Document:

<PAGE>

                                                                     Exhibit 4.5
                                                                     -----------

                      APPLIED EXTRUSION TECHNOLOGIES, INC

                      2001 STOCK OPTION PLAN FOR DIRECTORS

     1.  PURPOSE
         -------

     The purpose of this 2001 Stock Option Plan for Directors (the "Plan") is to
advance the interest of Applied Extrusion Technologies, Inc. (the "Company") by
enhancing the ability of the Company to attract and retain non-employee
directors who are in a position to make significant contributions to the success
of the Company and to reward directors for such contributions through ownership
of shares of the Company's common stock (the "Stock).

     2.  ADMINISTRATION
         --------------

     The Plan shall be administered by a committee (the "Committee") of the
Board of Directors (the "Board") of the Company designated by the Board for that
purpose.  Unless and until a Committee is appointed the Plan shall be
administered by the entire Board, and references in the Plan to the "Committee"
shall be deemed references to the Board.  The Committee shall have authority,
not inconsistent with the express provisions of the Plan, (a) to grant options
in accordance with the Plan to such directors as are eligible to receive
options; (b) to prescribe the form or forms of instruments evidencing options
and any other instruments required under the Plan and to change such forms from
time to time; (c) to adopt, amend and rescind rules and regulations for the
administration of the Plan; and (d) to interpret the Plan and to decide any
questions and settle all controversies and disputes that may arise in connection
with the Plan.  Such determinations of the Committee shall be conclusive and
shall bind all parties.  Subject to Section 8, the Committee shall also have the
authority, both generally and in particular instances, to waive compliance by a
director with any obligation to be performed by him or her under an option and
to waive any condition or provision of an option.

     3. EFFECTIVE DATE AND TERM OF PLAN
        -------------------------------

     The Plan shall become effective on the date on which the Plan is approved
by the Board of Directors of the Company, but the Plan and any options granted
pursuant to the Plan shall be subject to the later approval thereof by the
shareholders of the Company.  No option shall be granted under the Plan after
the completion of ten years from the date on which the Plan was adopted by the
Board, but options previously granted may extend beyond that date.

     4.  SHARES SUBJECT TO THE PLAN
         --------------------------

     (a)  Number of Shares.  Subject to adjustment as provided in Section 4(c),
          ----------------
the aggregate number of shares of Stock that may be delivered upon the exercise
of options granted under the Plan shall be 500,000.
<PAGE>

     (b)  Shares to be Delivered.  Shares delivered under the Plan shall be
          ----------------------
authorized but unissued Stock or, if the Board so decides in its sole
discretion, previously issued Stock acquired by the Company and held in
treasury.  No fractional shares of Stock shall be delivered under the Plan.

     (c)  Changes in Stock.  In the event of a stock dividend, stock split or
          ----------------
combination of shares, recapitalization or other change in the Company's capital
stock, the number and kind of shares of stock or securities of the Company
subject to options then outstanding or subsequently granted under the Plan, the
maximum number of shares or securities that may be delivered under the Plan, the
exercise price, and other relevant provisions shall be appropriately adjusted by
the Committee, whose determination shall be binding on all persons.

     5.  ELIGIBILITY FOR OPTIONS.
         -----------------------

     Directors eligible to receive options under the Plan ("Eligible Directors")
shall be any director who is not an employee of the Company.

     6.  TERMS AND CONDITIONS OF OPTIONS.
         -------------------------------

     (a)  Number of Options.  Each Eligible Director who has served as a
          -----------------
Director of the Company for not less than ten years (measured as of the date of
the Board's adoption of the Plan) shall be awarded an option covering 25,000
shares of Stock on June 30, 2001 (a "Service Grant").  In addition, each
Eligible Director, excluding those who are directors on the date of adoption of
the Plan, shall be awarded an initial grant governing 25,000 shares of Stock on
the date of his or her first election (an "Initial Grant").  Each Eligible
Director that is a director of the Company on each June 30 commencing June 30,
2001 shall be awarded on such June 30 an option covering 10,000 shares of Stock
(an "Annual Grant"); provided, that if such Eligible Director has received an
Initial Grant in the twelve months preceeding such June 30, then such Eligible
Director shall not be entitled to the Annual Grant on such June 30.

     (b)  Exercise Price.  The exercise price of each option shall be 100% of
          --------------
the fair market value per share of the Stock at the time the option is granted,
but not less, in the case of an original issue of authorized stock, than par
value per share.

     (c)  Duration of Options.  The latest date on which an option may be
          -------------------
exercised (the "Final Exercise Date") shall be the date which is ten years from
the date the option was granted.

     (d)  Exercise of Options.
          -------------------

     (1)  The awards of options granted under this Plan shall become exercisable
          in the following manner:  Each Service Grant, Annual Grant and Initial
          Grant shall become exercisable as to twenty-five percent (25%) of the
          shares covered thereby on each of the first, second, third and fourth
          anniversaries of the date of such grant.

                                      -2-
<PAGE>

     (2)  Any exercise of an option shall be in writing, signed by the proper
          person and delivered or mailed to the Company, accompanied by (a) the
          option certificate and any other documents required by the Committee
          and (b) payment in full for the number of shares for which the option
          is exercised.

     (3)  To the extent the Company must satisfy any federal, state or local
          withholding tax requirement in connection with an individual
          exercising an option, upon such exercise the Company shall withhold
          from the shares of stock to be delivered upon the exercise of the
          option the number of shares of stock having a fair market value equal
          to such withholding obligation.

     (4)  If an option is exercised by the executor or administrator of a
          deceased director, or by the person or person to whom the option has
          been transferred by the director's will or the application laws of
          descent and distribution, the Company shall be under no obligation to
          deliver Stock pursuant to such exercise until the Company is satisfied
          as to the authority of the person or persons exercising the option.

     (e)  Payment for and Delivery of Stock.  Stock purchased under the Plan
          ---------------------------------
shall be paid for as follows: (i) in cash or by check (acceptable to the Company
in accordance with the guidelines established for this purpose), bank draft or
money order payable to the order of the Company or (ii) if so permitted by the
original terms of the option or by the Committee after grant of the option, (A)
through the delivery of shares of Stock (which, in the case of shares of Stock
acquired from the Company, have been outstanding for at lease six months) having
a fair market value on the last business day preceding the date of exercise
equal to the purchase price or (B) by having the Company hold back from the
shares transferred upon exercise Stock having a fair market value on the last
business day preceding the date of exercise equal to the purchase price or (C)
by delivery of a promissory note of the option holder to the Company, such note
to be payable on such terms as are specified or (D) by delivery of an
unconditional and irrevocable undertaking by a broker to deliver promptly to the
Company sufficient funds to pay the exercise price or (E) by any combination of
the permissible forms of payment; provided, that if the Stock delivered upon
                                  --------
exercise of the option is an original issue of authorized Stock, at least so
much of the exercise price as represents the par value of such Stock shall be
paid other than with a personal check or promissory note of the option holder.

     An option holder shall not have the rights of a shareholder with regard to
awards under the Plan except as to Stock actually received by him or her under
the Plan.

     The Company shall not be obligated to deliver any shares of Stock (a)
until, in the opinion of the Company's counsel, all applicable federal and state
laws and regulations have been complied with, and (b) if the outstanding Stock
is at the time listed on any stock exchange, until the shares to be delivered
have been listed or authorized to be listed on such exchange upon official
notice of issuance, and (c) until all other legal matters in connection with the
issuance and delivery of such shares have been approved by the Company's
counsel.  If the sale of Stock has not been registered under the Securities Act
of 1933, as amended, the Company may require,

                                      -3-
<PAGE>

as a condition to exercise of the option, such representations or agreements as
counsel for the Company may consider appropriate to avoid violation of such Act
and may require that the certificates evidencing such Stock bear an appropriate
legend restricting transfer.

     (f) Limited Transferability of Options.  No option may be transferred,
         ----------------------------------
except (i) by will or by the laws of descent and distribution or (ii) to parties
that are eligible to have such transferred options and the underlying securities
registered on the Plan's existing Form S-8 Registration Statements, such
eligibility to be determined in accordance with the General Instructions to Form
S-8 and other rulings and pronouncements of the Securities and Exchange
Commission as may be in effect from time to time.

     (g) Death.  Upon the death of any Eligible Director granted options under
         -----
this Plan, all options not then exercisable shall terminate.  All options held
by the director that are exercisable immediately prior to death may be exercised
by his or her executor or administrator, or by the person or persons to whom the
option is transferred by will or the applicable laws of descent and
distribution, at any time within six months after the director's death (subject,
however, to the limitations of Section 6(c) regarding the maximum exercise
period for such option).  After completion of that six-month period, such
options shall terminate to the extent not previously exercised.

     (h) Other Termination of Status of Director.  If a director's service with
         ---------------------------------------
the Company terminates for any reason other than death, all options held by the
director that are not then exercisable shall terminate.  Options that are
exercisable on the date of termination shall continue to be exercisable for a
period of three months (subject to Section 6(c)), but shall terminate
immediately if the director was removed for cause or resigned under
circumstances which in the opinion of the Committee casts such discredit on him
or her as to justify termination of his or her options.  After completion of
that three-month period, such options shall terminate to the extent not
previously exercised, expired or terminated.

     (i) Mergers, etc.  Subject to Section 7, in the event of any merger or
         ------------
consolidation involving the Company, any sale of substantially all of the
Company's assets or stock or a dissolution or liquidation of the Company, all
options hereunder will terminate, but at least 20 days prior to the effective
date of any such merger, sale, dissolution, or liquidation, the Committee shall
make all options outstanding hereunder immediately exercisable, provided that,
unless the event will give rise to a Change of Control (as hereinafter defined)
or it is anticipated that a Change of Control will coincide with or follow the
event, the Committee may instead arrange that the successor or surviving
corporation, if any, grant replacement options.

     7.  CHANGE OF CONTROL
         -----------------

     Notwithstanding any other provision of this Plan, in the event of a Change
of Control of the Company as defined in Exhibit A hereto each option held by
each Eligible Director will immediately become fully exercisable.

                                      -4-
<PAGE>

     8.   EFFECT, DISCONTINUANCE, CANCELLATION, AMENDMENT, TERMINATION AND
          ----------------------------------------------------------------
          EFFECTIVENESS
          -------------

     Neither adoption of the Plan nor the grant of options to a director shall
affect the Company's right to grant to such director options that are not
subject to the Plan, to issue to such directors Stock as a bonus or otherwise,
or to adopt other plans or arrangements under which Stock may be issued to
directors.

     The Committee may at any time discontinue granting options under the Plan.
The Committee may at any time or times amend the Plan for the purpose of
satisfying any changes in applicable laws or regulations or for any other
purpose which may at the time be permitted by law, or may at any time terminate
the Plan as to any further grants of options, provided that (except to the
extent expressly required or permitted herein above) no such amendment shall,
without the approval of the shareholders of the Company, (a) increase the
maximum number of shares available under the Plan, (b) increase the number of
options granted to Eligible Directors, (c)  amend the definition of Eligible
Director so as to enlarge the group of directors eligible to receive options
under the Plan, (d) reduce the price at which options may be granted, (e) change
or extend the times at which options may be granted, or (f) amend the provisions
of this Section 8, and no such amendment shall adversely affect the rights of
any director (without his or her consent) under any option previously granted.

                                      -5-
<PAGE>

                                   EXHIBIT A
                                   ---------

     A Change of Control will occur for purposes of this Plan if (i) any
individual, corporation, partnership, company or other entity (including a
"group" of the type referred to in Rule 13d-5 under the Securities Exchange Act
of 1934, as amended (the "Act"), (a "Person") becomes the "beneficial owner" (as
defined in Rule 13d-3 under the Act) of securities of the Company representing
more than 30% of the combined voting power of the Company's then-outstanding
securities (other than as a result of acquisitions of such securities from the
Company), (ii) there is a change of control of the Company of a kind which would
be required to be reported under Item 6(e) of Schedule 14A of Regulation 14A
promulgated under the Act (or a similar item in a similar schedule or form),
whether or not the Company is then subject to such reporting requirement, (iii)
the Company is a party to, or the stockholders approve, a merger, consolidation,
or other reorganization (other than (a) a merger, consolidation or other
reorganization which would result in the voting securities of the Company
outstanding immediately prior thereto continuing to represent, either by
remaining outstanding or by being converted into voting securities of the
surviving entity, more than 50% of the combined voting power of the voting
securities of the Company or such surviving entity outstanding immediately after
such merger, consolidation, or other reorganization, or (b) a merger,
consolidation, or other reorganization effected to implement a recapitalization
of the Company, or similar transaction, in which no Person acquires more than
20% of the combined voting power of the Company's then outstanding securities),
a sale of all or substantially all assets, or a plan of liquidation, or (iv)
individuals who, at the date hereof, constitute the Board cease for any reason
to constitute a majority thereof; provided, however, that any director who is
                                  --------  -------
not in office at the date hereof but whose election by the Board or whose
nomination for election by the Company's shareholders was approved by a vote of
at least a majority of the directors then still in office who either were
directors at the date hereof or whose election or nomination for election was
previously so approved (other than an election or nomination of an individual
whose initial assumption of office is in connection with an actual or threatened
election contest relating to the election of the Directors of the Company) shall
be deemed to have been in office at the date hereof for purposes of this
definition.

     Notwithstanding the foregoing provisions of this Exhibit A, a "Change of
Control" will not be deemed to have occurred solely because of the acquisition
of securities of the Company (or any reporting requirements under the Act
relating thereto) by an employment benefit plan maintained by the Company for
its employees.

                                      -6-EXHIBIT 10.51

Omissions denoted by any asterisks herein are confidential  materials separately
filed with the Securities and Exchange  Commission under a pending  Confidential
Treatment Request.
================================================================================

                              AGREEMENT OF PURCHASE

                               AND SALE OF ASSETS

                                  by and among

                      STAKER PAVING AND CONSTRUCTION, INC.
                            JACK B. PARSON COMPANIES

                                  as the Buyers

                                       and

                              VALLEY ASPHALT, INC.
                        GEODYNE BECK ROCK PRODUCTS, INC.
                          EAGLE VALLEY MATERIALS, INC.
                                  MONROC, INC.

                            WESTERN AGGREGATES, INC.

                                 as the Sellers

                                       and

                              U.S. AGGREGATES, INC.
                            OLDCASTLE MATERIALS, INC.

                                 March 30, 2001

================================================================================
<PAGE>

                                TABLE OF CONTENTS
                                                                            Page
                                                                            ----

RECITALS ......................................................................1

AGREEMENT......................................................................1

1.       Purchase and Sale of Assets...........................................2
         1.1.     Acquired Assets..............................................2
         1.1A.    Acquired Staker Assets.......................................3
         1.2.     Excluded Assets..............................................4
         1.2A.    Buyer Excluded Assets........................................4
         1.3.     Purchase Price...............................................5
         1.4.     Related Agreements...........................................8
         1.5.     Closing Date.................................................9

2.       Liabilities of the Operations.........................................9
         2.1.     Liabilities Assumed by Buyers................................9
         2.1A.    Liabilities Assumed by Sellers..............................10
         2.2.     Liabilities Not Assumed by Buyers...........................10
         2.2A.    Liabilities Not Assumed by Sellers..........................10

3.       Allocation of Purchase Price.........................................11

4.       Representations and Warranties of the Sellers........................11
         4.1.     Organization and Qualification..............................11
         4.2.     Authority...................................................11
         4.3.     Financial Condition.........................................12
                  4.3.1.   Financial Statements...............................12
                  4.3.2.   Absence of Certain Changes.........................12
                  4.3.3.   No Transfers.......................................13
         4.4.     Tax Matters.................................................13
                  4.4.1.   Tax Returns; Disputes..............................14
                  4.4.2.   Section 168........................................14
                  4.4.3.   FIRPTA.............................................14
                  4.4.4.   Tax Definitions....................................14
         4.5.     Litigation and Claims.......................................14
                  4.5.1.   Litigation Pending or Threatened...................14
                  4.5.2.   Operations Enjoined................................14
                  4.5.3.   Violation of Law; Permits..........................15
         4.6.     Properties and Assets of the Sellers........................15
                  4.6.1.   Title to Real Property.............................15
                           4.6.1.1.         Maintenance.......................18
                           4.6.1.2.         Assessments.......................18
                           4.6.1.3.         Binding Commitments...............18
                           4.6.1.4.         Title Documents...................18

                                       (i)
<PAGE>
                                                                            Page
                                                                            ----

                           4.6.1.5.         No Breach or Event of
                                             Default; Property Leases........19
                           4.6.1.6.         Violation of Law.................19
                           4.6.1.7.         Location.........................19
                  4.6.2.   Personal Property.................................19
         4.7.     Insurance..................................................20
         4.8.     Labor and Employment Matters...............................20
                  4.8.1.   Labor and Employment Definitions..................20
                  4.8.2.   Employee Benefit Plans............................21
                  4.8.3.   Benefit Obligations...............................22
                  4.8.4.   Performance.......................................22
                  4.8.5.   Compensation......................................22
                  4.8.6.   Resignations......................................22
                  4.8.7.   Collective Bargaining Agreements..................22
                  4.8.8.   [Reserved]........................................23
                  4.8.9.   Termination of Employment.........................23
         4.9.     Compensation of and Indebtedness to and from Employees.....23
                  4.9.1.   Employee Compensation.............................23
                  4.9.2.   Indebtedness......................................23
         4.10.    Contracts and Other Instruments............................23
                  4.10.1.  Contracts.........................................23
         4.11.    Environmental Matters......................................24
                  4.11.1.  Hazardous Materials...............................24
                  4.11.2.  Environmental Requirements........................24
                  4.11.3.  Notice of Violations..............................24
                  4.11.4.  Potentially Responsible Party.....................25
                  4.11.5.  Environmental Reports.............................25
                  4.11.6.  Definitions.......................................25
         4.12.    Agreement Not in Breach of Other Instruments...............26
         4.13.    Regulatory Approvals.......................................26
         4.14.    Inventories................................................27
         4.15.    Disclosure.................................................27
         4.16.    Brokerage..................................................27
         4.17.    Customers..................................................27
         4.18.    Product Liability..........................................27
         4.19.    Solvency...................................................28
         4.20.    Sufficiency of Assets......................................28
         4.21.    Preservation of Documents..................................28
         4.22.    Hart-Scott-Rodino..........................................28

5.       Representations and Warranties of the Buyers.........................28
         5.1.     Organization and Qualification..............................28
         5.2.     Authority...................................................28
         5.3.     Financial Condition.........................................28
                  5.3.1.   Financial Statements...............................28
                  5.3.2.   Absence of Certain Changes.........................29
                  5.3.3.   No Transfers.......................................30

                                      (ii)
<PAGE>
                                                                            Page
                                                                            ----

         5.4.     Tax Matters.................................................30
                  5.4.1.   Tax Returns; Disputes..............................30
                  5.4.2.   SECTION 168........................................30
                  5.4.3.   FIRPTA.............................................31
         5.5.     Litigation and Claims.......................................31
                  5.5.1.   Litigation Pending or Threatened...................31
                  5.5.2.   Operations Enjoined................................31
                  5.5.3.   Violation of Law; Permits..........................31
         5.6.     Properties and Assets of Staker.............................31
                  5.6.1.   Title to Real Property.............................32
                           5.6.1.1.         Maintenance.......................34
                           5.6.1.2.         Assessments.......................35
                           5.6.1.3.         Binding Commitments...............35
                           5.6.1.4.         Title Documents...................35
                           5.6.1.5.         No Breach or Event of Default;
                                             Property Leases..................35
                           5.6.1.6.         Violation of Law..................35
                           5.6.1.7.         Location..........................36
                  5.6.2.   Personal Property..................................36
         5.7.     Insurance...................................................36
         5.8.     Labor and Employment Matters................................36
                  5.8.1.   Labor and Employment Definitions...................36
                  5.8.2.   Buyer Employee Benefit Plans.......................36
                  5.8.3.   Benefit Obligations................................37
                  5.8.4.   Performance........................................37
                  5.8.5.   Compensation.......................................37
                  5.8.6.   Resignations.......................................37
         5.9.     Compensation of and Indebtedness to and from Employees......38
                  5.9.1.   Employee Compensation..............................38
                  5.9.2.   Indebtedness.......................................38
         5.10.    Contracts and Other Instruments.............................38
                  5.10.1.  Contracts..........................................38
         5.11.    Environmental Matters.......................................39
                  5.11.1.  Hazardous Materials................................39
                  5.11.2.  Environmental Requirements.........................39
                  5.11.3.  Notice of Violations...............................39
                  5.11.4.  Potentially Responsible Party......................40
                  5.11.5.  Environmental Reports..............................40
                  5.11.6.  Definitions........................................40
         5.12.    Agreement Not in Breach of Other Instruments................40
         5.13.    Regulatory Approvals........................................41
         5.14.    Inventories.................................................41
         5.15.    Disclosure..................................................41
         5.16.    Brokerage...................................................41
         5.17.    Customers...................................................41
         5.18.    Product Liability...........................................42

                                     (iii)
<PAGE>

         5.19.    Solvency....................................................42
         5.20.    Sufficiency of Assets.......................................42
         5.21.    Hart-Scott-Rodino...........................................42

6.       Employees............................................................42
         6.1.     Obligation to Employ........................................42
         6.2.     Offers to Employ............................................43

7.       Sellers' Closing Deliveries..........................................43
         7.1.     Permits, Approvals and Authorizations.......................43
         7.2.     No Challenge or Violation of Orders.........................43
         7.3.     Certain Documents...........................................43
         7.4.     [Reserved]..................................................45
         7.5.     Evidence of Title...........................................45
         7.6.     FIRPTA Affidavit............................................45

8.       Buyers' Closing Deliveries...........................................45
         8.1.     Permits, Approvals and Authorizations.......................45
         8.2.     No Challenge or Violation of Orders.........................45
         8.3.     Certain Documents...........................................45
         8.4.     [Reserved]..................................................46
         8.5.     [Reserved]..................................................46
         8.6.     Evidence of Title...........................................46
         8.7.     FIRPTA Affidavit............................................46

9.       Actions After the Closing Date.......................................46
         9.1.     Cooperation.................................................46
         9.2.     Further Assurances..........................................47
         9.3.     Non-interference............................................48
         9.4.     Seller's Covenants..........................................48
         9.5.     Legal Opinions..............................................48
         9.6.     BVD Option..................................................48
         9.7.     Lehi Put Right..............................................48

10.      Indemnification......................................................49
         10.1.1.  Indemnification of the Buyers...............................49
         10.1.2.  Indemnification of the Sellers..............................51
         10.2.    Survival....................................................52
                  10.2.1.  General Claims.....................................52
                  10.2.2.  Environmental Claims...............................52
                  10.2.3.  Claims Barred Only by the Applicable
                            Statute of Limitations............................53
                  10.2.4.  Maximum Amount.....................................53
         10.3.    Defense by the Indemnifying Party...........................54
         10.4.    Notice......................................................55
         10.5.    Waiver......................................................55

                                      (iv)
<PAGE>

                                                                            Page
                                                                            ----

11.      Miscellaneous Provisions............................................55
         11.1.    Jurisdiction; Agent for Service............................55
         11.2.    Construction...............................................56
         11.3.    Notices....................................................56
         11.4.    Payment of Expenses........................................57
         11.5.    Assignment.................................................57
         11.6.    Amendments and Waiver......................................58
         11.7.    Survival...................................................58
         11.8.    Counterparts...............................................58
         11.9.    Headings...................................................58
         11.10.   Attorneys' Fees............................................58
         11.11.   Binding Nature of Agreement................................58
         11.12.   Severability...............................................58
         11.13.   Specific Performance.......................................58
         11.14.   Complete Agreement.........................................59
         11.15.   Knowledge of the Sellers and the Buyers....................59

12.      Drafting Presumption................................................59

                                      (v)
<PAGE>

                                                                            Page
                                                                            ----

List of Exhibits
----------------

1.4(a)                Contract Assignment
1.4(b)                Lease Assignment
1.4(c)                Staker Lease Assignment
1.4(h)                Deeds
1.4(i)                Valley Lease
1.4(j)                Keigley Quarry Co-Occupancy Agreement
1.4(k)                Purchase Contract
1.4(l)                Subleases
1.4(m)                Buyer Contract Assignment
1.4(n)                Co-Occupancy Agreement
1.4(o)                Site 30 License
7.3(p)                Power of Attorney

List of Schedules
-----------------

Schedule A
Schedule B

Schedule 1.1
Schedule 1.1(a)
Schedule 1.1(d)
Schedule 1.1(e)(i)
Schedule 1.1(e)(ii)
Schedule 1.1(l)
Schedule 1.1A
Schedule 1.1A(a)
Schedule 1.1A(d)
Schedule 1.1A(e)
Schedule 1.1A(k)
Schedule 1.2
Schedule 1.2A
Schedule 1.4(b)(i)
Schedule 1.4(b)(ii)
Schedule 1.4(c)
Schedule 1.4(d)
Schedule 1.4.(e)
Schedule 1.4 (f)
Schedule 1.4(g)
Schedule 1.4(h)
Schedule 1.4(i)
Schedule 1.4(j)
Schedule 1.4(l)
Schedule 1.4(n)

                                      (vi)
<PAGE>
                                                                            Page
                                                                            ----
Schedule 2.1
Schedule 2.1A

Schedule 3

Schedule 4.3.1
Schedule 4.3.2
Schedule 4.3.3
Schedule 4.5.1
Schedule 4.5.3
Schedule 4.6(a)
Schedule 4.6(bB)
Schedule 4.6.1(a)
Schedule 4.6.1(c)
Schedule 4.6.1(c)(b)
Schedule 4.6.1(d)
Schedule 4.6.1(g)
Schedule 4.6.1(h)
Schedule 4.6.1(j)
Schedule 4.6.1(k)
Schedule 4.6.1.1
Schedule 4.6.1.4
Schedule 4.6.1.5
Schedule 4.6.1.6
Schedule 4.6.1.7
Schedule 4.6.2(a)
Schedule 4.6.2(b)
Schedule 4.8.2
Schedule 4.8.2(b)
Schedule 4.8.2(c)
Schedule 4.8.6
Schedule 4.8.7
Schedule 4.8.7(b)
Schedule 4.9.1
Schedule 4.10.1
Schedule 4.11.1
Schedule 4.11.2
Schedule 4.11.3
Schedule 4.11.4
Schedule 4.13
Schedule 4.14
Schedule 4.17
Schedule 4.18
Schedule 4.20

Schedule 5.3.1

                                     (vii)
<PAGE>

Schedule 5.3.2
Schedule 5.3.3
Schedule 5.5.1
Schedule 5.5.3
Schedule 5.6(A)
Schedule 5.6(B)
Schedule 5.6.1(a)
Schedule 5.6.1(c)
Schedule 5.6.1(c)(B)
Schedule 5.6.1(d)
Schedule 5.6.1(g)
Schedule 5.6.1(h)
Schedule 5.6.1.(j)
Schedule 5.6.1(k)
Schedule 5.6.1.1
Schedule 5.6.1.5
Schedule 5.6.1.6
Schedule 5.6.1.7
Schedule 5.6.2(a)
Schedule 5.6.2(b)
Schedule 5.8.2
Schedule 5.8.2(b)
Schedule 5.8.2(c)
Schedule 5.8.7
Schedule 5.8.7(b)
Schedule 5.9.1
Schedule 5.10.1
Schedule 5.11.1
Schedule 5.11.2
Schedule 5.11.3
Schedule 5.11.4
Schedule 5.13
Schedule 5.14
Schedule 5.17
Schedule 5.18
Schedule 5.20

Schedule 6.2

Schedule 7.3
Schedule 9.4(a)

                                     (viii)
<PAGE>

                                INDEX

                                                                         Page(s)
                                                                         -------

Acquired Assets  Section 1.1...................................................2
Acquired Staker Assets  Section 1.1A...........................................3
Agreement  Preamble............................................................1
Assumed Buyer Liabilities  Section 2.1A.......................................10
Assumed Liabilities  Section 2.1..............................................10
Assumption Agreements  Section 1.4(d)..........................................8
Bill of Sale  Section 1.4(f)...................................................8
Buyer Bills of Sale  Section 1.4(g)............................................8
Buyer Contract Assignment  Section 1.4(n)......................................9
Buyer Contracts  Section 1.1A(e)...............................................3
Buyer Employee Benefit Plan  Section 5.8.1....................................36
Buyer Employee List  Section 4.9.1............................................38
Buyer Encumbrances  Section 5.6...............................................31
Buyer Environmental Damages  Section 5.11.6(i)................................40
Buyer Excluded Assets  Section 1.2A............................................4
Buyer Excluded Operations Assets  Recitals.....................................1
Buyer Inventories  Section 1.1A(d).............................................3
Buyer Permits  Section 1.1A(f).................................................3
Buyers  Preamble...............................................................1
Buyers Excluded Operations  Recitals...........................................1
Closing  Section 1.5...........................................................9
Closing Date  Section 1.5......................................................9
Code  Section 4.4.2...........................................................14
Contract Assignment  Section 1.4(a)............................................8
Contracts  Section 1.1(e)......................................................2
Deeds  Section 1.4(h)..........................................................9
Eagle  Preamble................................................................1
Employee Benefit Plan  Section 4.8.1..........................................20
Employee List  Section 4.9.1..................................................23
Encumbrances  Section 4.6.....................................................15
Environmental Claims  Section 10.2.2..........................................52
Environmental Damages  Section 4.11.6(i)......................................25
Environmental Requirements  Section 4.11.6(ii)................................25
ERISA  Section 4.8.1..........................................................20
ERISA Affiliate  Section 4.8.1................................................20
ERISA Plan  Section 4.8.1.....................................................20
Excluded Assets  Section 1.2...................................................4
Excluded Buyer Liabilities  Section 2.2A......................................10
Excluded Operations  Recitals..................................................1
Excluded Operations Assets  Recitals...........................................1
Executive Officers  Section 11.15(a)..........................................59
Financial Statements  Section 4.3.1(a)........................................12
Former Real Property  Section 4.11.6(iii).....................................25
Fraud Claim  Section 10.2.3...................................................53

                                      (ix)

<PAGE>

Geodyne  Preamble..............................................................1
Governmental Authority  Section 4.11.6(iv)....................................26
Hazardous Materials  Section 4.11.6(v)........................................26
hazardous substance  Section 4.11.6(v)........................................26
hazardous waste  Section 4.11.6(v)............................................26
Independent Accountants  Section 1.3(c)........................................8
Intellectual Property  Section 1.1(k)..........................................3
Inventories  Section 1.1(d)....................................................2
Keigley Quarry Lease  Section 1.4(j)...........................................9
Lease Assignment  Section 1.4(b)...............................................8
Leased Property  Section 4.6.1(a).............................................16
Limited Indemnity Claim  Section 10.2.4.......................................53
Monroc  Preamble...............................................................1
Multiemployer Plan  Section 4.8.1.............................................20
non-conforming use  Section 5.5.3.............................................31
Notice of Claim  Section 1.3(c)................................................7
Operations  Recitals...........................................................1
Owned Property  Section 4.6.1(a)..............................................16
Parson  Preamble...............................................................1
Pension Plan  Section 4.8.1...................................................21
Permits  Section 1.1(f)........................................................2
Personal Property  Section 1.1(a)..............................................2
pollutant  Section 4.11.6(v)..................................................26
potentially responsible party  Section 5.11.4.................................40
Proper Authority Claim  Section 10.2.3........................................53
Property Leases  Section 4.6.1.4..............................................19
Purchase Price  Section 1.3....................................................5
Real Property  Section 4.6.1(a)...............................................16
Related Agreements  Section 1.4................................................9
Retained Lease  Section 1.4(o).................................................9
Seller Assumption Agreements  Section 1.4(e)...................................8
Sellers  Preamble..............................................................1
Staker  Preamble...............................................................1
Staker Former Real Property  Section 5.11.6(iii)..............................40
Staker Lease Assignment  Section 1.4(c)........................................8
Staker Leased Property  Section 5.6.1(a)......................................32
Staker Operations  Recitals....................................................1
Staker Owned Property  Section 5.6.1(a).......................................32
Staker Personal Property  Section 1.1A(a)......................................3
Staker Property Leases  Section 5.6.1.4.......................................35
Staker Real Property  Section 5.6.1(a)........................................32
Staker Title Documents  Section 5.6.1.4.......................................35
Subleases  Section 1.4(l)......................................................9
Tax Claim  Section 10.2.3.....................................................53
tax return  Section 4.4.4.....................................................14

                                      (x)

<PAGE>
                                                                         Page(s)
                                                                         -------
taxes  Section 4.4.4..........................................................14
Threshold Amount  Section 10.2.4..............................................53
Title Documents  Section 4.6.1.4..............................................19
Valley  Preamble...............................................................1
Welfare Plan  Section 4.8.1...................................................21

                                      (xi)
<PAGE>

                    AGREEMENT OF PURCHASE AND SALE OF ASSETS

         This AGREEMENT (this  "Agreement") is made this 30th day of March, 2001
by and among STAKER PAVING AND CONSTRUCTION INC. ("Staker"), a Utah corporation,
and JACK B. PARSON  COMPANIES,  a Utah  corporation  ("Parson," and collectively
with  Staker,  the  "Buyers"),  on  the  one  hand,  and  VALLEY  ASPHALT,  INC.
("Valley"), a Utah corporation,  GEODYNE BECK ROCK PRODUCTS, INC. ("Geodyne"), a
Utah corporation,  EAGLE VALLEY MATERIALS,  INC. ("Eagle"),  a Utah corporation,
MONROC,  INC.  ("Monroc"),  a Delaware  corporation,  WESTERN  AGGREGATES,  INC.
("Western"),  a Utah corporation  (Valley,  Geodyne,  Eagle, Monroc and Western,
collectively,  the  "Sellers"),  U.S.  AGGREGATES,  INC.  ("USAI"),  a  Delaware
corporation,  only  with  respect  to  SECTIONS  9, 10,  and 11,  and  OLDCASTLE
MATERIALS,  INC.,  a Delaware  corporation  ("Oldcastle"),  only with respect to
SECTIONS 9, 10, and 11.

                                    RECITALS

         A. The Sellers operate certain businesses as described on SCHEDULE A at
the locations described on SCHEDULE A (collectively,  the "Operations"), and the
Sellers own or lease or have rights to use the assets used in,  necessary for or
related to the  Operations as currently  conducted by Sellers.  The Sellers also
operate other businesses (collectively, the "Excluded Operations").

         B. The Sellers desire to discontinue  the  Operations,  and pursuant to
such  end,  desire  to sell or  lease  the  assets  used in and  related  to the
Operations  and to assign  certain  leases and other rights and  obligations  in
connection  with the  Operations,  and the Buyers desire to purchase such assets
and assume such leases,  rights and obligations.  The Sellers desire to continue
the  Excluded  Operations,  and the assets used in the  conduct of the  Excluded
Operations,  except those  specifically  being sold or leased in connection with
this Agreement, will not be purchased by the Buyers (collectively, the "Excluded
Operations Assets").

         C. Staker operates certain businesses as described on SCHEDULE B at the
locations  listed on  SCHEDULE B  (collectively,  the "Staker  Operations")  and
Staker owns or leases the assets used in, necessary for or related to the Staker
Operations  as  currently  conducted  by Staker.  Staker and Parson also operate
other businesses (herein collectively, the "Buyer Excluded Operations").

         D. Staker desires to discontinue the Staker Operations, and pursuant to
such end,  desires to sell or lease the assets used in and related to the Staker
Operations  and to assign  certain  leases and other rights and  obligations  in
connection with the Staker  Operations,  and the Sellers desire to purchase such
assets and assume such  leases,  rights and  obligations.  The Buyers  desire to
continue all the Buyer Excluded  Operations,  and the assets used in the conduct
of the  Buyer  Excluded  Operations,  except  those  being  sold  or  leased  in
connection  with  this   Agreement,   will  not  be  purchased  by  the  Sellers
(collectively, the "Buyer Excluded Operations Assets").

                                    AGREEMENT

         In consideration of the foregoing and the mutual covenants contained in
this Agreement and for other valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Buyers and the Sellers agree as follows:

<PAGE>

         1.       PURCHASE AND SALE OF ASSETS.

                  1.1.  ACQUIRED  ASSETS.  On the  Closing  Date (as  defined in
SECTION 1.5 below),  the Sellers  agree to sell and deliver to the Buyers,  free
and clear of all encumbrances except for the encumbrances, liens and charges set
forth on SCHEDULE 1.1 (the "Permitted  Encumbrances"),  against payment therefor
as provided in SECTION 1.3, all of the assets and properties of every kind which
are primarily used in the Operations (except for the Excluded  Operations Assets
and those Excluded Assets listed in SECTION 1.2),  including without  limitation
the  following  assets  (all such  assets  and  properties  of the  Sellers  are
collectively referred to hereinafter as the "Acquired Assets"):

                    (a) all fixtures,  vehicles,  machinery,  equipment, rolling
               stock, tools,  furniture,  pallets,  phones,  office supplies and
               other items of personal  property  included on SCHEDULE 1.1(a) or
               used  primarily  in the  Operations  as of the  Closing  Date (as
               defined   in  SECTION   4.6.1)   (collectively,   the   "Personal
               Property");

                    (b) all Owned Property (as defined in SECTION 4.6.1);

                    (c) all right,  title and  interest  in and to all  Property
               Leases (as defined in SECTION 4.6.1);

                    (d)  all  inventories,  including  materials,  spare  parts,
               equipment,  supplies and other  similar  items listed on SCHEDULE
               1.1(d) or used primarily in the Operations as of the Closing Date
               (collectively, the "Inventories");

                    (e) all  contracts  of the  Operations  (including  purchase
               orders  and  supply  agreements)  that  are  listed  on  SCHEDULE
               1.1(e)(i) and (ii) and, in the Buyers' discretion,  any contracts
               of the Operations not listed on SCHEDULE  1.1(e)(i) and (ii) that
               Buyers  determine to assume within a reasonable time after Buyers
               become aware of such contract (the "Contracts");

                    (f) the federal, state, local and foreign licenses, permits,
               certificates of occupancy or use and other governmental approvals
               or authorizations used in or related to the Operations and listed
               on SCHEDULE  4.5.3  (collectively,  "Permits") to the extent such
               Permits may be transferred;

                    (g) [Reserved];

                    (h) all rights and claims  against  third parties in respect
               of the  Acquired  Assets  under  express  or  implied  warranties
               relating to the Acquired Assets from suppliers to the Sellers and
               all claims and rights of offset under the Property  Leases (other
               than with  respect to the lease of Site 30 (Bacchus Pit No. 2) as
               listed on SCHEDULE  A),  except to the extent they are  primarily
               related to the Excluded Assets;

                    (i) all batch  computers  for the ready mix plants which are
               included in the Acquired Assets;

                                      -2-
<PAGE>

                    (j) all rights of the  Sellers to the names  "Eagle  Valley"
               and "Geodyne," each whether used alone or in combination with any
               other words or symbols, and any related logos, trademarks,  trade
               names,  service  marks,  copyrights  and  copyright  applications
               relating thereto (the "Intellectual Property");

                    (k) all other assets and properties owned by the Sellers and
               primarily  used in the  Operations as of the Closing Date whether
               tangible  or  intangible,  real or  personal  and  whether or not
               located on the Real Property; and

                    (l) all those assets  specifically listed in SCHEDULE 1.1(l)
               hereto.

     1.1A.  ACQUIRED  STAKER ASSETS.  On the Closing Date (as defined in SECTION
1.5 below),  Staker agrees to sell and deliver to the Sellers, free and clear of
all encumbrances except for the encumbrances, liens and other items set forth on
SCHEDULE 1.1A (the "Buyer Permitted Encumbrances"),  against payment therefor as
provided in SECTION  1.3, all of the assets and  properties  of every kind which
are  primarily  used in the Staker  Operations  (except  for the Buyer  Excluded
Operations  Assets and those  Buyer  Excluded  Assets  listed in  SECTION  1.2A)
including  without   limitation  the  following  assets  (all  such  assets  and
properties of Staker are  collectively  referred to hereinafter as the "Acquired
Staker Assets"):

                    (a) all fixtures,  vehicles,  machinery,  equipment, rolling
               stock, tools,  furniture,  pallets,  phones,  office supplies and
               other items of personal  property included on SCHEDULE 1.1A(a) or
               used  primarily in the Staker  Operations  (as defined in SECTION
               5.6.1) (collectively, the "Staker Personal Property");

                    (b) [Reserved]

                    (c) all  right,  title  and  interest  in and to all  Staker
               Property Leases (as defined in SECTION 5.6.1);

                    (d)  all  inventories,  including  materials,  spare  parts,
               equipment,  supplies and other  similar  items listed on SCHEDULE
               1.1A(d)  or used  primarily  in the Staker  Operations  as of the
               Closing Date (collectively the "Buyer Inventories");

                    (e)  all  contracts  of  the  Staker  Operations  (including
               purchase  orders  and  supply  agreements)  that  are  listed  on
               SCHEDULE 1.1A(e) and, in the Sellers'  discretion,  any contracts
               of the Staker  Operations not listed on SCHEDULE 1.1A(e) that the
               Sellers  determine to assume  within a reasonable  time after the
               Sellers become aware of such contract (the "Buyer Contracts");

                    (f) the federal, state, local and foreign licenses,  permits
               including without  limitation air, water,  mining and conditional
               use  permits,   certificates   of  occupancy  or  use  and  other
               governmental  approvals or  authorizations  used in or related to
               the Staker Operations and listed on SCHEDULE 5.5.3 (collectively,
               "Buyer  Permits")  to  the  extent  such  Buyer  Permits  may  be
               transferred;

                    (g) [Reserved];

                                      -3-

<PAGE>

                    (h) all rights and claims against third parties  relating to
               the Acquired  Staker Assets under  express or implied  warranties
               from  suppliers to Staker,  all claims and rights of offset under
               the  Staker  Property  Leases,  except  to the  extent  primarily
               related to the Buyer Excluded Assets;

                    (i) [Reserved];

                    (j) all other assets and properties owned by Staker and used
               primarily  in  the  Staker  Operations  as of  the  Closing  Date
               (excluding the Buyer Excluded Operations Assets) whether tangible
               or intangible, real or personal and whether or not located on the
               Staker Real Property; and

                    (k) all those assets specifically listed in SCHEDULE 1.1A(k)
               hereto.

     1.2.  EXCLUDED ASSETS.  Notwithstanding  anything  contained in SECTION 1.1
hereof to the  contrary,  the  Sellers are not  selling,  and the Buyers are not
purchasing, any of the following assets owned by the Sellers, all of which shall
be retained by the Sellers (collectively, the "Excluded Assets"):

                    (a) The Sellers'  originals of books and records relating to
               the  Acquired   Assets  and  the  Sellers'   purchase  and  sales
               activities  relating to the  Operations  and the Acquired  Assets
               prior to the  Closing  Date,  returns  of  taxes,  including  all
               supporting  schedules,   attachments,  work  papers  and  similar
               documents,  for taxes  accruing  on or before the  Closing  Date;
               provided  that  the  Sellers  shall  provide  copies  of all  the
               aforementioned  documents  to the  Buyers at the  request  of the
               Buyers;  provided  further,  however,  that Sellers  shall not be
               required to deliver any pricing  information  or any  information
               related to the Excluded Assets.

                    (b) Any cash,  cash  equivalents,  short  term  investments,
               accounts, accounts receivable, and notes receivable,  petty cash,
               deposit  accounts,  checks  received  by the  Sellers  upon which
               collection has not been made, and long and short term  securities
               owned by the Sellers as of the Closing Date;

                    (c) the rights  which  accrue or will  accrue to the Sellers
               under this Agreement; and

                    (d) each of the assets listed on SCHEDULE 1.2 hereto.

     1.2A. BUYER EXCLUDED ASSETS.  Notwithstanding anything contained in SECTION
1.1A hereof to the contrary, the Buyers are not selling, and the Sellers are not
purchasing,  any of the following assets owned by the Buyers, all of which shall
be retained by the Buyers (collectively, the "Buyer Excluded Assets"):

                    (a) The Buyers'  originals of books and records  relating to
               the  Acquired  Staker  Assets and the Buyers'  purchase and sales
               activities  relating to the Staker  Operations  and the  Acquired
               Staker  Assets  prior to the  Closing  Date,  returns  of  taxes,
               including all supporting schedules,  attachments, work papers and
               similar  documents,  for taxes  accruing on or before the Closing
               Date;  provided that the Buyers shall  provide

                                       -4-
<PAGE>

               copies of all the aforementioned  documents to the Sellers at the
               request of the Sellers;  provided further,  however,  that Buyers
               shall not be required to deliver any pricing  information  or any
               information related to Buyer Excluded Assets.

                    (b) Any cash,  cash  equivalents,  short  term  investments,
               accounts, accounts receivable, and notes receivable,  petty cash,
               deposit  accounts,  checks  received  by the  Buyers  upon  which
               collection has not been made, and long and short term  securities
               owned by the Buyers as of the Closing Date;

                    (c) the  rights  which  accrue or will  accrue to the Buyers
               under this Agreement;

                    (d) each of the assets listed on SCHEDULE 1.2A hereto; and

                    (e) any and all assets of Parson.

           1.3.     PURCHASE PRICE.

                    (a)  As  consideration  for  the  Acquired  Assets  and  for
         entering  into the  contracts  and leases set forth in SECTION 1.4, the
         Buyers  shall pay and  deliver  to the  Sellers  the sum of $ * in cash
         (the  "Purchase  Price")  and  deliver to the  Sellers  at the  Closing
         the Acquired  Staker  Assets.  The  Purchase  Price shall be payable by
         (i) the delivery to the Sellers in immediately  available funds by wire
         transfer  on April 2,  2001 of the  amount  of $ * (the  "Closing  Date
         Payment")  and  (ii)  delivery  of the  amount  of $ *  (the  "Deferred
         Payment")  pursuant to the terms of SECTION  1.3(b).  The Buyers  shall
         also assume those certain leases and other contracts and liabilities of
         the Sellers as set forth in SECTION 2.1. The Sellers shall assume those
         certain leases and other contracts and liabilities  relating thereto of
         the Buyers as set forth in SECTION 2.1A.

                    (b) The Buyers shall, subject to any assignment of the right
         to receive such payment to Bank of America,  N.A.,  as Agent and Lender
         under that certain Third Amended and Restated Credit  Agreement,  dated
         as of June 5, 1998,  between USAI and the Lenders thereunder pay to the
         Sellers the Deferred Payment promptly upon the occurrence,  on or prior
         to the second  anniversary  of the Closing Date (subject to a six-month
         extension as provided in the last sentence of this SECTION 1.3(b)),  of
         the  following  with  respect  to Site 25C (as  listed  on  SCHEDULE  A
         hereto):

                         (i) The  Sellers  shall  have  caused  such  site to be
                    rezoned,  or will  have  acquired  a  zoning  variance  with
                    respect   thereto,   or  will  have  obtained  a  final  and
                    non-appealable   declaratory   judgment  or  other  evidence
                    satisfactory  to the Buyers  that Site 25C is  grandfathered
                    under a prior regulatory  regime,  in any such case allowing
                    the  Buyers to  extract an  unlimited  amount of  aggregates
                    annually  from such site;  provided  that, in the event such
                    rights terminate in less

-----------------
* Omissions denoted by the asterisk are confidential  materials separately filed
with  the  Securities  and  Exchange  Commission  under a  pending  Confidential
Treatment  Request.

                                      -5-
<PAGE>

                  than  fifteen  years  without  regard  to any  renewal  rights
                  ("Short Term Rights"), the Deferred Payment shall be pro-rated
                  based  on the  actual  term of such  Short  Term  Rights  as a
                  percentage of fifteen years;  and provided further that in the
                  event such Short Term  Rights are  subsequently  extended,  an
                  additional  pro-rated  amount of the Deferred Payment shall be
                  paid to the Seller at the time of each such extension based on
                  the term of such  extension as a percentage of fifteen  years.
                  In  no  event shall the sum of all  Deferred  Payments  exceed
                  $ * ; and

                                    (ii) The Buyers shall have  procured,  using
                  commercially  reasonable efforts,  all land, use and operating
                  permits  necessary  to allow the Buyers to extract  aggregates
                  from such  site;  provided  that the term of all such  permits
                  shall be at least  fifteen years or such lesser period that is
                  at least as long as the term of any Short Term Rights; and

                                    (iii)   in each case on commercially reason-
                  able terms.

In the event that on or prior to the second anniversary of the Closing Date, (x)
the Sellers shall have  successfully  obtained a declaratory  judgment that Site
25C is grandfathered under the prior regulatory regime referred to in clause (i)
above  but  such   declaratory   judgment   shall  not  have  become  final  and
non-appealable  and (y) such  declaratory  judgment  shall have become final and
non-appealable  within six months  after the second  anniversary  of the Closing
Date and the condition set forth in clause (ii) above shall have been satisfied,
then the  Sellers  shall be  entitled  to the  Deferred  Payment  in the  manner
otherwise provided for in this SECTION 1.3(b).

                  (c) The Buyers shall cooperate fully and assist the Sellers in
a timely manner in all  reasonable  respects,  but at the Sellers'  expense,  in
connection with the Sellers' efforts to obtain the re-zoning, zoning variance or
non-appealable  declaratory  judgment  described  in  SECTION  1.3(b)  (and  any
necessary permits or approvals), including but not limited to:

                         (i) executing any and all forms, documents, application
                    agreements  and  pleadings  deemed  reasonably  necessary or
                    desirable by the Sellers,

                         (ii) filing, or permitting  Sellers to file, in Buyers'
                    name  any  and  all  such  forms,  documents,  applications,
                    agreements and pleadings,

                         (iii) participating, to the extent reasonably requested
                    by Sellers,  in the  preparation  of any and all such forms,
                    documents, applications and pleading and in all hearings and
                    meetings  and  in  any  discovery  proceedings,   trials  or
                    appeals, and

                         (iv) permitting Sellers to do such exploratory drilling
                    and  testing  on  such  site  and  to  perform   such  other
                    activities  on  such  site  as  Sellers  shall  deem  to  be
                    reasonably necessary or desirable.

-----------------
* Omissions denoted by the asterisk are confidential  materials separately filed
with  the  Securities  and  Exchange  Commission  under a  pending  Confidential
Treatment  Request.

                                      -6-
<PAGE>

The Buyers  further  agree that the Sellers  shall have the right to control the
content  and form of all such forms,  documents,  applications,  agreements  and
pleadings  and  the  conduct  of  all  discovery,  trials,  hearings  and  other
proceedings;  provided, however, that any action taken in the name of the Buyers
shall be subject to the Buyers' prior approval,  which shall not be unreasonably
withheld,  conditioned  or delayed.  Notwithstanding  anything  in this  SECTION
1.3(c) to the  contrary,  the Sellers shall not be permitted to take any action,
and the Buyers  shall not be  required  to take any  action,  that would have an
adverse effect on the Buyers' business or operations or an adverse effect on the
Buyers'  rights to engage in quarrying  activities on Site 25B.  Buyers agree to
act promptly and in good faith with  respect to their  obligations  to cooperate
with and assist Sellers with respect to the foregoing  giving due  consideration
to the twenty-four month period in which the Sellers must meet the contingencies
set forth in this SECTION 1.3.

                    (d)    The Purchase Price shall be increased or decreased as
                  follows:

                           (i) Not later  than 60 days after the  Closing  Date,
         any of the Buyers or the Sellers may make a written  claim  against the
         other with respect to an adjustment of the Purchase Price in connection
         with the implied value of the leases assumed by the Buyers  pursuant to
         SECTION  2.1 as  follows:  In the event  that any of the  Buyers or the
         Sellers  believes in good faith that for any operating  lease set forth
         on  SCHEDULE  2.1 the amount  set forth  next to such  lease  under the
         column "Agreed Lease Assumption Amount" is incorrect due a mathematical
         error or a mistake of fact in any  numerical  input  used to  calculate
         such  number,  then to the extent the  aggregate  of all "Agreed  Lease
         Assumption Amounts" on SCHEDULE 2.1 is greater or less than $11,435,521
         (the "Target Amount"), the Buyers or the Sellers,  respectively,  shall
         be entitled to a cash  payment  equal to the  difference  between  such
         aggregate  amount and the Target Amount.  The parties hereto agree that
         the correct  discount rate for all such  calculations  is seven percent
         per annum,  regardless of any interest rate that may be implicit in any
         such lease.

                           (ii) The  calculation  of the  Purchase  Price  shall
         become  final and  binding  upon the parties on the 60th  calendar  day
         following  the Closing  Date  unless the Sellers or the Buyers  deliver
         written  notice of their  claim  ("Notice of Claim") to the other party
         prior to such date.  Any Notice of Claim shall specify the amounts used
         to calculate  the Purchase  Price with which the Sellers or the Buyers,
         as the case may be,  disagree.  If the  Sellers  or the  Buyers  send a
         Notice of Claim, then the Purchase Price (as recalculated in accordance
         with clause (x) or (y) below)  shall  become final and binding upon the
         parties on the  earlier of (x) the date the parties  hereto  resolve in
         writing any differences  they have with respect to any matter specified
         in the Notice of Claim or (y) the date any disputed amounts are finally
         determined in accordance with the balance of this paragraph. During the
         30-day period  following the delivery of a Notice of Claim, the Sellers
         and the Buyers  shall  seek in good  faith to  resolve  in writing  any
         differences which they may have with respect to any amount specified in
         the Notice of Claim or identified  by the Buyers or the Sellers  during
         said 30-day period.  If, at the end of such 30-day period,  the Sellers
         and the Buyers have not reached agreement on such amounts,  the amounts
         which remain in dispute shall be  recalculated  by an  accounting  firm
         mutually  agreed upon by the  Sellers and the Buyers (the  "Independent
         Accountants").   The  Independent  Accountants  shall  make  a  ratable
         allocation  of  their  charges  for  such  work  as  a  part  of  their
         determination,

                                      -7-
<PAGE>

         based  on the  proportion by which the amount in dispute was determined
         in  favor of one party or the other. Any amounts so recalculated  shall
         be  final and binding on the parties.

     1.4.  RELATED  AGREEMENTS.  On or prior to the Closing Date the  respective
parties referred to below will take the following actions:

                    (a) Each of the  Sellers  and  Parson  shall  enter  into an
         Assignment and Assumption Agreement  substantially in the form attached
         hereto as Exhibit  1.4(a) (a "Contract  Assignment")  providing for the
         transfer of the  Contracts  listed on SCHEDULE  1.1(e)(i).  Each of the
         Sellers and Staker shall enter into a Contract Assignment providing for
         the transfer of the Contracts listed on SCHEDULE 1.1(e)(ii).

                    (b) Each of the relevant  Sellers and Parson will enter into
         an agreement or agreements for the  assignment by the relevant  Sellers
         to Parson of all of such Sellers'  right,  title and interest in and to
         the Property Leases (as defined in SECTION  4.6.1.4) listed on SCHEDULE
         1.4(b)(i),  substantially in the form attached hereto as EXHIBIT 1.4(b)
         (a "Lease  Assignment").  Each of the relevant  Sellers and Staker will
         enter into a Lease  Assignment(s) with respect to the property lease(s)
         listed on SCHEDULE 1.4(b)(ii).

                    (c) Staker and the Seller  will enter into an  agreement  or
         agreements  for the  assignment  by Staker to the  Seller of all of the
         Staker's right,  title and interest in and to the Property Lease listed
         on  SCHEDULE  1.4(c),  substantially  in the form  attached  hereto  as
         EXHIBIT 1.4(c) ("Staker Lease Assignment").

                    (d)  The  Sellers  and  the  Buyers  will  enter  into  such
         agreements and other instruments (the "Assumption Agreements"),  listed
         on SCHEDULE 1.4(d) hereto, as may be reasonably required for the Buyers
         to assume the Assumed Liabilities (as defined in SECTION 2.1 below).

                    (e) The Sellers  and Buyers will enter into such  agreements
         and other instruments (the "Seller Assumption  Agreements"),  listed on
         SCHEDULE 1.4(e) hereto,  as may be reasonably  required for the Sellers
         to assume the Assumed  Staker  Liabilities  (as defined in SECTION 2.1A
         below).

                    (f) The Sellers  shall execute and deliver the bills of sale
         and assignment (the "Bills of Sale"), listed on SCHEDULE 1.4(f) hereto,
         from such Sellers to the relevant Buyers covering the items of personal
         property included in the Acquired Assets.

                    (g) Staker  shall  execute and deliver the bills of sale and
         assignment  (the  "Buyer  Bills of Sale"),  listed on  SCHEDULE  1.4(g)
         hereto,  from  Staker to the  relevant  Sellers  covering  the items of
         personal property included in the Acquired Staker Assets.

                    (h) The relevant  Sellers  shall  execute and deliver to the
         relevant  Buyers special  warranty deeds to transfer the Owned Property
         included in the  Acquired  Assets and listed on SCHEDULE  1.4(h) to the
         relevant  Buyers (the "Deeds") in the form  attached  hereto as EXHIBIT
         1.4(h),  together with such other usual and customary  documents as the
         Buyers may request with respect to the transfer of the Owned Property.

                                      -8-
<PAGE>

                    (i)  Staker,  as  lessee,  shall  execute  leases  with  the
         relevant  Sellers  as lessor  with  respect to the  property  listed on
         SCHEDULE  1.4(i)  substantially  in the form attached hereto as EXHIBIT
         1.4(i).

                    (j)  The  relevant  Seller,  as  lessee,   shall  execute  a
         Co-Occupancy  Agreement with Staker with respect to the property listed
         on SCHEDULE 1.4(j) substantially in the form attached hereto as EXHIBIT
         1.4(j) (the "Keigley Quarry Co-Occupancy Agreement").

                    (k) The relevant  Sellers and the relevant Buyers will enter
         into a purchase  contract,  substantially in the form of Exhibit 1.4(k)
         hereto,  pursuant to which the relevant Buyers shall purchase aggregate
         from the relevant Sellers.

                    (l) The relevant Buyer shall execute a sublease with respect
         to the property listed on SCHEDULE  1.4(l),  substantially  in the form
         attached hereto as EXHIBIT 1.4(l) (the "Subleases").

                    (m) The  relevant  Buyers and relevant  Sellers  shall enter
         into an Assignment and Assumption  Agreement  substantially in the form
         attached  hereto as  EXHIBIT  1.4(m) (a  "Buyer  Contract  Assignment")
         providing  for  the  transfer  of  the  contracts  listed  on  SCHEDULE
         1.1A(e)(ii).

                    (n)  The  relevant   Buyer  shall  execute  a   co-occupancy
         agreement with the relevant  Seller with respect to the property listed
         on  SCHEDULE  1.4(n),  substantially  in the form  attached  hereto  as
         EXHIBIT 1.4(n) (the "Co-Occupancy Agreement").

                    (o) The  relevant  Buyer,  as  licensee,  shall enter into a
         license  with  Seller with  respect to Site 30 (Bacchus  Pit No. 2), as
         listed on  SCHEDULE A,  substantially  in the form  attached  hereto as
         EXHIBIT 1.4(o).

                    (p) The  relevant  Buyers and relevant  Sellers  shall enter
         into or execute and deliver any documents listed on SCHEDULE 1.4(p).

                    The  documents  referred  to in this  SECTION  1.4  shall be
         collectively referred to herein as the "Related Agreements."

                  1.5. CLOSING DATE. The closing (the "Closing") of the purchase
and sale of the  Acquired  Assets  shall be held at 10:00 a.m.  Eastern  time on
March 30, 2001 or on any other date or time as is mutually agreed by the parties
hereto (such date and time being referred to herein as the "Closing  Date"),  at
the  offices of Gibson  Dunn & Crutcher  LLP,  New York,  New York,  10166.  The
Closing shall be effective as of 12:01 a.m., Utah time, on March 31, 2001.

         2.       LIABILITIES OF THE OPERATIONS.

                  2.1.  LIABILITIES ASSUMED BY BUYERS. As further  consideration
for consummation of the  transactions  contemplated  hereby,  each of the Buyers
hereby  assumes as of the Closing Date the leases,  contracts and agreements set
forth on SCHEDULE 2.1 and agrees to perform all obligations  thereunder  arising
after the Closing Date (the "Assumed Liabilities").

                                      -9-
<PAGE>

                  2.1A. LIABILITIES ASSUMED BY SELLERS. As further consideration
for  consummation  of the transfer of the Acquired  Staker  Assets,  each of the
Sellers  hereby  assumes  as of the  Closing  Date  the  leases,  contracts  and
agreements  set forth on  SCHEDULE  2.1A and agrees to perform  all  obligations
thereunder arising after the Closing Date (the "Assumed Buyer Liabilities").

                  2.2. LIABILITIES NOT ASSUMED BY BUYERS. Except for the Assumed
Liabilities,  the Buyers are not assuming any debts,  obligations or liabilities
of the  Sellers  whatsoever,  whether  known or unknown,  actual or  contingent,
matured or unmatured, currently existing or arising in the future, including but
not limited to the liabilities set forth below,  whether such  liabilities  have
been disclosed on the Financial  Statements or not (collectively,  the "Excluded
Liabilities"),  which  shall  remain  the  sole  responsibility  of the  Sellers
(whether or not the Buyers are alleged to have  liability  as a successor to any
of the Sellers):

                    (a) the  fees  and  expenses  of  legal  counsel,  auditors,
         accountants,  environmental  consultants  and  environmental  engineers
         retained or employed by the Sellers for services rendered in connection
         with the preparation,  negotiation, execution, delivery and performance
         of this Agreement and the transactions contemplated hereby;

                    (b) any  liability of the Sellers for taxes (as  hereinafter
         defined)  which arise,  are assessed or become  payable or due as of or
         prior to the  Closing  Date or  arise  out of the  consummation  of the
         transactions  contemplated hereby or become payable by the Sellers as a
         result of  purchases,  sales or transfers as of or prior to the Closing
         Date,  or other taxes of any kind or  description  except  current real
         estate and personal  property taxes with respect to the Acquired Assets
         to the extent such taxes  relate to periods  subsequent  to the Closing
         Date;

                    (c) any liability or obligation to third parties (contingent
         or otherwise) of the Sellers arising out of any claim or litigation;

                    (d) any liability or obligation for  Environmental  Damages;
         or

                    (e) any liabilities of the Sellers relating to periods prior
         to the Closing under any  third-party  leases being  transferred  to or
         assumed by the Buyer.

                  2.2A.  LIABILITIES  NOT  ASSUMED  BY  SELLERS.  Except for the
Assumed Buyer Liabilities,  the Sellers are not assuming any debts,  obligations
or liabilities  of the Buyers  whatsoever,  whether known or unknown,  actual or
contingent,  matured or unmatured,  currently existing or arising in the future,
including but not limited to the liabilities set forth below (collectively,  the
"Excluded  Buyer  Liabilities"),  which shall remain the  responsibility  of the
Buyers  (whether or not the Sellers are alleged to have liability as a successor
to any of the Buyers):

                    (a) the  fees  and  expenses  of  legal  counsel,  auditors,
         accountants,  environmental  consultants  and  environmental  engineers
         retained or employed by the Buyers for services  rendered in connection
         with the preparation,  negotiation, execution, delivery and performance
         of this Agreement and the transactions contemplated hereby;

                                      -10-
<PAGE>

                    (b) any  liability  of the Buyers for taxes (as  hereinafter
         defined)  which arise,  are assessed or become  payable or due as of or
         prior to the  Closing  Date or  arise  out of the  consummation  of the
         transactions  contemplated  hereby or become payable by the Buyers as a
         result of  purchases,  sales or transfers as of or prior to the Closing
         Date,  or other taxes of any kind or  description  except  current real
         estate and personal  property taxes with respect to the Acquired Staker
         Assets to the extent  such taxes  relate to periods  subsequent  to the
         Closing Date;

                    (c) any liability or obligation to third parties (contingent
         or otherwise) of the Buyers arising out of any claim or litigation;

                    (d) any  liability  or  obligation  for Buyer  Environmental
         Damages;

                    (e) any  liabilities of the Buyers relating to periods prior
         to the Closing under any  third-party  leases being  transferred  to or
         assumed by the Sellers;

                    (f) liabilities described in SECTION 6.1; or

                    (g) any  liabilities of the Buyers relating to periods prior
         to the Closing  under that certain  Dolomite  Supply  Agreement,  dated
         October 20, 1999, between Staker and Geneva Steel LLC ("Geneva"), which
         Dolomite  Supply  Agreement  is  to  be  assumed  by  the  Sellers  and
         notwithstanding  any  obligation  of the  Sellers  to  Geneva  for such
         liabilities.

     3. ALLOCATION OF PURCHASE  PRICE.  The parties agree that the amount of the
Purchase  Price  shall be  allocated  among the Sellers in  accordance  with the
schedules  delivered by the Sellers pursuant to SECTION 1.3, and that the amount
of the Purchase Price allocated to each Seller, and the fair market value of the
Acquired Staker Assets delivered to each Seller,  shall be allocated for federal
income tax purposes  among the Acquired  Assets in  accordance  with SCHEDULE 3,
which shall be prepared on a Seller by Seller basis. Subject to the requirements
of applicable  law, such  allocation  (and any  amendments  thereto by reason of
adjustments to the Purchase Price  hereunder)  shall be binding upon the parties
for the purposes of filing any return, report or SCHEDULE regarding taxes.

     4.  REPRESENTATIONS  AND  WARRANTIES  OF THE  SELLERS.  Each of the Sellers
jointly and  severally  represents  and  warrants to the Buyers,  as of the date
hereof and as of the Closing, as follows:

                  4.1.  ORGANIZATION AND  QUALIFICATION.  Each of the Sellers is
duly formed and validly  existing as a corporation  in good  standing  under the
laws of the State of its incorporation and has all corporate power and authority
to own or lease  and  operate  its  properties  and  assets  and to carry on its
business in the manner in which such business is now being conducted.  Monroc is
duly qualified to do business as a foreign  corporation  and is in good standing
in the States of Idaho and Utah.  None of the Sellers other than Monroc conducts
any  business  outside  the State of Utah and is not  required  to  qualify as a
foreign corporation in any state.

                  4.2.  AUTHORITY.  The Sellers have full power and authority to
enter  into this  Agreement  and to  consummate  the  transactions  contemplated
hereby.  This  Agreement  and all

                                      -11-
<PAGE>

other agreements to be executed in connection  herewith by the Sellers have been
duly  executed and  delivered by the Sellers,  have been duly  authorized by all
necessary  corporate action by the Sellers (including,  without limitation,  any
required  authorization  by the  board  of  directors  and  shareholders  of the
Sellers) and  constitute  legal,  valid and binding  obligations  of the Sellers
enforceable in accordance with their respective terms.

     4.3. FINANCIAL CONDITION.

          4.3.1. FINANCIAL STATEMENTS.

                    (a)  Attached  as  SCHEDULE  4.3.1  are  copies  of  certain
               operating statements of the Sellers (collectively, the "Financial
               Statements");

                    (b) The Financial  Statements:  (i) are correct and complete
               in all  material  respects;  (ii)  present  fairly the results of
               operations included in such Financial  Statements for the periods
               included therein; and (iii) do not omit any information necessary
               to make such Financial Statements not misleading.

                    (c) The Sellers keep books, records and accounts relating to
               the Operations that, in reasonable detail,  accurately and fairly
               reflect (A) the  transactions  and  dispositions of assets of the
               Sellers and (B) the  quantity of  inventory.  Neither the Sellers
               nor any employee,  agent or shareholder of the Sellers,  directly
               or  indirectly,  has made any payment of funds of any such entity
               or received or retained any funds in violation of any  applicable
               law, rule or regulation.

     4.3.2.  ABSENCE OF CERTAIN  CHANGES.  Since December 31, 2000,  each of the
Sellers has used reasonable  best efforts to preserve the business  organization
of the  Operations  intact,  to keep available to the Buyers the services of all
current  employees  of  the  Operations  and to  preserve  the  goodwill  of the
suppliers,  customers,  employees and others having business  relations with the
Operations.  Since  December 31,  2000,  each of the Sellers has  conducted  the
Operations in the ordinary  course,  has  maintained  the Acquired  Assets in at
least as good order and  condition  as existed on December  31, 2000 (other than
wear and tear as may be accounted for by reasonable  use) and as is necessary to
continue to conduct the Operations.

          Except as set forth on SCHEDULE  4.3.2,  since December 31, 2000 there
     has not been:

                    (a) any material  transaction by the Sellers relating to the
               Operations not in the ordinary and usual course of business;

                    (b) any material adverse change in the financial  condition,
               assets,  liabilities,  business or prospects  of the  Operations,
               taken as a whole;

                    (c) any damage,  destruction or loss, whether or not covered
               by insurance, affecting the Acquired Assets or the Operations;

                                      -12-
<PAGE>

                    (d) any  material  alteration  in the  manner  in which  the
               Sellers  keep their  books,  accounts or records  relating to the
               Operations, or in the accounting principles and practices therein
               reflected;

                    (e) a  termination,  substantial  modification  or,  to  the
               knowledge of the Sellers,  threatened  termination or substantial
               modification  of  any  Sellers'   relationship  with  a  material
               customer  of the  Operations  (other than jobs  completed  in the
               ordinary  course  of  business)  or  supplier  or  adverse  event
               affecting  any  product or process  used in  connection  with the
               Operations;

                    (f) a lease of,  or  commitment  to  acquire  or lease,  any
               realty or any  substantial  item of machinery or equipment  which
               would constitute an Acquired Asset;

                    (g)  any   mortgage,   pledge  or  lien,   charge  or  other
               encumbrance placed upon any of the Acquired Assets;

                    (h) any sale,  assignment or transfer of any asset, property
               or business  relating to the  Operations or  cancellation  of any
               debt or claim or  waiver of any right  relating  to the  Acquired
               Assets  or the  Operations,  except  in the  ordinary  course  of
               business;

                    (i) any increase in the salary or other compensation payable
               or to become payable to any employee, officer, director of any of
               the  Sellers  relating  to the  Operations,  or the  declaration,
               payment or  commitment  of any kind for the payment of a bonus or
               other  compensation  or benefit to any such employee,  officer or
               director;

                    (j) any commitment for capital expenditures  relating to the
               Operations,  except  as may  have  been  necessary  for  ordinary
               repair, maintenance and replacement; or

                    (k)  in  general,  any  material  change  in  the  financial
               condition,  operations,  business,  properties,  assets, business
               prospects  or manner of  conducting  the  Operations,  other than
               changes in the ordinary  and usual course of business  consistent
               with prior practice.

     4.3.3.  NO  TRANSFERS.  Except as  listed on  SCHEDULE  4.3.3  hereof,  the
Acquired Assets include all the Personal Property of any kind, including but not
limited to vehicles and any other rolling  stock,  used primarily in the conduct
of the Operations as of November 1, 2000. Except as disclosed on SCHEDULE 4.3.3,
there has been no transfer of any kind of any such Personal Property on or after
November 1, 2000 to any unit,  division  or other  portion of any Seller that is
not included in the Operations or to any affiliate of any Seller or to any other
third party, nor have there been any substitutions made with respect to any such
Personal Property.

     4.4. TAX MATTERS.

                                      -13-
<PAGE>

     4.4.1.  TAX  RETURNS;  DISPUTES.  Each of the  Sellers has filed or has had
filed on its behalf,  within the time and in the manner  prescribed  by law, all
federal, and all material state and local tax returns and reports required to be
filed by it with respect to the Acquired Assets, and has paid all taxes shown to
be due thereon. There are no outstanding assessments or taxes otherwise due that
if not paid on a timely basis would result, on or after the Closing Date, in any
liens for taxes on any of the Acquired  Assets.  There are no pending or, to the
knowledge of each of the Sellers, threatened United States federal or applicable
state tax audits involving either any of the Sellers or any of their affiliates,
the  adverse  determination  of which could  result in a lien upon the  Acquired
Assets.

     4.4.2.  SECTION 168. None of the Acquired Assets is tax-exempt use property
within the meaning of SECTION  168(h) of the Tax Reform Act of 1986,  as amended
(the  "Code").  None  of the  Acquired  Assets  is  property  that is or will be
required  to be  treated  as  being  owned by  another  person  pursuant  to the
provisions of SECTION 168(f)(8) of the Internal Revenue Code of 1954, as amended
and in effect immediately prior to the enactment of the Code.

     4.4.3.  FIRPTA.  None of the Sellers is a foreign person within the meaning
of SECTION 1445(f)(3) of the Code.

     4.4.4.  TAX DEFINITIONS.  As used in this Agreement,  the term "tax return"
includes any  material  report,  statement,  form,  return or other  document or
information  required to be supplied to a taxing  authority in  connection  with
taxes.  As used in this  Agreement,  the term "taxes" means any federal,  state,
local and foreign  income or gross  receipts tax,  alternative or add-on minimum
tax,  sales and use tax,  customs duty and any other tax,  charge,  fee, levy or
other assessment, including, without limitation, property, transfer, occupation,
service,  license,  payroll,   franchise,   excise,   withholding,  ad  valorem,
severance,  documentary stamp, gains, premium, windfall profit, employment, rent
or  other  tax,  governmental  fee or like  assessment  or  charge  of any  kind
whatsoever,  together with any interest,  fine or penalty  thereon,  addition to
tax, additional amount, deficiency, assessment or governmental charge imposed by
any federal, state, local or foreign taxing authority which is payable by any of
the Sellers.

     4.5. LITIGATION AND CLAIMS.

          4.5.1.  LITIGATION  PENDING  OR  THREATENED.  Except  as set  forth on
     SCHEDULE 4.5.1, there is no action, suit, claim, arbitration, proceeding or
     investigation  relating to the Acquired Assets or the Operations pending or
     threatened  before  any  court,  tribunal,  panel,  master or  governmental
     agency,  authority  or body in which any of the Sellers is a party or which
     might affect the Acquired  Assets or the  Operations.  SCHEDULE  4.5.1 sets
     forth all litigation  relating to the Acquired  Assets or the Operations to
     which any of the Sellers is party.

          4.5.2.  OPERATIONS  ENJOINED.  Neither  any of the  Sellers,  nor  any
     employee,  manager or agent of any of the Sellers has been  permanently  or
     temporarily  enjoined  by any  order,  judgment  or  decree of any court or
     tribunal or any other agency from engaging in or continuing  any conduct or
     practice in connection with the Operations.

                                      -14-
<PAGE>

          4.5.3.  VIOLATION  OF LAW;  PERMITS.  Except as  disclosed on SCHEDULE
     4.5.3, none of the Sellers is in material violation of any provision of any
     law,  decree,  order or  regulation  applicable  to the  Operations  or the
     Acquired Assets, including, without limitation, those relating to antitrust
     or  other  anticompetitive  practices,  to  employment  practices  (such as
     discrimination,  health and safety), and to minority business  enterprises.
     Except as  disclosed  on  SCHEDULE  4.5.3,  the  Sellers  have all  Permits
     required  with  respect  to the  Acquired  Assets or in the  conduct of the
     Operations and the operation of the Real Property, all of which Permits are
     set  forth on  SCHEDULE  4.5.3,  and has  satisfied  all  material  bonding
     requirements  pertaining  to the  Operations  or the Acquired  Assets under
     federal,  state,  local and foreign laws, rules and regulations.  Except as
     disclosed on SCHEDULE 4.5.3,  all such Permits,  other than conditional use
     permits,  may be transferred in accordance with applicable law and assigned
     to the Buyers  without  the  approval or consent of any third  party.  With
     respect  to any and all  conditional  use  permits,  such  conditional  use
     permits  run with the land  and will be  automatically  transferred  to the
     relevant Buyer at the Closing; provided,  however, that the City of Spanish
     Fork,  Utah  has  indicated  that it will  require  the  issuance  of a new
     conditional  use permit upon the transfer of the ready mix plant at Site 91
     to Parson.  Except as disclosed on SCHEDULE  4.5.3,  the present conduct of
     the  Operations is not dependent  upon any so-called  "non-conforming  use"
     exception nor based upon any zoning  variance.  To the extent  operation of
     any Real Property is subject to any  non-conforming use or zoning variance,
     Buyers upon  Closing  will have the right to continue  such  operations  as
     conducted immediately prior to the Closing.

          4.6. PROPERTIES AND ASSETS OF THE SELLERS.  Listed on SCHEDULE 4.6(a),
     are all  restrictions  on the rights of the Sellers to own or otherwise use
     all of the  Acquired  Assets.  Except as listed on  SCHEDULE  4.6(b),  upon
     consummation of the transactions  contemplated by this Agreement the Buyers
     will acquire good and  marketable  title to the Acquired  Assets,  free and
     clear  of  all   liens,   charges,   encumbrances,   equities   and  claims
     (collectively,  the  "Encumbrances"),  except for  Permitted  Encumbrances;
     provided that, notwithstanding any other provision of this Agreement or any
     deed  delivered  in  connection  with this  Agreement,  the  Sellers do not
     warrant title to mineral rights,  oil, gas or other  hydrocarbon  substance
     rights  or water  rights  except  as set  forth in  SECTIONS  4.6.1(j)  and
     4.6.1(k).

               4.6.1. TITLE TO REAL PROPERTY.

                                    (a) Set forth on SCHEDULE  4.6.1(a) is (i) a
                  complete  list and  description  of all real  property that is
                  owned by the  Sellers and used in the  Operations  or in which
                  any of the Sellers has legal or  equitable  title and which is
                  being sold or otherwise  transferred  to the Buyers (such real
                  property,  together  with all  rights,  title  privileges  and
                  appurtenances   pertaining   thereto,    including,    without
                  limitation,  all of the Sellers' or any of the Sellers' right,
                  title and interest, if any, in and to (A) any unpaid award for
                  any taking by  condemnation  or any damage to the  premises by
                  reason of a change of grade of any  street  or  highway  other
                  than the  property  listed on SCHEDULE  4.6.1(d),  and (B) the
                  items  listed  on  SCHEDULE  4.6(a)),  shall  be  collectively
                  referred to as the "Owned Property") and (ii) a description of
                  each lease of real property  under which any of the Sellers is
                  a  lessee,  lessor,   sublessee  or  sublessor,   licensee  or
                  sublicensee (the "Leased Property") and which is being used in
                  the Operations. The Owned Property and the Leased Property are
                  sometimes collectively referred to as the "Real Property."

                                      -15-
<PAGE>

                                    (b) Except for Permitted  Encumbrances,  the
                  Sellers  have (i) good and  marketable  title in fee simple to
                  the  Owned   Property  and  to  all  plants,   buildings   and
                  improvements  thereon and (ii) good and  marketable  leasehold
                  title to the Leased Property and to all plants,  buildings and
                  improvements  thereon and the Sellers'  interests  therein are
                  free  and  clear  in  each  case  of all  mortgages,  security
                  interests,    liens,   charges,    imperfections   of   title,
                  encroachments,  encumbrances,  leases (other than the Property
                  Leases), equities,  claims, shares, easements,  rights-of-way,
                  squatters' rights, covenants, conditions and restrictions.

                                    (c)   Except  as   disclosed   on   SCHEDULE
                  4.6.1(c),  the buildings and  improvements  owned or leased by
                  any  Seller  and  used in the  Operations,  the  operation  or
                  maintenance  thereof as  operated  and  maintained  do not (i)
                  contravene  any zoning or building  law or  ordinance or other
                  administrative  regulation (including but not limited to those
                  relating to zoning, land division,  building, fire, health and
                  safety)  or  (ii)  violate  any  restrictive  covenant  or any
                  provision of federal,  state,  local or foreign law,  provided
                  that,  in the event the use and operation of any Real Property
                  is a  non-conforming  use as of the  Closing  Date,  except as
                  disclosed on SCHEDULE 4.6.1(c), (A) the right to continue such
                  non-conforming  use is not  restricted or terminated  upon the
                  consummation   of  the   transactions   contemplated  by  this
                  Agreement, and (B) except as listed on SCHEDULE 4.6.1(c)(B) or
                  as set forth in the applicable  zoning  ordinances or pursuant
                  to law generally applicable to real property without regard to
                  the specific  uses or occupants  of such real  property,  such
                  non-conforming  use does not impose  conditions or limitations
                  on the continued use and operation of such property, or on the
                  restoration,  alteration  or expansion  thereof,  and does not
                  impose costs,  expenses or  improvements  as a condition to or
                  required  in  connection  with  such  use and  operation.  The
                  foregoing  representations and warranties  expressly supersede
                  and survive the delivery of the special  warranty  deed to any
                  Real Property,  notwithstanding  any "Permitted  Exception" to
                  the contrary in Exhibit "B" to any such special warranty deed.

                                    (d)  Except as listed on  SCHEDULE  4.6.1(d)
                  attached hereto, there is no pending or, to the best knowledge
                  of each  Seller,  threatened  condemnation  or eminent  domain
                  proceeding  with  respect to, or that could  affect,  any Real
                  Property.

                                    (e)  There is not and has not  been,  during
                  any  period  through  and  including  the  Closing  Date,  any
                  substance placed on the Real Property by any Seller, or to the
                  knowledge of any Seller, placed by any other person (including
                  any  lessor or  predecessor  thereto  with  respect  to Leased
                  Property) the presence of which on any Real Property causes or
                  caused  a  nuisance  upon  any Real  Property  or to  adjacent
                  properties,  except  such  substances  as  would  not  have  a
                  material adverse effect on the business,  business  prospects,
                  financial   condition   or  results  of   operations   of  the
                  Operations.

                                    (f) To the  knowledge of the Sellers,  there
                  is not  and  has  not  been  during  any  period  through  and
                  including the Closing  Date,  any  substance,

                                      -16-
<PAGE>

                  the  presence  of which  on  properties  adjacent to any Real
                  Property constitutes  or constituted a trespass by any of the
                  Sellers, except such  substances as would not have a material
                  adverse   effect  on  the   business,   business   prospects,
                  financial   condition  or   results  of   operations  of  the
                  Operations.

                                    (g) Except as set forth on SCHEDULE 4.6.1(g)
                  attached hereto, to the knowledge of the Sellers, there are no
                  special   taxes  or   assessments,   or  any  planned   public
                  improvements  that may result in a special tax or  assessment,
                  with  respect  to any Real  Property,  and there is no special
                  proceeding pending or threatened in which any taxing authority
                  having  jurisdiction  over any of the Real Property is seeking
                  to increase the assessed value thereof. Except as set forth on
                  SCHEDULE   4.6.1(g)  attached  hereto,   notwithstanding   the
                  foregoing,  Sellers  represent  and warrant that (A) they have
                  not received any written or oral notice or communication  with
                  respect to, and (B) to the Sellers' knowledge,  there has been
                  no  public  disclosure  nor any  notice or  disclosure  in any
                  official record (including any land records),  with respect to
                  any  such   special   tax  or   assessment,   planned   public
                  improvement,  or special proceeding pending or threatened. The
                  foregoing  representations and warranties  expressly supersede
                  and survive the delivery of the special  warranty  deed to any
                  Real Property,  notwithstanding  any "Permitted  Exception" to
                  the contrary in Exhibit "B" to any such special warranty deed.

                                    (h)   Except  as  set   forth  on   SCHEDULE
                  4.6.1(h),  there  are no strips or gores  with  respect  to or
                  affecting  any parcel of Real  Property  (or portion  thereof)
                  which cause any related parcels of land to be  non-contiguous.
                  Except as set forth on SCHEDULE 4.6.1(h),  each parcel of Real
                  Property  owned by any of the Sellers has a right of access to
                  and from such parcel.

                                    (i) All utilities required for the operation
                  of each Real Property either enter such Real Property  through
                  adjoining  streets or, if they pass through adjoining land, do
                  so in accordance  with valid public  easements or  irrevocable
                  private easements, and all of such utilities are installed and
                  operating.

                                    (j) SCHEDULE  4.6.1(j) is a true and correct
                  list of all  owned  water  rights  (herein  the  "Owned  Water
                  Rights")  used by the Sellers,  or any of them,  in connection
                  with the Acquired  Assets and/or the  Operations.  The Sellers
                  are the record or beneficial owners of the Owned Water Rights.
                  The Owned Water  Rights and the other water rights the Sellers
                  have  pursuant  to  contract  rights  (together,   the  "Water
                  Rights")  have been of  sufficient  quantity  and  quality  to
                  supply the  business  needs of the  Operations  at each of the
                  locations of the Operations as conducted prior to the Closing.
                  To the  extent  the Water  Rights  include  shares of stock or
                  other  ownership  interests in water or irrigation  companies,
                  such  Water  Rights  are being and have been put to use by the
                  Sellers  in  accordance  with all  bylaws  or  other  water or
                  irrigation  company  requirements  and all assessments on such
                  shares of stock or ownership  interests have been paid in full
                  and are  presently  paid  current.  The Water Rights have been
                  approved by the Utah State Engineer for the uses to which they
                  are presently employed in the Operations.  The Sellers have no
                  reason  to  believe   that  the  Water   Rights  will  not

                                      -17-
<PAGE>

                  be sufficient,  in  both quantity and  quality, for the future
                  business needs of  the Operations. The  Water Rights have been
                  put to  beneficial  use  by  the  Sellers  and  have  not been
                  forfeited or abandoned,  in  whole or in part, under  the laws
                  of the State of Utah.

                                    (k) Except as listed on  SCHEDULE  4.6.1(k),
                  with  respect to Sites 25B, 25C and 32 as listed on SCHEDULE A
                  (the "Owned Quarry  Properties"),  each parcel of Owned Quarry
                  Property  which has been used by the Sellers for, or which the
                  Sellers have  anticipated  using for, mining and extraction of
                  sand,  gravel, or limestone,  as the case may be, includes all
                  right,  title,  and  interest  in and to such sand,  gravel or
                  limestone  being  extracted at such site,  as the case may be,
                  located  upon or under such  parcels of real  property and the
                  right  to  extract  and  sell  or use  the  same  without  the
                  obligation  to pay  royalties  or  other  compensation  to any
                  person.  With  respect to  property 11 as listed on SCHEDULE A
                  (the "Leased Quarry Property"),  the leasehold interest of the
                  Sellers in the Leased Quarry  Property  which has been used by
                  the Sellers for, or which the Sellers have  anticipated  using
                  for,  mining  and  extraction  of sand  and  gravel,  or other
                  aggregates,  includes  the  right  of  the  Sellers  or  their
                  successors  in  interest  to remove  from the parcel of Leased
                  Quarry Property such sand, gravel, and aggregates, as the case
                  may be, located upon or under such parcel of real property and
                  the  right to  extract  and sell or use the same  without  the
                  obligation  to pay  royalties  or  other  compensation  to any
                  person,  except as may be  provided  in the  respective  lease
                  assumed  by the Buyer  with  respect  to the  parcel of Leased
                  Quarry Property.

          4.6.1.1. MAINTENANCE.  Except as set forth on SCHEDULE 4.6.1.1, all of
     the plants, buildings, material fixtures and other improvements situated on
     the Real Property and all other  material items of property are in adequate
     and useable condition and in a reasonable state of repair,  and maintenance
     of such items has not been deferred beyond a reasonable time period.

          4.6.1.2.  ASSESSMENTS.  There is no special  proceeding pending or, to
     the  knowledge of the Sellers,  threatened,  in which any taxing  authority
     having  jurisdiction  over any of the Real  Property is seeking to increase
     the assessed value thereof.

          4.6.1.3.  Binding Commitments.  No binding commitment has been made by
     any of the Sellers to any  governmental  authority,  utility company or any
     other  organization,  group or individual  relating to the Real Property or
     any part thereof which imposes upon or could impose upon any of the Sellers
     an obligation to make any contribution or dedication of money or land or to
     construct,  install or  maintain  any  improvements  of a public or private
     nature on or off such Real Property.

          4.6.1.4.  Title Documents.  True and complete copies of (a) all leases
     to which any of the Sellers is a party respecting any Real Property and all
     other instruments  granting such leasehold  interests,  rights,  options or
     other  interests  (the  "Property   Leases")   (including  all  amendments,
     modifications,  extensions and supplements  thereto),  (b) all deeds, title
     insurance  commitments  and  policies,  maps,  plats,  surveys,  mortgages,
     agreements

                                      -18-
<PAGE>

     and other  documents  granting  any of the  Sellers  title to or  otherwise
     affecting  or  evidencing  the  state of  title  with  respect  to any Real
     Property,  and  (c)  any  supplements  thereto  (collectively,  the  "Title
     Documents")  have been  delivered to the Buyers.  With respect to the Title
     Documents,  except as disclosed on SCHEDULE 4.6.1.4,  no breach or event of
     default  on the  part  of  any  of  the  Sellers  or  with  respect  to the
     Operations,  no breach or event of default  on the part of any other  party
     thereto  and no event  that,  with the giving of notice or lapse of time or
     both,  would  constitute  such  breach or event of default  under any term,
     covenant  or  condition  of such Title  Documents,  have  occurred  and are
     continuing  unremedied that could materially adversely affect the business,
     business prospects, financial condition or results of any of the Operations
     or any such Seller or any real  property of any such Seller  related to the
     Operations.

