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Exhibit 10.4    
    

 
 

Flamingo Pecos Plaza    
    

March 30,
2001 

Mr. Robert
Morris

Ready Mix Inc.

3430 East Flamingo Road, Suite 100

Las Vegas, NV 89121 

Dear
Robert: 

        Our
records indicate that your Lease dated September 25, 1996, last amended August 28, 2000, will expire April 30, 2001. In this regard, your occupancy can be
extended from May 1, 2001 through April 30, 2002 under the following terms and conditions: 

	•
	The
new Base Monthly Rent shall be $3,400, excluding parking and signage.

	•
	Lessor
provides consent to Lessee to install and maintain two (2) small satellite dishes ("Equipment") on the roof of the Building. The location of the Equipment is
to be at Lessor's sole discretion. In no event shall the Equipment be visible from the street.

	•
	Lessee
shall be solely responsible for the maintenance and insurance of the Equipment. Lessee shall also be solely responsible for the prompt removal of the Equipment upon
termination of this Lease or, if a default occurs under this Lease, for prompt removal at Lessor's request. Lessee shall be required to restore the roof area to its original condition and to repair
any damage to the building that occurs as a result of the installation, maintenance and/or removal of the Equipment. Lessor shall have no liability for matters relating to the Equipment and the
maintenance thereof, and Lessee agrees to hold Lessor harmless against any and all claims arising out of the use and maintenance of said Equipment.

	•
	In
accordance with the Building's General Rule #15, at no time is the Lessee, Lessee's employees or invitees permitted to go upon the roof of the building.  Lessee shall contact Lessor for prior consent to access the roof each
and every time that access is necessary. Lessee acknowledges that access to the
roof is at it's own risk and that Lessor has no liability whatsoever to Lessee, Lessee's employees, invitees or other parties in this regard. 

        If
you wish to extend your occupancy under the above terms, please sign and date the bottom portion of this letter and return it to me no later than April 18, 2001. If you will
not be extending your occupancy, please be sure to provide us with the required advance written notice of your intent to vacate the suite together with your last month's rent. 

        We
have enjoyed having you as a tenant, and we hope that you will choose to extend your lease. 

Yours
truly, 

   

Marie C. Paige

Manager 

        The
above terms are agreed to and accepted this        day of April, 2001. All other terms and conditions of the referenced lease remain unchanged. 

	/s/ Robert R. Morris
	 	 

3430 East Flamingo Road, Suite 239, Las Vegas, NV 89121

(702) 456-6660  

 
 

AMENDMENT TO LEASE
  Meadow Valley Corporation, dba Ready Mix, Inc.    
    

        The Lease dated September 26, 1996, as previously amended, for Suite 100 by and between Meadow Valley Corporation, dba Ready Mix, Inc., as Lessee
and Shoppe & Go as Lessor is hereby amended as follows: 

	•
	Effective
July 1st, 2003 ("Effective Date"), the Premises shall be expanded to include Suite 200 that contains approximately 850 square feet and Suite 244 that
contains approximately 400 square feet for a total expansion of 1,250 square feet ("Expansion Space"). As a result, Lessee's Premises (i.e. Suites 100, 200, 206, 244 and 250) shall total 3,766 square
feet.

	•
	The
Term of the Lease for the Premises shall expire April 30, 2005.

	•
	On
the Effective Date through April 30, 2004, the Base Rent for the Premises shall be $5,865 per month (including $1,900 for the Expansion Space). The Base Rent shall
be adjusted to $5,955 on May 1, 2004.

	•
	Lessee
shall receive a rent credit of $1,900 during the month of July, 2003. Lessee has a Sec Dep of $2400—our record for
#100-9-24-96

	•
	Lessee's
Security Deposit shall be increased (1900) to $4300 no later than the Effective Date. 244 & 200 Sec Dep.

	•
	Covered
parking and signage rents are in addition to the above Base Rent. 

        All
other terms and conditions of this Lease shall remain unchanged. The above terms are accepted this 30th day of June, 2003. 

