of $100.00 aggregate purchase price duly paid by HD Brous & Co., Inc., its successors or assigns as provided
herein (the "Holder"), as registered owner of this Warrant is entitled to at any time or from time to time at or
after                        , 2006 and at or before 5:00 p.m., Eastern Time,
                        , 2010 (the "Termination Date"), but not thereafter, to subscribe for, purchase and receive 100,000 Shares
of common stock, no par value ("Common Stock") of Ready Mix, Inc. (the
"Company"). This Warrant is exercisable at $14.40 per share so purchased (the "Exercise Price"), upon presentation and surrender of this Warrant and upon payment of the Exercise Price for such of the
Common Stock at the principal office of the Company; provided, however, that upon the occurrence of any of the events specified in the Statement of Rights of Warrant, a copy or which is attached as
Annex I hereto and by this reference made a part hereof, the rights granted by this Warrant, including the number of Common Stock to be received upon such exercise, shall be adjusted as therein
specified. If the Termination Date is a day on which banking institutions are authorized by law to close, then this Warrant may be exercised in accordance with the terms herein on the next succeeding
day which is not such a day on which banking institutions are authorized by law to close. During the period ending on the Termination Date, the Company agrees not to take any action that would
terminate the Warrant. 

        This
Warrant may be exercised, in whole or in part, at any time and from time to time during the Exercise Period. Such exercise shall be accomplished by tender to the Company of the
purchase price set forth above as the warrant price (the "Warrant Price"), either (a) in cash, by wire transfer or by certified check or bank cashier's check, payable to the order of the
Company, or (b) by surrendering all or a portion of the of the Warrant using the amount by which the Fair Market Value, as defined, exceeds the Warrant Price to purchase a number of shares of
Common Stock without the payment of any cash as illustrated in the formula provided below (a "Cashless Exercise"), together with presentation and surrender to the Company of this Warrant with an
executed form of election and instructions for registration in substantially the form attached hereto as Exhibit A. Upon receipt of the
foregoing, the Company will deliver to the Holder, as promptly as possible but in no event more than three business days, a certificate or certificates representing the shares of Common Stock so
purchased, registered in the name of the Holder or its transferee. With respect to any exercise of this Warrant, the Holder will for all purposes be deemed to have become the holder of record of the
number of shares of Common Stock purchased hereunder on the date this Warrant and payment of the Warrant Price is received by the Company (the "Exercise Date"), irrespective of the date of delivery of
the certificate evidencing such shares, except that, if the date of such receipt is a date on which the stock transfer books of the Company are closed, such person will be deemed to have become the
holder of such shares at the close of business on the next succeeding date on which the stock transfer books are open. Fractional shares of Common Stock will not be issued upon the exercise of this
Warrant. In lieu of any fractional shares that would have been issued but for the immediately preceding sentence, the Holder 

 

will
be entitled to receive cash equal to the current Fair Market Value of such traction of a share of Common Stock on the trading day immediately preceding the Exercise Date. In the event this
Warrant is exercised in part, the Company shall issue a new Warrant to the Holder covering the aggregate number of shares of Common Stock as to which this Warrant remains exercisable for. 

        If
the Holder elects to conduct a Cashless Exercise, the Company shall cause to be delivered to the Holder a certificate or certificates representing the number of shares of Common Stock
computed using the following formula: 

	 	 	X = Y	 	(A-B)
 A	 	 
	 	 	Where:	 	 	 	 
	

 	
 	

 	
 	

X =	
 	

the number of shares of Common Stock to be issued to the Holder;
	

 	
 	

 	
 	

Y =	
 	

the portion of the Warrant (in number of shares of Common Stock) being exercised by the Holder (at the date of such calculation);
	

 	
 	

 	
 	

A =	
 	

the Fair Market Value of one share of Common Stock on the Exercise Date (as calculated below); and
	

 	
 	

 	
 	

B =	
 	

the Warrant Price.

For
purposes of the foregoing calculation, "Fair Market Value of one share of Common Stock on the Exercise Date" shall mean: (i) if the principal trading market for such securities is a
national securities exchange, the Nasdaq Stock Market or the Over-the-Counter Bulletin Board ("OTCBB"), the closing or last sale price on such exchange or market (during
regular hours) on the last trading day immediately prior to such Exercise Date; or (ii) if (i) is not applicable, and if bid and ask prices for shares of Common Stock are reported by the
National Quotation Bureau ("NQB"), the average of the high bid and low ask prices so reported on the last trading day immediately prior to such Exercise Date. Notwithstanding the foregoing, if there
is no reported closing price, last sales price, or bid and ask prices, as the case may be, for the period in question, then the Fair Market Value shall be determined in good faith by, and reflected in
a formal resolution of the Board of Directors of the Company. 

        Upon
exercise of this Warrant, the form of election attached hereto as Exhibit A must be duly executed and the instructions for registration of the Common Stock acquired by such
exercise must be completed. If the subscription rights represented hereby shall not be exercised at or before 5:00 p.m., Eastern Time, on the Termination Date, then, from and after such date
and time, this Warrant shall become and be void without further force or effect, and all rights represented hereby shall cease and expire. 

        The
registered Holder of this Warrant, by its acceptance hereof, agrees that it will not sell, transfer or assign or hypothecate this Warrant prior
to                        , 2006 to anyone
other than an officer or partner of such Holder or other firm(s) which shall have participated in the public offering of the Company's Common Stock (SEC File
No. 333-            ) to which this Warrant relates. Subsequent to that date, this Warrant may be assigned by the Holder in whole or in part by execution by the Holder of the
form of assignment, a copy of which is attached hereto as Exhibit B, to certain persons, including dealers or their officers or partners, In the event of any assignment made as aforesaid, the
Company, upon request and surrender of this Warrant by the Holder at the principal office of the Company accompanied by payment of all transfer taxes, if any, payable in connection therewith, shall
transfer this Warrant on the books of the Company and shall execute and deliver a new Warrant or Warrants of like tenor to the appropriate assignee expressly evidencing the right to purchase the
aggregate number of Common Stock purchasable hereunder or such portion of such aggregate number as shall be contemplated by any such agreement. 

2

 

        Notwithstanding
anything herein to the contrary, each certificate for securities purchased under this Warrant shall bear a legend as follows: 

"THE
SHARES REPRESENTED BY THIS STOCK CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE FEDERAL OR ANY STATE SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR HYPOTHECATED IN THE ABSENCE OF AN
EFFECTIVE REGISTRATION STATEMENT UNDER SUCH LAWS AS MAY BE APPLICABLE OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE CORPORATION THAT AN EXEMPTION FROM SUCH APPLICABLE LAWS EXISTS." 

        The
Holder agrees for itself and all subsequent owners, that before any disposition is made of any securities purchased pursuant to the Warrant, the owner shall give written notice to
the Company describing briefly the manner of any such proposed disposition. The securities shall not be transferred unless and until (i) the Company has received the opinion of counsel for such
owners that the securities may be sold pursuant to an exemption from registration under the Securities Act of 1933 (the "Act"), or (ii) a Registration Statement relating to such securities has
been filed by the Company and declared effective by the Securities and Exchange Commission (the "Commission"). 

        Subject
to the above, this Warrant may be exercised or assigned in whole or in part. In the event of the exercise or assignment hereof in part only, upon surrender of this Warrant for
cancellation, together with the duly executed exercise or assignment and funds sufficient, to pay any transfer tax, the Company shall cause to be delivered to the Holder without charge a new Warrant
of like tenor to this Warrant in the name of the Holder evidencing the right of the Holder to purchase the number of Common Stock purchasable hereunder as to which this Warrant has not been exercised
or assigned. 

        Upon
receipt of the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this Warrant and execution of a customary affidavit of loss and indemnity
agreement, the Company shall execute and deliver a new Warrant of like tenor and date. Any such new Warrant executed and delivered as a result of such loss, theft, mutilation or destruction shall
constitute an additional contractual obligation on the part of the Company. 

        The
Company, upon request of the then Holder(s) of a majority of the outstanding Warrant or shares of Common Stock issuable upon exercise of the Warrant, agrees to register
expeditiously, on one separate occasion, the Common Stock underlying the Warrants and will file on such occasion a registration statement covering such Common Stock underlying the Warrants. Such
request must be made at any time during a period of four years beginning one year from the effective date of the offering. In connection with the request, the Company shall bear all expenses, one time
only, attendant to registering the securities and shall immediately after the receipt of the registration request, the Company shall give a notice to the other holders of Warrants who shall have
20 days to elect to include their shares of Common Stock in such registration. In addition, for a period of four years beginning one year after the date of the Warrant, the holders of the
Warrants shall have the right to include such securities as part of any other registration of securities, other than on Forms S-4, S-8 or other inappropriate form, filed by the
Company. The Company shall bear all expenses attendant to such registrations, and agrees to give the holders thereof not less than 30 days' written notice thereof, including any terms or
conditions, prior to the filing of any such registration statement with the Commission. The Company agrees to use its best efforts to promptly file and cause the filing required herein to become
effective to register the Common Stock underlying the Warrants and to use its best efforts to keep the registration statement current and accurate for a period of 180 days (12 months on
Form S-3). 

3

 

        In
each instance in which registration of the Common Stock underlying the Warrant is required, the Company shall: 

        (1)   Supply
to the Holders intending to make a public distribution of their Common Stock, one executed copy of each registration statement and a reasonable number of copies
of the preliminary, final and other prospectus in conformity with requirements of the Act and the Rules and Regulations promulgated thereunder and such other documents as the Holders shall reasonably
request. 

