<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported) -- September 1, 1994
MAPCO INC.
(Exact name of registrant as specified in its charter)
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<S> <C> <C>
Delaware 1-5254 73-0705739
- ------------------ ----------------- ---------------------
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
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<S> <C>
1800 South Baltimore Avenue
Tulsa, Oklahoma 74119
--------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
</TABLE>
Registrant's telephone number, including area code (918) 581-1800
Not Applicable
(Former name or former address, if changed since last report)
<PAGE> 2
Item 2. Acquisition or Disposition of Significant Amount of Assets.
On September 1, 1994, MAPCO Inc. (the "Company" or the
"Registrant") through its wholly-owned subsidiaries, MAPCO Natural Gas Liquids
Inc. and MAPCO Petroleum Inc. (and its subsidiary, MAPCO Florida Inc.),
completed the acquisition of the assets of Emro Propane Company, a subsidiary
of Emro Marketing, which is a wholly-owned subsidiary of Marathon Oil
(hereinafter "Emro"). The Company signed a non-binding letter of intent for
the purchase of these assets on June 9, 1994, which was previously reported on
Form 8-K filed with the Securities and Exchange Commission on June 13, 1994.
The Registrant acquired the Emro assets by the payment of $178,046,000
and the transfer to Emro of MAPCO Florida Inc.'s retail marketing assets in
Florida. The cash payment was financed through the issuance by the Company of
commercial paper through Goldman Sachs Money Markets, L.P. and through
borrowings pursuant to uncommitted lines of credit with Bank of America
National Trust & Savings Association, Chemical Bank and J.P. Morgan Guaranty
Trust Company.
The assets acquired are retail propane plants in the states of
Illinois, Indiana, Michigan and Ohio. The assets which were transferred by the
Company to Emro are retail petroleum convenience stores located in the State of
Florida.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statements of Business Acquired. At this
time it would be impracticable for the Registrant to provide the required
financial statements. Such financial statements will be filed by the
Registrant on Form 8 within 60 days after this report on Form 8-K must be
filed.
(b) Pro Forma Financial Information. At this time it
would be impracticable for the Registrant to provide the required financial
statements. Such financial statements will be filed by the Registrant on Form
8 within 60 days after this report on Form 8-K must be filed.
(c) Exhibits. A copy of the Purchase and Sale Agreement
dated August 3, 1994, is annexed hereto as an exhibit. The Agreement with all
exhibits attached thereto was not executed until September 1, 1994, the date of
closing of the acquisition.
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities and Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
MAPCO INC.
By: /s/ James N. Cundiff
Name: James N. Cundiff
Title: Assistant General Counsel and
Assistant Secretary
Date: September 12, 1994
<PAGE> 4
INDEX TO EXHIBITS
Exhibit 10 - Purchase and Sale Agreement dated August 3, 1994
<PAGE> 1
CONFIDENTIAL
PURCHASE AND SALE AGREEMENT
dated August 3, 1994
between
Emro Propane Company,
a Michigan Corporation,
Emro Marketing Company,
a Delaware Corporation
and
MAPCO Natural Gas Liquids Inc.,
a Delaware Corporation,
MAPCO Petroleum Inc.,
a Delaware Corporation,
MAPCO Florida Inc.,
a Delaware Corporation
<PAGE> 2
TABLE OF CONTENTS
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ARTICLE I: DEFINITIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
- ----------------------
1.1 "Accounts Receivable" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
1.2 "Accounts Receivable Price" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
1.3 "Additional Agreements" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
1.4 "Applicable Laws" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
1.5 "Assets" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
1.6 "Asset Purchase Price" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
1.7 "Assumed Liabilities" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
1.8 "Business" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
1.9 "Closing" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
1.10 "Closing Date" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
1.11 "Contracts" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
1.12 "Effective Time" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
1.13 "Equipment" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
1.14 "Excluded Assets" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
1.15 "Excluded Station Assets" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
1.16 "Final Adjustment Certificate" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
1.17 "Hazardous Materials" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
1.18 "Hydrocarbon" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.19 "Inventory" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.20 "Inventory Price" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.21 "Land" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.22 "Motor Fuel Assets" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.23 "Net Purchase Price" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.24 "Other Assets" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.25 "Permitted Encumbrances" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.26 "Petroleum" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.27 "Purchase Price Allocation" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.28 "Records" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.29 "Stations" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.30 "Station Equipment" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.31 "Station Inventory" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.32 "Station Inventory Price" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.33 "Station Liabilities" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
ARTICLE II: PURCHASE AND SALE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
- -----------------------------
2.1 Transaction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
-----------
2.2 The Motor Fuel Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
---------------------
ARTICLE III: PURCHASE PRICE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
- ---------------------------
3.1 Net Purchase Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
------------------
3.2 Post Closing Receipt of Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
--------------------------------
3.3 Estimate of Net Purchase Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
------------------------------
3.4 Final Determination of Net Purchase Price . . . . . . . . . . . . . . . . . . . . . . . . . . 8
-----------------------------------------
3.5 Proration of Certain Items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
--------------------------
3.6 Propane Tank Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
----------------------
3.7 Accounts Receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
-------------------
3.8 Adjustment for Natural Gas Encroachment. . . . . . . . . . . . . . . . . . . . . . . . . . . 14
----------------------------------------
ARTICLE IV: DISCLAIMERS, REPRESENTATIONS AND WARRANTIES OF EPC . . . . . . . . . . . . . . . . . . . . . . . 15
- --------------------------------------------------------------
4.1 Disclaimers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
-----------
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4.2 Organization and Qualification . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
------------------------------
4.3 Authority . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
---------
4.4 Required Third Party Consents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
-----------------------------
4.5 No Conflict . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
-----------
4.6 Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
-----------
4.7 Absence of Changes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
------------------
4.8 Claims and Litigation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
---------------------
4.9 Taxes and Assessments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
---------------------
4.10 Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
---------
4.11 Equipment; Other Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
-----------------------
4.12 Title to Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
---------------
4.13 Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
----
4.14 Employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
---------
(a) Compliance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
----------
(b) Unions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
------
4.15 Employee Benefit Plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
----------------------
4.16 Contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
---------
4.17 Environmental Matters-The Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
------------------------------
4.18 Financial and Operational Information. . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
-------------------------------------
ARTICLE V: REPRESENTATIONS AND WARRANTIES OF EMC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
5.1 Organization, Qualification of EMC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
----------------------------------
5.2 Authority . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
---------
5.3 Necessary Authorizations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
------------------------
5.4 No Conflict . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
-----------
5.5 Litigation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
----------
ARTICLE VI: REPRESENTATIONS AND WARRANTIES OF MNGL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
- --------------------------------------------------
6.1 Organization, Qualification of MNGL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
-----------------------------------
6.2 Authority . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
---------
6.3 Necessary Authorizations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
------------------------
6.4 No Conflict . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
-----------
6.5 Litigation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
----------
ARTICLE VII: DISCLAIMERS, REPRESENTATIONS AND WARRANTIES OF MPI AND MFI . . . . . . . . . . . . . . . . . . . 24
- -----------------------------------------------------------------------
7.1 Disclaimers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
-----------
7.2 Organization and Qualification . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
------------------------------
7.3 Authority . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
---------
7.4 Required Third Party Consents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
-----------------------------
7.5 No Conflict . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
-----------
7.6 Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
-----------
7.7 Absence of Changes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
------------------
7.8 Claims and Litigation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
---------------------
7.9 Taxes and Assessments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
---------------------
7.10 Station Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
-----------------
7.11 Station Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
-----------------
7.12 Title to Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
---------------
7.13 Stations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
--------
7.14 Station Employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
-----------------
7.15 Employee Benefit Plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
----------------------
7.16 Contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
---------
7.17 Environmental Matters-The Stations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
----------------------------------
7.18 Financial and Operational Information. . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
-------------------------------------
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ARTICLE VIII: COVENANTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
- -----------------------
8.1 Operation of Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
---------------------
8.2 Operation of the Motor Fuel Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
----------------------------------
8.3 Access . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
------
8.4 Hart-Scott-Rodino Filings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
-------------------------
8.5 Confidentiality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
---------------
8.6 Conditions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
----------
8.7 Maintenance of and Access to Records . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
------------------------------------
8.8 Contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
---------
8.9 Permissions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
-----------
8.10 Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
---------
8.11 Internal Revenue Code 1031 Exchanges . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
------------------------------------
ARTICLE IX: EPC EMPLOYEES AND BENEFITS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
- --------------------------------------
9.1 Employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
---------
9.2 Union Location . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
--------------
9.3 No Third Party Beneficiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
----------------------------
9.4 Family and Medical Leave . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
------------------------
9.5 COBRA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
-----
ARTICLE X: STATION EMPLOYEES AND BENEFITS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
- -----------------------------------------
10.1 Station Employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
-----------------
10.2 No Third Party Beneficiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
----------------------------
10.3 Family and Medical Leave . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
------------------------
10.4 COBRA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
-----
ARTICLE XI: TITLE AND CONDITION OF THE LAND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
- -------------------------------------------
11.1 Title Commitments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
-----------------
11.2 Surveys . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
-------
11.3 Unpermitted Exceptions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
----------------------
11.4 Casualty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
--------
11.5 Condemnation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
------------
ARTICLE XII: TITLE AND CONDITION OF THE STATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
- ------------------------------------------------
12.1 Title Commitments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
-----------------
12.2 Surveys . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
-------
12.3 Unpermitted Exceptions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
----------------------
12.4 Casualty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
--------
12.5 Condemnation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
------------
ARTICLE XIII: TRADEMARKS AND TRADE NAMES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
- ----------------------------------------
13.1 Assignment of Trademarks and Trade Names . . . . . . . . . . . . . . . . . . . . . . . . . . 39
----------------------------------------
13.2 License of Trademarks and Trade Names . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
-------------------------------------
ARTICLE XIV: ENVIRONMENTAL MATTERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
- ----------------------------------
14.1 Assessment and Remediation of the Land . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
--------------------------------------
14.1.15 Disclosure Documents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
--------------------
14.2 Assessment and Remediation of the Stations . . . . . . . . . . . . . . . . . . . . . . . . . 45
------------------------------------------
14.2.18 Disclosure Documents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
--------------------
ARTICLE XV: MUTUAL CONDITIONS PRECEDENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
- ---------------------------------------
15.1 Government Approvals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
--------------------
ARTICLE XVI: CONDITIONS PRECEDENT TO EPC'S OBLIGATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
- ------------------------------------------------------
</TABLE>
<PAGE> 5
<TABLE>
<S> <C>
16.1 Performance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
-----------
16.2 Representations and Warranties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
------------------------------
16.3 Certificate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
-----------
16.4 Opinion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
-------
16.5 Form and Substance of Documents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
-------------------------------
16.6 Other Conditions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
----------------
ARTICLE XVII: CONDITIONS PRECEDENT TO EMC'S OBLIGATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
- -------------------------------------------------------
17.1 Performance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
-----------
17.2 Representation and Warranties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
-----------------------------
17.3 Certificate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
-----------
17.4 Opinion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
-------
17.5 Form and Substance of Documents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
-------------------------------
ARTICLE XVIII: CONDITIONS PRECEDENT TO MNGL'S OBLIGATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . 52
- ---------------------------------------------------------
18.1 Performance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
-----------
18.2 Representation and Warranties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
-----------------------------
18.3 Certificate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
-----------
18.4 Opinion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
-------
18.5 Form and Substance of Documents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
-------------------------------
18.6 No Casualty Loss and Damage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
---------------------------
18.7 Other Conditions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
----------------
ARTICLE XIX: CONDITIONS PRECEDENT TO MPI'S AND MFI'S OBLIGATIONS . . . . . . . . . . . . . . . . . . . . . . 53
- ----------------------------------------------------------------
19.1 Performance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
-----------
19.2 Representations and Warranties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
------------------------------
19.3 Certificate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54
-----------
19.4 Opinion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54
-------
19.5 Form and Substance of Documents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54
-------------------------------
ARTICLE XX: CLOSING AND DELIVERIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54
- ----------------------------------
20.1 Time . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54
----
20.2 Deliveries by EPC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54
-----------------
20.3 Deliveries by EMC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
-----------------
20.4 Deliveries by MNGL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
------------------
20.5 Deliveries by MPI and MFI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
-------------------------
ARTICLE XXI: OBLIGATIONS AFTER CLOSING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
- --------------------------------------
21.1 Survival of Warranties and Representations . . . . . . . . . . . . . . . . . . . . . . . . . 56
------------------------------------------
21.2 Taxes on the Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
---------------------
21.3 Taxes on the Motor Fuel Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
------------------------------
21.4 Non-Competition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57
---------------
21.5 Post Closing Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57
---------------------
21.6 Non-Compete Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57
--------------------
ARTICLE XXII: TERMINATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57
- -------------------------
22.1 Termination . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57
-----------
22.2 Effect of Termination . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58
---------------------
ARTICLE XXIII: INDEMNIFICATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58
- ------------------------------
23.1 Indemnifications-The Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58
-----------------------------
23.1.1 Non-Environmental Matters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58
-------------------------
23.1.2 Environmental Matters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59
---------------------
23.2 Indemnifications-The Motor Fuel Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . 60
--------------------------------------
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
23.2.1 Non-Environmental Matters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60
-------------------------
23.2.2 Environmental Matters-The Motor Fuel Assets . . . . . . . . . . . . . . . . . . . . 61
-------------------------------------------
23.3 Notice and Right to Defend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62
--------------------------
23.4 Limitations Period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63
------------------
ARTICLE XXIV: MISCELLANEOUS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63
- ---------------------------
24.1 Further Assurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63
-----------------
24.2 Brokers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64
-------
24.3 Taxes and Recording Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64
------------------------
24.4 Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64
--------
24.5 Assignment; Binding Effect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64
--------------------------
24.6 Amendment and Waiver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65
--------------------
24.7 Notices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65
-------
24.8 Headings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66
--------
24.9 Announcements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66
-------------
24.10 Governing Law . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66
-------------
24.11 Exhibits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66
--------
24.12 Counterparts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67
------------
24.13 Severability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67
------------
24.14 Bulk Sales Laws . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67
---------------
24.15 Signage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67
-------
24.16 Entire Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67
----------------
</TABLE>
<PAGE> 7
TABLE OF EXHIBITS
<TABLE>
<CAPTION>
Number Description
------ -----------
<S> <C>
1.1 Accounts Receivable
1.7 Assumed Liabilities
1.11 Contracts
1.13 Equipment
1.14 Excluded Assets
1.15 Excluded Station Assets
1.19 Truck Spare Parts
1.21 Land
1.24 Other Assets
1.27 Purchase Price Allocation
1.29 Stations
1.30 Station Equipment
1.33 Station Liabilities and Contracts
3.5(d) Prepaid Expenses and Other Items
3.8 Natural Gas Encroachment - Branches
4.4 Necessary Authorizations - EPC
4.5 Conflicts - EPC
4.7 Absence of Changes - EPC
4.8 Claims and Litigation - EPC
4.9 Taxes and Assessments - EPC
4.13 Condemnations - Land
4.16 Contract Exceptions - EPC
4.17 Environmental Matters - Land
4.18 Financial Information - EPC
5.3 Necessary Authorizations - EMC
5.4 Conflicts - EMC
5.5 Claims and Litigation - EMC
6.3 Necessary Authorizations - MNGL
6.4 Conflicts - MNGL
6.5 Claims and Litigation - MNGL
7.4 Necessary Authorizations - MPI & MFI
7.5 Conflicts - MPI & MFI
7.7 Absence of Changes - MPI & MFI
7.8 Claims and Litigation - MPI & MFI
7.9 Taxes and Assessments - MPI & MFI
7.13 Condemnations - Stations
7.16 Contract Exceptions - Stations
7.17 Environmental Matters - Stations
7.18 Financial Information - MPI and MFI
14.1.1 Contaminated Land Locations
14.1.2 Assessment Procedures
14.2.1 Non-Contaminated Stations
15.1 Government Approvals
16.3 Certificate - MNGL
16.4 Legal Opinion, Counsel for MNGL
17.3 Certificate - MPI & MFI
17.4 Legal Opinion, Counsel for MPI & MFI
18.3 Certificate - EPC
18.4 Legal Opinion, Counsel for EPC & EMC
</TABLE>
<PAGE> 8
<TABLE>
<S> <C>
19.3 Certificate - EMC
20.2(a) Corporate Limited Warranty Deed
20.2(b) Assignment of Leases - EPC
20.2(c) Bill of Sale - EPC
20.2(d) Assignment of Accounts Receivable and Contracts
20.2(e) Assignment and License of Trademarks
20.5(a) Limited Warranty Deed - MPI & MFI
20.5(b) Assignment of Leases - MPI & MFI
20.5(c) Bill of Sale - MPI & MFI
20.5(d) Assignment of Contracts - MPI & MFI
21.5 Post Closing Services Agreement
24.3 IRS Form 8594
</TABLE>
<PAGE> 9
PURCHASE AND SALE AGREEMENT
THIS PURCHASE AND SALE AGREEMENT (the "Agreement") is made and entered
into this 3rd day of August, 1994, by and between Emro Propane Company, a
Michigan corporation ("EPC"), Emro Marketing Company, a Delaware corporation
("EMC") and MAPCO Natural Gas Liquids Inc., a Delaware corporation ("MNGL"),
MAPCO Petroleum Inc., a Delaware corporation ("MPI"), and MAPCO Florida Inc. a
Delaware corporation ("MFI").
EPC desires to sell and transfer to MNGL, and MNGL desires to purchase
from EPC, the right, title and interest of EPC in and to certain assets and
properties used in or comprising the Business (as herein defined), as well as
certain agreements, obligations, liabilities and commitments of EPC relating to
such assets and properties. EMC, MPI and MFI desire to enter into agreements as
a portion of such purchase and sale whereby MPI and MFI will transfer to EMC
all of the right, title and interest of MPI and MFI in and to certain assets
and properties comprising the Motor Fuel Assets (as herein defined).
THEREFORE, in consideration of the mutual promises and covenants
contained herein, other good and valuable consideration, and intending to be
legally bound, EPC, EMC, MNGL, MPI and MFI agree as follows:
ARTICLE I: DEFINITIONS
As used in this Agreement, the following capitalized terms have the
meanings stated in this Article:
1.1 "Accounts Receivable" means the agricultural, residential,
commercial and industrial accounts receivable owned by EPC at Closing and more
fully described on Exhibit 1.1.
1.2 "Accounts Receivable Price" means the face value of the
Accounts Receivable as shown on the books of EPC at the Effective Time, net of
customer credit balances (including customer credits pending as of the
Effective Time), customer prepayments or deposits, and any agreed to discounts
in accordance with Section 3.7.
1.3 "Additional Agreements" means the following additional
agreements, such agreements to be made and entered into upon terms and
conditions mutually agreed to by the parties: (a) the Product Supply Agreement
between Marathon Oil Company and MNGL; (b) the Travel Center Agreement between
EMC and MPI; (c) the Guaranty of Marathon Oil Company; (d) the Guaranty of
MAPCO Inc.; (e) the Non-Competition Agreement of MAPCO Inc., MPI and MFI; (f)
the Non-Competition Agreement of Marathon Oil Company; and (g) the
Non-Competition Agreement of USX Corporation.
1.4 "Applicable Laws" means the federal Comprehensive
Environmental Response, Compensation, and Liability Act of 1980, as amended
("CERCLA"), the federal Resource Conservation and Recovery Act ("RCRA"), any
<PAGE> 10
applicable underground storage tank laws and regulations, and any other
Federal, State or Local laws, rules or regulations applicable to the storage,
handling, transportation, remediation, removal, or disposal of Hydrocarbons or
other Hazardous Materials as they may relate to or affect the Land or Stations
or any substances, materials or wastes generated from the Land or Stations or
stored or disposed of at the Land or Stations.
1.5 "Assets" means the assets, properties and rights used in or
arising from the Business, including the Accounts Receivable, the Contracts,
the Equipment, the Inventory, the Land, the Other Assets, and the Records, as
they shall exist on the Closing Date; provided, however, that the Assets do not
include and MNGL is not purchasing any interest in the Excluded Assets.
1.6 "Asset Purchase Price" means the sum of One Hundred Seventy
Eight Million Forty Six Thousand Dollars U.S. ($178,046,000.00) plus the value
assigned to the Stations, the Station Equipment and the Station Liabilities
which is set at Ten Million Dollars U. S. ($10,000,000.00).
1.7 "Assumed Liabilities" means, except as otherwise provided in
this Agreement:
(a) The future non-compete payments and the liabilities of the
Business in the amounts set forth on Exhibit 1.7; provided, however, MNGL shall
receive a credit at Closing equal to the amount by which the total of the
future non-compete payments to be assumed by MNGL, as set forth on Exhibit 1.7
exceeds Two Million Five Hundred Thousand Dollars U.S. ($2,500,000.00);
(b) The liabilities, obligations or duties of MNGL arising
directly or indirectly in any manner under the terms of the Contracts to the
extent they arise and become due after the Closing;
(c) Subject to the terms and conditions set forth in this
Agreement, any and all liabilities and obligations of whatever kind or nature,
whether absolute, conditional, direct, indirect, fixed or contingent arising
from events, acts or omissions in any way related to the ownership or use of
the Assets or the conduct of the Business occurring at any time after the
Effective Time.
1.8 "Business" means the sales by EPC, of propane for use by
residential, agricultural, commercial and industrial customers; the sale of
appliances; the sale of propane and natural gas utilizing grills, fireplaces,
appliances and similar devices; the installation, service and repair of all
such appliances and accounts to the extent presently performed by EPC or EMC;
and the purchase, transportation, warehousing and storage of propane and
personal property, and all
2
<PAGE> 11
related activities as conducted by EPC in the States of Illinois, Indiana,
Michigan and Ohio; and the retail sale of gasoline and distillates at the
branches, if any.
1.9 "Closing" means the consummation of the purchase and sale
contemplated hereby which shall take place on or before September 1, 1994, at a
mutually agreeable location; provided, however, that if the conditions
precedent to the Closing as set forth herein shall not have been satisfied or
waived on such date, and unless this Agreement is terminated as provided
herein, the Closing shall take place on or before the fifth business day
following the satisfaction or waiver, or on such other date as EPC and MNGL
shall agree upon in writing, but in no event later than September 30, 1994,
unless extended pursuant to express provisions in this Agreement.
1.10 "Closing Date" means the date of Closing.
1.11 "Contracts" means those certain leases for portions of the
Land, and the agreements, contracts, leases and other binding arrangements
pertaining to the Business, listed in Exhibit 1.11.
1.12 "Effective Time" means, on the Closing Date, immediately
before Midnight, local prevailing time.
1.13 "Equipment" means the vehicles, tanks, equipment, business
machines, computer hardware, furniture, furnishings, accessories and supplies
used in connection with the Business and listed in Exhibit 1.13, together with
any and all, leases, licenses thereof and assigned herein.
1.14 "Excluded Assets" means any right, title or interest of EPC in
any assets, properties, or agreements not used or held for use in the Business,
and the assets, rights and properties listed on Exhibit 1.14.
1.15 "Excluded Station Assets" means any right, title or interest
of MPI and MFI in any assets, properties, or agreements not used or held for
use in the operation of the Motor Fuel Assets, and the assets, rights and
properties listed on Exhibit 1.15.
1.16 "Final Adjustment Certificate" means the certificate delivered
pursuant to Section 3.4.
1.17 "Hazardous Materials" means "polychlorinated biphenyls" or
"PCB's" (as those terms are defined or used presently of hereafter in the Toxic
Substances Control Act, as amended, ("TSCA"), Hydrocarbons, and any "hazardous
substance" (as defined in CERCLA), or "hazardous waste" (as defined in RCRA),
and those substances, materials and wastes which now or hereafter are defined
as "hazardous substance" or "hazardous waste" in applicable federal or state
statutes or regulations.
3
<PAGE> 12
1.18 "Hydrocarbon" means new or used Petroleum or Petroleum
products, including crude oil and any fraction thereof.
1.19 "Inventory" means the propane, appliances, truck spare parts,
including but not limited to those of the type described on Exhibit 1.19,
replacement parts (including such items as fittings, regulators and similar
items), goods and stock in trade in saleable and non-obsolete condition and
owned by EPC for the purposes of conducting the Business, as to be physically
verified with procedures to be agreed upon prior to Closing.
1.20 "Inventory Price" means the value of the Inventory as of the
Closing Date. Such value for propane will be determined by using the lower of
actual laid-in cost (cost plus taxes plus transportation, if any) or current
wholesale price (cost plus taxes plus transportation, if any) in effect at the
applicable Marathon Oil Company supply points on the Closing Date. The price
for all other items of Inventory will be EPC's wholesale delivered cost net of
any agreed to discounts, rebates and allowances, including without limitation
agreed to price reductions for demonstration and non-current model year goods.
1.21 "Land" means the land located in the States of Illinois,
Indiana, Michigan and Ohio described in Exhibit 1.21 together with such estate,
right, title and interest of EPC in the Land, together with and including: (i)
all rights, privileges, benefits and powers conferred upon EPC as the owner or
lessee of the Land; and (ii) all tenements, hereditaments and appurtenances
comprising or associated with the Land.
1.22 "Motor Fuel Assets" means the Stations, the Station Inventory
and the Station Equipment, but not including the Excluded Station Assets.
1.23 "Net Purchase Price" means the price payable for the Assets
and the Assumed Liabilities as determined pursuant to Article III.
1.24 "Other Assets" means those assets of EPC used in the Business,
if any, listed in Exhibit 1.24.
1.25 "Permitted Encumbrances" means:
(a) liens for taxes or assessments not yet due;
(b) easements, rights-of-way, servitudes, permits, surface leases,
and other rights in respect of surface operations; deed conditions, covenants
or other restrictions; easements of streets, alleys, highways, pipelines,
telephone lines, power lines, railways, and other easements and rights-of-way,
on, over, or in respect of the Land or the Stations;
4
<PAGE> 13
(c) rights reserved to or vested in any municipality or
governmental, statutory, or public authority to control or regulate any of the
Assets or the Motor Fuel Assets, as applicable, in any manner, and all
applicable laws, rules, and orders of governmental authority.
1.26 "Petroleum" shall have the meaning set forth in RCRA.
1.27 "Purchase Price Allocation" means the allocation of the Asset
Purchase Price amongst the various portions of the Assets, the Motor Fuel
Assets other than the Accounts Receivable, the Inventory and the Station
Inventory, as set forth on Exhibit 1.27.
1.28 "Records" means the books, files, customer lists, inventory
and sales records, and similar records relating to the Assets and the Assumed
Liabilities.
1.29 "Stations" means the real property in fee simple, certain real
property leaseholds, any appurtenances thereto, improvements, facilities,
fixtures and signposts owned by MPI or MFI for those thirty-nine (39) locations
listed on Exhibit 1.29.
1.30 "Station Equipment" means the equipment, tanks, flow lines,
dispenser, pumps, display cases, furniture, signs (other than those which
contain the trademarks of other parties) and personal property, whether
tangible or intangible (but excluding the Station Inventory as defined below)
owned by MPI or MFI located at and as a part of the Stations, and listed in
Exhibit 1.30, together with any and all leases and licenses thereof and
assigned herein.
1.31 "Station Inventory" means the motor fuel, goods, and stock in
trade in saleable condition, as they may exist at the time of Closing
maintained at the Stations for resale at retail to the public. The Station
Inventory will not include any supplies bearing the Shell or MAPCO trademarks,
trade names, service marks or art.
1.32 "Station Inventory Price" means for the general Station
Inventory (excluding motor fuels and fast foods) the purchase price to be
determined by valuing it at MPI's or MFI's wholesale delivered cost and an
actual physical count. Such determination will be made by subtracting from
MPI's or MFI's then current retail price, a percentage of that retail price
which represents MPI's or MFI's gross profit percentage on the retail sales of
Station Inventory (excluding fast foods and motor fuels) for the first quarter
of 1994. Normal prompt-pay discounts and volume-based vendor rebates and
allowances, if applicable, will further reduce the cost of the Station
Inventory if such discounts and rebates are not normally accounted for by MPI
or MFI in its costs.
5
<PAGE> 14
The purchase price of fast food Station Inventory (which includes
certain supplies) will be determined based on MPI's or MFI's wholesale cost and
an actual physical count, less normal cash and EFT discounts and less volume
based vendor rebates and allowances attributable to the saleable Station
Inventory on hand as of the Closing Date.
The purchase price of motor fuels Station Inventory shall be
determined with reference to the rack price in effect at the Marathon Oil
Company terminal nearest to the individual Station on the Closing Date, plus
applicable taxes and governmental fees, and applicable freight charges, and by
physical measurement of such motor fuel.
1.33 "Station Liabilities" means:
(a) the liabilities, obligations or duties of EMC arising directly
or indirectly in any manner under the terms of the Station contracts including
but not limited to leases, subleases and assignments (as listed on Exhibit
1.33) that are expressly assumed by EMC, to the extent they arise and become
due after the Closing; and,
(b) subject to the terms and conditions set forth in this
Agreement, any and all liabilities and obligations of whatever kind or nature,
whether absolute, conditional, direct, indirect, fixed or contingent arising
from events, acts or omissions occurring at any time after the Effective Time
(whether or not known to EMC) in any way related to the ownership or use of the
Motor Fuel Assets or the operation of the Stations.
ARTICLE II: PURCHASE AND SALE
2.1 Transaction. At the Closing, on the Closing Date and subject
to the terms and conditions set forth in this Agreement, for the Net Purchase
Price, EPC shall sell, assign, transfer and deliver to MNGL, and MNGL shall
purchase, acquire and accept from EPC, the Assets, subject to the Permitted
Encumbrances. At the Closing, MNGL shall assume the Assumed Liabilities, but no
other obligations of or related to EPC, the Business, the Assets or the
Excluded Assets, whether known or unknown, contingent, absolute or otherwise.
2.2 The Motor Fuel Assets. At the Closing, on the Closing Date and
subject to the terms and conditions set forth in this Agreement, as part of the
payment for the Assets, MPI and MFI shall sell, assign, transfer and deliver to
EMC, and EMC shall purchase, acquire and accept from MPI and MFI, the Motor
Fuel Assets, subject to the Permitted Encumbrances. At the Closing, EMC shall
assume the Station Liabilities, but no other obligations of or related to the
Motor Fuel Assets or the Excluded Station Assets, whether known or unknown,
contingent, absolute or otherwise.
ARTICLE III: PURCHASE PRICE
6
<PAGE> 15
3.1 Net Purchase Price. The Net Purchase Price to be paid shall be
equal to the Asset Purchase Price (which includes the cash payment plus the
transfer of the Stations), plus the Accounts Receivable Price and the Inventory
Price, less the Station Inventory Price, plus and minus the amounts provided
for in Section Section 3.2, 3.4 and 3.5 hereof. The Net Purchase Price may be
adjusted in accordance with Section Section 3.6 and 3.8.
All cash payments under this Agreement shall be by wire transfer of
immediately available funds to such account as the recipient shall designate.
3.2 Post Closing Receipt of Revenues. If EPC shall receive after
the Closing Date any proceeds attributable to the Assets for any period of time
after the Effective Time, EPC shall promptly pay to MNGL the amount of such
proceeds, unless an adjustment of the Purchase Price for such proceeds received
by EPC has previously been accounted for in the estimated Net Purchase Price.
If MNGL shall receive any proceeds attributable to the Assets for any period of
time prior to the Effective Time, then MNGL promptly shall pay to EPC such
proceeds, unless an upward adjustment of the Purchase Price for such proceeds
received by MNGL has previously been accounted for in the estimated Net
Purchase Price.
MNGL shall also pay for monies to remain in the cash drawers at each
of the selling branches of the Business in the amount of Two Hundred Dollars
($200.00) per branch.
If MPI or MFI shall receive after the Closing Date any proceeds
attributable to the Motor Fuel Assets for any period of time after the
Effective Time, they shall promptly pay to EMC the amount of such proceeds,
unless an adjustment of the Net Purchase Price for such proceeds received by
MPI or MFI has previously been accounted for in the estimated Net Purchase
Price. If EMC shall receive any proceeds attributable to the Motor Fuel Assets
for any period of time prior to the Effective Time, then EMC promptly shall pay
to MPI such proceeds, unless an upward adjustment of the Net Purchase Price for
such proceeds received by EMC has previously been accounted for in the
estimated Net Purchase Price.
EMC shall also pay for monies remaining in the cash drawers and as
roll change at each Station as of the Effective Time.
7
<PAGE> 16
3.3 Estimate of Net Purchase Price. For purposes of estimating the
Net Purchase Price to determine the amount to be paid by MNGL at the Closing,
the amount of the adjustments referred to in Section 3.2 will be estimated in
good faith by EPC.
An estimate of the value of the Station Inventory Price using the most
recent perpetual inventory and accounting records of MPI and MFI prior to the
Closing Date shall be calculated by MPI and MFI. Such estimate, will be set
forth in a certificate of MPI delivered to EMC at least seven (7) business days
before the Closing Date. An estimate of the value of the Inventory Price and
the Accounts Receivable Price using the most recent perpetual inventory and
accounting records of EPC prior to the Closing Date shall be calculated by EPC.
The estimated Net Purchase Price calculation using this information
will be set forth in a certificate of EPC delivered to MNGL at least seven (7)
business days before the Closing Date.
In addition, EPC agrees to give MNGL a credit for underground storage
tanks situated at customer locations, the sum of Two Hundred Fifty Dollars
($250.00) per tank.
3.4 Final Determination of Net Purchase Price. The Net Purchase
Price shall be finally determined as follows:
(a) As soon as practicable, but no later than sixty (60) days
after the Closing Date, MNGL, MPI, EMC and EPC together shall prepare the Final
Adjustment Certificate setting forth the final computation of the Net Purchase
Price (which shall include an adjustment for the Inventory Price) which shall
be based on the inventories taken as follows: a complete inventory and
compilation of the Inventory in the possession of EPC on the Closing Date shall
be taken jointly by MNGL and EPC; concurrently, a complete inventory and
compilation of the Station Inventory in the possession of MPI and MFI on the
Closing Date shall be taken jointly by EMC, MFI and MPI. Such inventories shall
be completed as promptly as is reasonably possible. The Final Adjustment
Certificate shall also include an adjustment for the Accounts Receivable Price,
being brought current to the Effective Time from its estimated value to its
actual value in accordance with Section 1.2. The difference between the
estimated Net Purchase Price paid at Closing and the Net Purchase Price set
forth in the Final Adjustment Certificate will be paid by MNGL or EPC, as the
case may be, within twenty (20) days thereafter.
(b) If MNGL and EPC are unable to agree upon the Net Purchase
Price, MNGL and EPC will submit the matters in dispute to a mutually acceptable
independent accounting firm to resolve the disputed items and make a
determination of the Net Purchase Price based thereon. Such determination will
be made within sixty (60) days after
8
<PAGE> 17
submitting the matter to the accounting firm and will be binding upon the
parties. The fees, cost and expenses of the accounting firm will be shared
equally by MNGL and EPC.
(c) The Net Purchase Price may be adjusted after such sixty (60)
day period in accordance with Section Section 3.6 and 3.8.
3.5 Proration of Certain Items. With respect to the assets being
transferred pursuant to this Agreement, the appropriate parties shall receive a
credit with respect to the following items:
(a) Real Estate and Personal Property Taxes. MNGL will pay all
real estate and personal property taxes on the Assets (prorated as of the
Effective Time) for the calendar year 1994, if any, which are not payable until
after the Closing Date. MNGL will make such payments as and when due. If the
amount of such taxes is not ascertainable as of the Closing Date, then such
reimbursement shall be based upon 1993 taxes paid by EPC, except for Assets in
the State of Michigan which will be at a value of eighty five percent (85%) of
the 1993 tax rates. MNGL shall receive a credit, or a debit where appropriate
for such taxes paid in advance, for EPC's prorated share of the amounts to be
paid by MNGL.
EMC will pay all real estate and personal property taxes on the Motor
Fuel Assets (prorated as of the Effective Time) for the calendar year 1994, if
any, which are not payable until after the Closing Date. EMC will make such
payments as and when due. If the amount of such taxes is not ascertainable as
of the Closing Date, then such reimbursement shall be based upon 1993 taxes
paid by MPI or MFI. EMC shall receive a credit, or a debit where appropriate
for such taxes paid in advance, for MPI's or MFI's prorated share of the
amounts to be paid by EMC.
(b) Customer Tank Rent Prepayment. Prepayments of tank rent shall
be prorated over the period to which the prepayment applies. MNGL shall receive
a credit for the amount by which the prepayment of tank rent exceed the tank
rent due through the end of the day prior to the Closing Date.
(c) Customer Deposits and Balances. MNGL shall receive a credit
for all customer deposits made with EPC, not otherwise included in the Accounts
Receivable Price, as described on Exhibit 1.24, in connection with the use,
lease or purchase of propane, propane tanks, cylinders, regulators or
equipment; provided, however, MNGL shall assume all liabilities and obligations
to such customers for refunds of customer deposits or credit balances of any
kind, not to exceed the amount of the credit received by MNGL.
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<PAGE> 18
(d) Prepaid Expenses and Other Prepayments. EPC shall receive a
credit at Closing in an amount equal to the value of real property lease
payments, personal property lease payments, taxes, utility charges, or other
prepaid expenses, as described on Exhibit 3.5(d), made by EPC, if any, that are
related to the Business, and which are allocable to periods following the
Effective Time.
MPI or MFI shall receive a credit at Closing in an amount equal to the
value of real property lease payments, personal property lease payments, taxes,
utility charges, or other prepaid expenses, as described on Exhibit 3.5(d),
made by MPI or MFI, if any, that are related to the Motor Fuel Assets, and
which are allocable to periods following the Effective Time.
The foregoing items to be prorated between the parties will be
computed as of the Effective Time and will be adjustments to the payment to be
made by MNGL to EPC, as further described in Section 3.1.
3.6 Propane Tank Inventory. Subsequent to the Closing Date and
within three hundred sixty-five (365) days thereafter, MNGL and EPC agree to
make payments and agree to take the actions set forth in this Section 3.6. Any
dispute between EPC and MNGL in connection with this Propane Tank Inventory
that cannot be resolved between them shall be finally determined in the same
manner set forth in Section 3.4(b). EPC represents to MNGL that Exhibit 1.13
lists the number of propane customer storage tanks (250 gallon or greater) and
propane bulk storage tanks, by water capacity size, owned by EPC.
(a) Within three hundred sixty-five (365) days after the Closing
Date, MNGL shall verify and give written notice to EPC of any discrepancies in
the total water capacity of such propane customer storage tanks purchased by
MNGL from EPC as listed on Exhibit 1.13. Within ninety (90) days after EPC's
receipt of MNGL's written notice to EPC of any discrepancies in the total water
capacity of such tanks purchased by MNGL from EPC, EPC with MNGL's cooperation
shall have the right to confirm MNGL's tank verification and MNGL's
verification of the percentage of EPC-owned propane customer storage tanks,
where such verifications indicate discrepancies in the total water capacity of
the number of tanks listed on Exhibit 1.13.
A propane customer storage tank shall be "verified" as EPC-owned if:
10
<PAGE> 19
(1) the tank has a proper data plate or tank
identification (marked in accordance with NFPA 58) attached and shall
be rated for a working pressure of at least 200 pounds per square
inch, determined in accordance with the standards of the American
Society of Mechanical Engineers, and
(2) an executed lease covering the tanks is provided to
MNGL; or
(3) MNGL acknowledges the existence of those tanks used
at the branch or in any branch inventory of tanks; or
(4) MNGL or EPC receives a statement signed by the
customer acknowledging MNGL's or EPC's ownership of the tanks.
In addition, at such time as the percentage of the tanks "verified" by
MNGL in accordance with the above procedures reaches seventy-five percent (75%)
of the numbers set forth on Exhibit 1.13, the customer storage tanks (250
gallons or greater) may also be "verified" for non-agricultural and
non-commercial propane customers, if documentation is provided to MNGL showing
that:
(A) The customer has received deliveries of propane from EPC into
the tank(s) to be "verified" and an invoice has been paid by the
customer including payment of an annual rental for the tank(s) to be
"verified"; or
(B) In cases where the annual rental for the tank(s) to be
"verified" has been waived by EPC, the customer is purchasing propane
(i) on EPC's budget pay plan, or (ii) on EPC's courtesy fill plan, or
(iii) in excess of a volume which would otherwise require annual
rental for the tank(s) to be "verified."
At such time as the percentage of tanks (250 gallon or greater)
"verified" at any branch is equal to ninety-seven percent (97%) of the quantity
listed for such branch, the total at such branch shall be considered as
"verified." If the quantity "verified" is greater than one hundred percent
(100%), the excess shall be included in the aggregate water capacity
determination.
In the event there exists a shortage of propane customer storage tanks
(250 gallon or greater), and such shortage is greater than three percent (3%)
of the aggregate water capacity of the EPC-owned propane customer storage tanks
(250 gallon or greater) for all locations described in Exhibit 1.13, as
determined in MNGL's tank verification within the 365 days following Closing,
additional time shall be given to MNGL to continue its "verification" of such
tanks at any branch with shortages greater than three percent (3%) of the
aggregate water capacity of the EPC-owned storage tanks (250
11
<PAGE> 20
gallon or greater) for such branch. During the time following such initial
period the minimum percentage of "verification" at any branch shall be met if
the percentages set forth below are met:
90 days after initial period 96%
180 days after initial period 95%
270 days after initial period 94%
All "verifications" are subject to EPC's confirmation in the manner
set forth in this Section 3.6. If the indicated percentages are not met within
the appropriate time periods, an adjustment shall be made in the Net Purchase
Price to reflect the actual number of tanks. Any adjustment arising from the
propane customer storage tank verification shall be made at an agreed
adjustment value of One and Ten/100 Dollars ($1.10) per gallon of total tank
water capacity for such tank (250 gallon or greater) shortage. In the event
that an overage in the total water capacity of propane customer storage tanks
is determined, there shall be no adjustment to the Net Purchase Price. In the
event that a shortage adjustment in the number of propane customer storage
tanks is determined, EPC shall pay to MNGL, in cash within sixty (60) days of
the EPC's audit of MNGL's verification, the value of such shortage adjustment.
(b) A propane bulk storage tank shall be "verified" as EPC-owned
if:
(1) the tank has a proper data plate or tank
identification (marked in accordance with NFPA 58) attached and shall
be rated for a working pressure of at least 200 pounds per square
inch, determined in accordance with the standards of the American
Society of Mechanical Engineers, and
(2) MNGL acknowledges the existence of those tanks used
at the branch, satellite, or installed on any vehicle or trailer;
provided, further, for such tanks installed on vehicles or trailers,
EPC shall provide MNGL with the "Manufacturer's Data Report for
Unfired Pressure Vessels" and the current "Certificate of Hydrostatic
Testing" for each such tank installed on a vehicle or trailer.
In the event there exists a shortage of propane bulk storage tanks
described in Exhibit 1.13, as determined by MNGL's propane bulk storage tank
verification as set forth in this Section 3.6, which shall be accomplished by
MNGL at or prior to the Closing Date, and subject to EPC's confirmation within
sixty (60) days after the Closing Date, an adjustment shall be made, as set
forth in Section Section 3.4 above, in the Net Purchase Price to reflect the
actual number of propane bulk storage tanks. Any adjustment arising from the
propane bulk storage tank verification shall be made at an agreed
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<PAGE> 21
adjustment value of: (i) Eight and Seventy-five/100 Dollars ($8.75) per gallon
of total tank water capacity for any vehicle mounted propane bulk storage tank
(bobtails) shortage; (ii) Five and No/100 Dollars ($5.00) per gallon of total
tank water capacity for any trailer mounted propane bulk storage tank
(transports) shortage; and (iii) One and Ten/100 Dollars ($1.10) per gallon of
total water capacity for all other propane bulk storage tank shortages,
including without limitation all such tanks installed at EPC branch or
satellite locations. In the event that an overage adjustment in the number of
propane bulk storage tanks is determined, there shall be no adjustment to the
Net Purchase Price.
3.7 Accounts Receivable. To determine the price of the Accounts
Receivable, EPC's total outstanding Accounts Receivable shall be verified by
EPC and MNGL as of the Effective Time. The price to be paid shall be the
applicable percentage, as set forth in the schedule below, of the amount of the
Accounts Receivable, subject to adjustments for the final determination of Net
Purchase Price as provided above in Section 3.4.
<TABLE>
<CAPTION>
Accounts Receivable Age Percentage
----------------------- ----------
<S> <C>
0 - 30 days after invoice date 100.00%
31 - 60 days after invoice date 99.58%
61 - 90 days after invoice date 99.16%
91 - 120 days after invoice date 98.75%
121 - 150 days after invoice date 98.33%
151 - 180 days after invoice date 97.81%
</TABLE>
Delinquent Accounts Receivable past due in excess of 180 days of the
invoice date, those in bankruptcy proceedings or placed for collection
shall be retained by EPC.
EPC agrees that all Accounts Receivable transferred to MNGL that are
or become delinquent and reach an age of 181 days or greater, at the option of
MNGL, may be reconveyed to EPC at the end of the sixth calendar month following
Closing. The Accounts Receivable shall be reconveyed to EPC by an assignment
substantially in the form of Exhibit 20.2(d) and shall be at a value equal to
one hundred percent (100%) of the face value of the principal amount of such
account at the time of reconveyance. The option to reconvey the Accounts
Receivable shall cease ten (10) days after the end of the sixth calendar month
following Closing; provided, further, within ten (10) days
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<PAGE> 22
after the time of reconveyance of such accounts, EPC shall pay to MNGL an
amount equal to 100% of the face value of such accounts reconveyed to EPC. MNGL
agrees to use its best efforts to collect the Accounts Receivable conveyed to
it by EPC, reconveyed by MNGL to EPC, and to assist EPC in collection of those
Accounts Receivable not conveyed to MNGL for a period of twelve (12) months
from the Closing Date.
Effective on the Closing Date, EPC hereby irrevocably constitutes and
appoints MNGL and any officer or agent thereof, with full power of
substitution, as its true and lawful attorney-in-fact with full irrevocable
power and authority in the place and stead of EPC and in the name of EPC or in
its own name, without notice to or assent by EPC to sign, endorse and negotiate
any check, draft, deposit item or other instruments received by MNGL as a
customer payment on the Accounts Receivable transferred or assigned as provided
in this Section 3.7; provided, however, the parties agree to, within thirty
(30) days of receipt, remit to the other party any payments received by such
party on accounts receivable transferred hereunder to MNGL or retained by EPC.
3.8 Adjustment for Natural Gas Encroachment. The Net Purchase
Price to be paid to EPC by MNGL is based, in substantial part, on MNGL's
assessment of the value of the EPC retail propane customer base. Accordingly,
if a significant erosion to the customer base for the branch locations listed
on Exhibit 3.8 occurs within the thirty-six (36) month period following the
Closing as a result of encroachment to such customer base by natural gas
(except those customers with existing natural gas service), an adjustment to
the Net Purchase Price shall be made in accordance with the following
provisions. MNGL will give EPC prompt notice upon its learning of any efforts
by natural gas suppliers to expand within or in to the areas serviced by the
branches listed on Exhibit 3.8.
(a) Adjustment Period. In the event: (i) more than the percentage
indicated below of EPC's propane customer base being serviced by any EPC branch
listed on Exhibit 3.8 convert from propane to natural gas (except those
customers with existing natural gas service), within any twelve (12) month
period after Closing; or (ii) more than fifteen percent (15%) of EPC's propane
customer base being serviced by any EPC branch listed on Exhibit 3.8 convert
from propane to natural gas (except those customers with existing natural gas
service), within thirty-six (36) months following Closing, EPC shall reimburse
MNGL for such customers. MNGL agrees to provided EPC on a quarterly basis, by
month by branch listed on Exhibit 3.8, with a listing of the number of
customers converting to natural gas. Such list shall include
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<PAGE> 23
the customer name, address, EPC account number, the approximate date of
conversion to natural gas and the system to which such account was connected.
<TABLE>
<CAPTION>
Months after Closing Percentage
-------------------- ----------
<S> <C>
1 - 24 5.00
25 5.08
26 5.17
27 5.25
28 5.33
29 5.42
30 5.50
31 5.58
32 5.67
33 5.75
34 5.83
35 5.92
36 6.00
</TABLE>
At the end of the 36-month adjustment period, MNGL shall identify for purposes
of calculation the 12-month periods which exceed the above percentages or the
36-month total if greater than 15%. The reimbursement shall be an amount equal
to One Thousand Dollars ($1,000.00) multiplied by the total number of customers
converting to natural gas, in excess of two percent (2%) of the customer base
for the affected branch(es). Examples of this reimbursement are shown on
Exhibit 3.8. In no event will EPC be required to pay in excess of Five Million
Dollars ($5,000,000.00) to MNGL under this Section 3.8. The customer base for
all percentage calculations hereunder shall be established as the number of
customers at the branches as of the Effective Time. No adjustment shall be made
for customers serviced by any branch not listed on Exhibit 3.8 who may convert
to natural gas at any time.
(b) Reimbursement Procedure. Within sixty (60) days following the
end of the thirty-sixth month after Closing, and if any adjustment is to be
made pursuant to the provisions of this section, MNGL shall provide EPC with a
list of customers, by servicing branch, who qualify hereunder. Such list shall
include the customer name, address, EPC's account number, the approximate date
of conversion to natural gas and the system to which such account was
connected. Within sixty (60) days thereafter, EPC shall pay to MNGL the amount
of the adjustment calculated in accordance with Section 3.8(a). If EPC disputes
the adjustment with respect to any of the customers, which dispute cannot be
resolved by mutual agreement of the parties, the dispute shall be finally
determined in the same manner as set forth in Section 3.4(b).
ARTICLE IV: DISCLAIMERS, REPRESENTATIONS AND WARRANTIES OF EPC
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<PAGE> 24
4.1 Disclaimers. Except as specifically provided in this
Agreement, EPC makes no warranties or representations, express or implied in
connection with the Assets and Business. Subject to this Section 4.1 and to the
Permitted Encumbrances, EPC makes the warranties and representations set forth
in Section Section 4.2 through 4.17.
EXCEPT AS SPECIFICALLY SET FORTH IN THIS AGREEMENT, THE ASSETS SHALL BE SOLD
AND TRANSFERRED TO MNGL "AS IS, WHERE IS AND WITH ALL FAULTS" AND WITHOUT ANY
REPRESENTATIONS, WARRANTIES, EXPRESS OR IMPLIED, AS TO THE MERCHANTABILITY,
CONDITION OR FITNESS THEREOF OR AS TO USE FOR A PARTICULAR PURPOSE OR
COMPLIANCE WITH GOVERNMENTAL REQUIREMENTS. MNGL HAS MADE ITS OWN INVESTIGATION
AND DETERMINATION REGARDING THE ASSETS AND THEIR NATURE AND CONDITION AND THE
PURCHASE THEREOF AND HAS NOT RELIED ON ANY REPRESENTATIONS, STATEMENTS OR
WARRANTIES OF EPC, ITS AGENTS OR EMPLOYEES WITH RESPECT TO THE ASSETS, EXCEPT
AS SPECIFICALLY SET FORTH HEREIN. MNGL ACKNOWLEDGES THAT NO SUCH
REPRESENTATIONS, STATEMENTS OR WARRANTIES HAVE BEEN MADE, EXCEPT AS
SPECIFICALLY SET FORTH HEREIN.
4.2 Organization and Qualification. EPC is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Michigan and is duly qualified to do business as a foreign corporation in all
jurisdictions in which the ownership of its properties or the nature of its
activities in connection with the Business makes such qualification necessary,
and where the failure to be so qualified would have a material adverse effect
on the Business taken as a whole.
4.3 Authority. EPC has full corporate power and authority to enter
into this Agreement and to consummate the transactions contemplated hereby. The
execution and delivery of this Agreement and the consummation of the
transactions contemplated hereby have been duly and validly authorized by all
necessary corporate action on the part of EPC, and, subject to the general laws
affecting creditors' rights, this Agreement is a valid and binding obligation
of EPC, enforceable against EPC in accordance with its terms.
4.4 Required Third Party Consents. Except as set forth in Exhibit
4.4, neither the execution and delivery of, nor performance under, this
Agreement on the part of EPC is prohibited by or requires any prior consent, by
any third parties under any agreement related to the Business to which EPC is a
party, and by which EPC is bound with respect
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<PAGE> 25
to which the failure to obtain such consent would have a material adverse
effect on the operation of the Business or the ownership of the Assets.
4.5 No Conflict. Except as set forth in Exhibit 4.5 and as
contemplated by Section 8.4, neither the execution and delivery of this
Agreement nor the consummation of the transactions contemplated by it on the
part of EPC will be in conflict with, or result in a breach or violation
adverse to the ownership of the Assets or operation of the Business of: (i) any
of the terms of the certificates or articles of incorporation or By-Laws of
EPC, (ii) any material agreement, instrument, or obligation related to the
Business to which EPC is a party or by which any of the Assets are bound, or
(iii) any material order, judgment, injunction, decree, law, statute, rule, or
regulation applicable to EPC or the conduct of the Business or by which any of
the Assets are bound.
4.6 Liabilities. With respect to the Assets and the Business, EPC
has no material liabilities, fixed or contingent, nor any material contractual
commitments nor any short- or long-term debt which are not described or listed
in this Agreement or its Exhibits, except for liabilities incurred in the
ordinary course of conducting the Business since December 31, 1993. Exhibit 1.7
sets forth the liabilities of EPC with respect to future non-compete payments.
4.7 Absence of Changes. Except as set forth in Exhibit 4.7, since
December 31, 1993, there has not been:
(1) Any change in the condition (financial or other), of the
properties, assets, liabilities and Business except normal and usual changes in
the ordinary course of business which are in the aggregate materially adverse
to the Business and Assets.
(2) Any damage, destruction or losses (whether or not covered by
insurance) in an aggregate amount exceeding $25,000.00 affecting the Business
and Assets.
(3) Except in the ordinary course of business, any sale, lease,
abandonment or other disposition by EPC of any interest in any property,
machinery, equipment or other operating property, as respects the Business and
Assets.
(4) Any other occurrence, event, or condition which materially and
adversely affects or, to the best of EPC's and EMC's knowledge, is likely to
materially and adversely affect the Business and Assets.
4.8 Claims and Litigation. Except as set forth in Exhibit 4.8, (i)
there are no legal or administrative proceedings, claims or investigations now
pending before any court or administrative body against EPC; (ii) to EPC's
knowledge, there are no material, threatened legal or administrative
proceedings, claims or investigations against EPC;
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<PAGE> 26
(iii) EPC has not received notice of any investigation threatened or
contemplated by any federal, state or local governmental or regulatory
authority, including those involving the safety of products, the working
conditions of employees, the Business' employment practices or policies, or
compliance with environmental regulations; and (iv) neither the Business, nor
any of the Assets is subject to any material judgment, order, writ, injunction,
stipulation or decree of any court or any governmental agency or any
arbitrator.
4.9 Taxes and Assessments. Except as set forth in Exhibit 4.9, all
taxes of any kind, including ad valorem, property, excise, income and similar
taxes and assessments which have become due and payable have been properly
paid; EPC has filed or caused to be filed all tax returns required to be filed
under the laws of the United States, the state of incorporation of EPC and each
state in which EPC is required to file returns because of the conduct of the
Business; all taxes shown by such returns to be due and payable have been paid;
and EPC knows of no proposed assessment, assessment or claim by the United
States government, or any state or any other taxing authority in which the
Business is conducted for additional taxes other than those paid in accordance
with such returns or which has been disclosed to MNGL.
4.10 Inventory. The Inventory contains no material amounts that are
not saleable and usable for the purposes intended in the ordinary course of the
Business.
4.11 Equipment; Other Assets.
(a) Motor Vehicles. Exhibit 1.13 contains an accurate and complete
list of all motor vehicles used in the Business to be conveyed to MNGL, whether
presently owned by EPC or leased by a parent of EPC. EPC warrants that, as of
the Closing Date, as to such vehicles and other items of rolling stock, all
are: (i) properly licensed and registered in accordance with applicable law;
(ii) in substantial compliance with applicable state and federal Department of
Transportation standards and regulatory requirements and there are no material
items of non-compliance thereunder; (iii) not subject to any lien or other
encumbrance, contract of sale, security agreement or charge of any kind or
character other than those contained in the leases for such vehicles, and (iv)
the sole property of EPC and no person, corporation or firm has any ownership
interest in such vehicles other than those contained in the leases for the
leased vehicles.
(b) Equipment, excluding Motor Vehicles; Other Assets. Exhibits
1.13 and 1.24 contain an accurate and complete list of all Equipment and Other
Assets used in the Business to be conveyed to MNGL. With respect to the propane
tanks
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<PAGE> 27
and propane related equipment, contained in the Equipment and Other Assets, EPC
warrants that, as of the Closing Date: (i) substantially all propane tanks at
customer locations were installed in compliance with the then effective edition
of NFPA Pamphlet No. 58, (ii) all propane tanks are in safe and working order
and are in substantial compliance with NFPA Pamphlet No. 58, 1992 Edition; and
(iii) all customer storage tanks or cylinders, bulk storage tanks and bulk
truck tanks included in the Assets shall include proper data plates or tank
identification (marked in accordance NFPA 58) and shall be rated for a working
pressure of at least 200 pounds per square inch, determined in accordance with
the standards of the American Society of Mechanical Engineers.
4.12 Title to Assets. Subject to the provisions of the Contracts,
(i) EPC has the sole and exclusive legal and equitable owner of all right,
title and interest in and has good and marketable title to all of the
Equipment, Other Assets and Inventory, (ii) it will transfer such Equipment,
Inventory or Other Assets free and clear of any contract of sale, encumbrance,
security agreement, lien or charge of any kind or character, and (iii) no
person, corporation or firm has any ownership interest in the Equipment,
Inventory or Other Assets being transferred pursuant to this Agreement other
than EPC (other than leasehold interests of customers in the storage tanks or
cylinders).
4.13 Land. Exhibit 1.21 sets forth the addresses of the Land. Where
EPC is owner of the Land in fee, it is the sole and exclusive legal and
equitable owner of all right, title and interest in and has good, marketable
and insurable title to, as conveyed by a limited warranty deed or its
equivalent, and is in possession of all Land which it purports to own,
including the buildings, structures, sidetracks and improvements situated
thereon and appurtenances thereto. Where EPC is the lessee of such Land, EPC is
in current uninterrupted possession of the Land and is not in default, nor with
the passage of time will a default exist, under any of the terms, covenants or
conditions of the leases therefor and the leases are valid and enforceable and
have not been altered, modified, or amended except as shown in the lease
documents provided to MNGL.
Except as set forth in Exhibit 4.13, no portion of any Land has been
condemned, requisitioned or otherwise taken by any public authority, and no
notice of any such condemnation, requisition or taking has been received. To
the knowledge of EPC, no such condemnation, requisition or taking is threatened
or contemplated. Except as set forth in Exhibit 4.13, EPC has no knowledge of
any public improvements which may result in special assessments against or
otherwise affect the Land. The Land as conveyed pursuant to this Agreement
shall include all rights to any off-site
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facilities necessary to ensure compliance in all material respects with all
zoning, building, health, fire, water, use or similar statutes, codes,
ordinances, laws, rules or regulations. To the knowledge of EPC, no fact or
condition exists which would result in the termination or impairment of access
to the Land or discontinuation of sewer, water, electric, gas, telephone, waste
disposal or other utilities or services.
4.14 Employees.
(a) Compliance. EPC has substantially complied with all laws,
rules and regulations relating to the employment of labor, including provisions
relating to wages, hours, equal opportunity, occupational health and safety,
severance and the payment of Social Security and other taxes.
(b) Unions. Employees of EPC at the branch located in Toledo, Ohio
are represented for the purpose of collective bargaining by Local No. 20 of the
International Brotherhood of Teamsters. The collective bargaining agreement
between EPC and such local expires on September 13, 1994.
4.15 Employee Benefit Plans. At no time has EPC or EMC been
required to contribute to any "multi-employer pension plan" (as defined in
Section 3(37) of Employee Retirement Income Security Act of 1974, ("ERISA")) or
incurred any withdrawal liability with the meaning of Section 4201 of ERISA.
4.16 Contracts. Exhibit 1.11 sets forth an accurate and complete
list of all material instruments, commitments and agreements related to the
Business to which MNGL will become bound, or by which any of the Assets will be
bound following Closing. Except as set forth in Exhibit 4.16, each Contract is
in full force and effect and is valid, binding and enforceable in accordance
with its terms; no event has occurred which is or, after the giving of notice
or passage of time, or both, would constitute a default under or a breach of
any Contract by EPC, or, to the knowledge of EPC, by any other party; and EPC
has not received or given notice of an intention to cancel or terminate a
Contract or to exercise or not exercise options or rights under a Contract.
4.17 Environmental Matters-The Land. With regard to environmental
matters, including any contamination of the environment at or by any of the
Lands or release of Hazardous Materials from or upon the Lands, except as set
forth in Exhibit 4.17, there are no lawsuits, claims by the government or third
parties, notices of violation, administrative orders, or letters of inquiry
(hereinafter "actions") by any governmental entity, pending or threatened, or
administrative orders, consent decrees or orders or injunctions already
entered, relating to the Lands and that there are no CERCLA Section 104(e)
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letters or requests for information, notifications by the federal, state or
local government or a private party that EPC is a potentially responsible party
for the assessment or remediation of contamination caused at any such location
from Hazardous Materials which originated from the Land.
Except as set forth in Exhibit 4.17, as to the Lands, there are no
suspected or confirmed releases of Petroleum or other Hazardous Materials. Any
releases of propane gas to the environment which have caused no known damage or
are not otherwise reportable to the government are not included hereunder.
Except as set forth on Exhibit 4.17, to the best of EPC's knowledge and without
further inquiry or investigation, there are no Class V injection wells (as that
term is defined in federal and/or state underground injection laws and
regulations) and to the best of EPC's knowledge and without further inquiry or
investigation, none of the Class V injection wells received any waste from bay
drains.
EPC warrants that as of the Closing, the Business is in compliance
with laws and regulations relating to:
a. underground storage tanks, including, but not limited to:
testing the tanks and lines in the frequency required and in conformity with
required procedures; leak detection requirements, upgrading of tanks and lines
as required by the regulations; reporting of releases of hydrocarbon or
hazardous materials; conducting assessment and remediation of underground
storage tank system (tanks and lines) releases; registration of tanks and
payment of applicable fees; satisfying financial responsibility requirements;
b. Title III of the Superfund Amendments and Reauthorization Act,
also known as the Emergency Planning and Community Right-to-Know Act of 1986,
as amended, ("SARA Title III"), and its regulations, including, but not limited
to, submitting the necessary Tier I and Tier II information to the appropriate
agencies and paying any required fees for all materials at its branches which
are regulated by said law;
c. clean water, including, but not limited to, it is in
compliance with any NPDES permits it may have at any locations;
d. air pollution, including, but not limited to, that all
underground storage tanks comply with Stage I and Stage II requirements, as
applicable, and that all registration documents have been filed and all fees
paid (as applicable) for all underground storage tanks (as air emission
sources);
EPC further warrants that as of the Closing Date, the Business is in
compliance with laws and regulations relating to releases of Hazardous
Materials onto or from any of the Land (underground storage tank related
releases of petroleum
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already disclosed herein and propane releases which have caused no known damage
are not covered by this sentence); and no activity has been conducted on any of
the Land which would require a permit for the storage, treatment or disposal of
hazardous waste (as that term is defined in the federal RCRA and applicable
federal or state regulations).
4.18 Financial and Operational Information. EPC has heretofore
delivered to MNGL copies of certain financial and operational information,
described in Exhibit 4.18. Except as noted in Exhibit 4.18, such financial and
operational information represents fairly the financial position of the
Business and Assets as of the dates indicated therein, and there has been no
material adverse change therein.
ARTICLE V: REPRESENTATIONS AND WARRANTIES OF EMC
EMC represents and warrants the following to MPI:
5.1 Organization, Qualification of EMC. EMC is a corporation duly
organized, validly existing, and in good standing under the laws of Delaware,
and is duly qualified to do business in all jurisdictions in which the
ownership of its properties or the nature of its activities makes such
qualification necessary, and where the failure to be so qualified could be
expected to have a material adverse effect on EMC's ability to complete the
transaction contemplated hereby.
5.2 Authority. EMC has full power to enter into this Agreement and
to consummate the transactions contemplated hereby. The execution and delivery
of this Agreement and the consummation of the transactions contemplated hereby
have been duly and validly authorized by all necessary corporate action on the
part of EMC and, subject to the general laws affecting creditors' rights, this
Agreement is a valid and binding obligation of EMC, enforceable against EMC in
accordance with its terms.
5.3 Necessary Authorizations. Except as set forth in Exhibit 5.3,
neither the execution and delivery of, nor performance under, this Agreement on
the part of EMC is prohibited by or requires any consent, authorization,
approval or registration under any law, rule or regulation, or any judgment,
order, writ, injunction or decree binding upon EMC.
5.4 No Conflict. Except as set forth in Exhibits 5.3 and 5.4, and
as contemplated under Section 8.4, neither the execution and delivery of this
Agreement nor the consummation of the transactions contemplated by it on the
part of EMC will be in conflict with, or result in a breach or violation of:
(i) any of the terms of the Articles of Incorporation or By-Laws of EMC; (ii)
any agreement, instrument or obligation to which EMC is a party, or by which
EMC or any of its properties is bound or affected; or (iii) any order,
judgment, injunction, decree, statute, rule, or regulation applicable to EMC.
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5.5 Litigation. Except as set forth in Exhibit 5.5, there are no
legal or administrative proceedings or investigations now pending or threatened
before any court or administrative body against EMC and EMC is not a party or
subject to any unsatisfied judgment, order or decree of any court of law,
administrative board or regulatory agency which would have a material adverse
effect on EMC's ability to consummate the transactions contemplated hereby.
ARTICLE VI: REPRESENTATIONS AND WARRANTIES OF MNGL
MNGL represents and warrants the following to EPC:
6.1 Organization, Qualification of MNGL. MNGL is a corporation
duly organized, validly existing, and in good standing under the laws of
Delaware, and is duly qualified to do business in all jurisdictions in which
the ownership of its properties or the nature of its activities makes such
qualification necessary, and where the failure to be so qualified could be
expected to have a material adverse effect on MNGL's ability to complete the
transaction contemplated hereby.
6.2 Authority. MNGL has full powers to enter into this Agreement
and to consummate the transactions contemplated hereby. The execution and
delivery of this Agreement and the consummation of the transactions
contemplated hereby have been duly and validly authorized by all necessary
corporate action on the part of MNGL and, subject to the general laws affecting
creditors' 8rights, this Agreement is a valid and binding obligation of MNGL,
enforceable against MNGL in accordance with its terms.
6.3 Necessary Authorizations. Except as set forth in Exhibit 6.3,
neither the execution and delivery of, nor performance under, this Agreement on
the part of MNGL is prohibited by or requires any consent, authorization,
approval or registration under any law, rule or regulation, or any judgment,
order, writ, injunction or decree binding upon MNGL.
6.4 No Conflict. Except as set forth in Exhibits 6.3 and 6.4, and
as contemplated under Section 8.4, neither the execution and delivery of this
Agreement nor the consummation of the transactions contemplated by it on the
part of MNGL will be in conflict with, or result in a breach or violation of:
(i) any of the terms of the Articles of Incorporation or By-Laws of MNGL; (ii)
any agreement, instrument or obligation to which MNGL is a party, or by which
MNGL or any of its properties is bound or affected; or (iii) any order,
judgment, injunction, decree, statute, rule, or regulation applicable to MNGL.
6.5 Litigation. Except as set forth in Exhibit 6.5, there are no
legal or administrative proceedings or investigations now pending or threatened
before any court or administrative body against MNGL and MNGL is not a party
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or subject to any unsatisfied judgment, order or decree of any court of law,
administrative board or regulatory agency which would have a material adverse
effect on MNGL's ability to consummate the transactions contemplated hereby.
ARTICLE VII: DISCLAIMERS, REPRESENTATIONS AND WARRANTIES OF MPI AND MFI
As appropriate, MPI and MFI represent and warrant to EMC:
7.1 Disclaimers. Except as specifically provided in this
Agreement, MPI and MFI make no warranties or representations, express or
implied in connection with the Motor Fuel Assets. Subject to this Section 7.1
and to the Permitted Encumbrances, MPI and MFI make the warranties and
representations set forth in Section Section 7.2 through 7.16.
EXCEPT AS SPECIFICALLY SET FORTH HEREIN, THE MOTOR FUEL ASSETS SHALL BE SOLD
AND TRANSFERRED TO EMC "AS IS, WHERE IS AND WITH ALL FAULTS" AND WITHOUT ANY
REPRESENTATIONS, WARRANTIES, EXPRESS OR IMPLIED, AS TO THE MERCHANTABILITY,
CONDITION OR FITNESS THEREOF OR AS TO USE FOR A PARTICULAR PURPOSE OR
COMPLIANCE WITH GOVERNMENTAL REQUIREMENTS. EMC HAS MADE ITS OWN INVESTIGATION
AND DETERMINATION REGARDING THE MOTOR FUEL ASSETS AND THEIR NATURE AND
CONDITION AND THE PURCHASE THEREOF AND HAS NOT RELIED ON ANY REPRESENTATIONS,
STATEMENTS OR WARRANTIES OF MPI, MFI, THEIR AGENTS OR EMPLOYEES WITH RESPECT TO
THE MOTOR FUEL ASSETS, EXCEPT AS SPECIFICALLY SET FORTH HEREIN. EMC
ACKNOWLEDGES THAT NO SUCH REPRESENTATIONS, STATEMENTS OR WARRANTIES HAVE BEEN
MADE, EXCEPT AS SPECIFICALLY SET FORTH IN THIS AGREEMENT.
7.2 Organization and Qualification. MPI and MFI are corporations
duly organized, validly existing and in good standing under the laws of the
State of Delaware, and are duly qualified to do business as foreign
corporations in all jurisdictions in which the ownership of their properties or
the nature of their activities in connection with the Motor Fuel Assets makes
such qualification necessary, and where the failure to be so qualified would
have a material adverse effect on the Motor Fuel Assets taken as a whole.
7.3 Authority. MPI and MFI each have full corporate power and
authority to enter into this Agreement and to consummate the transactions
contemplated hereby. The execution and delivery of this Agreement and the
consummation of the transactions contemplated hereby have been duly and validly
authorized by all necessary corporate
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action on the part of MPI and MFI, and, subject to the general laws affecting
creditors' rights, this Agreement is a valid and binding obligation of MPI and
MFI, enforceable against MPI and MFI in accordance with its terms.
7.4 Required Third Party Consents. Except as set forth in Exhibit
7.4, neither the execution and delivery of, nor performance under, this
Agreement on the part of MPI or MFI is prohibited by or requires any prior
consent, by any third parties under any agreement related to the Motor Fuel
Assets to which MPI or MFI is a party, and by which MPI or MFI is bound with
respect to which the failure to obtain such consent would have a material
adverse effect on the ownership or operation of the Motor Fuel Assets.
7.5 No Conflict. Except as set forth in Exhibit 7.5 and as
contemplated by Section 8.4, neither the execution and delivery of this
Agreement nor the consummation of the transactions contemplated by it on the
part of MPI or MFI will be in conflict with, or result in a breach or violation
adverse to the ownership or operation of the Motor Fuel Assets of: (i) any of
the terms of the certificates or articles of incorporation or By-Laws of MPI or
MFI, (ii) any material agreement, instrument, or obligation related to the
Motor Fuel Assets to which MPI or MFI is a party or by which any of the Motor
Fuel Assets are bound, or (iii) any material order, judgment, injunction,
decree, law, statute, rule, or regulation applicable to MPI or MFI or the
conduct of the Station business or by which any of the Motor Fuel Assets are
bound.
7.6 Liabilities. With respect to the Motor Fuel Assets, MPI and
MFI have no material liabilities, fixed or contingent, nor any material
contractual commitments nor any short- or long-term debt which are not
described or listed in this Agreement or its Exhibits, except for liabilities
incurred in the ordinary course of operating the Stations since December 31,
1993.
7.7 Absence of Changes. Except as set forth in Exhibit 7.7, since
December 31, 1993, there has not been:
(1) Any change in the condition (financial or other), of the
properties, assets, liabilities and Motor Fuel Assets except normal and usual
changes in the ordinary course of business which are in the aggregate
materially adverse to the Motor Fuel Assets.
(2) Any damage, destruction or losses (whether or not covered by
insurance) in an aggregate amount exceeding $25,000.00 affecting the Motor Fuel
Assets.
(3) Except in the ordinary course of business, any sale, lease,
abandonment or other disposition by MPI or MFI of any interest in any property,
machinery, equipment or other operating property, as respects the Motor Fuel
Assets.
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(4) Any other occurrence, event, or condition which materially and
adversely affects or, to the best of MPI's and MFI's knowledge, is likely to
materially and adversely affect the Motor Fuel Assets.
7.8 Claims and Litigation. With respect to the Motor Fuel Assets,
except as set forth in Exhibit 7.8, (i) there are no legal or administrative
proceedings, claims or investigations now pending before any court or
administrative body against MPI or MFI; (ii) to MPI's or to MFI's knowledge,
there are no material, threatened legal or administrative proceedings, claims
or investigations against them; (iii) MPI or MFI have not received notice of
any investigation threatened or contemplated by any federal, state or local
governmental or regulatory authority, including those involving the safety of
products, the working conditions of employees, their employment practices or
policies, or compliance with environmental regulations; and (iv) neither the
Station business, nor any of the Motor Fuel Assets is subject to any material
judgment, order, writ, injunction, stipulation or decree of any court or any
governmental agency or any arbitrator.
7.9 Taxes and Assessments. Except as set forth in Exhibit 7.9, all
taxes of any kind, including ad valorem, property, excise, income and similar
taxes and assessments which have become due and payable have been properly
paid; MPI and MFI have filed or caused to be filed all tax returns required to
be filed under the laws of the United States, the state of incorporation of MPI
and MFI and each state in which MPI or MFI is required to file returns because
of the conduct of the Station business; all taxes shown by such returns to be
due and payable have been paid; and MPI and MFI know of no proposed assessment,
assessment or claim by the United States government, or any state or any other
taxing authority in which the Station business is conducted for additional
taxes other than those paid in accordance with such returns or which has been
disclosed to EMC.
7.10 Station Inventory. The Station Inventory contains no material
amounts that are unsalable and unusable for the purposes intended in the
ordinary course of the Station business.
7.11 Station Equipment. Exhibit 1.30 contains an accurate and
complete list of all Station Equipment used in the business of the Motor Fuel
Assets to be conveyed to EMC. MPI and MFI warrant that, as of the Closing Date,
as to all vehicles: (i) all are properly licensed and registered in accordance
with applicable law; (ii) all meet applicable state and federal standards and
regulatory requirements and there are no material items of non-compliance
thereunder; (iii) they are not subject to any lien or other encumbrance,
contract of sale, security agreement or charge of any kind or character other
than those contained in the leases for such vehicles, and (iv) they are the
sole property of MPI or MFI
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and no person, corporation or firm has any ownership interest in such vehicles
other than those contained in the leases for the leased vehicles.
7.12 Title to Assets. Subject to the provisions of the Stations'
contracts, (i) MPI or MFI is the sole and exclusive legal and equitable owner
of all right, title and interest in and has good and marketable title to all of
the Station Equipment and Station Inventory, (ii) they will transfer such
Station Equipment and Station Inventory free and clear of any contract of sale,
encumbrance, security agreement, lien or charge of any kind or character, and
(iii) no person, corporation or firm has any ownership interest in the Station
Equipment and Station Inventory being transferred pursuant to this Agreement
other than MPI or MFI.
7.13 Stations. Exhibit 1.29 sets forth the street addresses of each
of the Stations. Where MFI is the owner of a Station in fee, it is the sole and
exclusive legal and equitable owner of all right, title and interest in and has
good, marketable and insurable title as conveyed by a limited warranty deed or
its equivalent, and is in exclusive possession of, all real estate which it
purports to own, including the buildings, structures, sidetracks and
improvements situated thereon and appurtenances thereto. Where MPI or MFI is
the lessee of a Station, MPI or MFI is in current uninterrupted possession of
the Station and is not in default, nor with the passage of time will a default
exist, under any of the terms, covenants or conditions of the lease therefor
and the lease is valid and enforceable and has not been altered, modified, or
amended except as shown in the lease documents provided to EMC. Except as set
forth in Exhibit 7.13, no portion of any Station has been condemned,
requisitioned or otherwise taken by any public authority, and no notice of any
such condemnation, requisition or taking has been received. To the knowledge of
MPI and MFI, no such condemnation, requisition or taking is threatened or
contemplated. MPI and MFI have no knowledge of any public improvements which
may result in special assessments against or otherwise affect any of the
Stations. The Stations as conveyed pursuant to this Agreement shall include all
rights to any off- site facilities necessary to ensure compliance in all
material respects with all zoning, building, health, fire, water, use or
similar statutes, codes, ordinances, laws, rules or regulations. To the
knowledge of MPI and MFI, no fact or condition exists which would result in the
termination or impairment of access to any of the Stations or discontinuation
of sewer, water, electric, gas, telephone, waste disposal or other utilities or
services.
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7.14 Station Employees. MPI and MFI have substantially complied
with all laws, rules and regulations relating to the employment of labor,
including provisions relating to wages, hours, equal opportunity, occupational
health and safety, severance and the payment of Social Security and other
taxes.
7.15 Employee Benefit Plans. At no time has MPI or MFI been
required to contribute to any "multi-employer pension plan" (as defined in
Section 3(37) of ERISA) or incurred any withdrawal liability with the meaning
of Section 4201 of ERISA.
7.16 Contracts. Exhibit 1.33 sets forth an accurate and complete
list of all material instruments, commitments and agreements related to the
Motor Fuel Assets to which EMC will become bound, or by which any of the Motor
Fuel Assets will be bound following Closing. Except as set forth in Exhibit
7.16, each contract to which EMC will become bound is in full force and effect
and is valid, binding and enforceable in accordance with its terms; no event
has occurred which is or, after the giving of notice or passage of time, or
both, would constitute a default under or a breach of any such contract by MPI
or MFI, or, to the knowledge of MPI or MFI, by any other party; and MPI and MFI
have not received or given notice of an intention to cancel or terminate any
such contract or to exercise or not exercise options or rights under any such
contract.
7.17 Environmental Matters-The Stations. With regard to
environmental matters, including any contamination of the environment at or by
any of the Stations or release of Hazardous Materials from or upon the
Stations, except as set forth in Exhibit 7.17, there are no lawsuits, claims by
the government or third parties, notices of violation, administrative orders,
or letters of inquiry (hereinafter "actions") by any governmental entity,
pending or threatened, or administrative orders, consent decrees or orders or
injunctions already entered, relating to the Stations and that there are no
CERCLA Section 104(e) letters or requests for information, notifications by the
federal, state or local government or a private party that MPI or MFI is a
potentially responsible party for the assessment or remediation of
contamination caused at any such location from Hazardous Materials which
originated from the Stations.
Except as set forth in Exhibit 7.17, as to the Stations, there are no
suspected or confirmed releases of Petroleum or other Hazardous Materials.
Except as set forth on Exhibit 7.17, to the best of MPI's and MFI's knowledge
and without further inquiry or investigation, there are no Class V injection
wells (as that term is defined in federal and/or state underground injection
laws and regulations) and to the best of MPI and MFI's knowledge and without
further inquiry or
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investigation, none of the Class V injection wells received any waste from bay
drains or from surface water drainage from the exterior grounds of a gasoline
station.
MPI and MFI warrant that as of the Closing, the Motor Fuel Assets are
in compliance with laws and regulations relating to:
a. underground storage tanks, including, but not limited to:
testing the tanks and lines in the frequency required and in conformity with
required procedures; leak detection requirements, upgrading of tanks and lines
as required by the regulations; reporting of releases of hydrocarbon or
hazardous materials; conducting assessment and remediation of underground
storage tank system (tanks and lines) releases; registration of tanks and
payment of applicable fees; satisfying financial responsibility requirements;
b. SARA Title III, including, but not limited to submitting the
necessary Tier I and Tier II information to appropriate agencies and it has
paid any required fees for all materials at the Stations which are regulated by
said law;
c. clean water, including, but not limited to, it is in
compliance with any NPDES permits it may have at any locations;
d. air pollution, including, but not limited to, that all
underground storage tanks comply with Stage I and Stage II requirements, as
applicable, and that all registration documents have been filed and all fees
paid (as applicable) for all underground storage tanks (as air emission
sources);
MPI and MFI further warrant that as of the Closing Date, the Motor
Fuel Assets are in compliance with laws and regulations relating to releases of
Hazardous Materials onto or from any of the Stations (underground storage tank
related releases of petroleum already disclosed herein are not covered by this
sentence); and, that no activity has been conducted on any of the Stations
which would require a permit for the storage, treatment or disposal of
hazardous waste (as that term is defined in the federal RCRA and applicable
federal or state regulations).
7.18 Financial and Operational Information.
(a) MPI and MFI have heretofore delivered to EMC copies of certain
financial and operational information, described in Exhibit 7.18. Except as
noted in Exhibit 7.18, such financial and operational information represents
fairly the financial position of the Motor Fuel Assets as of the dates
indicated therein, and there has been no material adverse change therein.
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ARTICLE VIII: COVENANTS
8.1 Operation of Business. From the date hereof to the Closing
Date, unless acting under MNGL's direction, EPC shall: (i) conduct the Business
in good faith in accordance with the ordinary course, (ii) maintain in effect
the insurance coverage, if any, now in force with respect to the Assets, (iii)
not engage in any transactions outside the ordinary course of conducting the
Business, and (iv) not sell or dispose of any of the Assets nor encumber the
Assets other than in the ordinary course of conducting the Business.
8.2 Operation of the Motor Fuel Assets. From the date hereof to
the Closing Date, unless acting under EMC's direction, MPI and MFI shall: (i)
conduct the business of operating the Motor Fuel Assets in good faith in
accordance with the ordinary course, (ii) maintain in effect the insurance
coverage, if any, now in force with respect to the Motor Fuel Assets, (iii) not
engage in any transactions outside the ordinary course of operating the Motor
Fuel Assets, and (iv) not sell or dispose of any of the Motor Fuel Assets nor
encumber the Motor Fuel Assets other than in the ordinary course of operating
the Motor Fuel Assets.
8.3 Access. Prior to the execution hereof and subject to Section
8.5, EPC has granted MNGL access to the data, files and information relating to
the Business. From and after the date of this Agreement, subject to Section 8.5
and prior to the Closing Date, EPC will give to MNGL and to its representatives
access during normal business hours to the offices of EPC used in the Business
and to the files and records pertaining to the transaction contemplated hereby.
Prior to the execution hereof and subject to Section 8.5, MPI and MFI
have granted EMC access to the data, files and information relating to the
Motor Fuel Assets. From and after the date of this Agreement, subject to
Section 8.5 and prior to the Closing Date, MPI and MFI will give to EMC and to
its representatives access during normal business hours to the offices of MPI
and MFI used in operating the Motor Fuel Assets and to the files and records
pertaining to the transaction contemplated hereby.
8.4 Hart-Scott-Rodino Filings. Each party shall submit filings in
connection with the transactions contemplated by this Agreement under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act"). Each
party agrees that in the event that a further request for information is
forthcoming under the HSR Act, it will use its best efforts to coordinate their
responses and to comply with such request in a timely fashion.
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8.5 Confidentiality. Each party acknowledges that, pursuant to its
right of access to books and records, they have had and will have access to
confidential information of other parties hereto and that communication of such
information to third parties (unless such communication of information is
authorized prior to disclosure thereof in writing) would irreparably injure the
party to whom such information pertains in the event that the transaction
contemplated hereby is not consummated. MNGL has previously executed a
Confidentiality Agreement dated March 10, 1994, in which MNGL agreed to keep
confidential the information about the Business furnished to MNGL by or on
behalf of EPC. If all or any part of the Closing should not occur for any
reason, all confidential information concerning any party, or any of the
businesses or operations obtained by other parties pursuant to or in
anticipation of executing this Agreement, pertaining solely to the part of this
transaction which is not closed, shall be returned to the party to whom it
pertains or be destroyed under the terms of the Confidentiality Agreement and
the obligations under the Confidentiality Agreement shall survive the
termination of this Agreement indefinitely. Information which relates to the
portion of the transaction which does close may be used by the parties and
disclosed to third parties as necessary in the ordinary course of business.
8.6 Conditions. All parties shall use all reasonable efforts to
cause the mutual conditions precedent to their obligations, and the conditions
precedent to the obligations of the parties to be satisfied on or before the
Closing Date.
8.7 Maintenance of and Access to Records. For a period after the
Closing Date, each party shall each maintain files, books and records
(including those delivered to another) relating to the Motor Fuel Assets and
the Business. Such period shall be equal to the applicable regulatory period
for governmental audit of such records, and in no event less than three (3)
years. During such period, each party shall have access to such files, books or
records during normal business hours upon advance written notice to the other
party in connection with federal, state or local regulatory or tax matters,
resolution of existing disputes or contract compliance matters affecting the
party and to audit the same. Further, during such period, each party shall each
provide to the other parties such assistance as is reasonably requested in the
review and analysis of such files, books, and records. Such assistance will
include, but not be limited to, providing tax data for the period of time
through the Closing Date; providing space, facilities and assistance to the
requesting party's internal and external auditors to complete their audit work;
assisting the requesting party in responding to questions and issues raised by
tax authorities during their audits of periods ending prior to or including the
Closing Date; and providing information which may be relevant to the requesting
party in defending or pursuing claims or litigation
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by or against the requesting party. Each party will notify the other before
destroying any such files, books and records. Their disposition shall be
mutually agreed upon by the party requesting permission to destroy or dispose
of same giving to the other party sixty (60) days to respond to such request.
Either party may choose to have the documents noticed for destruction or
disposition delivered to it for retention by the party at the party's expense.
The party requesting assistance hereunder shall reimburse the other
party for reasonable out-of-pocket expenses and agree on a fee for providing
such assistance at the providing party's usual rates.
Further, in connection with operating audits relating to periods of
time prior to the Effective Time, the parties reserve the right to examine the
books and records of other parties for periods subsequent to the Effective
Time, as may be reasonably requested.
8.8 Contracts. Without MNGL's prior consent, except in the
ordinary course of conducting the Business, EPC will not: (a) enter into any
agreement or arrangement to transfer, sell, or encumber any portion of the
Assets, or (b) grant any preferential right to purchase or similar right or
agree to require the consent of any party to the transfer and assignment of any
portion of the Assets to MNGL.
Without EMC's prior consent, except in the ordinary course of
operating the Motor Fuel Assets, MPI and MFI will not: (a) enter into any
agreement or arrangement to transfer, sell, or encumber any portion of the
Motor Fuel Assets, or (b) grant any preferential right to purchase or similar
right or agree to require the consent of any party to the transfer and
assignment of any portion of the Motor Fuel Assets to EMC.
8.9 Permissions. EMC and MNGL shall each be responsible for
obtaining all licenses, registrations, and permits needed or desirable to
operate the Motor Fuel Assets or the Business, respectively, after Closing.