	Lessor:	 	Lessee:
	

/s/ Marie Paige
	
 	

Ready Mix, Inc.

	By:	Marie Paige	 	By:	/s/ Robert R. Morris
	 	Building Manager	 	Its:	President

 
 

Flamingo Pecos Plaza    
    

March 25,
2002 

Mr. Robert
Morris

Ready Mix, Inc.

3430 East Flamingo Road, Suite 100

Las Vegas, NV 89121 

Dear
Robert: 

        Our
records indicate that your Lease dated September 25, 1996 will expire April 30, 2002. In this regard, your occupancy can be extended for a two-year period
commencing May 1, 2002 through April 30, 2004 at the following new base monthly rental rates: 

From
May 1, 2002 through April 30, 2003: $3,425 per month 

        If
you wish to extend your occupancy for two years, please sign and date the bottom portion of this letter and return it to me no later than April 15, 2002. If you will not be
extending your occupancy, please be sure to provide us with advance written notice of your intent to vacate the suite together with your last month's rent. 

        We
have enjoyed having you as a tenant, and we hope that you will choose to extend your Lease. 

Yours
truly, 

/s/
Marie C. Paige 

Marie
C. Paige

Manager 

        The
above terms are agreed to and accepted this 15th day of April, 2002. All other terms and conditions of the referenced Lease remain unchanged. 

	/s/ Robert R. Morris
	 	 

   

3430 East Flamingo Road, Suite 239, Las Vegas, NV 89121

(702) 456-6660  

 
 

AMENDMENT TO LEASE
  Meadow Valley Corporation, dba Ready Mix, Inc.
  April 28, 2004    
    

        The Lease dated September 26, 1996, as previously amended, for Suite 100 by and between Meadow Valley Corporation, dba Ready Mix, Inc., as Lessee
and Shoppe & Go, as Lessor, is hereby amended as follows: 

	•
	Effective
May 1, 2004 ("Effective Date"), the Premises shall be expanded to include Suite 236 that contains approximately 169 square feet ("Expansion Space"). As a
result, Lessee's Premises (i.e. Suites 100, 200, 206, 244, 250 and the Expansion Space) shall total 3,935 square feet.

	•
	The
Term of the Lease for the Premises shall expire April 30, 2005.

	•
	On
the Effective Date through April 30, 2005, the Base Rent for the Premises shall be $6,225 which includes the scheduled 5/1/04 increase on the prior space. 

        All
other terms and conditions of this Lease shall remain unchanged. The above terms are accepted this 28th day of April, 2004. 

	Lessor:	 	Lessee:

Meadow Valley Corporation

Ready Mix, Inc.
	

/s/ Marie Paige
	
 	

/s/ Robert R. Morris

	by: Marie Paige	 	by: Robert R. Morris (print name)
	Its: Building Manager	 	Its: President (print title)

 
 

AMENDMENT TO LEASE
  Meadow Valley Corporation, dba Ready Mix, Inc.    
    

        The Lease dated September 25, 1996, as previously amended, for Suite 100 by and between Meadow Valley Corporation, dba Ready Mix, Inc., as Lessee
and Shoppe & Go as Lessor is hereby amended as follows: 

	•
	Effective
November 1st, 2004 ("Effective Date"), the Premises shall be expanded to include Suite 237 that contains approximately 190 square feet ("Expansion Space").
As a result, Lessee's Premises (i.e. Suites 100, 200, 206, 236, 237, 244 and 250) shall total 4,125 square feet.

	•
	The
Term of the Lease for the Premises shall expire April 30, 2005.

	•
	On
the Effective Date through April 30, 2005, the Base Rent for the Premises shall be $6,575 per month.

	•
	Covered
parking and signage rents are in addition to the above Base Rent. 

        All
other terms and conditions of this Lease shall remain unchanged. The above terms are accepted this 29th day of October, 2004. 

	Lessor:	 	Lessee:
	

/s/ Marie Paige	
 	

 
	
	 	

	By: Marie Paige	 	By: Robert R. Morris
	Its: Building Manager	 	Its: President

        Parking
spaces #5 and #8 are free with this amendment to lease till lease expires. 