          4.6.1.5. NO BREACH OR EVENT OF DEFAULT;  PROPERTY LEASES. With respect
     to the Property Leases,  except as disclosed on SCHEDULE 4.6.1.4, no breach
     or event of  default  on the part of any  Seller  (or to the  knowledge  of
     Sellers, any other party) under the Property Leases and no event that, with
     the  giving  of  notice or lapse of time or both  would  constitute  such a
     breach  or  event of  default,  has  occurred  and is  continuing.  All the
     Property  Leases are in full force and effect and are valid and enforceable
     against the parties thereto in accordance with their terms.  All rental and
     other payments due under each of the Property Leases have been duly paid in
     accordance with the terms of such Property  Leases.  Except as set forth in
     SCHEDULE 4.6.1.5 hereto, the assignment of all of the Sellers' right, title
     and interest in and to the Property  Leases pursuant to this Agreement does
     not require the consent of any party to and will not constitute an event of
     default under or permit any party to terminate or change the existing terms
     of any Property Lease.

          4.6.1.6.  VIOLATION OF LAW.  Except as set forth on SCHEDULE  4.6.1.6,
     none of the Real Property or any condition or activity thereon, any plants,
     buildings,  fixtures,  or improvements located thereon, or the current use,
     operation  or  maintenance  thereof  is in  violation  of  any  law,  rule,
     regulation,  code or  ordinance  or is in  violation  of the  terms  of any
     restrictive covenant or other encumbrance. To the knowledge of the Sellers,
     there are no such  violations  which  would  prevent the  obtaining  of, or
     provide grounds for any  jurisdiction to deny the grant of, any subdivision
     of any Real Property contemplated herein.

          4.6.1.7.  LOCATION.  Except  as set  forth on  SCHEDULE  4.6.1.7,  the
     Sellers do not in the ordinary course of business  maintain any assets used
     in connection with the Operations outside of the State of Utah.

     4.6.2.  PERSONAL  PROPERTY.  Except as set forth on SCHEDULE  4.6.2(a)  and
except for Permitted Encumbrances, the Sellers have good and marketable title to
each  item  of  Personal   Property  free  and  clear  of  all  liens,   leases,
encumbrances,   claims  under   bailment  and  storage   agreements,   equities,
conditional  sales  contracts,  security  interests,  charges and  restrictions,
except for liens, if any, for personal property taxes not delinquent.  Except as
set forth on SCHEDULE  4.6.2(b),  all material items of Personal Property are in
adequate and useable  condition and in a reasonable state of repair,  reasonable
wear and tear  excepted,  and  material  maintenance  on such items has not been
deferred beyond a reasonable time period.

                                      -19-
<PAGE>

     4.7. INSURANCE. There are no outstanding requirements or recommendations by
any  insurance  company  that  issued  any such  policy  or by any Board of Fire
Underwriters  or other  similar  body  exercising  similar  functions  or by any
governmental authority exercising similar functions which requires or recommends
any repairs or other work to be done on or with  respect to any of the  Acquired
Assets  insured in any of said  policies.  None of the Sellers has  received any
notice or other communication from any such insurance company within three years
preceding the date hereof canceling or materially amending any of said insurance
policies relating to the Operations or the Acquired Assets, and to the knowledge
of each of the Sellers,  no such cancellation or amendment is threatened.  There
was no material inaccuracy in any application for any such insurance coverage.

     4.8. LABOR AND EMPLOYMENT MATTERS.

          4.8.1.  LABOR AND EMPLOYMENT  DEFINITIONS.  Capitalized  terms used in
     this SECTION 4.8 which are not otherwise  defined in this  Agreement  shall
     have the respective meanings as set forth below:

                                    "Employee  Benefit  Plan"  shall  mean  each
                  ERISA Plan and each other pension, profit sharing, retirement,
                  bonus,  deferred  compensation,  stock option, stock purchase,
                  severance  pay or insurance  plan for  officers or  employees,
                  which  currently is, or within the  immediately  preceding six
                  years was, established,  maintained, contributed to or legally
                  obligated  to be  contributed  to (i) by any of the Sellers or
                  (ii) solely with respect to potential liability of and through
                  any current or former ERISA Affiliate arising or continuing in
                  respect of such plan under SECTION 302 or Title IV of ERISA or
                  SECTION  412  of the  Code  while  such  entity  was an  ERISA
                  Affiliate, by such current or former ERISA Affiliate.

                                    "ERISA"  shall mean the Employee  Retirement
                  Income Security Act of 1974, as amended.

                                    "ERISA Affiliate" shall mean any corporation
                  which is a member of a controlled  group of corporations  with
                  any of the Sellers within the meaning of SECTION 414(b) of the
                  Code, a trade or business  (including  a sole  proprietorship,
                  partnership,  trust,  estate  or  corporation)  which is under
                  common  control with any of the Sellers  within the meaning of
                  SECTION  414(c)  of the  Code  or a  member  of an  affiliated
                  service  group with any of the  Sellers  within the meaning of
                  SECTION 414(m) or (o) of the Code.

                         "ERISA  Plan"  shall  mean  any  Pension  Plan  and any
                  Welfare Plan.

                         "Multiemployer  Plan"  shall  mean a plan as defined in
                  SECTION 3(37) of ERISA.

                         "Pension Plan" shall mean each employee pension benefit
                  plan  within the  meaning of  SECTION   3(2) of ERISA which is
                  established,   maintained   or   as  to   which  there  is  an
                  obligation   to  contribute  by  or on  behalf  of  any of the

                                      -20-
<PAGE>

                  Sellers or any  ERISA Affiliate, or  under which the employees
                  of any of the  Sellers or any  ERISA   Affiliate  receive  any
                  benefits.

                                    "Welfare  Plan"  shall  mean  each  employee
                  welfare  benefit  plan within the  meaning of SECTION  3(1) of
                  ERISA which is established, maintained or to which there is an
                  obligation to contribute by or on behalf of any of the Sellers
                  or any ERISA Affiliate, or under which the employees of any of
                  the Sellers or any ERISA Affiliate receive any benefits.

          4.8.2. EMPLOYEE BENEFIT PLANS.

                    (a)  SCHEDULE  4.8.2 lists each  Employee  Benefit  Plan and
               clearly  identifies each as a Pension Plan, Welfare Plan or other
               type of Employee Benefit Plan in which employees of the Operation
               participate.

                    (b) Except as disclosed on SCHEDULE 4.8.2(b), neither any of
               the  Sellers  nor  any  ERISA  Affiliate  has  an  obligation  to
               contribute to any  Multiemployer  Plan in which  employees of the
               Operation  participate and has had no such obligation  during the
               six years preceding the Closing Date.

                    (c) Except as disclosed on SCHEDULE 4.8.2(c), neither any of
               the Sellers nor any ERISA  Affiliate  maintains or contributes to
               or has an  obligation  to  contribute  to any Pension Plan (other
               than a  Multiemployer  Plan)  covered  by  Title  IV of  ERISA or
               described  as a defined  benefit plan (in  accordance  with ERISA
               SECTION 3(35)), and has not maintained or contributed to any such
               plan during the six years preceding the Closing Date.

                    (d) The  Sellers  have  delivered  to the  Buyers  true  and
               correct copies of the following:

                         (i) each ERISA Plan  listed on  SCHEDULE  4.8.2 and all
                    amendments thereto; and

                         (ii)  each  trust  agreement  pertaining  to any of the
                    ERISA Plans, including all amendments to such documents.

                    (e) No event has  occurred in  connection  with any Employee
               Benefit  Plan  which has  resulted,  or will or may result in any
               fine, penalty, assessment or other liability for which any of the
               Sellers or a transferee of assets from any of such Sellers may be
               responsible, whether by reason of operation of law or contract.

                    (f) Neither the  execution  and delivery of this  Agreement,
               including,   without  limitation,  all  other  agreements  to  be
               executed  in  connection   herewith,   by  the  Sellers  nor  the
               consummation of the transactions  contemplated herein will result
               in the  acceleration  or  creation  of any  rights of any  person
               entitled to any benefits under any Employee Benefit Plan.

                                      -21-
<PAGE>

          4.8.3.  BENEFIT  OBLIGATIONS.  All accrued  material  obligations  for
     payments  to any  entity,  plan or  person  with  respect  to any  forms of
     compensation  or benefits for  employees of any of the Sellers  relating to
     the  Operations or any ERISA  Affiliate have been paid or are otherwise not
     the liability of the Buyers.

          4.8.4.  PERFORMANCE.  Each of the Sellers has withheld and paid to the
     appropriate  governmental authorities or is withholding for payment not yet
     due to such  authorities  all  amounts  required  to be  withheld  from the
     employees  of such  Seller  relating  to the  Operations,  and  none of the
     Sellers is liable for any arrears of such amounts or penalties  thereon for
     failure to comply with any of the foregoing.

          4.8.5.  COMPENSATION.  All reasonably anticipated material obligations
     of  each  of  the  Sellers  for  salaries,   bonuses  and  other  forms  of
     compensation  (excluding  vacation,  holiday  and sick pay)  payable to the
     employees of the  Operations in respect of the services  rendered by any of
     them  have  been  paid or will be paid  in  accordance  with  the  Sellers'
     policies.

          4.8.6.  RESIGNATIONS.  No key employee of the Operations,  to the best
     knowledge  of each of the  Sellers,  plans to be  unavailable,  if  offered
     employment  by the Buyers,  as an  employee  of the Buyers at  compensation
     substantially  similar to such employee's present rate of compensation plus
     bonuses  similar to amounts  paid in prior  years  except as  disclosed  on
     SCHEDULE 4.8.6.

          4.8.7. COLLECTIVE BARGAINING AGREEMENTS.

               (a) Except as disclosed on SCHEDULE 4.8.7, each of the Sellers is
          not,  and since  January 1, 1998 has not been, a party to a collective
          bargaining  agreement with any labor  organization with respect to the
          Operations.  No  organization  or  representation  question is pending
          respecting  the employees of any of the Sellers,  and no such question
          has been raised with respect to any of the Sellers with respect to the
          Operations since January 1, 1998.

               (b)  Except  as  disclosed  on  SCHEDULE  4.8.7(b),  there  is no
          controversy  pending  between any of the Sellers or any Subsidiary and
          any of their respective employees related to the Operations. Except as
          disclosed on SCHEDULE 4.8.7(b), to the knowledge of the Sellers, there
          is no basis for any claim, grievance, arbitration,  negotiation, suit,
          action or charge of or by any  employee of the Sellers with respect to
          the Operations.  No complaint is pending against any of the Sellers or
          any Subsidiary  before the National Labor Relations Board or any state
          or local  agency with respect to the  Operations.  Each of the Sellers
          and each of its Subsidiaries has complied, in respect of its employees
          relating  to  the  Operations,  in  all  material  respects  with  all
          applicable  statutes,  regulations,  orders  and  restrictions  of the
          United States of America,  all states and other subdivisions  thereof,
          and all agencies and  instrumentalities  of the  foregoing,  including
          those relating to wages, hours,  collective bargaining and the payment
          and  withholding  of taxes and other sums as required  by  appropriate
          governmental authorities.

                           (c) Sellers have  furnished the Buyers with copies of
         all  claims,  complaints,  reports or other  documents  relating to the
         Operations in the Sellers'  files

                                      -22-
<PAGE>

         concerning any of the Sellers or any of their  Subsidiaries relating to
         the Operations or the employees of the  Operations   made by or against
         any of the  Sellers or any  Subsidiary  during  the  past  three  years
         pursuant to workers'  compensation laws, Title VII of  the Civil Rights
         Act of 1964,  the  Occupational  Safety and  Health   Act of 1970,  the
         National  Labor  Relations  Act of 1935 or any  other  federal or state
         laws relating to employment of labor.

          4.8.8. [Reserved]

          4.8.9.  TERMINATION OF EMPLOYMENT.  Effective on the Closing Date, the
     Sellers have  terminated  the employment of all employees of the Operations
     except for the four employees identified in SCHEDULE 6.2.

          4.9.    COMPENSATION  OF AND   INDEBTEDNESS  TO  AND  FROM  EMPLOYEES.

          4.9.1.  EMPLOYEE  COMPENSATION.  SCHEDULE 4.9.1 is a true and complete
     list of the names and annual  compensation  (whether in the form of salary,
     bonus,  commission,   pension  or  profit-sharing  contributions  or  other
     supplemental compensation now or hereafter payable) of the ten (10) highest
     compensated  full time salaried  employees of the Operations (the "Employee
     List").  Such list also identifies each employee of the Operations for whom
     any  of  the  Sellers  provide  a  vehicle,  showing  the  nature  of  such
     arrangement  and the annual cost to such Seller.  Since  December 31, 2000,
     except as disclosed on SCHEDULE 4.9.1, there has been no material change in
     the rate of total  compensation for services rendered,  including,  without
     limitation,  bonuses and deferred  compensation,  for any of the  employees
     listed on the Employee List that was made without prior  consultation  with
     the Buyers, and the bonuses and deferred  compensation  established for the
     year ending  December 31, 2000 were  consistent  with the past practices of
     each of the Sellers for similar employees in similar situations.

          4.9.2.  INDEBTEDNESS.  None of the Sellers is indebted to any employee
     or agent  of the  Operations,  nor any  spouse,  child  or  other  relative
     thereof,  in any amount whatsoever other than for compensation for services
     rendered  since the start of the  Sellers'  current  pay  period  generally
     utilized for its employees and for business  expenses,  nor is any employee
     or  agent of the  Operations  indebted  to any of the  Sellers  except  for
     advances made in the ordinary course of business.

          4.10. CONTRACTS AND OTHER INSTRUMENTS.

          4.10.1. CONTRACTS. Except as set forth on SCHEDULE 4.10.1, none of the
     Sellers is a party to any written or oral  contracts  which are material to
     the Operations or the Acquired Assets.

          Sellers have furnished the Buyers with a true and complete copy of all
     written contracts, obligations or commitments set forth on SCHEDULE 4.10.1,
     and with  accurate  descriptions  of all  oral  contracts,  obligations  or
     commitments set forth on SCHEDULE 4.10.1.

          None of the  Sellers  is in breach of or in  default  under any of the
     contracts,  obligations or commitments set forth on SCHEDULE 4.10.1 and, to
     the knowledge of the Sellers,  no event has occurred that,  with the giving
     of  notice  or lapse of time or both,  would  constitute  such a breach  or
     default. Except as set forth on SCHEDULE 4.10.1, the execution and delivery
     of this

                                      -23-
<PAGE>

     Agreement and the consummation of the transactions contemplated hereby will
     not  require  the  consent of any party  (other  than the  Sellers)  to any
     contract.

     4.11. ENVIRONMENTAL MATTERS.

          4.11.1.  HAZARDOUS MATERIALS.  Except as set forth in SCHEDULE 4.11.1:
     (i) neither the Sellers,  nor, to the  knowledge of the Sellers,  any prior
     owner, tenant,  occupant or user of the Real Property, nor any other person
     or concern,  has engaged in or permitted any operations or activities upon,
     or any use or occupancy  of, such  property or any portion  thereof for the
     purpose  of  or  the  handling,   manufacture,   treatment,  storage,  use,
     generation,  release,  discharge,  refining,  dumping  or  disposal  of any
     Hazardous  Materials (whether legal or illegal,  accidental or intentional,
     excluding de minimis  quantities of Hazardous  Materials  that are commonly
     used in connection  with the Operations and which were used and disposed of
     in accordance with  Environmental  Requirements) on, under, in or about any
     such property or transported any Hazardous Materials to, from or across any
     such  property;  and (ii) to the  knowledge  of the  Sellers,  no Hazardous
     Materials  have  migrated  or are  threatening  to  migrate  from  any Real
     Property upon or beneath other properties,  and no Hazardous Materials have
     migrated or are threatening to migrate from other properties upon, about or
     beneath any Real Property or Former Real Property.

          4.11.2.  ENVIRONMENTAL  REQUIREMENTS.  Except as set forth in SCHEDULE
     4.11.2:  (i) the Sellers,  the Real  Property and the existing  and, to the
     knowledge of the Sellers, prior uses and activities thereon,  including but
     not limited to the use, maintenance and operation of any such property, and
     all activities and conduct of business related thereto,  comply and have at
     all  times  complied  in  all  material  respects  with  all  Environmental
     Requirements,  and no  activity  on or  condition  of the Real  Property or
     Former Real  Property  has  constituted  or  constitutes  a nuisance or has
     constituted or  constitutes a tortious  condition with respect to any third
     party; and (ii) neither the Sellers,  nor, to the knowledge of the Sellers,
     any prior owner or occupant of the Real Property,  pursuant to any existing
     or proposed law or regulation, is required now or in the foreseeable future
     to take  any  remedial  action  related  to any such  property  or make any
     capital  improvements  in order to place such property or the  improvements
     located thereon in compliance with such law or regulation.

          4.11.3. NOTICE OF VIOLATIONS.  Except as set forth in SCHEDULE 4.11.3,
     to  Sellers'  knowledge:  (i)  neither  the  Sellers nor any prior owner or
     occupant of the Real  Property has received  notice or other  communication
     concerning or has any  knowledge of (A) any violation or alleged  violation
     of Environmental Requirements relating to the Real Property, whether or not
     corrected  or (B) any  alleged  liability  for  Environmental  Damages  (as
     defined below) relating to the Real Property, and there exists no basis for
     any  lawsuit,   claim,   proceeding,   citation,   directive,   summons  or
     investigation  related to either (A) or (B) being instituted or filed; (ii)
     no writ, injunction,  decree, order or judgment related to the foregoing is
     outstanding;  and (iii) neither the Sellers nor any prior owner or occupant
     of any such  property  has been  ordered  or  requested  by any  regulatory
     authority  to take any step to remedy any  condition  on any such  property
     whether or not constituting a violation of Environmental Requirements,  and
     no such person or entity has been named a "potentially  responsible  party"
     with respect thereto.

                                      -24-
<PAGE>

          4.11.4. POTENTIALLY RESPONSIBLE PARTY. Except as set forth in SCHEDULE
     4.11.4, neither the Environmental  Protection Agency nor any other federal,
     state or local authority, nor any other person,  corporation,  partnership,
     joint venture,  association,  trust, estate or other entity or organization
     has identified any of the Sellers, or, to the knowledge of the Sellers, any
     prior owner or occupant of any of the Real Property or Former Real Property
     as a  "potentially  responsible  party" or as a party liable in any way for
     remediation  or  clean-up  activities  relating  to the Real  Property,  or
     notified  any of the  Sellers or any prior  owner or  occupant  of any such
     property that it may in the future identify any of the Sellers or the prior
     owner or occupant as a "potentially responsible party" or as a party liable
     in any way for  remediation  or  clean-up  activities  relating to the Real
     Property.

          4.11.5.  ENVIRONMENTAL  REPORTS.  The Sellers have furnished the Buyer
     with  true  and  complete  copies  of  all  claims,   complaints,   reports
     assessments,  audits,  investigations and other documents in the possession
     of any of the Sellers made by, on behalf of or against the Sellers relating
     to the release of Hazardous  Material at the Real Property or any potential
     or actual  Environmental  Damages  incurred by Sellers relating to the Real
     Property.

          4.11.6. DEFINITIONS. For the purposes of this Agreement:

                                    (i)   "Environmental   Damages"   means  all
                  claims,   judgments,   damages,  losses,   penalties,   fines,
                  liabilities (including strict liability), encumbrances, liens,
                  costs and expenses of defense of a claim  (whether or not such
                  claim is  ultimately  defeated),  good  faith  settlements  of
                  judgment and costs and expenses of  reporting,  investigating,
                  removing and/or remediating  Hazardous Materials,  of whatever
                  kind or nature, contingent or otherwise, matured or unmatured,
                  foreseeable or  unforeseeable,  including  without  limitation
                  reasonable  attorney's fees and disbursements and consultants'
                  fees,  any of which are  incurred at any time  arising out of,
                  based  on or  resulting  from  (i) the  release  of  Hazardous
                  Materials  into the  environment,  on or prior to the Closing,
                  upon, beneath, or from any Real Property, Former Real Property
                  or other location  (whether or not owned by the Sellers) where
                  the Sellers conducted  operations or generated,  stored, sent,
                  transported,  or disposed of Hazardous Materials, and (ii) any
                  violation of  Environmental  Requirements by the Sellers on or
                  prior to the Closing.

                                    (ii) "Environmental  Requirements" means all
                  applicable statutes,  regulations,  rules, ordinances,  codes,
                  policies,  advisories,  guidance,  actions, licenses, permits,
                  orders,   approvals,   plans,   authorizations,   concessions,
                  franchises and similar items of all  Governmental  Authorities
                  and all applicable  judicial and administrative and regulatory
                  decrees,  judgments and orders and all covenants  running with
                  the land that  relate to: (A)  occupational  health or safety;
                  (B) the protection of human health or the environment; (C) the
                  treatment, storage, disposal, handling, release or remediation
                  of  Hazardous  Materials;   or  (D)  exposure  of  persons  to
                  Hazardous Materials.

                                    (iii) "Former Real Property"  means any real
                  property  in which the Sellers  heretofore  held but no longer
                  hold a fee, leasehold or other legal,  beneficial or equitable
                  interest.

                                      -25-
<PAGE>

                                    (iv)  "Governmental   Authority"  means  any
                  governmental  agencies,  departments,   commissions,   boards,
                  bureaus, instrumentalities,  courts or tribunals of the United
                  States, the states and political subdivisions thereof.

                                    (v)   "Hazardous    Materials"   means   any
                  substance:  (A) the  presence  of  which  requires  reporting,
                  investigation,  removal or remediation under any Environmental
                  Requirement;  (B)  that is  defined  as a  "hazardous  waste,"
                  "hazardous  substance" or "pollutant" or  "contaminant"  under
                  any Environmental  Requirement;  (C) that is toxic, explosive,
                  corrosive,  flammable,  ignitable,  infectious,   radioactive,
                  reactive,  carcinogenic,  mutagenic or otherwise hazardous and
                  is  regulated  under any  Environmental  Requirement;  (D) the
                  presence  of which  causes or  threatens  to cause a nuisance,
                  trespass or other tortious  condition or poses a hazard to the
                  health or  safety  of  persons;  (E) that  contains  gasoline,
                  diesel fuel or other petroleum hydrocarbons, PCBs, asbestos or
                  urea formaldehyde foam insulation.

     4.12. AGREEMENT NOT IN BREACH OF OTHER INSTRUMENTS.

               (a) Provided that the consents  referenced in SCHEDULE  4.5.3 and
          SCHEDULE  4.6.1.5 are  obtained,  the  execution  and  delivery by the
          Sellers  of this  Agreement  does  not,  and the  consummation  of the
          transactions  contemplated  hereby will not, result in the creation of
          any lien,  security interest,  charge or encumbrance upon the Acquired
          Assets or the  Operations  under,  conflict with or result in a breach
          of,  create an event of  default  (or event  that,  with the giving of
          notice or lapse of time or both, would constitute an event of default)
          under,  or give any third party the right to accelerate any obligation
          under, any agreement, mortgage, license, lease, indenture, instrument,
          order,  arbitration  award,  judgment  or  decree  to which any of the
          Sellers is a party or by which any of the Sellers, the Acquired Assets
          or the Operations is bound or affected.

               (b) Provided that the consents  referenced in SCHEDULE  4.5.3 and
          SCHEDULE  4.6.1.5 are  obtained,  the  execution  and  delivery by the
          Sellers  of this  Agreement  does  not,  and the  consummation  of the
          transactions  contemplated  hereby will not, result in a violation of,
          or require any authorization, approval, consent or other action by, or
          registration,  declaration  or filing  with or notice to, any court or
          administrative  or  governmental  body pursuant to, any statute,  law,
          rule, regulation or ordinance applicable to any of the Sellers.  There
          is no pending or threatened action, suit,  proceeding or investigation
          before or by any court or governmental  body or agency, to restrain or
          prevent the  consummation  of the  transactions  contemplated  by this
          Agreement  or that  might  affect  the right of the  Buyers to own the
          Acquired Assets or to operate the Operations.

     4.13.  REGULATORY  APPROVALS.  Except as set forth on SCHEDULE  4.5.3,  the
Sellers  have  obtained  all  consents,  approvals,   authorizations  and  other
requirements prescribed by any law, rule or regulation which must be obtained or
satisfied  by any of the  Sellers  and,  prior to the Closing  Date,  shall have
obtained all such consents,  approvals,  authorizations  and other  requirements
which are necessary for the Seller to consummate the  transactions  contemplated
by

                                      -26-
<PAGE>

this  Agreement. Set  forth on SCHEDULE 4.13 is a true and  complete list of all
consents,  approvals,  authorizations and other requirements  referenced in this
SECTION 4.13.

     4.14.  INVENTORIES.   The  Inventories  of  each  Seller  relating  to  the
Operations as of the Closing Date are good and merchantable,  and the quantities
of all inventories are reasonable and consistent with past practice of each such
Seller. The volume of Inventories set forth in the inventory listing attached as
SCHEDULE  4.14  have been  determined  in  accordance  with  customary  industry
practices.

     4.15. DISCLOSURE. [Reserved]

     4.16.  BROKERAGE.  None of the Sellers, nor any employee or agent of any of
the Sellers,  has dealt with any finder or broker in connection  with any of the
transactions  contemplated by this Agreement or the negotiations  looking toward
the consummation of such transactions who may be entitled to a fee in connection
therewith.  Any fees  payable to any finder or broker  engaged by the Sellers or
with whom the Sellers have dealt,  shall be the sole  responsibility  of each of
the Sellers and in no circumstance shall the Buyers have any liability therefor.

     4.17. CUSTOMERS. Set forth on SCHEDULE 4.17 is a list of the top 10 largest
customers of the Operations for the fiscal year ended December 31, 2000. None of
the  customers of the  Operations  has  terminated  or, to the  knowledge of the
Sellers,  indicated an intention or plan to terminate  all or a material part of
the services performed for or orders historically placed by such customers,  and
none of the  Sellers  has  reason  to  believe  that any of such  customers  may
terminate all or a material  part of such services or orders,  whether by reason
of the acquisition of the Acquired Assets by the Buyers or for any other reason.
None of the  Executive  Officers (as defined in SECTION  11.15(a))  has received
notice of, nor knows of any basis for,  any  material  complaint  by any of such
customers with respect to services provided or products  delivered by any of the
Sellers since January 1, 1999. None of the employees  primarily  responsible for
servicing  customers  listed  on  SCHEDULE  4.17  has  indicated  to  any of the
Executive  Officers an intention or plan to terminate his or her employment with
any of the Sellers or otherwise be unavailable to the Buyers.

     4.18. PRODUCT LIABILITY. Except as set forth in SCHEDULE 4.18, there are no
pending or, to the  knowledge  of the  Sellers,  threatened  product  liability,
warranty,  material backcharge,  material additional work, field repair or other
claims  by any  third  party  (whether  based on  contract  or tort and  whether
relating to personal injury,  including death, property damage or economic loss)
arising from (A) services  rendered by any of the Sellers during periods through
and  including  the  Closing  Date,  (B) the  sale,  distribution,  erection  or
installation of products by any of the Sellers prior to the Closing Date, or the
manufacture  of products by any of the Sellers  whether  delivered to a customer
before or after the  Closing  Date  (except  with  respect to any  liability  or
obligation  arising out of any action by Buyers  after the Closing  Date) or (C)
the Operations or the ownership of the Acquired Assets during the period through
and including the Closing Date.

                                      -27-
<PAGE>

     4.19. SOLVENCY. Immediately prior to and as of the date hereof, each of the
Sellers was, is, and upon  completion of the  transactions  contemplated  herein
will be, solvent and generally able to pay its debts as they become due.

     4.20.  SUFFICIENCY  OF ASSETS.  Except for the assets  described in SECTION
1.2, the Acquired  Assets and the property leased by any of the Buyers as lessee
pursuant to this Agreement  constitute (a) all of the assets and rights that are
primarily  used in the  Operations  as they are being  conducted  as of the date
hereof and (b) all the  property,  real and personal,  tangible and  intangible,
necessary  for the  conduct  by the Buyers of the  Operations  as they are being
conducted as of the date hereof.  Except as set forth on SCHEDULE 4.20,  none of
USAI or any affiliate thereof (other than the Sellers) owns or has rights to any
assets, properties, or rights of or primarily used by the Operations.

     4.21.   PRESERVATION  OF  DOCUMENTS.   Consummation  of  the   transactions
contemplated by this agreement does not impose upon the Buyers any obligation to
preserve  business  records  of any type in  connection  with any  agreement  or
understanding between any of the Sellers and the State of Utah.

     4.22.  HART-SCOTT-RODINO.  Sellers have performed (and are responsible for)
an independent  analysis of the filing requirements under the  Hart-Scott-Rodino
Anti-Trust  Improvements  Act of 1976, as amended,  and concluded that no filing
thereunder is required.

     5. REPRESENTATIONS AND WARRANTIES OF THE BUYERS. Each of the Buyers jointly
and severally  represents and warrants to the Sellers, as of the date hereof and
as of the Closing, as follows:

          5.1. ORGANIZATION AND QUALIFICATION. Each of the Buyers is duly formed
     and validly  existing as a corporation  in good standing  under the laws of
     the State of Utah and has all corporate power and authority to own or lease
     and operate its  properties  and assets and to carry on its business in the
     manner in which such business is now being conducted.

          5.2.  AUTHORITY.  Each of the Buyers has full power and  authority  to
     enter into this Agreement and to consummate the  transactions  contemplated
     hereby.  This  Agreement  and  all  other  agreements  to  be  executed  in
     connection  herewith  by any of the  Buyers  have  been duly  executed  and
     delivered by the such Buyer,  have been duly  authorized  by all  necessary
     corporate action by the Buyers (including, without limitation, any required
     authorization by the board of directors and shareholders of such Buyer) and
     constitute legal,  valid and binding  obligations of the Buyers enforceable
     in accordance with their respective terms.

          5.3. FINANCIAL CONDITION.

               5.3.1. FINANCIAL STATEMENTS.

                         (a)  Attached as  SCHEDULE  5.3.1 are copies of certain
                    operating  statements  of Staker  (collectively,  the Staker
                    Financial Statements);

                         (b) The Staker Financial Statements: (i) are correct in
                    all material  respects;  (ii) present  fairly the results of
                    operations included in such

                                      -28-
<PAGE>

                    Staker   Financial   Statements  for  the  periods  included
                    therein; and (iii) do not omit any information  necessary to
                    make such Staker Financial Statements not misleading.

                         (c)  Staker  (i)  keeps  books,  records  and  accounts
                    relating  to  the  Staker  Operations  that,  in  reasonable
                    detail,  accurately and fairly reflect (A) the  transactions
                    and dispositions of assets relating to the Staker Operations
                    and (B) the quantity of  inventory.  Neither  Staker nor any
                    employee,  agent  or  shareholder  of  Staker,  directly  or
                    indirectly, has made any payment of funds of Staker relating
                    to the Staker  Operations  or received or retained any funds
                    relating  to  the  Staker  Operations  in  violation  of any
                    applicable law, rule or regulation.

               5.3.2.  ABSENCE OF CERTAIN  CHANGES.  Since  December  31,  2000,
          Staker has used reasonable best efforts consistent with past practices
          to preserve the business organization of the Staker Operations intact,
          to keep available to the Sellers the services of all current employees
          of  the  Staker  Operations  and  to  preserve  the  goodwill  of  the
          suppliers,  customers,  employees and others having business relations
          with the  Staker  Operations.  Since  December  31,  2000,  Staker has
          conducted the Staker Operations in the ordinary course, has maintained
          the Acquired  Staker Assets in at least as good order and condition as
          existed on December 31, 2000 (other than wear as may be accounted  for
          by  reasonable  use) and as is  necessary  to  continue to conduct the
          Staker  Operations.  Except  as set  forth on  SCHEDULE  5.3.2,  since
          December 31, 2000 there has not been:

                    (a) any  material  transaction  by  Staker  relating  to the
               Staker  Operations  not in  the  ordinary  and  usual  course  of
               business;

                    (b) any material adverse change in the financial  condition,
               assets,   liabilities,   business  or  prospects  of  the  Staker
               Operations, taken as a whole;

                    (c) any damage,  destruction  or loss relating to the Staker
               Operations,  whether or not covered by  insurance,  affecting the
               Acquired Staker Assets or the Staker Operations;

                    (d) any  material  alteration  in the manner in which Staker
               keeps their  books,  accounts  or records  relating to the Staker
               Operations, or in the accounting principles and practices therein
               reflected;

                    (e) a  termination,  substantial  modification  or,  to  the
               knowledge  of  Staker,   threatened  termination  or  substantial
               modification of any Buyers' relationship with a material customer
               of the  Staker  Operations  (other  than  jobs  completed  in the
               ordinary  course  of  business)  or  supplier  or  adverse  event
               affecting  any  product or process  used in  connection  with the
               Staker Operations;

                    (f) a lease of,  or  commitment  to  acquire  or lease,  any
               realty or any  substantial  item of machinery or equipment  which
               would constitute an Acquired Staker Asset;

                                      -29-
<PAGE>

                    (g)  any   mortgage,   pledge  or  lien,   charge  or  other
               encumbrance placed upon any of the Acquired Staker Assets;

                    (h) any sale,  assignment or transfer of any asset, property
               or business  relating to the Staker Operations or cancellation of
               any debt or claim or waiver of any right relating to the Acquired
               Staker  Assets or the Staker  Operations,  except in the ordinary
               course of business;

                    (i) any increase in the salary or other compensation payable
               or to become payable to any employee, officer, director of any of
               Staker  relating to the Staker  Operations,  or the  declaration,
               payment or  commitment  of any kind for the payment of a bonus or
               other  compensation  or benefit to any such employee,  officer or
               director  in all  cases,  other  than in the  ordinary  course of
               business;

                    (j) any commitment for capital expenditures  relating to the
               Staker Operations, except as may have been necessary for ordinary
               repair, maintenance and replacement; or

                    (k)  in  general,  any  material  change  in  the  financial
               condition,  operations,  business,  properties,  assets, business
               prospects or manner of conducting  the Staker  Operations,  other
               than  changes  in the  ordinary  and  usual  course  of  business
               consistent with prior practice.

               5.3.3.  NO TRANSFERS.  Except as listed on SCHEDULE 5.3.3 hereof,
          the Acquired Staker Assets include all the Staker Personal Property of
          any kind,  including but not limited to vehicles and any other rolling
          stock,  used  primarily in the conduct of the Staker  Operations as of
          November 1, 2000.  Except as  disclosed on SCHEDULE  5.3.3,  there has
          been no transfer of any kind of any such Staker  Personal  Property on
          or after  November 1, 2000 to any unit,  division or other  portion of
          any Buyer  that is not  included  in the Staker  Operations  or to any
          affiliate of any Buyer or any other third person,  nor have there been
          any  substitutions  made  with  respect  to any such  Staker  Personal
          Property.

               5.4. TAX MATTERS.

               5.4.1. TAX RETURNS;  DISPUTES.  Staker has filed or has had filed
          on its behalf,  within the time and in the manner  prescribed  by law,
          all federal,  and all material state and local tax returns and reports
          required to be filed by it with respect to the Acquired  Staker Assets
          and  has  paid  all  taxes  shown  to be  due  thereon.  There  are no
          outstanding  assessments or taxes  otherwise due that if not paid on a
          timely basis would result,  on or after the Closing Date, in any liens
          for taxes on any of the Acquired  Staker Assets.  There are no pending
          or, to the knowledge of Staker,  threatened  United States  federal or
          applicable  state tax audits involving Staker or any of its affiliates
          the adverse  determination  of which  could  result in a lien upon the
          Acquired Staker Assets.

               5.4.2.  SECTION  168.  None  of the  Acquired  Staker  Assets  is
          tax-exempt  use property  within the meaning of SECTION  168(h) of the
          Code.  None of the Acquired  Staker Assets is property that is or will
          be required to be treated as being owned by another person

                                      -30-
<PAGE>

          pursuant  to the  provisions  of  SECTION  168(f)(8)  of the  Internal
          Revenue Code of 1954,  as amended and in effect  immediately  prior to
          the enactment of the Code.

               5.4.3. FIRPTA.  Staker is not a foreign person within the meaning
          of SECTION 1445(f)(3) of the Code.

               5.5. LITIGATION AND CLAIMS.

               5.5.1.  LITIGATION PENDING OR THREATENED.  Except as set forth on
          SCHEDULE  5.5.1,  there  is  no  action,  suit,  claim,   arbitration,
          proceeding or investigation  relating to the Acquired Staker Assets or
          the  Staker  Operations   pending  or  threatened  before  any  court,
          tribunal,  panel, master or governmental agency,  authority or body in
          which  Staker is a party and which might  affect the  Acquired  Staker
          Assets  or the  Staker  Operations.  SCHEDULE  5.5.1  sets  forth  all
          litigation  relating  to the  Acquired  Staker  Assets  or the  Staker
          Operations to which Staker is party.

               5.5.2.  OPERATIONS  ENJOINED.  Neither Staker,  nor any employee,
          manager  or  agent  of  Staker  has been  permanently  or  temporarily
          enjoined by any order,  judgment or decree of any court or tribunal or
          any other  agency  from  engaging  in or  continuing  any  conduct  or
          practice in connection with the Staker Operations.

               5.5.3. VIOLATION OF LAW; PERMITS. Except as disclosed on SCHEDULE
          5.5.3,  Staker is not in material  violation  of any  provision of any
          law, decree,  order or regulation  applicable to the Staker Operations
          or the Acquired Staker Assets,  including,  without limitation,  those
          relating  to  antitrust  or  other   anticompetitive   practices,   to
          employment practices (such as discrimination,  health and safety), and
          to minority  business  enterprises.  Except as  disclosed  on SCHEDULE
          5.5.3,  Staker has all Permits  required  with respect to the Acquired
          Staker  Assets or in the  conduct  of the  Staker  Operations  and the
          operation of the Staker Real  Property,  all of which  Permits are set
          forth on  SCHEDULE  5.5.3,  and has  satisfied  all  material  bonding
          requirements  pertaining  to the  Staker  Operations  or the  Acquired
          Staker Assets under federal,  state, local and foreign laws, rules and
          regulations.  Except as disclosed on SCHEDULE 5.5.3, all such Permits,
          other than  conditional use permits,  may be transferred in accordance
          with  applicable law and assigned to the Sellers  without the approval
          or consent of a third party.  With respect to any and all  conditional
          use permits,  such  conditional  use permits run with the land and are
          automatically  transferred  to the  relevant  Sellers  at  the  Buyers
          Closing. Except as disclosed on SCHEDULE 5.5.3, the present conduct of
          the  Staker   Operations   is  not   dependent   upon  any   so-called
          "non-conforming use" exception nor based upon any zoning variance.  To
          the  extent   operation  of  any  Real  Property  is  subject  to  any
          non-conforming use or zoning variance,  Sellers upon Closing will have
          the right to continue such operations as conducted  immediately  prior
          to the Closing.

          5.6. PROPERTIES AND ASSETS OF STAKER.  Except as disclosed on SCHEDULE
     5.6(a),  Staker owns or otherwise  has the right to use all of the Acquired
     Staker Assets.  Except as listed on SCHEDULE 5.6(b),  upon  consummation of
     the  transactions  contemplated  by this Agreement the Sellers will acquire
     good and marketable title to or a leasehold interest in the Acquired Staker
     Assets, free and clear of all liens,  charges,  encumbrances,  equities and
     claims  (collectively,  the  "Buyer  Encumbrances"),  except  for the Buyer
     Permitted  Encumbrances;  and provided  further that,  notwithstanding  any
     other provision of this Agreement or any deed delivered in connection

                                      -31-
<PAGE>

with this Agreement,  the Buyers do not warrant title to mineral rights or water
rights except as set forth in SCHEDULE 5.6.1(j) and SCHEDULE 5.6.1(k).

          5.6.1. TITLE TO REAL PROPERTY.

                                    (a) Set forth on SCHEDULE  5.6.1(a) is (i) a
                  complete  list and  description  of all real  property that is
                  owned by Staker and used in the Staker  Operations or in which
                  Staker has legal or equitable title and which is being sold or
                  otherwise  transferred  to the  Sellers  (such real  property,
                  together with all rights,  title privileges and  appurtenances
                  pertaining  thereto,  including,  without  limitation,  all of
                  Staker's or any of Staker's right, title and interest, if any,
                  in and to (A) any unpaid award for any taking by  condemnation
                  or any damage to the  premises  by reason of a change of grade
                  of any street or highway  other  than the  property  listed on
                  SCHEDULE  5.6.1(d),  and  (B) the  Items  listed  on  SCHEDULE
                  5.6(a), shall be collectively referred to as the "Staker Owned
                  Property")  and  (ii) a  description  of  each  lease  of real
                  property under which Staker is a lessee, lessor,  sublessee or
                  sublessor,   licensee  or  sublicensee   (the  "Staker  Leased
                  Property")  and which is being used in the Staker  Operations.
                  The Staker Owned  Property and the Staker Leased  Property and
                  any other real property  subject to the Staker Property Leases
                  are  sometimes  collectively  referred to as the "Staker  Real
                  Property."

                                    (b)  Except  for  those   items   listed  on
                  SCHEDULE 5.6(b), and except for Buyer Permitted  Encumbrances,
                  Staker has (i) good and marketable  title in fee simple to the
                  Staker  Owned  Property  and  to  all  plants,  buildings  and
                  improvements  thereon and (ii) good and  marketable  leasehold
                  title  to the  Staker  Leased  Property  and  to  all  plants,
                  buildings  and  improvements  thereon and  Staker's  interests
                  therein  is free  and  clear  in each  case of all  mortgages,
                  security interests,  liens,  charges,  imperfections of title,
                  encroachments,  encumbrances,  leases  (other  than the Staker
                  Property  Leases),   equities,   claims,  shares,   easements,
                  rights-of-way,  squatters' rights,  covenants,  conditions and
                  restrictions.

                                    (c)   Except  as   disclosed   on   SCHEDULE
                  5.6.1(c),  the buildings and  improvements  owned or leased by
                  Staker and used in the Staker  Operations,  the  operation  or
                  maintenance  thereof as operated and maintained thereon do not
                  (i)  contravene  any zoning or building  law or  ordinance  or
                  other administrative  regulation (including but not limited to
                  those  relating  to zoning,  land  division,  building,  fire,
                  health and safety) or (ii) violate any restrictive covenant or
                  any  provision  of  federal,  state,  local  or  foreign  law,
                  provided  that,  in the  event  the use and  operation  of any
                  Staker Real Property is a non-conforming use as of the Closing
                  Date, except as disclosed on SCHEDULE 5.6.1(c),  (A) the right
                  to  continue  such  non-conforming  use is not  restricted  or
                  terminated   upon  the   consummation   of  the   transactions
                  contemplated  by this  Agreement,  and (B) except as listed on
                  SCHEDULE  5.6.1(c)(B) or as set forth in the applicable zoning
                  ordinance  or pursuant  to law  generally  applicable  to real
                  property  without  regard to the specific uses or occupants of
                  such real property,  such  non-conforming  use does not impose
                  conditions or  limitations  on the continued use and operation
                  of  such  property,  or  on  the  restoration,  alteration  or
                  expansion  thereof,  and does not impose  costs,

                                      -32-
<PAGE>

                  expenses  or   improvements  as a condition  to or required in
                  connection  with   such   use  and  operation.  The  foregoing
                  representations   and   warranties   expressly  supersede  and
                  survive the  delivery of  the   special  warranty  deed to any
                  Staker  Real   Property,    notwithstanding    any  "Permitted
                  Exception"  to  the   contrary  in  Exhibit  "B"  to any  such
                  special warranty deed.

                                    (d)  Except as listed on  SCHEDULE  5.6.1(d)
                  attached hereto, there is no pending or, to the best knowledge
                  of  Staker,   threatened   condemnation   or  eminent   domain
                  proceeding  with respect to, or that could affect,  any Staker
                  Real Property.

                                    (e)  There is not and has not  been,  during
                  any  period  through  and  including  the  Closing  Date,  any
                  substance placed on the Staker Real Property by Staker,  or to
                  the knowledge of Staker, placed by any other person (including
                  any  lessor or  predecessor  thereto  with  respect  to Staker
                  Leased  Property)  the  presence  of which on any Staker  Real
                  Property  causes or caused a  nuisance  upon any  Staker  Real
                  Property or to adjacent properties,  except such substances as
                  would not have a  material  adverse  effect  on the  business,
                  business   prospects,   financial   condition  or  results  of
                  operations of the Staker Operations.

                                    (f) To the knowledge of Staker, there is not
                  and has not been during any period  through and  including the
                  Closing  Date,  any  substance,   the  presence  of  which  on
                  properties adjacent to any Staker Real Property constitutes or
                  constituted  a trespass by Staker,  except such  substances as
                  would not have a  material  adverse  effect  on the  business,
                  business   prospects,   financial   condition  or  results  of
                  operations of the Staker Operations.

                                    (g) Except as set forth on SCHEDULE 5.6.1(g)
                  attached  hereto,  to the  knowledge  of Staker,  there are no
                  special   taxes  or   assessments,   or  any  planned   public
                  improvements  that may result in a special tax or  assessment,
                  with  respect to any  Staker  Real  Property,  and there is no
                  special  proceeding  pending or threatened in which any taxing
                  authority  having  jurisdiction  over any of the  Staker  Real
                  Property is seeking to increase  the assessed  value  thereof.
                  Except  as set forth on  SCHEDULE  5.6.1(g)  attached  hereto,
                  notwithstanding  the foregoing,  Buyers  represent and warrant
                  that (A) they have not  received any written or oral notice or
                  communication  with  respect to, and (B) to the  knowledge  of
                  Staker there has been no public  disclosure  nor any notice or
                  disclosure  in  any  official   record   (including  any  land
                  records),  with respect to any such special tax or assessment,
                  planned public  improvement,  or special proceeding pending or
                  threatened.

                                    (h)   Except  as  set   forth  on   SCHEDULE
                  5.6.1(h),  there  are no strips or gores  with  respect  to or
                  affecting  any  parcel of Staker  Real  Property  (or  portion
                  thereof)  which  cause  any  related  parcels  of  land  to be
                  non-contiguous. Except as set forth on SCHEDULE 5.6.1(h), each
                  parcel of Staker Real Property  owned by Staker has a right of
                  access to and from such parcel.

                                      -33-
<PAGE>

                                    (i) All utilities required for the operation
                  of each Staker  Real  Property  either  enter such Staker Real
                  Property  through  adjoining  streets or, if they pass through
                  adjoining   land,  do  so  in  accordance  with  valid  public
                  easements or irrevocable  private  easements,  and all of such
                  utilities are installed and operating.

                                    (j) SCHEDULE  5.6.1(j) is a true and correct
                  list of all owned water rights (herein the "Staker Owned Water
                  Rights") used by Staker in connection with the Acquired Staker
                  Assets and/or the Staker  Operations.  Staker is the record or
                  beneficial owner of the Staker Owned Water Rights.  The Staker
                  Owned  Water  Rights  and the other  water  rights  Staker has
                  pursuant  to contract  rights  (together,  the  "Staker  Water
                  Rights")  have been of  sufficient  quantity  and  quality  to
                  supply the  business  needs of the  Operations  at each of the
                  locations of the Operations as conducted prior to the Closing.
                  To the extent the Staker Water Rights  include shares of stock
                  or other ownership interests in water or irrigation companies,
                  such Staker Water Rights are being and have been put to use by
                  Staker  in  accordance  with  all  bylaws  or  other  water or
                  irrigation  company  requirements  and all assessments on such
                  shares of stock or ownership  interests have been paid in full
                  and are presently  paid current.  The Staker Water Rights have
                  been approved by the Utah State Engineer for the uses to which
                  they are presently  employed in the Operations.  Staker has no
                  reason to believe  that the Staker  Water  Rights  will not be
                  sufficient,  in both  quantity  and  quality,  for the  future
                  business  needs of the Staker  Operations.  The  Staker  Water
                  Rights have been put to beneficial  use by Staker and have not
                  been  forfeited or abandoned,  in whole or in part,  under the
                  laws of the State of Utah.

                                    (k) With  respect to property 1 as listed on
                  SCHEDULE B (the "Owned Staker Quarry Property"), the parcel of
                  Owned  Staker  Quarry  Property  which has been used by Staker
                  for, or which  Staker has  anticipated  using for,  mining and
                  extraction of sand,  gravel, or other aggregates,  as the case
                  may be, includes all right, title, and interest in and to such
                  sand, gravel or aggregate being extracted at such site, as the
                  case  may  be,  located  upon or  under  such  parcel  of real
                  property  and the  right to  extract  and sell or use the same
                  without the obligation to pay royalties or other  compensation
                  to any  person.  With  respect  to  property  2 as  listed  on
                  SCHEDULE  B  (the  "Leased  Staker  Quarry   Property"),   the
                  leasehold  interest  of Staker  in the  Leased  Staker  Quarry
                  Property  which has been used by Staker for,  or which  Staker
                  has  anticipated  using for,  mining and  extraction  of sand,
                  gravel, or other  aggregates,  includes the right of Staker or
                  its successors in interest to remove from the parcel of Leased
                  Staker Quarry Property such sand, gravel,  and aggregates,  as
                  the case may be,  located  upon or under  such  parcel of real
                  property  and the  right to  extract  and sell or use the same
                  without the obligation to pay royalties or other  compensation
                  to any person,  except as may be  provided  in the  respective
                  lease  assumed by the  Sellers  with  respect to the parcel of
                  Leased Staker Quarry Property.

               5.6.1.1.  MAINTENANCE.  Except as set forth on SCHEDULE  5.6.1.1,
          all of the plants, buildings, material fixtures and other improvements
          situated on the Staker Real

                                      -34-
<PAGE>

          Property and all other  material items of property are in adequate and
          usable condition and in a reasonable state of repair,  and maintenance
          of such items has not been deferred beyond a reasonable time period.

               5.6.1.2. ASSESSMENTS.  There is no special proceeding pending or,
          to the knowledge of Staker,  threatened, in which any taxing authority
          having jurisdiction over any of the Staker Real Property is seeking to
          increase the assessed value thereof.

               5.6.1.3. BINDING COMMITMENTS. No binding commitment has been made
          by Staker to any governmental authority,  utility company or any other
          organization, group or individual relating to the Staker Real Property
          or any part thereof  which imposes upon or could impose upon Staker an
          obligation to make any  contribution or dedication of money or land or
          to  construct,  install or maintain  any  improvements  of a public or
          private nature on or off such Staker Real Property.

               5.6.1.4.  TITLE  DOCUMENTS.  True and complete  copies of (a) all
          leases to which any of Staker is a party  respecting  any Staker  Real
          Property and all other instruments  granting such leasehold interests,
          rights,  options or other  interests  (the "Staker  Property  Leases")
          (including all amendments,  modifications,  extensions and supplements
          thereto),  (b) all deeds,  title  insurance  commitments and policies,
          maps,  plats,  surveys,  mortgages,  agreements  and  other  documents
          granting any of Staker title to or otherwise  affecting or  evidencing
          the state of title with respect to any Staker Real  Property,  and (c)
          any supplements thereto  (collectively,  the "Staker Title Documents")
          have been  delivered to the  Sellers.  With respect to the Buyer Title
          Documents,  no breach or event of default  on the part of Staker  with
          respect to the Staker Operations, no breach or event of default on the
          part of any other party thereto and no event that,  with the giving of
          notice or lapse of time or both, would constitute such breach or event
          of default under any term,  covenant or condition of such Staker Title
          Documents,  have  occurred and are  continuing  unremedied  that could
          materially   adversely  affect  the  business,   business   prospects,
          financial  condition  or results of any of the  Staker  Operations  or
          Staker  or  any  real  property  of  Staker   related  to  the  Staker
          Operations.

               5.6.1.5.  NO BREACH OR EVENT OF DEFAULT;  PROPERTY  LEASES.  With
          respect to the Staker Property  Leases,  no breach or event of default
          on the part of any Buyer (or to the  knowledge  of  Buyers,  any other
          party) under the Staker  Property  Leases and no event that,  with the
          giving  of  notice or lapse of time or both  would  constitute  such a
          breach or event of default,  has occurred and is  continuing.  All the
          Staker  Property Leases are in full force and effect and are valid and
          enforceable  against  the  parties  thereto in  accordance  with their
          terms.  All  rental  and other  payments  due under each of the Staker
          Property  Leases have been duly paid in  accordance  with the terms of
          such Staker Property  Leases.  Except as set forth in SCHEDULE 5.6.1.5
          hereto, the assignment of all of Staker's right, title and interest in
          and to the Staker  Property Leases pursuant to this Agreement does not
          require the consent of any party to and will not  constitute  an event
          of  default  under or permit  any  party to  terminate  or change  the
          existing terms of any Staker Property Lease.

               5.6.1.6.  VIOLATION  OF LAW.  Except  as set  forth  on  SCHEDULE
          5.6.1.6, none of the Staker Real Property or any condition or activity
          thereon,  any plants,  buildings,  fixtures,  or improvements  located
          thereon, or the current use, operation or

                                      -35-
<PAGE>

          maintenance thereof is in violation of any law, rule, regulation, code
          or  ordinance  or is in  violation  of the  terms  of any  restrictive
          covenant or other encumbrance.

               5.6.1.7.  LOCATION.  Except  as set  forth on  SCHEDULE  5.6.1.7,
          Staker does not in the ordinary course of business maintain any assets
          used in connection with the Staker Operations  outside of the State of
          Utah.

               5.6.2.  PERSONAL  PROPERTY.  Except  as  set  forth  on  SCHEDULE
          5.6.2(a) and except for Buyer Permitted Encumbrances,  Staker has good
          and marketable title to each item of Staker Personal  Property (except
          for any leased Staker Personal  Property) free and clear of all liens,
          leases,  encumbrances,  claims under bailment and storage  agreements,
          equities, conditional sales contracts, security interests, charges and
          restrictions,  except for liens,  if any, for personal  property taxes
          not delinquent. Except as set forth on SCHEDULE 5.6.2(b), all material
          items of Staker Personal Property are in adequate and usable condition
          and  in a  reasonable  state  of  repair,  reasonable  wear  and  tear
          expected, and material maintenance on such items has not been deferred
          beyond a reasonable time period.

     5.7. INSURANCE. [Reserved]

     5.8. LABOR AND EMPLOYMENT MATTERS.

               5.8.1. Labor and Employment  Definitions.  Capitalized terms used
          in this SECTION 5.8 which are not otherwise  defined in this Agreement
          shall have the respective meanings as set forth below:

                         "Buyer  Employee  Benefit  Plan"  shall mean each ERISA
                    Plan and each other  pension,  profit  sharing,  retirement,
                    bonus, deferred compensation,  stock option, stock purchase,
                    severance  pay or insurance  plan for officers or employees,
                    which currently is, or within the immediately  preceding six
                    years  was,  established,   maintained,  contributed  to  or
                    legally  obligated to be contributed to (i) by any of Staker
                    or (ii) solely with  respect to  potential  liability of and
                    through any  current or former  ERISA  Affiliate  arising or
                    continuing  in  respect of such plan  under  SECTION  302 or
                    Title IV of  ERISA or  SECTION  412 of the Code  while  such
                    entity  was an ERISA  Affiliate,  by such  current or former
                    ERISA Affiliate.

               5.8.2. BUYER EMPLOYEE BENEFIT PLANS.

                    (a) SCHEDULE  5.8.2 lists each Buyer  Employee  Benefit Plan
               and clearly  identifies  each as a Pension Plan,  Welfare Plan or
               other type of Buyer Employee  Benefit Plan in which  employees of
               the Staker Operations participate.

                    (b) Except as disclosed on SCHEDULE 5.8.2(b), neither Staker
               nor any ERISA  Affiliate  has an  obligation to contribute to any
               Multiemployer  Plan in which  employees of the Staker  Operations
               participate and has had no such  obligation  during the six years
               preceding the Closing Date.

                    (c) Except as disclosed on SCHEDULE 5.8.2(c), neither Staker
               nor any ERISA  Affiliate  maintains or  contributes  to or has an
               obligation to

                                      -36-
<PAGE>

               contribute to any Pension Plan (other than a Multiemployer  Plan)
               covered by Title IV of ERISA or  described  as a defined  benefit
               plan  (in  accordance  with  ERISA  SECTION  3(35)),  and has not
               maintained or  contributed  to any such plan during the six years
               preceding the Closing Date.

                    (d) Staker has  delivered  to the  Sellers  true and correct
               copies of such of the  following  documents  as the Sellers  have
               requested:

                         (i) each ERISA Plan  listed on  SCHEDULE  5.8.2 and all
                    amendments thereto; and

                         (ii)  each  trust  agreement  pertaining  to any of the
                    ERISA Plans, including all amendments to such documents.

          5.8.3.  BENEFIT  OBLIGATIONS.  All accrued  material  obligations  for
     payments to any entity,  plan or person with  respect to any  benefits  for
     employees  of  Staker  relating  to the  Staker  Operations  or  any  ERISA
     Affiliate have been paid or are otherwise not the liability of the Sellers.

          5.8.4.  PERFORMANCE.  Staker has withheld and paid to the  appropriate
     governmental  authorities or is withholding for payment not yet due to such
     authorities  all  amounts  required to be withheld  from the  employees  of
     Staker relating to the Staker Operations,  and Staker is not liable for any
     arrears of such amounts or penalties thereon for failure to comply with any
     of the foregoing.

          5.8.5.  COMPENSATION.  All reasonably anticipated material obligations
     of Staker for salaries,  bonuses and other forms of compensation (excluding
     vacation,  holiday  and sick pay)  payable to the  employees  of the Staker
     Operations  in respect of the  services  rendered  by any of them have been
     paid or will be paid in accordance with the Buyers' policies.

          5.8.6. RESIGNATIONS.  No key employee of the Staker Operations, to the
     best knowledge of Staker, plans to be unavailable, if offered employment by
     the Sellers,  as an employee of the Sellers at  compensation  substantially
     similar  to such  employee's  present  rate of  compensation  plus  bonuses
     similar to amounts paid in prior years.

          5.8.7. COLLECTIVE BARGAINING AGREEMENTS.

                    (a) Except as  disclosed on SCHEDULE  5.8.7,  Staker is not,
               and since  January 1, 1998 has not been,  a party to a collective
               bargaining  agreement with any labor organization with respect to
               the Staker Operations. No organization or representation question
               is  pending  respecting  the  employees  of  Staker,  and no such
               question  has been raised with  respect to Staker with respect to
               the Staker Operations since January 1, 1998.

                    (b) Except as  disclosed on SCHEDULE  5.8.7(b),  there is no
               controversy  pending  between  Staker  and any of its  respective
               employees related to the Staker  Operations.  Except as disclosed
               on SCHEDULE  5.8.7(b),  to the  knowledge of Staker,  there is no
               basis for any claim, grievance,  arbitration,  negotiation, suit,
               action or charge of or by any  employee of Staker with respect to
               the Staker Operations.  No complaint is

                                      -37-
<PAGE>

               pending  against  Staker or before the National  Labor  Relations
               Board or any state or local  agency  with  respect  to the Staker
               Operations.  Staker has  complied,  in  respect of its  employees
               relating to the Staker Operations,  in all material respects with
               all applicable statutes,  regulations, orders and restrictions of
               the United States of America,  all states and other  subdivisions
               thereof, and all agencies and instrumentalities of the foregoing,
               including those relating to wages, hours,  collective  bargaining
               and the  payment  and  withholding  of taxes  and  other  sums as
               required by appropriate governmental authorities.

                    (c) Buyers have  furnished  the  Sellers  with copies of all
               claims,  complaints,  reports or other documents  relating to the
               Staker Operations in Staker's files concerning Staker relating to
               the Staker  Operations or the employees of the Staker  Operations
               made by or against Staker during the past three years pursuant to
               workers'  compensation laws, Title VII of the Civil Rights Act of
               1964,  the  Occupational  Safety  and  Health  Act of  1970,  the
               National  Labor  Relations  Act of 1935 or any other  federal  or
               state laws relating to employment of labor.

     5.9. COMPENSATION OF AND INDEBTEDNESS TO AND FROM EMPLOYEES.

               5.9.1.  EMPLOYEE  COMPENSATION.  SCHEDULE  5.9.1  is a  true  and
          complete  list of the names and annual  compensation  (whether  in the
          form  of  salary,   bonus,   commission,   pension  or  profit-sharing
          contributions  or other  supplemental  compensation  now or  hereafter
          payable)  of the ten  (10)  highest  compensated  full  time  salaried
          employees of the Staker  Operations (the "Buyer Employee List").  Such
          list also identifies  each employee of the Staker  Operations for whom
          Staker provided a vehicle,  showing the nature of such arrangement and
          the  annual  cost to  Staker.  Since  December  31,  2000,  except  as
          disclosed on SCHEDULE 5.9.1,  there has been no material change in the
          rate of total compensation for services rendered,  including,  without
          limitation,   bonuses  and  deferred  compensation,  for  any  of  the
          employees  listed on the  Buyer  Employee  List that was made  without
          prior  consultation  with the  Sellers,  and the bonuses and  deferred
          compensation  established  for the year ending  December 31, 2000 were
          consistent with the past practices of Staker for similar  employees in
          similar situations.

               5.9.2.  INDEBTEDNESS.  Staker is not  indebted to any employee or
          agent  of the  Staker  Operations,  nor any  spouse,  child  or  other
          relative thereof, in any amount whatsoever other than for compensation
          for services  rendered since the start of Staker's  current pay period
          generally utilized for its employees and for business expenses, nor is
          any  employee  or agent of the Staker  Operations  indebted  to Staker
          except for advances made in the ordinary course of business.

     5.10. CONTRACTS AND OTHER INSTRUMENTS.

               5.10.1. CONTRACTS. Except as set forth on SCHEDULE 5.10.1, Staker
          is not a party to any written or oral contracts  which are material to
          the Staker Operations or the Acquired Staker Assets.

               Buyers have  furnished  the Sellers with a true and complete copy
          of all written  contracts,  obligations  or  commitments  set forth on
          SCHEDULE 5.10.1, and with accurate descriptions of all oral contracts,
          obligations or commitments set forth on SCHEDULE 5.10.1.

                                      -38-
<PAGE>

               Staker  is  not  in  breach  of or in  default  under  any of the
          contracts,  obligations or commitments  set forth on SCHEDULE  5.10.1,
          and to the  knowledge of Staker no event has occurred  that,  with the
          giving  of notice or lapse of time or both,  would  constitute  such a
          breach  or  default.  Except  as set  forth on  SCHEDULE  5.10.1,  the
          execution and delivery of this Agreement and the  consummation  of the
          transactions  contemplated  hereby will not require the consent of any
          party (other than the Buyers ) to any Contract.

     5.11. ENVIRONMENTAL MATTERS.

               5.11.1.  HAZARDOUS  MATERIALS.  Except as set  forth in  SCHEDULE
          5.11.1: (i) neither Staker, nor, to the knowledge of Staker, any prior
          owner, tenant,  occupant or user of the Staker Real Property,  nor any
          other person or concern, has engaged in or permitted any operations or
          activities  upon,  or any use or  occupancy  of, such  property or any
          portion  thereof  for the  purpose  of or the  handling,  manufacture,
          treatment,  storage, use, generation,  release,  discharge,  refining,
          dumping or  disposal  of any  Hazardous  Materials  (whether  legal or
          illegal, accidental or intentional, excluding de minimis quantities of
          Hazardous  Materials  that are commonly  used in  connection  with the
          Staker  Operations  and which were used and disposed of in  accordance
          with  Environmental  Requirements)  on,  under,  in or about  any such
          property or transported any Hazardous Materials to, from or across any
          such  property;  and (ii) to the  knowledge  of Staker,  no  Hazardous
          Materials have migrated or are  threatening to migrate from any Staker
          Real  Property  upon or beneath  other  properties,  and no  Hazardous
          Materials  have  migrated  or are  threatening  to migrate  from other
          properties  upon,  about or beneath any Staker Real  Property or Buyer
          Former Real Property.

               5.11.2.  ENVIRONMENTAL  REQUIREMENTS.  Except  as  set  forth  in
          SCHEDULE 5.11.2: (i) Staker, the Staker Real Property and the existing
          and, to the knowledge of Buyers,  prior uses and  activities  thereon,
          including but not limited to the use, maintenance and operation of any
          such  property,  and all  activities  and conduct of business  related
          thereto,  comply  and  have  at all  times  complied  in all  material
          respects with all  Environmental  Requirements,  and no activity on or
          condition of the Staker Real  Property or Staker  Former Real Property
          (as defined  below) has  constituted  or constitutes a nuisance or has
          constituted  or  constitutes a tortious  condition with respect to any
          third party; and (ii) neither Staker, nor, to the knowledge of Staker,
          any prior owner or occupant of the Staker Real  Property,  pursuant to
          any existing or proposed law or regulation,  is required now or in the
          foreseeable  future to take any  remedial  action  related to any such
          property  or make any  capital  improvements  in  order to place  such
          property or the  improvements  located thereon in compliance with such
          law or regulation.

               5.11.3.  NOTICE OF  VIOLATIONS.  Except as set forth in  SCHEDULE
          5.11.3:  (i)  neither  Staker nor any prior  owner or  occupant of the
          Staker  Real  Property  has  received  notice  or other  communication
          concerning  or has any  knowledge  of (A)  any  violation  or  alleged
          violation of  Environmental  Requirements  relating to the Staker Real
          Property,  whether or not  corrected or (B) any alleged  liability for
          Buyer Environmental  Damages (as defined below) relating to the Staker
          Real  Property,  and there  exists no basis  for any  lawsuit,  claim,
          proceeding,  citation,  directive, summons or investigation related to
          either (A) or (B) being instituted or filed; (ii) no writ, injunction,
          decree, order or judgment related to the foregoing is outstanding; and
          (iii)  neither  Staker  nor any prior  owner or  occupant  of any such

                                      -39-
<PAGE>

          property has been ordered or requested by any regulatory  authority to
          take any step to remedy any condition on any such property  whether or
          not  constituting a violation of  Environmental  Requirements,  and no
          such person or entity has been named a "potentially responsible party"
          with respect thereto.

               5.11.4.  POTENTIALLY  RESPONSIBLE  PARTY.  Except as set forth in
          SCHEDULE 5.11.4,  neither the Environmental  Protection Agency nor any
          other  federal,  state  or  local  authority,  nor any  other  person,
          corporation, partnership, joint venture, association, trust, estate or
          other  entity  or  organization  has  identified  Staker,  or,  to the
          knowledge  of Staker,  any prior  owner or occupant of the Staker Real
          Property or Staker Former Real Property as a "potentially  responsible
          party" or as a party  liable in any way for  remediation  or  clean-up
          activities relating to the Staker Real Property, or notified Staker or
          any prior owner or occupant  of any such  property  that it may in the
          future  identify  Staker,   or  the  prior  owner  or  occupant  as  a
          "potentially  responsible  party" or as a party  liable in any way for
          remediation  or  clean-up  activities  relating  to  the  Staker  Real
          Property.

               5.11.5.  ENVIRONMENTAL REPORTS.  Staker has furnished the Sellers
          with true and  complete  copies  of all  claims,  complaints,  reports
          assessments,   audits,  investigations  and  other  documents  in  the
          possession of Staker made by, on behalf of or against Staker  relating
          to the release of  Hazardous  Material at the Staker Real  Property or
          any potential or actual Buyer Environmental Damages incurred by Buyers
          relating to the Staker Real Property.

               5.11.6. DEFINITIONS. For the purposes of this Agreement:

                         (i) "Buyer  Environmental  Damages"  means all  claims,
                    judgments,  damages, losses,  penalties,  fines, liabilities
                    (including strict liability), encumbrances, liens, costs and
                    expenses of defense of a claim (whether or not such claim is
                    ultimately defeated), good faith settlements of judgment and
                    costs and  expenses of  reporting,  investigating,  removing
                    and/or remediating Hazardous Materials,  of whatever kind or
                    nature,  contingent  or  otherwise,  matured  or  unmatured,
                    foreseeable or unforeseeable,  resulting from the activities
                    or  operations  of  Staker,   including  without  limitation
                    reasonable    attorney's   fees   and    disbursements   and
                    consultants'  fees,  any of which are  incurred  at any time
                    arising out of, based on or  resulting  from (i) the release
                    of Hazardous Materials into the environment,  on or prior to
                    the  Closing,   upon,  beneath,  or  from  any  Staker  Real
                    Property,  Staker  Former Real  Property  or other  location
                    (whether  or not owned by  Staker)  where  Staker  conducted
                    operations  or  generated,  stored,  sent,  transported,  or
                    disposed  of  Hazardous  Materials  relating  to the  Staker
                    Operations,  and/or  (ii)  any  violation  of  Environmental
                    Requirements by Staker on or prior to the Closing

                         (ii)  "Staker  Former  Real  Property"  means  any real
                    property in which Staker heretofore held but no longer holds
                    a fee,  leasehold  or other legal,  beneficial  or equitable
                    interest.

               5.12. AGREEMENT NOT IN BREACH OF OTHER INSTRUMENTS.

                         (a) Provided  that the consents  referenced in SCHEDULE
                    5.5.3 and SCHEDULE  5.6.1.5 are obtained,  the execution and
                    delivery  by Staker  of this  Agreement  does  not,  and the
                    consummation of the  transactions  contemplated  hereby will
                    not, result

                                      -40-
<PAGE>

                    in the creation of any lien,  security  interest,  charge or
                    encumbrance  upon the Acquired  Staker  Assets or the Staker
                    Operations  under,  conflict  with or result in a breach of,
                    create an event of default (or event  that,  with the giving
                    of  notice  or lapse of time or both,  would  constitute  an
                    event of default)  under,  or give any third party the right
                    to accelerate any obligation under, any agreement, mortgage,
                    license, lease, indenture,  instrument,  order,  arbitration
                    award,  judgment or decree to which  Staker is a party or by
                    which,  any of Staker,  the  Acquired  Staker  Assets or the
                    Staker Operations, is bound or affected.

                         (b) Provided  that the consents  referenced in SCHEDULE
                    5.5.3 and SCHEDULE  5.6.1.5 are obtained,  the execution and
                    delivery  by Staker  of this  Agreement  does  not,  and the
                    consummation of the  transactions  contemplated  hereby will
                    not, result in a violation of, or require any authorization,
                    approval,  consent  or other  action  by,  or  registration,
                    declaration  or  filing  with or  notice  to,  any  court or
                    administrative   or  governmental   body  pursuant  to,  any
                    statute,  law, rule,  regulation or ordinance  applicable to
                    Staker.  There is no pending  or  threatened  action,  suit,
                    proceeding  or  investigation  before  or by  any  court  or
                    governmental  body or agency,  to  restrain  or prevent  the
                    consummation  of  the  transactions   contemplated  by  this
                    Agreement  or that might  affect the right of the Sellers to
                    own the  Acquired  Staker  Assets or to  operate  the Staker
                    Operations.

               5.13.  REGULATORY  APPROVALS.  Except  as set  forth on  SCHEDULE
          5.5.3, Staker has obtained all consents, approvals, authorizations and
          other  requirements  prescribed by any law,  rule or regulation  which
          must be obtained  or  satisfied  by Staker  and,  prior to the Closing
          Date, shall have obtained all such consents, approvals, authorizations
          and other requirements which are necessary for the Buyer to consummate
          the transactions contemplated by this Agreement. Set forth on SCHEDULE
          5.13  is  a  true  and  complete  list  of  all  consents,  approvals,
          authorizations and other requirements referenced in this SECTION 5.13.

               5.14.  INVENTORIES.  The  inventories  of Staker  relating to the
          Staker  Operations  as of the Closing Date are good and  merchantable,
          and the  quantities of all  inventories  are reasonable and consistent
          with past practice of Staker.  The volume of inventories  set forth in
          the inventory  listing  attached as SCHEDULE 5.14 have been determined
          in accordance with customary industry practices.

               5.15. DISCLOSURE. [Reserved]

               5.16. BROKERAGE. None of the Buyers, nor any employee or agent of
          either of the Buyers has dealt with any finder or broker in connection
          with any of the  transactions  contemplated  by this  Agreement or the
          negotiations  looking toward the consummation of such transactions who
          may be entitled to a fee in connection therewith.  Any fees payable to
          any  finder or  broker  engaged  by either of the  Buyers or with whom
          either of the Buyers has dealt,  shall be the sole  responsibility  of
          each the  Buyers and in no  circumstance  shall the  Sellers  have any
          liability therefor.

               5.17. CUSTOMERS. Set forth on SCHEDULE 5.17 is a complete list of
          the 10 largest  customers of the Staker Operations for the fiscal year
          ended  December  31,  2000.  None  of  the  customers  of  the  Staker
          Operations has terminated or, to the knowledge of Staker, indicated an

                                      -41-
<PAGE>

          intention or plan to terminate  all or a material part of the services
          performed for, or orders historically  placed by, such customers,  and
          Staker  has no  reason  to  believe  that  any of such  customers  may
          terminate all or a material  part of such services or orders,  whether
          by reason of the  acquisition  of the  Acquired  Staker  Assets by the
          Sellers or for any other reason.  None of the Buyer Executive Officers
          (as defined in SECTION  11.15(b)) has received notice of, nor knows of
          any basis for, any material  complaint by any of such  customers  with
          respect to services  provided or products  delivered  by Staker  since
          January 1,  1999.  None of the  employees  primarily  responsible  for
          servicing  customers  listed on SCHEDULE  5.17 has indicated to any of
          the Buyer Executive  Officers an intention or plan to terminate his or
          her employment with Staker or otherwise be unavailable to the Sellers.

               5.18.  PRODUCT  LIABILITY.  Except as set forth in SCHEDULE 5.18,
          there  are no  pending  or, to the  knowledge  of  Staker,  threatened
          product liability, warranty, material backcharge,  material additional
          work,  field repair or other claims by any third party  (whether based
          on contract or tort and whether relating to personal injury, including
          death,  property  damage or economic  loss)  arising from (A) services
          rendered by Staker during periods through and including  Closing Date,
          (B) the sale,  distribution,  erection or  installation of products by
          any of  Staker  prior  to the  Closing  Date,  or the  manufacture  of
          products by Staker whether delivered to a customer before or after the
          Closing  Date (except  with  respect to any  liability  or  obligation
          arising out of any action by Sellers  after the  Closing  Date) or (C)
          the Staker  Operations or the ownership of the Acquired  Staker Assets
          during the period through and including the Closing Date.

               5.19. SOLVENCY. Immediately prior to the date hereof, Staker was,
          is, and upon completion of the transactions  contemplated  herein will
          be, solvent and generally able to pay its debts as they become due.

               5.20.  SUFFICIENCY OF ASSETS.  Except for the assets described in
          SECTION 1.2A,  the Acquired  Staker Assets and the property  leased by
          any of the Sellers as lessee pursuant to this Agreement constitute (a)
          all of the  assets and rights  that are  primarily  used in the Staker
          Operations  as they are being  conducted as of the date hereof and (b)
          all  the  property,  real  and  personal,   tangible  and  intangible,
          necessary  for the conduct by the Sellers of the Staker  Operations as
          they are being conducted as of the date hereof. Except as set forth on
          SCHEDULE 5.20, none of Oldcastle or any affiliate  thereof (other than
          Staker) owns or has rights to any assets,  properties, or rights of or
          relating to the Staker Operations.

               5.21.   HART-SCOTT-RODINO.   Buyers  have   performed   (and  are
          responsible  for) an independent  analysis of the filing  requirements
          under  the  Hart-Scott-Rodino  Act and have  concluded  that no filing
          thereunder is required.

     6. EMPLOYEES.

               6.1.  OBLIGATION  TO EMPLOY.  Except as provided in SECTION  6.2,
          nothing in this  Agreement  shall be  construed  as an  obligation  or
          commitment  of the  Buyers  to  offer  to hire or hire  any  employee,
          officer,  former  employee  or  director  of  any of  the  Sellers  or
          otherwise  assume any liability  relating in any way to the employees,
          former  employees,  officers  or  directors  of  any  of  the  Sellers
          including  but not  limited  to  liabilities  for salary  payments  or

                                      -42-
<PAGE>

          Employee  Benefit  Plans  or  arising  under  the  Worker   Adjustment
          Retraining and Notification Act ("WARN Act"), the Consolidated Omnibus
          Budget  Reconciliation  Act  ("COBRA")  or any  collective  bargaining
          agreement.  Sellers,  however, do not assume any liability relating in
          any way to their employees,  former employees,  officers or directors,
          including  liability for any collective  bargaining plans sponsored by
          the  Buyers or  arising  under the WARN Act,  COBRA or any  collective
          bargaining agreement to which the Buyers are a party to the extent any
          such liability arises from Buyers' acts or omissions after the Closing
          Date it  being  understood  that  Buyer's  decision  to hire  any such
          individuals  will be deemed to have occurred on the Closing Date.  The
          Sellers  shall  indemnify  Buyers  with  respect  to the  WARN  Act as
          provided in SECTION 10.

               6.2.  OFFERS TO EMPLOY.  Notwithstanding  SECTION 6.1, the Buyers
          warrant that immediately  after the Closing they will extend offers of
          employment to the four employees listed on SCHEDULE 6.2. To the extent
          that the Buyers hire any former employee,  officer, or director of any
          of the  Sellers,  the Buyers agree to make such  employee  immediately
          eligible for accident and health plan  coverage and any other  Welfare
          Plan  coverage that the Buyers make  generally  available to its other
          employees  and  to  provide  COBRA  benefits  if  such  employees  are
          subsequently  terminated by the Buyers.  Upon the Buyers'  request and
          the written consent of the applicable  employees and former  employees
          of the  Sellers,  the  Sellers  shall,  to  the  extent  permitted  by
          applicable  law,  reasonably  provide to Buyers  information  from the
          employment  records of employees and former employees of the Seller to
          assist Buyers in deciding whether to hire any such individuals.

               7. SELLERS'  CLOSING  DELIVERIES.  The  obligations of the Buyers
          hereunder  shall be subject  to the  satisfaction,  as of the  Closing
          Date,  of the  following  conditions  (any of which may be waived,  in
          whole or in part, by the Buyers):

               7.1. PERMITS, APPROVALS AND AUTHORIZATIONS. Any and all consents,
          waivers,  permits and approvals  from any  governmental  or regulatory
          body,  and of any  corporation  or other person or entity  required in
          connection  with  the  execution,  delivery  or  performance  of  this
          Agreement or necessary for the Buyers to operate the Operations in the
          manner in which it is currently operated shall have been duly obtained
          and shall be in full force and effect on the Closing Date.

               7.2. NO  CHALLENGE  OR  VIOLATION  OF ORDERS.  No  investigation,
          action,   suit  or  proceeding  by  any   governmental  or  regulatory
          commission,  agency or authority, and no action, suit or proceeding by
          any other person,  firm,  corporation  or entity,  shall be pending or
          threatened on the Closing Date which  challenges this Agreement or the
          closing  of the  transactions  contemplated  hereby,  or which  claims
          damages  in  a  material  amount  as  a  result  of  the  transactions
          contemplated  hereby. No preliminary or permanent  injunction or other
          order by any court or  governmental  or regulatory  authority,  and no
          statute,  rule,  regulation,  decree or executive order promulgated or
          enacted by any  government or  governmental  or regulatory  authority,
          that  declares this  Agreement  invalid in any respect or prevents the
          consummation  of the  transactions  contemplated  hereby,  shall be in
          effect.

               7.3.  CERTAIN  DOCUMENTS.  The Sellers  shall have  furnished the
          Buyers with the following  documents:

                                      -43-
<PAGE>

                    (a) termination  statements and  instruments of release,  in
               form  and  substance  satisfactory  to  counsel  for the  Buyers,
               releasing and discharging all mortgages,  leases,  liens, claims,
               charges,   security   interests,   conditional  sales  contracts,
               restrictions or other encumbrances against the Acquired Assets or
               otherwise  providing  for the release and discharge of such items
               upon such terms and conditions as are acceptable to Buyers;

                    (b) a duly executed assignment of title with respect to each
               motor vehicle transferred to the Buyers hereunder;

                    (c) a copy of the Articles of  Incorporation  of each of the
               Sellers, certified by the Utah Department of Commerce Division of
               Corporations and Commercial Code;

                    (d) a  certificate,  dated a date  proximate  to the Closing
               Date,  as to the good standing of each of the Sellers and payment
               of  all  applicable   state  taxes   thereby,   executed  by  the
               appropriate officials of the State of Utah as the case may be and
               of each other state in which any of the Sellers is qualified as a
               foreign corporation;

                    (e) the originals,  or copies  certified to the satisfaction
               of the Buyers,  of all Property  Leases and Title  Documents with
               respect to the Real Property;

                    (f) executed originals of all consents,  waivers,  approvals
               and authorizations  required by law, statute,  rule,  regulation,
               contract  or  agreement  to be  obtained by any of the Sellers in
               connection with the consummation of the transactions contemplated
               hereby;

                    (g) a copy of the  resolutions  of the board of directors of
               each of the Sellers  authorizing  the  execution  and delivery of
               this  Agreement  and each of the  other  Related  Agreements  (as
               identified in SECTION 1.4) to which any of the Sellers is a party
               and the performance of the transactions  contemplated  hereby and
               thereby, certified by the secretary of each such Seller;

                    (h) a certificate  as to the incumbency and signature of the
               officers  of  each  of the  Sellers  executed  by an  officer  or
               director of each Seller and by the secretary of each Seller;

                    (i) all other  documents  required to be produced under this
               Agreement;

                    (j)  letters  evidencing  the  transfers  of  all  necessary
               operating permits;

                    (k) a power of attorney,  substantially in the form attached
               hereto as EXHIBIT 7.3(p) with respect to property 10 as listed on
               SCHEDULE A,  granting the Buyer the  authority  and power to take
               all necessary action on behalf of the relevant Seller to effect a
               subdivision of such property;

                    (l) executed  subordination and  non-disturbance  agreements
               from such lenders of the Sellers and USAI as the Buyers  request;
               and

                                      -44-
<PAGE>

                    (m) landlord estoppels and consents.

               7.4. [Reserved].

               7.5. EVIDENCE OF TITLE. The Buyers shall have received (i) a 1970
          ALTA Extended  Coverage Form Policy of Title Insurance  (together with
          all  endorsements  and affirmative  coverages  required by the Buyers)
          issued  by one or  more  title  insurance  companies  selected  by the
          Buyers, and (ii) a currently dated, in-place survey for each parcel of
          Real  Property  prepared  by a  surveyor  approved  by the  Buyers and
          registered  or  licensed  in the State in which such Real  Property is
          located  in  accordance   with  the  1992  Minimum   Standard   Detail
          Requirements  for ALTA/ASCM Land Title Surveys and satisfactory to the
          Buyers.  The cost of such title reports and title  policies shall have
          been borne by the  Buyers.  The cost of surveys  shall be borne by the
          Sellers.

               7.6.  FIRPTA  AFFIDAVIT.  Each of the Sellers shall have executed
          and  delivered  to the  Buyers a  certificate  of  non-foreign  status
          satisfying the requirements of Treas. Reg. SS. 1.1445-2(b)(2)(i).

          8.  BUYERS'  CLOSING  DELIVERIES.   The  obligations  of  the  Sellers
     hereunder shall be subject to the satisfaction,  as of the Closing Date, of
     the following  conditions (any of which may be waived, in whole or in part,
     by the Sellers):

               8.1. PERMITS, APPROVALS AND AUTHORIZATIONS. Any and all consents,
          waivers,  permits and approvals  from any  governmental  or regulatory
          body and of any  corporation  or other person  required in  connection
          with the  execution,  delivery and  performance  of this  Agreement or
          necessary  for the  Sellers to operate  the Staker  Operations  in the
          manner in which it is currently  operating  shall be in full force and
          effect on the Closing Date.

               8.2. NO  CHALLENGE  OR  VIOLATION  OF ORDERS.  No  investigation,
          action,   suit  or  proceeding  by  any   governmental  or  regulatory
          commission,  agency or authority, and no action, suit or proceeding by
          any other person,  firm,  corporation  or entity,  shall be pending or
          threatened on the Closing Date which  challenges this Agreement or the
          closing  of the  transactions  contemplated  hereby,  or which  claims
          damages  in  a  material  amount  as  a  result  of  the  transactions
          contemplated  hereby. No preliminary or permanent  injunction or other
          order by any court or  governmental  or  regulatory  authority  and no
          statute,  rule,  regulation,  decree or executive order promulgated or
          enacted by any  government or  governmental  or regulatory  authority,
          that  declares this  Agreement  invalid in any respect or prevents the
          consummation  of the  transactions  contemplated  hereby,  shall be in
          effect.

               8.3.  CERTAIN  DOCUMENTS.  The Buyers  shall have  furnished  the
          Sellers with the following documents:

                    (a) a copy of the Articles of  Incorporation  of each of the
               Buyers,  certified by the Utah Department of Commerce Division of
               Corporations and Commercial Code;

                                      -45-
<PAGE>

                    (b) a  Certificate  as to the good  standing  of each of the
               Buyers  and  payment  of  all  applicable  state  taxes  thereby,
               executed by the appropriate officials of the State of Utah;

                    (c) a copy of the  resolutions  of the Board of Directors of
               each of the Buyers,  authorizing  the  execution  and delivery of
               this Agreement and each of the other Related  Agreements to which
               such  Buyer is a party and the  performance  of the  transactions
               contemplated  hereby and thereby,  certified by the  Secretary of
               such Buyer;

                    (d) a  certificate  to the  incumbency  and signature of the
               officers of each of the Buyers executed by an officer or director
               of each such Buyer and by the Secretary of such Buyer;

                    (e) the originals,  or copies  certified to the satisfaction
               of the Sellers, of all property leases with respect to the Staker
               Real Property;

                    (f) executed originals of all consents,  waivers,  approvals
               and authorizations  required by law, statute,  rule,  regulation,
               contract  or  agreement  to be  obtained  by any of the Buyers in
               connection with the consummation of the transactions contemplated
               hereby;

                    (g) all other  documents  required to be produced under this
               Agreement; and

                    (h)  letters  evidencing  the  transfers  of  all  necessary
               operating permits.

               8.4. [Reserved].

               8.5. [Reserved].

               8.6.  EVIDENCE OF TITLE.  The Sellers  shall have  received (i) a
          Policy  of  Title  Insurance   (together  with  all  endorsements  and
          affirmative  coverages  required by the Buyers)  issued by one or more
          title insurance companies selected by the Buyers, and (ii) a currently
          dated,  in-place survey for each parcel of Real Property prepared by a
          surveyor  approved  by the Buyers and  registered  or  licensed in the
          State in which  such Real  Property  is  located  satisfactory  to the
          Buyers.  The cost of such title reports and title  policies shall have
          been borne by the Sellers.  The cost of surveys  shall be borne by the
          Buyers.

               8.7. FIRPTA  AFFIDAVIT.  Staker shall have executed and delivered
          to the Sellers a certificate  of  non-foreign  status  satisfying  the
          requirements of Treas. Reg. SS. 1.1445-2(b)(2)(i).

     9.  ACTIONS  AFTER THE  CLOSING  DATE.  The  parties  covenant  to take the
following actions after the Closing Date:

          9.1.  COOPERATION.  Subject to any  limitations  that are  required to
     preserve any applicable attorney-client privilege, for a period of five (5)
     years from and after the  Closing  Date,  each  party  agrees to furnish or
     cause to be furnished to the other  parties,  its counsel and  accountants,
     upon reasonable  request during normal business hours,  after not less than
     three  (3)

                                      -46-
<PAGE>

     business  days  prior  written  notice,  such  information  and  assistance
     relating to such party or its business (including,  without limitation, the
     cooperation  of officers  and  employees  and  reasonable  access to books,
     records and other data and the right to make copies and extracts therefrom)
     as is reasonably  necessary to: (a) facilitate the  preparation  for or the
     prosecution,  defense or  disposition  of any suit,  action,  litigation or
     administrative,  arbitration or other  proceeding or  investigation  (other
     than one by or on  behalf of one party to this  Agreement  against  another
     party  hereto);  or (b)  prepare and file any other  documents  required by
     governmental or regulatory  bodies.  The party  requesting such information
     and  assistance   shall  reimburse  the  other  party  for  all  reasonable
     out-of-pocket  costs and expenses  incurred by such party in providing such
     information and assistance.