        (2)   Indemnify
and hold harmless each such Holder and each underwriter, within the meaning of the Act, who may purchase from or sell for any such Holder, any Common Stock,
from and against any and all losses, claims, damages, and liabilities (including, but not limited to, any and all expenses whatsoever reasonably incurred in investigation, preparing, defending or
settling any claim) arising from (i) any untrue or alleged untrue statement of material fact contained in any such registration statement or any prospectus contained therein or delivered
thereunder, or from (ii) any omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading,
unless each untrue statement or omission or such alleged untrue statement or omission was based upon information furnished or required to be furnished in writing to the Company by such Holders
expressly for use therein, or the alleged liability arises from a violation by any Holders and/or any underwriter of the securities laws of any state relating to registration of securities or brokers
or dealers, which indemnification shall include each person, if any, who controls any such Holders or underwriter within the meaning of the Act; provided,
however, that the Company shall not be so obligated to indemnify any such Holders or controlling person unless such Holders shall at the same time indemnify the Company, its
directors, each officer signing any registration statement and each person, if any, who controls the Company within the meaning of the Act, from and against any and all losses, claims, damages and
liabilities (including, but not limited to, any and all expenses whatsoever reasonably incurred in investigation, preparing, defending or settling any claim) arising from (a) any untrue or
alleged untrue statement of a material fact contained in any registration statement or prospectus contained therein or (b) any omission or alleged omission to state therein a material fact
required to be stated therein or necessary to make the statements therein not misleading, but the indemnity of such Holders or controlling person shall be limited to liability based upon information
furnished in writing to the Company by such Holders or controlling person expressly for use therein or relating the registration of securities or brokers or dealers in any state. 

        The
Company will also cooperate with the Holder(s) of the or Warrants issued upon the exercise of the Warrants in preparing and signing any registration statement or notification, in
addition to the registration rights hereinabove provided, required in order to sell or transfer the Common Stock underlying this Warrant and will supply all information required therefor; but such
additional registration or notification shall be at the Holder(s) cost and expense. The Company's agreements with respect to registration of the securities will continue in effect regardless of the
exercise or surrender of this Warrant. 

        In
no event shall this Warrant (or the securities issuable upon full or partial exercise hereof) be offered or sold except in conformity with the Act. 

        This
Warrant shall be governed by, and construed in accordance with, the laws of the State of New York, without regard to its conflicts of laws principles or rules. 

4

 

        IN
WITNESS WHEREOF, the Company has caused this Warrant to be signed as of this            day
of                        , 2005. 

	 	 	READY MIX, INC.
	

 	
 	

By:	

    
 President

5

  

 
 

ANNEX I    
    

READY MIX, INC.  

STATEMENT OF RIGHTS OF WARRANTS 

        (a)   In
the event, prior to the expiration of the Warrant to which this Statement of Rights is attached by exercise or by its terms, the Company shall issue any of its Common
Stock as a share dividend or shall subdivide the number of outstanding Common Stock into a greater number of shares, then, in either of such events, the then applicable Exercise Price per share
purchasable pursuant to this Warrant in effect at the time of such action shall be reduced proportionately and the number of shares of Common Stock at that time purchasable pursuant to this Warrant
shall be increased proportionately; and, conversely, in the event that the Company shall reduce the number of outstanding shares of Common Stock by combining such shares into a smaller number of
shares, then, in such event, the then applicable Exercise Price per share purchasable pursuant to this Warrant in effect at the time of such action shall be increased proportionately and the number of
shares of Common Stock at that time purchasable pursuant to this Warrant proportionately shall be decreased. Any dividend paid or distributed upon the Common Stock in shares of any other class of the
Company or securities convertible into Common Stock shall be treated as a dividend paid in Common Stock to the extent that the shares of Common Stock are issuable upon the conversion thereof. 

        (b)   In
the event, prior to the expiration of this Warrant by exercise or by its terms, the Company shall be recapitalized by reclassifying its outstanding Common Stock
(other than into shares with a different par value, or by changing its outstanding Common Stock to shares without par value), or in the event the Company or a successor corporation shall consolidate
or merge with or convey all or substantially all of its, or of any successor corporation's, property and assets to any other corporation or corporations (any such other corporation being included
within the meaning of the term "successor corporation" hereinbefore used in the context of any consolidation or merger of any other corporation with, or the sale of all or substantially all of the
property of any such other corporation to, another corporation or corporations), or in the event of any other material change in the capital structure of the Company or of any successor corporation by
reason of any reclassification, reorganization, recapitalization, consolidation, merger, conveyance or otherwise, then, as a condition of any such reclassification, reorganization, recapitalization,
consolidation, merger or conveyance, a prompt, proportionate, equitable, lawful and adequate provision shall be made whereby the Holder of this Warrant shall thereafter have the right to purchase,
upon the basis and the terms and conditions specified in this Warrant, in lieu of the securities of the Company theretofore purchasable upon the exercise of this Warrant, such shares, securities or
assets as may be issued or payable with respect to or in exchange for the number of securities of the Company theretofore purchasable upon the exercise of this Warrant had such reclassification,
reorganization, recapitalization, consolidation, merger or conveyance not taken place; and in any such event, the rights of the Holder of this Warrant to any adjustment in the number of Common Stock
purchasable upon exercise of this Warrant, as provided herein, shall continue and be preserved in respect of any shares, securities or assets which the Holder becomes entitled to purchase.  Notwithstanding anything herein to the contrary, the provisions of this paragraph (b) shall not apply to a merger with a subsidiary  provided the Company is the continuing corporation and provided further such merger does not result in
any reclassification, capital reorganization or other change of the securities issuable under this Warrant. The foregoing provisions of this paragraph (b) shall apply to successive
reclassifications, capital reorganizations and changes of securities and to successive consolidation, mergers, sales or conveyances. 

        (c)   In
the event the Company, at any time while this Warrant shall remain unexpired and unexercised, shall sell all or substantially all of its property, or dissolves,
liquidates, or winds up its affairs, prompt, proportionate, equitable, lawful and adequate provision shall be made as part of the 

6

 

terms
of any such sale, dissolution, liquidation, or winding up such that the Holder of this Warrant may thereafter receive, upon exercise hereof, in lieu of the securities of the Company which it
would have been entitled to receive, the same kind and amount of any shares, securities or assets as may be issuable, distributable or payable upon any such sale, dissolution, liquidation or winding
up with respect to each Common Share of the Company; provided, however, that in the event of any such sale, dissolution, liquidation or winding up, the
right to exercise this Warrant shall terminate on a date fixed by the Company, such date so fixed to be not earlier than 5:00 p.m., Eastern Time, on the 45th day next succeeding the date on
which notice of such termination of the right to exercise this Warrant has been given by mail to the Holder of this Warrant at such Holder's address as it appears on the books of the Company. 

        (d)   If
the Company should at any time or from time to time hereafter issue or sell any Common Stock (other than the Common Stock which may be purchased under this Warrant)
without consideration or for a consideration per share less than the Exercise Price share therein in effect immediately prior to the time of such issue or sale, then forthwith upon such issue or sale,
the Exercise Price shall be adjusted to a price (computed to the nearest cent) determined by dividing the sum of (i) the number of Common Stock outstanding immediately prior to such issue or
sale multiplied by the Exercise Price in effect immediately prior to such issue or sale, and (ii) the consideration, if any, received by the Company upon such issue or sale, by the total number
of Common Stock outstanding immediately after such issue or sale. For purposes of this paragraph (d), the following provisions (1) to (5) shall also be applicable. 

        (1)   In
case at any time hereafter the Company shall in any manner grant any right to subscribe for or to purchase, any option for the purchase of Common Stock or any stock
or other securities convertible into or exchangeable for Common Stock (such convertible or exchangeable stock or securities being hereinafter referred to as "Convertible Securities"), and the minimum
price per share for the Common Stock, pursuant to such rights or option or upon conversion or exchange of such Convertible Securities (determined by dividing (i) the total amount, if any,
received or receivable by the Company as consideration for the granting of such rights or options, plus the minimum aggregate amount of additional consideration payable to the Company upon the
exercise of such rights or options, plus, in the case of such Convertible Securities, the minimum aggregate amount of additional consideration, if any, payable upon the conversion or exchange thereof,
by (ii) the total maximum number of Common Stock issuable pursuant to such rights or options or upon the conversion or exchange of the total maximum amount of such Convertible Securities
issuable upon the exercise of such rights or options) shall be less than the Exercise Price in effect immediately prior to the time of the granting of such rights or options, then the total maximum
number of Common Stock issuable pursuant to such rights or options or upon conversion or exchange of the total maximum amount of such Convertible Securities issuable upon the exercise of such rights
and options shall (as of the date of granting of such rights or options) be deemed to be outstanding and to have been issued for said price per share as so determined;  provided, that no further
adjustment of the Exercise Price shall be made upon the actual issue of Common Stock so deemed to have been issued; and  further provided, that, upon the expiration of such rights (including rights to
convert or exchange) or options, (A) the number of Common Stock
deemed to have been issued and outstanding by reason of the fact that they were issuable pursuant to such rights or options (including rights to convert or exchange) were not exercised, shall no
longer be deemed to be issued and outstanding; and (B) the Exercise Price shall forthwith be adjusted to the price which would have prevailed had all adjustments been made on the basis of the
issue only of the Common Stock actually issued upon the exercise of such rights or options or upon conversion or exchange of such Convertible Securities. 

        (2)   In
case the Company shall in any manner issue or sell any Convertible Securities, and the minimum price per share for which such Common Stock are issuable upon
conversion or exchange 

7

 

of
such Convertible Securities (determined by dividing (i) the total amount received or receivable by the Corporation as consideration for the issue or sale of such Convertible Securities, plus
the minimum aggregate amount of additional consideration, if any, payable to the Company upon the conversion or exchange of all such Convertible Securities by (ii) the total maximum number of
Common Stock issuable upon the conversion or exchange of all such Convertible Securities) shall be less than the Exercise Price in effect immediately prior to the time of such issue or sale, then the
total maximum number of Common Stock issuable upon conversion or exchange of all such Convertible Securities shall (as of the date of the issue or sale of such Convertible Securities) be deemed to be
outstanding and to have been issued for said price per share as so determined; provided, that no further adjustment of the Exercise Price shall be made
upon the actual issue of Common Stock so deemed to have been issued; and, further provided, that if any such issue or sale of such Convertible
Securities is made upon exercise of any right to subscribe for or to purchase or any option to purchase any such Convertible Securities for which an adjustment of the Exercise Price has been or is to
be made pursuant to other provisions of this paragraph (d) no further adjustment of the Exercise Price shall be made by reason of such issue or sale; and, further
provided, that, upon the termination of the right to convert or to exchange such Convertible Securities for Common Stock, (A) the number of shares of Common Stock deemed
to have been issued and outstanding by reason of the fact that they were issuable upon conversion or exchange of any such Convertible Securities, which were not so converted or exchanged, shall no
longer be deemed to be issued and outstanding, and (B) the Exercise Price shall forthwith be adjusted to the price which would have prevailed had all adjustments been made on the basis of the
issue only of the number of Common Stock actually issued upon conversion or exchange of such Convertible Securities. 