Each party will cooperate and use all reasonable efforts to obtain all such
permits, registrations, and licenses and all permissions, approvals and
consents by federal, state and local governmental authorities and others as may
be required to effect the transaction contemplated by this Agreement.
8.10 Insurance. As of the Effective Time, EPC will cause the
termination of all insurance coverage, if any, for the Assets and the operation
of the Business, including that provided under EPC's self-insurance program.
MNGL shall obtain such replacement insurance as it shall deem necessary.
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As of the Effective Time, MPI and MFI will cause the termination of
all insurance coverage, if any, for the Motor Fuel Assets and their operation,
including that provided under MPI's or MFI's self-insurance program. EMC shall
obtain such replacement insurance as it shall deem necessary.
8.11 Internal Revenue Code 1031 Exchanges. EPC and EMC acknowledge
and agree that MNGL, MPI or MFI may engage in a deferred exchange of like-kind
property utilizing a qualified intermediary pursuant to Section 1031 of the
Internal Revenue Code of 1986, as amended (the "IRC"). Notwithstanding any
provision herein to the contrary, in the event MNGL, MPI or MFI elects to
engage in a deferred like-kind exchange, EPC and EMC agree to consent to the
assignment of MNGL's, MPI's or MFI's rights under this Agreement to a qualified
intermediary in order to facilitate the deferred like-kind exchange. EPC and
EMC also agree to accept payment for the Assets or receive the Motor Fuel
Assets from a qualified intermediary. MNGL, MPI and MFI agree that
notwithstanding any assignment of this Agreement to a qualified intermediary,
they shall remain responsible for the performance of the terms and conditions
herein, including the environmental obligations contained in Article XIV
herein. Further provided, however, that EPC and EMC acknowledge and agree that
they shall have no recourse whatsoever as against the qualified intermediary
under the Agreement, including any breach of representations and warranties
herein contained, except for those obligations of payment. MNGL, EPC and EMC
agree to execute any and all documents necessary to consummate the purposes of
this section. EPC and EMC agree to consent to such assignment of rights under
Section 1031 provided that (i) it is to an intermediary qualified as such
pursuant to the regulations under IRC Section 1031; (ii) in no event will EPC
or EMC be required to become the owner of record of any real property other
than the Stations; (iii) there shall be no adverse tax consequences to EPC or
EMC as the result of such exchange; and (iv) the participation in any such
exchange shall not be a representation by EPC or EMC of the tax consequences to
MNGL, MPI or MFI of the exchange.
Further, the parties acknowledge that they may engage in a like-kind
property exchange with each other pursuant to IRC Section 1031.
ARTICLE IX: EPC EMPLOYEES AND BENEFITS
9.1 Employees. MNGL will offer to substantially all of the
regular, full-time, actively-at-work employees of EPC engaged in the conduct of
the Business, other than employees located at the main office in Flint,
Michigan, as of the Closing Date, the opportunity to become at-will employees
of MNGL. Other than for those employees of EPC who are
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represented for the purposes of collective bargaining, such offer shall be at
base salaries or wage rates comparable to those in effect for similarly
situated MNGL employees. MNGL shall not assume any employee benefit or
compensation plans, programs, agreements or practices of EPC or its affiliates,
or any obligations or liabilities associated therewith.
9.2 Union Location. With respect to the employees of EPC at the
Toledo, Ohio branch, MNGL acknowledges that such employees are represented by
Local No. 20 of the International Brotherhood of Teamsters.
9.3 No Third Party Beneficiaries. Nothing expressed or implied in
this Agreement is intended to confer upon or deny, any employee of EPC any
rights or remedies including, but not limited to, any rights of employment with
EPC or MNGL for any specified period of time.
9.4 Family and Medical Leave. EPC agrees that it shall be solely
responsible for providing any and all notices, election forms, continued
employment, and related benefit plan participation that may become due or be
required with respect to an employee of EPC under the federal Family and
Medical Leave Act and any similar state law with respect to any leave of such
an individual commencing while employed by EPC.
9.5 COBRA. EPC agrees that it shall be solely responsible for
providing any and al notices, election forms, and related continuation coverage
that may become due or be required with respect to any employee of EPC under
Section 4980B of the IRC on account of such employee's termination from
employment with EPC or on account of any other qualifying event (as defined in
IRC Section 4980B) which occurs (or relates to continuation coverage which may
commence) on or before employment, if any, of such individual by MNGL.
ARTICLE X: STATION EMPLOYEES AND BENEFITS
10.1 Station Employees. Within sixty (60) days of the execution
hereof, EMC will offer to substantially all of the employees of MPI and MFI
engaged in the operation of the Stations as of the Closing Date, the
opportunity to become at-will employees of EMC effective as of the Effective
Time. Such offer shall be at base salaries or wage rates comparable to those in
effect for similarly situated employees of EMC. EMC shall not assume any
employee benefit or compensation plans, programs, agreements or practices of
MPI or MFI or their affiliates, or any obligations or liabilities associated
therewith.
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10.2 No Third Party Beneficiaries. Nothing expressed or implied in
this Agreement is intended to confer upon or deny any employee of MPI or MFI
any rights or remedies including, but not limited to, any rights of employment
for any specified period of time.
10.3 Family and Medical Leave. MPI and MFI agree that they shall be
solely responsible for providing any and all notices, election forms, continued
employment, and related benefit plan participation that may become due or be
required with respect to an employee of MPI or MFI under the federal Family and
Medical Leave Act and any similar state law with respect to any leave of such
an individual commencing while employed by MPI or MFI.
10.4 COBRA. MPI and MFI agree that they shall be solely responsible
for providing any and all notices, election forms, and related continuation
coverage that may become due or be required with respect to any employee of MPI
or MFI under Section 4980B of the IRC on account of such employee's termination
from employment with MPI or MFI or on account of any other qualifying event (as
defined in IRC Section 4980B) which occurs (or relates to continuation coverage
which may commence) on or before employment, if any, of such individual by EMC.
ARTICLE XI: TITLE AND CONDITION OF THE LAND
11.1 Title Commitments. No later than twenty-five (25) days prior
to the Closing, EPC shall pay for and provide commitments for owners title
insurance policies to MNGL for the Land owned by EPC. Each policy shall be
issued by First American Title Insurance Company in the amounts set forth on
Exhibit 1.27, and such policies shall be in standard ALTA Owners Policy Form
(1992) showing good and marketable title in EPC for the Land subject to the
Permitted Encumbrances and to the standard form exceptions, other than those
removed by a survey of the Land.
11.2 Surveys. No later than twenty-five (25) days prior to the
Closing EPC shall deliver to MNGL current surveys of the Land owned by EPC
prepared by a surveyor licensed in the appropriate jurisdiction, which contain
a certification specifically addressed to EPC, MNGL and the title company that
the surveys were made in accordance with the applicable state land survey
standards and contain a legal description of the particular location, the
acreage of the particular location, and locate all building lines, and show all
improvements to be within the lot lines. EPC shall be responsible for the
expense of the surveys of the Land.
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11.3 Unpermitted Exceptions. If a commitment or survey discloses
any unpermitted exceptions, MNGL shall notify EPC of its objection to any such
unpermitted exception within ten (10) days of receipt of the commitment or
survey.
EPC shall have fifteen (15) days after receipt of notice of an
unpermitted exception to use its reasonable efforts to either: (i) cause the
unpermitted exception to be removed or released or correct the survey defect;
or (ii) have the title company undertake to insure against loss or damage that
may be occasioned by the unpermitted exception. EPC shall not be obligated to
expend more than an aggregate of One Hundred Thousand Dollars ($100,000.00) to
remove unpermitted exceptions or cause the title company to insure against loss
or damage.
If EPC does not cause an unpermitted exception to be removed, released
or corrected, or cause the title company to undertake to insure against the
same within the fifteen (15) day period specified above, MNGL shall, at its
option, by notice to EPC within three (3) days after the expiration of the
fifteen (15) day period: (i) terminate this Agreement as to the particular
location with a reduction of the Asset Purchase Price in accordance with
Exhibit 1.27; or (ii) accept the title to the particular location in its then
condition with the right to deduct from the cash portion of the Asset Purchase
Price liens or encumbrances of a definite or ascertainable amount.
11.4 Casualty. Subject to the provisions set forth below, until the
Effective Time, EPC shall bear the risk of loss due to damage or destruction of
the Land.
(a) In the event that any parcel of Land or any part thereof shall
be substantially damaged or destroyed (which shall mean that more than fifty
percent (50%) of a location has been damaged or destroyed) by fire or other
casualty prior to the Effective Time, MNGL shall proceed to close the purchase
of the Assets in accordance with the terms of this Agreement with a reduction
in the cash portion of the Asset Purchase Price of such percentage of
destruction times the Land price shown in Exhibit 1.27.
(b) In the event that a location has not been substantially
damaged, and there is no insurance coverage for the loss or damage, EPC shall
pay to MNGL the cost of repair or replacement of the location as a credit
against the cash portion of the Asset Purchase Price or shall restore the
location to its condition prior to the loss or damage.
11.5 Condemnation.
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(a) In the event that all or substantially all of any location
shall be taken or proposed to be taken by eminent domain or condemnation prior
to the Closing Date, MNGL shall have the right to terminate this Agreement as
to such location with a reduction in the cash portion of the Asset Purchase
Price in accordance with Exhibit 1.27. MNGL shall have the right to terminate
within thirty (30) days after receipt by MNGL of written notice from EPC of the
commencement of such condemnation. Failure to so elect shall constitute MNGL's
election to proceed pursuant to clause (b) below.
(b) If MNGL does not terminate as provided in clause (a) above, or
if such condemnations shall be less than substantially all of the location,
MNGL shall take an assignment of EPC's award payable in connection with the
taking or condemnation (without representation or warranty by, or recourse to,
EPC) and proceed to close the purchase of the location in accordance with the
terms of this Agreement on the later of (i) the Closing Date or (ii) sixty (60)
days after EPC's notice.
(c) In the event MNGL does not elect to terminate this Agreement
as to such location, EPC shall not adjust or settle any condemnation awards
whatsoever without the prior written approval of MNGL (not to be unreasonably
withheld or delayed) and MNGL shall participate in all negotiations relating to
any such condemnation awards, and in the event that any litigation arises as a
result of any such condemnation, MNGL shall participate in and direct the
course of any such litigation, at MNGL's expense, and EPC shall reasonably
cooperate in such litigation.
ARTICLE XII: TITLE AND CONDITION OF THE STATIONS
12.1 Title Commitments. No later than twenty-five (25) days prior
to the Closing, MPI and MFI shall pay for and provide commitments for owners or
lessees title insurance policies, as the case may be, to EMC for the Stations.
Each policy shall be issued by First American Title Insurance Company or
Chicago Title Insurance Company in the amounts set forth on Exhibit 1.27. The
owners policy shall be in standard ALTA Owners Policy Form (1992) showing good
and marketable title in MFI for the Station subject to the Permitted
Encumbrances and to the standard form exceptions, other than those removed by a
survey of the Station. The lessee's policy shall be in standard ALTA Lessees
Policy Form (1992) showing the first right of undisturbed possession and
occupancy in MPI or MFI for the Stations subject to the Permitted Encumbrances
and to the standard form exceptions, other than those removed by a survey of
the Stations.
12.2 Surveys. No later than twenty-five (25) days prior to the
Closing MPI shall deliver to EMC current surveys of the Stations prepared by a
surveyor licensed in the appropriate jurisdiction, which contain a
certification specifically
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addressed to MPI, MFI, EMC, and the title company that the surveys were made in
accordance with the applicable state land survey standards and contain a legal
description of the particular location, the acreage of the particular location,
and locate all building lines, and show all improvements to be within the lot
lines. MPI shall be responsible for the expense of the surveys for the
Stations.
12.3 Unpermitted Exceptions. If a commitment or survey discloses
any unpermitted exceptions, EMC shall notify MPI of its objection to any such
unpermitted exception within ten (10) days of receipt of the commitment or
survey.
MPI or MFI shall have fifteen (15) days after receipt of notice
of an unpermitted exception to use its reasonable efforts to either: (i) cause
the unpermitted exception to be removed or released or correct the survey
defect; or (ii) have the title company undertake to insure against loss or
damage that may be occasioned by the unpermitted exception. MPI and MFI shall
not be obligated to expend more than an aggregate of One Hundred Thousand
Dollars ($100,000.00) to remove unpermitted exceptions or cause the title
company to insure against loss or damage.
If MPI or MFI does not cause an unpermitted exception to be removed,
released or corrected, or cause the title company to undertake to insure
against the same within the fifteen (15) day period specified above, EMC shall,
at its option, by notice to MPI within three (3) days after the expiration of
the fifteen (15) day period: (i) terminate this Agreement as to the particular
Station with the requirement that MNGL pay at Closing the cash value of the
Location in accordance with Exhibit 1.27; or (ii) accept the title to the
particular location in its then condition with the right to require an addition
to the cash payment at Closing for liens or encumbrances of a definite or
ascertainable amount.
12.4 Casualty. Subject to the provisions set forth below, until the
Effective Time, MPI and MFI shall bear the risk of loss due to damage or
destruction of the Stations.
(a) In the event that any Station or any part thereof shall be
substantially damaged or destroyed (which shall mean that more than fifty
percent (50%) of a location has been damaged or destroyed) by fire or other
casualty prior to the Effective Time, MPI or MFI shall retain such Station and
MNGL shall increase the cash payment at Closing by the amount set forth in
Exhibit 1.27.
(b) In the event that a Station has not been substantially
damaged, and there is no insurance coverage for the loss or damage, MPI shall
pay to EMC the cost of repair or replacement of the location or shall restore
the location to its condition prior to the loss or damage.
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12.5 Condemnation.
(a) In the event that all or substantially all of any Station
shall be taken or proposed to be taken by eminent domain or condemnation prior
to the Closing Date, EMC shall have the right to terminate this Agreement as to
such location with an increase in the cash payment at Closing in accordance
with Exhibit 1.27. EMC shall have the right to terminate within thirty (30)
days after receipt by EMC of written notice from MPI or MFI of the commencement
of such condemnation. Failure to so elect shall constitute EMC's election to
proceed pursuant to clause (b) below.
(b) If EMC does not terminate as provided in clause (a) above, or
if such condemnations shall be less than substantially all of the Station, EMC
shall take an assignment of MPI's or MFI's award payable in connection with the
taking or condemnation (without representation or warranty by, or recourse to,
MPI or MFI) and proceed to close the purchase of the location in accordance
with the terms of this Agreement on the later of (i) the Closing Date or (ii)
sixty (60) days after MPI's notice.
(c) In the event EMC does not elect to terminate this Agreement as
to such location, MPI and MFI shall not adjust or settle any condemnation
awards whatsoever without the prior written approval of EMC (not to be
unreasonably withheld or delayed) and EMC shall participate in all negotiations
relating to any such condemnation awards, and in the event that any litigation
arises as a result of any such condemnation, EMC shall participate in and
direct the course of any such litigation, at EMC's expense, and MPI and MFI
shall reasonably cooperate in such litigation.
ARTICLE XIII: TRADEMARKS AND TRADE NAMES
13.1 Assignment of Trademarks and Trade Names. EPC and EMC agree to
assign to MNGL all right title and interest they have in the trade names of
Fuelgas and NRG and all related trademarks and art. Such assignment shall be
without warranty and shall be substantially in the form attached as Exhibit
20.2(e).
13.2 License of Trademarks and Trade Names. EPC agrees to license
to MNGL for a period of twelve (12) months following the Effective Time the
trade name of Emro Propane Company and all related trademarks and art. Such
license shall be substantially in the form attached as Exhibit 20.2(e).
ARTICLE XIV: ENVIRONMENTAL MATTERS
14.1 Assessment and Remediation of the Land.
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14.1.1 Except as provided in Section 20.2, EPC has provided MNGL with
copies of the following environmental information which it has in its custody
and which are not privileged: any assessments, studies, reports, or data which
EPC has submitted to, or prepared for, a governmental agency regarding the
Land; any notices of violations, order or inquiries of an environmental nature
from any government or third party directed to EPC regarding the Land; and any
information with respect to suspected or confirmed releases of Hazardous
Materials at the Land. MNGL acknowledges that Hydrocarbon contamination exists
at each parcel of the Land identified in Exhibit 14.1.1.
14.1.2 EPC has started conducting Phase I and, as necessary, Phase II
environmental site assessments on all of the Land. All Phase I assessments
shall be completed at least thirty (30) days before the Closing Date and all
Phase II assessments, as needed, shall be completed by December 31, 1994. The
assessments shall be performed in accordance with ASTM standards and shall
include the procedures set forth in Exhibit 14.1.2. Phase II work shall include
soil and groundwater monitoring sampling and laboratory analysis to adequately
define the lateral and vertical extent of any Petroleum or other Hazardous
Materials at the Land or migrating from the Land. Phase II testing for
underground storage tanks shall include tank and line tightness tests using
appropriately experienced contractors. All corrective work that may be required
so that the underground storage tanks and lines test tight and otherwise comply
with all applicable requirements shall be completed by December 31, 1994. The
results of these assessments will be provided to MNGL. Upon receipt of such
assessments, MNGL may exclude any Land for which suspected or confirmed
contamination appears to be present in a significant amount or where in the
reasonable judgment of MNGL, there is significant third party exposure to
liability because of such contamination; in that case, and if prior to the
Closing, the cash allocated price shown on Exhibit 1.27 for such Land together
with reasonable cost to relocate the Assets located on the Land shall be paid
by EPC at Closing. If receipt of the Phase II assessment occurs after Closing,
MNGL shall reconvey the Land to EPC by quitclaim deed and receive from EPC the
cash allocated price for such Land, together with reasonable cost to relocate
the Assets located on such Land.
For the branch at Neapolis, Ohio, and the satellite at Lucerne,
Indiana, or at any other branches or satellites, if tank and/or line tightness
tests reveal that tanks and/or lines are leaking and are, at EPC's reasonable
determination, repairable in accordance with good oil industry practices, EPC
shall commence repair of such tanks and lines at its own cost prior to the
Closing Date; provided, however, that EPC shall advise MNGL of the costs EPC
will incur in repairing
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said tanks and/or lines, and if MNGL desires to replace rather than repair such
lines and/or tanks, MNGL shall so advise EPC and the tanks and lines shall be
replaced at MNGL's sole cost and expense and EPC shall pay to MNGL the amount
EPC would have incurred to repair. If, in the reasonable determination of EPC's
independent UST engineering consultant, tanks and/or lines are not repairable
and require replacement, then EPC shall replace such tanks at its sole cost.
14.1.3 EPC has reported or shall report all suspected or confirmed
releases of Petroleum or other Hazardous Materials in conformity with
Applicable Laws, and are complying with the Applicable Laws for these
properties and for all properties for which a suspected or confirmed release
has already been reported in conducting the following work and any other work
required by Applicable Laws, including work at any off-site properties to where
contamination has migrated; assessing and reporting the contamination,
developing a corrective, or remedial, action plan for the contamination,
obtaining approval of the plan from the appropriate governmental authorities,
implementing the approved plan, and obtaining a "no-further-action" letter or
equivalent from such governmental authorities or if applicable law, regulation
or practice does not practically make such letter available, remediating the
contamination to standards contained in Applicable Laws.
14.1.4 Subsequent to Closing and during site remediation being
conducted by EPC, MNGL shall report all suspected or confirmed releases of
Petroleum or other Hazardous Materials to EPC within 48 hours and provide EPC
with all documentation in regard to that location and incident, including all
sampling results taken at that location and all environmental documents and
reports prepared for that location along with any reports or documents
submitted to any governmental agency.
14.1.5 Prior to the commencement of any remedial or corrective action
plan or assessments to create such plans, such plans shall be sent by overnight
mail to MNGL at least fourteen (14) days before they are due with the
governmental agency to allow MNGL the opportunity to comment to EPC before the
work plans are finalized. In the event a remedial or corrective action plan has
been prepared and approved by the relevant governmental agency prior to
Closing, EPC shall forward such plans to MNGL within thirty (30) days after
Closing. Thereafter, EPC shall provide MNGL with all reports prepared pursuant
to the work plans. No remedial measures in excess of those required by the
U.S. Environmental Protection Agency or relevant state regulatory agency shall
be required to be performed by EPC hereunder.
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14.1.6 Before work is concluded at any particular site, EPC shall
submit a "no further action" letter or equivalent or other documentation to
MNGL demonstrating that all environmental laws, regulations or other applicable
requirements have been satisfied at that particular Land. If MNGL disputes that
such standards have been satisfied, MNGL shall notify EPC of such dispute and
the parties shall discuss this issue in good faith and seek to resolve it. No
remedial measures in excess of those required by the U. S. Environmental
Protection Agency or relevant state regulatory agency shall be required to be
performed by EPC hereunder, and all remedial measures for the Land may be
deemed completed for purposes of this Agreement upon the receipt of a "no
further action" letter or its equivalent from the U. S. Environmental
Protection Agency or relevant state regulatory agency accepting the measures
performed at the Land and stating that no further action is required beyond
periodic monitoring of groundwater wells. The receipt of a "no further action"
letter or its equivalent from the U. S. Environmental Protection Agency or
relevant state regulatory agency shall not relieve any party of its obligations
as to third parties under the indemnity portions of this Agreement.
14.1.7 EPC shall not unreasonably reject recommendations by MNGL as
to assessment plans or remediation strategies which are required by applicable
standards, are prudent measures that are generally accepted in the oil
industry, or are necessary to make the affected Land suitable for commercial
uses other than those involving the retail sale of propane.
14.1.8 If there is more than one treatment strategy available to EPC
at Land where it is required to conduct remediation, which strategies can
effectively remediate the contamination to applicable standards, preference
shall be given to the treatment strategy which shall be least disruptive to the
post-Closing business activities of MNGL, which remediates the contamination in
the most expeditious manner and which reduces the potential of the
contamination migrating to other person's property. MNGL may require an
excavation and landfilling remedy to be selected over remedies which take a
longer period of time to implement so long as the excavation and landfilling
remedy is materially faster to implement and so long as the excavation and
landfilling remedy is reimbursable by a governmental authority to the same
extent as other remedies. In those situations where the site is not
reimbursable or where some portion of the excavation and landfilling remedy is
not reimbursable, the excavation and landfilling remedy may still be required
by MNGL over remedies which take a longer period of time to implement so long
as the excavation and landfilling remedy will not
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result in an increase in out-of-pocket cost by EPC of more than ten percent of
the overall cost of the remedy originally chosen.
14.1.9 MNGL may accompany EPC or its contractors when it is
conducting any of the assessments or other work at the Land and EPC shall give
notice of such work at least 48 hours before it is conducted.
14.1.10 EPC shall employ scientific consultants, who meet with the
reasonable approval of MNGL, to conduct the work required by this Article, and
all of the assessments and work shall be conducted in conformance with any
applicable state, local or federal requirements and normal oil industry
practices for this type of work. EPC shall for all remediation activities, to
the extent permissible, pass through to MNGL any contractors' warranties it
receives. At its own expense, MNGL may require split samples to be taken, with
one sample given to MNGL.
14.1.11 EPC shall indemnify and hold MNGL harmless from any claim,
action or suit arising from EPC's or its consultant's conducting of this work.
EPC shall require that any of its consultants conducting work under this
Agreement maintain insurance coverage of at least $1,000,000.00 and in the form
of an insurance policy common to the type of work being conducted by this
consultant for the oil industry and it shall cover any personal injury,
property damage, or environmental liability caused by their activities and
shall name MNGL as an additional insured.
14.1.12 If remediation work will occur after MNGL takes possession of
the Land, this Agreement shall serve to grant reasonable access to EPC and its
contractors, as necessary, at no cost, to accomplish the work required by this
Agreement. No separate access or license agreement shall be needed. EPC shall
provide 72 business hours notice to MNGL of work to be conducted on the Land
after Closing. In their activities, EPC and its contractors shall minimize any
disturbance to MNGL's business, and shall restore the Land to as good a
condition as existed at the commencement of the remediation work.
If at any time after the Closing Date, during the performance of
remedial measures at the Land as set forth in this article, EPC or its
consultants or contractors determines that the level of then existing
hydrocarbons has begun to increase due to reasons that cannot be explained by
the existing technical data for the site, EPC shall so notify MNGL immediately
and MNGL agrees to cease, or cause to be ceased, the operation of equipment
that could be related to the increase in contamination at such location
promptly within receipt of oral or written notice from EPC until testing can be
performed by MNGL. MNGL shall give advance notice of the testing. Such
additional tank and line tightness tests shall be
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performed at the cost of MNGL; provided, however, that in the event the written
reports of such tests indicate that the equipment did not leak, EPC shall be
responsible to pay said testing expenses directly or reimburse MNGL. If, upon
subsequent investigation by EPC and MNGL, the presence of hydrocarbons is
determined to have occurred subsequent to the Closing Date which is not
attributable to a release of Hydrocarbons occurring prior to the Closing and it
is caused by any reason other than the acts or omissions of EPC, EPC and MNGL
shall jointly determine how best to remedy such additional hydrocarbon impact
and MNGL agrees that it shall be responsible for remediation of such additional
Hydrocarbon impact.
MNGL agrees that to the extent such remedial measures undertaken and
performed by EPC would entitle either EPC or MNGL to compensation or financial
assistance from any applicable state or federal underground storage tank trust
fund, then the party who paid for the cost of such measures shall receive such
compensation or financial assistance and the other parties will take all steps
necessary to cooperate in pursuit of such monies.
14.1.13 MNGL has the right (but is not obligated) to conduct work
required by this Agreement and bill EPC if the work needs to be immediately
conducted as a matter of public health or safety and EPC fails to do work under
this Agreement after MNGL provides reasonable notice that it will assume such
work.
14.1.14 MNGL agrees and covenants that it shall take no action or fail
to comply with any applicable state or federal statute or law, and any
regulations, rules and orders promulgated thereunder, presently existing or
promulgated after the Closing Date, which the omission to act or failure to
comply with, would result in EPC or MNGL losing its right to compensation or
financial assistance from any applicable state or federal underground storage
tank trust fund. MNGL further agrees on the Closing Date to execute and deliver
Underground Storage Tank Notifications for filing with the responsible
governmental agency to show that EPC is no longer the "owner and/or operator"
and that MNGL is the new "owner and/or operator", as such terms are defined
under applicable federal, state and local laws, rules and regulations
promulgated thereunder. In the event MNGL's actions, or failure to comply or
act, results in the Land being suspended, deleted, declared ineligible or
removed from any applicable underground storage tank trust fund or
reimbursement program, MNGL agrees to additionally indemnify EPC under Article
XXIII for lost compensation for such remediation costs, expenses, claims and
damages.
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14.1.15 Disclosure Documents. To the extent required by state law, on
or before fifteen (15) days before Closing, EPC shall deliver to MNGL an
environmental disclosure document for each property where one is required by
applicable law or regulation. EPC and MNGL expressly waive any requirement that
such disclosure documents be delivered and received in a period greater than
such fifteen (15) day time limit. The disclosure document shall be prepared in
accordance with applicable law or regulation and shall include a discussion of
any obligation under Applicable Law to register underground storage tanks.
14.2 Assessment and Remediation of the Stations.
14.2.1 Except as provided in Section 20.5(e), MPI and MFI have
provided EMC with copies of the following environmental information which it
has in its custody and which are not privileged: any assessments, studies,
reports, or data which MPI and MFI have submitted to, or prepared for, a
governmental agency regarding the Stations; any notices of violations, order or
inquiries of an environmental nature from any government or third party
directed to MPI and MFI regarding the Stations; and any information with
respect to suspected or confirmed releases of Hazardous Materials at the
Stations. EMC acknowledges that Hydrocarbon contamination exists at each
Station identified in Exhibit 14.2.1.
14.2.2 MPI and MFI have commenced testing of all underground storage
tanks and tank lines at the Stations, to ensure that they test tight and to
ensure their compliance with the underground storage tank system laws of the
States of Florida and Tennessee, as applicable, using appropriately experienced
contractors. MPI and MFI shall provide EMC with copies of all test results, as
certified by such contractors as soon as practicable but in no event any later
than thirty (30) days before Closing. All corrective work that may be required
so that the underground storage tanks and lines test tight and otherwise comply
with all applicable requirements shall be completed by the Closing Date.
If tank and/or line tightness tests reveal that tanks and/or lines are
leaking and are, at MPI's or MFI's reasonable determination, repairable in
accordance with good oil industry practices, MPI or MFI shall repair such tanks
and lines at its own cost prior to the Closing Date; provided, however, that
MPI or MFI shall advise EMC of the costs MPI or MFI will incur in repairing
said tanks and/or lines, and if EMC desires to replace rather than repair such
lines and/or tanks, EMC shall so advise MPI or MFI and the tanks and lines
shall be replaced at EMC's sole cost and expense and MPI or MFI shall pay to
EMC the amount MPI or MFI would have incurred to repair. If, in the reasonable
determination of MPI's or MFI's independent UST engineering consultant, tanks
and/or lines are not repairable and require replacement, then MPI
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or MFI shall replace such tanks at its sole cost; provided, however, that in
the event the aggregate cost estimate of such replacement for a Station exceeds
One Hundred Thousand Dollars ($100,000), then MPI or MFI may withdraw such
Station from the transactions contemplated by this Agreement and the cash
payment for the Purchase Price shall be adjusted by the allocated value of the
withdrawn Station. Upon notice of withdrawal, EMC may, within fifteen (15) days
of such notice of withdrawal, advise MPI or MFI that it elects to pay MPI or
MFI those replacement costs in excess of One Hundred Thousand Dollars
($100,000); and in such event this Agreement shall remain in full force and
effect as to the Stations and the replacement shall be undertaken. In the event
EMC desires additional replacement of lines and/or tanks beyond the replacement
required under this Section, then EMC shall have the option to replace such
lines and/or tanks at EMC's sole cost and expense.
14.2.3 MPI and MFI have commenced Phase I and Phase II environmental
site assessments at all the Stations. All Phase I assessments shall be
completed and provided to EMC at least thirty (30) days before the scheduled
Closing Date and all Phase II assessments shall be completed at least five (5)
days before the scheduled Closing Date. A Phase I assessment shall include the
procedures set forth in Exhibit 14.1.2 and a review of documents within MPI's
or MFI's custody which could identify any environmental contamination,
suspected or confirmed release of Petroleum or other Hazardous Materials, or
environmental non- compliance problem at the facility and a walk through at the
locations by a qualified environmental engineer or scientist to identify any
material environmental contamination or environmental non-compliance problems.
Phase II shall include the procedures set forth in Exhibit 14.1.2 and shall
include soil and groundwater monitoring sampling and laboratory analysis to
adequately define the lateral and vertical extent of any Petroleum or other
Hazardous Materials at the Stations or migrating from the Stations. Upon
receipt of such assessments, EMC may exclude any Station(s) for which suspected
or confirmed contamination appears to be present in a significant amount or
where in the reasonable judgment of EMC, there is significant third party
exposure to liability because of such contamination; in that case, and if prior
to the Closing, the cash allocated price shown on Exhibit 1.27 for such Station
shall be paid by MNGL at Closing. If receipt of the Phase II assessment occurs
after Closing, EMC shall reconvey the Station to MPI or MFI by quitclaim deed
and receive from MNGL the cash allocated price shown on Exhibit 1.27 for such
Station.
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14.2.4 MPI or MFI, as appropriate, may seek to have or continue to
have the State of Florida and/or prior owners/operators of the Stations be
responsible to remediate or pay for the remediation of certain of the Stations,
as the laws or regulations of those states provide. MPI and MFI, however,
maintain ultimate responsibility to EMC for the work to be conducted under this
Agreement, including the costs of the work. MPI and MFI agree that all of the
work under this Agreement shall be conducted in a reasonably prompt and
professional manner and should the States of Florida or Tennessee, as
appropriate, fail to conduct the work in such manner, MPI and MFI shall take
over said work and conduct it in said manner.
14.2.5 MPI and MFI have reported or shall report all suspected or
confirmed releases of Petroleum or other Hazardous Materials in conformity with
Applicable Law, and are complying with the Applicable Laws for these properties
and for all properties for which a suspected or confirmed release has already
been reported in conducting the following work and any other work required by
Applicable Law, including work at any off-site properties to where
contamination has migrated; assessing and reporting the contamination,
developing a corrective, or remedial, action plan for the contamination,
obtaining approval of the plan from the appropriate governmental authorities,
implementing the approved plan, and obtaining a "no further action" letter or
equivalent from such governmental authorities or if applicable law, regulation
or practice does not practically make such letter available, remediating the
contamination to standards contained in Applicable Law and so as to satisfy any
requirements for the lease of the Station(s).
14.2.6 Subsequent to Closing and during site remediation being
conducted by MPI or MFI, EMC shall report all suspected or confirmed releases
of Hazardous Materials on the Stations to MPI or MFI within 48 hours and
provide MPI or MFI with all documentation in regard to that location and
incident, including all sampling results taken at that location and all
environmental documents and reports prepared for that location along with any
reports or documents submitted to any governmental agency.
14.2.7 Prior to the commencement of any remedial or corrective action
plan or assessments to create such plans, the work plans shall be sent by
overnight mail to EMC at least fourteen (14) days before they are due with the
governmental agency to allow EMC the opportunity to comment to MPI or MFI
before such work plans are finalized. In the event a remedial or corrective
action plan has been prepared and approved by the relevant governmental agency
prior to Closing, MFI or MPI shall forward such plans to EMC within thirty (30)
days after Closing. Thereafter, MFI or MPI shall
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provide EMC with all reports prepared pursuant to the work plans. No remedial
measures in excess of those required by the U.S. Environmental Protection
Agency or relevant state regulatory agency shall be required to be performed by
MFI or MPI hereunder.
14.2.8 Before work is concluded at any particular site, MPI or MFI
shall submit a "no further action" letter or equivalent or other documentation
to EMC demonstrating that all environmental laws, regulations or other
applicable requirements have been satisfied at that particular Station. If EMC
disputes that such standards have been satisfied, EMC shall notify MPI and MFI
of such dispute and the parties shall discuss this issue in good faith and seek
to resolve it. No remedial measures in excess of those required by the U. S.
Environmental Protection Agency or relevant state regulatory agency shall be
required to be performed by MPI or MFI hereunder, and all remedial measures for
the Stations may be deemed completed for purposes of this Agreement upon the
receipt of a "no-further-action" letter or its equivalent from the U. S.
Environmental Protection Agency or relevant state regulatory agency accepting
the measures performed at the Stations and stating that no further action is
required beyond periodic monitoring of groundwater wells. The receipt of a
"no-further-action" letter or its equivalent from the U. S. Environmental
Protection Agency or relevant state regulatory agency shall not relieve any
party of its obligations as to third parties under the indemnity portions of
this Agreement.
14.2.9 MPI and MFI shall not unreasonably reject recommendations by
EMC as to assessment plans or remediation strategies which are required by
applicable standards, are prudent measures that are generally accepted in the
oil industry, or are necessary to make the affected Station suitable for
commercial uses other than those involving gasoline stations, or will make the
Station(s) comply with particular leasehold requirements.
14.2.10 If there is more than one treatment strategy which can
effectively remediate the contamination to applicable standards at Stations
where MPI or MFI are required to conduct remediation, preference shall be given
to the treatment strategy which shall be least disruptive to the post-Closing
business activities of EMC, which remediates the contamination in the most
expeditious manner and which reduces the potential of the contamination
migrating to other person's property. EMC may require an excavation and
landfilling remedy selected over remedies which take a longer period of time to
implement so long as the excavation and landfilling remedy is materially faster
to implement and so long as the excavation and landfilling
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remedy is reimbursable by a governmental authority to the same extent as other
remedies. In those situations where the site is not reimbursable or where some
portion of the excavation and landfilling remedy is not reimbursable, the
excavation and landfilling remedy may still be required by EMC over remedies
which take a longer period of time to implement so long as the excavation and
landfilling remedy will not result in an increase in out-of-pocket cost by MPI
or MFI of more than ten percent of the overall cost of the remedy originally
chosen.
14.2.11 EMC may accompany MPI and MFI or their contractors when any of
them are conducting any of the assessments required or any of the work or
testing required by this Agreement and MPI or MFI shall give notice of any such
activity at least 48 hours before it is conducted.
14.2.12 MPI and MFI shall employ scientific consultants, who meet with
the reasonable approval of EMC, to conduct the work required by this section,
and all of the assessments and work shall be conducted in conformance with any
applicable state, local or federal requirements. MPI and MFI shall for all
remediation activities, to the extent permissible, pass through to EMC any
contractors' warranties they receive. At its own cost, EMC may require split
samples to be taken, with one sample given to EMC.
14.2.13 MPI and MFI shall indemnify and hold EMC harmless from any
claim, action or suit arising from MPI's or MFI's conducting of this work. MPI
or MFI shall require that any of its consultants conducting work under this
Agreement maintain insurance coverage of at least $1,000,000.00 and in the form
of an insurance policy common to the type of work being conducted by this
consultant for the oil industry and it shall cover any personal injury,
property damage, or environmental liability caused by their activities and
shall name EMC as an additional insured.
14.2.15 If remediation work will occur after EMC takes possession of
the Stations, this Agreement shall serve to grant reasonable access to MPI, MFI
and their contractors, and/or the State of Florida or third parties responsible
for remediation, as necessary, at no cost, to accomplish the work required by
this Agreement. No separate access or license agreement shall be needed. MPI or
MFI shall provide 72 business hours notice to EMC of work to be conducted at
the Stations after Closing. In their activities, MPI and MFI and their
contractors shall minimize any disturbance to EMC's business, and shall restore
the surface of the Station(s) to as good a condition as existed at the
commencement of the remediation work.
If at any time after the Closing Date, during the performance of
remedial measures at the Stations as set forth in this article, MPI or MFI or
their consultants or contractors determine that the level of then existing
hydrocarbons has begun to increase due to reasons that cannot be explained by
the existing technical data for the site, MPI or MFI shall
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so notify EMC immediately and EMC agrees to cease, or cause to be ceased, the
operation of equipment that could be related to the increase in contamination
at such location promptly within receipt of oral or written notice from MPI or
MFI until testing can be performed by EMC. EMC shall give advance notice of the
testing. Such additional tank and line tightness tests shall be performed at
the cost of EMC; provided, however, that in the event the written reports of
such tests indicate that the equipment did not leak, MPI or MFI shall be
responsible to pay said testing expenses directly or reimburse EMC. If, upon
subsequent investigation by MPI or MFI and EMC, the presence of hydrocarbons is
determined to have occurred subsequent to the Closing Date which is not
attributable to a release of Hydrocarbons occurring prior to the Closing and it
is caused by any reason other than the acts or omissions of MPI or MFI, EMC and
MPI or MFI shall jointly determine how best to remedy such additional
hydrocarbon impact and EMC agrees that it shall be responsible for remediation
of such additional Hydrocarbon impact.
EMC agrees that to the extent such remedial measures undertaken and
performed by MPI or MFI would entitle either MPI or MFI or EMC to compensation
or financial assistance from any applicable state or federal underground
storage tank trust fund, then the party who paid for the cost of such measures
shall receive such compensation or financial assistance and the other parties
will take all steps necessary to cooperate in pursuit of such monies.
14.2.16 EMC has the right (but is not obligated) to conduct work
required by this Agreement and bill MFI and MPI if the work needs to be
immediately conducted as a matter of public health or safety and both MFI and
MPI fail to do work under this Agreement after EMC provides reasonable notice
to them that it will assume such work.
14.2.17 EMC agrees and covenants that it shall take no action or fail
to comply with any applicable state or federal statute or law, and any
regulations, rules and orders promulgated thereunder, presently existing or
promulgated after the Closing Date, which the omission to act or failure to
comply with, would result in MPI or MFI or EMC losing its right to compensation
or financial assistance from any applicable state or federal underground
storage tank trust fund. EMC further agrees on the Closing Date to execute and
deliver Underground Storage Tank Notifications for filing with the Department
or other responsible governmental agency to show that MPI or MFI is no longer
the "owner and/or operator" and that EMC is the new "owner and/or operator", as
such terms are defined under applicable federal, state and local laws, rules
and regulations promulgated thereunder. In the event EMC's actions, or failure
to comply or act, results in the Stations being suspended, deleted, declared
ineligible or removed from any applicable underground storage tank trust
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fund or reimbursement program, EMC agrees to additionally indemnify MPI or MFI
under Article XIII for lost compensation for such remediation costs, expenses,
claims and damages.
14.2.18 Disclosure Documents. To the extent required by state law, on
or before fifteen (15) days before Closing MFI or MPI shall deliver to EMC an
environmental disclosure document for each property where one is required by
applicable law or regulation. EMC, MPI and MFI expressly waive any requirement
that such disclosure documents be delivered and received in a period greater
than such fifteen (15) day time limit. The disclosure document shall be
prepared in accordance with applicable law or regulation and shall include a
discussion of any obligation under Applicable Law to register underground
storage tanks.
ARTICLE XV: MUTUAL CONDITIONS PRECEDENT
The obligations of the parties to consummate the transactions
contemplated by this Agreement are subject to the satisfaction or waiver by the
appropriate party of the following conditions:
15.1 Government Approvals. Those governmental approvals listed on
Exhibit 15.1 and necessary to the consummation of the transactions contemplated
by this Agreement shall have become final. The applicable waiting period
required by the HSR Act shall have terminated following the applicable filings
therefor.
ARTICLE XVI: CONDITIONS PRECEDENT TO EPC'S OBLIGATIONS
The obligation of EPC to consummate the transactions contemplated by
this Agreement is subject to the following conditions precedent:
16.1 Performance. MNGL shall have complied with each of its
obligations and covenants contained herein.
16.2 Representations and Warranties. The representations and
warranties made by MNGL in this Agreement shall be true and correct in all
material respects at the Closing Date.
16.3 Certificate. EPC shall have received a certificate of a duly
authorized officer of MNGL, in the form of Exhibit 16.3, certifying that the
conditions set forth in Section Section 16.1 and 16.2 have been satisfied.
16.4 Opinion. EPC shall have received an opinion from Royse M.
Parr, General Counsel for MNGL, substantially in the form set forth as Exhibit
16.4.
16.5 Form and Substance of Documents. The form and substance of all
certificates, instruments, opinions and other documents delivered to EPC by
MNGL under this Agreement shall be satisfactory in all reasonable respects to
EPC
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and its legal counsel. MNGL shall provide EPC with such documents in addition
to those specifically set forth in this Agreement as may be reasonably
requested by EPC.
16.6 Other Conditions. All of the conditions precedent to EMC's
obligation to close shall be satisfied as set forth in Article XVII. MNGL shall
have delivered executed copies of the Additional Agreements.
ARTICLE XVII: CONDITIONS PRECEDENT TO EMC'S OBLIGATIONS
The obligations of EMC to consummate the transactions contemplated by
this Agreement are subject to the following conditions precedent:
17.1 Performance. MPI and MFI each shall have complied with each of
its obligations and covenants contained herein.
17.2 Representation and Warranties. The representations and
warranties made by MPI and MFI in this Agreement shall be true and correct in
all material respects on the Closing Date as though such representations and
warranties were made on such date.
17.3 Certificate. EMC shall have received a certificate of a duly
authorized officers of MPI and MFI, in the form of Exhibit 17.3, certifying
that the conditions set forth in Section Section 17.1 and 17.2 have been
satisfied.
17.4 Opinion. EMC shall have received an opinion from Linn
Patterson, General Counsel for MPI and MFI, in the form set forth as Exhibit
17.4.
17.5 Form and Substance of Documents. The form and substance of all
certificates, instruments, opinions and other documents delivered to EMC by MPI
and MFI under this Agreement shall be satisfactory in all reasonable respects
to EMC and EMC's counsel. MPI and MFI shall provide EMC with such documents in
addition to those specifically set forth in this Agreement as may be reasonably
requested by EMC.
ARTICLE XVIII: CONDITIONS PRECEDENT TO MNGL'S OBLIGATIONS
The obligations of MNGL to consummate the transactions contemplated by
this Agreement are subject to the following conditions precedent:
18.1 Performance. EPC shall have complied with each of its
obligations and covenants contained herein.
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18.2 Representation and Warranties. The representations and
warranties made by EPC in this Agreement shall be true and correct in all
material respects on the Closing Date as though such representations and
warranties were made on such date.
18.3 Certificate. MNGL shall have received a certificate of a duly
authorized officer of EPC, in the form of Exhibit 18.3, certifying that the
conditions set forth in Section Section 18.1 and 18.2 have been satisfied.
18.4 Opinion. MNGL shall have received an opinion from Jeffrey L.
Benson, counsel for EPC, in the form set forth as Exhibit 18.4.
18.5 Form and Substance of Documents. The form and substance of all
certificates, instruments, opinions and other documents delivered to MNGL by
EPC under this Agreement shall be satisfactory in all reasonable respects to
MNGL and MNGL's counsel. EPC shall provide MNGL with such documents in addition
to those specifically set forth in this Agreement as may be reasonably
requested by MNGL.
18.6 No Casualty Loss and Damage. No adverse change in the Business
resulting from any one or more casualty losses or damages to any of the
physical assets used in the Business in the aggregate amount exceeding
Twenty-five Thousand Dollars ($25.000.00) shall have occurred prior to the
Closing Date unless EPC shall have properly accounted to MNGL for such casualty
in accordance with Section 11.4.
18.7 Other Conditions. All of the conditions precedent to MPI's and
MFI's obligations to close shall be satisfied as set forth in Article XIX. EPC
shall have delivered executed copies of the Additional Agreements. EPC shall
have delivered agreements executed by its key employees, who do not become
employees of MNGL, in which they will agree to be bound by the restrictions set
forth in Section 21.4.
ARTICLE XIX: CONDITIONS PRECEDENT TO MPI'S AND MFI'S OBLIGATIONS
The obligation of MPI and MFI to consummate the transactions
contemplated by this Agreement is subject to the following conditions
precedent:
19.1 Performance. EMC shall have complied with each of its
obligations and covenants contained herein.
19.2 Representations and Warranties. The representations and
warranties made by EMC in this Agreement shall be true and correct in all
material respects at the Closing Date.
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19.3 Certificate. MPI and MFI shall have received a certificate of
a duly authorized officer of EMC, in the form of Exhibit 19.3, certifying that
the conditions set forth in Section Section 19.1 and 19.2 have been satisfied.
19.4 Opinion. MPI and MFI shall have received an opinion from
Jeffrey L. Benson, counsel for EMC, substantially in the form set forth as
Exhibit 18.4.
19.5 Form and Substance of Documents. The form and substance of all
certificates, instruments, opinions and other documents delivered to MPI and
MFI by EMC under this Agreement shall be satisfactory in all reasonable
respects to MPI and MFI and its legal counsel. EMC shall provide MPI and MFI
with such documents in addition to those specifically set forth in this
Agreement as may be reasonably requested by MPI and MFI.
ARTICLE XX: CLOSING AND DELIVERIES
20.1 Time. The Closing shall take place at 10:00 a.m. prevailing
local time at the place of Closing on the Closing Date, or at such other time
as the MNGL and EPC agree in writing.
20.2 Deliveries by EPC. At Closing, EPC shall deliver to MNGL
possession of the Assets and the certificates and other documents required to
be delivered by EPC hereunder including the following documents:
(a) limited warranty deeds or their equivalents subject to the
Permitted Encumbrances, properly executed and acknowledged and in the form
attached as Exhibit 20.2(a) conveying the Land owned by EPC, suitable for
recording in the appropriate counties, together with the policies of title
insurance (or binders therefor) described in Section 11.1;
(b) an assignment of leases, together with the written consent of
the Lessors where such consent is a condition of such assignments, subject to
the Permitted Exceptions, and memoranda reflecting these assignments properly
executed and acknowledged and in the form attached as Exhibit 20.2(b) conveying
the interests of EPC in the Land leased by EPC, suitable for recording in the
appropriate counties;
(c) a bill of sale for the personal property portion of the
Assets, including without limitation the Equipment and the Inventory, properly
executed and acknowledged and in the form attached as Exhibit 20.2(c);
(d) an assignment of the Accounts Receivable, the Contracts and
all intangible property comprising the Assets not transferred pursuant to
Section 20.2(a), (b), (c) or (e) in the form attached as Exhibit 20.2(d)
together with all necessary consents thereto;
(e) an Assignment and License of the Trademarks in the form
attached as Exhibit 20.2(e); and
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(f) a non-recourse Assignment of the Vehicle leases including an
acceptance thereof form the Lessors to be provided by MNGL.
(g) all documents which relate to the Land and would otherwise
have been provided pursuant to Section 14.1.1 but which were previously
withheld on the basis of a claim that they were privileged documents (on the
condition that such delivery will not invalidate the privilege).
20.3 Deliveries by EMC. At Closing, EMC shall deliver and pay to
MPI the Station Inventory Price as estimated pursuant to Section 3.3 to such
account of MPI at such bank as MPI shall designate, by direct bank or wire
transfer of immediately available funds (federal). At Closing, EMC also shall
deliver to MPI and MFI the certificates and other documents required to be
delivered by EMC hereunder.
20.4 Deliveries by MNGL. At Closing, MNGL shall deliver and pay to
EPC the Net Purchase Price as estimated pursuant to Section 3.3 to such account
of EPC at such bank as EPC shall designate, by direct bank or wire transfer of
immediately available funds (federal). At Closing, MNGL also shall deliver to
EPC the certificates and other documents required to be delivered by MNGL
hereunder.
20.5 Deliveries by MPI and MFI. At Closing, MPI and MFI shall
deliver to EMC possession of the Motor Fuel Assets and the certificates and
other documents required to be delivered by MPI and MFI hereunder including the
following documents:
(a) limited warranty deed or its equivalent subject to the
Permitted Encumbrances, properly executed and acknowledged and in the form
attached as Exhibit 20.5(a) conveying the Station owned by MFI, suitable for
recording in the appropriate counties, together with the policy of title
insurance (or binder therefor) described in Section 12.1;
(b) an assignment of leases, together with the written consent of
the Lessors where such consent is a condition of such assignments, for the
Stations subject to the Permitted Exceptions, properly executed and
acknowledged and in the form attached as Exhibit 20.5(b) conveying the
interests of MPI and MFI in the Stations leased by MPI and MFI, and memoranda
reflecting these assignments suitable for recording in the appropriate counties
together with the policy of title insurance (or binder therefor) described in
Section 12.1;
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(c) a bill of sale for the personal property portion of the Motor
Fuel Assets, including without limitation the Station Equipment and the Station
Inventory, properly executed and acknowledged and in the form attached as
Exhibit 20.5(c); and
(d) an assignment of the contracts and all intangible property
comprising the Motor Fuel Assets not transferred pursuant to Section 20.5(a),
(b), or (c) in the form attached as Exhibit 20.5(d) together with all necessary
consents thereto.
(e) all documents which relate to the Stations and would otherwise
have been provided pursuant to Section 14.2.1 but which were previously
withheld on the basis of a claim that they were privileged documents (on the
condition that such delivery will not invalidate the privilege).
ARTICLE XXI: OBLIGATIONS AFTER CLOSING
21.1 Survival of Warranties and Representations. The
representations and warranties of parties contained herein shall survive for
the period ending twenty-four (24) months after the Closing Date and shall
terminate for all purposes after the end of such 24-month period. The period
for making claims shall not be extended by making any kind of general claim
related to the warranties and representations.
21.2 Taxes on the Business. EPC and MNGL mutually agree that for
any taxable period ending on or before the Effective Time, EPC shall be
responsible for all property, excise, business, income and any other taxes and
assessments based upon or measured by the ownership of the Assets or the
receipt of proceeds therefrom. EPC and MNGL also mutually agree that for any
taxable period that includes any period after the Effective Time, MNGL shall be
responsible for all property, excise, business, income and any other taxes and
assessments based upon or measured by the ownership of the Assets or the
receipt of proceeds therefrom.
21.3 Taxes on the Motor Fuel Assets. EMC and MPI and MFI mutually
agree that for any taxable period ending on or before the Closing Date, MPI or
MFI shall be responsible for all property, excise, business, income and any
other taxes and assessments based upon or measured by the ownership of the
Motor Fuel Assets or the receipt of proceeds therefrom. For any taxable period
that includes any period after the Effective Time, EMC shall be responsible for
all property, excise, business, income and any other taxes and assessments
based upon or measured by the ownership of the Motor Fuel Assets or the receipt
of proceeds therefrom.
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21.4 Non-Competition. If Closing occurs, except for the retail sale
of propane cylinders at motor fuel stations, the retail sale of propane for
transportation at motor fuel stations where the majority of motor fuel sold is
not propane, and the wholesale sale of propane, consistent with past practices,
EPC and EMC agree for themselves and for their subsidiary corporations that
they will not engage in, finance, promote, encourage or assist in any manner
whatsoever in any enterprise which shall be engaged in the retail,
agricultural, commercial and industrial sale of propane, other retail sale of
appliances or propane utilization equipment, or both, for a period of ten (10)
years following the Closing. Such restrictions shall apply to a geographic area
comprised of a radius of 50 miles from each of the branch and satellite
locations described on Exhibit 1.21.
21.5 Post Closing Services. Upon request from MNGL (given to EPC a
reasonable time before the Closing) EPC or EMC, as appropriate, will provide
accounting and other services, at MNGL's expense, through EPC or "leased
employees." Such services will be available for a period not to exceed December
31, 1994 and shall be provided under the terms and conditions set forth in
Exhibit 21.5.
21.6 Non-Compete Payments. EPC will assign to MNGL any benefits it
receives under the terms of the non-competition agreements listed on Exhibit
1.7 and MNGL will assume the obligation to make such payments as are due
thereunder. To the extent that such agreements are not assignable, EPC agrees
to continue to make such payments and MNGL agrees to reimburse EPC for any cost
thereunder.
ARTICLE XXII: TERMINATION
22.1 Termination. This Agreement may be terminated on or before the
Closing Date as follows:
(a) by EPC or MNGL, if any material condition set forth in Section
15.1 shall not be satisfied at the Closing Date, or if any governmental
antitrust action or claim is filed or initiated to prohibit: (i) the
consummation of the transaction contemplated hereby or (ii) substantially
change the terms of this Agreement, or (iii) if any court of competent
jurisdiction or properly empowered governmental body shall have issued an
order, decree, or ruling or taken any other action restraining, enjoining or
otherwise prohibiting the transaction contemplated hereby;
(b) by EPC, if any material condition set forth in Article XVI
shall not be satisfied by the Closing Date; provided that EPC shall give MNGL
notice of its decision to terminate under this Section 22.1(b) as to which MNGL
shall have
57
<PAGE> 66
thirty (30) business days to correct or cure any situation (which shall be
stated in such notice) giving rise to the failure to satisfy;
(c) by MNGL, if any material condition set forth in Article XVIII
shall not be satisfied by the Closing Date; provided that MNGL shall give EPC
notice of its decision to terminate under this Section 22.1(c) as to which EPC
shall have a period of thirty (30) business days to correct or cure any
situation (which shall be stated in such notice) giving rise to the failure to
satisfy, and;
(d) by the mutual written agreement of MNGL and EPC.
22.2 Effect of Termination. If this Agreement is terminated for any
reason pursuant to Section 22.1, nothing contained herein shall be construed to
limit any party's legal or equitable remedies including, without limitation,
damages for the breach or failure of any representation, warranty, covenant or
agreement contained herein and the right to enforce specific performance of
this Agreement; provided, that in no event shall either party be liable to the
other in connection with this Agreement for any indirect, consequential or
special damages.
ARTICLE XXIII: INDEMNIFICATION
23.1 Indemnifications-The Business.
23.1.1 Non-Environmental Matters. Except as otherwise expressly
provided in this Agreement, MNGL will not assume any liabilities or obligations
of EPC, the Assets, including without limitation the Inventory, the Accounts
Receivable, the Business or its operation prior to the Closing. Except as
expressly provided in the environmental provisions, EPC will agree to protect,
defend, indemnify and save MNGL harmless from any third party claims,
liabilities, judgments, costs or expenses, including reasonable attorneys'
fees, caused by or arising from any and all acts or omissions of EPC before the
Closing, in connection with the Assets, including without limitation, the
Inventory, the Accounts Receivable, the Business or any breach by EPC of the
warranty or other terms of this Agreement. Further provided, except as
expressly provided in the environmental provisions, MNGL will agree to protect,
defend, indemnify and save EPC harmless from any third party claims,
liabilities, judgments, costs or expenses, including reasonable attorneys'
fees, caused by or arising from any and all acts or omissions of MNGL after the
Closing, in connection with the Assets, including without limitation, the
Inventory, the Accounts Receivable, and the Business or any breach by MNGL of
the warranty or other terms of this Agreement.
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<PAGE> 67
23.1.2 Environmental Matters-The Business.
(a) MNGL shall indemnify and hold harmless EPC, its parents and
affiliated companies from and against the following as to the Land:
(i) costs, expenses and damages which are the result of a
release(s) of Hazardous Material, which release(s) occur after the Closing,
which are not caused by EPC or its agents in their remediation efforts. If MNGL
is obligated to indemnify, defend, protect and hold harmless EPC pursuant to
the foregoing, such obligation shall include, without limitation, performing
the work required and bearing the costs incurred in connection with any
investigation of site conditions or any cleanup, remedial, removal, or
restorative work to the extent necessary to attain cleanup levels acceptable to
the governmental authority with jurisdiction. Such obligation shall also
include, without limitation, costs incurred in connection with any
investigation of site conditions or any cleanup, remedial, removal, or
restorative work required by any federal, state or local governmental law,
agency or political subdivision, sums paid in settlement of claims, penalties,
attorneys' fees, court costs, consultants' and laboratories' fees, and experts'
fees. To the extent that MNGL's release of Hazardous Materials adds to an
existing release by the EPC, MNGL shall be responsible only in the proportion
to which MNGL has worsened the existing contamination.
(ii) MNGL's indemnification liability as provided for
herein shall include all reasonable costs and expenses (including reasonable
attorneys' fees) incurred in connection with or incident to any matters
indemnified against in this section.
(b) EPC shall indemnify and hold harmless MNGL, its parents and
affiliated companies from and against the following:
(i) cost, expenses and damages which arise as a result of
any non-compliance with Class V injection well laws and regulations that are
found on the Land, any which arise as a result of any EPC-owned underground
storage tanks (gasoline or distillate) located or found on the Land or at
customer locations, any environmental contamination or Hazardous Materials
present or occurring in, on or under the Land or migrating onto or off of the
Land or resulting from the degradation of such contamination or Hazardous
Materials so long as the environmental contamination or Hazardous Materials of
concern originated on the Land, or migrated onto or off of the Land as of the
Effective Time, even if there is subsequent migration or degradation of it
after the Effective Time (in which case such subsequent migration is covered
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<PAGE> 68
by this paragraph). If EPC is obligated to indemnify, defend, protect and hold
harmless MNGL pursuant to the foregoing, such obligation shall include, without
limitation, performing the work required and bearing the costs incurred in
connection with any investigation of site conditions or any cleanup, remedial,
removal, or restorative work to the extent necessary to attain cleanup levels
which meet with the approval of the government agency(ies) with jurisdiction.
Additionally, such obligation shall include, without limitation, costs incurred
in connection with any investigation of site conditions or any cleanup,
remedial, removal, or restorative work required by any federal, state or local
governmental law, agency or political subdivision, sums paid in settlement of
claims, penalties, attorneys' fees, court costs, consultants' and laboratories'
fees, and experts' fees. It shall also include any costs incurred as the result
of any violations by EPC, resulting from acts or omissions of EPC or its
agents, employees, contractors, invitees, licensees, successors or assigns, of
any Applicable Law, rule, regulation, government order or requirement imposed
on any of the properties by any governmental agency, including operating
permits and their conditions.
(ii) EPC's indemnification liability shall include all
reasonable costs and expenses (including reasonable attorneys' fees) incurred
in connection with or incident to any matters indemnified against in this
section.
(iii) In the event that a breach of a representation or
warranty contained in Section 4.17 is discovered within the time period set
forth in Section 21.1, the remedy therefor shall be to require that EPC
undertake, and complete within a reasonable time, to bring such non-complying
portion of the Assets in to compliance with the appropriate law or regulation
as such exist as of the Closing Date. Such remedy shall not otherwise modify
any obligations under Articles XIV or XXIII.
23.2 Indemnifications-The Motor Fuel Assets.
23.2.1 Non-Environmental Matters. Except as otherwise expressly
provided in the Agreement, EMC will not assume any liabilities or obligations
of MPI and MFI, the Stations, including Inventory and the operation of the
Stations prior to the Closing. Except as expressly provided in the
environmental provisions, MPI or MFI will agree to protect, defend, indemnify
and save EMC harmless from any third party claims, liabilities, judgments,
costs or expenses, including reasonable attorneys' fees, caused by or arising
from any and all acts or omissions of MPI or MFI before the Closing, in
connection with the Stations and the operation thereof or the Station
Inventory, including without limitation, any breach by MPI or MFI of the
warranty or other terms of this Agreement. Further provided, except as
expressly provided in the environmental provisions, EMC will agree to protect,
defend, indemnify and save MPI or MFI harmless from any third party
60
<PAGE> 69
claims, liabilities, judgments, costs or expenses, including reasonable
attorneys' fees, caused by or arising directly from any and all acts or
omissions of EMC after the Closing, in connection with the Stations, the
operation thereof or the Station Inventory, including without limitation, any
breach by EMC of the warranty or other terms of this Agreement.
23.2.2 Environmental Matters-The Motor Fuel Assets.
(a) EMC shall indemnify and hold harmless MPI and MFI, its parents
and affiliated companies from and against the following as to the Stations:
(i) costs, expenses and damages which are the result of a
release(s) of Hazardous Material, which release(s) occur after the Closing,
which are not caused by MPI or MFI or their agents in their remediation
efforts. If EMC is obligated to indemnify, defend, protect and hold harmless
MPI or MFI pursuant to the foregoing, such obligation shall include, without
limitation, performing the work required and bearing the costs incurred in
connection with any investigation of site conditions or any cleanup, remedial,
removal, or restorative work to the extent necessary to attain cleanup levels
acceptable to the governmental authority with jurisdiction. Such obligation
shall also include, without limitation, costs incurred in connection with any
investigation of site conditions or any cleanup, remedial, removal, or
restorative work required by any federal, state or local governmental law,
agency or political subdivision, sums paid in settlement of claims, penalties,
attorneys' fees, court costs, consultants' and laboratories' fees, and experts'
fees. To the extent that EMC's release of Hazardous Materials adds to an
existing release by MPI or MFI, EMC shall be responsible only in the proportion
to which EMC has worsened the existing contamination.
(ii) EMC's indemnification liability as provided for
herein shall include all reasonable costs and expenses (including reasonable
attorneys' fees) incurred in connection with or incident to any matters
indemnified against in this section.
(b) MPI and MFI shall indemnify and hold harmless EMC, its parents
and affiliated companies from and against the following:
(i) cost, expenses and damages which arise as a result of
any non-compliance with Class V injection well laws or regulations that are
found at the Stations, any environmental contamination or Hazardous Materials
present or occurring in, on or under the Stations or migrating onto or off of
the Stations or resulting from the degradation of such contamination or
Hazardous Materials so long as the environmental contamination or Hazardous
Materials of concern
61
<PAGE> 70
originated on the Stations, or migrated onto or off of the Stations as of the
Effective Time, even if there is subsequent migration or degradation of it
after the Effective Time (in which case such subsequent migration is covered by
this paragraph). If MPI or MFI is obligated to indemnify, defend, protect and
hold harmless EMC pursuant to the foregoing, such obligation shall include,
without limitation, performing the work required and bearing the costs incurred
in connection with any investigation of site conditions or any cleanup,
remedial, removal, or restorative work to the extent necessary to attain
cleanup levels which meet with the approval of the government agency(ies) with
jurisdiction. Additionally, such obligation shall include, without limitation,
costs incurred in connection with any investigation of site conditions or any
cleanup, remedial, removal, or restorative work required by any federal, state
or local governmental law, agency or political subdivision, sums paid in
settlement of claims, penalties, attorneys' fees, court costs, consultants' and
laboratories' fees, and experts' fees. It shall also include any costs incurred
as the result of any violations by MPI or MFI, resulting from acts or omissions
of MPI or MFI or their agents, employees, contractors, invitees, licensees,
successors or assigns, of any Applicable Law, rule, regulation, government
order or requirement imposed on any of the properties by any governmental
agency, including operating permits and their conditions.
(ii) MPI's and MFI's indemnification liability shall
include all reasonable costs and expenses (including reasonable attorneys'
fees) incurred in connection with or incident to any matters indemnified
against in this section.
(iii) In the event that a breach of a representation or
warranty contained in Section 7.17 is discovered within the time period set
forth in Section 21.1, the remedy therefor shall be to require that MPI or MFI
undertake, and complete within a reasonable time, to bring such non-complying
portion of the Motor Fuel Assets in to compliance with the appropriate law or
regulation as such exist as of the Closing Date. Such remedy shall not
otherwise modify any obligations under Articles XIV or XXIII.
23.3 Notice and Right to Defend. The party against whom any claim
is asserted or any suit, action or proceeding is commenced with respect to
which indemnity may be sought hereunder or which the party is otherwise
obligated to defend, shall give prompt and timely notice to the other party of
such assertion or commencement within sixty (60) days from when the manager
responsible for the operation of the facility receives oral or written notice
of the claim or action. The party obligated to assume the defense thereof shall
promptly assume the defense or settlement of any such claim, suit, action or
proceeding; provided, however, that: (i) the defending party shall cooperate
and communicate
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<PAGE> 71
with the other party as to significant developments in the matters being
defended or handled and shall seek the advice and opinions of such other party
and give due regard to such advice and opinions as to aspects of the matters
being handled or defended which relate to settlements thereof or are reasonably
expected to require the expenditure of substantial sums of money, (ii) the
non-defending party shall at all times have the right, at its option and
expense, to participate fully in any such claim, suit, action or proceeding,
(iii) the defending party shall not settle any claim involving equitable relief
that may effect the non-defending party without the consent of the
non-defending party, and (iv) if the party obligated to defend or handle notice
does not proceed to diligently defend or handle the claim or litigation within
thirty (30) days after receipt of notice of the claim, the other party shall
have the right, but not the obligation to undertake the defense of any such
claim for the account of and at the risk of the party obligated to defend and
the party obligated to defend shall be bound by any defense or settlement that
the other party may make as to such claim. The parties shall cooperate in
defending any such claim, suit, action or proceeding and each party shall have
reasonable access to the books and records, and personnel in the possession or
control of the other party which are pertinent to the defense. Any party, at
its own expense, shall have the right to join another in any action, claim or
proceeding brought by a third party, as to which any right of indemnity created
by this Agreement would or might apply, for the purpose of enforcing its right
of indemnity granted hereunder.
23.4 Limitations Period. All claims for indemnification under this
Agreement must be made by a party seeking the indemnification within ten (10)
years of the Closing Date; provided however, that for any Land or Stations that
do not have their remediation completed by ten (10) years following the
Closing, such period will be extended until a "no-further-action letter" or its
equivalent is issued by a state regulatory agency.
ARTICLE XXIV: MISCELLANEOUS
24.1 Further Assurance. Subject to the terms and conditions set
forth in this Agreement, and in addition to other provisions in this Agreement,
from time to time subsequent to the Closing Date, each party shall use
reasonable efforts to execute and deliver at the request of the other party
such additional documents as may be reasonably required to carry out the intent
of this Agreement and the transactions contemplated hereby.
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<PAGE> 72
24.2 Brokers. Each party represents to the other that it has not
employed any brokers, finders or intermediaries in connection with the
transactions contemplated herein who might be entitled to a fee or commission
for which the other party might be liable.
24.3 Taxes and Recording Fees. In addition to other sums payable
hereunder, EPC or EMC will be responsible for payment without collection from
MNGL, MPI or MFI for all sales, excise, or gross income taxes on the transfer
of the Assets of the Business.
All recording and similar fees which become payable as a result of the
transactions in connection with the Assets contemplated by this Agreement shall
be paid by MNGL. The transfer taxes or fees for the Land shall be paid by EPC.
In addition to other sums payable hereunder, MNGL, MPI or MFI will be
responsible for payment without collection from EPC or EMC for all sales,
excise, or gross income taxes on the transfer of the Motor Fuel Assets.
All recording and similar fees which become payable as a result of the
transactions in connection with the Motor Fuel Assets contemplated by this
Agreement shall be paid by EMC. The transfer taxes or fees for the Stations
shall be paid by MPI or MFI.
If a party fails to pay timely such taxes then such party will also
pay related interest and penalty charges, however, nothing in this paragraph
shall prevent a party from exercising its right to contest such taxes. In the
event of such contest, each party shall fully cooperate with the other in
regard to tax information requests and other requests that may be made by the
other.
The parties agree that completed Form 8594, attached as Exhibit 24.3,
with Part I completed for each party, will be filed as required by Section 1060
of the IRC, with their respective returns for the tax year which includes the
Closing Date.
24.4 Expenses. Except as specifically provided elsewhere in this
Agreement, whether or not the transactions contemplated by this Agreement are
consummated, all filing fees, legal, consulting and other costs incurred in
connection with this Agreement and the transactions contemplated herein shall
be paid by the party incurring such expenses.
24.5 Assignment; Binding Effect. Except for the non-competition
covenants granted or assigned between MNGL, MPI or MFI and EPC or EMC, which
covenants can be assigned without the consent of any other party to this
Agreement, no party may assign this Agreement or any of its rights hereunder
nor delegate its duties hereunder without the prior express written consent of
the other party; provided, however, MNGL may, with written notice thereof to
EPC,
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<PAGE> 73
assign any of its rights or delegate any of its obligations hereunder to its
wholly owned subsidiary, Thermogas Company, a Delaware corporation, without the
consent of any other party to this Agreement. Subject to the foregoing
limitations on assignments and delegations, this Agreement shall be binding
upon and inure to the benefit of the parties hereto and their respective
successors and assigns.
24.6 Amendment and Waiver. This Agreement may not be amended nor
any provisions herein waived except by an instrument in writing signed by all
parties which specifically states an intent to amend this Agreement or waive
any of its provisions. No waiver of any provision of this Agreement shall be
deemed or shall constitute a waiver of any other provision, whether or not
similar, nor shall any waiver of any other provision, whether or not similar,
nor shall any waiver constitute a continuing waiver, unless otherwise provided
in the writing referring to the waiver.
24.7 Notices. All notices, requests, and other communications
required or permitted under this Agreement shall be in writing and shall be
delivered in person or sent by telex, facsimile or by registered or certified
mail, postage prepaid, return receipt requested, addressed as follows:
If to EPC:
Emro Propane Company
500 Speedway Dr.
Enon, OH 45323-1056
Attention: President
with a copy to: Emro Marketing Company
500 Speedway Dr.
Enon, OH 45323-1056
Attention: Senior Counsel
If to MNGL:
MAPCO Natural Gas Liquids Inc.
1800 South Baltimore Ave.
Tulsa, Oklahoma 74119
Attention: President
with a copy to: MAPCO Natural Gas Liquids Inc.
1800 South Baltimore Ave.
Tulsa, Oklahoma 74119
Attention: General Counsel
If to EMC:
Emro Marketing Company
500 Speedway Dr.
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<PAGE> 74
Enon, OH 45323-1056
Attention: Vice President, Finance & Administration
with a copy to: Emro Marketing Company
500 Speedway Dr.
Enon, OH 45323-1056
Attention: Senior Counsel
If to MPI or MFI:
MAPCO Petroleum Inc.
1101 Kermit Drive, Suite 800
Nashville, Tennessee 37217
Attention: Vice President
with a copy to: MAPCO Petroleum Inc.
1800 South Baltimore Ave.
Tulsa, Oklahoma 74119
Attention: Assistant General Counsel
or to such other address of which a party shall have given notice as herein
provided. All notices by a party shall be deemed given at the time received by
the other party.
24.8 Headings. The headings and subheadings contained in this
Agreement are for convenience only and shall not control or affect the meaning,
construction or interpretation of any provision hereof.
24.9 Announcements. The parties shall consult with each other with
regard to all press releases and other announcements issued at or prior to the
Closing Date concerning this Agreement or the transactions contemplated hereby
and, except as may be required by applicable laws or the applicable rules and
regulations of any governmental agency or stock exchange, and except as MNGL or
EPC's counsel may deem necessary or appropriate, neither party shall issue any
such press release or other publicity without the prior written consent of the
other party.
24.10 Governing Law. This Agreement shall be construed in accordance
with, and governed by, the internal laws of the State of Delaware without
giving effect to the conflict of laws provisions thereof; however, when this
Agreement requires performance of an act in accordance with a state and/or a
federal standard, law or regulation, then such state and/or federal requirement
shall control that act.
24.11 Exhibits. All references to Exhibits herein are to the
Exhibits attached hereto which are specifically incorporated by reference into
this Agreement. Where necessary the Exhibits shall be updated as of the
Effective Time to reflect changes therein in accordance with this Agreement.
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<PAGE> 75
24.12 Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be an original instrument, but all of which
together shall constitute one and the same Agreement.
24.13 Severability. Should any provisions of this Agreement, or
portions hereof, be found to be invalid by any court of competent jurisdiction,
the remainder of this Agreement shall nonetheless remain in full force and
effect.
24.14 Bulk Sales Laws. MNGL waives compliance by EPC with the
provisions of any Bulk Sales Law of any jurisdiction in connection with the
transactions contemplated hereby and EPC shall indemnify and hold MNGL harmless
from and against any and all loss, cost, expense or liability arising as a
result of noncompliance with any such Bulk Sales Law.
EMC waives compliance by MPI or MFI with the provisions of any Bulk
Sales Law of any jurisdiction in connection with the transactions contemplated
hereby and MFI shall indemnify and hold EMC harmless from and against any and
all loss, cost, expense or liability arising as a result of noncompliance with
any such Bulk Sales Law.
24.15 Signage. EMC acknowledges that substantially all of the
Stations are branded under the Shell trademark and that the Jobber Supply
Agreement therefor will be terminated at or before the Closing. EMC agrees to
re-sign the Stations at a time as near to the Closing as is practical and the
cost will be equitably apportioned. MPI and MFI agree to cooperate fully in
such effort and to permit the use of the MAPCO trademarks as may be necessary
in the transition period.
24.16 Entire Agreement. This Agreement and the Exhibits hereto
constitute the entire agreement between the parties with respect to the subject
matter contained herein; and, except as the Confidentiality Agreement shall
remain in effect under Section 8.5, supersedes all prior and contemporaneous
agreements, including without limitation the "Letter of Intent" dated June 8,
1994, between the parties, representations and understandings of the parties
which are hereby merged into the terms of this Agreement.
IN WITNESS WHEREOF, the parties, by their duly authorized officers,
have executed and delivered this Agreement effective as of the date first above
written.
WITNESSES: EMRO PROPANE COMPANY
/s/ DANIEL J. SULLENBERGER By: /s/ M. E. MITTLEMAN
/s/ JEFFREY L. BENSON Its: President
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<PAGE> 76
EMRO MARKETING COMPANY
/s/ DANIEL J. SULLENBERGER By: /s/ R. N. YAMMINE
/s/ JEFFREY L. BENSON Its: President
MAPCO Natural Gas Liquids Inc.
/s/ DANIEL J. SULLENBERGER By: /s/ ROBERT G. SACHSE
/s/ JEFFREY L. BENSON Its: President
MAPCO Petroleum Inc.
/s/ DANIEL J. SULLENBERGER By: /s/ ROBERT G. SACHSE
/s/ JEFFREY L. BENSON Its:___________________________________
MAPCO Florida Inc.
/s/ DANIEL J. SULLENBERGER By: /s/ ROBERT G. SACHSE
/s/ JEFFREY L. BENSON Its:___________________________________
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<PAGE> 77
EXHIBIT 1.1
ACCOUNTS RECEIVABLE
The Accounts Receivable aging as of August 23, 1994, is as follows:
<TABLE>
<CAPTION>
Aging Status Balance Percentage Net Due
- ------------ ------- ---------- -------
<S> <C> <C> <C>
0 - 30 days $2,877,309.00 100.00 2,877,309.00
31 - 60 days 1,020,572.00 99.58 1,016,285.60
61 - 90 days 822,197.00 99.16 815,290.55
91 - 120 days 561,071.00 98.75 554,057.61
121-150 days 205,898.00 98.33 202,459.50
151-180 days 166,773.00 97.81 163,120.67
-------------
5,628,522.93
Less credit balances (2,900,000.00)
-------------
Estimated Net Due 2,728,522.93
</TABLE>
<PAGE> 78
EXHIBIT 1.7
ASSUMED LIABILITIES
1. The non-compete payments shown on page 2 of this Exhibit.
<PAGE> 79
EXHIBIT 1.7
ASSUMED LIABILITIES
1. The non-compete payments shown on page 2 of this Exhibit.
<PAGE> 80
EXHIBIT 1.7
(Continued)
EMRO PROPANE COMPANY
COVENANTS PAYABLE
Pursuant to the Agreement and subject to MNGL receiving a credit at Closing
equal to the amount by which the total below of the future non-compete payments
to be assumed by MNGL exceeds Two Million Five Hundred Thousand Dollars
($2,500,000.00), the below listed covenants payable shall be assumed by MNGL at
Closing:
<TABLE>
<CAPTION>
BALANCE
10/1/94
-------
<S> <C>
Jack L. Short/Miller's Gas Company 350000.00
Rosene Short/Miller's Gas Company 350000.00
Russell Gericke/Miller's Gas Company 700000.00
Jellison Ser/Tri County Gas Co/Connie Stewart 25000.00
B&C L P Gas Co/Cutts & Blade 150000.00
Blue Flame/Gary R. Cowan 220000.00
Gammill Gas 25000.00
Globe Propane/Gloria Wood 7500.00
Goben Oil Co 24000.00
Hicksgas 2000.00
Leihser Oil Co/Richard & Barbara 5000.00
Mason True Blue 2000.00
Modern Gas/Fred Ziegler 2000.00
Modern Gas/Gerald Ziegler 2000.00
Modern Gas/Marvin Hill 2000.00
Platolene '500' Inc & I William Connelly 60000.00
Ray Summers/Harry & Edna Backs/Jacklyn Rossman 2000.00
Yontz & Sons/Karl W. Yontz 3000.00
Yontz & Sons, Inc. Karl W. Yontz Jr. 10000.00
Jim J. Macari/Margorie Macari 180000.00
Robert & Shirley Wheatly 20000.00
James Frushour 62500.00
John Frushour 62500.00
Fase's LP Gas 60000.00
Robert & Joyce Fase 180000.00
Merle Yaggie & Louise Yaggie 20000.00
Lowell & Marilyn Karnes/Urbana 60000.00
----------
Total 2586500.00
</TABLE>
<PAGE> 81
EXHIBIT 1.11
CONTRACTS
1. Vehicle Leases
A. Motor Vehicle Operating Agreement - TRAC Lease dated and effective as
of April 15, 1992, between Gelco Corporation d/b/a GE Capital Fleet
Services, as Lessor, and Marathon Oil Company, as Lessee Vehicles.
B. Motor Vehicle Operating Agreement - TRAC Lease No. 0046961 dated and
effective as of August 12, 1988, between Pitney Bowes Credit
Corporation, as Lessor, and Marathon Oil Company as Lessee.
C. Lease Agreement dated February 1, 1980, between Wheels, Inc., as
Lessor, and Marathon Oil Company, as Lessee.
D. Motor Vehicle Operating Agreement - TRAC Lease No. 89-090 dated and
effective as of May 26, 1989, between Citizens Leasing Corporation, as
successor in interest to PHH Financial Services, Inc., as Lessor, and
Marathon Oil Company, as Lessee.
E. Motor Vehicle Operating Agreement - TRAC Lease No. 3421 dated and
effective as of May 17, 1988, between Peterson, Howell & Heather,
Inc., as Lessor, and USX Corporation, as Lessee.
2. The contracts of EPC with those parties listed on Page 5 of this Exhibit,
to the extent such are transferable or assignable by EPC.
3. The leases for the Land shown on page 2 through 4 of this Exhibit.
4. The leases for propane tanks with customers of EPC.
<PAGE> 82
EXHIBIT 1.11 (CONT.)
LEASED SITES
ILLINOIS
<TABLE>
<CAPTION>
SITE DATE OF LEASE LESSOR
- ---- ------------- ------
<S> <C> <C>
3009 Red Stripe Road 11/03/93 (signed) J. Ray Young
SELMAVILLE, IL 11/06/92
St. Rt. 49 06/09/93 H&H Propane, Inc.
KANSAS, IL
RR #4, Co. Rd. 725 N Month-to-Month Muriel McGehee, Trustee of the
BOYLESTON, IL Marion Lee Revocable Trust
RR #1, St. Rt. 1 07/16/90 Village of Norris City
NORRIS CITY, IL
Lerna Road 07/17/90 Marian S. Gammill, Successor
LERNA, IL Trustee under the Testamentary Trust
of Nancy H. Sampson
RR #3, Co. Rd. 325 E 09/28/89 (lease) Hubert & Norma Henson
XENIA, IL 10/01/89 (assign)
Springfield Avenue Month-to-Month Consolidated Rail Corporation
PARIS, IL
Illinois & "A" Sts. 08/29/91 CSX Transportation, Inc.
CHRISMAN, IL
INDIANA
Folsomville & Degonia Rds. 01/29/92 Loetta Thomas
FOLSOMVILLE, IN
P.O. Box 07 - RR #2 10/22/90 Lowell & Marilyn Karns
URBANA, IN
631 E. Broadway 11/02/93 Jack D. and Iffie Colleen Barton
LOGANSPORT, IN
MICHIGAN
Coman & Broom Roads To Be Executed Waldron Grain & Fuel
WALDRON, MI
4407 M-99 07/01/81 (lease) Folk Oil Company, Inc.
HOMER, MI 11/25/85 (letter agmnt)
06/09/93 (amendment)
</TABLE>
<PAGE> 83
EXHIBIT 1.11 (CONT.)
LEASED SITES (CONT.)
<TABLE>
<CAPTION>
SITE DATE OF LEASE LESSOR
- ---- ------------- ------
<S> <C> <C>
7923 N. Dixie Hwy. Month-to-Month Carl Masserant, dba Masserant's
NEWPORT, MI Garage
2750 Lippincott 03/17/93 Phillip Agree, Trustee of Phillip
FLINT, MI 03/12/93 (addendum) Agree Trust
02/18/94 (amendment)
3302 Lapeer Road 05/19/92 Roger Blevins
FLINT, MI
OHIO
318 N. High Street To Be Executed Mt. Blanchard Farms
MT. BLANCHARD, OH
Dewey Road 01/31/93 Connie R. Stewart
AMHERST, OH
7164 Farmer/Markcenter Rds. To Be Executed Eckert-Dinner Bell Farm
FARMER, OH
1851 S.R. 590 Near US 20 To Be Executed Helen Haas
GIBSONBURG, OH
Nr. Bookerman & Clarence 09/11/92 Kellstone, Inc.
KELLY'S ISLAND, OH
2040 St. Rd. 01/23/85 Kedory, an Ohio Ptnrshp.
PORT CLINTON, OH
382 Funk Road To Be Executed Schumacher Farms
SHELBY, OH
Small parcel situated at To Be Executed Emro Marketing Company
Emro Marketing Company's
Fuel Center located at
8924 Lake Road
LODI, OH
</TABLE>
<PAGE> 84
EXHIBIT 1.11 (CONT.)
LEASED SITES (CONT.)
RECEIVABLE LEASES
<TABLE>
<CAPTION>
SITE DATE OF LEASE LESSEE
- ---- ------------- ------
<S> <C> <C>
5517 Woodville Road To Be Executed Thomas Industrial Gas
TOLEDO, OH
5523 Woodville Road 09/14/92 Barbara G. Lockhart, individually
TOLEDO, OH and d/b/a Barb's Flower, Gifts & Crafts
8346 US 127 To Be Executed Donald Dennis
ADDISON, MI
907 E. Cumberland 09/01/92 James Blade, individually and
GREENUP, IL d/b/a James Blade Insurance Agency
US 40 (RR #2) 10/25/91 Clark County, Illinois
MARTINSVILLE, IL
5001 Ann Arbor Road 02/22/91 Adams Outdoor Advertising
DUNDEE, MI
3306 Lapeer Road Undated Jim McKay d/b/a McKay's
FLINT, MI Appliance Service
Rt. 2 09/18/89 Fair Rite Products Corporation
FLAT ROCK, IL
</TABLE>
<PAGE> 85
EXHIBIT 1.11
(CONTINUED)
SERVICE AGREEMENTS
<TABLE>
<CAPTION>
Reference No. Vendor
- ------------- ------------------------------------------
<S> <C>
89-MI-299-2- Xerox
299-1- Xerox (service maintenance agree)
282 - International Mailings System (postage meter)
283 - IMS Better Packages, Inc (maintenance agree)
274 - AT&T Phone Systems
297 - Thatcher The Cleaner & Garment Rental Service
328 - MRPS Copy Systems
325 - Ganetee Outdoor Co. of Michigan
295 - Tidy Brite Janitoral Services, Inc.
330 - Leran Cooper & Brass
</TABLE>
SOFTWARE AGREEMENTS
<TABLE>
<S> <C>
89-MI-276 - PKWare, Inc. (2 Oracle Site License)
277 - Walker, Richer & Quinn, Inc.
278 - TSI Software
279 - Subject Wheels and Company
280 - American Telerep
142 - Smart Star
147 - Digital
326 - Contech, Inc.
353 - Meridian Software
</TABLE>
OTHER AGREEMENTS
<TABLE>
<S> <C>
89-IL-229 Fair Rite Products Corporation
89-IL-230-1 Mobile Radio Specialists (Grayville, IL)
</TABLE>
<PAGE> 86
EXHIBIT 1.13
EQUIPMENT
1. The customer storage tanks listed on pages 2 through 15 of this
Exhibit, together with all customer tanks or cylinders less than 250
gallons in size.
2. The motor vehicles, both owned and leased, listed on pages 16 through
37 of this Exhibit.
3. The bobtail and transport tank inventory listed on pages 38 and 39 of
this Exhibit.
4. The remaining Equipment listed on pages 40 through the end of this
Exhibit. In the event of a conflict betweeen the items listed on
these pages and those under nos. 1 and 2 above, items 1 and 2 shall
control.