          9.2.  FURTHER  ASSURANCES.  (a)  Each of the  parties  agrees  to work
     diligently,  expeditiously and in good faith to consummate the transactions
     contemplated by this  Agreement.  From time to time after the Closing Date,
     (i) each of the parties  shall  execute  and deliver to the other  relevant
     parties  such  instruments  of  sale,  transfer,  conveyance,   assignment,
     consent, assurance, power of attorney, and other such instruments as may be
     reasonably  requested  by the Buyers in order to (A) vest in the Buyers all
     right, title, and interest in and to the Acquired Assets and the Operations
     and (B) vest in the Sellers all right,  title,  and  interest in and to the
     Acquired Staker Assets and the Staker  Operations;  (ii) the parties hereto
     will  execute  and  deliver  such  other  instruments  of  sale,  transfer,
     conveyance,  assignment,  assurance,  power  of  attorney  and  other  such
     instruments  as may be reasonably  required by the other parties  hereto in
     order to carry out the purpose and intent of this  Agreement  and all other
     agreements  to be executed in  connection  herewith and (iii) shall provide
     such transition services as are reasonably  requested by the other party in
     order for such other party to achieve full operational ability with respect
     to the assets acquired by it pursuant to this Agreement. The Buyers and the
     Sellers shall each provide the other with such assistance as reasonably may
     be requested by the other in  connection  with the  preparation  of any tax
     return,  an audit or examination of any such return by any taxing authority
     or any judicial or  administrative  proceeding  relating to  liability  for
     taxes and shall each retain and provide the other with any records or other
     information which may be relevant to such a return,  audit,  examination or
     proceeding.

          (b) Anything  contained herein to the contrary  notwithstanding,  this
     Agreement will not constitute an assignment,  an attempted assignment or an
     agreement  to assign any Contract or Permit if an  assignment  or attempted
     assignment  of the same  without  the consent of any other party or parties
     thereto or, in the case of any Permit, the governmental  entity that issued
     or  granted  such  Permit,  would  constitute  a breach  thereof  or not be
     permitted  by  applicable  law,  or in any way  impair  the  rights  of the
     assignee party thereunder. If any such consent is not obtained prior to the
     Closing or if an attempted  assignment would be ineffective or would impair
     the  Sellers' or the Buyers'  rights  under any such  Contract or Permit so
     that the Buyers or the  Sellers,  as the case may be, would not receive all
     such  rights,  then the  assignor  party will (x) use its  reasonable  best
     efforts to provide or cause to be provided to the  assignee  party,  to the
     extent  permitted by applicable law, the full benefits of any such Contract
     or Permit,  (y) pay  promptly or cause to be paid  promptly to the assignee
     party  when  received  all  monies  and other  properties  received  by the
     assignor party with respect to any thereof and (z) enforce,  at the request
     of the  assignee  party and at the sole  expense and for the account of the
     assignee  party,  to the extent  permitted by  applicable  law, any and all
     rights of the assignor  party arising from such Contract or Permit  against
     the  other  party or  parties  thereto  or the  issuer or  grantor

                                      -47-
<PAGE>

     thereof  (including the right to elect to terminate such Contract or Permit
     in accordance  with the terms thereof).  In addition,  each party will take
     such other  actions (at its expense) as may  reasonably be requested by the
     other party in order to place each party,  insofar as reasonably  possible,
     in the same position as if such Contract or Permit had been  transferred as
     contemplated  hereby  and  so  that  all  the  benefits  relating  thereto,
     including  possession,  use, risk of loss, potential for gain and dominion,
     control and command, shall inure to the assignee party. In the event that a
     required  consent to the  assignment of any lease set forth on SCHEDULE 2.1
     is not  received,  and the  Sellers  pay-off  such lease and  transfer  the
     property  subject to such lease to the Buyers,  then the parties agree that
     the benefit to the Buyers of such pay-off and transfer,  and the payment to
     be made in  connection  with  such  transfer,  shall be the value set forth
     besides  such  lease  in  SCHEDULE  2.1  under  the  column  "Agreed  Lease
     Assumption Amount".

          9.3.  NON-INTERFERENCE.  With respect to all real  property upon which
     any of the Buyers and the Sellers  conduct  business  simultaneously,  each
     party  agrees not to interfere  with the use of such  property by any other
     party operating thereon.

          9.4. SELLER'S COVENANTS.

                    (a)  Sellers  shall use their best  efforts to effect  legal
               subdivisions as soon as practicable after the Closing Date of the
               properties  listed  on  SCHEDULE  9.4(a);  including  undertaking
               prompt   remediation  of  any   violations   with  respect  their
               operations  that are made a  condition  of the  grant of any such
               subdivision.

                    (b) Sellers shall obtain all required storm-water or "NPDES"
               permits for  properties  leased by the Buyers  within ninety days
               after the Closing Date. The Buyers shall prepare the  storm-water
               pollution prevention plan required with such permits.

                    (c) Sellers shall use their best efforts to promptly  obtain
               an assignment  of the permit  granted by the State of Utah or any
               other   governmental   authority  or  agency,   with  respect  to
               excavation,  processing  and  removal  operations  (and any other
               activity  permitted by such  permit)  relating to  aggregates  at
               property 11 as listed on SCHEDULE A.

          9.5.  LEGAL  OPINIONS.  On or prior to April 16, 2001,  counsel to the
     Sellers shall deliver to the Buyers a legal opinion covering such customary
     matters as the Buyers shall  reasonably  request.  On or prior to April 16,
     2001,  counsel to the Buyers shall  deliver to the Sellers a legal  opinion
     covering such customary matters as the Sellers shall reasonably request.

          9.6. BVD OPTION.  Promptly after the Closing,  the Sellers shall grant
     an option in favor of the Buyers to assume the BVD lease in Park City. Such
     option  shall have an  exercise  price of $1,  shall be  exercisable  for a
     period coterminous with the term of the BVD lease and shall have such other
     terms and conditions as the Buyers shall reasonably request.

          9.7.  LEHI PUT  RIGHT.  In the event  that (a) on or prior to June 30,
     2001, the Sellers shall not have delivered evidence reasonably satisfactory
     to the Buyers that the Buyers have good,  marketable and insurable title to
     all of the  Buyers'  interest  in Site 90 as listed on  SCHEDULE A ("Lehi")
     pursuant  to that  certain  Second  Amendment  to  Purchase  and  Operating
     Agreement  dated March 28, 2001 by and among Peck Rock and  Products,  LLC,
     Clay Peck, Cole

                                      -48-
<PAGE>

     Peck,  Western and Parson,  and the Surface  Owners  Agreement  and Mineral
     Release referred to therein,  then (b) the Buyers shall have the right (the
     "Put Right") to require the Sellers to pay,  within 5 business  days of the
     Buyers  delivering a written  notice to the Sellers (a "Put  Notice"),  the
     cash sum of $1,000,000. Such evidence shall include the delivery to Buyers,
     at Sellers' sole cost and expense,  of an updated title insurance policy or
     an  endorsement  (the "New Title  Policy")  to the  Buyers'  Owner's  Title
     Insurance  Policy (Order Number  F-53541,  45 Pro Forma 541) dated April 1,
     2001 in the amount of $25,000,000 issued by Chicago Title Insurance Company
     (the "Existing Title Policy"), on the terms and conditions contained in the
     next following sentence. The New Title Policy shall insure the Co-Occupancy
     Estate of  Buyers  described  in the  Existing  Title  Policy  without  the
     following proviso (with respect to the Surface Owners Agreement)  contained
     in SECTION 17 of SCHEDULE B with  respect to "Lehi," as shown on page 29 of
     the Existing Title Policy:  "subject to any claim for loss or damage due to
     the failure of all required  parties to execute the above  Agreement,"  and
     without any other similar or dissimilar  proviso,  exception,  exclusion or
     qualification  relating to the right, title or interest,  power,  capacity,
     authority  or  competency  of  any  such  parties  to  the  Surface  Owners
     Agreement,  and the New Title Policy shall  otherwise be in the same amount
     and on all of the other same terms and  conditions  as the  Existing  Title
     Policy. Effective upon receipt of such cash payment, the Buyers shall cease
     all  operations  at Lehi,  and the  Sellers  and the Buyers  shall take all
     necessary or desirable  actions to restore the parties to their  respective
     rights as if the Closing had not  occurred  solely with respect to Lehi (it
     being agreed that $1,000,000 is the portion of the Purchase Price allocable
     to Lehi for these  purposes.)  The  parties  agree to work in good faith to
     effectuate  the intent of this  Section 9.7. The Put Right shall cease if a
     Put Notice  shall not have been  delivered to the Sellers on or before July
     31, 2001.

     10. INDEMNIFICATION.

          10.1.1.  INDEMNIFICATION  OF THE BUYERS.  Each of the Sellers and USAI
     jointly and severally  shall indemnify and hold harmless each of the Buyers
     and their Affiliates in respect of any and all claims, losses,  diminutions
     in  value,   damages,   liabilities,   and  expenses  (including,   without
     limitation,   settlement   costs  and  any  legal  or  other  expenses  for
     investigating or defending any actions or threatened  actions)  incurred by
     any of the Buyers or their  Affiliates in  connection  with each and all of
     the following together with interest on cash disbursements from the date of
     disbursement  by  any of the  Buyers  or  their  Affiliates  in  connection
     therewith at a fluctuating  interest rate that is at all times equal to the
     prime rate in effect  from time to time at Citibank  (or similar  financial
     institution)  in New York on  90-day  unsecured  loans to  substantial  and
     responsible customers:

                    (a) any misrepresentation made by any of the Sellers in this
               Agreement  (including  any  Schedules or Exhibits  hereto) or any
               Related  Agreement  or in any  document  described in SECTION 7.3
               (together with the Related  Agreements and any document described
               in SECTION 8.3, the  "Ancillary  Documents") or any breach of any
               representation  or warranty  contained herein or in any Ancillary
               Document made by any of the Sellers;

                    (b) the breach of any  covenant,  agreement or obligation of
               any of the Sellers or USAI  contained  in this  Agreement  or any
               Ancillary  Document (provided that with respect to claims arising
               out of SECTION 6.1, Sellers agree to indemnify the Buyers

                                      -49-
<PAGE>

               against all liabilities  arising under the WARN Act except to the
               extent of liabilities  arising out of Buyers'  failure to fulfill
               their  obligations to hire four employees of the Seller  pursuant
               to SECTION 6.2);

                    (c) any liabilities or obligations (continuing or otherwise)
               arising from the failure of the Buyers to obtain the  protections
               afforded  by   compliance   with  the   notification   and  other
               requirements of the bulk sales laws in force in the jurisdictions
               in which such laws may be applicable  to any of the Sellers,  the
               Operations,  the Acquired Assets or the transactions contemplated
               hereby;

                    (d) any claims against or debts,  liabilities or obligations
               of any of the Sellers or USAI relating to the Acquired  Assets or
               the Operations not specifically assumed by the Buyers pursuant to
               this  Agreement,  whether  known or unknown,  including,  without
               limitation, Excluded Liabilities;

                    (e)  any  and  all  Environmental  Damages,  whether  or not
               disclosed on SCHEDULES  hereto or otherwise  known by the Buyers,
               the Sellers or USAI;

                    (f)  any  and  all  taxes  and  assessments  by  any  taxing
               authority  imposed or assessed  after the Closing  Date for prior
               years  or  portions  thereof  due to  change  in  land  usage  or
               ownership with respect to any Real Property occurring or accruing
               prior to the Closing Date;

                    (g)  claims  for   breaches  of  the   representations   and
               warranties contained in SECTION 4.6.1;

                    (h) in the  event  that  Reagan  Outdoor  Advertising,  Inc.
               ("Reagan  Outdoor") is able (after notice of this transaction has
               been  delivered  to Reagan  Outdoor by the  Sellers  prior to the
               Closing  Date)  to  successfully  assert  its  alleged  right  to
               purchase  Sites 25B and 25C (as  described on SCHEDULE A hereto),
               and Reagan Outdoor:

                                    (A)  purchases  such Sites 25B and 25C,  the
                  Buyers  shall be entitled to the  difference  (if greater than
                  zero)  obtained  by  subtracting  the  amount  paid by  Reagan
                  Outdoor from $7,700,000;

                                    (B)  purchases  less  than the  entirety  of
                  Sites  25B and  25C,  the  Buyers  shall  be  entitled  to the
                  difference  obtained by subtracting  the amount paid by Reagan
                  Outdoor  from  such  amount  as the  Buyers  and  the  Sellers
                  determine in good faith is the portion of the  Purchase  Price
                  allocable to the property so purchased by Reagan Outdoor; and

                                    (C)  agrees to settle  its  claims  with the
                  Buyers and such settlement amount has been consented to by the
                  Sellers (such consent not to be  unreasonably  withheld),  the
                  Buyers shall be entitled to the amount of such settlement;

                    plus, in the case of any of (A) through (C) above, the legal
               fees of the Buyers incurred with respect to such event;

                                      -50-
<PAGE>

                    (i) any claims against or debts,  liabilities or obligations
               relating to the  operation by the Sellers of the Acquired  Staker
               Assets or the Staker Operations after the Closing Date; and

                    (j) any  claims,  losses,  diminutions  in  value,  damages,
               liabilities,  and expenses  suffered by the Buyers in  connection
               with the Sellers' failure to have good and insurable title to all
               of its  interest  in  Lehi,  whether  or not  the  Put  Right  is
               exercised and whether or not the Buyers'  ability to exercise the
               Put Right has expired.

          Notwithstanding  any other  provision  of this SECTION  10.1.1,  Buyer
     agrees that any claims, losses, diminutions in value, damages,  liabilities
     and   expenses   incurred   by  any  of  the  Buyers  for  which  it  seeks
     indemnification  pursuant to this SECTION 10.1.1 shall be calculated  after
     subtracting  any  insurance  proceeds net of premiums  paid with respect to
     such insurance  proceeds and any tax benefits  received by Buyer on account
     of or  relating  to such  claim,  losses,  diminution  in  value,  damages,
     liabilities and expenses.  In connection with any claim for indemnification
     made by any of the Buyers,  for which the Sellers and USAI are obligated to
     indemnify the Buyers pursuant to the terms of this  Agreement,  Sellers and
     USAI shall be liable for all punitive  damages  claimed against or assessed
     against  the Buyers in  connection  with any such claim;  PROVIDED  Sellers
     shall not be liable for any claims for punitive  damages  originated by the
     Buyers hereunder.

          10.1.2.  INDEMNIFICATION  OF  THE  SELLERS.  Each  of the  Buyers  and
     Oldcastle, jointly and severally, shall indemnify and hold harmless each of
     the Sellers and their Affiliates in respect of any and all claims,  losses,
     diminutions in value, damages, liabilities, and expenses (including without
     limitation  settlement costs, any legal or other expenses for investigating
     or  defending  any actions or  threatened  actions)  incurred by any of the
     Sellers  or  their  Affiliates  in  connection  with  each  and  all of the
     following  together  with interest on cash  disbursements  from the date of
     disbursement  by  any of the  Buyers  or  their  Affiliates  in  connection
     therewith at a fluctuating  interest rate that is at all times equal to the
     prime rate in effect  from time to time at Citibank  (or similar  financial
     institution)  in New York on  90-day  unsecured  loans to  substantial  and
     responsible customers:

                    (a) any misrepresentation  made by any of the Buyers in this
               Agreement  (including  any  SCHEDULEs or Exhibits  hereto) or any
               Ancillary  Document or breach of any  representation  or warranty
               contained herein or in any Ancillary  Document made by any of the
               Buyers;

                    (b) breach of any  covenant,  agreement or obligation of any
               of the  Buyers  contained  in  this  Agreement  or any  Ancillary
               Document;

                    (c) any liabilities or obligations (continuing or otherwise)
               arising from the failure of the Sellers to obtain the protections
               afforded  by   compliance   with  the   notification   and  other
               requirements of the bulk sales laws in force in the jurisdictions
               in which  such  laws may be  applicable  to  Staker,  the  Staker
               Operations,  the  Acquired  Staker  Assets  or  the  transactions
               contemplated hereby;

                                      -51-
<PAGE>

                    (d) any claims against or debts,  liabilities or obligations
               of any of the Buyers  relating to the Acquired  Staker  Assets or
               the Staker  Operations  not  specifically  assumed by the Sellers
               pursuant to this  Agreement,  whether known or unknown  including
               without limitation Buyer Excluded Liabilities;

                    (e) any and all Buyer Environmental Damages,  whether or not
               disclosed on SCHEDULEs  hereto or otherwise known by the Buyer or
               the Sellers;

                    (f)  any  and  all  taxes  and  assessments  by  any  taxing
               authority  imposed or assessed  after the Closing  Date for prior
               years  or  portions  thereof  due to  change  in  land  usage  or
               ownership  with respect to any Staker Real Property  occurring or
               accruing prior to the Closing Date;

                    (g)  claims  for   breaches  of  the   representations   and
               warranties contained in SECTION 5.6.1(a); and

                    (h) any claims against or debts,  liabilities or obligations
               relating to the operation by Buyers of the Acquired Assets or the
               Operations after the Closing Date.

          Notwithstanding  any other  provision of this SECTION  10.1.2,  Seller
     agrees that any claims, losses, diminutions in value, damages,  liabilities
     and   expenses   incurred  by  any  of  the  Sellers  for  which  it  seeks
     indemnification  pursuant to this SECTION 10.1.2 shall be calculated  after
     subtracting any insurance  proceeds net of premiums paid in respect of such
     insurance proceeds and any tax benefits received by Seller on account of or
     relating to such claim, losses,  diminution in value, damages,  liabilities
     and expenses.  In connection with any claim for indemnification made by any
     of the Sellers, for which the Buyers are obligated to indemnify the Sellers
     pursuant  to the terms of this  Agreement,  Buyers  shall be liable for all
     punitive  damages  claimed  against  or  assessed  against  the  Sellers in
     connection with any such claim; PROVIDED Buyers shall not be liable for any
     claims for punitive damages originated by the Sellers hereunder.

          10.2.  SURVIVAL.  Any  claim for  indemnification  shall  survive  the
     Closing,  but only for the periods of time set forth in this SECTION  10.2.
     Any claim for indemnification shall survive the applicable termination date
     if a party,  prior to such termination  date, shall have notified the other
     party  in  writing,   specifying  in  reasonable  detail,  the  facts  that
     constitute or may give rise to such claim,  the basis under this  Agreement
     for such claim and an estimate of the amount of such claim (which  estimate
     shall not be  binding).  Sellers  and Buyers  will have no  liability  (for
     indemnification or otherwise) with respect to any claim for indemnification
     unless the notice specified in the immediately  prior sentence is delivered
     to the Sellers or the Buyers,  as applicable on or prior to the  applicable
     termination date specified in this SECTION 10.2.

          10.2.1. GENERAL CLAIMS. Any claim for indemnification  hereunder other
     than a claim  referred to in SECTIONS  10.2.2 and 10.2.3 must be made on or
     prior to the third anniversary of the Closing Date.

          10.2.2.  ENVIRONMENTAL  CLAIMS. Any claim based upon the breach by any
     of the  Sellers  or Buyers  of any of its  representations,  warranties  or
     covenants relating to environmental matters ("Environmental Claims") may be
     made at any time prior to the fifth anniversary of the Closing Date.

                                      -52-
<PAGE>

          10.2.3.  CLAIMS BARRED ONLY BY THE APPLICABLE  STATUTE OF LIMITATIONS.
     Any claim  based upon (a) any  misrepresentation  with  respect to SECTIONS
     4.1, 4.2, 4.6.1, (except for 4.6.1(c) , (d) , (e), (f) , (g) , (h) and (i),
     4.6.2,  5.1, 5.2,  5.6.1  (except for 5.6.1(c),  (d), (e) (f), (g), (h) and
     (i)),  or  5.6.2  ("Proper  Authority   Claim");   (b)  any  fraudulent  or
     intentional  misrepresentation of any of the Sellers or Buyers contained in
     this  Agreement  or any other  agreement  executed by Buyers and Sellers in
     connection herewith, including any assessment by a taxing authority alleged
     to arise from a willful, false or fraudulent intent to evade taxes, or from
     any failure to file a return ("Fraud Claim"); (c) the failure of any of the
     Sellers  or Staker  to pay taxes for  periods  through  and  including  the
     Closing Date or from a misrepresentation of any of the Sellers with respect
     to SECTION 4.4 or Staker with respect to SECTION 5.4 ("Tax Claim"); (d) any
     claim made by Buyers  pursuant  to  SECTIONS  10.1.1(h),  (i) or (j) or any
     claim made by the Sellers pursuant to SECTION 10.1.2(h);  and (e) any claim
     by Buyers  with  respect to SECTION 6.1  (provided  that such claims do not
     arise out of  Buyers'  failure to fulfill  their  obligations  to hire four
     employees of the Seller  pursuant to SECTION 6.2), may be made until barred
     by the applicable statute of limitations.

          10.2.4.  MAXIMUM  AMOUNT.  None of the  Sellers  or  Buyers  shall  be
     permitted  to enforce any claims for  indemnification  pursuant to SECTIONS
     10.1.1(a),  10.1.1(e),  10.1.2(a)  or 10.1.2(e)  (but not to include  Fraud
     Claims or Proper Authority  Claims,  none of which shall be subject to this
     limitation) (each a "Limited Indemnity Claim"),  until the aggregate of all
     Limited  Indemnity  Claims due to the  Sellers  collectively  or the Buyers
     collectively,  as  the  case  may  be,  exceeds  $200,000  (the  "Threshold
     Amount").  Once the aggregate of Limited  Indemnity Claims in excess of the
     Threshold  Amount have been asserted by the Buyers  collectively  or by the
     Sellers collectively,  all Limited Indemnity Claims,  including those below
     the  Threshold  Amount,  may be pursued  unless  otherwise  limited by this
     Agreement.

               10.2.4.1. The Buyers shall not be permitted to enforce any claims
          for  indemnification  in excess of the aggregate amount of $10,000,000
          arising under:

                    (a)  SECTION  10.1.1(a),   SECTION  10.1.1(c),  and  SECTION
               10.1.1(h);

                    (b) SECTION 10.1.1(b),  but only to the extent such breaches
               of covenants, obligations and agreements are by their terms to be
               performed at or prior to the Closing;

                    (c)   SECTION   10.1.1(e),    notwithstanding    that   such
               Environmental Damages are Excluded Liabilities; and

                    (d) any other claim not set forth in 10.2.4.2.

               10.2.4.2.  Notwithstanding  SECTION 10.2.4.1, the Buyers shall be
          permitted  to enforce  any claims for  indemnification  without  limit
          arising under:

                    (a)  SECTION  10.1.1(d),  except  for  Excluded  Liabilities
               described in SECTION 2.2(d) and 10.1.1(e);

                    (b) SECTION 10.1.1(f);

                                      -53-
<PAGE>

                    (c)  SECTION  10.1.1(b)  to  the  extent  such  breaches  of
               covenants,  obligations  and  agreements are by their terms to be
               performed after the Closing;

                    (d) SECTION 10.1.1(i); and

                    (e) SECTION 10.1.1(j).

               10.2.4.3.  Notwithstanding  the foregoing  SECTIONS  10.2.4.1 and
          10.2.4.2,  the Buyers shall not be permitted to enforce any claims for
          indemnification arising from a breach of the representation  contained
          in SECTION 4.6.1(k) in excess of $5,000,000,  and the dollar amount of
          any  claim  made  with  respect  to a breach  of such  representation.
          SECTION  4.6.1(k)  shall  also  count  toward  and be  subject  to the
          $10,000,000  limit on certain claims of the Buyers pursuant to SECTION
          10.2.4.1.

               10.2.4.4.  The  Sellers  shall not be  permitted  to enforce  any
          claims  for  indemnification  in  excess  of the  aggregate  amount of
          $2,000,000 arising under:

                         (a) SECTION 10.1.2(a),  SECTION 10.1.2(c),  and SECTION
                    10.1.2(g);

                         (b)  SECTION  10.1.2(b)  but  only to the  extent  such
                    breaches of covenants,  obligations  and  agreements  are by
                    their terms to be performed at or prior to the Closing;

                         (c) SECTION 10.1.2(e),  notwithstanding that such Buyer
                    Environmental  Damages are Excluded Buyer  Liabilities.  For
                    avoidance   of  doubt,   Sellers   are  not   assuming   any
                    environmental  obligations of the Buyers with respect to the
                    Acquired Buyer Assets relating to periods on or prior to the
                    Closing; and

                         (d) any other claim not set forth in SECTION 10.2.4.5.

               10.2.4.5.  Notwithstanding SECTION 10.2.4.4, the Sellers shall be
          permitted  to enforce  any claims for  indemnification  without  limit
          arising under:

                         (a)  SECTION  10.1.2(d),   except  for  Excluded  Buyer
                    Liabilities   described  in  SECTION   2.2A(d)  and  SECTION
                    10.1.2(e);

                         (b) SECTION 10.1.2(f);

                         (c) SECTION  10.1.2(b)  to the extent such  breaches of
                    covenants,  obligations and agreements are by their terms to
                    be performed after the Closing; and

                         (d) SECTION 10.1.2(h).

               10.3.  DEFENSE BY THE INDEMNIFYING  PARTY. In connection with any
          claim giving rise to indemnity hereunder resulting from or arising out
          of  any  claim  or  legal  proceeding  by  a  person  other  than  the
          indemnified party, the indemnifying party at its sole cost and expense
          may,  upon written  notice to the  indemnified  party  received by the
          indemnified party within

                                      -54-
<PAGE>

          10 calendar days after the  indemnifying  party's receipt of notice of
          such claim,  assume the defense of any such claim or legal  proceeding
          provided that the  indemnifying  party  acknowledges its obligation to
          indemnify the indemnified party in respect of the entire amount of the
          claims asserted therein. If the indemnifying party assumes the defense
          of any such claim or legal  proceeding,  the indemnifying  party shall
          select  counsel  reasonably  acceptable  to the  indemnified  party to
          conduct  the defense of such  claims or legal  proceedings  and at its
          sole cost and expense shall take all steps necessary in the defense or
          settlement  thereof.  The  indemnifying  party  shall not consent to a
          settlement  of, or the entry of any judgment  arising  from,  any such
          claim or legal  proceeding,  without the prior written  consent of the
          indemnified  party (which consent shall not be unreasonably  withheld)
          unless the  indemnifying  party  admits in writing its  liability  and
          agrees to hold the  indemnified  party  harmless  from and against any
          losses,  damages,   expenses  and  liabilities  arising  out  of  such
          settlement and  concurrently  with such  settlement  the  indemnifying
          party pays into court the full amount of all losses, damages, expenses
          and  liabilities  to be paid by the  indemnifying  party in connection
          with such settlement.

               The  indemnified  party shall be entitled to  participate in (but
          not control) the defense of any such action,  with its own counsel and
          at its own expense  and shall be  entitled to any and all  information
          and documentation relating thereto. If the indemnifying party does not
          assume (or  continue to  diligently  and  competently  prosecute)  the
          defense  of any  such  claim  or  litigation  resulting  therefrom  in
          accordance  with the terms hereof,  the  indemnified  party may defend
          against  such  claim  or  litigation  in such  manner  as it may  deem
          appropriate  (and the  indemnifying  party may  participate at its own
          expense),  including,  but not  limited  to,  settling  such  claim or
          litigation,  after giving notice of the same to the indemnifying party
          but such  settlement  shall  not be made  without  the  prior  written
          consent  of  the  indemnifying   party  (which  consent  will  not  be
          unreasonably  withheld)  unless the indemnified  party agrees that the
          indemnifying party is not liable for such claim under this Agreement.

               10.4.  NOTICE.  The parties hereto agree that in the event of any
          occurrence  which  may give  rise to a claim by an  indemnified  party
          hereunder the indemnified party will give prompt notice thereof to the
          indemnifying party; provided, however, that failure to timely give the
          notice  provided  in  this  SECTION  shall  not  be a  defense  to the
          liability  of  the   indemnifying   party  for  such  claim,  but  the
          indemnifying  party may recover any actual  damages  arising  from the
          indemnified party's failure to give such timely notice.

               10.5. WAIVER. The indemnified party agrees that it will not waive
          any  statute  of  limitations  or  defense  that  would  increase  the
          liability  of the  indemnifying  party  hereunder  without  (except in
          connection with pending litigation in which the indemnifying party has
          not assumed the defense) the consent of the indemnifying party.

     11. MISCELLANEOUS PROVISIONS.

               11.1.   JURISDICTION;   Agent  for  Service.   Legal  proceedings
          commenced  by any of the  Sellers or the Buyers  arising out of any of
          the  transactions or obligations  contemplated by this Agreement shall
          be brought  exclusively  in the federal  courts,  or in the absence of
          federal  jurisdiction in state courts,  in either case in the State of
          Utah.   The  Buyers   and  each  of  the   Sellers   irrevocably   and
          unconditionally submit to the jurisdiction of such courts and agree to
          take any and all future action necessary to submit to the jurisdiction
          of such courts.  The Buyers and each

                                      -55-
<PAGE>

          of the Sellers  irrevocably  waive any objection that they now have or
          hereafter  may have to the  laying  of venue of any  suit,  action  or
          proceeding brought in any such court and further irrevocably waive any
          claim that any such  suit,  action or  proceeding  brought in any such
          court  has been  brought  in an  inconvenient  forum.  Final  judgment
          against  any of the  Buyers  or  Sellers  in any  such  suit  shall be
          conclusive and may be enforced in other  jurisdictions  by suit on the
          judgment,  a  certified  or true  copy of which  shall  be  conclusive
          evidence of the fact and the amount of any  indebtedness  or liability
          of any of the Buyers or Sellers therein  described,  or by appropriate
          proceedings under any applicable treaty or otherwise.

               11.2.  CONSTRUCTION.   This  Agreement  shall  be  construed  and
          enforced in  accordance  with and governed by the internal laws of the
          State of Utah.

               11.3.  NOTICES.   All  notices,   requests,   demands  and  other
          communications  called  for  or  contemplated  hereunder  shall  be in
          writing and shall be deemed to have been duly given when  delivered to
          the party to whom  addressed or when sent by  telegram,  telex or wire
          (if promptly confirmed by registered or certified mail, return receipt
          requested,  prepaid and addressed) to the parties, their successors in
          interest,  or their assignees at the following  addresses,  or at such
          other  addresses as the parties may designate by written notice in the
          manner aforesaid:

          If to the Buyers:         Staker Paving & Construction, Inc.
                                    100 West Center Street
                                    North Salt Lake City, Utah  84054
                                    Attention:  S. Val Staker

                                    Fax: (801) 298-5210

          and:                      Jack B. Parson Companies
                                    2350 South, 1900 West
                                    Ogden, Utah 84401
                                    Attention:  Rocky Woodruff

                                    Fax: (801) 732-4084

          With copies to:           Oldcastle, Inc.
                                    3333 K Street, N.W.
                                    Suite 405
                                    Washington, DC 20007
                                    Attention:  Glenn Culpepper

                                    Fax: (202) 625-2153

                                      -56-
<PAGE>

                                    Gibson, Dunn & Crutcher, LLP
                                    200 Park Avenue
                                    New York, New York  10166
                                    Attention:  Scott A. Kislin, Esq.

                                    Tel:     (212) 351-4000
                                    Fax:     (212) 351-4035

          If to the Sellers:        U.S. Aggregates, Inc.
                                    4200 Colonnade Parkway, Suite 100
                                    Birmingham, Alabama  35243
                                    Attention:  Morris Bishop, President

                                    Tel:     (205) 970-2400
                                    Fax:     (205) 970-2448

          With a copy to:           Baker, Donelson, Bearman & Caldwell
                                    1800 Republic Centre
                                    633 Chestnut Street
                                    Chattanooga, Tennessee  37450-1800
                                    Attention:  Louann P. Smith, Esq.

                                    Tel:     (423) 756-2010
                                    Fax:     (423) 756-3447

               11.4.  PAYMENT OF  EXPENSES.  Except for real  property  transfer
          taxes,  the Sellers shall pay any and all taxes due by Sellers arising
          out of the  acquisition  of the  Operations.  Except for Real Property
          transfer  taxes,  the Buyers shall pay any and all taxes due by Buyers
          arising out of the  acquisition  of the Staker  Operations.  Transfer,
          mortgage conveyance and recording taxes payable in connection with the
          transfer of the real  property and the Staker Real  Property  shall be
          paid in accordance  with the  Settlement  Sheet attached as EXHIBIT A.
          Survey  costs  with  respect  to the  Real  Property  shall be paid in
          accordance  with the  Settlement  Sheet  attached as Exhibit A. Survey
          costs  with  respect  to the  Staker  Real  Property  shall be paid in
          accordance with the Settlement Sheet attached as SCHEDULE A. Except as
          expressly  provided to the  contrary,  the Buyers shall bear their own
          costs and  expenses  and the  Sellers  shall  bear their own costs and
          expenses  (including,  without  limitation,  legal fees and  expenses)
          incurred in  negotiating,  closing and carrying  out the  transactions
          contemplated by this  Agreement.  Real estate,  business  property and
          personal property taxes,  rentals,  payments,  receipts and other fees
          and costs relating to the use of the Acquired Assets shall be prorated
          between the Sellers and the Buyers as of the Closing Date.

               11.5.  ASSIGNMENT.  Neither this Agreement nor any right, remedy,
          obligation or liability  arising hereunder or by reason hereof nor any
          of the documents  executed in  connection  herewith may be assigned by
          any party without the consent of the other parties  hereto except that
          each of the  Buyers  shall  have the right to assign all of its rights
          and  obligations  under  this  Agreement  to  any  affiliate  if  such
          transferee   corporation   agrees  to  assume  all  of  such   Buyer's

                                      -57-
<PAGE>

          obligations  under this  Agreement,  provided that such transfer shall
          not  discharge  such Buyer  from its  obligation  herewith  unless the
          Sellers  consent  to  such  discharge,  which  consent  shall  not  be
          unreasonably withheld. Nothing contained herein, expressed or implied,
          is intended to confer upon any person or entity other than the parties
          hereto and their  successors in interest and  permitted  assignees any
          rights or  remedies  under or by reason  of this  Agreement  unless so
          stated herein to the contrary.

               11.6.  AMENDMENTS AND WAIVER. This Agreement and all exhibits and
          SCHEDULEs hereto set forth the entire understanding of the parties and
          may be modified  only by a written  instrument  duly  executed by each
          party. Except as herein expressly provided to the contrary,  no breach
          of any covenant, agreement, warranty or representation shall be deemed
          waived  unless  expressly  waived  in  writing  by the party who might
          assert such breach.

               11.7.  SURVIVAL.  The  covenants,   agreements,   warranties  and
          representations  entered  into or  made  pursuant  to this  Agreement,
          irrespective of any  investigation  made by or on behalf of any party,
          shall be  continuing  and shall  survive the Closing Date for a period
          through and  including the  applicable  last day upon which the Buyers
          may seek  indemnification  for a breach of such  covenant,  agreement,
          warranty or representation under SECTION 10.

               11.8. COUNTERPARTS. This Agreement may be executed in one or more
          counterparts,  each of which shall be deemed an  original,  and all of
          which together shall constitute one and the same instrument.

               11.9.  HEADINGS.  Headings in this  Agreement  are for  reference
          purposes only and shall not be deemed to have any substantive effect.

               11.10.   ATTORNEYS'  FEES.  In  the  event  that  any  action  or
          proceeding,  including  arbitration,  is commenced by any party hereto
          for the purpose of  enforcing  any  provision of this  Agreement,  the
          parties to such action,  proceeding or arbitration may receive as part
          of any award,  judgment,  decision or other resolution of such action,
          proceeding or arbitration  their costs and reasonable  attorneys' fees
          as  determined  by the person or body  making  such  award,  judgment,
          decision or resolution. Should any claim hereunder be settled short of
          the   commencement  of  any  such  action  or  proceeding,   including
          arbitration,  the  parties in such  settlement  shall be  entitled  to
          include  as  part  of  the  damages  alleged  to  have  been  incurred
          reasonable costs of attorneys or other  professionals in investigating
          or counseling on such claim.

               11.11.  BINDING  NATURE  OF  AGREEMENT.  All  of  the  terms  and
          provisions  of this  Agreement  shall be binding upon and inure to the
          benefit of the parties hereto and their respective  executors,  heirs,
          legal representations, successors and permitted assigns.

               11.12.  SEVERABILITY.  Any provision of this  Agreement  which is
          invalid, illegal or unenforceable in any jurisdiction will, as to that
          jurisdiction,  be  ineffective  to  the  extent  of  such  invalidity,
          illegality,  or  unenforceability,  without  affecting  in any way the
          remaining  provisions hereof in such jurisdiction or rendering that or
          any  other   provision   of  this   Agreement   invalid,   illegal  or
          unenforceable in any other jurisdiction.

               11.13.  SPECIFIC  PERFORMANCE.  Each of the parties  acknowledges
          that the Acquired  Assets and the Operations  and the Acquired  Staker
          Assets and Staker Operations covered hereby

                                      -58-
<PAGE>

          are unique and that the parties  will have no  adequate  remedy at law
          and may suffer  irreparable  damage if any party breaches any covenant
          contained  herein or fail to perform  any of their  obligations  under
          this Agreement. Accordingly, each of the parties agrees that the other
          party shall have the right,  in addition to any other  rights which it
          may have, to specific  performance and equitable  injunctive relief if
          any of the other  party  shall fail or threaten to fail to perform any
          of their obligations under this Agreement.

               11.14.  COMPLETE  AGREEMENT.  This  Agreement,  the  Exhibits and
          SCHEDULEs  hereto  and  the  documents  delivered  or to be  delivered
          pursuant  to  this  Agreement  contain  or  will  contain  the  entire
          agreement  between the parties hereto with respect to the transactions
          contemplated  herein and shall supersede all previous oral and written
          and  all   contemporaneous   oral   negotiations,   commitments,   and
          understandings.  The SCHEDULEs and Exhibits hereto are incorporated by
          reference.

               11.15. KNOWLEDGE OF THE SELLERS AND THE BUYERS.

                    (a)  With  respect  to  any   representation,   warranty  or
               statement  contained  in  this  Agreement  which  is  made to the
               knowledge  of the  Sellers  or the best of the  knowledge  of the
               Sellers or to the best knowledge of the Sellers,  it is expressly
               understood  and agreed  that such  knowledge  shall  include  the
               knowledge of Morris Bishop,  Hobart Richey,  Bart Smith (CFO) and
               the President, chief financial officer and chief legal officer of
               each of the Sellers (with  respect to such Seller)  (collectively
               called the "Executive Officers"), after due inquiry.

                    (b)  With  respect  to  any  representations,   warranty  or
               statement  contained  in  this  Agreement  which  is  made to the
               knowledge of the Buyers,  it is expressly  understood  and agreed
               that such knowledge  shall include the knowledge of S. Val Staker
               and Rocky  Woodruff  (collectively  called the  "Buyer  Executive
               Officers"), after due inquiry.

               12.   DRAFTING   PRESUMPTION.   Both  parties   agree  that  they
          participated  in the drafting of this Agreement and, in the event that
          any  dispute  arises in the  interpretation  or  construction  of this
          Agreement,  no  presumption  shall  arise that either one party or the
          other drafted this Agreement.

            (The remainder of this page is left blank intentionally)

                                      -59-
<PAGE>

         IN WITNESS WHEREOF,  the parties hereto have executed this Agreement on
the date first written above.

                                      STAKER PAVING AND CONSTRUCTION, INC.
                                      a Utah corporation

                                      By:      /s/
                                               --------------------------------
                                               Name:
                                               Title:

                                      JACK B. PARSON COMPANIES
                                      a Utah corporation

                                      By:      /s/
                                               --------------------------------
                                               Name:
                                               Title:

                                      OLDCASTLE MATERIALS, INC.
                                      a Delaware corporation

                                      By:      /s/
                                               --------------------------------
                                               Name:
                                               Title:

                                      VALLEY MATERIALS, INC.
                                      a Utah corporation

                                      By:      /s/
                                               --------------------------------
                                               Name:
                                               Title:

                                      -60-
<PAGE>

                                     GEODYNE BECK ROCK PRODUCTS, INC.
                                     a Utah corporation

                                      By:      /s/
                                               --------------------------------
                                               Name:
                                               Title:

                                     EAGLE VALLEY MATERIALS, INC.
                                     a Utah corporation

                                      By:      /s/
                                               --------------------------------
                                               Name:
                                               Title:

                                     MONROC, INC.
                                     a Delaware corporation

                                      By:      /s/
                                               --------------------------------
                                               Name:
                                               Title:

                                     U.S. AGGREGATES, INC.
                                     a Delaware corporation

                                      By:      /s/
                                               --------------------------------
                                               Name:
                                               Title:

                                      -61-
<PAGE>

                                   SCHEDULE A

<TABLE>
<CAPTION>
==================================================================================================
                 PARCEL                                    TYPE OF FACILITY
--------------------------------------------------------------------------------------------------
<S>              <C>                                      <C>
                 GEODYNE BECK ROCK PRODUCTS, INC.

         1.      [Reserved]

         2.      Site 26 (Falcon Ridge Hot Plant)          Asphalt Plant (adjacent to Falcon Ridge
                 1616 North Beck Street                    limestone quarry)
                 Salt Lake City, Utah
                 (Salt Lake County)

         3.      Site 25A (Falcon Ridge Quarry)            Stockpile area
                 1080 N. Victory Road
                 Salt Lake City, Utah
                 (Salt Lake County)

                 Site 25B (Falcon Ridge Quarry)            Falcon Ridge limestone quarry (30 acres)
                 1050 N. Victory Road
                 Salt Lake City, Utah
                 (Salt Lake County)

                 Site 25C (Falcon Ridge Quarry)            Falcon Ridge limestone quarry (18 acres)
                 N. Victory Road
                 Salt Lake City, Utah
                 (Salt Lake County)

                 MONROC, INC.

         4.      Site 30                                   Ready mix plant
                 Bacchus Pit No. 2
                 6420 So. Highway 111
                 Magna, Utah 84404

         5.      Site 32                                   Limestone quarry
                 1730 Beck Street
                 Salt Lake City, Utah 84116

                 Tri State Lab                             Lab
                 1710 North Beck Street
                 Salt Lake City, Utah 84116

         6.      Site 38 (Heber)                           Ready mix plant
                 150 So. 16th West
                 Heber City, Utah
                 (Wasatch County)

         7.      Site 44 (Park City)                       Ready mix plant
                 4122 Atkinson Road
                 Park City, Utah 84060
                 (Summit County)

         8.      Site 47                                   Ready mix plant
                 Point of the Mountain
                 Draper, Utah
                 (Salt Lake County)

--------------------------------------------------------------------------------------------------
</TABLE>

                                   Schedule A
                                      -1-
<PAGE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------
<S>              <C>                                      <C>
         9.      Site 90 (Lehi)                            Ready mix plant
                 12428 West S.R. 73
                 Lehi, Utah 84043
                 (Utah County)

                 VALLEY ASPHALT, INC.

         10.     Site 91 (Leland)                          Ready mix plant
                 Leland Yard
                 1172 South Del Monte Road
                 Spanish Fork, Utah
                 (Utah County)

         11.     Tooele (no site number)                   Pit

--------------------------------------------------------------------------------------------------
</TABLE>

                                   Schedule A
                                      -2-

<PAGE>

                                   SCHEDULE B

<TABLE>
<CAPTION>
==================================================================================================
                PARCEL                                    TYPE OF FACILITY
--------------------------------------------------------------------------------------------------
        <S>     <C>                                       <C>
                Staker Paving and Construction

         1.     Keigley Quarry                            Quarry with conditional use permit for
                                                          asphalt plan.

         2.     Point of the Mountain                     Pit.

--------------------------------------------------------------------------------------------------
</TABLE>

                                   Schedule B
                                      -1-
<PAGE>
              SCHEDULES TO AGREEMENT OF PURCHASE AND SALE OF ASSETS

                                  BY AND AMONG

                            JACK B. PARSON COMPANIES
                  STAKER PAVING AND CONSTRUCTION COMPANY, INC.

                                 AS THE BUYERS,

                              VALLEY ASPHALT, INC.
                        GEODYNE BECK ROCK PRODUCTS, INC.
                           EAGLE VALLEY MATERIALS INC.
                                  MONROC, INC.
                            WESTERN AGGREGATES, INC.

                                 AS THE SELLERS

                                       AND

                              U.S. AGGREGATES, INC.
                            OLDCASTLE MATERIALS, INC.
<PAGE>

                       SCHEDULE 1.1 PERMITTED ENCUMBRANCES

HEBER CITY
----------

1.   Taxes for the year 2001 which are a lien, but are not yet due or payable.

2.   Said property is included  within the  boundaries  of Heber Valley  Special
     Service District,  Wasatch County Fire Protection District,  Wasatch County
     Water District #1, and Wasatch County Special Service  District #21, and is
     subject to the charges and assessments thereof (Charges are current).

3.   Said  property  is included  within the  boundaries  of Heber City,  and is
     subject to the charges and easements thereof. (Charges are current).

4.   Any and all  outstanding  oil and gas,  mining and  mineral  rights,  etc.,
     together with the right of the  proprietor of a vein or lode to extract his
     ore  therefrom  should  the same be found to  penetrate  or  intersect  the
     premises, and the right of ingress and egress for the use of said rights.

5.   Recital as found in Right of Way Deed from  Investors  Group Inc., to State
     Road  Commission of Utah,  Recorded April 30, 1962, as Entry No. 83133,  in
     Book 42, at Page 442, of Official  Records.  The grantors also hereby grant
     to the grantee permission to located and construct within the grantors land
     and outside the limits of the highway  right of way all  irrigation  and/or
     waste water  ditches made  necessary by the  construction  of said project.
     After  the  above  described  ditches  are  constructed,   the  grantee  is
     thereafter  relieved  of all  responsibility  for the  maintenance  of said
     ditches.

6.   Subject to and  together  with a  right-of-way  for  access to Monroc  Inc.
     property,  through and across the Heber Creeper  trackage  property  within
     Wasatch Mountain State Park.

7.   Any rights,  interests, or claims which may exist or arise by reason of the
     following fact(s) shown on a survey plat entitled "Utah Gravel, Heber City,
     Utah", dated March 28, 2001, prepared by International Land Services, Inc.,
     Bradley D. Daley LS No. 259684.

         a. Deed overlap with adjoining  property
         b. Variation  of  fencelines  from deed lines
         c. Deed  encroachment  along the southerly property line

                                       2
<PAGE>

BACCHUS 2

1.   Taxes for the year 2001 which are a lien, but are not yet due or payable.

2.   Said property is included within the boundaries of West Valley City, and is
     subject to the charges  and  assessments  thereof.  (Charges  are  current.
     Affects a portion of said property).

3.   Said  property  is included  within the  boundaries  of Kearns  Improvement
     District,  and is subject to the charges and assessments thereof.  (Charges
     are current. Affects a portion of said property).

4.   The terms and provisions of the "Farmland  Assessment Act of 1969" in Title
     59, Chapter 2, Part 5 of the Utah Code, and amendments  thereof,  disclosed
     by that certain  Application  for Taxation of Agricultural  Land,  recorded
     December 6, 1976,  as Entry No.  2883805,  in Book 4422,  at page 1060,  of
     Official  Records,  which,  in part,  provides  for the  right of Salt Lake
     County to reassess said property for previous  years and the  collection of
     additional taxes resulting from any such reassessment.

5.   Any special  assessments  due or to become due for Salt Lake County Service
     Area No. 1, as disclosed by that certain  Resolution  recorded December 30,
     1993,  as Entry No.  5699874,  in Book  6841,  at page  1030,  of  Official
     Records.

6.   The following  reservations contained in that certain Patent recorded March
     23,  1883 in Book V, at page 309,  and also that  certain  patent  recorded
     November 28, 1903, as Entry No. 176136, in Book 5-U, of Deeds, at page 582,
     of Official Records, to wit:

     Subject to any vested and accrued  water  rights for mining,  agricultural,
     manufacturing or other purposes and rights to ditches and reservoir used in
     connection with such water rights as may be recognized, and acknowledged by
     the local  customs,  laws,  and decisions of Courts and also subject to the
     right of the  proprietor  of a vein or lode to  extract  and remove his ore
     therefrom,  should the same be found to penetrate or intersect the premises
     hereby granted as provided by law.

7.   Any easements or right of way of the public to use all such highways as may
     have been established according to law, as disclosed by that certain patent
     recorded  May 14,  1910,  in Book 7-E of Deeds,  at page 334,  of  Official
     Records.

8.   A perpetual  right of way for  highway  purposes in favor of the State Road
     Commission  of Utah by  instrument  recorded  March 16, 1943,  as Entry No.
     947735, in Book 338, at page 348, of Official  Records,  through and across
     the following  Right of Way for highway known as FAS Project No. 228 across
     the  grantors  land is Lot 1,  Block 1,  SALT LAKE  VIEW  ADDITION,  in the
     Southeast quarter of the Northwest quarter of Section 22, Township 2 South,
     Range 2 West,  Salt Lake  Meridian.  Said right of way is a parcel of land,
     the boundaries of which are described as follows:

     BEGINNING  at the  Southeast  corner of said Lot 1;  thence  North 22 feet;
     thence West 88 feet, more or less; along the North line of said Lot 1, to a
     point 75 feet,

                                       3
<PAGE>

     radially  distant  Southwesterly  from the  center  line of  survey of said
     project;  thence  Southeasterly  23 feet, more or less,  along the arc of a
     5654.7  foot  radius  curve to the right to the  South  line of said Lot 1;
     thence East 82 feet,  more or less, to the point of BEGINNING,  as shown on
     the  Official  Map of said  project on file in the Office of the State Road
     Commission of Utah. In executing  this Deed,  the grantor  hereby grants to
     the State Road  Commission of Utah  permission to relocate and  reconstruct
     within the  grantors  land and  outside  the limits of the above  described
     right of way, all irrigation  ditches  existing within said limits of above
     described right of way.

9.   A perpetual  right of way for  highway  purposes in favor of THE STATE ROAD
     COMMISSION  OF UTAH, by  instrument  recorded  March 16, 1943, as Entry No.
     947736, in Book 338, at page 349, of Official  Records,  through and across
     the following:

     Right of way for highway  known as FAS Project No. 228 across the  grantors
     land in Lots 28,  29 and 30,  Block 1,  SALT  LAKE  VIEW  ADDITION,  in the
     Southeast quarter of the Northwest quarter of Section 22, Township 2 South,
     Range 2 West,  Salt Lake  Meridian.  Said right of way is a parcel of land,
     the boundaries of which are described as follows:

     BEGINNING  at the  Southeast  corner of said Lot 30;  thence North 75 feet;
     thence West 112 feet, more or less, along the North line of said Lot 28, to
     a point 75 feet  radially  distant  Southwesterly  from the center  line of
     survey of said project;  thence  Southeasterly 78 feet, more or less, along
     the arc of a 5654.7  foot radius  curve to the right,  to the South line of
     said Lot 30; thence East 88 feet,  more or less, to the point of BEGINNING,
     as shown on the  Official  Map of said project on file in the Office of the
     State Road Commission of Utah.

In executing this Deed,  the grantor hereby grants to the STATE ROAD  COMMISSION
OF UTAH  permission  to relocate and  reconstruct  within the grantors  land and
outside the limits of the above described right of way, all irrigation  ditches,
existing within said limits of above described right of way.

10.  A perpetual  right of way for  highway  purposes in favor of THE STATE ROAD
     COMMISSION  OF UTAH by  instrument  recorded  March 16, 1943,  as Entry No.
     947737, in Book 338, at page 350, of Official  Records,  through and across
     the following:

     Right of Way for Highway known as FAS Project No. 228,  across the grantors
     land in Lots 26 and 27, Block 1, SALT LAKE VIEW ADDITION,  in the Southeast
     quarter of the Northwest  quarter of Section 22, Township 2 South,  Range 2
     West,  Salt  Lake  Meridian.  Said  right of way is a parcel  of land,  the
     boundaries of which are described as follows:

     BEGINNING  at the  Southeast  corner of said Lot 27;  thence North 50 feet;
     thence West 125 feet, more or less, along the North line of said Lot 26, to
     a point 75 feet  radially  distant  Southwesterly  from the center  line of
     survey of said project;  thence  Southeasterly 34 feet, more or less, along
     the arc of a 5654.7  foot  radius  curve to the right to the South  line of
     said Lot 27; thence East 112 feet, more or less, to the point of BEGINNING,
     as shown on the  Official  Map of said project on file in the office of the
     State Road Commission of Utah.

                                       4
<PAGE>

In executing this Deed,  the grantor hereby grants to the STATE ROAD  COMMISSION
OF UTAH  permission  to relocate and  reconstruct  within the grantors  land and
outside the limits of the above described  right of way, all irrigation  ditches
existing within said limits of above described right of way.

11.      A  perpetual  right of way for  highway  purposes in favor of THE STATE
         ROAD COMMISSION OF UTAH by instrument recorded March 16, 1943, as Entry
         No. 947738, in Book 338, at page 351, of Official Records,  through and
         across the following:

         Right of way for  highway  known as FAS  Project  No.  228  across  the
         grantors  land in Lots 17 to 25,  inclusive,  Block 1,  SALT  LAKE VIEW
         ADDITION,  in the Southeast quarter of the Northwest quarter of Section
         22, Township 2 South,  Range 2 West, Salt Lake Meridian.  Said right of
         way is a parcel  of land,  the  boundaries  of which are  described  as
         follows:

         Right of Way for  highway  known as FAS  Project  No.  228  across  the
         grantors  land in Lot 1,  Block 1,  SALT  LAKE  VIEW  ADDITION,  in the
         Southeast  quarter of the Northwest  quarter of Section 22,  Township 2
         South, Range 2 West, Salt Lake Meridian.  Said right of way is a parcel
         of land, the boundaries of which are described as follows:

         BEGINNING at the Southeast  corner of said Lot 1; thence North 22 feet;
         thence West 88 feet, more or less,  along the North line of said Lot 1,
         to a point 75 feet, radially distant Southwesterly from the center line
         of survey of said project;  thence Southeasterly 23 feet, more or less,
         along the arc of a 5654.7 foot  radius  curve to the right to the South
         line of said Lot 1; thence East 82 feet,  more or less, to the point of
         BEGINNING,  as shown on the Official Map of said project on file in the
         Office of the State Road Commission of Utah.

In executing this Deed,  the grantor hereby grants to THE STATE ROAD  COMMISSION
OF UTAH  permission  to relocate and  reconstruct  within the grantors  land and
outside the limits of the above described  right of way, all irrigation  ditches
existing within said limits of above described right of way.

12.      A  perpetual  right of way for  highway  purposes in favor of THE STATE
         ROAD COMMISSION OF UTAH by instrument recorded March 16, 1943, as Entry
         No. 947739, in Book 338, at page 3523, of Official Records, through and
         across the following:

         Right of way for  highway  known as FAS  Project  No.  228  across  the
         grantors  land in Lots 9 to 16,  inclusive,  Block 1,  SALT  LAKE  VIEW
         ADDITION,  in the Southeast quarter of the Northeast quarter of Section
         22, Township 2 South,  Range 2 West, Salt Lake Meridian.  Said right of
         way is a parcel  of land,  the  boundaries  of which are  described  as
         follows:

         BEGINNING at the Northeast  corner of said Lot 16; thence West 68 feet,
         more or less, to a point 75 feet to a point 75 feet,  radially  distant
         Southeasterly  201 feet,  more or less,  along the arc of a 5654.7 foot
         radius  curve to the  right to a point on the East  line of said Lot 9;
         thence  North 188 feet,  more or less,  to the point of

                                       5
<PAGE>

          beginning, as shown on the Official Map of said project on file in the
          office of the State Road Commission of Utah.

In executing this Deed,  the grantor hereby grants to THE STATE ROAD  COMMISSION
OF UTAH  permission  to relocate and  reconstruct  within the grantors  land and
outside  the limits of the above  described  right of way,  all  irrigation  and
ditches existing within said limits of above described right of way.

13.      A  perpetual  right of way for  highway  purposes in favor of THE STATE
         ROAD COMMISSION OF UTAH by instrument recorded March 16, 1943, as Entry
         No. 947740, in Book 338, at page 353, of Official Records,  through and
         across the following:

         BEGINNING  at the  Northwest  corner of said Lot 16;  thence  South 300
         feet, more or less,  along the North line of said Lot 28, to a point 75
         feet,  radially distant Westerly from the center line of survey of said
         project; thence Southeasterly 81 feet, more or less, along the arc of a
         5654.7 foot  radius  curve to the right to a point on the South line of
         said Lot 2; said point being also  approximately  30 feet East from the
         Southwest  corner of said Lot 2; thence East 136 feet, more or less, to
         a point 50 feet  radially  distant  Easterly  from said  center line of
         survey; thence Northwesterly 409 feet, more or less, along the arc of a
         5779.7 foot radius  curve to the left,  to a point on the North line of
         said Lot 16;  said  point  being  approximately  7 feet  East  from the
         Northwest corner of said Lot 16; thence West 5o the point of BEGINNING,
         as shown on the  official  map of said project on file in the Office of
         the State Road  Commission of Utah In executing  this Deed, the grantor
         hereby  grants to THE  STATE  ROAD  COMMISSION  OF UTAH  permission  to
         relocate  and  reconstruct  within the  grantors  land and  outside the
         limits of the above  described right of way, all irrigation and ditches
         existing within said limits of above described right of way.

14.      A  perpetual  right of way for  highway  purposes in favor of THE STATE
         ROAD COMMISSION OF UTAH by instrument recorded March 31, 1943, as Entry
         No. 948664, in Book 339, at page 552, of Official Records,  through and
         across the following:

         Right of Way for  highway  known as FAS  Project  No.  228  across  the
         grantors  land in the  Northeast  quarter of the  Southwest  quarter of
         Section 22, Township 2 South,  Range 2 West,  Salt Lake Meridian.  Said
         right of way is a parcel of land, the boundaries of which are described
         as follows:

         BEGINNING  at the  intersection  of the  East  boundary  line  of  said
         Northeast  quarter of the  Southwest  quarter  of  Section  22, and the
         Westerly  right of way line of said  project,  which  point is 75 feet,
         radially distant  Southwesterly  from the center line of survey of said
         project at approximate Engineer's Station 236+55, said point being also
         2230 feet,  more or less,  North  along the East  boundary  line of the
         Southwest  quarter of Section 22 from the South quarter  corner of said
         Section  22;  thence  North 452  feet,  more or less,  along  said East
         boundary line to the Northeast corner of said Northeast  quarter of the
         Southwest  quarter of Section 22;  thence West 114 feet,  more or less,
         along  the  North  boundary  line  of  said  Northeast  quarter  of the
         Southwest  quarter to said Westerly right of way line; thence Southerly
         along the arc of a 5654.7 foot  radius  curve to the right to the

                                       6
<PAGE>

          point of  BEGINNING,  as shown on the  Official Map of said project on
          file in the office of the State Road Commission of Utah.

In executing this Deed,  the grantor hereby grants to THE STATE ROAD  COMMISSION
OF UTAH  permission  to relocate and  reconstruct  within the grantors  land and
outside  the limits of the above  described  right of way,  all  irrigation  and
ditches existing within said limits of above described right of way.

15.      EASEMENT AND CONDITIONS CONTAINED THEREIN:

         Grantee:  UTAH POWER AND LIGHT COMPANY.
         Location:  BEGINNING at a fence on the South boundary line of Grantor's
         land at a point 30 feet  West,  more or less,  form the  South  quarter
         corner of Section 22,  Township 2 South,  Range 2 West,  Salt Lake Base
         and Meridian;  thence North 5` 54' East 815 feet;  thence North 36` 31'
         West 3960 feet,  more or less, to North  boundary line of said land and
         being in the East  one-half of the  Southwest  quarter of the Southwest
         quarter of the Southeast  quarter of the Northwest quarter of Blocks 5,
         19, 20, 30 and 31, of SALT LAKE VIEW ADDITION in the Southwest  quarter
         of the Northeast quarter of said Section 22.

         Purpose:   To  construct,   operate,   maintain  and  repair   electric
         transmission  and/or  distribution  system,  under, upon and across the
         above.

         Recorded: January 14, 1955.
         Entry No.: 1408153.
         Book/Page: 1161/21.

16.      EASEMENT AND CONDITIONS CONTAINED THEREIN:

         Grantee:  UTAH POWER AND LIGHT COMPANY
         Location: BEGINNING at the East boundary fence of the Grantor's land at
         a point 7 feet South,  more or less,  from the North quarter  corner of
         Section 27, Township 2 South, Range 2 West, Salt Lake Meridian;  thence
         North 82` 20' West 29.2 feet;  thence  South 89` 20' West 2023.0  feet;
         thence  North  85` 17' West  1157.8  feet on said land and being in the
         North  one-half of the  Northwest  quarter of said  Section 27; and the
         Southeast  quarter of the  Southwest  quarter of Section 22; and in the
         Southeast  quarter of the Southeast quarter of Section 21, Township and
         Range aforesaid.

         Purpose:   To  construct,   operate,   maintain  and  repair   electric
         transmission  and/or  distribution  system,  under, upon and across the
         above.

         Recorded: May 29, 1984.
         Entry No.: 3922219.
         Book/Page: 5342/1747.

17.      Notice dated September 28, 1987, recorded September 28, 1987,  as Entry
         No.  4528677,  in Book 5965,  at Page 1175,  which  recites in  part as
         follows:

         "Notice is hereby given that real property  located  within the 0.2 and
         greater  overpressure  area as defined in Section 15.14.010 of the Salt
         Lake County Code of  Ordinances,  1986, is subject to the  construction
         standards and glass

                                       7
<PAGE>

         requirements  set forth in  Chapter  15.14 of the Salt Lake County Code
         of Ordinances".

18.      Easement for an underground  well and  appurtenances as the same may be
         found to  intersect  the herein  described  land as  disclosed  by that
         certain  Certificate of Beneficial  Use recorded  November 18, 1992, as
         Entry No. 5375806, in Book 6557, at page 1505, of Official Records.

19.      Any claim for loss or damage crated by variation of the  description to
         be  insured  from  deeds of record  including  but not  limited  to the
         Westerly line being aligned with existing fences.

20.      Any rights,   interests,  or claims which may exist or arise by reason
         of the following  fact(s) shown on a survey plat entitled "Utah Gravel,
         Magna,  Utah",  dated  March 28 2001,  prepared by  International  Land
         Services, Inc., Bradley D. Daley LS No. 259684:

         a.       Variation of fencelines from the deed lines
         b.       Failure to disclose adjoining deeds of record.

FALCON RIDGE QUARRY (1020 NORTH VICTORY ROAD)

     1.   Taxes  for the  year  2001  which  are a lien,  but are not yet due or
          payable.

     2.   Said property is included within the boundaries of Salt Lake City, and
          is  subject to the  charges  and  assessments  thereof.  (Charges  are
          current).

     3.   EASEMENT AND CONDITIONS CONTAINED THEREIN:

         Grantee:  AMERICAN TELEPHONE AND TELEGRAPH COMPANY
         Location:  Beginning on the East line of said property at a point South
         111.5 rods more or less and West 80 rods from the  Northeast  corner of
         said Section 25,  thence South  1(degree)26'50"  West 172 feet;  thence
         Southerly  along a curve to the left  having  radius of  341.24  feet a
         distance  of 198 feet more or less to the South  line of said  property
         Purpose:   To  construct,   operate,   maintain  and  repair   electric
         transmission  and/or  distribution  system,  under, upon and across the
         above.
         Dated: April 15, 1958
         Recorded: May 26, 1958
         Entry No.: 1592916
         Book/Page: 1507/170
         (Affects Parcel 2)

     4.   RESERVATION OF EASEMENT AND CONDITIONS CONTAINED THEREIN:

         Grantor:  Utah Lime and Cement Company
         Grantee:  Covey Oil Company
         Location:  See document
         Purpose:  Road way for  ingress  and egress,  and  incidental  purposes
         Recorded:  November  14, 1960

                                       8
<PAGE>

         Entry No.:  1746366  Book/Page:  1757/267
         (Affects Parcel 3)

5.       EASEMENT AND CONDITIONS CONTAINED THEREIN:

         Grantor:  COVEY OIL COMPANY
         Grantee:  UTAH POWER AND LIGHT COMPANY
         Location:  See document
         Purpose:   To  construct,   operate,   maintain  and  repair   electric
         transmission  and/or  distribution  system,  under, upon and across the
         above.
         Dated:  October 26, 1964
         Recorded:  12091964
         Entry No.:  2046574
         Book/Page:  2269/81
         (Affects Parcel 3)

6.       EASEMENT AND CONDITIONS CONTAINED THEREIN:

         Grantor:  COVEY OIL COMPANY
         Grantee:  UTAH POWER AND LIGHT COMPANY
         Location:  See document
         Purpose:   To  construct,   operate,   maintain  and  repair   electric
         transmission  and/or  distribution  system,  under, upon and across the
         above.
         Dated:  June 25, 1965  Recorded:  September 1, 1965 Entry No.:  2107866
         Book/Page: 2371/208 (Affects Parcel 3)

7.       EASEMENT AND CONDITIONS CONTAINED THEREIN:

         Grantee:  UTAH POWER AND LIGHT COMPANY
         Location:  See document
         Purpose:   To  construct,   operate,   maintain  and  repair   electric
         transmission  and/or  distribution  system,  under, upon and across the
         above.
         Dated:  June 5, 1965  Recorded:  September  1, 1965 Entry No.:  2107867
         Book/Page: 2371/209 (Affects Parcel 2)

8.       Notice  of  Interest,   dated  June 4,  1997,  wherein  Reagan  Outdoor
         Advertising  gives notice of interest in  and to said   property.  Said
         Notice  recorded  July 11, 1997,  as Entry No.  6689018  in  Book 7709,
         at Page 1339, of Official Records.  (Affects Parcels 1 & 2)

The effects of a Notice of Forfeiture of Notice of Claim of Interest  dated June
4, 1997 and recorded August 19, 1998, as Entry No. 7062762 in Book 8070, at Page
158, of Official Records.

9.       Salt Lake City  Ordinance  No. 92 of  1999 recorded  November 29, 1999,
         as Entry No.  7522327 in Book 8326,  at Page 75, of Official Records.

                                       9
<PAGE>

10.      Salt Lake City  Ordinance No. 77 of 1999 recorded  January 24, 2000, as
         Entry No. 7559300 in Book 8337, at  Page 5304, of Official Records.

11.      Any rights,  interests or claims which may exist or arise by reason  of
         the   following   fact(s)  shown  on  a  survey  plat   entitled  "Utah
         Gravel,  Salt  Lake  City,  Utah",  dated   March  28,  2001,  prepared
         by  International Land Services, Inc., Bradley D. Daley LS No. 259684.

          a.   Fence line encroachment along the northwesterly portion of Parcel
               3A.

          b.   Encroachment of improvements in the setback area.

12.       Billboard  Lease  Agreement  dated  February 22, 1994,  by and between
          Reagan Outdoor  Advertising  ("Lessee") and Falcon Ridge  Construction
          ("Lessor"),  provided  that the Buyers' and the  Sellers'  obligations
          with  respect  to the right of first  refusal  contained  therein  are
          subject  to the  indemnity  provisions  of  Section  10.1.1(h)  of the
          Agreement.

POINT OF THE MOUNTAIN

1.       Taxes for the year 2001 which are a lien, but are not yet due or
         payable

2.       Said  property  is  included  within the   boundaries  of Draper  City,
         and is subject to the  charges and  assessments thereof.  (Charges  are
         current).

3.       Said property is included  within the boundaries of Draper  Irrigation,
         and is subject to the charges and  assessments  thereof.  (Charges  are
         current).

4.       Agreement  dated  February 9, 1971, by and between LOS ANGELES and SALT
         LAKE  RAILROAD  COMPANY,  a  Corporation  of the  State of Utah and its
         Lessee UNION PACIFIC  RAILROAD  COMPANY,  a Corporation of the State of
         Utah, and KENNETH F. WHITE,  concerning access to the property owned by
         KENNETH F. WHITE from the railroad company right of way. Said Agreement
         was recorded June 23, 1971, as Entry No. 2392944, in Book 2971, at page
         659, of Official Records. (Affects Parcel 1).

         Assignment dated November 11, 1977, by and between KENNETH F. WHITE and
         MICHELLE E. WHITE,  husband and wife, as Assignors  and MONROC,  a Utah
         General  Partnership,  as Assignee all of their right, title,  interest
         and  equity  in, to and under that road  crossing  agreement  described
         above.  Said  Assignment  was recorded  December 2, 1977,  as Entry NO.
         3032864, in Book 4589, at page 812, of Official Records.

5.       Agreement  dated   February  9,  1971,  by  and  between   LOS  ANGELES
         and SALT LAKE RAILROAD  COMPANY,  a  Corporation  of the State of Utah,
         and its lessee  UNION PACIFIC  RAILROAD  COMPANY,  a Corporation of the
         State of Utah,  and  EVAN HANSEN  and O. V. HANSEN,  concerning  access
         to the property owned by EVAN HANSEN and O. V. HANSEN from the railroad
         company right of way. Said  Agreement  recorded June 23, 1971, as Entry
         No. 2392945, in Book 2971, at page 666, of Official Records.

6.       The effect of that  certain  Mineral  Deed  executed  by UNION  PACIFIC
         RAILROAD COMPANY, a Utah Corporation, Grantor in favor of UNION PACIFIC
         LAND

                                       10
<PAGE>

         RESOURCES  CORPORATION,  a Utah  Corporation,  dated April 1, 1971, and
         recorded  June  21, 1975, as Entry No.  2726878,  in Book 3919, at page
         157, of Official Records.

7.       EASEMENT AND CONDITIONS CONTAINED THEREIN:

         Grantee:  UTAH POWER AND LIGHT COMPANY
         Location: BEGINNING on the North boundary line of the Grantor's land at
         a point  260 feet  South  and 495  feet  West,  more or less,  form the
         Northeast  corner of Section 23,  Township 4 South,  Range 1 West, Salt
         Lake Meridian;  and running thence South 19` 22' West 75 feet,  more or
         less,  on said land,  being in the  Northeast  quarter of the Northeast
         quarter of said Section 23.

         Purpose:   To  construct,   operate,   maintain  and  repair   electric
         transmission  and/or  distribution  system,  under, upon and across the
         above.

         Recorded:  November 1, 1982
         Entry No.:  3725479
         Book/Page:  5416/2812

8.       EASEMENT AND CONDITIONS CONTAINED THEREIN:

         Grantor:  MONROC INCORPORATED
         Grantee:  PACIFICORP, an Oregon Corporation

         Location:  BEGINNING at the Northwest corner of the Grantor's land at a
         point  256  feet  South  and 585  feet  West,  more or  less,  from the
         Northeast  corner of Section 23,  Township 4 South,  Range 1 West, Salt
         Lake Meridian; thence South 19` 47' West 62.9 feet, more or less, along
         the Westerly  boundary line of said land,  said Westerly  boundary line
         also being the Easterly right of way lie of the Union Pacific  Railroad
         Company;  thence  along  a line  which  is  parallel  to  and  75  feet
         perpendicular  distant Southerly and Southwesterly  from the centerline
         of the proposed survey line North 89` 08' East 467.0 feet and south 52`
         59' East 517.3 feet,  more or less,  to the East  boundary line of said
         Grantor's land;  thence North 125.2 feet, more or less, along said East
         boundary  line;  thence  along a line which is  parallel to and 25 feet
         perpendicular distant Northeasterly from the centerline of the proposed
         survey line North 52` 59' West 395.4 feet,  more or less,  to the North
         boundary line of said land; thence West 563.0 feet, more or less, along
         said  North  boundary  to the  point  of  beginning  and  being  in the
         Northeast  quarter of the Northeast quarter of said Section 23, and the
         Northwest  quarter of the Northwest quarter of Section 24, Township and
         Range aforesaid.  BEGINNING on the North boundary line of the Grantor's
         land at a point 648 feet  South and 333 feet East,  more or less,  form
         the  Northwest  corner of Section 24,  Township 4 South,  Range 1 West,
         Salt Lake  Meridian;  thence  along a line which is  parallel to and 75
         feet  perpendicular   distant  Southwesterly  and  Southerly  from  the
         centerline of the proposed  survey line the following two courses South
         52` 59' East  82.6 feet and North  89` 44' East  2211.2  feet,  more or
         less;   thence   along  a  line  which  is  parallel  to  and  25  feet
         perpendicular distant Southwesterly from the centerline of the proposed
         survey  line  South  41` 43' East  1065.4  feet,  more or less,  to the
         Southeasterly  boundary  line of said land;  thence  North 51` 43' East
         50.1 feet, more or less, along said Southeasterly boundary line; thence
         along a line which is parallel to and 25 feet  perpendicularly  distant
         Northeasterly  and Northerly from the centerline of the proposed survey
         line North 41` 43' West  1157.7  feet and South 89` 44' West 97.6 feet,
         more or less, to a Northwesterly  boundary line of

                                       11
<PAGE>

          said  Grantor's  land;  thence  South 27` 04' West 56.3 feet,  more or
          less, to a Southeast corner of said land; thence along a line which is
          parallel  to and 25 feet South  from the  centerline  of the  proposed
          survey line South 89` 44' West 2131.8 feet,  more or less,  along said
          South  boundary  line to the point of beginning and being in the North
          one-half  of the  Northwest  quarter  and  the  West  one-half  of the
          Northeast quarter of said Section 24, in Salt Lake and Utah Counties.

         Purpose:   To  construct,   operate,   maintain  and  repair   electric
         transmission  and/or  distribution  system,  under, upon and across the
         above.

         Dated:  July 13, 2000
         Recorded:  February 5, 2001
         Entry No.:  7813501
         Book/Page:  8421/4973

9.       Any  rights, interests, or claims which may exist or arise by reason of
         the   following  facts shown on a survey plat  entitled  "Utah  Gravel,
         Draper,   Utah",  dated March 28, 2001,  prepared by International Land
         Services, Inc., Bradley D. Daley LS no. 259684.

               a.   Encroachment  of  improvements  onto the  abutting  property
                    along the southerly boundary.

               b.   Third  party  rights  of  ingress  and  egress  based on the
                    location of driveway improvements.

10.      Unrecorded CONTRACT dated June 10, 1947, by and between LOS ANGELES and
         SALT LAKE RAILROAD COMPANY, a Corporation of the State of Utah, and its
         lessee UNION PACIFIC RAILROAD  COMPANY,  a Corporation for the State of
         Utah, and OWEN DEAN, for a Private Road Crossing at Mount,  Utah, L.D.,
         No. 13285 concerning access to the subject property across the railroad
         company  right of way, as extended and  amended,  disclosed by document
         provided to Founders Title Company.

PARK CITY

1.        Taxes  for the  year  2001  which  are a lien  but are not yet due and
          payable.

2.       Said  property is  included  within the boundaries of Weber Basin Water
         Conservancy  District,  and is subject to the charges  and  assessments
         thereof. (Charges are current)

3.       Said  property  is  included  within the  boundaries  of Summit  County
         Special  Service  District  #1,  and  is  subject  to the  charges  and
         assessments thereof. (Charges are current).

4.       EASEMENT AND CONDITIONS CONTAINED THEREIN:

         Grantor:  LAGOON COMPANY FKA SIMON BAMBERGER COMPANY
         Grantee:  SALT LAKE PIPELINE COMPANY
         Location:  That certain strip of land 33 feet in width  provided for in
         said above mentioned  grant, has been complete and that the center line
         of said strip of land is described as follows, to-wit:

                                       12
<PAGE>

         STRIP 1, Beginning at a point hereinafter  referred to as Point "A", on
         the Easterly  boundary  line of Section 35,  Township 1 South,  Range 4
         East,  S.L.M.  distant  Northerly thereon 1006.8 feet from an iron pipe
         identified   as  the   Southeast   corner  of  said   section;   thence
         approximately  North  63(degree)28'  West 1059 feet more or less,  to a
         point on the Easterly  right of way boundary  line of the Union Pacific
         Railroad, all in the Southeast quarter (SE1/4) of said Section 35.

         STRIP II,  Commencing  at the above  described  pint "A",  thence North
         63(degree)28'  West 1274.9 feet to the true point of beginning  being a
         point on the Westerly  right of way boundary  line of the Union Pacific
         Railroad in the  Southeast  quarter  (SE1/4) of said Section 35; thence
         approximately  North 63(degree)28' West, 4655 feet, more ore less, to a
         point on the westerly boundary line of said Section 35.

         Purpose:  The  right  of way  from  time  to  time  to  lay,  construct
         reconstruct, replace, renew, repair, maintain, operate, change the size
         of , increase  the number of, and remove  pipelines  and  appurtenances
         thereof for the transportation of oil, petroleum, gas, gasoline, water,
         or other substances,  or any thereof,  and to erect,  install maintain,
         operate, repair, renew add to and remove telegraph, telephone, or power
         lines and appurtenance thereof on a single line of poles or underground
         as  Grantee  from time to time and place to place may  elect,  with the
         right of ingress and egress to and from the same.

         Dated:  April 14, 1948
         Recorded:  May 24, 1948
         Entry No.:  77471
         Book/Page:  Z/239

         AMENDMENT:

                  Dated:  July 1, 1948
                  Recorded:  July 10, 1948
                  Entry No.:  77699
                  Book/Page:  Z/271

         LOCATION OF EASEMENT:

                  Dated:  November  19, 1948
                  Recorded:  November 23, 1948
                  Entry  No.: 78179
                  Book/Page: Z/372
                  (Affects Parcels 1, 2, 3, 4, & 5)

5.       Subject to  reservations  and  easements  as found in that certain Quit
         Claim Deed from LAGOON  COMPANY,  formerly SIMON  BAMBERGER  COMPANY to
         STATE ROAD  COMMISSION  OF UTAH,  recorded  June 2, 1954,  as Entry No.
         83980, in Book I, of Quit Claim Deeds at Page 45 of Official Records.

6.       Reservations  in favor of the United  States of America as contained in
         Patent,  Recorded May 19, 1897,  in Book I, at Page 533.  Said Document
         reading in part as  follows:  "Yet  excluding  and  excepting  from the
         transfer by these  presents,  all mineral  lards should any be found to
         exist in the tracts  described in the foregoing,  but the exclusion and
         exception,

                                       13
<PAGE>

          according  to the  terms of the  statute,  shall not be  construed  to
          include coal and Iron lands."

7.       Reservations as contained in that certain Deed,  Recorded  November 16,
         1911, as Entry No. 21551, in Book J, at Page 484. Said Document reading
         in part as follows:

         EXCEPTING  AND RESERVING to said UNION PACIFIC  RAILROAD  COMPANY,  its
         successors and assigns.

         FIRST: All coal and other minerals within or underlying said lands.

         SECOND:  The exclusive right to prospect in the upon said land for coal
         and other  minerals  therein or which may be supposed to be therein and
         to mine for and  remove,  from said land,  all coal and other  minerals
         which may be found thereon by any one.

         THIRD:  The right of  ingress,  egress  and  regress  upon said land to
         prospect  for, min and remove any and all such coal or other  minerals,
         and the  right  to use so much of  said  land as may be  convenient  or
         necessary  for the  right-of-way  to and from such  prospect  places or
         mines,  and for the  convenient  and proper  operation of such prospect
         places,  mines,  and for roads and  approaches  thereto or for  removal
         therefrom of coal, mineral, machinery, or other material.

         FOURTH:  The right to said Union Pacific  Railroad  Company to maintain
         and operate its  railroad in its present form of  construction,  and to
         make any change in the form of  construction  or method of operation of
         said railroad.

8.       CONTRACT FOR SALE AND USE OF UNTREATED WATER:

                  Dated:  April 17,  1980  Recorded:  March 31,  1981 Entry No.:
                  177881 Book/Page: 183/544 (Affects Parcel 1)

9.       PETITION AND ORDER GRANTING ALLOTMENT OF WATER:

                  Recorded:  March 25, 1986
                  Entry No.:  248407
                  Book/Page:  378/283

10.      PETITION AND ORDER GRANTING ALLOTMENT OF WATER:

                  Recorded:  December 28, 1998
                  Entry No.:  526113
                  Book/Page:  1215/71

11.      Any rights,  interests, or claims which may exist or arise by reason of
         the following  fact(s)  shown on a survey plat  entitled  "Utah Gravel,
         Park City, Utah", dated March 28, 2001,  prepared by International Land
         Services, Inc., Bradley D. Daley LS No. 259684:

          a. Variation of fencelines  from deed lines
          b.  Encroachment  of  fence  into  Atkinson  Road

                                       14
<PAGE>

          c.   Encroachment  of  improvements  onto the  easement  of Salt  Lake
               Pipeline  Company
          d.   Encroachment of improvements  across the  northwesterly  property
               line.

1730 BECK STREET (MONROE BECK STREET)

1.       Taxes for the year 2001  which  are a  lien,  but  are  not yet  due or
         payable.

2.       Said  property  is included  within the  boundaries  of Salt Lake City,
         and  is subject to the charges and  assessments  thereof.  (Charges are
         current)

3.       EASEMENT AND CONDITIONS CONTAINED THEREIN:

         Grantee:  UTAH INDEPENDENT  TELEPHONE COMPANY
         Location:  Exact location not disclosed.
         Purpose:  To erect,  operate and maintain 5 poles,  wires and fixtures,
         and incidental purposes
         Dated: March 23, 1909
         Recorded:  April 16, 1909
         Entry No.: 248097
         Book/Page: 6B of Deeds/515 Also recorded on same date
         as Entry No. 248098, in Book 6B of Deeds, at page 515, and as Entry No.
         248099, in Book 6B of Deeds, at page 516, of Official Records

4.       Subject to any  easements  or rights of way which Salt Lake City has to
         construct a sewer upon, over, under or through the subject property, as
         evidenced by that certain Warranty Deed,  recorded November 6, 1911, as
         Entry  No.  287216,  in Book 8G of  Deeds,  at page  266,  of  Official
         Records.

5.       EASEMENT AND CONDITIONS CONTAINED THEREIN:

         Grantee:  MOUNTAIN FUEL SUPPLY  COMPANY  Location:  Exact  location not
         disclosed.
         Purpose: To lay, maintain,  operate,  repair, inspect,  protect, remove
         and replace pipelines,  valves,  valve boxes and other gas transmission
         and distribution facilities through and across the above.
         Recorded:  June 23, 1930
         Entry No.:  657187
         Book/Page:  71/338

6.       EASEMENT AND CONDITIONS CONTAINED THEREIN:

         Grantee:  UTAH POWER AND LIGHT COMPANY
         Location:  Exact location not disclosed. Affects Parcel 4.
         Purpose:   To  construct,   operate,   maintain  and  repair   electric
         transmission  and/or  distribution  system,  under, upon and across the
         above.
         Dated:  June 30, 1954
         Recorded:  August 4, 1954
         Entry No.:  1384007

                                       15
<PAGE>

         Book/Page:  1112/119

7.       Subject  to all  existing  rights  of way and  easement  of all  public
         utilities  of any and every  description  now located in, on,  under or
         over the vacated streets and alleys within the Empire  Subdivision,  as
         vacated by Ordinance,  recorded July 29, 1957, as Entry No. 1549338, in
         Book 1432, at page 296, of Official Records.

8.       Subject  to all  existing  rights of way and  easements  of all  public
         utilities  of any and every  description  now located in, on,  under or
         over the vacated  streets  and alleys  within the Folsom  Addition,  as
         vacated by Ordinance recorded September 21, 1983, as Entry No. 3847079,
         in Book 5492, at page 2677, of Official Records.

9.       Subject to the rights of way if any of the OREGON  SHORT LINE  RAILROAD
         COMPANY,  THE UTAH NORTHERN RAILWAY COMPANY,  THE DENVER AND RIO GRANDE
         WESTERN RAILWAY COMPANY,  THE SALT LAKE AND OGDEN RAILWAY COMPANY,  THE
         HOT SPRINGS RAILWAY COMPANY and THE UNION PACIFIC  RAILROAD  COMPANY or
         their respective assigns as evidenced by deeds of record.

10.      The terms and  conditions  of  that  certain Salt  Lake City  Ordinance
         No. 92 of 1999,  dated  November 9,  1999,  and  recorded  November 29,
         1999,  as Entry  No.  7522327,  in  Book 8326,  at page 75, of Official
         Records.

11.      The terms and  conditions  of that certain Salt Lake City Ordinance No.
         77 of  1999,  dated  September 21, 1999, and recorded January 24, 2000,
         as Entry No. 7559300, in Book 8337, at page 5304, of Official  Records.

12.      The terms  and  conditions of that certain Salt Lake City Ordinance No.
         78 of  1999, dated  September 28, 1999, and recorded  January 24, 2000,
         as  Entry   NO. 7559301, in  Book  8337,   at  page  5311,  of Official
         Records.

13.      Any rights,  interests,  or claims  which may exist or arise by  reason
         of the facts shown on a survey plat entitled  "Utah   Gravel, Salt Lake
         City, Utah", dated March 28, 2001,  prepared by  International  Land
         Services, Inc., Bradley D. Daley LS No. 259684.

1616 NORTH BECK STREET (FALCON RIDGE HOT PLANT - GEODYNE)

1.       Taxes  for the  year 2001 which  are a lien,  but are  not  yet  due or
         payable.

2.       Said  property  is included  within the  boundaries  of Salt Lake City,
         and is subject  to  the charges and assessments thereof.  (Charges  are
         current).

3.       The  terms and  conditions  of  that  certain  Quit  Claim  Deed  dated
         January 13, 1954,  reserving  unto OREGON SHORTLINE  RAILROAD  COMPANY,
         its  successors  and  assigns  forever,  all  minerals  and all mineral
         rights of every  kind  and  character  now known to exist or  hereafter
         discovered,   including,    without  limiting  the  generality  of  the
         foregoing,  oil and gas and  rights  thereto,  together  with the sole,
         exclusive and perpetual   right to explore fore,  remove and dispose of
         the said minerals by any  means or methods

                                       16
<PAGE>

         suitable to the  Grantor,   its  successors  and  assigns,  but without
         entering upon or using the  surface of the lands hereby  conveyed,  and
         in such  manner as not to damage   the  surface  of said  lands,  or to
         interfere  with the use  thereof  by the  Grantee,  its  successors  or
         assigns,  recorded  February 16,  1954, as Entry No.  1361194,  in Book
         1066, at page 74, of Official Records.

4.       The terms and   conditions   of that  certain   Quit  Claim  Deed dated
         January 13,  1954,  reserving unto OREGON SHORTLINE  RAILROAD  COMPANY,
         its  successors  and assigns   forever,  all  minerals  and all mineral
         rights of every   kind and  character  now known to exist or  hereafter
         discovered,   including,   without  limiting  the   generality  of  the
         foregoing,  oil  and gas  and rights  thereto, together  with the sole,
         exclusive and perpetual   right to explore fore,  remove and dispose of
         the said minerals  by any means or methods suitable to the Grantor, its
         successors and  assigns, but without entering upon or using the surface
         of the lands  hereby conveyed,  and in such manner as not to damage the
         surface of  said  lands,  or to  interfere  with the use thereof by the
         Grantee,   its  successors or assigns,  recorded  February 16, 1954, as
         Entry No. 1361193, in Book 1066, at page 71, of Official Records.