        (3)   In
case any Common Stock or Convertible Securities or any rights or options to purchase any such stock or securities shall be issued solely for cash, the consideration
received therefor, after deducting therefrom any commission or other expenses paid or incurred by the Company for any underwriting of, or otherwise in connection with, the issuance thereof, shall be
deemed to be the amount received by the Company therefor. In case any Common Stock or Convertible Securities or any rights or options to purchase any such stock or securities shall be issued for a
consideration part or all of which shall be other than cash, then, for the purpose of this paragraph (d), the Board of Directors of the Company shall determine the fair value of such
consideration, which is not cash, irrespective of accounting treatment, and such Common Stock, Convertible Securities, rights or options shall be deemed to have been issued for an amount of cash equal
to the value of such consideration other than cash so determined by the Board of Directors plus any cash, received therefor. The reclassification of securities other than Common Stock into securities
including Common Stock shall be deemed to involve the issuance for a consideration other than cash of such Common Stock immediately prior to the close of business on the date fixed for the
determination of securities holders entitled to receive such Common Stock. In case any Common Stock or Convertible Securities or any rights or options to purchase any such stock or other securities
shall be issued together with other stock or securities or other assets of the Company for a consideration which includes both, the Board of Directors of the Company shall determine what part of the
consideration so received is to be deemed to be consideration for the issue of such Common Stock, Convertible Securities, rights or options. 

        (4)   For
purposes of paragraphs (a) and (d), in case the Company shall take a record of the holders of any Common Stock for the purpose of entitling them (i) to
receive a dividend or other distribution payable in Common Stock or in Convertible Securities, or (ii) to subscribe for or purchase Common Stock or Convertible Securities, then such record date
shall be deemed to be the date of the issue or sale of the Common Stock deemed to have been issued or sold upon the declaration of such dividend or the making of such other distribution or the date of
the granting of such right of subscription or purchase, as the case may be. 

8

 

        (5)   For
the purpose of this paragraph (d), Common Stock at any relevant time owned or held by, or for the account of, the Company shall not be deemed outstanding. 

        Notwithstanding
this paragraph (d) or paragraph (a), above, to the contrary, the Company shall not be required to give effect to any adjustment in the Exercise Price of
less than one cent, but when the cumulative net effect of more than one adjustment so determined shall be to change the actual Exercise Price by at least one cent, such change in the Exercise Price
shall thereupon be given effect. 

        (e)   Upon
any exercise of this Warrant by the Holder, the Company shall not be required to deliver fractions of any securities; but prompt, proportionate, equitable, lawful
and adequate adjustment in the Exercise Price payable by the Holder shall be made in respect of any such fraction of any securities on the basis of the Exercise Price then applicable upon the exercise
of this Warrant. 

        (f)    In
the event, prior to the expiration of this Warrant by exercise or by its terms, the Company shall determine to take a record of its securities holders for the purpose
of determining securities holders entitled to receive any share dividend, distribution or other right which will cause any change or adjustment in the number, amount, price or nature of the Common
Stock or other shares, securities or assets deliverable upon the exercise of this Warrant pursuant to the foregoing provisions, the Company shall specify the date as of which such record is to be
taken; the purpose for which such record is to be taken; and the number, amount, price and nature of the shares of Common Stock or other securities or assets which will be deliverable upon exercise of
this Warrant after the action for which such record will be taken has been consummated. 

        (g)   The
Company may deem and treat the registered Holder of this Warrant at any time as the absolute owner hereof for all purposes, and the Company shall not be affected by
any notice to the contrary. 

        (h)   Whenever
the Exercise Price shall be adjusted as required by the provisions of paragraphs (a) or (d) hereof, the Company shall forthwith file in the
custody of its Secretary or Assistant Secretary at its principal office, and with its stock transfer agent, if any, an officer's certificate showing the adjusted Exercise Price determined as herein
provided and setting forth in reasonable detail the facts requiring such adjustment. Each such officer's certificate shall be made available at all reasonable times for inspection by the Holder and
the Company shall, forthwith after each such adjustment, deliver a copy of such certificate to the Holder. Such certificate shall be conclusive as to the correctness of such adjustment. 

	(i)
	This
Warrant shall not entitle the Holder hereof to any of the rights of shareholders or to any dividend declared upon the Common Stock unless the Holder shall have
exercised this Warrant prior to the record date fixed by the Board of Directors of the Company for the determination of holders of Common Stock entitled to such dividend or other right. 

        (j)    This
Warrant is subject in all respects to the terms and provisions of that certain Underwriting Agreement
dated                        , 2005, by and between the Company and HD
Brous & Co., Inc., the Representative of the several underwriters therein and the initial Holder hereof, relating to a public offering of the Company's shares of Common Stock. 

9

 
 

EXHIBIT A    
    
    FORM TO BE USED TO EXERCISE WARRANT:    

Ready Mix, Inc.

3430 E. Flamingo Road, Suite 100

Las Vegas, NV 89121  

Date:                             , 20    

        The
Undersigned hereby elects irrevocably to exercise the Warrant granted to it by that certain Underwriters' Warrant
dated                        , 2005 and to purchase            shares
of Ready Mix, Inc. called for thereby, and hereby makes payment of $            (at the rate of $            per share) in
payment of the Exercise Price pursuant thereto or the surrender
herewith of the Warrant to purchase            shares in consideration of the Cashless Exercise Price pursuant thereto, as the case may be. Please issue the shares as to which this Warrant
is
exercised in accordance with the instructions given below. 

	 	 	    
 Signature
	 	 	    
 Signature Guaranteed

INSTRUCTIONS FOR REGISTRATION OF COMMON STOCK  

	Name	    
 (Print in Block Letters)	 	 
	

Address	

    
	
 	

 
	

FEIN #	

    
	
 	

 

 
 

EXHIBIT B    
    
    FORM TO BE USED TO ASSIGN WARRANT:    
    

 
  ASSIGNMENT    
    

        (To be executed by the registered Holder to effect a transfer of the within Warrant:) 

        FOR
VALUE RECEIVED,                        does hereby sell, assign and transfer
unto                        the right to
purchase                        shares of Ready Mix, Inc. evidenced by that
certain Warrant dated            , 20    and does hereby irrevocably constitute and
appoint                        attorney to transfer such right on the books of such Company with full power
of substitution in the premises. 

Dated:                        ,
20    . 

	 	 	    
 Signature
	 	 	    
 Signature Guaranteed

        NOTICE:
The signature to the form to exercise or form to assign must correspond with the name as written upon the face of the Warrant in every particular without alteration or
enlargement or any change whatsoever, and must be guaranteed by a bank, other than a savings bank, or by a trust company or by a firm having membership on a registered national securities exchange. 

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Exhibit 4.1

UNDERWRITERS' WARRANT To Purchase Up To 100,000 Shares of READY MIX, INC. (A Nevada Corporation)

ANNEX I

EXHIBIT A FORM TO BE USED TO EXERCISE WARRANT

EXHIBIT B FORM TO BE USED TO ASSIGN WARRANT

ASSIGNMENTQuickLinks
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Exhibit 10.1  

 
 

READY MIX, INC.
  2005 EQUITY INCENTIVE PLAN    
    

SECTION 1. PURPOSE  

        The purpose of the Ready Mix, Inc. 2005 Equity Incentive Plan is to attract, retain and motivate employees, officers, directors, consultants, agents,
advisors and independent contractors of the Company and its Related Companies by providing them the opportunity to acquire a proprietary interest in the Company and to link their interests and efforts
to the long-term interests of the Company's stockholders. 

SECTION 2. DEFINITIONS  

        Certain terms used in the Plan have the meanings set forth in Appendix A. 

SECTION 3. ADMINISTRATION  

3.1   Administration of the Plan  

        The Plan shall be administered by the Board. Notwithstanding the foregoing, the Board may delegate concurrent responsibility for administering the Plan, including
with respect to designated classes of Eligible Persons, to a committee or committees (which term includes subcommittees) consisting of one or more members of the Board, subject to such limitations as
the Board deems appropriate. If and so long as the Common Stock is registered under Section 12(b) or 12(g) of the Exchange Act, the Board shall consider in selecting the members of any
committee acting as Plan Administrator, with respect to any persons subject to Section 16 of the Exchange Act, the provisions regarding "non-employee directors" as contemplated by
Rule 16b-3(b)(3) under the Exchange Act, or any successor provision thereto. Members of any committee shall serve for such term as the Board may determine, subject to removal by the
Board at any time. All references in the Plan to the "Plan Administrator" shall be, as applicable, to the Board or any committee to whom the Board has
delegated authority to administer the Plan. 