	 	 	/s/ Marie Paige

QuickLinks

Exhibit 10.4

Flamingo Pecos Plaza

AMENDMENT TO LEASE Meadow Valley Corporation, dba Ready Mix, Inc.

Flamingo Pecos Plaza

AMENDMENT TO LEASE Meadow Valley Corporation, dba Ready Mix, Inc. April 28, 2004

AMENDMENT TO LEASE Meadow Valley Corporation, dba Ready Mix, Inc.QuickLinks
 -- Click here to rapidly navigate through this document
  

 
 

Exhibit 10.5    
    

 
 

EMPLOYMENT AGREEMENT    
    

        THIS
EMPLOYMENT AGREEMENT is entered into as of the 1st day of February 2005, by and between Ready Mix, Inc., a Nevada corporation (the "Employer"), and Robert R. Morris
(the "Employee"). 

        The
Employer hereby employs the Employee on a full-time basis, and the Employee hereby accepts such full-time employment on the terms and conditions hereinafter
set forth. 

        1.    EMPLOYMENT.    Employee is employed as the President of Ready Mix, Inc. ("RMI").
Employee shall perform all duties as outlined herein and as may be assigned by the Employer and shall devote full time, attention and loyalty to the affairs of the Employer. The duties of the Employee
shall specifically be: 

        A)   Complete
responsibility for the operational and financial aspects of RMI, including profit and loss responsibility. 

        B)    To
select, hire and maintain qualified management personnel and to administer and review annually the performance of each person within his direct supervision and adjust
compensation in accordance with the Employer's guidelines and subject to the prior approval of the Chief Executive Officer. 

        C)    To
oversee the selection, preparation and submission of materials sales quotes and proposals and to determine profit margins in order to maximize Employer's
profitability. 

        D)   To
oversee the preparation of operating budgets for submission to the Chief Executive Officer for approval, to insure that cost controls are in place and utilized to
accurately track production and delivery costs, to monitor customer schedules to insure timely and accurate delivery of products and to provide decision-making and problem-solving assistance in all
aspects of RMI. To oversee the negotiation, preparation and execution of all purchase agreements, credit policies and other agreements within RMI. 

        E)    To
maintain and promote relationships with customers and owners with whom the Employer conducts business. 

        F)    To
insure that periodic reporting such as monthly production reports and other cost and revenue reports as required by management are prepared and submitted correctly and
on a timely basis. 

        G)   To
prepare and submit to annual operating budgets and capital expenditure budgets and periodic forecasts as required. 

        H)   To
resolve complaints and/or claims relating to RMI, or to provide assistance in preparing for and presenting the Employer's position in claims hearings. 

        I)     To
provide input and counsel to strategic and business plans for the Employer. 

        J)     To
assist in any other projects or duties as may be assigned by the Chief Executive Officer. 

        2.    TERM.    Subject to the provisions of termination provided in paragraph 12, the
term of this Agreement shall be three years from the date of execution or from the date of the most recent renewal. Subject to a mandatory annual review ("Review") of the Employee's performance by the
Board Compensation Committee ("Committee"). This Agreement may be renewed annually by majority vote of the Committee. 

1

 

        3.    COMPENSATION.    Employee shall receive a base salary of One Hundred Twenty-seven
Thousand dollars ($127,000) per year, payable in accordance with the regular payroll practices of Employer, and subject to applicable deductions of withholding taxes and other customary employment
taxes. The Chief Executive Officer shall review Employee's salary at a minimum annually and may adjust Employee's salary upward to recognize improvement, achievement or expansion of Employee's
responsibilities subject to approval of the Board Compensation Committee. 

        Employee
shall participate in cash incentive plans as currently existing or as amended or adopted in the future by the Compensation Committee of Board of Directors. Cash bonus plans are
subject to annual review and/or change as recommended by the Compensation Committee and approved by the Board of Directors. 