5.       Reservation   by  UNION   PACIFIC  LAND  RESOURCES   CORPORATION,   its
         successors and assigns  forever, of all minerals and all mineral rights
         of every kind and character now known to exist or hereafter  discovered
         which  are more  than 200 feet  below  the  surface  of  the  described
         premises,  including  without limiting the generality of the foregoing,
         oil and gas rights   thereto  below such depth, and  together  with the
         sole, exclusive and perpetual right to  explore for, remove and dispose
         of said minerals by  any means or methods suitable to the Grantor,  its
         successors or assigns,  but without entering upon or  using the surface
         to a depth of 200  feet of the land hereby conveyed, and in such manner
         as not to  damage  the  surface  (down to a depth of  200 feet) of said
         lands  or to  interfere  with  the use  thereof  by  the  Grantee,  its
         successors  and assigns,  as contained in that  certain  Warranty Deed,
         dated  March  16,  1972,   wherein   UNION    PACIFIC  LAND   RESOURCES
         CORPORATION, is Grantor, and W. W. and W. B. GARDNER, INC., is Grantee,
         recorded April 7,  1972,  as Entry  No.  2448438,  I Book 3060, at page
         154, of Official Records. (Affects Parcel 1)

6.       EASEMENT AND CONDITIONS CONTAINED THEREIN:

         Grantee: MOUNTAIN FUEL SUPPLY COMPANY
         Location:  An  Easement  is to be 12 feet in width  with the  following
         described center line: BEGINNING at a point North 1176.15 feet and West
         564.22 feet from the Southwest  corner of Section 24, Township 1 North,
         Range 1 West, Salt Lake Base and Meridian; said point on Grantor's West
         property line;  thence North 45` 59' 00" East 91.00 feet;  thence South
         44` 01' 00" East 41.00 feet;  thence North 45` 59' 00" East 51.04 feet;
         thence North 13` 20' 23" West 52.88 feet.
         Purpose: To lay, maintain,  operate,  repair, inspect,  protect, remove
         and replace pipelines,  valves,  valve boxes and other gas transmission
         and distribution facilities through and across the above.
         Recorded: April 18, 1985
         Entry No.: 4075228
         Book/Page: 5646/2308
         (Affects Parcels 5 and 7)

                                       17
<PAGE>

7.       A Right of Way  Agreement  for  pipe  lines  and  pole lines as created
         in favor of the  person or  persons  entitled   thereto  by  instrument
         recorded February  24, 1949, as Entry No. 1149096, in Book 663, at page
         115, of Official  Records,  for any and all rights which it may have in
         or under that  certain  right of way grant,  dated  September 12, 1948,
         and recorded  in Book 639, at page 585, of Official  Records.  (Affects
         Parcel 6)

8.       A Right of Way  Agreement  for 16 1/2 feet in width to erect,  install,
         maintain,   operate,   repair,  renew,  add  to  an  remove  telephone,
         telephone, or power lines and appurtenances thereof on a single line of
         poles, as created in favor of SALT LAKE PIPE LINE COMPANY by instrument
         recorded  October 13, 1948, as Entry No. 1137006,  in Book 639, at page
         585,  of  Official  Records,  with the right of ingress or egress to an
         from the same, over and through,  under or along that certain parcel of
         and  situate  in Salt Lake  County,  State of Utah,  and  described  as
         following to wit:

         COMMENCING at the Northwest corner of the Southwest  quarter of Section
         24,  Township 1 North,  Range 1 West,  Salt Lake Meridian;  thence East
         107.6v  rods;  thence  South  31` West 128 rods,  more or less,  to the
         Southwesterly corner of Salt Lake City Tract; thence South 41 1/2` East
         224 feet;  thence  South 45` 45' West 436.9 feet;  thence North 44` 15'
         West 7 rods;  thence  South 45` 45' West 15 rods;  thence North 44` 15'
         West along the North side of the County Road, 25 rods, to Section line;
         thence North 128 rods to BEGINNING. (Affects Parcel 6)

9.       The  terms  and  conditions  of that certain Salt  Lake City  Ordinance
         No. 92, of 1999,  dated  November 9, 1999,  and  recorded  November 29,
         1999,  as Entry No.  7522327,  in Book 8326,  at  page 75, of  Official
         Records.

10.      The terms and  conditions of that certain Salt Lake City  Ordinance No.
         77 of 1999,  dated  September 21, 1999, and recorded  January 24, 2000,
         as Entry No. 7559300,  in Book 8337,a t page 5304, of Official Records.

11.      Any rights,  interests,  or claims  which may exist or arise  by reason
         of the facts shown on a survey plat  entitled  "Utah  Gravel, Salt Lake
         City,  Utah",  dated March  28, 2001,  prepared by  International  Land
         Services, Inc., Bradley D. Daley LS No. 259684.

LELAND YARD

The following Exceptions affect Parcel 1:

1.       Taxes for the year  2001  which are a  lien,  but  are not yet  due  or
         payable.

2.       Said property is included  within the  boundaries of Spanish Fork City,
         and  is  subject  to the charges and   assessments thereof (Charges are
         current).

3.       EASEMENT AND CONDITIONS CONTAINED THEREIN:

         Grantor:  VALLEY ASPHALT INC., by RICHARD M. SUMSION, President
         Grantee:  MOUNTAIN STATES TELEPHONE AND TELEGRAPH COMPANY
         Location:  A right of way and easement 6 feet in width, over, under and
         across the following described  property:  COMMENCING at a point on the
         West line of

                                       18
<PAGE>

         Delmonte  Road  which point is North 304.58 feet and East 2318.032 feet
         and North 37`  34' 30" West 93.637 feet from the West quarter corner of
         Section  25,   Township  8  South,  Range 2 East,  Salt  Lake  Base and
         Meridian;   thence  North 68` 43' 60" West 1027 feet;  thence  North 40
         feet;  thence   (retrace South 40 feet);  thence North 68` 43' 60" West
         493 feet; thence  North 36 feet to end. Purpose: To construct, operate,
         maintain,  and  remove such  communication and other facilities,  upon,
         over, under and  across the above.
         Recorded:  April 24, 1973
         Entry No.: 6924
         Book/Page: 1324/256

4.       EASEMENT AND CONDITIONS CONTAINED THEREIN:

         Grantee:  MOUNTAIN FUEL SUPPLY COMPANY
         Location:  A right of way and  easement  20 feet  over and  across  the
         following described  property:  BEGINNING at a point 1188.07 feet North
         and 154.98  feet East of the West  quarter  corner of said  Section 25;
         thence  North 60` 50' 57" East 174.76  feet;  thence  South 59' 54' 43"
         East 484.11 feet;  thence  South 74` 06' 05" East 185.01  feet;  thence
         South 13` 43' 27" West 44.09 feet.
         Purpose: To lay, maintain,  operate,  repair, inspect,  protect, remove
         and replace pipelines,  valves,  valve boxes and other gas transmission
         and distribution facilities through and across the above.
         Recorded:   August  9,  1976
         Entry  No.:  19743
         Book/Page:   1492/211
         Re-Recorded: November 11, 1976
         Entry No.: 29564
         Book/Page: 1511/646

5.       The  Conflicting  Interest  of  FRANKLIN  REYNARD  HAYMORE  and LELA F.
         HAYMORE,  Trustees of the  FRANKLIN  HAYMORE  TRUST,  and the  survivor
         thereof and  successors,  acquired  under and by virtue of that certain
         Quit Claim Deed dated  February  16,  1983,  executed  by  FRANKLIN  R.
         HAYMORE and LELA F.  HAYMORE,  recorded  April 11,  1983,  as Entry NO.
         10255, in Book 2042, at page 308, of Official Records.

6.       The  Conflicting  Interest  of  FRANKLIN  REYNARD  HAYMORE and LELA F.
         HAYMORE,  Trustees   of the LELA R.  HAYMORE  TRUST,  and the  survivor
         thereof  and  successors,  acquired under and by virtue of that certain
         Quit Claim  Deed dated  February  16,  1983,  executed  by  FRANKLIN R.
         HAYMORE and  LELA F.  HAYMORE,  recorded  April 11, 1983,  as Entry No.
         10256, in Book 2042, at page 310, of Official Records.

7.       The Conflicting  Interest of RICHARD MUHLESTEIN and  CONNIE MUHLESTEIN,
         acquired under and by virtue of that certain Warranty  Deed executed by
         ARCHIE A.  ANDRUS,  aka ALMA A.  ANDRUS and MARY  H.  ANDRUS,  recorded
         December 19, 1974,  as Entry No.  22470,  in Book  1398, at page 14, of
         Official Records.

The following exceptions affect Parcel 2:

8.       None.

                                       19
<PAGE>

The following exceptions affect Parcels 1 and 2.

9.   Any rights,  interests, or claims which may exist or arise by reason of the
     following  fact(s)  shown on a survey plat entitled  "Utah Gravel,  Spanish
     Fork, Utah", dated March 28, 2001, prepared by International Land Services,
     Inc., Bradley D. Daley LS No. 259684:

     a.   Deed encroachments and gaps along southerly line of property.

     b.   Variation  of fence lines from deed line and deed gap along  northerly
          line of property.

     c.   Concrete pad encroachment  into road  right-of-way on easterly line of
          property.

LEHI

1.   Taxes for the year 2001 which are a lien, but are not yet due or payable.

2.   Said  property is included  within the  boundaries of  Unincorporated  Utah
     County, and is subject to the charges and assessments  thereof (Charges are
     current).

3.   The terms and provisions of the "Farmland  Assessment Act of 1969" in Title
     59, Chapter 2, Part 5 of the Utah Code, and amendments  thereof,  disclosed
     by that  certain  Application  for  Taxation of  Agricultural  Land,  dated
     December 22, 1975, and recorded  December 22, 1975, as Entry No. 26320,  in
     Book 1449, at page 695, of Official Records,  which, in part,  provides for
     the right of Utah County to reassess said  property for previous  years and
     the collection of additional taxes resulting from any such reassessment.

4.       EASEMENT AND CONDITIONS CONTAINED THEREIN:

                  Grantor:  Markland E. Allred
                  Grantee:  Kern River Gas Transmission Company
                  Purpose:  Exclusive right of way and easement,  and incidental
                  purposes
                  Dated:  February 6, 1990
                  Recorded:  February 8, 1990
                  Entry No.: 4041
                  Book/Page: 2664/257

5.       EASEMENT AND CONDITIONS CONTAINED THEREIN:

                  Grantor:  A. Fullmer Allred
                  Grantee:  Kern River Gas Transmission Company
                  Purpose:  Exclusive right of way and easement,  and incidental
                  purposes
                  Dated:  February 8, 1990
                  Recorded:  February 15, 1990
                  Entry No.: 4823
                  Book/Page: 2666/109

                                       20
<PAGE>

6.       EASEMENT AND CONDITIONS CONTAINED THEREIN:

                  Grantor:  Sterling W. Allred
                  Grantee:  Kern River Gas Transmission Company
                  Purpose:  Exclusive right of way and easement,  and incidental
                  purposes
                  Dated: February 12, 1990
                  Recorded:  February 15, 1990
                  Entry No.: 4824
                  Book/Page: 2666/111

7.       EASEMENT AND CONDITIONS CONTAINED THEREIN:
                  Grantor:  Fullmer  Allred and Margaret P. Allred,
                  Trustees and Mark E. Allred and Betty Jo Allred, Trustees
                  Grantee: Utah Department of Transportation
                  Dated: January 21, 1995
                  Recorded: February 13, 1995
                  Entry No.:8975
                  Book/Page:3619/894

8.       EASEMENT AND CONDITIONS CONTAINED THEREIN:

                  Grantor:  James F. Allred, as attorney in fact for the Allred
                            Family Trust dated 2/8/90
                  Grantee:  Pacificorp
                  Dated:    September 14, 1998
                  Recorded: September 29, 1998
                  Entry No. 98669
                  Book/Page:4793/238

9.        Any rights, interests, or claims which may exist or arise by reason of
          the facts shown on a survey plat entitled "Utah Gravel,  Lehi,  Utah",
          dated March 28, 2001,  prepared by  International  Land Survey,  Inc.,
          Bradley D. Daley LS No. 259684.

10.       Unrecorded  Mineral Lease No. 47496 dated  February 23, 2000,  between
          the State of Utah School and Institutional Trust Lands  Administration
          and Peck Rock and Projects,  LLC as disclosed by documents provided to
          Founders Title Company.

11.       Unrecorded  Surface  Owner's  Agreement  dated November 6, 1997 by and
          between Peck Rock and Products, a Utah limited liability company, Clay
          Peck, and Cole Peck and A. Fullmer  Allred,  as disclosed by documents
          provided to Founder Title Company.

                                       21
<PAGE>

                         SCHEDULE 1.1(a) ACQUIRED ASSETS

Those assets that are primarily used in the Business, including, but not limited
to, those items on the attached list.

                                       22
<PAGE>

                 Attachment to Schedule 1.1(a) - Acquired Assets

                                       23

<PAGE>

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
         USAI EQUIPMENT TO BE PURCHASED
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                             TRANSFER             NOTES
  MR     FROM    YEAR  MODEL OR DESCRIPTION     DESCRIPTION          SERIAL#        VALUE      TO     LOCATION   COMMENTS     UNIT#
-----------------------------------------------------------------------------------------------------------------------------------
<S>     <C>        <C> <C>                   <C>                <C>                <C>          <C>     <C>     <C>        <C>
  3     Monroc    94   CHEV                  Pickup w/Radio     2GCEK19KXR1246940  10,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
  5     Monroc    98   DODGE                 Pickup w/Radio     1B7HC16X4WS5300351 15,000       P       NSL     have title
-----------------------------------------------------------------------------------------------------------------------------------
  6     Monroc    96   DODGE                 Pickup w/Radio     1B7KF13R9TS599564  12,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
  7     Monroc    97   DODGE                 Pickup w/Radio     387HF13Y9VG820086  14,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
  17    Monroc    85   GMC                   Pickup w/Radio     1GDHC34WBFJ528698   1,000       P       NSL    have title
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                                               Getting
                                                                                                               UCC
                                                                                                               releases
                                                                                                               from
  18    Monroc    96   BEAL TRAILER                             1BN1C3252TB004350  25,000       P       NSL    Safeco
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                                               Getting
                                                                                                               UCC
                                                                                                               releases
                                                                                                               from
  19    Monroc    96   BEAL TRAILER                             1BN2C373ITB004349  25,000       P       NSL    Safeco
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                                               have
  24    Monroc    94   KENWORTH              Tractor w/Radio    1XKWDB9X7PS592042  18,000       P       NSL    title
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                                               have
  28    Monroc    93   MIDL                  Pugmill            104                             P       NSL    title
-----------------------------------------------------------------------------------------------------------------------------------
  31    Monroc    70   TRIM                  Van                TC2100              1,500       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
  32    Monroc    69   TRIM                  Van                F61671              1,500       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       PICKUP for
  35    Monroc         ELECTRICIAN                              3B8MC386BWM24388    2,000       P      SL RM
-----------------------------------------------------------------------------------------------------------------------------------
                       1985 GMC 2 TON FLAT                                                                     have
  37    Monroc    85   BED TRUCK                                1GDE6DIABFV608276   1,000       P       NSL    title
-----------------------------------------------------------------------------------------------------------------------------------
                       1987 GMC 1987 GMC                                                                       have
  38    Monroc    87   2TON                                     1GDE6DIABFV503479   1,250       P       NSL    title
-----------------------------------------------------------------------------------------------------------------------------------
  39    Monroc         WABCO 38C HAUL TRUCK                     GF10793FA20HCFA20  20,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       INTL WATER TRUCK
                       (UPDATE & RETROFIT                                                              Park
  40    Monroc    78   POM S&G)                                                     7,500       P      City
-----------------------------------------------------------------------------------------------------------------------------------
                       1964 FRUEHAUF 30
                       TON PNEUMATIC                                                                  Park    have
  44    Monroc    64   TRAILER                                  OME275101           2,500       P     City    title
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                                      Bacchus
  45    Monroc         BROWN TRAILER 71396                      71398                 500       P        2
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                                      Pt of
  47    Monroc         SEA CARGO CONTAINERS                                         1,000       P     Mtn RM
-----------------------------------------------------------------------------------------------------------------------------------
  48    Monroc    75   FRUEHAUF 1975                            MAS474403           1,500       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       USED DIESEL TANK                                                               Park
  49    Monroc         S-437                                                          500       P      City
-----------------------------------------------------------------------------------------------------------------------------------
                       FUEL TANK STORAGE                                                              Pt of
  50    Monroc         BUNKER                                                         500       P     Mtn RM
-----------------------------------------------------------------------------------------------------------------------------------
  51    Monroc         20 K GAL FUEL TANK                                          20,000       P     Beck St
-----------------------------------------------------------------------------------------------------------------------------------
                       10,000 GAB ABOVE
                       GROUND DIESEL
  52    Monroc         FUELING STATION                                             10,000       P     Beck St
-----------------------------------------------------------------------------------------------------------------------------------
                       10,000 GAL ABOVE
                       GROUND DIESEL                                                                  Park
  53    Monroc         FUELING STATION                                             10,000       p      City
-----------------------------------------------------------------------------------------------------------------------------------
                       TRUCK SIGNALING
  54    Monroc         SYSTEM                                                                   P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       TRUCK TRACKING        Leland and Eagle

  55    Monroc         SYSTEM                Valley                                             P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       TRUCK TRACKING
  56    Monroc         SYSTEM                                                                   P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       NEW WATER SYSTEM AT                                                            Beck
  57    Monroc         BATCH PLANT                                                              P       St.
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                                               US
                                                                                                               Bankcorp
                                                                                                               Capital
                       1981 CATEPILLAR                                                                         Lease
  58    Monroc    81   9888 LOADER #8015                        50W5558            40,000       P       NSL    10878-001
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                                               US
                                             Lease shows                                                       Bankcorp
                                             50W75305, but                                                     Capital
                       1981 CATEPILLAR       machine is                                                        Lease
  59    Monroc    81   9888 UNIT 8016        stamped 50W335     50W3564            35,000       P       NSL    10878-001
-----------------------------------------------------------------------------------------------------------------------------------

<PAGE>

<CAPTION>
<S>     <C>        <C> <C>                   <C>                <C>                <C>          <C>     <C>     <C>        <C>
-----------------------------------------------------------------------------------------------------------------------------------
                       1989 MICHIGAN
                       LOADER 6.5 YD FRONT
  60    Monroc    89   END                                      82A192CAC          30,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       BOBCAT LOADER FOR
  61    Monroc         KEARNS #8039                             22202               1,500       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       CAT 980C WHEEL
  63    Monroc    89   LOADER                                   60X9126            45,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       CAT 980G WHEEL
  64    Monroc    96   LOADER                                   2KR00449           135,500      P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                                      Park
  67    Monroc         KOMATSU LOADER                           20085              15,000       P      City
-----------------------------------------------------------------------------------------------------------------------------------
  68    Monroc         Michigan 150 Loader                      U60237                          P      Heber
-----------------------------------------------------------------------------------------------------------------------------------
                       KAWASAKI WHEEL
  69    Monroc         LOADER                                   70C25065           20,000       P     Bacchus
-----------------------------------------------------------------------------------------------------------------------------------
                       MICH VME L 140 5YD                                                             Park
  70    Monroc         M 6331F58                                831AC00522         30,000       P      City
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                                      Pt of
  72    Monroc         WA 500 LOADER                            AB1023             20,000       P     Mtn RM
-----------------------------------------------------------------------------------------------------------------------------------
                       150 HP TURBINE PUMP
  74    Monroc         WITH BARGE                                                   5,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       150 HP TURBINE WELL
  75    Monroc         PUMP                                                         5,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       2-25 HP TURBINE
  76    Monroc         PUMPS IN SERIES                                              2,500       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       30" X 42" UNIVERSAL
  77    Monroc         3042 JAW CRUSHER                         117X8              30,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       35" REMCO
                       DO-VSM90-353 IMPACT
  78    Monroc    98   CRUSHER                                  9050398136         60,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       35" REMCO
                       DO-VSM90-353 IMPACT
  79    Monroc   2000  CRUSHER                                  9050499165         60,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------

                                       24

<PAGE>

<CAPTION>
<S>     <C>      <C>   <C>                 <C>                  <C>                <C>        <C>      <C>       <C>        <C>
-----------------------------------------------------------------------------------------------------------------------------------
                       42" X 20"
  80    Monroc         CEDARAPIDS FEEDER                        39123              12,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
  81    Monroc         FEEDER KO-KAL FEEDER                                         3,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       GRIZZLEY VIB FEEDER
  82    Monroc         5781                                     EF379H              3,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       GRIZZFEED VARIABLE
  83    Monroc         GRIZZLY FEEDER                                               3,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
  84    Monroc         KALCO 48" FEEDER                                             5,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
  85    Monroc    99   MOTOR CONTROL CENTER                                        30,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
  86    Monroc    99   MOTOR CONTROL CENTER                                        30,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       UPSIZE CRUSHING AND
  87    Monroc         WASH PLANT                                                               P       NSL
                       44" X 32" EAGLE
-----------------------------------------------------------------------------------------------------------------------------------
  88    Monroc    99   SINGLE WASHER                                               30,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       44" X 32" GREYSTONE
  89    Monroc    99   TWIN WASH FINE SCREW                     FM44T4499373065    30,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       44" X 32" KOLBERG
  90    Monroc    99   TWIN FINE WASH SCREW                     400261             30,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       BACCHUS #2 WASH
  91    Monroc         PLANT                                                                    P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       7' X 20' HORIZONTAL
                       3 DECK SCREEN
  92    Monroc    99   #7203-38                                 48113              50,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       7' X 20' HORIZONTAL
                       3 DECK SCREEN
  93    Monroc    99   #7203-38                                 48211              50,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       100' STACKER
  94    Monroc         CONVEYOR                                                    12,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
  95    Monroc         1000 FT. CONVEYOR                                            5,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       30' CONVEY 30'
-----------------------------------------------------------------------------------------------------------------------------------
  96    Monroc         CONVEYOR                                                     1,500       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       30" X 100' KOLBERG
  97    Monroc    99   RADIAL STACKER                           401410             12,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       30" X 100' KOLBERG
  98    Monroc    99   RADIAL STACKER                           401411             12,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       30" X 100' KOLBERG
  99    Monroc    99   STACKER CONVEYOR                         401409             12,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       30" X 100' REESCO
 100    Monroc    99   FRAME CONVEYOR                                               5,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       30" x 100' FRAME
 101    Monroc    99   CONVEYER                                                     5,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       30" X GREYSTONE
 102    Monroc    99   TWIN BLADE MILL                          BM3654993748GS        900       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       30" X NORMSTOCKER
 103    Monroc    99   STAKER CONVEYOR                                              8,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       30" X REESCO FRAME
 104    Monroc    99   CONVEYOR                                                     3,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       30" X REESCO FRAME
 105    Monroc    99   CONVEYOR                                                     3,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       30" X REESCO FRAME
 106    Monroc    99   CONVEYOR                                                     3,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       30" X REESCO FRAME
 107    Monroc    99   CONVEYOR                                                     3,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       30" X REESCO FRAME
 108    Monroc    99   CONVEYOR                                                     3,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       30" X REESCO FRAME
 109    Monroc    99   CONVEYOR                                                     3,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       30" X 80' AMERICAN
 110    Monroc    99   FRAME CONVEYOR                                               4,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       30" X 80' REESCO
 111    Monroc    99   FRAME CONVEYOR                           3199E               4,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
<PAGE>

<CAPTION>
<S>     <C>      <C>   <C>                 <C>                  <C>                <C>        <C>      <C>       <C>    <C>
                       30" X 80' REESCO
 112    Monroc    99   FRAME CONVEYOR                                               4,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       30" X 80' REESCO
 113    Monroc    99   FRAME CONVEYOR                                               4,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       36" X 100'
                       GOODFELLOW DRIVE
 114    Monroc    99   CONVEYOR                                                     5,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       36" X 124" REESECO
 115    Monroc    99   FRAME CONVEYOR                                              14,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       36" X 124" REESECO
 116    Monroc    99   FRAME CONVEYOR                                               6,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       36" X 30'
 117    Monroc    99   MONROCBILT CONVEYOR                                          1,500       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       36" X 40"
                       MONROCBILT FRAME
 118    Monroc    99   CONVEYOR                                                     2,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       36" X 900'
                       GOODELLOW TRUSS
 119    Monroc    99   CONVEYOR                                                    45,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       35"X35' COVERED
 120    Monroc         CONVEYOR 200 FPM                                             3,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       CONVEYOR - LATTICE
 121    Monroc         FRMAME                                                       9,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       CONVEYORS FOR NSL
 122    Monroc         R/M BATCH PLANT                                                          P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       FEEDER CONVEYOR
 123    Monroc         30"X50' REBEL                            13C0603G            2,500       P
-----------------------------------------------------------------------------------------------------------------------------------
 124    Monroc         FEED CONVEYOR TO WET SCREEN HOMEMADE                         2,500       P
                       30"X54"
-----------------------------------------------------------------------------------------------------------------------------------
 125    Monroc         STACKER 30"X 80' RADIAL                  803OT871607         6,000       P       NSL
                       SPAULDING
-----------------------------------------------------------------------------------------------------------------------------------
                       STACKER MOD 150-24
 126    Monroc         NORDBERG                                 3500082             8,000       P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       STACKER 30"X60' RADIAL
 127    Monroc         CUSTOMBUILT S/N OBL                      OBL                 2,000       P     Bacchus1
-----------------------------------------------------------------------------------------------------------------------------------
                    3/4" STACKER CONVEYER                                                             Bacchus
 128    Monroc         24"X85' NO NAME RADIAL                                       2,000       P        1
-----------------------------------------------------------------------------------------------------------------------------------
                       3/8" STACKER CONVEYOR
 129    Monroc         GRIST RADIAL                             82-9891-1           3,000       P
-----------------------------------------------------------------------------------------------------------------------------------
 130    Monroc         300 BARREL SILO                                                          P
-----------------------------------------------------------------------------------------------------------------------------------
                       BATCHER-NSL R/M BATCH
 131    Monroc         PLANT                                                                    P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       AGGREGRATE STORAGE BINS -
 132    Monroc         SL MIX                                                                   P       NSL
-----------------------------------------------------------------------------------------------------------------------------------

                                       25
<PAGE>

<CAPTION>
<S>     <C>        <C> <C>                   <C>              <C>                <C>          <C>     <C>     <C>        <C>
-----------------------------------------------------------------------------------------------------------------------------------
                       AUTO CONTROL 2000 BATCH
 134    Monroc         CONTROLLER SL READY MIX                                                P       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       AUTO-CONTROL 200 BATCH
 136    Monroc         CONTROLLER - SL READY MIX                                              P       NSL
 -----------------------------------------------------------------------------------------------------------------------------------
                                                                                                             US
                                                                                                             Bancorp
                       BATCH PLANT AT POM; Noble                                                             Capital
                       Mobile 600 with                        8660R (plant);                        Pt of    Lease
 139    Monroc         Mixers/Controllers                     12000-43 (mi       500,000      P     Mtn RM   10878-004
-----------------------------------------------------------------------------------------------------------------------------------
                       BATCH ROOM AT POINT OF                                                       Pt of
 140    Monroc         THE MOUNTAIN                                                           P     Mtn RM
-----------------------------------------------------------------------------------------------------------------------------------
                       BOILER   BOILER-NSL R/M
 141    Monroc         PLANT                                                                  P      NSL
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                                    Park
 142    Monroc         CEMENT SILO                                                            P     City
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                                    Beck
 143    Monroc         CEMENT SILO-NSL R/M PLANT                                              P       St.
-----------------------------------------------------------------------------------------------------------------------------------
                       NEW CEMENT SILO AT PARK                                                      Park
 144    Monroc         CITY 190,000 POUNDS                                                    P     City
-----------------------------------------------------------------------------------------------------------------------------------
                       COMPRESSOR FOR NSL R/M
 145    Monroc         BATCH PLANT                                                            P      Heber
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                                    Pt of
 147    Monroc         BATCH PLANT ENCLOSURE POM                                              p     Mtn RM
-----------------------------------------------------------------------------------------------------------------------------------
                       HEBER CITY - READY MIX
 148    Monroc         PLANT                                                     100,000      p      Heber
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                                    Pt of
 149    Monroc         HOT WATER SYSTEM PT OF MT                                              p     Mtn RM
-----------------------------------------------------------------------------------------------------------------------------------
                       JADAIR RECLAIM SYSTEM -                                                       Park
 151    Monroc         PARK CITY                                                              p      City
-----------------------------------------------------------------------------------------------------------------------------------
                       NATBOILER NATCO C M 290                                                       Park
 152    Monroc         BOILER                                                                 p      City
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                                     Park
 153    Monroc         NATCO HEAT EXCHNG BOILER                                               p      City
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Point
                                                                                                             of
                       PHOENIX SEPARATOR, WATER                                                     Point    Mountain
 154    Monroc         TANK, INSTALLATION MISC                                                p     of Mtn   Aggregates
-----------------------------------------------------------------------------------------------------------------------------------
                       PORTABLE QPR 2000 AMT
 155    Monroc         PUGMILL                                                    5,000       p       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       PORTABLE BATCH PLANT AT                                                      Park
 156    Monroc         PARK CITY                                                 250,000      p      City
-----------------------------------------------------------------------------------------------------------------------------------
                       NORTH SALT LAKE READY MIX
 158    Monroc         PLANT BUILDING                                                         p     Utah RM
-----------------------------------------------------------------------------------------------------------------------------------
 159    Monroc         PT MT READY MIX ELECTRICAL                                             p     Utah RM
-----------------------------------------------------------------------------------------------------------------------------------
 160    Monroc         ENCLOSE READY MIX PLANT                                                p     Utah RM
-----------------------------------------------------------------------------------------------------------------------------------
                       READY MIX PLANT NCNELUS
 161    Monroc         W/O 78-7009, AUTH 026-78                                               p     Utah RM
-----------------------------------------------------------------------------------------------------------------------------------
 162    Monroc         VARIABLE SPEED CONTROL                                                 p       NSL
-----------------------------------------------------------------------------------------------------------------------------------
 163    Monroc         WET PLANT (WASH PLANT)                                                 p       NSL
-----------------------------------------------------------------------------------------------------------------------------------
 164    Monroc         OIL HEATER IN BECK ST SHOP                                             p       NSL
-----------------------------------------------------------------------------------------------------------------------------------
 165    Monroc         HEAT SYST FOR SHOP                                                     p       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       BECK ST. SCALES AND
 166    Monroc         SCALEHOUSE                                                             p       NSL
-----------------------------------------------------------------------------------------------------------------------------------
 167    Monroc         36" BELT SCALE                         N/A                50,000       p       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                       BELT SCALE AT EAGLE S&g
 168    Monroc         WASH PLNT                                                  2,500       p       NSL
-----------------------------------------------------------------------------------------------------------------------------------
 169    Monroc         NEW S&g scale house                                        2,500       p       NSL
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                                     Beck
 170    Monroc         TRUCK SCALE                                               50,000       p       St.
-----------------------------------------------------------------------------------------------------------------------------------
                       BATCH PLANT COMPUTERS,
                       UPGRADE, SOFTWARE, COMPAQ
 171    Monroc         COMPUTERS                                                              p
-----------------------------------------------------------------------------------------------------------------------------------

<PAGE>

<CAPTION>
<S>    <C>      <C> <C>                   <C>              <C>                <C>          <C>     <C>     <C>        <C>
----------------------------------------------------------------------------------------------------------------------------------
                    COMPUTER MONITOR PKG - PC                                                     Park
 172   Monroc       OFFICE                                                                 p      City
----------------------------------------------------------------------------------------------------------------------------------
                    TWO ACERLIGHT 372 COLOR
                    PENTIUM COMPUTERS -
 173   Monroc       CORPORATE                                                              p      NSL
----------------------------------------------------------------------------------------------------------------------------------
 174   Monroc       COPIER                                                                 p      NSL
----------------------------------------------------------------------------------------------------------------------------------
 177   Monroc       ELECTRONIC SCALE                                           1,500       p      NSL
----------------------------------------------------------------------------------------------------------------------------------
 178   Monroc       OFFICE FURNITURE                                                       p      NSL
----------------------------------------------------------------------------------------------------------------------------------
                    LAP TOP COMPUTER, PRINTER
 180   Monroc       EQUIP MANAGER CORP                                                     p      NSL
----------------------------------------------------------------------------------------------------------------------------------
 181   Monroc       OFFICE CUBICAL/BASEMENT                                                p      NSL
----------------------------------------------------------------------------------------------------------------------------------
 182   Monroc       OFFICE FURNITURE                                                       p      NSL
----------------------------------------------------------------------------------------------------------------------------------
                    PHONE SYSTEM BECK (CAP                                                                Will be
 183   Monroc       LEASE)                                                                 p      NSL    paid off
----------------------------------------------------------------------------------------------------------------------------------
 184   Monroc       POSTAGE STAMP MACHINE                                                  p      NSL
----------------------------------------------------------------------------------------------------------------------------------
                    POSTAGE STAMP MACHINE FOR
 185   Monroc       CORPORATION                                                            p      NSL
----------------------------------------------------------------------------------------------------------------------------------
                    CONF ROOM TABLE FOR
 186   Monroc       HEADQTRS                                                               p      NSL
----------------------------------------------------------------------------------------------------------------------------------
                    90110 AUTO BATCH                                                             Park
 187   Monroc       CONTROLLER DISPATCH SYSTEM                                             p     City
----------------------------------------------------------------------------------------------------------------------------------
                                                                                                 Park
 188   Monroc       CAST STONE 30X75 BLDG                                                  p     City
----------------------------------------------------------------------------------------------------------------------------------
 189   Monroc       CASTSTONE BUILDING                                                     p      NSL
----------------------------------------------------------------------------------------------------------------------------------
                                                                                                 Park
 190   Monroc       CEMENT SILO KEARNS                                                     p     City
----------------------------------------------------------------------------------------------------------------------------------
                    CONTROL 8' X 10' MOTOR                                                       Pt of
 191   Monroc       CONTROL CENTER                                             5,000       p     Mtn RM
----------------------------------------------------------------------------------------------------------------------------------
                                                                                                 Beck
 192   Monroc       TWO NORBERG STACKERS                                      15,000       P     Street
----------------------------------------------------------------------------------------------------------------------------------
                                                                                                 Beck
 193   Monroc       54" EAGLE  SANDSCREW                                      15,000       p     Street
----------------------------------------------------------------------------------------------------------------------------------
                    TWO LARGE CEMENT SILOS                                                                May be
 194   Monroc       BECK STREET                                                            P      NSL    duplicate
----------------------------------------------------------------------------------------------------------------------------------
                                                                                                 Beck
                                                                                                 St. &
                                                                                                 Pt of
 195   Monroc       PERRY BLOCK FORMS                                                      P       Mtn
----------------------------------------------------------------------------------------------------------------------------------
 196   Monroc       CEMENT SILO IN HEBER                                                   P      Heber
----------------------------------------------------------------------------------------------------------------------------------
                                                                                                 Beck
 197   Monroc       FLOOR JACKS & other                                                    p       St.
----------------------------------------------------------------------------------------------------------------------------------
                                                                                                 Beck
 198   Monroc       300A ARC WELDER                                            1,500       P       St.
----------------------------------------------------------------------------------------------------------------------------------
                                                                                                            GE
                                                                                                            Capital
                                                Mixer                                                       Oper
                                                Truck                                                       Lease
 199   Monroc  96   Mack FD                     w/Radio      1S9C71331T1136616  45,000       p     Utah RM  2116   7023
----------------------------------------------------------------------------------------------------------------------------------

                                      26
<PAGE>

<CAPTION>
<S>    <C>      <C>   <C>                    <C>          <C>                 <C>        <C>     <C>      <C>      <C>
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         GE
                                                                                                         Capital
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 200    Monroc    96   Mack FD               w/Radio      1S9C761333T1136617 45,000       p     Utah RM  2116      7024
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         GE
                                                                                                         Capital
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 201    Monroc    96   Mack FD               w/Radio      1S9C71335T1136621  45,000       p     Utah RM  2116      7028
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         GE
                                                                                                         Capital
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 202    Monroc    96   Mack FD               w/Radio      1S9C71338T1136614  45,000       p     Utah RM  2116      7021
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         GE
                                                                                                         Capital
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 203    Monroc    96   Mack FD               w/Radio      1S9C71339T1136623  45,000       p     Utah RM  2116      7030
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         GE
                                                                                                         Capital
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 204    Monroc    96   Mack FD               w/Radio      1S9C7133T1136620   45,000       p     Utah RM  2116      7027
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         GE
                                                                                                         Capital
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 205    Monroc    96   Mack FD               w/Radio      1S9C7133XT1136615  45,000       p     Utah RM  2116      7118
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         GE
                                                                                                         Capital
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 206    Monroc    96   Mack FD               w/Radio      AS9C7133XT1136618  45,000       p     Utah RM  2116      7025
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         GE
                                                                                                         Capital
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 207    Monroc    96   Mack FD               w/Radio      1S9C7133XT1136619  45,000       p     Utah RM  2116      7026
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         GE
                                                                                                         Capital
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 208    Monroc    96   Mack FD               w/Radio      1S9C7133XT1136622  45,000       p     Utah RM  2116      7029
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         Banc
                                                                                                         One
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 209    Monroc    00   Advance FD            w/Radio      5DG8AU7T0Y0008116  125,000      p     Utah RM  2118      7084
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         Banc
                                                                                                         One
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 210    Monroc    00   Advance FD            w/Radio      5DG8AU7T1Y0008044  125,000      p     Utah RM  2118      7061
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         Banc
                                                                                                         One
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 211    Monroc    00   Advance FD            w/Radio      5DG8AU7T1Y0008061  125,000      p     Utah RM  2118      7062
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         Banc
                                                                                                         One
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 212    Monroc    00   Advance FD            w/Radio      5DG8AU7T2Y0008117  125,000      p     Utah RM  2118      7063
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         Banc
                                                                                                         One
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 213    Monroc    00   Advance FD            w/Radio      5DG8AU7T3Y0008045  125,000      p     Utah RM  2118      7060
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         Banc
                                                                                                         One
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 214    Monroc    00   Advance FD            w/Radio      5DG8AU7T5Y00008046 125,000      p     Utah RM  2118      7059
-----------------------------------------------------------------------------------------------------------------------------

<PAGE>

<CAPTION>
<S>     <C>       <C>  <C>                   <C>          <C>                <C>          <C>   <C>      <C>       <C>
                                                                                                         Banc
                                                                                                         One
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 215    Monroc    00   Advance FD            w/Radio      5DG8AU7TXY0008043  125,000      p     Utah RM  2118      7058
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         GE
                                                                                                         Capital
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 216    Monroc    98   Mack FD               w/Radio      1S9C7134W1136744   87,000       p     Utah RM  2131      7116
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         GE
                                                                                                         Capital
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 217    Monroc    98   Mack FD               w/Radio      1S9C71338W1136736  87,000       p     Utah RM  2131      7117
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         GE
                                                                                                         Capital
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 218    Monroc    98   Mack FD               w/Radio      1S9C71338W1136745  87,000       p     Utah RM  2131      7537
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         GE
                                                                                                         Capital
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 219    Monroc    98   Mack FD               w/Radio      1S9C71338W1136746  87,000       p     Utah RM  2131      7538
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         Safeco
                                                                                                         Credit
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 220    Monroc    98   Advance FD            w/Radio      1A9TAC4S6W0007152  87,000       p     Utah RM  2134      7076
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         Safeco
                                                                                                         Credit
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 221    Monroc    98   Advance FD            w/Radio      1A9TACM0W0007368   87,000       p     Utah RM  2134      7078
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         Safeco
                                                                                                         Credit
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 222    Monroc    98   Advance FD            w/Radio      1A9TAC7M1W0007377  87,000       p     Utah RM  2134      7083
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         Safeco
                                                                                                         Credit
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 223    Monroc    98   Advance FD            w/Radio      1A9TAC7M2W0007369  87,000       p     Utah RM  2134      7085
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         Safeco
                                                                                                         Credit
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 224    Monroc    98   Advance FD            w/Radio      1A9TAC7M2W0007372  87,000       p     Utah RM  2134      7082
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         Safeco
                                                                                                         Credit
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 225    Monroc    98   Advance FD            w/Radio      1A9TAC7M6W0007374  87,000       p     Utah RM  2134      7079
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         Safeco
                                                                                                         Credit
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 226    Monroc    98   Advance FD            w/Radio      1A9TAC7M8W0007375  87,000       p     Utah RM  2134      7080
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         Safeco
                                                                                                         Credit
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 227    Monroc    98   Advance FD            w/Radio      1A9TACM9W0007370   87,000       p     Utah RM  2134      7084
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         Safeco
                                                                                                         Credit
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 228    Monroc    98   Advance FD            w/Radio      1A9TACMOW0007371   87,000       p     Utah RM  2134      7081
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         Safeco
                                                                                                         Credit
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 229    Monroc    98   Advance FD            w/Radio      1A9TAG7M9W0007367  87,000       p     Utah RM  2134      7077
-----------------------------------------------------------------------------------------------------------------------------
                                                                                                         Concord
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 230    Monroc    99   Advance FD            w/Radio      1A9TAC7M2X0007888  105,000      p     Utah RM  2142      7088
-----------------------------------------------------------------------------------------------------------------------------
<PAGE>

<CAPTION>
<S>     <C>       <C>  <C>                   <C>          <C>                <C>          <C>   <C>      <C>       <C>
                                                                                                         Concord
                                             Mixer                                                       Oper
                                             Truck                                                       Lease
 231    Monroc    99   Advance FD            w/Radio      1A9TAC7M3X0007883  105,000      p     Utah RM  2142      7086
-----------------------------------------------------------------------------------------------------------------------------

                                       27
<PAGE>

<CAPTION>
<S>    <C>       <C>   <C>                    <C>          <C>                <C>         <C>   <C>       <C>       <C>
------------------------------------------------------------------------------------------------------------------------------
                                                                                                          Concord
                                              Mixer                                                       Oper
                                              Truck                                                       Lease
 232    Monroc    99   Advance FD             w/Radio      1A9TAC7M4X0007889  105,000      p     Utah RM  2142      7090
------------------------------------------------------------------------------------------------------------------------------
                                                                                                          Concord
                                              Mixer                                                       Oper
                                              Truck                                                       Lease
 233    Monroc    99   Advance FD             w/Radio      1A9TAC7M6X0007960  105,000      p     Utah RM  2142      7091
------------------------------------------------------------------------------------------------------------------------------
                                                                                                          Concord
                                              Mixer                                                       Oper
                                              Truck                                                       Lease
 234    Monroc    99   Advance FD             w/Radio      1A9TAC7M7X0007885  105,000      p     Utah RM  2142      7087
------------------------------------------------------------------------------------------------------------------------------
                                                                                                          Concord
                                              Mixer                                                       Oper
                                              Truck                                                       Lease
 235    Monroc    99   Advance FD             w/Radio      1A9TAC7M8X0007863  105,000      p     Utah RM  2142      7087
------------------------------------------------------------------------------------------------------------------------------
                                                                                                          Concord
                                              Mixer                                                       Oper
                                              Truck                                                       Lease
 236    Monroc    99   Advance FD             w/Radio      1A9TACMXX0007959   105,000      p     Utah RM  2142      7092
------------------------------------------------------------------------------------------------------------------------------
                                                                                                          Concord
                                              Mixer                                                       Oper
                                              Truck                                                       Lease
 237    Monroc    99   Advance FD             w/Radio      1A9TAC7MXX0007962  105,000      p     Utah RM  2142      7093
------------------------------------------------------------------------------------------------------------------------------
                                                                                                          B of A
                                                                                                          Oper
                                                                                                          Lease
                                              Mixer                                                       2143 -
                                              Truck                                                       HAVE
 238    Monroc    99   Advance FD             w/Radio      1A9TAC7M0X0007002  105,000      p     Utah RM  TITLE     7099
------------------------------------------------------------------------------------------------------------------------------
                                                                                                          B of A
                                                                                                          Oper
                                                                                                          Lease
                                              Mixer                                                       2143 -
                                              Truck                                                       HAVE
 239    Monroc    99   Advance FD             w/Radio      1A9TACM1X0007008   105,000      p     Utah RM  TITLE     7050
------------------------------------------------------------------------------------------------------------------------------
                                                                                                          B of A
                                                                                                          Oper
                                                                                                          Lease
                                              Mixer                                                       2143 -
                                              Truck                                                       HAVE
 240    Monroc    99   Advance FD             w/Radio      1A9TAC7M1X0007977  105,000      p     Utah RM  TITLE     7097
------------------------------------------------------------------------------------------------------------------------------
                                                                                                          B of A
                                                                                                          Oper
                                                                                                          Lease
                                              Mixer                                                       2143 -
                                              Truck                                                       HAVE
 241    Monroc    99   Advance FD             w/Radio      1A9TAC7M2X0007969  105,000      p     Utah RM  TITLE     7095
------------------------------------------------------------------------------------------------------------------------------
                                                                                                          B of A
                                                                                                          Oper
                                                                                                          Lease
                                              Mixer                                                       2143 -
                                              Truck                                                       HAVE
 242    Monroc    99   Advance FD             w/Radio      1A9TAC7M4X0007973  105,000      p     Utah RM  TITLE     7096
------------------------------------------------------------------------------------------------------------------------------
                                                                                                          B of A
                                                                                                          Oper
                                                                                                          Lease
                                              Mixer                                                       2143 -
                                              Truck                                                       HAVE
 243    Monroc    99   Advance FD             w/Radio      1A9TAC7M5X0007005  105,000      p     Utah RM  TITLE     7098
------------------------------------------------------------------------------------------------------------------------------
                                                                                                          B of A
                                                                                                          Oper
                                                                                                          Lease
                                              Mixer                                                       2143 -
                                              Truck                                                       HAVE
 244    Monroc    99   Advance FD             w/Radio      1A9TAC7M5X0007965  105,000      p     Utah RM  TITLE     7094
------------------------------------------------------------------------------------------------------------------------------
                                                                                                          GE
                                                                                                          Capital
                                              Mixer                                                       Oper
                                              Truck                                                       Lease
 245    Monroc    99   Advance FD             w/Radio      1A9TAC7M2X0007020  105,000      p     Utah RM  2145      7055
------------------------------------------------------------------------------------------------------------------------------

<PAGE>
<CAPTION>
<S>     <C>        <C> <C>                   <C>           <C>                <C>       <C>            <C>       <C>   <C>
--------------------------------------------------------------------------------------------------------------------------
                                                                                                      GE
                                                                                                      Capital
                                              Mixer                                                   Oper
                                              Truck                                                   Lease
 246    Monroc    99   Advance FD             w/Radio      1A9TAC7M3X0007012  105,000    p   Utah RM  2145      7052
--------------------------------------------------------------------------------------------------------------------------
                                                                                                      GE
                                                                                                      Capital
                                              Mixer                                                   Oper
                                              Truck                                                   Lease
 247    Monroc    99   Advance FD             w/Radio      1A9TAC7M7X0007028  105,000    p   Utah RM  2145      7053
--------------------------------------------------------------------------------------------------------------------------
                                                                                                      GE
                                                                                                      Capital
                                              Mixer                                                   Oper
                                              Truck                                                   Lease
 248    Monroc    99   Advance FD             w/Radio      1A9TAC7MOXOOO7016  105,000    p   Utah RM  2145      7051
--------------------------------------------------------------------------------------------------------------------------
                                                                                                      GE
                                                                                                      Capital
                                              Mixer                                                   Oper
                                              Truck                                                   Lease
 249    Monroc    99   Advance FD             w/Radio      1A9TAC7MXX0007024  105,000    p   Utah RM  2145      7053
--------------------------------------------------------------------------------------------------------------------------
                                              Mixer
                                              Truck

 250    Monroc    94   Mack FD                w/Radio      1S9C71331R1136415  20,000     p   Utah RM            7107
--------------------------------------------------------------------------------------------------------------------------
                                              Mixer
                                              Truck                                                   Have
 251    Monroc    94   Mack FD                w/Radio      1S9C71332R1136360  20,000     p   Utah RM  title     7008
--------------------------------------------------------------------------------------------------------------------------
                                              Mixer
                                              Truck                                                   Have
 252    Monroc    94   Mack FD                w/Radio      1S9C71334R1136358  20,000     p   Utah RM  title     7009
--------------------------------------------------------------------------------------------------------------------------
                                              Mixer

                                              Truck                                                   Have
 253    Monroc    94   Mack FD                w/Radio      1S9C71336R1136359  20,000     p   Utah RM  title     7106
--------------------------------------------------------------------------------------------------------------------------
                                              Mixer
                                              Truck                                                   Have
 254    Monroc    94   Mack FD                w/Radio      1S9C71337R1136354  20,000     p   Utah RM  title     7104
--------------------------------------------------------------------------------------------------------------------------
                                              Mixer
                                              Truck                                                   Have
 255    Monroc    94   Mack FD                w/Radio      1S99C71337R1136418 20,000     p   Utah RM  title     7108
--------------------------------------------------------------------------------------------------------------------------
                                              Mixer
                                              Truck                                                   Have
 256    Monroc    94   Mack FD                w/Radio      1S9C71339R1136355  20,000     p   Utah RM  title     7105
--------------------------------------------------------------------------------------------------------------------------
                                              Mixer
                                              Truck
 257    Monroc    86   Advance FD             w/Radio      D1325HGB10938       6,000     p   Utah RM            7002
--------------------------------------------------------------------------------------------------------------------------
                                              Mixer
                                              Truck
 258    Monroc    85   OSHK                   w/Radio      1OT3R2GB8F10255410  6,000     p   Utah RM            7102
---------------------------------------------------------------------------------------------------------------------------
                                              Added to
        Monroc    96   DODGE RAM              list         1B7K26Z2TS707277              p   Utah RM            22822
--------------------------------------------------------------------------------------------------------------------------
        Monroc    99   FORD EXPLORER                       1FMZU34E8XUC84656             p   Utah RM            32010
--------------------------------------------------------------------------------------------------------------------------
                                              Added to                                                Carl
        Monroc    99   CHEVY TAHOE            list         1GNEK13RXJ416491   20,000     p   Utah RM  Clements  31111
--------------------------------------------------------------------------------------------------------------------------
                                              Added to
        Monroc    99   FORD                   list         1FMZU34E6XUC84655  20,000     p   Utah RM            32009
--------------------------------------------------------------------------------------------------------------------------
                                              Added to
        Monroc   2000  DODGE RAM              list         1B7HF16Z57S632358             p   Utah RM            35195
--------------------------------------------------------------------------------------------------------------------------
                                              Added to
        Monroc    96   DODGE                  list         1B7HC16Y1SS343940             p   Utah RM            22825
--------------------------------------------------------------------------------------------------------------------------
                                              Added to                                                Chris
        Monroc   2000  FORD EXPLORER          list         1FM2U72X1Y2C30888  20,000     p   Utah RM  Faulkner  35671
--------------------------------------------------------------------------------------------------------------------------
                       P&H Dragline (Used
                       to clean Monroc        Added to
        Monroc         Beck St. ponds)        list                                       p   Utah RM
--------------------------------------------------------------------------------------------------------------------------
                       USED NORTHWEST 95D     Added back                                      North
        Monroc         DRAGLINE #2008         to list           12789, 534-92            p     SL
--------------------------------------------------------------------------------------------------------------------------
                                              Added back
        Monroc         HYSTER FORKLIFT        to list           YT79211                  p     NSL
--------------------------------------------------------------------------------------------------------------------------
                                              Added back
        Monroc    96   CAT D10R DOZER         to list           3KR412                   p     NSL
--------------------------------------------------------------------------------------------------------------------------
                                       28
<PAGE>

<CAPTION>
<S>    <C>      <C>  <C>                         <C>          <C>                <C>      <C>   <C>      <C>    <C>
-----------------------------------------------------------------------------------------------------------------------------
                     PT. MT. M STORAGE -         Added back                                     Pt of
        Monroc       RAILROAD BOX CARS           to list                                  P     Mtn RM
-----------------------------------------------------------------------------------------------------------------------------
                                                 Added back
        Monroc       CAT 235D EXCAVATOR          to list      8KJ178                      p       NSL
-----------------------------------------------------------------------------------------------------------------------------
                     DATALINES ASSOCIATED WITH
                     BECK ST., HEBER CITY AND
        Monroc       PARK CITY PLANTS                                                     P     Utah RM
-----------------------------------------------------------------------------------------------------------------------------
                     PHONE LINES ASSOCIATES
        Monroc       WITH READY MIX PLANTS                                                P     Utah RM
-----------------------------------------------------------------------------------------------------------------------------
 LEL
-----------------------------------------------------------------------------------------------------------------------------
        Leland       IMT Dominator II Service
  1     RM           Struck                      w/Radio      1FDNF82C7WVA32199  65,000   p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland
  2     RM      69   PETERBILT COE WATER TRUCK   w/Radio      32163                 600   p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland
  3     RM           CONFERENCE TRAILER                                           1,000   p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland
  4     RM           Concrete Mixer Bowl                                                  p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland       Concrete Mixer Bowl &
  5     RM           Roller Sub Assembly                                                  p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland
  6     RM           DRUM MIXER FABRICATION                                               p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland
  7     RM           New Concrete Mixer Bowl                                              p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland
  8     RM           U-CART CONCRETE BUGGY                    7SK00668           170,000  p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland
  9     RM      96   Cat 970F Loader                                                500   p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland
  10    RM           87 SAVAGE MIXER TRUCK                                          500   p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland
  11    RM           87 WRIGHTWAY MIXER TRUCK                                     3,500   p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland
  12    RM           30X40 CONVEYOR                                               6,000   p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland
  13    RM           36"X70' STACKABLE CONVEYOR                                  100,000  p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland       12 YD CONCRETE AGGREGATE
  14    RM           BATCHER                                                              p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland       1996 Custom Built
  15    RM           Concrete Plant Building                                              p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland
  16    RM           200BBL CEMENT STORAGE SILO                                           p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland
  17    RM           4000 Gal Water Tank                                          2,000   p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland       96 Boiler For Concrete
  18    RM           Plan                                                                 p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland
  19    RM           CONCRETE STORAGE BIN                                                 p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland
  20    RM           Control House                                                        p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland
  21    RM           ROSS BANDIT CONCRETE PLANT                                  30,000   p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland
  22    RM           Office Computer Equipment                                            p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland       U99 Van Trailer for
  23    RM           Storage                                                      1,000   p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland
  24    RM           1999 Mercury Mountaineer                 4M2ZU54E1XUJ09207  18,000   p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland
  25    RM           Bulk Cement Guppy or Silo                                            p     Leland
-----------------------------------------------------------------------------------------------------------------------------
        Leland
  26    RM           95 Ford F150 Supercab                    1FTEX15Y8SKB16303   9,800   p     Leland
-----------------------------------------------------------------------------------------------------------------------------

<PAGE>

<CAPTION>
<S>     <C>        <C> <C>                   <C>                <C>                <C>     <C>   <C>       <C>       <C>
------------------------------------------------------------------------------------------------------------------------------
        Leland         Allis Chalmers 200 KW
  27    RM             generator                                                      500  p     Leland
------------------------------------------------------------------------------------------------------------------------------
        Leland
  28    RM             Solaire J40 DWPE Generator                                     500  p     Leland
------------------------------------------------------------------------------------------------------------------------------
        Leland
  29    RM             1980 Crane Mixer Truck                                         500  p     Leland
------------------------------------------------------------------------------------------------------------------------------
        Leland
  30    RM             170 Barrel Lime Silo                                                p     Leland
------------------------------------------------------------------------------------------------------------------------------
        Leland         1983 Fruehauf Aluminium
  31    RM             pup tir                                                      1,000  p     Leland
------------------------------------------------------------------------------------------------------------------------------
        Leland
  32    RM             1973 Beale Cement tlr                                        3,000  p     Leland
------------------------------------------------------------------------------------------------------------------------------
        Leland         Gardiner Denver Air
  33    RM             Compressor                                                     500  p     Leland
------------------------------------------------------------------------------------------------------------------------------
        Leland
  34    RM             CDI Dispatch software                                               p     Leland
------------------------------------------------------------------------------------------------------------------------------
                                                                                                          Safeco
                                                   Mixer                                                  Oper
        Leland                                     Truck                                                  Lease
  35    RM        96   96 OSH-KOSH MIXER           w/Radio      1OT3R0SS061052952  55,000  p     Leland   34063-003
------------------------------------------------------------------------------------------------------------------------------
                                                                                                          Safeco
                                                   Mixer                                                  Oper
        Leland                                     Truck                                                  Lease
  36    RM        96   96 OSH-KOSH MIXER           w/Radio      1OT3R0SS2T1052953  55,000  p     Leland   34063-003
------------------------------------------------------------------------------------------------------------------------------
                                                                                                          Safeco
                                                   Mixer                                                  Capital
        Leland         96 OSH-KOSH MIXER TRUCK -   Truck                                                  Lease
  37    RM        96   S-2146                      w/Radio      1OT3ROSS2T1052944  55,000  p     Leland   34063-002
------------------------------------------------------------------------------------------------------------------------------
                                                                                                          Safeco
                                                   Mixer                                                  Capital
        Leland         96 OSH-KOSH MIXER TRUCK -   Truck                                                  Lease
  38    RM        96   S-2146                      w/Radio      1OT3ROSS2T1052945  55,000  p     Leland   34063-002
------------------------------------------------------------------------------------------------------------------------------
                                                                                                          Safeco
                                                   Mixer                                                  Capital
        Leland         96 OSH-KOSH MIXER TRUCK -   Truck                                                  Lease
  39    RM        96   S-2146                      w/Radio      1OT3ROSS2T1052946  55,000  p     Leland   34063-002
------------------------------------------------------------------------------------------------------------------------------

                                       29

<PAGE>

<CAPTION>
<S>     <C>       <C>  <C>                         <C>          <C>                <C>        <C>   <C>      <C>        <C>
                                                                                                             Safeco
                                                   Mixer                                                     Capital
        Leland         96 OSH-KOSH MIXER TRUCK -   Truck                                                     Lease
  40    RM        96   S-2146                      w/Radio      1OT3ROSS1T1052947  55,000     p     Leland   34063-002
---------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Safeco
                                                   Mixer                                                     Oper
        Leland                                     Truck                                                     Lease
  41    RM        97   97 OSH-KOSH MIXER           w/Radio      1OTMAWD20VS063085  65,000     p     Leland   34063-006

---------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Safeco
                                                   Mixer                                                     Oper
        Leland                                     Truck                                                     Lease
  42    RM        97   97 OSH-KOSH MIXER           w/Radio      1OTMAWD24VS063087  65,000     p     Leland   34063-006
---------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Safeco
                                                   Mixer                                                     Oper
        Leland                                     Truck                                                     Lease
  43    RM        97   97 OSH-KOSH MIXER           w/Radio      1OTMAWD24VS063090  65,000     p     Leland   34063-006

---------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Safeco
                                                   Mixer                                                     Oper
        Leland                                     Truck                                                     Lease
  44    RM        97   97 OSH-KOSH MIXER           w/Radio      1OTMAWD26VS063088  65,000     p     Leland   34063-006
---------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Safeco
                                                   Mixer                                                     Oper
        Leland                                     Truck                                                     Lease
  45    RM        97   97 OSH-KOSH MIXER           w/Radio      1OTMAWD28VS063089  65,000     p     Leland   34063-006
---------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Safeco
                                                   Mixer                                                     Oper
        Leland                                     Truck                                                     Lease
  46    RM        96   97 OSH-KOSH MIXER           w/Radio      1OT3ROSSXT1052635  55,000     p     Leland   34063-012
---------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Safeco
                                                   Mixer                                                     Oper
        Leland                                     Truck                                                     Lease
  47    RM        99   97 OSH-KOSH MIXER           w/Radio      1OTMAWD26X5066088  116,000    p     Leland   34063-012
---------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Safeco
                                                   Mixer                                                     Oper
        Leland                                     Truck                                                     Lease
  48    RM        99   97 OSH-KOSH MIXER           w/Radio      10TRAWD23YS067061  116,000    p     Leland   34063-013
---------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Safeco
                                                   Mixer                                                     Oper
        Leland                                     Truck                                                     Lease
  49    RM        99   97 OSH-KOSH MIXER           w/Radio      10TRAWD23XS067060  116,000    p     Leland   34063-013
---------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Safeco
                                                   Mixer                                                     Oper
        Leland                                     Truck                                                     Lease
  50    RM        0    2000 OSH-KOSH MIXER         w/Radio      10TRAWD10YSO67137  130,000    p     Leland   34063-014
---------------------------------------------------------------------------------------------------------------------------------
                                                                                                             Safeco
                                                   Mixer                                                     Capital
        Leland                                     Truck                                                     Lease
  51    RM        96   96 OSH-KOSH MIXER           w/Radio      1DT3ROSS2T1053729  55,000     p     Leland   34063-004
---------------------------------------------------------------------------------------------------------------------------------
 ERM
---------------------------------------------------------------------------------------------------------------------------------
        Eagle
  1     RM             Storage Trailer                                              1,000     P      Lehi
---------------------------------------------------------------------------------------------------------------------------------
        Eagle
  2     RM             Office Trailer                                                 500     P      Lehi
---------------------------------------------------------------------------------------------------------------------------------
        Eagle
  3     RM             Shop Trailer                                                   500     P      Lehi
---------------------------------------------------------------------------------------------------------------------------------
        Eagle
  4     RM             1983 950B Wheel Loader                   65R01406           22,000     P      Lehi
---------------------------------------------------------------------------------------------------------------------------------
        Eagle
  5     RM             Air Compressor                           ING3000E25PKG         500     P      Lehi
---------------------------------------------------------------------------------------------------------------------------------
        Eagle          Batch Plant with belts &
  6     RM             accessories                                                 175,00     P      Lehi
---------------------------------------------------------------------------------------------------------------------------------
        Eagle
  7     RM             Boiler                                                                 P      Lehi
---------------------------------------------------------------------------------------------------------------------------------
        Eagle
  8     RM             Used Green Silo                                                        P      Lehi
---------------------------------------------------------------------------------------------------------------------------------
        Eagle
  9     RM             Bobcat Compressor                                              500     P      Lehi
---------------------------------------------------------------------------------------------------------------------------------

<PAGE>

<CAPTION>
<S>     <C>        <C> <C>                         <C>       <C>                <C>          <C>    <C>    <C>          <C>

        Eagle
  10    RM             Office Furniture                                                      P      Lehi
--------------------------------------------------------------------------------------------------------------------------------
        Eagle
  11    RM             Radio System                                                          P      Lehi
--------------------------------------------------------------------------------------------------------------------------------
        Eagle
  12    RM             95 Ford F150                          2FTDF15Y2SCA34943   9,800       P      Lehi
--------------------------------------------------------------------------------------------------------------------------------
        Eagle
  13    RM             2000 F150 Ford Pickup                 1FTRX18L7YKA84728  17,000       P      Lehi
--------------------------------------------------------------------------------------------------------------------------------
                                                                                                            Banc
                                                   Mixer                                                    One
        Eagle                                      Truck                                                    Oper
  14    RM        0    2000 Oshkosh Mixer          w/Radio   1OTRAAC20YS068902  130,000      P      Lehi    Lease 1
--------------------------------------------------------------------------------------------------------------------------------
                                                                                                            Banc
                                                   Mixer                                                    One
        Eagle                                      Truck                                                    Oper
  15    RM        0    2000 Oshkosh Mixer          w/Radio   1OTRAAC22YS068903  130,000      P      Lehi    Lease 1
--------------------------------------------------------------------------------------------------------------------------------
                                                   Mixer
        Eagle                                      Truck
  16    RM        88   1988 Advance Mixer          w/Radio   1A9TAC6S3J0007776   7,000       P      Lehi
--------------------------------------------------------------------------------------------------------------------------------
                                                   Mixer
        Eagle                                      Truck
  17    RM        88   1988 Advance Mixer          w/Radio   1A9TAC6S5J0007777   7,000       P      Lehi
--------------------------------------------------------------------------------------------------------------------------------
                                                   Mixer
        Eagle                                      Truck
  18    RM        90   1990 Mack Mixer             w/Radio   1S9C10081N1136131   7,000       P      Lehi
--------------------------------------------------------------------------------------------------------------------------------
                                                   Mixer
        Eagle                                      Truck
  19    RM        90   1990 Mack Mixer             w/Radio   1S9C10087L1136051   7,000       P      Lehi
--------------------------------------------------------------------------------------------------------------------------------
                                                   Mixer
        Eagle                                      Truck
  20    RM        92   1992 Mack Mixer             w/Radio   1S9C10085L1136050  10,000       P      Lehi
--------------------------------------------------------------------------------------------------------------------------------
                                                   Mixer
        Eagle                                      Truck
  21    RM        93   1993 Mack Mixer             w/Radio   1S9C71331P1136170  12,000       P      Lehi
--------------------------------------------------------------------------------------------------------------------------------
  GD
--------------------------------------------------------------------------------------------------------------------------------
                                                                                                            Safeco
                                                                                                            Lease
                                                                                                            23
                                                   Service                                                  (Lease
                       1999 Ford F800 Service      Truck                                                    to be
  1     Geodyne   99   Truck                       w/Radio   3FENF8014XMA13246  35,000       S              assumed)
--------------------------------------------------------------------------------------------------------------------------------
                                                                                                            Safeco
                                                                                                            Lease
                                                                                                            24
                                                                                                            (Lease
                       1999 Kenworth W900B         Tractor                                                  to be
  2     Geodyne   99   Transport Truck             w/Radio   1XKWPBEX2XR836281  60,000       S              assumed)
--------------------------------------------------------------------------------------------------------------------------------
                                                                                                            Safeco
                                                                                                            Lease
                                                                                                            24
                                                                                                            (Lease
                       1999 Trial King TK 10SA                                                              to be
  3     Geodyne   99   Transport Trailer                     1TKA04831XM068300  36,000       S              assumed)
--------------------------------------------------------------------------------------------------------------------------------
                                                                                                   Beck     HAVE
  4     Geodyne   90   90 FORD PICKUP TRUCK                  1FTE025YXLLA50180   1,200       S     Street   TITLE
--------------------------------------------------------------------------------------------------------------------------------
                                                                                                   Beck
  5     Geodyne        FORD LN 900 TRUCK                                        10,000       S     Street
--------------------------------------------------------------------------------------------------------------------------------
                                                                                                   Beck     HAVE
  6     Geodyne        WELDING TRUCK                         1FDWF60H4EVA53398  18,000       S     Street   TITLE
--------------------------------------------------------------------------------------------------------------------------------
                                                                                                   Beck
  7     Geodyne        LAY-MOR 8B SWEEPER                    25194-001           9,000       S     Street
--------------------------------------------------------------------------------------------------------------------------------
                                                                                                   Beck     Safeco

                                       30
<PAGE>

<CAPTION>
<S>     <C>        <C> <C>                                <C>                <C>        <C>  <C>      <C>          <C>
--------------------------------------------------------------------------------------------------------------------------
  8     Geodyne        LAY-MOR 8B SWEEPER                 621654-002          9,000     S    Street   Lease 23
--------------------------------------------------------------------------------------------------------------------------
                                                                                             Beck
  9     Geodyne        CAT D7 DOZER                       N/A                20,000     S    Street
--------------------------------------------------------------------------------------------------------------------------
                                                                                             Beck
  10    Geodyne        5 ea. STORAGE TRAILERS             N/A                 7,000     S    Street
--------------------------------------------------------------------------------------------------------------------------
                                                                                             Beck
  11    Geodyne  1994  HOLDEN TILT DECK TRAILER           11367J? 254257     10,000     S    Street
--------------------------------------------------------------------------------------------------------------------------
                                                                                             Beck
  12    Geodyne        PETROMAT FLATBED TRAILER                               4,500     S    Street
--------------------------------------------------------------------------------------------------------------------------
                                                                                             Beck     HAVE
  13    Geodyne        ROLLER TRAILER                     4MSCH1822TTX02738   2,500     S    Street   TITLE
--------------------------------------------------------------------------------------------------------------------------
                                                                                             Beck     HAVE
  14    Geodyne        STARLITE SAW TRAILER               137F101RC052413       500     S    Street   TITLE
--------------------------------------------------------------------------------------------------------------------------
                                                                                             Beck     HAVE
  15    Geodyne        FABRIC TRAILER                     1T9FC2731X1105075   1,500     S    Street   TITLE
--------------------------------------------------------------------------------------------------------------------------
                                                                                             Beck
  16    Geodyne        GATWAY JOB TRAILER                 3360018               500     S    Street
--------------------------------------------------------------------------------------------------------------------------
                                                                                             Beck
  17    Geodyne        Office Trailer                                           500     S    Street
--------------------------------------------------------------------------------------------------------------------------
                                                                                             Beck
  18    Geodyne        OFFICE TRAILER                                           500     S    Street
--------------------------------------------------------------------------------------------------------------------------
                                                                                             Beck
  19    Geodyne        OFFICE TRAILER                                           500     S    Street
--------------------------------------------------------------------------------------------------------------------------
                                                                                             Beck
  20    Geodyne        OFFICE TRAILER                                           500     S    Street
--------------------------------------------------------------------------------------------------------------------------
                                                                                             Beck     BANCBOSTON
  21    Geodyne        LEEBOY L250 TARPOT                 L25051023             750     S    Street   LEASE 22
--------------------------------------------------------------------------------------------------------------------------
                                                                                             Beck     BANCBOSTON
  22    Geodyne        LEEBOY L250 TARPOT                 L25061166             750     S    Street   LEASE 22
--------------------------------------------------------------------------------------------------------------------------
                                                                                             Beck     SAFECO
  23    Geodyne        LEEBOY L250 TARPOT                 L250T1232             750     S    Street   LEASE 23
--------------------------------------------------------------------------------------------------------------------------
                                                                                                      ZIONS
                                                                                             Beck     LEASE
  24    Geodyne        LEEBOY L250 TARPOT                 L250T1371             750     S    Street   21/6627
--------------------------------------------------------------------------------------------------------------------------
                       ROSCO MAXIMIZER II OIL                                                Beck     Safeco
  25    Geodyne  1998  DISTRIBUTOR TRK                    35584              50,000     S    Street   Lease 23
--------------------------------------------------------------------------------------------------------------------------
                                                                                                      ZIONS
                                                                                                      LEASE
                                                                                                      2/6627
                       ASHROSS MOBILE UNLOADER                                               Beck     $400K
  26    Geodyne        1260C                              AR-126OC-110-00    200,000    S    Street   payoff
--------------------------------------------------------------------------------------------------------------------------
                       DOUBLE - WALL FUEL OIL                                                Beck
  27    Geodyne        TANK                                                  15,000     S    Street
--------------------------------------------------------------------------------------------------------------------------
                                                                                             Beck
  28    Geodyne        FUEL TANK                                              8,000     S    Street
--------------------------------------------------------------------------------------------------------------------------
                                                                                             Beck
  29    Geodyne        FUEL TANK - DOUBLE WALL                               15,000     S    Street
--------------------------------------------------------------------------------------------------------------------------

  30    Geodyne        Misc. Inventory                                                  S    Street
--------------------------------------------------------------------------------------------------------------------------
                                                                                             Beck
  31    Geodyne        Misc. tools                                                      S    Street
--------------------------------------------------------------------------------------------------------------------------
  32    Geodyne        Petro Mahine                                                     S    Beck
                                                                                             Street
--------------------------------------------------------------------------------------------------------------------------
  33    Geodyne        Shop tools                                                       S    Beck
                                                                                             Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  34                   STORAGE CONTAINER                                      4,000          Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  35                   STORAGE CONTAINER                                      3,500          Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  36                   STORAGE CONTAINER                                      1,500          Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  37              98   CASE 1840 SKIDSTEER                JAF0289597         13,000          Street
--------------------------------------------------------------------------------------------------------------------------

<PAGE>

<CAPTION>

<S>     <C>        <C> <C>                                <C>                <C>        <C>  <C>     <C>          <C>
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  38                   CASE 1840 SKIDSTEER                JAF0285905         13,000          Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  39                   CASE 1840 SKIDSTEER                JAF0285338         13,000          Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  40                   CASE 1840 SKIDSTEER                JAF02849285        13,000          Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  41                   CAT 950 B WHEEL LOADER             31R00615           26,000          Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck     CIT
                                                                                             Street   Capital
                                                                                                      Lease
--------------------------------------------------------------------------------------------------------------------------
  42                   CAT 966 D WHEEL LOADER             99Y01379           38,000                   12549
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  43              93   CAT 980 F WHEEL LOADER             8CJ00813           135,000         Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  44             92 ?  CAT 980 F WHEEL LOADER             8CJ00645           125,000         Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  45              94   CAT 988 F WHEEL LOADER             N/A                200,000         Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  46                   NEW HOLLAND SKIDSTEER              891406              8,000          Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  47             1995  CAT 426 BACKHOE                    6KL01276           30,000          Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne  1998                                                                   S    Beck
  48              ?    CAT 436 BACKHOE                    8TN0049            45,000          Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  49                   TARGET WALKBEHIND SAW                                  1,200          Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  50                   CAT 12G MOTOR GRADER               61M6145            32,000          Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  51              97   CAT 140H MOTOR GRADER              02ZK02110          130,000         Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  52              97   CAT 140H MOTOR GRADER              02ZK02090          130,000         Street
--------------------------------------------------------------------------------------------------------------------------

                                       31
<PAGE>

<CAPTION>
<S>     <C>        <C> <C>                                  <C>                <C>      <C>  <C>      <C>          <C>
        Geodyne                                                                         S    Beck     BANCBOSTON
  53                   JOHN DEERE 570B GRADER               DW570BX545218       4,666        Street   LEASE 22
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  54                   KOMATSU GD605 GRADER                 57014              30,000        Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        LINKBELT LS2800                                                  S    Beck
  55                   ECAVATOR/BREAKER                     N/A                50,000        Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  56                   PAVER LIGHTS                                               800        Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        HIGH PRESSURE WASHER -                                           S    Beck
  57                   SHOP                                                     1,000        Street
--------------------------------------------------------------------------------------------------------------------------
  58    Geodyne        TELSMITH CRUSHER                     505M2602           760,000  S    Beck     BANCBOSTON
                       w/conveyors, van, screen                                              Street
                       plant, cone crusher, etc.                                                      LEASE
                       and accessories (as                                                            18-FALCON
                       listed on lease schedule)                                                      RIDGE
--------------------------------------------------------------------------------------------------------------------------
  60    Geodyne        TEXAS CRUSHER SYSTEMS                1999-027           110,000  S    Beck     BANC
                       MODEL 600 w/accessories                                               Street   ONE
                                                                                                      LEASING
                                                                                                      4 -
                                                                                                      FALCON
                                                                                                          RIDGE ?
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  61                   2 ea. CON VAULT FUEL TANKS                              10,000        Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  62                   Belt for Asphalt Plan                                                 Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  63                   Chain for Asphalt Plant                                               Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        FEED BINS, SILOS, OIL                                            S    Beck
  64                   TANKS OFF OLD PLANT                  N/A                              Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  65                   LOADOUT SYSTEM (HOT PLANT)                                            Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  66                   NEW ASTEC ASPHALT PLANT              N/A                1,800,000     Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        NEW BURNER FOR ASPHALT                                           S    Beck
  67                   PLANT                                                                 Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        NEW INCLINE SCREEN FOR                                           S    Beck
  68                   ASPHALT PLANT                        N/A                12,000        Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  69                   WASTE OIL SYSTEM/HOT PLANT                                            Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  70                   Water Tank                                                 500        Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  71                   BIN TOP TRANSFER CONVEYOR            N/A                              Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        FALCON RIDGE CONVEYORS,                                          S    Beck
  72                   MISC.                                N/A                              Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  73                   MOVABLE CONVEYORS                    N/A                              Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        NEW CONVEYOR AT ASPHALT                                          S    Beck
  74                   PLANT                                                                 Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck     BANC
                                                                                             Street   ONE
                                                                                                      LEASING
                                                                                                      1 -
                       (2) RADIAL STACKERS AND              30100RS03001/ &                           FALCON
  75                   SPLITTER CHUTE                       3002               12,000                 RIDGE ?
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        3 - TRANSIT LASERS (SONIC                                        S    Beck
  76                   SYSTEMS)                                                15,000        Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  77                   4 LASERS    (DID NOT SEE)                                4,000        Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  78                   LASTER AND TOOLS                                         1,000        Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        PAVER ACCESSORY - SONIC                                          S    Beck
  79                   SYSTEM                                                   5,000        Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        BLAWKNOX PF-5510 PAVER                                           S    Beck     BANCBOSTON
  80                   w/accessories                        551019-28          90,000        Street   LEASE 22
--------------------------------------------------------------------------------------------------------------------------

<PAGE>

<CAPTION>
<S>     <C>        <C> <C>                                 <C>                <C>       <C>  <C>      <C>          <C>
        Geodyne                                                                         S    Beck     SAFECO
  81                   BLAWKNOX PF-5510 PAVER              551020-52          100,000        Street   LEASE 23
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        BLAWKNOX PF-5510 PAVER                                           S    Beck
  82                   (from Cox)                          551019-03          150,000        Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck     INSIDE
                                                                                             Street   SHOP -
                                                                                                      BANCBOSTON
  83                   LEEBOY 8500 PAVER                   1386LD             30,000                  LEASE 22
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                         S    Beck
  84                   PAVER ACCESSORY - SKI                                   1,500         Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        INGERSOLL RAND SD-70DA                                           S    Beck     BANCBOSTON
  85                   COMPACTOR                           147113             30,000         Street   LEASE 22
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        INGERSOLL RAND CR-32                                             S    Beck
  86                   COMPACTOR                           15738              28,000         Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        INGERSOLL RAND CR-32                                             S    Beck     BANCBOSTON
  87                   COMPACTOR                           152670             25,000         Street   LEASE 22
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        INGERSOLL RAND CR-32                                             S    Beck     SAFECO
  88                   COMPACTOR                           157039             35,000         Street   LEASE 24
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        INGERSOLL RAND DD-110                                            S    Beck     BANCBOSTON
  89                   COMPACTOR                           142679             18,000         Street   LEASE 22
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        INGERSOLL RAND DD-32                                             S    Beck     BANCBOSTON
  90                   COMPACTOR                           153334             32,000         Street   LEASE 22
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        INGERSOLL RAND SD-100DA                                          S    Beck     SAFECO
  91                   COMPACTOR                           154679             45,000         Street   LEASE 23
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        INGERSOLL RAND SD-70D  ?                                         S    Beck
  92                   COMPACTOR                           52445              25,000         Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        INGERSOLL RAND SD70-DA                                           S    Beck
  93                   COMPACTOR                           157664             45,000         Street
--------------------------------------------------------------------------------------------------------------------------

                                       32
<PAGE>

<CAPTION>
<S>     <C>        <C> <C>                                   <C>                <C>      <C>  <C>    <C>          <C>
--------------------------------------------------------------------------------------------------------------------------
       Geodyne        INGERSOLL RAND SD70-DA                                             S   Beck
  94                   COMPACTOR                             157415             45,000       Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        INGERSOLL RAND SD70-DA                                            S   Beck     BANCBOSTON
  95                   COMPACTOR                             147301             30,000       Street   LEASE 22
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        INGERSOLL RAND SD70-DA                                            S   Beck     SAFECO
  96                   COMPACTOR                             158736             48,000       Street   LEASE
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        INGERSOLL RAND SD70-DA                                            S   Beck     SAFECO
  97                   COMPACTOR                             159216             52,000       Street   LEASE 24
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                          S   Beck
  98             1999  BARBER GREEN BG-650                   5HK66770           50,000       Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        4 - COMPACTORS (PLATE                                             S   Beck
  99                   COMPACTORS)                                               2,400       Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                          S   Beck
 100                   PLATE COMPACTOR                                             600       Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                              Beck
 101                   PLATE COMPACTOR                                             600       Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne        LOAD OUT SYSTEM -                                                     Beck
 102                   COMPUTER SOFTWARE                                                     Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                              Beck
 103                   NEC Phone System                                                      Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                              Beck
 104                   FORD FABRIC TRACTOR                   UT25479            10,000       Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                                                              Beck
 106                   (2) High Pressure washers                                             Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                    Added to                                  Beck
                       GMC WATER TRUCK             list      TJV35V592234        2,000       Street                T-43
--------------------------------------------------------------------------------------------------------------------------
        Geodyne   89   FORD WATER TRUCK            Added to  1FDNK74P6KVA31366   2,000       Beck                  T-43a
                                                   list                                      Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                    Added to                                  Beck
                  85   MACK WATER TRUCK            list      1M2V1778FM001191    2,000       Street                T-56
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                    Added to                                  Beck
                  86   GMC WATER TRUCK             list                          2,000       Street                T-57
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                    Added to                                  Beck
                  74   FORD WATER TRUCK            list      15682DCA18221       2,000       Street                T-71
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                    Added to                                  Beck
                  82   MACK WATER TRUCK            list      1M2P137C1CA010611   2,000       Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                    Added to                                  Beck
                       1981 KENWORTH WATER TRUCK   list      1XKWDN9X5BS189235               Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                    Added to                                  Beck
                  88   GMC PICKUP                  list      1FUPFDYB2WPA07702   2,000       Street                GP01
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                    Added to                                  Beck
                  97   Ford Pickup                 list      1FTZF1722WKB43435               Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                    Added to                                  Beck
                  93   Chevy one ton               list      1GBKC34N4PJ107343               Street
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                    Added to                                  Beck
                  95   CHEVY PICKUP                list      1GBJC34F3SE157155  10,000       Street                T-38
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                    Added to                                  Beck
                  96   CHEVY PICK UP               list      1GCDC1425RZ228611  12,000       Street                T-33
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                    Added to                                  Beck
                  97   FORD F150 PICKUP            list      1FTEF17LOVKB89335  14,000       Street                T-54
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                    Added to                                  Beck
                  97   FORD F150 PICKUP            list      1FTDF1723VKD36363  14,000       Street                T-50
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                    Added to                                  Beck
                  99   FORD F150 PICKUP            list      1FTXF1724XKB60271  18,000       Street                T-60
--------------------------------------------------------------------------------------------------------------------------
        Geodyne                                    Added to                                  Beck
                  99   FORD F150 PICKUP            list      1FTZF1728XKB60273  18,000       Street                T-63
--------------------------------------------------------------------------------------------------------------------------
        Geodyne   99   FORD F150 PICKUP            Added to  1FTXF1723XKB60276  18,000       Beck                  T-64
                                                   list                                      Street
--------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                       33
<PAGE>

                           SCHEDULE 1.1(d) INVENTORIES

All inventories,  including materials,  spare parts, supplies, and other similar
items  listed on  SCHEDULE  1.1(a)  are  incorporated  herein by  reference.  In
addition,  inventories  shall include all standard  spare-part  inventories  and
shop/office supplies located at the properties listed on Schedule A.

                                       34
<PAGE>

     SCHEDULE 1.1(e)(i) CONTRACTS TO BE TRANSFERRED TO AND ASSUMED BY PARSON

Those property leases to be transferred to Parson listed on Schedule  1.4(b)(i),
those  operational  and capital  leases listed on Schedule 2.1 and the following
other contracts:

SITE 25C- N. VICTORY ROAD (18 ACRES- FALCON RIDGE QUARRY)

Partial assignment of the Royalty and Consulting  Agreement dated as of February
18, 1998 by and among G. Elaine  Rolfe,  Kim V. Rolfe,  Kerry D. Rolfe,  Kurt E.
Rolfe and Kelley L.  Dawson and Rolfe  Development,  LLC as their  assignee  and
Falcon  Ridge  Construction  (predecessor  in  interest  to  Geodyne  Beck  Rock
Products, Inc.) (as to the 18 acres only).

Push and Blast Oral  Agreement  with Rolfes only to the extent of the  following
terms:  (i) the Rolfes blast from the 30 acre parcel and push the blasted ore to
the  crusher;  (ii) once the ore is  crushed,  the Rolfes are to be paid $0.85 a
ton; and (iii)  Parson  assumes  responsibility  for payment with respect to ore
that has been  pushed  and  blasted  but not  crushed  as of the  Closing  Date.
Liability for all other terms and conditions of said oral agreement  remain with
Seller.

Billboard Lease Agreement dated February 22, 1994, by and between Reagan Outdoor
Advertising ("Lessee") and Falcon Ridge Construction  ("Lessor") (predecessor in
interest  to  Geodyne  Beck  Rock  Products,  Inc.)  (subject  to the  indemnity
provisions in the Agreement).

SITE 32- 1730 BECK STREET

Salt Lake City Real Property License  Agreement dated as of December 31, 1998 by
and between Monroc, Inc. ("Licensor") and Eagle Precast Company ("Licensee").

Agreement  for Service from Track of Railroad  dated  November 15, 1996,  by and
between  Southern Pacific Railroad Company and the Denver and Rio Grande Western
Railroad Company ("Landlord") and Monroc, Inc. ("Tenant").

SITE 90- LEHI

Agreement for Easement dated July 20, 2000, by and between RCA Family,  L.C. and
Eagle Valley Materials.

                                       35

<PAGE>

    SCHEDULE 1.1(e)(ii) CONTRACTS TO BE TRANSFERRED TO AND ASSUMED BY STAKER

Those property leases to be transferred to Staker listed on Schedule 1.4(b)(ii),
those  operational  and capital  leases listed on Schedule 2.1 and the following
other contracts:

SITE 26- 1616 BECK STREET (FALCON RIDGE HOT PLANT)

Asphalt Bituminous Paving Material Agreement between Geodyne Beck Rock Products,
Inc.  ("Contractor")  and Salt Lake City  Corporation  ("City")  dated March 14,
2000, renewed through January 2, 2002 at the higher $19 per ton price.

                                       36
<PAGE>

                      SCHEDULE 1.1(l) OTHER ACQUIRED ASSETS

Those items listed on Schedule 1.1(a) are incorporated herein by reference.

                                       37
<PAGE>

                   SCHEDULE 1.1A BUYER PERMITTED ENCUMBRANCES

SITE:  Keigley Quarry

[1.  Taxes or  assessments  which are not shown as existing liens by the records
     of any taxing  authority  that levies taxes or assessments on real property
     or by the public records.

2.   Any facts,  rights,  interests  or claims which are not shown by the public
     records but which could be  ascertained by an inspection of said land or by
     making inquiry of persons in possession thereof.

3.   Easements,  claims of easements or encumbrances  which are not shown by the
     public records.

4.   Discrepancies, conflicts in boundary lines, shortage in area, encroachments
     and any other  which a correct  survey  would  disclose,  and which are not
     shown by public records.

5.   Unpatented  mining  claims;  reservations  exceptions  patents  or in  Acts
     authorizing the issuance thereof, water rights, claims or title to water.

6.   Any lien, or right to a lien, for services,  labor or material  theretofore
     or hereafter furnished, imposed by law and not shown by the public records.

7.   Defects,  liens,  encumbrances,  adverse claims or other  matters,  if any,
     created,  first appearing in the public records or attaching  subsequent to
     the  effective  date  hereof  but  prior to the date the  proposed  insured
     acquires of record for value the estate or  interest  or  mortgage  thereon
     covered by this commitment.]

8.   General  property  taxes for the year 2001 now a lien,  not yet due. Tax ID
     No. 98-125-0161.

9.   Terms and  conditions  of a mining  location  executed  by  Columbia  Steel
     Company as shown on document  recorded  June 19, 1943, as Entry No. 6481 in
     Book 378 at Page 160 of Official Records.

10.  Terms and conditions of a Pole Line Easement  granted to Utah Power & Light
     Company,  recorded July 27, 1943, as Entry No. 7868 in Book 377 at Page 551
     of Official Records.

11.  Terms and  conditions of an Easement  Conveyance  to Utah County,  recorded
     August  25,  1943,  as Entry  No.  9046 in Book 385 at Page 21 of  Official
     Records.

12.  Terms and  conditions  of an  Easement  granted  to Geneva  Steel  Company,
     recorded  May 9, 1951 as Entry No. 5253 in Book 550 at Page 500 of Official
     Records.

13.  Terms and  conditions of a Designation  of Right of Way for the  Strawberry
     High Line Canal,  executed by the United States  Department of the Interior
     recorded  January  22,  1998 as Entry No. 6161 in Book 4.499 at Page 552 of
     Official Records.

14.  Terms and  conditions  of Resolution  No.  199447 of Utah County,  recorded
     January 9,  1995,  as Entry No.  1453 in Book 3601 at Page 137 of  Official
     Records.

                                       38
<PAGE>

15.  A right of way thereon for ditches and canals  constructed by the authority
     of the United States.

[16. All leasing act minerals,  and the right of the United States, its lessees,
     permittees,  and  licensees to enter upon the land,  prospect  for,  drill,
     mine,  treat,  store and remove the same, and to sue so much of the surface
     of said land as may be necessary for such  purposes,  as reserved in Patent
     recorded as Entry No.  1834 in Book 1185 at Page 296 of  Official  Records.
     (Affects Columbia Placer 22, 26, 27, 28, 29, 30, 31 and 32)

17.  The Patent grants are restricted in their exterior limits to the boundaries
     of mining  premises,  and to any veins or lode.  of quartz or other rock in
     place bearing gold, silver,  cinnabar, lead, tin, copper, or other valuable
     deposits,  which may have been discovered  subsequent to and which were not
     known to exist on dates recited on individual patents.