3.2   Administration and Interpretation by Plan Administrator  

	(a)
	Except
for the terms and conditions explicitly set forth in the Plan, the Plan Administrator shall have full power and exclusive authority, to the extent permitted by applicable law
and subject to such orders or resolutions not inconsistent with the provisions of the Plan as may from time to time be adopted by the Board or a committee comprised of members of the Board to
(i) select the Eligible Persons to whom Awards may from time to time be granted under the Plan; (ii) determine the type or types of Award to be granted to each Participant under the
Plan; (iii) determine the number of shares of Common Stock to be covered by each Award granted under the Plan; (iv) determine the terms and conditions of any Award granted under the
Plan; (v) approve the forms of notice or agreement for use under the Plan; (vi) determine whether, to what extent and under what circumstances Awards may be settled in cash, shares of
Common Stock or other property or canceled or suspended; (vii) determine whether, to what extent and under what circumstances cash, shares of Common Stock, other property and other amounts
payable with respect to an Award shall be deferred either automatically or at the election of the Participant; (viii) interpret and administer the Plan and any instrument evidencing an Award or
notice or agreement entered into under the Plan; (iv) establish such rules and regulations as it shall deem appropriate for the proper administration of the Plan; (v) delegate
ministerial duties to such of the Company's employees as it so determines; and (vi) make any other determination and take any other action that the Plan Administrator deems necessary or
desirable for administration of the Plan. 

 

	(b)
	The
effect on the vesting of an Award of a Company-approved leave of absence or a Participant's working less than full-time shall be determined by the Company's chief
human resources officer or other person performing that function or, with respect to directors or executive officers, by the Board, whose determination shall be final.

	(c)
	Decisions
of the Plan Administrator shall be final, conclusive and binding on all persons, including the Company, any Participant, any stockholder and any Eligible Person. A majority
of the members of the Plan Administrator may determine its actions. 

SECTION 4. SHARES SUBJECT TO THE PLAN  

4.1   Authorized Number of Shares  

        Subject to adjustment from time to time as provided in Section 14.1, the number of shares of Common Stock available for issuance under the Plan shall be
500,000 shares. 

        Shares
issued under the Plan shall be drawn from authorized and unissued shares or shares now held or subsequently acquired by the Company as treasury shares. 

4.2   Share Usage  

	(a)
	Shares
of Common Stock covered by an Award shall not be counted as used unless and until they are actually issued and delivered to a Participant. If any Award lapses, expires,
terminates or is canceled prior to the issuance of shares thereunder or if shares of Common Stock are issued under the Plan to a Participant and thereafter are forfeited to or otherwise reacquired by
the Company, the shares subject to such Awards and the forfeited or reacquired shares shall again be available for issuance under the Plan. Any shares of Common Stock (i) tendered by a
Participant or retained by the Company as full or partial payment to the Company for the purchase price of an Award or to satisfy tax withholding obligations in connection with an Award or
(ii) covered by an Award that is settled in cash or in a manner such that some or all of the shares covered by the Award are not issued, shall be available for Awards under the Plan. The number
of shares of Common Stock available for issuance under the Plan shall not be reduced to reflect any dividends or dividend equivalents that are reinvested into additional shares of Common Stock or
credited as additional shares of Common Stock subject or paid with respect to an Award.

	(b)
	The
Plan Administrator shall also, without limitation, have the authority to grant Awards as an alternative to or as the form of payment for grants or rights earned or due under other
compensation plans or arrangements of the Company.

	(c)
	Notwithstanding
anything in the Plan to the contrary, the Plan Administrator may grant Substitute Awards under the Plan. In the event that a written agreement between the Company and
an Acquired Entity pursuant to which a merger or consolidation is completed is approved by the Board and said agreement sets forth the terms and conditions of the substitution for or assumption of
outstanding awards of the Acquired Entity, said terms and conditions shall be deemed to be the action of the Plan Administrator without any further action by the Plan Administrator, except as may be
required for compliance with Rule 16b-3 under the Exchange Act, and the persons holding such awards shall be deemed to be Participants.

	(d)
	Notwithstanding
the foregoing, the maximum number of shares that may be issued upon the exercise of Incentive Stock Options shall equal the aggregate share number stated in
Section 4.1, subject to adjustment as provided in Section 14.1. 

2

 

SECTION 5. ELIGIBILITY  

        An Award may be granted to any employee, officer or director of the Company or a Related Company whom the Plan Administrator from time to time selects. An Award
may also be granted to any
consultant, agent, advisor or independent contractor for bona fide services rendered to the Company or any Related Company that (a) are not in connection with the offer and sale of the
Company's securities in a capital-raising transaction and (b) do not directly or indirectly promote or maintain a market for the Company's securities. 

SECTION 6. AWARDS  

6.1   Form, Grant and Settlement of Awards  

        The Plan Administrator shall have the authority, in its sole discretion, to determine the type or types of Awards to be granted under the Plan. Such Awards may be
granted either alone, in addition to, or in tandem with, any other type of Award. Any Award settlement may be subject to such conditions, restrictions and contingencies as the Plan Administrator shall
determine. 

6.2   Evidence of Awards  

        Awards granted under the Plan shall be evidenced by a written, including an electronic agreement that shall contain such terms, conditions, limitations and
restrictions as the Plan Administrator shall deem advisable and that are not inconsistent with the Plan. 

6.3   Deferrals  

        The Plan Administrator may permit or require a Participant to defer receipt of the payment of any Award. If any such deferral election is permitted or required,
the Plan Administrator, in its sole discretion, shall establish rules and procedures for such payment deferrals, which may include the grant of additional Awards or provisions for the payment or
crediting of interest or dividend equivalents, including converting such credits to deferred stock unit equivalents. 

6.4   Dividends and Distributions  

        Participants may, if the Plan Administrator so determines, be credited with dividends paid with respect to shares underlying an Award in a manner determined by
the Plan Administrator in its sole discretion. The Plan Administrator may apply any restrictions to the dividends or dividend equivalents that the Plan Administrator deems appropriate. The Plan
Administrator, in its sole discretion, may determine the form of payment of dividends or dividend equivalents, including cash, shares of Common Stock, Restricted Stock or Stock Units. 

SECTION 7. OPTIONS  

7.1   Grant of Options  

        The Plan Administrator may grant Options designated as Incentive Stock Options or Nonqualified Stock Options. 

7.2   Option Exercise Price  

        The exercise price for shares purchased under an Option shall be as determined by the Plan Administrator, but shall not be less than the minimum exercise price
required by Section 8.3 with respect to Incentive Stock Options except in the case of Substitute Awards. 

3

 

7.3   Term of Options  

        Subject to earlier termination in accordance with the terms of the Plan and the instrument evidencing the Option, the maximum term of an Option (the
"Option Term") shall be as established for that Option by the Plan Administrator or, if not so established, shall be ten years from the Grant Date. For
Incentive Stock Options, the Option Term shall be as specified in Section 8.4. 

7.4   Exercise of Options  

        The Plan Administrator shall establish and set forth in each instrument that evidences an Option the time at which, or the installments in which, the Option shall
vest and become exercisable, any of which provisions may be waived or modified by the Plan Administrator at any time. If not so established in the instrument evidencing the Option, the Option shall
vest and become exercisable according to the following schedule, which may be waived or modified by the Plan Administrator at any time: 

	Period of Participant's Continuous

Employment or Service With the

Company or Its Related Companies

From the Vesting Commencement Date
 
	 	Portion of Total Option That

Is Vested and Exercisable

	After 1 year	 	1/3
	After 2 years	 	An additional 1/3
	After 3 years	 	100%

        To
the extent an Option has vested and become exercisable, the Option may be exercised in whole or from time to time in part by delivery to the Company of a properly executed stock
option exercise agreement or notice, in a form and in accordance with procedures established by the Plan Administrator, setting forth the number of shares with respect to which the Option is being
exercised, the restrictions imposed on the shares purchased under such exercise agreement or notice, if any, and such representations and agreements as may be required by the Plan Administrator,
accompanied by payment in full as described in Sections 7.5 and 12. An Option may be exercised only for whole shares and may not be exercised for less than a reasonable number of shares at any one
time, as determined by the Plan Administrator. 

7.5   Payment of Exercise Price  

        The exercise price for shares purchased under an Option shall be paid in full to the Company by delivery of consideration equal to the product of the Option
exercise price and the number of shares purchased. Such consideration must be paid before the Company will issue the shares being purchased and must be in a form or a combination of forms acceptable
to the Plan Administrator for that purchase, which forms may include: 

	(a)
	cash;

	(b)
	check
or wire transfer;

	(c)
	tendering
(either actually or, if and as so long as the Common Stock is registered under Section 12(b) or 12(g) of the Exchange Act, by attestation) shares of Common Stock
already owned by the Participant, which on the day prior to the exercise date have a Fair Market Value equal to the aggregate exercise price of the shares being purchased under the Option (such shares
must have been owned by the Participant for at least six months or any shorter period necessary to avoid a charge to the Company's earnings for financial reporting purposes); 

4

 

	(d)
	if
and so long as the Common Stock is registered under Section 12(b) or 12(g) of the Exchange Act, and to the extent permitted by law, delivery of a properly executed exercise
agreement or notice, together with irrevocable instructions to a brokerage firm designated or approved by the Company to deliver promptly to the Company the aggregate amount of proceeds to pay the
Option exercise price and any withholding tax obligations that may arise in connection with the exercise, all in accordance with the regulations of the Federal Reserve Board; or

	(e)
	such
other consideration as the Plan Administrator may permit. 

        In
addition, to assist a Participant (including directors and executive officers) in acquiring shares of Common Stock pursuant to an Award granted under the Plan, the Plan Administrator,
in its sole discretion, may authorize, either at the Grant Date or at any time before the acquisition of Common Stock pursuant to the Award, (i) the payment by a Participant of the purchase
price of the Common Stock by a promissory note or (ii) the guarantee by the Company of a loan obtained by the Participant from a third party. Such notes or loans must be full recourse to the
extent necessary to avoid charges to the Company's earnings for financial reporting purposes. Subject to the foregoing, the Plan Administrator shall in its sole discretion specify the terms of any
loans or loan guarantees, including the interest rate and terms of and security for repayment. 

7.6   Effect of Termination of Service  

        The Plan Administrator shall establish and set forth in each instrument that evidences an Option whether the Option shall continue to be exercisable, and the
terms and conditions of such exercise, after a Termination of Service, any of which provisions may be waived or modified by the Plan Administrator at any time. If not so established in the instrument
evidencing the Option, the Option shall be exercisable according to the following terms and conditions, which may be waived or modified by the Plan Administrator at any time: 

	(a)
	Any
portion of an Option that is not vested and exercisable on the date of a Participant's Termination of Service shall expire on such date.

