Exhibit 10.244
EQUIPMENT SCHEDULE NO. 3, dated September 8, 2003, to Master Lease Agreement,
dated March 31, 2003, between THE CIT GROUP/EQUIPMENT FINANCING, INC.
("Lessor") and Meadow Valley Contractors, Inc. ("Lessee").
This Equipment Schedule incorporates the terms and conditions of the
above-referenced Master Lease Agreement.
This is Originally Executed Copy No. 1 of 1 originally executed copies. Only
transfer of possession by Lessor of Originally Executed Copy No. 1 shall be
effective for purposes of perfecting an interest in this Schedule by possession.
The Equipment listed on this Schedule will be located at
▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇
--------------------------------------------------------------------------------
Address City County State Zip Code
LEASE TERM: The terms of this Lease for the items described in this Schedule
shall be 60 months.
RENTALS: For said term or any portion thereof, Lessee shall pay to Lessor the
stated aggregate rentals, of which $ is herewith paid in advance and the
balance of the rentals is payable in 60 equal, successive, monthly payments as
stated, of which the first is due on the first monthly rental date set forth
below, and the others on a like date of each month thereafter, until fully paid.
Item Description of Equipment Aggregate Monthly
No. (Include make, kind of unit, Rental Rental
year, model and serial number.)
-------- ------------------------------------------------------ ----------- --------
One (1) Caterpillar Model 623F Scraper, S/N 6BK00104 234,917.40 3,915.29
-------- ------------------------------------------------------ ----------- --------
And all additions, substitutions, attachments,
replacements and accessions
-------- ------------------------------------------------------ ----------- --------
thereof, plus the proceeds of all the foregoing.
-------- ------------------------------------------------------ ----------- --------
Item Date Lease Term Date of First Renewals Purchase
No. Commences Monthly Rental (No. of Years and Option
Amount per Year) Price
-------- ---------------------------- ------------------ ----------------- --------
N/A 1.00
-------- ---------------------------- ------------------ ----------------- --------
Page 1 of 2
Exhibit 10.244
The Lease term commences on 9-9-03 Funded Date
The first Monthly Rental is due on 10-9-03
The Lease term may be renewed for - months with the Monthly Rental for such
renewal term of N/A
The Lessee has the option to purchase the Equipment as of the last day of the
initial Lease term for $1.00
Special Provisions Instructions
ACCEPTED:
LESSEE:
Meadow Valley Contractors, Inc.
By /s/ ▇▇▇▇▇ ▇▇▇▇▇ Title Sec / Treas.
--------------- ----------------
LESSOR:
The CIT Group/Equipment Financing, Inc.
--------------------------------------------
By Title
--------------- ----------------
Page 2 of 2