     Should  any vein or lode of quartz  or other  rock in place  bearing  gold,
     silver cinnabar,  lead, tin, copper or other valuable deposits,  be claimed
     or know to exist  within  premises  at said  dated  recited  on  individual
     patents, the same is expressly excepted and excluded from these presents.

     The premises  shall be held subject to any vested and accrued  water rights
     for mining,  agricultural,  manufacturing or ocher purposes,  and rights to
     ditches and reservoirs  used in connection with such water rights as may be
     recognized and acknowledged by the local laws, customs and decisions of the
     courts.

     That in the absence of necessary  legislation by Congress,  the Legislature
     of Utah may provide  rules for working the mining claim or premises  hereby
     granted,  involving  easements,  drainage and other  necessary means to the
     complete development thereof.]

18.  Terms and  conditions  of a Special  Exception  executed by the Utah County
     Board of Adjustment,  recorded  September 15, 2000, as Entry No. 72710:2000
     of Official Records.

19.  Terms and  conditions  of a Special  Exception  executed by the Utah County
     Board of Adjustment, recorded September 14,2000, as Entry No. 72711:2000 of
     Official Records.

20.  A Stipulation in the matter of Staker Paving & Construction Company, Inc.'s
     and Jack B. Parson Companies appeals to the Utah County Board of Adjustment
     for a special  exception issued from Fourth Judicial  District Court,  Utah
     County, State of Utah, Civil Nos. 000402277 and 000402228, docketed January
     10, 2001, in Utah County Clerk's Office and recorded  January  10,2001,  as
     Entry No. 2518:2001 of Official Records.

21.  An Order in the matter of Stoker Paving & Construction Company,  Inc.'s and
     Jack B. Parson Companies appeals to the Utah County Board of Adjustment for
     a special  exception  issued  from Fourth  Judicial  District  Court,  Utah
     County, State of Utah, Civil Nos. 000402277 and 000402278, docketed January
     19, 2002, in Utah County Clerk's  Office and recorded  January 23, 2001, as
     Entry No. 5670:2001 of Official Records.

22.    Terms and conditions of a Special  Exception  executed by the Utah County
       Board of Adjustment,  recorded February 13, 2001, as Entry No. 12135:2001
       of Official Records.

                                       39

<PAGE>

SITE:  POINT OF THE MOUNTAIN (PACIFIC WEST PROPERTY)

[1.  Taxes or  assessments  which are not shown as existing liens by the records
     of any taxing  authority  that levies taxes or assessments on real property
     or by the public records.

2.   Any facts,  rights,  interests  or claims which are not shown by the public
     records but which could be  ascertained by an inspection of said land or by
     making inquiry of persons in possession thereof.

3.   Easements,  claims of easements or encumbrances  which are not shown by the
     public records.

4.   Discrepancies, conflicts in boundary lines, shortage in area, encroachments
     and any other facts which a correct  survey would  disclose,  and which are
     not shown by public records.

5.   Unpatented mining claims;  reservations or exceptions in patents or in Acts
     authorizing the issuance thereat water rights, claims or title to water.

6.   Any lien, or right to a lien, for services,  labor or material  theretofore
     or hereafter furnished, imposed by law and not shown by the public records.

7.   Defects,  liens,  encumbrances,  adverse claims or other  matters,  if any,
     created,  first appearing in the public records or attaching  subsequent to
     the  effective  date  hereof  but  prior to the date the  proposed  insured
     acquires of record for value the estate or  interest  or  mortgage  thereon
     covered by this commitment.]

8.   General property taxes for the year 2001 now alien, not yet due. Tax ID No.
     33-23-400-008-0000.

     2000 general  property taxes were paid in the amount of $2,031.48.  Tax ID.
     No. 33-23-400-0034002.

     2000 general  property taxes were paid in the amount of $1,303.23.  Tax ID.
     No. 33-24-300-003-0000.

     2000 general property taxes were paid in the amount of $3,645.31.  Tax I.D.
     No. 58-01-0011.

9.   (Affects that portion within Salt Lake County) Said land is included within
     the boundaries of Salt Lake County Sewerage Improvement District No. 1, and
     is subject to charges and assessments made thereby.

10.  (Affects that portion within Salt Lake County) Said land is included within
     the incorporated  city limits of Draper City, and is subject to charges and
     assessments made thereby.

11.  (Affects that portion  within Utah County) Said property is located  within
     the  boundaries  of Lehi City and its service  districts  and is subject to
     charges and assessments levied thereunder.

[12. Lack of access to or from said property.]

                                       40
<PAGE>

13.  An unrecorded Sand, Gravel and Associated Borrow Material Lease dated March
     22, 1994 by and between Rock Springs Royalty Company,  a Utah  corporation,
     and  Bolinder  Companies,  Inc.,  a Utah  corporation,  as disclosed by the
     following:

     Assignment of Lease by and between Union Pacific Land Resources Corporation
     and its affiliate Rock Springs Royalty  Company,  assignor and Pacific West
     Royalty, L.L.C., as assignee,  recorded April 29, 1998 as Entry No. 6946259
     in Book 7961 at Page 1881 of Official Records; and recorded in Utah County,
     April 29, 1998 as Entry No. 42040 in Book 4616 at Page 547.

14.  A right of way for  Telephone  and Electric  Transmission  lines (the exact
     location of which is not disclosed) granted to the Telluride Power Company,
     a Colorado  corporation by instrument  recorded  September 1, 1909 as Entry
     No. 4614 in Book 115 at Page 11 of Official Records.

15.  Location of buildings and  facilities  and equipment  used primarily in the
     operations  at the site which are located on, over or beyond the  perimeter
     property lines of the conveyed parcels.

                                       41
<PAGE>

                    SCHEDULE 1.1A(a) ACQUIRED BUYER'S ASSETS.

The assets that are primarily used in the Business,  including,  but not limited
to,  the  items  listed  below (as well as all  standard  shop,  lab and  office
equipment located at Keigley Quarry):

<TABLE>
<CAPTION>
                     EQUIPMENT THAT STAYS AT KIEGLEY
    EQ #                       DESCRIPTION                           MODEL #                    SERIAL NUMBER
<S>          <C>                                                  <C>                  <C>
             KIEGLEY RAILCAR LOADOUT SYSTEM

   21001     40,000 LB SWITCHMASTER                               1000 40,000 LB      10321
   44042     CONTROL VAN FOR 91177
   91019     36"X 104' PIONEER RADIAL STACKER                                         36PFSC-227  MOD:PIONEER
   91029     89 30"X 125' RADIAL STACKER                                              2789-630-12-77  KIMBALL
   91030     SHOP MADE FEEDER/CONVEYOR
   91142     86 MARCO CONVEYOR                                         540            58140-1   MODD:P540
   91177     DRIVE-OVER FEEDER SHOP MADE                                              R/R LOADOUT KEIGLEY QUARRY
   91178     36"X40' CONVEYOR WITH 91177
   93022     KOLBERG 5'X10' SCREEN W/91177                           2D6010M          1665-60-10-79-2M

             KIEGLEY ROCK DUST OPERATION

   49031     SULLAIR STATIONARY AIR COMPRESSOR                       12-50-H          003-49664
   90004     RAYMOND ROTARY DRYING FURNACE                             N/A            N/A
   91172     24" X 100 FT CONVEYOR WITH FEEDER                         N/A            N/A
   91173     24" X 120 FT COVERED CONVEYOR                             N/A            N/A
   92013     RAYMOND VERTICAL ROTARY 60" MILL                          6058           45116
   92041     350 TON ELEVATED STORAGE BIN                          RAW PRODUCT        N/A
   94042     250 TON ELEVATED STORAGE BIN                           DUST ROCK         N/A
   96035     70 FT X 10 FT DOUGLAS TRUCK SCALE                 STATIONARY 120,000 #   N/A
   97030     98 BMT 4,000 GAL. DIESEL TANK                             6058           8203
   98008     RAY JET DUST COLLECTOR SYSTEM                        8MC-15 72 BAGS      N/A
   98009     MICRO PULSE AIR DUST COLLECTOR                          49S-8-ZC         76081H1
   99045     76 ST. REGIS BAGGING MACHINE                             770FF           762030
   99046     76 ST. REGIS BAGGING MACHINE                             770FF           762031

             KIEGLEY QUARRY EXISTING CRUSHER AND EQUIPMENT

             ALLIS CHALMERS JAW CRUSHER  200HP                      48" X 42"         3251 WITH 48" X 120" PAN FEEDER
             TRAYLOR BULLDOG 60" CRUSHER                                              39163
   91169     30 " X 350 FT PRIMARY CONVEYOR                        30" X 350 FT       N/A
   91170     30" X 244 FT SECONDARY CONVEYOR                       30" X 244 FT       N/A
   91171     24" X 80 FT INCLINE CONVEYOR                                                        24" X 80 FT
   49029     INGERSOLL STATIONARY AIR COMPRESSOR                       XRE            BE1154-5
   49039     INGERSOLL STATIONARY AIR COMPRESSOR                       XRE            BE 3738-9
   50011     MILLER SHOP WELDER                                  GOLD STAR 500SS      JA394803
   50032     LINCOLN SHOP WELDER -DC                                 SAE-400          A-572316
   50033     LINCOLN SHOP WELDER -DC                                 SAE-400          N/A
   67001     56 P&H 1400 ELECTRIC SHOVEL  4.5 C.Y.                     1400           19460
   67002     59 P&H 1400 ELECTRIC SHOVEL  4.5 C.Y.                     1400           21970
             57 P&H 1400 ELECTRIC SHOVEL  4.5 C.Y.                     1400           20620  ( INOPERABLE )
   68005     79 WHITE 6000#  FORKLIFT                                  FL-1           665-91707

                                       43
<PAGE>

<CAPTION>
<S>          <C>                                                   <C>               <C>
   68007     YALE 6000#  FORKLIFT                                   RGP51AT-60        5414051
   94040     175 TON ELEVATED STORAGE BIN                              N/A            N/A
   97031     BMT 1,000 GAL. GASOLINE TANK AND PUMP                    1,000           7325
   97032     BMT 10,000 GAL. DIESEL TANK AND PUMP                     10,000          8204
             68 BUCYRUS ERIE 40 R ROTARY DRILL                         40R            130210
             64 ELECTRIC POWER SUBSTATION 100KVA                       N/A            N/A
             18,000 GAL. WATER STORAGE TANK                            N/A            N/A
             27 TON AMMONIA NITRATE STORAGE TANK                       N/A            N/A

             ADDITIONAL KEIGLEY QUARRY EXISTING EQUIPMENT:

   19003     81 CAT 769B 35 TON HAUL TRUCK                            769-B           99F7091
   19004     81 CAT 769B 35 TON HAUL TRUCK                            769-B           99F7109
   19005     72 DART D2330 35 TON HAUL TRUCK                          D2330           72140
             72 DART D2330 35 TON HAUL TRUCK  - INOPERABLE            D2330           72139
             66 WABCO 30 TON HAUL TRUCK            -
             INOPERABLE                                               30 TON          CF8314
             66 WABCO 30 TON HAUL TRUCK            -
             INOPERABLE                                               30 TON          CF8798
             DROTT CRUSAIR RUBBER TIRED BACKHOE - INOPERABLE        CRUZAIR 40        N/A
             GARDNER-DENVER PORTABLE AIR COMPRESSOR                  MBQ4013          211416
   16005     83 FORD F700 BOOM LIFT TRUCK                              F700           1FDXF0H5DVA30501
   16009     79 CHEV C-50 WELDER TRUCK                                 C-50           C15DA9V183481
   20009     79 CHEV C-70 LUBE AND OIL TRUCK
   50031     MILLER BIG 40 WELDER ON WELDING TRUCK                    BIG 40          HK242888
   24025     81 INTERNATIONAL 3,800 GAL. WATER TRUCK                   2574           1HTZPKCR4GHA19628

</TABLE>

                                       43

<PAGE>

                       SCHEDULE 1.1A(d) BUYER INVENTORIES

Inventories  as  defined on  Schedule  5.14 as well as all  standard  spare-part
inventories and shop/office supplies located at Keigley Quarry.

                                       44

<PAGE>

     SCHEDULE 1.1A(e) CONTRACTS TO BE TRANSFERRED TO AND ASSUMED BY SELLERS

WESTERN:

Dolomite Supply Agreement between Oldcastle, Inc. and Geneva Steel Company dated
October 20, 1999.

MONROC:

The property lease described on Schedule 1.4(c).

Water Purchase  Agreement dated May 28, 1999 by and between the Salt Lake County
Water Conservancy and Staker Paving and Construction Company Inc.

                                       45

<PAGE>

                  SCHEDULE 1.1A(k) OTHER ACQUIRED BUYER ASSETS

Those items listed on Schedule 1.1A(a) are incorporated herein by reference.

                                       46
<PAGE>

                          SCHEDULE 1.2 EXCLUDED ASSETS

1.   Geodyne  Transportation  Division.  SEE ATTACHED LIST OF TRAILERS,  TRUCKS,
     PICK-UPS AND TACK-TRUCKS.

2.   All  licensing  and  miscellaneous  dispatch  computers  and  all  computer
     software  and  hardware  other  than the batch  computers  at the ready mix
     locations.

3.   Command  data  dispatch  system  located at Draper in  connection  with the
     server, application software and licensing for trucks Sellers retain.

4.   The  original  books and records  relating to the  Acquired  Assets and the
     Seller's purchase and sales activities prior to the Closing Date.

5.   Those assets on the attached list.

6.   Those items listed on SCHEDULE 4.3.3.

                                       47

<PAGE>

Attachment to Schedule 1.2 - Excluded Assets

                                       48

<PAGE>

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
                                                  Geodyne Beck Rock Products, Inc.
-----------------------------------------------------------------------------------------------------------------------------------
                                                             Truck List
-----------------------------------------------------------------------------------------------------------------------------------
                                                            As of 2/28/01
------------------------------------------------------------------------------------------------------------------------------------
Sys#      Acq Date   Asset#       Description                                   Site        Serial #
-----------------------------------------------------------------------------------------------------------------------------------
<S>       <C>        <C>          <C>                                           <C>         <C>
155       4/1/99     BART         1998 Ford F 150 Pickup                        GEO         1FTRX18L3WK014047
-----------------------------------------------------------------------------------------------------------------------------------
158                  Comp         (2) New computers w/color printers            GEO
-----------------------------------------------------------------------------------------------------------------------------------
194                  comp         Computer                                      GEO
-----------------------------------------------------------------------------------------------------------------------------------
161                  COMP1        Gateway computer for Don Hart                 GEO
-----------------------------------------------------------------------------------------------------------------------------------
91                   CP01         Computer                                      GEO
-----------------------------------------------------------------------------------------------------------------------------------
127                  CP02         P.C. Innovations                              GEO
-----------------------------------------------------------------------------------------------------------------------------------
146                  CP05         Niche Bidding Software                        GEO
-----------------------------------------------------------------------------------------------------------------------------------
231       4/1/98     E-14         Load King trailer                             BECK        6703
-----------------------------------------------------------------------------------------------------------------------------------
82        2/21/98    GF12         1970 Ford Fuel Truck                          GEO         C61CVJ22801
-----------------------------------------------------------------------------------------------------------------------------------
376       4/1/00     GO15         1993 CHEVY SERVICE TRUCK                      GEO         1GBKC34N4PJ107343
-----------------------------------------------------------------------------------------------------------------------------------
79        2/21/98    GO18         1971 White T-81 Tractor                       X           CA213HP054691
-----------------------------------------------------------------------------------------------------------------------------------
1         2/21/98    GO21         1979 Mack Dump Truck                          GEO         RS686LS47407
-----------------------------------------------------------------------------------------------------------------------------------
3         2/21/98    GO24         1980 Mack Dump Truck                          GEO         RS686LST55511
-----------------------------------------------------------------------------------------------------------------------------------
96        2/21/98    GO26         1979 Mack Dump Truck                          GEO         RS686LST47288
-----------------------------------------------------------------------------------------------------------------------------------
          2/21/98    GO28         1977 Mack Dump Truck                          GEO         RS686LST34285
-----------------------------------------------------------------------------------------------------------------------------------
7         2/21/98    GO31         1984 Mack Dump Truck                          GEO         1M2T157C5EM001597
-----------------------------------------------------------------------------------------------------------------------------------
97        2/21/98    GO32         1984 Mack Dump Truck                          X           1M2T157C1EM001595
-----------------------------------------------------------------------------------------------------------------------------------
          Lease      GO373        1998 Peterbilt 378 Dumptruck                  GEO         1NPFLBOX4WD442512
-----------------------------------------------------------------------------------------------------------------------------------
9         2/21/98    GO41         1985 Mack Dump Truck                          GEO         1M2T157C4FM002449
-----------------------------------------------------------------------------------------------------------------------------------
10        2/21/98    GO42         1985 Mack Dump Truck                          X           1M2T157COFM002450
-----------------------------------------------------------------------------------------------------------------------------------
11        2/21/98    GO43         1982 Mack Dump Truck                          GEO         1N2T148C70M001476
-----------------------------------------------------------------------------------------------------------------------------------
12        2/21/98    GO44         1984 Mack Dump Truck                          GEO         1M2R131C7EM001110
-----------------------------------------------------------------------------------------------------------------------------------
13        2/21/98    GO45         1985 Mack Dump Truck                          GEO         1M2B130C8FA001381
-----------------------------------------------------------------------------------------------------------------------------------
14        2/21/98    GO46         1991 Mack Dump Truck                          GEO         1M2P267C9MM011200
-----------------------------------------------------------------------------------------------------------------------------------
17        2/21/98    GO50         1993 Mack Tractor                             GEO         1M2AA14Y4PW024698
-----------------------------------------------------------------------------------------------------------------------------------
19        2/21/98    GO53         1987 Kenworth Tractor                         GEO         1XKWDB3X8H5348272
-----------------------------------------------------------------------------------------------------------------------------------
21        2/21/98    GO55         1988 Peterbilt Tractor                        GEO         1XPAD29X1JD298122
-----------------------------------------------------------------------------------------------------------------------------------
22        2/21/98    GO56         1988 Peterbilt Tractor                        X           1XPAD29X1JD258122
-----------------------------------------------------------------------------------------------------------------------------------
23        2/21/98    GO57         1988 Peterbilt Tractor                        GEO         1XPAD29X1JD258136
-----------------------------------------------------------------------------------------------------------------------------------
98        6/1/99     GO58         1992 Mack Dump Truck (PROC)                   GEO         1M2P267C4NM013048
-----------------------------------------------------------------------------------------------------------------------------------
99        6/1/99     GO59         1992 Mack Dump Truck (PROC)                   GEO         1M2P267C6NM013049
-----------------------------------------------------------------------------------------------------------------------------------
100       6/1/99     GO60         1992 Mack Dump Truck (PROC)                   GEO         1M2P267C2NM013050
-----------------------------------------------------------------------------------------------------------------------------------
101       6/1/99     GO61         1992 Mack Dump Truck (PROC)                   GEO         1M2P267C4NM013051
-----------------------------------------------------------------------------------------------------------------------------------
103       2/21/98    GO63         1988 Peterbilt Tractor                        GEO         1XP5DB9X6JD252480
-----------------------------------------------------------------------------------------------------------------------------------
28        2/21/98    GO64         1991 Kenworth Tractor                         GEO         1XKAD69X4MS561795
-----------------------------------------------------------------------------------------------------------------------------------
29        2/21/98    GO65         1993 International Tractor                    GEO         2HSFHCCR6PC066710
-----------------------------------------------------------------------------------------------------------------------------------
30        2/21/98    GO66         1993 International Tractor                    GEO         2HSFHCCR6PC066707
-----------------------------------------------------------------------------------------------------------------------------------
31        2/21/98    GO68         1993 International Tractor                    GEO         2HSFHCCR8PC066725
-----------------------------------------------------------------------------------------------------------------------------------
32        2/21/98    GO69         1993 International Tractor                    GEO         2HSFHCCR9PC066734
-----------------------------------------------------------------------------------------------------------------------------------
33        2/21/98    GO70         1995 Kenworth Tractor                         GEO         1XKADR9X3SJ652433
-----------------------------------------------------------------------------------------------------------------------------------
34        2/21/98    GO71         1995 Kenworth Tractor                         GEO         1XKADR9X3SJ652434
-----------------------------------------------------------------------------------------------------------------------------------
104       2/21/98    GO72         1997KT                                        GEO         1XKAD29XXVJ738656
-----------------------------------------------------------------------------------------------------------------------------------
105       2/21/98    GO74         1997 Peterbilt Dump Truck                     GEO         1NPFL60X2WN443319
-----------------------------------------------------------------------------------------------------------------------------------
106       2/21/98    GO75         1997 Peterbilt Dump Truck                     GEO         1NPFL60X0WN443318
-----------------------------------------------------------------------------------------------------------------------------------
131       1/1/00     GO76         1998 International Tractor                    GEO         2HSFHAER5WC041927
-----------------------------------------------------------------------------------------------------------------------------------
          Lease      GO77         1998 Peterbilt 378 Tractor                    GEO         1NPFLBOXXWD442515
-----------------------------------------------------------------------------------------------------------------------------------

                                       49
<PAGE>

<CAPTION>
<S>                  <C>          <C>                                           <C>         <C>
-----------------------------------------------------------------------------------------------------------------------------------
          Lease      GO78         1998 Peterbilt 378 Tractor                    GEO         1NPFLBOX1WD442516
------------------------------------------------------------------------------------------------------------------------------------
          Lease      GO79         1998 Peterbilt 378 Tractor                    GEO         1NPFLBOX4WD460055
-----------------------------------------------------------------------------------------------------------------------------------
          Lease      GO80         1998 Peterbilt 378 Tractor                    GEO         ANPFLB9X5WD460064
-----------------------------------------------------------------------------------------------------------------------------------
          Lease      GO81         1999 Kenworth T800B                           GEO         1XKDDB9X6X4796314
-----------------------------------------------------------------------------------------------------------------------------------
          Lease      GO82         1999 Kenworth T800B                           GEO         1XKDDB9X8XR796315
-----------------------------------------------------------------------------------------------------------------------------------
          Lease      GO83         1999 Kenworth T800B                           GEO         1XKDDB9XXXR796316
-----------------------------------------------------------------------------------------------------------------------------------
          Lease      GO84         1999 Kenworth T800B                           GEO         1XKDDB9X1XR796317
-----------------------------------------------------------------------------------------------------------------------------------
          Lease      GO85         1999 Kenworth T800B                           GEO         1XKDDB9X3XR796318
-----------------------------------------------------------------------------------------------------------------------------------
          Lease      GO86         1998 Freightliner                             GEO         1FUPFDYB9WPA07700
-----------------------------------------------------------------------------------------------------------------------------------
          Lease      GO87         1998 Freightliner                             GEO         1FUPFDYB2WPA07702
-----------------------------------------------------------------------------------------------------------------------------------
          Lease      GO87         1998 Freightliner                             GEO         1FUPFDYB4WPA07703
-----------------------------------------------------------------------------------------------------------------------------------
          Lease      GO88         1998 Freightliner                             GEO         1FUPFDYB6WPA07704
-----------------------------------------------------------------------------------------------------------------------------------
198       12/31/99   GP07         Clare's Pickup                                GEO
-----------------------------------------------------------------------------------------------------------------------------------
83        2/21/98    GP10         1982 Chevrolet Service Truck                  GEO         1GCE24H2CJ144964
-----------------------------------------------------------------------------------------------------------------------------------
85        2/21/98    GP13         1976 Chevrolet Fuel Truck                     GEO         CTE666V147459
-----------------------------------------------------------------------------------------------------------------------------------
84        2/21/98    GP14         1987 Dodge Service Truck                      GEO         1B6MD3457HS400669
-----------------------------------------------------------------------------------------------------------------------------------
141       12/29/98   GP971        1997 Ford Crew Cab                            GEO         1FTGW26GXVEC75094
-----------------------------------------------------------------------------------------------------------------------------------
112       2/21/98    GT305        1996 Ranco Dolly                              GEO         1R9SP1500TL008875
-----------------------------------------------------------------------------------------------------------------------------------
113       2/21/98    GT306        1996 Ranco Dolly                              GEO         1R9SP1505TL008015
-----------------------------------------------------------------------------------------------------------------------------------
35        2/21/98    GT550        1973 Fruehauf Tank Trailer                    GEO         UNR471906
-----------------------------------------------------------------------------------------------------------------------------------
6         2/21/98    GT551        1980 Williamson Pup Trailer                   GEO         66221
-----------------------------------------------------------------------------------------------------------------------------------
37        2/21/98    GT552        1980 Williamson Pup Trailer                   GEO         66223
-----------------------------------------------------------------------------------------------------------------------------------
8         2/21/98    GT553        1980 Williamson Pup Trailer                   GEO         66572
-----------------------------------------------------------------------------------------------------------------------------------
39        2/21/98    GT554        1980 Williamson Pup Trailer                   GEO         66255
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                       50
<PAGE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
                                                  Geodyne Beck Rock Products, Inc.
------------------------------------------------------------------------------------------------------------------------------------
                                                             Truck List
------------------------------------------------------------------------------------------------------------------------------------
                                                            As of 2/28/01
------------------------------------------------------------------------------------------------------------------------------------
Sys#      Acq Date   Asset#       Description                                   Site        Serial #
----      --------   ------       -----------                                   ----        --------
<S>       <C>        <C>          <C>                                           <C>         <C>
------------------------------------------------------------------------------------------------------------------------------------
NI40      2/21/98    GT555        1981 Williamson Pup Trailer                   GEO         1W94E2527BS004016
------------------------------------------------------------------------------------------------------------------------------------
41        2/21/98    GT556        1981 Williamson Pup Trailer                   GEO         1W94E2527BS004017
------------------------------------------------------------------------------------------------------------------------------------
42        2/21/98    GT557        1981 Williamson Pup Trailer                   GEO         1W94E2527BS004018
------------------------------------------------------------------------------------------------------------------------------------
43        2/21/98    GT558        1988 Clement Pup Trailer                      GEO         1C9DD13C4JM110295
------------------------------------------------------------------------------------------------------------------------------------
44        2/21/98    GT559        1988 Clement Pup Trailer                      GEO         1C9DD15C8JM110359
------------------------------------------------------------------------------------------------------------------------------------
45        2/21/98    GT560        1984 Williamson Pup Trailer                   GEO         1W94E2522ES004089
------------------------------------------------------------------------------------------------------------------------------------
46        2/21/98    GT561        1984 Williamson Pup Trailer                   GEO         1W94E2522ES004090
------------------------------------------------------------------------------------------------------------------------------------
121       2/21/98    GT5619       1997 Polar Tank Trailer                       GEO         1PMA14327V1018420
------------------------------------------------------------------------------------------------------------------------------------
47        2/21/98    GT562        1984 Williamson Pup Trailer                   GEO         1W94E2522ES004091
------------------------------------------------------------------------------------------------------------------------------------
129       1/1/00     GT5622       1997 Polar Tank Trailer                       GEO         1PMA12943V1018847
------------------------------------------------------------------------------------------------------------------------------------
137       5/26/98    GT5624       1980 Westmark Tank Trlr                       GEO         85501
------------------------------------------------------------------------------------------------------------------------------------
48        2/21/98    GT563        1984 Williamson Pup Trailer                   GEO         1W94E2528ES004093
------------------------------------------------------------------------------------------------------------------------------------
49        2/21/98    GT564        1984 Williamson Pup Trailer                   GEO         1W94E252XS004094
------------------------------------------------------------------------------------------------------------------------------------
50        2/21/98    GT567        1978 Williamson Pup Trailer                   GEO         64008
------------------------------------------------------------------------------------------------------------------------------------
51        2/21/98    GT571        1978 Ravens End Dump                          GEO         781323-781324
------------------------------------------------------------------------------------------------------------------------------------
52        2/21/98    GT574        1993 Harris Belly Dump Trailer                GEO         1K9BS4225PU011031
------------------------------------------------------------------------------------------------------------------------------------
53        2/21/98    GT575        1993 Harris Belly Dump Pup                    GEO         1K9BS2342PU011041
------------------------------------------------------------------------------------------------------------------------------------
54        2/21/98    GT576        1993 Harris Belly Dump Trailer                GEO         1K9BS4226PU011037
------------------------------------------------------------------------------------------------------------------------------------
55        2/21/98    GT577        1993 Harris Belly Dump Pup                    GEO         1K9BS2342PU011038
------------------------------------------------------------------------------------------------------------------------------------
56        2/21/98    GT579        1993 Harris Belly Dump Trailer                GEO         1K9BS4224PU011036
------------------------------------------------------------------------------------------------------------------------------------
57        2/21/98    GT580        1993 Harris Belly Dump Pup                    GEO         1K9BS2344PU011039
------------------------------------------------------------------------------------------------------------------------------------
58        2/21/98    GT581        1988 Polar Tank Trailer                       GEO         1PMA14327J1009470
------------------------------------------------------------------------------------------------------------------------------------
59        2/21/98    GT583        1978 Beall Tank Trailer                       GEO         STN23478
------------------------------------------------------------------------------------------------------------------------------------
60        2/21/98    GT584        1980 Beall Tank Pup Trailer                   GEO         TT12123
------------------------------------------------------------------------------------------------------------------------------------
61        2/21/98    GT585        1977 Beall Tank Trailer                       GEO         D76402103
------------------------------------------------------------------------------------------------------------------------------------
62        2/21/98    GT589        1988 Polar Tank Trailer                       GEO         1PMA14325J1009239
------------------------------------------------------------------------------------------------------------------------------------
63        2/21/98    GT590        1987 Westmark Tank Pup Trailer                GEO         16WTE32E7HC118615
------------------------------------------------------------------------------------------------------------------------------------
64        2/21/98    GT591        1984 Fruehauf Tank Trailer                    GEO         1H4TO452XEL009209
------------------------------------------------------------------------------------------------------------------------------------
65        2/21/98    GT592        1984 Westmark Tank Pup Trailer                GEO         16WTA32G9EC114462
------------------------------------------------------------------------------------------------------------------------------------
66        2/21/98    GT593        1984 Fruehauf Tank Trailer                    GEO         1H4TO4526EL009210
------------------------------------------------------------------------------------------------------------------------------------
67        2/21/98    GT595        Redriver Live Bottom Trailer                  GEO         1R9LB4439G1051001
------------------------------------------------------------------------------------------------------------------------------------
68        2/21/98    GT596        1996 Ranco Belly Dump Trailer                 GEO         1R9BSB60XTL008806
------------------------------------------------------------------------------------------------------------------------------------
69        2/21/98    GT597        1996 Ranco Belly Dump Trailer                 GEO         1R98SB603TL008873
------------------------------------------------------------------------------------------------------------------------------------
70        2/21/98    GT598        1996 Ranco Belly Dump Trailer                 GEO         1R9BSB601TL008872
------------------------------------------------------------------------------------------------------------------------------------
71        2/21/98    GT599        1996 Ranco Belly Dump Trailer                 GEO         1R9BSB605TL008874
------------------------------------------------------------------------------------------------------------------------------------
72        2/21/98    GT600        1996 Polar Tank Trailer                       GEO         1PMA14328T1017807
------------------------------------------------------------------------------------------------------------------------------------
73        2/21/98    GT601        1996 Polar Tank Pup Trailer                   GEO         1PMA12428T1017809
------------------------------------------------------------------------------------------------------------------------------------
74        2/21/98    GT602        1996 Polar Tank Trailer                       GEO         1PMA1432XT1017808
------------------------------------------------------------------------------------------------------------------------------------
75        2/21/98    GT603        1996 Polar Tank Pup Trailer                   GEO         1PMA12424T1017810
------------------------------------------------------------------------------------------------------------------------------------
76        2/21/98    GT604        1996 Flowboy Pup Trailer                      GEO         1H9PT3942TN101019
------------------------------------------------------------------------------------------------------------------------------------
77        2/21/98    GT605        1996 Flowboy Pup Trailer                      GEO         1H9PT3942TN101020
------------------------------------------------------------------------------------------------------------------------------------
78        2/21/98    GT606        1996 Flowboy Pup Trailer                      GEO         1H9PT3942TN101021
------------------------------------------------------------------------------------------------------------------------------------
107       2/21/98    GT607        1997 Flowboy Pup Trailer                      GEO         1H9PT3948VN101013
------------------------------------------------------------------------------------------------------------------------------------
108       2/21/98    GT608        1997 Flowboy Pup Trailer                      GEO         1H9PT3948VN101014
------------------------------------------------------------------------------------------------------------------------------------
109       2/21/98    GT609        1997 Flowboy Pup Trailer                      GEO         1H9PT3948VN101015
------------------------------------------------------------------------------------------------------------------------------------
110       2/21/98    GT610        1997 Flowboy Pup Trailer                      GEO         1H9PT3948VN101016
------------------------------------------------------------------------------------------------------------------------------------
111       2/21/98    GT611        1997 Flowboy Pup Trailer                      GEO         1H9PT3948VN101017
------------------------------------------------------------------------------------------------------------------------------------
114       2/21/98    GT612        1981 Beall Tank Pup Trailer                   GEO         1BN1T2124BP131670
------------------------------------------------------------------------------------------------------------------------------------
115       2/21/98    GT613        1981 Beall Tank Pup Trailer                   GEO         1BN1T2124BP131671
------------------------------------------------------------------------------------------------------------------------------------
116       2/21/98    GT614        1977 Timte Tank Trailer                       GEO         D77054103
------------------------------------------------------------------------------------------------------------------------------------
                                       51
<PAGE>

<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
<S>       <C>        <C>          <C>                                           <C>         <C>
117       2/21/98    GT615        1983 Fruehauf Tank Trailer                    GEO         1H4TO4123DL011422
------------------------------------------------------------------------------------------------------------------------------------
118       2/21/98    GT616        1986 Trailmaster Tank Pup Trailer             GEO         1T9CB13D1EF002009
------------------------------------------------------------------------------------------------------------------------------------
119       2/21/98    GT617        1997 Polar Tank Trailer                       GEO         1PMA14326V1018425
------------------------------------------------------------------------------------------------------------------------------------
120       2/21/98    GT618        1997 Specn Tank Pup Trailer                   GEO         UTT18032
------------------------------------------------------------------------------------------------------------------------------------
122       2/21/98    GT6620       1997 Polar Tank Pup Trailer                   GEO         1PMA13137W1019123
------------------------------------------------------------------------------------------------------------------------------------
123       2/21/98    GT6621       1997 Tank Pup Trailer                         GEO         1PMA13139W1019124
------------------------------------------------------------------------------------------------------------------------------------
130       1/1/00     GT6623       1997 Polar Tank Pup  Trailer                  GEO         1PMA14031V1018846
------------------------------------------------------------------------------------------------------------------------------------
          Lease      GT7000       1998 Clement Trailer                          GEO         1C9DD18D5VM110717
------------------------------------------------------------------------------------------------------------------------------------
138       2/21/98    GW08         1974 Int'l Water Truck                        GEO         10672DHA11595
------------------------------------------------------------------------------------------------------------------------------------
81        2/21/98    GW09         1977 Mack Water Truck                         GEO         RL686LST33510
------------------------------------------------------------------------------------------------------------------------------------
                                  Truck shop parts & supplies                   GEO
------------------------------------------------------------------------------------------------------------------------------------
186                  Jack         Jack                                          GEO
------------------------------------------------------------------------------------------------------------------------------------
156       4/1/99     JONF         1998 Ford F150 Pickup                         GEO         1FTRX18L2WK007817
------------------------------------------------------------------------------------------------------------------------------------
                     JSATHER      1999 Ford F250 Crew Cab                       GEO         1FTRX18L2WK007817
------------------------------------------------------------------------------------------------------------------------------------
125                  OF03         Radio Equipment                               GEO
------------------------------------------------------------------------------------------------------------------------------------
126                  OF04         Toshiba Copier                                GEO
------------------------------------------------------------------------------------------------------------------------------------
132                  OF05         Minolta 4050 Copier                           GEO
------------------------------------------------------------------------------------------------------------------------------------
145       2/22/99    OF06         NEC Phone System                              GEO
------------------------------------------------------------------------------------------------------------------------------------
147                  OF07         10 Desks w/return                             GEO
------------------------------------------------------------------------------------------------------------------------------------
152                  OF08         Conference Table                              GEO
------------------------------------------------------------------------------------------------------------------------------------

                                       52
<PAGE>

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
                                                  Geodyne Beck Rock Products, Inc.
------------------------------------------------------------------------------------------------------------------------------------
                                                             Truck List
------------------------------------------------------------------------------------------------------------------------------------
                                                            As of 2/28/01
------------------------------------------------------------------------------------------------------------------------------------
Sys#      Acq Date   Asset#       Description                                   Site        Serial #
----      --------   ------       -----------                                   ----        --------
<S>       <C>        <C>          <C>                                           <C>         <C>
------------------------------------------------------------------------------------------------------------------------------------
159                  OF09         New Cherry desk w/matching table              GEO
------------------------------------------------------------------------------------------------------------------------------------
317                  OF10         Time Clock w/trade-in                         GEO
------------------------------------------------------------------------------------------------------------------------------------
167                  OF10         (2) Timeclocks                                GEO
------------------------------------------------------------------------------------------------------------------------------------
187                  Radio        2 Handheld Radios                             GEO
------------------------------------------------------------------------------------------------------------------------------------
191                  Radio        2 Handheld Radios                             GEO
------------------------------------------------------------------------------------------------------------------------------------
154       4/30/99    RONC         1999 Ford F353 Supercab Pickup                GEO         1FTSX31F2XEC79201
------------------------------------------------------------------------------------------------------------------------------------
214                  S-1          High Pressure Washer                          GEO
------------------------------------------------------------------------------------------------------------------------------------
386                  SH05         Clutch Handler                                GEO
------------------------------------------------------------------------------------------------------------------------------------
177                  Shop         Power Washer                                  GEO
------------------------------------------------------------------------------------------------------------------------------------
223       4/1/98     T-23         1978 Kenworth dump truck                      BECK        163995S
------------------------------------------------------------------------------------------------------------------------------------
150       4/1/98     T-35         1995 International Dump Truck (BECK)          GEO         1HTGGAET0SH659108
------------------------------------------------------------------------------------------------------------------------------------
227       4/1/98     T-37         1995 Chevy pickup                             BECK        1GBJC34F7SE253337
------------------------------------------------------------------------------------------------------------------------------------
229       4/1/98     T-39         1996 CHEVY PICKUP                             BECK        1GBHC34FXTE229504
------------------------------------------------------------------------------------------------------------------------------------
149       4/1/98     T-41         1995 International Dump Truck (Beck)          GEO         2HTTGAST3SC029821
------------------------------------------------------------------------------------------------------------------------------------
30        4/1/98     T-44         97 Dodge pickup                               BECK        3B7KF23B2VM506251
------------------------------------------------------------------------------------------------------------------------------------
153       4/1/98     T-46         1997 International Dump Truck                 GEO         1HTGLAETOVH483645
------------------------------------------------------------------------------------------------------------------------------------
151       4/1/98     T-47         1997 International Dump Truck (Beck)          GEO         1HTGLAET9VH483644
------------------------------------------------------------------------------------------------------------------------------------
242       6/12/98    T-53         Geodyne Mack                                  BECK        RS686LS55512
------------------------------------------------------------------------------------------------------------------------------------
277       12/1/98    T-54A        Tool Box                                      BECK
------------------------------------------------------------------------------------------------------------------------------------
264       4/23/99    T-59         1999 Ford F-150 Pickup                        BECK        1FTZF1721XKB60275
------------------------------------------------------------------------------------------------------------------------------------
267       4/20/99    T-61         1999 Ford F150 Pickup                         BECK        1FTXF1722XKB60270
------------------------------------------------------------------------------------------------------------------------------------
265       4/20/99    T-62         1999 Ford F150 Pickup                         BECK        1FTXF172XXKB60274
------------------------------------------------------------------------------------------------------------------------------------
262       4/22/99    T-65         1995 Ford F800 Pickup                         BECK        1FDNF80C9SVA00867
------------------------------------------------------------------------------------------------------------------------------------
272       5/17/99    T-66         1999 Ford 350 Flatbed                         BECK        1FDWF36F8XEE37369
------------------------------------------------------------------------------------------------------------------------------------
282       10/1/99    T-67         FORD F350 MECHANICS TRUCK W/CRANE             BECK        1FDWF36F6XEE37368
------------------------------------------------------------------------------------------------------------------------------------
274       5/17/99    T-69         1999 Ford F250 Crew Cab                       BECK        1FTNW21F2XEE37370
------------------------------------------------------------------------------------------------------------------------------------
279       9/16/99    T-70         1988 FORD PICKUP                              BECK        1FTHF25M7JPA07786
------------------------------------------------------------------------------------------------------------------------------------
373       4/13/00    T-72         2000 FORD F350 PICKUP                         GEO         1FTSX31F8YEB46301
------------------------------------------------------------------------------------------------------------------------------------
375       4/1/00     T-73         1988 INT'L SERVICE TRUCK 1955                 BECK        1HSLRDBN5JH537069
------------------------------------------------------------------------------------------------------------------------------------
425       7/15/00    T-76         Distributor Truck                             BECK        1FDXF80C6WVA30326
------------------------------------------------------------------------------------------------------------------------------------
400       5/24/00    T-78         2000 Ford F250 Pickup                         BECK        3FTNX21F1YMA41049
------------------------------------------------------------------------------------------------------------------------------------
250       4/1/98                  1994 Transport Trailer                        BECK
------------------------------------------------------------------------------------------------------------------------------------
379       4/1/00                  1982 FORD F8000 FUEL & LUBE TRUCK             BECK        1FDYU8OU6CVA17171
------------------------------------------------------------------------------------------------------------------------------------
374       4/12/00                 2000 FORD F250 PICKUP                         GEO         3FTNW21F2YMA40754
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   (30) Tires/Rims                               GEO
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   1999 Kenworth T800B                           GEO         1NKDLB9X5XR865114
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   1999 Kenworth T800B                           GEO         1NKDLB9X5XR865115
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   1999 Kenworth T800B                           GEO         1NKDLB9X5XR865116
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   1999 Kenworth T800B                           GEO         1NKDLB9X5XR865117
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   1999 Kenworth T800B                           GEO         1NKDLB9X5XR865118
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   1999 Kenworth T800B                           GEO         1NKDLB9X5XR865119
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   1999 Kenworth T800B                           GEO         1NKDLB9X5XR865120
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   1999 Williamsen Trailers                      GEO         1W95E39FOXS002488
------------------------------------------------------------------------------------------------------------------------------------
<PAGE>

<CAPTION>
<S>       <C>        <C>          <C>                                           <C>         <C>
          Lease                   1999 Williamsen Trailers                      GEO         1W95E39FOXS002489
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   1999 Williamsen Trailers                      GEO         1W95E39FOXS002490
------------------------------------------------------------------------------------------------------------------------------------

                                       53
<PAGE>

<CAPTION>
<S>       <C>        <C>          <C>                                           <C>         <C>
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   1999 Williamsen Trailers                      GEO         1W95E39FOXS002491
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   1999 Williamsen Trailers                      GEO         1W95E39FOXS002492
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   2000 Polar Trailer                            GEO         1PMA12437Y1022788
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   2000 Kenworth T800                            GEO         1XKDDB9X9WR767028
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   2000 Kenworth T800                            GEO         1XKDDB9X9WR767031
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   1998 Beall Bottom Dump Trailers               GEO         1BN2P3430WB005327
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   1998 Beall Bottom Dump Trailers               GEO         1BN2P3430WB005328
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   1998 Beall Bottom Dump Trailers               GEO         1BN2P3430WB005329
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   1998 Beall Bottom Dump Trailers               GEO         1BN2P3430WB005330
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   1998 Beall Bottom Dump Trailers               GEO         1BN2P3430WB005331
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   1998 Beall Bottom Dump Trailers               GEO         1BN2P3430WB005332
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   1998 Beall Bottom Dump Trailers               GEO         1BN2P3430WB005333
------------------------------------------------------------------------------------------------------------------------------------
          Lease                   1998 Beall Bottom Dump Trailers               GEO         1BN2P3430WB005334
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
                                  Computers, copier, faxes, furniture, etc.     BECK
------------------------------------------------------------------------------------------------------------------------------------
                                  Debbie's computer & accounting printer        BECK
------------------------------------------------------------------------------------------------------------------------------------
                                  HP 4000 Printer                               GEO
------------------------------------------------------------------------------------------------------------------------------------
                                  IKON Cannon facsimile machine                 GEO
------------------------------------------------------------------------------------------------------------------------------------
                                  Traffic Control Equipment                     BECK
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                       54
<PAGE>

                          SCHEDULE 1.2 EXCLUDED ASSETS
<TABLE>
<CAPTION>
From        Year        Model or Description      Description            Serial #               Location    Noters/Comments
<S>          <C>        <C>                     <C>                  <C>                         <C>            <C>
Monroc       90                 CHEV            Pickup w/Radio       1GCDK146LE249914             Gone          Gone
Monroc       90                 CHEV            Pickup w/Radio       2G1WL54T7L9181037            Gone          Gone
Monroc       89                 CHEV            Pickup w/Radio       2GCEC14H4K1217304            Gone          Gone
Monroc       97                DODGE            Pickup w/Radio       3R7HF16X5VS241936            Gone          Gone
Monroc       87                 FORD            Pickup w/Radio       1FDKF37L4HKA31854            Gone          Gone
Monroc       98                 FORD            Pickup w/Radio       1FDZZ96P8WVA28433            Boise         Mixer Truck Boise
Monroc       98                 FORD            Pickup w/Radio       1FDZZ96PXWVA29549            Boise         Mixer Truck Boise
Monroc       97                 FORD            Pickup w/Radio       1FMDU34C1VU91473             Gone          Gone
Monroc       97                 FORD            Pickup w/Radio       1FMDU35PXNZA09204            Gone          Gone
Monroc       98                 FORD            Pickup w/Radio       1HTTWAHT8WJ001645            Boise         Mixer Truck Boise
Monroc       86                 GMC             Pickup w/Radio       1G9TAJ066GA008005            Gone          Precast
Monroc       86                 GMC             Pickup w/Radio       1G9TAJ068GA008006            Gone          Precast
Monroc       84           Homemade Trailer      Trailer              WA78100247                   Gone          Precast
Monroc       82               KENWORTH          Tractor w/Radio      1M2V230C8CM001031            Gone          Precast
Monroc       90               KENWORTH          Tractor w/Radio      1XKBDE9XXLJ556815            Gone          Precast
Monroc       93               KENWORTH          Tractor w/Radio      1XKWD29XXCS31118             Gone          Precast
Monroc       78                 MACK            Tractor w/Radio      RL685LS26101                 Boise         Mixer Truck Boise
Monroc       60                 PEER            Trailer              602696                       Twin Falls
Monroc       67                 PNTW            Trailer              WA78100242                   Precast
Monroc       67                 PNTW            Trailer              WA78100245                   Precast
Monroc       78                 SPEC            Trailer              13242                        Precast

                                       55

<PAGE>

<CAPTION>
<S>          <C>        <C>                     <C>                  <C>                          <C>           <C>
Monroc       92          1992 CHEVROLET 4X4                          1GCFK24KONE103778            Gone          Sold
Monroc       95       1995 RAM 1995 DODGE RAM                        1B7HC16Y1SS102122            Boise         Boise
                             MODEL 1500
Monroc                   CAT. WHEEL LOADER                                                        Boise         Boise
Monroc                   AUTO CONTROL 2000                                                        Boise
Monroc                   AUTO CONTROL BATCH                                                       Gone
                       COMPUTER SERIES 2000,
                            MOIST EQUIP
Monroc                  AUTOTRACKING SYSTEM                                                       Boise
Monroc                    CURTIS 10 HP AIR                                                        Twin Falls
                        COMPRESSOR FOR BATCH
                               PLANT
Monroc                   DEEONESYS PURCHASE                                                       Gone          Gone
                       PERSONAL COMPUTER FOR
                               OFFICE
Monroc                 DEEONESYST DATA ENTRY                                                      Gone          Gone
                      PERSONAL COMPUTER SYSTEM
</TABLE>

                                       56
<PAGE>

                      SCHEDULE 1.2A EXCLUDED BUYERS ASSETS

Buildings and ready-mix plant located at Keigley Quarry.

Shop at Point of the Mountain to be retained and used by Staker.

1985 Powell portable truck scales s/n 8100C10-S1

Unit 48009, Gelco Scale House Trailer

                                       57
<PAGE>

          SCHEDULE 1.4(b)(I) PROPERTY LEASES (TO BE ASSIGNED TO PARSON)

SITE 25A- 1080 N. VICTORY ROAD (FALCON RIDGE QUARRY)

Lease dated as of August 18, 2000, by and between  Sinclair Oil  Corporation (as
landlord) and Geodyne Transport,  Inc.  (predecessor in interest to Geodyne Beck
Rock Products, Inc.) (as tenant).

SITE 177- TOOELE

Ordinary Sand and Gravel Permit between Western Aggregates,  Inc. (as permittee)
and the State of Utah School and Institutional  Trust Lands  Administration  (as
permitter) dated June 16, 2000.

                                       58
<PAGE>

         SCHEDULE 1.4(b)(II) PROPERTY LEASES (TO BE ASSIGNED TO STAKER)

SITE 26- 1616 NORTH BECK STREET (HOT PLANT)

Commercial  Lease  Agreement  dated as of February 20,  1998,  by and among A.C.
Financial (as landlord),  Geodyne  Transport,  Inc.  (predecessor in interest to
Geodyne Beck Rock  Products,  Inc.) (as tenant) and Western  Aggregates  Holding
Corp. (as guarantor).

                                       59
<PAGE>

           SCHEDULE 1.4(c) PROPERTY LEASES (TO BE ASSIGNED TO MONROC)

SITE 47- POINT OF THE MOUNTAIN

Sand,  Gravel and  Associated  Borrow  Material Lease dated April 1, 1998 by and
between Pacific West Royalty, LLC (as Lessor) and Staker Paving and Construction
Company,  Inc. (as Lessee)  (with a retained  interest in shop and its continual
use with Staker's  ready mix  operations).  To be  integrated  and combined with
Lease Agreement dated July 28, 1998 by and between Pacific West Royalty, LLC (as
Lessor) and Jack B. Parson Companies (as Lessee) into "Combined Lease," and then
transferred to Staker and Seller pursuant to Co-Occupancy Agreement.

Lease with Utah  Department of  Transportation  (Landlord) and Staker Paving and
Construction  Company,  Inc.  (Tenant),  dated March 5, 1997 (since  assigned to
Geneva Rock as Landlord).  Lease purposes are for the stockpiling and storage of
materials in connection with its operations at the Point of the Mountain.

                                       60
<PAGE>

                      SCHEDULE 1.4(d) ASSUMPTION AGREEMENTS

1. Assignment and Assumption of Commercial  Lease Agreement dated as of February
20, 1998, by and among A.C.  Financial (as landlord),  Geodyne  Transport,  Inc.
(predecessor  in interest to Geodyne Beck Rock  Products,  Inc.) (as tenant) and
Western Aggregates Holding Corp. (as guarantor).

2.  Assignment  and  Assumption  of Lease  dated as of August 18,  2000,  by and
between  Sinclair Oil  Corporation  (as  landlord) and Geodyne  Transport,  Inc.
(predecessor in interest to Geodyne Beck Rock Products, Inc.) (as tenant).

3.  Assignment and Assumption of Ordinary Sand and Gravel Permit between Western
Aggregates,  Inc. (as permittee) and the State of Utah School and  Institutional
Trust Lands Administration (as permitter) dated June 16, 2000.

4. Assignment and Assumption of Salt Lake City Real Property  License  Agreement
dated as of December 31, 1998 by and between Monroc, Inc. ("Licensor") and Eagle
Precast Company ("Licensee").

5.  Assignment  and  Assumption  of Agreement for Service from Track of Railroad
dated November 15, 1996, by and between  Southern  Pacific  Railroad Company and
the Denver and Rio Grande  Western  Railroad  Company (as  landlord) and Monroc,
Inc. (as tenant).

6.  Assignment  and Assumption of Agreement for Easement dated July 20, 2000, by
and between RCA Family, L.C. and Eagle Valley Materials.

7.  Assignment and Assumption of Royalty and  Consulting  Agreement  dated as of
February 18, 1998 by and among G. Elaine  Rolfe,  Kim V. Rolfe,  Kerry D. Rolfe,
Kurt E. Rolfe and Kelley Dawson and Rolfe Development, LLC as their assignee and
Falcon  Ridge  Construction  (predecessor  in  interest  to  Geodyne  Beck  Rock
Products, Inc.).

8. Assignment and Assumption of Asphalt  Bituminous  Paving  Material  Agreement
between  Geodyne  Beck Rock  Products,  Inc.  ("Contractor")  and Salt Lake City
Corporation ("City") dated March 14, 2000, renewed through January 2, 2002.

9.  Assignment and Assumption  Agreements  necessary to transfer the capital and
operating leases listed on the attachment to Schedule 2.1.

10.  Assignment of Billboard  Lease  Agreement  dated  February 22, 1994, by and
between Reagan  Outdoor  Advertising  ("Lessee")  and Falcon Ridge  Construction
("Lessor")  (predecessor  in  interest  to  Geodyne  Beck Rock  Products,  Inc.)
(subject to the indemnity provisions in the Agreement).

                                       61
<PAGE>

                  SCHEDULE 1.4(e) SELLER ASSUMPTION AGREEMENTS

Lease  Agreement  dated  March  5,  1997  by  and  between  Utah  Department  of
Transportation  (as Lessor) and Staker Paving and Construction  Company Inc. (as
Lessee)

Dolomite Supply Contract by and between Geneva Steel Company and Oldcastle dated
October 20, 1999

Water Purchase  Agreement dated May 28, 1999 by and between the Salt Lake County
Water Conservancy and Staker Paving and Construction Company Inc.

Sand,  Gravel and  Associated  Borrow  Material Lease dated April 1, 1998 by and
between Pacific West Royalty, LLC (as Lessor) and Staker Paving and Construction
Company,  Inc. (as Lessee)  (with a retained  interest in shop and its continual
use with Staker's  ready mix  operations).  To be  integrated  and combined with
Lease Agreement dated July 28, 1998 by and between Pacific West Royalty, LLC (as
Lessor) and Jack B. Parson Companies (as Lessee) into "Combined Lease," and then
transferred to Staker and Seller pursuant to Co-Occupancy Agreement.

                                       62
<PAGE>

                          SCHEDULE 1.4(f) BILLS OF SALE

1.    Western  to Parson

2.    Monroc to Parson

3.    Geodyne to Staker

4.    Valley to Parson

5.    Eagle to Parson

                                       63

<PAGE>

                       SCHEDULE 1.4(g) BUYER BILLS OF SALE

1.       Staker to Monroc

                                       64
<PAGE>

    SCHEDULE 1.4(h) OWNED PROPERTY TO BE TRANSFERRED BY SPECIAL WARRANTY DEED

SITE 38- HEBER

Heber (ready mix plant)

SITE 44- PARK CITY

Park City (ready mix plant)

SITE 25B AND 25C- FALCON RIDGE QUARRY

1050 N. Victory Road (30 acres)
N. Victory Road (18 acres)

                                       65

<PAGE>

          SCHEDULE 1.4(i) PROPERTY TO BE LEASED FROM SELLERS TO BUYERS

SITE 32- 1730 BECK STREET

1730 Beck Street (limestone quarry,  ready mix plant, shop, office,  lab) (lease
from Monroc to Parson)

SITE 47- POINT OF THE MOUNTAIN

Lease of parcel 1 (ready mix site) from Monroc to Parson.

                                       66
<PAGE>

        SCHEDULE 1.4(j) PROPERTY TO BE SUBJECT TO CO-OCCUPANCY AGREEMENT
                           BETWEEN BUYERS AND SELLERS

Keigley Quarry

Point of the Mountain

                                       67
<PAGE>

            SCHEDULE 1.4(l) PROPERTY TO BE USED BY TRI-STATE PURSUANT
                           TO AGREEMENTS WITH BUYERS

Tri-State Lab located at 1730 Beck Street - Office Building

Tri-State Lab at Park City Site - Trailer

                                       68
<PAGE>

           SCHEDULE 1.4(n) PROPERTY SUBJECT TO CO-OCCUPANCY AGREEMENT
                           BETWEEN SELLERS AND BUYERS

SITE 91- LELAND YARD

Leland Yard (co-occupancy and Seller continues to operate asphalt plant and main
office, shop and gravel stock pile)

                                       69
<PAGE>

                    SCHEDULE 1.4(p) OTHER RELATED AGREEMENTS

In addition to the documents listed below, any documents or instruments executed
and delivered at or in connection with the Closing by Buyers or Sellers or their
respective affiliated entities:

1730 NORTH BECK STREET

     o  Memorandum of Lease Agreement between Monroc and Parson
     o  Termination of Lease Agreement by and among Monroc, Staker and Parson
     o  Memorandum of Tri-State Sublease

PARK CITY

     o  Quitclaim Deed

HEBER CITY

     o  Quitclaim Deed

FALCON RIDGE QUARRY

     o  Quitclaim Deed from Geodyne
     o  Quitclaim Deed from G. Elaine Rolfe, Kim V. Rolfe,  Kerry D. Rolfe, Kurt
        E. Rolfe and Kelly L. Dawson
     o  Waiver,  Consent,  Estoppel  and  Amendment by G. Elaine  Rolfe,  Kim V.
        Rolfe,  Kerry  D.  Rolfe,  Kurt E.  Rolfe  and  Kelly L.  Dawson,  Rolfe
        Development LLC and Geodyne, in favor Parson

LEHI

     o  Second  Amendment to Purchase and Operating  Agreement dated as of March
        28, 2001 by and among Peck Rock and Products, LLC, Clay Peck, Cole Peck,
        Western and Parson  (co-occupancy  and Seller  continues  to operate the
        limestone quarry and asphalt plant)
     o  Memorandum  of Purchase and  Operating  Agreement by and among Peck Rock
        and Products LLC, Clay Peck and Cole Peck, Western and Parson
     o  Termination of License Agreement between Western and Eagle

1616 NORTH BECK STREET (HOT PLANT)

     o  Consent of State of Utah to Assignment of Asphalt Bituminous Agreement
     o  Memorandum of Assignment and Assumption  Agreement  between  Geodyne and
        Staker regarding AC Financial Lease
     o  Consent of AC Financial to Assignment of Commercial Lease

POINT OF THE MOUNTAIN

     o  Memorandum of Co-Occupancy Agreement
     o  Letter Agreement for Off-Site Building

                                       70

<PAGE>

     o  Easement and License Agreement dated as of March 30, 2001 by and between
        Monroc and Parson
     o  Agreement of Easement and Notice of Easement  dated as of March 30, 2001
        by and between Monroc and Parson
     o  Lease Agreement  between Staker and Monroc
     o  Memorandum of Lease between Staker and Monroc

SPANISH FORK (LELAND)

     o  Memorandum of Co-Occupancy Agreement between Valley and Parson
     o  Specific  Irrevocable  Power of  Attorney  Coupled  with an  Interest by
        Valley in favor of Parson
     o  Amendment  to Real Estate  Option  Agreement  between  Valley,  Brent R.
        Sumsion and Scott J. Sumsion

BACCHUS 2

     o  License Agreement by and between Monroc and Parson
     o  Memorandum of License Agreement by and between Monroc and Parson

KEIGLEY QUARRY

     o  Co-Occupant Consent by Staker
     o  Memorandum of Co-Occupancy Agreement between Staker and Western
     o  Assignment and Assumption by and among  Oldcastle and Staker,  regarding
        the Dolomite Supply Agreement
     o  Waiver,  Consent,  Estoppel and Amendment by Geneva Steel LLC and Staker
        in favor of Western

1080 NORTH VICTORY ROAD, SITE 25A (FALCON RIDGE QUARRY)

     o  Memorandum of Lease between  Geodyne and Parson  regarding  Sinclair Oil
        Lease
     o  Consent of Sinclair Oil to Assignment of Lease

TOOELE

     o  [NONE]

OTHER DOCUMENTS

     o  Aggregates Purchase and Sale Agreement, by and between Parson and Monroc
     o  Self Insurance Amendment, Fleet Capital Corporation (Bank of Boston)

                                       71
<PAGE>

                        SCHEDULE 2.1 ASSUMED LIABILITIES

    1. All  property  leases to be  assigned  to the Parson  listed on Schedule
       1.4(b)(i);

    2. All  property  leases to be  assigned  to the Staker  listed on Schedule
       1.4(b)(ii);

    3. All contracts to be assumed by Buyer listed on Schedule 1.1(e)(i);

    4. All contracts to be assumed by Buyer listed on Schedule 1.1(e)(ii);

    5. Those capital and operating leases on the attached list.

                                       72
<PAGE>

                        SCHEDULE 2.1 ASSUMED LIABILITIES

GEODYNE - OPERATING -LEASES
<TABLE>
<CAPTION>
LESSOR                  VALUE             LEASE               EQUIPMENT TRANSFERRED
<S>                     <C>               <C>                 <C>
Banc Boston             $1,093,177        06/01/98            (a) One (1) Splitter Chute with Flop Gate
                                                              30"x100" Fleet/CIT 933-70 Portable Side
                                                              Fold Radial Stacker w/ 30 h.p. Drive
                                                              Hydraulic Raise and Travel

                                                              (b) One (1) new belt feeder 36"x 20', 20hp
                                                              tefc electric motor, 15yd hopper, used
                                                              single axle Chassis.

                                                              (c) One (1) new Telesmith 30x55 LP-PP-VGF
                                                              Plant S/N 505M2602 w/200hp drive, 54"x20"
                                                              vibrating feeder S/N 121 m5890, w/30x50 jaw
                                                              crusher S/N 222m8051 and Fold-down loader
                                                              hopper S/N7L03010004 VS2R

                                                              (d) Three (3) 30"x60' Stackable Conveyors

                                                              (e) Three (3) 36"x60' Stackable Conveyors

                                                              (f) Two (2) 36"x70' Stackable frame
                                                              Conveyors

                                                              (g) One (1) 36"x 15' Conveyor for feeding
                                                              finehead cone form screen plant

                                                              (h) One (1) 36 or 42x45 stackable conveyor
                                                              for taking material from finehead cone to
                                                              spitter chute

                                                              (i) One new JCI 1400 LS Cone Crusher S/N
                                                              98C01B1400LS

                                                              (j) 7x20 3-deck JCI screen S/N 97H08138

                                                              (k) Conveyor 48" side discharge conveyor

                                                              (l) One 1 new JCI 1400LS cone crusher S/N
                                                              98C01A1400LS

                                                              (m) One (1) portable twin screen plant w/2
                                                              new JCI 7'x20' 3-deck screens S/Ns 98H09A38
                                                              AND 98H01A38

                                                              (n) One (1) 36"x11' cross conveyor

                                                              (o) Four (4) 24"x 11' Cross Conveyors, 3
                                                              axle

                                                              (p) One (1) used Utility 45' Van w/switch
                                                              gear for crusher
</TABLE>

                                       73
<PAGE>

<TABLE>
<CAPTION>
LESSOR                  VALUE             LEASE               EQUIPMENT TRANSFERRED
<S>                     <C>               <C>                 <C>
Banc Boston #22         $609,729          01/04/96            One (1) New Blaw Knox Model 5510 Paver S/N
                                                              101928

                                                              One (1) Ingersoll Rand Model DD1100 Asphalt
                                                              Compactor S/N 142679

                                                              One (1) Ingersoll Rand Model SD70DA Asphalt
                                                              Compactor S/N 147113

                                                              One (1) Ingersoll Rand Model SD70DA
                                                              Asphalt Compactor S/N 147301

                                                              One (1) LeeBoy L-250 Tack Distributor S/N
                                                              L250T1166

                                                              One (1) LeeBoy L250 Tack Distributor S/N
                                                              L250T1023

                                                              One (1) New LeeBoy Model 8500 Low Deck

                                                              Asphalt Paver One (1) New Ingersoll Rand

                                                              Model CR32 Asphalt Paver S/N 152670

                                                              One (1) New Ingersoll Rand Model DD32
                                                              Asphalt Compactor S/N 153334

SafeCo                  $425,687                              (a) One (1) Blaw Knox Model PF5510 Asphalt
                                                              Paver S/N 003-0049 55102052 731-001

                                                              (b) One (1) Rosco Model Max-H II Maximizer
                                                              S/N 35584

                                                              (c)) One (1) Ly Moden L250T Lee Boy Track
                                                              S/N 0T1232

                                                              (d) One Laymor Model 8B Broom S/N 28154

                                                              (e) One (1) Ingersoll Rand Asphalt
                                                              Compactor S/N 154679

                                                              (f) One (1) 1999 Ford F-800 Service Truck
                                                              S/N 3FENF8014XMA13246

SafeCo                  $344,498          05/04/99            (a) Two (2) 1999 Ingersoll-Rand Single Drum
                                                              Compactors 099-0049 S/Ns 158736 & 158216
                                                              713-002

                                                              (b) One (1) 1999 Ingersoll-Rand CR32 Single
                                                              Drum Compactor S/N 157038

                                                              (c) One (1) 1999 Trail King Transport
                                                              Trailer S/N 1TK04831XM068300

                                                              (d) One (1) 1999 Kensworth Transport Truck
                                                              S/N 1XKWPBEX2XR836281

Zion's Credit           $4,857            05/11/98            One (1) Boy Model 250T Tack Distributor
                                                              with Honda 6627-8 Engine and Spray Bar S/N
                                                              250T-1371

                                                              One (1) AshRoss 1260C Mobile Unloading
Zion's Credit           $402,185          05/11/98            System S/N 6627-9 AR-1260C-100-00
</TABLE>

                                       74
<PAGE>

<TABLE>
<CAPTION>
LESSOR                  VALUE             LEASE               EQUIPMENT TRANSFERRED
<S>                     <C>               <C>                 <C>
Banc One                $118,002          04/12/00            One (1) Texas Crusher Systems Model 600
1001103126                                                    Auto balance impact crusher with (2) 300hp
                                                              electric motors S/N 1999-027, including
                                                              factory stand, soft starters, eriez magnet

Banc One                $73,364           04/21/00            (a) One (1) new 30"x 100' radial stacker,
1000103600                                                    pit portable, fixed height, power radial
                                                              1000-22.5 tires S/N30100RS03001

                                                              (b) One (1) new 30" x 100' radial stacker,
                                                              pit portable, fixed height, power radial
                                                              1000-22.5 tires S/N30120RS03002

                                                              (c) One (1) Pantleg splitter chute
                                                              w/adjustable flap gate
</TABLE>

                                       75
<PAGE>

MONROC - OPERATING LEASES
<TABLE>
<CAPTION>
LESSOR                  VALUE             LEASE DATE           EQUIPMENT TRANSFERRED
<S>                     <C>               <C>                  <C>
GE Capital              $727,622          03/01/95             Ten (10) 1996 Mack. Model FDM7133 Trucks Serial
5332491-001                                                    Numbers:

                                                               1S9C71338T1136614
                                                               1S9C7133XT1136615
                                                               1S9C71331T1136616
                                                               1S9C71333T1136617
                                                               1S9C71335T1136618
                                                               1S9C71337T1136619
                                                               1S9C71333T1136620
                                                               1S9C71335T1136621
                                                               1S9C71337T1136622
                                                               1S9C71339T1136623

GE Capital              $437,623          06/98                Four (4) Mack Mixer Trucks S/Ns

5332491-004                                                    1S9C1335W1136736
                                                               1S9C1334W1136744
                                                               1S9C1336W1136745
                                                               1S9C1338W1136746

SafeCo                  $1,218,768        07/16/98             Ten (10) 1998 Advance Model 71411 70axle mixer truck
099-0991398-012                                                S/Ns:

                                                               1A9TAC4S6W0007152
Schedule 13                                                    1A9TAC7M9W0007367
                                                               1A9TAC7M0W0007368
                                                               1A9TAC7M2W0007369
                                                               1A9TAC7M9W0007370
                                                               1A9TAC7M0W0007371
                                                               1A9TAC7M2W0007372
                                                               1A9TAC7M2W0007374
                                                               1A9TAC7M2W0007375
                                                               1A9TAC7M2W0007377

Concord                 $1,067,575        04/09/00             Eight (8) Advance Model 71411-200 Mixer Truck S/Ns:

7-51379-4                                                      1A9TAC7M8X0007863
                                                               1A9TAC7M3X0007883
                                                               1A9TAC7M7X0007885
                                                               1A9TAC7M2X0007888
                                                               1A9TAC7M4X0007889
                                                               1A9TAC7M6X0007960
                                                               1A9TAC7MXX0007959
                                                               1A9TAC7MXX0007962

                                       76
<PAGE>

<CAPTION>
LESSOR                  VALUE             LEASE DATE           EQUIPMENT TRANSFERRED
<S>                     <C>               <C>                  <C>

Bank of America         $921,522          05/19/99             Seven (7) Front Dischg. Mixer Trucks S/Ns:
Leasing                                                        1A9TAC7M5X0007765
29877-00400-001                                                1A9TAC7M2X0007969
                                                               1A9TAC7M4X0007973
                                                               1A9TAC7M1X0007977
                                                               1A9TAC7M0X0007002
                                                               1A9TAC7M5X0007005
                                                               1A9TAC7M1X0007008

Banc One                $1,062,677        07/13/00             Seven (7) 2000 Advance Model 61411 Trucks SNs:

1000105063                                                     5DG8AU7TX0008043
                                                               5DG8AU7TI0008044
                                                               5DG8AU7T30008045
                                                               5DG8AU7T50008046
                                                               5DG8AU7T10008061
                                                               5DG8AU7T00008116
                                                               5DG8AU7T20008117

GE Capital              $706,956          07/27/99             Five Advance Mixer Trucks S/Ns:

4075677-004                                                    1A9TAC7MX0007024
                                                               1A9TAC7M70007028
                                                               1A9TAC7M70007016
                                                               1A9TAC7M70007012
                                                               1A9TAC7M70007020
</TABLE>

                                       77
<PAGE>

VALLEY ASPHALT - OPERATING LEASES
<TABLE>
<CAPTION>
LESSOR                VALUE            LEASE DATE          EQUIPMENT TO BE TRANSFERRED
<S>                   <C>              <C>                 <C>
SafeCo                $158,664                             Two(2) 1996 Oshkosh Mixer Trucks w/ Mixers S/Ns:

14063-003                                                  Trucks                                 Mixers
                                                           10T3ROSS0T1052952                      N920
                                                           10T3ROSS2T1052953                      N981

SafeCo                $501,486         05/28/97            Five (5) 1997 Oshkosh S-2146 Mixer Trucks w/ Mixers S/Ns:

003-0034063-006                                            Trucks                                 Mixers
                                                           10TMAWD2026VS063085                    N-1652
Schedule 007                                               10TMAWD2426VS063087                    N-1670
                                                           10TMAWD2626VS063088                    N-1666
                                                           10TMAWD2826VS063089                    N-1655
                                                           10TMAWD2426VS063090                    N-1668

SafeCo                $216,542         05/18/99            One (1) 1996 Oshkosh Mixer Truck S/N 10T3ROSSXT1052635

34063-012                                                  One (1) 1999 Oshkosh Mixer Truck S/N 10YMAWD26XS066088

Schedule 013

SafeCo                $153,758                             One (1) 2000 Oshkosh Truck w/ Mixer S/N:

34063-014                                                  Trucks                                 Mixers
                                                           10TRAWD10YS067137                      M1786
Schedule 015

SafeCo                $290,025         10/11/99            Two (2) 2000 Oshkosh Truck w/ Mixer S/N:

34063-013                                                  Trucks                                 Mixers
                                                           10TRAWD23XS067060                      M1746
Schedule 014                                               10TRAWD23YS067061                      M1743
</TABLE>

                                       78
<PAGE>

EAGLE VALLEY - OPERATING LEASE
<TABLE>
<CAPTION>
<S>                     <C>              <C>                  <C>
LESSOR                  VALUE            LEASE DATE           EQUIPMENT TO BE TRANSFERRED
Bank One                $336,689         06/28/00             Two (2) Oshkosh Mixers Serial #s

1000104424                                                    Trucks Mixers
                                                              10TRAAC20YS068902 M-2638
                                                              10TRAAC22YS068903
</TABLE>

                                       79
<PAGE>

MONROC - CAPITAL LEASES
<TABLE>
<CAPTION>
LESSOR                 ORIGINAL AMOUNT   LEASE DATE            EQUIPMENT TO BE TRANSFERRED
<S>                    <C>               <C>                   <C>
U.S. Bancorp           $156,032          02/06/96              One (1) complete reconditioned Noble Mobile 600
10878-004                                                      Concrete Batch Plant S/N 10878-004 8660R w/Ross Mixer
                                                               S/N 1200-43 and Auto Controller S/N 92-588
</TABLE>

                                       80
<PAGE>

VALLEY ASPHALT - CAPITAL LEASES
<TABLE>
<CAPTION>
LESSOR               ORIGINAL AMOUNT  LEASE DATE          EQUIPMENT TO BE TRANSFERRED
<S>                  <C>              <C>                 <C>
SafeCo               $323,548         05/06/96            Four (4) 1996 Oshkosh Mixer Trucks
34063-002                                                 S/Ns

                                                          Trucks                      Mixers
                                                          10T3ROSS1T1052944           N967
                                                          10T3ROSS3T1052945           N963
                                                          10T3ROSS5T1052946           N916
                                                          10T3ROSS7T1052947           N985

SafeCo               $84,505                              One (1) Oshkosh Model S-2146 Cement Truck
34063-004                                                 S/N Truck 10T3ROSS2T1053729 Mixer: M1150/LA5-3261
</TABLE>

                                       81
<PAGE>

                     SCHEDULE 2.1A ASSUMED BUYER LIABILITIES

Maintenance  and  payments  of mining and  mineral  claims and  conditional  use
permits pursuant to the Co-Occupancy Agreement at the Keigley Quarry.

Dolomite Supply Contract by and between Geneva Steel Company and Oldcastle dated
October 20, 1999.

Lease Agreement dated March 5, 1997 by and between Utah Department of
Transportation (as Lessor) and Staker Paving and Construction Company Inc. (as
Lessee).

Water Purchase  Agreement dated May 28, 1999 by and between the Salt Lake County
Water Conservancy and Staker Paving and Construction Company Inc.

                                       82
<PAGE>

                     SCHEDULE 3 ALLOCATION OF PURCHASE PRICE

The attached list is incorporated herein by reference.

                                       83
<PAGE>

US AGGREGATE PURCHASE PRICE ALLOCATION
<TABLE>
<S>                                                                                  <C>
Total Cash                                                                           *
Maximum debt to be assumed                                                           *
Total purchase price                                                                 *
Add:                                                                                 *
Oldcastle prepayment of BVD lease at Park City                                       *
Less:                                                                                *
         Deferred payment contingent on zoning for Falcon Ridge 18 acre parcel       *
         Assumed debt (capital and operating leases)                                 * to be finalized
Prepayments excluded from final transaction                                          *
Cash payment at closing                                                              *
Capital leases assumed                                                               *
Purchase price                                                                       *
Deferred payment for reserved constingent on zoning for Falcon Ridge 18 acre         *
parcel

Total proceeds                                                                       *
</TABLE>

ASSET ALLOCATION BY COMPANY

<TABLE>
<CAPTION>
                       Non-depletable   Goodwill     Reserves     Plant &       Mobile     Working        Total
                            land                                 Equipment    Equipment    Capital
<S>                                 <C>         <C>         <C>          <C>          <C>         <C>         <C>
MONROC, INC.                        *           *           *            *            *           *           *
GEODYNE BECK ROCK                   *           *           *            *            *           *           *
PRODUCTS, INC.

         30 acre                    *           *           *            *            *           *           *
         18 acre                    *           *           *            *            *           *           *
         Asphalt                    *           *           *            *            *           *           *

EAGLE VALLEY                        *           *           *            *            *           *           *
MATERIALS INC.

VALLEY ASPHALT, INC                 *           *           *            *            *           *           *
/ VALLEY MATERIALS, INC.

                       ------------------------------------------------------------------------------------------
 TOTAL                              *           *           *            *            *           *           *
                       ==========================================================================================
Geodyne Beck Rock                                           *
Products, Inc. -
contingent payment
for reserves
                       ------------------------------------------------------------------------------------------
 TOTAL                              *           *           *            *            *           *           *
                       ==========================================================================================
</TABLE>

-----------------
* Omissions denoted by the asterisk are confidential  materials separately filed
with  the  Securities  and  Exchange  Commission  under a  pending  Confidential
Treatment Request.

<PAGE>

                       SCHEDULE 4.3.1 FINANCIAL STATEMENTS

The following are attached to this Schedule 4.3.1:

     Monroc, Inc.: Beck Street Monthly Operating Analysis for the Periods ending
     December 2000 and 1999.

     Monroc, Inc.: Beck Street Monthly Operating Analysis for the Periods ending
     December 2000 and 1999 (Detail of Processed and Unprocessed Material).

     Monroc,  Inc.: Park City and Heber City Monthly Operating  Analysis for the
     Periods ending December 2000 and 1999.

     Monroc,  Inc.:  Point of the Mountain  Monthly  Operating  Analysis for the
     Periods ending December 2000 and 1999.

     Monroc,  Inc.:  Point of the Mountain  Monthly  Operating  Analysis for the
     Periods ending  December 2000 and 1999 (Detail of Processed and Unprocessed
     Material).

     Monroc,  Inc.:  Audited Park City and Heber City Monthly Operating Analysis
     for the Periods ending December 1999 and 1998.

     Monroc,  Inc.: Audited Point of the Mountain Monthly Operating Analysis for
     the Periods ending December 1999 and 1998.

     Monroc,  Inc.:  Audited  Beck Street  Monthly  Operating  Analysis  for the
     Periods ending December 1999 and 1998.

     Geodyne Beck Rock Products,  Inc.:  Audited Monthly Operating  Analysis for
     the Periods ending December 1999 and 1998.

     Monroc,  Inc.: Audited Bacchus 2 Monthly Operating Analysis for the Periods
     ending December 1999 and 1998.

     Valley Asphalt,  Inc.:  Audited Leland Monthly  Operating  Analysis for the
     Periods ending December 1999 and 1998.