	(b)
	Any
portion of an Option that is vested and exercisable on the date of a Participant's Termination of Service shall expire on the earliest to occur of

	(i)
	if
the Participant's Termination of Service occurs for reasons other than Cause, Retirement, Disability or death, the date that is three months after such Termination of
Service;

	(ii)
	if
the Participant's Termination of Service occurs by reason of Retirement, Disability or death, the one-year anniversary of such Termination of Service;
and

	(iii)
	the
last day of the Option Term (the "Option Expiration Date"). 

        Notwithstanding
the foregoing, if a Participant dies after the Participant's Termination of Service but while an Option is otherwise exercisable, the portion of the Option that is vested
and exercisable on the date of such Termination of Service shall expire upon the earlier to occur of (y) the Option Expiration Date and (z) the one-year anniversary of the
date of death, unless the Plan Administrator determines otherwise. 

        Also
notwithstanding the foregoing, in case a Participant's Termination of Service occurs for Cause, all Options granted to the Participant shall automatically expire upon first
notification to the Participant of such termination, unless the Plan Administrator determines otherwise. If a Participant's employment or service relationship with the Company is suspended pending an
investigation of whether the Participant shall be terminated for Cause, all the Participant's rights under any Option shall likewise be suspended during the period of investigation. If any facts that
would constitute termination 

5

 

for
Cause are discovered after a Participant's Termination of Service, any Option then held by the Participant may be immediately terminated by the Plan Administrator, in its sole discretion. 

	(c)
	A
Participant's change in status from an employee to a nonemployee director, consultant, advisor or independent contractor or a change in status from a nonemployee director,
consultant, advisor or independent contractor to an employee, shall not be considered a Termination of Service for purposes of this Section 7.6. 

SECTION 8. INCENTIVE STOCK OPTION LIMITATIONS  

        Notwithstanding any other provisions of the Plan, the terms and conditions of any Incentive Stock Options shall in addition comply in all respects with
Section 422 of the Code, or any successor provision, and any applicable regulations thereunder, including, to the extent required thereunder, the following: 

8.1   Dollar Limitation  

        To the extent the aggregate Fair Market Value (determined as of the Grant Date) of Common Stock with respect to which a Participant's Incentive Stock Options
become exercisable for the first time during any calendar year (under the Plan and all other stock option plans of the Company and its
parent and subsidiary corporations) exceeds $100,000, such portion in excess of $100,000 shall be treated as a Nonqualified Stock Option. In the event the Participant holds two or more such Options
that become exercisable for the first time in the same calendar year, such limitation shall be applied on the basis of the order in which such Options are granted. 

8.2   Eligible Employees  

        Individuals who are not employees of the Company or one of its parent or subsidiary corporations may not be granted Incentive Stock Options. 

8.3   Exercise Price  

        The exercise price of an Incentive Stock Option shall be at least 100% of the Fair Market Value of the Common Stock on the Grant Date, and in the case of an
Incentive Stock Option granted to a Participant who owns more than 10% of the total combined voting power of all classes of the stock of the Company or of its parent or subsidiary corporations (a
"Ten Percent Stockholder"), shall not be less than 110% of the Fair Market Value of the Common Stock on the Grant Date. The determination of more than
10% ownership shall be made in accordance with Section 422 of the Code. 

8.4   Option Term  

        Subject to earlier termination in accordance with the terms of the Plan and the instrument evidencing the Option, the Option Term of an Incentive Stock Option
shall not exceed ten years, and in the case of an Incentive Stock Option granted to a Ten Percent Stockholder, shall not exceed five years. 

8.5   Exercisability  

        An Option designated as an Incentive Stock Option shall cease to qualify for favorable tax treatment as an Incentive Stock Option to the extent it is exercised
(if permitted by the terms of the Option) (a) more than three months after the date of a Participant's Termination of Service if termination was for reasons other than death or Disability,
(b) more than one year after the date of a Participant's Termination of Service if termination was by reason of Disability, or (c) after the Participant has been on leave of absence for
more than 90 days, unless the Participant's reemployment rights are guaranteed by statute or contract. 

6

   8.6   Taxation of Incentive Stock Options  

        In order to obtain certain tax benefits afforded to Incentive Stock Options under Section 422 of the Code, the Participant must hold the shares acquired
upon the exercise of an Incentive Stock Option for two years after the Grant Date and one year after the date of exercise. 

        A
Participant may be subject to the alternative minimum tax at the time of exercise of an Incentive Stock Option. The Participant shall give the Company prompt notice of any disposition
of shares acquired on the exercise of an Incentive Stock Option prior to the expiration of such holding periods. 

8.7   Code Definitions  

        For the purposes of this Section 8, "disability," "parent corporation" and "subsidiary corporation" shall have the meanings attributed to those terms for
purposes of Section 422 of the Code. 

8.8   Promissory Notes  

        The amount of any promissory note delivered pursuant to Section 7.5 in connection with an Incentive Stock Option shall bear interest at a rate specified by
the Plan Administrator, but in no case less than the rate required to avoid imputation of interest (taking into account any exceptions to the imputed interest rules) for federal income tax purposes. 

SECTION 9. STOCK APPRECIATION RIGHTS  

9.1   Grant of Stock Appreciation Rights  

        The Plan Administrator may grant Stock Appreciation Rights to Participants at any time on such terms and conditions as the Plan Administrator shall determine in
its sole discretion. An SAR may be granted in tandem with an Option or alone ("freestanding"). The grant price of a tandem SAR shall be equal to the
exercise price of the related Option. The grant price of a freestanding SAR shall be established in accordance with procedures for Options set forth in Section 7.2. An SAR may be exercised upon
such terms and conditions and for the term as the Plan Administrator determines in its sole discretion; provided, however, that, subject to earlier termination in accordance with the terms of the Plan
and the instrument evidencing the SAR, the term of a freestanding SAR shall be as established for that SAR by the Plan Administrator or, if not so established, shall be ten years, and in the case of a
tandem SAR, (a) the term shall not exceed the term of the related Option and (b) the tandem SAR may be exercised for all or part of the shares subject to the related Option upon the
surrender of the right to exercise the equivalent portion of the related Option, except that the tandem SAR may be exercised only with respect to the shares for which its related Option is then
exercisable. 

9.2   Payment of SAR Amount  

        Upon the exercise of an SAR, a Participant shall be entitled to receive payment in an amount determined by multiplying: (a) the difference between the Fair
Market Value of the Common Stock for the date of exercise over the grant price of the SAR by (b) the number of shares with respect to which the SAR is exercised. At the discretion of the Plan
Administrator as set forth in the instrument evidencing the Award, the payment upon exercise of an SAR may be in cash, in shares, in some combination thereof or in any other manner approved by the
Plan Administrator in its sole discretion. 

SECTION 10. STOCK AWARDS, RESTRICTED STOCK AND STOCK UNITS  

10.1 Grant of Stock Awards, Restricted Stock and Stock Units  

        The Plan Administrator may grant Stock Awards, Restricted Stock and Stock Units on such terms and conditions and subject to such repurchase or forfeiture
restrictions, if any, which may be based on 

7

 

continuous
service with the Company or a Related Company or the achievement of any performance goals, as the Plan Administrator shall determine in its sole discretion, which terms, conditions and
restrictions shall be set forth in the instrument evidencing the Award. 

10.2 Vesting of Restricted Stock and Stock Units  

        Upon the satisfaction of any terms, conditions and restrictions prescribed with respect to Restricted Stock or Stock Units, or upon a Participant's release from
any terms, conditions and restrictions of Restricted Stock or Stock Units, as determined by the Plan Administrator, and subject to the provisions of Section 13, (a) the shares of
Restricted Stock covered by each Award of Restricted Stock shall become freely transferable by the Participant, and (b) Stock Units shall be paid in shares of Common Stock or, if set forth in
the instrument evidencing the Awards, in cash or a combination of cash and shares of Common Stock. Any fractional shares subject to such Awards shall be paid to the Participant in cash. 

10.3 Waiver of Restrictions  

        Notwithstanding any other provisions of the Plan, the Plan Administrator, in its sole discretion, may waive the repurchase or forfeiture period and any other
terms, conditions or restrictions on any Restricted Stock or Stock Unit under such circumstances and subject to such terms and conditions as the Plan Administrator shall deem appropriate. 

SECTION 11. OTHER STOCK OR CASH-BASED AWARDS  

        Subject to the terms of the Plan and such other terms and conditions as the Plan Administrator deems appropriate, the Plan Administrator may grant other
incentives payable in cash or in shares of Common Stock under the Plan as it determines. 

SECTION 12. WITHHOLDING  

        The Company may require the Participant to pay to the Company the amount of (a) any taxes that the Company is required by applicable federal, state, local
or foreign law to withhold with respect to the grant, vesting or exercise of an Award ("tax withholding obligations") and (b) any amounts due
from the Participant to the Company or to any Related Company ("other obligations"). The Company shall not be required to issue any shares of Common
Stock or otherwise settle an Award under the Plan until such tax withholding obligations and other obligations are satisfied. 

        The
Plan Administrator may permit or require a Participant to satisfy all or part of the Participant's tax withholding obligations and other obligations by (a) paying cash to the
Company, (b) having the Company withhold an amount from any cash amounts otherwise due or to become due from the Company to the Participant, (c) having the Company withhold a number of
shares of Common Stock that would otherwise be issued to the Participant (or become vested in the case of Restricted Stock) having a Fair Market Value equal to the tax withholding obligations and
other obligations, or (d) surrendering a number of shares of Common Stock the Participant already owns having a value equal to the tax withholding obligations and other obligations. The value
of the shares so withheld may not exceed the employer's minimum required tax withholding rate, and the value of the shares so tendered may not exceed such rate to the extent the Participant has owned
the tendered shares for less than six months if such limitation is necessary to avoid a charge to the Company for financial reporting purposes. 