        4.    OPTIONS TO ACQUIRE COMMON STOCK.    Employee is eligible to participate in the Ready
Mix, Inc. 2005 Equity Incentive Plan. Future grants of stock options shall be subject to the discretion of board of directors of RMI. 

        5.    EMPLOYEE BENEFITS.    Employer shall provide to Employee, and to the Employee's
dependents, a comprehensive major medical, health, and dental insurance program comparable to the programs normally provided by other employers in the same industry and marketplace, and the Employer
shall pay the cost of the Employee's portion of the premium. Insurance coverage may be subject to pre-existing condition limitations. 

        At
Employer's cost at no greater than reasonable market rates, and subject to verification of insurability, Employer will maintain a life insurance policy covering Employee, with at
least $500,000 of death benefits being payable to Employee's estate or other beneficiaries designated by Employee. 

        Employer
agrees to provide Employee with an automobile for business-related use. In addition to the cost of the vehicle itself, Employer shall pay, directly or by reimbursement to
Employee, for all maintenance, fuel, repairs, insurance, operating and other costs incidental thereto. 

        Employer
shall pay for, or reimburse Employee for, dues for his membership in industry related associations perceived as beneficial to Employer and as approved by the Chief Executive
Officer. 

        So
long as it is within the guidelines of the respective plan, Employee shall be given the opportunity to participate in the Employer's 401(k) plan. 

        6.    HOLIDAYS AND VACATION.    

        A)   Employee
shall be paid for the following seven (7) holidays: New Year's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and the day after
Thanksgiving, and Christmas Day and all other holidays for Employees of the Employer as approved by the Chief Executive Officer or Board of Directors. 

        B)    Employee
is entitled to one week vacation after six months of continuous employment, two weeks vacation after one year of continuous employment and three weeks vacation
after the fifth year of continuous employment. In accordance with the Employer's vacation policy, unused vacation time does not carry over from year to year, has no monetary value and will not be paid
as compensation in lieu of vacation. All other conditions with respect to vacations shall be consistent with the Employer's vacation and holiday policy. 

        7.    RESPONSIBILITIES OF EMPLOYEE.    The Employee shall devote such reasonable time as is
necessary or is deemed reasonably necessary by the Employer to carry out all required duties and will devote full time to the Employer during normal business hours. The Employee shall at all times
faithfully, with diligence and to the Employee's best good faith ability, experience and talents, perform all the duties that may be required pursuant to the express terms hereof to the reasonable
satisfaction of the Employer, in accordance with customary professional standards. 

2

 

        8.    WORKING FACILITIES.    The Employee shall be furnished with all facilities and services
suitable to Employee's position and adequate for the performance of Employee's duties. 

        9.    EXPENSES.    The Employee is authorized to incur reasonable expenses for promoting
business of the Employer, including expenses for entertainment, travel and similar items. The Employer shall reimburse the Employee for all such expenses on the presentation by the Employee of
itemized and adequately documented accounts of such expenditures. 

        10.    TERMINATION.    This Employment Agreement may be terminated under the following
circumstances: 

        A)    WITHOUT CAUSE.    Employer may terminate this Agreement at any time upon thirty
(30) days written notice to Employee, but Employer shall be obligated to pay to Employee compensation in a lump sum for the balance of the term of this Agreement within 30 days of
termination, unless Employee agrees to other payment terms. 

        B)    VOLUNTARY TERMINATION BY EMPLOYEE WITHOUT CAUSE.    Employee may terminate this
Agreement at any time upon thirty (30) days written notice to Employer and Employer shall be obligated, in that event, to pay Employee compensation up to the date of the termination only.
Employer, at its sole discretion, shall decide the exact date of termination and Employee may be required to continue to provide services for up to 90 days from the date of receipt of notice of
termination. Payment of compensation shall be made in cash within 30 days of termination, unless Employee agrees to other payment terms. 