                                       85
<PAGE>

Attachment to Schedule 4.3.1 - Financial Statements

                                       86
<PAGE>

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
MONROC, INC.
-------------------------------------------------------------------------------------------------------------------------
BECK STREET MONTHLY OPERATING ANALYSIS
-------------------------------------------------------------------------------------------------------------------------
For the Periods Ended December 2000 and 1999
-------------------------------------------------------------------------------------------------------------------------
                                                 MONTH                                       YEAR-TO-DATE
-------------------------------------------------------------------------------------------------------------------------
                                    2000            1999             Budget        2000              1999        Budget
-------------------------------------------------------------------------------------------------------------------------
<S>                                <C>                 <C>            <C>           <C>               <C>         <C>
Aggregates
-------------------------------------------------------------------------------------------------------------------------
   Volume (outside)                  13,497           36,388         39,500       566,725           577,437     768,134
-------------------------------------------------------------------------------------------------------------------------
   Volume (inside)                    5,247           11,421          6,325       130,650           129,551     176,326
-------------------------------------------------------------------------------------------------------------------------
Total Volume                         18,744           47,809         45,825       697,375           706,998     944,482
-------------------------------------------------------------------------------------------------------------------------
   Price/Ton (outside)                 5.91             5.43           6.34          5.24              5.44        6.00
-------------------------------------------------------------------------------------------------------------------------
   Price/Ton (inside)                  5.25             4.86           5.25          5.33              5.19        5.25
-------------------------------------------------------------------------------------------------------------------------
  Cost/Ton                         (22.06)             2.66           3.53          2.51              2.70        3.02
-------------------------------------------------------------------------------------------------------------------------
   Royalty/Ton                            -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (outside only)            75,944          197,087        225,060     2,936,082         2,676,946   3,997,161
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (inside only)             27,549           55,477         33,205       696,448           672,994     925,722
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                     499,171          125,784        111,902     1,905,960         1,684,755   2,426,230
-------------------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------------------
   Inventory Value ($)              300,504          623,004        935,339
-------------------------------------------------------------------------------------------------------------------------
   Volume Produced                    5,003           61,068         41,325       817,944           633,262     819,462
-------------------------------------------------------------------------------------------------------------------------
   Production Cost/Ton                39.27             2.18              3          3.48              3.23        3.00
-------------------------------------------------------------------------------------------------------------------------
   Inventory Change ($)           (441,371)          141,610        121,550     (204,688)           408,177     312,335
-------------------------------------------------------------------------------------------------------------------------
Asphalt
-------------------------------------------------------------------------------------------------------------------------
   Volume (outside)                                                                     -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Volume (inside)                        -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
Total Volume                              -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Price/Ton (outside)                    -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Price/Ton (inside)                     -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Cost/Ton                               -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (outside only)                                                               -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (inside only)                                                                -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                                                                         -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Backlog of Asphalt                     -                -              -
   (tons)
-------------------------------------------------------------------------------------------------------------------------
Construction
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (Net of                                                                      -                 -           -
   Subcontractors)
-------------------------------------------------------------------------------------------------------------------------
   Subcontractors Sales $                                                               -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                                                                         -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit %
-------------------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------------------
Ready Mix
-------------------------------------------------------------------------------------------------------------------------
  Volume                             2,787            7,138          5,953        77,915            84,518     110,205
-------------------------------------------------------------------------------------------------------------------------
   Price/Yard                        $63.50            69.13         $62.26        $62.08             65.06      $60.95
-------------------------------------------------------------------------------------------------------------------------
   Cost/Yard                         $71.99            61.13         $56.38        $55.73             56.41      $52.52
-------------------------------------------------------------------------------------------------------------------------
   Sales $                          176,961          493,444        370,634     4,837,145         5,498,367   6,716,922
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                    (23,686)           57,082         34,996       494,804           731,126     928,673
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
Block
-------------------------------------------------------------------------------------------------------------------------
   Volume                                 -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Price/Block                            -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Cost/Block                             -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
  Sales $                                 -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                           -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------------------
Transportation & Other
-------------------------------------------------------------------------------------------------------------------------
   Sales $                                                 -              -             -            44,115           -
-------------------------------------------------------------------------------------------------------------------------
<PAGE>

<CAPTION>
<S>                                <C>                 <C>            <C>           <C>               <C>         <C>
   Gross Profit                                            -              -             -            32,450           -
-------------------------------------------------------------------------------------------------------------------------
Note:  Price/Ton and Cost/Ton do not include Unprocessed Bank Run, Pond Dirt, Squeegy, Pond Sand, Cyclone Sand
-------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                       87

<PAGE>

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
MONROC, INC.
-------------------------------------------------------------------------------------------------------------------------
PARK CITY HEBER CITY MONTHLY OPERATING ANALYSIS
-------------------------------------------------------------------------------------------------------------------------
For the Periods Ended December 2000 and 1999
-------------------------------------------------------------------------------------------------------------------------
                                                 MONTH                                      YEAR-TO-DATE
-------------------------------------------------------------------------------------------------------------------------
                                  2000            1999           Budget          2000            1999          Budget
-------------------------------------------------------------------------------------------------------------------------
<S>                              <C>              <C>             <C>           <C>              <C>           <C>
Aggregates
-------------------------------------------------------------------------------------------------------------------------
   Volume (outside)                                       51              -           171             2,050           -
-------------------------------------------------------------------------------------------------------------------------
   Volume (inside)                        -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
Total Volume                              -               51              -           171             2,050           -
-------------------------------------------------------------------------------------------------------------------------
   Price/Ton (outside)                    -            10.61              -         10.23              8.23           -
-------------------------------------------------------------------------------------------------------------------------
   Price/Ton (inside)                     -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Cost/Ton                               -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Royalty/Ton
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (outside only)                                541              -         1,749            16,864           -
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (inside only)                                   -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                                          541              -         1,749            16,854           -
-------------------------------------------------------------------------------------------------------------------------
   Inventory Value ($)                                     -              -
-------------------------------------------------------------------------------------------------------------------------
   Volume Produced                                         -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Production Cost/Ton                                     -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Inventory Change ($)                                    -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------------------
Asphalt
-------------------------------------------------------------------------------------------------------------------------
   Volume (outside)                                                                     -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Volume (inside)                        -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
Total Volume                              -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Price/Ton (outside)                    -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Price/Ton (inside)                     -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Cost/Ton                               -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (outside only)                                                               -                             -
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (inside only)                                                                -                             -
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                                                                         -                             -
-------------------------------------------------------------------------------------------------------------------------
   Backlog of Asphalt                     -                -              -
   (tons)
-------------------------------------------------------------------------------------------------------------------------
Construction
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (Net of                                                                      -                 -           -
   Subcontractors)
-------------------------------------------------------------------------------------------------------------------------
   Subcontractors Sales $                                                               -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                                                                         -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit %
-------------------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------------------
Ready Mix
-------------------------------------------------------------------------------------------------------------------------
   Volume                             6,703            7,229          4,775       112,784           108,830     120,000
-------------------------------------------------------------------------------------------------------------------------
   Price/Yard                        $71.17            73.57         $74.50        $69.61             73.10      $74.00
-------------------------------------------------------------------------------------------------------------------------
   Cost/Yard                         $78.97            78.63         $56.95        $58.93             56.31      $56.39
-------------------------------------------------------------------------------------------------------------------------
   Sales $                          477,039          531,829        355,738     7,850,544         7,955,205   8,879,428
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                    (52,313)         (36,568)         83,803     1,204,319         1,826,750   2,112,400
-------------------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------------------
Block
-------------------------------------------------------------------------------------------------------------------------
   Volume                                 -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Price/Block                            -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Cost/Block                             -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Sales $                                -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                           -                -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------------------
Transportation & Other
-------------------------------------------------------------------------------------------------------------------------
<PAGE>

<CAPTION>
<S>                              <C>              <C>             <C>           <C>              <C>           <C>
   Sales $                                                 -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                                            -              -             -                 -           -
-------------------------------------------------------------------------------------------------------------------------
Note:  Price/Ton and Cost/Ton do not include Unprocessed Bank Run, Pond Dirt, Squeegy, Pond Sand, Cyclone
Sand
-------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                       88
<PAGE>

<TABLE>
<CAPTION>
MONROC, INC.
-------------------------------------------------------------------------------------------------------------------------
BECK STREET MONTHLY OPERATING ANALYSIS
-------------------------------------------------------------------------------------------------------------------------
For the Periods Ended December 2000 and 1999
-------------------------------------------------------------------------------------------------------------------------
Detail of Processed and Unprocessed Material
-------------------------------------------------------------------------------------------------------------------------
                                                    MONTH                                     YEAR-TO-DATE
-------------------------------------------------------------------------------------------------------------------------
                                     2000            1999           Budget          2000           1999         Budget
-------------------------------------------------------------------------------------------------------------------------
<S>                                    <C>              <C>            <C>          <C>            <C>          <C>
Aggregate Processed Material
-------------------------------------------------------------------------------------------------------------------------
   Volume (outside)                     12,699           36,246         35,000        557,749        478,500      643,134
-------------------------------------------------------------------------------------------------------------------------
   Volume (inside)                       5,247           11,421          6,325        130,650        129,551      176,328
-------------------------------------------------------------------------------------------------------------------------
Total Volume                            17,946           47,667         41,325        688,399        608,051      819,462
-------------------------------------------------------------------------------------------------------------------------
   Price/Ton (outside)                    5.91             5.43           6.34           5.24           5.44         6.00
-------------------------------------------------------------------------------------------------------------------------
   Price/Ton (inside)                     5.25             4.86           5.25           5.33           5.19         5.25
-------------------------------------------------------------------------------------------------------------------------
   Cost/Ton                            (22.06)             2.66           3.53           2.51           2.70         3.02
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (outside only)               75,090          196,981        221,865      2,921,014      2,604,520    3,856,339
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (inside only)                27,549           55,477         33,205        696,448        672,994      925,722
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                        498,469          125,704        109,382      1,892,648      1,635,322    2,304,159
-------------------------------------------------------------------------------------------------------------------------

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

-------------------------------------------------------------------------------------------------------------------------
Aggregate Unprocessed Materials (Includes Bank Run, Pond Dirt, Squeegy, Pond Sand, Cyclone
Sand)
-------------------------------------------------------------------------------------------------------------------------
   Volume (outside)                        798              142          4,500          8,976         98,937      125,000
-------------------------------------------------------------------------------------------------------------------------
   Volume (inside)                           -                -              -              -              -            -
-------------------------------------------------------------------------------------------------------------------------
Total Volume                               798              142          4,500          8,976         98,937      125,000
-------------------------------------------------------------------------------------------------------------------------
   Price/Ton (outside)                    1.07             0.75           0.71           1.68           0.73         1.13
-------------------------------------------------------------------------------------------------------------------------
   Price/Ton (inside)                        -                -              -              -              -            -
-------------------------------------------------------------------------------------------------------------------------
   Cost/Ton                               0.19             0.19           0.15           0.22           0.23         0.15
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (outside only)                  854              107          3,195         15,068         72,427      140,821
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (inside only)                                                                    -              -            -
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                            702               80          2,520         13,111         49,433      122,072
-------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                       89
<PAGE>

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
MONROC, INC.
-------------------------------------------------------------------------------------------------------------------------
POINT OF THE MOUNTAIN MONTHLY OPERATING ANALYSIS
-------------------------------------------------------------------------------------------------------------------------
For the Periods Ended December 2000 and 1999
-------------------------------------------------------------------------------------------------------------------------
                                                  MONTH                                      YEAR-TO-DATE
-------------------------------------------------------------------------------------------------------------------------
                                  2000             1999            Budget           2000           1999         Budget
-------------------------------------------------------------------------------------------------------------------------
<S>                                 <C>            <C>             <C>             <C>             <C>          <C>
Aggregates
-------------------------------------------------------------------------------------------------------------------------
   Volume (outside)                  47,984           56,019           66,255     1,366,346        2,436,356  2,000,000
-------------------------------------------------------------------------------------------------------------------------
   Volume (inside)                   14,827           16,200           17,192       300,291          302,730    453,697
-------------------------------------------------------------------------------------------------------------------------
Total Volume                         62,811           72,219           83,447     1,666,537        2,739,086  2,453,697
-------------------------------------------------------------------------------------------------------------------------
   Price/Ton (outside)                 4.38             9.00             5.21          4.57             4.54       5.10
-------------------------------------------------------------------------------------------------------------------------
   Price/Ton (inside)                  5.39             3.61             5.25          5.50             5.69       5.25
-------------------------------------------------------------------------------------------------------------------------
   Cost/Ton                            1.37             3.58             0.68          2.06             1.87       2.08
-------------------------------------------------------------------------------------------------------------------------
   Royalty/Ton                            -                -                -             -                -          -
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (outside only)           209,373          457,699          276,725     5,973,545        5,012,452  8,152,194
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (inside only)             79,952           58,450           90,258     1,650,328        1,723,843  2,381,903
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                     203,594          276,915          318,817     4,336,842        4,517,656  6,390,684
-------------------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------------------
   Inventory Value ($)              332,230          543,745          840,664
-------------------------------------------------------------------------------------------------------------------------
   Volume Produced                   67,675           87,634           73,592     1,678,065        1,242,581  1,949,460
-------------------------------------------------------------------------------------------------------------------------
   Production Cost/Ton                 4.29             2.97             2.50          2.27             4.99       2.30
-------------------------------------------------------------------------------------------------------------------------
   Inventory Change ($)            (91,142)         (70,354)           67,787     (211,513)        (108,059)    296,919
-------------------------------------------------------------------------------------------------------------------------
Asphalt
-------------------------------------------------------------------------------------------------------------------------
   Volume (outside)                                                                       -                -          -
-------------------------------------------------------------------------------------------------------------------------
   Volume (inside)                        -                -                -             -                -          -
-------------------------------------------------------------------------------------------------------------------------
Total Volume                              -                -                -             -                -          -
-------------------------------------------------------------------------------------------------------------------------
   Price/Ton (outside)                    -                -                -             -                -          -
-------------------------------------------------------------------------------------------------------------------------
   Price/Ton (inside)                     -                -                -             -                -          -
-------------------------------------------------------------------------------------------------------------------------
   Cost/Ton                               -                -                -             -                -          -
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (outside only)                                                                 -                -          -
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (inside only)                                                                  -                -          -
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                                                                           -                -          -
-------------------------------------------------------------------------------------------------------------------------
   Backlog of Asphalt                     -                -                -
   (tons)
-------------------------------------------------------------------------------------------------------------------------
Construction
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (Net of                                                                        -                -          -
   Subcontractors)
-------------------------------------------------------------------------------------------------------------------------
   Subcontractors Sales $                                                                 -                -          -
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                                                                           -                -          -
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit %                                                                         -                -          -
-------------------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------------------
Ready Mix
-------------------------------------------------------------------------------------------------------------------------
   Volume                             4,472            2,896            9,970        71,819           69,620    138,560
-------------------------------------------------------------------------------------------------------------------------
   Price/Yard                        $61.23            64.89           $58.43        $58.39            60.62     $56.33
-------------------------------------------------------------------------------------------------------------------------
   Cost/Yard                         $58.71            60.50           $52.80        $53.89            53.05     $51.29
-------------------------------------------------------------------------------------------------------------------------
   Sales $                          273,808          187,931          582,594     4,193,358        4,220,636  7,804,445
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                      11,235           12,728           56,216       323,026          527,031    697,912
-------------------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------------------
Block
-------------------------------------------------------------------------------------------------------------------------
   Volume                                 -                -                -             -                -          -
-------------------------------------------------------------------------------------------------------------------------
   Price/Block                            -                -                -             -                -          -
-------------------------------------------------------------------------------------------------------------------------
   Cost/Block                             -                -                -             -                -          -
-------------------------------------------------------------------------------------------------------------------------
   Sales $                                -                -                -             -                -          -
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                           -                -                -             -                -          -
-------------------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------------------
Transportation & Other
-------------------------------------------------------------------------------------------------------------------------
<PAGE>

<CAPTION>
<S>                                 <C>            <C>             <C>             <C>             <C>          <C>
-------------------------------------------------------------------------------------------------------------------------
   Sales $                                                 -                -             -                -          -
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                                            -                -             -                -          -
-------------------------------------------------------------------------------------------------------------------------
Note:  Price/Ton and Cost/Ton do not include Unprocessed Bank Run, Pond Dirt, Squeegy, Pond Sand, Cyclone Sand
------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                       90
<PAGE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
MONROC, INC.
--------------------------------------------------------------------------------------------------------------------------
POINT OF THE  MOUNTAIN MONTHLY OPERATING ANALYSIS
--------------------------------------------------------------------------------------------------------------------------
For the Periods Ended December 2000 and 1999
--------------------------------------------------------------------------------------------------------------------------
Detail of Processed and Unprocessed Material
--------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------
                                                    MONTH                                     YEAR-TO-DATE
--------------------------------------------------------------------------------------------------------------------------
                                     2000            1999           Budget          2000           1999         Budget
--------------------------------------------------------------------------------------------------------------------------
<S>                                     <C>              <C>            <C>         <C>            <C>          <C>
Aggregate Processed Material
--------------------------------------------------------------------------------------------------------------------------
   Volume (outside)                     47,704           50,402         50,000      1,290,937        833,494    1,500,000
--------------------------------------------------------------------------------------------------------------------------
   Volume (inside)                      14,827           16,200         17,192        300,291        302,730      453,697
--------------------------------------------------------------------------------------------------------------------------
Total Volume                            62,531           66,602         67,192      1,591,228      1,136,224    1,953,697
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (outside)                    4.38             9.00           5.21           4.57           4.64         5.10
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (inside)                     5.39             3.61           5.25           5.50           5.69         5.25
--------------------------------------------------------------------------------------------------------------------------
   Cost/Ton                               1.37             3.58           0.68           2.06           1.87         2.08
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (outside only)              208,869          453,486        260,470      5,904,374      3,870,784    7,652,194
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (inside only)                79,952           56,450         90,258      1,650,328      1,723,843    2,381,903
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                        203,143          273,769        305,000      4,278,867      3,473,396    5,965,685
--------------------------------------------------------------------------------------------------------------------------

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

--------------------------------------------------------------------------------------------------------------------------
Aggregate Unprocessed Materials (Includes Bank Run, Pond Dirt, Squeegy, Pond Sand, Cyclone
Sand)
--------------------------------------------------------------------------------------------------------------------------
   Volume (outside)                        280            5,617         16,255         75,409      1,602,862      500,000
--------------------------------------------------------------------------------------------------------------------------
   Volume (inside)                           -                -              -              -              -            -
--------------------------------------------------------------------------------------------------------------------------
Total Volume                               280            5,617         16,255         75,409      1,602,862      500,000
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (outside)                    1.80             0.75           1.00           0.92           0.71         1.00
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (inside)                        -                -              -              -              -            -
--------------------------------------------------------------------------------------------------------------------------
   Cost/Ton                               0.19             0.19           0.15           0.16           0.06         0.15
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (outside only)                  504            4,213         16,255         69,171      1,141,668      500,000
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (inside only)                                                                    -              -            -
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                            451            3,146         13,817         56,975      1,044,260      425,000
--------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                       91
<PAGE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
MONROC, INC.
--------------------------------------------------------------------------------------------------------------------------
AUDITED PARK CITY HEBER CITY MONTHLY OPERATING ANALYSIS
--------------------------------------------------------------------------------------------------------------------------
For the Periods Ended Dec 1999 and 1998
--------------------------------------------------------------------------------------------------------------------------
Versus 1998 pro-forma
--------------------------------------------------------------------------------------------------------------------------
                                                 MONTH                                      YEAR-TO-DATE
--------------------------------------------------------------------------------------------------------------------------
                                  1999            1998          Forecast         1999          1998         Forecast
--------------------------------------------------------------------------------------------------------------------------
<S>                                <C>                <C>           <C>         <C>            <C>            <C>
Aggregates
--------------------------------------------------------------------------------------------------------------------------
   Volume (outside)                      51              132            260         2,050          1,479          1,965
-------------------------------------------------------------------------------------------------------------------------
   Volume (inside)                                                                      -              -              -
-------------------------------------------------------------------------------------------------------------------------
   Price/Ton (outside)                10.61            13.50          15.00          8.23          15.50          15.57
-------------------------------------------------------------------------------------------------------------------------
   Price/Ton (inside)                     -                -              -             -              -              -
-------------------------------------------------------------------------------------------------------------------------
  Cost/Ton                               -            13.50           2.73             -             26           1.70
-------------------------------------------------------------------------------------------------------------------------
   Royalty/Ton
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (outside only)               541            1,782          3,900        16,864         22,927         30,589
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (inside only)                                                                -              -              -
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                         541                           3,347        16,864         19,153         27,250
-------------------------------------------------------------------------------------------------------------------------
   Inventory Value ($)
-------------------------------------------------------------------------------------------------------------------------
   Volume Produced                                                                      -              -              -
-------------------------------------------------------------------------------------------------------------------------
   Production Cost/Ton
-------------------------------------------------------------------------------------------------------------------------
   Inventory Change ($)                                                                 -         15,031              -
-------------------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------------------
Asphalt
-------------------------------------------------------------------------------------------------------------------------
   Volume (outside)                                                                     -              -              -
-------------------------------------------------------------------------------------------------------------------------
   Volume (inside)                        -                -              -             -              -              -
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (outside)                    -                -              -             -              -              -
-------------------------------------------------------------------------------------------------------------------------
   Price/Ton (inside)                     -                -              -             -              -              -
-------------------------------------------------------------------------------------------------------------------------
   Cost/Ton                               -                -              -             -              -              -
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (outside only)                 -                -              -             -              -              -
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (inside only)                  -                -              -             -              -              -
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                           -                -              -             -              -              -
-------------------------------------------------------------------------------------------------------------------------
   Backlog of Asphalt                     -                -              -
   (tons)
-------------------------------------------------------------------------------------------------------------------------
Construction
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (Net of                                                                      -              -              -
   Subcontractors)
-------------------------------------------------------------------------------------------------------------------------
   Subcontractors Sales $                                                               -              -              -
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                                                                         -              -              -
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit %
-------------------------------------------------------------------------------------------------------------------------
Ready Mix
-------------------------------------------------------------------------------------------------------------------------
   Volume                             7,229            5,393          5,000       108,830         73,594        132,873
-------------------------------------------------------------------------------------------------------------------------
   Price/Yard                        $73.57            77.56         $73.92        $73.10          74.18         $73.85
-------------------------------------------------------------------------------------------------------------------------
   Cost/Yard                         $78.63            64.31         $53.50        $56.31          57.94         $54.51
-------------------------------------------------------------------------------------------------------------------------
   Sales $                          531,829          418,259        369,610     7,955,205      5,459,151      9,812,205
-------------------------------------------------------------------------------------------------------------------------
   Gross Profit                    (36,568)           71,455        102,091     1,826,750      1,195,466      2,569,061
-------------------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------------------
Block
-------------------------------------------------------------------------------------------------------------------------
   Volume                                 -                -              -             -              -              -
--------------------------------------------------------------------------------------------------------------------------
   Price/Block                            -                -              -             -              -              -
-------------------------------------------------------------------------------------------------------------------------
   Cost/Block                             -                -              -             -              -              -
-------------------------------------------------------------------------------------------------------------------------
   Sales $                                -                -              -             -              -              -
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                           -                -              -             -              -              -
-------------------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------------------
Transportation & Other
--------------------------------------------------------------------------------------------------------------------------
   Sales $                                                                              -              -              -
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                                                                         -              -              -
--------------------------------------------------------------------------------------------------------------------------
<PAGE>

<CAPTION>
<S>                                <C>                <C>           <C>         <C>            <C>            <C>
--------------------------------------------------------------------------------------------------------------------------

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

------------------------------------------------------------------------------------------------------------------- ----
Note:  Price/Ton and Cost/Ton do not include Unprocessed Bank Run, Pond Dirt, Squeegy, Pond Sand, Cyclone Sand
------------------------------------------------------------------------------------------------------------------- ----
</TABLE>

                                       92
<PAGE>
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
MONROC, INC.
--------------------------------------------------------------------------------------------------------------------------
AUDITED POINT OF THE MOUNTAIN MONTHLY OPERATING ANALYSIS
--------------------------------------------------------------------------------------------------------------------------
For the Periods Ended Dec 1999 and 1998
--------------------------------------------------------------------------------------------------------------------------
Versus 1998 pro-forma
--------------------------------------------------------------------------------------------------------------------------
                                                 MONTH                                      YEAR-TO-DATE
--------------------------------------------------------------------------------------------------------------------------
                                  1999            1998          Forecast         1999          1998         Forecast
--------------------------------------------------------------------------------------------------------------------------
<S>                                 <C>               <C>           <C>         <C>            <C>            <C>
Aggregates
--------------------------------------------------------------------------------------------------------------------------
   Volume (outside)                  56,019          243,461        233,600     2,436,356      7,392,396      4,104,381
--------------------------------------------------------------------------------------------------------------------------
   Volume (inside)                   15,200           31,460         11,920       302,730        297,987        355,550
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (outside)                 9.00           (6.50)           4.66          4.64           3.88           4.71
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (inside)                  3.61             7.19           5.29          5.69           4.47           5.25
--------------------------------------------------------------------------------------------------------------------------
   Cost/Ton                            3.58            13.42           1.85          1.87           2.40           1.77
--------------------------------------------------------------------------------------------------------------------------
   Royalty/Ton                            -                -              -             -              -              -
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (outside only)           457,599           17,591        433,220     5,012,452      6,932,839      6,800,552
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (inside only)             58,450          226,205         53,000     1,723,843      1,332,741      1,867,830
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                     275,915        (450,436)        337,747     4,517,656      5,063,598      6,137,629
--------------------------------------------------------------------------------------------------------------------------
   Inventory Value ($)              543,745          651,805      1,187,974
--------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------
   Volume Produced                   87,634           67,473         57,520     1,242,581      1,048,443      1,479,622
--------------------------------------------------------------------------------------------------------------------------
   Production Cost/Ton                 2.97                -              -          2.20              -              -
--------------------------------------------------------------------------------------------------------------------------
   Inventory Change ($)            (70,354)           92,206       (22,758)     (108,059)        469,704        536,169
--------------------------------------------------------------------------------------------------------------------------
Asphalt
--------------------------------------------------------------------------------------------------------------------------
   Volume (outside)                                                                     -              -              -
--------------------------------------------------------------------------------------------------------------------------
   Volume (inside)                        -                -              -             -              -              -
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (outside)                    -                -              -             -              -              -
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (inside)                     -                -              -             -              -              -
--------------------------------------------------------------------------------------------------------------------------
   Cost/Ton                               -                -              -             -              -              -
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (outside only)                                                               -              -              -
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (inside only)                                                                -              -              -
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                                                                         -              -              -
--------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------
   Backlog of Asphalt                     -                -              -
   (tons)
--------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------
Construction
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (Net of                                                                      -              -              -
   Subcontractors)
--------------------------------------------------------------------------------------------------------------------------
   Subcontractors Sales $                                                               -              -              -
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                                                                         -              -              -
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit %
--------------------------------------------------------------------------------------------------------------------------
Ready Mix
--------------------------------------------------------------------------------------------------------------------------
   Volume                             2,896            2,807          3,500        69,620         53,978        128,112
--------------------------------------------------------------------------------------------------------------------------
   Price/Yard                        $64.89            58.05         $59.00        $60.62          57.63         $58.90
--------------------------------------------------------------------------------------------------------------------------
   Cost/Yard                         $60.50            73.94         $49.14        $53.05          55.21         $49.40
--------------------------------------------------------------------------------------------------------------------------
   Sales $                          187,931          162,940        206,500     4,220,636      3,110,810      7,545,603
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                      12,728         (44,605)         34,494       527,031        130,578      1,217,083
--------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------
Block
--------------------------------------------------------------------------------------------------------------------------
   Volume                                 -                -              -             -              -              -
--------------------------------------------------------------------------------------------------------------------------
   Price/Block                            -                -              -             -              -              -
--------------------------------------------------------------------------------------------------------------------------
   Cost/Block                             -                -              -             -              -              -
--------------------------------------------------------------------------------------------------------------------------
   Sales $                                -                -              -             -              -              -
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                           -                -              -             -              -              -
--------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------
Transportation & Other
--------------------------------------------------------------------------------------------------------------------------
   Sales $                                                                              -        558,314              -
--------------------------------------------------------------------------------------------------------------------------
<PAGE>

<CAPTION>
<S>                                 <C>               <C>           <C>         <C>            <C>            <C>
   Gross Profit                                                                         -         22,111              -
--------------------------------------------------------------------------------------------------------------------------
Note:  Price/Ton and Cost/Ton do not include Unprocessed Bank Run, Pond Dirt, Squeegy, Pond Sand, Cyclone
Sand
--------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                       93
<PAGE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
MONROC, INC.
--------------------------------------------------------------------------------------------------------------------------
AUDITED BECK STREET MONTHLY OPERATING ANALYSIS
--------------------------------------------------------------------------------------------------------------------------
For the Periods Ended Dec 1999 and 1998
--------------------------------------------------------------------------------------------------------------------------
Versus 1998 pro-forma
--------------------------------------------------------------------------------------------------------------------------
                                                 MONTH                                      YEAR-TO-DATE
--------------------------------------------------------------------------------------------------------------------------
                                  1999            1998          Forecast         1999            1998         Forecast
--------------------------------------------------------------------------------------------------------------------------
<S>                                  <C>              <C>            <C>          <C>               <C>         <C>
Aggregates
--------------------------------------------------------------------------------------------------------------------------
   Volume (outside)                  36,388           18,132         35,000       577,437           560,459     714,888
--------------------------------------------------------------------------------------------------------------------------
   Volume (inside)                   11,421            4,343          5,200       129,551            24,482     143,708
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (outside)                 5.43             9.54           4.08          5.44              5.22        5.42
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (inside)                  4.86             4.75           5.25          5.19              4.75        5.25
--------------------------------------------------------------------------------------------------------------------------
   Cost/Ton                            2.66            19.83           3.04          2.70              5.01        2.83
--------------------------------------------------------------------------------------------------------------------------
   Royalty/Ton                            -                -              -             -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (outside only)           197,087          125,432        125,500     2,676,946         1,279,877   3,392,178
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (inside only)             55,477           20,627         27,300       672,994           116,284     754,467
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                     125,784        (189,592)         45,732     1,684,755           215,802   1,992,172
--------------------------------------------------------------------------------------------------------------------------
   Inventory Value ($)              623,004          363,577        272,005
--------------------------------------------------------------------------------------------------------------------------
   Volume Produced                   81,068           22,161         45,200       633,262           210,978     746,921
--------------------------------------------------------------------------------------------------------------------------
   Production Cost/Ton                 2.18                -              -          2.79                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Inventory Change ($)             141,610           98,537         26,272       259,427           247,287    (91,571)
--------------------------------------------------------------------------------------------------------------------------
Asphalt
--------------------------------------------------------------------------------------------------------------------------
   Volume (outside)                                                                     -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Volume (inside)                        -                -              -             -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (outside)                    -                -              -             -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (inside)                     -                -              -             -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Cost/Ton                               -                -              -             -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (outside only)                                                               -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (inside only)                                                                -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                                                                         -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Backlog of Asphalt                     -                -              -
   (tons)
--------------------------------------------------------------------------------------------------------------------------
Construction
-------------------------------------------------------------------------------------------------------------------------
   Sales $ (Net of                                                                      -                 -           -
   Subcontractors)
--------------------------------------------------------------------------------------------------------------------------
   Subcontractors Sales $                                                               -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                                                                         -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit %
--------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------
Ready Mix
--------------------------------------------------------------------------------------------------------------------------
   Volume                             7,138            6,355          3,500        84,518            87,705      98,588
--------------------------------------------------------------------------------------------------------------------------
   Price/Yard                        $69.13            60.93         $60.00        $65.06             58.46      $60.86
--------------------------------------------------------------------------------------------------------------------------
   Cost/Yard                         $61.13            48.26         $51.22        $56.41             50.31      $52.24
--------------------------------------------------------------------------------------------------------------------------
   Sales $                          493,444          387,185        210,000     5,498,367         5,126,955   6,000,475
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                      57,082           80,506         30,740       731,126           714,335     850,467
--------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------
Block
--------------------------------------------------------------------------------------------------------------------------
   Volume                                 -                -              -             -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Price/Block                            -                -              -             -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Cost/Block                             -                -              -             -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Sales $                                -                -              -             -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                           -                -              -             -                 -           -
--------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------
Transportation & Other
--------------------------------------------------------------------------------------------------------------------------
   Sales $                                -           13,905          3,000        44,115            94,948      42,169
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                                        4,192          1,870        32,450            30,475      24,933
--------------------------------------------------------------------------------------------------------------------------
<PAGE>

<CAPTION>
<S>    <C>
--------------------------------------------------------------------------------------------------------------------------
Note:  Price/Ton and Cost/Ton do not include Unprocessed Bank Run, Pond Dirt, Squeegy, Pond Sand, Cyclone
Sand
--------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                       94
<PAGE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
GEODYNE BECK ROCK PRODUCTS, INC.
--------------------------------------------------------------------------------------------------------------------------
AUDITED MONTHLY OPERATING ANALYSIS
--------------------------------------------------------------------------------------------------------------------------
For the Periods Ended DecEMBER 1999 and 1998
--------------------------------------------------------------------------------------------------------------------------
                                                MONTH                                      YEAR-TO-DATE
--------------------------------------------------------------------------------------------------------------------------
                                  1999            1998          Forecast         1999          1998         Forecast
--------------------------------------------------------------------------------------------------------------------------
<S>                                  <C>              <C>            <C>          <C>            <C>            <C>
Aggregates
--------------------------------------------------------------------------------------------------------------------------
   Volume (outside)                  19,258           38,383         15,000       457,139        475,487        449,145
--------------------------------------------------------------------------------------------------------------------------
   Volume (inside)                   13,813                -         30,000       455,521              -        440,286
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (outside)                 3.77             3.96           4.35          4.16           3.81           4.09
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (inside)                  2.83          #DIV/0!           2.65          2.99        #DIV/0!           2.80
--------------------------------------------------------------------------------------------------------------------------
   Cost/Ton                            2.83             1.22           2.65          2.59           2.25           2.59
--------------------------------------------------------------------------------------------------------------------------
  Royalty/Ton                            -                -              -             -              -              -
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (outside only)            72,657          152,024         65,250     1,547,611      1,962,305      1,744,144
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (inside only)             39,058                -         79,500     1,361,860              -      1,231,216
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                      18,032          105,064         25,650       849,275        843,182        752,091
--------------------------------------------------------------------------------------------------------------------------
   Inventory Value ($)              456,386          551,360        247,869
--------------------------------------------------------------------------------------------------------------------------
   Volume Produced                   79,966           39,910         80,000       680,869        620,396        781,803
--------------------------------------------------------------------------------------------------------------------------
   Production Cost/Ton                 2.30             3.72           2.16          2.40           2.63           2.75
--------------------------------------------------------------------------------------------------------------------------
   Inventory Change ($)             185,268           58,250         92,633      (95,473)        418,131        303,991
--------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------
Asphalt
--------------------------------------------------------------------------------------------------------------------------
   Volume (outside)                   2,024            7,288          1,000        65,723        231,655         89,144
--------------------------------------------------------------------------------------------------------------------------
   Volume (inside)                    1,574                -          4,000       294,711              -        332,185
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (outside)                16.57            14.14          17.00         17.36          15.78          17.57
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (inside)                 11.46          #DIV/0!          10.66         11.32        #DIV/0!          10.91
--------------------------------------------------------------------------------------------------------------------------
   Cost/Ton                           11.46             6.77          10.66         11.36          10.76          10.98
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (outside only)            33,538          103,055         17,000     1,140,991      3,656,535      1,565,974
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (inside only)             18,038                -         42,640     3,337,440              -      3,625,124
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                      10,327           53,696          6,350       384,678      1,163,472        563,844
--------------------------------------------------------------------------------------------------------------------------
   Backlog of Asphalt               175,332          113,148              -
   (tons)
--------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------
Construction
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (Net of                   67,385          135,955        186,160     8,132,860      5,277,227      7,107,811
   Subcontractors)
--------------------------------------------------------------------------------------------------------------------------
   Subcontractors Sales $           162,342           14,117        122,140     4,235,441        455,114      4,888,440
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                      67,033         (18,534)        133,600     3,733,923        848,392      4,121,402
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit %                     29.2%           -12.4%          43.3%         30.2%          14.8%          34.4%
--------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------
Ready Mix
--------------------------------------------------------------------------------------------------------------------------
   Volume
--------------------------------------------------------------------------------------------------------------------------
   Price/Yard
--------------------------------------------------------------------------------------------------------------------------
   Cost/Yard
--------------------------------------------------------------------------------------------------------------------------
   Sales $
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit
--------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------
Block
--------------------------------------------------------------------------------------------------------------------------
   Volume
--------------------------------------------------------------------------------------------------------------------------
   Price/Block
--------------------------------------------------------------------------------------------------------------------------
   Cost/Block
--------------------------------------------------------------------------------------------------------------------------
   Sales $
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit
--------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------
Transportation & Other
--------------------------------------------------------------------------------------------------------------------------
   Sales $                           67,809          190,548         75,000     4,026,918      3,334,595      3,664,310
--------------------------------------------------------------------------------------------------------------------------

<PAGE>

<CAPTION>
<S>                                  <C>              <C>            <C>          <C>            <C>            <C>
   Gross Profit                      23,913           96,537         26,250     1,358,431      1,267,788      1,379,435
--------------------------------------------------------------------------------------------------------------------------
Note:  Price/Ton and Cost/Ton do not include Unprocessed Bank Run
--------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                       95
<PAGE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
MONROC, INC.
--------------------------------------------------------------------------------------------------------------------------
AUDITED BACCHUS #2 MONTHLY OPERATING ANALYSIS
--------------------------------------------------------------------------------------------------------------------------
For the Periods Ended Dec 1999 and 1998
--------------------------------------------------------------------------------------------------------------------------
Versus 1998 pro-forma
--------------------------------------------------------------------------------------------------------------------------
                                                 MONTH                                      YEAR-TO-DATE
--------------------------------------------------------------------------------------------------------------------------
                                  1999            1998          Forecast         1999            1998         Forecast
--------------------------------------------------------------------------------------------------------------------------
<S>                                <C>               <C>            <C>          <C>                <C>       <C>
Aggregates
--------------------------------------------------------------------------------------------------------------------------
   Volume (outside)                                                  12,500         3,726                 -     260,000
--------------------------------------------------------------------------------------------------------------------------
   Volume (inside)                                                    5,600         6,562                 -      36,800
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (outside)                    -                -           5.10          3.39                 -        5.07
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (inside)                     -                -           5.25          5.25                 -        5.25
--------------------------------------------------------------------------------------------------------------------------
   Cost/Ton                               -                -           3.23          2.62                 -        3.24
--------------------------------------------------------------------------------------------------------------------------
   Royalty/Ton                         0.28                -              -          0.28                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (outside only)                                            63,750        12,616                 -   1,317,900
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (inside only)                                             29,400        34,450                 -     193,200
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                       3,386                          34,625        20,074                 -     548,780
--------------------------------------------------------------------------------------------------------------------------
   Inventory Value ($)              325,040          358,376        963,602
--------------------------------------------------------------------------------------------------------------------------
   Volume Produced                                                   38,100        18,581           188,806     397,000
--------------------------------------------------------------------------------------------------------------------------
   Production Cost/Ton                    -                -              -          4.60                 -
--------------------------------------------------------------------------------------------------------------------------
   Inventory Change ($)                   -                -         91,208      (33,336)           358,376     605,226
--------------------------------------------------------------------------------------------------------------------------
Asphalt
--------------------------------------------------------------------------------------------------------------------------
   Volume (outside)                                                                     -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Volume (inside)                        -                -              -             -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (outside)                    -                -              -             -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (inside)                     -                -              -             -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Cost/Ton                               -                -              -             -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (outside only)                                                               -                 -           -
--------------------------------------------------------------------------------------------------------------------------
  Sales $ (inside only)                                                                -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                                                                         -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Backlog of Asphalt                     -                -              -
   (tons)
--------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------
Construction
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (Net of                                                                      -                 -           -
   Subcontractors)
--------------------------------------------------------------------------------------------------------------------------
   Subcontractors Sales $                                                               -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                                                                         -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit %
--------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------
Ready Mix
--------------------------------------------------------------------------------------------------------------------------
   Volume                                                             3,500         5,263                 -      28,020
--------------------------------------------------------------------------------------------------------------------------
   Price/Yard                             -                -          61.00         57.95                         61.20
--------------------------------------------------------------------------------------------------------------------------
   Cost/Yard                              -                -          47.26         61.55                 -       46.36
--------------------------------------------------------------------------------------------------------------------------
   Sales $                                -                         213,500       304,984                 -   1,714,824
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                    (16,987)                          48,100      (18,956)                 -     415,947
--------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------
Block
--------------------------------------------------------------------------------------------------------------------------
   Volume                                 -                -              -             -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Price/Block                            -                -              -             -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Cost/Block                             -                -              -             -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Sales $                                -                -              -             -                 -           -
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                           -                -              -             -                 -           -
--------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------
Transportation & Other
--------------------------------------------------------------------------------------------------------------------------
   Sales $                                                                              -                 -           -
--------------------------------------------------------------------------------------------------------------------------
<PAGE>

<CAPTION>
<S>                                <C>               <C>            <C>          <C>                <C>       <C>
   Gross Profit                                                                         -                 -           -
------------------------------------------------------------------------------------------------------------ -----------
Note:  Price/Ton and Cost/Ton do not include Unprocessed Bank Run, Pond Dirt, Squeegy, Pond Sand, Cyclone
Sand
--------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                       96
<PAGE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
VALLEY ASPHALT, INC.
--------------------------------------------------------------------------------------------------------------------------
AUDITED LELAND MONTHLY OPERATING ANALYSIS
--------------------------------------------------------------------------------------------------------------------------
For the Periods Ended Dec 1999 and 1998
--------------------------------------------------------------------------------------------------------------------------
Versus 1998 pro-forma
--------------------------------------------------------------------------------------------------------------------------
                                                 MONTH                                      YEAR-TO-DATE
--------------------------------------------------------------------------------------------------------------------------
                                  1999            1998          Forecast         1999          1998         Forecast
--------------------------------------------------------------------------------------------------------------------------
<S>                               <C>              <C>            <C>            <C>           <C>            <C>
Aggregates
--------------------------------------------------------------------------------------------------------------------------
   Volume (outside)                   2,599           12,952          1,000        73,892         66,188         67,106
--------------------------------------------------------------------------------------------------------------------------
   Volume (inside)                   10,619            2,524          6,000       521,717        484,423        478,321
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (outside)                 7.62             4.06           4.18          4.52           4.93           3.81
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (inside)                  5.89             4.02           4.18          4.54           4.38           4.39
--------------------------------------------------------------------------------------------------------------------------
   Cost/Ton                            5.89          (16.98)           3.96          4.45           3.86           4.12
--------------------------------------------------------------------------------------------------------------------------
   Royalty/Ton                           $-                -             $-             -             $-             $-
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (outside only)            18,339           52,256          3,586       334,339        316,229        268,332
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (inside only)             62,568            2,334         25,078     2,314,366      2,060,553      2,045,345
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                       4,020          268,927          1,842        42,676        311,719        103,027
--------------------------------------------------------------------------------------------------------------------------
   Inventory Value ($)            1,580,180        1,091,843      1,002,757
--------------------------------------------------------------------------------------------------------------------------
   Volume Produced                        -           11,128         68,588       219,220        427,472        237,717
--------------------------------------------------------------------------------------------------------------------------
   Production Cost/Ton                 5.90             7.92           5.90          5.90           7.92           5.90
--------------------------------------------------------------------------------------------------------------------------
   Inventory Change ($)              26,737          250,816        254,861       297,252        564,606
--------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------
Asphalt
--------------------------------------------------------------------------------------------------------------------------
   Volume (outside)                   1,337              663            500        24,466         30,842         36,341
--------------------------------------------------------------------------------------------------------------------------
   Volume (inside)                    1,988            7,323          4,217       334,745        324,870        336,865
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (outside)                25.01            24.81          24.94         26.60          24.89          26.16
--------------------------------------------------------------------------------------------------------------------------
   Price/Ton (inside)                 12.65            14.36          12.65         13.13          12.38          13.25
--------------------------------------------------------------------------------------------------------------------------
   Cost/Ton                           12.65            17.38          12.65         13.15          12.67          13.24
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (outside only)            33,445           16,446         12,470       650,786        767,593        689,106
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (inside only)             25,140          105,188         53,345     4,396,340      4,022,956      4,463,904
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                      16,527         (17,142)          6,145       323,793        282,511        344,673
--------------------------------------------------------------------------------------------------------------------------
   Backlog of Asphalt               178,942          123,400         68,537
   (tons)
--------------------------------------------------------------------------------------------------------------------------
Construction
--------------------------------------------------------------------------------------------------------------------------
   Sales $ (Net of                   79,804          713,440        140,581    11,844,014    -11,756,645     11,755,297
   Subcontractors)
--------------------------------------------------------------------------------------------------------------------------
   Subcontractors Sales $            85,612           10,099              -     2,629,921        684,615      1,211,699
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                      47,054         (68,917)         37,062     3,639,263      2,617,745      3,438,200
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit %                     28.4%            -9.5%          26.4%         25.1%          21.0%          26.5%
--------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------
Ready Mix
--------------------------------------------------------------------------------------------------------------------------
   Volume                             4,978            6,191          3,000       102,731         83,266         90,759
--------------------------------------------------------------------------------------------------------------------------
   Price/Yard                        $57.93           $63.16          61.00        $60.64         $59.63          60.27
--------------------------------------------------------------------------------------------------------------------------
   Cost/Yard                         $50.72           $43.81          47.50        $46,18         $46.71          46.56
-------------------------------------------------------------------------------------------------------------------------
   Sales $                          288,385          391,029        183,000     6,229,509      4,964,944      5,470,078
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                      35,919          119,809         40,500     1,485,055      1,075,978      1,244,019
--------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------
Block
--------------------------------------------------------------------------------------------------------------------------
   Volume                                 -                -              -             -              -              -
--------------------------------------------------------------------------------------------------------------------------
   Price/Block                      #DIV/0!          #DIV/0!        #DIV/0!       #DIV/0!        #DIV/0!        #DIV/0!
--------------------------------------------------------------------------------------------------------------------------
   Cost/Block                       #DIV/0!          #DIV/0!        #DIV/0!       #DIV/0!        #DIV/0!        #DIV/0!
--------------------------------------------------------------------------------------------------------------------------
   Sales $                                -                -              -             -              -              -
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                           -                -              -             -              -              -
--------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------
Transportation & Other
--------------------------------------------------------------------------------------------------------------------------
   Sales $                                -                -              -             -              -              -
--------------------------------------------------------------------------------------------------------------------------
   Gross Profit                           -                -              -             -              -              -
<PAGE>

<CAPTION>
<S>    <C>
----------------------------------------------------------------------------------------------------------------------------
Note:  Price/Ton and Cost/Ton do not include Unprocessed Bank Run, Pond Dirt, Squeegy, Pond Sand, Cyclone
Sand
------------------------------------------------------------------------------------------------------------ -----------
</TABLE>

                                       97
<PAGE>

                         SCHEDULE 4.3.2 CERTAIN CHANGES

The information  provided on SCHEDULES 1.2 and 4.3.3 are incorporated  herein by
reference.

                                       98
<PAGE>

                            SCHEDULE 4.3.3 TRANSFERS

Those Excluded Assets listed on Schedule 1.2.
                                ------------

SITE 32- 1730 N. BECK STREET

Portable scale

                                       99
<PAGE>

                            SCHEDULE 4.5.1 LITIGATION

None of the claims below will be assumed by Buyer:

SITE 26- 1616 NORTH BECK STREET (HOT PLANT)

NONE

SITE 25 (FALCON RIDGE QUARRY)

See attached list of worker's compensation claims.

SITE 30- BACCHUS PIT NO. 2

See attached list of worker's compensation claims.

SITE 32- 1730 NORTH BECK STREET

Hall Excavating v. Tri-State Testing Laboratories, Inc.
-------------------------------------------------------

This matter  involves the alleged failure to perform  compaction  tests. To date
there has been no action filed nor have we had an  opportunity  to determine the
factual and legal issues involved.  The claim is for $100,000 +. This claim does
not involve any property  dispute or  otherwise  involve the  Operations  or the
Acquired Assets and will not be assumed by Buyer.

SITE 38- HEBER

See attached list of worker's compensation claims.

SITE 44- PARK CITY

See attached list of worker's compensation claims.

SITE 47- POINT OF THE MOUNTAIN

See attached list of worker's compensation claims.

SITE 90- LEHI

See attached list of worker's compensation claims.

SITE 91 -LELAND YARD

1.  Alleged  wrongful  termination  claim,  negligent  infliction  of  emotional
distress  and  violation  of the ADA by * against  Valley  Asphalt  and  Western
Aggregates.  This claim  does not  involve  any  property  dispute or  otherwise
involve the Operations or the Acquired Assets and will not be assumed by Buyer.

-----------------
* Omissions denoted by the asterisk are confidential  materials separately filed
with  the  Securities  and  Exchange  Commission  under a  pending  Confidential
Treatment  Request.

                                      100
<PAGE>

2.  An investigation was commenced by the Attorney General of Utah into possible
antitrust  violations by Western Rock Products Corp., an indirect  subsidiary of
U.S.  Aggregates,  Inc. A number of employees and customers have been questioned
under  oath.  Antitrust  counsel  for  U.S.   Aggregates,   Inc.  have  actively
interviewed  management and most of those  questioned by the Attorney  General's
office.  There is no evidence of any such  misconduct,  and counsel  believes no
basis exists for the charges.

3.  See attached description regarding the investigation conducted in connection
with Valley Asphalt's disposal of insulation containing asbestos.

4.  See attached list of worker's compensation claims.

SITE   177 TOOELE

NONE

                                      101

<PAGE>

Worker's Compensation Claims Open

* - Medical Only, claim will close 180 days from 1/8/01.

Falcon Ridge Quarry

* - Off-duty, currently paying worker's comp.

Geodyne Yard

-----------------
* Omissions denoted by the asterisk are confidential  materials separately filed
with  the  Securities  and  Exchange  Commission  under a  pending  Confidential
Treatment  Request.

                                      102
<PAGE>

VALLEY ASPHALT, INC.
RP11000 - HR ACCIDENT RVW 4/99
                                                 WORKERS COMP CLAIMS REVIEW
<TABLE>
<CAPTION>
                                                                                                                     DAYS
ACCOUNT #                                                                                                            LOST
DATE                NAME                                                                                             DAYS
OHSA RPT            OCCUPATION             DEPT        INJURY                WHAT HAPPENED                           RESTRICTED
<S>                 <C>                    <C>         <C>                   <C>                                     <C>
0002                *                      501012      L ANKLE SPRAIN        DESCENDING STAIRWAY                     0
01/26/00            EQUIP OPERATOR                                           MIS STEPPED WHILE DESCENDING STAIRWAY   0
N

0020                *                      501013      NECK STRAIN/PAIN      HE WAS WB DOWN PROVO CANYON AND THE     0
06/16/00            DRIVER                                                   ONCOMING TRUCK WAS EB WHEN IT CROSSED   0
N                                                                            LINE SIDE SWIPED BY AN ONCOMING TRUCK

0001                *                      501018      CORNEAL ABRASION R    WAS USING A ROCK BREAKER ATTACHED TO    4
01/24/00            EQUIP OPERATOR                     EYE                   TRACK HOE, FLYING ROCK STRUCK HIS R     0
Y                                                                            EYE FAILED TO WEAR SAFETY GLASSES
                                                                             WHILE BREAKING ROCK WITH ROCK BREAKER

0023                *                      501022      LACERATION TO LEFT    BOTH EMPLOYEES WERE TRYING  TO          0
11/21/00            EQUIPMENT OPERATOR                 HAND                  UNSTICK WATER VALVE COVER CO-EMPLOYEE   0
Y                                                                            WAS PRYING WITH KNIFE CO-EMPLOYEE WAS
                                                                             IMPROPERLY USING POCKET KNIFE AND CUT
                                                                             HIS HAND

0016                *                      501122      RT FOOT CONTUSION     PAVER WAS BEING POSITIONED PRIOR TO     0
08/25/00            PLANT MANAGER                                            NEXT RUN VICTIM WAS STANDING TALKING    0
Y                                                                            TO LABORER PAVER OPERATOR FAILED TO
                                                                             SEE VICTIM AS PAVER WAS BEING MOVED
                                                                             PAVER HIT VICTIM

0022                *                      502210      NECK STRAIN           SHE WAS STOPPED AT A LIGHT WAITING      2
10/24/00            CLERCK IN DRAPER                                         FOR IT TO CHANGE WHEN SHE WAS STRUCK    0
Y                                                                            FROM BEHIND REAR-ENDED IN COMPANY
                                                                             VEHICLE BY 3RD PARTY

0007                *                      501213      CONTUSION TO R        WAS LOADING BERRIOR ONTO TRUCK WHEN     0
04/13/00            TRUCK DRIVER                       FIINGERS 3, 4, 5      PIN SLIPPED CRUSHING HAND               0
N                                                                            HAND CRUSHED BY PIN OF A JERSEY
                                                                             BERRERIOR

0010                *                      501213      RIGHT ELBOW, NECK     SHE WAS LOWERING HER TRUCK BED WHEN     0
05/04/00            TRUCK DRIVER                       JARRING/CONTUSION     THE RAM FAILED CAUSING A SEVER JOLT     0
N                                                                            TO TRUCK BED RAM FAILED

0011                *                      501213      BRUISED BOTH LOWER    DRIVER WAS BETWEEN GATES CLEANING       37
05/16/00            TRUCK DRIVER                       LEGS                  TRAILER BED                             19
Y

                                                                             BELLY DUMP GATES CLOSED INADVERTANTLY
                                                                             SAFETY CHAIN FAILED
</TABLE>

-----------------
* Omissions denoted by the asterisk are confidential  materials separately filed
with  the  Securities  and  Exchange  Commission  under a  pending  Confidential
Treatment  Request.

                                      103
<PAGE>

VALLEY ASPHALT, INC.
RP11000 - HR ACCIDENT RVW 4/99
                                                 WORKERS COMP CLAIMS REVIEW
<TABLE>
<CAPTION>
                                                                                                                     DAYS
ACCOUNT #                                                                                                            LOST
DATE                NAME                                                                                             DAYS
OHSA RPT            OCCUPATION             DEPT        INJURY                WHAT HAPPENED                           RESTRICTED
<S>                 <C>                    <C>         <C>                   <C>                                     <C>
0018                *                      501213      BRUISED HEAD AND RT   SHE WAS PULLING ONTO HWY                0
10/04/00            TRUCK DRIVER                       HAND                                                          0
N

                                                                             PULLED OUT IN FRONT OF AN ONCOMING
                                                                             TRUCK

0019                *                      501213      BRUISED HEAD, NECK    HE WAS TRAVELING EB ON HWY 189          0
10/04/00            DRIVER                             AND LEGS                                                      0
N

                                                                             VAI TRUCK PULLED OUT IN FRONT OF HIM

0003                *                      501214      REINJURY; LOWER       AFTER CLEANING CHUTES WAS PUTTING       0
01/03/00            MIXER DRIVER                       BACK STRAIN           THEM BACK ON TRUCK WHEN SLIPPED ON      0
N                                                                            ICE SLIPPED ON ICE

0005                *                      501215      PUNCTURE WOUND,       WAS USING AN AIR CHISLE TO REMOVE A     0
03/28/00            MECHANIC                           METAL FRAGMENT LEFT   BEARING WHEN THE BEARING FRAGMENTED     0
Y                                                                            BEARING FRAGMENTED WHILE BEING REMOVED

0008                *                      501215      EXPOSED TO            WAS USING AN ASBESTOS HANDLING 2 YRS    0
04/18/00            SERVICE MECHANIC                   INSULATION            AGO EXPOSURE TO ASBESTOS                0
N                                                      CONTAINING ASBESTOS

0014                *                      501215      LT SIDE HERNIA        REPLACING A RAM ON OIL DISTRIBUTOR      26
07/11/00            MECHANIC                                                                                         0
Y

                                                                             LIFTING AND PUSHING TO ALIGN RAM

0025                *                      501215                            LIFTING HEAVY OBJECT IN SHOP            0
08/03/00            WELDER                                                                                           0
N

                                                                             IMPROPER LIFTING

0015                *                      501215      FOREHEAD LACERATION   WAS REWINDING HOSE ONTO AUTOMATIC       0
08/24/00            SERVICE MECHANIC                                         REWIND REEL.                            0
Y

                                                                             AIR HOSE FLIPPED OUT OF HAND

0021                *                      501215      RT HAND CONTUSION     WAS ATTEMPTING TO LATCH DOOR            0
10/25/00            SERVICE FOREMAN                                                                                  0
Y

                                                                             HAND PINCHED BY STORAGE DOOR LATCH
                                                                             HAND SLIPPED OFF OF LATCH

0024                *.                     501215      RIGHT HERNIA          REPEATED HEAVY LIFTING OF TIRES         0
12/14/00            SERVICE MECHANIC                                                                                 0
Y

                                                                             LIFTING TIRES

0004                *                      501217      MILD SPRAIN LEFT      WAS WATCHING PIPE BIENG THREADED WHEN   0
02/17/00            LABORER                            WRIST                 HIS COAST WAS CAUGHT BY THE TURNING     0
N                                                                            PIPE STANDING TOO CLOSE TO A PIP THAT
                                                                             WAS BEING THREADED

0009                *                      501217      BRUISE ON BACK OF     LIFTED EDGE OF CONCRETE CHUNK WITH      0
04/26/00            LABORER                            HEAD                  SHOVEL CONCRETE FELL ON SHOVEL          0
N                                                                            CAUSING SHOVEL TO FLIP UP AND HIT HIM
                                                                             IN BACK OF HEAD
</TABLE>

-----------------
* Omissions denoted by the asterisk are confidential  materials separately filed
with  the  Securities  and  Exchange  Commission  under a  pending  Confidential
Treatment  Request.

                                      104
<PAGE>

VALLEY ASPHALT, INC.
RP11000 - HR ACCIDENT RVW 4/99
                                                 WORKERS COMP CLAIMS REVIEW
<TABLE>
<CAPTION>
                                                                                                                     DAYS
ACCOUNT #                                                                                                            LOST
DATE                NAME                                                                                             DAYS
OHSA RPT            OCCUPATION             DEPT        INJURY                WHAT HAPPENED                           RESTRICTED
<S>                 <C>                    <C>         <C>                   <C>                                     <C>
0012                *                      501217      RT SHOULDER           AS A FLAGGER SHE HAD TRAFFIC STOPPED    11
06/15/00            FLAGGER                            CONTUSION             WHEN A CAR RAN HER STOP SIGN STRIKING   1
Y                                                                            HER WITH MIRROR STRUCK BY PASSING CAR

0013                *                      501217      BRUISED RT KNEE       HE WAS NB CROSSING INTERSECTION WITH    0
07/10/00            LABORER                                                  LIGHT WHEN CFI TRUCK RAN LIGHT AND      0
N                                                                            STRUCK VAI VAI VEHICLE STRUCK BY CFI
                                                                             TRUCK

0017                *                      501222      LOWER BACK            CLEANING UP ASPHALT PIECES AND LIFTED   0
08/29/00            EQUIP OPERATOR                                           A LARGE PIECE INTO A LOADER BUCKET      0
N                                                                            LIFTED A HEAVY PIECE OF ASPHALT

0006                *                      501312      LEFT FOOT STRAIN      WHILE CLIMBING A LADDER HEAD FOOT POP   0
04/05/00            CRUSHER OPERATOR                                         AND FELT PAIN STEPPED WRONG WHILE       0
N                                                                            CLIMBING A LADDER
</TABLE>

-----------------
* Omissions denoted by the asterisk are confidential  materials separately filed
with  the  Securities  and  Exchange  Commission  under a  pending  Confidential
Treatment  Request.

                                      105
<PAGE>

                                  MONROC, INC.
                       OSHA 200 INJURY AND ILLNESS REPORT
                             THRU DECEMBER 31, 2000

                                     NSL RMC
                                1730 BECK STREET
                           SALT LAKE CITY, UTAH 84110

<TABLE>
<CAPTION>
                                 INJURIES                                   ILLNESSES
------------------------------------------------------------------------------------------------------------------------------------

                                         Fatalities                                         Fatalities
            Date                            Date   Away  Away                    Occupational Date           Away
   Case      of      Employee  Job    Home/  of     or    from  Days  Days   W/out Illness    of    Away/   from Days   Day   W/out
  Number    Inj/Ill   Name     ID    Unit   Death  Restr Work  Away  Restr  Loss   (7)      Death   Restr   Work Away   Restr  Loss
   (A)       (B)      (C)      (D)    (E)    (1)   (2)   (3)   (4)    (5)   (6)   (a-g)      (8)     (9)    (10) (11)   (12)   (13)
------------------------------------------------------------------------------------------------------------------------------------
<S>          <C>       <C>    <C>     <C>     <C>  <C>    <C>   <C>  <C>     <C>   <C>       <C>     <C>    <C>   <C>    <C>   <C>
  NSL-1      1-30      *      RMC     RMC     0    |X|    0     0    10 (F)  0      0        0       0      0     0      0     0
                              Driver
------------------------------------------------------------------------------------------------------------------------------------
  NSL-2      4-1       *      RMC    NSL      0     0     0     0      0    |X|
                              Batch  Btchman                          (F)
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

1.     NSL-1:   Sprained Lower Back - Slipped on ice

2.     NSL-2:   Right Shoulder  Muscle  Strain - Employee  was  shoveling  rock;
                overexertion

Certification  of Annual  Summary  Totals  by:  Russ  Ellis  Title:  Safety  and
Environmental Director Date: January 5, 2001

-----------------
* Omissions denoted by the asterisk are confidential  materials separately filed
with  the  Securities  and  Exchange  Commission  under a  pending  Confidential
Treatment  Request.

                                      106
<PAGE>

                                  MONROC, INC.
                       OSHA 200 INJURY AND ILLNESS REPORT
                             THRU DECEMBER 31, 2000

                              POINT OF MOUNTAIN RMC
                                 15589 S. 500 W.
                                DRAPER, UT 81020

<TABLE>
<CAPTION>
                                 INJURIES                                   ILLNESSES
------------------------------------------------------------------------------------------------------------------------------------

                                         Fatalities                                         Fatalities
            Date                            Date   Away  Away                    Occupational Date            Away
Case        of      Employee  Job    Home/  of     or    from  Days  Days   W/out Illness     of      Away/   from Days Day  W/out
  Number    Inj/Ill   Name     ID    Unit   Death  Restr Work  Away  Restr  Loss   (7)       Death   Restr   Work Away  Restr  Loss
   (A)       (B)      (C)      (D)    (E)    (1)   (2)   (3)   (4)    (5)   (6)   (a-g)      (8)     (9)    (10) (11)   (12)   (13)
------------------------------------------------------------------------------------------------------------------------------------
<S>          <C>       <C>    <C>     <C>     <C>  <C>    <C>   <C>  <C>     <C>   <C>       <C>     <C>    <C>   <C>    <C>   <C>
   0         0         0      0       0       0    0      0     0    0       0     0         0       0      0     0      0     0
-------- ----- --------- ----- -------- ------ ----- ---- ----- ---- ---- --------- ------- ------- ---- ---- --- ----  ----  -----
</TABLE>

Certification of Annual Summary Totals by:  Russ Ellis
Title: Safety and Environmental Director
Date: January 5, 2001

                                      107
<PAGE>

                                  MONROC, INC.
                       OSHA 200 INJURY AND ILLNESS REPORT
                             THRU DECEMBER 31, 2000

                                  PARK CITY RMC
                                  4122 ATKINSON
                               PARK CITY, UT 84060

<TABLE>
<CAPTION>
                                 INJURIES                                   ILLNESSES
------------------------------------------------------------------------------------------------------------------------------------

                                         Fatalities                                        Fatalities
            Date                            Date   Away  Away                   Occupational  Date            Away
Case        of      Employee  Job    Home/  of     or    from  Days  Days   W/ou Illness     of      Away/   from Days  Day   W/out
  Number    Inj/Ill   Name     ID    Unit   Death  Restr Work  Away  Restr  Loss   (7)       Death   Restr   Work Away  Restr  Loss
   (A)       (B)      (C)      (D)    (E)    (1)   (2)   (3)   (4)    (5)   (6)   (a-g)      (8)     (9)    (10) (11)   (12)   (13)
------------------------------------------------------------------------------------------------------------------------------------
<S>          <C>       <C>    <C>     <C>     <C>  <C>    <C>   <C>  <C>     <C>   <C>       <C>     <C>    <C>   <C>    <C>   <C>
 PC-1        1-27      *      RMC     RMC     0    |X|     0     0    8      0     0         0       0      0     0      0     0
                              Driver                                 (F)
------------------------------------------------------------------------------------------------------------------------------------
 PC-1        5-26      *      RMC     RMC     0    |X|    |X|    16  14      0     0         0       0      0     0      0     0
                              Driver                                 (F)
------------------------------------------------------------------------------------------------------------------------------------
 PC-3         6-6       *      RMC     RMC     0     0      0     0    0     0     0         0       0      0     0      0     0
Denied                        Driver                                 (F)
------------------------------------------------------------------------------------------------------------------------------------
 PC-4        9-27      *      RMC     RMC     0    |X|    |X|    9   37      0     0         0       0      0     0      0     0
                              Driver                                 (F)
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
                                              0     3      2     25  59      0     0         0       0      0     0      0     0
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

1.   PC-1: Sprained lower back while putting chutes back onto truck 2.

2.   PC-2: Employee sustained a crushed/broken 4th Metacarpal finger while
     cleaning his chutes. His finger was caught in one of the chutes. 1st lost
     day started on May 31, 2000. Return to light duty on June 22, 2000. Return
     to full duty on 6/12/00.

3.   PC-3: Employee sustained a amputated right hand ring finger when he jumped
     from the fender of his ready mix truck. As he jumped, the ring on his
     finger caught up on a eye bolt and sheared his finger off. Positive for
     cocaine. Denied by WC.

4.   PC-4: Employee sustained a strained rotator cuff when she was trying to
     remove the first chute off of the fold down chute.

Employee started restrictive duty an 9/28/00. Started Lost Time on 11/20/00 -
     Surgery. Released back to Light Duty on 12/4/00. Took a leave of absence on
     12/14/00

Certification of Annual Summary Totals by:  Russ Ellis
Title: Safety and Environmental Director
Date:  January 5, 2001

-----------------
*    Omissions denoted by the asterisk are confidential materials separately
     filed with the Securities and Exchange Commission under a pending
     Confidential Treatment Request.

                                      108
<PAGE>

                                  MONROC, INC.
                       OSHA 200 INJURY AND ILLNESS REPORT
                             THRU DECEMBER 31, 2000

                                    HEBER RMC
                                150 S. 16TH WEST
                                 HEBER, UT 84032

<TABLE>
<CAPTION>
                                 INJURIES                                   ILLNESSES
------------------------------------------------------------------------------------------------------------------------------------

                                         Fatalities                                        Fatalities
            Date                            Date   Away  Away                   Occupational  Date            Away
Case        of      Employee  Job    Home/  of     or    from  Days  Days   W/out Illness     of    Away/   from Days   Day   W/out
  Number    Inj/Ill   Name     ID    Unit   Death  Restr Work  Away  Restr  Loss   (7)      Death   Restr   Work Away   Restr  Loss
   (A)       (B)      (C)      (D)    (E)    (1)   (2)   (3)   (4)    (5)   (6)   (a-g)      (8)     (9)    (10) (11)   (12)   (13)
------------------------------------------------------------------------------------------------------------------------------------
<S>          <C>       <C>    <C>     <C>     <C>  <C>    <C>   <C>  <C>     <C>   <C>       <C>     <C>    <C>   <C>    <C>   <C>
   0         0         0      0       0       0    0      0     0    0       0     0         0       0      0     0      0     0
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Certification of Annual Summary Totals by:  Russ Ellis
Title:  Safety and Environmental Director
Date: January 5, 2001

                                      109
<PAGE>

                                  MONROC, INC.
                       OSHA 200 INJURY AND ILLNESS REPORT
                             THRU DECEMBER 31, 2000

                                 BACCHUS II RMC
                               6400 S. HIGHWAY 111
                                 MAGNA, UT 84404

<TABLE>
<CAPTION>
                                 INJURIES                                   ILLNESSES
------------------------------------------------------------------------------------------------------------------------------------

                                         Fatalities                                        Fatalities
            Date                            Date   Away  Away                    Occupational Date            Away
Case        of      Employee  Job    Home/  of     or    from  Days  Days   W/out Illness     of      Away/  from Days  Day   W/out
  Number    Inj/Ill   Name     ID    Unit   Death  Restr Work  Away  Restr  Loss   (7)      Death   Restr   Work Away   Restr  Loss
   (A)       (B)      (C)      (D)    (E)    (1)   (2)   (3)   (4)    (5)   (6)   (a-g)      (8)     (9)    (10) (11)   (12)   (13)
------------------------------------------------------------------------------------------------------------------------------------
<S>          <C>       <C>    <C>     <C>     <C>  <C>    <C>   <C>  <C>     <C>   <C>       <C>     <C>    <C>   <C>    <C>   <C>
 Bac-1       5-19      *      RMC     RMC     0    |X|    0     0    2       0     0         0       0      0     0      0     0
                              Driver                                (F)
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
                                              0     1     0     0    2       0     0         0       0      0     0      0     0
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

1.   Bac-1: Employee sustained a neck muscle strain when he slipped off the fuel
     tank step of his ready mix truck.

Certification of Annual Summary Totals by:  Russ Ellis
Title:  Safety and Environmental Director
Date: January 5, 2001

-----------------
*    Omissions denoted by the asterisk are confidential materials separately
     filed with the Securities and Exchange Commission under a pending
     Confidential Treatment Request.

                                      110
<PAGE>

                                  MONROC, INC.
                       OSHA 200 INJURY AND ILLNESS REPORT
                             THRU DECEMBER 31, 2000

                                    NSL AGG.
                                1730 BECK STREET
                           SALT LAKE CITY, UTAH 84110

<TABLE>
<CAPTION>
                                 INJURIES                                   ILLNESSES
------------------------------------------------------------------------------------------------------------------------------------

                                         Fatalities                                        Fatalities
            Date                            Date   Away  Away                    Occupational Date            Away
   Case      of      Employee  Job    Home/  of     or    from  Days  Days   W/ou Illness    of      Away/   from Days  Day   W/out
  Number    Inj/Ill   Name     ID    Unit   Death  Restr Work  Away  Restr  Loss   (7)      Death   Restr   Work Away   Restr  Loss
   (A)       (B)      (C)      (D)    (E)    (1)   (2)   (3)   (4)    (5)   (6)   (a-g)      (8)     (9)    (10) (11)   (12)   (13)
------------------------------------------------------------------------------------------------------------------------------------
<S>          <C>       <C>    <C>     <C>     <C>  <C>    <C>   <C>  <C>     <C>   <C>       <C>     <C>    <C>    <C>   <C>   <C>
 NSL-1      11-27      *      Welder  NSL     0    |X|    0     0    5        0    0         0       0      0      0     0     0
                                      AGG                                    (F)
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
                                              0     1     0     0    3        0    0         0       0      0      0     0     0
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Certification of Annual Summary Totals by:  Russ Ellis
Title:  Safety and Environmental Director
Date: January 5, 2001

1.   NSL-1: Employee sustained right ankle sprain. After dismounting back hoe,
     he started to walking forward. The ground was uneven and as he went to walk
     forward, his ankle gave way on the uneven surface. Started restrictive duty
     on 11/27/00. Went on a voluntary layoff on December 4, 2000.

-----------------
*    Omissions denoted by the asterisk are confidential materials separately
     filed with the Securities and Exchange Commission under a pending
     Confidential Treatment Request.

                                      111
<PAGE>

                                  MONROC, INC.
                       OSHA 200 INJURY AND ILLNESS REPORT
                             THRU DECEMBER 31, 2000

                             POINT OF MOUNTAIN AGG.
                                 15589 S. 500 W.
                                DRAPER, UT 81020

<TABLE>
<CAPTION>
                                 INJURIES                                   ILLNESSES
------------------------------------------------------------------------------------------------------------------------------------

                                         Fatalities                                        Fatalities
            Date                            Date   Away  Away                    Occupational Date            Away
   Case      of      Employee  Job    Home/  of     or    from  Days  Days  W/out Illness    of      Away/   from Days  Day    W/out
  Number    Inj/Ill   Name     ID    Unit   Death  Restr Work  Away  Restr  Loss   (7)      Death   Restr   Work Away   Restr  Loss
   (A)       (B)      (C)      (D)    (E)    (1)   (2)   (3)   (4)    (5)   (6)   (a-g)      (8)     (9)    (10) (11)   (12)   (13)
------------------------------------------------------------------------------------------------------------------------------------
<S>          <C>       <C>    <C>     <C>     <C>  <C>    <C>   <C>  <C>     <C>   <C>       <C>     <C>    <C>    <C>   <C>   <C>
 PM-1        1-14      *      Loader  Plant   0    |X|    0     0     55           0         0       0      0      0     0     0
                              Op.     Yard                           (F)
------------------------------------------------------------------------------------------------------------------------------------
 PM-2        5-20      *      Forman  Agg.    0    |X|    0     0      9     0     0         0       0      0      0     0     0
                                      Plant                          (F)
------------------------------------------------------------------------------------------------------------------------------------
 PM-3        7-27      *      Dozer   Agg.    0    |X|    0     0     13     0     0         0       0      0      0     0     0
                               Op.     Plant                          (F)
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
                                              0     3     0     0     77     0     0         0       0      0      0     0     0
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

1.   PM-1: Lower Back Strain - Loading Cuffing Edges into bucket of loader

2.   PM-2: Tricep tendon strain - Employee injured right elbow while changing
     screen cloth on screening machine.

3.   PM-3: Employee sprained left knee while dismounting dozer. Started
     restrictive duty on 7/27/00. Vacation on August 11-20. Back to full duty on
     8-23-00

Certification of Annual Summary Totals by:  Russ Ellis
Title:  Safety and Environmental Director
Date: January 5, 2001

-----------------
*    Omissions denoted by the asterisk are confidential materials separately
     filed with the Securities and Exchange Commission under a pending
     Confidential Treatment Request.

                                      112
<PAGE>

                                  MONROC, INC.
                       OSHA 20D INJURY AND ILLNESS REPORT
                             THRU DECEMBER 31, 2000

                                 BACCHUS I - AGG
                               5436 S. HIGHWAY III
                                 MAGNA, UT 84404

<TABLE>
<CAPTION>
                                 INJURIES                                   ILLNESSES
----------------------------------------------------------------------------------------------------------------------------------

                                       Fatalities                                        Fatalities
          Date                            Date   Away  Away                    Occupational Date            Away
   Case    of      Employee  Job    Home/  of     or    from  Days  Days  W/out Illness    of      Away/   from Days  Day    W/out
  Number  Inj/Ill   Name     ID    Unit   Death  Restr Work  Away  Restr  Loss   (7)      Death   Restr   Work Away   Restr  Loss
   (A)     (B)      (C)      (D)    (E)    (1)   (2)   (3)   (4)    (5)   (6)   (a-g)      (8)     (9)    (10) (11)   (12)   (13)
----------------------------------------------------------------------------------------------------------------------------------
<S>        <C>       <C>    <C>     <C>     <C>  <C>    <C>   <C>  <C>     <C>   <C>       <C>     <C>    <C>   <C>    <C>   <C>
   0       0         0      0       0       0    0      0     0    0       0     0         0       0      0     0      0     0
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Certification of Annual Summary Totals by:  Russ Ellis
Title:  Safety and Environmental Director
Date: January 5, 2001

                                      113
<PAGE>

                                  MONROC, INC.
                       OSHA 200 INJURY AND ILLNESS REPORT
                             THRU DECEMBER 31, 2000

                            NSL & POINT OF MT. SHOPS
                                1730 BECK STREET
                           SALT LAKE CITY, UTAH 94110

<TABLE>
<CAPTION>
                               INJURIES                                   ILLNESSES
------------------------------------------------------------------------------------------------------------------------------------

                                       Fatalities                                       Fatalities
        Date                              Date   Away  Away                   Occupational  Date            Away
  Case   of      Employee  Job      Home/  of     or    from  Days  Days W/out Illness       of     Away/   from Days   Day    W/out
 Number Inj/Ill   Name     ID      Unit   Death  Restr Work  Away  Restr Loss   (7)         Death   Restr   Work Away   Restr  Loss
  (A)    (B)      (C)      (D)      (E)    (1)   (2)   (3)   (4)    (5)  (6)   (a-g)         (8)     (9)    (10) (11)   (12)   (13)
------------------------------------------------------------------------------------------------------------------------------------
<S>      <C>       <C>    <C>     <C>       <C>  <C>    <C>   <C>  <C>    <C>   <C>          <C>     <C>    <C>    <C>   <C>   <C>
PMS-1    2-3       *      Shop    Pt. of    0    |X|    0     0      1     0    0             0       0      0      0     0     0
                          Mech.     Mt.                             (F)
                                   Shop
------------------------------------------------------------------------------------------------------------------------------------
NSL-2    3-3       *      Shop    Beck      0     0     0     0      0    |X|   0             0       0      0      0     0     0
                          Super-   St.                                    (F)
                          visor   Shop

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

------------------------------------------------------------------------------------------------------------------------------------
                                            0     1     0     0      1     1    0             0       0      0      0     0     0
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

1.   PMS-1: Pain in Left shoulder and left lower leg - Vehicle accident resulted
     in 1 day of restricted duty

2.   NSL-2: Six stitches in left cheek - Left cheek contacted valve while
     pushing steam cleaner down shop ramp

Certification of Annual Summary Totals by:  Russ Ellis
Title:  Safety and Environmental Director
Date: January 5, 2001

---------------
*    Omissions denoted by the asterisk are confidential materials separately
     filed with the Securities and Exchange Commission under a pending
     Confidential Treatment Request.

                                      114
<PAGE>

                                  MONROC, INC.
                       OSHA 2000 INJURY AND ILLNESS REPORT
                             THRU DECEMBER 31, 2000

                                  MONROC OFFICE
                                1730 BECK STREET
                            SALT LAKE CITY, UT 84110

<TABLE>
<CAPTION>
                                 INJURIES                                   ILLNESSES
------------------------------------------------------------------------------------------------------------------------------------

                                         Fatalities                                       Fatalities
            Date                            Date   Away  Away                  Occupational Date            Away
   Case      of      Employee  Job    Home/  of     or    from  Days  Days  W/out Illness    of     Away/  from  Days   Day    W/out
  Number    Inj/Ill   Name     ID    Unit   Death  Restr Work  Away  Restr  Loss   (7)      Death   Restr  Work  Away   Restr  Loss
   (A)       (B)      (C)      (D)    (E)    (1)   (2)   (3)   (4)    (5)   (6)   (a-g)      (8)     (9)   (10)  (11)   (12)   (13)
------------------------------------------------------------------------------------------------------------------------------------
<S>          <C>       <C>    <C>     <C>     <C>  <C>    <C>   <C>  <C>     <C>   <C>       <C>     <C>   <C>     <C>   <C>    <C>
   0         0         0      0       0       0    0      0     0    0       0     0         0       0     0       0     0      0
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Certification of Annual Summary Totals by:  Russ Ellis
Title:  Safety and Environmental Director
Date: January 5, 2001

                                      115
<PAGE>

                          CLYDE SNOW SESSIONS & SWENSON

                                February 22, 2001

Arthur Andersen, LLP
Attn:  Lauren de Bruyn
101 Second Street, Suite 1100
San Francisco, California 94105-3601

          Re:  U.S. Aggregates, Inc.

Gentlemen:

     By letter dated January 26, 2000 (23 assume the actual date is January 26,
2001, since we received the letter on February 5, 2001), Michael J. Stone, CFO
of U.S. Aggregates, Inc. (the "Company"), requested us to furnish you certain
information in connection with your audit of the financial statements of the
Company as of February 15, 2001.

                        PENDING OR THREATENED LITIGATION

     Although we represent Valley Asphalt and Western Rock Products Corporation
in certain matters, we are responding only on behalf of Valley Asphalt with
respect to the investigation conducted by the United States Attorney's Office
for the District of Utah regarding the removal and disposal of certain
insulation at the Valley facility. The insulation contained some asbestos and
was removed in March of 2000. Valley has other matters that fall in the category
of pending or threatened litigation which are being handled by other law firms,
including Richards, Brand, Miller & Nelson of Salt Lake City, Utah. This firm
has been co-counsel with Howrey Simon Arnold & White, LLP in an investigation
involving Western Rock Products and we assume the Howrey Simon firm will respond
with respect to those matters for which we have been engaged as co-counsel.

     In March of 2000, Valley Asphalt made an effort to dispose of certain
insulation that contained, among other materials, some asbestos. The United
States Attorney's Office for the District of Utah, and other agencies,
investigated the matter to determine if here had been violations of the Clean
Air Act or regulations promulgated pursuant thereto. As a result of that
investigation, on July 14, 2000, an agreement in principle was reached by Valley
with the United States Attorney's Office which resolved the investigation.
Pursuant to the agreement in principle, a felony information was filed on
September 29, 2000, against Valley alleging in one count violations of certain
work practice standards adopted pursuant to the Clean Air Act for the handling
of hazardous materials, including asbestos.

     The agreement requires Valley to pay a fine pursuant to the Clean Air Act
and the All Fines Statute in the total amount of $300,000. Valley also has
agreed to pay a special assessment fee of $400, and to pay restitution to the
Utah State Department of Air Quality and the Utah County Department of Health in
a combined total amount not to exceed $6,000. The agreement provides that no
additional fine or penalty will be imposed or required.

     We have informally requested the United States Attorney's Office to
stipulate that the Company be allowed to pay the fine in five $60,000
installments over the next year. That request is under consideration by the
United States Attorney.

                                      116
<PAGE>

     In addition to the agreement in principle reached with the United States
Attorney's Office for the District of Utah, an agreement in principle was also
reached with the Northwest District Debarment Counsel of the United States
Environmental Protection Agency on July 13, 2000. In part, that agreement
states, "Although details remain to be worked out, we have an agreement in
principle, and I feel certain that we can conclude this matter in a manner that
will allow Valley to avoid debarment." We are now in the process of negotiating
a compliance agreement,. It is likely a successful negotiation of the compliance
agreement will occur within the next several weeks.

     In the event Valley is debarred from government contracts for a period of
time, we are not privy to sufficient information to determine the impact on
Valley or the Company. We consider the possibility of debarment of Valley
unlikely. The possibility of debarment of the Company over this matter is
remote.

     In March of 2000, Valley hired IHI Environmental, an environmental
engineering firm, to facilitate the completion and removal of the insulation.
This was done under the supervision of EPA and the State Department of
Environmental Quality. According to the foregoing agencies and, as stated in the
agreement in principle, such removal and cleanup was accomplished in a
satisfactory manner.

     The agreement in principle contemplates a written plea agreement and
expressly provides that the plea agreement will be performed in accordance with
Federal Rule of Criminal Procedure 11(e)(1)(C), which means the sentence (the
$300,000 fine) to which the parties have agreed will be binding on the Court.
However, the Court has the discretion to accept or reject a binding plea
agreement. This case has been assigned to a federal judge who generally accepts
BINDING plea agreements. We think it unlikely the Court will reject the plea
agreement.

     Arraignment (or plea) is presently scheduled for the end of March 2001. It
is anticipated that the EPA compliance agreement precluding debarment over this
issue and the plea can be concluded by the end of march. In that event, the
Company would likely be required to pay the $300,000 find sometime during the
month of April or, in the alternative, to begin paying the fine over time in a
manner agreed to by the Court and the United States.

     If the plea agreement is rejected by the Court, which is unlikely, and the
Company elects to plead as charged, we reasonably anticipate the fine will
remain in the $300,000 range. It might be less than 4300,000, but would not
exceed $500,000.

     In the unlikely event the plea agreement is rejected and the Company elects
to go to trial, we cannot offer an opinion as to what charges might be filed or
what fine would be expected in the event of conviction, given the uncertainties
of litigation and discretion of the Court in imposing a fine. In the event of a
trial on charges related to the asbestos removal, we think an unfavorable
outcome I likely. However, as indicated, we think the chance of a trial in this
matter is remote.

     The State of Utah also imposed a mandatory penalty upon Valley Asphalt with
respect to the alleged mishandling of the insulation. This matter was handled by
Richards, Brandt, Miller & Nelson of Salt Lake City.

                                      117
<PAGE>

                        UNASSERTED CLAIMS AND ASSESSMENTS

     Pursuant to clauses (b) and (c) of Paragraph 5 of the ABA Statement of
Policy and related Commentary, it would be inappropriate for this firm to
respond to a general inquiry relating to the existence of unasserted possible
claims or assessments involving the Company. We can only furnish information
concerning those unasserted possible claims or assessments for which the Company
has made a specific written request. We therefore cannot comment on the adequacy
of the Company's listing, if any, of unasserted possible claims or assessments
or its assertions concerning the advice, if any, about the need to disclose
same.

     We do not do general legal work for this Company. As qualified above, and
unless disclosed herein, we are not aware of any unasserted claims or
assessments probable of assertion which, if asserted, would have at least a
reasonable possibility of an unfavorable outcome.

                                  OTHER MATTERS

     The information set forth herein is as of February 15, 2001, the date on
which we completed our internal review procedures for purposes of preparing this
response, and we disclaim any undertaking to advise you of changes which
thereafter may be brought to our attention.

     As of February 15, 2001, the Companies (Valley and Western Rock) were
indebted to this firm for services rendered in the amount of $6,539.26.

     This response is limited by an in accordance with the ABA Statement of
Policy Regarding Lawyers' Responses to Auditors' Requests for Information
(December 1975, 1990). Without limiting the generality of the foregoing, the
limitations set forth in such Statement on the scope and use of this response
are specifically incorporated herein by reference and any description herein of
any "loss contingencies" is qualified in its entirety by paragraph 5 of the
Statement and the accompanying Commentary (which is an integral part of the
Statement).

     The Company has advised us that, by making the request set forth in its
letter to us, the Company does not intend to waiver the attorney-client
privilege with respect to any information which the Company has furnished to us.
Moreover, please be advised that our response to you should not be construed in
any way to constitute a waiver of the protection of the attorney work-product
privilege with respect to any of our files involving the Company.

     Consistent with the last sentence of paragraph 6 of the ABA Statement of
Policy and pursuant to the Company's request, this will confirm as correct the
Company's understanding as set forth in its audit inquiry letter to us that
whenever in the course of performing legal services for the Company with respect
to a matter recognized to involve an unasserted possible claim or assessment
that may call for financial statement disclosure, we have formed a professional
conclusion that the Company must disclose or consider disclosure concerning such
possible claim or assessment, we, as a matter of professional responsibility to
the Company, will so advise the Company and will consult with the Company's
representatives concerning the question of such disclosure and the applicable
requirements of the Statement of Financial Accounting Standards No. 5.

                                          Yours truly,

                                      118
<PAGE>

                                        CLYDE SNOW SESSIONS & SWENSON

                                        By:
                                           ------------------------------------
                                           RODNEY G. SNOW

RGS:dh

cc: U.S. Aggregates, Inc.

                                      119
<PAGE>

               SCHEDULE 4.5.3 LICENSES, PERMITS AND AUTHORIZATIONS

Any matters listed on Schedules 4.6.1.6,  4.11.1,  4.11.2,  4.11.3, 4.11.4, 4.13
and the following:

SITE 90- LEHI (READY-MIX ONLY)

     1.   DAQE-1682-3000  Annual  and  Initial  Inspection  Approval  Order  for
          Aggregate  Production  Plant,  Asphalt Plant and Concrete  Batch Plant
          dated  2/5/01  (State of Utah  Department  of  Environmental  Quality,
          Division of Air Quality)

     2.   CONDITIONAL  USE  APPROVALS  BY  UTAH  COUNTY  FOR MG  AND 1 ZONE  FOR
          CONCRETE  PLANT - DATES OF  MEETINGS  AND STAFF  COMMENTS:  Appeal No.
          1229, July 1, 1997;  Appeal No. 1319, July 11, 2000;  Appeal No. 1321,
          July 11, 2000

     3.   Business License with Utah County

SITE 91- LELAND YARD (SPANISH FORK) (READY-MIX ONLY)

     1.   DAQE-010-00  Approval  Order  Modification  for  Reduction  of Asphalt
          Production  Limit  and  Increase  of  Concrete   Batching   Production
          Limitation  for Leland Pit dated 1/6/00  (State of Utah  Department of
          Environmental Quality, Division of Air Quality)

     2.   DAQE-696-98  Approval  Order  Modification  for  Aggregate  Production
          Decrease  at  the  Leland  Facility  dated  10/19/98  (State  of  Utah
          Department of Environmental Quality, Division of Air Quality)

     3.   CONDITIONAL  USE APPROVAL FOR CONCRETE PLANT IN I 2 INDUSTRIAL ZONE IN
          CITY OF SPANISH FORK - Conditional  use permit appeal number  CU-97-01
          established  the asphalt  crushing and concrete  plants as conditional
          use in April 2, 1997 meeting of planning commission

     4.   Business License with City of Spanish Fork

     5.   DNR UST Spanish Fork -# 1000361

SITE 25- N. VICTORY ROAD (FALCON RIDGE QUARRY)

     1.   DAQE  239-00  Approval  Order  for  Addition  of the VSI  Crusher  and
          Associated  Conveyors  and  Stackers  dated  4/21/00  (State  of  Utah
          Department of Environmental Quality, Division of Air Quality)

     2.   DAQE 854-2000 Annual and Partial Initial  Approval Order for Aggregate
          Crushing   Equipment   dated  6/9/00  (State  of  Utah  Department  of
          Environmental Quality, Division of Air Quality)

                                      120
<PAGE>

     3.   DAQE 364-98 Approval Order for Changes of Contact Name and Address and
          Production   Increase  dated  6/1/98  (State  of  Utah  Department  of
          Environmental Quality, Division of Air Quality)

     4.   Federal Fish and Wildlife Permit 2/10/94-2/10/14.

     5.   DAQE 639-00  Approval  Order for DAQE 507-2000 dated 8/16/00 (State of
          Utah Department of Environmental Quality, Division of Air Quality)

     6.   DNR LUST Beck Street #40001233

SITE 26- 1616 NORTH BECK STREET (GEODYNE HOT PLANT)

DAQE 1494-2000  Replacement  Approval Order dated 9/29/00.  Replaces DAQE 849-98
(State of Utah Department of Environmental Quality, Division of Air Quality)

SITE 32- 1730 BECK STREET

     1.   DAQE 1496-2000 Replacement Approval Order dated 9/29/00, replaces DAQE
          744-96

     2.   DAQE-315-99  Approval  Order  modification  to AO  DAQE  744-96  dated
          4/29/99.

     3.   Salt  Lake  City  Fire  Department  Hazardous  Material  Permit  dated
          2/26/98.

     4.   DNR LUST Beck Street #4000621

SITE 47 POINT OF THE MOUNTAIN (READY-MIX ONLY)

     1.   DAQC 1462-2000 Replacement Approval Order dated 9/26/00. Replaces DAQE
          265-97 and DAQC 1083-96  (State of Utah  Department  of  Environmental
          Quality, Division of Air Quality)

     2.   CONDITIONAL  USE  APPROVAL FOR M2 ZONE IN CITY OF DRAPER - verified by
          Jan Yeckes, Planning Director, Draper, Utah.

     3.   Business License with City of Draper

SITE 38 HEBER CITY

     1.   DAQE 442-94  Approval Order for  Construction  of Concrete Batch Plant
          dated  6/2/94  (State of Utah  Department  of  Environmental  Quality,
          Division of Air Quality)

     2.   Business License with Heber City

                                      121
<PAGE>

SITE 44- PARK CITY

     1.   DAQE 1285-99 Approval Order dated 8/27/99 (State of Utah Department of
          Environmental Quality, Division of Air Quality)

     2.   DAQE 659-97  Approval Order for the Addition of a Concrete Batch Plant
          to an  Existing  Concrete  Batch Plant  dated  7/18/97  (State of Utah
          Department of Environmental Quality, Division of Air Quality)

3.       Business License with Summit County

SITE 30- BACCHUS PIT 2 (READY-MIX ONLY)

     1.   DAQE 1514-2000 Annual Initial  Inspection  Approval Order  (aggregate,
          concrete)  dated 10/2/00  (State of Utah  Department of  Environmental
          Quality, Division of Air Quality)

     2.   CONDITIONAL USE IN M ZONE FOR CITY OF WEST VALLEY - Appeal #C98-008

     3.   Business License with West Valley City

SITE 177- TOOELE

     1.   Tooele  Company  Conditional  Use Permit No.  Appeal  CUP-26400  dated
          7/5/00

CONSENTS REQUIRED FOR TRANSFER:

     1.   All Air Permits And Other  Permits  Issued By The Utah  Department  Of
          Natural Resources Must Be Transferred.

     2.   Business Licenses Are Not Transferable.

     3.   Hazardous Material Generator Id Numbers Will Have To Be Acquired

     4.   Blasting License Are Not Transferable

               EXCEPTIONS TO LICENSES, PERMITS AND AUTHORIZATIONS:

          A.   THE SITES LISTED BELOW DO NOT HAVE GENERAL STORM WATER PERMITS OR
STORM WATER POLLUTION PREVENTION PLANS:

          SITE 90- Lehi
SITE 91- Leland Yard (Spanish Fork)

                                      122
<PAGE>

          SITE 25- N. Victory Road (Falcon Ridge Quarry)
SITE 26- 1616 North Beck Street (Geodyne Hot Plant)

SITE 32- 1730 Beck Street

SITE 47 Point of the Mountain

          SITE 38 Heber City
SITE 44- Park City

                                      123
<PAGE>

SITE 30- Bacchus Pit 2

          SITE 177- Tooele

          B.   THE SITES LISTED BELOW DO NOT HAVE A SEPARATE BUSINESS LICENSE:

          SITE 25- N. Victory Road (Falcon Ridge Quarry)
SITE 26- 1616 North Beck Street (Geodyne Hot Plant)

SITE 32- 1730 Beck Street

          SITE 177- Tooele

          C.   THE SITES  LISTED  BELOW DO NOT HAVE A FIRE  MARSHALL'S  BLASTING
PERMIT (ISSUANCE IS TO BLASTING COMPANIES HIRED BY THE OWNER):

          SITE 25- N. Victory Road (Falcon Ridge Quarry)

          SITE 32- 1730 Beck Street

          D.   THE SITES  LISTED BELOW DO NOT HAVE A NOTICE OF INTENTION TO MINE
APPROVED BY DOGM:

          SITE 25- N. Victory Road (Falcon Ridge Quarry)

          SITE 32- 1730 N. Beck Street

          E.   THERE IS NO RIGHT TO CONDUCT MINING  ACTIVITIES ON SITE 25 IN THE
OPEN SPACE ZONE.

          F.   NONE OF THE SITES HAVE HAZARDOUS MATERIAL GENERATOR ID NUMBERS.

          G.   TOOELE  DOES NOT HAVE AN AIR  PERMIT  BECAUSE NO  OPERATIONS  ARE
CURRENTLY BEING CONDUCTED THERE.

          NON-CONFORMING USE:
Those uses listed on Schedule 4.6.1(c)

                                      124
<PAGE>

                  SCHEDULE 4.6(a) MINERALS; WATER RIGHTS; ETC.

Schedule 1.1 is incorporated herein by reference.

SITE 26- 1616 N. BECK STREET (FALCON RIDGE HOT PLANT)

NONE

SITE 25A- 1080 N. VICTORY ROAD (STOCKPILE AREA FALCON RIDGE QUARRY)

NONE

SITE 25B- 1050 N. VICTORY ROAD (30 ACRES FALCON RIDGE QUARRY)

Sellers' rights in limestone rock, sand and gravel.

SITE 30- BACCHUS PIT NO. 2 (READY MIX ONLY)

NONE

SITE 32- 1730 NORTH BECK STREET QUARRY

Sellers'  rights  under that  certain  Underground  Water Rights Claim No. 15292
dated April 20, 1936 and as described in that certain  Certificate of Beneficial
Use No. 57-8702 (A59401) from the State of Utah.

Sellers' rights in limestone rock, sand and gravel.

SITE 47- POINT OF THE MOUNTAIN (READY MIX ONLY)

          Sellers' rights under that  Certificate of Beneficial Use, Water Right
No. 57-8363 (A39479a) - State of Utah.

         SITE 38- HEBER CITY (READY MIX ONLY)

          NONE

          SITE 91- LELAND YARD (READY MIX ONLY)

NONE

SITE 90- LEHI (READY MIX ONLY)

NONE

SITE 177-TOOELE

Sellers' rights in sand and gravel as set forth in that Ordinary Sand and Gravel
Permit No. 228 between Western Aggregates,  Inc. (as permittee) and the State of
Utah School and Institutional Trust Lands Administration (as permitter) dated as
of June 1, 2000.

                                      125
<PAGE>

SITE 44- PARK CITY (READY MIX ONLY)

The Sellers' water rights as set forth in Water Claim No. 1697 35-7483.

                                      126
<PAGE>

                          SCHEDULE 4.6(b) ENCUMBRANCES

SCHEDULE 1.1 is incorporated herein by reference.

                                      127
<PAGE>

                         SCHEDULE 4.6.1(a) REAL PROPERTY

OWNED PROPERTY:

SITE 32- 1730 NORTH BECK STREET

         Parcel 1:

The Southeast  quarter of the  Northeast  quarter and that part of the Northeast
quarter of the Southeast quarter of Section 23, Township 1 North,  Range 1 West,
Salt Lake  Meridian;  lying  East of Beck  Street,  less  State Road and New Age
Manufacturing Co. tracts. Also tracts deeded to LaFORREST T. TWITCHELL and W. W.
and W. B. GARDNER, INC.

For Informational Purposes Only:  Tax Sidwell No. 08-23-252-001.

Parcel 2:

BEGINNING at a point on the  Northerly  right of way line of Beck  Street,  said
point  being  North  along the  Section  line 598.87 feet and North 44' 01' West
23.75 feet from the Southwest  corner of Section 24,  Township 1 North,  Range 1
West, Salt Lake Base and Meridian;  said point also being in the center of Davis
Street as created by the plat of Empire Addition; and running thence North along
the center of said Davis Street 128.0 feet; thence South 45' 59' West 90 feet to
the Northerly right of way line of Beck Street; thence along said Northerly line
South 44' 01' East 91 feet to the point of BEGINNING.