<PAGE> 87
<TABLE>
<CAPTION>
BR TANK SIZE QUANT PAGE: 1
<S> <C> <C>
1 120 179
1 250 129
1 330 83
1 420 1
1 500 1,256
1 1000 153
1 1850 2
-----------------------------------
1 BR TOTAL 1,803
===================================
2 120 50
2 124 1
2 250 113
2 330 83
2 500 1,312
2 1000 157
-----------------------------------
2 BR TOTAL 1,716
===================================
3 120 97
3 250 369
3 320 35
3 330 283
3 500 1,682
3 1000 61
-----------------------------------
3 BR TOTAL 2,527
===================================
4 120 95
4 124 1
4 250 469
4 320 18
4 330 471
4 420 45
4 500 2,238
4 1000 127
-----------------------------------
4 BR TOTAL 3,464
===================================
5 120 102
5 124 1
5 250 146
5 330 103
5 420 9
5 500 1,015
5 1000 168
-----------------------------------
5 BR TOTAL 1,544
===================================
6 120 39
</TABLE>
<PAGE> 88
<TABLE>
<CAPTION>
BR TANK SIZE QUANT PAGE: 2
- -- --------- -----
<S> <C> <C>
6 250 363
6 300 34
6 320 143
6 330 329
6 500 1,699
6 1000 125
- ----------------------------------
6 BR TOTAL 2,732
==================================
7 114 1
7 120 84
7 250 300
7 320 50
7 330 245
7 420 9
7 500 1,380
7 1000 69
- ----------------------------------
7 BR TOTAL 2,138
==================================
8 120 46
8 250 917
8 320 2
8 330 542
8 500 2,391
8 1000 75
- ----------------------------------
8 BR TOTAL 3,973
==================================
9 120 63
9 124 12
250 339
9 330 76
9 500 1,910
9 1000 80
- ----------------------------------
9 BR TOTAL 2,480
==================================
10 120 133
10 124 1
10 250 148
10 330 117
10 420 18
10 500 1,049
10 1000 204
- ----------------------------------
10 BR TOTAL 1,670
==================================
11 114 5
11 120 8
</TABLE>
<PAGE> 89
<TABLE>
<CAPTION>
BR TANK SIZE QUANT PAGE: 3
<S> <C> <C>
11 250 302
11 320 18
11 330 295
11 420 9
11 500 2,009
11 1000 83
- -------------------------------------
11 BR TOTAL 2,729
=====================================
12 120 27
12 250 61
12 300 17
12 330 49
12 500 1,058
12 1000 141
- -------------------------------------
12 BR TOTAL 1,353
=====================================
13 120 49
13 250 454
13 320 116
13 330 765
13 420 63
13 500 1,946
13 1000 84
- -------------------------------------
13 BR TOTAL 3,477
=====================================
14 120 130
14 124 1
14 250 148
14 330 77
14 420 9
14 500 1,616
14 1000 208
- -------------------------------------
14 BR TOTAL 2,189
=====================================
15 120 132
15 250 383
15 320 83
15 330 197
15 500 1,502
15 1000 103
- -------------------------------------
15 BR TOTAL 2,400
=====================================
16 120 26
16 250 83
16 300 1
</TABLE>
<PAGE> 90
<TABLE>
<CAPTION>
BR TANK SIZE QUANT PAGE: 4
- --- --------- -----
<S> <C> <C>
16 330 93
16 420 4
16 500 1,681
16 1000 110
- -------------------------------------
16 BR TOTAL 1,998
=====================================
17 120 90
17 250 587
17 320 18
17 330 567
17 500 3,208
17 1000 90
- -------------------------------------
17 BR TOTAL 4,560
=====================================
18 120 108
18 124 104
18 250 108
18 330 79
18 375 1
18 420 24
18 500 2,528
18 1000 256
- -------------------------------------
18 BR TOTAL 3,208
=====================================
19 120 59
19 250 201
19 330 250
19 500 2,127
19 1000 225
- -------------------------------------
19 BR TOTAL 2,862
=====================================
20 120 128
20 124 53
20 250 67
20 320 11
20 330 79
20 420 29
20 500 1,832
20 1000 172
- -------------------------------------
20 BR TOTAL 2,371
=====================================
21 120 233
21 124 22
21 250 16
21 330 342
</TABLE>
<PAGE> 91
<TABLE>
<CAPTION>
BR TANK SIZE QUANT PAGE: 5
- -- --------- -----
<S> <C> <C>
21 420 54
21 500 1,096
21 1000 141
21 1200 1
- -------------------------------------
21 BR TOTAL 1,905
=====================================
22 120 55
22 250 27
22 330 28
22 420 24
22 500 681
22 1000 96
- -------------------------------------
22 BR TOTAL 911
=====================================
23 120 51
23 250 45
23 330 69
23 420 67
23 500 1,524
23 1000 212
- -------------------------------------
23 BR TOTAL 1,968
=====================================
25 120 53
25 124 1
25 250 318
25 300 1
25 320 64
25 330 376
25 420 17
25 500 1,980
25 1000 160
- -------------------------------------
25 BR TOTAL 2,970
=====================================
26 120 64
26 124 1
26 250 340
26 320 89
26 330 335
26 420 12
26 500 1,762
26 1000 109
- -------------------------------------
26 BR TOTAL 2,712
=====================================
27 120 36
27 124 0
</TABLE>
<PAGE> 92
<TABLE>
<CAPTION>
BR TANK SIZE QUANT PAGE: 6
- -- --------- -----
<S> <C> <C>
27 250 242
27 320 115
27 330 395
27 420 9
27 500 2,259
27 965 9
27 1000 114
- -------------------------------------
27 BR TOTAL 3,179
=====================================
28 120 107
28 250 39
28 330 23
28 420 49
28 500 1,036
28 1000 84
- -------------------------------------
28 BR TOTAL 1,338
=====================================
29 120 45
29 250 29
29 320 72
29 330 168
29 420 9
29 500 907
29 965 6
29 1000 61
- -------------------------------------
29 BR TOTAL 1,297
=====================================
30 120 54
30 250 1
30 330 137
30 500 1,370
30 1000 203
- -------------------------------------
30 BR TOTAL 1,765
=====================================
31 120 78
31 124 54
31 250 2
31 330 122
31 420 8
31 500 1,616
31 550 1
31 1000 132
- -------------------------------------
31 BR TOTAL 2,013
=====================================
33 1000 1
</TABLE>
<PAGE> 93
<TABLE>
<CAPTION>
BR TANK SIZE QUANT PAGE: 7
- -- --------- -----
<S> <C> <C>
- -------------------------------------
33 BR TOTAL 1
=====================================
34 1000 1
- -------------------------------------
34 BR TOTAL 1
=====================================
36 1000 1
- -------------------------------------
36 BR TOTAL 1
=====================================
37 114 3
37 120 71
37 250 78
37 251 1
37 300 1
37 320 46
37 325 2
37 330 0
37 500 625
37 639 2
37 750 2
37 1000 82
- -------------------------------------
37 BR TOTAL 913
=====================================
38 114 6
38 115 1
38 120 8
38 124 1
38 125 1
38 250 14
38 320 13
38 325 1
38 330 11
38 500 648
38 550 1
38 600 1
38 1000 53
38 1500 1
- -------------------------------------
38 BR TOTAL 760
=====================================
39 114 110
39 120 20
39 124 3
39 125 10
39 250 52
39 251 4
39 300 1
</TABLE>
<PAGE> 94
<TABLE>
<CAPTION>
BR TANK SIZE QUANT PAGE: 8
- -- --------- -----
<S> <C> <C>
39 500 933
39 639 8
39 750 6
39 910 2
39 1000 121
39 1200 1
39 4800 1
- -------------------------------------
39 BR TOTAL 1,272
=====================================
40 120 160
40 124 93
40 250 157
40 330 117
40 420 68
40 500 1,722
40 850 1
40 1000 270
- -------------------------------------
40 BR TOTAL 2,588
=====================================
41 120 35
41 124 9
41 250 74
41 330 188
41 420 59
41 500 1,437
41 1000 391
- -------------------------------------
41 BR TOTAL 2,193
=====================================
42 120 156
42 124 49
42 250 105
42 330 132
42 420 129
42 500 1,763
42 1000 523
42 1850 3
- -------------------------------------
42 BR TOTAL 2,860
=====================================
43 120 62
43 124 1
43 250 63
43 330 80
43 420 101
43 500 1,548
43 1000 366
</TABLE>
<PAGE> 95
<TABLE>
<CAPTION>
BR TANK SIZE QUANT PAGE: 9
- -- --------- -----
<S> <C> <C>
- -------------------------------------
43 BR TOTAL 2,221
=====================================
45 120 119
45 124 4
45 250 59
45 330 98
45 420 228
45 500 2,114
45 1000 285
45 1850 6
- -------------------------------------
45 BR TOTAL 2,913
=====================================
46 120 189
46 124 130
46 250 10
46 330 365
46 500 831
46 1000 118
46 1850 11
- -------------------------------------
46 BR TOTAL 1,654
=====================================
47 120 142
47 124 215
47 250 52
47 330 29
47 420 27
47 500 1,010
47 1000 267
47 1850 16
- -------------------------------------
47 BR TOTAL 1,758
=====================================
48 120 51
48 124 125
48 250 19
48 330 257
48 500 1,186
48 850 3
48 1000 121
48 1850 4
48 2650 1
- -------------------------------------
48 BR TOTAL 1,767
=====================================
49 120 179
49 124 123
49 250 8
</TABLE>
<PAGE> 96
<TABLE>
<CAPTION>
BR TANK SIZE QUANT PAGE: 10
<S> <C> <C>
49 330 445
49 500 1,218
49 1000 67
- -------------------------------------
49 BR TOTAL 2,040
=====================================
50 120 22
50 124 1
50 250 79
50 325 1
50 33.0 2
50 500 930
50 63.9 3
50 1000 60
- -------------------------------------
50 BR TOTAL 1,098
=====================================
53 110 14
53 114 5
53 120 14
53 124 19
53 250 38
53 320 1
53 325 4
53 460 12
53 500 1,403
53 639 3
53 750 5
53 1000 377
53 1500 0
- -------------------------------------
53 BR TOTAL 1,895
=====================================
54 120 116
54 125 1
54 250 171
54 320 1
54 325 44
54 460 14
54 500 1,278
54 639 3
54 1000 516
54 1400 0
54 1500 1
54 1650 1
54 1760 1
54 2500 1
54 2700 1
54 3134 1
</TABLE>
<PAGE> 97
<TABLE>
<CAPTION>
BR TANK SIZE QUANT PAGE: 11
- -- --------- -----
<S> <C> <C>
- -------------------------------------
54 BR TOTAL 2,150
=====================================
55 114 0
55 500 0
55 5000 0
- -------------------------------------
55 BR TOTAL 0
=====================================
57 120 14
57 250 101
57 353 4
57 500 966
57 550 1
57 639 10
57 750 1
57 1000 47
57 1364 2
57 3000 1
57 3366 1
- -------------------------------------
57 BR TOTAL 1,148
=====================================
59 114 3
59 115 1
59 120 65
59 124 15
59 250 112
59 325 17
59 500 2,246
59 600 1
59 1000 259
59 1200 1
59 2500 1
- -------------------------------------
59 BR TOTAL 2,721
=====================================
60 110 1
60 120 59
60 220 1
60 250 43
60 320 57
60 330 11
60 500 1,066
60 639 12
60 750 1
60 1000 66
- -------------------------------------
60 BR TOTAL 1,317
=====================================
</TABLE>
<PAGE> 98
<TABLE>
<CAPTION>
BR TANK SIZE QUANT PAGE: 12
- -- --------- -----
<S> <C> <C>
64 250 1
- -------------------------------------
64 BR TOTAL 1
=====================================
65 100 10
65 114 1
65 120 48
65 250 17
65 353 8
65 500 857
65 1000 47
65 1500 1
65 3000 1
65 3360 1
- -------------------------------------
65 BR TOTAL 991
=====================================
66 120 40
66 124 102
66 250 14
66 330 24
66 420 18
66 500 496
66 1000 98
- -------------------------------------
66 BR TOTAL 792
=====================================
68 120 36
68 124 1
68 250 19
68 300 3
68 420 18
68 500 627
68 1000 114
68 6000 2
- -------------------------------------
68 BR TOTAL 820
=====================================
69 110 1
69 120 6
69 250 13
69 320 1
69 500 639
69 1000 118
69 2000 1
69 6000 2
- -------------------------------------
69 BR TOTAL 781
=====================================
70 120 34
</TABLE>
<PAGE> 99
<TABLE>
<CAPTION>
BR TANK SIZE QUANT PAGE: 13
- -- --------- -----
<S> <C> <C>
70 124 1
70 250 1
70 330 105
70 420 18
70 500 537
70 1000 61
- -------------------------------------
70 BR TOTAL 757
=====================================
71 120 81
71 124 7
71 250 124
71 330 142
71 500 1,127
71 1000 189
- -------------------------------------
71 BR TOTAL 1,670
=====================================
72 120 21
72 250 60
72 330 8
72 420 119
72 500 634
72 1000 41
- -------------------------------------
72 BR TOTAL 883
=====================================
73 120 12
73 125 26
73 250 29
73 325 47
73 353 1
73 460 13
73 500 465
73 1000 81
- -------------------------------------
73 BR TOTAL 674
=====================================
75 114 2
75 120 22
75 124 10
75 250 23
75 330 16
75 420 27
75 500 602
75 1000 92
- -------------------------------------
75 BR TOTAL 794
=====================================
100 120 2
</TABLE>
<PAGE> 100
<TABLE>
<CAPTION>
BR TANK SIZE QUANT PAGE: 14
- -- --------- -----
<S> <C> <C>
100 25 4
100 330 4
100 420 18
100 500 10
100 1000 10
- -------------------------------------
100 BR TOTAL 48
=====================================
CORP TOTAL 112,734
</TABLE>
<PAGE> 101
<TABLE>
<CAPTION>
EMRO PROPANE COMPANY
OWNED VEHICLES
BR VEHICLE # EMRO ID YEAR/MAKE DESCRIPTION FUEL TYPE IN SERVICE VEHICLE ID # LICENSE #
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1 0161 30160 86-FORD BULK F700 P 05/23/90 1FDPF7087GVA05801 BN9510
1 0162 30917 92-H&H TRL-HDW-1 12/04/91 1H91016SON1018771 B92289
1 0173 30161 87-FORD SERV F-250 G 05/23/90 2FTHF25L5HCA53734 SP6053
1 0510 10035 76-BRIN TRL-TANDE 09/01/77 76202 61518Q
1 9005 10315 79-TRAI TRL-SALT 06/01/79 S32294 09056N
2 0266 10006 86-H&H TRL-10HD 06/27/86 1H91016S4G1019036 93976B
3 0386 06149 88-H&H TRL-10HDW 08/15/88 1H91016S9J1019279 00564W
3 9026 00921 84-INT. BULK S1700 P 10/22/84 1HTLBEFN5EHA44033 BN9608
4 0402 10025 81-BRIN TRL-10-HD 06/01/81 81592DHW B92422
4 0416 31022 91-H&H TRL-HDW-1 06/17/91 1H91016S6M1018658 98142Q
5 0596 30102 89-H&H TRL-10-HD 07/06/89 1H91016S4K1018381 16374Y
6 0609 10495 84-H&H TRL-10-HD 02/07/84 1H91016S9E1018835 C86871
6 0661 06254 86-FORD BULK F-800 P 12/08/86 1FDXF8282GVA51331 BN9885
7 0703 10434 82-H&H TRL-10-HD 03/01/82 82666 HDW 93983B
7 0771 06305 87-FORD BULK F-800 P 09/18/87 1FDXF828XHVA35721 BP0179
8 0804 00745 84-H&H TRL-10-HD 04/19/84 1H91016S2E1018850 B92423
8 0826 31809 92-H&H TRL-HYD 06/18/92 1H91016S0N1018799 C86700
8 0851 06039 85-FORD BULK F-800 P 12/30/85 1FDXF8287FVA66129 BN9650
9 0911 10272 83-H&H TRL-10-HD 09/21/83 1H9101654C1018822 93987B
10 3116 31029 91-H&H TRL-HDW-1 06/24/91 1H91016S8M1018662 B39244
11 1176 10802 87-H&H TRL-10-HD 04/13/87 1H91016S6H1019122 90721S
12 1214 10096 80-H&H TRL-10-HD 12/01/80 80569-HDW 29456X
12 1260 06238 86-FORD STAK F-800 P 09/11/86 1FDWF8278GVA45777 ZF7559
12 9028 06246 86-FORD BULK F-800 P 02/05/87 1FDXF8280GVA51338 BN9887
13 1309 10102 80-H&H TRL-10-EL 04/01/80 80498 93993B
13 1316 31023 91-H&H TRL-HDW-1 06/17/91 1H91016S8M1018659 98141Q
14 1408 10109 65-FRUE TRL-SALT 06/01/65 13518 NO LIC
14 1496 30103 89-H&H TRL-10-HD 07/24/89 1H91016S6K1018382 16523Y
14 9048 10066 89-FORD BULK- F-800 P 09/09/89 1FDXF8287KVA11545 BN9004
14 9073 10322 76-BRIN TRL-10-HD 11/01/81 763795 E54373
15 1506 10433 82-H&H TRL-10-HD 03/01/82 82667 HDW 93994B
15 1571 06311 87-FORD BULK F-800 P 11/25/87 1FDXF8283HVA35723 BP0187
15 2608 10184 74-H&H TRL-10-HW 06/01/75 74118ES 00766W
16 1696 30162 90-H&H TRL-10-HD 08/03/90 1H91016S4L1018575 99239Z
</TABLE>
<PAGE> 102
<TABLE>
<CAPTION>
EMRO PROPANE COMPANY
OWNED VEHICLES
BR VEHICLE # EMRO ID YEAR/MAKE DESCRIPTION FUEL TYPE IN SERVICE VEHICLE ID # LICENSE #
<S> <C> <C> <C> <C> <C> <C> <C> <C>
17 1702 10424 82-H&H TRL-HDW-1 05/01/82 82690HDW 93961B
17 1796 30163 90-H&H TRL-10-HD 08/03/90 1H91016S6L1018576 99240Z
17 9047 10060 88-FORD BULK F-700 P 01/31/89 1FDNF708XJVA10005 BN9005
18 1816 31024 91-H&H TRL-HDW-1 06/26/91 1H91016S4M1018660 B39219
18 1876 10801 87-H&H TRL-10-HD 04/13/87 1H91016S8H1019123 90720S
19 1996 31025 91-H&H TRL-10-HD 12/26/90 1H91016S2M1018625 61405Q
19 9046 10061 88-FORD BULK F-800 P 01/31/89 1FDX828XJVA56249 BN9006
20 2061 06253 86-FORD BULK F-800 P 10/27/86 1FDXF8280GVA51330 BN9890
20 2066 10099 86-H&H TRL-10-HD 07/24/86 1H91016S6G1019037 29457X
21 2110 10236 85-H&H TRL-10-HD 04/15/85 1H91016S9F1018933 22597M
22 2206 10161 73-BRIN TRL-10-HD 06/01/75 73051E 32171V
22 2240 32364 95-FORD STAK F-700 P 1FDXF7086SVA03529
22 2261 06252 86-FORD BULK F-800 P 10/22/86 1FDXF8283GVA51337 BN9891
22 5001 06096 85-FORD STAK F-800 P 09/20/85 1FDWF8278FVA67244 BN9647
23 2366 10098 86-H&H TRL-10-HD 03/07/86 1H91016S8G1019038 93999B
24 2403 30057 90-INT. TRAC 8300 D 10/25/90 1HSHJRHN7MH338062 RF8576
25 2512 10498 84-H&H TRL-10 HD 06/27/84 1H91016SOE1018871 45964Y
25 2516 31026 91-H&H TRL-HDW-1 06/27/91 1H91016S6M1018661 B39218
26 2662 31028 92-H&H TRL-10-HD 12/23/91 1H61016S9N1018770 B92362
26 2671 06307 87-FORD BULK F-800 P 10/15/87 1FDXF8289HVA35726 BP0183
26 2696 30104 89-H&H TRL-10-HD 07/24/89 1H91016SXK1018384 16524Y
27 2702 10190 81-H&H TRL-10-HD 03/01/81 81590-DHW 94003B
27 2736 31794 93-H&H TRL-10-HD 01/12/93 1H91016S1P1018877 E54313
27 9021 06031 85-FORD BULK F-800 P 12/04/85 1FDXF8380FVA65582 BN9649
28 2803 10084 83-HOME TRL-10-HD 03/01/83 83766 HDW 050557
29 2986 06145 88-H&H TRL-10HDW 08/15/86 1H61016S7J1019278 00565W
30 3011 10234 85-H&H TRL-10-HD 04/16/85 1H91016S0F1018934 61469Q
31 1907 10416 82-H&H TRL-10-MA 03/01/82 82668 HDW 93998B
31 3171 06304 87-FORD BULK F-800 P 09/23/87 1FDXF8288HVA35717 BP0180
31 3186 06148 88-H&H TRL-10HDW 09/11/88 1H91016S5J1019280 00563W
33 3301 00974 89-EVAN TRL-ANDI- 07/17/89 1DZTA432XGG117290 82574X
33 3302 00955 89-EVAN TRL-ANDI- 06/26/89 1DZTA432XGG117291 82573X
33 3304 10227 65-BEAR TRL-BEAR- 06/01/65 133604 B92290
33 3308 10228 60-FRUE TRL-FRUE- 06/01/60 OMA115701 E54371
</TABLE>
<PAGE> 103
<TABLE>
<CAPTION>
EMRO PROPANE COMPANY
OWNED VEHICLES
BR VEHICLE # EMRO ID YEAR/MAKE DESCRIPTION FUEL TYPE IN SERVICE VEHICLE ID # LICENSE #
<S> <C> <C> <C> <C> <C> <C> <C> <C>
33 3310 10229 77-LUBB TRL-LUBB- 06/01/77 59540 90323S
33 3312 10231 78-LUBB TRL-LUBB- 07/01/78 59977 E54365
33 3314 10232 78-LUBB TRL-LUBB- 09/01/78 59978 B92427
33 3318 10271 83-EVAN TRL-EVAN- 08/01/83 1EVINST33DLL61235 B92428
33 3319 10056 89-EVAN TRL-ANDI- 01/27/89 1DZTA432XGG117009 29404X
33 3320 10042 89-LUBB TRL-ANDI- 05/12/89 1DZTA432XGG117289 30025X
33 3321 31808 92-EVAN TRL-MID-- 12/12/92 1M9TT4332P1308127 E54241
33 3332 06982 67-LUBB TRL-1962- 09/04/85 56486 00765W
33 3376 06194 88-INT. TRAC 9670- D 09/20/88 1HSRDBNR4KH640528 BPO127
33 3378 06184 89-INT. TRAC 9300- D 12/30/88 2HSFEX2R1KCO26190 BPO159
33 3380 30009 90-INT. TRAC 9300- D 09/28/89 2HSFEZCR2LCO37064 BN9688
33 3383 30007 91-INT. TRAC 9300- D 08/31/90 2HSFEMDROMCO47369 BN9722
33 3384 30008 91-INT. TRAC 9300- D 08/31/90 2HSFEMDROMCO47370 BN9723
33 8988 30228 58-TRAM TRL-SUPER 09/11/90 NB1921 61509Q
36 4401 10208 82-FORD SERV STEP P 02/01/82 1FCJE30G5CHA18567 NU7134
37 3714 30165 78-FORD SERV F-150 P 09/25/90 F15HCCC5841 1191FJ
37 3721 10012 85-H&H TRL-10-HD 11/06/85 1H910165S4F101898 17414T
38 3807 06985 81-FORD SERV 100 V P 10/08/85 1FTDEO4E7BHA00736 979607
38 3886 06421 88-H&H TRL-10HDW 05/10/88 1H91016S7J1019282 32260T
39 3946 32625 94-H&H TRL-10-HD 06/08/94 1H91016SOR1018968 33454T
40 4008 10254 81-H&H TRL-10-HD 02/01/81 81589-DHW T599FK
40 4036 31793 93-H&H TRL-10-HD 01/12/93 1H91016S3P1018878 T552VS
40 4061 06243 86-FORD BULK F-800 P 12/01/86 1FDXF8280GVA58987 PV610G
40 4071 30105 87-FORD BULK F800 P 12/19/89 1FDXF8280HVA67089 PV214E
41 4161 06244 86-FORD BULK F-800 P 01/12/87 1FDXF8284GVA58989 PV613G
41 4162 31031 92-H&H TRL-HDW-1 12/01/91 1H91016S4N1018773 T598FK
42 2001 10153 75-FORD BULK 800 P 11/01/79 N80XVX47600 PV195E
42 3105 10224 50-HOME TRL-10-MA 10/01/81 HOMEMADE T597FK
42 4203 10269 53-HOME TRL-10-MA 06/01/53 HOMEMADE T596FK
42 8017 30101 76-H&H TRL-BRIND 09/06/90 709895E T545WY
42 9022 06247 86-FORD BULK F-800 P 01/06/87 1FDXF8286GVA51333 PV854G
42 9041 06044 85-FORD BULK F-800 P 04/02/86 1FDXF8287FVA65577 PV188E
43 4302 10278 53-BRIN TRL-10-MA 06/01/53 55192 T593FK
45 2841 10207 75-H&H TRL-11-HD 06/01/77 75161EKST T302FK
</TABLE>
<PAGE> 104
<TABLE>
<CAPTION>
EMRO PROPANE COMPANY
OWNED VEHICLES
BR VEHICLE # EMRO ID YEAR/MAKE DESCRIPTION FUEL TYPE IN SERVICE VEHICLE ID # LICENSE #
<S> <C> <C> <C> <C> <C> <C> <C> <C>
45 8030 31810 92-H&H TRL-10HDW 06/02/92 1H91016S7N1018802 T664HS
46 4646 32622 94-H&H TRL-10-HD 06/24/94 1H91016S5R1018965
46 4674 10326 83-H&H TRL-LATO! D 04/20/89 831LO7165B T595FK
46 4695 10334 88-FORD BULK F-800 P 04/20/89 1FDPF8286JVA51579 PV167E
46 4797 10366 88-GMC SERV 3/4 P 04/20/89 1GTGK34K2JE535888 PV168E
47 4716 31032 91-H&H TRL-HDW-1 05/21/91 1H91016SXM1018663 T736FK
47 4792 10364 86-FORD BULK F-800 P 04/20/89 1FDPF8284GVA59818 PV159E
47 4796 10365 88-FORD BULK F-800 P 04/20/89 1FDPF8282JVA51580 PV158E
48 4846 32623 94-H&H TRL-10-HD 06/24/94 1H91016S7R1018966
48 4898 10379 88-GMC SERV K-30 G 04/20/89 1GTGK34K3JE535897 PV148E
49 4923 10380 80-HOME TRL-LAWN 04/20/89 NONE 30026X
49 4946 32621 94-H&H TRL-10-HD 05/26/94 1H91016S9R1018967
49 4990 10385 86-GMC SERV 2500 P 04/20/89 2GTEK24L7G1527354 PA7419
49 4994 10387 88-FORD BULK F=800 C 04/20/89 1FDPF8284JVA51578 BN9195
50 5007 30110 89-H&H TRL 10-HDW-6 06/06/89 1HP1016SXK1018465 398834
50 5901 30170 86-CHEV BULK P 09/28/89 1GBJ7D1B9GV101398 20561H
51 3305 10300 63-MTC TRL-NORYZ D 04/20/89 63640 178865
51 3309 30171 74-FRUE TRL-AND-- 03/21/89 394739 178866
51 3325 30172 79-HOME TRL-DALW- 09/25/90 TP61299 178867
51 3329 30174 74-TRAI TRL-TRIN- 09/27/89 1015-74 178868
51 3330 10348 59-BEAR TRL-BEAR- 05/15/85 MW7836 178869
51 3331 10349 73-HOME TRL-APEX- 05/15/85 1316 178864
51 3365 06257 86-INT. TRAC 9670 D 09/17/86 1HSRDT4R2HHB12070 P17136
51 3372 06195 88-INT. TRAC 9670 D 10/12/88 1HSRDBNRXKH630425 P17137
51 3373 06196 88-INT. TRAC 9670 D 10/14/88 1HSRDBNR1KH630426 P17134
51 3374 06197 88-INT. TRAC 9670- D 10/10/88 1HSRDBNR3KH630427 BP0124
52 2401 00800 84-INT. STAK 1724 P 04/17/84 1HTLBEFP9EHA35384 20560H
53 5341 30176 84-FORD BULK F-800 P 07/17/90 1FDNF8283EVA39273 20559H
53 5342 30177 87-FORD SERV F-150 P 07/17/90 1FTDF15Y2HLA55256 6451FB
53 5380 06422 88-H&H TRL-10HDW 05/10/88 1H91016S7J1019281 32259T
54 5419 31036 91-FORD BULK F-700 P 01/29/92 1FDNF7089MVA14521 7664J
54 5447 10130 85-FORD SERV F700B C 10/01/86 1FDNF70H9FVA03604 20558H
54 5451 10187 85-FORD SERV F-250 P 10/01/86 2FTHF25G5FCA38022 1526BX
54 5476 10195 87-H&H TRL-10-HD 01/15/87 1H91016S8H1019106 32258T
</TABLE>
<PAGE> 105
<TABLE>
<CAPTION>
EMRO PROPANE COMPANY
OWNED VEHICLES
BR VEHICLE # EMRO ID YEAR/MAKE DESCRIPTION FUEL TYPE IN SERVICE VEHICLE ID # LICENSE #
<S> <C> <C> <C> <C> <C> <C> <C> <C>
54 5485 31011 88-CHEV CYL CR-34 P 01/29/92 1GBHR34K4JJ129641 5988B
57 6026 31812 92-H&H TRL-HYD 06/26/92 1H91016S3N1018800 32257T
58 5801 31964 93-HOME TRL-WL CA 07/19/93 1WC200C16P1060430 F95070
58 5802 31965 93-HOME TRL-WL CA 07/19/93 1WC200C18P1060431 F95071
59 3151 06048 85-FORD SERV 800 B P 12/10/85 1FDXF8287FVA66132 20551H
59 5449 10075 85-CHEV BULK C-70 P 10/01/86 1GBJ7D1B6FV105486 20555H
59 5458 30206 76-BRIN TRL- 03/21/89 763865 17413T
59 5996 30180 89-H&H TRL-10-HD 07/06/89 1H91016S6K1018463 32256T
60 3728 30167 81-FORD BULKLN-80 P 09/25/90 1FDPN80K6BVJ10646 7660J
60 5376 10117 77-HOME TRL-HOMEM 04/09/87 601214TILTBED 832872
60 6005 00991 62-HOME TRL- 05/31/89 G320829 32255T
62 6203 10389 83-INT. BULKS-190 D 04/20/89 1HTAA1959DHA24378 PV149E
65 6508 30188 85-GMC BULK 350 B P 09/27/89 1GDHC34M6FVA50470 37272D
65 6510 30189 86-CHEV BULK C70 P 09/28/89 1GBJ7D1B5GV104282 P17133
66 6646 32624 94-H&H TRL-10-HD 06/13/94 1H91016S3R1018964
66 6811 31042 91-CHEV BULK C-70 P 09/19/91 1GBL7J1P2MJ102648 13562E
66 9036 06310 87-FORD BULK F-800 P 10/16/87 1FDXF8281HVA35719 13297E
68 4687 10331 85-GMC CYL C-30 P 04/20/89 1GDJC34M6FS521100 19152B
68 6862 31040 92-H&H TRL-10-HD 11/15/91 1H91016SON1018768 15460C
68 6891 30218 89-FORD BULK F-800 P 09/11/90 1FDPF82K1KVA50210 12871E
68 6895 31045 89-CHEV CYC C-24 P 09/19/91 1GCGC24K1KE184982 720745
69 1602 10123 81-H&H TRL-10-HD 03/01/81 81591DHW 17412T
69 3723 10054 86-FORD SERV F-250 P 05/23/89 2FTEF25H7GCB49068 976633
69 6990 30194 69-FORD SERV F600 P 09/18/90 F6OCKE12174 37270D
69 6991 30195 89-FORD BULK F-800 P 09/18/90 1FDXF828XKVA43762 7658J
70 7056 30224 87-BRN TRL-HYDCA 10/19/90 1L9HL1524HLO85844 14102C
70 7081 30222 87-FORD BULK LT800 D 10/19/90 1FDXR82A5HVA20277 4105F
70 7091 30221 88-FORD BULK L-800 D 10/19/90 9BFXH81A3JDMO1684 4104F
70 7092 30220 89-FORD SERV F-150 P 10/19/90 1FTDF15Y2KNB60035 669002
71 7126 31811 92-H&H TRL-HYD 08/21/92 1H91016S5N1018801 15995C
71 7171 30567 87-FORD BULK L-800 P 02/28/91 1FDPF8281HVA50012 5781F
71 7182 30570 88-CHEV SERV 1500 P 02/28/91 2GCDC14H2J1250375 743101
71 7191 30566 89-FORD BULK F-800 P 02/28/91 1FDPF8286KVA53978 8287F
71 7196 30573 73-H&H TRL-ELECT 02/28/91 Z74166000027137 15994C
</TABLE>
<PAGE> 106
<TABLE>
<CAPTION>
EMRO PROPANE COMPANY
OWNED VEHICLES
BR VEHICLE # EMRO ID YEAR/MAKE DESCRIPTION FUEL TYPE IN SERVICE VEHICLE ID # LICENSE #
<S> <C> <C> <C> <C> <C> <C> <C> <C>
72 6983 30193 88-DODG SERV D50 P 09/18/90 JB7FL29E3JP102896 630FJB
72 7242 31807 84-DODG SERV D-200 C 08/26/92 1B7JD24TOES268342 7312HJ
72 7261 31804 86-FORD BULK F-800 P 08/26/92 1FDPF8288GVA05860 7656J
72 7286 31805 77-H&H TRL-? P 08/26/92 77324-DSH 32254T
73 4710 10343 69-H&H TRL-SINGL 04/20/89 TD125355 17409T
73 6036 31792 93-H&H TRL-10-HD 01/12/93 1H91016S4P1018856 17411T
73 7300 31800 90-CHEV SERV G-30 P 11/05/92 2GCGG39K2L4139635 6637HM
73 7311 31798 89-FORD BULK F-800 P 11/07/92 1FDPF8286KVA56279 7653J
73 7323 31802 92-FORD SERV F-250 G 11/05/92 1FTEF25H1NLA81952 6633HM
73 7390 31799 79-CHEV STAK C6D04 P 11/05/92 C16DA9V158392 20552H
73 7391 31795 79-CHEV BULK C7D04 P 11/05/92 C17DE9V180172 7652J
74 3306 10301 70-LUBB TRL------ D 04/20/89 57474 E54367
74 3307 10305 75-MTC TRL------ D 04/20/89 79652 29875X
74 3311 10230 77-LUBB TRL-LUBB- 06/01/77 59539 B29020
74 3316 10108 77-MTC TRL-MTC-- 07/05/83 80182 E54368
74 3317 10233 75-MTC TRL-MTC-- 06/01/75 79696 E54370
74 3367 00872 87-INT. TRAC 9370- D 04/04/91 2HSFBGTR2HC000116 RH2338
74 3369 00779 88-INT. TRAC 4300- D 04/04/91 2HSFBG2R8JC010964 RH2339
74 3375 06198 88-INT. TRAC 9670- D 10/10/88 1HSRDBNR5KH630428 BP0123
74 3379 06182 88-INT. TRAC 9300- D 12/30/88 2HSFEX2R5KCO26189 BP0160
74 3381 06493 90-INT. TRAC 9300- D 09/28/89 2HSFEZCR4LC037065 RH2341
74 3382 06495 89-INT. TRAC 9300- D 09/28/89 2HSFEZCR6LC037066 BN9690
74 3421 10244 70-GORB TRL-GORB- 11/01/79 70190F374811 E54364
74 3422 10245 67-ARRO TRL-AROW- 10/01/79 360006 E54369
74 3423 10246 77-TRAM TRL- TRAIL 06/01/77 414086 65774T
74 3424 10247 71-GORB TRL-GORB- 06/01/71 71099F377104 46208W
75 0951 06040 85-FORD BULK F-800 P 02/04/86 1FDXF8287FVA65580 BN9644
75 9074 31977 93-H&H TRL-10-HD 08/23/93 1H91016S7P1018916
89 3303 30196 68-FRUE TRL-SUP-- 09/18/90 303-66/OMF34140 521915
89 3366 06313 87-INT. TRAC 9670 D 06/08/87 1HSRDX2ROHH515956 LG6029
150 0311 10021 74-BRIN TRL-10-HD 06/01/74 742595D B92426
150 0810 10062 80-H&H TRL-ELEC- 04/01/80 80502-DKW 93985B
150 2771 06308 87-FORD BULK F-800 P 10/01/87 1FDXF8288HVA35720 BP0182
150 9037 06306 87-FORD BULK F-800 P 10/15/87 1FDXF8285HVA35724 BP0186
</TABLE>
<PAGE> 107
<TABLE>
<CAPTION>
EMRO PROPANE COMPANY
OWNED VEHICLES
BR VEHICLE # EMRO ID YEAR/MAKE DESCRIPTION FUEL TYPE IN SERVICE VEHICLE ID # LICENSE #
<S> <C> <C> <C> <C> <C> <C> <C> <C>
151 0310 10020 53-BRIN TRL 53046 6157Q
151 0114 10005 80-H&H TRL-10HW 01/01/80 80501DKW 90302S
151 0407 10028 93-HOME TRL-10-HD 06/01/73 73030E C86481
151 0805 10058 68-BRIN TRL-TNK T 06/01/73 688088S 22728M
151 1406 10449 82-INT. STAK S-170 P 05/01/82 2HTAA1782CCA16363 BN9825
151 2171 06303 87-FORD BULK F-800 P 09/24/87 1FDXF8281HVA35722 BPO181
152 4064 30200 86-FORD SERV CLUB P 12/19/89 1FTHX26L5GKA42092 PV135E
152 4512 10080 83-H&H TRL-1--HD 02/01/83 82748 HDW T577FK
152 4712 10345 70-H&H TRL-DUAL 04/20/89 81653 T582FK
152 5321 30201 82-FORD SERV 800-B P 04/09/87 1FDPN8075CVA17343 PV142E
152 9035 06309 87-FORD BULK F-800 P 10/07/87 2FDXF8287HVA35725 BPO184
153 1001 10074 76-BRIN TRL-10-HD 06/01/78 76255 16439C
153 3727 30182 81-FORD BULK LN-80 P 09/25/90 1FDNN7089BVJ1458 13563E
153 4041 30202 84-FORD BULK N80C P 12/19/89 1FDXN808XEVA57994 BPO283
156 5041 10083 84-FORD BULK LN800 P 07/08/86 1FDPN8089EVA58568 7671J
156 5346 30197 71-BRIN TRL-MANUA 07/17/90 710395 728050
156 5721 10007 83-FORD BULK LN 70 P 11/05/87 1FDNN7072DVA06027 20553H
156 7001 30229 87-INT. BULK BULK D 1HTLDUXP4HH519399 13272E
158 3364 06256 87-INT. TRAC 9670 D 09/25/86 1HSRDT4R9HHB12101 RF8635
158 3400 31030 91-HOME TRL- -PROV 08/08/91 22466 B91938
158 3401 32620 94-HOME TRL- -PROV 05/12/94 25262
</TABLE>
NUMBER OF VEHICLES LISTED: 225
SUPPLEMENTAL VEHICLE LISTING: 33
VEHICLES PURCHASED BUT NOT YET RECEIVED: 7
---
TOTAL VEHICLES: 265
===
<PAGE> 108
EMRO PROPANE COMPANY
SUPPLEMENTAL VEHICLE LISTING
FOR PERIOD ENDING JULY 31, 1994
<TABLE>
<CAPTION>
BRANCH
YEAR MAKE SERIAL NUMBER NUMBER
<S> <C> <C> <C>
1995 FORD F700 1FDXF7089SVA03850 16
1995 FORD F700 1FDXF708XSVA03842 03
1995 FORD F700 1FDXF7088SVA03855 06
1995 FORD F700 1FDXF7087SVA03720 13
1995 FORD F700 1FDXF7080SVA03719 28
1995 FORD F700 1FDXF7089SVA03718 01
1995 FORD F700 1FDXF7084SVA03531 21
1995 FORD F700 1FDXF7082SVA03530 14
1995 FORD F700 1FDXF7082SVA02992 90
1995 FORD F700 1FDXF7080SVA02991 19
1995 FORD F700 1FDXF7089SVA03721 60
1995 FORD F700 1FDXF7086SVA03532 04
1995 FORD F700 1FDXF7085SVA03845 54
1995 FORD F700 1FDXF7080SVA03848 65
1995 FORD F700 1FDXF7082SVA03849 10
1995 FORD F700 1FDXF7089SVA03847 90
1995 FORD F700 1FDXF7087SVA03846 90
1995 FORD F700 1FDXF708XSVA03856 25
1995 FORD F700 1FDXF7086SVA03854 05
1995 FORD F700 1FDXF7084SVA03853 90
1995 FORD F700 1FDXF7082SVA03852 20
1995 FORD F700 1FDXF7080SVA03851 09
1995 FORD F700 1FDXF7086SVA03529 22
1995 FORD F700 1FDXF7081SVA03857 02
1995 FORD F700 1FDXF7087SVA03863 45
1995 FORD F700 1FDXF7089SVA03864 46
1995 FORD F700 1FDXF7083SVA03861 45
1995 FORD F700 1FDXF7085SVA03859 40
1995 FORD F700 1FDXF7085SVA03862 43
1995 FORD F700 1FDXF7081SVA03860 42
1995 FORD F700 1FDXF7083SVA03858 43
1995 FORD F700 1FDXF7083SVA03844 59
1995 FORD F700 1FDXF7081SVA03843 57
</TABLE>
<PAGE> 109
EMRO PROPANE COMPANY
TRANSPORT VEHICLES PURCHASE BUT NOT YET RECEIVED
AS OF JULY 31, 1994
<TABLE>
<Cption>
YEAR MAKE SERIAL # BRANCH
- ---- ---- -------- ------
<S> <C> <C> <C>
1995 INTERNATIONAL 9400 UNKNOWN 33 TRANSPORT
1995 INTERNATIONAL 9400 UNKNOWN 33 TRANSPORT
1995 INTERNATIONAL 9400 UNKNOWN 33 TRANSPORT
1995 INTERNATIONAL 9400 UNKNOWN 33 TRANSPORT
1995 INTERNATIONAL 9400 UNKNOWN 33 TRANSPORT
1995 INTERNATIONAL 8200 UNKNOWN 24 WAREHOUSE
1995 INTERNATIONAL 4700 UNKNOWN 52 WAREHOUSE (CASEY)
</TABLE>
<PAGE> 110
Page 1
EMRO PROPANE LEASED VEHICLES
<TABLE>
<CAPTION>
VEHICLE
UNIT IDENTIFICATION
CNT NUMBER YEAR MAKE MODEL NUMBER DESCRIPTION SCHEDULE NAME
- --- ------ ---- ----------- -------------- ----------------- ---------------------- ------------------
<S> <C> <C> <C> <C> <C> <C> <C>
1 31123 1992 FORD F700G 1FDXF70J7NVA20430 MEDIUM DUTY TRUCK GELCO 08
2 31108 1992 FORD F700G 1FDXF70J0NVA20429 MEDIUM DUTY TRUCK GELCO 08
3 31121 1992 FORD F700G 1FDXF70J9NVA20431 MEDIUM DUTY TRUCK GELCO 08
4 31251 1993 NAVISTAR 9300 2HSFELSR6PC065065 TRACTOR GELCO 13
5 31250 1993 NAVISTAR 9300 2HSFELSR8PC065066 TRACTOR GELCO 13
6 31249 1993 NAVISTAR 9300 2HSFELSR4PC066064 TRACTOR GELCO 13
7 31118 1992 FORD F700G 1FDXF70J7NVA27099 MEDIUM DUTY TRUCK GELCO 15
8 31115 1992 FORD F700G 1FDXF70J9NVA27105 MEDIUM DUTY TRUCK GELCO 15
9 31126 1992 FORD F700G 1FDXF70J7NVA27104 MEDIUM DUTY TRUCK GELCO 15
10 31117 1992 FORD F700G 1FDXF70J1NVA20939 MEDIUM DUTY TRUCK GELCO 15
11 31116 1992 FORD F700G 1FDXF70J9NVA20798 MEDIUM DUTY TRUCK GELCO 16
12 31122 1992 FORD F700G 1FDXF70J8NVA20940 MEDIUM DUTY TRUCK GELCO 17
13 31120 1992 FORD F700G 1FDXF70JXNVA20938 MEDIUM DUTY TRUCK GELCO 17
14 31119 1992 FORD F700G 1FDXF70J8NVA20937 MEDIUM DUTY TRUCK GELCO 17
15 31111 1992 FORD F700G 1FDXF70J1NVA27101 MEDIUM DUTY TRUCK GELCO 18
16 31112 1992 FORD F700G 1FDXF10J0NVA27106 MEDIUM DUTY TRUCK GELCO 18
17 31114 1992 FORD F700G 1FDXF70J5NVA27103 MEDIUM DUTY TRUCK GELCO 18
18 31110 1992 FORD F700G 1FDXF70JXNVA27100 MEDIUM DUTY TRUCK GELCO 18
19 31113 1992 FORD F700G 1FDXF70J2NVA27107 MEDIUM DUTY TRUCK GELCO 18
20 31104 1992 FORD F700G 1FDXF70J9NVA20428 MEDIUM DUTY TRUCK GELCO 18
21 31107 1992 FORD F700G 1FDXF70J3NVA27102 MEDIUM DUTY TRUCK GELCO 18
22 31105 1992 FORD F700G 1FDXF70J4NVA27108 MEDIUM DUTY TRUCK GELCO 18
23 31106 1992 FORD F700G 1FDXF70J5NVA27098 MEDIUM DUTY TRUCK GELCO 18
24 31109 1992 FORD F700G 1FDXF70J4NVA22085 MEDIUM DUTY TRUCK GELCO 18
25 31124 1992 FORD F700G 1FDXF70J0NVA20432 MEDIUM DUTY TRUCK GELCO 18
26 31125 1992 FORD F700G 1FDXF70J2NVA20433 MEDIUM DUTY TRUCK GELCO 18
27 31103 1992 FORD F700G 1FDXF7085PVA02458 MEDIUM DUTY TRUCK GELCO 19
28 31759 1993 FORD F700G 1FDXF7088PVA28052 MEDIUM DUTY TRUCK GELCO 28
29 31760 1993 FORD F700G 1FDXF7085PVA27778 MEDIUM DUTY TRUCK GELCO 28
30 31761 1993 FORD F700G 1FDXF7081PVA27776 MEDIUM DUTY TRUCK GELCO 28
31 31789 1993 FORD F700G 1FDXF7088PVA27774 MEDIUM DUTY TRUCK GELCO 28
32 31762 1993 FORD F700G 1FDXF7086PVA28051 MEDIUM DUTY TRUCK GELCO 28
33 31755 1993 FORD F700G 1FDXF7081PVA28054 MEDIUM DUTY TRUCK GELCO 28
34 31786 1993 FORD F700G 1FDXF7084PVA27772 MEDIUM DUTY TRUCK GELCO 28
35 31787 1993 FORD F700G 1FDXF708XPVA27775 MEDIUM DUTY TRUCK GELCO 28
36 31788 1993 FORD F700G 1FDXF7086PVA27773 MEDIUM DUTY TRUCK GELCO 28
</TABLE>
29-Jul-94
<PAGE> 111
Page 2
EMRO PROPANE LEASED VEHICLES
<TABLE>
<CAPTION>
VEHICLE
UNIT IDENTIFICATION
CNT NUMBER YEAR MAKE MODEL NUMBER DESCRIPTION SCHEDULE NAME
- --- ------ ---- ----------- -------------- ----------------- ---------------------- ------------------
<S> <C> <C> <C> <C> <C> <C> <C>
37 31785 1993 FORD F700G 1FDXF708XPVA28053 MEDIUM DUTY TRUCK GELCO 28
38 31783 1993 FORD F700G 1FDXF7083PVA27777 MEDIUM DUTY TRUCK GELCO 28
39 31781 1993 FORD F700G 1FDXF7083PVA28055 MEDIUM DUTY TRUCK GELCO 28
40 31782 1993 FORD F700G 1FDXF7083PVA28959 MEDIUM DUTY TRUCK GELCO 31
41 31784 1993 FORD F700G 1FDXF7089PVA28965 MEDIUM DUTY TRUCK GELCO 31
42 31764 1993 FORD F700G 1FDXF7088PVA34126 MEDIUM DUTY TRUCK GELCO 31
43 31763 1993 FORD F700G 1FDXF7087PVA28964 MEDIUM DUTY TRUCK GELCO 31
44 31791 1993 FORD F700G 1FDXF7080PVA28966 MEDIUM DUTY TRUCK GELCO 31
45 31758 1993 FORD F700G 1FDXF708XPVA28960 MEDIUM DUTY TRUCK GELCO 31
46 31757 1993 FORD F700G 1FDXF7081PVA28961 MEDIUM DUTY TRUCK GELCO 31
47 31756 1993 FORD F700G 1FDXF7083PVA28962 MEDIUM DUTY TRUCK GELCO 31
48 31790 1993 FORD F700G 1FDXF7085PVA28963 MEDIUM DUTY TRUCK GELCO 31
49 31974 1994 NAVISTAR 9400 2HSFHLSR5RC083759 6X4 TRACTOR GELCO 34
50 31976 1994 NAVISTAR 9400 2HSFHLSR3RC063761 6X4 TRACTOR GELCO 34
51 31975 1994 NAVISTAR 9400 2HSFHLSR1RC083760 6X4 TRACTOR GELCO 34
52 6415 1989 FRUEHAUF FRUVAN 1H2V04828KB020501 48' VAN TRAILER PBCC 813
53 6500 1990 FORD F800 1FDXF7084LVA30827 HEAVY DUTY TRUCK PBCC 829
54 6534 1990 FORD F800 1FDXF8282LVA29372 HEAVY DUTY TRUCK PBCC 829
55 6533 1990 FORD F800 1FDXF8288LVA30512 HEAVY DUTY TRUCK PBCC 829
56 6542 1990 FORD F800 1FDXF8283LVA29154 HEAVY DUTY TRUCK PBCC 829
57 6541 1990 FORD F800 1FDXF8280LVA29371 HEAVY DUTY TRUCK PBCC 829
58 30012 1990 FORD F800 1FDXF8285LVA30516 HEAVY DUTY TRUCK PBCC 829
59 30011 1990 FORD F800 1FDXF828XLVA36179 HEAVY DUTY TRUCK PBCC 829
60 6543 1990 FORD F800 1FDXF8286LVA36180 HEAVY DUTY TRUCK PBCC 829
61 6539 1990 FORD F800 1FDXF8284LVA29373 HEAVY DUTY TRUCK PBCC 829
62 6538 1990 FORD F800 1FDXF828XLVA30849 HEAVY DUTY TRUCK PBCC 829
63 6548 1990 FORD F800 1FDXF828XLVA28700 HEAVY DUTY TRUCK PBCC 829
64 6536 1990 FORD F800 1FDXF8288LVA31210 HEAVY DUTY TRUCK PBCC 829
65 6535 1990 FORD F800 1FDXF8280LVA33792 HEAVY DUTY TRUCK PBCC 829
66 6547 1990 FORD F800 1FDXF8284LVA31396 HEAVY DUTY TRUCK PBCC 829
67 6532 1990 FORD F800 1FDXF828XLVA30513 HEAVY DUTY TRUCK PBCC 829
68 6546 1990 FORD F800 1FDXF8282LVA30845 HEAVY DUTY TRUCK PBCC 829
69 6531 1990 FORD F800 1FDXF8283LVA30515 HEAVY DUTY TRUCK PBCC 829
70 6530 1990 FORD F800 1FDXF8284LVA30166 HEAVY DUTY TRUCK PBCC 829
71 6510 1990 FORD F800 1FDXF8281LVA30514 HEAVY DUTY TRUCK PBCC 829
72 30010 1990 FORD F800 1FDXF8282LVA30165 HEAVY DUTY TRUCK PBCC 829
</TABLE>
29-Jul-94
<PAGE> 112
Page 3
EMRO PROPANE LEASED VEHICLES
<TABLE>
<CAPTION>
VEHICLE
UNIT IDENTIFICATION
CNT NUMBER YEAR MAKE MODEL NUMBER DESCRIPTION SCHEDULE NAME
- --- ------ ---- ----------- -------------- ----------------- ---------------------- ------------------
<S> <C> <C> <C> <C> <C> <C> <C>
73 6545 1990 FORD F800 1FDXF828XLVA31211 HEAVY DUTY TRUCK PBCC 829
74 6544 1990 FORD F800 1FDXF8282LVA31753 HEAVY DUTY TRUCK PBCC 829
75 30013 1991 FORD F700 1FDXF7084MVA02575 MEDIUM DUTY TRUCK PBCC 831
76 30058 1991 NAVISTAR 4900C 1HTSDZ7N6MH338063 MEDIUM DUTY TRUCK PBCC 836
77 30540 1991 FORD F800 1FDXF8285MVA12169 HEAVY DUTY TRUCK PBCC 844
78 30548 1991 FORD F800 1FDXF828XMVA13261 HEAVY DUTY TRUCK PBCC 844
79 30549 1991 FORD F800 1FDXF8286MVA13662 HEAVY DUTY TRUCK PBCC 845
80 30555 1991 FORD F800 1FDXF828XMVA11123 HEAVY DUTY TRUCK PBCC 845
81 30554 1991 FORD F800 1FDXF8288MVA11122 HEAVY DUTY TRUCK PBCC 845
82 30539 1991 FORD F700 1FDXF708XMVA10969 MEDIUM DUTY TRUCK PBCC 845
83 30538 1991 FORD F700 1FDXF7088MVA10968 MEDIUM DUTY TRUCK PBCC 845
84 30537 1991 FORD F700 1FDXF7086MVA10967 MEDIUM DUTY TRUCK PBCC 845
85 30536 1991 FORD F700 1FDXF7084MVA10966 MEDIUM DUTY TRUCK PBCC 845
86 30546 1991 FORD F800 1FDXF8281MVA13259 HEAVY DUTY TRUCK PBCC 849
87 30544 1991 FORD F800 1FDXF828XMVA13258 HEAVY DUTY TRUCK PBCC 849
88 30552 1991 FORD F800 1FDXF8284MVA11120 HEAVY DUTY TRUCK PBCC 849
89 30553 1991 FORD F800 1FDXF8286MVA11121 HEAVY DUTY TRUCK PBCC 849
90 30541 1991 FORD F800 1FDXF8284MVA12462 HEAVY DUTY TRUCK PBCC 849
91 30550 1991 FORD F800 1FDXF8288MVA13663 HEAVY DUTY TRUCK PBCC 849
92 30551 1991 FORD F800 1FDXF8288MVA11119 HEAVY DUTY TRUCK PBCC 849
93 30556 1991 FORD F800 1FDXF8281MVA11124 HEAVY DUTY TRUCK PBCC 851
94 30543 1991 FORD F800 1FDXF8288MVA13257 HEAVY DUTY TRUCK PBCC 851
95 30557 1991 FORD F800 1FDXF8283MVA11125 HEAVY DUTY TRUCK PBCC 851
96 30545 1991 FORD F800 1FDSF8289MVA14756 HEAVY DUTY TRUCK PBCC 851
97 30542 1991 FORD F800 1FDSF8286MVA13256 HEAVY DUTY TRUCK PBCC 851
98 30547 1991 FORD F800 1FDXF8288MVA13260 HEAVY DUTY TRUCK PBCC 851
99 30648 1992 NAVISTAR 9300 2HSFELSR2NCO56604 6X4 TRACTOR PBCC 858
100 30647 1992 NAVISTAR 9300 2HSFELSRONCO56603 6X4 TRACTOR PBCC 858
101 30937 1992 TRAILMOBILE 01AA1UAL 1PTO1AAH9N9006504 TRAILER PBCC 862
102 6461 1989 FORD F800 1FDXF8284KVA42333 HEAVY DUTY TRUCK CITIZENS LEASING 1
103 6459 1989 FORD F800 1FDXF8286KVA42334 HEAVY DUTY TRUCK CITIZENS LEASING 1
104 6454 1989 FORD F800 1FDXF8288KVA42335 HEAVY DUTY TRUCK CITIZENS LEASING 1
105 6452 1989 FORD F800 1FDXF828XKVA42336 HEAVY DUTY TRUCK CITIZENS LEASING 1
106 6455 1989 FORD F800 1FDXF8281KVA42337 HEAVY DUTY TRUCK CITIZENS LEASING 1
107 6451 1989 FORD F800 1FDXF8285KVA42339 HEAVY DUTY TRUCK CITIZENS LEASING 1
108 6458 1989 FORD F800 1FDXF8281KVA42340 HEAVY DUTY TRUCK CITIZENS LEASING 1
</TABLE>
29-Jul-94
<PAGE> 113
Page 4
EMRO PROPANE LEASED VEHICLES
<TABLE>
<CAPTION>
VEHICLE
UNIT IDENTIFICATION
CNT NUMBER YEAR MAKE MODEL NUMBER DESCRIPTION SCHEDULE NAME
- --- ------ ---- ----------- -------------- ----------------- ---------------------- ------------------
<S> <C> <C> <C> <C> <C> <C> <C>
109 6460 1989 FORD F800 1FDXF8283KVA42341 HEAVY DUTY TRUCK CITIZENS LEASING 1
110 6456 1989 FORD F800 1FDXF8285KVA42342 HEAVY DUTY TRUCK CITIZENS LEASING 1
111 6457 1989 FORD F800 1FDXF8287KVA42343 HEAVY DUTY TRUCK CITIZENS LEASING 1
112 6462 1989 FORD F800 1FDXF8280KVA42345 HEAVY DUTY TRUCK CITIZENS LEASING 1
113 4298 1985 FORD F150 2FTCF15N0FCB14488 FULL SIZE PICKUP TRUCK WHEELS
114 4302 1985 FORD F250 2FTEF26H4FCB14890 FULL SIZE PICKUP TRUCK WHEELS
115 4303 1985 FORD F250 2FTEF25H5FCB10865 FULL SIZE PICKUP TRUCK WHEELS
116 4306 1985 FORD F250 2FTEF25H8FCB14490 FULL SIZE PICKUP TRUCK WHEELS
117 4309 1985 FORD F350 2FDKF37H6FCB13968 FULL SIZE PICKUP TRUCK WHEELS
118 4310 1985 FORD F350 2FDKF37H8FCB13969 FULL SIZE PICKUP TRUCK WHEELS
119 4972 1986 FORD F250 2FTHF26H6GCB25341 FULL SIZE PICKUP TRUCK WHEELS
120 4973 1986 FORD F250 2FTHF25H8GCB12971 FULL SIZE PICKUP TRUCK WHEELS
121 4978 1986 FORD F250 2FTEF25H5GCB38800 FULL SIZE PICKUP TRUCK WHEELS
122 4979 1986 FORD F250 2FTEF25H7GCB38801 FULL SIZE PICKUP TRUCK WHEELS
123 4980 1986 FORD F250 1FTEF25H4GPB56347 FULL SIZE PICKUP TRUCK WHEELS
124 4983 1986 FORD F250 2FTHF26H1GCB25344 FULL SIZE PICKUP TRUCK WHEELS
125 4986 1986 FORD F350 2FDKF37H0GCB32596 FULL SIZE PICKUP TRUCK WHEELS
126 4989 1986 FORD F350 2FTHF26H8GCB23817 FULL SIZE PICKUP TRUCK WHEELS
127 4991 1986 FORD F250 2FTHF26H8GCB25342 FULL SIZE PICKUP TRUCK WHEELS
128 4992 1986 FORD F350 2FDKF37H9GCB32595 FULL SIZE PICKUP TRUCK WHEELS
129 4993 1986 FORD F350 2FDKF37H5GCB32593 FULL SIZE PICKUP TRUCK WHEELS
130 4994 1986 FORD F350 2FDKF37HXGCB35618 FULL SIZE PICKUP TRUCK WHEELS
131 4995 1986 FORD F350 2FDKF37H8GCB35620 FULL SIZE PICKUP TRUCK WHEELS
132 4996 1986 FORD F350 2FDKF37H1GCB35619 FULL SIZE PICKUP TRUCK WHEELS
133 4997 1986 FORD F350 2FDKF37H7GCB32594 FULL SIZE PICKUP TRUCK WHEELS
134 5455 1987 FORD F350 1FDKF37H8HKB17535 FULL SIZE PICKUP TRUCK WHEELS
135 5456 1987 FORD F350 1FDKF37H6HKB20773 FULL SIZE PICKUP TRUCK WHEELS
136 5458 1987 FORD F250 2FTHF26H2HCA68539 FULL SIZE PICKUP TRUCK WHEELS
137 5459 1987 FORD F250 2FTHF26H2HCA83946 FULL SIZE PICKUP TRUCK WHEELS
138 5460 1987 FORD F250 2FTEF25H1HCA78337 FULL SIZE PICKUP TRUCK WHEELS
139 5463 1987 FORD F250 2FTEF25H8HCA78335 FULL SIZE PICKUP TRUCK WHEELS
140 5464 1987 FORD F250 2FTEF25H5HCA83945 FULL SIZE PICKUP TRUCK WHEELS
141 5466 1987 FORD F250 2FTEF25H7HCA76673 FULL SIZE PICKUP TRUCK WHEELS
142 5467 1987 FORD F250 2FTEF26H6HCA78334 FULL SIZE PICKUP TRUCK WHEELS
143 5501 1986 CHEV EL CAMINO 3GCCW80Z0GS916950 CAR WHEELS
144 5689 1988 FORD F250 2FTEF25H8JCA25866 FULL SIZE PICKUP TRUCK WHEELS
</TABLE>
29-Jul-94
<PAGE> 114
Page 5
EMRO PROPANE LEASED VEHICLES
<TABLE>
<CAPTION>
VEHICLE
UNIT IDENTIFICATION
CNT NUMBER YEAR MAKE MODEL NUMBER DESCRIPTION SCHEDULE NAME
- --- ------ ---- ----------- -------------- ----------------- ---------------------- ------------------
<S> <C> <C> <C> <C> <C> <C> <C>
145 5694 1988 FORD F150 1FTDF15N3JKA46325 FULL SIZE PICKUP TRUCK WHEELS
146 6065 1988 FORD F800 1FDXF8280JVA33398 HEAVY DUTY TRUCK WHEELS
147 6072 1988 FORD F800 1FDXF8282JVA33399 HEAVY DUTY TRUCK WHEELS
148 6079 1988 FORD F800 1FDXF8284JVA32335 HEAVY DUTY TRUCK WHEELS
149 6082 1988 FORD F800 1FDXF828XJVA33392 HEAVY DUTY TRUCK WHEELS
150 6083 1988 FORD F800 1FDXF8283JVA33394 HEAVY DUTY TRUCK WHEELS
151 6090 1988 FORD F800 1FDXF8289JVA33397 HEAVY DUTY TRUCK WHEELS
152 6093 1988 FORD F800 1FDXF8280JVA33403 HEAVY DUTY TRUCK WHEELS
153 6098 1988 FORD F800 1FDXF8285JVA33395 HEAVY DUTY TRUCK WHEELS
154 6099 1988 FORD F800 1FDXF8289JVA33402 HEAVY DUTY TRUCK WHEELS
155 6102 1988 FORD F800 1FDXF8285JVA33400 HEAVY DUTY TRUCK WHEELS
156 6103 1988 FORD F800 1FDXF8281JVA33393 HEAVY DUTY TRUCK WHEELS
157 6104 1988 FORD F800 1FDXF8280JVA32333 HEAVY DUTY TRUCK WHEELS
158 6105 1988 FORD F800 1FDXF8282JVA32334 HEAVY DUTY TRUCK WHEELS
159 6106 1988 FORD F800 1FDXF8287JVA33396 HEAVY DUTY TRUCK WHEELS
160 7250 1988 FORD F250 1FTEF25H6JNB75694 FULL SIZE PICKUP TRUCK WHEELS
161 7251 1988 FORD F250 2FTEF25H3JCB30329 FULL SIZE PICKUP TRUCK WHEELS
162 7252 1988 FORD F250 2FTEF25H0JCB34080 FULL SIZE PICKUP TRUCK WHEELS
163 7253 1988 FORD F250 2FTEF25HXJCB30330 FULL SIZE PICKUP TRUCK WHEELS
164 7254 1988 FORD F250 2FTEF25H8JCB30326 FULL SIZE PICKUP TRUCK WHEELS
165 7255 1988 FORD F250 2FTEF25HXJCB30327 FULL SIZE PICKUP TRUCK WHEELS
166 7256 1988 FORD F250 2FTEF25H1JCB30328 FULL SIZE PICKUP TRUCK WHEELS
167 7258 1988 FORD F250 2FTEF25H2JCB34081 FULL SIZE PICKUP TRUCK WHEELS
168 7259 1988 FORD F250 2FTHF25H0JCB24760 FULL SIZE PICKUP TRUCK WHEELS
169 7260 1988 FORD F250 2FTHF26H4JCB24759 FULL SIZE PICKUP TRUCK WHEELS
170 7263 1988 FORD F250 2FTHF26H8JCB24764 FULL SIZE PICKUP TRUCK WHEELS
171 7264 1988 FORD F250 2FTHF26H6JCB24763 FULL SIZE PICKUP TRUCK WHEELS
172 7265 1988 FORD F250 2FTHF26H4JCB24762 FULL SIZE PICKUP TRUCK WHEELS
173 7266 1988 FORD F350 2FDKF37H4JCB24766 FULL SIZE PICKUP TRUCK WHEELS
174 7267 1988 FORD F350 1FDKF37H2JNB70011 FULL SIZE PICKUP TRUCK WHEELS
175 7268 1988 FORD F350 2FDKF37H6JCB24767 FULL SIZE PICKUP TRUCK WHEELS
176 7269 1988 FORD F350 2FDKF37H8JCB24768 FULL SIZE PICKUP TRUCK WHEELS
177 7270 1988 FORD F350 1FDKF37H9JNB59653 FULL SIZE PICKUP TRUCK WHEELS
178 7271 1988 FORD F350 1FDKF37H0JNB70010 FULL SIZE PICKUP TRUCK WHEELS
179 32219 1994 FORD F250 2FTHF25HXRCA13761 FULL SIZE PICKUP TRUCK PHH
180 32337 1994 FORD F250 2FTHF26H4RCA67703 FULL SIZE PICKUP TRUCK PHH
</TABLE>
29-Jul-94
<PAGE> 115
Page 6
EMRO PROPANE LEASED VEHICLES
<TABLE>
<CAPTION>
VEHICLE
UNIT IDENTIFICATION
CNT NUMBER YEAR MAKE MODEL NUMBER DESCRIPTION SCHEDULE NAME
- --- ------ ---- ----------- -------------- ----------------- ---------------------- ------------------
<S> <C> <C> <C> <C> <C> <C> <C>
181 32339 1994 FORD F250 2FTHF26H8RCA63606 FULL SIZE PICKUP TRUCK PHH
182 32341 1994 FORD F250 2FTHF26H2RCA67702 FULL SIZE PICKUP TRUCK PHH
183 32342 1994 FORD F250 2FTHF26H0RCA67701 FULL SIZE PICKUP TRUCK PHH
184 32345 1994 FORD F250 2FTHF26H9RCA67700 FULL SIZE PICKUP TRUCK PHH
185 32347 1994 FORD F250 2FTHF26H6RCA67699 FULL SIZE PICKUP TRUCK PHH
186 32348 1994 FORD F250 2FTHF26H4RCA67698 FULL SIZE PICKUP TRUCK PHH
187 32350 1994 FORD F250 2FTHF26H2RCA67697 FULL SIZE PICKUP TRUCK PHH
188 32355 1994 FORD F250 2FTHF25H0RCA63603 FULL SIZE PICKUP TRUCK PHH
189 32360 1994 FORD F250 2FTHF25H9RCA65592 FULL SIZE PICKUP TRUCK PHH
190 32361 1994 FORD F250 2FTHF25H7RCA65591 FULL SIZE PICKUP TRUCK PHH
191 32362 1994 FORD F250 2FTHF25H5RCA65590 FULL SIZE PICKUP TRUCK PHH
192 32369 1994 FORD F350 2FDKF37H6RCA65599 FULL SIZE PICKUP TRUCK PHH
193 32370 1994 FORD F350 2FDKF37H4RCA65598 FULL SIZE PICKUP TRUCK PHH
194 32371 1994 FORD F350 2FDKF37H2RCA65597 FULL SIZE PICKUP TRUCK PHH
195 32374 1994 FORD F350 2FDKF38G7RCA70879 FULL SIZE PICKUP TRUCK PHH
196 32376 1994 FORD F350 2FDKF37H0RCA65596 FULL SIZE PICKUP TRUCK PHH
197 32377 1994 FORD F350 2FDKF37H9RCA65595 FULL SIZE PICKUP TRUCK PHH
198 32378 1994 FORD F350 2FDKF38G5RCA70878 FULL SIZE PICKUP TRUCK PHH
199 32380 1994 CHEV C1500 1GCDC14Z5RZ256439 FULL SIZE PICKUP TRUCK PHH
200 32381 1994 CHEV C1500 1GCDC14Z7RZ256524 FULL SIZE PICKUP TRUCK PHH
201 32382 1994 CHEV C1500 1GCDC14Z7RZ256393 FULL SIZE PICKUP TRUCK PHH
202 32383 1994 CHEV C1500 1GCDC14Z5RZ256327 FULL SIZE PICKUP TRUCK PHH
203 32384 1994 CHEV C1500 1GCDC14ZXRZ256386 FULL SIZE PICKUP TRUCK PHH
204 32385 1994 CHEV C1500 1GCDC14ZXRZ256257 FULL SIZE PICKUP TRUCK PHH
205 7462 1989 FORD F250 2FTEF25H5KCA65873 FULL SIZE PICKUP TRUCK PHH
206 7619 1989 FORD F700 1FDWF7089KVA26346 MEDIUM DUTY TRUCK PHH
207 7752 1989 FORD F250 1FTEF25H4KNB42470 FULL SIZE PICKUP TRUCK PHH
208 7753 1989 FORD F250 2FTEF25H0KCB02733 FULL SIZE PICKUP TRUCK PHH
209 7754 1989 FORD F250 1FTEF25H9KNB47292 FULL SIZE PICKUP TRUCK PHH
210 7755 1989 FORD F250 2FTEF25H2KCB02734 FULL SIZE PICKUP TRUCK PHH
211 7756 1989 FORD F250 2FTEF25H4KCB02735 FULL SIZE PICKUP TRUCK PHH
212 7757 1989 FORD F250 2FTEF25H6KCB02736 FULL SIZE PICKUP TRUCK PHH
213 7758 1989 FORD F250 1FTEF25H7KNB47291 FULL SIZE PICKUP TRUCK PHH
214 7759 1989 FORD F250 1FTEF25H0KNB47309 FULL SIZE PICKUP TRUCK PHH
215 7760 1989 FORD F250 2FTHF26H2KCB09517 FULL SIZE PICKUP TRUCK PHH
216 7761 1989 FORD F250 2FTHF26H7KCB09514 FULL SIZE PICKUP TRUCK PHH
</TABLE>
29-Jul-94
<PAGE> 116
Page 7
EMRO PROPANE LEASED VEHICLES
<TABLE>
<CAPTION>
VEHICLE
UNIT IDENTIFICATION
CNT NUMBER YEAR MAKE MODEL NUMBER DESCRIPTION SCHEDULE NAME
- --- ------ ---- ----------- -------------- ----------------- ---------------------- ------------------
<S> <C> <C> <C> <C> <C> <C> <C>
217 7762 1989 FORD F250 2FTHF26H1KCB02011 FULL SIZE PICKUP TRUCK PHH
218 7763 1989 FORD F250 2FTHF26H3KCB02012 FULL SIZE PICKUP TRUCK PHH
219 7764 1989 FORD F350D 2FDKF37H5KCB09520 FULL SIZE PICKUP TRUCK PHH
220 7765 1989 FORD F350D 2FDKF37H9KCB09519 FULL SIZE PICKUP TRUCK PHH
221 7766 1989 FORD F350D 2FDKF37H7KCB09518 FULL SIZE PICKUP TRUCK PHH
222 7812 1989 FORD CROWN VICTORIA 2FABP72F9KX198621 CAR PHH
223 7840 1989 FORD F250 1FTHF26H5KNB50993 FULL SIZE PICKUP TRUCK PHH
224 7842 1989 DODGE CARAVAN 2B4FK45J2KR343167 COMPACT PASSENGER VAN PHH
225 7843 1989 DODGE CARAVAN 2B4FK45J0KR343166 COMPACT PASSENGER VAN PHH
226 7844 1989 CHEV C/K1500 1GCDC14Z1KE226612 FULL SIZE PICKUP TRUCK PHH
227 7846 1989 CHEV C/K1500 1GCDC14Z4KE227575 FULL SIZE PICKUP TRUCK PHH
228 7847 1989 DODGE CARAVAN 2B4FK45J5KR344877 COMPACT PASSENGER VAN PHH
229 7898 1989 FORD F250 1FTEF25H4KNB57115 FULL SIZE PICKUP TRUCK PHH
230 7986 1989 CHEV C/K1500 1GCDC14Z1KZ101652 FULL SIZE PICKUP TRUCK PHH
231 8027 1989 FORD F250 1FTEF25H3KNB77081 FULL SIZE PICKUP TRUCK PHH
232 8157 1990 CHEV C/K1500 1GCDC14Z4LZ187170 FULL SIZE PICKUP TRUCK PHH
233 8206 1990 DODGE CARAVAN 2B4FK453BLR543697 COMPACT PASSENGER VAN PHH
234 8641 1990 FORD F150 1FTDF15N9LLA52689 FULL SIZE PICKUP TRUCK PHH
235 8653 1990 FORD A11 1FMCA11U0LZB68542 COMPACT PASSENGER VAN PHH
236 8654 1990 FORD A11 1FMCA11U2LZB68543 COMPACT PASSENGER VAN PHH
237 8661 1990 FORD F150 2FTDF1593LCB25987 FULL SIZE PICKUP TRUCK PHH
238 8663 1990 CHEV M10 1GNDM15ZBLB217699 COMPACT PASSENGER VAN PHH
239 8664 1990 FORD A11 1FMCA11U4LZB68544 COMPACT PASSENGER VAN PHH
240 8665 1990 FORD F150 2FTDF1591LCB25986 FULL SIZE PICKUP TRUCK PHH
241 8666 1990 CHEV M10 1GNDM15Z9LB221731 COMPACT PASSENGER VAN PHH
242 8667 1990 FORD A11 1FMCA11U4LZB68558 COMPACT PASSENGER VAN PHH
243 8668 1990 CHEV C/K1500 1GCDC14H0LZ264477 FULL SIZE PICKUP TRUCK PHH
244 8669 1990 FORD F150 1FTDF159XLKB46170 FULL SIZE PICKUP TRUCK PHH
245 8670 1990 FORD F150 2FTDF1597LCB26012 FULL SIZE PICKUP TRUCK PHH
246 8671 1990 FORD F250 2FTHF2594LCB26010 FULL SIZE PICKUP TRUCK PHH
247 8673 1990 FORD F250 2FTHF2596LCB26011 FULL SIZE PICKUP TRUCK PHH
248 8676 1990 FORD F250 2FTHF2592LCB26006 FULL SIZE PICKUP TRUCK PHH
249 8677 1990 FORD F250 2FTHF2594LCB26007 FULL SIZE PICKUP TRUCK PHH
250 8678 1990 FORD F250 2FTHF2596LCB26008 FULL SIZE PICKUP TRUCK PHH
251 8679 1990 FORD F250 2FTHF2598LCB26009 FULL SIZE PICKUP TRUCK PHH
252 8680 1990 FORD F250 1FTHF26H4LNB39372 FULL SIZE PICKUP TRUCK PHH
</TABLE>
29-Jul-94
<PAGE> 117
Page 8
EMRO PROPANE LEASED VEHICLES
<TABLE>
<CAPTION>
VEHICLE
UNIT IDENTIFICATION
CNT NUMBER YEAR MAKE MODEL NUMBER DESCRIPTION SCHEDULE NAME
- --- ------ ---- ----------- -------------- ----------------- ---------------------- ------------------
<S> <C> <C> <C> <C> <C> <C> <C>
253 8681 1990 FORD F250 1FTHF26H6LNB39373 FULL SIZE PICKUP TRUCK PHH
254 8682 1990 FORD F250 1FTHF26HXLNB39375 FULL SIZE PICKUP TRUCK PHH
255 8683 1990 FORD F350 1FDHF38G1LNB39383 FULL SIZE PICKUP TRUCK PHH
256 8684 1990 FORD F350D 1FDKF37H6LNB39380 FULL SIZE PICKUP TRUCK PHH
257 8685 1990 FORD F350D 1FDKF37H8LNB39381 FULL SIZE PICKUP TRUCK PHH
258 30029 1990 FORD A11 1FMCA11U6LZB68545 COMPACT PASSENGER VAN PHH
259 30062 1991 FORD F250 1FTHF25Y3MNA37628 FULL SIZE PASSENGER VAN PHH
260 30063 1991 FORD F250 1FTHF25Y0MNA34492 FULL SIZE PASSENGER VAN PHH
261 30064 1991 FORD F250 1FTHF25Y2MNA34493 FULL SIZE PASSENGER VAN PHH
262 30396 1991 FORD A11 1FMCA11U6MZA99194 COMPACT PASSENGER VAN PHH
263 30397 1991 FORD E350 1FDKE37H0MHA64565 FULL SIZE CARGO VAN PHH
264 30399 1991 DODGE CARAVAN 2B4GK45R7MR299759 COMPACT PASSENGER VAN PHH
265 30439 1991 FORD F350D 2FDKF37H7MCAB0251 FULL SIZE PICKUP TRUCK PHH
266 30440 1991 FORD F350D 2FDKF37H1MCAB0858 FULL SIZE PICKUP TRUCK PHH
267 30441 1991 FORD F350D 2FDKF37H5MCA76540 FULL SIZE PICKUP TRUCK PHH
268 30442 1991 FORD F250 2FTHF26H9MCA76535 FULL SIZE PICKUP TRUCK PHH
269 30443 1991 FORD F250 2FTHF26H0MCA76536 FULL SIZE PICKUP TRUCK PHH
270 30444 1991 FORD F250 2FTHF26H2MCA76537 FULL SIZE PICKUP TRUCK PHH
271 30445 1991 FORD F250 2FTHF26H7MCA80857 FULL SIZE PICKUP TRUCK PHH
272 30446 1991 FORD F250 2FTHF26H4MCA76538 FULL SIZE PICKUP TRUCK PHH
273 30447 1991 FORD F250 2FTHF26H6MCA76539 FULL SIZE PICKUP TRUCK PHH
274 30448 1991 FORD F250 2FTHF25H2MCA76541 FULL SIZE PICKUP TRUCK PHH
275 30449 1991 FORD F250 2FTHF25H4MCA76542 FULL SIZE PICKUP TRUCK PHH
276 30468 1991 CHEV LUMINA EURO 2G1WN54T5M9223796 CAR PHH
277 30469 1991 DODGE CARAVAN 2B4GK45R9MR313497 COMPACT PASSENGER VAN PHH
278 30471 1991 DODGE DYNASTY 1B3XC46R7MD280079 CAR PHH
279 30472 1991 FORD F150 1FTDF15Y5MLA65368 FULL SIZE PICKUP TRUCK PHH
280 30473 1991 FORD F150 1FTDF15Y7MLA65369 FULL SIZE PICKUP TRUCK PHH
281 30474 1991 FORD F150 1FTDF15Y3MLA65370 FULL SIZE PICKUP TRUCK PHH
282 30475 1991 CHEV M10 1GNDM15Z5MB198871 COMPACT PASSENGER VAN PHH
283 30476 1991 CHEV M10 1GNDM15Z3MB209477 COMPACT PASSENGER VAN PHH
284 30477 1991 CHEV M10 1GNDM15Z4MB208757 COMPACT PASSENGER VAN PHH
285 30478 1991 DODGE CARAVAN 2B4GK45R6MR320942 COMPACT PASSENGER VAN PHH
286 30481 1991 FORD F250 1FTHF25H6MLA64124 FULL SIZE PICKUP TRUCK PHH
287 31048 1992 FORD F350D 1FDFK37H4NNB05067 FULL SIZE PICKUP TRUCK PHH
288 31049 1992 FORD F350D 1FDKF37H2NNB05066 FULL SIZE PICKUP TRUCK PHH
</TABLE>
29-Jul-94
<PAGE> 118
Page 9
EMRO PROPANE LEASED VEHICLES
<TABLE>
<CAPTION>
VEHICLE
UNIT IDENTIFICATION
CNT NUMBER YEAR MAKE MODEL NUMBER DESCRIPTION SCHEDULE NAME
- --- ------ ---- ----------- -------------- ----------------- ---------------------- ------------------
<S> <C> <C> <C> <C> <C> <C> <C>
289 31050 1992 FORD F350 2FDHF37H9NCA92980 FULL SIZE PICKUP TRUCK PHH
290 31051 1992 FORD F350D 1FDKF37H0NNB05065 FULL SIZE PICKUP TRUCK PHH
291 31052 1992 FORD F350D 1FDKF37H8NNB05069 FULL SIZE PICKUP TRUCK PHH
292 31053 1992 FORD F350D 1FDKF37H4NNB05070 FULL SIZE PICKUP TRUCK PHH
293 31054 1992 FORD F350D 1FDKF37H6NNB05071 FULL SIZE PICKUP TRUCK PHH
294 31055 1992 FORD F350D 1FDKF37H6NNB05068 FULL SIZE PICKUP TRUCK PHH
295 31056 1992 CHEV M10 1GNDM15Z4NB206668 COMPACT PASSENGER VAN PHH
296 31057 1992 CHEV C/K1500 1GCDC14Z3NE206561 COMPACT PASSENGER VAN PHH
297 31058 1992 CHEV M10 1GNDM15Z2NB205390 COMPACT PASSENGER VAN PHH
298 31059 1992 CHEV M10 1GNDM15Z0NB202360 COMPACT PASSENGER VAN PHH
299 31060 1992 CHEV M10 1GNDM15Z7NB203165 COMPACT PASSENGER VAN PHH
300 31061 1992 CHEV C/K1500 1GCDC14Z0NE207134 COMPACT PASSENGER VAN PHH
301 31062 1992 CHEV M10 1GNDM15Z6NB202993 COMPACT PASSENGER VAN PHH
302 31063 1992 CHEV C/K1500 1GCDC14Z9NZ212616 COMPACT PASSENGER VAN PHH
303 31064 1992 CHEV LUMINA EURO 2G1WN54T5N1155189 CAR PHH
304 31065 1992 CHEV M10 1GNDM15Z2NB203879 COMPACT PASSENGER VAN PHH
305 31066 1992 CHEV LUMINA EURO 2G1WN54T4N9259190 CAR PHH
306 31067 1992 FORD F250 2FTHF25H5NCA88023 FULL SIZE PICKUP TRUCK PHH
307 31068 1992 FORD F250 2FTHF25H7NCA88024 FULL SIZE PICKUP TRUCK PHH
308 31069 1992 FORD F250 2FTHF25H9NCA88025 FULL SIZE PICKUP TRUCK PHH
309 31070 1992 FORD F250 2FTHF25H0NCA88026 FULL SIZE PICKUP TRUCK PHH
310 31071 1992 FORD F250 2FTHF26H4NCA88027 FULL SIZE PICKUP TRUCK PHH
311 31072 1992 FORD F250 2FTHF26H6NCA88028 FULL SIZE PICKUP TRUCK PHH
312 31073 1992 FORD F250 2FTHF26H8NCA88029 FULL SIZE PICKUP TRUCK PHH
313 31074 1992 FORD F250 2FTHF26H4NCA88030 FULL SIZE PICKUP TRUCK PHH
314 31075 1992 FORD F250 2FTHF26H6NCA88031 FULL SIZE PICKUP TRUCK PHH
315 31076 1992 FORD F250 2FTHF26H8NCA88032 FULL SIZE PICKUP TRUCK PHH
316 31077 1992 FORD F250 2FTHF26HXNCA88033 FULL SIZE PICKUP TRUCK PHH
317 31078 1992 FORD F250 2FTHF26H1NCA88034 FULL SIZE PICKUP TRUCK PHH
318 31079 1992 FORD F250 2FTHF26H3NCA88035 FULL SIZE PICKUP TRUCK PHH
319 31080 1992 FORD F250 2FTHF26H5NCA88036 FULL SIZE PICKUP TRUCK PHH
320 31081 1992 FORD F250 2FTHF26H7NCA88037 FULL SIZE PICKUP TRUCK PHH
321 31657 1993 DODGE DYNASTY 1B3XC5634PD224882 CAR PHH
322 31677 1993 DODGE DYNASTY 1B3XC5630PD221817 CAR PHH
323 31716 1993 FORD F250 1FTHF25H8PNB02610 FULL SIZE PICKUP TRUCK PHH
324 31718 1993 FORD F250 1FTHF25H0PNB02603 FULL SIZE PICKUP TRUCK PHH
</TABLE>
29-Jul-94
<PAGE> 119
Page 10
EMRO PROPANE LEASED VEHICLES
<TABLE>
<CAPTION>
VEHICLE
UNIT IDENTIFICATION
CNT NUMBER YEAR MAKE MODEL NUMBER DESCRIPTION SCHEDULE NAME
- --- ------ ---- ----------- -------------- ----------------- ---------------------- ------------------
<S> <C> <C> <C> <C> <C> <C> <C>
325 31719 1993 FORD F250 1FTHF25H2PNB02604 FULL SIZE PICKUP TRUCK PHH
326 31720 1993 FORD F250 1FTHF25H4PNB02605 FULL SIZE PICKUP TRUCK PHH
327 31721 1993 FORD F250 1FTHF25H6PNB02606 FULL SIZE PICKUP TRUCK PHH
328 31722 1993 FORD F250 1FTHF25H8PNB02607 FULL SIZE PICKUP TRUCK PHH
329 31723 1993 FORD F250 1FTHF25HXPNB02608 FULL SIZE PICKUP TRUCK PHH
330 31724 1993 FORD F250 1FTHF25H1PNB02609 FULL SIZE PICKUP TRUCK PHH
331 31725 1993 FORD F250 1FTHF26H9PNB02596 FULL SIZE PICKUP TRUCK PHH
332 31726 1993 FORD F250 1FTHF26H4PNB02599 FULL SIZE PICKUP TRUCK PHH
333 31727 1993 FORD F250 1FTHF26H7PNB02600 FULL SIZE PICKUP TRUCK PHH
334 31728 1993 FORD F250 1FTHF26H0PNB02602 FULL SIZE PICKUP TRUCK PHH
335 31729 1993 FORD F250 1FTHF26H9PNB02601 FULL SIZE PICKUP TRUCK PHH
336 31730 1993 FORD F250 1FTHF26HXPNB02591 FULL SIZE PICKUP TRUCK PHH
337 31731 1993 FORD F250 1FTHF26H1PNB02592 FULL SIZE PICKUP TRUCK PHH
338 31732 1993 FORD F250 1FTHF26H7PNB02595 FULL SIZE PICKUP TRUCK PHH
339 31733 1993 FORD F250 1FTHF26H3PNB02593 FULL SIZE PICKUP TRUCK PHH
340 31734 1993 FORD F250 1FTHF26H5PNB02594 FULL SIZE PICKUP TRUCK PHH
341 31735 1993 FORD F250 1FTHF26H0PNB02597 FULL SIZE PICKUP TRUCK PHH
342 31736 1993 FORD F250 1FTHF26H2PNB02598 FULL SIZE PICKUP TRUCK PHH
343 31737 1993 FORD F350 1FDKF37H6PNB02612 FULL SIZE PICKUP TRUCK PHH
344 31738 1993 FORD F350 1FDKF37H4PNB02611 FULL SIZE PICKUP TRUCK PHH
345 31739 1993 FORD F350 1FDKF37H8PNB02613 FULL SIZE PICKUP TRUCK PHH
346 31740 1993 FORD F350 1FDHF38GXPNB02614 FULL SIZE PICKUP TRUCK PHH
347 31744 1993 CHEV C1500 1GCDC14Z7PE236245 FULL SIZE PICKUP TRUCK PHH
348 31745 1993 CHEV C1500 1GCDC14Z0PE236278 FULL SIZE PICKUP TRUCK PHH
349 31746 1993 CHEV C1500 1GCDC14Z6PE240125 FULL SIZE PICKUP TRUCK PHH
350 31747 1993 CHEV C1500 1GCDC14Z6PE236334 FULL SIZE PICKUP TRUCK PHH
351 31748 1993 CHEV C1500 1GCDC14Z2PE236556 FULL SIZE PICKUP TRUCK PHH
352 31749 1994 CHEV C1500 1GCDC14Z0RZ176577 FULL SIZE PICKUP TRUCK PHH
353 31750 1993 CHEV C1500 1GCDC14Z7PE236276 FULL SIZE PICKUP TRUCK PHH
354 31751 1993 FORD F250 1FTHF25H8PNB04079 FULL SIZE PICKUP TRUCK PHH
355 31818 1994 FORD AEROSTAR 1FTDA14U5RZA70555 COMPACT CARGO VAN PHH
356 31819 1993 FORD F250 1FTHF25H0PNB02617 FULL SIZE PICKUP TRUCK PHH
357 31820 1993 FORD F250 1FTHF25H9PNB02616 FULL SIZE PICKUP TRUCK PHH
358 32217 1994 FORD AEROSTAR 1FMCA11U8RZA60419 COMPACT CARGO VAN PHH
359 32218 1994 FORD AEROSTAR 1FMCA11U4RZA60420 COMPACT CARGO VAN PHH
360 32338 1994 FORD F250 2FTHF26HXRCA63607 FULL SIZE PICKUP TRUCK PHH
</TABLE>
29-Jul-94
<PAGE> 120
Page 11
EMRO PROPANE LEASED VEHICLES
<TABLE>
<CAPTION>
VEHICLE
UNIT IDENTIFICATION
CNT NUMBER YEAR MAKE MODEL NUMBER DESCRIPTION SCHEDULE NAME
- --- ------ ---- ----------- -------------- ----------------- ---------------------- ------------------
<S> <C> <C> <C> <C> <C> <C> <C>
361 32340 1994 FORD F250 2FTHF26H1RCA63608 FULL SIZE PICKUP TRUCK PHH
362 32351 1994 FORD F250 2FTHF26H6RCA63605 FULL SIZE PICKUP TRUCK PHH
363 32353 1994 FORD F250 2FTHF25H2RCA63604 FULL SIZE PICKUP TRUCK PHH
364 32356 1994 FORD F250 2FTHF25H9RCA63602 FULL SIZE PICKUP TRUCK PHH
365 32357 1994 FORD F250 2FTHF25H7RCA63601 FULL SIZE PICKUP TRUCK PHH
366 32358 1994 FORD F250 2FTHF25H2RCA65594 FULL SIZE PICKUP TRUCK PHH
367 32359 1994 FORD F250 2FTHF25H0RCA65593 FULL SIZE PICKUP TRUCK PHH
368 32396 1994 PONT GRAND PRIX 1G2WJ52M4RF309067 CAR PHH
369 32397 1994 DODGE CARAVAN 2B4GH45R5RR775058 COMPACT PASSENGER VAN PHH
370 32398 1994 FORD TAURUS 1FALP52U5RG238362 CAR PHH
</TABLE>
29-Jul-94
<PAGE> 121
Exhibit 1.13
(Continued)
PROPANE TANK INVENTORY
BOBTAILS
<TABLE>
<CAPTION>
S I Z E
---------------------------------------------------------------------------------
BRANCH 2400 2500 2600 2800 2900 2950 3000 3499 OTHER
- ------ ---- ---- ---- ---- ---- ---- ---- ---- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 1 2
2 1 2
3 1 2
4 2 1 1
5 1 1
6 4
7 2
8 1 1 1 1
9 3
10 1 1
11 1 2
12 2
13 1 2
14 2 2
15 1 1
16 1 1 1
17 1 1 2
18 1 2 2
19 2 2
20 3 1
21 2 1
22 1 1
23 1 1 1
25 1 2 1
26 2 1
27 1 3
28 1 1 1
29 1 1
30 3
31 1 2
37 1 1
38 1 1
39 1 1
40 1 1 2
41 3
42 1 1 2 1
43 1 3 3466-1
45 1 2 3200-1;
3468-1
46 4 1
47 1 2
48 2 1
49 1 1 1
</TABLE>
<PAGE> 122
<TABLE>
<CAPTION>
S I Z E
---------------------------------------------------------------------------------
BRANCH 2400 2500 2600 2800 2900 2950 3000 3499 OTHER
- ------ ---- ---- ---- ---- ---- ---- ---- ---- -----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
50 1 2
53 1 1 2
54 2 2
57 1 1
59 1 2 1800-1
60 1 1 1 1
65 3
66 1 1
68 1 1
69 1 1
70 2
71 1 2
72 1
73 2 1
75 2
150 1 3
151 3 1
152 1
153 1 1 1
156 1 1 2170-1
Total 192
TRANSPORTS
Branch 33 Branch 51
11,000 1 10,500 5
11,800 1 11,100 1
13,480 1
14,500 9
Branch 74
10,250 1
11,200 1
11,300 2
11,400 2
11,500 1
12,000 1
14,500 1
Branch 89
10,325 1
Total 28
</TABLE>
<PAGE> 123
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 001
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000302 DOLLY 1
P00000001453 PUMPING STATION-HOLLY HILLS 1
P00000001454 SKIL SAW 1
P00000001455 PROPANE EQUIP 1
P00000001456 PLATFORM SCALES 1
P00000001459 MORSE SCALE 1
P00000012370 DEGREE DAY CLOCK 1
P00000038015 PUMPING STATION 1
P00000038190 2 CABINET-PEPSI 1
P00000041226 TRENCHER 1
** ACCOUNT 0353000100
---
10
---
P00000000303 BLACK TOP 1
P00000000304 30000 GALLON TANK 1
P00000000305 18000 GALLON TANKS 2
P00000000307 INSTALLATION OF BULK HEADS 1
P00000020461 SECURITY LIGHTING 1
P00000042334 COMPRESSOR 1
P00000050064 PLANT IMPROVEMENT 1
** ACCOUNT 0353000300
---
8
---
P00000050062 SIGN
** ACCOUNT 0353000800 1
---
P00000002662 VICTOR 305 CALC 1
</TABLE>
PAGE 1
<PAGE> 124
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 001
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- ------------------------------------------------------------------------------
<S> <C>
P00000002672 CASH DRAWER 1
P00000004557 MICRON 750 VIEWER 1
P00000004591 96 X 30 TABLE 1
** ACCOUNT 0357000000 --
4
--
P00000035761 RADIO/MOBIL STATION 6
P00000035791 BASE STATION 1
P00000036004 MOBIL STATION/RADIO 2
** ACCOUNT 0357000100 --
9
--
P00000048316 IBM 14V COLR/S MONITOR 1
P00000049990 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200 --
2
--
** BRANCH 001 ---
34
---
</TABLE>
PAGE 2
<PAGE> 125
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 002
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000315 FURNACE VACUUM 1
P00000001462 CORKIN PUMP 1
P00000001463 PUMP 1
P00000001465 CORKIN PUMP 1
P00000003644 GRINDER 1
P00000007761 FAIRBANKS SCALE 1
P00000007762 FAIRBANKS SCALE 1
P00000019862 490 CORKIN COMPRESSOR 1
P00000048770 PUMPING STA/MI SPORTSMAN 1
** ACCOUNT 0353000100 --
9
--
P00000000318 FIRE SAFETY VALVES 1
P00000000319 FIRE SAFETY VALVES 1
P00000000320 18000 GALLON TANKS 2
P00000002682 CATWALK 1
P00000002683 INSTALLATION OF BULK HEADS 1
** ACCOUNT 0353000300 --
6
--
P00000009485 PORTABLE SIGN 1
P00000009694 PERMAMENT SIGN 1
P00000010238 LABOR TO INSTALL SIGN 1
** ACCOUNT 0353000800 --
3
--
P00000003602 PICNIC TABLE 1
P00000004195 12 X 66 REGAL CARPET 1
</TABLE>
PAGE 3
<PAGE> 126
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 002
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000009405 TYPEWRITER 1
** ACCOUNT 0357000000 --
3
--
P00000035762 RADIO/MOBIL STATION 5
P00000035792 BASE STATION 1
P00000036005 MOBIL STATION/RADIO 2
P00000049796 RADIO/MOBILE STATION 1
--
9
--
P00000041793 MONITOR/DISPLAY COLOR 1
P00000048298 IBM PS/V 486SX 1
P00000048321 IBM 14V COLR/S MONITOR 1
P00000048341 IBM 14V COLR/S MONITOR 1
P00000049991 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200 --
