PART I. FINANCIAL INFORMATION

EX-10.232 4 p67796exv10w232.txt EX-10.232 Exhibit 10.232 CIT Tel: 800 ###-###-#### Equipment Rental and Finance--US P.O. Box ###-###-#### W. Fountainhead Parkway Tempe, AZ ###-###-#### Tempe, AZ 85282 www.cit.com [CIT LOGO] Ready Mix, Inc. 3430 E. Flamingo Rd. #100 Las Vegas, NV 89121-5018 RE: AMENDMENT OF REVOLVING LOAN AGREEMENT Gentlemen: Reference is made to the Revolving Loan Agreement, dated July 27, 2001, as amended (the "Loan Agreement"), between Ready Mix, Inc., (the "Company") and The CIT Group/Equipment Financing, Inc. ("CIT"). The Loan Agreement shall be amended as follows: 1. Section 1 of the Loan Agreement: "governing rate" plus 1.50%, is amended to ----- read: "governing rate" plus 1.25%. ----- Except as modified herein, the Loan Agreement and all documents executed in connection therewith shall continue in full force and effect. Sincerely, The CIT Group/Equipment Financing, Inc. By Title: ------------------ ---------- ACKNOWLEDGED AND AGREED TO: GUARANTOR ACKNOWLEDGEMENT: Ready Mix, Inc. Meadow Valley Corporation By:/s/ Clint Tryon Title: Sec/Treas. By:/s/ Kenneth D. Nelson Title: V.P. ----------------- ---------- --------------------- --------- April 1, 2003 Meadow Valley Contractors, Inc. By:/s/ Bradley E. Larson Title: President --------------------- ----------