        C)    TERMINATION BY EMPLOYER FOR REASONABLE CAUSE.    The Employer may terminate this
Agreement for reasonable cause upon thirty (30) days written notice to the Employee and Employer shall be obligated, in that event, to pay Employee compensation up to the date of termination
only. For purposes hereof, "cause" shall be defined as meaning (i) such conduct by the Employee which constitutes material breach of this Agreement which is not cured within ninety
(90) days of written notice to the Employee of said alleged breach or (ii) a material failure to competently perform Employee's duties as stated in paragraph 1 in accordance with
applicable professional standards as stated in paragraphs 1 and 8 hereof provided that Employer has previously given Employee written notice and a reasonable opportunity to remedy such failure and
such failure has a materially adverse effect on the business or financial condition of Employer or (iii) material breach of Employee's fiduciary duty and such breach has a material adverse
effect on the business or financial condition of Employer or (iv) egregiously improper or illegal conduct of the Employee which, in the Employer's sole discretion, has a material adverse affect
on Employer. 

        D)    TERMINATION BY EMPLOYEE FOR REASONABLE CAUSE.    Employee may terminate this Agreement
for cause. In such event, Employer shall be obligated to pay Employee compensation in lump sum equivalent to one year of the Employee's base salary within 30 days of termination or as Employee
shall agree. For this purpose "cause" shall mean (i) a material breach of this Agreement by Employer or (ii) failure of Employer to pay any amount owed Employee hereunder at the time and
in the amount due or (iii) failure of Employer to follow applicable law or (iv) egregiously improper conduct with respect to dealing with Employee or in a manner which brings discredit
to Employee. 

        11.    RESTRICTIVE COVENANTS IN THE EVENT OF TERMINATION.    In the event the Employment
Agreement is terminated pursuant to the terms of paragraph 10B or 10C hereof, then, and in that event, the Employee agrees that, as a material inducement to the Employer entered into 

3

 

this
Agreement, and for good and valuable consideration, Employee agrees, that for a period of two years following the date of termination, the Employee will comply with the following covenants: 

        A)    ANTI-PIRACY COVENANT.    

        1)    CUSTOMERS.    Employee shall not solicit, bid or sell to or otherwise offer to engage in
the sale of products substantially similar to that produced and sold by Employer, any and all customers of Employer with which Employee had contact at anytime during the course of the employment under
the terms of this Employment Agreement and/or were customers or clients of Employer at the time of the termination of this Agreement. 

        2)    EMPLOYEES.    Employee shall not solicit, provide offers, hire, engage, retain or
otherwise employ, directly or indirectly, as Employees or independent contractors, any employee of Employer employed by Employer at the time of the termination of this Agreement or at anytime prior to
one year thereof. 

        B)    COVENANT NOT TO DISCLOSE.    Employee shall not disclose to any person, any information
relating to the business of Employer, including, but not limited to, financial or economic status or statements, any and all methods of bidding, including profit margins, or any other information of a
confidential or sensitive character maintained by Employer. 

        C)    NON-COMPETE.    Employee agrees not to accept employment, either directly or
indirectly, as an independent contractor or employee with any person, firm, corporation, partnership or other business entity, of any kind, nature or description which competes, directly or indirectly
in the same product or industry of Employer in any geographical market in which Employer is doing business at the time of the termination of the Agreement. 

        12.    CONFIDENTIALITY.    Employee agrees not to disclose any confidential, proprietary
competitively sensitive information to persons who are not employees, directors, lenders, bonding agents, insurance companies or advisors of the Employer, except as required by law, without prior
consent of the Employer; provided however, any disclosure involving this paragraph shall not result in a breach of this Agreement unless the disclosure has a materially adverse effect on the Employer. 

        13.    NOTICES.    All notices, demands, and communications given under this Agreement
("Notice") shall be in writing and delivered personally or sent by registered or certified mail, return receipt requested, in the United States mail, postage prepaid, addressed as follows: 

If
to Employer: 

Ready
Mix, Inc.

3430 E. Flamingo, Suite 100

Las Vegas, NV 89121 

If
to Employee: 

_________________________________

_________________________________

_________________________________

or
at such other address as a party may from time to time designate by Notice hereunder. Notice shall be effective upon delivery in person, or if mailed, at midnight on the third business day after
the date of mailing. 