5
--
** BRANCH 002 ---
35
---
</TABLE>
PAGE 4
<PAGE> 127
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 003
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000322 PUMP 1
P00000000323 490 COMPRESSOR 1
P00000001472 VACUUM 1
P00000001473 DRILL 1
P00000001474 SNOW PLOW 1
P00000001475 WEED EATER 1
P00000001477 AIR COMPRESSOR 1
P00000001478 DIESEL PUMP 1
P00000001486 CORKEN PUMP 1
P00000001487 CORKEN PUMP 1
P00000012593 DEGREE DAY CLOCK 1
P00000033231 PUMPING STA/BURNSIDE/HOUGHTON LAKE 1
P00000045921 TRACTOR/LAWNMOWER 1
** ACCOUNT 0353000100
---
13
---
P00000000324 30000 & 18000 GALLON TANK 2
P00000000325 24000 GALLON DIESEL TANK 1
P00000000327 NEW ROOF 1
P00000000331 REPIPING 1
P00000000332 MOVING TANK 1
P00000000333 TRANSPORT UNLOADING EQUIPMENT 1
P00000047099 ELECTRICAL FACILITIES 1
** ACCOUNT 0353000300
--
8
--
P00000000335 ADDITION 1
P00000000336 NEW GARAGE 1
</TABLE>
PAGE 5
<PAGE> 128
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 003
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0353000400 --
2
--
P00000006875 FUELGAS SIGN 1
** ACCOUNT 0353000800 --
1
--
P00000002732 WATER COOLER 1
P00000002733 DEIBOLD SAFE 1
P00000002734 SCM PORTABLE TYPEWRITER 1
P00000002741 CASH REGISTER 1
P00000002749 SWEEPER - EUREKA 1
P00000004559 MICRON 750 VIEWER 1
P00000021921 CARPET 1
** ACCOUNT 0357000000 --
7
--
P00000035763 RADIO/MOBIL STATION 5
P00000035793 BASE STATION 1
P00000036006 MOBIL STATION/RADIO 1
** ACCOUNT 0357000100 --
7
--
P00000041811 PRINTER/EPSON FX-1050 1
P00000044014 386SX COMPUTER 1
P00000046662 9600 MODEM & CABLES/ROBOTICS 1
</TABLE>
PAGE 6
<PAGE> 129
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 003
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000048280 IBM 14V COLOR MONITOR 1
P00000048295 IBM PS/V 486SX 1
P00000049992 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200 --
6
--
** BRANCH 003 ---
44
---
</TABLE>
PAGE 7
<PAGE> 130
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 004
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000343 SNOW PLOW 1
P00000000344 SAW & HOLESHOOTER 2
P00000000345 490 COMPRESSOR 1
P00000001496 PAINT BOOTH EQUIP 1
P00000001500 CORKEN PUMP 1
P00000001510 FAIRBANKS MORSE SCALE 1
P00000004152 1000 GALLON TANK 1
P00000004155 STEEL PAINT BOOTH 1
P00000004588 PUMPING STA-FAMILY CIRCLE 1
P00000004798 COMPRESSOR 1
P00000005477 PUMPING STA-HAYES 1
P00000011654 LPG DISPENSER 1
P00000011765 ELETRIC PIPE THREADER 1
P00000012371 DEGREE DAY CLOCK 1
P00000015139 PP5-200 DISPENSER 1
P00000033234 PUMPING STA/JAY'S RV CTR 1
P00000046857 PUMPING STA/GOLD BOND 1
P00000048031 TRENCHER 1
** ACCOUNT 0353000100 ---
19
---
P00000000347 30000 GALLON STORAGE TANK 1
P00000000351 30000 GALLON STORAGE TANK 1
P00000000353 PUMP & INSTALLATION OF BULK HEADS 1
P00000000354 COMPLETION OF ROOF 1
P00000000355 INSTALLATION OF BULK HEADS 1
P00000027602 REPIPE PLANT 1
** ACCOUNT 0353000300 --
6
--
</TABLE>
PAGE 8
<PAGE> 131
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 004
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000360 LIGHTED PORTABLE SIGN 1
P00000048412 SIGN 1
** ACCOUNT 0353000800
--
2
--
P00000002762 BROWN DESK WITH TYPING EXTENSION 1
P00000002765 SCM TYPEWRITER 1
P00000002766 VICTOR SAFE 1
P00000002776 FILES 3
P00000002777 SECRETARY CHAIR 1
P00000003548 CARPETING 1
P00000015146 FURNACE 1
P00000046902 CARPET 1
P00000048127 COPIER 1
** ACCOUNT 0357000000
---
11
---
P00000035764 RADIO/MOBIL STATION 8
P00000035794 BASE STATION 1
P00000036007 MOBIL STATION/RADIO 12
** ACCOUNT 0357000100
---
21
---
P00000041762 CPU 286/386 PC386SX/IS IMB 1
P00000041778 MONITOR/DISPLAY COLOR 1
P00000049993 9600 MODEM & CABLES/ROBOTICS 1
</TABLE>
PAGE 9
<PAGE> 132
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 004
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0357000200 --
3
--
** BRANCH 004 ---
62
---
</TABLE>
PAGE 10
<PAGE> 133
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 005
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000001513 AIR SCRIBE 1
P00000001514 CORKEN COMPRESSOR 1
P00000001516 CORKIN PUMP 1
P00000001517 BEAM SCALES 1
P00000003549 APPLIANCE CART 1
P00000003684 PUMPING STATION 1
P00000005488 FURNACE VACUUM 1
P00000013412 DEGREE DAY CLOCK 1
P00000043832 TRENCHER 1
** ACCOUNT 0353000100 ---
10
---
P00000000366 30000 GALLON TANK 1
P00000000367 SAFETY VALVE 1
P00000000368 ELECTRICAL WIRING 1
P00000000369 NEW PUMP - WIRING 1
P00000000370 30000 GALLON TANK 1
P00000000377 FIRE SAFETY VALVE 1
P00000000378 INSTALLATION OF BULK HEADS 1
** ACCOUNT 0353000300 --
7
--
P00000000379 GARAGE DOOR FOR DOCK 1
** ACCOUNT 0353000400 --
1
--
P00000002780 LARGE SIGN 1
</TABLE>
PAGE 11
<PAGE> 134
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 005
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000005528 LIGHTED SIGN 1
** ACCOUNT 0353000800 --
2
--
P00000002786 CHECK PROTECTOR 1
P00000002801 3' X 5' SAFE 1
P00000003550 CARPETING & TILE 1
P00000003551 BEIGE 4-DRAWER FILE 1
P00000004597 REFRIGERATOR 1
P00000005522 IBM TYPEWRITER 1
P00000005895 FURNACE-AIR CONDITIONER 1
P00000006479 AIR CONDITIONING UNIT 1
P00000014707 DV60SSP FURNACE 1
P00000045964 COPIER 1
** ACCOUNT 0357000000 ---
10
---
P00000035765 RADIO/MOBIL STATION 5
P00000035795 BASE STATION 1
P00000036008 MOBIL STATION/RADIO 1
P00000049800 RADIO/MOBIL STATION 1
** ACCOUNT 0357000100 --
8
--
P00000040214 COMPUTER 386SX/ISIMB 1
P00000048312 IBM PS/V 486SX 1
P00000048318 IBM 14V COLR/S MONITOR 1
P00000049994 9600 MODEM & CABLES/ROBOTICS 1
</TABLE>
PAGE 12
<PAGE> 135
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 005
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0357000200
--
4
--
** BRANCH 005
---
42
---
</TABLE>
PAGE 13
<PAGE> 136
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 006
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000381 SCALES 1
P00000000382 CORKEN PUMP 1
P00000000383 CORKEN PUMP 1
P00000000384 FIRE EXT. 1
P00000000386 SNOW BLADE 1
P00000000387 SAWZALL 1
P00000001532 LADDER 1
P00000001536 SPRAY BOOTH EQUIP 1
P00000001539 PLATFORM SCALE 1
P00000004235 100# CYLINDER CART 1
P00000012587 DEGREE DAY CLOCK 1
P00000015284 WATER SOFTENER TEST KIT 1
P00000021837 PIPE THREADER 1
** ACCOUNT 0353000100 ---
13
---
P00000000388 30000 GALLON STORAGE TANK 1
P00000000389 30000 GALLON STORAGE TANK 1
P00000000390 BUILDING PLANT 1
P00000002809 INSTALLATION OF 30000 GAL TANK 1
P00000002811 REPIPING 1
P00000002812 NEW ROOF 1
P00000002813 INSTALLATION OF BULK HEADS 1
P00000032499 CONVERTED COMPRESSOR 1
** ACCOUNT 0353000300 --
8
--
P00000002815 PERMANENT SIGN 1
</TABLE>
PAGE 14
<PAGE> 137
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 006
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0353000800 --
1
--
P00000002820 CLARY CASH REGISTER 1
P00000002822 MOSLER SAFE 1
P00000002827 3-DRAWER FILE CABINET 1
P00000002840 CHECK PROTECTOR 1
P00000003566 CHAIR 1
P00000003567 CHAIR 1
P00000003568 CHAIR 1
P00000003569 CHAIR 1
P00000003570 CHAIR 1
P00000015141 CANON COPIER 1
P00000019584 IBM TYPEWRITER 1
** ACCOUNT 0357000000 ---
11
---
P00000035766 RADIO/MOBIL STATION 6
P00000035796 BASE STATION 1
P00000036009 MOBIL STATION/RADIO 2
** ACCOUNT 0357000100 --
9
--
P00000048288 IBM PS/V 486SX 1
P00000049995 9600 MODEM & CABLES/ROBOTICS 1
</TABLE>
PAGE 15
<PAGE> 138
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 006
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0357000200
--
2
--
** BRANCH 006
---
44
---
</TABLE>
PAGE 16
<PAGE> 139
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 007
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000001555 PUMP 1
P00000001556 BEAM SCALE 1
P00000001558 SNOW PLOW 1
P00000001559 KRUG COMP 1
P00000001560 AIR SCRIBE 1
P00000001561 CORKEN PUMP 1
P00000003518 FURNACE VACUUM 1
P00000012373 DEGREE DAY CLOCK 1
P00000041228 TRENCHER 1
P00000047075 SNOW PLOW 1
** ACCOUNT 0353000100
---
10
---
P00000000391 30000 GALLON STORAGE TANK 1
P00000000392 30000 GALLON STORAGE TANK 1
P00000000398 INSTALLATION OF 30000 GALLON STORAGE TANK 1
P00000002849 TRANSPORT UNLOADING 1
P00000033228 ESV PUMP 1
** ACCOUNT 0353000300
--
5
--
P00000002854 PERMANENT SIGN 1
P00000002855 PORTABLE SIGN 1
** ACCOUNT 0353000800
--
2
--
P00000002857 2 1/2" X 5" SAFE 1
P00000002858 CHECK PROTECTOR 1
</TABLE>
PAGE 17
<PAGE> 140
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 007
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000002871 4-DRAWER FILE CABINET 1
P00000002877 CHAIR 2
P00000004635 EMPIRE HEATER 1
P00000005656 CARPET 1
P00000048126 COPIER 1
** ACCOUNT 0357000000 --
8
--
P00000035767 RADIO/MOBIL STATION 8
P00000035797 BASE STATION 1
P00000036010 MOBIL STATION/RADIO 1
** ACCOUNT 0357000100 ---
10
---
P00000040240 COMPUTER 386SX/ISIMB 1
P00000049996 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200 --
2
--
** BRANCH 007 ---
37
---
</TABLE>
PAGE 18
<PAGE> 141
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 008
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000403 APPLIANCE CART 1
P00000001562 CYLINDER CART 1
P00000001563 REVERSIBLE DRILL 1
P00000001565 SPRAY PAINT UNIT 1
P00000001577 CORKEN PUMP 1
P00000001578 KRUG COMP 1
P00000012374 DEGREE DAY CLOCK 1
P00000045860 LAWNMOWER 1
** ACCOUNT 0353000100
--
8
--
P00000000404 10000 GALLON STORAGE TANK 1
P00000000405 30000 GALLON STORAGE TANK 1
P00000000407 CORKEN PUMP & PARTS 1
P00000000408 REPIPING 1
P00000000409 PAVING 1
P00000000410 TRANSPORT UNLOADING EQUIPMENT 1
P00000041726 30000 STORAGE TANK 1
** ACCOUNT 0353000300
--
7
--
P00000002881 PERMANENT SIGN 1
** ACCOUNT 0353000800
--
1
--
P00000002887 AIR CONDITIONER 1
P00000002891 SCM TYPEWRITER 1
P00000002911 SWIVEL CHAIR 1
</TABLE>
PAGE 19
<PAGE> 142
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 008
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000002919 STEREO RADIO 1
P00000002920 RECORD A CALL 1
P00000003501 DIEBOLD SAFE 1
P00000004554 STACK CHAIRS 4
P00000005463 SAND FILE WITH LOCK 1
P00000005464 SAND FILE 1
P00000005465 SAND FILE 1
P00000007940 SUBDUE SHADES 6
P00000032082 CARPET 1
P00000045965 COPIER 1
** ACCOUNT 0357000000 ---
21
---
P00000035768 RADIO/MOBIL STATION 8
P00000035798 BASE STATION 1
P00000036011 MOBIL STATION/RADIO 4
** ACCOUNT 0357000100 ---
13
---
P00000041759 CPU 286/386 PC386SX/IS IMB 1
P00000041787 MONITOR/DISPLAY COLOR 1
** ACCOUNT 0357000200 --
2
--
** BRANCH 008 ---
52
---
</TABLE>
PAGE 20
<PAGE> 143
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 009
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000413 CYLINDER FILLER 1
P00000000414 PUMPING STATION 1
P00000001585 PAINT SPRAY BOOTH FAN 1
P00000001586 SCALES 1
P00000001588 CORKEN COMP 1
P00000012396 DEGREE DAY CLOCK 1
P00000041330 TRENCHER 1
** ACCOUNT 0353000100 --
7
--
P00000000415 12000 GAL TANK 1
P00000000416 18000 GAL TANK 1
P00000000417 FIRE SAFETY VALVE 1
P00000000418 SAFETY VALVE 1
P00000000419 30000 GAL TANK 1
P00000000420 INSTALLATION OF BULK HEADS 1
P00000033232 PUMP/PIPING 1
** ACCOUNT 0353000300 --
7
--
P00000002925 PORTABLE SIGN 1
P00000048413 SIGN 1
** ACCOUNT 0353000800 --
2
--
P00000002515 MICROVIEWER 1
P00000002928 SAFE 1
P00000002934 MICROVIEWER 1
</TABLE>
PAGE 21
<PAGE> 144
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 009
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000002937 BEIGE FILE CABINET 1
P00000048408 COPY MACHINE 1
** ACCOUNT 0357000000
--
5
--
P00000035769 RADIO/MOBIL STATION 6
P00000035799 BASE STATION 1
P00000036012 MOBIL STATION/RADIO 1
P00000046517 MOBIL STATION/RADIO 1
** ACCOUNT 0357000100
--
9
--
P00000046518 9600 MODEM & CABLES/ROBOTICS 1
P00000046519 MONITOR 1
P00000048279 IBM 14V COLOR MONITOR 1
P00000048304 IBM PS/V 486SX 1
** ACCOUNT 0357000200
--
4
--
** BRANCH 009
---
34
---
</TABLE>
PAGE 22
<PAGE> 145
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 010
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000001593 AIR SCRIBE 1
P00000001594 COMP 1
P00000001599 PAINT SPRAY BOOTH 1
P00000001608 SPRAY BOOTH FAN 1
P00000001610 SPRAY GUN & HOSE 1
P00000001618 SCALE 1
P00000012397 DEGREE DAY CLOCK 1
P00000037019 MOWER 1
P00000045962 FILL STATION 1
P00000048189 POWER WASHER 1
** ACCOUNT 0353000100
---
10
---
P00000000421 30000 GAL TANK 1
P00000000422 30000 GAL TANK 1
P00000000425 CORKEN PUMP 1
P00000000426 FIRE SAFETY VALVE 1
P00000000427 PANELING 1
P00000000428 SAFETY VALVE 1
P00000000429 CYLINDER PUMP 1
P00000000430 PLANT IMP 1
P00000048036 PIPING 1
P00000048541 UPDATE ELECTRICAL SYSTEM 1
P00000049955 PIPING 1
** ACCOUNT 0353000300
---
11
---
P00000002949 PERMANENT SIGN 1
</TABLE>
PAGE 23
<PAGE> 146
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 010
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0353000800 --
1
--
P00000004587 HON 2-DRAWER CABINET 1
P00000045966 COPIER 1
** ACCOUNT 0357000000 --
2
--
P00000035770 RADIO/MOBIL STATION 5
P00000035800 BASE STATION 1
P00000036013 MOBIL STATION/RADIO 1
** ACCOUNT 0357000100 --
7
--
P00000040205 COMPUTER 386SX/ISIMB 1
P00000046722 9600 MODEM & CABLES/ROBOTICS 1
P00000048272 IBM PS/V 486SX 1
P00000048315 IBM 14V COLR/S MONITOR 1
** ACCOUNT 0357000200 --
4
--
** BRANCH 010 ---
35
---
</TABLE>
PAGE 24
<PAGE> 147
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 011
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000001622 AUTO FILL SCALES 2
P00000001624 AIR CONDITIONER 1
P00000001628 SPRAY GUN 1
P00000001629 SPRAY BOOTH FAN 1
P00000003899 PAINT SPRAYER 1
P00000004272 BARE COMPRESSOR 1
P00000004464 WEED EATER 1
P00000012588 DEGREE DAY CLOCK 1
P00000034675 RIDING MOWER 1
P00000041229 TRENCHER 1
P00000047228 SNOW PLOW 1
P00000048188 POWER WASHER 1
** ACCOUNT 0353000100
---
13
---
P00000000432 30000 GAL TANK 1
P00000000434 CORKIN PUMP 1
P00000000435 WAREHOUSE 1
P00000000436 ELECTRICAL SERVICE 1
P00000029097 30,000 GALLON TANK 1
** ACCOUNT 0353000300
--
5
--
P00000002975 PERMANENT SIGN 1
** ACCOUNT 0353000800
--
1
--
P00000002981 DIEBOLD SAFE 1
</TABLE>
PAGE 25
<PAGE> 148
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 011
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000002997 2 DRAWER FILE CABINET 1
P00000002998 SECTARY CHAIR 1
P00000002999 USED DINETTE 1
P00000046914 COPY MACHINE 1
** ACCOUNT 0357000000 --
5
--
P00000035771 RADIO/MOBIL STATION 6
P00000035801 BASE STATION 1
P00000036014 MOBIL STATION/RADIO 2
P00000046992 RADIO 1
** ACCOUNT 0357000100 ---
10
---
P00000046013 COLOR MONITOR 1
P00000046456 9600 MODEM & CABLES/ROBOTICS 1
P00000046458 COMPUTER 1
P00000046500 9600 MODEM & CABLES/ROBOTICS 1
P00000046775 CPU NRC 3865X 1
P00000046777 NCR MONITOR 1
** ACCOUNT 0357000200 --
6
--
** BRANCH 011 ---
40
---
</TABLE>
PAGE 26
<PAGE> 149
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 012
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000441 CORKEN PUMP 1
P00000000447 TRENCHER 1
P00000000449 MYRON METER 1
P00000001642 SCALES & FILLERS 1
P00000001649 CORKEN PUMP 1
P00000001651 CORKEN PUMP 1
P00000004041 POWER VISE 1
P00000011282 16 HP GILSON YARD TRACTOR 1
P00000012407 DEGREE DAY CLOCK 1
** ACCOUNT 0353000100 --
9
--
P00000003001 WATER SERVICE 1
P00000003003 INSTALL BULK HEADS 1
P00000004616 PUMPING STATION 1
P00000030593 30000 GALLON TANK W/PIPING 1
P00000032397 REPIPING 1
** ACCOUNT 0353000300 --
5
--
P00000003006 PERMANENT SIGN 1
P00000003007 PORTABLE SIGN 1
** ACCOUNT 0353000800 --
2
--
P00000003015 SAFE 1
P00000003029 PAYMASTER 1
P00000003039 4-DRAWER LETTER-SIZE FILES 2
</TABLE>
PAGE 27
<PAGE> 150
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 012
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000003040 2-DRAWER LETTER-SIZE FILE 1
P00000031272 CARPET 1
** ACCOUNT 0357000000 --
6
--
P00000035772 RADIO/MOBIL STATION 5
P00000035802 BASE STATION 1
P00000036015 MOBIL STATION/RADIO 1
** ACCOUNT 0375000100 --
7
--
P00000040212 COMPUTER 386SX/ISIMB 1
P00000041779 MONITOR/DISPLAY COLOR 1
P00000049998 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200 --
3
--
** BRANCH 012 ---
32
---
</TABLE>
PAGE 28
<PAGE> 151
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 013
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000451 CHAIN VISE 1
P00000000453 CYLINDER CART 1
P00000000456 SAWZALL 1
P00000003606 PAINT SPRAYER 1
P00000004309 LIFT 1
P00000012408 DEGREE DAY CLOCK 1
P00000022595 POWER THREADER 1
P00000023141 PUMPING STATION-PLANT 1
P00000024518 PAINT BOOTH 1
P00000029713 AIR COMPRESSOR 1
P00000031667 MOWER 1
P00000048030 TRENCHER 1
** ACCOUNT 0353000100
---
12
---
P00000000457 18000 GALLON STORAGE TANKS 2
P00000000458 COMPRESSOR 1
P00000000459 NEW PIPING 1
P00000000460 TRANSPORT UNLOADING EQUIPMENT 1
P00000046707 30000 GAL STORAGE TANK 1
P00000046711 TANK SET 1
** ACCOUNT 0353000300
--
7
--
P00000003043 PERMANENT SIGN 1
** ACCOUNT 0353000800
--
1
--
</TABLE>
PAGE 29
<PAGE> 152
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 013
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000003044 4-DRAWER FILE CABINET 1
P00000003045 FILE CABINET 1
P00000003050 OFFICE FURNITURE 1
P00000046873 COPY MACHINE 1
** ACCOUNT 0357000000
--
4
--
P00000035773 RADIO/MOBIL STATION 6
P00000035803 BASE STATION 1
P00000036016 MOBIL STATION/RADIO 2
** ACCOUNT 0357000100
--
9
--
P00000041768 CPU 286/386 PC386SX/IS IMB 1
P00000041777 MONITOR/DISPLAY COLOR 1
P00000046005 PC 1523604482 1
P00000046017 PC 1523982440 1
P00000049999 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
5
--
** BRANCH 013
---
38
---
</TABLE>
PAGE 30
<PAGE> 153
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 014
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000465 PAINT SPRAYER 1
P00000000467 SANDER 1
P00000001659 SPRAY BOOTH FAN 1
P00000001667 CORKEN COMPRESSOR 1
P00000004044 CYLINDER VISE 1
P00000006473 PUMPING STATION-MICHIGAN SEED 1
P00000013481 DEGREE DAY CLOCK 1
P00000034105 SCALES 1
P00000034782 TRENCHER 1
** ACCOUNT 0353000100
--
9
--
P00000000469 18000 GALLON STORAGE TANK 1
P00000000470 FILLROOM & DOCK 1
P00000000471 30000 GALLON STORAGE TANK 1
P00000000475 INSTALLATION OF 18000 GALLON TANK 1
P00000000476 INSTALLATION OF 30000 GALLON TANK 1
P00000000477 INSTALLATION OF BULK HEADS 1
P00000006910 5" DRILLED WELL 1
P00000038010 LOADING RACK 1
** ACCOUNT 0353000300
--
8
--
P00000003057 PERMANENT SIGN 1
P00000003058 PORTABLE SIGN 1
** ACCOUNT 0353000800
--
2
--
</TABLE>
PAGE 31
<PAGE> 154
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 014
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000003073 CASH DRAWER 1
P00000003077 DIEBOLD SAFE 1
P00000003088 TIME CLOCK 1
P00000003090 MICROVIEWER 1
P00000003091 MICROVIEWER 1
P00000003092 SCM TYPEWRITER 1
P00000004560 MICRON 750 VIEWER 1
P00000006111 FURNACE WITH AIR CONDITIONER 1
P00000045967 COPIER 1
P00000049773 CARPET 1
** ACCOUNT 0357000000
---
10
---
P00000033915 ANTENNA 1
P00000035774 RADIO/MOBIL STATION 8
P00000036017 MOBIL STATION/RADIO 4
P00000040364 BASE STATION 1
** ACCOUNT 0357000100
---
14
---
P00000040225 COMPUTER 386SX/ISIMB 1
P00000041756 CPU 286/386 PC386SX/IS IMB 1
P00000041776 MONITOR/DISPLAY COLOR 1
P00000044010 386SX COMPUTER 1
P00000046022 COLOR MONITOR 1
P00000050000 9600 MODEM & CABLES/ROBOTICS 1
</TABLE>
PAGE 32
<PAGE> 155
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 014
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0357000200
--
6
--
** BRANCH 014
---
49
---
</TABLE>
PAGE 33
<PAGE> 156
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 015
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000001676 PLATFORM SCALE 1
P00000001677 HAND WINCH 1
P00000001678 PUMP 1
P00000001682 APPLIANCE CART 1
P00000001688 PLATFORM SCALE 1
P00000001693 CORKEN PUMP 1
P00000001696 KRUG COMPRESSOR 1
P00000001697 COMPRESSOR 1
P00000003804 M & E
P00000003901 LAWN MOWER 1
P00000003902 SYSTEMS TESTER 1
P00000004507 LAWN TRIMMER 1
P00000004613 1/2 " SKIL DRILL 1
P00000004645 SAWZALL 1
P00000012410 DEGREE DAY CLOCK 1
P00000045862 TRACTOR/LAWNMOWER 1
** ACCOUNT 0353000100
---
15
---
P00000000481 30000 GALLON STORAGE TANK 1
P00000000485 COMPRESSOR 1
P00000000486 TRANSPORT UNLOADING EQUIPMENT 1
P00000028855 30000 STORAGE TANK
P00000030596 PLANT 1
** ACCOUNT 0353000300
--
4
--
P00000002469 MICROVIEWER 1
P00000003100 SWIVEL CHAIR 1
P00000003101 ANSWERING SERVICE 1
</TABLE>
PAGE 34
<PAGE> 157
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 015
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000003103 BEIGE 4-DRAWER FILE CABINET 1
P00000003113 VICTOR SAFE 1
P00000003115 PAYMASTER 1
P00000003117 GIBSON AIR CONDITIONER 1
P00000003574 MICROWAVE 1
P00000019384 PC20 CANNON COPIER & CART 1
** ACCOUNT 0357000000
--
9
--
P00000035775 RADIO/MOBIL STATION 5
P00000035805 BASE STATION 1
P00000036018 MOBIL STATION/RADIO 1
P00000048530 RADIO 1
** ACCOUNT 0357000100
--
8
--
P00000050001 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
1
** BRANCH 015 --
---
37
---
</TABLE>
PAGE 35
<PAGE> 158
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 016
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000493 PUMPING STATION 1
P00000001703 PLATFORM SCALE 1
P00000001709 AIR SCRIBE 1
P00000001710 SAW 1
P00000012589 DEGREE DAY CLOCK 1
P00000015286 WATER SOFTENER TEST KIT 1
P00000033916 THREADER 1
P00000045869 TRENCHER 1
** ACCOUNT 0353000100
--
8
--
P00000000450 30000 GALLON STORAGE TANKS 1
P00000000496 19000 GALLON STORAGE TANK 1
P00000000497 PLANT IMPROVEMENTS 1
P00000000498 PANELING 1
P00000000499 FIRE VALVES 1
P00000000500 SAFETY VALVES 1
P00000003119 SHUT-OFF VALVE 1
** ACCOUNT 0353000300
--
7
--
P00000003124 FREE STANDING SIGN 1
P00000003125 PERMANENT SIGN 1
P00000003126 4X8 SIGN 1
** ACCOUNT 0353000800 --
3
--
P00000003129 DIEBOLD SAFE 1
</TABLE>
PAGE 36
<PAGE> 159
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 016
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000003130 BEIGE 4-DRAWER FILE CABINET 1
P00000003143 VICTOR ADDING MACHINE 1
P00000003153 TIME CLOCK 1
P00000003155 WATER COOLER 1
P00000003157 4-DRAWER FILE 1
P00000003502 4-DRAWER FILE 1
P00000003575 CHAIR 1
P00000003576 CHAIR 1
P00000003794 MICRON READERS 1
P00000045968 COPIER 1
** ACCOUNT 0357000000
---
11
---
P00000035776 RADIO/MOBIL STATION 6
P00000035806 BASE STATION 1
** ACCOUNT 0357000100
--
7
--
P00000040235 COMPUTER 386SX/ISIMB 1
P00000050002 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
2
--
** BRANCH 016
---
38
---
</TABLE>
PAGE 37
<PAGE> 160
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 017
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000501 HAND WINCH 1
P00000000502 SPRAY GUN 1
P00000000503 SAWZALL 1
P00000001712 HOOVER VACUUM 1
P00000001714 SPRAY PAINT BOOTH 1
P00000001715 CORKEN PUMP 1
P00000001718 PAINT PUMP 1
P00000001719 COMPRESSOR 1
P00000001721 SCALES & COMPRESSOR 1
P00000006471 PUMPING STATION 1
P00000013502 DEGREE DAY CLOCK 1
P00000015320 WATER SOFTENER TEST KIT 1
P00000041224 TRENCHER 1
P00000045859 LAWNMOWER 1
** ACCOUNT 0353000100
---
14
---
P00000000504 PLANT IMPROVEMENTS 1
P00000000505 8000 GALLON STORAGE TANK 1
P00000000506 12000 GALLON STORAGE TANK 1
P00000000507 MASTER GAUGE 1
P00000000508 30000 GALLON STORAGE TANK 1
P00000000509 REPIPING 1
P00000000510 COMPRESSOR 1
P00000003159 REPIPING 1
P00000003160 REPIPING 1
P00000003161 CEMENT WORK 1
P00000003162 INSTALL BULK HEADS 1
P00000003163 METER FOR FILLING STATION 1
P00000033225 ESV PUMP 1
P00000040371 30000 GALLON TANK 1
P00000041754 SET TANK 1
</TABLE>
PAGE 38
<PAGE> 161
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 017
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0353000300
---
15
---
P00000003167 PERMANENT SIGN 1
P00000004403 40 X 8 SIGN 1
** ACCOUNT 0353000800
--
2
--
P00000003169 MICROVIEWER 1
P00000003179 SCM TYPEWRITER 1
P00000003188 DIEBOLD SAFE 1
P00000003191 TABLE 1
P00000003192 YELLOW CHAIRS 6
P00000003193 STEEL WORK BENCH 1
P00000003795 VICTOR ADDERS 1
P00000006469 HON DESK - BLACK W/ WALNUT 1
P00000006470 HON DESK - BLACK W/ WALNUT 1
** ACCOUNT 0357000000
---
14
---
P00000035777 RADIO/MOBIL STATION 7
P00000035807 BASE STATION 1
P00000036020 MOBIL STATION/RADIO 3
** ACCOUNT 0357000100
---
11
---
</TABLE>
PAGE 39
<PAGE> 162
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 017
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000041767 CPU 286/386 PC386SX/LS IMB 1
P00000041791 MONITOR 1
P00000046510 IBM PRINTER 1
P00000046886 ROBOTIC MODEM 1
P00000046887 386SX HARD DRIVE 1
** ACCOUNT 0357000200
--
5
--
** BRANCH 017
---
61
---
</TABLE>
PAGE 40
<PAGE> 163
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 018
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000513 COMPRESSOR 1
P00000000514 PAINT SPRAYER & GUN 1
P00000000515 VISE - 100# CYLINDERS 1
P00000000516 ELECTRIC DRILL 1
P00000001722 PUMPING STATION _ GM PROVING 1
P00000001725 CORKEN COMPRESSOR 1
P00000001726 UNITED APACHE BEAM SCALE 1
P00000001727 CORKEN PUMP 1
P00000001728 CORKEN PUMP 1
P00000005476 SALAMANDER 1
P00000012590 DEGREE DAY CLOCK 1
P00000026526 TRENCHER 1
P00000038016 PUMPING STATION 1
P00000038191 CABINET-PEPSI 1
P00000044354 FREEON RECOVERY UNIT 1
P00000046704 POWER WASHER 1
** ACCOUNT 0353000100
---
16
---
P00000000517 12000 GALLON STORAGE TANK 1
P00000000519 30000 GALLON STORAGE TANK 1
P00000003194 OVERHEAD DOOR 1
P00000003196 INSTALL BULK HEADS 1
P00000003197 ELECTRIC SERVICE 1
P00000028355 SAFETY MTR 1
P00000046708 30000 GAL STORAGE TANK 1
P00000046710 TANK SET 1
P00000046737 PIPING 1
</TABLE>
PAGE 41
<PAGE> 164
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 018
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0353000300
--
9
--
P00000003201 PERMANENT SIGN 1
** ACCOUNT 0353000800
--
1
--
P00000003235 BEIGE FILE CABINET 1
P00000003236 MICRON 750 READER 1
P00000003903 LUXAIRE AIR CONDITIONER 1
P00000005519 IBM TYPEWRITER 1
P00000006239 FURNACE - LUXAIRE 1
P00000008499 CARPET 1
P00000011284 HOOVER VACUUM 1
P00000045969 COPIER 1
** ACCOUNT 0357000000
--
8
--
P00000035778 RADIO/MOBIL STATION 5
P00000035808 BASE STATION 1
P00000036021 MOBIL STATION/RADIO 6
P00000046990 RADIO 1
P00000048403 RADIO 1
** ACCOUNT 0357000100
---
14
---
</TABLE>
PAGE 42
<PAGE> 165
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 018
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000040202 COMPUTER 386SX/ISIMB 1
P00000041764 CPU 286/386 PC386SX/IS IMB 1
P00000041790 MONITOR/DISPLAY COLOR 1
P00000050003 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
4
--
** BRANCH 018
---
52
---
</TABLE>
PAGE 43
<PAGE> 166
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 003
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000521 HOWE SCALES 3
P00000000527 APPLIANCE CART 1
P00000000528 ALARM SYSTEM 1
P00000000529 ALUMINUM LADDER 1
P00000006308 W S TEST KIT 1
P00000012594 DEGREE DAY CLOCK 1
P00000031671 TRACTOR MOWER 1
P00000037018 TRENCHER 1
** ACCOUNT 0353000100
---
10
---
P00000000530 30000 GALLON STORAGE TANKS 2
P00000003241 NEW BULK PLANT 1
** ACCOUNT 0353000300
--
3
--
P00000003245 SIGN --
** ACCOUNT 0353000800 1
--
P00000002523 MICROVIEWER 1
P00000003256 SCM TYPEWRITER 1
P00000003260 DIEBOLD SAFE 1
P00000003267 VACUUM 1
P00000003268 MICROWAVE 1
P00000003269 REFRIGERATOR 1
P00000003270 FILES 4
P00000003271 HON DESK 1
</TABLE>
PAGE 44
<PAGE> 167
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 003
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000003272 STENO CHAIRS 3
P00000003273 GLOBAL CHAIR 1
P00000003274 RUBBERMAID MATS 3
P00000003275 FOLDING TABLE 1
P00000003276 STACK CHAIR 8
P00000003277 BOOKCASES WITH WALNUT DOORS 2
P00000003278 RUBBERMAID MAT 1
P00000003279 BOOKCASE 1
P00000004679 VICTOR 305 1
P00000048422 CARPET 1
** ACCOUNT 0357000100
---
33
---
P00000035779 RADIO/MOBIL STATION 6
P00000035809 BASE STATION 1
P00000036022 MOBIL STATION/RADIO 3
** ACCOUNT 0357000100 ---
---
10
---
P00000040218 COMPUTER 386SX/ISIMB 1
P00000048299 IBM PS/V 486SX 1
P00000048324 IBM 14V COLR/S MONITOR 1
P00000050004 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200 --
4
--
</TABLE>
PAGE 45
<PAGE> 168
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 019
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** BRANCH 019
---
61
---
</TABLE>
PAGE 46
<PAGE> 169
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 020
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000001738 CORKEN COMPRESSOR 1
P00000001740 PAINT SPRAY COMPRESSOR 1
P00000012595 DEGREE DAY CLOCK 1
P00000014708 PIPE THREADER 1
P00000037170 PRESSURE WASHER 1
P00000038011 PUMPING STATION 1
P00000038850 TRENCHER 1
P00000041674 PUMPING STA/ELECTRICAL 1
P00000042067 STORAGE CABINET/CYLINDER 16
P00000048237 LAWN TRACTOR 1
** ACCOUNT 0353000100
---
25
---
P00000000535 18000 GALLON STORAGE TANKS 2
P00000000536 PLANT IMPROVEMENTS 1
P00000000537 PLANT IMPROVEMENTS 1
P00000000538 WELL 1
P00000031552 18000 GAL-WEST MILGROVE 1
P00000040139 WIRING 1
** ACCOUNT 0353000300
--
7
--
P00000041679 SIGN 1
** ACCOUNT 0353000800
--
1
--
P00000003296 4-DRAWER FILE 1
P00000003303 FILE CABINET 1
</TABLE>
PAGE 47
<PAGE> 170
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 020
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000003307 BROWN DESK 1
P00000003308 CHAIRS 2
P00000005531 MICROWAVE 1
P00000045970 COPIER 1
** ACCOUNT 0357000000
--
7
--
P00000002375 TOWER & BASE
P00000035780 RADIO/MOBIL STATION 5
P00000035810 BASE STATION 1
P00000036023 MOBIL STATION/RADIO 2
P00000046991 RADIO 1
** ACCOUNT 0357000100
--
9
--
P00000040236 COMPUTER 386SX/ISIMB 1
P00000046006 PC 1523604477 1
P00000046021 COLOR MONITOR 1
P00000050005 9600 MODEM & CALBES/ROBOTICS 1
** ACCOUNT 0357000200
--
4
--
** BRANCH 020
---
53
---
</TABLE>
PAGE 48
<PAGE> 171
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 021
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000641 PUMPING STATION - AT PLANT 1
P00000009099 RAND AIR COMPRESSOR 1
P00000012596 DEGREE DAY CLOCK 1
P00000044350 FREON RECOVERY UNIT 1
** ACCOUNT 0353000100
--
4
--
P00000005863 30000 GALLON STORAGE TANK 1
P00000005865 12000 GALLON STORAGE TANK 1
P00000006562 INSTALLATION OF 490 COMPRESSOR 1
P00000006873 ELECTRIC HOOKUP - COMPRESSOR 1
** ACCOUNT 0353000300
--
4
--
P00000006876 FUELGAS SIGN 1
P00000008241 PLEX SIGN 4X16X4X8 1
** ACCOUNT 0353000800
--
2
--
P00000005877 4-DRAWER FILE CABINET 1
P00000005880 DESK - 4-DRAWER (WOODGRAIN) 1
P00000005881 DESK - 4-DRAWER (WOODGRAIN) 1
P00000005882 2-DRAWER FILE CABINET 1
P00000005883 TENNSCO STORAGE CABINET 1
P00000005886 UNISONIC X11 1
P00000006477 MICROVIEWERS 1
P00000008240 TILE FLOOR COMPLETE 1
P00000012347 FLOOR SAFE 1
</TABLE>
PAGE 49
<PAGE> 172
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 021
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0357000000
--
9
--
P00000035781 RADIO/MOBIL STATION 6
P00000035811 BASE STATION 1
P00000036019 MOBIL STATION/RADIO 1
** ACCOUNT 0357000100
--
8
--
P00000040204 COMPUTER 386SX/ISIMB 1
P00000046008 COMPUTER 1
P00000046663 MONITOR 1
P00000048281 IBM 14V COLOR MONITOR 1
P00000048290 IBM PS/V 486SX 1
P00000050006 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
6
--
** BRANCH 021
---
33
---
</TABLE>
PAGE 50
<PAGE> 173
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 022
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000001749 SCALES 1
P00000001750 APPLIANCE CART 1
P00000001752 CYLINDER VISE 1
P00000001753 SCALES 1
P00000001755 SCALES 1
P00000001758 COMPRESSOR 1
P00000012597 DEGREE DAY CLOCK 1
P00000045864 TRACTOR/LAWNMOVER 1
P00000045868 TRENCHER 1
** ACCOUNT 0353000100 1
--
9
--
P00000000541 18000 GALLON STORAGE TANK 1
P00000000542 18000 GALLON STORAGE TANK 1
P00000000543 PIPING EQUIPMENT 1
P00000000544 MOVING TANK 1
P00000003852 USED WAREHOUSE 1
P00000003853 USED WAREHOUSE 1
P00000041081 PIPING/TRANSPORT UNLOAD 1
** ACCOUNT 0353000300 1
--
7
--
P00000000548 SIGN 1
** ACCOUNT 0353000800
--
1
--
P00000003309 OFFICE MACHINES 1
P00000003310 UTILITY TABLE 1
</TABLE>
PAGE 51
<PAGE> 174
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 022
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000003316 MICRONVIEWER 1
P00000048129 COPIER 1
** ACCOUNT 0357000000
--
4
--
P00000035782 RADIO/MOBIL STATION 5
P00000035812 BASE STATION 1
P00000049407 RADIO 1
** ACCOUNT 0357000100
--
7
--
P00000040208 COMPUTER 386SX/ISIMB 1
P00000050007 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
2
--
** BRANCH 022
---
3
---
</TABLE>
PAGE 52
<PAGE> 175
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 023
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000549 APPLIANCE DOLLY 1
P00000000550 FURNANCE VACUUM 1
P00000000551 MACHINES & PARTS 1
P00000000552 MONEY SAFE 1
P00000000553 CORKEN PUMP 1
P00000000554 SCALE 1
P00000003601 PUMPING STA/LARRY WILCOX 1
P00000004617 PUMPING STATION - WOODLANDS WATER CAMPGROUND 1
P00000012598 DEGREE DAY CLOCK 1
P00000037065 TRENCHER 1
P00000046703 POWER WASHER 1
** ACCOUNT 0353000100
---
11
---
P00000000558 PLANT IMPROVEMENTS 1
P00000003318 30000 GAL TANK 1
P00000031340 30000 GAL STORAGE TANK 1
P00000036203 CONCRETE SUPPORT 1
** ACCOUNT 0353000300
--
4
--
P00000003325 PERMANENT SIGN 1
--
1
--
P00000002525 VICTOR 605 1
P00000003326 ANSWERING SERVICE 1
P00000003330 BEIGE FILE CABINET 1
</TABLE>
PAGE 53
<PAGE> 176
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 023
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000003331 CHAIRS 2
P00000003333 FILE 1
P00000003334 WALL CABINET 1
P00000004714 VICTOR 305 1
P00000028345 FLOOR 1
P00000045971 COPIER 1
** ACCOUNT 0357000000
---
10
---
P00000035783 RADIO/MOBIL STATION 4
P00000035813 BASE STATION 1
P00000049798 RADIO/MOBIL STATION 2
** ACCOUNT 0357000100
--
7
--
P00000040234 COMPUTER 386SX/ISIMB 1
P00000040246 COMPUTER 386SX/ISIMB 1
P00000041781 MONITOR/DISPLAY COLOR 1
P00000048291 IBM PS/V 486SX 1
P00000048334 IBM 14V COLR/S MONITOR 1
P00000050008 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
6
--
** BRANCH 023
---
39
---
</TABLE>
PAGE 54
<PAGE> 177
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 024
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000012789 WET/DRY VACCUM 1
P00000015287 TENTS & ACCESSORIES 2
P00000025664 DOCK PLATE-TRUCK 1
P00000031308 PLATENS 1
P00000044213 PALLET RACKING 1
P00000045557 CASCADE CLAMP 1
P00000046718 FORKLIFT SER# 23500785152 1
P00000047664 TENT 4
P00000048032 FLOOR SCALE 1
P00000048415 FORKLIFT 1
P00000048496 SHELVING 1
P00000048974 PART OF FLOOR SCALE 1
P00000049086 FORKLIFT ADDITION 1
** ACCOUNT 0353000100
---
17
---
P00000002447 IBM TYPEWRITER 1
P00000004669 VICTOR 605 1
P00000004670 VICTOR 605 1
P00000004733 VICTOR 605 1
P00000031828 POSTAGE MACHINE 1
P00000032234 LENOX AIR CONDITIONER 1
P00000033474 SHELVES 1
P00000048131 COPIER 1
P00000049792 DESK 1
** ACCOUNT 0357000000
--
9
--
P00000046720 MULTIPLEXOR 1
P00000046885 IBM PC MODEM 1
</TABLE>
PAGE 55
<PAGE> 178
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 024
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000047759 DISK - TRUCK ROUTING SYS 1
P00000049986 VT420 1
P00000049987 VT420 1
P00000049988 VT420 1
P00000049989 VT420 1
** ACCOUNT 0357000200
--
7
--
** BRANCH 024
---
33
---
</TABLE>
PAGE 56
<PAGE> 179
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 025
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000559 FURNACE VACUM 1
P00000000560 4-HORSEPOWER COMPRESSOR 1
P00000001759 SCALE 1
P00000001760 SCALE 1
P00000001767 PAINT SPRAYER 1
P00000001768 COMP 1
P00000001770 DOLLY 1
P00000001776 FLOW PREVENTER 1
P00000001777 STEAM CLEANER 1
P00000003503 1/2" MAGNUM HOLESHOOTER 1
P00000003635 ELECTRIC POWER BRUSH 1
P00000011632 PUMPING STATION-GULF WESTERN 1
P00000012599 DEGREE DAY CLOCK 1
P00000015285 WATER SOFTENER TEST KIT 1
P00000018666 ELECTRIC PIPE THREADER 1
P00000022941 TOLEDO SCALE 1
P00000027601 SNOW PLOW 1
P00000034678 PUMP/CONNECTOR ETC 1
P00000039203 TRENCHER 1
P00000043982 VAPORIZER 1
** ACCOUNT 0353000100
---
20
---
P00000000561 12000 GALLON STORAGE TANK 1
P00000000562 26000 GALLON STORAGE TANK 1
P00000000563 NEW BULK PLANT 1
P00000000565 PUMP & WIRING 1
P00000000566 COMPRESSOR 1
P00000000567 COMPRESSOR 1
P00000000568 CORKEN PUMP 1
P00000003335 INSTALL BULK HEADS 1
P00000028353 30000 WARNER-TWP-STORAGE 1
</TABLE>
PAGE 57
<PAGE> 180
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 025
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000033226 PIPING 1
P00000037064 30000 GALLON TANK 1
P00000038906 INSTALATION/30000 GAL 1
** ACCOUNT 0353000300
---
12
---
P00000003340 PERMANENT SIGN 1
P00000003341 PORTABLE SIGN 1
** ACCOUNT 0353000800
--
2
--
P00000002932 VICTOR ADDING MACHINE 1
P00000003311 MICROVIEWER 1
P00000003344 BEIGE 4-DRAWER FILE 1
P00000003345 BROWN-TOP DESK 1
P00000003346 BROWN-TOP 2-DRAWER DESK 1
P00000003347 BLACK SWIVEL CHAIR 1
P00000003350 BROWN WOODEN EXECUTIVE DESK 1
P00000003351 BLACK CHAIR 1
P00000003353 BROWN STACK CHAIRS 5
P00000003359 LATHAM TIME CLOCK 1
P00000003361 GREEN 4-DRAWER FILE 1
P00000003362 BEIGE 4-DRAWER FILE 1
P00000003367 PAYMASTER 1
P00000003368 YORK SAFE 1
P00000003378 LUXAIRE CONDITIONER 1
P00000015144 CANON COPIER 1
</TABLE>
PAGE 58
<PAGE> 181
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 025
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0357000000
---
20
---
P00000035784 RADIO/MOBIL STATION 7
P00000035814 BASE STATION 1
P00000036024 MOBIL STATION/RADIO 3
** ACCOUNT 0357000100
---
11
---
P00000041761 CPU 286/386 PC386SX/IS IMB 1
P00000041783 MONITOR/DISPLAY COLOR 1
P00000046730 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
3
--
** BRANCH 025
---
68
---
</TABLE>
PAGE 59
<PAGE> 182
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 026
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000571 FURNACE 1
P00000001783 KRUG COMP 1
P00000001784 PAINT SPRAY GUN 1
P00000001786 VISE 1
P00000001787 LADDER 1
P00000004170 PUMPING STA/LEWISTON HDWRE 1
P00000012600 DEGREE DAY CLOCK 1
P00000022324 PIPE TREADER 1
P00000036896 PUMPING STATION 1
P00000041227 TRENCHER 1
P00000043499 FILL STATION/GAYLORD TRUE VALUE 1
** Account 0353000100
---
11
---
P00000000494 12000 GALLON STORAGE TANK 1
P00000000572 12000 GALLON STORAGE TANK 1
P00000000573 REPIPING - ELECTRIC 1
P00000000574 NEW BULK PLANT 1
P00000000576 30000 GALLON STORAGE TANK 1
** ACCOUNT 0353000300 1
---
5
---
P00000002720 PORTABLE SIGN 1
P00000003380 PERMANENT SIGN 1
** ACCOUNT 0353000800 1
---
2
---
P00000003393 BEIGE 4-DRAWER FILE 1
</TABLE>
PAGE 60
<PAGE> 183
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 001
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000003583 MICROWAVE 1
P00000004405 64 YARDS OF CARPET 1
P00000046888 COPY MACHINE 1
** ACCOUNT 0357000000 --
4
--
P00000035815 BASE STATION 1
P00000036025 MOBIL STATION/RADIO 1
P00000046557 MOBIL STA/RADIO 1
P00000046564 MOBIL STATION/RADIO 1
** ACCOUNT 0357000100 --
4
--
P00000046502 9600 MODEM & CABLES/ROBOTICS 1
P00000046503 MONITOR 1
P00000046504 COMPUTER 1
P00000050009 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200 --
4
--
** BRANCH 026
---
30
---
</TABLE>
PAGE 61
<PAGE> 184
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 027
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000579 TRI-STAND VISE 1
P00000001788 FURNACE VAC 1
P00000001795 KRUG COMP 1
P00000001796 AIR COMP & GUN 1
P00000001797 AIR SCRIBE 1
P00000005655 LAWN MOWER 1
P00000012601 DEGREE DAY CLOCK 1
P00000022122 PUMPING STATION 1
P00000041248 TRENCHER 1
P00000045858 LAWNMOWER 1
** ACCOUNT 0353000100
---
10
---
P00000000580 6000 GALLON STORAGE 1
P00000000583 PLANT IMPROVEMENTS 1
P00000000584 COMPRESSOR 1
P00000000585 PLANT IMPROVEMENTS 1
P00000000586 TRANSPORT UNLOADING EQUIPMENT 1
P00000000587 ELECTRICAL SERVICE 1
P00000000588 12000 GALLON STORAGE TANK 1
P00000003402 30000 GAL TANK 1
P00000033227 ESV PUMP 1
P00000035737 WIRING 1
P00000040101 320 GALLON TANK 1
P00000046706 30000 GAL STORAGE TANK 1
P00000046712 TANK SET/ONAWAY 1
P00000046732 ELECTRIC - ONAWAY 1
** ACCOUNT 0353000300
---
14
---
</TABLE>
PAGE 62
<PAGE> 185
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 027
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000003404 PERMANENT SIGN 1
P00000003405 PORTABLE SIGN 1
** ACCOUNT 0353000800
--
2
--
P00000003416 CASH DRAWER 1
P00000048973 COPY MACHINE 1
** ACCOUNT 0357000000
--
2
--
P00000035786 RADIO/MOBIL STATION 5
P00000036026 MOBIL STATION/RADIO 1
** ACCOUNT 0357000100
--
6
--
P00000046566 9600 MODEM & CABLES/ROBOTICS 1
P00000046569 MONITOR 1
P00000046571 COMPUTER 1
** ACCOUNT 0357000200
--
3
--
** BRANCH 027
---
37
---
</TABLE>
PAGE 63
<PAGE> 186
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 028
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000589 SAFE 1
P00000000590 SAW 1
P00000000591 APPLIANCE CART 1
P00000008607 PUMPING STATION-AQUAMIST 1
P00000012724 PIP THREADER 1
P00000026635 FILL STATION-GUARDIAN GLASS 1
P00000037049 TRENCHER 1
P00000044353 FREEON RECOVERY UNIT 1
** ACCOUNT 0353000100
--
8
--
P00000000593 14747 GALLON NEWPORT 1
P00000000594 30000 GAL TANK 1
P00000000595 15000 GAL TANK 1
P00000000596 6000 GAL TANK 1
P00000000597 5500 GAL TANK 1
P00000000598 18000 GALLON TANK-DUNDEE 1
P00000003727 INSTALLATION OF BULK HEADS - DUNDEE 1
P00000039788 REPIPING 1
P00000040288 REPIPING 1
** ACCOUNT 0353000300
--
9
--
P00000003426 PERMANENT SIGN 1
** ACCOUNT 0353000800
--
1
--
P00000003431 MICROVIEWER 1
</TABLE>
PAGE 64
<PAGE> 187
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 028
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000003432 FURNITURE & FIXTURES - PHILLIPS 1
P00000047070 DESK 1
P00000048494 COPY MACHINE 1
P00000049793 DESK 1
** ACCOUNT 0357000000
--
5
--
P00000002412 TOWER 1
P00000035787 RADIO/MOBIL STATION 5
P00000035817 BASE STATION 1
P00000036027 MOBIL STATION/RADIO 1
** ACCOUNT 0357000100
--
8
--
P00000040237 COMPUTER 386SX/ISIMB 1
P00000050010 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
2
--
** BRANCH 028
---
33
---
</TABLE>
PAGE 65
<PAGE> 188
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 029
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000012016 FURNACE VAC W/HOSE & TOOLS 1
P00000012186 PUMPING STATION 1
P00000012745 DEGREE DAY CLOCK 1
P00000038012 PUMPING STATION 1
P00000044066 LAWN TRACTOR 1
P00000048033 TRENCHER 1
** ACCOUNT 0353000100
--
6
--
P00000007402 2 30,000 GALLON STORAGE TANK 1
P00000007403 FILLING EQUIP-PIPING-MATERIALS-LABOR 1
** ACCOUNT 0353000300
--
2
--
P00000006874 FUELGAS SIGN 1
P00000009391 INSTALL NEW SIGN 1
** ACCOUNT 0353000800
--
2
--
P00000004803 VICTOR 305 1
P00000009392 CREDENZA 1
P00000009393 30X60 DESKS 2
P00000009394 24X45 DESK 1
P00000009395 STENO CHAIRS 2
P00000009396 SIDE CHAIRS /ARMS 4
P00000009397 4 DR FILES 4
P00000009398 2 DR FILE W/LOCK 1
P00000011134 DIEBOLD SAFE #18956 1
</TABLE>
PAGE 66
<PAGE> 189
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 029
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000011357 PHONE SYSTEM 1
** ACCOUNT 0357000000
---
18
---
P00000009598 ROHN TOWER 64FT 1
P00000035788 RADIO/MOBIL STATION 5
P00000035818 BASE STATION 1
P00000035028 MOBIL STATION/RADIO 1
** ACCOUNT 0357000100
--
8
--
P00000050011 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
1
--
** BRANCH 029
---
37
---
</TABLE>
PAGE 67
<PAGE> 190
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 030
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000599 APPLIANCE CART 1
P00000000600 WET - DRY VAC 1
P00000000601 PUMP 1
P00000000602 PUMP 1
P00000000603 PLATFORM SCALE 1
P00000003952 PUMPING STATION 1
P00000011358 SPRAY PAINTER 1
P00000012746 DEGREE DAY CLOCK 1
P00000037017 TRENCHER 1
** ACCOUNT 0353000100
--
9
--
P00000000607 30000 GAL TANK 1
P00000000608 6000 GAL TANK 1
P00000000609 6000 GAL TANK 1
P00000000610 PLANT REVAMPING 1
P00000000611 PLANT REVAMPING 1
P00000000612 PLANT REVAMPING 1
P00000000613 PLANT REVAMPING 1
P00000000614 LOADING DOCK 1
P00000000615 COMPRESSOR 1
P00000000616 INSTALLATION OF BULK HEADS 1
P00000000617 30000 GAL TANK -HOMER 2
P00000005706 POLE BARN 30 X 90 1
P00000046896 GARAGE DOORS 4
** ACCOUNT 0353000300
---
17
---
P00000000618 SIGN 1
</TABLE>
PAGE 68
<PAGE> 191
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 030
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0353000800 --
1
--
P00000003434 EUREKA VACUUM 1
P00000003435 MICRON 750 VIEWERS 2
P00000004598 END TABLE & SIX FOOT TABLE 2
P00000004687 VICTOR 605 1
P00000005534 DIEBOLD SAFE 1
P00000037797 TILE - CERAMIC 1
** ACCOUNT 0357000000 --
8
--
P00000002421 TOWER 1
P00000035789 RADIO/MOBIL STATION 6
P00000035819 BASE STATION 1
P00000036029 MOBIL STATION/RADIO 2
** ACCOUNT 0357000100 ---
10
---
P00000040221 COMPUTER 386SX/ISIMB 1
P00000046194 ROBOTIC MODEM 1
P00000046195 COLOR MONITOR 1
P00000049997 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200 --
4
--
</TABLE>
PAGE 69
<PAGE> 192
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 030
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** BRANCH 030
---
49
---
</TABLE>
PAGE 70
<PAGE> 193
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 001
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000003449 COMPRESSOR & EQUIP 1
P00000006236 PIPE DIE SET 1
P00000006255 TRI-POD 1
P00000012761 DEGREE DAY CLOCK 1
P00000036894 TRENCHER 1
P00000048190 POWER WASHER 1
** ACCOUNT 0353000100 --
6
--
P00000003450 18000 GAL TANKS 2
P00000003451 COMPRESSOR & BULK HEADS 1
P00000011875 BLOCK WALLS FOR CAR PORT 1
P00000028349 PLANT IMPR 1
P00000038565 ROOF 1
** ACCOUNT 0353000300 --
6
--
P00000050063 SIGN 1
** ACCOUNT 0353000800 --
1
P00000003452 OFFICE EQUIPMENT 1
P00000003453 OFFICE CHAIR 1
P00000003505 DIEBOLD SAFE 1
P00000004688 VICTOR 120 1
P00000006172 AIR CONDITIONING SYSTEM 1
P00000011655 PHONE EQUIPMENT 1
P00000023540 CARPET 1
</TABLE>
PAGE 71
<PAGE> 194
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 031
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000045972 COPIER 1
** ACCOUNT 0357000000
--
7
--
P00000035790 RADIO/MOBIL STATION 5
P00000035820 BASE STATION 1
P00000036030 MOBIL STATION/RADIO 1
P00000049797 RADIO/MOBIL STATION 2
** ACCOUNT 0357000100
--
9
--
P00000040203 COMPUTER 386SX/ISIMB 1
P00000041788 MONITOR/DISPLAY COLOR 1
P00000050012 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
3
--
** BRANCH 031
---
32
---
</TABLE>
PAGE 72
<PAGE> 195
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 033
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000293 DIESEL PUMP-CASS CITY 1
P00000019585 DIESEL PUMP 1
P00000043369 POWER WASHER 1
P00000043414 MACHINERY & EQUIPMENT 1
P00000045924 HYDRULIC SYSTEM 5
** ACCOUNT 0353000100
--
9
--
P00000000294 24000 GALLON DIESEL TANK 1
P00000000295 RETENTION POND 1
P00000000296 STONE 1
P00000004777 20000 GALLON STORAGE TANK 1
P00000020463 SECURITY LIGHTING 1
** ACCOUNT 0353000300
--
5
--
P00000002433 VICTOR CALCULATOR 1
P00000002434 HON FILE 1
P00000002435 FILE CABINET 1
P00000003317 CALCULATOR - VICTOR 1
P00000003600 MITA 600-D COPIER 1
P00000035972 CADEC 2000 SYSTEM/DATA LINK 1
P00000046477 LOCKER 8
P00000048420 COPY MACHINE 1
** ACCOUNT 0357000000
---
15
---
P00000040239 COMPUTER 386SX/ISIMB 1
</TABLE>
PAGE 73
<PAGE> 196
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 033
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000045867 TRUCK COMPUTER 20
P00000046877 IBM PC/COLOR DISPLAY 1
P00000046919 OFFICE READER 5
P00000046920 LOGTRACK/PROSERIES 5
P00000046921 COMM SOFTWARE/ORIG 1
P00000046922 COMM SOFTWARE/ADDT 4
P00000047137 TRIPMASTER RECORDER 1
P00000050013 9600 MODEM & CABLES/ROBOTICS 1
P00000050056 PRINTER EPSON FX-1050 1
P00000050057 PRINTER/EPSON FX-1050 1
** ACCOUNT 0357000200
---
41
---
** BRANCH 033
---
70
---
</TABLE>
PAGE 74
<PAGE> 197
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 034
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000619 DRILL #1479R 1
P00000000620 BRAKE BLEEDER 1
P00000000621 ELECTRIC WATER HEATER 1
P00000000622 INFRA-RED PERFORMANCE ANALZER 1
P00000000623 WRENCH 1
P00000000624 WALKER 25-TON PRESS 1
P00000000625 DRILLS 1
P00000000626 JACKS 1
P00000001798 LADDER 1
P00000001799 CART 1
P00000001800 4 TON JACK 1
P00000001801 10 TON JACK 1
P00000001802 TRANS JACK 1
P00000001803 JACK STAND 1
P00000001806 STAND 1
P00000001807 1 TON CRANE 1
P00000001808 ALLISON ADAPTOR 1
P00000001809 ALLISON ADAPTOR 1
P00000001810 LUBRICATOR 1
P00000001812 VOLTAGE TESTER 1
P00000001813 EXHAUST ANALYZER 1
P00000001814 AMP TESTER & STAND 1
P00000001815 PAINT GUN 1
P00000001816 KAL EQUIP 1
P00000001817 HANSON DIE & TAP SET 1
P00000001818 VISE 1
P00000001819 BATTERY CHARGER 1
P00000001820 DRILL 1
P00000001821 HYDROMETER 1
P00000001822 DRILL #1472 1
P00000001823 DRILL #1268 1
P00000001824 AIR WRENCH 1
P00000001825 PRESSURE WASHER 1
P00000001826 DRUM MICROMETER 1
</TABLE>
PAGE 75
<PAGE> 198
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 034
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000001827 500 GAL STEEL TANK 1
P00000003746 STORAGE BIN FOR PARTS 1
P00000005664 INSTAL RECOVERY TANK 1
P00000009464 PAINT CABINET 1
P00000011228 BOILER 1
P00000021440 PUMP HOSE & HOOD 1
P00000026930 WELDER 1
P00000045920 DRY BAND SAW 1
P00000046702 SERVICE JACK/10 TON 1
** ACCOUNT 0353000100
---
43
---
P00000020462 SECURITY LIGHTING 1
** ACCOUNT 0353000300
---
1
---
P00000000627 2 DOOR SECTION 1
P00000000628 GARAGE FROM FLINT 1
P00000003455 GARAGE 1
P00000039780 GARAGE DOOR 1
P00000041080 CEMENT PAD 1
** ACCOUNT 0353000400
--
5
--
P00000003460 FILE 1
P00000003461 CUSTOM CURTAINS 2
P00000003506 SALES TAX ON CURTAINS 1
P00000004690 VICTOR 605 1
</TABLE>
PAGE 76
<PAGE> 199
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 034
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0357000000
--
5
--
P00000036035 MOBIL STATION/RADIO 8
** ACCOUNT 0357000100
--
8
--
P00000040356 VT420 1
P00000050014 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
2
--
** BRANCH 034
---
64
---
</TABLE>
PAGE 77
<PAGE> 200
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 036
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000001811 TIMING LIGHT 1
P00000005893 INFRA-RED TESTER 1
P00000005894 VOLT AMP TESTER 1
P00000005982 WORK BENCH 1
P00000006033 DIE & TAP SET 1
P00000006256 PUMP (LINE GREASE) 1
P00000006309 IMPACT GUN 1
P00000006310 JACK 1
P00000006311 WHEEL DOLLY 1
P00000006312 ENGINE STAND 1
P00000006313 2-TON CRANE 1
P00000006314 4-TON SERVICE JACK 1
P00000006315 10-TON JACK STAND 1
P00000006316 10-TON JACK STAND 1
P00000007180 MILWAUKEE BENCH GRINDER 1
P00000007181 GRINDER MILWAUKEE 1
P00000007864 WALKER PRESS & BOOTH 1
P00000008853 BALANCER 1
P00000009462 PAINT CABINET 1
P00000010879 LUBER PUMP 1
P00000011676 SPRAY PAINTER 1
P00000015342 CORKEN PUMP 1
P00000021458 ELECTRIC WELDER 1
P00000031407 WASHER-GRIME BUSTER-MODEL 800 1
P00000033546 POWERMATE PLASMA 1
P00000037051 AIR COMPRESSOR 1
P00000044076 10 TON JACK 1
P00000046671 POWER WASHER 1
P00000047864 TUBE HEATER 2
** ACCOUNT 0353000100 ---
30
---
</TABLE>
PAGE 78
<PAGE> 201
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 036
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000015841 POWER HACKSAW 1
** ACCOUNT 0353000400 1
--
1
--
P00000005981 SHELF UNITS 1
P00000006648 HEATER (GORDON RAY) 1
P00000006649 HEATER (GORDON RAY) 1
P00000006877 XL60 REZNOR HEATER 1
P00000006878 XL105 REZNOR HEATER 1
P00000045977 COPIER 1
** ACCOUNT 0357000000
--
6
--
P00000049983 MONO AMBER TERM USA 1
P00000050015 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
2
--
** BRANCH 036
---
39
---
</TABLE>
PAGE 79
<PAGE> 202
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 037
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000011710 MOTOR FILL STATIONS 1
P00000012808 MISC TOOLS & EQUIP 1
P00000031669 AIR CONDITIONER 1
P00000032233 OTHER EQUIPMENT 1
P00000038522 MACHINERY & EQUIP 1
**ACCOUNT 03530001000
--
5
--
P00000011688 30000 GAL TANK - CASEY 1
P00000011689 12000 GAL TANK - CASEY 1
P00000032215 5984 GAL STORAGE TANK 1
P00000032216 8000 GAL STORAGE TANK 1
P00000032217 10000 GAL STORAGE TANK 1
P00000038508 30000 GAL TK-HILDAGO ELEVATOR 1
P00000038509 30000 GAL TK-HILDAGO 1
P00000038510 18000 GAL TK-HILDAGO 1
P00000038511 18000 GAL TK-HILDAGO 1
**ACCOUNT 0353000300
--
9
--
P00000011714 ADDING MACHINE 4
P00000011715 CASH REGISTERS 1
**ACCOUNT 0353000400
--
5
--
P00000017919 SIGN INSTALLATION 1
</TABLE>
PAGE 80
<PAGE> 203
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 037
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0353000800
--
1
--
P00000032232 OFFICE EQUIPMENT 1
P00000034432 PAPER SHREDDER/OLNEY 1
P00000037798 CARPET/PAD 1
P00000038521 OFFICE EQUIP 1
P00000041613 PHONE SYSTEM 1
P00000045973 COPIER 1
** ACCOUNT 0357000000
--
6
--
P00000011711 BASE STATIONS 1
P00000011712 MOBILE UNITS 10
P00000021682 BASE STATIONS 1
** ACCOUNT 0357000100
---
12
---
P00000040200 COMPUTER 386SX/ISIMB 1
P00000050016 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
2
--
</TABLE>
PAGE 81
<PAGE> 204
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 037
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** BRANCH 037
---
40
---
</TABLE>
PAGE 82
<PAGE> 205
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 038
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000012961 20 TON SCALE WITH BASEMENT & BUILDING 1
P00000027726 PUMPING STA/NEWTON 1
P00000028354 MOTOR FUEL BOX 1
P00000044346 FREEON RECOVERY UNIT 1
P00000048239 LAWN TRACTOR 1
** ACCOUNT 0353000100
--
5
--
P00000012793 18000 GAL TANK 1
P00000012951 30,000 GALLON TANK 1
P00000012953 8,000 GALLON TANK 1
P00000012954 6,000 GALLON TANK 2
** ACCOUNT 0353000300
--
5
--
P00000015279 PORTABLE SIGN 1
P00000015281 SIGN LARGE 1
P00000017921 SIGN INSTALLATION 1
** ACCOUNT 0353000800
--
3
--
P00000012966 MISCELLANEOUS OFFICE EQUIPMENT 1
P00000022346 TILE AND CARPET 1
P00000048130 COPIER 1
</TABLE>
PAGE 83
<PAGE> 206
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 038
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0357000000
--
3
--
P00000013743 MOTOROLA RADIO 1
P00000013744 MOTOROLA RADIO 1
P00000013745 MOTOROLA RADIO 1
P00000013746 MOTOROLA RADIO 1
P00000021455 RADIOS 1
P00000021683 BASE STATIONS 1
** ACCOUNT 0357000100
--
6
--
P00000040223 COMPUTER 386SX/ISIMB 1
P00000050017 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
2
--
** BRANCH 038
---
24
---
</TABLE>
PAGE 84
<PAGE> 207
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 039
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000021673 MOTOR FILL STATIONS 1
P00000031729 MOWER 1
P00000044349 FREEON RECOVERY UNIT 1
P00000046727 PUMPING STA/MIDWEST RV & VAN/TERRA HAUTE, IN 1
P00000048233 TRENCHER W/RAMP 1
**ACCOUNT 0353000100
--
5
--
P00000011690 18000 GAL TANK - WEST UNION 1
P00000011691 12000 GAL TANK - WEST UNION 1
P00000032214 30000 GAL STORAGE TANK 1
**ACCOUNT 0353000300
--
3
--
P00000011713 TYPEWRITERS 1
**ACCOUNT 0353000400
--
1
--
P00000017918 SIGN INSTALLATION 1
P00000017920 SIGN INSTALLATION 1
P00000021675 SIGN LARGE 1
P00000021676 PORTABLE SIGN 1
**ACCOUNT 0353000800
--
4
--
P00000047710 TRUCK RADIO 4
</TABLE>
PAGE 85
<PAGE> 208
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 039
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000047711 BASE RADIO 1
** ACCOUNT 0357000100
--
5
--
P00000040207 COMPUTER 386SX/ISIMB 1
P00000050018 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
2
--
** BRANCH 039
---
20
---
</TABLE>
PAGE 86
<PAGE> 209
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 040
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000630 TANK & SKID & PUMP 1
P00000000632 METER 1
P00000000633 GAS ANALZER 1
P00000003733 KRUG COMPRESSOR 1
P00000005478 PUMPING STA/MONROEVILLE SCHOOL 1
P00000011285 TRACTOR 1
P00000015282 PUMPING STATION FORTHOSERS 1
P00000035496 MISC TOOLS & EQUIP 1
P00000038013 PUMPING STATION 1
P00000041647 PUMPING STATION/TRI CO OXYGEN 1
P00000043885 TRENCHER 1
P00000047076 SNOW PLOW 1
P00000048029 TRENCHER 1
** ACCOUNT 0353000100
---
13
---
P00000000634 30000 GAL TANK 1
P00000000635 18000 GAL TANK 1
P00000035480 30000 GALLON TANK 1
P00000039569 REPIPING 1
P00000039570 REPIPING 1
P00000039783 PLANT IMPROVEMENT 1
P00000039842 PUMPING STA/THOUSAND ADV 1
** ACCOUNT 0353000300
--
7
P00000000637 SIGN --
P00000037457 SIGN 1
P00000049270 SIGN 1
1
</TABLE>
PAGE 87
<PAGE> 210
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 040
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0353000800
--
3
--
P00000003463 4-DRAWER FIRE-PROOF FILES 5
P00000003464 4-DRAWER NON-FIRE PROOF FILE 1
P00000003467 METAL DESKS (5 BROWN, 2 BLACK) 4
P00000003468 CHAIRS 5
P00000003470 FOLDING TABLE 1
P00000003471 STACK CHAIRS 10
P00000003473 APF MARK 200 CALCULATORS
P00000003477 ELECTRIC PENCIL SHARPENER 1
P00000003479 CONSOLE HUMIDIFIER 1
P00000003480 750 MICROVIEWER 1
P00000003481 MICROVIEWER 1
P00000003482 MAIL MACHINE 1
P00000035497 OFFICE EQUIP 1
P00000037168 CARPET 1
P00000048409 COPY MACHINE 1
** ACCOUNT 0357000000
---
34
---
P00000002422 BASE & TOWER 1
P00000002423 RADIOS 6
P00000004604 MOBILE RADIO 1
** ACCOUNT 0357000100
--
8
--
P00000040209 COMPUTER 386SX/ISIMB 1
</TABLE>
PAGE 88
<PAGE> 211
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 040
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000044158 MONITOR 1
P00000050019 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
3
--
** BRANCH 040
---
68
---
</TABLE>
PAGE 89
<PAGE> 212
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 041
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000639 APPLIANCE CART
P00000004100 TEST KIT FOR WATER SOFTENERS 1
P00000006652 PUMPING STATION - PLANT 1
P00000034106 TRENCHER 1
P00000041045 TRENCHER 1
P00000044351 FREEON RECOVERY UNIT 1
P00000045863 TRACTOR/LAWNMOWER 1
** ACCOUNT 0353000100
--
6
--
P00000000642 18000 GAL TANK-BELLEVUE 1
P00000000643 30000 GAL TANK 1
P00000000644 30000 GAL TANK 1
P00000000645 18000 GAL TANK-GIBSONBURG 1
P00000000647 BULK STORAGE PLANT 1
P00000000648 30000 GAL TANK-BELLEVUE 1
P00000039571 REPIPING 1
P00000047809 UPGRADE SATELLITE 1
** ACCOUNT 0353000300
--
8
--
P00000000651 SIGN 1
** ACCOUNT 0353000800
--
1
--
P00000003483 OFFICE FURNITURE 1
P00000004558 MICRON 750 VIEWER 1
P00000004594 LUXAIRE FURNACE 1
</TABLE>
PAGE 90
<PAGE> 213
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 041
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000039786 CARPET 1
P00000045974 COPIER 1
** ACCOUNT 0357000000
--
5
--
P00000008119 BASE SOLID STATE-MIDLAND 1
P00000008120 MIDLAND 70-530B SYNTECH RADIOS 7
** ACCOUNT 0357000100
--
8
--
P00000040244 COMPUTER 386SX/ISIMB 1
P00000041878 PC386SX/ISIMB 1
P00000044157 MONITOR 1
P00000050020 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
4
--
** BRANCH 041
---
32
---
</TABLE>
PAGE 91
<PAGE> 214
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 042
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000653 APPLIANCE CART 1
P00000000654 PUMP 1
P00000000655 BLACK & DECKER DRILL 1
P00000008158 PUMPING STA/MIDDLE BASS ISLAND 1
P00000008652 PUMPING STATION-PLANT 1
P00000010914 TWIN BEAM SCALES 2
P00000019380 PUMPING STATION CABINET 1
P00000021443 HYDRO TRACTOR & MOWER #6913 1
P00000031480 FUEL STATION 1
P00000041046 TRENCHER 1
P00000044355 FREEON RECOVERY UNIT 1
P00000045667 ELECTRIC/KELLYS ISLAND 1
P00000046743 DEGREE DAY CLOCK 1
**ACCOUNT 0353000100
---
14
---
P00000000657 30000 GAL TANK 1
P00000000658 30000 GAL TANK 1
P00000000659 16000 GAL TANK-PUT IN BAY 1
P00000000660 30000 GAL TANK 1
P00000000661 10-1000 GAL TANKS AT PUT-IN-BAY 10
P00000000662 4-1000 GAL TANKS AT KELLY'S 4
P00000035481 18000 GALLON TANK 1
P00000035482 6000 GALLON TANK 2
P00000035483 1850 GALLON TANK 1
P00000038527 TANKS/PUT-IN-BAY 1
P00000039790 PLANT IMPROVEMENT 1
P00000043370 6000 GAL/PUT-IN-BAY 2
P00000045327 TK-KELLYS ISLAND 1
P00000047027 ELECTRIAL/PUT-IN-DAY SATELLITE 1
P00000048134 30000 GAL STORAGE TANK 1
P00000048138 PIPING 1
</TABLE>
PAGE 92
<PAGE> 215
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 042
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0353000300
---
30
---
P00000000665 SIGN 1
** ACCOUNT 0353000800
--
1
--
P00000003490 4-DRAWER FILE CABINET 1
P00000003491 750 MICRON READER 1
P00000003492 OFFICE EQUIPMENT - PHILLIPS 1
P00000011175 DRAPERIES 1
P00000011283 DIEBOLD SAFE 1
P00000046746 PHONE SYSTEM 1
P00000048406 COPY MACHINE 1
** ACCOUNT 0357000000
--
7
--
P00000008121 MIDLAND SOLID STATE BASE 1
P00000008122 MIDLAND 70-5308 SYNTECH RADIOS 9
** ACCOUNT 0357000100
---
10
---
P00000040215 COMPUTER 386SX/ISIMB 1
P00000040243 COMPUTER 386SX/ISIMB 1
P00000046016 COLOR MONITOR 1
P00000050021 9600 MODEM & CABLES/ROBOTICS 1
</TABLE>
PAGE 93
<PAGE> 216
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 042
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0357000200
--
4
--
** BRANCH 042
---
66
---
</TABLE>
PAGE 94
<PAGE> 217
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 043
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000666 PUMP 1
P00000000667 APPLIANCE CART 1
P00000004445 BALDOR ELECTRIC MOTOR 1
P00000004614 2-SPEED SAWZALL 1
P00000005461 PUMPING STATION-TIFFIN HARDWARE 1
P00000005509 PUMPING STA/TIFFIN ENTERPRISE 1
P00000012767 DEGREE DAY CLOCK 1
P00000013756 CUSTOMER FILLING STATION 1
P00000028489 PUMPING STATION 1
P00000041047 TRENCHER 1
** ACCOUNT 0353000100
---
10
---
P00000000668 18000 GAL TANK-CORRUTHERS 1
P00000000669 18000 GAL TANK 1
P00000000670 18000 GAL TANK 1
P00000000671 30000 GAL TANK-CORRUTHERS 1
P00000043398 ELECTRICAL 1
P00000048540 MOVE TANK 1
** ACCOUNT 0353000300
--
6
--
P00000000636 PORTABLE SIGN 1
P00000037458 SIGN 1
** ACCOUNT 0353000800
--
2
--
P00000003495 MICROVIEWER 1
</TABLE>
PAGE 95
<PAGE> 218
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 043
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000006560 CARPETING 1
P00000008651 AIR CONDITIONER 1
P00000048407 COPY MACHINE 1
** ACCOUNT 0357000000
--
4
--
P00000008123 MIDLAND SOLID STATE BASE 1
P00000008124 MIDLAND 70-530B SYNTECH RADIOS 5
P00000020027 MIDLAND 70-530B RADIO 1
P00000046993 RADIO 1
** ACCOUNT 0357000100
--
8
--
P00000040231 COMPUTER 386SX/ISIBM 1
P00000046721 9600 MODEM & CABLES/ROBOTICS 1
P00000046776 NCR 3865X CPU 1
** ACCOUNT 0357000200
--
3
--
** BRANCH 043
---
33
---
</TABLE>
PAGE 96
<PAGE> 219
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 044
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000004103 HACK SAW 1
P00000004446 GRINDER 1
P00000009404 METER W/STRAINER & C. PRINTER 1
P00000009463 PAINT CABINET 1
P00000011677 SPRAY PAINTER 1
P00000011723 ALIGNMENT TESTOR 1
P00000020294 WIRE WELDER/ACCESORY KIT 1
P00000027077 PHASE 3 COMPRESSOR 1
P00000048187 10 TON JACK 1
P00000048495 VAT SYSTEM 1
P00000048497 POWER WASHER 1
**ACCOUNT 0353000100
---
11
---
P00000000652 GARAGE EQUIP 1
P00000018712 ENGINE ANALYZER 1
P00000025195 CUTTER/PLASMA 1
**ACCOUNT 0353000400
--
3
--
P00000038412 300 GALLON ELEVATED TANK 1
**ACCOUNT 0353000500
--
1
--
P00000008125 MIDLAND 70-530B SYNTECH RADIOS 1
P00000011456 70-530B SYN-TECH 30 WATT UHF MOBILE RADIO 1
</TABLE>
PAGE 97
<PAGE> 220
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 044
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0357000100
--
2
--
P00000049968 MONO AMBER TERM USA 1
P00000050022 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
2
--
** BRANCH 044
---
19
---
</TABLE>
PAGE 98
<PAGE> 221
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 045
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000675 EQUIP 1
P00000000678 DRILL KIT 1
P00000012768 DEGREE DAY CLOCK 1
P00000036897 PUMPING STA/MARLENE BAKER 1