SECTION 13. ASSIGNABILITY  

        No Award or interest in an Award may be sold, assigned, pledged (as collateral for a loan or as security for the performance of an obligation or for any other
purpose) or transferred by a Participant 

8

 

or
made subject to attachment or similar proceedings otherwise than by will or by the applicable laws of descent and distribution, except to the extent the Participant designates one or more
beneficiaries on a Company-approved form who may exercise the Award or receive payment under the Award after the Participant's death. During a Participant's lifetime, an Award may be exercised only by
the Participant. Notwithstanding the foregoing and to the extent permitted by Section 422 of the Code, the Plan Administrator, in its sole discretion, may permit a Participant to assign or
transfer an Award, subject to such terms and conditions as the Plan Administrator shall specify. 

SECTION 14. ADJUSTMENTS  

14.1 Adjustment of Shares  

        In the event, at any time or from time to time, a stock dividend, stock split, spin-off, combination or exchange of shares, recapitalization, merger,
consolidation, statutory share exchange, distribution to stockholders other than a normal cash dividend, or other change in the Company's corporate or capital structure results in (a) the
outstanding shares of Common Stock, or any securities exchanged therefor or received in their place, being exchanged for a different number or kind of securities of the Company or any other company or
(b) new, different or additional securities of the Company or any other company being received by the holders of shares of Common Stock, then the Plan Administrator shall make proportional
adjustments in (i) the maximum number and kind of securities available for issuance under the Plan; (ii) the maximum number and kind of securities issuable as Incentive Stock Options as
set forth in Section 4.2(d); and (iii) the number and kind of securities that are subject to any outstanding Award and the per share price of such securities, without any change in the
aggregate price to be paid therefor. The determination by the Plan Administrator as to the terms of any of the foregoing adjustments shall be conclusive and binding. 

        Notwithstanding
the foregoing, the issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, for cash or property, or for
labor or services rendered, either upon direct sale or upon the exercise of rights or warrants to subscribe therefor, or upon conversion of shares or obligations of the Company convertible into such
shares or other securities, shall not affect, and no adjustment by reason thereof shall be made with respect to, outstanding Awards. Also notwithstanding the foregoing, a dissolution or liquidation of
the Company or a Company Transaction shall not be governed by this Section 14.1 but shall be governed by Sections 14.2 and 14.3, respectively. 

14.2 Dissolution or Liquidation  

        To the extent not previously exercised or settled, and unless otherwise determined by the Plan Administrator in its sole discretion, Options, Stock Appreciation
Rights and Stock Units shall terminate immediately prior to the dissolution or liquidation of the Company. To the extent a vesting condition, forfeiture provision or repurchase right applicable to an
Award has not been waived by the Plan Administrator, the Award shall be forfeited immediately prior to the consummation of the dissolution or liquidation. 

14.3 Company Transaction  

 14.3.1 Effect of a Company Transaction  

        Notwithstanding any other provision of the Plan to the contrary, unless the Plan Administrator shall determine otherwise at the time of grant with respect to a
particular Award, in the event of a Company Transaction that is not a Related Party Transaction, all outstanding Awards shall become fully and immediately exercisable or payable, and all applicable
deferral and restriction limitations or forfeiture provisions shall lapse, immediately prior to the Company Transaction, unless such Awards are assumed or substituted for by the Successor Company.
Notwithstanding the foregoing, with respect to 

9

 

Options
or Stock Appreciation Rights, the Plan Administrator, in its sole discretion, may instead provide that a Participant's outstanding Options shall terminate upon consummation of such Company
Transaction and that each such Participant shall receive, in exchange therefor, a cash payment equal to the amount (if any) by which (a) the Acquisition Price multiplied by the number of shares
of Common Stock subject to such outstanding Options or SARs (either to the extent then vested and exercisable or whether or not then vested and exercisable, as determined by the Plan Administrator in
its sole discretion) exceeds (b) the respective aggregate exercise price for such Options or grant price for such SARs. If and to the extent the Successor Company assumes or substitutes
outstanding Awards, the forfeiture provisions applicable to Restricted Stock shall not lapse, and all such restrictions shall continue with respect to any shares of the Successor Company or other
consideration that may be issued in exchange or in substitution for such Restricted Stock. 

 14.3.2 Assumption or Substitution  

        For the purposes of this Section 14.3, an Award shall be considered assumed or substituted for if following the Company Transaction an option or right
confers the right to purchase or receive, for each Common Share subject to the Award immediately prior to the Company Transaction, the consideration (whether stock, cash, or other securities or
property) received in the Company Transaction by holders of Common Stock for each share held on the effective date of the transaction (and if holders were offered a choice of consideration, the type
of consideration chosen by the holders of a majority of the outstanding shares); provided, however, that if such consideration received in the Company Transaction is not solely common stock of the
Successor Company, the Plan Administrator may, with the consent of the Successor Company, provide for the consideration to be received upon the exercise of the Option,
for each share of Common Stock subject thereto, to be solely common stock of the Successor Company substantially equal in fair market value to the per share consideration received by holders of Common
Stock in the Company Transaction. The determination of such substantial equality of value of consideration shall be made by the Plan Administrator and its determination shall be conclusive and
binding. 

14.4 Further Adjustment of Awards  

        Subject to Sections 14.2 and 14.3, the Plan Administrator shall have the discretion, exercisable at any time before a sale, merger, consolidation, statutory share
exchange reorganization, liquidation, dissolution or change in control of the Company, as defined by the Plan Administrator, to take such further action as it determines to be necessary or advisable
with respect to Awards. Such authorized action may include (but shall not be limited to) establishing, amending or waiving the type, terms, conditions or duration of, or restrictions on, Awards so as
to provide for earlier, later, extended or additional time for exercise, lifting restrictions and other modifications, and the Plan Administrator may take such actions with respect to all
Participants, to certain categories of Participants or only to individual Participants. The Plan Administrator may take such action before or after granting Awards to which the action relates and
before or after any public announcement with respect to such sale, merger, consolidation, reorganization, liquidation, dissolution or change in control that is the reason for such action. 

14.5 No Limitations  

        The grant of Awards shall in no way affect the Company's right to adjust, reclassify, reorganize or otherwise change its capital or business structure or to
merge, consolidate, dissolve, liquidate or sell or transfer all or any part of its business or assets. 

10

 

14.6 Fractional Shares  

        In the event of any adjustment in the number of shares covered by any Award, each such Award shall cover only the number of full shares resulting from such
adjustment. 

SECTION 15. FIRST REFUSAL [AND REPURCHASE] RIGHTS  

15.1 First Refusal Rights  

        Until the date on which the initial registration of the Common Stock under Section 12(b) or 12(g) of the Exchange Act first becomes effective, the Company
shall have the right of first refusal with respect to any proposed sale or other disposition by a Participant of any shares of Common Stock issued pursuant to an Award. Such right of first refusal
shall be exercisable in accordance with the terms and conditions established by the Plan Administrator and set forth in the stock purchase agreement evidencing the purchase of the shares. 

15.2 Repurchase Rights for Vested Shares  

        Until the date on which the initial registration of the Common Stock under Section 12(b) or 12(g) of the Exchange Act first becomes effective, upon a
Participant's Termination of Service, all vested shares of Common Stock issued pursuant to an Award (whether issued before or after such Termination of Service) shall be subject to repurchase by the
Company, at the Company's sole discretion, at the Fair Market Value of such shares on the date of such repurchase. The terms and conditions upon which such repurchase right shall be exercisable
(including the period and procedure for exercise) shall be established by the Plan Administrator and set forth in the stock purchase agreement evidencing the purchase of the shares. 

15.3 General  

        The Company may not exercise its first refusal or repurchase rights under Section 15.1 or 15.2, respectively, earlier than six months and one day following
the date the shares were purchased by a Participant (or any shorter period determined by the Company to be sufficient to avoid a charge to the Company's earnings for financial reporting purposes or
required by applicable law). 

        The
Company's first refusal and repurchase rights under this Section 15 are assignable by the Company at any time. 

SECTION 16. MARKET STANDOFF  

        In the event of an underwritten public offering by the Company of its equity securities pursuant to an effective registration statement filed under the Securities
Act, including the Company's initial public offering, no person may sell, make any short sale of, loan, hypothecate, pledge, grant any option for the purchase of, or otherwise dispose of or transfer
for value or otherwise agree to engage in any of the foregoing transactions with respect to any shares issued pursuant to an Award granted under the Plan without the prior written consent of the
Company or its underwriters. Such limitations shall be in effect for such period of time as may be requested by the Company or such underwriters; provided, however, that in no event shall such period
exceed 180 days after the effective date of the registration statement. The limitations of this Section 16 shall in all events terminate two years after the effective date of the
Company's initial public offering. 

        In
the event of any stock split, stock dividend, recapitalization, combination of shares, exchange of shares or other change affecting the Company's outstanding Common Stock effected as
a class without the Company's receipt of consideration, any new, substituted or additional securities distributed with respect to the purchased shares shall be immediately subject to the provisions of
this Section 16, to the same extent the purchased shares are at such time covered by such provisions. 

11

 

        In
order to enforce the limitations of this Section 16, the Company may impose stop-transfer instructions with respect to the purchased shares until the end of the
applicable standoff period. 

SECTION 17. AMENDMENT AND TERMINATION  

17.1 Amendment, Suspension or Termination  

        The Board may amend, suspend or terminate the Plan or any portion of the Plan at any time and in such respects as it shall deem advisable; provided, however,
that, to the extent required by applicable law, regulation or stock exchange rule, stockholder approval shall be required for any amendment to
the Plan. Subject to Section 17.3, the Board may amend the terms of any outstanding Award, prospectively or retroactively. 