        14.    ASSIGNMENT OF AGREEMENT.    Neither party may assign or otherwise transfer this
Agreement or any of its rights or obligations hereunder without the prior written consent to such assignment or transfer by the other party hereto; and all the provisions of this Agreement shall be 

4

 

binding
upon the respective employees, successors, heirs and assigns of the parties; provided, however, the benefits payable to Employee hereunder in the event of disability or death or incapacity are
payable to Employee's spouse or personal representative. 

        15.    SURVIVAL OF REPRESENTATIONS, WARRANTIES AND COVENANTS.    This Agreement and the
representations, warranties, covenants and other agreements (however characterized or described) by both parties and contained herein or made pursuant to the provisions hereof shall survive the
execution and delivery of this Agreement. 

        16.    FURTHER INSTRUMENTS.    The parties shall execute and deliver any and all such other
instruments in reasonable mutually acceptable form and substance and shall take any and all such other actions as may be reasonably necessary to carry the intent of the Agreement into full force and
effect. 

        17.    SEVERABILITY.    If any provision of this Agreement shall be held, declared or
pronounced void, voidable, invalid, unenforceable or inoperative for any reason by any court of competent jurisdiction, governmental authority or otherwise, such holding, declaration or pronouncement
shall not affect adversely any other provision of this Agreement, which shall otherwise remain in full force and effect and be enforced in accordance with its terms, and the effect of such holding,
declaration or
pronouncement shall be limited to the territory of jurisdiction in which made. In the event that any provision of this Agreement shall be held to be overly broad and, therefore, unenforceable, the
parties agree that the Court, or other dispute resolution authority, shall have the power and obligation to revise or restrict the provisions in order to provide the parties the fullest protections
permitted by law consistent with the intentions of the parties as evidenced hereby. 

        18.    WAIVER.    All the rights and remedies of either party under this Agreement are
cumulative and not exclusive of any other rights and remedies provided by law. No delay or failure on the part of either party in the exercise of any right or remedy arising from a breach of this
Agreement shall operate as a waiver of any subsequent right or remedy arising from a subsequent breach of this Agreement. The consent of any party where required hereunder to any act or occurrence
shall not be deemed to be a consent to any other act or occurrence. 

        19.    GENERAL PROVISIONS.    This Agreement shall be construed and enforced in accordance
with, and governed by, the laws of the state of Arizona. Except as otherwise expressly stated herein, time is of the essence in performing under this Agreement. This Agreement embodies the entire
agreement and understanding between the parties and supersedes all prior agreements and understandings relating to the subject matter of this Agreement as it relates to the parties' duties and
obligations from and after February 1, 2005, and this Agreement may not be modified or amended or any term or provision hereof waived or discharged except in writing signed by the party against
whom such amendment, modification, waiver or discharge is sought to be enforced. The headings of this Agreement are for convenience in reference only and shall not limit or otherwise affect the
meaning thereof. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original but all of which taken together shall constitute one and the same instrument. 

        20.    SPECIAL RIGHT OF EMPLOYEE UNDER CERTAIN CIRCUMSTANCES.    During the term of this
Agreement, if the Employer is involved in a merger, consolidation or other business combination in which the Employer is not the surviving and controlling entity and as a result thereof, the Employee
is required to relocate outside the city of his current residence in a manner not objectively reasonable, then Employee shall have the following rights: 

        A)   To
terminate this Agreement with 30 days prior notice, in which event Employer shall pay Employee as if there were a termination without cause by the Employer; and 

        B)    All
options granted shall, to the extent not specifically prohibited by the stock option plan then in effect, vest immediately and be exercisable within one year of the
termination notice provided in A above. 

5

 

        IN
WITNESS WHEREOF, the parties have executed this Agreement on the day and year first above written. 

	

 	
 	

READY MIX, INC.
	

    
 Employee	
 	

By	
 	

    
 Chief Executive Officer

6

QuickLinks

Exhibit 10.5

EMPLOYMENT AGREEMENT

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