LESS Public Streets and rights of way of record.

For Informational Purposes Only:  Tax Sidwell No. 08-23-482-009.

Parcel 3:

COMMENCING 66 feet West from the Northwest  corner of Block 15, FOLSOM ADDITION;
thence  West 316 feet,  more or less,  to the East line of Beck  Street;  thence
Southerly  along the East line of said street to the South line of the Northeast
quarter  of Section  23,  Township 1 North,  Range 1 West,  Salt Lake  Meridian;
thence East 168 feet,  more or less, to a point due South of  beginning;  thence
North 340 feet to BEGINNING.

LESS State Road.

For Informational Purposes Only:  Tax Sidwell No. 08-23-253-001.

Parcel 4:

Lots 1 and 14 through  24,  inclusive,  the East 18.5 feet of Lots 2 through 13,
inclusive,  Block 9, and all Block 10 through 15,  inclusive,  FOLSOM  ADDITION,
according to the Official Plat thereof,  recorded in the Office of the Salt Lake
County, Recorder.

LESS State Road.

For Informational Purposes Only:  Tax Sidwell No. 08-23-252-001.

Parcel 5:

BEGINNING at a point which is North along the Section line 1258.87 feet from the
Southwest  corner of Section 23, Township 1 North,  Range 1 West, Salt Lake Base
and Meridian;  and

                                      128
<PAGE>

running  thence  North along the Section line 335.0 feet,  more or less;  thence
West 318.0 feet; thence South 44' 01' East 462.0 feet to the point of BEGINNING.

LESS public streets and rights of way of record.

For Informational Purposes Only:  Tax Sidwell No. 08-23-427-005.

Parcel 6:

COMMENCING 33 feet South from the Northeast  corner of the Northwest  quarter of
the Southeast  quarter of Section 23, Township 1 North,  Range 1 West, Salt Lake
Base and Meridian; thence West 405 feet; thence South 130 feet, more or less, to
the Northeasterly line of State Road; thence  Southeasterly  along said road 370
feet, more or less; thence Northeasterly 438 feet, more or less, to the point of
BEGINNING.

ALSO, COMMENCING 470 feet West from said Northeast corner; thence South 70 feet,
more or less, to the Northeasterly line of road Northwesterly along said road to
the quarter section line East 50 feet, more or less, to the BEGINNING.

TOGETHER WITH vacated streets between tracts and adjacent North of first tract.

For Informational Purposes Only:  Tax Sidwell No. 08-23-405-001.

Parcel 7:

COMMENCING at the West quarter corner of Section 24,  Township 1 North,  Range 1
West, Salt Lake Base and Meridian;  and running thence East 1775.4 feet;  thence
South 31 West 2155.0 feet, more or less, to a point on a parcel conveyed to SBC,
LLC, by deed recorded  August 30, 1994, as Entry No.  5910321,  in Book 7009, at
page 2063,  of Official  Records;  thence North 42' 30' West 40.85 feet;  thence
North 31' East 1188.03 feet;  thence West 1299.52 feet, more or less, to a point
due South from the point of beginning;  thence North 731 feet,  more or less, to
the point of BEGINNING.

For Informational Purposes Only:  Tax Sidwell No. 08-24-300-001.

Parcel 8:

The West  one-half of the  Northwest  quarter of Section  24,  Township 1 North,
Range 1 West, Salt Lake Meridian.

LESS AND  EXCEPTING  property  conveyed to SALT LAKE CITY  CORPORATION,  by Quit
Claim Deed  recorded  October 28, 1999, as Entry No.  7500225,  in Book 8319, at
page 1784, of Official Records.

For Informational Purposes Only:  Tax Sidwell No. 08-24-100-003.

Parcel 9:

COMMENCING  at a point on the  Northerly  right of way line of Beck  Street  528
feet,  more or less,  North along the Section line from the Southwest  corner of
Section 24, Township 1 North, Range 1 West, Salt Lake Base and Meridian;  thence
South 44' 15' East along the  Northerly  right of way line of Beck  Street  82.5
feet;  thence  North 45' 45' East 495.0  feet;  thence  South 44' 15' East 445.5
feet; thence North 45' 45' East 189.4 feet; thence North 40' 13' 35" West 264.85
feet; thence North 31' East 118.03 feet; thence West 1299.52 feet, more or less,
to the West line of Section 24;  thence South along the West line of Section 24,
a distance of 642.8 feet, more or less,

                                      129
<PAGE>

to a point  677.2 feet North of the point of  beginning;  thence West 16.5 feet;
thence  South 44' 01' East 384 feet;  thence  South  45' 59' West  345.25  feet;
thence South 160.92 feet to the point of BEGINNING.

EXCEPTING  THEREFROM the following  described tract:  BEGINNING at the Southeast
corner of the  Grantors  land  which  point is 128 rods  South and 5 rods  South
44(degrees) 15' East 41 feet,  more or less, to a point 60 feet  perpendicularly
distant  Northeasterly from said centerline of survey; thence North 42' 58' West
127 feet,  more or less,  to the West  boundary  line of said Section 24; thence
South 6' feet,  more or less,  along  said West  Section  line to the  Southwest
corner of said Grantor's land.

For Informational Purposes Only:  Tax Sidwell No. 08-24-300-020.

Parcel 10:

COMMENCING  32 rods South from the  Northeast  corner of Section 23,  Township 1
North,  Range 1 West, Salt Lake Meridian;  thence South 48 rods;  thence West 80
rods;  thence South 232 feet;  thence West 816 feet,  more or less,  to the East
line of Beck Street;  thence Northerly along said street 716 feet, more or less,
to the Southwest  corner of Burn's Tract;  thence  Easterly 410.25 feet, more or
less, to the Southeast corner of said Burn's Tract; thence Northerly 6-1/3 rods;
thence North 6' 1' West 159.5 feet; thence East 1874.75 feet to BEGINNING.

LESS State Road.

For Informational Purposes Only:  Tax Sidwell No. 08-23-226-001.

The above 10 parcels also described as:
---------------------------------------

Beginning  at a point which lies East 89.16 feet and North  511.86 feet from the
Southeast  Corner of Section 23, Township 1 North,  Range 1 West, Salt Lake Base
and Meridian;  said point also being on the Northerly  right-of-way line of Beck
Street (as per UDOT U-122  Drawings),  thence along said Northerly  right-of-way
line, North  42(degrees)43'54"  West 214.77 feet;  thence leaving said Northerly
right-of-way,  North  46(degrees)13'49" East 82.76 feet to a point on the center
of Davis Street as created by the Empire Edition Plat;  thence along said center
of Davis  Street South  0(degrees)15'06"  West 39.83 feet;  thence  leaving said
center of Davis  Street and running  North  46(degrees)13'48"  East 348.06 feet;
thence North 43(degrees)46' 12" West 383.94 feet; thence South 89(degrees)45'12"
East 16.50 feet to a point on the East line of said  Section  23;  thence  along
said Section line North 0(degrees)  l5'06" East 53.76 feet;  thence leaving said
Section line North 43(degrees)l5'26" West 461.90 feet to a point on the extended
North line of the Component  Playground Company Property as recorded in the Salt
Lake County  Recorders  Office  dated  November  11, 1994 Book 7045,  Page 1023,
thence  running  along said line North  89(degrees)23'57"  West 625.77 feet to a
point at which said line  intersects  the  Northerly  right-of-way  line of Beck
Street;  thence along said right-of-way line North 43(degrees) 47'54" West 63.89
feet to an angle  point  on said  right-of-way;  thence  continuing  along  said
right-of-way  North  43(degrees)34'54"  West  634.51  feet to the  Southwesterly
corner of an ambiguous description as recorded in the Salt Lake County Recorders
Office  Entry  No.  5214376,   Book  6423,  Page  2032;  thence  following  said
description  North  56(degrees)14'55"  East  366.14 feet to the  beginning  of a
curve;  thence following said description along the arc of a 900.40-foot  radius
curve to the left,  through a central  angle of  7(degrees)55'47",  124.61  feet
(Chord bears North  52(degrees)17'02"  East 124.51 feet);  thence following said
description  North  48(degrees)l9'08"  East  159.38 feet to the  beginning  of a
curve; thence following said description along the arc of a 759.43-foot curve to
the right through a central

                                      130
<PAGE>

angle of l0(degrees)09'44" 134.66 feet (Chord bears North 53(degrees)23'56" East
134.48 feet);  thence following said description  North  58(degrees)28'52"  East
14.78 feet to the  Southeasterly  corner of said  description;  thence following
said description North 33(degrees)47'38" West 210.18 feet; thence following said
description  South  64(degrees)03'52"  West 80.35 feet;  thence  following  said
description  South  56(degrees)47'52"  West  242.60 feet to the  beginning  of a
curve;  thence following said description along the arc of a 315.56-foot  radius
curve to the left  through  a central  angle of  36(degrees)38'46"  201.83  feet
(Chord bears South  38(degrees)28'29"  West 198.41 feet);  thence following said
description  South  20(degrees)09'06"  West  234.55 feet to the  beginning  of a
curve;  thence following said description along the arc of a 324.99-foot  radius
curve to the right,  through a central  angle of  19(degrees)32'26"  110.84 feet
(Chord  bears  South  29(degrees)32'52"  West  110.30  feet)  to a point  on the
Northerly  right-of-way  line of Beck  Street;  thence  leaving  said  ambiguous
description and following said right-of-way North  43(degrees)34'54"  West 66.69
feet to the  beginning  of a  spiral  curve;  thence  Northwesterly  along  said
Northerly  right-of-way  along a 10-chord  spiral curve to the right 395.71 feet
(Chord bears North  41(degrees)35'34"  West 395.50  feet) to the  beginning of a
curve; thence along said Northerly right-of-way line along a 1869.08-foot radius
curve to the right,  through a central angle of  11(degrees)34'  53" 377.80 feet
(Chord bears North 31(degrees)47'30" West 3.77.16 feet); thence continuing along
said right-of-way North  2(degrees)03'20" West 104.73 feet to the beginning of a
non-tangent   curve;   thence  continuing  along  said   right-of-way   along  a
1829.08-foot   radius   curve  to  the  right,   through  a  central   angle  of
13(degrees)25'14"  428.43 feet (Chord bears North  16(degrees)17'28" West 427.45
feet)  to  the  beginning  of a  spiral  curve;  thence  continuing  along  said
right-of-way along a 10-chord spiral curve to the right 391.52 feet (Chord bears
North   5(degrees)33'35"   West  391.31  feet);  thence  continuing  along  said
right-of-way  North  3(degrees)34'54"  West  304.50 feet to the  beginning  of a
curve;  thence  continuing  northerly  along  said  right-of-way  line  along  a
23018.09-foot   radius   curve  to  the  left   through  a   central   angle  of
0(degrees)59'21"  397.39 feet (Chord  bears North  4(degrees)04'34"  West 397.37
feet) to the Southerly line of the Burns Tract;  thence North  8l(degrees)37'48"
East 318.50  feet to the  Southeast  corner of said Burns  Tract;  thence  North
5(degrees)46'11" West 264.00 feet; thence South  89(degrees)45'12"  East 1874.75
feet to the East line of said  Section 23;  thence along said section line North
0(degrees)15'06"  East 528.00 feet to the  Northeast  Corner of said Section 23,
said point  being also the  Northwest  Corner of Section  24;  Township 1 North,
Range 1 West,  Salt Lake Base and Meridian;  thence along the North line of said
Section 24 North  89(degrees)l7'24" East 1318.19 feet to the Northeast Corner of
the  West  half  of  the   Northwest   Quarter  of  Section  24;   thence  South
0(degrees)14'25"  West 2629.14 feet along the East line of said West half of the
Northwest  Quarter of Section 24, to the  Southeast  Corner of said West half of
Northwest Quarter of Section 24; thence South 89(degrees)44'33" East 456.87 feet
along the South line of the  Northwest  Quarter of said Section 24; thence South
31(degrees)14'48" West 2089.86 feet, thence South  39(degrees)58'47" East 246.89
feet;   thence  South   45(degrees)59'47"   West  189.40   feet;   thence  North
44(degrees)00'12"  west 445.50 feet; thence South  45(degrees)59'48" West 398.28
feet to the Northeasterly  right-of-way  line of Beck Street;  thence along said
right-of-way  North  43(degrees)52'25"  West 9.55 feet;  thence continuing along
said  right-of-way  South  47(degrees)16'06"  West  45.51  feet to the  point of
beginning.

Less and excepting therefrom:
Dedicated Streets and Alleys within Folsoms Addition,

and further Less and excepting therefrom:

Property  conveyed to SALT LAKE CITY  CORPORATION,  by Quit Claim Deed  recorded
October 28, 1999, as Entry No. 7500225,  in Book 8319, at page 1784, of Official
Records

                                      131
<PAGE>

SITE 47- POINT OF THE MOUNTAIN

Parcel 1:

BEGINNING  at a point 860 feet West 660 feet  South of the  Northeast  corner of
Section 23, Township 4 South,  Range 1 West, Salt Lake Base and Meridian;  which
point was on the East boundary of the Los Angeles and Salt Lake  Railroad  Right
of Way as the same existed in 1972 and prior to its relocation by the Utah State
Road  Commission  for  construction  of a freeway known as Project 15-6, and the
point of intersection of said railroad right of way with the North boundary line
of the G and G Realty, Inc. property in 1972, and running thence along the North
boundary of C and G Realty, Inc. property East 1154 feet; thence North 400 feet;
thence  West  1024  feet,  more or less,  to the East  boundary  of the said Los
Angeles and Salt Lake  Railroad  Right of Way;  thence  Southwesterly  along the
curve on the East boundary of said railroad right of way 400 feet, more or less,
to the point of BEGINNING.

EXCEPTING  THEREFROM  that  portion  thereof  now owned by the Utah  State  Road
Commission as described in the final order of condemnation in the Third District
Court in and for Salt Lake County,  State of Utah, recorded January 25, 1974, as
Entry No. 2596469, in Book 3505, at page 338, of Official Records.

For informational purposes only: Tax Sidwell No. 33-23-200-002.

                                      132
<PAGE>

SITE 25 (FALCON RIDGE QUARRY)
PARCEL 1: 25C
PARCEL 2: 25B

PARCEL 1: (REFERRED TO AS THE "18 ACRE" PARCEL)

Beginning  at a point 86.6 rods North from the center of Section 25,  Township 1
North, Range 1 West, Salt Lake Base and Meridian,  and running thence North 73.4
rods;  thence East 40 rods;  thence South 73.4 rods;  thence West 40 rods to the
point of beginning.

The  following  is shown  for  informational  purposes  only:  Tax  Sidwell  No.
08-25-200-001

PARCEL 2: (REFERRED TO AS THE "30 ACRE" PARCEL)

Property in Section 25, Township 1 North,  Range 1 West, Salt Lake and Meridian,
commencing  1211.10 feet South from the North quarter corner of said Section 25,
thence South 990 feet; thence East 1320 feet; thence North 990 feet; thence West
1320 feet to Beginning.

The  following  is shown  for  informational  purposes  only:  Tax  Sidwell  No.
08-25-200-008

     PARCEL 2A (INGRESS AND EGRESS EASEMENT FOR THE BENEFIT OF PARCEL 2)

     Beginning 435.3 feet North from the center of section 25, Township 1 North,
     Range 1 West, Salt Lake Meridian;  thence Northwesterly along the Northeast
     side of Columbus Street,  which is along the arc of a curve having a radius
     of 2914.93 feet for a distance of 50 feet; thence North 46 0' East 38 feet,
     more  or less to the  intersection  with  the  East  line of the  Northwest
     Quarter of said  Section 25,  thence South along said Section line 70 feet,
     more or less, to beginning.

     The following is shown for informational  purposes only:  Affects a portion
     of Tax Sidwell No. 08-25-126-014

                                      133
<PAGE>

SITE 38- HEBER CITY

          Beginning  at a point on the South Line of Midway Lane 262.25 feet and
East  101.11  feet  from the  Northeast  Corner of the  Northeast  Corner of the
Northwest Quarter of Section 6, Township 4 South,  Range 5 East of the Salt Lake
Base and  Meridian;  and running  thence South  0(degrees)48'  West 154.90 feet;
thence South  89(degrees)12'  East 140.30 feet, more or less to the West line of
600 West  Street;  thence  along  the  Western  Right  of Way of 600 West  South
0(degrees)54'  West 181.50 feet; thence North  89(degrees)12'  West 140.00 feet;
thence North  0(degrees)48'  East 8.40 feet;  thence North  88(degrees)10'  West
344.90  feet;  thence North  0(degrees)48'  East 347.6 feet to the South line of
said Midway Lane;  thence along said South line South  89(degrees)12'  East 24.8
feet;  thence  continuing  along said South  line South  84(degrees)35'16"  East
321.10 feet to the place of beginning.

                                      134
<PAGE>

          SITE 44- PARK CITY

PARCEL 1:

BEGINNING  at a point  which is 1508.7  feet North and 1688.4 feet West from the
Southeast  Corner of Section 35, Township 1 South,  Range 4 East, Salt Lake Base
and Meridian,  said point also being North 47(degrees)00'23" 594.6 feet from the
North  boundary line of Utah State Highway No. U.S. 40 and running  thence North
43(degrees)58'30" West along a boundary of Utah Power and Light Company property
475 feet; thence North 46(degrees)01'30" East along a boundary of Utah Power and
Light Company property 458.5 feet; thence South 43(degrees)58'30" East 475 feet;
thence South 46(degrees)01'30" West to the point of BEGINNING.

SUBJECT TO A 60 Foot easement and right of way along the Southeasterly border.

TOGETHER WITH an easement over the following described property:

BEGINNING on the  Northeasterly  boundary line of U.S. Highway No. 40 at a point
1103.2 feet North and 2123.3 feet West from the Southeast  Corner of Section 35,
Township  1 South,  Range 4 East,  Salt Lake  Base and  Meridian;  thence  North
47(degrees)00'23" East 594.6 feet; thence North  43(degrees)58'30" West 60 feet;
thence South 47(degrees)00'23" West 600 feet, more or less, to the Northeasterly
boundary line of said U.S. Highway No. 40; thence Southeasterly along a curve to
the left 60 feet, more or less to the point of beginning.

LESS and  EXCEPTING  that portion  known as Atkinson Road as it may exist across
said land,  as described in Quit Claim Deed,  recorded  April 12, 1982, as entry
No.  190297,  in Book 216, at Page 826.  Excepting  therefrom  any portion lying
within State Road  Commission of Utah property as described in Deed in Book 1 at
Page 45 of Official Records.

The following is shown for informational purposes only: Tax Parcel No. SS-65-3.

                                      135
<PAGE>

          SITE 91- LELAND YARD

          LOT 1 BEING A PORTION OF PARCEL 1

          BEGINNING  at a point 25.88 feet East and 1520.47 feet North (based on
the Utah State Coordinate System,  Central Zone) from the West quarter corner of
Section 25,  Township 8 South,  Range 2 East,  Salt Lake Base and Meridian;  and
running  thence  North 75` 05' 48" East 430.26 feet along a fence;  thence North
88` 21' 54" East  872.35  feet along the South side of  concrete  ditch;  thence
South 13` 31' 22" East 99.05 feet;  thence  South 37` 59' 15" East  1877.60 feet
along the  Southwesterly  side of Del Monte Road;  thence South 70` 43' 55" West
256.39  feet to the center of a concrete  ditch;  thence  South 89' 07' 22" West
601.71 feet along a fence line;  thence North 18' 32' 16" West 465.47 feet along
a fence line to the center of a creek; thence North 88` 35' 38" West 151.97 feet
along the center of a concrete ditch;  thence North 60` 03' 43" West 205.43 feet
along the center of a creek; thence North 62` 14' 28" West 120.07 feet along the
center of a creek; thence North 62` 49' 47" West 118.39 feet along the center of
a concrete ditch; thence North 66` 04' 36" West 74.10 feet along the center of a
creek;  thence  South 86` 26' 53" West  50.30  feet along the center of a creek;
thence  South 36` 04' 25" West 126.01  feet along the center of a creek;  thence
South 58` 41' 22" West 74.26 feet along the center of a creek;  thence South 43'
15' 07" West 155.78 feet along the center of a creek;  thence  South 61` 48' 59"
West  114.63  feet  along the center of a creek;  thence  South 89` 18' 57" West
55.35  feet along the center of a creek;  thence  North 12` 43' 40" West  115.89
feet along a fence on the Northeasterly  side of Mill Road; thence North 18` 19'
47" West  325.45  feet  along a fence on the  Northeasterly  side of Mill  Road;
thence  North 21` 16' 51" West  790.35  feet along a fence on the  Northeasterly
side of Mill Road to the point of BEGINNING.

          LESS the  following:  COMMENCING at a point which is South 89` 31' 59"
West 384.57 feet along the Section  line and North  2633.30  feet from the South
quarter corner of Section 25, Township 8 South, Range 2 East, Salt Lake Base and
Meridian;  thence South 89` 29' 34" West 619.14 feet along a fence line;  thence
North 18` 15' 00" West 463.67  feet;  thence  North 40` 22' 16" East 22.65 feet;
thence  South 83` 00' 00" East 50.50 feet;  thence North 40` 13' 25" East 249.45
feet;  thence North 30` 41' 35" West 137.57 feet;  thence North 17` 17' 25" West
106.47 feet; thence North 49` 10' 31" West 139.36 feet; thence North 09` 33' 13"
West 110.80 feet;  thence  North 12` 19' 30" West 222.68 feet;  thence North 24`
05' 04" West 243.76 feet; thence North 70.59 feet; thence South 37` 52' 47" East
2395.40  feet along the  Westerly  boundary of a road;  thence South 87` 34' 28"
West 149.20 feet; thence South 27` 13' 06" West 18.71 feet; thence South 87` 12'
16" West 158.03 feet;  thence  North 22` 58' 45" West 179.98 feet;  thence North
77` 29' 34" West 97.03  feet;  thence  North 25` 20' 17" West 185.00 feet to the
point of BEGINNING.

          For Informational Purposes Only: Tax Parcel No. 25-026-0029.

                                      136
<PAGE>

LOT 2:

COMMENCE at a point 25.88 feet East and  1520.47  feet North  (based on the Utah
State Coordinate  System,  Central Zone) from the West quarter corner of Section
25,  Township 8 South,  Range 2 East,  Salt Lake Base and Meridian;  and running
thence North 75 degrees,  05 minutes, 48 seconds East 430.26 feet along a fence;
thence North 88 degrees, 21 minutes, 54 seconds East 791.70 feet along the South
side of a  concrete  ditch to the  POINT OF  BEGINNING  of the  property  herein
described,  a point on the east side of said canal or concrete  ditch where same
turns South and crosses the north boundary of the property of which the property
herein described is a portion;  thence North 88 degrees,  21 minutes, 54 seconds
East 80.65 feet;  thence  South 13 degrees,  31 minutes,  22 seconds  East 99.05
feet;  thence South 37 degrees,  59 minutes,  15 seconds East 1493.95 feet along
the Southwesterly side of Del Monte Road; thence leaving said Del Monte Road and
along the Northeasterly side of an access roadway North 68 degrees,  44 minutes,
00 seconds West 369.90 feet;  thence  leaving said access  roadway and along the
east side of the  aforementioned  canal or concrete  ditch North 34 degrees,  18
minutes,  25 seconds West 31.00 feet; North 42 degrees,  54 minutes,  50 seconds
West 51.50 feet; North 60 degrees, 52 minutes, 44 seconds West 72.85 feet; North
76  degrees,  06 minutes,  12 seconds  West 77.04  feet;  North 68  degrees,  35
minutes,  03 seconds West 41.94 feet; North 49 degrees,  26 minutes,  15 seconds
West 33.83 feet; North 34 degrees, 09 minutes, 22 seconds West 47.12 feet; North
23  degrees,  56 minutes,  04 seconds  West 28.71  feet;  North 18  degrees,  29
minutes,  58 seconds West 103.72 feet; North 25 degrees,  55 minutes, 55 seconds
West 29.59 feet; North 39 degrees, 33 minutes, 37 seconds West 41.98 feet; North
46  degrees,  23 minutes,  02 seconds  West 97.04  feet;  North 35  degrees,  05
minutes,  20 seconds West 36.29 feet; North 11 degrees,  18 minutes,  14 seconds
West 29.29 feet; North 00 degrees, 44 minutes, 08 seconds East 15.85 feet; North
00  degrees,  32 minutes,  37 seconds  East 76.84  feet;  North 04  degrees,  35
minutes,  29 seconds West 20.56 feet; North 13 degrees,  38 minutes,  11 seconds
West 20.74 feet; North 19 degrees,  04 minutes, 49 seconds West 121.92 feet; and
North 23  degrees,  44  minutes,  32 seconds  West  421.91  feet to the POINT OF
BEGINNING.

                                      137
<PAGE>

LEASED PROPERTY:

SITE 26- 1616 NORTH BECK STREET (HOT PLANT) (GEODYNE)

     Parcel 1:

     COMMENCING 2 rods South and 521.78 feet West from the  Northeast  corner of
     the Southeast  quarter of the Southeast  quarter of Section 23,  Township 1
     North,  Range 1 West, Salt Lake and Meridian;  and running thence South 45`
     59' West 88 feet, more or less, to State Road; thence North 44` 01' West 25
     feet; thence North 45` 59' East to a point due West from beginning;  thence
     East to BEGINNING.

     For information purposes only: Tax Sidwell No. 08-23-482-002.

     Parcel 2:

     COMMENCING 2 rods South and 208 feet West from the Northeast  corner of the
     Southeast quarter of the Southeast quarter of Section 23, Township 1 North,
     Range 1 West,  Salt Lake and  Meridian;  and  running  thence West 50 feet;
     thence  South  125  feet;  thence  East 50 feet;  thence  North 125 feet to
     BEGINNING.

     For information purposes only: Tax Sidwell No. 08-23-482-003.

     Parcel 3:

     COMMENCING 2 rods South and 133 feet West from the Northeast  corner of the
     Southeast quarter of the Southeast quarter of Section 23, Township 1 North,
     Range 1 West, Salt Lake Meridian;  and running thence West 25 feet;  thence
     South 125 feet; thence East 25 feet; thence North 125 feet to COMMENCEMENT.

     For information purposes only: Tax Sidwell No. 08-23-482-004.

     Parcel 4:

     COMMENCING  2 rods West and 198.8 feet South from the  Northeast  corner of
     the Southeast  quarter of the Southeast  quarter of Section 23,  Township 1
     North,  Range 1 West,  Salt Lake  Meridian;  and running thence South 34.71
     feet;  thence  South 45` 59' West 146.4 feet;  thence North 44` 01' West 25
     feet; thence North 45` 59' East 170.49 feet to COMMENCEMENT.

     ALSO:  COMMENCING  2 rods West and 302.93  feet  south from said  Northeast
     corner and running  thence  South  141.56  feet;  thence North 44` 01' West
     101.96 feet; thence North 45` 59' East 98.23 feet to BEGINNING.

     For information purposes only: Tax Sidwell No. 08-23-481-006.

     Parcel 5:

     COMMENCING  2 rods South and 2 rods West from the  Northeast  corner of the
     Southeast quarter of the Southeast quarter of Section 23, Township 1 North,
     Range 1 West, Salt Lake Meridian;  and running thence West 100 feet; thence
     South 125 feet;  thence West 25 feet; thence North 125 feet; thence West 50
     feet;  thence South 125 feet;  thence West 50 feet;  thence North 125 feet;
     thence West 263.78 feet, more or less, to Mosby tract; thence South 45` 59'
     West 88 feet;  thence North 44` 01' West 25 feet; thence North 45` 59' East
     60 feet,  more or less,  to a point  due  West of the  point of  beginning;
     thence  West to State Road;  thence  South 44` 01' East along said Road 879

                                      138
<PAGE>

     feet;  more or less, to a point which is South 0` 05' East 708.40 feet from
     the point of beginning;  thence North 0` 05' West 234.91 feet; thence North
     44` 01' West 101.96  feet;  thence  North 45` 59' East 98.23  feet;  thence
     North 0` 05' West 69.4 feet;  thence South 45` 59' West 146.4 feet;  thence
     North 44` 01' West 25 feet;  thence North 45` 59' East 170.49 feet;  thence
     North 0` 05' West 165.8 feet to the point of BEGINNING.

     LESS AND EXCEPTING THEREFROM the following described parcel: BEGINNING at a
     point on the Northerly  right of way line of Beck Street,  said point being
     North along the Section  line 598.87 feet and North 44` 01' West 23.75 feet
     from the Southwest  corner of Section 24,  Township 1 North,  Range 1 West,
     Salt Lake Base and  Meridian;  said point also being in the center of Davis
     Street as created by that plat of Empire Addition; and running thence North
     along the center of said Davis Street 128.0 feet; thence South 45` 59' West
     90 feet to the  Northerly  right of way line of Beck  Street;  thence along
     said Northerly line South 44` 01' East 91 feet to the point of BEGINNING.

     For information purposes only: Tax Sidwell No. 08-23-482-008.

     Parcel 6:

     BEGINNING  at a point which is North along the Section line 598.87 feet and
     North 44` 01' West  23.75 feet and North  along the center of Davis  Street
     128.0 feet from the Southwest corner of Section 24, Township 1 North, Range
     1 West,  Salt Lake Base and  Meridian;  and running  thence North along the
     center of Davis Street 532.0 feet;  to a point which is East 16.5 feet from
     the  Northeast  corner of Block 11, Empire  Addition;  thence South 44` 01'
     East 384  feet;  thence  South  45` 59'  West  368.2  feet to the  point of
     BEGINNING.

     LESS AND  EXCEPTING  THEREFROM  that  portion  lying  within  the bounds of
     vacated Davis Street.

     For information purposes only: Tax Sidwell No. 08-24-300-015.

     Parcel 7:

     BEGINNING at the Southeast corner of the Northeast quarter of the Southeast
     quarter of Section 23,  Township 1 North,  Range 1 West, Salt Lake Base and
     Meridian;  said  point  being  North 0` 00' 18" East along the East line of
     said Section 23, 1294.44 feet from the Southeast corner of said Section 23;
     and  running  thence  North 89` 41' 54" West  along  the South  line of the
     Northeast  quarter of the Southeast quarter of said Section 23, 653.49 feet
     to the East  right  of way line of U. S.  Highway  91  (Beck  Street);  and
     running  thence  North 44` 00' 53" West  along  said East right of way line
     260.32 feet; thence South 89` 41' 54" East 331.73 feet; thence North 0` 00'
     18" East 112.65 feet; thence South 89` 41' 54" East 502.66 feet to the East
     line of said  Section 23;  thence  South 0` 00' 18" West 298.90 feet to the
     point of BEGINNING.

     LESS AND EXCEPTING THEREFROM the following described parcel: BEGINNING at a
     point which is North along the Section line 1258.87 feet from the Southwest
     corner of Section 24,  Township 1 North,  Range 1 West,  Salt Lake Base and
     Meridian;  and running thence North along the Section line 335.0 feet, more
     or less;  thence West 318.00 feet;  thence South 44` 01' East 462.0 feet to
     the point of BEGINNING.

     For information purposes only: Tax Sidwell No. 08-23-427-004.

                                      139
<PAGE>

SITE 25 (FALCON RIDGE QUARRY)

PARCEL 3A: 25A - AS SHOWN ON SURVEY

Beginning  435.3 feet North  from the  center of Section  25,  Township 1 North,
Range 1 West, Salt Lake Base and Meridian; thence North 651.3 feet; thence North
50(degrees) West 115.5 feet more or less; thence South 63(degrees)56' West 324.1
feet more or less to Premium Oil Co., et al tract; the South  19(degrees)4' West
177.7 feet more or less to the relocated  Easterly line of Victory Road;  thence
along  the  Easterly  line of  Victory  Road  the  following  4  courses;  South
49(degrees)42'  East 94.0 feet more or less;  thence South  43(degrees)59'  East
200.0 feet; thence South  41(degrees)50'  East 133.0 feet; thence  Southeasterly
along a 2,939.9  foot  radius  curve to the right 127.6 feet more or less to the
point of beginning.

          The following is shown for  informational  purposes  only: Tax Sidwell
No. 08-25-126-014

PARCEL 3B (REFERRED TO AS THE "SINCLAIR OIL" PARCEL):

Part of Reserve in Block 3, Warm Springs  Subdivision  (Vacated)  described  as:
Beginning 74 rods North of the Center of Section 25, Township 1, North,  Range 1
West,  Salt Lake Base and Meridian;  thence South  63(degrees)  56' West 5 rods;
thence  South  50(degrees)  East 7 rods;  thence  North 7.6 rods to the point of
beginning.

          The following is shown for  informational  purposes  only: Tax Sidwell
No. 08-25-126-013

                                      140
<PAGE>

SITE 30- BACCHUS PIT NO. 2

BEGINNING at a point on the quarter Section line, said point being South 89` 51'
35" East 788.03  feet from the West  quarter  corner of Section  22,  Township 2
South,  Range 2 West,  Salt Lake Base and Meridian;  and running thence North 0`
02' 46" West 696.65  feet;  thence  South 88` 07' 54" East  1615.85  feet to the
Westerly right of way line of Utah State Highway No. 111;  thence  Southeasterly
along said right of way along a 5654.70  foot radius  curve to the right,  chord
bears  South 18` 32' 22" East  948.85  feet,  a distance  of 949.97  feet to the
quarter  Section;  thence  along the quarter  section line South 1` 16' 57" East
1089.10  feet to the 40 acre line;  thence  North 88` 43' 03" East 131.37  feet;
thence  Southerly along the Westerly right of way line of said Highway 111 along
the arc of a 5654.70  foot radius  curve to the right,  chord bears South 4` 14'
37" West  1346.43  feet,  a distance  of 1349.63  feet to the South line of said
Section 22; thence South 89` 59' 27" West along said South line 1.71 feet to the
South  quarter  corner of said Section 22; thence North 89` 58' 58" West 1327.29
feet  along  said  South  line of  Section  22;  thence  along a fence  line the
following  (9)  courses;  North 1` 46' 39" West 658.66  feet;  North 1` 29' West
103.54 feet;  North 63` 58' East 52.77 feet;  North 2` 43' 46" East 353.13 feet;
North 1` 12' 22" West 577.42 feet;  North 1` 32' 40" West 392.32 feet;  North 1`
15' 18" West 197.46 feet; North 3` 07 18" West 200.05 feet; and North 3` 25' 28"
West 178.25  feet to the quarter  Section  line;  thence  North 89` 51' 35" West
635.72 feet to the point of BEGINNING.

     LESS AND EXCEPTING therefrom the following described property owned by Utah
     Power & Light:

     COMMENCING  South 60` 22' 25" West 3622.6 feet from the East quarter corner
     of Section 22, Township 2 South, Range 2 West, Salt Lake Base and Meridian;
     and running thence South 1` 13' 35" East 100 feet; thence South 88` 46' 25"
     West 100 feet;  thence North 1` 13' 35" West 100 feet; thence North 88` 46'
     25" East 100 feet to COMMENCEMENT.

For Informational purposes only: Tax Sidwell No's. 20-22-151-001; 20-22-300-003;
20-22-400-004; and 20-22-400-006.

                                      141
<PAGE>

SITE 90- LEHI

          LEASE AREA

          Beginning at a point 239.72 feet and west 2415.97 feet from the center
of Section 16, Township 5 South, Range 1 West, Salt Lake Base & Meridian; thence
N.  33(degrees)11'28"  E 50.00 feet; thence N.  56(degrees)11'13" W 206.65 feet;
thence N.  88(degrees)52'32"  W 87.21 feet; thence S  01(degrees)07'28" W 357.83
feet; thence S  89(degrees)07'32"  E 410.32 feet; thence N  39(degrees)53'14"  W
267.78 feet to the point of beginning.

          50' EASEMENT

          Beginning  at a point North 239.72 feet and West 2415.97 feet from the
center of Section 16, Township 5 South, Range 1 West, Salt Lake Base & Meridian;
thence S  57(degrees)04'08"  E 360.60 feet; thence S  87(degrees)08'11" E 158.06
feet;  thence N  85(degrees)32'08"  E 646.15 feet;  thence N  78(degrees)49'18"E
166.21   feet;   thence   N   64(degrees)02'29"   E   195.78   feet;   thence  N
00(degrees)38'01" E 55.92 feet; thence S 64(degrees)02"29" W 220.81 feet; thence
S  80(degrees)05'39"  W 168.24 feet; thence S  85(degrees)32'08"  W 622.21 feet;
thence N  87(degrees)08'11"  W 141.43 feet; thence N  57(degrees)04'08" W 346.94
feet; thence S 33(degrees)11'28" W 50.00 feet to the point of beginning.

          55' EASEMENT

          Beginning  at a point North 34.47 feet and West  2258.37 feet from the
center of Section 16, Township 5 South, Range 1 West, Salt Lake Base & Meridian;
thence N  89(degrees)07'32"  W 68.62 feet; thence S  38(degrees)33'19"  E 272.33
feet;  thence S  33(degrees)57'04"  E 65.54 feet; thence S  22(degrees)38'51"  E
109.96 feet; thence S 01(degrees)41"56" E 52.31 feet; thence N 78(degrees)51'44"
E 71.92  feet  along  the  Northern  Right  of Way of State  Road  73;  thence N
21(degrees)18'39" W 52.61 feet; thence N 22(degrees)38'51" W 125.82 feet; thence
N  33(degrees)57'04"  W 72.92 feet; thence N  38(degrees)33'19" W 230.88 feet to
the point of beginning

          The following is shown for informational purposes only:

          Tax Sidwell No. 58-033-0013.

                                      142
<PAGE>

SITE  177 -TOOELE

          Beginning at the North 1/4 corner Section 2 which is the true Point of
Beginning, Township 5 South, range 5 west, Salt Lake Base and Meridian; Thence S
88(degrees)46'22"  E 2635.61 feet along the North  Section line to the Northeast
corner of said  Section;  Thence S  00(degrees)30'11"  E 2661.67  feet along the
Section line to the east 1/4;  Thence S  00(degrees)06'29"  E 2638.45 feet along
the Section line to the Southeast corner;  Thence N  89(degrees)44'17" W 2649.28
feet along the  Section  line to the South  1/4;  Thence N  89(degrees)44'18"  W
2649.28  feet  along  the  Section  line  to  the  Southwest  corner;  Thence  N
01(degrees)13'39"  E 2604.59 feet along the Section line to the west 1/4; Thence
N  89(degrees)53'17"  E 1293.27  feet  along  the  quarter  Section  line to the
Southwest  corner of the Southeast  quarter of the Northwest  quarter;  Thence N
00(degrees)26'56"  E 2755.34 feet along the 1/16  Section line to the  Northwest
corner  of  the   Northeast   quarter  of  the  Northwest   quarter;   Thence  S
88(degrees)39'45"  E  1264.84  feet  along  the  Section  line to the  Point  of
Beginning.

                                      143
<PAGE>

                  SCHEDULE 4.6.1(c) ZONING; NON-CONFORMING USE

SITE 26- 1616 NORTH BECK STREET (GEODYNE HOT PLANT)

Site is in a M1 zone in  Salt  Lake  City.  The  asphalt  plant  operation  is a
non-conforming  use in this zone. Asphalt plants are not a permitted use in this
zone  and  are  only  permitted  uses in the EI  zone.  Further,  the  aggregate
stockpiles that exist at this tract are  non-conforming in that they do not have
a conditional  use approval.  Aggregates  stockpiles  are only allowed in the M1
zone by  conditional  use  approval.  The  status  is that  because  of the long
standing asphalt operation and stockpile existence, at least back to 1985, which
is the date of the earliest air permit found, the use is grand-fathered.

SITE 25- N. VICTORY ROAD (FALCON RIDGE QUARRY)

Site is split between an EI extractive industries zone and OS open space zone in
Salt Lake City. Quarrying and all associated activities are permitted uses in an
EI zone but are not permitted in the OS zone. No actual  mining  activities  are
occurring in the OS zone other than some minor exploration and water line pipes.
However,  the OS zone does currently curtail expansion of the mining activity on
the site.

SITE 44- PARK CITY

Ready mix operations are a  grand-fathered  use in Summit County pursuant to the
development  code that was adopted by Summit County in 1996. A rezoning  request
for new  applications  and for building  permits is required in this development
zone area.

                                      144
<PAGE>

                 SCHEDULE 4.6.1(c)(B) OTHER NON-CONFORMING USES

          None, except as disclosed on SCHEDULE 4.6.1(c).

                                      145
<PAGE>

          SCHEDULE 4.6.1(d) CONDEMNATION AND EMINENT DOMAIN PROCEEDINGS

                                      NONE

                                      146
<PAGE>

          SCHEDULE 4.6.1(g) SPECIAL TAXES; PLANNED IMPROVEMENTS; NOTICES

SITE 90- LEHI

1. The terms and  provisions of the "Farmland  Assessment  Act of 1969" in Title
59,  Chapter 2, Part 5 of the Utah Code, and  amendments  thereto,  disclosed by
that certain  Application  for Taxation of Agricultural  Land,  dated August 31,
1994, and recorded  November 3, 1994, as Entry No. 84870,  in Book 3562, at page
21, of Official Records,  which, in part,  provides for the right of Utah County
to reassess  said property for previous  years and the  collection of additional
taxes resulting from any such reassessment.

SITE 30- BACCHUS PIT NO. 2

1. The terms and  provisions of the "Farmland  Assessment  Act of 1969" in Title
59,  Chapter 2, Part 5 of the Utah Code, and  amendments  thereof,  disclosed by
that certain Application for Taxation of Agricultural Land, recorded December 6,
1976, as Entry No.  2883805,  in Book 4422,  at page 1060, of Official  Records,
which,  in part,  provides  for the right of Salt Lake County to  reassess  said
property for previous  years and the  collection of additional  taxes  resulting
from any such reassessments.

2. Any special  assessments  due or to become due for Salt Lake  County  Service
Area No. 1, as disclosed by that certain Resolution  recorded December 30, 1993,
as Entry No. 5699874, in Book 6841, at page 1030, of Official Records.

SITE 32- 1730 BECK STREET

NONE

SITE 47- POINT OF THE MOUNTAIN

NONE

SITE 26- 1616 NORTH BECK STREET

NONE

SITE 44- PARK CITY

NONE

SITE 38- HEBER CITY

NONE

SITE 25- FALCON RIDGE QUARRY

NONE

                                      147
<PAGE>

SITE 91- LELAND YARD

NONE

                                      148
<PAGE>

           SCHEDULE 4.6.1(h) STRIPS AND GORES AFFECTING THE PROPERTY;
                            ABSENCE OF ACCESS RIGHTS

HEBER CITY

Any rights, interests, or claims which may exist or arise by reason of the
following fact(s) shown on a survey plat entitled "Utah Gravel, Heber City,
Utah", dated March 28, 2001, prepared by International Land Services, Inc.,
Bradley D. Daley LS No. 259684.

     a.   Deed overlap with adjoining property

     b.   Variation of fence lines from deed lines

     c.   Deed encroachment along the southerly property line.

BACCHUS #2

Any rights, interests, or claims which may exist or arise by reason of the
following fact(s) shown on a survey plat entitled "Utah Gravel, Magna, Utah",
dated March 28, 2001, prepared by International Land Services, Inc., Bradley D.
Daley LS No. 259684:

     a.   Variation of fencelines from the deed lines.

PARK CITY

Any rights, interests, or claims which may exist or arise by reason of the
following fact(s) shown on a survey plat entitled "Utah Gravel, Park City,
Utah", dated March 28, 2001, prepared by International Land Services, Inc.,
Bradley D. Daley LS No. 259684:

     e.   Variation of fence lines from deed lines.

     f.   Encroachment of fence into Atkinson Road

     g.   Encroachment of improvements onto the easement of Salt Lake Pipeline
          Company

     h.   Encroachment of improvements across the northwesterly property line.

LELAND

Any rights, interests, or claims which may exist or arise by reason of the
following fact(s) shown on a survey plat entitled "Utah Gravel, Spanish Fork,
UT" dated March 28, 2001 prepared by International Land Services, Inc., Bradley
D. Daley LS No. 259684:

     a.   Deed encroachments and gaps along southerly line of property.

     b.   Variation of fence lines from deed line and deed gap along northerly
          line of property.

     c.   Concrete pad encroachment into road right-of-way on easterly line of
          property.

     d.   Pursuant to title policy pro forma survey description varies from
          title description.

FALCON RIDGE QUARRY

Any rights, interests, or claims which may exist or arise by reason of the
following facts(s) shown on a survey plat entitled "Utah Gravel, Salt Lake City,
UT "dated March 28, 2001 prepared by International Land Services, Inc., Bradley
D. Daley LS No. 259684:

     a.   Fence line encroachment along the Northwesterly portion of Parcel 3A.

     b.   Encroachments of improvements in the setback area.

                                      149
<PAGE>

POINT OF THE MOUNTAIN

Any rights, interests, or claims which may exist or arise by reason of the
following facts(s) shown on a survey plat entitled "Draper, Point of the
Mountain" dated March 28, 2001 prepared by International Land Services, Inc.,
Bradley D. Daley LS No. 259684:

     c.   Encroachment of improvements onto the abutting property along the
          southerly boundary.

     d.   Third party rights of ingress and egress based on the location of
          driveway improvements.

                                      150
<PAGE>

                         SCHEDULE 4.6.1(j) WATER RIGHTS

SITE 32- 1730 NORTH BECK STREET QUARRY

Sellers' rights under that certain Underground Water Rights Claim No. 15292
dated April 20, 1936 and as described in that certain Certificate of Beneficial
Use No. 57-8702 (A59401) from the State of Utah.

SITE 47- POINT OF THE MOUNTAIN (READY MIX ONLY)

          Sellers' rights under that Certificate of Beneficial Use, Water Right
No. 57-8363 (A39479a) - State of Utah.

SITE 44- PARK CITY (READY MIX ONLY)

The Sellers' water rights as set forth in Water Claim No. 1697 35-7483.

                                      151
<PAGE>

                     SCHEDULE 4.6.1(k) OWNED QUARRY PROPERTY

Partial assignment of the Royalty and Consulting Agreement dated as of February
18, 1998 by and among G. Elaine Rolfe, Kim V. Rolfe, Kerry D. Rolfe, Kurt E.
Rolfe and Kelley l. Dawson and Rolfe Development, LLC as their assignee and
Falcon Ridge Construction (predecessor in interest to Geodyne Beck Rock
Products, Inc.) (as to the 18 acres only).

          Push and Blast Oral Agreement with Rolfes only to the extent of the
following teerms: (i) the Rolfes blast from the 30 acre parcel and push the
blasted ore to the crusher; (ii) once the ore is crushed, the Rolfes are to be
paid $0.85 a ton; and (iii) Parson assumes responsibility for payment with
respect to ore that has been pushed and blasted but not crushed as of the
Closing Date. Liability for all other terms and conditions of said oral
agreement remain with Seller.

                                      152
<PAGE>

             SCHEDULE 4.6.1.1 EXCEPTIONS TO ASSETS IN GOOD CONDITION

Beck Street Dam

                                      153
<PAGE>

                      SCHEDULE 4.6.1.4 BREACH OF OPERATIONS

                                      NONE

                                      154
<PAGE>

       SCHEDULE 4.6.1.5 REQUIRED CONSENTS TO ASSIGNMENT OF PROPERTY LEASES

SITE 26- 1616 NORTH BECK STREET (HOT PLANT)

The prior written consent of A.C. Financial is required to assign the Commercial
Lease Agreement dated as of February 20, 1998, by and among A.C. Financial (as
landlord), Geodyne Transport, Inc. (as tenant) and Western Aggregates Holding
Corp. (as guarantor).

SITE 25A- 1080 N. VICTORY ROAD (FALCON RIDGE QUARRY)

The prior written consent Sinclair Oil Corporation is required to assign the
Lease dated as of August 18, 2000, by and between Sinclair Oil Corporation (as
landlord) and Geodyne Transport, Inc. (as tenant).

SITE 177- TOOELE

The prior written consent of the State of Utah School and Institutional Trust
Lands Administration must be obtained to assign the Ordinary Sand and Gravel
Permit between Western Aggregates, Inc. (as permittee) and the State of Utah
School and Institutional Trust Lands Administration (as permitter) dated June
16, 2000.

                                      155
<PAGE>

                        SCHEDULE 4.6.1.6 VIOLATION OF LAW

SITE 38 HEBER CITY

TWO OUT BUILDINGS HAVE NEVER RECEIVED FINAL CERTIFICATES OF OCCUPANCIES AND
THEIR BUILDING PERMITS HAVE ACTUALLY EXPIRED. VIOLATION IS IN THE PROCESS OF
BEING CORRECTED AT THE EXPENSE OF THE SELLER.

SITE 25- N. VICTORY ROAD (FALCON RIDGE QUARRY)

     1.   There were two stop work orders for the activity in the OS zone that
          were issued by The Planning Staff of Salt Lake City in December 1999.
          Some reseeding and re-vegetation are still to be done. No mining
          activity has actually occurred in this OS zone

     2.   There is no notice of intent for this site that has been approved by
          the Division of Oil, Gas and Mining (DOGM) (i.e. no "large mine
          permit")

SITE 32- 1730 BECK STREET

There is no notice of intent for this site that has been approved by the
Division of Oil, Gas and Mining (DOGM) (i.e. no "large mine permit")

                                      156
<PAGE>

              SCHEDULE 4.6.1.7 ASSETS OUTSIDE OF THE STATE OF UTAH

Monroc maintains certain assets outside the State of Utah.

                                       157
<PAGE>

                  SCHEDULE 4.6.2(a) LIENS ON PERSONAL PROPERTY

                                      NONE

                                      158
<PAGE>

                SCHEDULE 4.6.2(b) CONDITION OF PERSONAL PROPERTY

                                      NONE

                                      159
<PAGE>

                      SCHEDULE 4.8.2 EMPLOYEE BENEFIT PLANS

PENSION PLANS

     1.   Retirement Teamsters Trust Fund - Local 222
     2.   Retirement Operating Engineers Trust Fund - Local 3

WELFARE PLANS

     1.   USAI Dental Plan
     2.   USAI Prescription Plan - PCS
     3.   Voluntary Life Credit Union - Local 222
     4.   Voluntary Life Credit Union - Local 3
     5.   Voluntary Life Reliance Standard
     6.   Group Life Reliance Standard
     7.   Group Life Operating Engineers Trust Fund
     8.   Prescription Plan - Operating Engineers Trust Fund
     9.   Dental Plan - Operating Engineers Trust Fund
     10.  Group Medical Plan - Operating Engineers Trust Fund
     11.  Group Life Teamsters Trust Fund
     12.  Prescription Plan - Teamsters Trust Fund
     13.  Dental Plan - Teamsters Trust Fund
     14.  Group Medical Plan - Teamsters Trust Fund
     15.  STD Reliance Standard Trust Fund
     16.  STD Operating Engineers Trust Fund
     17.  STD Teamsters Trust Fund
     18.  LTD Reliance Standard

OTHER PLANS

     1.   USAI 401(K) Plan
     2.   Monroc Employee Stock Option Plan

                                      160
<PAGE>

       SCHEDULE 4.8.2(b) OBLIGATIONS TO CONTRIBUTE TO MULTI-EMPLOYER PLANS

PENSION PLANS

     1.   Retirement Teamsters Trust Fund - Local 222
     2.   Retirement Operating Engineers Trust Fund - Local 3

WELFARE PLANS

     1.   Voluntary Life Credit Union - Local 222
     2.   Voluntary Life Credit Union - Local 3
     3.   Group Life Operating Engineers Trust Fund- Local 3
     4.   Prescription Plan - Operating Engineers Trust Fund- Local 3
     5.   Dental Plan - Operating Engineers Trust Fund- Local 3
     6.   Group Medical Plan - Operating Engineers Trust Fund- Local 3
     7.   Group Life Teamsters Trust Fund- Local 222
     8.   Prescription Plan - Teamsters Trust Fund- Local 222
     9.   Dental Plan - Teamsters Trust Fund- Local 222
     10.  Group Medical Plan - Teamsters Trust Fund- Local 222
     11.  STD Operating Engineers Trust Fund- Local 3
     12.  STD Teamsters Trust Fund- Local 222

                                      161
<PAGE>

          SCHEDULE 4.8.2(c) OBLIGATIONS TO CONTRIBUTE TO PENSION PLANS

PENSION PLANS

     1.   Retirement Teamsters Trust Fund - Local 222
     2.   Retirement Operating Engineers Trust Fund - Local 3

                                      162
<PAGE>

                           SCHEDULE 4.8.6 RESIGNATIONS

The following employees will be offered continued positions with the Sellers:

   EMPLOYEE NAME                EMPLOYER                     POSITION
--------------------------------------------------------------------------------

Rex Benion                      Valley Materials             Operating Engineer
--------------------------------------------------------------------------------

John Brereton                   Valley Materials             Operating Engineer
--------------------------------------------------------------------------------

Justin Cozad                    Geodyne                      Quarry Manager
--------------------------------------------------------------------------------

Clark Vielstich                 Geodyne                      Loader/Operator
--------------------------------------------------------------------------------

George Freestone                Geodyne                      Crusher/Operator
--------------------------------------------------------------------------------

Kenneth Durham                  Geodyne                      Loader/Operator
--------------------------------------------------------------------------------

William Darr                    Geodyne                      Crusher Maintenance
--------------------------------------------------------------------------------

Stacey Freeze                   Geodyne                      Weigh Master
--------------------------------------------------------------------------------

Deborah Snow                    Geodyne                      Weigh Master
--------------------------------------------------------------------------------

The Sellers do not anticipate that most of these employees will accept such
employment.

                                      163
<PAGE>

                 SCHEDULE 4.8.7 COLLECTIVE BARGAINING AGREEMENTS

1. Ready Mix Sand and Gravel Agreement between Monroc, Inc and Teamsters,
Chauffeurs, Warehousemen and Helpers Local 222 dated August 4, 1998.

2. Contract #57736-44 between Monroc, Inc. and Operating Engineers No. 3 the
International Union of Operating Engineers, AFL-CIO dated September 21, 1998.

3. Agreement between Valley Asphalt, Inc. and the Operating Engineers Local
Union No. 3, International Union of Operating Engineers, AFL-CIO dated July 16,
1999.

                                      164
<PAGE>

                       SCHEDULE 4.8.7(b) LABOR GRIEVANCES

                                      NONE

                                      165
<PAGE>

                      SCHEDULE 4.9.1 EMPLOYEE COMPENSATION

See attached Employee Lists.

                                      166
<PAGE>

              ATTACHMENT TO SCHEDULE 4.9.1 - EMPLOYEE COMPENSATION

                                      167
<PAGE>

                        GEODYNE BECK ROCK PRODUCTS, CORP.
--------------------------------------------------------------------------------
                                                               SALARY/
                        JOB                          UNION     HOURLY     HIRE
      NAME             TITLE        LOCATION        STATUS      RATE      DATE
--------------------------------------------------------------------------------
        *             Crusher     Falcon Ridge     Non-Union      *       6/9/00
--------------------------------------------------------------------------------
        *             Crusher     Falcon Ridge     Non-Union      *      2/22/99
--------------------------------------------------------------------------------
        *             Crusher     Falcon Ridge     Non-Union      *       3/8/99
--------------------------------------------------------------------------------
        *             Crusher     Falcon Ridge     Non-Union      *       5/4/98
--------------------------------------------------------------------------------
        *             Crusher     Falcon Ridge     Non-Union      *     12/20/99
--------------------------------------------------------------------------------
        *             Crusher     Falcon Ridge     Non-Union      *      5/19/00
--------------------------------------------------------------------------------
        *             Crusher     Falcon Ridge     Non-Union      *     10/25/99
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
        *             Asphalt     Beck Street      Non-Union      *       3/2/98
--------------------------------------------------------------------------------
        *             Asphalt     Beck Street      Non-Union      *      8/10/92
--------------------------------------------------------------------------------

-----------------
* Omissions denoted by the asterisk are confidential materials separately filed
with the Securities and Exchange Commission under a pending Confidential
Treatment Request.

                                      168
<PAGE>

                             EAGLE VALLEY MATERIALS
--------------------------------------------------------------------------------
                                                               SALARY/
                        JOB                          UNION     HOURLY      HIRE
      NAME             TITLE        LOCATION        STATUS      RATE       DATE
--------------------------------------------------------------------------------
        *              Driver         Lehi        Non-Union        *      2/4/91
--------------------------------------------------------------------------------
        *              Driver         Lehi        Non-Union        *     11/5/00
--------------------------------------------------------------------------------
        *              Driver         Lehi        Non-Union        *      4/5/99
--------------------------------------------------------------------------------
        *              Driver         Lehi        Non-Union        *      7/6/00
--------------------------------------------------------------------------------
        *              Driver         Lehi        Non-Union        *    10/17/00
--------------------------------------------------------------------------------
        *              Driver         Lehi        Non-Union        *     8/14/00
--------------------------------------------------------------------------------
        *              Driver         Lehi        Non-Union        *      8/8/00
--------------------------------------------------------------------------------
        *              Driver         Lehi        Non-Union        *     5/10/99
--------------------------------------------------------------------------------
        *              Driver         Lehi        Non-Union        *      8/1/00
--------------------------------------------------------------------------------
        *              Driver         Lehi        Non-Union        *     11/1/00
--------------------------------------------------------------------------------
        *              Driver         Lehi        Non-Union        *    10/27/00
--------------------------------------------------------------------------------
        *              Driver         Lehi        Non-Union        *    11/22/00
--------------------------------------------------------------------------------
        *              Driver         Lehi        Non-Union        *     7/23/99
--------------------------------------------------------------------------------
        *              yard           Lehi        Non-Union        *     4/27/93
--------------------------------------------------------------------------------

-----------------
* Omissions denoted by the asterisk are confidential materials separately filed
with the Securities and Exchange Commission under a pending Confidential
Treatment Request.

                                      169
<PAGE>

                                   MONROC INC
--------------------------------------------------------------------------------
                                                               SALARY/
                        JOB                          UNION     HOURLY      HIRE
      NAME             TITLE        LOCATION        STATUS      RATE       DATE
--------------------------------------------------------------------------------
        *          Loader Oper      Park City      Union                 5/15/89
--------------------------------------------------------------------------------
        *          Driver           Park City      Union                  6/3/91
--------------------------------------------------------------------------------
        *          Driver           Park City      Union                 8/27/80
--------------------------------------------------------------------------------
        *          Mechanic         Park City      Union                 3/18/91
--------------------------------------------------------------------------------
        *          Driver           Park City      Union                  6/8/95
--------------------------------------------------------------------------------
        *          Plant Oper       Heber City     Union                 5/23/94
--------------------------------------------------------------------------------
        *          Driver           Park City      Union                  6/3/98
--------------------------------------------------------------------------------
        *          Driver           Park City      Union                 5/18/99
--------------------------------------------------------------------------------
        *          Driver           Heber City     Union                 4/30/99
--------------------------------------------------------------------------------
        *          Driver           Park City      Union                 8/15/00
--------------------------------------------------------------------------------
        *          Driver           Park City      Union                 6/24/99
-------------------------------------------------------------------------------
        *          Driver           Heber City     Union                10/17/78
--------------------------------------------------------------------------------
        *          Driver           Park City      Union                  6/3/98
--------------------------------------------------------------------------------
        *          Driver           Heber City     Union                11/10/99
--------------------------------------------------------------------------------
        *          Mechanic         Park City      Union                 12/4/98
--------------------------------------------------------------------------------
        *          Driver           Park City      Union                10/24/78
--------------------------------------------------------------------------------
        *          Driver           Park City      Union                  9/8/83
--------------------------------------------------------------------------------
        *          R/M Supervisor   Park City      Non-Union      *      6/28/99
--------------------------------------------------------------------------------
        *          Driver           Park City      Union                 9/20/79
--------------------------------------------------------------------------------
        *          Driver           Park City      Union                 2/14/00
--------------------------------------------------------------------------------
        *          Driver           Park City      Union                  4/6/99
--------------------------------------------------------------------------------
        *          Loader Oper      Park City      Union                 6/15/89
--------------------------------------------------------------------------------
        *          Driver           Park City      Union                10/31/77
--------------------------------------------------------------------------------
        *          Driver           Park City      Union                 9/23/93
--------------------------------------------------------------------------------
        *          Driver           Heber City     Union                 9/20/00
--------------------------------------------------------------------------------
        *          Driver           Park City      Union                 4/30/98
--------------------------------------------------------------------------------
        *          Driver           Park City      Union                 3/12/81
--------------------------------------------------------------------------------
        *          Driver           Heber City     Union                 6/16/80
--------------------------------------------------------------------------------
        *          Mechanic         Park City      Union                  7/1/92
--------------------------------------------------------------------------------
        *          Driver           Park City      Union                  5/6/81
--------------------------------------------------------------------------------
        *          Plant Oper       Park City      Union                 9/23/77
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
        *          Mechanic         SL Shop        Union                 5/30/00
--------------------------------------------------------------------------------
        *          Supv             SL Shop        Union                  5/9/73
--------------------------------------------------------------------------------
        *          Mechanic         SL Shop        Union                10/25/99
--------------------------------------------------------------------------------
        *          Greaser/Tireman  SL Shop        Union                 4/24/75
--------------------------------------------------------------------------------
        *          Mechanic         SL Shop        Union                10/11/75
--------------------------------------------------------------------------------
        *          Mechanic         SL Shop        Union                  6/1/99

--------------------------------------------------------------------------------
        *          Driver           Pt of Mtn      Union                  5/7/96
--------------------------------------------------------------------------------

-----------------
* Omissions denoted by the asterisk are confidential materials separately filed
with the Securities and Exchange Commission under a pending Confidential
Treatment Request.

                                      170
<PAGE>

--------------------------------------------------------------------------------
        *          Loader Oper       Pt of Mtn      Union                 7/8/96
--------------------------------------------------------------------------------
        *          Driver            Pt of Mtn      Union                3/29/94
--------------------------------------------------------------------------------
        *          Driver            Pt of Mtn      Union                7/16/99
--------------------------------------------------------------------------------
        *          Driver            Pt of Mtn      Union                8/25/97
--------------------------------------------------------------------------------
        *          Loader Oper       Pt of Mtn      Union                9/12/00
--------------------------------------------------------------------------------
        *          Pit Oper          Pt of Mtn      Union                7/29/98
--------------------------------------------------------------------------------
        *          Driver            Pt of Mtn      Union                4/31/00
--------------------------------------------------------------------------------
        *          Driver            Pt of Mtn      Union                7/13/98
--------------------------------------------------------------------------------
        *          Driver            Pt of Mtn      Union                6/20/00
--------------------------------------------------------------------------------
        *          Driver            Pt of Mtn      Union               11/30/99
--------------------------------------------------------------------------------
        *          Driver            Pt of Mtn      Union                6/10/95
--------------------------------------------------------------------------------
        *          Driver            Pt of Mtn      Union                6/30/99
--------------------------------------------------------------------------------
        *          Driver            Pt of Mtn      Union                4/12/99
--------------------------------------------------------------------------------
        *          Pit Oper          Pt of Mtn      Union                 1/5/98
--------------------------------------------------------------------------------
        *          Driver            Pt of Mtn      Union                6/15/98

--------------------------------------------------------------------------------
        *          Driver            Beck Pit       Union                6/14/89
--------------------------------------------------------------------------------
        *          Driver            Beck Pit       Union                7/21/98
--------------------------------------------------------------------------------
        *          Pit Oper          Beck Pit       Union                6/15/00
--------------------------------------------------------------------------------
        *          Driver            Beck Pit       Union                3/22/99
--------------------------------------------------------------------------------
        *          Driver            Beck Pit       Union                6/15/98
--------------------------------------------------------------------------------
        *          Salary - Supv     Beck Pit       Non-Union        *   4/10/63
--------------------------------------------------------------------------------
        *          Driver            Beck Pit       Union                 6/1/79
--------------------------------------------------------------------------------
        *          Driver            Beck Pit       Union                1/28/00
--------------------------------------------------------------------------------
        *          Loader Oper       Beck Pit       Union                10/4/65
--------------------------------------------------------------------------------
        *          Dispatcher/Clerk  Beck Pit       Union                 5/9/83
--------------------------------------------------------------------------------
        *          Driver            Beck Pit       Union                7/28/90
--------------------------------------------------------------------------------
        *          Driver            Beck Pit       Union                4/12/99
--------------------------------------------------------------------------------
        *          Driver            Beck Pit       Union                6/29/00
--------------------------------------------------------------------------------
        *          R/M Supervisor    Beck Pit       Non-Union        *    7/1/96
--------------------------------------------------------------------------------
        *          Driver            Beck Pit       Union                 7/1/98
--------------------------------------------------------------------------------
        *          Driver            Beck Pit       Union                5/11/94
--------------------------------------------------------------------------------
        *          Driver            Beck Pit       Union                 9/1/71
--------------------------------------------------------------------------------
        *          Driver            Beck Pit       Union                7/17/95
--------------------------------------------------------------------------------
        *          Bulker Driver
                   (Cement)          Utah           Union                3/20/67
--------------------------------------------------------------------------------
        *          Driver            Beck Pit       Union                7/29/99
--------------------------------------------------------------------------------
        *          Pit Oper          Beck Pit       Union                2/23/98
--------------------------------------------------------------------------------

No Bacchus Plant Employees at this time

--------------------------------------------------------------------------------
        *          Salesman          Park City      Non-Union        *   3/29/96
--------------------------------------------------------------------------------
        *          Salesman          Heber          Non-Union        *   4/23/99
--------------------------------------------------------------------------------
        *          Mgr - Sales       Corp Ofc       Non-Union        *    5/5/00
--------------------------------------------------------------------------------

-----------------
*   Omissions denoted by the asterisk are confidential materials separately
    filed with the Securities and Exchange Commission under a pending
    Confidential Treatment Request.

                                      171
<PAGE>

--------------------------------------------------------------------------------
        *          Dispatch Manager  Corp Ofc      Non-Union      *       1/5/98
--------------------------------------------------------------------------------
        *          Dispatch          Corp Ofc      Non-Union      *      3/18/00
--------------------------------------------------------------------------------
        *          Dispatch          Corp Ofc      Non-Union      *      7/23/97
--------------------------------------------------------------------------------
        *          Receptionist      Corp Ofc      Non-Union      *      3/14/00
--------------------------------------------------------------------------------
        *          Admin Asst        Corp Ofc      Non-Union      *      9/21/00
--------------------------------------------------------------------------------
        *          Salesman          Corp Ofc      Non-Union      *      8/22/63
--------------------------------------------------------------------------------

-----------------
*   Omissions denoted by the asterisk are confidential materials separately
    filed with the Securities and Exchange Commission under a pending
    Confidential Treatment Request.

                                      172
<PAGE>

                              VALLEY ASPHALT, INC.
--------------------------------------------------------------------------------
                                                              SALARY/
                        JOB                         UNION     HOURLY       HIRE
      NAME             TITLE      LOCATION         STATUS      RATE        DATE
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       8/18/99
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       4/18/96
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *        6/2/98
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *        8/3/98
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       7/16/96
--------------------------------------------------------------------------------
        *          Manager        Spanish Fork    Non-Union      *       10/1/00
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       7/19/80
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *        5/8/96
--------------------------------------------------------------------------------
        *          Manager        Spanish Fork    Non-Union      *       5/15/97
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *        5/5/99
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *        5/2/00
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       1/19/96
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       7/27/98
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       5/10/00
-------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       2/10/98
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       11/8/96
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       2/16/00
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       4/11/96
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       6/13/97
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *        6/7/99
--------------------------------------------------------------------------------

-----------------
*   Omissions denoted by the asterisk are confidential materials separately
    filed with the Securities and Exchange Commission under a pending
    Confidential Treatment Request.

                                      173
<PAGE>

--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       2/16/98
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       3/24/95
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *        7/2/99
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       2/28/95
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       6/24/99
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *        6/3/00
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       4/10/00
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *        7/6/99
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       8/14/95
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       4/19/99
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       12/2/98
--------------------------------------------------------------------------------
        *          Manager        Spanish Fork    Non-Union      *        1/1/82
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       3/12/98
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *      11/30/98
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       7/23/98
--------------------------------------------------------------------------------
        *          Driver         Spanish Fork    Non-Union      *       11/8/96
--------------------------------------------------------------------------------

-----------------
*   Omissions denoted by the asterisk are confidential materials separately
    filed with the Securities and Exchange Commission under a pending
    Confidential Treatment Request.

                                      174
<PAGE>

                       SCHEDULE 4.10.1 MATERIAL CONTRACTS

1.   Those Contracts to be assumed by Staker and Parson listed on SCHEDULE
     1.1(e)(i) and SCHEDULE 1.1(e)(ii).

2.   Those property leases to be assumed by Staker and Parson listed on SCHEDULE
     1.4(b)(i) and SCHEDULE 1.4(b)(ii).

3.   Those Contracts listed on SCHEDULE 4.8.7.

                                      175
<PAGE>

                       SCHEDULE 4.11.1 HAZARDOUS MATERIALS

Any items listed in the  Environmental  Site Assessments  prepared by RETECH are
incorporated herein by reference including the following:

          POINT OF THE MOUNTAIN

          Electrical equipment on the property, such as transformers, capacitors
and ballasts manufactured before 1979 and hydraulic fluids and other lubricants
may contain PCBs.

          Minor soil stainage due to improper spillage containment in the waste
storage area.

          1730 BECK STREET

          Some stained soil at the site.

          One transformer with a sticker indicating that it contains PCBs.

          Some contamination discovered under workshop following permitted
removal of UST.

          Monitoring wells installed in connection with minor fuel spill.

          PARK CITY

          Some stained soil.

          HEBER CITY

          Some stained soil.

          BACCHUS PIT #2

          None

          LEHI

          None

          LELAND YARD

          Some minor soil staining.

          Some AST's without secondary containment structures.

          Some motor oil and waste oil containers without containment structures
and uncontrolled shop drain discharges.

          FALCON RIDGE QUARRY

                                      176
<PAGE>

          Minor soil staining.

          GEODYNE HOT PLANT

          Minor soil staining.

          Transformers on the site possibly containing PCBs.

                                      177
<PAGE>

                   SCHEDULE 4.11.2 ENVIRONMENTAL REQUIREMENTS

See SCHEDULES 4.5.3,  4.6.1.6, 4.11.1, 4.11.3, 4.11.4, 4.13

                                      178
<PAGE>

                      SCHEDULE 4.11.3 NOTICE OF VIOLATIONS

Any items listed in the  Environmental  Site Assessments  prepared by RETECH and
the following notices,  all of which have been resolved without any liability to
the Buyers:

SITE 26- 1616 NORTH BECK STREET (GEODYNE HOT PLANT)

DAQC-1495-2000 Notice of Violation and Order for Compliance dated 11/13/00.

SITE 32- 1730 BECK STREET

1.  DAQC 607-2000 Notice of Violation (fugitive dust) dated 5/15/00.

2.  See attached list of MSHA mine violations.

SITE 47 POINT OF THE MOUNTAIN

DAQC  1078-97  Notice  of  Violation  and Order  for  Compliance  (State of Utah
Department of Environmental Quality, Division of Air Quality)

Utah Air Quality Board Notice of Violation and Order for Compliance No. 97070038
dated August 7, 1997

January 7, 1998  letter from Monroc to Utah Air  Quality  Board  concerning  the
basis for civil penalty resulting from Notice of Violation

DAQC 841-2000 Notice of Violation dated 6/26/00.

7/11/97 Notice of Violation related to emissions observations.

DAQC-2084-96 Revised Settlement Agreement dated December 10, 1996 to resolve air
violations dated August 25, 1996 and October 1, 1996.

SITE 25 FALCON RIDGE QUARRY

See attached list of MSHA mine violations.

                                      179
<PAGE>

Attachments to Schedule 4.11.3 - Notice of Violations

                                      180
<PAGE>

                                 MINE VIOLATIONS
Mine ID:         4200410                         Mine Name:       NSL PIT

Operator:        MONROC INC                      Ownership Date:  1/1/95

Parent Company:  US AGGREGATE INC                Status Date:     3/15/99

Mine Status:     Active                          Type of Mine:    Strip/Open Pit

Mined Material:  Construction Sand & Gravel
                 Mining, N.E.C.

State:           UT

From:            03-22-1996 to 3/22/01

Assessment  data is not yet complete prior to 10/1/1994.

These, and violations not yet assessed, are marked by n/a.

Standards may contain leading zeros after the port, e.g.  75.00321 relates to 30

CFR 75.321

                              CITATIONS AND ORDERS
                     Mine ID: 4200410 Operator: MONROC INC.

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------

Contractor    Citation/     Date      Type of    Citation/    S S S    Standard     Proposed       Current/Final       Amount Paid
   ID         Order No.    Issued      Action      Order                            Penalty ($)      Penalty ($)        to Date ($)
-----------------------------------------------------------------------------------------------------------------------------------
<S>            <C>         <C>          <C>          <C>        <C>    <C>            <C>                <C>              <C>
               7909420     3/10/00      104A         C          N      56.13015A       55.00              55.00            55.00
-----------------------------------------------------------------------------------------------------------------------------------
               7909418     3/9/00       104A         C          N      56.14132A       55.00              55.00            55.00
-----------------------------------------------------------------------------------------------------------------------------------
               7909419     3/9/00       104A         C          Y      56.14132A      294.00             294.00           294.00
-----------------------------------------------------------------------------------------------------------------------------------
    YPJ        7909421     3/9/00       104A         C          N      56.14132A       55.00              55.00            55.00
-----------------------------------------------------------------------------------------------------------------------------------
    YPJ        7909422     3/9/00       104A         C          N       56.14103       55.00              55.00            55.00
-----------------------------------------------------------------------------------------------------------------------------------
               7908239     3/12/99      104A         C          N      56.14132A       55.00              55.00            55.00
-----------------------------------------------------------------------------------------------------------------------------------
               7908240     3/12/99      104A         C          N      56.14107A       55.00              55.00            55.00
-----------------------------------------------------------------------------------------------------------------------------------
               7908233     3/11/99      104A         C          Y       56.12016      224.00             224.00           224.00
-----------------------------------------------------------------------------------------------------------------------------------
               7908234     3/11/99      104A         C          N      56.14132A       55.00              55.00            55.00
-----------------------------------------------------------------------------------------------------------------------------------
               7908235     3/11/99      104A         C          Y       56.03131      207.00             207.00           207.00
-----------------------------------------------------------------------------------------------------------------------------------
               7906236     3/11/99      104A         C          Y      56.14107A      184.00             184.00           184.00
-----------------------------------------------------------------------------------------------------------------------------------
               7906237     3/11/99      104A         C          Y      56.14107A      184.00             184.00           184.00
-----------------------------------------------------------------------------------------------------------------------------------
               7906238     3/11/99      104A         C          N      56.14132A       55.00              55.00            55.00
-----------------------------------------------------------------------------------------------------------------------------------
               7907634     8/12/98      104A         C          Y       56.11001      140.00             140.00           140.00
-----------------------------------------------------------------------------------------------------------------------------------
               7907827     8/11/98      104A         C          Y      56.14130G      140.00             140.00           140.00
-----------------------------------------------------------------------------------------------------------------------------------
               7907828     8/11/98      104A         C          N       56.12032       55.00              55.00            55.00
-----------------------------------------------------------------------------------------------------------------------------------
               7907829     8/11/98      104A         C          Y      56.20003A       83.00              83.00            83.00
-----------------------------------------------------------------------------------------------------------------------------------
               7907830     8/11/98      104A         C          Y      56.18002A      140.00             140.00           140.00
-----------------------------------------------------------------------------------------------------------------------------------
               7907831     8/11/96      104A         C          N       56.16005       55.00              55.00            55.00
-----------------------------------------------------------------------------------------------------------------------------------
               7907832     8/11/98      104A         C          N      56.14107A       55.00              55.00            55.00
-----------------------------------------------------------------------------------------------------------------------------------
               7907833     8/11/98      104A         C          N      56.14107A       55.00              55.00            55.00
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                      181
<PAGE>

                                 MINE VIOLATIONS

Mine ID:         4201874                     Mine Name:      FALCON RIDGE QUARRY

Operator:        GEODYNE BECK ROCK PRODUCTS  Ownership Date: 2/20/98

Parent Company:  US AGGREGATE INC            Status Date:    4/8/98

Mine Status:     Active                      Type of Mine:   Strip/Open Pit

Mined Material:  Construction Sand &
                 Gravel Mining, N.E.C.

State:           UT

From: 03-22-1996 to 3/27/01

Assessment  data is not yet complete prior to 10/1/1994.

These, and violations not yet assessed, are marked by n/a.

Standards may contain leading zeros after the port, e.g.  75.00321 relates to 30
CFR 75.321

                              CITATIONS AND ORDERS
              Mine ID: 4201874 Operator: GEODYNE BECK ROCK PRODUCTS
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------

Contractor    Citation/     Date      Type of    Citation/    S S S    Standard     Proposed       Current/Final       Amount Paid
   ID         Order No.    Issued      Action      Order                            Penalty ($)      Penalty ($)        to Date ($)
-----------------------------------------------------------------------------------------------------------------------------------
<S>            <C>         <C>          <C>          <C>        <C>    <C>            <C>               <C>              <C>
               7909926      8/15/00     104A         C          N       50.30000A      55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
               7909323      7/5/00      104A         C          Y       56.05001A       0.00              0.00             0.00
------------------------------------------------------------------------------------------------------------------------------------
               7906980      4/6/00      104A         C          N       50.20000A      55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
               7906981      4/5/00      104A         C          N       50.20000A      55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
    SLY        7906968      4/3/00      104A         C          Y       56.15003       69.00             69.00            69.00
------------------------------------------------------------------------------------------------------------------------------------
               7908969      4/3/00      104A         C          N       56.14100B      55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
               7908970      4/3/00      104A         C          N       56.14132A      55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
               7908971      4/3/00      104A         C          Y       55.09301      207.00            207.00           207.00
------------------------------------------------------------------------------------------------------------------------------------
               7908972      4/3/00      104A         C          N       56.141128      55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
               7908973      4/3/00      104A         C          N       56.14107A      55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
               7908974      4/3/00      104A         C          N       56.12018       55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
               7908975      4/3/00      104A         C          N       56.04601       55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
               7908976      4/3/00      104A         C          N       56.14132A      55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
               7908977      4/3/00      104A         C          N      55.14101A2      55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
               7908978      4/3/00      104A         C          Y       56.141038     207.00            207.00           207.00
------------------------------------------------------------------------------------------------------------------------------------
               7908979      4/3/00      104A         C          Y       56.14100D     207.00            207.00           207.00
------------------------------------------------------------------------------------------------------------------------------------
               7908862     10/21/99     104A         C          Y       56.14107A     207.00            207.00           207.00
------------------------------------------------------------------------------------------------------------------------------------
               7908863     10/21/99     104A         C          Y       56.14107A     207.00            207.00           207.00
------------------------------------------------------------------------------------------------------------------------------------
               7908864     10/21/99     104A         C          Y       56.14107A     207.00            207.00           207.00
------------------------------------------------------------------------------------------------------------------------------------
               7908865     10/21/99     104A         C          Y       56.141301     259.00            259.00           259.00
------------------------------------------------------------------------------------------------------------------------------------
               7908866     10/21/99     104A         C          Y       56.14100D     259.00            259.00           259.00
------------------------------------------------------------------------------------------------------------------------------------
               7905867     10/21/99     104A         C          N       55.04803B      55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
               7908868     10/21/99     104A         C          N       56.12028       55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
    SLY        7908869     10/21/99     104A         C          N      56.14101A2      55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
    SLY        7908870     10/21/99     104A         C          N      56.06132A11     55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
    SLY        7906871     10/21/98     104A         C          N       56.14132A      55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
    SLY        7908872     10/21/98     104A         C          Y       56.14100A     122.00            122.00           122.00
------------------------------------------------------------------------------------------------------------------------------------
               7906873     10/21/98     104A         C          Y       56,03130      277.00            277.00           277.00
------------------------------------------------------------------------------------------------------------------------------------
               7308252      4/5/99      104A         C          N       56.11027       55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
               7908263      4/5/99      104A         C          N      50.300000A      55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                      182
<PAGE>

                              CITATIONS AND ORDERS
              Mine ID: 4201874 Operator: GEODYNE BECK ROCK PRODUCTS
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------

Contractor    Citation/     Date      Type of    Citation/    S S S    Standard     Proposed       Current/Final       Amount Paid
   ID         Order No.    Issued      Action      Order                            Penalty ($)      Penalty ($)        to Date ($)
-----------------------------------------------------------------------------------------------------------------------------------
<S>            <C>         <C>          <C>          <C>        <C>    <C>            <C>               <C>              <C>
               7311178     1/21/99      104A         C          N      50.200000A      55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
               7911169     1/20/99      104A         C          N      58.14101A2      55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
               7911170     1/20/99      104A         C          Y       58.14131B     224.00            224.00           224.00
------------------------------------------------------------------------------------------------------------------------------------
               7911171     1/20/99      104A         C          N       58.13015A      55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
               7911172     1/20/99      104A         C          Y       58.14130G     224.00            224.00           224.00
------------------------------------------------------------------------------------------------------------------------------------
               7911173     1/20/99      104A         C          N      58.14101A2      55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
               7911174     1/30/99      104A         C          N       56.04402       55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
               7911175     1/20/99      104A         C          N       55.13010       55.00             55.00            55.00
------------------------------------------------------------------------------------------------------------------------------------
    SLY        4662821      5/1/98      107A         C          Y       58.06108C     210.00            210.00           210.00
------------------------------------------------------------------------------------------------------------------------------------
    SLY        7807410      6/1/98      104A         C          Y        58.029        88.00             88.00            88.00
------------------------------------------------------------------------------------------------------------------------------------
    SLY        7907411      6/1/98      104A         C          Y       58.08201      111.00            111.00           111.00
------------------------------------------------------------------------------------------------------------------------------------
    SLY        7907412      6/1/98      104A         C          N       55.08202A      80.00             80.00            80.00
------------------------------------------------------------------------------------------------------------------------------------
    SLY        7907413      6/1/98      104A         C          Y       86.08202A     111.00            111.00           111.00
------------------------------------------------------------------------------------------------------------------------------------
    SLY        7907414      6/1/98      104A         C          Y       88.082028     111.00            111.00           111.00
------------------------------------------------------------------------------------------------------------------------------------
    SLY        7907415      6/1/98      104A         C          Y       55.15003       60.00             60.00            60.00
------------------------------------------------------------------------------------------------------------------------------------
    SLY        7907416      6/1/98      104A         C          N       66.15002       50.00             50.00            50.00
------------------------------------------------------------------------------------------------------------------------------------
               4662380     5/28/98      104B         C          Y      55.14101A2       0.00              0.00             0.00
------------------------------------------------------------------------------------------------------------------------------------
               7906529      4/6/98      104A         C          N       68.108008      50.00             50.00            50.00
------------------------------------------------------------------------------------------------------------------------------------
               7906530      4/6/98      104A         C          Y       66.14132A      94.00             94.00            94.00
------------------------------------------------------------------------------------------------------------------------------------
               7906531      4/6/98      104A         C          Y      56.14101A2     270.00            270.00           270.00
------------------------------------------------------------------------------------------------------------------------------------
               7906532      4/6/98      104A         C          Y       58.14100A      94.00             94.00            94.00
------------------------------------------------------------------------------------------------------------------------------------
               7906593      4/6/98      104A         C          N      66.14101A2      50.00             50.00            50.00
------------------------------------------------------------------------------------------------------------------------------------
               7906634      4/6/98      104A         C          Y       58.14132A     119.00            119.00           119.00
------------------------------------------------------------------------------------------------------------------------------------
               7906535      4/6/98      104A         C          N       58.12018       50.00             50.00            50.00
------------------------------------------------------------------------------------------------------------------------------------
               7906636      4/6/98      104A         C          N       41.12000       50.00             50.00            50.00
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                      183
<PAGE>

                 SCHEDULE 4.11.4 POTENTIALLY RESPONSIBLE PARTIES

                                      NONE

                                      184

<PAGE>

                       SCHEDULE 4.13 REGULATORY APPROVALS

1.   All air permits and other permits issued by the Utah  Department of Natural
     Resources must be transferred.

2.   Business licenses are not transferable.

3.   Hazardous material generator id numbers will have to be acquired

4.   Blasting license are not transferable.

5.   Consents are required for transfer of water rights.

6.   All  Conditional  Use  Permits  listed on SCHEDULE  4.5.3 are  incorporated
     herein by reference.

                                      185

<PAGE>

                             SCHEDULE 4.14 INVENTORY

See attached inventory summaries.

                                      186

<PAGE>

                      TRI-STATE TESTING LABORATORIES, INC.

                           INVENTORY / SURVEY SUMMARY
-------------------------------------------------------------------------------
CLIENT:        GEODYNE                  DATE:                   01/16/01
PIT LOCATION:  FALCON RIDGE SLC, UTAH   SURVEYED BY:            DOUG
-------------------------------------------------------------------------------
    STOCK-PILE                 PRODUCT TYPE / SOURCE:        TONS IN STOCKPILE:
-------------------------------------------------------------------------------
               FALCON RIDGE COMMERCIAL ROAD BASE (PILE 1)        171788.389
-------------------------------------------------------------------------------
               FALCON RIDGE COMMERCIAL ROAD BASE (PILE 2)          9529.478
-------------------------------------------------------------------------------
               FALCON RIDGE UDOT ROAD BASE                        11325.750
-------------------------------------------------------------------------------
               FALCON RIDGE 1/2" ROCK                              5114.562
-------------------------------------------------------------------------------
               FALCON RIDGE PLANT MIX                              3476.537
-------------------------------------------------------------------------------
               TOTAL TONS OF MATERIAL IN PILES SURVEYED AT PIT:  201234.716
-------------------------------------------------------------------------------
REMARKS:
-------------------------------------------------------------------------------

                                      187

<PAGE>

                                  Frcomrb1.txt

                                 Volume Analysis
                           LI Contour V+ v5.1 #5.IN901
                               southern ready mix

                      Date: January 16, 2001 Time: 11:59am
                                File: FRCM1A.MDL

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

EXISTING
     Filename: FRCM1A.MDL

PROPOSED
     Filename: FRCM1.MDL

TotalField Area  (acres) = 2.611
  Cut Area  (acres) = 0.019
  Fill Area (acres) = 2.592

Total Cut Volume (cu. yards) = 10.647
     Fill Volume (cu. yards) = 123922.326

Ratio of Cut/Fill = 0.000

Location of: Max Cut = 2.202 Max Fill = 78.243
             Y= 244.508    Y= 217.838
             X= 215.707    X=  24.961

                                      188

<PAGE>

                                [GRAPHIC OMITTED]

                                      189

<PAGE>

                      TRI-STATE TESTING. LABORATORIES, INC.

                            INVENTORY/ SURVEY REPORT
-------------------------------------------------------------------------------
CLIENT:                FALCON RIDGE               JOB #:
-------------------------------------------------------------------------------
PROJECT:               INVENTORY                  DATE:         01/15/01
-------------------------------------------------------------------------------
PIT LOCATION:          SLC, UTAH                  SURVEYED BY:   DOUG
-------------------------------------------------------------------------------
STOCKPILE LOCATION:
-------------------------------------------------------------------------------
PRODUCT:               FALCON RIDGE COMM. RB (2)  STOCKPILE:
-------------------------------------------------------------------------------

-------------------------------------------------------------------------------
A   IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3)  102.677        ASTM C29
-------------------------------------------------------------------------------
B   UNIT WEIGHT OF PRODUCT, TONS/YD(3)             1.386      (A*27/2000)
-------------------------------------------------------------------------------
C   CUT VOLUME OF STOCKPILE, YD(3)                 2.826      FROM SURVEY
-------------------------------------------------------------------------------
D   FILL VOLUME OF STOCKPILE, YD(3)             6872.007      FROM SURVEY
-------------------------------------------------------------------------------
E   TOTAL VOLUME OF STOCKPILE, YD(3)            6874.833         (C+D)
-------------------------------------------------------------------------------
F   TOTAL PRODUCT IN STOCKPILE, TONS            9529.478         (E*B)
--- ---------------------------------------------------------------------------

REMARKS:

                                      190

<PAGE>

                                 Volume Analysis
                           LI Contour V+ v5.1 #5.IN901
                               southern ready mix

                      Date: January 16, 2001 Time: 12:04pm
                               File: FRCMRB2Z.MDL

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

EXISTING
     Filename: FRCMRB2Z.MDL

PROPOSED
     Filename: FRCOMRB2.MDL

Total Field Area  (acres) = 0.387
   Cut Area  (acres) = 0.007
   Fill Area (acres) = 0.380

Total Cut Volume (cu. yards) = 2.826
     Fill Volume (cu. yards) = 6872.007

Ratio of Cut/Fill = 0.000

Location of: Max Cut = 0.825 Max Fill = 25.712
    Y= -57.487    Y= -102.420
    X= -27.914    X=  -75.407

                                      191

<PAGE>

                                [GRAPHIC OMITTED]

                                      192

<PAGE>

                      TRI-STATE TESTING. LABORATORIES, INC.