P00000037352 TRENCHER 1
P00000043292 PUMPING STA/ASHLAND PLANT 1
P00000044020 TRACTOR/48"DECK 1
P00000044352 FREEON RECOVERY UNIT 1
P00000049169 TRENCHER 1
** ACCOUNT 0353000100
--
9
--
P00000000679 12000 GAL TANK 1
P00000000680 12000 GAL TANK 1
P00000000681 18000 GAL TANK-SHELBY 1
P00000039841 INSTALLATION/TANKS 30000 GAL 1
P00000039873 ELECTRICAL WIRING 1
P00000039874 30000 GALLON TANK 1
P00000039875 30000 GALLON TANK 1
P00000040387 PAINT TANKS 1
P00000044139 PLANT IMPROVEMENT 1
** ACCOUNT 0353000300
--
9
--
P00000000682 PORTABLE SIGN 1
P00000004159 SIGN 1
P00000037456 SIGN 1
P00000043294 SIGN 1
</TABLE>
PAGE 99
<PAGE> 222
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 045
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0353000800
--
4
--
P00000003496 OFFICE FURNITURE 1
P00000003498 MICROVIEWER 1
P00000003499 4-DRAWER BEIGE FILES 2
P00000046379 COPIER 1
** ACCOUNT 0357000000
--
5
--
P00000002431 BASE & TOWER 1
P00000010935 CONTROL STATION 1
P00000010957 MIDLAND MOBIL RADIOS 1
P00000010958 MIDLAND MOBIL RADIOS 1
P00000010959 MIDLAND MOBIL RADIOS 1
P00000010960 MIDLAND MOBIL RADIOS 1
P00000010961 MIDLAND MOBIL RADIOS 1
P00000010962 MIDLAND MOBIL RADIOS 1
P00000010963 MIDLAND MOBIL RADIOS 1
P00000010964 MIDLAND MOBIL RADIOS 1
P00000020028 MIDLAND 70-530B RADIO 1
P00000047871 RADIO 1
** ACCOUNT 0357000100
---
12
---
P00000041765 CPU 286/386 PC386SX/IS IMB 1
P00000041770 CPU 286/386 PC386SX/IS IMB 1
P00000044159 MONITOR 1
</TABLE>
PAGE 100
F
<PAGE> 223
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 045
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000050023 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
4
--
** BRANCH 045
---
43
---
</TABLE>
PAGE 101
<PAGE> 224
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 046
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000041250 TRENCHER 1
** ACCOUNT 0353000100
--
1
--
P00000031572 30000 G STORAGE TK-PIPING-PUMP ETC 1
P00000031573 30000 SAT STORAGE ETC-WAUSEN 1
P00000031574 18000 SAT TK ETC-DEFIANCE 1
P00000037348 PIPING 1
P00000037351 PIPING-SUPPORTS 1
P00000038008 BULKHEAD 1
P00000049089 WIRING/WAUSEON SATELITE 1
** ACCOUNT 0353000300
--
7
--
P00000041249 300 GAL SKID TANK 1
** ACCOUNT 0353000500
--
1
--
P00000032398 SIGN 1
P00000033968 POLE 1
P00000035822 SIGN 1
** ACCOUNT 0353000800
--
3
--
P00000031730 BLACK CHAIR 1
P00000031731 WASTEBASKET 1
</TABLE>
PAGE 102
<PAGE> 225
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 046
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000031732 SHELF 2
P00000031733 METAL DESK 1
P00000031734 FILE CABINET/2 DRAWER 1
P00000031736 WASTEBASKET 2
P00000031737 METER/DEGREE DAY 1
P00000031739 FILE/LETTERSIZE 4 DRAWER 4
P00000031743 VACUMN SWEEPER 1
P00000031744 FILE/LETTERSIZE 4 DRAWER 1
P00000031745 METAL DESK 1
P00000031748 DESK MAT 1
P00000031749 CHAIR/GREEN 1
P00000031750 WASTE BASKET 2
P00000031751 TABLE 2
P00000031752 WINDOW BLINDS 1
P00000031754 ALARM SYSTEM 1
P00000031755 POP MACHINE 1
P00000031759 FOLDING TYPEWRITER STAND 1
P00000031760 CHAIR/GREEN 1
P00000031761 WASTEBASKET 2
P00000031762 TELEPHONE SYSTEM 1
P00000031764 DESK MAT 2
P00000031765 CHAIR/TAN 2
P00000031766 METAL DESK 1
P00000031768 TYPEWRITER/SMITH CORONA 1
P00000031770 SHELF 3
P00000031771 FOLDING TABLE 1
P00000031772 FILE/2 DRAWER LETTERSIZE 1
P00000031774 FILE/4 DRAWER LEGALSIZE 1
P00000031776 CALC/CASIO 1
P00000031777 SHELF 3
P00000031779 CHAIR/GRAY 1
P00000031780 WASTEBASKET 1
P00000031781 FOLDING TABLE 1
P00000031782 TYPEWRITER/SMITH CORONA 1
</TABLE>
PAGE 103
<PAGE> 226
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 046
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000031783 HEATER/TOASTMASTER 1
P00000031784 SHELF 3
P00000031785 COFFEE MAKER 1
P00000031786 COFFEE CART 1
P00000031787 WASTEBASKET 3
P00000031788 REFRIGERATOR/SEARS 1
P00000031789 SAFE/SCHWAB 1
P00000031790 TABLE 1
P00000031791 TABLE/MICROWAVE 1
P00000031792 MICROWAVE/WHIRLPOOL 1
P00000031793 GE TOASTER OVEN 1
P00000031794 FILE/4 DRAWER LETTERSIZE 1
P00000031795 SHELF/COLD ROOM 1
P00000031796 FIRE EXTINGUISHER 3
P00000031797 DRINKING FOUNTAIN 1
P00000031798 FILE/2 DRAWER DBLE WALL GREEN 1
P00000031799 SHELF 3
P00000031800 WASTEBASKET 1
P00000031801 METAL DESK 1
P00000031802 CHAIR 2
P00000031803 DESK MAT 1
P00000031810 TABLE/FOLDING 3
P00000031813 TABLE/POSTAGE METER 1
P00000031815 SHELF UNIT 2
P00000031816 TRIPOD BULLETIN BOARD 1
P00000046874 COPY MACHINE 1
** ACCOUNT 0357000000
---
88
---
P00000036037 BASE STATION 1
P00000046994 RADIO 1
</TABLE>
PAGE 104
<PAGE> 227
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 046
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0357000100
--
2
--
P00000040232 COMPUTER 386SX/ISIMB 1
P00000041758 CPU 286/386 PC386SX/IS IMB 1
P00000041786 MONITOR/DISPLAY COLOR 1
P00000050024 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
4
--
** BRANCH 046
----
106
----
</TABLE>
PAGE 105
<PAGE> 228
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 047
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000043794 CONST HEATER 1
P00000044146 TRACTOR/MOWER 1
** ACCOUNT 0353000100
--
2
--
P00000031582 30000 GAL TK/PIPING/PUMP ETC 4
P00000031573 REPIPE-TOLEDO 1
P00000041225 ROOF 1
P00000046907 REPAIR 30000 TANK 1
** ACCOUNT 0353000800
--
7
--
P00000032399 SIGN
P00000033969 POLE 1
P00000035172 SIGN 1
** ACCOUNT 0353000800
--
2
--
P00000031818 DESK 1
P00000031819 TYPEWRITER/SMITH CORONA 1
P00000031820 CHAIR 9
P00000031821 CALCULATOR/CASIO 2
P00000031822 PHONE 5
P00000031825 FILING CABINET/4 DRAWER 3
P00000031826 FILING CABINET/2 DRAWER 5
P00000031827 PAPER CUTTER 1
P00000031829 TYPEWRITER/SMITH CORONA 1
P00000031830 FILING CABINET/HORZIONAL 1
</TABLE>
PAGE 106
<PAGE> 229
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 047
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000045975 COPIER 1
**ACCOUNT 0357000000
---
30
---
P00000031833 TOWER & ANTENNA 1
P00000036032 MOBIL STATION/RADIO 7
P00000036038 BASE STATION 1
**ACCOUNT 0357000100
--
9
--
P00000040224 COMPUTER 386SX/ISIMB 1
P00000041757 CPU 286/386 PC386SX/IS IMB 1
P00000050025 9600 MODEM & CABLES/ROBOTICS 1
**ACCOUNT 0357000200
--
3
--
**BRANCH 047
---
53
---
</TABLE>
PAGE 107
<PAGE> 230
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 048
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000041048 WELDER 1
P00000045792 LAWNMOWER 1
P00000047077 SNOW PLOW 1
** ACCOUNT 0353000100
--
3
--
P00000031589 18000 GAL T/FENCE/ETC-PLANT 2 1
P00000031590 30000 GAL TK/FENCE ETC-PLANT 3 1
P00000046774 PIPING 1
P00000048767 SATELLITE 1
** ACCOUNT 0353000300
--
4
--
P00000040744 500 GAL SKID TANK 1
** ACCOUNT 0353000500
--
1
--
P00000032400 SIGN 1
P00000033965 POLE 1
P00000035859 INSTALL SIGN 1
** ACCOUNT 0353000800
--
3
--
P00000031835 REFRIGERATOR/HOTPOINT 1
P00000031836 MICROWAVE/PANASONIC 1
P00000031838 FILE CABINET/4 DRAWER TOWER 1
</TABLE>
PAGE 108
<PAGE> 231
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 048
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000031839 CABINET/7 DRAWER STEELMASTER 1
P00000031840 VCR/SHARP 1
P00000031841 RCA TV 1
P00000031842 CALCULATOR/MIIDA 1
P00000031843 6X21/2 TABLE/FOLDING 2
P00000031844 CHAIR/STRAIGHT BACK BROWN 4
P00000031845 BULLITEN BOARD 1
P00000031846 CHAIR/STRAIGHT BACK 1
P00000031847 CHAIR/GREEN W/WHEELS 1
P00000031848 CHAIR/ ORANGE W/WHEELS 1
P00000031849 TYPEWRITER STAND/WHEELS 1
P00000031851 FILE CABINET/ANDERSON-HICKEY 2 DRAWER 1
P00000031852 6X21/2 FOLDING TABLE 1
P00000031853 DESK W/DRAWERS 1
P00000031854 CALCULATOR/CASIO DR-125 1
P00000031855 CHAIR/GREEN W/WHEELS 1
P00000031856 CHAIR/BROWN W/WHEELSS 1
P00000031857 DESK W/DRAWERS 1
P00000031858 FILE CABINET/2 DRAWER 1
P00000031860 LAMP/SWIVEL 2
P00000031861 DESK W/DRAWERS 1
P00000031862 PENCIL SHARPENER 1
P00000031864 CHAIR/GREEN W/WHEELS 1
P00000031865 COFFEE MAKER/BUNN 1
P00000031867 ROLODEX -MODEL 2400-T 1
P00000031868 FILE CABINET/4 DRAWER 2
P00000031869 FILE CABINET/4 DRAWER TOWER 1
P00000031870 6X21/2 FOLDING TABLE 1
P00000031871 DESK/ROLL-AWAY 1
P00000031873 PAPER CUTTER 1
P00000031874 WOOD STAND 1
P00000031875 IBM ELEC TYPEWRITER 1
P00000031876 CHAIR/GREEN W/WELLS 1
P00000031877 DESK W/DRAWERS 1
</TABLE>
PAGE 109
<PAGE> 232
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 048
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000031878 CALCULATOR/CASIO DR-125 1
P00000031879 ANSWER MAACHINE/PANASONIC 1
P00000031880 FILE CABINET/2 DRAWER 1
P00000031881 DEST/2 DRAWER 1
P00000031882 CHAIR/STRAIGHT BACK 2
P00000031883 FILE CABINET/2 DRAWER 1
P00000031884 SWIVEL CHAIR/TAN 1
P00000031885 CALCULATOR/CITIZEN 320DP 1
P00000031886 DESK/DRAWERS 1
P00000031887 WOOD DESK 1
P00000031888 WOOD DESK 1
P00000031889 SWIVEL CHAIR/BROWN 1
P00000031890 FIRE EXT. 1
P00000031891 FIRST AID CENTER 1
P00000031892 EUREKA SWEEPER 1
P00000031893 HUMIDIFIER/WEST BEND 1
P00000031894 METAL DISPLAY RACK/STAND 1
P00000031895 DEGREE DAY RECORDER-HIDY 1
P00000031896 CHAIR/STRAIGHT BACH-BROWN 1
P00000031897 SWIVEL CHAIR/BROWN 1
P00000031898 RED STOOL W/BACK 1
P00000031899 CARD CABINET/2 DRAWER 1
P00000031900 FILE CABINET/WHEELS 1
P00000031924 PHONE SYSTEM 1
P00000046340 COPIER 1
**ACCOUNT 0357000000
---
69
---
P00000031902 TOWER 1
P00000036033 MOBIL STATION/RADIO 9
P00000036039 BASE STATION 1
</TABLE>
PAGE 110
<PAGE> 233
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 048
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0357000100
---
11
---
P00000040217 COMPUTER 386SX/ISIMB 1
P00000050026 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
2
--
** BRANCH 048
---
93
---
</TABLE>
PAGE 111
<PAGE> 234
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 049
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000036898 TRACTOR 1
** ACCOUNT 0353000100
--
1
--
P00000031554 1800 GAL TANK 1
P00000031598 18000 GAL TANK-PIPING ETC 1
P00000031599 30000 SAT TK-PIPING ETC/WALDON 1
P00000037052 CONCRETE SUPPORTS 1
P00000037464 ELECTRICAL WORK 1
** ACCOUNT 0353000300
--
5
--
P00000032401 SIGN 1
P00000033966 POLE 1
P00000035861 SIGN 1
** ACCOUNT 0353000800
--
3
--
P00000031905 COPIER/TOSHIBA 1
P00000031906 CASH REGISTER/JAY 562 1
P00000031907 FILE CABINET 4
P00000031908 TYPEWRITER/SMITH CORONA 1
P00000031909 TAPPEN MICROWAVE 1
P00000031911 WOOD DESK 1
P00000031912 WOOD DESK 1
P00000031913 SWIVEL CHAIR 3
P00000031915 FOLDING TABLE 1
P00000031916 FOLDING TABLE 1
</TABLE>
PAGE 112
<PAGE> 235
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 049
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000031917 OAK TABLE 1
P00000031918 ELECTRONIC TELEPHONE/TOSHIBA 5
P00000031919 REFRIGERATOR/HOT POINT 1
P00000031920 ALARM SYSTEM 1
** ACCOUNT 0357000000
---
23
---
P00000036034 MOBIL STATION/RADIO 6
P00000036040 BASE STATION 1
P00000047873 RADIO 1
** ACCOUNT 0357000100
--
8
--
P00000040230 COMPUTER 386SX/ISIMB 1
P00000041763 CPU 286/386 PC386SX/IS IMB 1
P00000041775 MONITOR/DISPLAY COLOR 1
P00000046664 MONITOR 1
P00000046691 MONITOR 1
P00000050027 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
6
--
** BRANCH 049
---
46
---
</TABLE>
PAGE 113
<PAGE> 236
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 050
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000017896 SCALE AND FILL STATION 1
P00000017912 TRCTOR WITH BLADE AND MOWER 1
P00000017913 DITCH WITCH 1
P00000017915 DEGREE DAY RECORDER 1
P00000017916 PIPE THREADER 1
P00000017917 MISCELLANEOUS TOOLS 1
P00000018519 COKE MACHINE 1
P00000018520 SCALES & AUTOMATIC FILLERS 2
P00000018521 BIG JOE LIFT 1
P00000018522 METAL SHELVING & DISPLAYS 1
P00000018523 TRIPOD FOR LEVELING TANKS 1
P00000018524 20# DRY CHEMICAL FIRE EXTINGUISHER 1
P00000018525 LAWN MOWER 1
P00000018532 TRASH DUMPSTER 1
P00000044347 FREEON RECOVERY UNIT 1
P00000048236 LAWN MOWER 1
** ACCOUNT 0353000100
---
17
---
P00000017881 30000 GAL STORAGE TANK 1
P00000017882 12000 GALLON STORAGE TANK 1
P00000017883 12000 GALLON STORAGE TANK 1
P00000034436 18000 GAL TK W/SKIDS 1
** ACCOUNT 0353000300
--
4
--
P00000015278 PORTABLE SIGN 2
P00000015280 SIGN LARGE 2
P00000018682 PERMANENT SIGN 1
P00000019863 PORTABLE SIGN 1
</TABLE>
PAGE 114
<PAGE> 237
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 050
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
**ACCOUNT 0353000800
--
6
--
P00000017897 METAL DESK 1
P00000017900 4 DRAWER METAL CABINET 4
P00000017901 TYPEWRITER STAND 2
P00000017903 CANNON ELECTRIC TYPEWRITTER 1
P00000017906 METAL DESK 1
P00000017907 OFFICE CHAIRS 2
P00000017989 WASTE BASKETS 2
**ACCOUNT 0357000000
---
13
---
P00000017890 MOBILE RADIO 1
P00000017891 MOBILE RADIO 1
P00000017892 RADIO BASE AND TOWER 1
**ACCOUNT 0357000100
--
3
--
P00000040210 COMPUTER 386SX/ISIMB 1
P00000050028 9600 MODEM & CABLES/ROBOTICS 1
**ACCOUNT 0357000200
--
2
--
</TABLE>
PAGE 115
<PAGE> 238
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 050
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** BRANCH 050
---
45
---
</TABLE>
PAGE 116
<PAGE> 239
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 051
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000043413 TRUCK WASHER 1
P00000045923 HYDRULIC SYSTEM 5
P00000045961 LAWN TRACTOR 1
**ACCOUNT 0353000100
--
7
--
P00000044011 386SX COMPUTER 1
P00000045865 TRUCK COMPUTER 5
P00000046015 COLOR MONITOR 1
P00000050029 9600 MODEM & CABLES/ROBOTICS 1
P00000050055 PRINTER/EPSON FX-1050 1
**ACCOUNT 0357000200
--
9
--
**BRANCH 051
---
16
---
</TABLE>
PAGE 117
<PAGE> 240
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 052
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000020844 FORK LIFT TRUCK YALE MODEL 1
P00000047663 TENT 4
** ACCOUNT 0353000100
--
5
--
P00000039251 DOOR/OVERHEAD 1
** ACCOUNT 0353000300
--
1
--
P00000050030 9600 MODEM & CABLES/ROBOTICS 1
P00000050054 PRINTER/EPSON FX-1050 1
** ACCOUNT 0357000200
--
2
--
** BRANCH 052
--
8
--
</TABLE>
PAGE 118
<PAGE> 241
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 053
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000019583 SECURITY SYSTEM 1
P00000021456 TRENCHER & MISC TOOLS 1
P00000021674 MOTOR FILL STATIONS 1
P00000027603 PUMPING UNIT-R R DONNELLEYS 1
P00000048234 TRENCHER W/RAMP 1
** ACCOUNT 0353000100
--
5
--
P00000011687 30000 GAL TANK - CHARLESTON 1
P00000011692 18000 GAL TANK-KANSAS, IL 1
P00000021447 30000 GALLON TANK W/PIPING 1
P00000026016 INSTALLATION OF 30,000 1
P00000037504 12000 GAL STORAGE TANK 1
P00000037505 14500 GAL STORAGE TANK 1
P00000041954 30000 GALLON TANK 1
P00000041955 18000 GALLON TANK 1
P00000044356 PIPING & PLUMBING 1
P00000044362 PUMPING STA INSTALATION/SCHWANS/GEROGETOWN,IL 1
** ACCOUNT 0353000300
---
10
---
P00000021677 SIGN LARGE 1
P00000021678 PORTABLE SIGN 1
** ACCOUNT 0353000800
--
2
--
P00000021457 OFFICE FILES 4
P00000026931 RUDD AIR CONDITIONING SYSTEM 1
</TABLE>
PAGE 119
<PAGE> 242
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 053
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000047064 COPIER 1
** ACCOUNT 0357000000
--
6
--
P00000013742 MOTOROLA RADIO 1
P00000037513 EQUIPMENT-MISC 1
P00000045808 BASE/RADIO #778TSQ1909 1
P00000045811 MOBIL RADIO 1
P00000045812 MOBIL 1
P00000045813 MOBIL RADIO 1
P00000045814 MOBIL RADIO 1
P00000045815 MOBIL RADIO 1
P00000045816 MOBIL RADIO 1
P00000045817 MOBIL RADIO 1
P00000047875 RADIO 1
** ACCOUNT 0357000100
---
11
---
P00000044145 COMPUTER 1
P00000048285 IBM PS/V 486SX 1
P00000048328 IBM 14V COLR/S MONITOR 1
P00000050031 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
4
--
</TABLE>
PAGE 120
<PAGE> 243
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 053
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** BRANCH 053
---
38
---
</TABLE>
PAGE 121
<PAGE> 244
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 054
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000019211 ROCKWELL METERS 100
P00000019223 POWER SPADE 1
P00000019224 DC-631-12 DISPENSER W/C12 1
P00000019225 SEARS 2HP AIR COMPRESSOR 1
P00000019228 5 TON JACK 1
P00000019230 TABLE/VISE 1
P00000019231 TABLE/VISE & GRINDER 1
P00000019232 24" CRESENT WRENCH 1
P00000019233 CRAFTSMAN TOOL SET 1
P00000019234 CYLINDER VISE 1
P00000021445 PUMPING STATION 1
P00000022345 PUMP AND CONVERTER 1
P00000029000 PUMPING STATION-ANDREWS OIL 1
P00000029729 MACHINERY & EQUIPMENT 1
P00000043570 MACHINERY & EQUIPMENT - USED 1
P00000044345 FREEON RECOVERY UNIT 1
P00000048238 LAWN TRACTOR 1
** ACCOUNT 0353000100
----
116
----
P00000019195 30000 GALLON TANK 1
P00000019196 18300 GALLON TANK 1
P00000031341 30000 GAL STORAGE TANK 1
P00000031343 18000 GALLON TANK 1
P00000031346 BLACKMERE PUMP 3
P00000031347 CORKEN PUMP 3
P00000031348 VIKING PUMP 2
P00000031349 COMPRESSOR 1
P00000038905 SAT.NORRIS CITY 1
P00000039782 SATALITE/NORRIS CITY 1
P00000043557 18000 GAL TANK/PIPING, MTRS,ELEC 2
</TABLE>
PAGE 122
<PAGE> 245
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 054
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0353000300
---
17
---
P00000020405 SIGN 1
** ACCOUNT 0353000800
--
1
--
P00000019235 METAL TABLE 1
P00000019239 WOODEN TABLE 1
P00000019240 METAL CABINET 1
P00000019241 METAL CABINET/SHELVES 1
P00000019242 4 DRAWER LETTER FILE 1
P00000019243 4 DRAWER LEGAL FILE 1
P00000019248 CASIO CALCULATOR DR1011 1
P00000019249 COAT TREET 1
P00000019250 CARD FILE/DRAWERS 4
P00000019251 SECRETARIAL CHAIRS 7
P00000019252 METAL DESK 1
P00000019253 LETTER-4 DRAWER FILE 1
P00000019254 ADD 9212 ADDING MACHINE 1
P00000019456 PC20 CANNON COPIER & CART 1
** ACCOUNT 0357000000
---
23
---
P00000032404 BASE STATION 1
P00000032405 RADIO 6
P00000032406 TOWER/60 FT 1
P00000045906 MOBIL RADIO 1
</TABLE>
PAGE 123
<PAGE> 246
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 054
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
**ACCOUNT 0357000100
--
9
--
P00000040229 COMPUTER 386SX/ISIMB 1
P00000050032 9600 MODEM & CABLES/ROBOTICS 1
**ACCOUNT 0357000200
--
2
--
**BRANCH 054
----
168
----
</TABLE>
PAGE 124
<PAGE> 247
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 057
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000022942 PUMPING STA/DAL-LONG OIL CO 1
P00000031728 MOWER 1
P00000044344 FREEON RECOVERY UNIT 1
P00000045871 TRENCHER 1
** ACCOUNT 0353000100 --
4
--
P00000024905 30000 GALLON STORAGE TANK 2
P00000042366 SANDBLAST & PAINT TANK 1
P00000043041 PLANT IMP/REPIPING 1
P00000045326 PLANT WIRING 1
** ACCOUNT 0353000300
--
5
--
P00000043368 SIGN 1
** ACCOUNT 0353000800
--
1
--
P00000042804 DESK 2
P00000042805 CHAIR 3
** ACCOUNT 0357000000
--
5
--
P00000043417 RADIO EQUIPMENT 1
P00000049573 MOBIL RADIO SYSTEM 1
</TABLE>
PAGE 125
<PAGE> 248
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 057
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0357000100
--
2
--
P00000040206 COMPUTER 386SX/ISIMB 1
P00000050034 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
2
--
** BRANCH 057
--
19
--
</TABLE>
PAGE 126
<PAGE> 249
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 058
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000048740 PHONE SYSTEM 1
P00000049956 PHONE SYSTEM/UPDATEAD 1
** ACCOUNT 0357000000
--
2
--
P00000040140 386SX-MFP 1
P00000040348 386SX-MPF 1
P00000041782 MONITOR/DISPLAY COLOR 1
P00000046222 386SX PC 1
P00000046883 IBM PC/COLOR DISPLAY 1
P00000048311 IBM PS/V 486SX 1
P00000048339 IBM 14V COLR/S MONITOR 1
P00000050035 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
8
--
** BRANCH 058
--
10
--
</TABLE>
PAGE 127
<PAGE> 250
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 059
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000034447 MISC TOOLS/MACHINERY/EQUIP 1
P00000038192 LAWN TRACTOR 1
P00000043886 500 GAL TANK/SKID 1
P00000044348 FREEON RECOVERY UNIT 1
P00000045870 TRENCHER 1
P00000049772 LAWN MOWER 1
** ACCOUNT 0353000100
--
6
--
P00000019194 18000 GALLON TANK 1
P00000019197 5000 GALLON TANK 1
P00000029715 30000 GALLON TANK 1
P00000029716 26000 GALLON TANK 1
P00000029717 5850 GALLON TANK 1
P00000031345 3000 GALLON TANK 1
P00000031673 5850 GALLON TANK 1
P00000042328 BULK PLANT 1
P00000043278 PLANT & PLANT IMPROVEMENTS 1
** ACCOUNT 0353000300
--
9
--
P00000019820 SIGNS 2
P00000020406 SIGN 1
** ACCOUNT 0353000800
--
3
--
P00000019236 METAL DESK 1
P00000019238 METAL DESK 1
</TABLE>
PAGE 128
<PAGE> 251
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 059
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000019245 METAL DESK 1
P00000019246 METAL DESK 1
P00000034446 OFFICE FURNITURE & FIXTURES 1
** ACCOUNT 0357000000
--
5
--
P00000045843 RADIO 1
** ACCOUNT 0357000100
--
1
--
P00000040201 COMPUTER 386SX/ISIMB 1
P00000046565 9600 MODEM & CABLES/ROBOTICS 1
P00000046570 MONITOR 1
P00000048302 IBM PS/V 486SX 1
P00000048319 IBM 14V COLR/S MONITOR 1
** ACCOUNT 0357000200
--
5
--
** BRANCH 059
---
29
---
</TABLE>
PAGE 129
<PAGE> 252
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 060
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000032195 1000 GAL PUMP STATION 2
P00000037066 LAWN TRACTOR 1
P00000045872 TRENCHER 1
** ACCOUNT 0353000100
--
4
--
P00000032192 30000 GAS STORAGE TANK 1
P00000032193 18000 GALLON TANK 2
P00000038512 30000 GAL TK-NEOGA 1
P00000038513 12000 GAL TK-GREENAP 1
** ACCOUNT 0353000300
--
5
--
P00000037451 SIGN 1
P00000038005 SIGN 1
--
2
--
P00000032208 OFFICE FURNITURE 1
P00000046903 COPY MACHINE 1
** ACCOUNT 0357000000
--
2
--
P00000032207 MOBILE RADIO 4
P00000032209 BASE RADIO 1
P00000032210 TOWER & ANTENNA 1
PAGE 130
</TABLE>
<PAGE> 253
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 060
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0357000100
--
6
--
P00000040241 COMPUTER 386SX/ISIMB 1
P00000050037 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
2
--
** BRANCH 060
--
21
--
</TABLE>
PAGE 131
<PAGE> 254
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 062
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000044313 GUAGE/MOORMANN 7-S 3
P00000044443 GUAGE/MOORMANN 3
** ACCOUNT 0353000100
--
6
--
P00000031536 20000 GAL A.G.TK-#2 OIL 1
P00000031537 20000 GAL A.G./#2 OIL TANK 1
P00000031537 20000 GAL A.G./#1 OIL TANK 1
P00000031539 20000 GAL A.G. REG GAS TANK 1
P00000031540 20000 GAL A.G. UNLEAD GAS TANK 1
P00000031541 20000 GAL A.G. SUPER UNLEAD GAS TANK 1
P00000031542 PIPING & ETC 1
** ACCOUNT 0353000300
--
7
--
P00000031504 PICK UP TANK 10
P00000031505 100 GAL SKID TANK 7
P00000031506 110 GAL SKID TANK 9
P00000031507 140 GAL SKID TANK 7
P00000031508 150 GAL SKID TANK 21
P00000031509 180 GAL SKID TANK 1
P00000031510 200 GAL SKID TANK 27
P00000031511 220 GALLON SKID TANK 7
P00000031512 250 GALLON SKID TANK 1
P00000031514 300 GAL SKID TANK 91
P00000031515 550 GAL SKID TANK 21
P00000031516 1000 GAL SKID TANK 4
P00000031517 150 GAL ELEVATED TANK 19
P00000031518 200 GALLON ELEVATED TANK 18
P00000031519 250 GALLON ELEVATED TANK 1
</TABLE>
PAGE 132
<PAGE> 255
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 062
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000031521 300 GALLON ELEVATED TANK 51
P00000031523 275 GAL FUEL OIL TANK 28
P00000031524 300 GAL FUEL OIL TANK 1
P00000031525 350 GAL FUEL OIL TANK 1
P00000031526 1000 GAL FUEL OIL TANK 1
P00000031527 280 GALLON U.G. TANK 4
P00000031528 300 GALLON U.G. TANK 4
P00000031529 500 GALLON U.G. TANK 2
P00000031530 550 GALLON U.G. TANK 29
P00000031531 1000 GALLON U.G. TANK 10
P00000031532 2000 GALLON U.G. TANK 6
P00000031533 6000 GALLON U.G. TANK 1
P00000040365 142 GALLON FUEL TANK 1
** ACCOUNT 0353000500
---
383
---
P00000031534 HAND PUMP 168
P00000031535 ELECTRIC PUMP 119
** ACCOUNT 0353000600
---
287
---
** BRANCH 062
---
683
---
</TABLE>
PAGE 133
<PAGE> 256
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 063
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000031549 LOADING RACK 1
P00000031550 PUMP ISLAND 1
** ACCOUNT 0353000100
--
2
--
P00000031543 8000 GAL U.G.-REG GAS TANK 1
P00000031544 10000 GAL A/G PRE DIESEL 1
P00000031545 6000 GAL A.G. UNLEAD GAS-SUPER 1
P00000031546 10000 GAL A.G. KEROSENE TANK 1
P00000031547 8000 GAL U.G. UNLEAD GASOLINE 1
** ACCOUNT 0353000300
--
5
--
P00000031548 300 GAL SKID TK-FUEL OIL #1 1
** ACCOUNT 0353000500
--
1
--
P00000044250 KIOSK-GAS PUMP 1
P00000048410 GASOLINE PUMPS 4
** ACCOUNT 0353000600
--
5
--
P00000032402 SIGN 1
P00000033967 POLE 1
P00000035860 INSTALL SIGN 1
</TABLE>
PAGE 134
<PAGE> 257
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 063
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0353000800
--
3
--
** BRANCH 063
--
16
--
PAGE 135
</TABLE>
<PAGE> 258
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 064
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000041334 ENGINE TESTER 1
P00000043415 MACHINERY & EQUIPMENT 1
P00000047970 AIR JACK 1
** ACCOUNT 0353000100
--
3
--
P00000031767 CALC/CASIO 1
P00000031773 FILE/5 DRAWER LETTERSIZE 1
P00000031775 DESK/METAL 1
P00000048405 COPY MACHINE 1
** ACCOUNT 0357000000
--
4
--
P00000047872 RADIO 1
** ACCOUNT 0357000100
--
1
--
P00000049967 MONO AMBER TERM USA 1
P00000050038 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
2
--
** BRANCH 064
--
10
--
PAGE 136
</TABLE>
<PAGE> 259
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 065
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000026374 PUMPING STATION-OLNEY MARATHON 1
P00000034477 500 GAL NORTH-TEX-OLNEY 1
P00000034478 1000 GAL HOMEMADE-VINCENNES 1
P00000037169 MOWER 1
P00000048235 TRENCHER W/RAMP 1
** ACCOUNT 0353000100
--
5
--
P00000034462 30000 GAL TK FARM-CRESTHAVEN 10
P00000034464 18000 GAL TANK-LAWRENCEVILLE 1
P00000034465 8000 GAL TANK 3
P00000034467 30000 GAL TANK-OLNEY 1
P00000034468 18000 GAL TANK-OLNEY 1
P00000034470 18000 GAL TK-VINCENNES 1
P00000047668 EMERGENCY SHUTOFF VALVE/BULK STORAGE 1
** ACCOUNT 0353000300
--
18
--
P00000037453 SIGN 1
000000037455 SIGN 1
000000038006 SIGN 1
** ACCOUNT 0353000800
--
3
--
P00000034431 TYPEWRITER-OLNEY 1
P00000034433 DESK-OLNEY 5
P00000034434 DESK-VINCENNES 2
P00000034435 DESK-LAWRENCEVILLE 1
</TABLE>
PAGE 137
<PAGE> 260
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 065
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0357000000
--
9
--
P00000034479 REPEATER - LAWRENCE COUNTY 1
P00000034480 MOBIL RADIO 9
P00000045147 RADIO TOWER 1
P00000047709 BASE RADIO 1
P00000047862 TRUCK RADIO 8
---
** ACCOUNT 0357000100
20
---
P00000040226 COMPUTER 386SXISIMB 1
P00000046376 MONITOR 1
P00000050039 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200 --
3
--
** BRANCH 065
---
58
</TABLE> ---
PAGE 138
<PAGE> 261
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 066
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000045861 TRACTOR/LAWNMOWER 1
P00000046031 TRENCHER 1
** ACCOUNT 0353000100
--
2
--
P00000042253 18000 GAL. TANK, PUMP, MOTOR, ELECTRICAL 3
P00000045331 PUMP STORAGE 1
** ACCOUNT 0353000300
--
4
--
P00000043888 SIGN 1
** ACCOUNT 0353000800
--
1
--
P00000043884 COPIER 1
P00000045332 PHONE LINE 1
P00000045333 DESK 60X30 1
P00000045334 CHAIR/SWIV/TILT 1
P00000045335 CHAIR/SIDE ARM 1
P00000045336 FILE/4 DRAWER 1
P00000045337 CHAIR/GRAY 1
P00000045338 TYPEWRITER/XL 1800 1
P00000045339 TABLE/30X96 FOLD 1
P00000045340 CHAIR/FOLDING 1
</TABLE>
PAGE 139
<PAGE> 262
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 066
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0357000000
---
10
---
P00000045322 CONTROL STATION 1
P00000045346 MOBIL RADIO 4
P00000047874 RADIO 1
** ACCOUNT 0357000100
--
6
--
P00000040211 COMPUTER 386SX/ISIMB 1
P00000041784 MONITOR/DISPLAY COLOR 1
P00000050040 9600 MODEM & CABLES/ROBOTICS 1
P00000050052 PRINTER/EPSON FX-1050 1
** ACCOUNT 0357000200
--
4
--
** BRANCH 066
---
27
---
</TABLE>
PAGE 140
<PAGE> 263
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 067
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000035505 PLANT & IMPROVEMENT 1
P00000035723 30000 GAL STORAGE TANK 3
P00000035863 CONCRETE SUPPORT 1
P00000036262 PLANT IMPROV 1
** ACCOUNT 0353000300
--
6
--
** BRANCH 067
--
6
--
</TABLE>
PAGE 141
<PAGE> 264
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 068
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000038298 MACHINERY & EQUIP 1
P00000038299 1980 GARDEN TRACTOR 1
P00000045922 TRACTOR/LAWNMOWER 1
P00000046032 TRENCHER 1
** ACCOUNT 0353000100 --
4
--
P00000038283 18000 GAL TANK-PIPING PUMPS 1
** ACCOUNT 0353000300 --
1
--
P00000038300 OFFICE EQUIP 1
P00000046904 COPY MACHINE 1
P00000048153 CARPETING 1
** ACCOUNT 0357000000 --
3
--
P00000040745 BASE RADIO/ANTENNA 1
P00000040775 MOBIL UNIT 4
** ACCOUNT 0357000100 --
5
--
P00000040250 PRINTER/EPSON 1
P00000041771 CPU 286/386 PC386SX/IS IMB 1
P00000041785 MONITOR/DISPLAY COLOR 1
P00000046020 PC 1523987447 1
</TABLE>
PAGE 142
<PAGE> 265
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 068
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000046023 COLOR MONITOR 1
P00000050041 9600 MODEM & CABLES/ROBOTICS 1
P00000050042 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
---
7
---
** BRANCH 068
---
20
---
</TABLE>
PAGE 143
<PAGE> 266
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 069
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000038278 EQUIPMENT-WELDER/DRILL ETC 1
P00000048034 TRENCHER 1
P00000050065 DEGREE DAY CLOCK 1
** ACCOUNT 0353000100
--
3
--
P00000038259 30000 GAL TANK-PIPING 1
P00000038260 20000 GAL TANK-PIPING 1
P00000042066 PLANT & PLANT IMPROVEMENTS 1
P00000047072 PIPING 1
** ACCOUNT 0353000300 1
--
4
--
P00000037452 SIGN 1
P00000041044 SIGN 1
** ACCOUNT 0353000800
--
2
--
P00000038276 OFFICE EQUIPMENT 1
** ACCOUNT 0357000000
--
1
--
P00000045810 RADIO BASE 1
P00000045822 MOBILE RADIO 1
P00000045823 MOBILE RADIO 1
P00000045824 MOBILE RADIO 1
</TABLE>
PAGE 144
<PAGE> 267
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 069
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000045825 MOBIL RADIO 1
** ACCOUNT 0357000100
--
5
--
P00000046018 PC 1523987398 1
P00000046567 9600 MODEM & CABLES/ROBOTICS 1
P00000046568 MONITOR 1
** ACCOUNT 0357000200 --
3
--
** BRANCH 069
---
18
---
</TABLE>
PAGE 145
<PAGE> 268
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 070
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000046713 FILL STATION/CONTAINER CORP 1
** ACCOUNT 0353000100
--
1
--
P00000038966 30000 GAL TANK/PIPING 1
** ACCOUNT 0353000300
--
1
--
P00000038972 DESK 2
P00000038973 CHAIR 2
P00000038974 FILE/2 DRAWER FIREPROOF 2
P00000038975 FILE/4 DRAWER FIREPROOF 1
P00000038976 FILE-4 DRAWER 1
P00000038977 CALCULATOR 2
P00000046897 COPY MACHINE 1
** ACCOUNT 0357000000
---
11
---
P00000038981 1 BASE-4 MOBILES 1
** ACCOUNT 0357000100
--
1
--
P00000050043 9600 MODEM & CABLES/ROBOTICS 1
</TABLE>
PAGE 146
<PAGE> 269
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 070
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
** ACCOUNT 0357000200
--
1
--
** BRANCH 070
---
15
---
</TABLE>
PAGE 147
<PAGE> 270
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 071
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000040795 MACHINERY/EQUIP 1
P00000044308 FREEON RECOVERY UNIT 1
P00000047026 DEGREE DAY CLOCK 1
P00000048035 TRENCHER 1
** ACCOUNT 0353000100
--
4
--
P00000040780 11000 GAL STORAGE TANK 1
P00000040781 17000 GAL STORAGE TANK 1
P00000043295 STORAGE TANK 1
P00000044448 NEW ROOF 1
** ACCOUNT 0353000300
--
4
--
P00000041678 SIGN 1
** ACCOUNT 0353000800
--
1
--
P00000040794 OFFICE EQUIP 1
P00000045976 COPIER 1
** ACCOUNT 0357000000
--
2
--
P00000040220 COMPUTER 386SX/ISIMB 1
P00000046007 PC 1523604480 1
P00000046014 COLOR MONITOR 1
</TABLE>
PAGE 148
<PAGE> 271
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 071
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000050044 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
4
--
** BRANCH 071
---
15
---
</TABLE>
PAGE 149
<PAGE> 272
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 072
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000044486 TRENCHER 2
** ACCOUNT 0353000100 --
2
--
P00000044471 18000 GALLON TANK 1
P00000044472 8000 GALLON TANK 1
P00000044688 PUMPING STATION 1
P00000048154 PIPING 1
** ACCOUNT 0353000300 --
4
--
P00000044834 SIGN 1
P00000046562 EMRO SIGN 1
** ACCOUNT 0353000800 --
2
--
P00000021681 TYPEWRITERS 1
P00000044482 OFFICE EQUIP 1
P00000045159 PHONE SYSTEM 1
P00000045160 COPIER 1
** ACCOUNT 0357000000 --
4
--
P00000044477 BASE RADIO STATION 1
P00000044479 MOBIL RADIO 4
P00000047712 TRUCK RADIO 5
</TABLE>
PAGE 150
<PAGE> 273
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 072
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000007713 BASE RADIO 1
** ACCOUNT 0357000100 ---
11
---
P00000040233 COMPUTER 386SX/IS IMB 1
P00000041792 MONITOR/DISPLAY COLOR 1
P00000050045 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200 --
3
--
** BRANCH 072 ---
26
---
</TABLE>
PAGE 151
<PAGE> 274
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 073
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000022938 BOTTLE GAS/DECATUR 1
P00000022939 PUMP & HOOD/DECATUR 1
P00000046626 PUMPING STATION 1
** ACCOUNT 0353000100
--
3
--
P00000022929 18,000 GAL/DECATUR 2
P00000040368 18,000 GAL/DECATUR 1
P00000045301 30000 GALLON TANK 1
** ACCOUNT 0353000300
--
4
--
P00000048417 SIGN 1
P00000048869 SIGN 1
** ACCOUNT 0353000800
--
2
--
P00000045319 OFFICE EQUIP 1
P00000046216 TELEPHONE SYSTEM 1
P00000048128 COPIER 1
** ACCOUNT 0357000000
--
3
--
P00000045318 RADIO 1
P00000045809 RADIO BASE 1
P00000045818 MOBIL RADIO 1
</TABLE>
PAGE 152
<PAGE> 275
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 073
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000045819 MOBIL RADIO 1
P00000045820 MOBIL RADIO 1
P00000045821 MOBIL RADIO 1
** ACCOUNT 0357000100 --
6
--
P00000040213 COMPUTER 386SX/ISIMB 1
P00000041766 CPU 286/386 PC386SX/IS IMB 1
P00000041769 CPU 286/386 PC386SX/IS IMB 1
P00000050033 9600 MODEM & CABLES/ROBOTICS 1
P00000050046 9600 MODEM & CABLES/ROBOTICS 1
P00000050053 PRINTER/EPSON FX-1050 1
** ACCOUNT 0357000200 --
6
--
** BRANCH 073 ---
24
---
</TABLE>
PAGE 153
<PAGE> 276
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 074
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000049423 CLAY DYKE 1
** ACCOUNT 0353000300 --
1
--
P00000043049 PC386SX-20 1
** ACCOUNT 0357000200 --
1
--
** BRANCH 074 --
2
--
</TABLE>
PAGE 154
<PAGE> 277
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 075
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000048424 TRENCHER 1
P00000050112 PUMPING STATION 1
P00000050115 DEGREE DAY CLOCK 1
** ACCOUNT 0353000100
--
3
--
P00000050111 STORAGE INSTALLATION 1
** ACCOUNT 0353000300
--
1
--
P00000050109 SIGN 1
** ACCOUNT 0353000800
--
1
--
P00000048960 COPY MACHINE 1
P00000050090 WATER SOFTENER INSTALLATION 1
P00000050091 TABLE 1
P00000050092 STACK CHAIR 8
P00000050093 WATER HEATER 1
P00000050094 FURNACE 1
P00000050095 WATER HEATER 1
P00000050096 DESK 60X30 WAL 1
P00000050097 CHAIR/BLUE 2
P00000050098 CHAIR/GUEST 1
P00000050099 CHAIR CLERICAL 2
P00000050100 FILE 4
P00000050101 DESK/60X30 2
P00000050102 CHAIR 3
</TABLE>
PAGE 155
<PAGE> 278
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 075
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000050103 LOCK KIT 4
P00000050104 FILE 3
P00000050105 TYPEWRITER 1
P00000050106 LOCKER 2
P00000050110 PHONE LINE 1
** ACCOUNT 0357000000
---
40
---
P00000048542 RADIO 4
P00000049799 RADIO/MOBIL STATION 1
** ACCOUNT 0357000100
--
5
--
P00000041877 PC 386SX COMPUTER 1
P00000044015 PC MONITOR 1
P00000050047 9600 MODEM & CABLES/ROBOTICS 1
** ACCOUNT 0357000200
--
3
--
** BRANCH 075
---
53
---
</TABLE>
PAGE 156
<PAGE> 279
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 089
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000045866 TRUCK COMPUTER 1
** ACCOUNT 0357000200 --
1
--
** BRANCH 089
--
1
--
</TABLE>
PAGE 157
<PAGE> 280
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 100
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000000283 PROMOTIONAL TENT 1
P00000001443 PROMOTIONAL TENTS 3
P00000001446 DRILL & WRENCHES 1
P00000001449 STORAGE SHED 1
P00000001450 42" BLADE 1
P00000001452 PUMPING STATION - PLANT 1
P00000001515 PUMPING STATION - THUMB ELECTRIC 1
P00000002455 SNOW PLOW 1
P00000004549 APPLIANCE CART 1
P00000005523 PUMPING STATION - HILL RD. 1
P00000012346 HONDA GENERATOR MODEL #EG2200 1
P00000029655 FILL STATION 1
P00000038014 PUMPING STATION 1
P00000041871 TRACTOR/WHEEL HORSE MODEL 31160803 1
P00000048747 ROCKWELL METER 1
P00000048748 NEPTUNE METER 1
** ACCOUNT 0353000100 ---
18
---
P00000002456 HY TEMP 1
P00000002457 TOWNSEND HEATER 1
P00000002458 PARKING LOT AT WAREHOUSE 1
P00000012792 15,000 GALLON TANK 1
P00000031551 18000 GAL TK-MT BLANCHARD 1
P00000031553 18000 GAL TK-CLAY CENTER 1
P00000031555 15000 GAL TK-TRAILER COURT 1
P00000031556 12000 GAL TK-TRAILER COURT 1
P00000031557 18000 GAL TK ETC-THOMAS INDUSTRIES 1
P00000031558 18000 GAL TANK-NEOPLIS 1
P00000031559 18000 GAL LANDMARK TK-NAPOLEON 1
P00000040370 30000 GALLON TANK 1
P00000040372 30000 GALLON TANK 1
</TABLE>
PAGE 158
<PAGE> 281
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 100
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000045558 30000 GAL STORAGE TANK 6
** ACCOUNT 0353000300 ---
19
---
P00000002461 FUELGAS SIGN ON SIDE OF BLDG 1
P00000002462 EMRO PROPANE SIGN OUT FRONT 1
P00000050066 SIGN 1
P00000050067 SIGN 1
** ACCOUNT 0353000800 --
4
--
P00000002451 VICTOR CALC 1900 1
P00000002472 BOAT-SHAPED 10' CONFERENCE TABLE 1
P00000002473 FILE CABINET 1
P00000002474 BEIGE DESK 1
P00000002475 BROWN SIDE CHAIRS WITH ARMS 10
P00000002476 VIRTA SCREENS 6
P00000002477 FILE CABINET 1
P00000002478 REFRIGERATOR 1
P00000002479 CHAIRS 2
P00000002480 CHAIR 1
P00000002481 BLACK CHAIR 1
P00000002482 COPIER STAND 1
P00000002484 COPY MACHINE 1
P00000002485 BROWN CHAIR 1
P00000002489 PAYMENT ON ROLM TELEPHONE 1
P00000002496 VICTOR CALC 1800 1
P00000002498 CARBON REMOVER 1
P00000002500 CHECK PROTECTOR 1
P00000002520 PICTURES 2
</TABLE>
PAGE 159
<PAGE> 282
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 100
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000002521 FILE CABINET 1
P00000002526 MICROVIEWER 1
P00000002529 MICROVIEWER 1
P00000002556 DESKS 33055 2
P00000002557 STENO S22CH75348/6 2
P00000002558 HON CREDENZA 1
P00000002560 HASCO STAND 1
P00000002561 STENO CHAIR 1
P00000002574 BEIGE CHAIR 1
P00000002575 WALNUT TABLE 1
P00000002576 LEGAL FILES 15
P00000002577 BOOKCASES 6
P00000002578 CROME-BASED WALNUT CREDENZAS 2
P00000002579 WALNUT EXEC DESK - LAMINAT TOP 1
P00000002580 WALNUT CREDENZA 1
P00000002581 PICNIC TABLES 2
P00000002582 KALKASKA PAINTING 1
P00000002583 ETCHINGS 2
P00000002584 SELECTRIC III TYPEWRITER 1
P00000002585 SALES MGR DESK TABLE & BOOKCASE 1
P00000002586 TABLE LAMPS 4
P00000002587 ASHTRAYS 24
P00000002588 CABLE FOR DATA POINT 1
P00000002589 DESKS (DOUBLE PEDESTAL) 3
P00000002590 CHAIRS 25
P00000002591 BINDER BINS 30
P00000002592 POWER PANELS 54
P00000002593 POWER LIGHTS 15
P00000002594 PAPER RECEPTICAL 1
P00000002595 BEIGE DESK 1
P00000002597 PICTURES 15
P00000002598 GUEST ARM CHAIRS 12
P00000002599 LOUNGE CHAIRS 2
P00000002600 CORNER TABLE 1
</TABLE>
PAGE 160
<PAGE> 283
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 100
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000002601 WALNUT BOOKCASES 4
P00000002602 DESKS 7
P00000002603 CREDENZAS 7
P00000002604 RECEPTION UNIT 1
P00000002605 EXECUTIVE CHAIR - PRESIDENT 1
P00000002606 EXECUTIVE CHAIRS 3
P00000002607 LEGAL FILE 1
P00000002608 BOOKCASE - BLACK 1
P00000002609 LEGAL FILE 1
P00000002610 CLOCKS 3
P00000002611 DISC CARTRIDGES 8
P00000002612 STEREO SYSTEM 1
P00000002614 MICROVIEWERS 1
P00000002615 FOLDING TABLE 1
P00000002616 CEILING SCREEN 1
P00000002617 POWER PANEL 1
P00000002618 PICTURES 16
P00000002619 MAPLE TABLES 2
P00000002620 MAPLE CHAIRS 16
P00000002621 NAMEPLATES 9
P00000002625 SECURITY MIRROR 1
P00000002626 STORAGE CABINET 1
P00000002627 BROWN GUNLOCKE CHAIR - SALES MANAGER 1
P00000002628 TIMOTHY SIDE CHAIRS 4
P00000002629 MUELLER SIDE CHAIRS 1
P00000002630 HONEY OAK TABLE 1
P00000002631 LEATHER LOUNGE CHAIR 1
P00000002632 SHELVING UNIT 1
P00000002633 PLANTERS 15
P00000002634 SHELVING UNIT 1
P00000002635 TABLES 2
P00000002636 TABLES 4
P00000002637 T/BARS 85
P00000002639 EMPIRE STOVE 1
</TABLE>
PAGE 161
<PAGE> 284
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 100
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000002641 5-DRAWER BEIGE FILES 3
P00000002642 LAMPS WITH HATCH DESIGN 2
P00000002643 MICRON READERS 1
P00000002644 FILE CABINETS 6
P00000002645 LEGAL BOXES 60
P00000002646 ASSEMBLY TRAYS 20
P00000002647 LETTER-FOLDING MACHINE 1
P00000002648 CHAIR WITHOUT ARMS 1
P00000002649 BEIGE FILES 2
P00000002651 AIR CONDITIONERS 2
P00000003176 BEIGE 4-DRAWER FILE CABINET 1
P00000003190 FILE CABINET 1
P00000003348 VICTOR ADDING MACHINE 1
P00000003424 CHAIR 1
P00000003425 SINGLE DOLLY 1
P00000003484 MICROVIEWER 1
P00000003507 BURSTER IMPRINTER 1
P00000003508 DESL 6030 W/CD & LOCK 1
P00000003509 DESK 6030 W/CD & LOCK 1
P00000003510 CHAIR 1
P00000003511 CHAIR 1
P00000003512 BINDER BIN W/LK 30" 1
P00000003513 BINDER BIN W/LK 30" 1
P00000003514 BINDER BIN W/LK 30" 1
P00000003515 BINDER BIN W/LK 30" 1
P00000003516 TASK LIGHT 60" 1
P00000003517 TASK LIGHT 60" 1
P00000003541 20 X 18 CUSTOM TABLE 1
P00000003542 LAMP 1
P00000003591 BINDER BIN 1
P00000003592 BINDER BIN 1
P00000003593 BINDER BIN 1
P00000003594 BINDER BIN 1
P00000003595 BROWN SIDE CHAIR 1
</TABLE>
PAGE 162
<PAGE> 285
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 100
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000003596 BROWN SIDE CHAIR 1
P00000003597 BROWN SWIVEL CHAIR 1
P00000003598 WALNUT EXEC DESK 1
P00000003599 BROWN & WALNUT CREDENZA 1
P00000003642 4-DRAWER FILE 1
P00000003643 APPLIANCE CART 1
P00000003760 TEAK-TOP BEIGE DESK EXTENSION 1
P00000003761 TEAK-TOP BEIGE DESK EXTENSION 1
P00000003762 4-DRAWER BEIGE LEGAL FILE 3
P00000003763 4-DRAWER BLACK LEGAL FILE 1
P00000003958 8 X 5 CARD TRAY 1
P00000003959 AURORA STEEL FILE 1
P00000004104 OAK FILE - RECEPTIONIST 1
P00000004448 STORAGE RACK 1
P00000004509 EXHAUSE FAN 1
P00000004516 BEIGE BOOKCASE 1
P00000004589 SELECTRIC TYPEWRITER 1
P00000004689 VICTOR 305 1
P00000004716 SHARP 1
P00000004718 VICTOR 605 1
P00000004719 VICTOR 605 1
P00000004720 VICTOR 605 1
P00000004721 VICTOR 605 1
P00000004722 VICTOR 605 1
P00000004723 VICTOR 605 1
P00000004724 VICTOR 605 1
P00000004725 VICTOR 605 1
P00000004734 VICTOR 605 1
P00000004736 VICTOR 605 1
P00000004737 VICTOR 302 1
P00000004738 VICTOR 302 1
P00000004739 VICTOR 302 1
P00000004740 VICTOR 302 1
P00000004741 VICTOR 302 1
</TABLE>
PAGE 163
<PAGE> 286
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 100
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000004742 VICTOR 302 1
P00000004743 VICTOR 605 1
P00000005620 MEMORYWRITER - XEROX 615 1
P00000007188 DEGREE DAY CLOCK & CABLE 1
P00000007495 5 TON AIR CONDITIONER 1
P00000007562 FURNACES
P00000007718 VCR VIDEO RECORDER 1
P00000007719 SANYO TV 1
P00000007863 SHELVING 1
P00000007867 5 DR ON LEGAL FILES 4
P00000008271 TYPEWRITER 1
P00000008272 TYPEWRITER 1
P00000010462 MINI BLINDS 1
P00000010486 SHREDDER 1
P00000010956 DESKS 2
P00000011363 SAVIN 5030 COPIER 1
P00000012304 MAIL OPENER 1
P00000015970 MICRO READER 1
P00000018683 IBM TYPEWRITER 1
P00000021151 SELECTRIC TYPEWRITER 1
P00000021152 SELECTRIC TYPEWRITER 1
P00000021153 SELECTRIC TYPEWRITER 1
P00000021154 SELECTRIC TYPEWRITER 1
P00000021155 SELECTRIC TYPEWRITER 1
P00000021156 SELECTRIC TYPEWRITER 1
P00000021157 SELECTRIC TYPEWRITER 1
P00000021158 SELECTRIC TYPEWRITER 1
P00000021159 SELECTRIC TYPEWRITER 1
P00000021160 SELECTRIC TYPEWRITER 1
P00000021161 SELECTRIC TYPEWRITER 1
P00000021163 SELECTRIC TYPEWRITER 1
P00000021164 SELECTRIC TYPEWRITER 1
P00000021165 SELECTRIC TYPEWRITER 1
P00000022283 POLLING UNIT 1
</TABLE>
PAGE 164
<PAGE> 287
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 100
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000026750 ELECTRONIC POSTAGE MACHINE MODEL 305AS4 1
P00000026951 MONROE 2850 1
P00000031727 5052 COPIER 1
P00000034796 DEX 150 FAX 1
P00000037530 DISK DRIVE-DATAPOINT 1
P00000039115 STAND, VIDEO 1
P00000039116 BOARD, MARK-WIPE 1
P00000039117 DESK, 60X30 LFT HON 1
P00000039119 DESK, 5/PED RGT HON 1
P00000039120 TABLE, HOSPITALITY-WALNUT 10
P00000039121 FILE, 4 DRAWER 5
P00000039122 FILE CABINET 4 DWR-LGL 2
P00000039123 LOCK, HON SERIES CABINET 2
P00000039124 CONTAINER, RND BGE 3
P00000039125 WASTEBASKET, BLACK 3
P00000039126 CHAIR MAT 45X53 1
P00000039127 CHAIR, HIGH BACK 1
P00000039128 CHAIR, HIGH BACK 2
P00000039129 DESK, DBL PED BK 36X72 1
P00000039674 TABLE/BLACK WALNUT 3
P00000039675 TABLE/60X30 3
P00000039676 TABLE/30X30 BK/WL 3
P00000039677 4 DWR FILE CABINET/LGL 2
P00000039678 CHAIR/ARMED GRAY 3
P00000039679 4 DWR FILE CAB/LTR 1
P00000039680 CHAIR/GRAY STATIONARY 6
P00000039681 CHAIR/SEC BLUE 1
P00000039890 CHAIR/BLUE 30
P00000039949 TABLE/UTLITY 2
P00000039950 STAND 30X30 BEVIS 1
P00000040362 PHONE SYSTEM 1
P00000040383 ADDT'L DOWN PMT/PHONE 1
P00000041641 FAX/DEX 80 1
P00000043287 FURNACE 1
</TABLE>
PAGE 165
<PAGE> 288
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 100
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000043610 CHECK PROTECTOR 1
P00000043833 PHONE SYSTEM 1
P00000045668 FLAG POLE & FLAG 1
P00000045826 COPIER 1
P00000045873 LIGHT/FLAG POLE 1
P00000045951 VIDEO CAMERA 1
P00000048411 SOFTWARE FOR TELEPHONE SYSTEM 1
P00000048419 COPY MACHINE 1
P00000048423 SCALE/ELECTRONIC 1
** ACCOUNT 0357000000
---
273
---
P00000035816 BASE STATION 1
P00000036036 MOBIL STATION/RADIO 17
P00000049406 RADIO 4
** ACCOUNT 0357000100
---
22
---
P00000005667 PATCH PANEL 1
P00000005668 PATCH PANEL 1
P00000005669 PATCH PANEL 1
P00000005670 SCOPE 1
P00000005674 TELE-COMM. EQUIPMENT CABINET 2
P00000005675 DATA LINE MONITOR 1
P00000031670 DATAPOINT/7085-7522 1
P00000031931 IBM MONITOR 1
P00000031932 IBM PC XT 1
P00000031934 MODEM-HAYES 96 1
P00000031936 MODEM 0983801-003 1
P00000031941 MODEM UDS 9600 AB 1
</TABLE>
PAGE 166
<PAGE> 289
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 100
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000031942 MODEM UDS 9600 AB 1
P00000031943 MODEM PLT 19.2 1
P00000031950 UDS 9600 AB 1
P00000031959 UDS 9600 AB 1
P00000031968 UDS 9600 AB 1
P00000031972 SOFTWARE 1
P00000035864 TANDY 4000 1
P00000037050 PRINTER 1
P00000037496 PRINTER/LASER 1
P00000038277 PC COMPUTER/PRINTER 1
P00000038523 COMPUTER-MONITOR 1
P00000038564 PROCESSOR-8605 1
P00000038979 COMPUTER/IBM PC 1
P00000038980 IBM PRINTER 1
P00000040141 386SX-MFP 1
P00000040222 COMPUTER 386SX/ISIMB 1
P00000040227 COMPUTER 386SX/ISIMB 1
P00000040228 COMPUTER 386SX/ISIMB 1
P00000040238 COMPUTER 386SX/ISIMB 1
P00000040242 COMPUTER 386SX/ISIMB 1
P00000040249 LASER PRINTER 1
P00000040347 386SX-MPF 1
P00000040349 VAX 4000 1
P00000040350 4MM DAT TAPE 1
P00000040351 LG01 PRINTER 1
P00000040352 DEMPR 1
P00000040353 DELNI 1
P00000040354 DELSERVER 300 1
P00000040355 DESMA 1
P00000040357 UPS-HA10G 1
P00000040358 DEPCA 5
P00000040359 MVAX 3100 1
P00000040360 LA75 1
P00000040361 VT320 1
</TABLE>
PAGE 167
<PAGE> 290
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 100
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000040363 HARD DRIVE 47
P00000040739 COMPUTER 1
P00000041213 9600 MODEM & CABLES/ROBOTICS 1
P00000041304 COMPUTER 7
P00000041305 COLOR MONITOR 1
P00000041306 B/U DISC ISASX 14
P00000041332 NETWORK MANAGER PC 1
P00000041333 NODE DOS 52
P00000041407 MODEM 1
P00000041650 ETHERNET IEEE 802.3 DEVICE 3
P00000041651 DECSCHEDULER BIN & DOCTK 1
P00000041652 PCSA OS/2 CLIEN RX23 1
P00000041654 NETWORK IMPLEMENTATION 1
P00000041655 ETHERWORKS DEPCA TURBO 10
P00000041656 MONO AMBER TERM USA 1
P00000041657 RRD40 600MB,CDROM,EXPB0X120 1
P00000041658 DS300 EIA423 TRMSV 120V 1
P00000041659 DS200 RS232 TRMSV 120V 1
P00000041660 ADD-ON 8 MUX RS232-BA21X 1
P00000041661 UTP MAU 5
P00000041662 UTP DECREPEATER 350 1
P00000041663 LICENSE, PATHWORKS DOS 12
P00000041664 LICENSE, VAX/VMS 0.S. 1
P00000041665 DECSVR 200/VMS 0.S. 1
P00000041666 DECSCHEDULER 1
P00000041667 VAX DIST QUENE LICENSE 1
P00000041668 VAX DIST QUENE LICENSE 1
P00000041669 VAX DIST QUENE TK50 1
P00000041670 SERV LICENSE,PSCA 0S/2 1
P00000041671 CLIEN LICENSE, PCSA OS/2 1
P00000041673 CABLE LP37AA BC27A30 1
P00000041727 LINE PORT/COMPUTER 1
P00000041755 SOLID STATE RECORDER 1
P00000041760 OPERATING SYSTEM S/W 18
</TABLE>
PAGE 168
<PAGE> 291
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 100
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000041772 CPU 286/386 PC386SX/IS IMB 1
P00000041773 CUSTOM DRIVE TAPE 12
P00000041774 MONITOR/DISPLAY COLOR 1
P00000041780 MONITOR/DISPLAY COLOR 1
P00000041789 MEMORY CHIPS 1
P00000041797 PC SYSTEM 486/33 1
P00000041798 CUS HARD DRIVE D 1
P00000041869 LANTASTIC SOFTWARE 12
P00000041870 ADD-ON CARD 1
P00000043826 PAINT JET PRINTER 1
P00000044012 386SX COMPUTER 1
P00000044013 386SX COMPUTER 1
P00000044016 PC MONITOR 1
P00000044017 PC MONITOR 1
P00000044018 PC MONITOR 1
P00000044019 PC MONITOR 1
P00000044123 CXYO8-AF TERMINAL CONTROLLER 1
P00000044155 COMPUTER 1
P00000044156 COMPUTER 1
P00000044438 SOFTWARE 1
P00000044483 IBM MODEL 36 1
P00000044484 PRINTER 1
P00000044485 IBM COMPUTER 1
P00000045955 COMPUTER DISC 1
P00000045978 COMPUTER DISC 1
P00000045979 COMPUTER DISC 1
P00000046003 PC 1
P00000046004 PC #1523604479 1
P00000046011 COLOR MONITOR 1
P00000046012 COLOR MONITOR 1
P00000046019 PC 1523982555 1
P00000046024 COLOR MONITOR 1
P00000046040 IBM THINKPAD 1
P00000046041 IBM THINKPAD 1
</TABLE>
PAGE 169
<PAGE> 292
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 100
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000046217 IBM THINKPAD PRINTER 1
P00000046218 IBM THINKPAD PRINTER 1
P00000046219 HP LASERJET 1
P00000046220 IBM THINKPAD PRINTER 1
P00000046221 BACKUP TAPE 18GBF PEDIESL 1
P00000046223 NCR 386SX PC 1
P00000046225 NETWORK INTERCONNECT 1
P00000046226 DEC-REPEATER 350 1
P00000046227 DEC-REPEATER 350 1
P00000046228 DEC FILE OPTM V CW 300 1
P00000046229 SOFTWAARE LICENSE/DEC C++ V 1
P00000046375 9600 MODEM & CABLES/ROBOTICS 1
P00000046457 NCR MONITOR 1
P00000046501 MONITOR 1
P00000046511 IBM COMPUTER 1
P00000046665 9600 MODEM & CABLES/ROBOTICS 1
P00000046690 9600 MODEM & CABLES/ROBOTICS 1
P00000046719 MULTIPLEXOR SER# 3141767 1
P00000046742 PC 486DX 1
P00000046744 PC 486DX 1
P00000046855 COMPUTER IBM 300/MOD 1
P00000046856 COMPUTER IBM 300/MOD 1
P00000046868 IBM MODEM 1
P00000046880 IBM PC/COLOR DISPLAY 1
P00000046881 IBM PC/COLOR DISPLAY 1
P00000046882 IBM PC/COLOR DISPLAY 1
P00000046884 IBM PC/COLOR DISPLAY 1
P00000046889 IBM PC PS/V 1
P00000046890 IBM PC PS/V 1
P00000046891 IBM PC PS/V 1
P00000046892 IBM COLOR DISPLAY 1
P00000046893 IBM COLOR DISPLAY 1
P00000046894 IBM COLOR DISPLAY 1
P00000047073 665MB HARD DRIVE 1
</TABLE>
PAGE 170
<PAGE> 293
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 100
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000047665 SOFTWARE/DW MOTIF LICENSE 1
P00000047667 DECREPEATER 1
P00000047760 THINKPAD 350 1
P00000047761 THINKPAD 350 1
P00000047762 THINKPAD 350 1
P00000047763 THINKPAD 350 1
P00000047764 PRINTER 2
P00000047765 CASE 2
P00000048269 MODEM 1
P00000048270 IBM 14V COLOR MONITOR 1
P00000048271 IBM PS/V 486SX 1
P00000048273 IBM PS/V 486SX 1
P00000048274 IBMPS/V 82M 486DX 1
P00000048275 IBMPS/V 82M 486DX 1
P00000048276 IBMPS/V 82M 486DX 1
P00000048277 IBMPS/V 82M 486DX 1
P00000048278 MODEM 3
P00000048282 IBM 14V COLOR MONITOR 1
P00000048283 IBM 14V COLOR MONITOR 1
P00000048284 IBM 14V COLOR MONITOR 1
P00000048286 IBM PS/V 486SX 1
P00000048287 IBM PS/V 486SX 1
P00000048289 IBM PS/V 486SX 1
P00000048292 IBM PS/V 486SX 1
P00000048293 IBM PS/V 486SX 1
P00000048294 IBM PS/V 486SX 1
P00000048296 IBM PS/V 486SX 1
P00000048297 IBM PS/V 486SX 1
P00000048300 IBM PS/V 486SX 1
P00000048301 IBM PS/V 486SX 1
P00000048303 IBM PS/V 486SX 1
P00000048305 IBM PS/V 486SX 1
P00000048306 IBM PS/V 486SX 1
P00000048307 IBM PS/V 486SX 1
</TABLE>
PAGE 171
<PAGE> 294
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 100
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000048308 IBM PS/V 486SX 1
P00000048309 IBM PS/V 486SX 1
P00000048310 IBM PS/V 486SX 1
P00000048313 IBM 14V COLR/S MONITOR 1
P00000048314 IBM 14V COLR/S MONTIOR 1
P00000048317 IBM 14V COLR/S MONITOR 1
P00000048320 IBM 14V COLR/S MONITOR 1
P00000048322 IBM 14V COLR/S MONITOR 1
P00000048323 IBM 14V COLR/S MONITOR 1
P00000048325 IBM 14V COLR/S MONITOR 1
P00000048326 IBM 14V COLR/S MONITOR 1
P00000048327 IBM 14V COLR/S MONITOR 1
P00000048329 IBM 14V COLR/S MONITOR 1
P00000048330 IBM 14V COLR/S MONITOR 1
P00000048331 IBM 14V COLR/S MONITOR 1
P00000048332 IBM 14V COLR/S MONITOR 1
P00000048333 IBM 14V COLR/S MONITOR 1
P00000048335 IBM 14V COLR/S MONITOR 1
P00000048336 IBM 14V COLR/S MONITOR 1
P00000048337 IBM 14V COLR/S MONITOR 1
P00000048338 IBM 14V COLR/S MONITOR 1
P00000048340 IBM 14V COLR/S MONITOR 1
P00000048342 IBM PS/2 77 QNA/486DX2 1
P00000048343 IBM PS/2 8MB MOD 2
P00000048344 IBM THINKPAD 350 1
P00000048345 IBM THINKPAD 350 1
P00000048346 APEC 2400DATA 96 FAX 2
P00000048418 PROXIMA PROJECTOR 1
P00000049959 MONO AMBER TERM USA 1
P00000049960 MONO AMBER TERM USA 1
P00000049961 MONO AMBER TERM USA 1
P00000049962 MONO AMBER TERM USA 1
P00000049963 MONO AMBER TERM USA 1
P00000049964 MONO AMBER TERM USA 1
</TABLE>
PAGE 172
<PAGE> 295
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 100
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
P00000049965 MONO AMBER TERM USA 1
P00000049966 MONO AMBER TERM USA 1
P00000049969 MONO AMBER TERM USA 1
P00000049970 MONO AMBER TERM USA 1
P00000049971 MONO AMBER TERM USA 1
P00000049972 MONO AMBER TERM USA 1
P00000049973 MONO AMBER TERM USA 1
P00000049974 MONO AMBER TERM USA 1
P00000049975 MONO AMBER TERM USA 1
P00000049976 MONO AMBER TERM USA 1
P00000049977 MONO AMBER TERM USA 1
P00000049978 MONO AMBER TERM USA 1
P00000049979 MONO AMBER TERM USA 1
P00000049980 MONO AMBER TERM USA 1
P00000049981 MONO AMBER TERM USA 1
P00000049982 MONO AMBER TERM USA 1
P00000049984 MONO AMBER TERM USA 1
P00000049985 MONO AMBER TERM USA 1
P00000050036 9600 MODEM & CABLES/ROBOTICS 1
P00000050048 9600 MODEM & CABLES/ROBOTICS 1
P00000050049 9600 MODEM & CABLES/ROBOTICS 1
P00000050050 9600 MODEM & CABLES/ROBOTICS 1
P00000050051 9600 MODEM & CABLES/ROBOTICS 1
P00000050058 MODEM-DETROIT REF 1
P00000050059 UTP DECREPEATER 350 1
** ACCOUNT 0357000200
----
433
----
** BRANCH 100
------
1,269
------
</TABLE>
PAGE 173
<PAGE> 296
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
CORP BRANCH
CODE
- ---- ------
EPC 100
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
**CORP EPC
------
4,714
------
</TABLE>
PAGE 174
<PAGE> 297
DATE/TIME 08/30/94 11.44 EMRO PROPANE COMPANY
M&D FIXED ASSET LISTING
<TABLE>
<CAPTION>
ITEM NUMBER ASSET DESC ITEM
LONG QUANTITY
- --------------------------------------------------------------------------------
<S> <C>
***GRAND-TOTALS
4,714
</TABLE>
PAGE 175
<PAGE> 298
EXHIBIT 1.14
EXCLUDED ASSETS
1. Subject to the provisions of Article XIII, the Emro Propane Company
name and logo in any form.
2. Cash and cash equivalents, except for the amount in the cash drawers
as determined under Section 3.3, and prepayments and deposits as
determined under Section 3.5.
3. All shares of preferred stock in USX Portfolio Delaware, Inc.
4. EPC owned underground storage tanks at customers' locations.
<PAGE> 299
EXHIBIT 1.15
EXCLUDED STATION ASSETS
1. Subject to the provisions of Section 24.15, the Shell and MAPCO names
and logos in any form.
2. Cash and cash equivalents, except for the amount in the cash drawers
as determined under Section 3.3, and prepayments and deposits as
determined under Section 3.5.
3. Shell verifone machines and Shell imprinters.
<PAGE> 300
EXHIBIT 1.19
TRUCK SPARE PARTS
Alternators & Starters
Brakes
LP Carburetors
Engine Parts
Bobtail Hood
Meter & Pump Parts
Tires
Suspension & Steering Parts
Safety Equipment
Carburetor Repair Kits
Axle Parts
Drive Shaft Parts
Truck Body & Bobtail Metal Parts
Engine Exhaust System Parts
Bobtail Piping & Carburetor Fittings
Trailer Parts
Ignition Parts
Lighting Parts & Equipment
Meter Parts
Transmissions & Parts
Transfer Cases & Parts
Power Take-offs & Parts
<PAGE> 301
EXHIBIT 1.21
LAND
OWNED
MICHIGAN
<TABLE>
<S> <C>
Corporate Office:
6054 Hill-23 Drive 3101 W. Houghton Lake Dr.
Flint, MI 48507 Houghton Lake, MI 48629
1855 Remell Street 15317 S. Telegraph
Flint, MI 48503 Monroe, MI 48161
1839 Remell Street 3306 Lapeer Road
Flint, MI 48503 Flint, MI 48501
7038 Westside Saginaw Road 1400 S. Huron
Bay City, MI 48706 Tawas City, MI 48763
Junction M-81 & M-53 3950 Ann Arbor Road
Cass City, MI 48726 Jackson, MI 49202
525 S. I-75 Business Loop 303 W. Parkdale Avenue
Grayling, MI 49738-0503 Manistee, MI 49660
3223 US-23 South 5541 Lapeer Street
Alpena, MI 49707 Kimball, MI 48074
2147 I-75 Business Loop 2541 West M-61
West Branch, MI 48661 Gladwin, MI 48624
10029 30th Ave. (M-66) 645 E. Highland R. (M-59)
Remus, MI 49340 Howell, MI 48844
961 N. Van Dyke Road 10332 S. State Rd.
Bad Axe, MI 48413 Millington, MI 48746
6021 E. Pere Marquette Rd., Rt. #4 8290 Silver Lake Road
Clare, MI 48617 Linden, MI 48451
51897 N. Gratiot 4234 M-25
Chesterfield, MI 48051 Unionville, MI 48767
3971 N. M-33 17771 Sumpter Road
Rose City, MI 48654 Belleville, MI 48111
</TABLE>
<PAGE> 302
OWNED
MICHIGAN (CONT.)
<TABLE>
<S> <C>
225 Cedar 2628 N. US 131 NE
Imlay City, MI 48444 Kalkaska, MI 49646
M-33 - P.O. Box 335 401 N. Straits Hwy. (M-27)
Atlanta, MI 49709 Indian River, MI 49749
4981 E. M-115 13021 Michigan Avenue
Cadillac, MI 49601 Marshall, MI 49068
2145 W. Gun Lake Road 8350 US-127, Rt. #1
Hastings, MI 49058 Addison, MI 49220
7777 E. Old M-78 US 131 & Dead Man's Hill Rd.
East Lansing, MI 48823 Alba, MI
Honor Hwy. (US 31) & Reynolds Rd. 5001 Ann Arbor Road
Interlochen, MI Dundee, MI
Approximate 1.6 Acre Parcel of land in Onaway Approximate 5.5 acre parcel of land, 3/4 mile east
Industrial Park, Onaway, MI, better known as Tax of 8290 Silver Lake Rd., Linden, MI, better known
Parcel I.D. No. 160-205-000-020-03 City of Onaway, as Tax Parcel I.D. No. A-332-B, Argentine Twp.,
Presque Isle, MI Genesee County, MI
</TABLE>
ILLINOIS
<TABLE>
<S> <C>
Rt. #5 - Hwy. 45S Hwy. 130 & Main St.
Fairfield, IL 62837 Hidalgo, IL 62432
North Rt. #45 Rt. #33E
Effingham, IL 62401 Oblong, IL 62449
120 W. Mac Avenue Rt. #1S
Olney, IL 62450 West Union, IL 62477
177 S. Main US Hwy. 45
Louisville, IL 62858 Louisville, IL 62858
1001 W. Randolph RR #4
Vandalia, IL 62471 Charleston, IL 61920
12275 Highland Rd. Route #128N
Highland, IL 62249 Shelbyville, IL 62565
2041 N. Broadway Hwy. Rt. 1N
Salem, IL 62881 Grayville, IL 62844
707 N.E. Third or off Rt. 49 605 W. Main Street or Rt. 40
Casey, IL, better known as Tax Parcel I.D. No. 03- Casey, IL, better known as Tax Parcel I.D. No. 03-
018-016-00 021-018-00
Clark County, IL Clark County, IL
</TABLE>
<PAGE> 303
OWNED
ILLINOIS (CONT.)
<TABLE>
<S> <C>
S. Broadway 1416 E. Archer Avenue - RR #4
Shelbyville, IL 62565 Marshall, IL
US 40 (RR #2) US 45 & I-57
Martinsville, IL Neoga, IL
907 E. Cumberland St. Rt. 130 (Rt. #1)
Greenup, IL Hidalgo, IL
Lake View Street 4011 E. Muller Avenue
Niantic, IL Decatur, IL
US Hwy. No. 50 RR #3 (Co. Rds. 900 E & 1100 N)
Claremont, IL Lawrenceville, IL
508 N.E. First or Rt. 49/N. Central
Casey, IL, better known as Tax Parcel I.D.
No. 03-087-010-00
Clark County, IL
</TABLE>
INDIANA
<TABLE>
<S> <C>
Rt. #5 - Box 232A US 421 S-County Rd. 550 S
Vincennes, IN 47591 Francesville, IN 47946
120 Osmer * P.O. Box 07 - RR #2
Lucerne, IN 46950 Urbana, IN 46990
423 N. Halleck
Demotte, IN 46310
</TABLE>
OHIO
<TABLE>
<S> <C>
1875 E. State Street V-071 S. State Rt. #66
Fremont, OH 43420 Archbold, OH 43502
59 Hyde Street 4620 W. Lakeshore Drive
Wakeman, OH 44889 Port Clinton, OH 43452
5340 W. Tiffin Street 1 Amberwood Court
Bascom, OH 44809 Ashland, OH 44805
5517 Woodville Road 8348 Providence-Neapolis-Swanton Rd.
Toledo, OH 43619 Neapolis, OH 43547
St. Rt. 98 29185 St. Rt. 281
Bucyrus, OH Defiance, OH
15083 Fulton Co. Rd. J 8880 St. Hwy. 109
Wauseon, OH Delta, OH
</TABLE>
* THIS PARCEL TOGETHER WITH A PARCEL LEASED BY EPC CONSTITUTE THE SITE
AT URBANA, INDIANA OWNED OR LEASED BY EPC.
<PAGE> 304
OWNED
OHIO (CONT.)
<TABLE>
<S> <C>
RD 2, 1217 New State Rd. St. Rt. 4 (Columbus-Sandusky Rd.)
Norwalk, OH Bellevue, OH
8860 Providence-Neapolis-Swanton Rd. Thompson & Put-In-Bay Rds.
Neapolis, OH Put-In-Bay, OH
8534 S. St. Rt. 4 (Columbus & Sandusky Park Rd.) 13398 Cygnet Rd. & US 25
Attica, OH Cygnet, OH
</TABLE>
<PAGE> 305
LAND
LEASED ***
MICHIGAN
<TABLE>
<S> <C>
2750 Lippincott Coman & Broom Rds.
Flint, MI Waldron, MI
4407 M-99 7923 N. Dixie Hwy.
Homer, MI Newport, MI
Area within Emro's fence for
driveway & parking at 3302 Lapeer
Road, Flint, MI
</TABLE>
ILLINOIS
<TABLE>
<S> <C>
3009 Red Stripe Road St. Rt. 49
Selmaville, IL Kansas, IL
RR #4, Co. Rd. 725 N RR #1, St. Rt. 1
Boyleston, IL Norris City, IL
Lerna Road RR #3, Co. Rd. 325 E
Lerna, IL Xenia, IL
Springfield Avenue Illinois & "A" Sts.
Paris, IL Chrisman, IL
</TABLE>
INDIANA
<TABLE>
<S> <C>
** P. O. Box 07 - RR #2 Folsomville & Degonia Rds.
Urbana, IN 46990 Folsomville, IN
631 E. Broadway
Logansport, IN 45347
</TABLE>
OHIO
<TABLE>
<S> <C>
318 N. High Street Dewey Road
Mt. Blanchard, OH Amherst, OH
7164 Farmer/Mark/Center Rds. 1851 S.R. 590 Near US 20
Farmer, OH Gibsonburg, OH
Nr. Bookerman & Clarence 2040 St. Rd.
Kelly's Island, OH Port Clinton, OH
</TABLE>
** THIS PARCEL TOGETHER WITH A PARCEL OWNED BY EPC CONSTITUTE THE SITE AT
URBANA, INDIANA OWNED OR LEASED BY EPC.
*** ASSIGNMENTS OF LEASE AGREEMENTS ARE SUBJECT TO LESSOR'S APPROVAL.
<PAGE> 306
LEASED
OHIO (CONT.)
<TABLE>
<S> <C>
382 Funk Road Small parcel situated at Emro Marketing Company's
Shelby, OH fuel center located at 8924 Lake Road
Lodi, OH
</TABLE>
<PAGE> 307
EXHIBIT 1.24
OTHER ASSETS
1. The Fuelgas and NRG trade names, trademarks, service marks and any art
therewith.
2. The prepaid deposits for utilities, fuel, leases, maintenance expense,
advertising, postage and miscellaneous items.
<PAGE> 308
EXHIBIT 1.27
PURCHASE PRICE ALLOCATION
1. The allocations for the purposes of title insurance, and cash
allocated prices for the purpose of valuation of a parcel of Land that
may be excluded from the transaction pursuant to various terms of this
Agreement are set forth on pages 2 through 6 of this Exhibit. The
cash allocated values a for purchase price adjustment purposes only
and are not necessarily indicative of the fair market value of any or
all of the Land shown thereon. Such cash allocated prices do not
include costs and expenses reimburseable by EPC relating to the
relocation of the Assets located on the Land in accordance with
Article 14 of the Agreement in the event a parcel of Land may be
excluded.
2. The allocations for the purposes of title insurance for a Station are
set forth on pages 7 and 8 of this Exhibit.
3. The allocations for the purpose of valuation of a parcel of a Station
that may be excluded from the transaction pursuant to various terms of
this Agreement are set forth on pages 9 and 10 of this Exhibit. The
cash allocated values are for purchase price adjustment purposes only
and are not necessarily indicative of the fair market value of any or
all of the Stations shown thereon.