17.2 Term of the Plan  

        The Plan shall have no fixed expiration date. After the Plan is terminated, no future Awards may be granted, but Awards previously granted shall remain
outstanding in accordance with their applicable terms and conditions and the Plan's terms and conditions. Notwithstanding the foregoing, no Incentive Stock Options may be granted more than ten years
after the later of (a) the adoption of the Plan by the Board and (b) the adoption by the Board of any amendment to the Plan that constitutes the adoption of a new plan for purposes of
Section 422 of the Code. 

17.3 Consent of Participant  

        The amendment, suspension or termination of the Plan or a portion thereof or the amendment of an outstanding Award shall not, without the Participant's consent,
materially adversely affect any rights under any Award theretofore granted to the Participant under the Plan. Any change or adjustment to an outstanding Incentive Stock Option shall not, without the
consent of the Participant, be made in a manner so as to constitute a "modification" that would cause such Incentive Stock Option to fail to continue to qualify as an Incentive Stock Option.
Notwithstanding the foregoing, any adjustments made pursuant to Section 14 shall not be subject to these restrictions. 

SECTION 18. GENERAL  

18.1 No Individual Rights  

        No individual or Participant shall have any claim to be granted any Award under the Plan, and the Company has no obligation for uniformity of treatment of
Participants under the Plan. 

        Furthermore,
nothing in the Plan or any Award granted under the Plan shall be deemed to constitute an employment contract or confer or be deemed to confer on any Participant any right to
continue in
the employ of, or to continue any other relationship with, the Company or any Related Company or limit in any way the right of the Company or any Related Company to terminate a Participant's
employment or other relationship at any time, with or without cause. 

18.2 Issuance of Shares  

        Notwithstanding any other provision of the Plan, the Company shall have no obligation to issue or deliver any shares of Common Stock under the Plan or make any
other distribution of benefits under the Plan unless, in the opinion of the Company's counsel, such issuance, delivery or distribution would comply with all applicable laws (including, without
limitation, the requirements of the Securities Act or the laws of any state or foreign jurisdiction) and the applicable requirements of any securities exchange or similar entity. 

12

   
        The Company shall be under no obligation to any Participant to register for offering or resale or to qualify for exemption under the Securities Act, or to register or qualify under the
laws of any state or foreign jurisdiction, any shares of Common Stock, security or interest in a security paid or issued under, or created by, the Plan, or to continue in effect any such registrations
or qualifications if made. 

        As
a condition to the exercise of an Option or any other receipt of Common Stock pursuant to an Award under the Plan, the Company may require (a) the Participant to represent and
warrant at the time of any such exercise or receipt that such shares are being purchased or received only for the Participant's own account and without any present intention to sell or distribute such
shares and (b) such other action or agreement by the Participant as may from time to time be necessary to comply with the federal, state and foreign securities laws. At the option of the
Company, a stop-transfer order against any such shares may be placed on the official stock books and records of the Company, and a legend indicating that such shares may not be pledged,
sold or otherwise transferred, unless an opinion of counsel is provided (concurred in by counsel for the Company) stating that such transfer is not in violation of any applicable law or regulation,
may be stamped on stock certificates to ensure exemption from registration. The Plan Administrator may also require the Participant to execute and deliver to the Company a purchase agreement or such
other agreement as may be in use by the Company at such time that describes certain terms and conditions applicable to the shares. 

        To
the extent the Plan or any instrument evidencing an Award provides for issuance of stock certificates to reflect the issuance of shares of Common Stock, the issuance may be effected
on a noncertificated basis, to the extent not prohibited by applicable law or the applicable rules of any stock exchange. 

	18.3
	Indemnification  

        Each person who is or shall have been a member of the Board or a committee appointed by the Board or an officer of the Company to whom authority was delegated in
accordance with Section 3.1 shall be indemnified and held harmless by the Company against and from any loss, cost, liability or expense that may be imposed upon or reasonably incurred by such
person in connection with or resulting from any claim, action, suit or proceeding to which such person may be a party or in which such person may be involved by reason of any action taken or failure
to act under the Plan and against and from any and all amounts paid by such person in settlement thereof, with the Company's approval, or paid by such person in satisfaction of any judgment in any
such claim, action, suit or proceeding against such person; provided, however, that such person shall give the Company an opportunity, at its own expense, to
handle and defend the same before such person undertakes to handle and defend it on such person's own behalf, unless such loss, cost, liability or expense is a result of such person's own willful
misconduct or except as expressly provided by statute. 

        The
foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such person may be entitled under the Company's certificate of incorporation
or bylaws, as a matter of law, or otherwise, or of any power that the Company may have to indemnify or hold harmless. 

	18.4
	No Rights as a Stockholder  

        Unless otherwise provided by the Plan Administrator or in the instrument evidencing the Award or in a written employment, services or other agreement, no Option,
Stock Appreciation Right or Stock Unit shall entitle the Participant to any cash dividend, voting or other right of a stockholder unless and until the date of issuance under the Plan of the shares
that are the subject of such Award. 

13

 

	18.5
	Compliance With Laws and Regulations  

        In interpreting and applying the provisions of the Plan, any Option granted as an Incentive Stock Option pursuant to the Plan shall, to the extent permitted by
law, be construed as an "incentive stock option" within the meaning of Section 422 of the Code. 

	18.6
	Participants in Other Countries or Jurisdictions  

        Without amending the Plan, the Plan Administrator may grant Awards to eligible persons who are foreign nationals on such terms and conditions different from those
specified in the Plan, which may, in the judgement of the Plan Administrator, be necessary or desirable to foster and promote achievement of the purposes of the Plan and shall have the authority to
adopt such modifications, procedures, subplans and the like as may be necessary or desirable to comply with provisions of the laws or
regulations of other countries or jurisdictions in which the Company or any Related Company may operate or have employees to ensure the viability of the benefits from Awards granted to Participants
employed in such countries or jurisdictions, meet the requirements that permit the Plan to operate in a qualified or tax efficient manner, comply with applicable foreign laws or regulations and meet
the objectives of the Plan. 

	18.7
	No Trust or Fund  

        The Plan is intended to constitute an "unfunded" plan. Nothing contained herein shall require the Company to segregate any monies or other property, or shares of
Common Stock, or to create any trusts, or to make any special deposits for any immediate or deferred amounts payable to any Participant, and no Participant shall have any rights that are greater than
those of a general unsecured creditor of the Company. 

	18.8
	Successors  

        All obligations of the Company under the Plan with respect to Awards shall be binding on any successor to the Company, whether the existence of such successor is
the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all the business and/or assets of the Company. 

	18.9
	Severability  

        If any provision of the Plan or any Award is determined to be invalid, illegal or unenforceable in any jurisdiction, or as to any person, or would disqualify the
Plan or any Award under any law deemed applicable by the Plan Administrator, such provision shall be construed or deemed amended to conform to applicable laws, or, if it cannot be so construed or
deemed amended without, in the Plan Administrator's determination, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction, person or Award,
and the remainder of the Plan and any such Award shall remain in full force and effect. 

	18.10
	Choice of Law and Venue  

        The Plan, all Awards granted thereunder and all determinations made and actions taken pursuant hereto, to the extent not otherwise governed by the laws of the
United States, shall be governed by the laws of the State of Nevada without giving effect to principles of conflicts of law. Participants irrevocably consent to the nonexclusive jurisdiction and venue
of the state and federal courts located in the State of Nevada. 

	18.11
	Legal Requirements  

        The granting of Awards and the issuance of shares of Common Stock under the Plan is subject to all applicable laws, rules and regulations, and to such approvals
by any governmental agencies or national securities exchanges as may be required. 

14

 

	18.12
	Appendix Provisions  

        Participants who are residents of the State of California shall be subject to the additional terms and conditions set forth in Appendix B to the Plan until
such time as the Common Stock becomes a "listed" security under the Securities Act. 

SECTION 19. EFFECTIVE DATE  

        The effective date (the "Effective Date") is the date on which the Plan is adopted by the Board. If the
stockholders of the Company do not approve the Plan within 12 months after the Board's adoption of the Plan, any Incentive Stock Options granted under the Plan will be treated as Nonqualified
Stock Options. 

PLAN ADOPTION AND AMENDMENTS/ADJUSTMENTS SUMMARY PAGE  

	Date of

Board Action
 
	 	Action
	 	Section/Effect of

Amendment
	 	Date of Stockholder

Approval

	                        , 2005	 	Initial Plan Adoption	 	 	 	                        , 2005

15

 
APPENDIX A  

        "Acquired Entity" means any entity acquired by the Company or a Related Company or with which the Company or a
Related Company merges or combines. 

        "Acquisition Price" means the fair market value of the securities, cash or other property, or any combination thereof, receivable upon
consummation of a Company Transaction in respect of a share of Common Stock. 

        "Award" means any Option, Stock Appreciation Right, Stock Award, Restricted Stock, Stock Unit or cash-based award or other
incentive payable in cash or in shares of Common Stock, as may be designated by the Plan Administrator from time to time. 

        "Board" means the Board of Directors of the Company. 

        "Cause," unless otherwise defined in the instrument evidencing an Award or in a written employment, services or other agreement between
the Participant and the Company or a Related Company, means dishonesty, fraud, serious or willful misconduct, unauthorized use or disclosure of confidential information or trade secrets, or conduct
prohibited by law (except minor violations), in each case as determined by the Company's chief human resources officer or other person performing that function or, in the case of directors and
executive officers, the Board, whose determination shall be conclusive and binding. 

        "Code" means the Internal Revenue Code of 1986, as amended from time to time. 

        "Common Stock" means the common stock, par value $0.001 per share, of the Company. 

        "Company" means Ready Mix, Inc., a Nevada corporation. 

        "Company Transaction," unless otherwise defined in the instrument evidencing the Award or in a written employment, services or other
agreement between the Participant and the Company or a Related Company, means consummation of: 

	(a)
	a
merger or consolidation of the Company with or into any other company or other entity;

	(b)
	a
statutory share exchange pursuant to which the Company's outstanding shares are acquired or a sale in one transaction or a series of transactions undertaken with a common purpose of
at least 80% of the Company's outstanding voting securities; or

	(c)
	a
sale, lease, exchange or other transfer in one transaction or a series of related transactions undertaken with a common purpose of all or substantially all of the Company's assets. 