                            INVENTORY/ SURVEY REPORT
-------------------------------------------------------------------------------
CLIENT:                   FALCON RIDGE     JOB #:
-------------------------------------------------------------------------------
PROJECT:                  INVENTORY               DATE:            01/15/01
-------------------------------------------------------------------------------
PIT LOCATION:             SLC, UTAH               SURVEYED BY:     DOUG
-------------------------------------------------------------------------------
STOCKPILE LOCATION:
-------------------------------------------------------------------------------
PRODUCT:                  FALCON RIDGE UDOT RB    STOCKPILE:
-------------------------------------------------------------------------------

-------------------------------------------------------------------------------
A  IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3)      109.039        ASTM C29
-------------------------------------------------------------------------------
B  UNIT WEIGHT OF PRODUCT, TONS/YD(3)                  1.472      (A*27/2000)
-------------------------------------------------------------------------------
C  CUT VOLUME OF STOCKPILE, YD(3)                      1.361      FROM SURVEY
-------------------------------------------------------------------------------
D  FILL VOLUME OF STOCKPILE, YD(3)                 7692.624      FROM SURVEY
-------------------------------------------------------------------------------
E  TOTAL VOLUME OF STOCKPILE, YD(3)                7693.985         (C+D)
-------------------------------------------------------------------------------
F  TOTAL PRODUCT IN STOCKPILE, TONS               11325.750         (E*B)
-------------------------------------------------------------------------------

REMARKS:

                                      193

<PAGE>

                                  Frudotrb.txt

                                 Volume Analysis
                           LI Contour V+ v5.1 #5.IN901
                               southern ready mix

                      Date: January 16, 2001 Time: 12:06pm
                               File: FRDOTRBZ.MDL

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

EXISTING
     Filename: FRDOTRBZ.MDL

PROPOSED
     Filename: FRUDOTRB.MDL

TotalField Area  (acres) = 0.369
  Cut Area  (acres) = 0.005
  Fill Area (acres) = 0.364

Total Cut Volume (cu. yards) = 1.361
     Fill Volume (cu. yards) = 7692.624

Ratio of Cut/Fill = 0.000

Location of: Max Cut = 0.672
             Max Fill = 35.517

     Y=  31.138   Y=   57.157
     X= -63.696   X= -118.124

                                      194

<PAGE>

                                [GRAPHIC OMITTED]

                                      195

<PAGE>

                      TRI-STATE TESTING. LABORATORIES, INC.

                            INVENTORY/ SURVEY REPORT

-------------------------------------------------------------------------------
CLIENT:               FALCON RIDGE              JOB #:
-------------------------------------------------------------------------------
PROJECT:              INVENTORY                 DATE:             12/20/00
-------------------------------------------------------------------------------
PIT LOCATION:         SLC, UTAH                 SURVEYED BY:      DOUG
-------------------------------------------------------------------------------
STOCKPILE LOCATION:
-------------------------------------------------------------------------------
PRODUCT:              FALCON RIDGE 1/2" ROCK      STOCKPILE:
-------------------------------------------------------------------------------
A  IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3)        91.398        ASTM C29
--------------------------------------------------------------------------------
B  UNIT WEIGHT OF PRODUCT, TONS/YD(3)                  1.234      (A*27/2000)
--------------------------------------------------------------------------------
C  CUT VOLUME OF STOCKPILE, YD(3)                      2.730      FROM SURVEY
--------------------------------------------------------------------------------
D  FILL VOLUME OF STOCKPILE, YD(3)                  4142.398      FROM SURVEY
--------------------------------------------------------------------------------
E  TOTAL VOLUME OF STOCKPILE, YD(3)                 4145.128         (C+D)
--------------------------------------------------------------------------------
F  TOTAL PRODUCT IN STOCKPILE, TONS                 5114.562         (E*B)
--------------------------------------------------------------------------------

REMARKS:

                                      196

<PAGE>

                                    Fal12.txt

                                 Volume Analysis
                           LI Contour V+ v5.1 #5.IN901
                               southern ready mix

                      Date: December 20, 2000 Time: 4:16pm
                                File: FAL12Z.MDL

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

EXISTING
     Filename: FAL12Z.MDL

PROPOSED
     Filename: FAL12.MDL

Total Field Area  (acres) = 0.238
   Cut Area   (acres) =  0.007
   Fill Area  (acres) = 0.231

Total Cut Volume (cu. yards) = 2.730
     Fill Volume (cu. yards) = 4142.398

Ratio of Cut/Fill = 0.001

Location of: Max Cut = 0.902 Max Fill = 30.773

      Y= -9.660    Y= -48.722
      X= 90.306    X= 104.601

                                      197

<PAGE>

                                [GRAPHIC OMITTED]

                                      198

<PAGE>

                      TRI-STATE TESTING. LABORATORIES, INC.

                            INVENTORY/ SURVEY REPORT
-------------------------------------------------------------------------------
CLIENT:                    FALCON RIDGE      JOB #:
-------------------------------------------------------------------------------
PROJECT:                   INVENTORY         DATE:                 01/15/01
-------------------------------------------------------------------------------
PIT LOCATION:              SLC, UTAH         SURVEYED BY:          DOUG
-------------------------------------------------------------------------------
STOCKPILE LOCATION:
-------------------------------------------------------------------------------
PRODUCT:                   FALCON RIDGE PLANT MIX      STOCKPILE:
-------------------------------------------------------------------------------

--------------------------------------------------------------------------------
A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3)   99.970            ASTM C29
--------------------------------------------------------------------------------
B UNIT WEIGHT OF PRODUCT, TONS/YD(3)             1.349          (A*27/2000)
--------------------------------------------------------------------------------
C CUT VOLUME OF STOCKPILE, YD(3)                 0.560          FROM SURVEY
--------------------------------------------------------------------------------
D FILL VOLUME OF STOCKPILE, YD(3)             2585.683          FROM SURVEY
--------------------------------------------------------------------------------
E TOTAL VOLUME OF STOCKPILE, YD(3)            2576.243             (C+D)
--------------------------------------------------------------------------------
F TOTAL PRODUCT IN STOCKPILE, TONS            3476.537             (E*B)
--------------------------------------------------------------------------------

REMARKS:

                                      199

<PAGE>

                                    Frcf.txt

                                 Volume Analysis
                           LI Contour V+ v5.1 #5.IN901
                               southern ready mix

                      Date: January 16, 2001 Time: 12:02pm
                                 File: FRCFZ.MDL

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

EXISTING
     Filename: FRCFZ.MDL

PROPOSED
     Filename: FRCF.MDL

Total Field Area  (acres) = 0.171
   Cut Area  (acres) =  0.003
   Fill Area  (acres) = 0.168

Total Cut Volume (cu. yards) = 0.560
     Fill Volume (cu. yards) = 2575.683

Ratio of Cut/Fill = 0.000

Location of: Max Cut = 0.383 Max Fill = 29.514
    Y= 59.563    Y= 99.132
    X= -5.106    X=-18.703

                                      200

<PAGE>

                                [GRAPHIC OMITTED]

                                      201

<PAGE>

                      TRI-STATE TESTING LABORATORIES, INC.

                           INVENTORY / SURVEY SUMMARY
------------------------------------------------------------------------------
CLIENT:           FALCON RIDGE                       DATE:
------------------------------------------------------------------------------
PIT LOCATION:   GEODYNE HOT PANT-SLC, UTAH           SURVEYED BY: D.C./K.A.
------------------------------------------------------------------------------
    STOCKPILE   PRODUCT TYPE / SOURCE:                 TONS IN STOCKPILE:
------------------------------------------------------------------------------
                FALCON RIDGE 3/4" ROCK                      3736.878
-------------------------------------------------------------------------------
                FALCON RIDGE 1/2" ROCK                      7996.878
-------------------------------------------------------------------------------
                FALCON RIDGE PLANT MIX                     47407.819
-------------------------------------------------------------------------------
                UNPROCESSED RAP                            49455.115
-------------------------------------------------------------------------------
                WASHED SAND                                  428.286
-------------------------------------------------------------------------------
                PROCESSED FINE RAP                          3045.355
-------------------------------------------------------------------------------
      TOTAL TONS OF MATERIAL IN PILES SURVEYED AT PIT:    112070.331
-------------------------------------------------------------------------------
REMARKS:
-------------------------------------------------------------------------------

                                      202

<PAGE>

                      TRI-STATE TESTING. LABORATORIES, INC.

                            INVENTORY/ SURVEY REPORT

-------------------------------------------------------------------------------
CLIENT:               GEODYNE                       JOB #:
-------------------------------------------------------------------------------
PROJECT:              INVENTORY                     DATE:             02/20/00
-------------------------------------------------------------------------------
PIT LOCATION:       SLC, UTAH                       SURVEYED BY:        DOUG
-------------------------------------------------------------------------------
STOCKPILE LOCATION: GEODYNE HOT PLANT
-------------------------------------------------------------------------------
PRODUCT:            FALCON RIDGE 3/4" ROCK          STOCKPILE:
-------------------------------------------------------------------------------
A   IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3)         92.638        ASTM C29
-------------------------------------------------------------------------------
B   UNIT WEIGHT OF PRODUCT, TONS/YD(3)                   1.251      (A*27/2000)
--------------------------------------------------------------------------------
C   CUT VOLUME OF STOCKPILE, YD(3)                       0.202      FROM SURVEY
--------------------------------------------------------------------------------
D   FILL VOLUME OF STOCKPILE, YD(3)                   2987.835      FROM SURVEY
--------------------------------------------------------------------------------
E   TOTAL VOLUME OF STOCKPILE, YD(3)                  2988.037         (C+D)
--------------------------------------------------------------------------------
F   TOTAL PRODUCT IN STOCKPILE, TONS                  3736.878         (E*B)
--------------------------------------------------------------------------------

REMARKS:

                                      203

<PAGE>

                                    Geo12.txt

                                 Volume Analysis
                           LI Contour V+ v5.1 #5.IN901
                               southern ready mix

                       Date: January 9, 2001 Time: 11:11am
                                File: GEO12Z.MDL

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

EXISTING
     Filename: GEO12Z.MDL

PROPOSED
     Filename: GEO12.MDL

Total Field Area  (acres) = 0.318
   Cut Area  (acres) = 0.001
   Fill Area (acres) = 0.317

Total Cut Volume (cu. yards) = 0.202
     Fill Volume (cu. yards) = 2987.835

Ratio of Cut/Fill = 0.000

Location of: Max Cut = 0.334 Max Fill = 11.330

     Y=    68.049     Y=  101.362
     X=  -136.772     X= -165.679

                                      204

<PAGE>

                                [GRAPHIC OMITTED]

                                      205

<PAGE>

                                    Geopm.txt

                                 Volume Analysis
                           LI Contour V+ v5.1 #5.IN901
                               southern ready mix

                       Date: January 9, 2001 Time: 11:30am
                                File: GEOPMZ.MDL

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

EXISTING
     Filename: GEOPMZ.MDL

PROPOSED
     Filename: GEOPM.MDL

Total Field Area  (acres) = 0.621
Cut Area  (acres) = 0.005
Fill Area  (acres) =        0.616

Total Cut Volume (cu. yards) = 1.177
     Fill Volume (cu. yards) = 6479.942

Ratio of Cut/Fill = 0.000

Location of: Max Cut = 0.468 Max Fill = 14.064

    Y=  20.690       Y=  187.431
    X= -64.042       X= -175.423

                                      206

<PAGE>

                                [GRAPHIC OMITTED]

                                      207

<PAGE>

                      TRI-STATE TESTING. LABORATORIES, INC.

                            INVENTORY/ SURVEY REPORT

-------------------------------------------------------------------------------
CLIENT:              GEODYNE                  JOB #:
-------------------------------------------------------------------------------
PROJECT:             INVENTORY                DATE:                01/16/01
-------------------------------------------------------------------------------
PIT LOCATION:        SLC, UTAH                SURVEYED BY:           DOUG
-------------------------------------------------------------------------------
STOCKPILE LOCATION:  GEODYNE HOT PLANT
-------------------------------------------------------------------------------
PRODUCT:             FALCON RIDGE PLANT MIX   STOCKPILE:
-------------------------------------------------------------------------------
A      IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3)        99.960     ASTM C29
-------------------------------------------------------------------------------
B      UNIT WEIGHT OF PRODUCT, TONS/YD(3)                  1.349   (A*27/2000)
-------------------------------------------------------------------------------
C      CUT VOLUME OF STOCKPILE, YD(3)                      1.403   FROM SURVEY
-------------------------------------------------------------------------------
D      FILL VOLUME OF STOCKPILE, YD(3)                 35129.552   FROM SURVEY
-------------------------------------------------------------------------------
E      TOTAL VOLUME OF STOCKPILE, YD(3)                35130.955       (C+D)
-------------------------------------------------------------------------------
F      TOTAL PRODUCT IN STOCKPILE, TONS                47407.819       (E*B)
-------------------------------------------------------------------------------

REMARKS:

                                      208

<PAGE>

                                    Gbcr.txt

                                 Volume Analysis
                           LI Contour V+ v5.1 #5.IN901
                               southern ready mix

                      Date: January 16, 2001 Time: 12:23pm
                                 File: GBCRZ.MDL

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

EXISTING
     Filename: GBCRZ.MDL

PROPOSED
     Filename: GBCR.MDL

Total Field Area (acres) = 1.682
      Cut  Area  (acres) = 0.005
      Fill Area  (acres) = 1.677

Total Cut Volume (cu. yards) = 1.403
     Fill Volume (cu. yards) = 35129.552

Ratio of Cut/Fill = 0.000

Location of: Max Cut = 0.909 Max Fill = 24.377

Y= -32.832     Y= -192.721
X=  54.642     X=  329.518

                                      209

<PAGE>

                                [GRAPHIC OMITTED]

                                      210

<PAGE>

                      TRI-STATE TESTING. LABORATORIES, INC.

                            INVENTORY/ SURVEY REPORT

-------------------------------------------------------------------------------
CLIENT:              GEODYNE                  JOB #:
-------------------------------------------------------------------------------
PROJECT:             INVENTORY                DATE:                01/16/01
-------------------------------------------------------------------------------
PIT LOCATION:        SLC, UTAH                SURVEYED BY:           DOUG
-------------------------------------------------------------------------------
STOCKPILE LOCATION:  GEODYNE HOT PLANT
-------------------------------------------------------------------------------
PRODUCT:             UNPROCESSED RAP          STOCKPILE:
-------------------------------------------------------------------------------

-------------------------------------------------------------------------------
A     IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3)    113.784       ASTM C29
--------------------------------------------------------------------------------
B     UNIT WEIGHT OF PRODUCT, TONS/YD(3)               1.536      (A*27/2000)
--------------------------------------------------------------------------------
C     CUT VOLUME OF STOCKPILE, YD(3)                   4.976      FROM SURVEY
--------------------------------------------------------------------------------
D     FILL VOLUME OF STOCKPILE, YD(3)              32190.604      FROM SURVEY
--------------------------------------------------------------------------------
E     TOTAL VOLUME OF STOCKPILE, YD(3)             32195.580          (C+D)
--------------------------------------------------------------------------------
F     TOTAL PRODUCT IN STOCKPILE, TONS              49455.115         (E*B)
--------------------------------------------------------------------------------
REMARKS:

                                      211

<PAGE>

                                   Gbuprap.txt

                                 Volume Analysis
                           LI Contour V+ v5.1 #5.IN901
                               southern ready mix

                      Date: January 16, 2001 Time: 12:30pm
                               File: GBUPRAPZ.MDL

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

EXISTING
     Filename: GBUPRAPZ.MDL

PROPOSED
     Filename: GBUPRAP.MDL

Total Field Area  (acres) = 1.674
        Cut Area  (acres) = 0.007
       Fill Area  (acres) = 1.666

Total Cut Volume (cu. yards) = 4.976
     Fill Volume (cu. yards) = 32190.604

Ratio of Cut/Fill = 0.000

Location of: Max Cut = 3.097 Max Fill = 38.115

    Y=   168.596    Y= 155.118
    X=  -128.435    X=  13.845

                                      212

<PAGE>

                               [GRAPHIC OMITTED]

                                      213
<PAGE>

                      TRI-STATE TESTING. LABORATORIES, INC.

                            INVENTORY/ SURVEY REPORT

-------------------------------------------------------------------------------
CLIENT:               GEODYNE                 JOB #:
-------------------------------------------------------------------------------
PROJECT:              INVENTORY               DATE:             01/16/01
-------------------------------------------------------------------------------
PIT LOCATION:         SLC, UTAH               SURVEYED BY:      DOUG
-------------------------------------------------------------------------------
STOCKPILE LOCATION:   GEODYNE HOT PLANT
-------------------------------------------------------------------------------
PRODUCT:              WASHED SAND             STOCKPILE:
-------------------------------------------------------------------------------

A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3)     96.426        ASTM C29
-------------------------------------------------------------------------------
B UNIT WEIGHT OF PRODUCT, TONS/YD(3)               1.302      (A*27/2000)
-------------------------------------------------------------------------------
C CUT VOLUME OF STOCKPILE, YD(3)                   0.000      FROM SURVEY
-------------------------------------------------------------------------------
D FILL VOLUME OF STOCKPILE, YD(3)                329.008      FROM SURVEY
-------------------------------------------------------------------------------
E TOTAL VOLUME OF STOCKPILE, YD(3)               329.008         (C+D)
-------------------------------------------------------------------------------
F TOTAL PRODUCT IN STOCKPILE, TONS               428.286         (E*B)
-------------------------------------------------------------------------------

REMARKS:

                                      214

<PAGE>

                                    Gbws.txt

                                 Volume Analysis
                           LI Contour V+ v5.1 #5.IN901
                               southern ready mix

                      Date: January 16, 2001 Time: 12:48pm
                                 File: GBWSZ.MDL

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

EXISTING
     Filename: GBWSZ.MDL

PROPOSED
     Filename: GBWS.MDL

Total Field Area  (acres) = 0.048
        Cut Area  (acres) = 0.000
       Fill Area  (acres) = 0.048

Total Cut Volume (cu. yards) = 0.000
     Fill Volume (cu. yards) = 329.008

Ratio of Cut/Fill = N/A

Location of: Max Cut = N/A  Max Fill = 11.316
            Y= N/A      Y=  45.422
            X= N/A      X= -60.754

                                      215

<PAGE>

                                [GRAPHIC OMITTED]

                                      216

<PAGE>

                      TRI-STATE TESTING. LABORATORIES, INC.

                            INVENTORY/ SURVEY REPORT
-------------------------------------------------------------------------------
CLIENT:             GEODYNE                   JOB #:
--------------------------------------------------------------------------------
PROJECT:            INVENTORY                 DATE:              12/20/00
--------------------------------------------------------------------------------
PIT LOCATION:       SLC, UTAH                 SURVEYED BY:       DOUG
--------------------------------------------------------------------------------
STOCKPILE LOCATION: GEODYNE HOT PLANT
--------------------------------------------------------------------------------
PRODUCT:            PROCESSED FINE RAP        STOCKPILE:
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
A   IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3)   102.254        ASTM C29
--------------------------------------------------------------------------------
B   UNIT WEIGHT OF PRODUCT, TONS/YD(3)              1.380      (A*27/2000)
--------------------------------------------------------------------------------
C   CUT VOLUME OF STOCKPILE, YD(3)                  0.000      FROM SURVEY
--------------------------------------------------------------------------------
D   FILL VOLUME OF STOCKPILE, YD(3)              2206.093      FROM SURVEY
--------------------------------------------------------------------------------
E   TOTAL VOLUME OF STOCKPILE, YD(3)             2206.093         (C+D)
--------------------------------------------------------------------------------
F   TOTAL PRODUCT IN STOCKPILE, TONS             3045.355         (E*B)
--------------------------------------------------------------------------------

REMARKS:

                                      217

<PAGE>

                                   Gbrapf.txt

                                 Volume Analysis
                           LI Contour V+ v5.1 #5.IN901
                               southern ready mix

                       Date: January 19, 2001 Time: 5:00pm
                                File: GBRAPFZ.MDL

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

EXISTING
     Filename: GBRAPFZ.MDL

PROPOSED
     Filename: GBRAPF.MDL

Total Field Area  (acres) = 0.232
      Cut Area    (acres) = 0.000
     Fill Area    (acres) = 0.232

Total Cut Volume (cu. yards) = 0.000
     Fill Volume (cu. yards) = 2206.093

Ratio of Cut/Fill = N/A

Location of: Max Cut = N/A  Max Fill = 19.663
            Y= N/A      Y= -13.646
            X= N/A      X= 135.460

                                      218
<PAGE>

                                [GRAPHIC OMITTED]

                                      219

<PAGE>

                      TRI-STATE TESTING LABORATORIES, INC.

                           INVENTORY / SURVEY SUMMARY

-------------------------------------------------------------------------------
CLIENT:          MONROC           DATE:            01/18/01
-------------------------------------------------------------------------------
PIT LOCATION:                     SURVEYED BY:     DAN
-------------------------------------------------------------------------------

                                                         TONS IN
STOCK-PILE      PRODUCT TYPE / SOURCE:                  STOCKPILE:
-------------------------------------------------------------------------------
                NSL MASON SAND                            393.202
-------------------------------------------------------------------------------
                PT. MTN. MASON SAND                       245.694
-------------------------------------------------------------------------------
                NSL 1" UNDER SLAB                        1881.736
-------------------------------------------------------------------------------
                NSL 1 1/2" UNDER SLAB                    1124.565
-------------------------------------------------------------------------------
                NSL QPR                                   458.918
-------------------------------------------------------------------------------
                NSL ROADBASE                            48491.041
-------------------------------------------------------------------------------
                NSL 5767 #1                              3060.970
-------------------------------------------------------------------------------
                NSL 5767 #2                              1598.342
-------------------------------------------------------------------------------
                NSL POND SAND                           48923.901
-------------------------------------------------------------------------------
                NSL PEA GRAVEL                            496.711
-------------------------------------------------------------------------------
                NSL 1 1/2" ROCK                          3590.720
-------------------------------------------------------------------------------
                NSL C-33 SAND                           13744.477
-------------------------------------------------------------------------------
TOTAL TONS OF MATERIAL IN PILES SURVEYED AT PIT:       124010.277
-------------------------------------------------------------------------------
REMARKS:
-------------------------------------------------------------------------------

                                      220

<PAGE>

                      TRI-STATE TESTING. LABORATORIES, INC.

                            INVENTORY/ SURVEY REPORT

-------------------------------------------------------------------------------
CLIENT:              MONROC                   JOB #:
-------------------------------------------------------------------------------
PROJECT:             INVENTORY                DATE:              01/18/01
-------------------------------------------------------------------------------
PIT LOCATION:        SALT LAKE CITY, UTAH  SURVEYED BY:  DD/KW
-------------------------------------------------------------------------------
STOCKPILE LOCATION:
--------------------------------------------------------------------------------
PRODUCT:             NSL MASON SAND           STOCKPILE:
--------------------------------------------------------------------------------

A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3)  102.008            ASTM C29
--------------------------------------------------------------------------------
B UNIT WEIGHT OF PRODUCT, TONS/YD(3)             1.377          (A*27/2000)
--------------------------------------------------------------------------------
C CUT VOLUME OF STOCKPILE, YD(3)                 0.000          FROM SURVEY
--------------------------------------------------------------------------------
D FILL VOLUME OF STOCKPILE, YD(3)              285.527          FROM SURVEY
--------------------------------------------------------------------------------
E TOTAL VOLUME OF STOCKPILE, YD(3)             285.527             (C+D)
--------------------------------------------------------------------------------
F TOTAL PRODUCT IN STOCKPILE, TONS             393.202             (E*B)
--------------------------------------------------------------------------------

REMARKS:

                                      221

<PAGE>

                                    Nslms.txt

                                 Volume Analysis
                           LI Contour V+ v5.1 #5.IN901
                               southern ready mix

                       Date: January 18, 2001 Time: 4:26pm
                                File: NSLMSZ.MDL

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

EXISTING
     Filename: NSLMSZ.MDL

PROPOSED
     Filename: NSLMS.MDL

TotalField Area  (acres)   = 0.053
      Cut Area  (acres)    = 0.000
      Fill Area  (acres)   = 0.053

Total Cut Volume (cu. yards) =   0.000
     Fill Volume (cu. yards) = 285.527

Ratio of Cut/Fill = N/A

Location of: Max Cut = N/A  Max Fill = 10.000

            Y= N/A      Y= -98.436
            X= N/A      X=  -5.865

                                      222

<PAGE>

                                [GRAPHIC OMITTED]

                                      223
<PAGE>

                      TRI-STATE TESTING. LABORATORIES, INC.

                            INVENTORY/ SURVEY REPORT
-------------------------------------------------------------------------------
CLIENT:                  MONROC                     JOB #:
-------------------------------------------------------------------------------
PROJECT:                 INVENTORY                  DATE:          01/18/01
-------------------------------------------------------------------------------
PIT LOCATION:            SALT LAKE CITY, UTAH       SURVEYED BY:   DD/KW
-------------------------------------------------------------------------------
STOCKPILE LOCATION:
-------------------------------------------------------------------------------
PRODUCT:                 NSL PT. MTN. MASON SAND    STOCKPILE:
-------------------------------------------------------------------------------

-------------------------------------------------------------------------------
A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3)    97.690         ASTM C29
-------------------------------------------------------------------------------
B UNIT WEIGHT OF PRODUCT, TONS/YD(3)              1.319       (A*27/2000)
-------------------------------------------------------------------------------
C CUT VOLUME OF STOCKPILE, YD(3)                  0.000       FROM SURVEY
-------------------------------------------------------------------------------
D FILL VOLUME OF STOCKPILE, YD(3)               186.299       FROM SURVEY
-------------------------------------------------------------------------------
E TOTAL VOLUME OF STOCKPILE, YD(3)              186.299          (C+D)
--------------------------------------------------------------------------------
F TOTAL PRODUCT IN STOCKPILE, TONS              245.694          (E*B)
-------------------------------------------------------------------------------

REMARKS:

                                      224

<PAGE>

                                   Nslptms.txt

                                 Volume Analysis
                           LI Contour V+ v5.1 #5.IN901
                               southern ready mix

                       Date: January 18, 2001 Time: 5:47pm
                               File: NSLPTMSZ.MDL

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

EXISTING
     Filename: NSLPTMSZ.MDL

PROPOSED
     Filename: NSLPTMS.MDL

Total Field Area  (acres) = 0.041
     Cut Area  (acres) = 0.000
     Fill Area  (acres) = 0.041

Total Cut Volume (cu. yards) = 0.000
     Fill Volume (cu. yards) = 186.299

Ratio of Cut/Fill = N/A

Location of: Max Cut = N/A  Max Fill = 8.486
            Y= N/A      Y= 32.786
            X= N/A      X= 25.066

                                      225

<PAGE>

                                [GRAPHIC OMITTED]

                                      226

<PAGE>

                      TRI-STATE TESTING. LABORATORIES, INC.

                            INVENTORY/ SURVEY REPORT
------------------------------------------------------------------------------
CLIENT:                MONROC                 JOB #:
-----------------------------------------------------------------------------
PROJECT:               INVENTORY              DATE:           01/18/01
------------------------------------------------------------------------------
PIT LOCATION:          SALT LAKE CITY, UTAH   SURVEYED BY:    DD/KW
------------------------------------------------------------------------------
STOCKPILE LOCATION:
------------------------------------------------------------------------------
PRODUCT:                  NSL 1" UNDER SLAB    STOCKPILE:
------------------------------------------------------------------------------

------------------------------------------------------------------------------
A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3)   106.143           ASTM C29
--------------------------------------------------------------------------------
B UNIT WEIGHT OF PRODUCT, TONS/YD(3)              1.433         (A*27/2000)
--------------------------------------------------------------------------------
C CUT VOLUME OF STOCKPILE, YD(3)                  0.000         FROM SURVEY
--------------------------------------------------------------------------------
D FILL VOLUME OF STOCKPILE, YD(3)              1313.208         FROM SURVEY
--------------------------------------------------------------------------------
E TOTAL VOLUME OF STOCKPILE, YD(3)             1313.208            (C+D)
--------------------------------------------------------------------------------
F TOTAL PRODUCT IN STOCKPILE, TONS             1881.736            (E*B)
--------------------------------------------------------------------------------

REMARKS:

                                       227

<PAGE>

                                  Nsllinus.txt

                                 Volume Analysis
                           LI Contour V+ v5.1 #5.IN901
                               southern ready mix

                       Date: January 18, 2001 Time: 5:25pm
                               File: NS1INUSZ.MDL

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

EXISTING
     Filename: NS1INUSZ.MDL

PROPOSED
     Filename: NS1INUS.MDL

Total Field Area  (acres) = 0.141
      Cut Area    (acres) = 0.000
      Fill Area   (acres) = 0.141

Total Cut Volume (cu. yards) = 0.000
     Fill Volume (cu. yards) = 1313.208

Ratio of Cut/Fill = N/A

Location of: Max Cut = N/A  Max Fill = 13.465

            Y= N/A      Y= -52.342
            X= N/A      X= 66.605

                                      228

<PAGE>

                                   Nsll5us.txt

                                 Volume Analysis
                           LI Contour V+ v5.1 #5.IN901
                               southern ready mix

                       Date: January 18, 2001 Time: 5:04pm
                               File: NSL15USZ.MDL

-------------------------------------------------------------------------------
EXISTING
     Filename: NSL15USZ.MDL

PROPOSED
     Filename: NSL15US.MDL

Total Field Area  (acres) = 0.127
      Cut Area    (acres) = 0.000
      Fill Area  (acres)  = 0.127

Total Cut Volume (cu. yards) = 0.000
     Fill Volume (cu. yards) = 782.751

Ratio of Cut/Fill = N/A

Location of: Max Cut = N/A  Max Fill = 11.358

            Y= N/A      Y= -55.099
            X= N/A      X= -14.970

                                      229

<PAGE>

                                [GRAPHIC OMITTED]

                                      230

<PAGE>

                      TRI-STATE TESTING. LABORATORIES, INC.

                            INVENTORY/ SURVEY REPORT
-------------------------------------------------------------------------------
CLIENT:                  MONROC                 JOB #:
-------------------------------------------------------------------------------
PROJECT:                 INVENTORY              DATE:           01/18/01
-------------------------------------------------------------------------------
PIT LOCATION:            SALT LAKE CITY, UTAH   SURVEYED BY:    DD/KW
-------------------------------------------------------------------------------
STOCKPILE LOCATION:
-------------------------------------------------------------------------------
PRODUCT:                 QPR                    STOCKPILE:
-------------------------------------------------------------------------------

-------------------------------------------------------------------------------
A  IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3)    91.290          ASTM C29
-------------------------------------------------------------------------------
B  UNIT WEIGHT OF PRODUCT, TONS/YD(3)              1.232         (A*27/2000)
-------------------------------------------------------------------------------
C  CUT VOLUME OF STOCKPILE, YD(3)                  0.000         FROM SURVEY
-------------------------------------------------------------------------------
D  FILL VOLUME OF STOCKPILE, YD(3)               372.373         FROM SURVEY
-------------------------------------------------------------------------------
E  TOTAL VOLUME OF STOCKPILE, YD(3)              372.373            (C+D)
-------------------------------------------------------------------------------
F  TOTAL PRODUCT IN STOCKPILE, TONS              458.918            (E*B)
-------------------------------------------------------------------------------

REMARKS:

                                      231

<PAGE>

                                   Nslqpr.TXT

                                 Volume Analysis
                           Li Contour V+ V5.1 #5.IN901
                               Southern Ready Mix

                       Date: January 18, 2001 Time: 4:06PM
                                File: NSLQPRZ.MDL

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

EXISTING
     Filename: NSLQPRZ.MDL

PROPOSED
     Filename: NSLQPR.MDL

TotalField Area  (acres) = 0.048
   Cut Area  (acres)  = 0.000
   Fill Area  (acres) = 0.048

Total Cut Volume (cu. yards) = 0.000
     Fill Volume (cu. yards) = 372.373

Ratio of Cut/Fill = N/A

Location of: Max Cut = N/A  Max Fill = 11.332
            Y= N/A      Y= 59.517
            X= N/A      X= -15.529

                                      232

<PAGE>

                                [GRAPHIC OMITTED]

                                      233
<PAGE>

                      TRI-STATE TESTING. LABORATORIES, INC.

                            INVENTORY/ SURVEY REPORT
-------------------------------------------------------------------------------
CLIENT:                MONROC                JOB #:
-------------------------------------------------------------------------------
PROJECT:               INVENTORY             DATE:        01/18/01
-------------------------------------------------------------------------------
PIT LOCATION:          SALT LAKE CITY, UTAH  SURVEYED BY: DD/KW
-------------------------------------------------------------------------------
STOCKPILE LOCATION:
-------------------------------------------------------------------------------
PRODUCT:               NSL ROADBASE          STOCKPILE:
-------------------------------------------------------------------------------

-------------------------------------------------------------------------------
A  IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3)    108.416        ASTM C29
-------------------------------------------------------------------------------
B  UNIT WEIGHT OF PRODUCT, TONS/YD(3)               1.464      (A*27/2000)
-------------------------------------------------------------------------------
C  CUT VOLUME OF STOCKPILE, YD(3)                   0.123      FROM SURVEY
-------------------------------------------------------------------------------
D  FILL VOLUME OF STOCKPILE, YD(3)              33130.863      FROM SURVEY
-------------------------------------------------------------------------------
E  TOTAL VOLUME OF STOCKPILE, YD(3)             33130.986         (C+D)
-------------------------------------------------------------------------------
F  TOTAL PRODUCT IN STOCKPILE, TONS             48491.041         (E*B)
-------------------------------------------------------------------------------

REMARKS:

                                      234

<PAGE>

                                    Nslrb.txt

                                 Volume Analysis
                           LI Contour V+ v5.1 #5.IN901
                               southern ready mix

                      Date: January 18, 2001 Time: 12:45pm
                                File: NSLRBZ.MDL

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

EXISTING
     Filename: NSLRBZ.MDL

PROPOSED
     Filename: NSLRB.MDL

Total Field Area  (acres) = 1.422
   Cut Area   (acres) =   0.003
   Fill Area  (acres) =   1.418

Total Cut Volume (cu. yards)  = 0.123
      Fill Volume (cu. yards) = 33130.863

Ratio of Cut/Fill = 0.000

Location of: Max Cut = 0.173 Max Fill = 34.367

Y= -71.719     Y= 40.008
X=  83.008    X= 157.410

                                      235

<PAGE>

                                [GRAPHIC OMITTED]

                                      236
<PAGE>

                      TRI-STATE TESTING. LABORATORIES, INC.

                            INVENTORY/ SURVEY REPORT
-------------------------------------------------------------------------------
CLIENT:                MONROC                         JOB #:
-------------------------------------------------------------------------------
PROJECT:               INVENTORY                      DATE:        01/18/01
-------------------------------------------------------------------------------
PIT LOCATION:          SALT LAKE CITY, UTAH           SURVEYED BY: DD/KW
-------------------------------------------------------------------------------
STOCKPILE LOCATION:
-------------------------------------------------------------------------------
PRODUCT:               NSL5767                        STOCKPILE:
-------------------------------------------------------------------------------

-------------------------------------------------------------------------------
A        IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3) 99.079      ASTM C29
-------------------------------------------------------------------------------
B        UNIT WEIGHT OF PRODUCT, TONS/YD(3)           1.338    (A*27/2000)
-------------------------------------------------------------------------------
C        CUT VOLUME OF STOCKPILE, YD(3)               0.000    FROM SURVEY
-------------------------------------------------------------------------------
D        FILL VOLUME OF STOCKPILE, YD(3)           2288.462    FROM SURVEY
-------------------------------------------------------------------------------
E        TOTAL VOLUME OF STOCKPILE, YD(3)          2288.462       (C+D)
-------------------------------------------------------------------------------
F        TOTAL PRODUCT IN STOCKPILE, TONS          3060.970       (E*B)
-------- ----------------------------------------------------------------------

REMARKS:

                                      237

<PAGE>

                                   Nsl5767.txt

                                 Volume Analysis
                           LI Contour V+ v5.1 #5.IN901
                               southern ready mix

                      Date: January 18, 2001 Time: 10:45am
                               File: NSL5767Z.MDL

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

EXISTING
     Filename: NSL5767Z.MDL

PROPOSED
     Filename: NSL5767.MDL

TotalField Area  (acres) = 0.228
  Cut Area  (acres) = 0.000
  Fill Area (acres) = 0.228

Total Cut Volume (cu. yards) = 0.000
     Fill Volume (cu. yards) = 2288.462

Ratio of Cut/Fill = N/A

Location of: Max Cut = N/A  Max Fill = 19.237
            Y= N/A      Y= 82.496
            X= N/A      X= -62.523

                                      238

<PAGE>

                                [GRAPHIC OMITTED]

                                      239

<PAGE>

                      TRI-STATE TESTING. LABORATORIES, INC.

                            INVENTORY/ SURVEY REPORT
-------------------------------------------------------------------------------
CLIENT:                MONROC                 JOB #:
-------------------------------------------------------------------------------
PROJECT:               INVENTORY              DATE:             01/18/01
-------------------------------------------------------------------------------
PIT LOCATION:          SALT LAKE CITY, UTAH   SURVEYED BY:      DD/KW
-------------------------------------------------------------------------------
STOCKPILE LOCATION:
-------------------------------------------------------------------------------
PRODUCT:               NSL 5767 #2            STOCKPILE:
-------------------------------------------------------------------------------

--------------------------------------------------------------------------------
A IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3)  99.079              ASTM C29
--------------------------------------------------------------------------------
B UNIT WEIGHT OF PRODUCT, TONS/YD(3)            1.338            (A*27/2000)
--------------------------------------------------------------------------------
C CUT VOLUME OF STOCKPILE, YD(3)                0.000            FROM SURVEY
--------------------------------------------------------------------------------
D FILL VOLUME OF STOCKPILE, YD(3)            1194.963            FROM SURVEY
--------------------------------------------------------------------------------
E TOTAL VOLUME OF STOCKPILE, YD(3)           1194.963               (C+D)
--------------------------------------------------------------------------------
F TOTAL PRODUCT IN STOCKPILE, TONS           1598.342               (E*B)
--------------------------------------------------------------------------------
REMARKS:

                                      240

<PAGE>

                                [GRAPHIC OMITTED]

                                      241

<PAGE>

                      TRI-STATE TESTING. LABORATORIES, INC.

                            INVENTORY/ SURVEY REPORT
-------------------------------------------------------------------------------
CLIENT:                MONROC                        JOB #:
-------------------------------------------------------------------------------
PROJECT:               INVENTORY                     DATE:          01/18/01
-------------------------------------------------------------------------------
PIT LOCATION:          SALT LAKE CITY, UTAH          SURVEYED BY    DD/KW
-------------------------------------------------------------------------------
STOCKPILE LOCATION:
-------------------------------------------------------------------------------
PRODUCT:               NSL POND SAND                 STOCKPILE:
-------------------------------------------------------------------------------

-------------------------------------------------------------------------------
A   IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3)     97.256        ASTM C29
-------------------------------------------------------------------------------
B   UNIT WEIGHT OF PRODUCT, TONS/YD(3)               1.313      (A*27/2000)
-------------------------------------------------------------------------------
C   CUT VOLUME OF STOCKPILE, YD(3)                   0.000      FROM SURVEY
-------------------------------------------------------------------------------
D   FILL VOLUME OF STOCKPILE, YD(3)              37262.407      FROM SURVEY
-------------------------------------------------------------------------------
E   TOTAL VOLUME OF STOCKPILE, YD(3)             37262.407         (C+D)
-------------------------------------------------------------------------------
F   TOTAL PRODUCT IN STOCKPILE, TONS             48923.901         (E*B)
-------------------------------------------------------------------------------

REMARKS:

                                      242

<PAGE>

                                [GRAPHIC OMITTED]

                                      243

<PAGE>

                      TRI-STATE TESTING. LABORATORIES, INC.

                            INVENTORY/ SURVEY REPORT
-------------------------------------------------------------------------------
CLIENT:                MONROC                      JOB #:
-------------------------------------------------------------------------------
PROJECT:               INVENTORY                   DATE:           01/18/01
-------------------------------------------------------------------------------
PIT LOCATION:          SALT LAKE CITY, UTAH        SURVEYED BY:    DD/KW
-------------------------------------------------------------------------------
STOCKPILE LOCATION:
-------------------------------------------------------------------------------
PRODUCT:               NSL PEA GRAVEL              STOCKPILE:
-------------------------------------------------------------------------------

-------------------------------------------------------------------------------
A        IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3)  94.250        ASTM C29
-------------------------------------------------------------------------------
B        UNIT WEIGHT OF PRODUCT, TONS/YD(3)            1.272     (A*27/2000)
-------------------------------------------------------------------------------
C        CUT VOLUME OF STOCKPILE, YD(3)                0.002     FROM SURVEY
-------------------------------------------------------------------------------
D        FILL VOLUME OF STOCKPILE, YD(3)             390.379     FROM SURVEY
-------------------------------------------------------------------------------
E        TOTAL VOLUME OF STOCKPILE, YD(3)            390.381        (C+D)
-------------------------------------------------------------------------------
F        TOTAL PRODUCT IN STOCKPILE, TONS            496.711        (E*B)
-------- ----------------------------------------------------------------------

REMARKS:

                                      244

<PAGE>

                                    Nslpg.txt

                                 Volume Analysis
                           LI Contour V+ v5.1 #5.IN901
                               southern ready mix

                       Date: January 18, 2001 Time: 5:34pm
                                File: NSLPGZ.MDL

-------------------------------------------------------------------------------
EXISTING
     Filename: NSLPGZ.MDL

PROPOSED
     Filename: NSLPG.MDL

Total Field Area  (acres) = 0.069
  Cut Area   (acres) = 0.000
  Fill Area  (acres) = 0.068

Total Cut Volume (cu. yards) = 0.002
     Fill Volume (cu. yards) = 390.379

Ratio of Cut/Fill = 0.000

Location of: Max Cut = 0.010 Max Fill = 10.110
  Y= 24.656     Y= 41.129
  X= 52.928     X= 24.034

                                      245

<PAGE>

                                [GRAPHIC OMITTED]

                                      246

<PAGE>

                      TRI-STATE TESTING. LABORATORIES, INC.

                            INVENTORY/ SURVEY REPORT
-------------------------------------------------------------------------------
CLIENT:                MONROC                       JOB #:
-------------------------------------------------------------------------------
PROJECT:               INVENTORY                    DATE:             12/20/00
-------------------------------------------------------------------------------
PIT LOCATION:          SALT LAKE CITY, UTAH         SURVEYED BY:      DOUG
-------------------------------------------------------------------------------
STOCKPILE LOCATION:
-------------------------------------------------------------------------------
PRODUCT:               NSL 1 1/2" ROCK        STOCKPILE:
-------------------------------------------------------------------------------

A   IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3)   95.900       ASTM C29
-------------------------------------------------------------------------------
B   UNIT WEIGHT OF PRODUCT, TONS/YD(3)             1.295     (A*27/2000)
-------------------------------------------------------------------------------
C   CUT VOLUME OF STOCKPILE, YD(3)                 0.005     FROM SURVEY
-------------------------------------------------------------------------------
D   FILL VOLUME OF STOCKPILE, YD(3)             2773.501     FROM SURVEY
-------------------------------------------------------------------------------
E   TOTAL VOLUME OF STOCKPILE, YD(3)            2773.506        (C+D)
-------------------------------------------------------------------------------
F   TOTAL PRODUCT IN STOCKPILE, TONS            3590.720        (E*B)
-------------------------------------------------------------------------------

REMARKS:

                                      247
<PAGE>

                               [GRAPHIC OMITTED]

                                      248

<PAGE>

                      TRI-STATE TESTING. LABORATORIES, INC.

                            INVENTORY/ SURVEY REPORT
-------------------------------------------------------------------------------
CLIENT:                MONROC                         JOB #:
-------------------------------------------------------------------------------
PROJECT:               INVENTORY                      DATE:        12/20/00
-------------------------------------------------------------------------------
PIT LOCATION:          SALT LAKE CITY, UTAH           SURVEYED BY: DOUG
-------------------------------------------------------------------------------
STOCKPILE LOCATION:
-------------------------------------------------------------------------------
PRODUCT:               NSL C-33 SAND                  STOCKPILE:
--------------------------------------------------------------------------------

-------------------------------------------------------------------------------
A   IN PLACE UNIT WEIGHT OF PRODUCT, LBS./FT(3)    96.426        ASTM C29
-------------------------------------------------------------------------------
B   UNIT WEIGHT OF PRODUCT, TONS/YD(3)              1.302      (A*27/2000)
-------------------------------------------------------------------------------
C   CUT VOLUME OF STOCKPILE, YD(3)                  1.118      FROM SURVEY
-------------------------------------------------------------------------------
D   FILL VOLUME OF STOCKPILE, YD(3)             10557.335      FROM SURVEY
-------------------------------------------------------------------------------
E   TOTAL VOLUME OF STOCKPILE, YD(3)            10558.453         (C+D)
-------------------------------------------------------------------------------
F   TOTAL PRODUCT IN STOCKPILE, TONS            13744.477         (E*B)
-------------------------------------------------------------------------------

REMARKS:

                                      249

<PAGE>

                                [GRAPHIC OMITTED]

                                      250

<PAGE>

                             SCHEDULE 4.17 CUSTOMERS

See attached Customers Lists.

                                      251

<PAGE>

                         TOP 10 CUSTOMERS BY PLANT 2000

<TABLE>
<CAPTION>
          Beck Street Ready Mix                                                 Park City Ready Mix
          Customer Name                                 Volume                  Customer Name                         Volume
<S>       <C>                                           <C>            <C>      <C>                                  <C>
1         *                                             *               1       *                                     *
2         *                                             *               2       *                                     *
3         *                                             *               3       *                                     *
4         *                                             *               4       *                                     *
5         *                                             *               5       *                                     *
6         *                                             *               6       *                                     *
7         *                                             *               7       *                                     *
8         *                                             *               8       *                                     *
9         *                                             *               9       *                                     *
10        *                                             *               10      *                                     *

          Point of Mountain Ready Mix                                           Heber Ready Mix
          Customer Name                                 Volume                  Customer Name                         Volume
1         *                                             *               1       *                                     *
2         *                                             *               2       *                                     *
3         *                                             *               3       *                                     *
4         *                                             *               4       *                                     *
5         *                                             *               5       *                                     *
6         *                                             *               6       *                                     *
7         *                                             *               7       *                                     *
8         *                                             *               8       *                                     *
9         *                                             *               9       *                                     *
10        *                                             *               10      *                                     *

          Bacchus 2 Ready Mix                                                   Beck Street Sand & Gravel
          Customer Name                                 Volume                  Customer Name                         Volume
1         *                                             *               1       *                                     *
2         *                                             *               2       *                                     *
3         *                                             *               3       *                                     *
4         *                                             *               4       *                                     *
5         *                                             *               5       *                                     *
6         *                                             *               6       *                                     *
7         *                                             *               7       *                                     *
8         *                                             *               8       *                                     *
9         *                                             *               9       *                                     *
10        *                                             *               10      *                                     *
</TABLE>

---------------
*    Omissions  denoted by the asterisk are  confidential  materials  separately
     filed  with  the  Securities  and  Exchange   Commission  under  a  pending
     Confidential Treatment Request.

                                      252

<PAGE>

              3/30/01 EAGLE VALLEY TOP 10 READY MIX SALES FOR 2000

                      Cust #  Customer Name           Quantity
                         1    *                          *
                        44    *                          *
                        15    *                          *
                        31    *                          *
                         4    *                          *
                      2380    *                          *
                        18    *                          *
                        47    *                          *
                        24    *                          *
                        53    *                          *

---------------
*    Omissions  denoted by the asterisk are  confidential  materials  separately
     filed  with  the  Securities  and  Exchange   Commission  under  a  pending
     Confidential Treatment Request.

                                      253
<PAGE>

             3/30/01 VALLEY ASPHALT TOP 10 READY MIX SALES FOR 2000
                    Cust #  Customer Name              Quantity
                   9999999  *                              *
                     17270  *                              *
                      2900  *                              *
                      6720  *                              *
                     17090  *                              *
                       210  *                              *
                     16450  *                              *
                      4560  *                              *
                     11270  *                              *
                     11880  *                              *

---------------
*    Omissions  denoted by the asterisk are  confidential  materials  separately
     filed  with  the  Securities  and  Exchange   Commission  under  a  pending
     Confidential Treatment Request.

                                      254

<PAGE>

              3/30/01 FALCON RIDGE TOP 10 AGGREGATE SALES FOR 2000
                     Cust # Customer Name                   Quantity
                     40057  *                                  *
                     40144  *                                  *
                     40135  *                                  *
                     40092  *                                  *
                     40554  *                                  *
                     40018  *                                  *
                     40168  *                                  *
                     40188  *                                  *
                     40032  *                                  *
                     40222  *                                  *

---------------
*    Omissions  denoted by the asterisk are  confidential  materials  separately
     filed  with  the  Securities  and  Exchange   Commission  under  a  pending
     Confidential Treatment Request.

                                      255

<PAGE>

                  3/30/01 GEODYNE TOP 10 ASPHALT SALES FOR 2000
                     Cust # Customer Name                      Quantity
                     40113  *                                     *
                     40131  *                                     *
                     40129  *                                     *
                     40151  *                                     *
                     40192  *                                     *
                     40017  *                                     *
                     40032  *                                     *
                     40398  *                                     *
                     40460  *                                     *
                     40387  *                                     *

---------------
*   Omissions denoted by the asterisk are confidential materials separately
    filed with the Securities and Exchange Commission under a pending
    Confidential Treatment Request.

                                      256
<PAGE>

                         SCHEDULE 4.18 PRODUCT LIABILITY

                                      NONE

                                      257
<PAGE>

                       SCHEDULE 4.20 SUFFICIENCY OF ASSETS

                                      NONE

                                      258
<PAGE>

                    SCHEDULE 5.3.1 BUYER FINANCIAL STATEMENTS

<TABLE>
<CAPTION>

STAKER LEHI                                                                                                    BUDGET
                                   1997               1998                1999               2000               2001
-----------------------------------------------------------------------------------------------------------------------------
<S>                               <C>                 <C>                <C>                  <C>                <C>
Agg Tons (Ext)                       1,479,483           3,131,473          1,655,959          1,747,548             570,000
Agg Tons (Int)                         177,712             354,228            401,711            427,653             158,127
Agg Price (Ext)                           1.61                0.94               1.37               1.31                2.92
Agg Price (Int)                           3.08                3.11               3.12               3.19                2.72
Agg Sales (Ext)                      2,380,044           2,937,769          2,275,187          2,288,462           1,666,100
Agg Sales (Int)                        547,766           1,102,684          1,253,927          1,363,440             430,417
Agg Cost/Ton                              1.37                0.47               0.81               1.02                2.09
Agg MC                                 653,950           2,416,147          1,860,408          1,433,737             573,399
Agg MC %                                   26%               59.8%              52.7%              39.3%               27.4%
-----------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------
Asphalt Tons (Ext)                           0               5,228              3,855              1,240                   0
Asphalt Tons (Int)                           0             196,604            241,550            241,463                   0
Asphalt Price (Ext)                          0               18.56              18.51              23.26                   0
Asphalt Price (Int)                          0               16.64              19.53              22.22                   0
Asphalt Sales (Ext)                          0              97,044             71,351             28,837                   0
Asphalt Sales (Int)                          0           3,271,951          4,717,347          5,364,566                   0
Asphalt Cost/Ton                             0               15.90              17.70              19.48                   0
Asphalt MC                                   0             159,162            446,253            664,935                   0
Asphalt MC %                                 0                4.7%               9.3%              12.3%                   0
-----------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------
RM Yards                                                         0                  0                  0                   0
RM Price                                                      0.00               0.00               0.00                0.00
RM Sales                                     0                   0                  0                  0                   0
RM Cost/Yard                                                  0.00               0.00               0.00                0.00
RM MC                                        0                   0                  0                  0                   0
RM MC %                                                         0%                 0%                 0%                  0%
-----------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------
Const Sales                                  0          11,009,824         15,096,875         19,003,138                   0
Const MC                                     0             781,698          1,207,750          1,634,270                   0
Const MC%                                    0                7.1%               8.0%               8.6%                0.0%
-----------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------
Trans & Other Sales                    238,004             200,986            153,874            216,863             166,610
Trans & Other MC                        23,800           1,231,166          1,133,434          1,407,385              16,661
Trans & Other MC%                          10%                613%               737%               649%                 10%
-----------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------
Summary:
Total Sales (Ext)                    2,618,048          14,245,623         17,597,287         21,537,300           1,832,710
Total MC                               677,750           4,588,173          4,647,845          5,140,327             590,060
Total MC%                                25.9%               32.2%              26.4%              23.9%               32.2%

Controllable FOH %                       13.4%               13.7%              12.1%              13.4%               11.9%
FOH & SG&A                             351,444           1,947,270          2,123,383          2,885,664             217,237
                            -------------------------------------------------------------------------------------------------
PBDIT (before leases)                  326,307           2,640,903          2,524,462          2,254,663             372,823
Depreciation/Leases                    158,769             821,054            877,411          1,238,364              96,966

                            -------------------------------------------------------------------------------------------------
PBIT                                   167,538           1,819,848          1,647,050          1,016,299             275,857
PBIT %                                      6%               12.8%               9.4%               4.7%               15.1%
-----------------------------------------------------------------------------------------------------------------------------

</TABLE>
                                      259

<PAGE>

<TABLE>
<CAPTION>

STAKER KEIGLEY                                                                                                     BUDGET
                                        1997              1998                1999               2000               2001
--------------------------------------------------------------------------------------------------------------------------------
<S>                                           <C>                 <C>           <C>                <C>                 <C>
Agg Tons (Ext)                                   0                   0             17,814            212,046            284,500
Agg Tons (Int)                                   0                   0              4,587             64,985            468,512
Agg Price (Ext)                                  0                   0               3.82               3.43               4.18
Agg Price (Int)                                  0                   0               7.00               3.82               4.00
Agg Sales (Ext)                                  0                   0             68,009            728,319          1,188,377
Agg Sales (Int)                                  0                   0             32,111            247,986          1,873,151
Agg Cost/Ton                                                                         7.26               4.54               2.93
Agg MC                                           0                   0           (62,622)          (282,136)            858,259
Agg MC %                                         0                   0             -62.5%             -28.9%              28.0%
--------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------------
Asphalt Tons (Ext)                               0                   0                  0                  0             30,000
Asphalt Tons (Int)                               0                   0                  0                  0            220,355
Asphalt Price (Ext)                              0                   0                  0                  0              21.78
Asphalt Price (Int)                              0                   0                  0                  0              19.94
Asphalt Sales (Ext)                              0                   0                  0                  0            653,250
Asphalt Sales (Int)                              0                   0                  0                  0          4,393,720
Asphalt Cost/Ton                                 0                   0                  0                  0              17.67
Asphalt MC                                       0                   0                  0                  0            622,961
Asphalt MC %                                     0                   0                  0                  0              12.3%
--------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------------
RM Yards                                                             0                  0                  0                  0
RM Price                                                          0.00               0.00               0.00               0.00
RM Sales                                         0                   0                  0                  0                  0
RM Cost/Yard                                                      0.00               0.00               0.00               0.00
RM MC                                            0                   0                  0                  0                  0
RM MC %                                                             0%                 0%                 0%                 0%
--------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------------
Const Sales                                      0                   0                  0                  0         16,306,270
Const MC                                         0                   0                  0                  0          1,785,537
Const MC%                                        0                   0                  0                  0              11.0%
--------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------------
Trans & Other Sales                              0                   0            110,930            555,678            590,220
Trans & Other MC                                 0                   0             43,245            181,698          1,027,323
Trans & Other MC%                                0                   0                39%                33%               174%
--------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------------
Summary:
Total Sales (Ext)                                0                   0            178,939          1,283,997         18,738,117
Total MC                                         0                   0           (19,377)          (100,438)          4,294,080
Total MC%                                                                          -10.8%              -7.8%              22.9%

Controllable FOH %                                                                  12.1%              13.4%              11.9%
FOH & SG&A                                       0                   0             21,592            172,036          2,221,088
                                  ----------------------------------------------------------------------------------------------
PBDIT (before leases)                            0                   0           (40,969)          (272,474)          2,072,992
Depreciation/Leases                              0                   0              8,922             73,828            991,405

                                  ----------------------------------------------------------------------------------------------
PBIT                                             0                   0           (49,891)          (346,302)          1,081,587
PBIT %                                                                             -27.9%             -27.0%               5.8%
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                                      260
<PAGE>

                         SCHEDULE 5.3.2 CERTAIN CHANGES

                                      NONE

                                      261
<PAGE>

                            SCHEDULE 5.3.3 TRANSFERS

Those Excluded Buyer Assets listed on SCHEDULE 1.2A.

Staker and Parson will move certain equipment and assets which are not primarily
used in the Business (and other than that which is listed on SCHEDULE 1.1A) from
Keigley Quarry to another site owned by Parson.

                                      262
<PAGE>

                            SCHEDULE 5.5.1 LITIGATION

                                      NONE

                                      263

<PAGE>

               SCHEDULE 5.5.3 LICENSES, PERMITS AND AUTHORIZATIONS

The following permits pertain to the corresponding properties:

            SITE- KEIGLEY QUARRY:
            --------------------

                       DOGM Permit # M/049/001, State of Utah, Division of Oil,
                       Gas & Mining.

                       Crusher Use (Grand fathered)

                       Hot Plant Conditional Use Permit, Appeal #'s 1313 & 1338,
                       Utah County Board of Adjustment.

                       Ready Mix Plant Conditional Use Permit, Appeal # 1314

                       Crusher Air Quality, (Grand fathered on existing
                       equipment)

                       Ready Mix Air Quality Permits Pending Approval

                       Ready Mix Plant is permitted as Small Source Exemption
                       for 250,000 cy per year.

            SITE- POINT OF THE MOUNTAIN:
            ---------------------------

                       Crusher Conditional Use Permit, Appeal # 1182, Utah
                       County Board of Adjustment.

                       Ready Mix Plant Conditional Use Permit, Appeal #1242

                       Ready Mix  Plant is  permitted  as Small  Source
                       Exemption for 250,000 cy per year.

                       Easement  Agreement with Provo River Water Users
                       Association to pipe over underground canal.

                       Water Contract with Salt Lake Water  Conservancy
                       District  for 100 acre feet per year at $300 per
                       acre foot (valid through 2006). Additional water
                       to be purchased at $10 per 1000 gallons.

                                      264

<PAGE>

                     SCHEDULE 5.6(a) ACQUIRED STAKER ASSETS

                                      NONE

                                      265

<PAGE>

                          SCHEDULE 5.6(b) ENCUMBRANCES

                                      NONE

                                      266

<PAGE>

                         SCHEDULE 5.6.1(a) REAL PROPERTY

                        SITE: KEIGLEY QUARRY
PARCEL K:
--------

PLACER MINING CLAIMS,  SITUATED IN THE ELDORADO  MINING  DISTRICT,  UTAH COUNTY,
UTAH, DESCRIBED AS FOLLOWS:

Township 9 South, Range 1 East, Salt Lake Base and Meridian

Columbia Placer No. 19 embracing the Southwest  Quarter of the Northeast Quarter
of the Southeast Quarter,  and the Southeast Quarter of the Northwest Quarter of
the Southeast Quarter of Section 22.

Columbia Place No. 22 embracing the Southwest  Quarter of the Northeast  Quarter
of the Northeast Quarter,  and the Northwest Quarter of the Southeast Quarter of
the Northeast Quarter of Section 22.

Columbia  Placer No. 26 embracing the West Half of the Northeast  Quarter of the
Northwest Quarter of Section 22.

Columbia  Placer No. 27 embracing the East Half of the Northwest  Quarter of the
Northwest Quarter of Section 22.

Columbia  Placer No. 28 embracing the West Half of the Northwest  Quarter of the
Northwest Quarter of Section 22.

Columbia  Placer No. 30 embracing the West Half of the Southwest  Quarter of the
Southwest Quarter of Section 15.

Columbia  Placer No. 31 embracing the East Half of the Southwest  Quarter of the
Southwest Quarter of Section 15.

Columbia  Placer No. 32 embracing the West Half of the Southeast  Quarter of the
Southwest Quarter of Section 15.

Columbia Placer No. 29 embracing the following:

Beginning at a point on line 1-2, this survey,  identical  with the West line of
Section 22, Township 9 South,  Range 1 East,  Salt Lake Base and Meridian,  that
bears North  00(Degrees)26' West 1131.5 feet from the Corner No. 1, identical to
the West Quarter Corner of Section 22, and South 00(degrees)26' East 186.95 feet
from the Corner No. 2, this said point being offset 50.0 feet at right angles to
the center line of the Strawberry High Line Canal and at the intersection of the
Easterly  right of way boundary of said canal with line 1-2; and running  thence
North   00(degrees)26'   West  186.95  feet  to  Corner  No.  2;  thence   North
89(degrees)07' East 661.6 feet to Corner No. 3; thence South 00(degrees)23' East
1150.15  feet along line 3-4 to a point that bears  North  00(degrees)  23' West
168.2 feet from  Corner No. 4; this said point  being  offset 50.0 feet at right
angles  to the  center  line of the  Strawberry  High  Line  Canal and is at the
intersection  of the Easterly right of way boundary with line 3-4;  thence North
36(degrees)23'  West 180.9  feet  along  said  canal  right of way to a point of
curve;  thence  along  said  curve to the  left,  radius  451.8  feet for an arc
distance of 114.1 feet,  subtending a central  angle of  14(degrees)28';  to the
P.T.;  thence North  50(degrees)51'  West 93.7 feet to a point of curve;  thence
along said curve to the right,  radius  250.0 feet,  for an arc distance of 89.1
feet to the P.T.,  subtending a central  angle of  20(degrees)25';  thence North
30(degrees)26' West 694.2 feet to the point of beginning. NOTE: Description does
not close.

PARCEL L:
--------

Placer mining claims described as:

Columbia  Placer No. 6 embracing the East Half of the  Southwest  Quarter of the
Southwest Quarter of Section 23.

Columbia Placer No. 7 embracing the Northwest  Quarter of the Southwest  Quarter
of the  Southwest  Quarter  of  Section  23 and  the  Northeast  Quarter  of the
Southeast Quarter of the Southwest Quarter of Section 22.

Columbia Placer No. 8 embracing the Southwest  Quarter of the Northwest  Quarter
of the  Southwest  Quarter  of  Section  23 and  the  Southwest  Quarter  of the
Northeast Quarter of the Southeast Quarter of Section 22.

Columbia  Placer No. 9 embracing the West Half of the  Northwest  Quarter of the
Southeast Quarter of Section 22.

                                      267

<PAGE>

Columbia Placer No. 12 embracing the South Half of the Southeast  Quarter of the
Northwest Quarter of Section 22.

Columbia Placer No. 14 embracing the Northeast  Quarter of the Southwest Quarter
of the Southeast Quarter,  and the Northwest Quarter of the Southeast Quarter of
the Southeast Quarter of Section 22.

Columbia Placer No. 15 embracing the North Half of the Southeast  Quarter of the
Northwest Quarter of Section 22.

Columbia Placer No. 17 embracing the North Half of the Northeast  Quarter of the
Southeast Quarter of Section 22.

Columbia Placer No. 18 embracing the South Half of the Southeast  Quarter of the
Northeast Quarter of Section 22.

Columbia  Placer No. 10 embracing the East Half of the Northeast  Quarter of the
Southwest Quarter of Section 22, Township 9 South, Range 10 East, Salt Lake Base
and Meridian, Utah, less the following described tract of land:

Commencing  at a point  1314.2  feet  North and  459.3  feet West from the South
Quarter Corner of Section 22, Township 9 South, Range 1 East, Salt Lake Base and
Meridian, which point lies on the South boundary of the Northeast Quarter of the
Southwest Quarter of said Section;  thence North  23(degrees)12' West 66.5 feet;
thence along a curve to the left with a radius of 315.0 feet for an arc distance
of 107.6 feet; thence North  42(degrees)46'  West 150.0 feet; thence South 249.8
feet; thence East 200.7 feet to the point of beginning. NOTE: Exception does not
close.

Placer No. 11 embracing the West Half of the Northeast  Quarter of the Southwest
Quarter  of  Section  22,  Township  9 South,  Range 1 East,  Salt Lake Base and
Meridian, Utah, less the following described tract of land:

Commencing at a point 1314.2 feet North and 660 West of the South Quarter Corner
of Section  22,  Township 9 South,  Range 1 East,  Salt Lake Base and  Meridian,
which point lies on the South boundary of the Northeast Quarter of the Southwest
Quarter of said Section;  thence North 249.8 feet;  thence North  42(degrees)46'
West 187 feet; thence along a curve to the left having a radius of 4075 feet for
an arc  distance of 263.2 feet;  thence  North  46(degrees)28'  West 413.2 feet;
thence  South 899.1 feet;  thence East 660 feet,  more or less,  to the point of
beginning. NOTE: Exception does not close.

Columbia  Placer No. 16 embracing the East Half of the Southwest  Quarter of the
Northwest Quarter of Section 22, Township 9 South,  Range 1 East, Salt Lake Base
and Meridian, Utah, less the following described tract of land:

Commencing at a point 660 feet East,  more or less, from the West Quarter Corner
of Section  22,  Township 9 South,  Range 1 East,  Salt Lake Base and  Meridian;
thence  North 192.2 feet;  thence along the center line of the  Strawberry  High
Line Canal No. 34, thence South  36(degrees)04'  East 36.9 feet;  thence along a
curve to the left having a radius of 750 feet for an arc distance of 200.9 feet;
thence West along the South  boundary of the  Northwest  Quarter of said Section
140.0 feet to the point of beginning. NOTE: Exception does not close.

All in Township 9 South,  Range 1 East of the Salt Lake Base and Meridian,  Utah
County, Utah.

PARCEL M:
--------

The Columbia  Placer No. 5 placer mining claim,  situate in the Eldorado  Mining
District, Utah County, Utah, described as follows:

Lot 1, Section 22, Township 9 South, Range 1 East, Salt Lake Base and Meridian.

PARCEL N:
--------

Payson Placer Mining Claim placer mining claim,  situate in the Eldorado  Mining
District,  Utah  County,  Utah,  described  as the North  Half of the  Northeast
Quarter,  the Southeast Quarter of the Northeast  Quarter,  and the East Half of
the Southwest  Quarter of the Northeast Quarter of Section 27, Township 9 South,
Range 1 East, Salt Lake Base and Meridian.

PARCEL O:
--------

                                      268

<PAGE>

Commencing  South  103.100  feet of the  North  Quarter  Corner of  Section  27,
Township  9 South,  Range 1 East,  Salt Lake  Base and  Meridian;  thence  South
709.930  feet;  thence North  41(degrees)42'00"  West 64.920 feet;  thence North
34(degrees)32'00"  West 50.660 feet; thence North  26(degrees)16'00" West 66.930
feet;   thence  North   13(degrees)54'0"   West  127.290   feet;   thence  North
3(degrees)5'0"  West 152.700 feet;  thence North  23(degrees)27'00"  East 14.453
feet;   thence   North   3(degrees)5'0"   West   106.926   feet;   thence  North
23(degrees)27'0"  East 87.100 feet;  thence North  52(degrees)44'0"  East 72.770
feet; thence North 22(degrees)42'0" East 87.610 Feet; thence North 103.100 feet;
thence South 5(degrees)46'59" East 146.007 feet to the point of beginning.

Less and excepting (but not only to the extent not owned by Grantor) any portion
there of not lying within the following described parcel:

Commencing  South  103.100  feet from the North  Quarter  Corner of Section  27,
Township  9 South,  Range 1 East,  Salt Lake  Base and  Meridian;  thence  South
589.900  feet;  thence North  41(degrees)42'0"  West 64.920  feet;  thence North
34(degrees)32'0"  West 50.660 feet;  thence North  26(degrees)16'0"  West 66.930
feet;   thence  North   13(degrees)54'0"   West  127.290   feet;   thence  North
3(degrees)5'0" West 45.774 feet; thence North 23(degrees)27'0" East 27.647 feet;
thence North  52(degrees)44'0"  East 72.770 feet; thence North  22(degrees)42'0"
East 87.610 feet; thence North  10(degrees)41'58"  East 79.245 feet to the point
of beginning. NOTE: Description does not close.

PARCEL P:
--------

Commencing  at the  Southwest  Corner of the  Northwest  Quarter of Section  26,
Township 9 South,  Range 1 East,  Salt Lake Base and  Meridian;  thence North 20
chains;  thence East 13.26 chains; thence South 21(degrees)50' West 4.97 chains;
thence South 38(degrees)55' West 12.60 chains;  thence South 2.98 chains; thence
South  80(degrees)  East  3.68  chains;  thence  South  50  feet;  thence  South
80(degrees)  East 7.53  chains;  thence West 14.55  chains to  beginning.  NOTE:
Description does not close.

PARCEL Q:
--------

Beginning at the center of Section 27, Township 9 South, Range 1 East, Salt Lake
Base and Meridian;  thence North 0(degrees)11' West 291.2 feet along the Quarter
Section  line to the center line of the  concrete  canal  lateral;  thence North
68(degrees)02'  East 156.8 feet;  thence North  71(degrees)30'  East 147.3 feet;
thence North 74(degrees)51' East 141.8 feet, which point is also the center line
of said concrete  canal  lateral;  thence North  31(degrees)05'  East 191.7 feet
along a fence line;  thence  North  2(degrees)44'  East 331.1 feet along a fence
line; thence North 39(degrees)38' West 318.0 feet along fence line; thence North
43(degrees)52' West 220.8 feet along fence line to the intersection of the North
line of the  Southeast  Quarter of the  Northeast  Quarter of said  Section  27;
thence North  89(degrees)17' East 476.0 feet to the Northeast Corner of the West
Half  of  the  Southwest  Quarter  of  the  Northeast   Quarter;   thence  South
0(degrees)14'  East  1330.75  feet to the Quarter  Section  Line;  thence  South
89(degrees)21' West 661.05 feet to the point of beginning.

Together with Appurtenance No. 20:

Easement, dated May 9, 1951, executed by Ephraim R. Nelson and Radcliffe Nelson,
collectively as grantors,  and Geneva, as Grantee,  and recorded in the Official
Records as Entry No. 5253 in Book 550 at Page 500.

PARCEL R:
--------

A parcel of land situated in the Northwest  Quarter of the Southwest  Quarter of
Section 22, Township 9 South,  Range 1 East,  Salt Lake Base and Meridian,  Utah
County, Utah, described as follows:

Beginning  at a point  located  on the  center  line of  Lateral  No.  34 of the
Strawberry High Line Canal;  thence North  89(degrees)22'  East 734.03 feet from
the  West  Quarter   Corner  of  said  Section  22  and  running   thence  North
89(degrees)22'  East 575.49  feet to the  Northwest  Corner of  Columbia  Placer
Mining  Claim No. 11;  thence  South  0(degrees)06'  East  464.36 feet along the
Westerly  boundary  of said claim to its point of  intersection  with the center
line of said  canal;  thence  North  46(degrees)28'  West 164.60  feet;  thence,
tangent to the last described course,  along a curve to the left having a radius
of 750 feet and a chord of 111.82 feet bearing North  50(degrees)44'30"  West an
arc distance of 111.90 feet; thence, tangent to the last described course, North
55(degrees)01'  West 329.70 feet; thence,  tangent to the last described course,
along a curve to the  right  having a radius  of 750 feet and a chord of  130.73
feet  bearing  North  50(degrees)01  West an arc  distance of 130.90 feet to the
point of beginning.

                                      269

<PAGE>

Less and excepting any portion  lying within the bounds of the  Strawberry  High
Line Canal.

PARCEL S:
--------

Placer mining claim, particularly described as follows:

Columbia  Placer No. 1 embracing the South Half of the Northwest  Quarter of the
Northwest Quarter of Section 26, Township 9 South,  Range 1 East, Salt Lake Base
and Meridian.

Columbia  Placer No. 2 embracing the North Half of the Northwest  Quarter of the
Northwest Quarter of said Section 26.

Columbia Placer No. 3 embracing the Southwest  Quarter of the Southwest  Quarter
of the  Southwest  Quarter  of  Section  23,  and the  Southeast  Quarter of the
Southeast  Quarter of the  Southeast  Quarter of Section  22,  Township 9 South,
Range 1 East, Salt Lake Base and Meridian.

Columbia Placer No. 4 embracing the Southwest  Quarter of the Southeast  Quarter
of the  Southeast  Quarter  of  Section  22,  and the  Southeast  Quarter of the
Southwest  Quarter of the  Southeast  Quarter of Section  22,  Township 9 South,
Range 1 East, Salt Lake Base and Meridian.

            SITE: POINT OF MOUNTAIN (PACIFIC WEST PROPERTY)

            Legal  description  taken directly from the SAND, GRAVEL
            AND ASSOCIATED BORROW MATERIAL LEASE dated April 1, 1998
            between PACIFIC WEST ROYALTY COMPANY and STAKER PAVING &
            CONSTRUCTION COMPANY:

     A parcel of land  situate  in the East Half  (El/2) of  Section  23 and the
Southwest Quarter of Section 24, Township 4 South, Range 1 West of The Salt Lake
Meridian.  Salt Lake and Utah Counties.  State of Utah, bounded and described as
follows:

     Commencing  at the  southeast  corner of said Section 23;  thence along the
east line of said Section.  North 00 degrees 05 minutes 04 seconds East,  331.63
feet to a point that is 100. 00 feet  radially  distant  northeasterly  from the
centerline  of the main track of Union  Pacific  Railroad  Company  and the TRUE
POINT  OF  BEGINNING,   said  point  being  on  a  nontangent   curve,   concave
northeasterly, to which point a radial line bears South 22 degrees 51 minutes 15
seconds West, 998.70 feet;

     thence  along a line that is  parallel  with  and/or  concentric  with said
centerline of main track the following four (4) courses:

     1)   northwesterly, along said curve, through a central angle of 54 degrees
          09 minutes 41 seconds,  944.07 feet to the  beginning  of a decreasing
          spiral  curve to the right that is  concentric  with a 30 MPH  UPRRCo.
          spiral curve on said centerline,  said centerline  spiral curve having
          six 30-foot chords and one 24.75-foot chord;

                                      270

<PAGE>

     2)   northwesterly,  along said spiral curve,  through a spiral angle of Os
          degrees 21 minutes 18 seconds,  the long chord of which bears North 09
          degrees 30 minutes 13 seconds West, 195.33 feet;

     3)   North 07  degrees 37 minutes  46  seconds  West,  1094.08  feet to the
          beginning of a curve,  concave  easterly,  having a radius of 6,031.20
          feet;

     4)   northerly  along said curve,  through a central angle of 12 degrees 49
          minutes  04  seconds,  1,349.27  feet to a point  that is  300.0  feet
          distant  southerly from the north line of the Southeast Quarter of the
          Northeast Quarter (SE 1/4NE1/4) of said Section 23;

     thence  parallel  with said  north  line,  South 89  degrees  52 minutes 22
     seconds East. 796.35 feet to a point on the east line of said Section;

     thence along said east line,  South 00 degrees 05 minutes 04 seconds  West,
     1,020.00 feet to `the east quarter corner of said section;

     thence along the east-west  centerline of said Section 24, South 89 degrees
     56 minutes 27 seconds East, 150.00 feet;

     thence  parallel with the west line of said Section 24, South 00 degrees 05
     minutes 04 seconds West,  2,298.59  feet to a point on a nontangent  curve,
     concave northeasterly,  to which point a radial line bears South 17 degrees
     06 minutes 09 seconds West, 1,145.92 feet;

     thence  southeasterly,  along  said  curve,  through a central  angle of 03
     degrees 38 minutes 29 seconds, 72.83 feet:

     thence South 48 degrees 16 minutes 00 seconds  West.  53.96 feet to a point
     that is 100. 00 feet radially distant northeasterly from said centerline of
     main track, said point being on a nontangent curve, concave  northeasterly,
     to which  point a radial  line bears South 12 degrees 00 minutes 57 seconds
     West, 998.70 feet;

     thence northwesterly, concentric with said centerline and along said curve,
     through a central angle of 10 degrees 50 minutes 18 seconds, 188.92 feet to
     the TRUE POINT OF BEGINNING.

     Said parcel contains an area of 59.1 acres, more or less.

                                      271

<PAGE>

                  SCHEDULE 5.6.1(c) ZONING; NON-CONFORMING USE

All uses are conforming under Conditional Use Permits.

See SCHEDULE 5.13 for conditional use permit and grandfathered information.

                                      272

<PAGE>

        SCHEDULE 5.6.1(c)(B) EXCEPTIONS TO ZONING AND NON-CONFORMING USE

                                      NONE

                                      273

<PAGE>

          SCHEDULE 5.6.1(d) CONDEMNATION AND EMINENT DOMAIN PROCEEDINGS

                                      NONE

                                      274
<PAGE>

         SCHEDULE 5.6.1(g) SPECIAL TAXES; PLANNED IMPROVEMENTS; NOTICES

1. Pacific West Royalty LLC property located in Salt Lake County/Utah  County is
included within the boundaries of Salt Lake County Sewage  Improvement  District
#1 and is subject to the charges and assessments made thereby.

                                      275

<PAGE>

SCHEDULE 5.6.1(h) STRIPS AND GORES AFFECTING THE PROPERTY; ABSENCE OF ACCESS
RIGHTS

                                      NONE

                                      276

<PAGE>

                      SCHEDULE 5.6.1(j) STAKER WATER RIGHTS

POINT OF THE MOUNTAIN
None

KEIGLEY QUARRY
SOURCE      CFS      DATE   CERT NO.  APPL. NO.   PLACE OF USE
---------- -----     -----  ------    --------    ------------------
Underg Well .071     1944    4385     A-15661     T9S,R1E,SLM Sec 27
Underg Well .124     1949    4530     A-20729     T9S,R1E,SLM Sec 27

                                      277

<PAGE>

                     SCHEDULE 5.6.1(k) STAKER MINERAL RIGHTS

POINT OF THE MOUNTAIN
None

KEIGLEY QUARRY
Fee Simple ownership in lands described in Schedule 5.6.1(a) - Real Property
Un-patented mining claims - Placer Mining Claims KQ1 through and including KQ38;
Hayes Mill Site Claim No. 1, 2 and 3

                                      278

<PAGE>

             SCHEDULE 5.6.1.1 EXCEPTIONS TO ASSETS IN GOOD CONDITION

None,  except otherwise  indicated on SCHEDULE 1.1A(a) - Acquired Buyer's Assets
as inoperable.

                                      279

<PAGE>

       SCHEDULE 5.6.1.5 REQUIRED CONSENTS TO ASSIGNMENT OF PROPERTY LEASES

SITE- KEIGLEY QUARRY

NONE

SITE- POINT OF THE MOUNTAIN

The prior written  consent of Pacific West Royalty LLC is required to assign the
lease  between   Pacific  West  Royalty  LLC  (Lessor)  and  Staker  Paving  and
Construction  Company,  Inc.  (Lessee)  dated  April  1,  1998.  Will  now  be a
Co-Occupancy Agreement with a combined lease.

The prior written consent of Geneva Rock is required to assign the lease between
UDOT/Geneva Rock and Staker Paving and Construction Company, Inc. dated March 5,
1997.

Water Contract with Salt Lake Water  Conservancy  District for 100 acre feet per
year at $300 per acre foot (good through 2006). Additional water to be purchased
at $10 per 1000 gallons.

                                      280

<PAGE>

                        SCHEDULE 5.6.1.6 VIOLATION OF LAW

                                      NONE

                                      281

<PAGE>

              SCHEDULE 5.6.1.7 ASSETS OUTSIDE OF THE STATE OF UTAH

                                      NONE

                                      282
<PAGE>

                  SCHEDULE 5.6.2(a) LIENS ON PERSONAL PROPERTY

                                      NONE

                                      283

<PAGE>

                SCHEDULE 5.6.2(b) CONDITION OF PERSONAL PROPERTY

No personal property is to remain at the Point of the Mountain  location,  other
than Staker's ready mix plant until it is removed.

                                      284
<PAGE>

                      SCHEDULE 5.8.2 EMPLOYEE BENEFIT PLANS

STAKER EMPLOYEE BENEFIT PLANS:

PENSION

            401(k)

HEALTH AND WELFARE  (self-insured; Plan Administrator, Smith Administrators)

            Medical Coverage
            Dental Coverage - (includes orthodontics)
            Prescription Coverage
            Vision Coverage
            Term Life Coverage - (supplemental  also  available,  employee paid)
            Long Term Care - available (employee paid benefit)

                                      285

<PAGE>

       SCHEDULE 5.8.2(b) OBLIGATIONS TO CONTRIBUTE TO MULTI-EMPLOYER PLANS

                                      NONE

                                      286

<PAGE>

          SCHEDULE 5.8.2(c) OBLIGATIONS TO CONTRIBUTE TO PENSION PLANS

Traditionally,  although  not  mandatory,  Parson  matches  50% of every  dollar
contributed to the company's 401k plan, up to maximum 3%.

                                      287

<PAGE>

                 SCHEDULE 5.8.7 COLLECTIVE BARGAINING AGREEMENTS

                                      NONE

                                      288

<PAGE>

                       SCHEDULE 5.8.7(b) LABOR GRIEVANCES

None pertaining to Keigley Quarry or Point of the Mountain.

                                      289

<PAGE>

                      SCHEDULE 5.9.1 EMPLOYEE COMPENSATION

The following list shows only those employees identified as POSSIBLY coming over
to any of the Sellers from Staker:

EMPLOYEE NAME  LOCATION    JOB CLASSIFICATION           EMPLOYEE DOH   SALARY

*              Keigley     Scale & Screen Operator        10/25/99     $ *
*              Keigley     Dust Mill Operator & Foreman   10/25/99     $ *
*              Keigley     Water Truck Driver              3/24/97     $ *
*              Keigley     Labor/Loader Operator           7/12/00     $ *
*              Keigley     Loader Operator                 8/28/00     $ *
*              Keigley     Loader & Shovel Operator       10/25/99     $ *
*              Keigley     Maintenance                    10/25/99     $ *

*              Lehi        Loader Operator                 3/19/93     $ *
*              Lehi        Loader Operator                 10/4/99     $ *
*              Lehi        Loader Operator                 9/21/98     $ *
*              Lehi        Loader Operator                 7/28/89     $ *
*              Lehi        Scale Operator                  8/30/96     $ *

---------------
*   Omissions denoted by the asterisk are confidential materials separately
    filed with the Securities and Exchange Commission under a pending
    Confidential Treatment Request.

                                      290
<PAGE>

                       SCHEDULE 5.10.1 MATERIAL CONTRACTS

1.  Those Contracts to be assumed by Seller listed on SCHEDULE 1.1A(e).

2.  Those property leases to be assumed by Seller listed on SCHEDULE 1.4(c).

3.  Those Contracts listed on SCHEDULE 5.8.7.

                                      291

<PAGE>

                       SCHEDULE 5.11.1 HAZARDOUS MATERIALS

POINT OF MOUNTAIN
Some stained soil.

KEIGLEY QUARRY
Some stained soil.

Electrical equipment on the property,  such as transformers and capacitors which
may contain PCBs.

Some pipe insulation which may contain asbestos.

                                      292

<PAGE>

                   SCHEDULE 5.11.2 ENVIRONMENTAL REQUIREMENTS

See SCHEDULES 5.5.3,  5.6.1.6, 5.11.1, 5.11.3, 5.11.4, 5.13

                                      293

<PAGE>

                      SCHEDULE 5.11.3 NOTICE OF VIOLATIONS

                                      NONE

                                      294

<PAGE>

                SCHEDULE 5.11.4 POTENTIALLY RESPONSIBLE PARTIES

                                      NONE

                                      295

<PAGE>

                       SCHEDULE 5.13 REGULATORY APPROVALS

SITE- KEIGLEY QUARRY:
--------------------

               DOGM Permit #  M/049/001,  State of Utah,  Division of Oil, Gas &
               Mining.

               Crusher Use (Grand fathered)

               Hot Plant  Conditional  Use Permit,  Appeal #'s 1313 & 1338, Utah
               County Board of Adjustment.

               Ready Mix Plant Conditional Use Permit, Appeal # 1314

               Crusher Air Quality, (Grand fathered on existing equipment)

               Ready Mix Air Quality Permits Pending Approval

               Ready  Mix  Plant is  permitted  as Small  Source  Exemption  for
               250,000 cy per year.

SITE- POINT OF THE MOUNTAIN:
---------------------------

               Crusher Conditional Use Permit,  Appeal # 1182, Utah County Board
               of Adjustment.

               Ready Mix Plant Conditional Use Permit, Appeal #1242

               Ready  Mix  Plant is  permitted  as Small  Source  Exemption  for
               250,000 cy per year.

               Easement  Agreement  with Provo River Water Users  Association to
               pipe over underground canal.

               Water Contract with Salt Lake Water Conservancy  District for 100
               acre feet per year at $300 per acre  foot  (good  through  2006).
               Additional water to be purchased at $10 per 1000 gallons.

                                      296

<PAGE>

                            SCHEDULE 5.14 INVENTORIES

As of March 26, 2001, estimate of Inventories:

KEIGLEY QUARRY
 20,000 tons #4 Minus
 15,000 tons 1 1/2" Rock
 15,000 tons Fluxstone
  2,000 tons 4" Minus
  5,000 tons Crushed Cobble Rock
 21,000 tons Commercial Roadbase

KEIGLEY DUST MILL (AT KEIGLEY QUARRY)
    100 tons of Bulk Rock Dust
    435 Pallets
124,000 Rock Dust Bags

POINT OF THE MOUNTAIN
 1,000 tons 1/8" minus sand
18,000 tons #4 minus Crusher fines
31,000 tons #4 minus sand
 3,000  tons #4 X #6 Fines
 5,000 tons 3/8" X #4 Rock
 1,000 tons 1/2" X #4 Rock
 2,000  tons 3/4" X 1/2" Rock
 6,000  tons 7/8" X 3/8" Rock
 2,000 tons 1 1/2" X   7/8" Rock
97,000 tons 3/4" Roadbase

                                      297

<PAGE>

                             SCHEDULE 5.17 CUSTOMERS

SITE- KEIGLEY QUARRY
1.          *
2.          *
3.          *
4.          *
5.          *
6.          *
7.          *
8.          *
9.          *
10.         *

SITE- POINT OF MOUNTAIN
1.          *
2.          *
3.          *
4.          *
5.          *
6.          *
7.          *
8.          *
9.          *
10.         *

---------------
*   Omissions denoted by the asterisk are confidential materials separately
    filed with the Securities and Exchange Commission under a pending
    Confidential Treatment Request.

                                      298

<PAGE>

                         SCHEDULE 5.18 PRODUCT LIABILITY

                                      NONE

                                      299

<PAGE>

                       SCHEDULE 5.20 SUFFICIENCY OF ASSETS

                                      NONE

                                      300
<PAGE>

                             SCHEDULE 6.2 EMPLOYEES

*                                                 Dispatch Manager

*                                                 Dispatcher

*                                                 Dispatcher

*                                                 R/M Supervisor

---------------
*   Omissions denoted by the asterisk are confidential materials separately
    filed with the Securities and Exchange Commission under a pending
    Confidential Treatment Request.

                                      301

<PAGE>

               SCHEDULE 7.3 PROPERTIES NEEDING POWERS OF ATTORNEY

Leland Yard

                                      302
<PAGE>

                   SCHEDULE 9.4(a) PROPERTIES TO BE SUBDIVIDED

SITE 91- LELAND YARD

Leland Yard (co-occupancy and Seller has the right to use the main office, shop
and gravel stock pile)

                                      303

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