4. The remaining allocations of the Purchase Price are as follows:
<PAGE> 309
Title Insurance Amounts and Cash Allocated Prices
LAND
<TABLE>
<S> <C> <C> <C> <C> <C>
MICHIGAN
Corporate Office: 733,800 3101 W. Houghton Lake Dr. 3 221,000
6054 Hill-23 Drive Houghton Lake, MI 48629
Flint, MI 48507
1855 Remell Street 368,000 15317 S. Telegraph 28 189,000
Flint, MI 48503 Monroe, MI 48161
1839 Remell Street 62,000 3306 Lapeer Road 1 177,400
Flint, MI 48503 Flint, MI 48501
7038 Westside Saginaw Road 2 126,400 1400 S. Huron 4 114,400
Bay City, MI 48706 Tawas City, MI 48763
Junction M-81 & M-53 5 73,200 3950 Ann Arbor Road 14 127,700
Cass City, MI 48726 Jackson, MI 49202
525 S. I-75 Business Loop 6 144,000 303 W. Parkdale Avenue 15 125,200
Grayling, MI 49738-0503 Manistee, MI 49660
3223 US-23 South 7 63,600 5541 Lapeer Street 16 113,600
Alpena, MI 49707 Kimball, MI 48074
2147 I-75 Business Loop 8 269,000 2541 West M-61 17 94,600
West Branch, MI 48661 Gladwin, MI 48624
10029 30th Ave. (M-66) 9 97,600 645 E. Highland R. (M-59) 18 182,000
Remus, MI 49340 Howell, MI 48844
961 N. Van Dyke Road 10 176,800 10332 S. State Rd. 19 77,000
Bad Axe, MI 48413 Millington, MI 48746
6021 E. Pere Marquette Rd., Rt. #4 11 91,400 8290 Silver Lake Road 20 158,400
Clare, MI 48617 Linden, MI 48451
</TABLE>
<PAGE> 310
<TABLE>
<S> <C> <C> <C> <C> <C>
MICHIGAN (Continued)
51897 N. Gratiot 12 147,400 4234 M-25 21 62,400
Chesterfield, MI 48051 Unionville, MI 48767
3971 N. M-33 13 116,400 17771 Sumpter Road 22 57,000
Rose City, MI 48654 Belleville, MI 48111
225 Cedar 23 82,200 2628 N. US 131 NE 25 143,800
Imlay City, MI 48444 Kalkaska, MI 49646
M-33 - P.O. Box 335 26 66,800 401 N. Straits Hwy. (M-27) 27 181,400
Atlanta, MI 49709 Indian River, MI 49749
4981 E. M-115 29 123,500 13021 Michigan Avenue 30 124,200
Cadillac, MI 49601 Marshall, MI 49068
2145 W. Gun Lake Road 31 111,800 8350 US-127, Rt. #1 49 118,400
Hastings, MI 49058 Addison, MI 49220
7777 E. Old M-78 75 120,000 US 131 & Dead Man's Hill Rd. 14,200
East Lansing, MI 48823 Alba, MI
Honor Hwy. (US 31) & Reynolds Rd. 10,000 5001 Ann Arbor Road 20,000
Interlochen, MI Dundee, MI
Approximate 1.6 Acre Parcel of land in 96,000 Approximate 5.5 acre parcel of land, 34,500
Onaway Industrial Park, Onaway, MI, 3/4 mile east of 8290 Silver Lake Rd.,
better known as Tax Parcel I.D. No. Linden, MI, better known as Tax Parcel
160-205-000-020-03 City of Onaway, I.D. No. A-332-B, Argentine Twp.,
Presque Isle, MI Genesee County, MI
</TABLE>
<PAGE> 311
<TABLE>
<S> <C> <C> <C> <C> <C>
ILLINOIS
Rt. #5 - Hwy. 45S 59 37,900 Hwy. 130 & Main St. 25,500
Fairfield, IL 62837 Hildago, IL 62432
North Rt. #45 60 18,500 Rt. #33E 38 121,600
Effingham, IL 62401 Oblong, IL 62449
120 W. Mac Avenue 65 73,500 Rt. #1S 39 37,200
Olney, IL 62450 West Union, IL 62477
177 S. Main 50 49,000 US Hwy. 45 22,100
Louisville, IL 62858 Louisville, IL 62858
1001 W. Randolph 69 144,900 RR #4 53 118,500
Vandalia, IL 62471 Charleston, IL 61920
12275 Highland Rd. 72 49,300 Route #128 N 73 246,400
Highland, IL 62249 Shelbyville, IL 62565
2041 N. Broadway 57 103,600 Hwy. Rt. 1N 54 3,700
Salem, IL 62881 Grayville, IL 62844
707 N.E. Third or off Rt. 49 Casey, IL, 41,700 605 W. Main Street or Rt. 40 Casey, IL, 17,900
better known as Tax Parcel I.D. No. 03- better known as Tax Parcel I.D. No. 03-
018-016-00 Clark County, IL 021-018-00 Clark County, IL
S. Broadway 17,100 1416 E. Archer Avenue - RR #4 4,400
Shelbyville, IL 62565 Marshall, IL
US 40 (RR #2) 40,600 US 45 & I-57 58,200
Martinsville, IL Neoga, IL
907 E. Cumberland 20,600 St. Rt. 130 (Rt. #1) 50,400
Greenup, IL Hidalgo, IL
Lake View Street 7,700 4011 E. Muller Avenue 55 48,600
Niantic, IL Decatur, IL
US Hwy. No. 50 147,000 RR #3 (Co. Rds. 900 E & 1100 N) 30,000
Claremont, IL Lawrenceville, IL
</TABLE>
<PAGE> 312
<TABLE>
<S> <C> <C> <C> <C> <C>
ILLINOIS (Continued)
508 N.E. First or Rt. 49/N. Central 37 160,600
Case, IL, better known as Tax Parcel
I.D. No. 03-087-010-00
Clark County, IL
INDIANA
Rt. #5 - Box 232A 38,400 US 421 S-County Rd. 550 S 66 53,400
Vincennes, IN 47591 Francesville, IN 47946
120 Osmer 68 72,400 1P.O. Box 07 - RR #2 70 15,000
Lucerne, IN 46950 Urbana, IN 46990
423 N. Halleck 71 212,400
Demotte, IN 46310
OHIO
1875 E. State Street 41 139,200 V-071 S. State Rt. #66 46 196,600
Fremont, OH 43420 Archbold, OH 43502
59 Hyde Street 40 166,100 4620 W. Lakeshore Drive 42 115,100
Wakeman, OH 44889 Port Clinton, OH 43452
5340 W. Tiffin Street 43 54,800 1 Amberwood Court 45 190,500
Bascom, OH 44809 Ashland, OH 44805
5517 Woodville Road 47 217,400 8348 Providence-Neapolis-Swanton Rd. 48 71,900
Toledo, OH 43619 Neapolis, OH 43547
St. Rt. 98 3,300 29185 St. Rt. 281 8,400
Bucyrus, OH Defiance, OH
15083 Fulton Co. Rd. J 50,400 8880 St. Hwy. 109 21,500
Wauseon, OH Delta, OH
</TABLE>
____________________
1 This parcel, together with a parcel leased by EPC,
constitutes the site at Urbana, Indiana, owned or leased by EPC.
<PAGE> 313
<TABLE>
<S> <C> <C> <C> <C>
OHIO (Continued)
RD 2, 1217 New State Rd. 72,000 St. Rt. 4 (Columbus-Sandusky Rd.) 16,700
Norwalk, OH Bellevue, OH
8860 Providence-Neapolis-Swanton Rd. 63,200 Thompson & Put-In-Bay Rds. 4,400
Neapolis, OH Put-In-Bay, OH
8534 S. St. Rt. 4 (Columbus & Sandusky 18,300 13398 Cygnet Rd. & US 25 16,300
Park Rd.) Cygnet, OH
Attica, OH
</TABLE>
<PAGE> 314
Title Insurance Amounts
STATIONS
<TABLE>
<CAPTION>
STORE
NUMBER ADDRESS CITY $(000's)
- ------ ------- ---- --------
<S> <C> <C> <C>
6102 405 E. Merritt Island CSWY Merritt Island 600
6104 102 S. Orlando Ave. Cocoa Beach 350
6109 2700 N. Cocoa Blvd. Cocoa 300
6114 3000 Sarno Road Melbourne 100
6115 6058 Sisson Rd. Titusville 725
6116 1298 South U.S. 1 Rockledge 525
6117 3414 London Blvd. Cocoa 625
6118 1210 Malabar Rd., S.E. Palm Bay 350
6120 698 N. Courtenay Pkwy. Merritt Island 225
6121 4600 W. New Haven Ave. Melbourne 300
6143 2501 Orange Ave. Fort Pierce 300
6144 1700 S. Bayshore Blvd. Port St. Lucie 175
6145 2200 S. East Walten Rd. Port St. Lucie 450
6148 5001 S. Federal Hwy. Fort Pierce 600
6149 471 S.W. Port St. Lucie Blvd. Port S. Lucie 325
6150 3981 Lake Worth Road Lake Worth 350
6151 2500 Forrest Hill Blvd. West Palm Beach 300
6154 1149 45th Street West Palm Beach 300
6156 1733 S. Congress Ave. Palm Beach 400
6157 104 N. U.S. #1 Tequesta 300
6158 3585 S.W. Mapp Road Palm City 75
6159 1805 S.W. Kanner Hwy. Stuart 125
6160 3093 Hwy. 98 North Okeechobee 275
6162 9280 W. Indiantown Road Jupiter 800
6170 9020 95th Street Sebastian 100
6177 2490 P.G.A. Blvd. Palm Beach Garden 1,000
</TABLE>
<PAGE> 315
<TABLE>
<CAPTION>
STORE
NUMBER ADDRESS CITY $(000's)
- ------ ------- ---- --------
<S> <C> <C> <C>
6209 U.S. 441 N. & Double Run Lake City 100
6210 705 N. Temple Starke 75
6211 834 W. Madison Starke 70
6401 420 Magnolia Auburndale 150
6403 550 West 540-A Lakeland 150
6404 2190 East 540-A Lakeland 400
6405 2225 South Combee Road Lakeland 250
6406 4620 Cleveland Heights Blvd. Lakeland 300
6407 2100 W. Memorial Blvd. Lakeland 100
6408 1920 S. Central Avenue Lakeland 225
6409 Pipkin Rd./Lunn Rd. Lakeland 100
6410 Griffin/Kathleen Lakeland 100
6411 6655 N. Socrum Loop Road Lakeland 300
6412 5869 U.S. 98 North Lakeland 200
6413 3005 SR 540 & Spirit Lake Road Winter Haven 75
6414 1502 Recker Highway Winter Haven 125
1008 Baileytown Rd. @ I-81 Greenville, TN 600
</TABLE>
<PAGE> 316
Cash Allocated Prices
STATIONS
<TABLE>
<CAPTION>
STORE
NUMBER ADDRESS CITY $ (000's)
- ------ ------- ---- ---------
<S> <C> <C> <C>
6102 405 E. Merritt Island CSWY Merritt Island 650
6104 102 S. Orlando Ave. Cocoa Beach 383
6109 2700 N. Cocoa Blvd. Cocoa 340
6114 3000 Sarno Road Melbourne -0-
6115 6058 Sisson Rd. Titusville 800
6116 1298 South U.S. 1 Rockledge 600
6117 3414 London Blvd. Cocoa 750
6118 1210 Malabar Rd., S.E. Palm Bay 400
6120 698 N. Courtenay Pkwy. Merritt Island 300
6121 4600 W. New Haven Ave. Melbourne 350
6143 2501 Orange Ave. Fort Pierce 350
6144 1700 S. Bayshore Blvd. Port St. Lucie 200
6145 2200 S. East Walten Rd. Port St. Lucie 500
6148 5001 S. Federal Hwy. Fort Pierce 680
6149 471 S.W. Port St. Lucie Blvd. Port S. Lucie 350
6150 3981 Lake Worth Road Lake Worth 400
6151 2500 Forrest Hill Blvd. West Palm Beach 350
6154 1149 45th Street West Palm Beach 325
6156 1733 S. Congress Ave. Palm Beach 450
6157 104 N. U.S. #1 Tequesta 350
6158 3585 S.W. Mapp Road Palm City 100
6159 1805 S.W. Kanner Hwy. Stuart 150
6160 3093 Hwy. 98 North Okeechobee 300
6162 9280 W. Indiantown Road Jupiter 1,000
6170 9020 95th Street Sebastian 125
6177 2490 P.G.A. Blvd. Palm Beach Garden 1,200
</TABLE>
<PAGE> 317
<TABLE>
<CAPTION>
STORE
NUMBER ADDRESS CITY $ (000's)
- ------ ------- ---- ---------
<S> <C> <C> <C>
6209 U.S. 441 N. & Double Run Lake City 125
6210 705 N. Temple Starke 100
6211 834 W. Madison Starke 75
6401 420 Magnolia Auburndale 175
6403 550 West 540-A Lakeland 175
6404 2190 East 540-A Lakeland 500
6405 2225 South Combee Road Lakeland 300
6406 4620 Cleveland Heights Blvd. Lakeland 350
6407 2100 W. Memorial Blvd. Lakeland -0-
6408 1920 S. Central Avenue Lakeland 251
6409 Pipkin Rd./Lunn Rd. Lakeland -0-
6410 Griffin/Kathleen Lakeland -0-
6411 6655 N. Socrum Loop Road Lakeland 350
6412 5869 U.S. 98 North Lakeland 246
6413 3005 SR 540 & Spirit Lake Road Winter Haven 100
6414 1502 Recker Highway Winter Haven 150
1008 Baileytown Rd. @ I-81 Greenville, TN 700
</TABLE>
<PAGE> 318
EXHIBIT 1.29
STATIONS
<TABLE>
<CAPTION>
STORE
NUMBER ADDRESS CITY
------ ------- ----
<S> <C> <C>
6102 405 E. Merritt Island CSWY Merritt Island
6104 102 S. Orlando Ave. Cocoa Beach
6109 2700 N. Cocoa Blvd. Cocoa
6114 3000 Sarno Road Melbourne
6115 6058 Sisson Rd. Titusville
6116 1298 South U.S. 1 Rockledge
6117 3414 London Blvd. Cocoa
6118 1210 Malabar Rd., S.E. Palm Bay
6120 698 N. Courtenay Pkwy. Merritt Island
6121 4600 W. New Haven Ave. Melbourne
6143 2501 Orange Ave. Fort Pierce
6144 1700 S. Bayshore Blvd. Port St. Lucie
6145 2200 S. East Walten Rd. Port St. Lucie
6148 5001 S. Federal Hwy. Fort Pierce
6149 471 S.W. Port St. Lucie Blvd. Port S. Lucie
6150 3981 Lake Worth Road Lake Worth
6151 2500 Forrest Hill Blvd. West Palm Beach
6154 1149 45th Street West Palm Beach
6156 1733 S. Congress Ave. Palm Beach
6157 104 N. U.S. #1 Tequesta
6158 3585 S.W. Mapp Road Palm City
6159 1805 S.W. Kanner Hwy. Stuart
6160 3093 Hwy. 98 North Okeechobee
6162 9280 W. Indiantown Road Jupiter
6170 9020 95th Street Sebastian
6177 2490 P.G.A. Blvd. Palm Beach Garden
6209 U.S. 441 N. & Double Run Lake City
</TABLE>
<PAGE> 319
<TABLE>
<CAPTION>
STORE
NUMBER ADDRESS CITY
------ ------- ----
<S> <C> <C>
6210 705 N. Temple Starke
6211 834 W. Madison Starke
6401 420 Magnolia Auburndale
6403 550 West 540-A Lakeland
6404 2190 East 540-A Lakeland
6405 2225 South Combee Road Lakeland
6406 4620 Cleveland Heights Blvd. Lakeland
6407 2100 W. Memorial Blvd. Lakeland
6408 1920 S. Central Avenue Lakeland
6409 Pipkin Rd./Lunn Rd. Lakeland
6410 Griffin/Kathleen Lakeland
6411 6655 N. Socrum Loop Road Lakeland
6412 5869 U.S. 98 North Lakeland
6413 3005 SR 540 & Spirit Lake Road Winter Haven
6414 1502 Recker Highway Winter Haven
1008 Baileytown Rd. @ I-81 Greenville, TN
</TABLE>
<PAGE> 320
EXHIBIT 1.30
STATION EQUIPMENT
1. The Station Equipment listed on pages 2 through 61 of this Exhibit.
<PAGE> 321
LOCATION 6102
405 MERRITT CSWY
MERRITT ISLAND, FL
CANOPY
OUTDOOR LIGHTING
AWNING/BUTTON SIGNS
40 GALLON HOT WATER HEATER
A/C COMPRESSOR MEN5169584
AC BRCA008387
AC BR CA008375
JENNAIR EXHAUST - VENT A HOOD 115/60/111
SINK, 3-COMP, SS
CHAIR
CALCULATOR
COMPUTER CONTROLLERS 90TY33061844
AT&T COMPUTER 3735626XX23549
PRINTER 7JKAK156498
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
PAM UNIT
CURTIS GEMINI BREWER & DRIP TRAY 13116
SERVEND 305763CF
MCCANN'S FOUNTAIN KIT 318042CF
EVERPURE SYSTEM & COARSE FILTER
CUP DISPENSER - COLD
SMALL CUP DISPENSER RINGS - HOT
MANITOWOC ICE MACHINE M0005206
YOGURT MACHINE H6094310
OVEN STOVE GARLAND 198760
DISPENSER CHEESE 851187
PASTRY CASE
HOTPOINT MICROWAVE OVEN M0006472
SERVING STATION & INSERT
COOLER, WALKIN 13 DOORS
4'-9" X 8'-6" WALK IN FREEZER HHN89087
WALK IN COOLER COMPRESSOR
HUSSMAN SANDWICH CASE 95710208
STARRETT INDOOR ICE MERCHANDISER 65136-2-I
MASTER-BUILT 2-DR STORAGE FREEZER 18432
REFRIGERATOR SILVERKING C587795
NCR CASH REGISTER 21-19421157
NCR CASH REGISTER 21-19421105
SAFE TIDEL TACC-C1 1535
3M INTRACOM D-20 457289
SECURITY SYSTEM
VCR LOCKBOX (SECURITY SYSTEM)
GONDOLAS
METRO STAINLESS SHELVES 11' (DELI AREA)
METRO STAINLESS SHELVES 3' (DELI AREA)
METRO STAINLESS SHELVES 6' (BACKROOM)
METRO STAINLESS SHELVES 6' (BACKROOM)
METRO STAINLESS SHELVES 6' (BACKROOM)
YOGURT COUNTER
2 TABLE BENCH SET 4'
6 TRASH CANs
FIRE EXTINGUISHER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
YOGURT MENU
PAGE 1
<PAGE> 322
LOCATION 6104
102 S. ORLANDO AVE
COCOA BEACH, FL
CANOPY
PARKING LOT POLE LIGHTS
LOGO SIGN
PRICE SIGN
WATER HEATER
5 TON A/C ROOFTOP (5YR COM WARR)
5 TON A/C ROOFTOP (5YR COM WARR)
JENN AIR FAN-RANGE HOOD
SINK, 1-COMPARTMENT, SS
SINK, 3-COMPARTMENT, SS (HAND)
AWNING
OFFICE CHAIR
OFFICE DESK
FILE CABINETS
CALCULATOR
GARDEN HOSE
WALL & DESK PHONES
COMPUTER CONTROLLERS 885309031396
AT&T COMPUTER 3735626XX022081
PRINTER 80KAKM44639
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
GILBARCO MPD (1 & 2) CA007035
GILBARCO MPD (3 & 4) CA007038
PAM UNIT
CURTIS GEMINI BREWER & DRIP TRAY 12890
SERVEND 305764CF
SERVEND 318031CF
MCCANN'S FOUNTAIN KIT
EVERPURE SYSTEM & COARSE FILTER
SMALL CUP DISPENSER RINGS
MANITOWOC C900 ICE MAKER 870923116
MANITOWOC CONDENSER 871398635
CABINET - YOGURT MACHINE
TAYLOR YOGURT MACHINE H7072192
BOTTLE CART
SAVORY HOT DOG GRILL 25003835
HOTDOG FULL SNEEZE GUARD
SAVORY HOT DOG BUN WARMER SW0000267
STOVE, ELECTRIC PEARLESS PREMIUM M0014971
HEAT SEAL WRAPPER 625A
PASTRY CASE
LITTON MICROWAVE 34608
SILVERKING CONDIMENT REFRIGERATOR
HUSSMAN 14-DOOR WALK-IN COOLER 3995
5' X 5'4" WALK IN FREEZER
COLD SANDWICH DELI CASE
MERCHANDISER, ICE STARRETT M450G XA8702352I
NCR CASH REGISTER 21-18903564
NCR CASH REGISTER 21-19421162
SAFE TIDEL TACC II 1539
3M INTRACOM D-20 458343
24 HR LAPSE TIME RECORDER
FIX CAMERA 4.5
FIX CAMERA 4.5
FXD B/W CAMERA IA
VIDEO MONITOR
VIDEO MONITOR
SILENT ALARMS
BAYTECH MULTIPORT 425505
PAGE 2
<PAGE> 323
LOCATION 6104 (cont'd)
120' KENT GONDOLA SHELVING
SHELVING 3' X 4'
YOGURT CABINET (CARPENTISERE WOOD)
TRASH CAN-SMALL WHITE
TRASH CAN-SMALL WHITE
TRASH CAN-SMALL BLACK
TRASH CAN-SMALL BLACK
WINDSHIELD SERVICE CENTER
WINDSHIELD SERVICE CENTER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
CEILING FANS
SCOTT PAPER DISPENSER
SCOTT TOWEL DISPENER
SCOTT TOWEL DISPENSER
SSS HAND DRYER 7223
SCOTT TOWEL DISPENSER
SSS HAND DRYER 724
SCOTT TOILET PAPER DISPENSER
PAGE 3
<PAGE> 324
LOCATION 6109
700 N COCOA BLVD.
COCOA, FL
CANOPY
OUTDOOR LIGHTING
6 X 12 SIGN PACKAGE (MAPCO POLE SIGN)
HIGH RISE S/S SIGN (POLE ONLY)
AWNING
2 BUTTON SIGNS
GASPRICE SIGN PLASTI LINE
EXIT SIGN
BRADFORD WATER HEATER
5 TON A/C (5YR COMPRESSOR WARR) 9303017735
5 TON A/C (5YR COMPRESSOR WARR) 9303012733
EXHAUST FAN (VENT-A-HOOD)
GARDEN HOSE 1
WET FLOOR SIGN 2
MOP BUCKET 1
MOP WRINGER 1
10' WOODEN LADDER 121689
BULLETIN BOARD
STAPLER
3-HOLE PUNCH
TELEPHONE
TELEPHONE
COMPUTER CONTROLLERS 1865803
PANASONIC DOT MATRIX PRINTER 68768
AT&T COMPUTER 68768
10,000 GAL TANKS
10,000 GAL TANKS
10,000 GAL TANKS
10,000 GAL TANKS
MPD CA007037
MPD CA007040
GILBARCO - DIESEL DISPENSER AA017864
CURTIS GEMINI BREWER & DRIP TRAY
SERVEND
SERVEND
MCCANN'S FOUNTAIN KIT
EVERPURE SYSTEM & COARSE FILTER
SMALL CUP DISPENSER RINGS
ICE MAKER 861293740
COLOMBO YOGURT SIGN - NEON
TAYLOR YOGURT MACHINE J0041434
BOTTLE CART 1
FULL SNEEZE GUARD
HOT DOG MACHINE
BAKING OVEN
BAKERY DISPLAY CS. 1
HOTPOINT MICROWAVE M0014930
SILVER KING REFRIGERATOR 266495
6' X 6' WALK IN FREEZER
MASTERBUILT 2-DR UPRIGHT FREEZER 218574
SANDWICH CASE
STARRETT ICE MERCHANDISER
NCR CASH REGISTER 21-19421161
NCR CASH REGISTER 21-19421112
SENSORMATIC RECORDER 24 HR TIME LAP
SENSORMATIC SECURITY CAMERA 4.5
SENSORMATIC SECURITY CAMERA B/W
SENSORMATIC SECURITY MONITOR
SENSORMATIC SWITCH LOOP 4 POSITION
SILENT ALARMS
SENSOR VIDEO CAMERA
PANASONIC VIDEO MONITOR FM7350102
PAGE 4
<PAGE> 325
LOCATION 6109 (cont'd)
METAL WIRE RACK COKE 2
WOODEN SHELVING IN COOLER
YOGURT COUNTER
SMALL WASTE BASKET
SMALL WASTE BASKET
SMALL WASTE BASKET
SMALL WASTE BASKET
SMALL WASTE BASKET
SMALL WASTE BASKET
LARGE WASTE BASKET
TRASH DISPENSER W/TABLE TOP
FIRE EXTINGUISHER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
MENU BOARD FOR YOGURT PROGRAM
CEILING FAN
CEILING FAN
CEILING FAN
SCOTT TOWEL DISPENSERS
SCOTT TOWEL DISPENSERS
ASH TRAY URN
PAM UNIT
BUN WARMER
WALK-IN COOLER W/ DOORS
MEAT SLICER
PAGE 5
<PAGE> 326
LOCATION 6115
6058 SISSON RD
TITUSVILLE, FL
TORO LAWN SPRINKLER
CANOPY
6' X 440' FENCE
SINGLE POLE LIGHT
SINGLE POLE LIGHT
SINGLE POLE LIGHT
HIGH RISE SHELL SIGN
AWNING
BUTTON SIGN
WATER HEATER
TRITON (AIR CONDITIONING) 8970
TRITON COMPRESSOR CT86J01474
TRANE (AIR CONDITIONING) Y31242451
TRANE (AIR CONDITIONING) Y27201645
SINK, 3-COMP, SS
SINK, HAND, SS
GREEN CHECK VENT FAN - RANGE HOOD 85C05524
EXIT SIGN 3
OFFICE CHAIR
OFFICE DESK
FILE CABINET 2 DRAWER
CALCULATOR
5 FT LADDER
MOP SINK
WET FLOOR SIGNS
GARDEN HOSE
MOP BUCKET
MOP WRINGER
BULLETIN BOARD
3-HOLE PUNCH
STAPLER
STAPLER
TAPE DISPENSER
TELEPHONE
TELEPHONE
COMPUTER CONTROLLERS 885307000307
AT&T COMPUTER 91W210011
PRINTER 8KKAKM63981
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
MPD CA006943
MPD OA006946
MPD CA006944
MPD CA006945
CURTIS GEMINI BREWER & DRIP TRAY 13104
MCCANN'S FOUNTAIN KIT
SERVEND 305767CF
SERVEND 305759CF
EVERPURE SYSTEM & COARSE FILTER
DISPENSER, 3-CUP (HOT)
4 CUP DISPENSER (COLD)
MANITOWOC ICE MAKER 851090004
ICE MAKER BIN
COLOMBO YOGURT SIGN - NEON
YOGURT MACHINE J0041438
HOTDOG ROLLER GRILL 25002890
HOTDOG COVER - SNEEZE GUARD
HOTDOG BUN WARMER 2848
STOVE
CHEESE DISPENSER
HEAT SEAL WRAPPER
FLAV-R-FRESH WARMING CABINET - HATCO 16113-8909
PAGE 6
<PAGE> 327
LOCATION 6115 (cont'd)
3-SHELF PASTRY CASE
AMANA MICROWAVE 9204248976
BERKEL SCALE 1 4105
REFRIGERATOR, CONDIMENT - SILVER KING
CONDIMENT SERVER METAL 1
PLATTER RACK W/ TRAYS
TABLE, PREP, SS
TABLE, PREP, SS
TABLE, PREP, SS
ELUND CAN OPENER
POTATO SLICER 1
WALK IN COOLER
WALK IN FREEZER
MASTERBUILT 2-DOOR FREEZER
SILVERKING REFRIGERATOR
DELFIELD/ALCO 1-DR FREEZER
DELI DISPLAY CASE AA199
REFRIG, SALAD, SHORT - EXCELLENCE M0014969
COOLER CONDENSOR WALK IN 65A362736
NCR 21-20527581
NCR 21-19421108
NCR 21-19421158
SAFE 41917
3M INTRACOM D-20 455494
SECURITY SYSTEM
SECURITY SYSTEM
SECURITY CAMERA SCREEN 81202100
16 - 4' GONDOLA SHELVING SECTIONS
SHELVING, WALL MOUNT - PEG
SHELVING, METAL STRG
SHELVING, STORAGE
WIRE RACK FOR COKE 1
SHELVING, WIRE COOLER
WOODEN SHELVING IN COOLER
FOUNTAIN COUNTER
YOGURT COUNTER
BOOTH (4-SEAT)
BOOTH (4-SEAT)
TRASH CAN, SMALL (BLACK)
TRASH CAN, SMALL (BLACK)
SHELL WHITE TRASH BARREL
SHELL WHITE TRASH BARREL
SHELL WHITE TRASH BARREL
SHELL WHITE TRASH BARREL
ISLAND WINDSHIELD WASHER
ISLAND WINDSHIELD WASHER
ISLAND WINDSHIELD WASHER
ISLAND WINDSHIELD WASHER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
DELI MENU BOARD
DELI MENU BOARD
YOGURT MENU
3 - PRICE GUNS
2 - CEILING FANS
4 SHELL WHITE FLOWER PLANTERS
WORLD HAND DRYER 455695
WORLD HAND DRYER 451394
ASH TRAY URN
WALL CLOCK
2 WHEEL HAND CART. 1
PAM UNIT
PAGE 7
<PAGE> 328
LOCATION 6116
1298 S. US HWY 1
ROCKLEDGE, FL
CANOPY
TRASH CONTAINER FENCE
(4) SINGLE LIGHT POLES
SHELL POLE SIGN
AWNING - WEST
WATER HEATER
A/C TRANE Y31242462
A/C TRANE Y31242284
VENT A HOOD GREEN CHECK
SINK
EXIT SIGNS 3
BUTTON SIGNS
OFFICE CHAIR
OFFICE DESK
2 DRAWER FILE CABINET 2
CALCULATOR 682230
WET FLOOR SIGNS 3
MOP SINK
GARDEN HOSE
4FT. WOOD LADDER
MOP BUCKET
MOP WRINGER
6'STEP LADDER
BULLENTIN BOARD
3 HOLE PUNCH
STAPLER
WALL & DESK PHONE
PHONE
COMPUTER CONTROLLERS 90TY22060800
AT&T COMPUTER 91218
PRINTER KXP10801004
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
MPD LPCA006936
MPD KRCA010784
MPD LPCA006941
CURTIS GEMINI BREWER & DRIP TRAY 22910
SERVEND 31-8036CE
SERVEND 905751CF
MCCANN'S FOUNTAIN KIT
EVERPURE SYSTEM AND COARSE FILTER
4 HOLE CUP DISPENSER - COLD
SMALL CUP DISPENSER RINGS - 3 HOLE (HOT)
HOSHIZAKI ICE MAKER
YOGURT MACHINE H6066271
YOGURT SIGNS
COLOMBO YOGURT SIGN - NEON
HOT DOG GRILL - SAVORY
BUN WARMER
FULL COVER SNEEZE GUARD
STOVE
BERKEL SCALE
BERKEL DELI SLICER
YOGURT CONDIMENT TRAY (HAS NO PANS)
SINK-FOR CLEANING CHICKEN
POTATO SLICER
COOLER DOORS (12)
WALK IN COOLER CONDENSER 094503L8S
WALK IN COOLER COMPRESSOR 86C63274
WALK-IN FREEZER
MERCHANDISER, ICE XL547582I
PAGE 8
<PAGE> 329
LOCATION 6116 (cont'd)
REFRIGERATOR, SS KITCHEN 162075
COOLER FAN-WALK IN 094504L85
COOLER FAN-WALK IN 94503185
NCR CASH REGISTER 21-19421154
NCR CASH REGISTER 21-19421114
SAFE 41715
3M INTRACOM D-20 462485
SECURITY SYSTEM
SILENT ALARMS
BAYTECH CONTROLLER 426783
10 - 4' SECTION OF GONDOLA SHELVING
RACK
WALL MOUNT SHELVING OVER SINK
TRASH CONTAINER, SMALL (BLACK)
TRASH CONTAINER, SMALL (BLACK)
WHITE CHELL TRASH CONTAINER
WHITE CHELL TRASH CONTAINER
WHITE CHELL TRASH CONTAINER
WHITE CHELL TRASH CONTAINER
WHITE CHELL TRASH CONTAINER
WHITE CHELL TRASH CONTAINER
LG. S/S TRASH CAN
TRASH CAN, SMALL - INSIDE
WIND SHIELD WASHER UNIT
WIND SHIELD WASHER UNIT
FIRE EXTINGUISHER GA863980
FIRE EXTINGUISHER (LARGE) FM495943
POSTERLOID MENU BOARD-(DELI MENU)
MENU BOARD W/INSERTS AND NUMBERS
CEILING FAN
CEILING FAN
CEILING FAN
2 WHEEL HAND CART
OUTSIDE FLOWER PLANTERS ROUND WHITE
WORLD HAND DRYER 459712
WORLD HAND DRYER 455702
PAM UNIT
PAGE 9
<PAGE> 330
LOCATION 6117
414 LONDON BLVD
COCOA, FL
CANOPY
6' X 280' WOOD FENCE
OUTDOOR LIGHTING ON CANOPY
(5) SINGLE POLE LIGHTS
AWNING (SOUTH)
AWNING (EAST)
BUTTON SIGN ON CANOPY (SHELL)
BUTTON SIGN ON CANOPY (SHELL)
SHELL HIGHRISE SIGN (PRICE SIGN @ ROAD)
SECURITY LIGHTING ON PRICE SIGN
WATER HEATER RUG287B39967
RUDD ROOF A/C 3322G01860006
RUDD ROOF A/C
SINK, SS
JENNAIR ROOF VENT - RANGE HOOD FOR DELI 11560111
EXIT SIGNS 2
CHAIR
OFFICE DESK
2 DRAWER FILE CABINET - BLACK
2 DRAWER FILE CABINET - RED
OFFICE FILE CABINET
CALCULATOR XL1248
MOP BUCKET
MOP WRINGER
WET FLOOR SIGNS 4
BULLENTIN BOARD
STAPLER 3
3 HOLE PUNCH
PHONE 1
COMPUTER CONTROLLERS 90TY48061093
AT&T COMPUTER 3735626XX023916
PRINTER 8EKAKMUZ938
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
MPD JRCA010577
MPD JRCA010603
MPD JRCA010601
MPD JRCA010590
CURTIS GEMINI BREWER & DRIP TRAY 12808
SERVEND 318038CF
MCCANN'S FOUNTAIN KIT
EVERPURE SYSTEM AND COARSE FILTER
MANITOWOC WATER FILTER SYSTEM
SMALL CUP DISPENSER RING-3 CUP HOT CUPS
DISPENSER, 4-CUP COLD CUPS
MANITOWOC ICE MAKER 690821442
YOGURT MACHINE H6121523
COLOMBO YOGURT SIGN - NEON
CHILI PUMPER
BERKEL SCALE 8174419102004
YOGURT CONDIMENT TRAY 1
HOBART SLICER 56858609
PREP TABLE
POTATO SLICER
EDLUND CAN OPENER
4'-9" X 8'-6" WALK IN COOLER
COOLER DOORS (13)
DELI DISPLAY CASE 9571-0300
STAR ICE MERCHANDISER 86K11426
MASTER BILT FREEZER - 2 DOOR
NCR CASH REGISTER 21-18903563
NCR CASH REGISTER 21-18903569
PAGE 10
<PAGE> 331
LOCATION 6117 (cont'd)
SAFE 49445
3M INTERCOM D-20 457363
SECURITY SYSTEM 81314129
SILENT ALARMS
BAYTECH MULTIPORT 445851
20 - 4' GONDOLA SHELVING
SHELVING, SS (DELI)
SHELVING, STORAGE (STORE ROOM)
4 FT WIRE RACK STORAGE SHELF (STORE ROOM)
SHELVING, WALL MOUNTED OVER SINK
S/S 4 SHELF WIRE RACK 6 FT (DELI AREA)
BOOTH
BOOTH
BOOTH
BOOTH
TRASH CAN, INSIDE
TRASH CAN, INSIDE
SHELL WHITE TRASH
SHELL WHITE TRASH
LARGE S/S TRASH RECP
WINDSHIELD SERVICE CENTER
WINDSHIELD SERVICE CENTER
WINDSHIELD SERVICE CENTER
WINDSHIELD SERVICE CENTER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
MENU BOARD W/INSERTS AND NUMBERS (2X8)
MENU BOARD W/INSERTS AND NUMBERS (2X6)
MENU BOARD PANELS
BIN ON WHEELS (OUTSIDE)
SHOPPING CART
HAND TOWEL DISPENSER
HAND TOWEL DISPENSER
CEILING FAN
CEILING FAN
CEILING FAN
CEILING FAN
SHELL FLOWER PLANTER
SHELL FLOWER PLANTER
SHELL FLOWER PLANTER
SHELL FLOWER PLANTER
ASH TRAY URN
ASH TRAY URN
POTTED ARTIFICIAL PLANTS RESTURANT
2 WHEEL HAND CART
PANASONIC CASSETTE RECORDER - VIDEO 611M00315
TV VCR RECORDER (SECURITY SYSTEM - EXTRA)
PAM UNIT
FAX MACHINE
PAGE 11
<PAGE> 332
LOCATION 6118
1210 MALABAR RD, SE
PALM BAY, FL
CANOPY
WOOD FENCE
OUTDOOR LIGHTING
(4) SINGLE LIGHT POLES
AWNING
AWNING
SHELL SIGN
WE HAVE DEISEL (METAL SIGN)
WATER HEATER RUD0480M66024
AC HARDLER TRANE X49236791
COMPRESSOR, A/C 8-9263CN
AC HARDLER TRANE X49236794
COMPRESSOR, A/C 8-9262CN
A/C ROOM UNIT
A/C ROOM UNIT
3 COMPARTMENT S/S
MOP SINK
SHELL SIGN
OFFICE CHAIR
OFFICE DESK
4 DOOR OFFICE FILE CABINET
2 DOOR OFFICE FILE CABINET
CALCULATOR 48016937
AT&T TELEPHONE
AT&T TELEPHONE
COMPUTER CONTROLLERS 88S309031400
BAYTECH 433690
AT&T COMPUTER
CITIZEN PRINTER 91113535
PRINTER 8DKAKM01202
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
GILBARCO MPD ACSA011573
GILBARCO MPD ASCA011584
GILBARCO MPD ASCA011580
GILBARCO MPD ASCA011575
DIESEL DISPENSER
CURTIS GEMINI BREWER & DRIP TRAY 13109
SERVEND 313043CF
MCCANN'S FOUNTAIN KIT
EVERPURE SYSTEM AND COARSE FILTER
SMALL CUP DISPENSER RINGS
ICE-O-MATIC
ICEMAKER BIN 86116C871
YOGURT MACHINE J0041437
SANYO MICROWAVE M0003480
BERKEL SCALES 8171041110188
SERVING STATION & INSERT
TABLE, PREP, SS
PLATTER RACK W/ TRAYS
WALK IN COOLER FRIEDRICH
COOLER DOORS
COOLER CONDENSER JL4029601+701
COOLER COMPRESSOR CTC29104420
9' X 6' WALK IN FREEZER F022969#8
MERCHANDISER, MED TEMP 217802
MERCHANDISER, ICE IE618182I
FREEZER, 4 FT.
FREEZER, UPRIGHT 18432
PAGE 12
<PAGE> 333
LOCATION 6118 (cont'd)
COMPRESSOR, COOLER CTC79104421
COOLER FANS 45L4029601
COOLER FANS 45L4029701
NCR CASH REGISTER 21-19421159
NCR CASH REGISTER 21-19421115
SAFE 34623
3M INTRACOM D-20 458561
SECURITY SYSTEM
SILENT ALARMS
SHELVING, GONDOLA (RETAIL)
SHELVING, STORAGE
COUNTERS
BOOTH, SEATING
BOOTH, SEATING
BOOTH, SEATING
BOOTH, SEATING
BOOTH, SEATING
TRASH CAN, LARGE
TRASH CAN, LARGE
TRASH CAN, LARGE
TRASH CAN, LARGE
TRASH CAN, LARGE
TRASH CAN, SMALL
TRASH CAN, SMALL
TRASH CAN, SMALL
TRASH CAN, SMALL
WINDSHIELD SERVICE CENTER
WINDSHIELD SERVICE CENTER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
FIRE EXTINGUISHER HE471439
MENU BOARDS
MENU BOARDS
FOLDING CHAIR
FOLDING CHAIR
CEILING FAN 2272-003
WHEELED DOLLY
PAGE 13
<PAGE> 334
LOCATION 6120
698 N CORTENAY
MERRITT ISLAND, FL
CYLINDRICAL PLANTER
CYLINDRICAL PLANTER
CYLINDRICAL PLANTER
24 X 82-SIX COLUMN CANOPY
30' POLE
30' POLE
30' POLE
30' POLE
30' POLE
OUTDOOR LIGHTING ON TOP OF CANOPY
SHELL SIGN
BUTTON SIGN
AWNING
RETAIL SERVICE STATION BUILDING
SS SINGLE SINK
3-COMPARTMENT SINK
3X8' D/F READER BOARD/FONT SET
2-DRAWER FILE CABINET XC60794-2
TELEPHONE
TELEPHONE
BAYTECH CONTROLLER 43378
COMPUTER CONTROLLERS 16528
AT&T COMPUTER
PRINTER 8GKAKM44147
10,000 GALLON TANK
10,000 GALLON TANK
6,000 GALLON TANK
MPD III DISPENSER
MPD III DISPENSER
MPD III DISPENSER
PAM UNIT
CURTIS GEMINI-GEM 12 COFFEE MAKER
SERVEND DISPENSER
SERVEND DISPENSER
EVERPURE SYSTEM & COARSE FILTER
ICE-O-MATIC
TAYLOR YOGURT FREEZER J0036233
HOTDOG GRILL 25013578
SNEEZE GUARD
BUN WARMER
NACHO CHIP HOLDER 851087
600 A HEAT SEAL MACHINE
MIRCOWAVE OVEN 12448-15742
LANG OVEN M0014913
LANG OVEN STAND
7' X 3 1/2' SS VENT-A-HOOD M0014933
POTATO WEDGER
BURLINGTON CAN OPENER
ANGLED COOLER/FREEZER 90A00183
WALK-IN COOLER CONDENSER 119467
WALK-IN COOLER CONDENSOR 118987
WALK-IN COOLER CONDENSOR 118602
ISLAND NOVELTY CASE 89B00787
4' SANDWICH CASE 9571-0831
NCR CASH REGISTER 21-18500403
NCR CASH REGISTER 21-19421168
TIDEL TACC II SAFE 63641
(1)INTRACOM,(3)SPKR/MIC,(3)BACKBOX 656631
VIDEO SECURITY SYSTEM 80301294
3 FIX CAMERA 8.5 MI 2802291
SECURITY SYSTEM
PAGE 14
<PAGE> 335
LOCATION 6120 (cont'd)
NOLIN SHELVING - GONDOLA
SLOTWALL BOARD & TRIM
STORAGE SHELVING
SET OF WOOD COUNTERS
YOGURT CART END UNIT
5 X 30 SS TABLE W/SHELF
2 X 30 SS TABLE W/O SHELF (NO LEGS)
5 X 24 SS TABLE W/O SHELF (NO LEGS)
COUNTERS
4-SEATER BOOTH
4-SEATER BOOTH
4-SEATER BOOTH
4-SEATER BOOTH
TELESCOPIC TRASH RECEPTOR
TELESCOPIC TRASH RECEPTOR
TELESCOPIC TRASH RECEPTOR
TELESCOPIC TRASH RECEPTOR
TELESCOPIC TRASH RECEPTOR
TELESCOPIC TRASH RECEPTOR
DOUBLE BUCKET WINDSHIELD CTR
DOUBLE BUCKET WINDSHIELD CTR
DOUBLE BUCKET WINDSHIELD CTR
FIRE EXTINGUISHER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
2 WHEEL DOLLY
PAGE 15
<PAGE> 336
LOCATION 6121
4600 W NEW HAVEN AVE
MELBOURNE, FL
2 LIGHT POLES
1 INTERNALLY LIT PRICE SIGN 3 PRODUCT
1 SHELL HIRISE SIGN & POLES
1 SHELL PECTIN
AWNINGS
SEPTIC TANK
AIR CONDITIONER-ROOF UNIT
AIR CONDITIONER-ROOF UNIT
CARRIER HIGH EFFICIENCY AC UNIT
HEAT PUMP
SINK, 2-COMP, SS
CHAIR
DESK
4 DOOR FILING CABINET
2 DOOR FILING CABINET
CALCULATOR
MOP BUCKET
COMPUTER CONTROLLERS 885309031397
AT&T COMPUTER 5806373
PANASONIC PRINTER TDKAKV24622
6,000 GALLON TANK
4,000 GALLON TANK
4,000 GALLON TANK
4,000 GALLON TANK
4,000 GALLON TANK (NOT IN USE)
SW 2330 MPD DISPENSER 2306131
SW 2330 MPD DISPENSER 2306137
SW 2330 MPD DISPENSER 2306134
SW 2330 MPD DISPENSER 2306139
CURTIS AIR COMPRESSOR 85-28938
CURTIS GEMINI BREWER & DRIP TRAY 22903
SERVEND
MCCANN'S FOUNTAIN KIT
MANITOWOC ICE MAKER
YOGURT MACHINE J0061497
YOGURT SIGNS
STAR HOT DOGGER 25004054
BUN WARMER 2643
WALK IN COOLER W/ 7 ANTHONY DOORS
ICE MERCHANDISER XJ8949745I
FREEZER, 4 FT. M0008050
NCR CASH REGISTER 21-18898069A
TIDEL TACC II SAFE 16276
VIDEO SWITCHER 279325
SENSORMATIC MONITOR 81313207
SENSORMATIC MONITOR 81201930
PANASONIC VCR 279325
BURGULAR SYSTEM
SECURITY SYSTEM-CAMERA
SECURITY SYSTEM-CAMERA
SECURITY SYSTEM-CAMERA
SECURITY SYSTEM-LOCK BOX
SECURITY SYSTEM-MONITOR
MODEM 272402 238027 373557381000173
SHELVING
DUNNAGE RACKS
COOLER RACKS
COUNTER
YOGURT CABINET
2 - FIRE EXTINGUISHERS
CEILING FAN
PAGE 16
<PAGE> 337
LOCATION 6143
2501 ORANGE AVE.
FT. PIERCE, FL
LAND
60' X 48' CANOPY TO SHELL SPEC.
OUTDOOR LIGHTING
AREA LT POLES W/400 WATT
AREA LT POLES W/400 WATT
8' X 30' SHELL HIGH RISE SIGN
30 X 142 SIGN
AWNING
RETAIL SERVICE STATION BUILDING
RUDD A/C UNIT
RUDD A/C UNIT
24" PECTIN ILLUMINATED
24" PECTIN ILLUMINATED
24" PECTIN ILLUMINATED
24" SHELL LOGO ILLUMINATED
24" SHELL LOGO ILLUMINATED
FOOD MART SIGN ILLUMINATED
FOOD MART SIGN ILLUMINATED
CHAIR
2-DRAWER DESK
FILE CABINET
FILE CABINET
TELEPHONE
TELEPHONE
AT&T PERSONAL COMPUTER
COMPUTER CONTROLLER
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
GILBARCO MPD DISPENSER II BA028871
GILBARCO MPD DISPENSER II BA028870
GILBARCO MPD DISPENSER II BA028873
GILBARCO MPD DISPENSER II BA028872
PAM UNITS AND CABLE
CURTIS GEMINI BREWER & DRIP TRAY
SERVEND 14974
MCCANN'S FOUNTAIN KIT
EVERPURE WATER FILTER SYSTEM AND COARSE FILTER
WATER FILTER SYSTEM
SMALL CUP DISPENSER RING
CUP DISPENSER - ROYSTON
LID DISPENSER
MANITOWOC CUBER 940262947
BIN 940221607
REMOTE CONDENSOR 940290248
LINE SET
FILTER
COFFEE/COLD DRINK RETRO FIT MODULE
HOT DOG GRILL 14947
SNEEZE GUARD
BUN WARMER 14972
SANDWICH WRAPPER
BAKERY CASE
MICROWAVE
BERKEL SCALE KFF-51862
PRESSURE FRYER 34321
PRESSURE FRYER
SERVING STATION & INSERT
CONDIMENT DISPENSER
MERCO ALCO 5' HOT CASE
BREADING TABLE 5540
BREADING TABLE 5540
BREADING TABLE 5540
PAGE 17
<PAGE> 338
LOCATION 6143 (cont'd)
WALK-IN COOLER
STORAGE FREEZER (2-DOOR) 14999
DELFIELD SANDWICH COOLER BOTTOM 176750T
SANDWICH CASE 15000
ICE MERCHANDISER-INDOOR 14973
TRUE MFG 2-DOOR FREEZER 14997
EVAP. COILS & CONDENSING UNIT
TEMPERATURE PROTECTOR 18903567
NCR CASH REGISTER 14966
NCR CASH REGISTER 14941
SAFE - TIDEL
ESCO INTERCOM SYSTEM
SECURITY SYSTEM
SILENT ALARMS
SHELVING & RACKS
TRASH CONTAINERS
WINDSHIELD SERVICE CENTER
WINDSHIELD SERVICE CENTER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
LEGENDS 30 CHARACTERS
DELTA EXPRESS MENU BOARD
BAGGER
CLOCK
PAGE 18
<PAGE> 339
LOCATION 6144
1700 S BAYSHORE BLVD
PORT ST LUCIE, FL
CANOPY 24'X48'
OUTDOOR LIGHTING
3-DRIVEWAY LIGHTS
S/F SIGN 3'X12'
S/F SIGN 3'X12'
MAPCO ID SIGN
3-PROD PRICE SIGN
A/C CONDENSING UNIT
METAL DESK
FILE CABINET - 2 DRAWER 14739
FILE CABINET - 2 DRAWER 14754
LADDER 6 FT. 14765
DESK TOP TELEPHONE
AT&T PERSONAL COMPUTER
COMPUTER CONTROLLERS
PRINTER
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
MPD DISPENSER FTBA026229
MPD DISPENSER FTBA026232
PAM UNIT W/ CABLE
ICE DISPENSER
LID DISPENSERS
WATER FILTER
TWO CUP DISPENSER
TWO CUP DISPENSER
ICE MAKER
COLOMBO YOGURT SIGN
YOGURT MACHINE H903012
COKE MACHINE-COUNTER-TOP
STAR HOT DOG GRILL
BAKING OVEN
SOUP KETTLE
CHILI DISPENER
SERVING STATION & INSERT
WALK-IN COOLER
WALK-IN COOLER
2-DOOR FREEZER
2-DOOR FREEZER
STARRETT ICE MERCHANDISER
NCR CASH REGISTER 18903568
SAFE - TIDEL
SECURITY SYSTEM
SILENT ALARMS
SHELVING (WIRE & KENT)
WOODEN SLATS & SHELVING
COUNTERS
WINDSHIELD SERVICE CENTER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
3-COMPARTMENT SS SINK
CLOCK
HAND TRUCK
PAGE 19
<PAGE> 340
LOCATION 6145
2200 SE WALTEN RD
PORT ST LUCIE, FL
48'X60' CANOPY W/12 400 WATT METAL
2 - 400 WATT AREA LIGHTS & POLES
1 SHELL ID SIGN W/3 PRODUCT
PRICE SIGN.
6X6 MAPCO SIGN
AT&T PERSONAL COMPUTER
COMPUTER CONTROLLER
PRINTER
10,000 GALLON TANK 47607
10,000 GALLON TANK 47574
10,000 GALLON TANK 47594
MPD DISPENSER 14733
MPD DISPENSER 14735
MPD DISPENSER 14737
MPD DISPENSER 14738
PAM UNITS AND CABLE
GEMINI SYSTEM COFFEE MAKER 14753
FOUNTAIN SERVICE 7609
CUP DISPENSER
LID DISPENSER
ICE MAKER 7623
COLOMBO YOGURT SIGN
YOGURT MACHINE H902313
BUN WARMER 14784
OVEN
WRAPPER
MICROWAVE OVEN 14777
PRESSURE FRYER 14798
CONDIMENT TRAYS
CONDIMENT
SANDWICH PREP,SLICER,TABLE,HOOD 0014742,0014796
PAN RACK, OIL FILTER SYSTEM, TABLE
WALK-IN COOLER
UPRIGHT FREEZER 14723
DELI CASE PENNACLE 14722
NCR CASH REGISTER 18898075
SAFE - TIDEL
CCTV SECURITY SYSTEM 14757
SECURITY SYSTEM
SILENT ALARMS
SHELVING - KENT
FREEZER PALETTES & COOLER SHELVES
CABINET
DINING BOOTH
FIRE EXTINGUISHER
MENU BOARD
SHOP.CART
HAND TRUCK
CLOCK
PAGE 20
<PAGE> 341
LOCATION 6148
5001 S FEDERAL HWY
FT. PIERCE, FL
CANOPY
OUTDOOR LIGHTING
AWNING
10X 10 SIGN
SINKS
OFICE CHAIR
OFFICE DESK
CALCULATOR 212171
TELEPHONE
TELEPHONE
COMPUTER CONTROLLERS
AT&T COMPUTER
PRINTER
12,000 GALLON TANK
12,000 GALLON TANK
12,000 GALLON TANK
12,000 GALLON TANK
MPD DISPENSER
MPD DISPENSER
MPD DISPENSER
MPD DISPENSER
MPD DISPENSER
MPD DISPENSER
HI-LINE DIESEL
HI-LINE DIESEL
CURTIS GEMINI BREWER & DRIP TRAY
SERVEND M0014771
MCCANN'S FOUNTAIN KIT
EVERPURE SYSTEM AND COARSE FILTER
SMALL CUP DISPENSER RING
MANITOWOC ICE MACHINE
YOGURT MACHINE M0014755
COFFEE/COLD DRINK RETRO-FIT MODUAL
HOTDOG GRILL 25000211
HOTDOG SNEEZE GUARD
FULL SNEEZE GUARD FOR BUN WARMER
WRAPPER, HEAT SEAL
3-TIER PASTRY CASE
SCALE 8171411122901
SERVING STATION & INSERT
SLICER BERKEL 827 9151011138606
STAINLESS STEEL TABLES
6' X 5' WALK IN FREEZER 14747
COOLER DOORS (12) 142098
MERCHANDISER, MED TEMP 0.112956509249249703
MERCHANDISER, LOW TEMP 14960
MERCHANDISER, ICE 14910
COOLER COMPRESSOR 68531
COOLER COMPRESSOR 68530
NCR CASH REGISTER 14949
NCR CASH REGISTER 14948
TACC II SAFE 24734
INTERCOM SYSTEM
SECURITY SYSTEM
SILENT ALARMS
BAYTECH MULTIPORT 428718
DISPLAY GONDOLAS
SHELVING, GONDOLA
STORAGE SHELVING
WALL SHELVING
TRASH CANS, SMALL
TRASH CANS, LARGE
TRASH CANS, SMALL
TRASH CANS, LARGE
PAGE 21
<PAGE> 342
LOCATION 6148 (cont'd)
WINDSHIELD SERVICE CENTER
WINDSHIELD SERVICE CENTER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
YOGURT MENU
MENU PHOTO PANEL
MENU BOARDS W/ LETTERS
CEILING FANS
PAGE 22
<PAGE> 343
LOCATION 6149
471 SW PT ST LUCIE
PT ST LUCIE, FL
CANOPY
OUTDOOR LIGHTING
10 X 10 SIGN
80 GALLON HOT WATER HEATER
SINK, S.S.
HAND SINK
OFFICE CHAIR
OFFICE DESK
OFFICE FILE CABINET
OFFICE FILE CABINET
OFFICE FILE CABINET
CALCULATOR 13381
LADDER, 6' METAL
MOP SINK
TELEPHONE
COMPUTER CONTROLLERS
AT&T COMPUTER
PRINTER
12,000 STEEL TANK
12,000 STEEL TANK
12,000 STEEL TANK
12,000 STEEL TANK
MPD DISPENSER
MPD DISPENSER
MPD DISPENSER
MPD DISPENSER
SINGLE HOSE DISPENSER
SINGLE HOSE DISPENSER
CURTIS GEMINI BREWER & DRIP TRAY
SERVEND
MCCANN'S FOUNTAIN KIT
EVERPURE SYSTEM AND COARSE FILTER
SMALL CUP DISPENSER RINGS
DISPENSER, 4-CUP
DISPENSER, 2-CUP
ICE-O-MATIC
YOGURT MACHINE 033927E288
COFFEE & DRINK MODULE
HOTDOG GRILL 25002953
STAR BUN WARMER
DUNCAN DONUT DISPLAY CASE
SCALE 8171411100377
TABLE, S.S.
6' X 7' WALK IN FREEZER
ANTHONY 12-DOOR WALK-IN COOLER
MERCHANDISER, LOW TEMP 129159
DELI CASE, OPEN 9571-C383
ICE MERCHANDISER
NCR CASH REGISTER
SAFE 24737
3M INTERCOM SYSTEM
SECURITY SYSTEM
SILENT ALARMS
SHELVING
YOGURT COUNTER
UNIVERSAL NOLIN GONDOLA (BEIGE)
LARGE TRASH CAN
LARGE TRASH CAN
LARGE TRASH CAN
LARGE TRASH CAN
LARGE TRASH CAN
LARGE TRASH CAN
PAGE 23
<PAGE> 344
LOCATION 6149 (cont'd)
SMALL TRASH CAN
SMALL TRASH CAN
SMALL TRASH CAN
SMALL TRASH CAN
WINDSHIELD SERVICE CENTER
WINDSHIELD SERVICE CENTER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
YOGURT MENU
MENU PHOTO BOARD
DOLLY, PLASTIC
PAGE 24
<PAGE> 345
LOCATION 6150
3981 LAKE WORTH ROAD
LAKE WORTH, FL
CANOPY
OUTDOOR LIGHTING
2 POLE LIGHT
10X 10 SIGN
AIR CONDITIONER
AIR CONDITIONER
SINKS
DESK WOOD
OFFICE DESK
2 DRAWER FILE CABINET
CALCULATOR 396146
CALCULATOR 11781
DESK TOP TELEPHONE
BAYTECH CONTROLLER 524
COMPUTER CONTROLLERS 742
AT&T COMPUTER 5809850
CITIZEN CC PRINTER 91113534
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
GILBARCO PUMP (7&8)
GILBARCO PUMP (9&10)
GILBARCO PUMP (1&2)
GILBARCO PUMP (3&4)
GILBARCO PUMP (5&6)
PAM UNITS AND CABLE
CURTIS GEMINI BREWER & DRIP TRAY
SERVEND 3191520F
MCCANN'S FOUNTAIN KIT
EVERPURE FILTERS
CUP DISPENSER
SMALL CUP DISPENSER RING
ICE-O-MATIC
ICE-O-MATIC CUBER
ICE-O-MATIC REMOTE CONDENSOR
ICE-O-MATIC STORAGE BIN
E-Z BAGGER
COFFEE/COLD DRINK RETRO-FIT MODUAL
HOTDOG GRILL 25001013
HOTDOG SNEEZE GUARD
HOTDOG BUN WARMER
SERVING STATION & INSERT
9 DOOR COOLER 123N08
MERCHANDISER MED. TEMP 163890
MERCHANDISER, LOW TEMP 168415
STARRETT ICE MERCHANDISER M0007110
UNDER COUNTER REFRIG M0007124
SAFE 35249
SAFE
3M EGUIPMENT INTERCOM 452361
SECURITY SYSTEM
SILENT ALARMS
GONDOLA SHELVING
STORAGE SHELVING
TRASH CANS, INSIDE
TRASH CANS, OUTSIDE
AMEREX FIRE EXTINGUISHER 390543
MAGLINER 2-WHEELER 3997182
2 - WINDSHIELD BUCKETS
NCR CASH REGISTER 21-19421110
NCR CASH REGISTER 21-16499854
HOT WATER HEATER
PAGE 25
<PAGE> 346
LOCATION 6151
2500 FORREST HILL
WEST PALM BEACH, FL
CANOPY
LIGHT POLES 4
10X10 SIGN PACKAGE
NIGHT & DAY HOT WATER HEATER 373518
AIR COND
AIR COND. REED 1737M14813110
SINKS
FILE CABINETS
TELEPHONE
CALCULATOR
CALCULATOR
COMPUTER CONTROLLERS C920482359
BAYTEC
AT&T COMPUTER 3735626XX004230
PRINTER 0007282
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
12,000 GALLON TANK
GILBARCO PUMP #4 CA005211
GILBARCO PUMP #5 CA005201
GILBARCO MPD DISPENSER FPCA005213
GILBARCO MPD DISPENSER CA011560
GILBARCO MPD DISPENSER RP00077
(1) PAM UNIT W/CABLE
CURTIS GEMINI BREWER & DRIP TRAY
SERVEND 318050CF
MCCANN'S FOUNTAIN KIT 305817CF
EVERPURE SYSTEM AND COARSE FILTER
CUP DISPENSER 4CUP 2
CUP DISPENSER
SMALL CUP DISPENSER RINGS
ICE-O-MATIC
TAYLOR YOGURT MACHINE J0061494
HOTDOG GRILL 2500385
FULL SNEEZE GUARD
HOTDOG BUN WARMER
SERVING STATION & INSERT
COOLER DOORS
MERCHANDISER - MED TEMP 151733
MERCHANDISER - MED TEMP 156454
WALK-IN COOLER M007297
HUSSMANN SANDWICH CASE 89D02427
ICE MERCHANDISER XI437821
FREEZER 207537AX
NCR CASH REGISTER 21-19421159
NCR CASH REGISTER 21-19421111
SAFE 26295
INTERCOM 456258
SECURITY SYSTEM
SILENT ALARMS
GONDOLA SHELVING
STORAGE SHELVING
YOGURT COUNTER
5 - TRASH CANS, LARGE
FIRE EXTINGUISHER
YOGURT MENU
CEILING FANS
WINDSHIELD BUCKET
WINDSHIELD BUCKET
WINDSHIELD BUCKET
ARTIC STAR - ICE BARRELL
PAGE 26
<PAGE> 347
LOCATION 6154
1149 45 ST
WEST PALM BEACH, FL
CANOPY - 2
OUTDOOR LIGHTING
POLE LIGHTS - 2
OUTSIDE ILLUMINATED SIGN - ROAD SIGN
10X 10 SIGN
BUTTON SIGN
BUTTON SIGN
HOT WATER HEATER C88126245
4 TON A/C COMPRESSOR UNIT
AIR COND. GE 266932U46
AIR COND. GE 266930U46
SINKS
CHAIR
OFFICE DESK
OFFICE FILE CABINET
CALCULATOR TEXAS INS, D0490
TELEPHONE
TELEPHONE
COMPUTER CONTROLLERS 885309006126
BAYTEC
AT&T COMPUTER 3735626XX011270
PRINTER
6,000 GALLON TANK
6,000 GALLON TANK
6,000 GALLON TANK
4,000 GALLON TANK
10,000 GALLON TANK
HI-LINE DIESEL DISPENER CR009C
MPD DISPENSER CA011558
MPD DISPENSER CA011559
MPD DISPENSER CA011596
MPD DISPENSER CA011597
GILBARCO PAM UNIT
CURTIS GEMINI BREWER & DRIP TRAY 12899
SERVEND 905761 CF
MCCANN'S FOUNTAIN KIT
CRATHCO DISPENSER
EVERPURE SYSTEM AND COARSE FILTER
DISPENSER, CUP
SMALL CUP DISPENSER RINGS
HASHIZAKI REMOTE CUBER C00158
HASHIZAKI REMOTE CONDENSOR C10210
HASHIZAKI STORAGE BIN C10157
20' LINE KIT
HOT DOG GRILL 25003947
FULL COVER SNEEZE GUARD
HOTDOG BUN WARMER 0001847
SERVING STATION & INSERT
COOLER, WALKIN 67909
COOLER DOORS
MERCHANDISER, ICE XH02569-2-1
COOLER COMP. 2554
NCR CASH REGISTER 21-18499775
NCR CASH REGISTER 21-1942116
TIDEL 42399
3M INTERCOM 457631
3M INTERCOM 457362
SECURITY SYSTEM
SILENT ALARMS
GONDOLA SHELVING
SHELVING, COOLER STORAGE
SNACK/FTN COUNTER
PAGE 27
<PAGE> 348
LOCATION 6154 (cont'd)
GARBAGE CAN - LARGE (OUTSIDE)
GARBAGE CAN - LARGE (OUTSIDE)
GARBAGE CAN - LARGE (OUTSIDE)
GARBAGE CAN - LARGE (OUTSIDE)
GARBAGE CAN - LARGE (OUTSIDE)
GARBAGE CAN - LARGE (OUTSIDE)
GARBAGE CAN - SMALL (INSIDE)
GARBAGE CAN - SMALL (INSIDE)
GARBAGE CAN - SMALL (INSIDE)
FIRE EXTINGUISHER FB-023428
DAYTON 2-WHEELER 3W153A
WINDSHIELD BUCKET
WINDSHIELD BUCKET
WINDSHIELD BUCKET
WINDSHIELD BUCKET
ARTIC STAR - ICE BARRELL
PAGE 28
<PAGE> 349
LOCATION 6156
1733 S CONGRESS AVE
WEST PALM BEACH, FL
CANOPY
6' X 12' WOOD FENCE
OUTDOOR LIGHTING
(3) SINGLE LIGHT POLES
10 X 10 SIGN
10 X 10 SIGN
6 X 6 SIGN
6 X 6 SIGN
SECURITY LIGHTING
WATER HEATER R0886C00628
AIR CONDITIONER Y46100302
AIR CONDITIONER 47100456
SINKS
OFFICE CHAIR 11775
OFFICE DESK
OFFICE FILE CABINET
TELEPHONE
TELEPHONE
COMPUTER CONTROLLERS 91W201009631
BAYTEC
AT&T COMPUTER 3735626XX023555
PRINTER 8KKAKM634947
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
PAM UNIT
CURTIS GEMINI BREWER & DRIP TRAY 13119
SERVEND 319153GF,305820CF
MCCANN'S FOUNTAIN KIT
EVERPURE SYSTEM AND COARSE FILTER
SMALL CUP DISPENSER RING
ICE MAKER 870121301
YOGURT MACHINE H8012452
COFFEE/COLD DRINK MODUAL
HOTDOG ROLLER GRILL 25004295
HOTDOG SNEEZE GUARD
HOTDOG BUN WARMER 2500385
HOTPOINT MICROWAVE DT991651S
COOLER DOORS
MERCHANDISER, LOW TEMP 17517
MERCHANDISER, ICE XH63504ST
WALK-IN COMPRESSER TRI TON 9019
NCR REGISTER 21-19421173
NCR REGISTER 21-19421128
SAFE 45216
3M INTERCOM
3M INTERCOM
SECURITY SYSTEM
SILENT ALARMS
SHELVING, GONDOLA
SHELVING, STORAGE
LARGE TRASH CAN
LARGE TRASH CAN
LARGE TRASH CAN
LARGE TRASH CAN
LARGE TRASH CAN
SMALL TRASH CAN
SMALL TRASH CAN
FIRE EXTINGUISHER 403462
FIRE EXTINGUISHER FW148963
FIRE EXTINGUISHER 145733
FIRE EXTINGUISHER FW149006
FIRE EXTINGUISHER 942098
PAGE 29
<PAGE> 350
LOCATION 6156 (cont'd)
CEILING FAN
CEILING FAN
HAND CART (2 WHEEL)
WINDSHIELD BUCKET
WINDSHIELD BUCKET
WINDSHIELD BUCKET
ARTIC STAR - ICE BARRELL
PAGE 30
<PAGE> 351
LOCATION 6157
A-104 N US 1
TEQUEST, FL
CANOPY
OUTDOOR LIGHTING
4 POLE LIGHTS
SHELL HI-RISE SIGN
WATER HEATER -RUUD 1284B08119
TRANE 5 TON A/C
TRANE 5 TON A/C
SINKS
SHELL BUTTONS 12" X 12"
SHELL BUTTONS 12" X 12"
SHELL BUTTONS 12" X 12"
OFFICE CHIAR
OFFICE DESK
OFFICE FILE CABINET
CALCULATOR 8488493
CALCULATOR
LADDER, 6FT
TELEPHONE
TELEPHONE
COMPUTER CONTROLLERS
BAYTEC 426787
AT&T COMPUTER
PRINTER
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
HI-LINE DIESEL DISPENSER AA00567
MPD DISPENSER CA003227
MPD DISPENSER CA003266
MPD DISPENSER CA003228
PAM UNIT EA062467
CURTIS GEMINI BREWER & DRIP TRAY
SERVEND 5307
MCCANN'S FOUNTAIN KIT
STORAGE SHELVING
EVERPURE SYSTEM AND COARSE FILTER
SMALL CUPO DISPENSER RINGS
ICE MAKER 840662865
TAYLOR YOGURT MACHINE
COLOMBO YOGURT SIGN
COFFEE/COLD DRINK RETRO-FIT MODUAL
BOTTLE CART
STAR HOT DOG GRILL 25001012
HOTDOG BUN WARMER 25001002
FULL SNEEZE GUARD FOR BUN WARMER
HEAT SEAL WRAPPER
MICROWAVE LR977605
SCALE
REFRIGERATOR, CONDIMENT 227810
SLICER 9151011136115
PLATTER RACK W/ TRAYS
TABLES
6' X 5' WALK IN FREEZER M0006161
COOLER DOORS
COOLER, WALKIN
MERCHANDISER, LOW TEMP
DELI CASE 9571-0130
MERCHANDISER, ICE XJ-44417-2-I
FREEZER IN KITCHEN
PAGE 31
<PAGE> 352
LOCATION 6157 (cont'd)
COMPRESSOR, COOLER 84687791027
COMPRESSOR, COOLER 65534551
NCR CASH REGISTER
NCR CASH REGISTER
SAFE 36931
3-M INTERCOM SYSTEM 0006162
SECURITY SYSTEM
SILENT ALARMS
UNIVERSAL NOLIN GONDOLA (BEIGE)
SMALL TRASH CAN
SMALL TRASH CAN
SMALL TRASH CAN
SMALL TRASH CAN
LARGE TRASH CAN
LARGE TRASH CAN
LARGE TRASH CAN
LARGE TRASH CAN
LARGE TRASH CAN
LARGE TRASH CAN
LARGE TRASH CAN
LARGE TRASH CAN
FIRE EXTINGUISHER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
MENU BOARD
CEILING FAN
CEILING FAN
FAX 0014175
ARTIC STAR - DRINK BARRELL
WINDSHIELD BUCKET
WINDSHIELD BUCKET
WINDSHIELD BUCKET
PAGE 32
<PAGE> 353
LOCATION 6158
3585 SW MAPP RD
PALM CITY, FL
CANOPY
OUTDOOR LIGHTING
MAPCO SIGN
1 SHELL SIGN 4' X 8'
WATER HEATER M0276-52815
3 TON AIR CONDITIONER
OFFICE CHAIR
OFFICE DESK
CALCULATOR
CALCULATOR
6 FT LADDER
TELEPHONE
TELEPHONE
COMPUTER CONTROLLERS
BAYTEC 425495
AT&T COMPUTER
PRINTER
PAM UNIT MEA132300EA
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
MPD DISPENSER CWBA044898
MPD DISPENSER CWBA044897
CURTIS GEMINI BREWER & DRIP TRAY
COFFEE MODULES
SERVEND
MCCANN'S FOUNTAIN KIT
EVERPURE SYSTEM AND COARSE FILTER
SMALL CUP DISPENSER RING
CUP, MODULAR
ICE MAKER
EVERPURE FILTER & COARSE FILTER
HOT DOG GRILL
HOT DOG WARMER
SERVING STATION & INSERT
COOLER DOORS
NCR CASH REGISTER 21-1942113
NCR CASH REGISTER 21-18898074
SAFE 36651
INTERCOM 25017
SILENT KNIGHT SECURITY SYSTEM 00014763
GONDOLA
GONDOLA SHELVING (RETAIL)
STORAGE SHELVING
POST MIX COUNTER
TRASHCANS, LARGE
TRASH CANS, SMALL
WINDSHIELD SERVICE CENTER
WINDSHIELD SERVICE CENTER
FIRE EXTINGUISHER 76D4011285
CEILING FANS
3 COMPARTMENT SINK
PAGE 33
<PAGE> 354
LOCATION 6159
1805 SW KANNER HWY
STUART, FL
CANOPY
MAPCO BUILDING SIGN
SHELL PRICE SIGN
WATER HEATER 1181M93699
COMPRESSOR, A/C
COMPRESSOR, A/C
CONDENSER B19202070
SECURITY SHUTTERS
SINKS
SHELL READER BOARD
OFFICE DESK
OFFICE FILE CABINET
CALCULATOR
CALCULATOR
LADDER, 6FT
TIME CLOCK 2254L
TIME CARD RACK
TELEPHONE
COMPUTER CONTROLLERS
AT&T COMPUTER
BAYTEC 426776
PRINTER
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
SINGLE DISPENSER #1 101859
SINGLE DISPENSER #2 101857
SINGLE DISPENSER #3 101860
SINGLE DISPENSER #4 101858
CURTIS GEMINI BREWER & DRIP TRAY
SERVEND
MCCANN'S FOUNTAIN KIT
ICE TEA DISPENSER
EVERPURE SYSTEM AND COARSE FILTER
SMALL CUP DISPENSER RING
CUP DISPENSER
MANITOWOC CUBER 940361841
BIN 940320635
CONDENSOR 940190193
LINE SET
FILTER
TAYLOR YOGURT MACHINE
COLOMBO YOGURT SIGN
HOTDOG ROLLER GRILL 45002523
FULL COVER SNEEZE GUARD FOR HOTDOG
HOTDOG BUN WARMER 0006241
CHILI EQUIPMENT 8812010345
SERVING STATION & INSERT
NACHO EQUIPMENT 844
CHEESE PUMP
WALKIN COOLER
COOLER DOORS (14)
MERCHANDISER, LOW TEMP
MERCHANDISER - DELI M0014825
FREEZER,DOUBLE DOOR MASTERBUILT T 0006124
FREEZER IN KITCHEN 0007188
NCR CASH REGISTER 21-19421107
NCR CASH REGISTER 21-19421165
SAFE 36629
INTERCOM
ALARM SYSTEM
PAGE 34
<PAGE> 355
LOCATION 6159 (cont'd)
GONDOLA (RETAIL) SHELVING
4' WALL SHELVING UNDER WINDOWS
WOOD STORAGE SHELVING
YOGURT COUNTER
TRASH CAN - INSIDE
TRASH CAN - INSIDE
TRASH CAN - INSIDE
TRASH CAN - OUTSIDE
TRASH CAN - OUTSIDE
TRASH CAN - OUTSIDE
TRASH CAN - OUTSIDE
TRASH CAN - OUTSIDE
WINDSHIELD SERVICE CENTER
WINDSHIELD SERVICE CENTER
YOGURT MENU
SHOPPING CART
ARTIC STAR - ICE BARREL
PAGE 35
<PAGE> 356
LOCATION 6160
3093 HWY 93 N
OKEECHOBEE, FL
CANOPY
30' POLE/FIXTURE/BRACKET
(2) DUAL & (2) SINGLE LIGHT POLES
OUTDOOR LIGHTING
10X 10 SIGN
WATER SYSTEM
3TON RUUD/COPELAND CMPRSOR (1YR W) TM31911623
RUUD 5 TON CONDENSOR UEAB2010
5 TON CONDENSOR & AIR HANDLER
OFFICE CHAIR
OFFICE DESK
OFFICE FILE CABINET
CALCULATOR 618473
CALCULATOR
TELEPHONE
TELEPHONE
COMPUTER CONTROLLER
AT&T COMPUTER 01439933
BAYTEC 448543
PRINTER 761AK3621
PAM UNIT FTLA063949
12,000 GALLON TANK
12,000 GALLON TANK
12,000 GALLON TANK
10,000 GALLON TANK
MPD DISPENSER
MPD DISPENSER
MPD DISPENSER
MPD DISPENSER
DIESEL MASTER ULTRA HIGH
DIESEL SATELLITE
GILBARCO DIESEL UNIT CR002C
CURTIS GEMINI BREWER & DRIP TRAY
COFFEE MODULES
SERVEND
MCCANN'S FOUNTAIN KIT
FOUNTAIN MODULES
EVERPURE SYSTEM AND COARSE FILTER
SMALL CUP DISPENSER RING
CUP DISPENSERS 2 & 4
TAYLOR YOGURT MACHINE
HOT DOG ROLLER 250021
HOT DOG ROLLER GRILL
HOT DOG BUN WARMER 0005258
STOVE, ELECTRIC
HEAT SEAL WRAPPER
PASTRY CASE
MICROWAVE LR9775895
SCALE 817141110167
SERVING STATION & INSERT
REFRIGERATOR, CONDIMENT 225496
WINSTON HOT FOOD MERCHANDISER M0014985
NACHO EQUIPMENT
NACHO SERVER
CHILI PUMP
BREADER 4156
FILTER 302
FRYER 34322
SINK W/WORK TABLE
FRYER 25476
FOOD GRINDER
SLICER 915101111388
TABLE, PREP
PAGE 36
<PAGE> 357
LOCATION 6160 (cont'd)
COOLER DOORS
12 ANTHONY DOORS
COOLER, DOUBLE DOOR 132063
MERCHANDISER, MED TEMP
FREEZER, COFFIN
DELI DISPLAY CASE 127414
ICE MACHINE - MANITOWOC 90126446S
FREEZER, KITCHEN, SS
MIDTEMP COOLER 142232
NCR CASH REGISTER 21-19421106
NCR CASH REGISTER 21-19421156
SAFE 17451
INTERCOM SYSTEM
SILENT ALARMS
SECURITY SYSTEM
SHELVING, GONDOLA
WIRE STORAGE SHELVING
YOGURT COUNTER
45' WOOD COUNTER
7 FULL/1 HALF DINING BOOTHS
TRASH CANS, INSIDE
TRASH CANS, OUTSIDE
FIRE EXTINGUISHER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
YOGURT MENU
MENU BOARDS
SHOPPING CART
CEILING FANS
WINDSHIELD BUCKET
WINDSHIELD BUCKET
ICE MERCHANDISER
ICE MERCHANDISER
2 WHEELER
HOT WATER HEATER
HOT WATER HEATER
PAGE 37
<PAGE> 358
LOCATION 6162
9280 W. INDIANTOWN RD
JUPITER, FL
CANOPY
MOLDING S&S SIGN
HOT WATER HEATER AO SMITH MJ880139446810
TRANE AIR CONDITIONING UNIT C25104803
AIR CONDITIONING UNIT C24180637
AIR CONDITIONING UNIT
SINK 3 COMP.
HAND SINK
SHELL SIGN 4' X 8'
2X8 S&S SIGN
SHELL BUILDING SIGN
4X8 PRICE PANEL
4X8 FANCY F. CHICK.