        Where
a series of transactions undertaken with a common purpose is deemed to be a Company Transaction, the date of such Company Transaction shall be the date on which the last of such
transactions is consummated. 

        "Disability," unless otherwise defined by the Plan Administrator or in the instrument evidencing the Award or in a written employment,
services or other agreement between the Participant and the Company or a Related Company, means a mental or physical impairment of the Participant that is expected to result in death or that has
lasted or is expected to last for a continuous period of 12 months or more and that causes the Participant to be unable to perform his or her material duties for the Company or a Related
Company and to be engaged in any substantial gainful activity, in each case as determined by the Company's chief human resources officer or other person performing that function or, in the case of
directors and executive officers, the Board, each of whose determination shall be conclusive and binding. 

        "Effective Date" has the meaning set forth in Section 19. 

        "Eligible Person" means any person eligible to receive an Award as set forth in Section 5. 

16

 

        "Exchange Act" means the Securities Exchange Act of 1934, as amended from time to time. 

        "Fair Market Value" means the per share fair market value of the Common Stock as established in good faith by the Plan Administrator or,
if the Common Stock is publicly traded, the average of the high and low trading prices for the Common Stock on any given date during regular trading, or if not trading on that date, such price on the
last preceding date on which the Common Stock was traded, unless determined otherwise by the Plan Administrator using such methods or procedures as it may establish. 

        "Grant Date" means the later of (a) the date on which the Plan Administrator completes the corporate action authorizing the grant
of an Award or such later date specified by the Plan Administrator or (b) the date on which all conditions precedent to an Award have been satisfied, provided that conditions to the
exercisability or vesting of Awards shall not defer the Grant Date. 

        "Incentive Stock Option" means an Option granted with the intention that it qualify as an "incentive stock option" as that term is defined
for purposes of Section 422 of the Code or any successor provision. 

        "Nonqualified Stock Option" means an Option other than an Incentive Stock Option. 

        "Option" means a right to purchase Common Stock granted under Section 7. 

        "Option Expiration Date" has the meaning set forth in Section 7.6. 

        "Option Term" means the maximum term of an Option as set forth in Section 7.3. 

        "Participant" means any Eligible Person to whom an Award is granted. 

        "Plan" means the Meadow Valley Corporation 2005 Equity Incentive Plan. 

        "Plan Administrator" has the meaning set forth in Section 3.1. 

        "Related Company" means any entity that, directly or indirectly, is in control of, is controlled by or is under common control with the
Company. 

        "Related Party Transaction" means (a) a merger or consolidation of the Company, or a statutory share exchange pursuant to which the
Company's outstanding shares are acquired, in which the holders of the outstanding voting securities of the Company immediately prior to the merger or consolidation hold at least a majority of the
outstanding voting securities of the Successor Company immediately after the merger, consolidation or statutory share exchange; (b) a sale, lease, exchange or other transfer of all or
substantially all of the Company's assets to a majority-owned subsidiary company; or (c) a transaction undertaken for the principal purpose of restructuring the capital of the Company,
including, but not limited to, reincorporating the Company in a different jurisdiction, converting the Company to a limited liability company or creating a holding company. 

        "Restricted Stock" means an Award of shares of Common Stock granted under Section 10, the rights of ownership of which are subject
to restrictions prescribed by the Plan Administrator. 

        "Retirement," unless otherwise defined in the instrument evidencing the Award or in a written employment, services or other agreement
between the Participant and the Company or a Related Company, means "retirement" as defined for purposes of the Plan by the Plan Administrator or the Company's chief human resources officer or other
person performing that function or, if not so defined, means Termination of Service on or after the date the Participant reaches "normal retirement age," as that term is defined in
Section 411(a)(8) of the Code. 

        "Securities Act" means the Securities Act of 1933, as amended from time to time. 

        "Stock Appreciation Right" or "SAR" means a right granted under Section 9.1 to
receive the excess of the Fair Market Value of a specified number of shares of Common Stock over the grant price. 

17

 

        "Stock Award" means an Award of shares of Common Stock granted under Section 10, the rights of ownership of which are not subject
to restrictions prescribed by the Plan Administrator. 

        "Stock Unit" means an Award denominated in units of Common Stock granted under Section 10. 

        "Substitute Awards" means Awards granted or shares of Common Stock issued by the Company in substitution or exchange for awards previously
granted by an Acquired Entity. 

        "Successor Company" means the surviving company, the successor company, the acquiring company or its parent, as applicable, in connection
with a Company Transaction. 

        "Termination of Service" means a termination of employment or service relationship with the Company or a Related Company for any reason,
whether voluntary or involuntary, including by reason of death, Disability or Retirement. Any question as to whether and when there has been a Termination of Service for the purposes of an Award and
the cause of such Termination of Service shall be determined by the Company's chief human resources officer or other person performing that function or, with respect to directors and executive
officers, by the Board, whose determination shall be conclusive and binding. Transfer of a Participant's employment or service relationship between the Company and any Related Company shall not be
considered a Termination of Service for purposes of an Award. Unless the Board determines otherwise, a Termination of Service shall be deemed to occur if the Participant's employment or service
relationship is with an entity that has ceased to be a Related Company. 

        "Vesting Commencement Date" means the Grant Date or such other date selected by the Plan Administrator as the date from which an Award
begins to vest. 

18

 
APPENDIX B  

 TO THE MEADOW VALLEY CORPORATION

2005 EQUITY INCENTIVE PLAN  

(For California Residents Only) 

        This
Appendix to the Ready Mix, Inc. 2005 Equity Incentive Plan (the "Plan") shall have application only to Participants who are
residents of the State of California. Capitalized terms contained herein shall have the same meanings given to them in the Plan, unless otherwise provided in this Appendix.  Notwithstanding any provision contained in the Plan
to the contrary and to the extent required by applicable law, the following terms and conditions shall apply to all Awards
granted to residents of the State of California, until such time as the Common Stock becomes a "listed security" under the Securities Act:

	1.
	Nonqualified
Stock Options shall have an exercise price that is not less than 85% of the Fair Market Value of the Common Stock at the Grant Date, except that the exercise
price shall be at least 110% of the Fair Market Value in the case of any person who owns stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or its
parent or subsidiary companies.

	2.
	The
purchase price for any shares of Common Stock that may be purchased under the Plan ("Stock Purchase Rights") shall be
at least 85% of the Fair Market Value of the Common Stock at the time the Participant is granted the Stock Purchase Right or at the time the purchase is consummated. Notwithstanding the foregoing, the
purchase price shall be at least 100% of the Fair Market Value of the Common Stock at the time the Participant is granted the Stock Purchase Right or at the time the purchase is consummated in the
case of any person who owns stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or its parent or subsidiary companies.

	3.
	Options
shall have a term of not more than ten years from the Grant Date.

	4.
	Awards
shall be nontransferable other than by will or the laws of descent and distribution. Notwithstanding the foregoing, and to the extent permitted by
Section 422 of the Code, the Plan Administrator, in its discretion, may permit distribution of an Option to an inter vivos or testamentary trust in which the Option is to be passed to
beneficiaries upon the death of the trustor (settlor), or by gift to "immediate family" as that term is defined in Rule 16a-1(e) under the Exchange Act.

	5.
	Options
shall become exercisable at the rate of at least 20% per year over five years from the date the Option is granted, subject to reasonable conditions such as
continued employment. However, in the case of an Option granted to officers, directors or consultants of the Company or a Related Company, the Option may become fully exercisable, subject to
reasonable conditions such as continued employment, at any time or during any period established by the Company or a Related Company.

	6.
	Unless
employment or services are terminated for Cause, the right to exercise an Option in the event of Termination of Service, to the extent that the Participant is
otherwise entitled to exercise an Option on the date of Termination of Service, shall be

	a.
	at
least six months from the date of a Participant's Termination of Service if termination was caused by death or Disability; and

	b.
	at
least 30 days from the date of a Participant's Termination of Service if termination of employment was caused by other than death or Disability;

	c.
	but
in no event later than the Option Expiration Date. 

19

 

	7.
	No
Award may be granted to a resident of California more than ten years after the earlier of the date of adoption of the Plan and the date the Plan is approved by the
stockholders.

	8.
	Any
Award exercised before stockholder approval is obtained shall be rescinded if stockholder approval is not obtained within 12 months before or after the Plan is
adopted. Such shares shall not be counted in determining whether such approval is obtained.

	9.
	The
Company shall provide annual financial statements of the Company to each California resident holding an outstanding Award under the Plan. Such financial statements
need not be audited and need not be issued to key employees whose duties at the Company assure them access to equivalent information.

	10.
	Any
right of repurchase on behalf of the Company in the event of a Participant's Termination of Service shall be (a) at a purchase price that is not less than the
Fair Market Value of the securities upon Termination of Service, and the right to repurchase shall be exercised for cash or cancellation of purchase money indebtedness for the shares within
90 days of Termination of Service (or in the case of securities issued upon exercise of Options after the date of Termination of Service, within 90 days after the date of the exercise),
and the right shall terminate when the Company's securities become publicly traded; or (b) at the original purchase price, provided that the right to repurchase at the original purchase price
lapses at the rate of at least 20% of the shares per year over five years from the date the Option or Stock Purchase Right is granted (without respect to the date the Option or Stock Purchase Right
was exercised or became exercisable) and the right to repurchase shall be exercised for cash or cancellation of purchase money indebtedness for the shares within 90 days of Termination of
Service (or in the case of securities issued upon exercise of Options after the date of Termination of Service, within 90 days after the date of the exercise). In addition to the restrictions
set forth in clauses (a) and (b), the securities held by an officer, director or consultant of the Company or a Related Company may be subject to additional or greater restrictions. 

20

QuickLinks

READY MIX, INC. 2005 EQUITY INCENTIVE PLAN

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