2-DRAWER FILE CABINET
DESK TOP CALCULATOR 20391B
MOP SINK
DESK TOP & WALL MOUNT PHONES
(POS) ATT 386 5X/EL COMPUTER 898611044436
COMPUTER CONTROLLERS 501007413
AT&T COMPUTER 5809182
POS PRINTER 91113531
POS PRINTER 9036641
PRINTER P10801-008
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
MPD DISPENSER FTBA026231
MPD DISPENSER FTBA026230
MPD DISPENSER M0018001
MPD DISPENSER GTBA027454
CURTIS GEMINI BREWER & DRIP TRAY 12939
JET SPRAY 8040
ICE DISPENSER 79046
SERVEND 305765CF,305766CF
WATER SOFTENER
SMALL CUP DISPENSER RINGS
(2) LID DISPENSERS
YOGURT MACHINE J0061495
YOGURT SIGNS
COLOMBO YOGURT SIGN
COFFEE & DRINK MODUALS
HOTDOG GRILL 25009773
BUNN WARMER STAR 0005255
OVEN 0006449
HOT WRAPPER
DONUT CASE
AMANA MICROWAVE 8809044622
BERKER SCALE GGF52763
CONDIMENT DISPENSERS 0006441
CONDIMENT REFRIG. 345755
CHICKEN FRYER 28310
BREADER 5369
CHICKEN FRYER 27340
CHICKEN WARMER 13668
CHICKEN HOLDING WARMER 13665
SLICER
COOLER DOORS 14 0006439
FREEZER DOOR 3 0006440
ICE CREAM MERCHANDISER 90G05050-412
DELI CASE 95710677
ICE MERCHANDISER IJ 14590-2-I
DELI FREEZER WI 05915
UPRIGHT FREEZER 228644
PAGE 38
<PAGE> 359
LOCATION 6162 (cont'd)
COOLER COMP BG107933545
FREEZER COMP 8B107933545
COOLER COMP A8107937659
DELI VENTILATOR PVC FMX61477
SQUARE SHELF POST
POS CASH DRAWER/KEYBOARD/POLE 1253069
TIDEL TACC II SAFE 24734
SECURITY SYSTEM
SILENT ALARMS
SHELVING
YOGURT COUNTER
COUNTERS
TRASH CONTAINERS
FIRE EXTINGUISHER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
2 MENUBOARDS
24' ILLUMINATED PECTENS
MENU PANELS
PAGE 39
<PAGE> 360
LOCATION 6170
9020 95TH STREET
SEBASTIAN, FL
6' X 180' WOOD FENCE
(5) MERCURY VAPOR LIGHTS
POLE SIGN AND GRADE
RUDD HOT WATER HEATER RU039180850
CHLORINATOR 35122
WATER PUMP 73951
RUUD SPLIT SYSTEM B4235
COMPRESSOR, BLDG A/C 2568M17847266
SECURITY SHUTTERS
3-COMPARTMENT SINK
OFFICE CHAIR
OFFICE DESK
OFFICE FILE CABINET
SAFE, FLOOR 0003302
CALCULATOR 4805-798X
COMPUTER CONTROLLERS 405748401
AT&T COMPUTER 01439904
PRINTER AGJKAKM51541
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
DUAL DISPENERS
DUAL DISPENERS
GEMINI COFFEE BREWER/INSTALLATION
CURTIS COFFEE BREWER 13125
ICE DISPENSER
BOOTH 5-HEAD DRINK DISPENSER 5346
WATER FILTER
DISPENSER, CUP
ICE MAKER N000824
HOT DOG GRILL W/SNEEZE GUARD 0014743
STAR BUN WARMER 3002150
WALK IN COOLER 8H91031081
COOLER BLOWERS
COOLER, WALKIN
COOLER BLOWERS JL4027601
COMPRESSOR, COOLER 453788941
COOLER DOORS
COOLER DOOR, METAL
ICE MERCHANDISER (STARRETT) M700CV
NCR REGISTER 21-18495495
SAFE 20279
INTERCOM 1E4B
BOGEN INTERCOM 1E4B
GONDOLA SHELVING (MERCHANDISING)
GONDOLA SHELVING, 4' WALL
SHELVING, METAL STORAGE
WALL MOUNT SHELVING
INDOOR TRASH CAN
INDOOR TRASH CAN
INDOOR TRASH CAN
OUTDOOR TRASH CAN
OUTDOOR TRASH CAN
FIRE EXTINGUISHER
SCOTT TOWEL DISPENSER
SCOTT TOWEL DISPENSER
WINDSHIELD SVC CENTER
SCOTT TOWEL DISPENSER
HAND TRUCK
PAGE 40
<PAGE> 361
LOCATION 6177
2490 PGA BLVD.
PALM BEACH GARDEN, FL
SPRINKLER SYSTEM
(2) 16' X 60' CANOPIES
DUMPSTER FENCE
OUTDOOR LIGHTING
3 POLE LIGHTS
LOGO SIGN
QUICK FLIP GAS PRICE SIGN
QUICK FLIP GAS PRICE SIGN
HOT WATER HEATER 1078M53553
COMPRESSOR, A/C 344251T20
AIR CONDITIONER D10292472
SINKS
OFFICE CHAIR
OFFICE CHAIR
OFFICE DESK
OFFICE FILE CABINET
OFFICE FILE CABINET
HAYMAN SAFE 0006200
TELEPHONE
TELEPHONE
COMPUTER CONTROLLERS 925331001475
AT&T COMPUTER 3735626XX015449
PRINTER 86KAKM44849
BAYTEC 450457
12,000 GALLON TANK
6,000 GALLON TANK
6,000 GALLON TANK
6,000 GALLON TANK
6,000 GALLON TANK
SINGLE DISPENSER JLL07160
DUAL DISPENSER (9 & 10) GK93212
DUAL DISPENSER (3 & 4) GK93214
MPD DISPENSER JUBA040321
MPD DISPENSER CWBA044895
MPD DISPENSER JUBA040311
MPD DISPENSER CWBA044896
MPD DISPENSER JUBA040312
MPD DISPENSER JUBA040310
PAM UNIT CTEA081907
CURTIS GEMINI BREWER & DRIP TRAY
GEMINI BURNER 1493-3
SERVEND
MCCANN'S FOUNTAIN KIT
CUP DISPENSER
MANITOWOC CUBER 940361844
BIN 940320634
CONDENSOR 940290265
LINE SET
FILTER
TAYLOR YOGURT MACHINE J0061498
HOTDOG ROLLER GRILL 45007152
FULL COVER SNEEZE GUARD FOR HOTDOG
HOTDOG BUN WARMER 0001212
SERVING STATION & INSERT
2 PLEXI CONDIMENT HOLDERS
COOLER DOORS
MERCHANDISER, MED TEMP 165488
MERCHANDISER, MED TEMP 127338
MERCHANDIER, LOW TEMP 163949
MERCHANDISER, ICE 88H11705
COMPRESSOR, COOLER 463709
NCR REGISTER 21-18495492
NCR REGISTER 21-19421171
PAGE 41
<PAGE> 362
LOCATION 6177 (cont'd)
TACC 2 M0006185
SECURITY SYSTEM
SILENT ALARMS
GONDOLA (RETAIL) SHELVING
4' SHELF
GONDOLA
COUNTERS
TRASH CAN OUTSIDE
TRASH CAN OUTSIDE
TRASH CAN OUTSIDE
TRASH CAN OUTSIDE
TRASH CAN OUTSIDE
TRASH CAN OUTSIDE
TRASH CAN OUTSIDE
TRASH CAN INSIDE
TRASH CAN INSIDE
TRASH CAN INSIDE
TRASH CANS, SMALL
FIRE EXTINGUISHER
FIRE EXTINGUISHER
CEILING FAN
CEILING FAN
SHOPPING CART
13" TV-VCR
BUTTON SIGN
BUTTON SIGN
WINDSHIELD BUCKET
WINDSHIELD BUCKET
WINDSHIELD BUCKET
WINDSHIELD BUCKET
ARTIC STAR - ICE BARREL
HOT WATER HEATER
PAGE 42
<PAGE> 363
LOCATION 6209
US 441 NORTH & DOUBLE
LAKE CITY, FL
1-CANOPY
INTERNALLY LIT OUTDOOR SIGNAGE (PRICE SIGN/HIGH RISE)
COMPRESSOR, A/C B24115690
COMPRESSOR, HEAT PUMP B24185414
OFFICE CHAIR
METAL DESK
OFFICE TABLE
OFFICE FILE CABINET M0014853
OFFICE FILE CABINET
CALCULATOR 003-04
1-CLARKE FLOOR BUFFER M0014823
AT&T COMPUTER
PRINTER
COMPUTER CONTROLLER
6,000 GALLON TANK
4,000 GALLON TANK
4,000 GALLON TANK
4,000 GALLON TANK
MPD DISPENSER
MPD DISPENSER
HI-LINE DIESEL DISPENSER
PAM UNIT
COFFEE MAKER 155242
DISPENSER, ICE - REMCOR 065463
DISPENSER, DRINK 3366
CUP DISPENSER - COLD
ICE MAKER 880123710
HOTDOG ROLLER GRILL 25001173
FULL SNEEZE GUARD
HOTDOG BUN WARMER 0002595
STAINLESS STEEL TABLES
CHICKEN WARMER
HEAVY DUTY CAN OPENER
COOLER, WALKIN LR27365
COOLER DOORS
MASTERBUILT REFRIGERATOR M0007271
SANDWICH MERCHANDISER - HUSSMAN 9571-0371
MERCHANDISER, ICE (2-DOOR) M007262
REFRIGERATOR, SMALL - SILVERKING 15851257
CONDENSER 880299052
COOLER COMPRESSOR 87E0635
COOLER COMPRESSOR 87107573283
SAFE M0014881
INTRACOM 458968
21 - 4' SECTIONS GONDOLA SHELVING
BOOTH
BOOTH
BOOTH
TRASH CAN - LARGE
TRASH CAN - LARGE
TRASH CAN - SMALL
TRASH CAN - SMALL
CEILING FAN
CEILING FAN
CEILING FAN
FAX MACHINE
NCR CASH REGISTER 21-18898026
NCR CASH REGISTER 21-18495510
NCR CASH REGISTER 21-18499769
SENSORMATIC SECURITY SYSTEM
POTATO WEDGER
PAGE 43
<PAGE> 364
LOCATION 6210
705 N TEMPLE
STARKE, FL
36' X 54' CANOPY
OUTSIDE LIGHTING
INTERNALLY LIT OUTSIDE SIGNAGE
WATER HEATER, 10 GAL M0006795
COMPRESSOR, A/C
SINK, 2-COMP, SS
3-COMPARTMENT SINK
OFFICE CHAIR
2 DRAWER FILE CABINET
2 DRAWER FILE CABINET
CALCULATOR
4' LADDER
6' LADDER
COMPUTER CONTROLLERS 89TY49090133
AT&T COMPUTER
PANASONIC PRINTER M0006791
4,000 GALLON TANK
4,000 GALLON TANK
2,000 GALLON TANK
2,000 GALLON TANK
DUAL DISPENSER JL107987
DUAL DISPENSER CR0070
DUAL DISPENSER JL107550
DUAL DISPENSER AK98388
DUAL DISPENSER MJ96519
DUAL DISPENSER CK83137
DISPENSER, ICE - REMCOR M0006799
HOTPOINT MICROWAVE M0006785
COOLER DOORS 1125N08
COOLER, WALKIN DKA5117,DKH5119
KELVINATOR SANDWICH CASE
NCR CASH REGISTER 21-17124933
SAFE 42444
SHELVING, GONDOLA
SHELVING, STORAGE
SMALL CABINET - FOUNTAIN AREA
TRASH CAN - LARGE
TRASH CAN - LARGE
TRASH CAN - LARGE
TRASH CAN - LARGE
TRASH CAN - SMALL
TRASH CAN - SMALL
WINDSHIELD SERVICE CENTER
WINDSHIELD SERVICE CENTER
FIRE EXTINGUISHER
PAM UNIT
5 HEAD FOUNTAIN MACHINE
COFFEE MACHINE
SILENT ALARM SYSTEM
PAGE 44
<PAGE> 365
LOCATION 6211
834 W MADISON
STARKE, FL
1-CANOPY
(2) SINGLE POLE LIGHTS ON EACH SIDE OF BLDG
MAPCO SIGN
WATER HEATER E77554877
A/C UNIT, CENTRAL
SINK, SS 3-COMP
OFFICE CHAIR
OFFICE FILE CABINET
OFFICE FILE CABINET
LADDER, 4FT
LADDER, 8FT
BAYTECH CONTROLLER 39675
COMPUTER CONTROLLER
PANASONIC PRINTER 7CKAKE89209
AT&T COMPUTER
8,200 GALLON TANK
8,200 GALLON TANK
10,000 GALLON TANK
DUAL DISPENSER KR043C
DUAL DISPENSER
DUAL DISPENSER KR042C
DUAL DISPENSER KR041C
COFFEE MAKER 734447
COFFEE MAKER
5-HEAD FOUNTAIN DISPENSER 5333
DISPENSER, ICE - REMCOR 040298
DISPENSER, CUP (3-CUP)
DISPENSER, CUP (4-CUP)
HOTDOG GRILL 25003390
STARR BUN WARMER 0001259
COOLER WALK- IN 8 DOORS RRA-180A
COOLER DOORS 8 323NO8
COOLER, 2-DOOR LOW TEMP - MASTERBILT 340251
SANDWICH MERCHANDISER 9571-0455
ICE MERCHANDISER XO-60716-5-1
FREEZER, 2-DOOR M247021
NCR CASH REGISTER 21-18499891
SAFE 42130
SQUIRE SECURITY SYSTEM - SILENT ALARM
SHELVING, GONDOLA
SHELVING, WALL
TRASH CAN - LARGE
TRASH CAN - LARGE
TRASH CAN - LARGE
TRASH CAN - SMALL
WINDSHIELD SERVICE CENTER
WINDSHIELD SERVICE CENTER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
CART, GROCERY
REFRIGERATOR, SMALL - SILVERKING
PAM UNIT
FLOOR BUFFER
FAN
FAN
FAN
FAN
PAGE 45
<PAGE> 366
LOCATION 6401
402 MAGNOLIA AVE
AUBURNDALE, FL
CANOPY / THREE ISLAND
AREA LIGHTING
4' X 8' THREE PRODUCT PRICE SIGN
3-PRODUCT SIGN
8' X 8' PECTIN SIGN W/ 30' POLES
FONT SET
PUMP TOPPER/ISLAND P.O.S. SIGN PKG
ISLAND KIOSK / 200 SQ FT
AT&T COMPUTER
PRINTER
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
MPD DISPENSER JUBA040318
MPD DISPENSER JUBA040317
MPD DISPENSER JUBA040328
MPD DISPENSER CWBA044996
PAM UNIT M0014858
PAM CABLE
NCR CASH REGISTER 21-18495471
TIDEL TACC II SAFE 64388
COUNTERS/DESK M0014816,M0014815
PAGE 46
<PAGE> 367
LOCATION 6403
550 W 540A
LAKELAND, FL
CANOPY / THREE ISLAND
AREA LIGHTING
2' X 2' CUSTOM CEDAR CUPOLA PECTEN
2' X 2' CUSTOM CEDAR CUPOLA PECTEN
3' X 3' PECTIN SIGN
3' X 6' CUSTOM CEDAR PECTIN SIGN
3' X 6' THREE PRODUCT PRICE SIGN
FONT SET
PUMP TOPPER/ISLAND P.O.S. SIGN PKG
ISLAND MARKETER / 98 SQ FT
COLEMAN AIR CONDITIONER
CALCULATOR
AT&T PROCESSOR
MONITOR FOR PC 886210062370
COMPUTER CONTROLLER
COMPUTER PRINTER
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
8,000 GALLON TANK
MPD DISPENSER BA044974
MPD DISPENSER BA049363
MPD DISPENSER
MPD DISPENSER
PAM UNIT
NCR CASH REGISTER
TIDEL TACC II SAFE
TWO TIER SAFE
INTERCOM SYSTEM(W/3 MIKE/SPEAKERS) 040084190114
COUNTERS / DESK
FIRE EXTINGUISHER
FIRE EXTINGUISHER
PAGE 47
<PAGE> 368
LOCATION 6404
2190 EAST 540A
LAKELAND, FL
FLAGPOLE / 60'
4' X 8' TWO PRODUCT PRICE SIGN
8' X 8' PECTIN SIGN
FONT SET
PUMP TOPPER/ISLAND P.O.S. SIGN PKG
SINK - FIBERGLASS M0014807
SINK - THREE TUB M0014806
LIGHTING-SECURITY
DESK M0014802
FILE CABINET - 2 DRAWER M0014803
FAX MACHINE 81100029
8,000 GALLON TANK
8,000 GALLON TANK
8,000 GALLON TANK
6 HOSE / 3 PRODUCT DISPENSER 015-333A-06988
6 HOSE / 3 PRODUCT DISPENSER 015-333A-06987
6 HOSE / 3 PRODUCT DISPENSER 015-333A-06989
6 HOSE / 3 PRODUCT DISPENSER 015-333A-06986
AIR/WATER DISPENSER-STAINLESS STEEL M0014801
WILBUR CURTIS GEMINI 200R 234
WILBUR CURTIS GEMINI 200R
DRINK/ICE DISPENSER 501422
FLOJET FOUNTAIN PUMP 89198658
FLOWJET FOUNTAIN PUMP 91334780
FLOJET FOUNTAIN PUMP 89208787
FOUNTAIN PUMP-THREE BANK 04377
ICE MAKER 389839
ICE MAKER
TAYLOR YOGURT MAKER
COFFEE/DRINK MODUAL
HOT DOG GRILL
BUN WARMER 87-6-262
STAR BUN WARMER
SANDWICH WRAPPER M0014804
GE MIRCOWAVE TS928979S
SCALE - DIGITAL 8171411101647
HOT DOG CONDIMENT STATION/INSERT M0014900
AUTO SLICER DE916101112617
WALK-IN COOLER WI-01269
DELI COOLER 85HO7972-205
DELI FREEZER 85IO8270-133
ICE MERCHANDISER 85H08605
CASH REGISTER 21-17119807
CASH REGISTER 21-17119806
TIDEL TACC II SAFE 64144
TWO TIER SAFE 06677
INTERCOM SYSTEM(W/2 MIKE/SPEAKERS) 25010
SECURITY SYSTEM
GONDOLAS / SHELVING (DISPLAY)
STORAGE SHELVING
HAND TRUCK - 2 WHEEL M0014849
TABLE - 10' STAINLESS STEEL M0014805
FAX MACHINE
FIRE EXTINGUISHER
PAGE 48
<PAGE> 369
LOCATION 6405
2225 S COMBEE RD
LAKELAND, FL
FLAGPOLE / 60'
CANOPY / 3 ISLAND SHELL SILVERADO
AREA LIGHTING
4' X 8' 3 PRODUCT PRICE SIGN
4' X 8' READER BOARD
8' X 8' PECTIN SIGN W/2 30'POLES
FONT SET
PUMP TOPPER/ISLAND P.O.S. SIGN PKG
OFFICE CHAIR
2-DRAWER FILE CABINET
CALCULATOR
CALCULATOR
FAN, OFFICE CEILING 60341099
CEILING FAN
CEILING FAN
CEILING FAN
AT&T COMPUTER CONTROLLER 1797025
AT&T COMPUTER 405004783
BAYTECH CONTROLLER 450541
PANASONIC PRINTER 11KARQ63951
8,000 GALLON TANK
8,000 GALLON TANK
8,000 GALLON TANK
8,000 GALLON TANK
6 HOSE / 3 PRODUCT DISPENSER 18-426-12561
6 HOSE / 3 PRODUCT DISPENSER 18-426-12563
6 HOSE / 3 PRODUCT DISPENSER 18-426-12560
6 HOSE / 3 PRODUCT DISPENSER 18-426-12562
8 HOSE / 4 PRODUCT DISPENSER 18-628-12568
8 HOSE / 4 PRODUCT DISPENSER 18-628-12569
AIR/WATER DISPENSER-STAINLESS STEEL 11-87
GEMINI COFFEE MACHINE/INST/DRIPTRAY
COLD DRINK DISPENSER(W/ICE MAKER) 501311BD
ICE DISPENSER 076910
3 BANK DISPENSER 06380
ICED TEA BREWER 15562
ICE MAKER 460355G
YOGURT MACHINE H6094310
COFFEE DRINK MODUAL
STAR HOT DOGGER 25001173
WYOTT BUN WARMER 87-6-150
PASTRY CASE
HOT DOG CONDIMENT STATION/INSERT
TABLE, SS PREP
WALK-IN COOLER WI05053
ICE MERCHANDISER 88B01143
DELI FREEZER 1228561
DELI COOLER 88C01283034
DELI REFRIGERATOR TABLE D880311041
CASH REGISTER 21-18506283
CASH REGISTER 21-18506282
TIDEL TACC II SAFE 64361
TWO TIER SAFE 88000287
INTERCOM (BASE & 6 SPEAKER MIKES) 126-8K-9-99754
SECURITY SYSTEM (MONITOR SWITCH) 108347K
SECURITY SYSTEM (VCR) 71006348
SECURITY SYSTEM (VIDEO SCREEN) KD8110790
SECURITY SYSTEM - 35MM
GONDOLAS & SHELVING-DISPLAY (VARS)
SHELVING-STORAGE (VARS)
2-WHEEL HAND TRUCK
PAGE 49
<PAGE> 370
LOCATION 6405 (cont'd)
3-BAY SINK (STAINLESS STEEL)
4' TABLE (STAINLESS STEEL)
6' TABLE (STAINLESS STEEL)
DESK
FLOOR SINK (FIBERGLASS)
SCOTT TISSUE PAPER ROLLER
FIRE EXTINGUISHER
TUB PLANTER
TUB PLANTER
TUB PLANTER
TUB PLANTER
TUB PLANTER
TUB PLANTER
TUB PLANTER
TUB PLANTER
SCOTT TOWEL DISPENSER
SCOTT TOWEL DISPENSER
SCOTT TOWEL DISPENSER
SCOTT TISSUE PAPER ROLLER
HOT DOG CONDIMENT STATION/INSERT "IN STORAGE"
PAGE 50
<PAGE> 371
LOCATION 6406
4620 CLEVELAND HTS BLVD
LAKELAND, FL
CANOPY / 2 ISLAND (CEDAR)
AREA LIGHTING
3' X 3' PECTIN SIGN (COMPOSITE)
3' X 6' 3-PRODUCT PRICE SIGN
FONT SET
ISLAND KIOSK / 72 SQ FT
AT&T PC6300 COMPUTER 010-328
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
MPD DISPENSER CWVA044972
MPD DISPENSER CWVA044978
MPD DISPENSER CWVA044986
PAM UNIT
NCR REGISTER 21-18499831
TIDEL TACC II SAFE 64386
OCTAGON GARBAGE CAN
OCTAGON GARBAGE CAN
WINDSHIELD WASHER
WINDSHIELD WASHER
FIRE EXTINGUISHER
CEILING FAN 104135
GARDEN HOSE
PAGE 51
<PAGE> 372
LOCATION 6408
1920 HARDEN BLVD
LAKELAND, FL
FLAGPOLE / 60'
CANOPY / 2 ISLAND (TILE/CEDAR BEAM)
AREA LIGHTING
3' X 6' 3-PRODUCT PRICE SIGN
3' X 6' READER BOARD
6' X 6' PECTIN SIGN
FONT SET
ISLAND MARKETER / 656 SQ FT
CANON CALCULATOR
AT&T COMPUTER 3735626XX02592
AT&T CONTROLLER 0472005
PANASONIC PRINTER 9FKAR092447
4,000 GALLON TANK
6,000 GALLON TANK
6,000 GALLON TANK
6,000 GALLON TANK
6,000 GALLON TANK
2 HOSE - 1 PRODUCT DISPENSER 034-162-92820
2 HOSE - 1 PRODUCT DISPENSER 024-162-91001
2 HOSE - 1 PRODUCT DISPENSER 034-162-92828
2 HOSE - 1 PRODUCT DISPENSER 024-162-91023
2 HOSE - 1 PRODUCT DISPENSER 034-162-92067
2 HOSE - 1 PRODUCT DISPENSER 074-162-95867
2 HOSE - 1 PRODUCT DISPENSER 074-162-95895
2 HOSE - 1 PRODUCT DISPENSER 034-162-92772
ROC CASH REGISTER/CONSOLE/PRINTER
COFFEE MAKER 56965
DISPENSER ICE REMCOR
6-DISP. SODA MACHINE
3-CUP DISPENSER
4-CUP DISPENSER
WALK-IN COOLER(4-DOOR W/COMPRESSOR)
NCR CASH REGISTER 21-171-24928
TIDEL TACC II SAFE 64140
PAGE 52
<PAGE> 373
LOCATION 6411
6655 SOCRUM LOOP RD
LAKELAND, FL
FLAGPOLE / 60' (W/FLAG)
3' X 6' 3-PRODUCT PRICE SIGN
6' X 6' PECTIN SIGN
FONT SET
PUMP TOPPER/ISLAND P.O.S. SIGN PKG
TX INSTRUMENTS CALCULATOR 286431
AT&T COMPUTER 084493
PANASONIC PRINTER M0014808
8,000 GALLON TANK
8,000 GALLON TANK
8,000 GALLON TANK
6 HOSE / 3 PRODUCT DISPENSER 057-426-10591
6 HOSE / 3 PRODUCT DISPENSER 057-426-10593
6 HOSE / 3 PRODUCT DISPENSER 057-426-10593
6 HOSE / 3 PRODUCT DISPENSER 057-426-10592
GEMINI COFFEEMACHINE/INSTAL/DRIPTRA
ICE DISPENSER 076917
ICE MAKER M0014810
TAYLOR YOGURT M0014820
HOT DOGGER 87-6-185
HOT DOG ROLLER - STAR
BUN WARMER 87-6-164
CHILI WARMER M0014812
GOLDSTAR MICROWAVE M0014859
WALK-IN COOLER (13-DOOR) 713W14
DELI CASE 87H06996-034
ICE MERCHANDISER 87G07739
DELI FREEZER 224150
DELI COOLER 223954
YOGURT MACHINE
CASH REGISTER 21-18499877
CASH REGISTER 21-19421129
CASH REGISTER
TIDEL TACC II SAFE 63909
SECURITY SYSTEM
GONDOLAS & SHELVING (VARIOUS)
STORAGE SHELVING (VARIOUS)
CHAIR
CHAIR
DESK
FAX MACHINE 81100030
FILE CABINET / 2-DRAWER M0014898
HAND TRUCK (2-WHEEL)
SINK - 3 BAY/STAINLESS STEEL M0014850
TABLE - 4' STAINLESS STEEL M0014880
TABLE - 6' STAINLESS STEEL M0014813
SANDWICH WRAPPER "IN STORAGE"
YOGURT MACHINE "IN STORAGE"
4 DRAWER FILE CABINET "IN STORAGE"
HOT DOGGER "IN STORAGE"
PAGE 53
<PAGE> 374
LOCATION 6412
5869 US HWY 98 N
LAKELAND, FL
FLAGPOLE - 60'
CANOPY - 3 ISLAND / HEXAGONAL
AREA LIGHTING
2' X 8' AUTO DIESIL SIGN
4' X 8' 2-PRODUCT PRICE SIGN
4' X 8' READER BOARD
8' X 8' PECTIN SIGN W/2 45'POLES
PUMP TOPPER/ISLAND P.O.S. SIGN PKG
FONT SET
6' OPEN 24 HR SIGN
CAR WASH/RESTROOMS/STORAGE BLDG
ISLAND KIOSK - 72 SQ FT
AT&T COMPUTER 029755,0487012
PRINTER M0014865
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
MPD DISPENSER
MPD DISPENSER
MPD DISPENSER
MPD DISPENSER
MPD DISPENSER
PAM UNIT MOO14818
AIR/WATER DISPENSER-STAINLESS STEEL M0014847
AIR/WATER UNIT (W/O COMPRESSOR)
NCR REGISTER 21-18499791
TIDEL TACC II SAFE 64015
TWO TIER SAFE 14864
INTERCOM SYS (INCL 3 SPEAKER/MIKES) 04008 348 0104
2) YOGURT CABINETS
CAR WASH EQUIPMENT
HEAT SEAL WRAPPER "IN STORAGE"
YOGURT CABINET "IN STORAGE"
TOLEDO SCALE "IN STORAGE"
BERKEL MEAT SCALE "IN STORAGE"
AUTO SLICER "IN STORAGE"
BERKEL SLICER "IN STORAGE"
SCALE DIGITAL "IN STORAGE"
PAGE 54
<PAGE> 375
LOCATION 6413
3005 HWY 540 W
WINTER HAVEN, FL
FLAGPOLE - 60' W/FLAG
CANOPY - 2 ISLAND/TILE & CEDAR BEAM
AREA LIGHTING
8' X 16' CUSTOM READER BOARD
8' X 8' PECTIN SIGN W/2 30' POLES
FONT SET
PUMP TOPPER/ISLAND P.O.S. SIGN PKG
ISLAND MARKETER - 560 SQ FT
1-2 DRAWER FIREPROOF LEGAL FILE CBN
SHARP CALCULATOR
AT&T COMPUTER 886209053056
PRINTER
BAYTEC
10,000 GALLON TANK
10,000 GALLON TANK
10,000 GALLON TANK
MPD DISPENSER CWBA 044985
MPD DISPENSER CWBA 044985
WALK-IN COOLER (4-DOOR) M0014894
CASH REGISTER 21-18912273
TIDEL TACC II SAFE 64147
TWO TIER SAFE
INTERCOM SYS (INCL 1 SPEAKER/MIKE) 232385
COUNTERS/DESK/6' GONDOLA M0014895
PAGE 55
<PAGE> 376
LOCATION 6414
1502 RECKER HIGHWAY
WINTER HAVEN, FL
FLAGPOLE - 60' W/FLAG
4' X 8' 3-PRODUCT PRICE SIGN
8' X 8' PECTIN SIGN W/2 30' POLES
FONT SET
PUMP TOPPER/ISLAND P.O.S. SIGN PKG
RUDD HOT WATER HEATER RU0888005233
DESK CHAIR W/ROLLERS
WOODEN OFFICE DESK
4 DRAWER OFFICE FILE CABINET
2-DRAWER FILE CABINET
CALCULATOR
CALCULATOR
10FT LADDER
MOP WRINGER/BUCKET
TELEPHONE
TELEPHONE
AT&T COMPUTER 031864
PANASONIC PRINTER AKY15112
MPD
MPD
MPD
MPD
8,000 GALLON TANK
8,000 GALLON TANK
8,000 GALLON TANK
GRINDMASTER COFFEE GRINDER
SERVEND SINGLE DRINK DISPENSER
REMCOR TJ45 ICE DISPENSER 0082239
4-CUP DISPENSER
CUP DISPENSER
KOLD DRAFT ICE MAKER
YOGURT MACHINE H8012450
AMF HOT DOGGER/SNEEZE GUARD 88-9
CHEFMATE CHILI DISPENSER
SERVER ELECT. CHILI/CHEESE DISP.
SCHMIDT 3 X 4 GLASS PASTRY CASE
SAMSUNG MICROWAVE
13-DOOR WALK IN COOLER
MASTERBILT WALK-IN COOLER 236903
MASTERBILT WALK-IN FREEZER 231066
HUSSMAN UPRIGHT FREEZER 88J08709-323
MACARTHUR/TGLEE ICE CREAM CHEST
NCR REGISTER 21-17118201
NCR REGISTER 21-18500412
TIDEL TACC II SAFE 64149
TWO TIER SAFE
35MM SECURITY SYSTEM
SECURITY SYSTEM
SHELVING, GONDOLA
2 METAL SHELVING 3'
METAL SHELVING 18'
DINING BOOTH
DINING BOOTH
DINING BOOTH
DINING BOOTH
WHITE TRASH CANS 30-50 W/ROLLERS
WYOTT BREAD WARMER "IN STORAGE"
STAINLESS STEEL SERVER "IN STORAGE"
CONDIMENT DISPENSER "IN STORAGE"
PASTRY CASE "IN STORAGE"
6' DELI CASE "IN STORAGE"
PAGE 56
<PAGE> 377
LOCATION 6414
ICE CREAM MERCHANDISER "IN STORAGE"
PASTRY CASE "IN STORAGE"
ICE CREAM MERCHANDISER "IN STORAGE"
ICE CREAM MERCHANDISER "IN STORAGE"
JET SPRAY - 3 COMPARTMENT "IN STORAGE"
VACUUM "IN STORAGE"
VACUUM "IN STORAGE"
DELI REFRIGERATOR TABLE "IN STORAGE"
BUN WARMER "IN STORAGE"
ICE CREAM MERCHANDISER "IN STORAGE"
PAGE 57
<PAGE> 378
LOCATION 1008
I-81 BAILEYTOWN RD
GREENEVILLE, TN
CANOPY
QUICK FLIP GAS SIGN
CRAIG NEON SIGNAGE
BUILDING
SECURITY SYSTEM - 4 CAMERAS/1MONITOR/1 RECORDER
SWIVEL CHAIR
WOODEN DESK
METAL DESK
CALCULATOR
CALCULATOR
TELEPHONE
TELEPHONE
TELEPHONE
INTRACOM
AT&T COMPUTER
PC FOR FUEL READING POS-TRUCKSTOP
DOT MATRIX PRINTER
UNDERGROUND STORAGE TANK
UNDERGROUND STORAGE TANK
UNDERGROUND STORAGE TANK
UNDERGROUND STORAGE TANK
UNDERGROUND STORAGE TANK
UNDERGROUND STORAGE TANK
UNDERGROUND STORAGE TANK
GILBARCO MPD
GILBARCO MPD
DIESEL MASTER
DIESEL MASTER
DIESEL MASTER
DIESEL MASTER
DIESEL MASTER
DIESEL MASTER
DIESEL SLAVE
DIESEL SLAVE
DIESEL SLAVE
DIESEL SLAVE
DIESEL SLAVE
DIESEL SLAVE
PAM UNIT
BUNN COFFEE MAKER
SERVEND FAST FLO CARBONATOR
PUMP COKE KIT
PUMP COKE KIT
SERVEND ICE/BEVERAGE DISPENER
SERVEND REGULATOR
JET SPRAY
EVERPURE FILTER PACK
LARGE CUP DISPENSER
LID DISPENSER-COLD DRINKS
MANITOWOC TUBING KIT
MANITOWOC CONDENSOR
MANITOWOC CUBER
MANITOWOC STORAGE BIN
E-Z BAGGER
YOGURT MACHINE
YOGURT CABINETS
CONE DISPENSER
HOT DOG GRILL
SNEEZE GUARD
HOT DOG BUN WARMER
WINSTON FOOD MERCHANDISER OVEN
CONVECTION OVEN
GREENERY KIT
PAGE 58
<PAGE> 379
LOCATION 1008 (cont'd)
HEAT SEAL WRAPPER
FLAV-R-SAVOR
DONUT DISPLAY CASE
AMANA MICROWAVE
PORTION SCALE
SS TABLE 30" X 3'
SS TABLE 30" X 6'
CUTTING BOARD
ANTHONY WALKIN COOLER SHELVES
LEER WALKIN COOLER
BACKROOM FREEZER
NOLIN DELI CASE
M-60 LEER OUTDOOR MERCHANDISER
STAINLESS STEEL REFRIGERATOR
NCR CASH REGISTER
NCR CASH REGISTER
NCR CASH REGISTER
TIDEL SAFE
INTERCOM
GONDOLA SHELVING
WALL SHELVING
CHECKOUT COUNTERS
FAST FOOD COUNTERS
HOT FOOD COUNTERS
GEMARA BOOTH
GEMARA BOOTH
GEMARA BOOTH
GEMARA BOOTH
GEMARA BOOTH
GEMARA BOOTH
TRASH CONTAINER
TRASH CONTAINER
TRASH CONTAINER
TRASH CONTAINER
INTERIOR TRASH CONTAINERS
WINDSHIELD SERVICE CENTER
WINDSHIELD SERVICE CENTER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
FIRE EXTINGUISHER
3-COMPARTMENT METAL SINK
66 GALLON HOT WATER HEATER
110 GALLON HOT WATER HEATER
COLD MERCHANDISER
PAGE 59
<PAGE> 380
LOCATION 6407
2100 WEST MEMEORIAL BLVD
LAKELAND, FL
TWO ISLAND CANOPY
TRIPOD FOR SIGN
3' X 6' 2-PRODUCT PRICE SIGN
FOUR SERVICE BAY
PAGE 60
<PAGE> 381
VEHICLES
1990 Chevy Lumina
1989 Aero Star Van
1989 Caprice
1989 Caprice
1989 Caprice
1989 Caprice
1989 Chevy Caprice
1989 Chevy Caprice
1986 Toyota Corrolla
<PAGE> 382
EXHIBIT 1.33
STATION LIABILITIES AND CONTRACTS
REAL PROPERTY CONTRACTS
1008 GREENEVILLE, TN
LEASE AGREEMENT dated April 25, 1978, between T. Ralph Tunnell
and Vena Ruth Tunnell (collectively, as Lessor) and Gasoline Marketers
Inc. predecessor prior to merger with Earth Resources Company, now
known as MAPCO PETROLEUM Inc. (Lessee) and recorded in the Greene
County Register's Office, Tennessee, at Book 14 at Page 903.
FIRST AMENDMENT TO LEASE AGREEMENT dated November 30, 1993,
between MAPCO PETROLEUM Inc. (Lessee) and T. Ralph Tunnell and Vena
Tunnell (collectively, Lessor) and recorded in the Greene County
Register's Office, Tennessee, at Book 51 Page 222.
6102 MERRITT ISLAND, FL
LEASE AGREEMENT dated December 1, 1986, between B. W.
Simpkins, Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee
of "F.A. Sheriff Trust" (said trusts jointly as Lessor) and Simpkins &
Sheriff Enterprises, Inc. (Lessee).
FIRST AMENDMENT TO LEASE AGREEMENT dated February 1, 1989,
between B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A.
Sheriff, Trustee of "F.A. Sheriff Trust" (said jointly as Lessor) and
Simpkins & Sheriff Enterprises, Inc. (Lessee).
6104 COCOA BEACH, FL
INDENTURE OF LEASE AGREEMENT WITH ADDENDUM dated November 1,
1986, between B.W. Simpkins, Trustee (Lessor) and B.W. Simpkins Oil,
Inc. (Lessee), recorded in the Public Records of Brevard County, FL at
Book 2748 at Page 259.
ADDENDUM TO LEASE dated March 4, 1987, between B.W. Simpkins,
Trustee (Lessor) and B.W. Simpkins Oil, Inc. (Lessee).
FIRST AMENDMENT TO LEASE AGREEMENT dated February 1, 1989,
between B.W. Simpkins, Trustee (Lessor) and Simpkins & Sheriff
Enterprises, Inc. (Lessee).
MEMORANDUM OF LEASE dated April 14, 1989, between B.W.
Simpkins, Trustee of "B.W. Simpkins Trust" (Lessor) and Simpkins and
Sheriff Enterprises, Inc. (Lessee).
6109 COCOA, FL
LEASE AGREEMENT dated January 1, 1985, between B.W. Simpkins,
Trustee of "B.W. Simpkins Trust" as tenants in common with Janet
Simpkins Fletcher, as Trustee, and Jill Simpkins Hunter, as Trustee
(collectively as Lessor) and B.W. Simpkins Oil, Inc. (Lessee).
ADDENDUM TO LEASE dated January 1, 1985, between B.W.
Simpkins, Trustee of "B.W. Simpkins Trust" as tenants in common with
Janet Simpkins Fletcher, as Trustee, and Jill Simpkins Hunter, as
Trustee (collectively as Lessor) and B.W. Simpkins Oil, Inc.
(Lessee).
ADDENDUM #2 TO LEASE dated January 1, 1985, between B.W.
Simpkins, Trustee of "B.W. Simpkins Trust" as tenants in common with
Janet Simpkins Fletcher, as Trustee, and Jill Simpkins Hunter, as
Trustee (collectively as Lessor) and B.W. Simpkins Oil, Inc.
(Lessee).
FIRST AMENDMENT TO LEASE AGREEMENT dated February 1, 1989,
between B.W. Simpkins, Trustee of "B.W. Simpkins Trust" as tenants in
common with Janet Simpkins Fletcher, as Trustee, and Jill Simpkins
Hunter, as Trustee (collectively as Lessor) and Simpkins & Sheriff
Enterprises, Inc. (Lessee).
<PAGE> 383
6114 MELBOURNE, FL
LEASE AGREEMENT dated October 1, 1984, between B.W. Simpkins,
Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee of "F.A.
Sheriff Trust" (said trusts jointly as Lessor) and B.W. Simpkins Oil,
Inc. (Lessee).
ASSIGNMENT OF LEASE dated December 1, 1986, between B.W.
Simpkins Oil Inc. (Assignor) and Simpkins & Sheriff Enterprises, Inc.
(Assignee).
FIRST AMENDMENT TO LEASE AGREEMENT dated February 1, 1989,
between B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A.
Sheriff, Trustee of "F.A. Sheriff Trust" (said trusts jointly as
Lessor) and Simpkins & Sheriff Enterprises, Inc. (Lessee).
SECOND AMENDMENT TO LEASE AGREEMENT dated December 7, 1993,
between MAPCO Florida Inc. (Lessee) and B.W. Simpkins, Trustee of
"B.W. Simpkins Trust" and F.A. Sheriff, Trustee of "F.A. Sheriff
Trust" (said trusts jointly as Lessor).
6115 TITUSVILLE, FL
LEASE AGREEMENT (PLAZA) dated March 1, 1986, between B.W.
Simpkins, Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee
of "F.A. Sheriff Trust" (said trusts jointly as Lessor) and Simpkins &
Sheriff Enterprises, Inc. (Lessee).
ASSIGNMENT OF LEASE dated December 1, 1986, between B.W.
Simpkins Oil Inc. (Assignor) and Simpkins & Sheriff Enterprises, Inc.
(Assignee).
FIRST AMENDMENT TO PLAZA LEASE dated February 1, 1989, between
B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A. Sheriff,
Trustee of "F.A. Sheriff Trust" (said trusts jointly as Lessor) and
Simpkins & Sheriff Enterprises, Inc. (Lessee).
6116 ROCKLEDGE, FL
LEASE AGREEMENT dated March 1, 1986, between B.W. Simpkins,
Trustee of "B.W. Simpkins Trust" and F.A. Sheriff Trust" (said trusts
jointly as Lessor) and B.W. Simpkins Oil, Inc. (Lessee).
ASSIGNMENT OF LEASE dated December 1, 1986, between B.W.
Simpkins Oil, Inc. (Assignor) and Simpkins & Sheriff Enterprises, Inc.
(Assignee).
FIRST AMENDMENT TO PLAZA LEASE dated February 1, 1989, between
B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A. Sheriff,
Trustee of "F.A. Sheriff Trust" (said trusts jointly as Lessor) and
Simpkins & Sheriff Enterprises, Inc. (Lessee).
6117 COCOA, FL
LEASE AGREEMENT (PLAZA) (SUITE A) dated May 1, 1987, between
B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A. Sheriff,
Trustee of "F.A. Sheriff Trust" (said trusts jointly as Lessor) and
Simpkins & Sheriff Enterprises, Inc. (Lessee).
FIRST AMENDMENT TO PLAZA LEASE dated February 1, 1989, (Suite
A) between B.W. Simpkins, Trustee of "B.W. Simpkins & Sheriff, Trustee
of "F.A. Sheriff Trust" (said trusts jointly as Lessor) and Simpkins &
Sheriff Enterprises, Inc. (Lessee).
LEASE AGREEMENT (PLAZA) (SUITE B) dated June 1, 1988, between
B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A. Sheriff,
Trustee of "F.A. Sheriff Trust" (said trusts jointly as Lessor) and
Simpkins & Sheriff Enterprises, Inc. (Lessee).
FIRST AMENDMENT TO PLAZA LEASE dated February 1, 1989, (Suite
B) between B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A.
Sheriff, Trustee of "F.A. Sheriff Trust" (said trusts jointly as
Lessor) and Simpkins & Sheriff Enterprises, Inc. (Lessee).
SUBLEASE AGREEMENT (SUITE B) dated March 9, 1993, between
MAPCO Florida, Inc. (Sublessor) and Tapes to Go, Inc. (Sublessee).
<PAGE> 384
MEMORANDUM OF SUBLEASE AGREEMENT (SUITE B) dated August 9,
1993, between MAPCO Florida, Inc. (Sublessor) and Tapes to Go, Inc.
(Sublessee), recorded in the Circuit Court Clerk of Brevard County, FL
at Book 3316 at Page 4332.
TENANT ESTOPPEL CERTIFICATE dated on or about April 1992,
between MAPCO Florida, Inc. (Lessee) and Sun Bank, National
Association.31 Right/Way 6410.
6118 PALM BAY, FL
LEASE AGREEMENT dated July 1, 1986 between B.W. Simpkins,
Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee of "F.A.
Sheriff Trust" (said trusts jointly as Lessor) and B.W. Simpkins Oil
Inc. (Lessee).
ASSIGNMENT OF LEASE dated December 1, 1986, between B.W.
Simpkins Oil Inc. (Assignor) and Simpkins & Sheriff Enterprises Inc.
(Assignee).
FIRST AMENDMENT TO LEASE AGREEMENT dated February 1, 1989,
between B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A.
Sheriff, Trustee of "F.A. Sheriff Trust" (said trusts jointly as
Lessor) and Simpkins & Sheriff Enterprises, Inc. (Lessee).
6120 MERRITT ISLAND, FL
LEASE AGREEMENT dated September 1, 1987, between S&S
Petroleum, Inc. ( Lessor) and B.W. Simpkins Oil, Inc. (Lessee).
FIRST AMENDMENT TO LEASE AGREEMENT dated February 1, 1989,
between S&S Petroleum, Inc. (Lessor) and Simpkins & Sheriff
Enterprises, Inc. (Lessee).
6121 MELBOURNE, FL
LEASE AGREEMENT dated September 1, 1987, between S&S
Petroleum, Inc. (Lessor) and B.W. Simpkins Oil, Inc. (Lessee).
FIRST AMENDMENT TO LEASE AGREEMENT dated February 1, 1989
between S&S Petroleum, Inc. (Lessor) and Simpkins &
Sheriff Enterprises, Inc. (Lessee).
6143 FORT PIERCE, FL
FEE PROPERTY - NOT APPLICABLE
6144 PORT ST. LUCIE, FL
LEASE dated April 21, 1989, between Raven Park, Inc. and
Deluxe Mart I, Inc. (Lessor) and Simpkins & Sheriff Enterprises, Inc.
(Lessee) recorded in the Circuit Court of St. Lucie County, FL, in
Book 642 at Page 1389.
AMENDMENT TO LEASE dated April 14, 1992, between Raven Park,
Inc. (Lessor) and MAPCO Florida Inc., recorded in the Circuit Court of
St. Lucie County, FL in Book 797 at Page 2449.
6145 PORT ST. LUCIE, FL
LEASE dated April 21, 1989, between Raven Park, Inc. and
Deluxe Mart II, Inc. (Lessor) and Simpkins & Sheriff Enterprises, Inc.
(Lessee) recorded in the Circuit Court of St. Lucie County, FL, in
Book 642 at Page 1367.
ADDENDUM TO LEASE dated April 21, 1989, between Raven Park
Inc. and Deluxe Mart II Inc. (Lessor) and Simpkins & Sheriff
Enterprises, Inc. (Lessee).
_
<PAGE> 385
6148 FORT PIERCE, FL
LEASE AGREEMENT (PLAZA) dated October 10, 1984, between B.W.
Simpkins, Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee
of "F.A. Sheriff Trust" (said trusts jointly as Lessor) and Simpkins &
Sheriff Enterprises, Inc. (Lessee).
ASSIGNMENT OF LEASE dated December 1, 1986, between Palm Beach
Oil, Inc. (Assignor) and Simpkins & Sheriff Enterprises, Inc.
(Assignee).
FIRST AMENDMENT TO LEASE AGREEMENT dated February 1, 1989,
between B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A.
Sheriff, Trustee of "F.A. Sheriff Trust" (said trusts jointly as
Lessor) and Simpkins & Sheriff Enterprises, Inc. (Lessee).
6149 PORT ST. LUCIE, FL
LEASE AGREEMENT dated February 26, 1981, between Yoon Kap Kwon
and In Sun Kwon (Lessor) and Treasure Coast Oil, Inc. (Lessee), and
recorded in the Circuit Court of St. Lucie County, FL, at Book 349 at
Page 1831 (full one (1) acre, 200'x217'".
EFFECTIVE DATE AGREEMENT dated March 4, 1983, recorded in the
Circuit Court of St. Lucie County, FL, at Book 395 at Page 2936.
LEASE AGREEMENT dated February 26, 1981, between Treasure
Coast Oil, Inc. (Lessor) and Yoon Kap Kwon and In Sun Kwon (Lessees)
(113'x75' tract).
ASSIGNMENT OF LEASE dated September 27, 1984, between Treasure
Coast Oil Inc. (Assignor) and B.W. Simpkins, Trustee of "B.W. Simpkins
Trust" and F.A. Sheriff, Trustee of "F.A. Sheriff Trust" (Assignees)
(Kwon to Treasure Coast lease).
LEASE AGREEMENT dated October 1, 1984, between B.W. Simpkins,
Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee of "F.A.
Sheriff Trust" (said trusts jointly as Lessor) and Palm Beach Oil,
Inc. (Lessee).
ASSIGNMENT OF LEASE dated December 1, 1986, between Palm Beach
Oil, Inc. (Assignor) and Simpkins & Sheriff Enterprises, Inc.
(Assignee).
FIRST AMENDMENT TO LEASE AGREEMENT dated February 1, 1989,
between B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A.
Sheriff, Trustee of "F.A. Sheriff Trust" (said trusts jointly as
Lessor) and Simpkins & Sheriff Enterprises, Inc. (Lessee).
6150 LAKE WORTH, FL
LEASE AGREEMENT dated December 1, 1988, between B.W. Simpkins,
Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee of "F.A.
Sheriff Trust" (said trusts jointly as Lessor) and Simpkins & Sheriff
Enterprises, Inc. (Lessee).
FIRST AMENDMENT TO LEASE AGREEMENT dated February 1, 1989,
between B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A.
Sheriff, Trustee of "F.A. Sheriff Trust" (said trusts jointly as
Lessor) and Simpkins & Sheriff Enterprises, Inc. (Lessee).
MEMORANDUM OF LEASE dated April 14, 1989, between B.W.
Simpkins, Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee
of "F.A. Sheriff Trust" (said trusts jointly as Lessor) and Simpkins
and Sheriff Enterprises, Inc. (Lessee), recorded in the Circuit Court
of Palm Beach County, FL, in Book 6499 at Page 1366.
6151 WEST PALM BEACH, FL
INDENTURE OF LEASE AGREEMENT dated April 29, 1976, between
Forrest C. Mobley, Jr. and Nancy M. Mobley (Lessor) and Palm Beach
Oil, Inc. (Lessee), recorded in the Circuit Court of Palm Beach
County, FL at Book 2653 at Page 735.
ASSIGNMENT OF LEASE dated March 1, 1988, between Simpkins &
Sheriff Enterprises, Inc. dba Palm Beach Oil (Assignor) and F.A.
Sheriff, Trustee of "F.A. Sheriff Trust" (said trusts jointly as
Assignees).
<PAGE> 386
LEASE AGREEMENT dated March 1, 1988 between B. W. Simokins,
Trustee of "B. W. Simpkins Trust" and F.A. Sheriff, Trustee of "F.A.
Sheriff Trust" (said trusts jointly as Lessor) and Simpkins and
Sheriff Enterprises, Inc. (Lessee).
FIRST AMENDMENT TO LEASE AGREEMENT dated February 1, 1989,
between B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A.
Sheriff, Trustee of "F.A. Sheriff Trust" (said trusts jointly as
Lessor) and Simpkins & Sheriff Enterprises, Inc. (Lessee).
MEMORANDUM OF LEASE dated April 14, 1989, between B.W.
Simpkins, Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee
of "F.A. Sheriff Trust" (said trusts jointly as Lessor) and Simpkins
and Sheriff Enterprises, Inc. (Lessee), recorded in the Circuit of
Court of Palm Beach County, FL, in Book 6499 at Page 1363.
6154 WEST PALM BEACH, FL
LEASE AGREEMENT dated December 1, 1988, between B.W. Simpkins,
Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee of "F.A.
Sheriff Trust" (said trusts jointly as Lessor) and Simpkins & Sheriff
Enterprises, Inc. (Lessee).
FIRST AMENDMENT TO LEASE AGREEMENT dated February 1, 1989,
between B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A.
Sheriff, Trustee of "F.A. Sheriff Trust" (said trusts jointly as
Lessor) and Simpkins & Sheriff Enterprises, Inc. (Lessee).
MEMORANDUM OF LEASE dated April 14, 1989, between B.W.
Simpkins, Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee
of "F.A. Sheriff Trust" ( said trusts jointly as Lessor) and Simpkins
and Sheriff Enterprises, Inc. (Lessee), recorded in the Circuit Court
of Palm Beach County, FL, in Book 6499 at Page 1357.
6156 PALM BEACH, FL
LEASE AGREEMENT dated October 1, 1986 between B.W. Simpkins,
Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee of "F.A.
Sheriff Trust: (said trusts jointly as Lessor) and Palm Beach Oil,
Inc. (Lessee).
ASSIGNMENT OF LEASE dated December 1, 1986, between Palm Beach
Oil Inc. (Assignor) and Simpkins & Sheriff Enterprises, Inc.
(Assignee).
FIRST AMENDMENT TO LEASE AGREEMENT dated February 1, 1989,
between B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A.
Sheriff, Trustee of "F.A. Sheriff Trust" (said trusts jointly as
Lessor) and Simpkins & Sheriff Enterprises, Inc. (Lessee).
MEMORANDUM OF LEASE dated April 14, 1989, between B.W.
Simpkins, Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee
of "F.a. Sheriff Trust" (said trusts jointly as Lessor) and Simpkins
and Sheriff Enterprises, Inc. (Lessee), recorded in the Circuit Court
of Palm Beach County, FL, at Book 6499 at Page 1351.
6157 TEQUESTA, FL
ASSIGNMENT OF LEASE dated December 1, 1986, between Palm Beach
Oil Inc. (Assignor) and Simpkins & Sheriff Enterprises Inc. dba Palm
Beach Oil (Assignee).
FIRST AMENDMENT TO LEASE AGREEMENT dated February 1, 1989,
between B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A.
Sheriff, Trustee of "F.A. Sheriff Trust" (said trusts jointly as
Lessor) and Simpkins & Sheriff Enterprises, Inc. (Lessee).
MEMORANDUM OF LEASE dated April 14, 1989, between B.W.
Simpkins, Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee
of "F.A. Sheriff Trust" (said trusts jointly as Lessor) and Simpkins
and Sheriff Enterprises, Inc. (Lessee), recorded in Palm Beach County,
FL in Book 6499 at Page 1348.
<PAGE> 387
6158 PALM CITY, FL
LEASE AGREEMENT (PLAZA) dated December 1, 1984, between B.W.
Simpkins, Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee
of "F.A. Sheriff Trust" (said trusts jointly as Lessor) and Simpkins &
Sheriff Enterprises, Inc. (Lessee).
ASSIGNMENT OF LEASE dated December 1, 1986, between Palm Beach
Oil, Inc. (Assignor) and Simpkins & Sheriff Enterprises Inc. dba Palm
Beach Oil (Assignee).
FIRST AMENDMENT TO PLAZA LEASE AGREEMENT dated February 1,
1989, between B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A.
Sheriff, Trustee of "F.A. Sheriff Trust" (said trusts jointly as
Lessor) and Simpkins & Sheriff Enterprises Inc. (Lessee).
MEMORANDUM OF LEASE dated April 14, 1989, between B.W.
Simpkins, Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee
of "F.A. Sheriff Trust" (said trusts jointly as Lessor) and Simpkins
and Sheriff Enterprises Inc. (Lessee), recorded in Martin County, FL
in Book 0863 at Page 2044.
6159 Stuart, FL
LEASE AGREEMENT (PLAZA) dated December 1, 1984, between B.W.
Simpkins, Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee
of "F.A. Sheriff Trust" (said trusts jointly as Lessor) and Simpkins &
Sheriff Enterprises, Inc. (Lessee).
ASSIGNMENT OF LEASE dated December 1, 1986, between Palm Beach
Oil, Inc. (Assignor) and Simpkins & Sheriff Enterprises Inc. dba Palm
Beach Oil (Assignee).
FIRST AMENDMENT TO PLAZA LEASE AGREEMENT dated February 1,
1989, between B.W. Simpkins Trust" and F.A. Sheriff, Trustee of "F.A.
Sheriff Trust" (said trusts jointly as Lessor) and Simpkins and
Sheriff Enterprises Inc. (Lessee), recorded in Martin County, FL in
Book 0863 at Page 2047.
6160 Okeechobee, FL
LEASE AGREEMENT dated December 1, 1988, between B.W. Simpkins,
Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee of "F.A.
Sheriff Trust" (said trusts jointly as Lessor) and Simpkins & Sheriff
Enterprises, Inc. (Lessee).
FIRST AMENDMENT TO LEASE AGREEMENT dated February 1, 1989
between B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A.
Sheriff, Trustee of "F.A. Sheriff Trust" (said trusts jointly as
Lessor) and Simpkins & Sheriff Enterprises, Inc. (Lessee).
6162 Jupiter, FL
LEASE AGREEMENT (PLAZA) dated December 1, 1988, between B.W.
Simpkins, Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee
of "F.A. Sheriff Trust" (said trusts jointly as Lessor) and Simpkins &
Sheriff Enterprises, Inc. (Lessee).
FIRST AMENDMENT TO PLAZA LEASE AGREEMENT dated February 1,
1989, between B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A.
Sheriff, Trustee of "F.A. Sheriff Trust" (said trusts jointly as
Lessor) and Simpkins & Sheriff Enterprises, Inc. (Lessee).
SECOND AMENDMENT TO LEASE (BEGINNING DATE AGREEMENT) dated
July 21, 1989, between B.W. Simpkins, Trustee of "B.W. Simpkins
Trust" and F.A. Sheriff, Trustee of "F.A. Sheriff Trust" (said trusts
jointly as Lessor) and Simpkins & Sheriff Enterprises, Inc. (Lessee).
MEMORANDUM OF LEASE dated April 14, 1989, between B.W.
Simpkins, Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee
of "F.A. Sheriff Trust" (said trusts jointly as Lessor) and Simpkins
and Sheriff Enterprises, Inc. (Lessee), recorded in Palm Beach, FL in
Book 6499 at Page 1344.
<PAGE> 388
6170 SEBASTIAN, FL
LEASE AGREEMENT dated April 30, 1988, between B.W. Simpkins,
Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee of "F.A.
Sheriff Trust" (said trusts jointly as Lessor) and Simpkins & Sheriff
Enterprises, Inc. (Lessee).
FIRST AMENDMENT TO LEASE AGREEMENT dated February 1, 1989,
between B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A.
Sheriff, Trustee of "F.A. Sheriff Trust" (said trusts jointly as
Lessor) and Simpkins & Sheriff Enterprises, Inc. (Lessee)
MEMORANDUM OF LEASE dated April 14, 1989, between B.W.
Simpkins, Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee
of "F.A. Sheriff Trust" (said trusts jointly as Lessor) and Simpkins
and Sheriff Enterprises, Inc. (Lessee), recorded in Indian River
County, FL in Book 870 at Page 1621.
6177 PALM BEACH GARDEN, FL
LEASE AGREEMENT dated October 1, 1984, between B.W. Simpkins,
Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee of "F.A.
Sheriff Trust" (said trusts jointly as Lessor) and Palm Beach Oil,
Inc. (Lessee).
ASSIGNMENT OF LEASE dated December 1, 1986, between Palm Beach
Oil, Inc. (Assignor) and Simpkins & Sheriff Enterprises, Inc.
(Assignee).
FIRST AMENDMENT TO LEASE AGREEMENT dated February 1, 1989,
between B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A.
Sheriff, Trustee of "F.A. Sheriff Trust" (said trusts jointly as
Lessor) and Simpkins & Sheriff Enterprises, Inc. (Lessee).
MEMORANDUM OF LEASE dated April 14, 1989, between B.W.
Simpkins, Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee
of "F.A. Sheriff Trust" (said trusts jointly as Lessor) and Simpkins
and Sheriff Enterprises Inc. (Lessee), recorded in Palm Beach County,
FL at Book 6499 at Page 1341.
AGREEMENT OF CROSS EASEMENTS dated September 22, 1993, between
Prosperity Centre Associates, Ltd., and MAPCO Florida, Inc.
6209 LAKE CITY, FL
SUB LEASE AGREEMENT dated January 1, 1988, between B.W.
Simpkins, Trustee, and F.A. Sheriff, Trustee, (collectively Lessor)
and Simpkins & Sheriff Enterprises, Inc. (Lessee).
FIRST AMENDMENT TO LEASE AGREEMENT dated February 1, 1989,
between B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A.
Sheriff, Trustee of "F.A. Sheriff Trust" (said trusts jointly as
Lessor) and Simpkins & Sheriff Enterprises, Inc. (Lessee).
6210 STARKE, FL
LEASE AGREEMENT dated February 1, 1986, between B.W. Simpkins,
Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee of "F.A.
Sheriff Trust" (said trusts jointly as Lessor) and Sun States Oil,
Inc. (Lessee).
ASSIGNMENT OF LEASE dated December 1, 1986, between Sun States
Oil, Inc. (Assignor) and Simpkins & Sheriff Enterprises, Inc.
(Assignee).
FIRST AMENDMENT TO LEASE AGREEMENT dated February 1, 1989,
between B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A.
Sheriff, Trustee of "F.A. Sheriff Trust" (said trusts jointly as
Lessor) and Simpkins & Sheriff Enterprises, Inc. (Lessee).
6211 STARKE, FL
LEASE AGREEMENT dated February 1, 1986, between B.W. Simpkins,
Trustee of "B.W. Simpkins Trust" and F.A. Sheriff, Trustee of "F.A.
Sheriff Trust" (said trust jointly as Lessor) and
<PAGE> 389
Sun States Oil, Inc. (Lessee).
ASSIGNMENT OF LEASE dated December 1, 1986, between Sun States
Oil, Inc. (Assignor) and Simpkins & Sheriff Enterprises, Inc. (
Assignee).
FIRST AMENDMENT TO LEASE AGREEMENT dated February 1, 1989,
between B.W. Simpkins, Trustee of "B.W. Simpkins Trust" and F.A.
Sheriff, Trustee of "F.A. Sheriff Trust" (said trusts jointly as
Lessor) and Simpkins & Sheriff Enterprises, Inc. (Lessee).
6401 Auburndale, FL
LEASE AGREEMENT dated March 15, 1990, between MAPCO PETROLEUM
Inc. (Lessee) and Fore Oil Co. (Lessor), a Florida corporation, as
evidenced by MEMORANDUM OF LEASE dated March 15, 1990, filed on April
3, 1990 and recorded in Official Records Book 2840 at Page 0852 of the
public records of the Circuit Court Clerk for Polk County, Florida.
NON-DISTURBANCE AGREEMENT dated March 15, 1990, between First
Union National Bank, formerly Atlantic National Bank of Florida
(Mortgagee), Fore Oil Co. (Mortgagor), and MAPCO PETROLEUM Inc.
(Lessee), recorded in Book 2840 at Page 0759, Circuit Court Clerk,
Polk County, FL.
ASSIGNMENT OF LEASE dated June 1, 1992, between MAPCO
PETROLEUM Inc. (Assignor) and MAPCO Florida, Inc. (Assignee), recorded
in Book 3399 at Page 1645, Circuit Court Clerk, Polk County, FL.
6403 LAKELAND, FL
GROUND LEASE dated March 1, 1984, between Colonial Industries,
a Florida general partnership and Murray Groves, Inc., a Florida
corporation (collectively as Lessor) and Fore Oil Co., a Florida
corporation (Lessee), which Lease was subsequently assigned to MAPCO
PETROLEUM Inc. (Assignee) from Fore Oil Co. (Assignor) by ASSIGNMENT,
ASSUMPTION AND CONSENT, dated March 15, 1990, filed on April 19, 1990
and recorded in Official Records Book 2845 at Page 1931 of the public
records of the Circuit Court Clerk for Polk County, State of Florida,
to which a copy of the Lease was attached as an exhibit thereto.
SUBLEASE dated August 30, 1984, between Fore Oil Co.
(Sublessor) and Farm Stores Inc. (Sublessee) with consent by Lessor.
ASSIGNMENT OF LEASE dated June 1, 1992, between MAPCO
PETROLEUM Inc. (Assignor) and MAPCO Florida, Inc. (Assignee), recorded
in Book 3408 at Page 1667, circuit Court Clerk, Polk County, FL.
NOTICE OF ASSIGNMENT OF LEASES AND ASSUMPTION AGREEMENT dated
September 14, 1992, between Farm Stores Inc. and REWJB Investment
(Assignee).
6404 LAKELAND, FL
LEASE AGREEMENT dated August 29, 1985, between Anchor
Investment Corporation of Fla. (Lessor), and Fore Oil Co. (Lessee),
which Lease was subsequently assigned to MAPCO PETROLEUM Inc.
(Assignee) from Fore Oil Co. (Assignor) by ASSIGNMENT, ASSUMPTION AND
CONSENT, dated March 8, 1990, filed on May 29, 1990 and recorded in
Official Records Book 2859 at Page 538 of the public records of the
Circuit Court Clerk for Polk County, State of Florida, to which a copy
of the Lease was attached as an exhibit thereto.
ASSIGNMENT OF LEASE dated June 1, 1992, between MAPCO
PETROLEUM Inc. (Assignor) and MAPCO Florida, Inc. (Assignee), recorded
in Book 3407 at Page 2047, Circuit Court Clerk, Polk County, FL.
<PAGE> 390
6405 LAKELAND, FL
LEASE CONTRACT dated December 22, 1987, between PMAG
Partnership, a Florida general partnership (Lessor) and Fore Oil Co.
(Lessee), which Lease as subsequently assigned to MAPCO PETROLEUM Inc.
(Assignee) from Fore Oil Co. (Assignor) by ASSIGNMENT, ASSUMPTION AND
CONSENT, dated March 8, 1990 and recorded in Official Records Book
2859 at Page 538 of the public records of the Circuit Court Clerk for
Polk County, State of Florida, to which a copy of the Lease was
attached as an exhibit thereto.
ASSIGNMENT OF LEASE dated June 1, 1992, between MAPCO
PETROLEUM Inc. (Assignee), recorded in Book 3408 at Page 1661, Circuit
Court Clerk, Polk County, FL.
6406 LAKELAND, FL
LEASE dated November 5, 1976, between Anchor Investment
Corporation of Fla. (Lessor) successor by acquisition of the subject
property to Country Corner, Inc., the original lessor, and Fore Oil
Co., a Florida corporation (Lessee), which Lease was subsequently
assigned to MAPCO PETROLEUM Inc. (Assignee) from Fore Oil Co.
(Assignor) by ASSIGNMENT, ASSUMPTION AND CONSENT, dated March 15,
1990, file on April 19, 1990 and recorded in Official Records Book
2845 at Page 1920 of the public records of the Circuit Court Clerk for
Polk County, Florida, to which a copy of the Lease was attached as an
exhibit thereto.
FIRST AMENDMENT TO LEASE AGREEMENT dated October 31, 1991,
between MAPCO PETROLEUM Inc. (Lessee) and Anchor Investment
Corporation of Fla. (Lessor).
ASSIGNMENT OF LEASE dated June 1, 1992, between MAPCO
PETROLEUM Inc. (Assignor) and MAPCO Florida, Inc. (Assignee), recorded
in Book 3407 at Page 2053, Circuit Court Clerk, Polk County, FL.
6407 LAKELAND, FL
LEASE AGREEMENT dated March 15, 1990, between MAPCO PETROLEUM
Inc. (Lessee) and Fore Oil Co. (Lessor), as evidenced by that certain
MEMORANDUM OF LEASE dated March 15,1990, filed on April 3, 1990 and
recorded in Official Records Book 2840 at Page 849 of the public
records of the Circuit Court Clerk for Polk County, State of Florida.
NON-DISTURBANCE AGREEMENT dated March 15, 1990, between MAPCO
PETROLEUM Inc. (Lessee), Fore Oil Co. (Mortgagor) and First Union
National Bank f/k/a Atlantic National Bank of Florida (Mortgagee),
filed on April 3, 1990 and recorded in Official Records Book 2840 at
Page 759 of the public records of the Circuit Court Clerk for Polk
County, State of Florida
ASSIGNMENT OF LEASE dated June 1, 1992, between MAPCO
PETROLEUM Inc. (Assignor) and MAPCO Florida, Inc. (Assignee), recorded
in Book 3399 at Page 1640, Circuit Court Clerk, Polk County, FL.
6408 LAKELAND, FL
LEASE AGREEMENT dated March 15, 1990, between MAPCO PETROLEUM
Inc. and Fore Oil Co. (Lessor), as evidenced by that certain
MEMORANDUM OF LEASE dated March 15, 1990, filed on April 3, 1990 and
recorded in Official Records Book 2840 at Page 855 of the public
records of the Circuit Court Clerk for Polk County, State of Florida.
NON-DISTURBANCE AGREEMENT dated March 15, 1990, between MAPCO
PETROLEUM Inc. (Lessee), Fore Oil Co. (Mortgagor) and First Union
National Bank f/k/a Atlantic National Bank of Florida (Mortgagee),
filed on April 3, 1990 and recorded in Official Records Book 2840 at
Page 759 of the public records of the Circuit Court Clerk for Polk
County, State of Florida.
ASSIGNMENT OF LEASE dated June 1, 1992, between MAPCO
PETROLEUM Inc. (Assignor) and MAPCO Florida, Inc. (Assignee), recorded
in Book 3399 at Page 1635, Circuit Court Clerk, Polk County, FL.
<PAGE> 391
6409 LAKELAND, FL
LEASE AGREEMENT dated March 15, 1990, between MAPCO PETROLEUM
Inc. (Lessee) and Hillory Register, Jr., (Lessor), as evidenced by
that certain MEMORANDUM OF LEASE dated March 15, 1990, filed on April
3, 1990 and recorded in Official Records Book 2840 at Page 846 of the
public records of the Circuit Court Clerk for Polk County, State of
Florida.
NON-DISTURBANCE AGREEMENT dated March 15, 1990, between MAPCO
PETROLEUM Inc. (Lessee), Hillory Register, Jr. (Mortgagor) and Citrus
and Chemical Bank (Mortgagee), filed on April 3, 1990 and recorded in
Official Records Book 2840 at Page 754 of the public records of the
Circuit Court Clerk for Polk County, State of Florida.
ASSIGNMENT OF LEASE dated June 1, 1992, between MAPCO
PETROLEUM Inc. (Assignor) and MAPCO Florida, Inc. (Assignee), recorded
in Book 3399 at Page 1630, Circuit Court Clerk, Polk County, FL.
6410 LAKELAND, FL
LEASE AGREEMENT dated March 15, 1990, between MAPCO PETROLEUM
Inc. (Lessee) and R. Scott Fore, an individual (Lessor), as evidenced
by that certain MEMORANDUM OF LEASE dated March 15, 1990, filed on
April 3, 1990 and recorded in Official Records Book 2840 at Page 861
of the public records of the Circuit Court Clerk for Polk County,
State of Florida.
ASSIGNMENT OF LEASE dated June 1, 1992, between MAPCO
PETROLEUM Inc. (Assignor) and MAPCO Florida, Inc. (Assignee), recorded
in Book 3399 at Page 1625, Circuit Court Clerk, Polk County, FL.
SUBORDINATION OF ENCUMBRANCE TO PROPERTY RIGHTS TO COUNTY OF
POLK, STATE OF FLORIDA dated August 9, 1993.
6411 LAKELAND, FL
LEASE AGREEMENT dated March 15, 1990, between MAPCO PETROLEUM
Inc. (Lessee) and R. Scott Fore, an individual (Lessor), as evidenced
by MEMORANDUM OF LEASE DATED MARCH 15, 1990, filed on April 3, 1990
and recorded in Official Records Book 2840 at Page 858 of the public
records of the Circuit Court Clerk for Polk County, State of Florida.
NON-DISTURBANCE AGREEMENT dated March 15, 1990, between
Sunshine State Federal Savings and Loan Association (Mortgagee), R.
Scott Fore (Mortgagor) and MAPCO PETROLEUM Inc. (Lessee) recorded in
Book 2869 at Page 1205, Circuit Court Clerk, Polk County, FL.
ASSIGNMENT OF LEASE dated June 1, 1992, between MAPCO
PETROLEUM Inc. (Assignor) and MAPCO Florida, Inc. (Assignee), recorded
at Book 3399 at Page 1620, Circuit Court Clerk, Polk County, FL.
6412 LAKELAND, FL
LEASE AGREEMENT dated March 15, 1990, between MAPCO PETROLEUM
Inc. (Lessee) and R. Scott Fore and Hillary Register, Jr.,
individually and d/b/a FRRE Properties, a Florida partnership
(collectively, as Lessor), as evidenced by MEMORANDUM OF LEASE dated
March 15, 1990, filed on April 3, 1990 and recorded in Official
Records Book 2840 at Page 870 of the public records of the Circuit
Court Clerk for Polk County, State of Florida.
ASSIGNMENT OF LEASE dated June 1, 1992, between MAPCO
PETROLEUM Inc. (Assignor) and MAPCO Florida, Inc. (Assignee), recorded
in Book 3399 at Page 1615, Circuit Court Clerk, Polk County, FL.
<PAGE> 392
6413 WINTER HAVEN, FL
LEASE AGREEMENT dated March 15, 1990, between MAPCO PETROLEUM
Inc. (Lessee) and Fore Oil Co., a Florida corporation (Lessor), as
evidenced by MEMORANDUM OF LEASE dated March 15,1990, filed on April
3, 1990 and recorded in Official Records Book 2840 at Page 867 of the
public records of the Circuit Court Clerk for Polk County, State of
Florida.
ASSIGNMENT OF LEASE dated June 1, 1992, between MAPCO
PETROLEUM Inc. (Assignor) and MAPCO Florida, Inc. (Assignee), recorded
in Book 3399 at Page 1610, Circuit Court Clerk, Polk County, FL.
6414 WINTER HAVEN, FL
LEASE CONTRACT dated November 18, 1988, between (Lessor) and
Fore Oil Co., a Florida corporation (Original Lessee), which Lease was
subsequently assigned to MAPCO PETROLEUM Inc. (Assignee) from Fore Oil
Co. (Assignor) by ASSIGNMENT, ASSUMPTION AND CONSENT, dated March 15,
1990, filed on April 3, 1990 and recorded in Official Records Book
2840 at Page 832 of the public records of the Circuit Court Clerk for
Polk County, State of Florida, to which a copy of the Lease was
attached as an exhibit thereto.
ASSIGNMENT OF LEASE dated June 1, 1992, between MAPCO
PETROLEUM Inc. (Assignor) and MAPCO Florida, Inc. (Assignee), recorded
in Book 3408 at Page 1674, Circuit Court Clerk, Polk County, FL.
(33707)
<PAGE> 393
EXHIBIT 1.33
(Continued)
THIRD PARTY CONTRACTS
<TABLE>
<CAPTION>
VENDOR/SUPPLIER
- ---------------
<S> <C>
NCR THIRD PARTY MAINTENANCE AGREEMENT dated on or about March 4, 1991, between MAPCO PETROLEUM Inc.
and NCR Corporation.
Republic Money EXHIBIT A TO TERM AGENCY AGREEMENT FOR MONEY ORDERS dated August 8, 1993, between Republic Money
Order Company and MAPCO PETROLEUM Inc.
Peoples PAY TELEPHONE PLACEMENT AGREEMENT dated March 17, 1993, between Peoples Telephone Company Inc. and
MAPCO PETROLEUM Inc., as amended by AMENDMENT TO PAY TELEPHONE PLACEMENT AGREEMENT dated May 27,
1994, between MAPCO PETROLEUM Inc. and Peoples Telephone Company Inc.
Therio LEASE AGREEMENT dated February 1, 1993, between MAPCO Florida, Inc. (Lessor) and Therio
Enterprises Inc. (Subshop at Store No. 6116), as assigned by Therio Enterprises Inc. (Assignor) to
Donald Bridges (Assignee) by ASSIGNMENT AND CONSENT AGREEMENT dated February 1, 1994, as
subsequently assigned by Donald Bridges (Assignor) to Edward P. Zoldak (Assignee) by ASSIGNMENT
AND CONSENT AGREEMENT dated June 7, 1994.
Therio LEASE AGREEMENT dated February 1, 1994, between MAPCO Florida, Inc. (Lessor) and Therio
Enterprises Inc. (Lessee). (Subshop at Store No. 6115).
Scarritt LEASE AGREEMENT dated December 1, 1993, between MAPCO Florida, Inc. (Lessor) and Joanna Scarritt
(Lessee). (Subshop at Store No. 6148).
Mash Subs LEASE AGREEMENT dated December 20, 1993, between MAPCO Florida, Inc. (Lessor) and Mash Subs and
Salads of Palm Beach Inc. (Lessee). (Subshop at Store No. 6157).
</TABLE>
<PAGE> 394
<TABLE>
<S> <C>
Scarritt LEASE AGREEMENT dated August 25, 1993, between MAPCO Florida, Inc. (Lessor) and Joanna Scarritt
(Lessee). (Subshop at Store No. 6149).
Therio LEASE AGREEMENT dated May 12, 1993, between MAPCO Florida, Inc. (Lessor) and Therio Enterprises
Inc. (Lessee), as amended by FIRST AMENDMENT dated July 7, 1993 between MAPCO Florida, Inc.
(Lessor) and ARL Enterprises Inc. (Lessee). (Subshop at Store No. 6118)
ARL Enterprises LEASE AGREEMENT dated May 12, 1993, between MAPCO Florida, Inc. (Lessor) and ARL Enterprises Inc., as
amended by FIRST AMENDMENT dated July 7, 1993 between MAPCO Florida, Inc. (Lessor) and ARL Enterprises
Inc. (Lessee) (Subshop at Store No. 6118).
GW Services WATER VENDING JOINT VENTURE AGREEMENT dated February 1, 1993, between MAPCO PETROLEUM Inc. and GW SERVICES
Inc.
Air-Vac EQUIPMENT PLACEMENT AND LOCATION AGREEMENT dated November 27, 1992, between MAPCO PETROLEUM Inc.
and LOCATION and AIR-VAC Systems.
Stormwater STORMWATER MAINTENANCE AGREEMENT dated on or about June 28, 1990, between B.W. Simpkins Trust & F.A.
Sheriff Trust and MAPCO Florida, Inc. and the City of Melbourne. (Store No. 6114)
Utility UTILITY AGREEMENT dated December 30, 1991, between MAPCO Florida, Inc. (Developer) and General
Development Utilities Inc. (Utilities). (Store No. 6118)
Electric ELECTRIC SERVICE AGREEMENT dated October 13, 1993, between Lake Worth Utilities, Lake Worth, FL
and MAPCO Florida, Inc. (Store No. 6150)
Coca-Cola FOUNTAIN MACHINE LEASES
Air-Vac VERBAL AGREEMENT
ICEE NO WRITTEN AGREEMENT
</TABLE>
VARIOUS STORE NO. 1008 LIABILITIES AND CONTRACTS (NOT OTHERWISE LISED ABOVE).
AA Amusement Game Machines Lease (monthly/verbal)
Appalachian Amusement
BFI Trash Pickup (MPI wide written agreement)
ComData Alliance Equipment (MPI wide)
EASEMENTS, RIGHT-OF-WAY, SERVITUDES, PERMITS OR OTHER AGREEMENTS NOT OTHERWISE
DEFINED AS UNPERMITTED ENCUMBRANCES HEREIN.
Fowler Carbonics, Inc. dated April 1, 1992, with MAPCO
PETROLEUM, Inc.
33875
<PAGE> 395
EXHIBIT 3.5(d)
PREPAID EXPENSES AND OTHER ITEMS
1. In addition to those items listed in Section 3.5(d), EPC has as
prepaid expense and other items: prepaid diesel fuel (transport
fuel).
2. In addition to those items listed in Section 3.5(d), MPI and MFI have
as prepaid expense and other items: prepayments, if any, under
Station Liabilities and Contracts and licenses to operate the Stations.
<PAGE> 396
EXHIBIT 3.8
NATURAL GAS ENCROACHMENT - BRANCHES
<TABLE>
<CAPTION>
Branch Branch # Customers
------ -------- ---------
<S> <C> <C> <C>
1. Alpena, MI 007 2,595
2. Atlanta, MI 026 3,525
3. Clare, MI 011 2,895
4. Gladwin, MI 017 4,781
5. Grayling, MI 006 3,509
6. Houghton Lake, MI 003 3,012
7. Kalkaska, MI 025 3,318
8. Rose City, MI 013 4,106
9. Tawas, MI 004 4,343
10. West Branch, MI 008 4,559
------
36,643
</TABLE>
<PAGE> 397
PERCENT CHANGE IN CUSTOMER BASE
<TABLE>
<CAPTION>
FIRST 12-MONTH SECOND 12- MONTH THIRD 12- MONTH PERCENT
PERIOD PERIOD PERIOD INCLUDED FOR ADJUSTMENT
(12) (24) (36) SUBTOTAL ADJUSTMENT 2% EXCLUSION PERCENT
-------------- ---------------- --------------- -------- ---------------- ------------ ----------
<S> <C> <C> <C> <C> <C> <C> <C>
Base Limits 5% 5% 6% 15%
Branch 5 5 6 16 16 (2) 14
5 5 5.01 15.01 15.01 (2) 13.01
6 2 2 10 10 (2) 8
2 6 4 12 10 (2) 8
2 2 7 11 7 (2) 5
4 3 10 17 17 (2) 15
2 2 13 17 17 (2) 15
4 5 6 15 0 -- --
5 5 5 15 0 -- --
</TABLE>
Adjustment Percent calculated as follows:
o If in any 12-month period the reduction in the Customer Base exceeds
5%, except for the last 12 months of the 36-month period (the
reduction must exceed 6%), then add the percent change in the 12-month
period the Customer Base exceeded 5% with any subsequent change to the
Customer Base to determine the "Percent Included for Adjustment."
o If the percent change exceeds the base in the second (5%) or third
(6%) twelve-month period, any amount in prior periods which did not
exceed the base is not included in the "Percent Included for
Adjustment," unless the Subtotal is greater than 15%.
o If the Subtotal is greater than 15%, then the Subtotal is included in
the "Percent Included for Adjustment."
<PAGE> 398
EXHIBIT 4.4
NECESSARY AUTHORIZATIONS - EPC
1. Those required under The Hart-Scott-Rodino Antitrust Improvements Act
of 1976.
2. Those required under the vehicle leases described in Exhibit 1.7.
<PAGE> 399
EXHIBIT 4.5
CONFLICTS - EPC
1. None.
<PAGE> 400
EXHIBIT 4.7
ABSENCE OF CHANGES - EPC
1. None.
<PAGE> 401
EXHIBIT 4.8
CLAIMS AND LITIGATION - EPC
I. Litigation
1. Estate of Juanita Buechl v. Emro Propane Company, et al.,
Ogemaw County (MI) Circuit Court Case No. 91-10918-NI.
2. Freislinger, et ux. v. Emro Propane Company, et al., U.S. D.C.
So. Dist. Il. Case No. 92-4161-JPG.
3. Fremont Mutual Insurance Company, Subrogee v. Emro Propane
Company, et al., Gladwin County (MI) Circuit Court Case No.
94-11896-CZ.
4. Smith v. Emro Propane Company, et al., Ashland County (OH)
Common Pleas Court Case No. 34883.
5. Zenner, et ux. v. Emro Propane Company, et al., Grand Traverse
County (MI) Circuit Court Case No. 93-11738-CK.
6. William Harrington, et. ux. v. Emro Propane Company, Missaukee
County (MI) Circuit Court Case No. 94-4010-NP.
7. Worker's Compensation claims for the following employees or
former employees:
Blodgett, Lee
Halterman, Randy
Harvey, Larry
Haskins, Richard
Hereim, William
Howard, Robert
Kreais, Francis
Lada, Theresa
Orosco, Paul
Whalen, Raymond
II. Material Claims
1. Manistee Pines Resort - claim of environmental contamination
from a fuel oil spill at the resort in March 1994.
<PAGE> 402
EXHIBIT 4.9
TAXES AND ASSESSMENTS - EPC
1. See Exhibit 4.13 for special assessments on the Land.
<PAGE> 403
EXHIBIT 4.13
CONDEMNATIONS AND ASSESSMENTS
LAND
<TABLE>
<S> <C>
1. Dewey Road Pending road widening at this
Amherst, OH leased site.
2. 5517 Woodville Road Special assessment for Water-
Toledo, OH line No. 234. (11-360 DH-2227 MS) - $1.00 per half
3. 5340 W. Tiffin Street Special assessment forBascom Light
Bascom, OH - $15.65 per half.
4. 1875 E. State St. Special assessment for Bark Creek Mt.
Fremont, OH - $13.04 per half.
5. 961 N. Van Dyke Road Special assessment for Hill Bad Axe
Bad Axe, MI - $21.43 per year.
6. 15317 S. Telegraph Special assessment for 4L St. Lights
Monroe, MI CP - $28.13 per year.
7. 8880 St. Hwy. 109 Special assessment for Bad Creek Ditch
Delta, OH Main. - $1.58 per half.
8. 13398 Cygnet Road & US 25 Special assessments No. 11-177 DH
Cygnet, OH 2200 MM and No. 11-178 DH 2200 MR - $3.67 per half.
9. V-071 S. State Rt. 66 Special assessment for Burkholder Ditch
Archbold, OH $15.51, $3.88 and $2.00 per half.
10. 8860 Providence-Neapolis- Special assessment for mosquito
Swanton Road spraying - $3.54 per half
Neapolis, OH
11. P. O. Box 07 - R.R. #2 Special assessment: Ditch 584 & 664
Urbana, IN -01511-00 - $10.00 per half
12. 13021 Michigan Ave. Special assessment for Street Lights
Marshall, MI $25.00 per year.
13. 8920 Silver Lake Road Special assessment for Fire and Police
(Parcel A-346-1-A) $80.00 per year.
Linden, MI
</TABLE>
<PAGE> 404
EXHIBIT 4.13
(Continued)
CONDEMNATIONS AND ASSESSMENTS
LAND
<TABLE>
<S> <C>
14. 6021 E. Pere Marquette Road Special assessment: Jennings - $6.65
Clare, MI per year
15. 5541 Lapeer Street Special assessment for:
Kimball, MI (1) Sewer - $74.00 per year
(2) Water - $1,237.12 per year
16. 2147 I-75 Business Loop Special assessment for Sanitary Sewer
West Branch, MI $476.32 per year
17. 51897 N. Gratiot Special assessment for:
Chesterfield, MI (1) Sewer District 118 - $3,457.61
1st half
(2) Police - $184.20 2nd half
18. 7038 Westside Saginaw Road Special assessment:
Bay City, MI (1) Sewer Dist. #2 - $446.84 per year
(2) Twp. Fire Equip - $44.24 per year
19. US 45 & I-57 Special assessment:
Neoga, IL Neoga Dr #1 - $1.00 per half
20. 8348 Providence-Neapolis- Special assessment for mosquito control
Swanton Road $4.03 per half
Neapolis, OH
21. 401 N. Straits Hwy. (M-27) Special assessment:
Indian River, MI 15 Lights-MUL - $68.03 per year
22. Rt. #5 - Box 232A Special assessment for Brevoort Levee
Vincennes, IN - $52.36 per half
23. US 421S - S. Co. Rd. 550S Special assessment for Pelsey Ditch -
Francesville, IN $10.00 per half
24. 4234 M-25 Special assessment for garbage - $120
Unionville, MI per year
25. 3223 U.S. 23 South Special assessment for:
Alpena, MI (1) Sewer - $48.00 per year
(2) Water - $136.80 per year
</TABLE>
<PAGE> 405
EXHIBIT 4.16
CONTRACT EXCEPTIONS - EPC
1. None.
<PAGE> 406
EXHIBIT 4.17
ENVIRONMENTAL MATTERS - LAND
1. Claims and litigation: See Exhibit 4.8, Section II.
2. Those items described in Exhibit 14.1.1.
3. Class V injection wells: None.
<PAGE> 407
FINANCIAL INFORMATION
4.18
<TABLE>
<S> <C>
MONTHLY COMPARATIVE INCOME STATEMENTS 1/94 - 5/94
3/93,6/93,9/93
Fixed Asset Listing 12/31/93/5/31/94
Trial Balance 12/31/91
Trial Balance 12/31/92
Trial Balance (By Month For Year) 12/31/93
Trial Balance 5/31/94
Schedule of Monthly Branch Appliance Sales 1993
Schedule of Miscellaneous Income & Expense 1992
Schedule of Miscellaneous Income & Expense 1993
Schedule of Covenants Payable & Goodwill 5/31/94
Accounts Receivable Delinquency Ageing 5/31/94
Trial Balance 5/31/93
Prepaid Expense Schedule 12/31/93
Bulk Tank Equipment Inventory Listing 5/31/94
Accounts Payable Trial Balance Listing 5/31/94
Schedule of Vendor Names & Addresses at Payable Listing 5/31/94
Computer Equipment Listing 5/31/94
Software Inventory Schedule 5/31/94
Schedule of Note Payable 5/31/94
Schedule of Inventory Turnover 12/31/93
Schedule of Inventory by Branch 5/31/94
Five Year Comparison/By Plant 1/12/94
Unit Profit & Loss Income Statements 12/31/93
Unit Profit & Loss Income Statements 12/31/92
Unit Profit & Loss Income Statements 12/31/91
Emro Management Presentation } Excluding Forecasted 2/94
Additional Management Materials } Data 3/16/94
Additional Management Materials Defined As: 3/16/94
Exhibits I, II, VII, VIII
Additional Management Materials Defined As: 4/18/94
Price Selling Recap (1990-93)
10 Year Actuals (83-93)
Year to Date Variance Analysis
Sales/Gross Margin Comparison (Service Parts/Appliances) 92/93
Capital Expenditures (89-93)
Leasing Schedules Dated: 6/16/94
((Citizens)(PHH)(Wheels)(Pitney Bowes/GE Capital)) 6/15/94
7/29/94
8/02/94
</TABLE>
<PAGE> 408
<TABLE>
<S> <C>
Emro Propane Internal Audit Reports
Marathon Internal Audit Reports and Year End Analytical Review 92/93
Capital Expenditures 1/94-5/94
White Goods Vendor Purchases for each of 3 years ending 12/31/92,93,94
Propane Invoices - Purchases March 1 - 31/94
LIFO Inventory Layer Report 5/94
Schedule of Sales to/Purchases for Related Parties 12/31/94
Sales Statistics for Current Heating Season 1/7/94 &
6/21/94
</TABLE>
<PAGE> 409
EXHIBIT 5.3
NECESSARY AUTHORIZATIONS - EMC
1. Those required under the Hart-Scott-Rodino Antitrust Improvements Act
of 1976.
<PAGE> 410
EXHIBIT 5.4
CONFLICTS - EMC
1. None.
<PAGE> 411
EXHIBIT 5.5
CLAIMS AND LITIGATION - EMC
1. None.
<PAGE> 412
EXHIBIT 6.3
NECESSARY AUTHORIZATIONS - MNGL
1. Those required under the Hart-Scott-Rodino Antitrust Improvements Act
of 1976.
<PAGE> 413
EXHIBIT 6.4
CONFLICTS - MNGL
1. None.
<PAGE> 414
EXHIBIT 6.5
CLAIMS AND LITIGATION - MNGL
1. None.
<PAGE> 415
EXHIBIT 7.4
NECESSARY AUTHORIZATIONS - MPI & MFI
1. Those required under the Hart-Scott-Rodino Antitrust Improvements Act
of 1976.
2. The following lease authorizations:
<TABLE>
<CAPTION>
Store Lease
No. Section Lessor
- ----- ------- ------
<S> <C> <C>
6102 16.1 B.W. Simpkins, as Trustee u/t/a Dated October 4, 1976, restated September 9, 1983, and known as
the "B.W. Simpkins Trust" (the "Simpkins Trust"); and F.F. Sheriff, as Trustee u/t/a Dated August
2, 1976, restated September 9, 1983, and known as the "F.A. Sheriff Trust"
(the "Sheriff Trust").*
*The same for store nos. 6115, 6116, 6117 A&B, 6118, 6148, 6149, 6150, 6151, 6154, 6156, 6157, 6158, 6159, 6160, 6162, 6170, 6177,
6209, 6210 and 6211
6109 16.1 Simpkins Trust as tenant in common with Janet Simpkins Fletcher, as Trustee and Jill Simpkins
Hunter, as Trustee.
6120 & 6121 16.1 S & S Petroleum, Inc.
6144 & 6145 19 Raven Parc, Inc.
6403 14 Colonial Industries and Murray Financial Group, Inc.
6404 24 Anchor Investment Corporation of Fla.
6405 18 PMAG Partnership
6406 10 Anchor Investment Corporation of Fla.
6414 18 The Swain Company, Inc.
</TABLE>
3. NCR Third Party Maintenance Agreement dated on
or about March 4, 1991, between MAPCO Petroleum Inc. and NCR Corporation.
Peoples Pay Telephone Agreement dated March 17,
1993, between Peoples Telephone Company Inc. and MAPCO Petroleum Inc., as
amended by Amendment to Pay Telephone Agreement dated May 27, 1994, between
MAPCO Petroleum Inc. and Peoples Pay Telephone Inc.
<PAGE> 416
EXHIBIT 7.5
CONFLICTS - MPI & MFI
1. None.
<PAGE> 417
EXHIBIT 7.7
ABSENCE OF CHANGES - MPI & MFI
1. None.
<PAGE> 418
EXHIBIT 7.8
CLAIMS AND LITIGATION - MPI & MFI
I. Litigation
1. Iaizzi v. MAPCO PETROLEUM Inc., et al., U.S.D.C. Middle
District of Florida, Orlando Division, Case No. 93-993-CIV-
ORL-19
2. Haynie v. MAPCO PETROLEUM Inc., Circuit Court of the 19th
Judicial Circuit, in and for St. Lucie, Florida
II. Workers' Compensation claims for the following employees or former
employees
Ray V. Burney
Pamela Cavender
Diane Cline
Herbert Dutour
Quincy Henson
Kenneth S. Jagan
Barbara Lovelace
Deborah Morris
Monty Spivey
Arlene Trawich
Athena Vierbickas
G. Brown
T. Kontogiannis
P. Miles
C. Veil
W. Iaizzi
R. Ridgely
F. William
S. Prince
III. Condemnations shown on Exhibit 7.12
<PAGE> 419
EXHIBIT 7.9
TAXES AND ASSESSMENTS - MPI & MFI
1. Florida Sales and Use Tax Audit: MAPCO Florida Inc. has received a
"Notice of Intent to Make Audit Changes" for the periods of February
1987 through January 1992 of sales and use taxes impose under Chapter
212, Florida Statutes. The amount of additional tax proposed is
$280,006.19 which is currently under review and negotiation. MAPCO
Florida Inc. is ultimately liable to the State of Florida for any tax,
penalty and interest ultimately deemed to be owed at the conclusion of
this audit of the above periods.
<PAGE> 420
EXHIBIT 7.13
CONDEMNATIONS - STATIONS
Proposed Condemnations
Store No. 6118 1210 Malabar Road, S.E., Palm Bay, Florida
Store No. 6150 3981 Lake Worth Road, Lake Worth, Florida
Store No. 6177 2490 PGA Blvd., Palm Beach Garden, Florida
Pending Condemnations
Store No. 6149 471 SW Port St. Lucie Blvd., Port St. Lucie, Florida,
State of Florida Department of Transportation v. Yoon
Kap Kwon, et al., Circuit Court of the Nineteenth
Judicial Circuit in and for St. Lucie County,
Florida, Case No. 93-737 CA 30.
MPI and MFI are not aware of any special assessments for public
improvements which have not been threatened or imposed since July 1, 1994.
Assessments prior to that date are as relected in information previously made
available to EMC.
<PAGE> 421
EXHIBIT 7.16
CONTRACT EXCEPTIONS - STATIONS
1. None.
<PAGE> 422
EXHIBIT 7.17
COMPLIANCE ISSUES
<TABLE>
<S> <C> <C>
6104: 17-761.720 (1) Failure to maintain inventory
17-761.730 (1)-(4) records 7-92
6109: 17-761 F.A.C.
6117: 17-761.400 update registration
6118: 17-761.710 (1)(a) Failure to maintain inventory
17-761.700 (1) records 2-94
6120: 17-761.510 (3) Upgrade dispensers with
17-761.500 (6) dispenser liners (work under
contract) 6-1-93,4-13-94
6143: 17-761.720 (1) Failure to maintain inventory
records 7-93
6144: 17-761.400 Failure to properly register storage tanks
17-761.710 (1) Failure to maintain inventory records
17-761.720 (1)
17-761.600 Failure of release detection system to meet general standards
17-761.800 (2)(a) Failure to close storage tank system 7-92
6145: 17-761.710 (1)(a) Failure to maintain inventory
17-761.710 (1)(b) records 7-92
17-761.720 (1)
17-761.720 (1)(d)
6148: 17-761.720 (1) Failure to maintain inventory records 7-92
6150: 17-761.730 Failure of cathodic protection system (inspection log not available to inspector)
11-92
6151: 17-761.600 (5) Failure of release detection system to meet general standards 5-92
6154: Update registration 5-92
6157: 17-761.720 Failure to maintain inventory records 10-93
17-761.600 Failure of release detection system to meet general standards (dry monitoring well
Installed prior to 1990 therefore meets leak detection requirements) 10-93 and 3-93
6157: 17-761.720 Failure to maintain inventory records. 10-93
6158: 17-761.450 (3) Failure to provide proof of financial responsibility 5-93
17-761.500 (5)(b) Failure to meet upgrade requirements 5-93, 6-94 (station
17-761.510 upgrade fourth quarter of 1993)
17-761.500 (6)
17-761.510 (6)
17-761.710 (1) Failure to maintain inventory records 6-94)
17-761.730 (2) Failure to properly test cathodic protection system (6-94)
</TABLE>
<PAGE> 423
<TABLE>
<S> <C>
6159: 17-761.710 (1) Failure to maintain Inventory records (6-94)
6160: 17-761.730 (1)(3)(4) Failure to provide documentation that Impressed current system
is providing continuous protection 12-92
17-761.600 Failure to provide release detection 12-92
17-761.610
6177: 17-761.710 (1) Failure to maintain inventory records 1-94
17-761.820 (2) Failure to contain, remove, or abate discharge of a regulated
substance (surface runoff contaminating well, corrected 12-92
17-761.720 (2) Failure to perform loss/gain investigation 12-92
17-761.640 (1) Failure to property construct and maintain monitoring well
(corrected) 1-94
17-761.730 (4) Failure to maintain records testing cathodic protection
(system has been tested)1-94
6209: 17-731.710 Failure to provide records upon Inspection 5-92
6210: 17-761.600 Monitoring well #3 has free phase 12-93
17-761.640
6403: 17-761.720 (1) Failure to maintain inventory records 12-93
6405: 17-761.450 (3) Failure to provide financial responsibility 10-93
6405: 17-761.720 (1) Failure to complete inventory reconciliation 10-93
17-761 Repair leaking dispensers (completed) 10-93
6406: 17-761.450 (3) Failure to provide financial responsibility 10-93
17-761.730 (1)-(4) Failure to provide continuous corrosion protection 10-93
Tighten white fill pipe as it is loose. 10-93
6411: 17-761.450 (3) Failure to provide financial responsibility 10-93
17-761.710 (1) Failure to maintain records for two years or make available
10-93
17-761.720 (1)
17-761.640 (1) Failure to meet leak detection requirements 10-93
Red and white fill pipes need new caps or the caps need to be
made tight filling. 10-93
6412: 17-761.450 (3) Failure to provide financial responsibility 10-93
White fill pipe caps need repairing or replacing 10-93
6413: 17-761.450 (3) Failure to provide financial responsibility 5-94
17.761.720 (1) Failure to maintain records (no evidence of sticking for
water) 8-92
Failure to maintain inventory records 10-93
1008: NPDES N. TN 0068080 Various exceedences of discharge requirements
NOV 1- 4-6-94; 2- 4-27-94 (see monthly discharge monitoring reports)
</TABLE>
There are suspected or confirmed releases of Petroleum at all Stations except
as shown on EXHIBIT 14.2.1.
2
<PAGE> 424
EXHIBIT 7.17
(Continued)
As of August 28, 1994 to MPI's and MFI's knowledge, the above cited
violations have been resolved. However, during the week of August 21, 1994 the
Florida Department of Environmental Compliance conducted spot audits at various
Stations in Brevard and Polk Counties, Florida. Although not yet received, MPI
and MFI anticipates that they may receive some notices of violation,
predominately relating to record keeping.
<PAGE> 425
EXHIBIT 7.18
FINANCIAL INFORMATION - MPI & MFI
December 1992 - 1993 Profit and Loss Statements / 1993 Account Balance Analysis
April 1993 - 1994 Profit and Loss Statements / 1994 Account Balance Analysis
May 1993 - 1994 Profit and Loss Statements / 1994 Account Balance Analysis
Local Option Tax Returns - December 1993 and April 1994
Vendor Listings
December 1993 Excise Tax Returns (Supporting schedules only)
April 1994 Excise Tax Returns (Supporting schedules only)
License and Permits
Agreements / Contracts / Equipment Leases
May 1994 Detailed Property Listings, by Location
May 1994 Fuel and Merchandise Inventory Listing, by Location
1993 Property Tax Returns
Complete Account Listing and On-Line General Ledger Access
Complete Property Files, by Location, and Supporting Documentation
April 1994 General Ledger Journal Entries
Complete Environmental Files, by Location, and Supporting Documentation
March 1993 - 1994 Profit and Loss Statements (Florida Only)
Lease Payment Schedules and Complete Lessor Listing, by Location
Property Listing (6/24/94) - Store Control Equipment and Security Equipment
1993 Real Estate Taxes on Closed Locations
Capital Transfer Agreement - MPI and MFI
Property Purchase Clause - S&S Enterprises Acquisition Agreement
Plan documents and Summary Plan Descriptions for all benefit plans for MAPCO
employees in Florida
List of active employees including job title, rate of pay, work location,
original date of hire, last date of hire, date of birth, date used for vesting,
and date used for participation purposes in qualified plans, as well as
member's benefit plan participation status in applicable qualified and welfare
plans
December 1993 and April 1994 Sales and Use Tax Returns
December 1993 and April 1994 Accounts Payable
<PAGE> 426
EXHIBIT 14.1.1
CONTAMINATED LAND LOCATIONS
<TABLE>
<CAPTION>
Address Environmental
Branch No. City, State Status
---------- ----------- -------------
<S> <C> <C>
1 3306 Lapeer Road Assessment/
Flint, MI Closure
2 7038 Westside Saginaw Rd. No Further
Bay City, MI Action
3 3101 W. Houghton Lake Drive No Further
Houghton Lake, MI Action
5 Junction M-81 & M-53 Assessment
Cass City, MI
6 525 S. I-75 Business Loop No Further
Grayling, MI Action
7 3223 U.S. South Closure
Alpena, MI
8 2147 I-75 Business Loop Closure
West Branch, MI
9 10029 30th Avenue (M-66) Closure
Remus, MI
10 961 N. Van Dyke Road Assessment/
Bad Axe, MI Corrective
Action Plan
11 6021 E. Pere Marquette Rd. Closure
Clare, MI
12 51897 N. Gratiot CAP/Closure
Chesterfield, MI
(Previously New Baltimore)
14 3950 Ann Arbor Road Assessment
Jackson, MI
16 5541 Lapeer Street Closure
Kimball, MI
(Previously Port Huron)
18 645 E. Highland Road (M-59) No Further
Howell MI Action
20 8290 Silver Lake Road Closure
Linden, MI
</TABLE>
<PAGE> 427
<TABLE>
<CAPTION>
Address Environmental
Branch No. City, State Status
---------- ----------- -------------
<S> <C> <C>
25 2628 N. US-131 NE No Further
Kalkaska, MI Action
26 M-33 No Further
Atlanta, MI Action
27 401 N. Straits Hwy. (M-27) No Further
Indian River, MI Action
30 13021 Michigan Avenue No Further
Marshall, MI Action
41 1875 E. State No Further
Fremont, OH Action
48 8348 Providence-Neapolis N/A
Swanton Road
Neapolis, OH
65 120 W. Mac Avenue No Further
Olney, IL Action
66 U.S. 421 S-County Rd 550 S No Further
Francisville, IN Action
68(a) 120 Osmer N/A
Lucerne, IN
</TABLE>
<PAGE> 428
EXHIBIT 14.1.2
ASSESSMENT PROCEDURES
PURPOSE: The purpose of this exhibit is to augment and amplify the Phase I and
Phase II requirements set forth in the text of the Agreement. To the maximum
extent possible, EPC, EMC, MNGL, MPI, and MFI and their respective consultants
are to work together in an expeditious, cost effective, professional manner to
properly assess the environmental conditions of the Land and the Stations. The
parties will utilize standard industry practices, those practices that may be
legally required, and their best professional judgment in conducting the
assessments.
ASTM STANDARDS: The parties recognize the ASTM Standards on Environmental Site
Assessments for Commercial Real Estate, particularly ASTM Standard E 1527-93
"Standard Practice for Environmental Site Assessments: Phase I Environmental
Site Assessment Process" as providing the framework for the Phase I assessments
of the Land and the Stations. The environmental representatives of the
parties, along with their respective environmental consultants, will work
together to ensure that all necessary aspects of the ASTM Standards are
incorporated into the Phase I assessments of the Land and the Stations.
PHASE I ASSESSMENTS: In addition to the ASTM Standards, the following concepts
will be incorporated into the Phase I assessments of the Land and the Stations:
1. A review of the applicable federal, state, and local governmental
documentation pertaining to the real property at the Land and the Stations;
2. A review of the applicable federal, state, and local governmental
documentation pertaining to the real property adjacent to or in the vicinity of
the Land and the Stations that may pose a source of offsite contamination to
the Land and the Stations;
3. A review of the operations conducted at the real property identified in 1
and 2 above. This review should specifically include the review of any
environmental operating, treatment, storage, or disposal permits for any media;
4. A review of the past uses of the real property identified in 1 and 2 above;
and
5. A review of any current environmental remediation at the Land and the
Stations.
PHASE II ASSESSMENTS: The primary purpose of the Phase II assessment will be
to adequately define the lateral and vertical extent of any Hydrocarbon and
Hazardous Materials in the soil and the groundwater at the Land and the
Stations. The Phase II assessment requirements will be tailored for each
individual piece of real property comprising the Land and the Stations after a
review by the parties of the results of the Phase I assessments for the
properties. The environmental representatives for the parties and their
respective environmental consultants will work together to determine what Phase
II assessment work needs to be done for a particular piece of real property at
the Land and the Stations. The parties may rely on assessment and remediation
work done to date by any of the parties or their agents at a particular piece
of real property in determining what further Phase II assessment work needs to
be done.
The following concepts will be included in the Phase II assessments:
1. The taking of soil samples, the drilling of groundwater test wells, and the
installation of groundwater monitoring wells (if indicated) in those areas
identified by the parties as needing investigation for Hydrocarbon and/or
Hazardous Materials;
<PAGE> 429
2. The investigation of all current and former underground storage tank
batteries on the Land and the Stations, unless said batteries have been
previously investigated to the satisfaction of the parties;
3. The utilization of certified laboratories for all samples; and
4. The sampling and testing of all class V injection wells.
<PAGE> 430
EXHIBIT 14.2.1
NON-CONTAMINATED STATIONS
1. Hydrocarbon contamination exists at each Station except for the
following:
6114 3000 Sarno Rd. Melbourne
6409 Pipkin Rd/Lunn Rd Lakeland
6410 Griffin/Kathleen Lakeland
<PAGE> 431
EXHIBIT 15.1
GOVERNMENT APPROVALS
1. Those required under the Hart-Scott-Rodino Antitrust Improvement Act
of 1976.
<PAGE> 432
EXHIBIT 16.3
CERTIFICATE - MNGL
This certificate is made and delivered as of _________, 1994, pursuant
to Section 16.3 of the Agreement dated as of August 3, 1994, between Emro
Propane Company ("EPC"), Emro Marketing Company ("EMC") and MAPCO Natural Gas
Liquids Inc. ("MNGL"), MAPCO Petroleum Inc. ("MPI") and MAPCO Florida Inc.
("MFI"), and with Thermogas Company ("TGAS") as the permitted assign of MNGL.
MNGL certifies to EPC that: (1) MNGL has complied with each of MNGL's
obligations and covenants contained in the Agreement requiring performance at
or prior to the Closing Date except as otherwise mutually agreed by the
parties; and (2) all of the representations and warranties made by MNGL in the
Agreement are true and correct in all respects as though such representations
and warranties were made this _________, 1994.
This certification is factual in nature and is not to be considered or
construed to be a legal opinion. This certification is given in connection
with requirements of the Agreement and may not be used or relied upon by anyone
other than MNGL and EPC in connection therewith.
MAPCO Natural Gas Liquids Inc.,
a Delaware corporation
By:________________________________
___________________________________
Its:_______________________________
<PAGE> 433
EXHIBIT 16.4
LEGAL OPINION, COUNSEL FOR MNGL
_____________, 1994
Emro Propane Company
500 Speedway Dr.
Enon, OH 45323
Gentlemen:
I have acted as counsel to MAPCO Natural Gas Liquids Inc., a Delaware
corporation ("MNGL"), and have been requested to provide you with the opinion
called for by Section 16.4 of the Purchase and Sale Agreement dated as of
_____________, 1994 (the "Agreement"), by and between Emro Propane Company
("EPC"), Emro Marketing Company ("EMC") and MNGL, MAPCO Petroleum Inc. ("MPI"),
and MAPCO Florida Inc. ("MFI"). Capitalized terms used herein without
definition have the respective meanings set forth in the Agreement.
I have examined and relied upon the original, or copies of certified or
otherwise identified to my satisfaction, of the Agreement, and all other
agreements, instruments and certificates executed and delivered in connection
with the consummation of the transactions contemplated thereunder. I have also
reviewed and relied upon certificates of officers of MNGL as to factual
matters, certificates of public officials, and such other instruments,
documents and agreements as I have deemed necessary as a basis for the opinions
expressed below. In such examination, I have assumed (a) as to questions of
fact, the accuracy of all representations and certifications of MNGL set forth
in the Agreement, or in any other instrument, agreement or certificate issued
or delivered by them in connection therewith or in connection with the issuance
of this opinion, (b) the genuineness of all signatures, the authenticity of all
documents submitted to me as originals, and the conformity with the originals
of all documents submitted to me as copies, and (c) the due authorization,
execution and delivery of the Agreement and any other instrument, agreement or
certificate issued or delivered in connection therewith, by EPC and EMC.
The opinions expressed below are subject to the qualifications that enforcement
of any agreement or instrument referred to herein may be subject to, or limited
by (i) the effect of insolvency, bankruptcy, reorganization and other laws
affecting generally the enforcement of creditors' rights, and (ii) the
availability of injunctive relief, specific performance and other equitable
remedies.
Based on and subject to the foregoing, I am of the opinion that:
1. MNGL is a corporation duly organized, validly existing and in
good standing under the laws of the State of Delaware, and is duly qualified to
do business in all jurisdictions in which the ownership of its properties or
the nature of its activities makes such qualification necessary, and where the
failure to be so qualified could be expected to have a material adverse effect
on MNGL's ability to complete the transaction contemplated in the Agreement.
2. No provisions of the MNGL's Articles of Incorporation and any
amendments thereto, by-laws and any amendments thereto, minutes or share
certificates, or of any contracts of which I have knowledge to which MNGL is a
party or by which it is otherwise bound prevents MNGL from complying with its
obligations under the Agreement.
3. No approval, authorization, consent or other order or action
of or filing or registration with any court, administrative agency or other
governmental authority, other than that previously obtained in connection with
the Hart-Scott-Rodino Antitrust Improvements Act of 1976, is required by or
with respect to MNGL for the Closing of the Agreement and delivery of the
instruments required thereby by MNGL.
4. MNGL has full corporate power and authority to enter into the
Agreement and to consummate the transaction contemplated thereby. The
execution of the Agreement and all of the instruments executed by MNGL and
delivered to EPC on the Closing Date are duly authorized acts of MNGL,
constitute valid and binding obligations of MNGL in accordance with their
terms.
5. The execution, delivery and performance of the Agreement and
the other instruments and agreements delivered at the Closing by MNGL do not
violate any law and do not conflict with or result in a breach of or constitute
a default (or an event which with the giving of notice, or lapse of time, or
both would become a default) under or pursuant to the Articles of Incorporation
or by-laws of MNGL or any material indenture, mortgage, lease, contract,
agreement or other instrument of which I have knowledge to which MNGL is a
party or by which it may be bound or affected.
The foregoing opinion is delivered solely to you, and only you shall be
entitled to rely thereon.
Very truly yours,
Royse M Parr
Attorney for MAPCO Natural Gas Liquids Inc.
<PAGE> 434
EXHIBIT 17.3
CERTIFICATE - MPI & MFI
This certificate is made and delivered as of _________, 1994, pursuant
to Section 17.3 of the Agreement dated as of August 3, 1994, between Emro
Propane Company ("EPC"), Emro Marketing Company ("EMC") and MAPCO Natural Gas
Liquids Inc. ("MNGL"), MAPCO Petroleum Inc. ("MPI") and MAPCO Florida Inc.
("MFI").
MPI and MFI certify to EMC that: (1) MPI and MFI have complied with
each of their obligations and covenants contained in the Agreement requiring
performance at or prior to the Closing Date except as otherwise mutually agreed
by the parties; and (2) all of the representations and warranties made by MPI
and MFI in the Agreement are true and correct in all respects as though such
representations and warranties were made this _________, 1994.
This certification is factual in nature and is not to be considered or
construed to be a legal opinion. This certification is given in connection
with requirements of the Agreement and may not be used or relied upon by anyone
other than MPI, MFI and EMC in connection therewith.
MAPCO Petroleum Inc.,
a Delaware corporation
By:________________________________
________________________________
Its:_______________________________
MAPCO Florida Inc.,
a Delaware corporation
By:________________________________
________________________________
Its:_______________________________
<PAGE> 435
EXHIBIT 17.4
LEGAL OPINION, COUNSEL FOR MPI & MFI
_____________, 1994
Emro Marketing Company
500 Speedway Dr.
Enon, OH 45323
Gentlemen:
I have acted as counsel to MAPCO Petroleum Inc. ("MPI") and MAPCO Florida Inc.
("MFI")., Delaware corporations, and have been requested to provide you with
the opinion called for by Section 17.4 of the Purchase and Sale Agreement dated
as of August 3, 1994 (the "Agreement"), by and between Emro Propane Company
("EPC"), Emro Marketing Company ("EMC") and MAPCO Natural Gas Liquids Inc.
("MNGL"), MPI and MFI. Capitalized terms used herein without definition have
the respective meanings set forth in the Agreement.
I have examined and relied upon the original, or copies of certified or
otherwise identified to my satisfaction, of the Agreement, and all other
agreements, instruments and certificates executed and delivered in connection
with the consummation of the transactions contemplated thereunder. I have also
reviewed and relied upon certificates of officers of MPI and MFI as to factual
matters, certificates of public officials, and such other instruments,
documents and agreements as I have deemed necessary as a basis for the opinions
expressed below. In such examination, I have assumed (a) as to questions of
fact, the accuracy of all representations and certifications of MPI and MFI set
forth in the Agreement, or in any other instrument, agreement or certificate
issued or delivered by them in connection therewith or in connection with the
issuance of this opinion, (b) the genuineness of all signatures, the
authenticity of all documents submitted to me as originals, and the conformity
with the originals of all documents submitted to me as copies, and (c) the due
authorization, execution and delivery of the Agreement and any other
instrument, agreement or certificate issued or delivered in connection
therewith, by EPC and EMC.
The opinions expressed below are subject to the qualifications that enforcement
of any agreement or instrument referred to herein may be subject to, or limited
by (i) the effect of insolvency, bankruptcy, reorganization and other laws
affecting generally the enforcement of creditors' rights, and (ii) the
availability of injunctive relief, specific performance and other equitable
remedies.
Based on and subject to the foregoing, I am of the opinion that:
1. MPI and MFI are corporations duly organized, validly existing
and in good standing under the laws of the State of Delaware, have the
corporate power to own or lease their properties and assets and to carry on the
operation of the Motor Fuel Assets as now being conducted, and is duly
qualified as a foreign corporation and in good standing in all states in which
ownership or possession of its properties or the nature of its activities in
connection with the Motor Fuel Assets requires such qualification, except where
the failure to do so qualify would not have a material adverse effect on the
Motor Fuel Assets.
2. No provisions of MPI's or MFI's Articles of Incorporation and
any amendments thereto, by-laws and any amendments thereto, minutes or share
certificates, or of any contracts of which I have knowledge to which MPI or MFI
is a party or by which they are otherwise bound prevents MPI and MFI from
complying with its obligations under the Agreement.
<PAGE> 436
3. No approval, authorization, consent or other order or action
of or filing or registration with any court, administrative agency or other
governmental authority, other than that previously obtained in connection with
the Hart-Scott-Rodino Antitrust Improvements Act of 1976, is required by or
with respect to MPI or MFI for the Closing of the Agreement and delivery of the
instruments required thereby by MPI and MFI.
4. MPI and MFI have full corporate power and authority to enter
into the Agreement and to consummate the transaction contemplated thereby. The
execution of the Agreement and all of the instruments executed by MPI or MFI
and delivered to EMC on the Closing Date are duly authorized acts of MPI or
MFI, constitute valid and binding obligations of MPI or MFI in accordance with
their terms, and are effective to vest in EMC all of the rights, title and
interest of MPI and MFI in the Motor Fuel Assets and contract and liabilities
to be conveyed by MPI or MFI hereby.
5. The execution, delivery and performance of the Agreement and
the other instruments and agreements delivered at the Closing by MPI and MFI do
not violate any law and do not conflict with or result in a breach of or
constitute a default (or an event which with the giving of notice, or lapse of
time, or both would become a default) under or pursuant to the Articles of
Incorporation or by-laws of MPI or MFI or any material indenture, mortgage,
lease, contract, agreement or other instrument of which I have knowledge to
which MPI or MFI is a party or by which it may be bound or affected.
The foregoing opinion is delivered solely to you, and only you shall be
entitled to rely thereon.
Very truly yours,
Linn Patterson
Attorney for MAPCO Petroleum Inc.
and MAPCO Florida Inc.
<PAGE> 437
EXHIBIT 18.3
CERTIFICATE - EPC
This certificate is made and delivered as of _________, 1994, pursuant
to Section 18.3 of the Agreement dated as of ________, 1994, between Emro
Propane Company ("EPC"), Emro Marketing Company ("EMC") and MAPCO Natural Gas
Liquids Inc. ("MNGL"), MAPCO Petroleum Inc. ("MPI") and MAPCO Florida Inc.
("MFI"), and with Thermogas Company ("TGAS") as the permitted assign of MNGL.
EPC certifies to MNGL that: (1) EPC has complied with each of EPC's
obligations and covenants contained in the Agreement requiring performance at
or prior to the Closing Date except as otherwise mutually agreed by the
parties; and (2) all of the representations and warranties made by EPC in the
Agreement are true and correct in all respects as though such representations
and warranties were made this _________, 1994.
This certification is factual in nature and is not to be considered or
construed to be a legal opinion. This certification is given in connection
with requirements of the Agreement and may not be used or relied upon by anyone
other than EPC and MNGL in connection therewith.
Emro Propane Company,
a Michigan corporation
By:________________________________
___________________________________
Its:_______________________________
<PAGE> 438
EXHIBIT 18.4
LEGAL OPINION, COUNSEL FOR EPC & EMC
_____________, 1994
MAPCO Natural Gas Liquids Inc.
MAPCO Petroleum Inc.
MAPCO Florida Inc.
1800 South Baltimore St.
Tulsa, OK 74101
Gentlemen:
I have acted as counsel to Emro Propane Company, a Michigan corporation
("EPC"), and to Emro Marketing Company, an Ohio corporation ("EMC"), and have
been requested to provide you with the opinion called for by Sections 18.4 and
19.4 of the Purchase and Sale Agreement dated as of _____________, 1994 (the
"Agreement"), by and between EPC, EMC and MAPCO Natural Gas Liquids Inc.
("MNGL"), MAPCO Petroleum Inc. ("MPI"), and MAPCO Florida Inc. ("MFI"), and
with Thermogas Company ("TGAS") as the permitted assign of MNGL. Capitalized
terms used herein without definition have the respective meanings set forth in
the Agreement.
I have examined and relied upon the original, or copies of certified or
otherwise identified to my satisfaction, of the Agreement, and all other
agreements, instruments and certificates executed and delivered in connection
with the consummation of the transactions contemplated thereunder. I have also
reviewed and relied upon certificates of officers of EPC and EMC as to factual
matters, certificates of public officials, and such other instruments,
documents and agreements as I have deemed necessary as a basis for the opinions
expressed below. In such examination, I have assumed (a) as to questions of
fact, the accuracy of all representations and certifications of the EPC and EMC
set forth in the Agreement, or in any other instrument, agreement or
certificate issued or delivered by them in connection therewith or in
connection with the issuance of this opinion, (b) the genuineness of all
signatures, the authenticity of all documents submitted to me as originals, and
the conformity with the originals of all documents submitted to me as copies,
and (c) the due authorization, execution and delivery of the Agreement and any
other instrument, agreement or certificate issued or delivered in connection
therewith, by MNGL, TGAS, MPI and MFI.
The opinions expressed below are subject to the qualifications that enforcement
of any agreement or instrument referred to herein may be subject to, or limited
by (i) the effect of insolvency, bankruptcy, reorganization and other laws
affecting generally the enforcement of creditors' rights, and (ii) the
availability of
<PAGE> 439
injunctive relief, specific performance and other equitable remedies.
Based on and subject to the foregoing, I am of the opinion that:
1. EPC is a corporation duly organized, validly existing and in
good standing under the laws of the State of Michigan, has the corporate power
to own or lease its properties and assets and to carry on the Business as now
being conducted, and is duly qualified as a foreign corporation and in good
standing in all states in which ownership or possession of its properties or
the nature of its activities in connection with the Business requires such
qualification, except where the failure to do so qualify would not have a
material adverse effect on the Business.
2. No provisions of EPC's Articles of Incorporation and any
amendments thereto, by-laws and any amendments thereto, minutes or share
certificates, or of any contracts of which I have knowledge to which EPC is a
party or by which it is otherwise bound prevents EPC from complying with its
obligations under the Agreement.
3. EMC is a corporation duly organized, validly existing and in
good standing under the laws of the State of Delaware, and is duly qualified to
do business in all jurisdictions in which the ownership of its properties or
the nature of its activities makes such qualification necessary, and where the
failure to be so qualified could be expected to have a material adverse effect
on EMC's ability to complete the transaction contemplated in the Agreement.
4. No provisions of the EMC's Articles of Incorporation and any
amendments thereto, by-laws and any amendments thereto, minutes or share
certificates, or of any contracts of which I have knowledge to which EMC is a
party or by which it is otherwise bound prevents EMC from complying with its
obligations under the Agreement.
5. No approval, authorization, consent or other order or action
of or filing or registration with any court, administrative agency or other
governmental authority, other than that previously obtained in connection with
the Hart-Scott-Rodino Antitrust Improvements Act of 1976, is required by or
with respect to EPC or EMC for the Closing of the Agreement and delivery of the
instruments required thereby by EPC or EMC.
6. EPC has full corporate power and authority to enter into the
Agreement and to consummate the transaction contemplated thereby. The
execution of the Agreement and all of the instruments executed by EPC and
delivered to TGAS on the Closing Date are duly authorized acts of EPC,
constitute valid and binding obligations of EPC in accordance with their terms,
and are effective to vest in TGAS all of the rights, title and interest of EPC
in the Assets and Assumed Liabilities to be conveyed by EPC hereby.
<PAGE> 440
7. EMC has full corporate power and authority to enter into the
Agreement and to consummate the transaction contemplated thereby. The
execution of the Agreement and all of the instruments executed by EMC and
delivered to MPI or MFI on the Closing Date are duly authorized acts of EMC,
constitute valid and binding obligations of EMC in accordance with their terms.
8. The execution, delivery and performance of the Agreement and
the other instruments and agreements delivered at the Closing by EPC and EMC do
not violate any law and do not conflict with or result in a breach of or
constitute a default (or an event which with the giving of notice, or lapse of
time, or both would become a default) under or pursuant to the Articles of
Incorporation or by-laws of EPC or EMC or any material indenture, mortgage,
lease, contract, agreement or other instrument of which I have knowledge to
which EPC or EMC is a party or by which it may be bound or affected, or result
in the creation of a lien or encumbrance on any of the property of assets of
EPC.
The foregoing opinion is delivered solely to you, and only you shall be
entitled to rely thereon.
Very truly yours,
Jeffrey L. Benson
Attorney for Emro Propane Company
and Emro Marketing Company
<PAGE> 441
EXHIBIT 19.3
CERTIFICATE - EMC
This certificate is made and delivered as of _________, 1994, pursuant
to Section 19.3 of the Agreement dated as of ________, 1994, between Emro
Propane Company ("EPC"), Emro Marketing Company ("EMC") and MAPCO Natural Gas
Liquids Inc. ("MNGL"), MAPCO Petroleum Inc. ("MPI") and MAPCO Florida Inc.
("MFI"), and with Thermogas Company ("TGAS") as the permitted assign of MNGL.
EMC certifies to MPI and MFI that: (1) EMC has complied with each of
EMC's obligations and covenants contained in the Agreement requiring
performance at or prior to the Closing Date except as otherwise mutually agreed
by the parties; and (2) all of the representations and warranties made by EMC
in the Agreement are true and correct in all respects as though such
representations and warranties were made this _________, 1994.
This certification is factual in nature and is not to be considered or
construed to be a legal opinion. This certification is given in connection
with requirements of the Agreement and may not be used or relied upon by anyone
other than EMC and MPI and MFI in connection therewith.
Emro Marketing Company,
a Delaware corporation
By:________________________________
___________________________________
Its:_______________________________
<PAGE> 442
ILLINOIS
EXHIBIT 20.2(a)
Site:
T&C No.:
LIMITED WARRANTY DEED
KNOW ALL MEN BY THESE PRESENTS, that EMRO PROPANE COMPANY, formerly
known as Fuelgas Company, Inc., successor by merger with Bonded Propane
Company, a Michigan corporation, whose address is c/o Property Tax Records, 539
South Main Street, Findlay, Ohio 45840, GRANTOR, for the consideration of Ten
and No/100 Dollars ($10.00), received to its full satisfaction of Thermogas
Company, a Delaware corporation, whose TAX MAILING ADDRESS will be 1800 South
Baltimore Avenue, Tulsa, OK 74119, GRANTEE, does grant, bargain and sell unto
said GRANTEE the real estate legally described in Exhibit A attached hereto and
incorporated herein.
Permanent Tax Number _________________________________
Subject to:
(a) liens for taxes or assessments not yet due;
(b) easements, rights-of-way, servitudes, permits, surface leases,
and other rights in respect of surface operations; deed conditions, covenants
or other restrictions; easements of streets, alleys, highways, pipelines,
telephone lines, power lines, railways, and other easements and rights-of-way,
on, over, or in respect of the property;
(c) rights reserved to or vested in any municipality or
governmental, statutory, or public authority to control or regulate the
property, in any manner, and all applicable laws, rules, and orders of
governmental authority.
AND THE GRANTOR does for itself, its successors and assigns covenant
with the said GRANTEE, it successors and assigns, the GRANTOR has not made,
done, executed, or suffered any act or thing whereby the above-described
premises or any part thereof now are or at any time hereafter shall or may be
imperiled, charged, or encumbered in any manner except as above stated; and the
title to the above-granted premises against all persons lawfully claiming the
same by, through or under the GRANTOR, said GRANTOR will forever warrant and
defend.
IN WITNESS WHEREOF, said corporation sets its hand this ___ day of
________________, 1994.
EMRO PROPANE COMPANY
By:_____________________________ (Seal)
Name Printed:__________________________
Title:_________________________________
Attest:_________________________ (Seal)
Name Printed:__________________________
Title:_________________________________
<PAGE> 443
STATE OF OHIO )
) SS.
COUNTY OF HANCOCK )
BEFORE ME, a Notary Public in and for said State of Ohio personally
appeared the above named Emro Propane Company, a Michigan corporation, by
____________________, its ___________________, and by ___________________, its
____________________, who acknowledged that they did sign the foregoing
instrument and that the same is the free act and deed of said corporation, and
the free act and deed of each of them personally and as such officers.
IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal,
at Findlay, Ohio, this _____ day of _________________, 1994.
________________________________________
Notary Public
My Commission Expires:
______________________________________
This Instrument
Prepared by:
Q. H. Wood
Attorney-at-Law
539 South Main Street
Findlay, Ohio 45840
______________________________________
AFTER RECORDING MAIL TO: ADDRESS OF PROPERTY
Thermogas Company _______________________________________
1800 South Baltimore Avenue _______________________________________
Tulsa, OK 74119
The Above Address Is For Statistical
Purposes Only And Is Not A Part Of This
Deed.
SEND SUBSEQUENT TAX BILLS TO:
Permanent Tax No. ___________________ _______________________________________
Name
_______________________________________
Address
<PAGE> 444
MICHIGAN
EXHIBIT 20.2(a)
Site:
T&C No.:
COVENANT DEED
KNOW ALL MEN BY THESE PRESENTS, that EMRO PROPANE COMPANY, formerly
known as Fuelgas Company, Inc., successor by merger with Bonded Propane
Company, a Michigan corporation, whose address is c/o Property Tax Records, 539
South Main Street, Findlay, Ohio 45840, GRANTOR, for the consideration of
______________________________________________________________________________,
received to its full satisfaction of Thermogas Company, a Delaware corporation,
whose TAX MAILING ADDRESS will be 1800 South Baltimore Avenue, Tulsa, OK 74119,
GRANTEE, does grant, bargain, sell, remise, release, alien and confirm unto said
GRANTEE, its successors and assigns forever, the real estate legally described
in Exhibit A attached hereto and incorporated herein.
Subject to:
(a) liens for taxes or assessments not yet due;
(b) easements, rights-of-way, servitudes, permits, surface leases,
and other rights in respect of surface operations; deed conditions, covenants
or other restrictions; easements of streets, alleys, highways, pipelines,
telephone lines, power lines, railways, and other easements and rights-of-way,
on, over, or in respect of the property;
(c) rights reserved to or vested in any municipality or
governmental, statutory, or public authority to control or regulate the
property, in any manner, and all applicable laws, rules, and orders of
governmental authority.
Together with all and singular the hereditaments and appurtenances
thereunto belonging or in anywise appertaining. TO HAVE AND TO HOLD the said
Premises unto Grantee and its assigns to the sole and only proper use, benefit
and behoof of Grantee and assigns, FOREVER, and Grantor covenants and agrees to
and with Grantee that Grantor has not heretofore done, committed, or wittingly
or willingly suffered to be done or committed, any act, matter or thing
whatsoever whereby the Premises hereby granted, or any part thereof, is, are or
shall be charged or encumbered in title, estate or otherwise.
The covenants herein shall be binding upon and inure to the benefit of
the respective successors and legal representatives of Grantors and Grantee.
IN WITNESS WHEREOF, said corporation sets its hand this ___ day of
________________, 1994.
Signed and acknowledged EMRO PROPANE COMPANY
in the presence of:
By:_____________________________ (Seal)
__________________________________ Name Printed:__________________________
Name Printed:_____________________ Title:_________________________________
__________________________________ Attest:_________________________ (Seal)
Name Printed:_____________________ Name Printed:__________________________
Title:_________________________________
<PAGE> 445
STATE OF OHIO )
) SS.
COUNTY OF HANCOCK )
On this ______________ day of _____________________, 1994, before me a
Notary Public within and for said County, personally appeared M. E. Mittleman
and ____________________________________ to me personally known, who, being
each by me duly sworn, did say that they are respectively the President and the
_____________ Secretary of Emro Propane Company the corporation named in the
foregoing instrument, and that said instrument was signed and sealed in behalf
of said corporation by authority of its Board of Directors and said M. E.
Mittleman, President, and _______________________________, Secretary,
acknowledged said instrument to be the free act and deed of said corporation.
_______________________________________
Notary Public, ___________ County, Ohio
My commission expires__________________
This Instrument
Prepared by:
Q. H. Wood
Attorney-at-Law
539 South Main Street
Findlay, Ohio 45840
___________________________________
AFTER RECORDING MAIL TO: SEND SUBSEQUENT TAX BILLS TO:
Thermogas Company _______________________________________
1800 South Baltimore Avenue Name
Tulsa, OK 74119 _______________________________________
Address
<PAGE> 446
INDIANA
EXHIBIT 20.2(a)
Site:
T&C No.:
LIMITED WARRANTY DEED
KNOW ALL MEN BY THESE PRESENTS, that EMRO PROPANE COMPANY, formerly
known as Fuelgas Company, Inc., successor by merger with Bonded Propane
Company, a Michigan corporation, whose address is c/o Property Tax Records, 539
South Main Street, Findlay, Ohio 45840, GRANTOR, for the consideration of Ten
and No/100 Dollars ($10.00), received to its full satisfaction of Thermogas
Company, a Delaware corporation, whose TAX MAILING ADDRESS will be 1800 South
Baltimore Avenue, Tulsa, OK 74119, GRANTEE, does grant, bargain and sell unto
said GRANTEE the real estate legally described in Exhibit A attached hereto and
incorporated herein.
Subject to:
(a) liens for taxes or assessments not yet due;
(b) easements, rights-of-way, servitudes, permits, surface leases,
and other rights in respect of surface operations; deed conditions, covenants
or other restrictions; easements of streets, alleys, highways, pipelines,
telephone lines, power lines, railways, and other easements and rights-of-way,
on, over, or in respect of the property;
(c) rights reserved to or vested in any municipality or
governmental, statutory, or public authority to control or regulate the
property, in any manner, and all applicable laws, rules, and orders of
governmental authority.
GRANTOR certifies under oath that no Indiana income tax is due or
payable at this time with regard to this transaction.
AND THE GRANTOR does for itself, its successors and assigns covenant
with the said GRANTEE, it successors and assigns, the GRANTOR has not made,
done, executed, or suffered any act or thing whereby the above-described
premises or any part thereof now are or at any time hereafter shall or may be
imperiled, charged, or encumbered in any manner except as above stated; and the
title to the above-granted premises against all persons lawfully claiming the
same by, through or under the GRANTOR, said GRANTOR will forever warrant and
defend.
IN WITNESS WHEREOF, said corporation sets its hand this ___ day of
________________, 1994.
EMRO PROPANE COMPANY
By:_____________________________ (Seal)
Name Printed:__________________________
Title:_________________________________
Attest:_________________________ (Seal)
Name Printed:__________________________
<PAGE> 447
Title:_________________________________
STATE OF OHIO )
) SS.
COUNTY OF HANCOCK )
BEFORE ME, a Notary Public in and for said State of Michigan
personally appeared the above named Emro Propane Company, a Michigan
corporation, by ____________________, its ___________________, and by
___________________, its ____________________, who acknowledged that they did
sign the foregoing instrument and that the same is the free act and deed of
said corporation, and the free act and deed of each of them personally and as
such officers.
IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal,
at Flint, Michigan, this _____ day of ________________ , 1994.
_______________________________________
Notary Public
My Commission Expires:
___________________________________
This Instrument
Prepared by:
Q. H. Wood
Attorney-at-Law
539 South Main Street
Findlay, Ohio 45840
___________________________________
AFTER RECORDING MAIL TO: SEND SUBSEQUENT TAX BILLS TO:
Thermogas Company _______________________________________
1800 South Baltimore Avenue Name
Tulsa, OK 74119 _______________________________________
Address
<PAGE> 448
OHIO
EXHIBIT 20.2(a)
Site:
T&C No.:
LIMITED WARRANTY DEED
KNOW ALL MEN BY THESE PRESENTS, that EMRO PROPANE COMPANY, formerly
known as Fuelgas Company, Inc., successor by merger with Bonded Propane
Company, a Michigan corporation, whose address is c/o Property Tax Records, 539
South Main Street, Findlay, Ohio 45840, GRANTOR, for the consideration of Ten
and No/100 Dollars ($10.00), received to its full satisfaction of Thermogas
Company, a Delaware corporation, whose TAX MAILING ADDRESS will be 1800 South
Baltimore Avenue, Tulsa, OK 74119, GRANTEE, does grant, bargain and sell unto
said GRANTEE the real estate legally described in Exhibit A attached hereto and
incorporated herein.
Subject to:
(a) liens for taxes or assessments not yet due;
(b) easements, rights-of-way, servitudes, permits, surface leases,
and other rights in respect of surface operations; deed conditions, covenants
or other restrictions; easements of streets, alleys, highways, pipelines,
telephone lines, power lines, railways, and other easements and rights-of-way,
on, over, or in respect of the property;
(c) rights reserved to or vested in any municipality or
governmental, statutory, or public authority to control or regulate the
property, in any manner, and all applicable laws, rules, and orders of
governmental authority.
AND THE GRANTOR does for itself, its successors and assigns covenant
with the said GRANTEE, it successors and assigns, the GRANTOR has not made,
done, executed, or suffered any act or thing whereby the above-described
premises or any part thereof now are or at any time hereafter shall or may be
imperiled, charged, or encumbered in any manner except as above stated; and the
title to the above-granted premises against all persons lawfully claiming the
same by, through or under the GRANTOR, said GRANTOR will forever warrant and
defend.
IN WITNESS WHEREOF, said corporation sets its hand this ___ day of
________________, 1994.
Signed and acknowledged EMRO PROPANE COMPANY
in the presence of:
_______________________________ By:_____________________________ (Seal)
Name Printed:__________________________
_______________________________ Title:_________________________________
Name Printed
_______________________________ Attest:_________________________ (Seal)
Name Printed:__________________________
_______________________________ Title:_________________________________
Name Printed
<PAGE> 449
STATE OF OHIO )
) SS.
COUNTY OF HANCOCK )
BEFORE ME, a Notary Public in and for said State of Michigan
personally appeared the above named Emro Propane Company, a Michigan
corporation, by ____________________, its ___________________, and by
___________________, its ____________________, who acknowledged that they did
sign the foregoing instrument and that the same is the free act and deed of
said corporation, and the free act and deed of each of them personally and as
such officers.
IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal,
at Findlay, Ohio, this _____ day of _________________, 1994.
_______________________________________
Notary Public
My Commission Expires:
__________________________________
This Instrument
Prepared by:
Q. H. Wood
Attorney-at-Law
539 South Main Street
Findlay, Ohio 45840
__________________________________
AFTER RECORDING MAIL TO: SEND SUBSEQUENT TAX BILLS TO:
Thermogas Company _______________________________________
1800 South Baltimore Avenue Name
Tulsa, OK 74119 _______________________________________
Address
<PAGE> 450
E.P. AS LESSOR
EXHIBIT 20.2(b)
ASSIGNMENT AND ASSUMPTION
FOR GOOD AND VALUABLE considerations, the receipt of which are hereby
acknowledged, EMRO PROPANE COMPANY, a Michigan corporation, ("ASSIGNOR"),
hereby transfers, conveys, and assigns to Thermogas Company, a Delaware
corporation, ("ASSIGNEE"), ASSIGNOR's entire right, title and interest,
including the full amount of any security deposit, under that certain lease
dated , between ASSIGNOR and , ("LESSEE") a copy of
which is attached hereto as Exhibit "A", and incorporated herein by reference.
Said lease contains the entire agreement between Lessor and Lessee and there
are no amendments thereto except as contained in Exhibit "A".
Assignor further represents and covenants that said lease is genuine
and in full force and effect; that it has good right to assign said lease; that
the interest hereby assigned is free and clear from all encumbrances except for
(a) liens for taxes or assessments not yet due; (b) easements, rights-of-way,
servitudes, permits, surface leases, and other rights in respect of surface
operations; deed conditions, covenants or other restrictions; easements of
streets, alleys, highways, pipelines, telephone lines, power lines, railways,
and other easements and rights-of-way, on, over, or in respect of the property;
(c) rights reserved to or vested in any municipality or governmental,
statutory, or public authority to control or regulate the property, in any
manner, under all applicable laws, rules, and orders of governmental authority;
that it has fully performed all the covenants and obligations on its part to be
performed and observed under said lease, and that it has not done or permitted,
any act or acts in violation of any of the covenants, provisions or terms
thereof; that here has been no default under the lease, the rent payments are
current and there has been no prepayment thereof; and all deposits required to
be paid to the Lessor under the lease were held by Assignor and are hereby
assigned.
ASSIGNEE hereby assumes all of ASSIGNOR's obligations under the lease
arising after the date hereof, and agrees to fully perform all the covenants,
stipulations, and agreements of the ASSIGNOR contained in the lease. Assignee
will hold Assignor harmless from any liability arising out of, or attributable
to, any act or failure to act by Assignee pursuant to any obligation under the
lease on or subsequent to the date hereof.
ASSIGNOR shall be responsible for any liability arising out of, or
attributable to, any act or failure to act by Assignor pursuant to any
obligation under the lease prior to the date hereof, and Assignor will hold
Assignee harmless from any such liability.
This assignment shall be binding upon and inure to the benefit of the
parties hereto, their successors and assigns.
Executed this day of , 1994.
Emro Propane Company
By:__________________________
Printed Name: M. E. Miffleman
As Its: PRESIDENT
<PAGE> 451
Thermogas Company
By:
Printed Name:
As Its:
STATE OF OHIO
COUNTY OF HANCOCK
THE FOREGOING INSTRUMENT was acknowledged before me this day of
, 1994, by M. E. Mittleman, as President of Emro Propane Company, a
Michigan corporation, on behalf of the corporation.
_____________________
Notary Public
My Commission Expires:
(Affix Notarial Seal)
STATE OF
COUNTY OF
THE FOREGOING INSTRUMENT was acknowledged before me this day of
, 1994, by , as of Thermogas Company, a
Delaware corporation, on behalf of the corporation.
_____________________
Notary Public
My Commission Expires:
(Affix Notarial Seal)
2 of 2
<PAGE> 452
Site: E.P. AS LESSEE
T&C No.:
ASSIGNMENT, ASSUMPTION AND CONSENT
FOR GOOD AND VALUABLE considerations, the receipt of which are hereby
acknowledged, EMRO PROPANE COMPANY, a Michigan corporation, ("ASSIGNOR"),
hereby transfers, conveys, and assigns to Thermogas Company, a Delaware
corporation of 1800 South Baltimore Avenue, Tulsa, OK 74119, ("ASSIGNEE"),
ASSIGNOR's entire right, title, and interest, including the full amount of any
security deposit, under that certain lease dated , between ASSIGNOR and
, ("LESSOR") a copy of which is
attached hereto as Exhibit "B", and the legal description of which is attached
hereto as Exhibit A, and both Exhibits are incorporated herein by reference.
Said lease contains the entire agreement between Lessor and Lessee and there
are no amendments thereto except as contained in Exhibit "B".
Assignor further represents and covenants that said lease is genuine
and in full force and effect; that it has good right to assign said lease, with
the consent of lessor; that the interest hereby assigned is free and clear from
all encumbrances except for (a) liens for taxes or assessments not yet due; (b)
easements, rights-of-way, servitudes, permits, surface leases, and other rights
in respect of surface operations; deed conditions, covenants or other
restrictions; easements of streets, alleys, highways, pipelines, telephone
lines, power lines, railways, and other easements and rights-of-way, on, over,
or in respect of the property; (c) rights reserved to or vested in any
municipality or governmental, statutory, or public authority to control or
regulate the property, in any manner, under all applicable laws, rules, and
orders of governmental authority; that it has fully performed all the covenants
and obligations on its part to be performed and observed under said lease, and
that it has not done or permitted, any act or acts in violation of any of the
covenants, provisions or terms thereof; that there has been no default under
the lease, the rent payments are current and there has been no prepayment
thereof; and all deposits required to be paid to and held by the Lessor under
the lease are hereby assigned by Assignor.
ASSIGNEE hereby assumes all of ASSIGNOR's obligations under the lease
arising after the date hereof, and agrees to fully perform all the covenants,
stipulations, and agreements of the ASSIGNOR contained in the lease. Assignee
will hold Assignor harmless from any liability arising out of, or attributable
to, any act or failure to act by Assignee pursuant to any obligation under the
lease on or subsequent to the date hereof.
ASSIGNOR shall be responsible for any liability arising out of, or
attributable to, any act or failure to act by Assignor pursuant to any
obligation under the lease prior to the date hereof, and Assignor will hold
Assignee harmless from any such liability.
LESSOR hereby consents to this assignment of the lease by ASSIGNOR to
ASSIGNEE. LESSOR hereby acknowledges that on the date of this instrument there
has been no default under the lease and that the rental payments are current
and Lessor holds all deposits required to be paid to Lessor pursuant to the
terms of said lease. Assignor acknowledges and agrees that the consent of
Lessor to this assignment shall not relieve Assignor of any obligation to be
performed by Lessee under the lease.
LESSOR acknowledges that there is or may be environmental
contamination on the leased premises but such contamination is being
remediated. Lessor hereby specifically agrees that said contamination is not a
default under the lease and waives any claim of such a default.
LESSOR hereby agrees that Assignee may be self-insured for Fire and
Extended Insurance coverage and for Public Liability.
1 of 2
<PAGE> 453
This assignment shall be binding upon and inure to the benefit of the
parties hereto, their successors and assigns.
The parties agree that an executed original or duplicate original of
this Assignment, inclusive of Exhibit "A" but exclusive of Exhibit "B" may be
filed of record.
Executed this day of , 1994.
Signed in the presence of:
______________________ Emro Propane Company
______________________ By:____________________________
Two Witnesses Printed Name: M. E. Mittleman
As Its: PRESIDENT
Thermogas Company
______________________
______________________ By:____________________________
Two Witnesses
Printed Name:__________________
As Its:________________________
LESSOR
By:____________________________
Printed Name:__________________
As Its:________________________
STATE OF OHIO
COUNTY OF HANCOCK
THE FOREGOING INSTRUMENT was acknowledged before me this day
of 1994, by M. E. Mittleman, as President of Emro Propane Company, a Michigan
corporation, on behalf of the corporation.
___________________________
Notary Public
My Commission Expires:
(Affix Notarial Seal)
2 of 2
<PAGE> 454
STATE OF
COUNTY OF
THE FOREGOING INSTRUMENT was acknowledged before me this day of
, 1994, by , as of Thermogas Company,
a Delaware corporation, on behalf of the corporation.
___________________
Notary Public
My Commission Expires:
(Affix Notarial Seal)
3 of 2
<PAGE> 455
EXHIBIT 20.2(c)
BILL OF SALE
Emro Propane Company, a Michigan corporation, whose principal address
is 6054 Hill-23 Drive, Flint Michigan, 48507-3893 ("EPC"), in consideration of
Ten and No/100 Dollars ($10.00), and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, does hereby sell,
assign, transfer and set over to Thermogas Company, a Delaware corporation,
whose address is 1800 S. Baltimore Ave., Tulsa, OK 74119 ("TGAS"), all of
EPC's right, title, and interest in and to all propane, grills, appliances and
propane or natural gas burning devices, replacement parts, and goods and stock
in trade owned by EPC for the purposes of resale at the parcels of real
property owned or leased by EPC described in Exhibit A attached hereto (the
"Premises"), and certain supplies designated by EPC, motor vehicles, and all
equipment including such items as shelving, store fixtures, furniture, office
machines and computers, which are owned by the EPC and are located at the
Premises, including without limitation, the personal property listed on Exhibit
B attached hereto (the "Personal Property").
THE PERSONAL PROPERTY IS BEING SOLD AND TRANSFERRED TO TGAS "AS IS,
WHERE IS AND WITH ALL FAULTS" AND WITHOUT REPRESENTATIONS, WARRANTIES, EXPRESS
OR IMPLIED, AS TO THE MERCHANTABILITY, CONDITION OR FITNESS OR COMPLIANCE WITH
GOVERNMENTAL REQUIREMENTS. TGAS HAS MADE ITS OWN INVESTIGATION AND
DETERMINATION REGARDING THE PERSONAL PROPERTY AND ITS NATURE AND CONDITION AND
THE PURCHASE THEREOF, AND HAS NOT RELIED ON ANY REPRESENTATIONS, STATEMENTS OR
WARRANTIES OF EPC, ITS AGENTS OR EMPLOYEES WITH RESPECT TO THE PERSONAL
PROPERTY, EXCEPT AS SPECIFICALLY SET FORTH IN THAT CERTAIN PURCHASE AND SALE
AGREEMENT BETWEEN AS THE PERMITTED ASSIGN OF MAPCO NATURAL GAS LQUIDS INC. AND
EPC, DATED AUGUST 3, 1994. TGAS ACKNOWLEDGES THAT NO SUCH REPRESENTATIONS,
STATEMENTS, OR WARRANTIES HAVE BEEN MADE, EXCEPT AS SPECIFICALLY SET FORTH
THEREIN.
This Bill of Sale shall be binding on and inure to the benefit of EPC
and TGAS, and their respective successors and assigns.
This Bill of Sale shall be governed by and construed in accordance
with the laws of the State Delaware.
IN WITNESS WHEREOF, EPC has duly executed this Bill of Sale as of
____________, 1994.
Emro Propane Company
By:_______________________
M. E. Mittleman, President
ACCEPTED
The foregoing Bill of Sale is hereby accepted on the terms therein
stated on _____________________, 1994.
Thermogas Company
By:______________________
(Name and title)
_________________________
<PAGE> 456
STATE OF ________ )
)
COUNTY OF _______ )
The foregoing Bill of Sale was acknowledged before me this ___ day of
______________________, 1994, by M. E. Mittleman, President of Emro Propane
Company, a Michigan corporation, on behalf of the corporation.
_________________________
Notary Public
My Commission Expires:
_____________________
STATE OF ________ )
)
COUNTY OF _______ )
The foregoing acceptance was acknowledged before me this ___ day of
_________________________, 1994, by ___________________________ and
____________________________, the ________________________________ and
___________________________, of Thermogas Company, a Delaware corporation, on
behalf of the corporation.
_________________________
Notary Public
My Commission Expires:
_____________________
<PAGE> 457
EXHIBIT 20.2(d)
ASSIGNMENT OF ACCOUNTS RECEIVABLE AND CONTRACTS
For the sum of Ten Dollars ($10.00) and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged,
Emro Propane Company, ("EPC") a Michigan corporation with offices at 500
Speedway Dr., Enon, OH 45323, does hereby sell, assign and transfer to
Thermogas Company, a Delaware corporation ("TGAS"), with mailing address of
1800 S. Baltimore St. Tulsa, OK 74119, all of EPC's right, obligations, title
and interest in and under the following:
1. The Non-Competition Agreements between EPC and others as more
fully described on Exhibit A attached.;
2. All customer tank lease or rental agreements, Customer Credit
Application, Sales Contract, and Federal Truth In Lending
Disclosures, and similar arrangements with customers of EPC;
3. All of the Accounts Receivable of EPC, whether with customers
or otherwise, provided they are current as of the date hereof,
or if delinquent, less than 180 days past due, and in no event
part of a bankruptcy proceeding or placed for collection by
EPC
Except as may otherwise be provided herein or in an the Purchase and
Sale Agreement dated August 3, 1994, (the "Agreement") to which EPC and TGAS, as
a permitted assign of MAPCO Natural Gas Liquids Inc., are parties, this
assignment is subject to and specifically includes all the covenants, conditions
and obligations remaining to be performed by EPC, if any, under the provisions
of the items assigned hereby.
EPC warrants that it has full right and authority to make the
assignment provided for herein and has obtained all necessary consents and
given all necessary notices to fully effect this assignment in a manner that
will hereafter allow TGAS all title to and rights and benefits of the item
assigned.
EPC hereby agrees to indemnify and hold harmless, and defend TGAS from
any claim, damage, loss, liability or expense in accordance with the terms of
the Agreement. TGAS hereby agrees to indemnify and hold harmless and defend
EPC from any claim, damage, loss, liability or expense in accordance with the
terms of the Agreement.
IN WITNESS WHEREOF, EPC and TGAS have hereunto set their hands on
__________, 1994.
ATTEST: Emro Propane Company
___________________________ By ___________________________
__________, Asst. Secretary _____________, _____ President
ATTEST: Thermogas Company
___________________________ By ___________________________
__________, Asst. Secretary _____________, _____ President
<PAGE> 458
EXHIBIT 20.2(e)
ASSIGNMENT AND LICENSE OF TRADEMARKS
ASSIGNMENT OF RIGHTS
For good and valuable consideration, Emro Propane Company, Michigan
corporation, ("the Assignor") quit-claims, transfers, and assigns all of its
right, title, and interest in the following trade names under which Emro
Propane Company does business and all good will associated therewith, which
shall specifically include the right to use such trade names, to Thermogas
Company, a Delaware corporation. Such trade names are registered by the
Assignor as trade, assumed, or fictitious Names in the States indicated:
Trade Name State
---------- -----
Fuelgas, Division of Emro Propane Company Michigan
NRG Distributors Michigan
Bonded Propane, Division of Emro Propane Company Ohio
The Assignor makes no warranty, express or implied, with respect to such trade
names whatsoever, including but not limited to, its ownership of such names,
its right to use such names, the registerablity of such names as trademarks,
trade names, assumed names or fictitious names, and that such names do not
infringe on trademarks or trade names of others, all of which are itemized by
way of illustration rather than limitation of the generality of the foregoing
disclaimer of warranties.
Thermogas Company shall hold Assignor harmless from any liability arising out
of the use or attributable to said trade names, trademarks, assumed names or
fictitious names on or subsequent to the date hereof; and Assignor shall hold
Thermogas Company harmless from any liability arising out of the use or
attributable to said trade names, trademarks, assumed names or fictitious names
prior to the date hereof.
Dated this _________ day of _________________________, 1994.
EMRO PROPANE COMPANY
ATTEST:
________________________________ By:_________________________________
(Assistant) Secretary (Vice) President
<PAGE> 459
STATE OF ________ )
) SS
COUNTY OF _______ )
The undersigned Notary Public, in and for the County and State aforesaid, does
hereby certify that ________________________, personally known to me to be a
(Vice) President of Emro Propane Company, a Michigan corporation, acknowledged
before me this day that he executed the foregoing Assignment of Rights as his
free and voluntary act, and as a free and voluntary act of the Assignor
corporation for the uses and purposes therein set forth.
Dated: _________________________________________, 1994.
_______________________________________
Notary Public
<PAGE> 460
ASSIGNMENT
Emro Marketing Company, a Delaware corporation with an office at 500
Speedway Drive, Enon, Ohio 45323-1056, owns the following State of Michigan
trademark registration:
Mark Identification No. Renewal Date
---- ------------------ ------------
FUELGAS DESIGN M34-009 03-23-93
a copy of which design, as registered, is attached hereto.
Thermogas Company, a corporation of the State of Delaware, with an office
at 1800 South Baltimore Avenue, Tulsa, Oklahoma 74119, desires to acquire said
mark and the registration thereof.
For good and valuable consideration, the receipt of which is hereby
acknowledged, Emro Marketing Company does hereby quit- claim, transfer, and
assign to Thermogas Company all of Emro Marketing Company's right, title and
interest in and to the said mark and to the mark "FUELGAS", together with the
good will of the business symbolized by the mark, and the above identified
registration. Emro Marketing Company makes no warranty, express or implied,
with respect to such marks whatsoever, including, but not limited to, its
ownership of such marks, its right to use such marks, the registerability of
such marks, and that such marks do not infringe upon the marks of others, all
of which are itemized by way of illustration rather than limitation of the
generality of the foregoing disclaimer of warranties.
Thermogas Company shall hold Emro Marketing Company harmless from any liability
arising out of the use or attributable to said mark on or subsequent to the
date hereof; and Emro Marketing Company shall hold Thermogas Company harmless
from any liability arising out of the use or attributable to said mark prior to
the date hereof.
Dated this _______ day of ________________________, 1994.
EMRO MARKETING COMPANY
ATTEST:
_____________________________ By:____________________________________
(Assistant) Secretary (Vice) President
<PAGE> 461
STATE OF _________ )
) SS
COUNTY OF ________ )
The undersigned Notary Public, in and for the County and State aforesaid,
does hereby certify that ____________________ personally known to me to be a
(Vice) President of Emro Marketing Company, a Delaware corporation,
acknowledged before me this day that he executed the foregoing Assignment as
his free and voluntary act, and as a free and voluntary act and deed of the
Assignor corporation for the uses and purposes therein set forth.
Dated: ___________________, 1994 _________________________________
Notary Public
<PAGE> 462
EXHIBIT 20.5(a)
LIMITED WARRANTY DEED - MFI
KNOW ALL MEN BY THESE PRESENTS, that MAPCO Florida, Inc., a Delaware
corporation, successor by merger to MAPCO Florida, Inc., a Florida corporation,
formerly known as Simpkins and Sheriff Enterprises, Inc., whose address is P.O.
Box 645, Tulsa, Oklahoma 74101-0645, GRANTOR, for and in the consideration of
Ten and No/100 Dollars ($10.00), received to its full satisfaction of Emro
Marketing Company, a Delaware corporation, whose TAX MAILING ADDRESS will be
c/o Property Tax Section, 539 South Main Street, Findlay, OH 45840, GRANTEE,
does grant, bargain and sell unto said GRANTEE the real estate legally
described in Exhibit A attached hereto and incorporated herein.
Subject to:
(a) liens for taxes or assessments not yet due;
(b) easements, rights-of-way, servitudes, permits, surface leases,
and other rights in respect of surface operations; deed conditions, covenants
or other restrictions, easements of streets, alleys, highways, pipelines,
telephone lines, power lines, railways, and other easements and rights-of-way,
on, over, or in respect of the property;
(c) rights reserved to or vested in any municipality or
governmental, statutory, or public authority to control or regulate the
property, in any manner, and all applicable laws, rules, and orders of
governmental authority.
AND THE GRANTOR does for itself, its successors and assigns covenant
with the said GRANTEE, its successors and assigns, the GRANTOR has not made,
done, executed, or suffered any act or thing whereby the above-described
premises or any part thereof now are or at any time hereafter shall or may be
imperiled, charged, or encumbered in any manner except as above stated; and the
title to the above-granted premises against all persons lawfully claiming the
same by, through or under the GRANTOR, but not otherwise, said GRANTOR will
forever warrant and defend.
IN WITNESS WHEREOF, said corporation sets its hand this _____ day of
____________________, 1994.
Two Witnesses MAPCO Florida, Inc.
By:______________________________ By:______________________________
Name Printed:____________________ James C. Alligood
Vice President
By:______________________________
Name Printed:____________________
<PAGE> 463
STATE OF ___________ )
) SS
COUNTY OF __________ )
Before me, the undersigned authority, on this day personally appeared
James C. Alligood, known to me to be the person whose name is subscribed to the
foregoing instrument as Vice President of MAPCO Florida, Inc., and acknowledged
to me that he executed the same for the purposes and consideration therein
expressed, in the capacity therein stated, and as the act and deed of said
Corporation.
WITNESS my hand and official seal on this _____ day of _______________,
1994.
______________________________________
Notary Public in and for
__________ County, State of __________
My Commission Expires: ______________________________________
(Print Name)
____________________________
This Instrument Prepared by:
Michael E. Holdgrafer
Attorney
MAPCO Florida, Inc.
P.O. Box 645
Tulsa, OK 74101-0645
____________________________
AFTER RECORDING MAIL TO: SEND SUBSEQUENT TAX BILLS TO:
Emro Marketing Company c/o Property Tax Section
c/o J. L. Benson, Esq. 539 South Main Street
539 South Main Street Findlay, OH 45840
Findlay, OH 45840
<PAGE> 464
EXHIBIT "A"
TO
LIMITED WARRANTY DEED
PROPERTY
<PAGE> 465
EXHIBIT 20.5(b)
MFI AS LESSEE/W/CONSENT
ASSIGNMENT OF LEASES - MFI
ASSIGNMENT, ASSUMPTION AND CONSENT
FOR GOOD AND VALUABLE considerations, the receipt of which are hereby
acknowledged, MAPCO Florida, Inc., a Delaware corporation ("MFI") as the lessee
of certain property situated in the County of ________________, State of
Florida, as more fully described on Exhibit "A" attached hereto (the "Leased
Premises"), hereby transfers, conveys, and assigns to Emro Marketing Company, a
Delaware corporation ("EMC"), MFI's entire right and interest under that
certain Lease Agreement dated _________________________, between MFI and
_____________________ ("LESSOR"), including any amendment(s) thereto, a copy or
copies of which is/are attached hereto as Exhibit "B," and incorporated herein
by reference (the "Lease"). Said Lease contains the entire agreement between
LESSOR and MFI and there are no amendments thereto except as contained in
Exhibit "B."
MFI further represents and covenants that said Lease is genuine and in
full force and effect; that it has good right to assign said Lease, with the
consent of LESSOR; that the interest hereby assigned is free and clear from all
encumbrances except for (a) liens for taxes or assessments not yet due; (b)
easements, rights-of-way, servitudes, permits, surface leases, and other rights
in respect of surface operations; deed conditions, covenants or other
restrictions; easements of streets, alleys, highways, pipelines, telephone
lines, power lines, railways, and other easements and rights-of-way, on, over,
or in respect of the property; (c) rights reserved to or vested in any
municipality or governmental, statutory, or public authority to control or
regulate the property, in any manner, and all applicable laws, rules, and
orders of governmental authority; and (d) _____________________________________
_______________________________________________________________________________;
and that it has fully performed all the covenants and obligations on its part
to be performed and observed under said Lease.
EMC hereby assumes all of MFI's obligations under the Lease arising
after the effective date hereof, and agrees to fully perform all the covenants,
stipulations, and agreements of MFI's contained in the Lease. EMC agrees to
indemnify and hold MFI harmless from any and all loss, cost, expense, damage or
liability whatsoever, including reasonable attorneys' fees and court costs,
arising out of subject Lease attributable to any act or failure to act by EMC
pursuant to any obligation under the Lease or the occupancy of the Leased
Premises by EMC, on or subsequent to the date hereof.
LESSOR hereby consents to the assignment of the Lease by MFI to EMC.
LESSOR hereby acknowledges that on the date of this instrument there are no
existing defaults or alleged defaults under the Lease and that the rental
payments are current and LESSOR holds all deposits required to be paid to
LESSOR pursuant to the terms of said Lease, if any. MFI acknowledges and
agrees that the consent of LESSOR to this assignment shall not relieve MFI of
any obligation to be performed by it as lessee under the Lease.
LESSOR acknowledges that there is or may be environmental contamination
on the leased premises, but subject contamination is being remediated. LESSOR
hereby specifically agrees that said contamination is not a default under the
Lease and waives any claim of such a default. LESSOR hereby agrees that EMC
may be self-insured for fire and extended insurance coverage and for public
liability.
This assignment shall be binding upon and inure to the benefit of the
parties hereto, their successors and assigns.
<PAGE> 466
The parties agree that an executed original or duplicate original of
this Assignment, inclusive of Exhibit "A," but exclusive of Exhibit "B," may be
filed of record.
Effective the _____ day of ____________________, 1994.
Signed in the presence of: MAPCO Florida, Inc.
By:_______________________________ By:______________________________
Name Printed:_____________________ James C. Alligood
Vice President
By:_______________________________ Dated:___________________________
Name Printed:_____________________
Emro Marketing Company
By:_______________________________ By:______________________________
Name Printed:_____________________ Name:____________________________
Its:_________ President
By:_______________________________ Dated:___________________________
Name Printed:_____________________
LESSOR
By:_______________________________ By:______________________________
Name Printed:_____________________ Name:____________________________
Its:_________ President
By:_______________________________ Dated:____________________________
Name Printed:_____________________
STATE OF ____________________
COUNTY OF ___________________
THE FOREGOING INSTRUMENT was acknowledged before me, this _____ day of
____________________, 1994, by James C. Alligood as Vice President of MAPCO
Florida, Inc., a Delaware corporation, on behalf of the corporation.
__________________________________
Notary Public
My Commission Expires:
(SEAL)
<PAGE> 467
STATE OF ____________________
COUNTY OF ___________________
THE FOREGOING INSTRUMENT was acknowledged before me, this _____ day of
____________________, 1994, by ____________________ as ________ President of
Emro Marketing Company, a Delaware corporation, on behalf of the corporation.
__________________________________
Notary Public
My Commission Expires:
(SEAL)
STATE OF ____________________
COUNTY OF ___________________
THE FOREGOING INSTRUMENT was acknowledged before me, this _____ day of
____________________, 1994, by ____________________ who is personally known to
me or who did (did not) take an oath.
__________________________________
Notary Public in and for State of
_____________, County of _________
My Commission Expires:
(SEAL)
<PAGE> 468
EXHIBIT "A"
TO
ASSIGNMENT, ASSUMPTION AND CONSENT
LEASED PREMISES
<PAGE> 469
EXHIBIT "B"
TO
ASSIGNMENT, ASSUMPTION AND CONSENT
LEASE
(attached hereto)
<PAGE> 470
EXHIBIT 20.5(b)
MPI AS LESSEE/W/O CONSENT
ASSIGNMENT OF LEASES - MPI
ASSIGNMENT AND ASSUMPTION
FOR GOOD AND VALUABLE considerations, the receipt of which are hereby
acknowledged, MAPCO PETROLEUM Inc., a Delaware corporation ("MPI") as the
lessee of certain property situated in the County of Greene, State of
Tennessee, as more fully described on Exhibit "A" attached hereto (the "Leased
Premises"), hereby transfers, conveys, and assigns to Emro Marketing Company, a
Delaware corporation ("EMC"), MPI's entire right and interest under that
certain Lease Agreement dated April 25, 1978, filed and recorded on June 6,
1978, in Book 24 at page 903 in the Office of the County Register for Greene
County, State of Tennessee, as amended by that certain First Amendment to Lease
Agreement filed and recorded on January 13, 1994, in Book 51 at Page 222 in the
aforesaid public records, between MPI and T. Ralph Tunnell and Vena Ruth
Tunnell, husband and wife (collectively, "LESSOR"), copies of which are
attached hereto as Exhibit "B," and incorporated herein by reference (the
"Lease"). Said Lease contains the entire agreement between LESSOR and MPI and
there are no amendments thereto except as set forth above and contained in
Exhibit "B."
MPI further represents and covenants that said Lease is genuine and in
full force and effect; that it has good right to assign said Lease; that the
interest hereby assigned is free and clear from all encumbrances except for (a)
liens for taxes or assessments not yet due; (b) easements, rights-of-way,
servitudes, permits, surface leases, and other rights in respect of surface
operations; deed conditions, covenants or other restrictions; easements of
streets, alleys, highways, pipelines, telephone lines, power lines, railways,
and other easements and rights-of-way, on, over, or in respect of the property;
(c) rights reserved to or vested in any municipality or governmental,
statutory, or public authority to control or regulate the property, in any
manner, and all applicable laws, rules, and orders of governmental authority;
and (d)________________________________________________________________________
_______________________________________________________________________________
_________; and that it has fully performed all the covenants and obligations
on its part to be performed and observed under said Lease.
EMC hereby assumes all of MPI's obligations under the Lease arising
after the effective date hereof, and agrees to fully perform all the covenants,
stipulations, and agreements of MPI's contained in the Lease. EMC agrees to
indemnify and hold MPI harmless from any and all loss, cost, expense, damage or
liability whatsoever, including reasonable attorneys' fees and court costs,
arising out of subject Lease attributable to any act or failure to act by EMC
pursuant to any obligation under the Lease or the occupancy of the Leased
Premises by EMC, on or subsequent to the date hereof.
This assignment shall be binding upon and inure to the benefit of the
parties hereto, their successors and assigns.
The parties agree that an executed original or duplicate original of
this Assignment, inclusive of Exhibit "A," but exclusive of Exhibit "B," may be
filed of record.
<PAGE> 471
Effective the _____ day of ____________________, 1994.
Signed in the presence of: MAPCO PETROLEUM Inc.
By:______________________________ By:______________________________
Name Printed:____________________ James C. Alligood
Vice President
By:______________________________ Dated:___________________________
Name Printed:____________________
Emro Marketing Company
By:______________________________ By:______________________________
Name Printed:____________________ Name:____________________________
Its:_________ President
By:______________________________ Dated:___________________________
Name Printed:____________________
STATE OF ____________________
COUNTY OF ___________________
THE FOREGOING INSTRUMENT was acknowledged before me, this _____ day of
____________________, 1994, by James C. Alligood as Vice President of MAPCO
PETROLEUM Inc., a Delaware corporation, on behalf of the corporation.
__________________________________
Notary Public
My Commission Expires:
(SEAL)
STATE OF ____________________
COUNTY OF ___________________
THE FOREGOING INSTRUMENT was acknowledged before me, this _____ day of
____________________, 1994, by ____________________ as ________ President of
Emro Marketing Company, a Delaware corporation, on behalf of the corporation.
__________________________________
Notary Public
My Commission Expires:
(SEAL)
<PAGE> 472
EXHIBIT "A"
TO
ASSIGNMENT AND ASSUMPTION
LEASED PREMISES
<PAGE> 473
EXHIBIT "B"
TO
ASSIGNMENT AND ASSUMPTION
LEASE
(attached hereto)
<PAGE> 474
EXHIBIT 20.5(c)
BILL OF SALE - MFI
MAPCO Florida, Inc., a Delaware corporation, whose principal address is
1800 South Baltimore Avenue, Tulsa, Oklahoma 74119 ("MFI"), in consideration
of Ten and No/100 Dollars ($10.00), and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, does hereby sell,
assign, transfer and set over to Emro Marketing Company, a Delaware
corporation, whose address is 500 Speedway Drive, Enon, Ohio 45323-1056
("EMC"), all of MFI's right, title, and interest in and to that certain
personal property as more fully described on Exhibit "A" attached, including
the Station Inventory and Station Equipment, as such terms are defined in the
Purchase and Sale Agreement dated _____________, 1994, between MFI and EMC,
which is located at the Stations identified on Exhibit "B" attached, as dated
hereof (collectively, the "Personal Property").
THE PERSONAL PROPERTY IS BEING SOLD AND TRANSFERRED TO EMC "AS IS,
WHERE IS AND WITH ALL FAULTS" AND WITHOUT REPRESENTATIONS, WARRANTIES, EXPRESS
OR IMPLIED, AS TO THE MERCHANTABILITY, CONDITION OR FITNESS OR COMPLIANCE WITH
GOVERNMENTAL REQUIREMENTS. EMC HAS MADE ITS OWN INVESTIGATION AND
DETERMINATION REGARDING THE PERSONAL PROPERTY AND ITS NATURE AND CONDITION AND
THE PURCHASE THEREOF, AND HAS NOT RELIED ON ANY REPRESENTATIONS, STATEMENTS OR
WARRANTIES OF MFI, ITS AGENTS OR EMPLOYEES WITH RESPECT TO THE PERSONAL
PROPERTY, EXCEPT AS SPECIFICALLY SET FORTH IN THAT CERTAIN PURCHASE AND SALE
AGREEMENT BETWEEN EMC AND MFI DATED _________, 1994. EMC ACKNOWLEDGES THAT NO
SUCH REPRESENTATIONS, STATEMENTS, OR WARRANTIES HAVE BEEN MADE, EXCEPT AS
SPECIFICALLY SET FORTH THEREIN.
This Bill of Sale shall be binding on and inure to the benefit of MFI
and EMC, and their respective successors and assigns.
This Bill of Sale shall be governed by and construed in accordance with
the laws of the State Delaware.
IN WITNESS WHEREOF, MFI has duly executed this Bill of Sale as of
____________, 1994.
MAPCO Florida, Inc.
By:____________________________________
James C. Alligood, Vice President
ACCEPTED
The foregoing Bill of Sale is hereby accepted on the terms therein
stated on _________________, 1994.
Emro Marketing Company
By:___________________________________
Name:_________________________________
Its:__________________________________
<PAGE> 475
STATE OF ____________ )
)
COUNTY OF ___________ )
The foregoing Bill of Sale was acknowledged before me this _____ day of
_______________, 1994, by ___________________, as _________ President of Emro
Marketing Company, a Delaware corporation, on behalf of the corporation.
__________________________________
Notary Public
My Commission Expires:
(SEAL)
STATE OF ____________ )
)
COUNTY OF ___________ )
The foregoing Bill of Sale was acknowledged before me this _____ day of
_______________, 1994, by James C. Alligood, the Vice President of MAPCO
Florida, Inc., a Delaware corporation, on behalf of the corporation.
__________________________________
Notary Public
My Commission Expires:
(SEAL)
<PAGE> 476
EXHIBIT "A"
TO
BILL OF SALE
STATION INVENTORY AND STATION EQUIPMENT
<PAGE> 477
EXHIBIT "B"
TO
BILL OF SALE
STATIONS
<PAGE> 478
EXHIBIT 20.5(c)
BILL OF SALE - MPI
MAPCO PETROLEUM Inc., a Delaware corporation, whose principal address
is 1800 South Baltimore Avenue, Tulsa, Oklahoma 74119 ("MPI"), in
consideration of Ten and No/100 Dollars ($10.00), and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
does hereby sell, assign, transfer and set over to Emro Marketing Company, a
Delaware corporation, whose address is 500 Speedway Drive, Enon, Ohio
45323-1056 ("EMC"), all of MPI's right, title, and interest in and to that
certain personal property as more fully described on Exhibit "A" attached,
including the Station Inventory and Station Equipment, as such terms are
defined in the Purchase and Sale Agreement dated _____________, 1994, between
MPI and EMC, which is located at the Stations identified on Exhibit "B"
attached, as dated hereof (collectively, the "Personal Property").
THE PERSONAL PROPERTY IS BEING SOLD AND TRANSFERRED TO EMC "AS IS,
WHERE IS AND WITH ALL FAULTS" AND WITHOUT REPRESENTATIONS, WARRANTIES, EXPRESS
OR IMPLIED, AS TO THE MERCHANTABILITY, CONDITION OR FITNESS OR COMPLIANCE WITH
GOVERNMENTAL REQUIREMENTS. EMC HAS MADE ITS OWN INVESTIGATION AND
DETERMINATION REGARDING THE PERSONAL PROPERTY AND ITS NATURE AND CONDITION AND
THE PURCHASE THEREOF, AND HAS NOT RELIED ON ANY REPRESENTATIONS, STATEMENTS OR
WARRANTIES OF MPI, ITS AGENTS OR EMPLOYEES WITH RESPECT TO THE PERSONAL
PROPERTY, EXCEPT AS SPECIFICALLY SET FORTH IN THAT CERTAIN PURCHASE AND SALE
AGREEMENT BETWEEN EMC AND MPI DATED _________, 1994. EMC ACKNOWLEDGES THAT NO
SUCH REPRESENTATIONS, STATEMENTS, OR WARRANTIES HAVE BEEN MADE, EXCEPT AS
SPECIFICALLY SET FORTH THEREIN.
This Bill of Sale shall be binding on and inure to the benefit of MPI
and EMC, and their respective successors and assigns.
This Bill of Sale shall be governed by and construed in accordance with
the laws of the State Delaware.
IN WITNESS WHEREOF, MPI has duly executed this Bill of Sale as of
____________, 1994.
MAPCO PETROLEUM Inc.
By:____________________________________
James C. Alligood, Vice President
ACCEPTED
The foregoing Bill of Sale is hereby accepted on the terms therein
stated on _________________, 1994.
Emro Marketing Company
By:___________________________________
Name:_________________________________
Its:__________________________________
<PAGE> 479
STATE OF ____________ )
)
COUNTY OF ___________ )
The foregoing Bill of Sale was acknowledged before me this _____ day of
_______________, 1994, by ___________________, as _________ President of Emro
Marketing Company, a Delaware corporation, on behalf of the corporation.
__________________________________
Notary Public
My Commission Expires:
(SEAL)
STATE OF ____________ )
)
COUNTY OF ___________ )
The foregoing Bill of Sale was acknowledged before me this _____ day of
_______________, 1994, by James C. Alligood, the Vice President of MAPCO
PETROLEUM Inc., a Delaware corporation, on behalf of the corporation.
__________________________________
Notary Public
My Commission Expires:
(SEAL)
<PAGE> 480
EXHIBIT "A"
TO
BILL OF SALE
STATION INVENTORY AND STATION EQUIPMENT
<PAGE> 481
EXHIBIT "B"
TO
BILL OF SALE
STATIONS
<PAGE> 482
EXHIBIT 20.5(d)
ASSIGNMENT OF CONTRACTS
For the sum of Ten Dollars ($10.00) and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged,
MAPCO Florida, Inc., a Delaware corporation, and MAPCO PETROLEUM Inc., a
Delaware corporation (collectively, "MAPCO"), with an address of 1800 South
Baltimore Avenue, Tulsa, Oklahoma 74119, do hereby sell, assign and transfer to
Emro Marketing Company, a Delaware corporation ("EMC"), with a mailing address
of P.O. Box 1500, Springfield, Ohio 45501, all of MAPCO's right, obligations,
title and interest in and under the following:
Those contracts and agreements
attached hereto as Exhibit "A".
Except as may be otherwise be provided herein or in an the Purchase
and Sale Agreement dated August 3, 1994, (the "Agreement") to which MAPCO and
EMC are parties, this assignment is subject to and specifically includes all
the covenants, conditions and obligations remaining to be performed by MAPCO,
if any, under the provisions of the items assigned hereby.
MAPCO warrants that it has full right and authority to make the
assignment provided for herein and has obtained all necessary consents and
given all necessary notices to fully effect this assignment in a manner that
will hereafter allow EMC all title to and rights and benefits of the item
assigned.
MAPCO hereby agrees to indemnify and hold harmless, and defend EMC
from any claim, damage, loss, liability or expense in accordance with the terms
of the Agreement. EMC hereby agrees to indemnify and hold harmless and defend
MAPCO from any claim, damage, loss, liability or expense in accordance with the
terms of the Agreement.
IN WITNESS WHEREOF, MAPCO and EMC have hereunto set their hands on
,1994.
ATTEST: Emro Marketing Company
______________________________ By:___________________________________
Assistant Secretary Name:_________________________________
Its:_______ President
ATTEST: MAPCO Florida, Inc.
______________________________ By:___________________________________
Kristen E. Cook James Alligood
Assistant Secretary Vice President
ATTEST: MAPCO PETROLEUM Inc.
______________________________ By:___________________________________
Kristen E. Cook James Alligood
Assistant Secretary Vice President
<PAGE> 483
EXHIBIT 21.5
POST CLOSING SERVICES AGREEMENT
SERVICE AGREEMENT
THIS AGREEMENT is entered into this ____ day of ____________, 1994,
between EMRO PROPANE COMPANY ("EPC"), a Michigan Corporation, located at 500
Speedway Dr., Enon, Ohio 45323 and MAPCO Natural Gas Liquids Inc. ("MNGL"), a
Delaware Corporation, with a place of business located at 1800 South Baltimore
St., Tulsa, Oklahoma 74101.
WHEREAS, MNGL is interested in engaging the services of EPC relating to
the business operations, plans and activities of EPC in connection with MNGL's
purchase of certain EPC assets; and
WHEREAS, EPC desires to provide EPC or EMRO MARKETING COMPANY ("EMC")
employees to perform said services for MNGL for the limited transition period
specified herein.
NOW, THEREFORE, in consideration of the mutual covenants herein
contained, and for other good and valuable consideration, the receipt and
adequacy of which being hereby acknowledged, the parties hereto agree as
follows:
SERVICES
1. During the term of this Agreement, EPC agrees to provide certain
individuals to perform services for MNGL relating to accounting and similar
services in connection with the business operations, plans and activities of
EPC relating to MNGL's purchase of certain EPC assets. The services to be
performed will be of the type performed by employees of EPC prior to the sale
of the assets of EPC, in the operation of its business and will generally be in
the Flint, Michigan area. Such services will be performed as and when
requested by MNGL during customary business hours, subject to limited amounts
of overtime for unforeseen contingencies.
2. EPC and EMC employees shall not be considered employees of MNGL.
3. EPC and MNGL understand that the employees of EPC or EMC are at-will
employees and as such may terminate employment with EPC or EMC at any time for
any reason. In the event that such employment terminates during the period of
this agreement, EPC will have no obligation to provide any replacement
personnel for the purposes of this agreement.
4. In the performance of the services to be rendered hereunder, MNGL
agrees to maintain in confidence any proprietary or confidential information,
not otherwise covered by the existing Confidentiality Agreement between EPC and
MNGL or by the Purchase and Sale Agreement dated ________, 1994, received from
individuals performing work pursuant to this agreement and the work product of
this Agreement until its divulgence is authorized in writing by EPC.
5. EPC and EMC agree to maintain in confidence any proprietary or
confidential information, not otherwise covered by the existing Confidentiality
Agreement between EPC and MNGL or by the Purchase and Sale Agreement dated
________, 1994, received from MNGL and the work product of this Agreement until
its divulgence is authorized in writing by MNGL.
CONTRACT PRICE
6. MNGL agrees to pay EPC weekly, upon receipt of invoice, for the
services provided hereunder, such invoice to include a detailed listing by
indiviual name and social security number, pay rate, total regular and overtime
hours, and the toal gross compensation for the number of hours
<PAGE> 484
worked. EPC shall invoice MNGL weekly for all hours worked by EPC or EMC
employees at the rates specified in the Rate Schedule attached as Exhibit A,
including time and one-half for overtime, multiplied by a factor of 1.35. MNGL
agrees to pay any reasonable travel expenses incurred by EPC and/or EMC
employees in the performance of services hereunder, provided said travel
expenses were incurred at the request of MNGL. In addition, MNGL agrees to pay
the reasonable costs of computer time and services provided by EPC or its
parents under this agreement.
7. MNGL agrees to accurately account to EPC in such a manner as it may
request for all hours worked by EPC or EMC employees in the performance of
services hereunder and any travel expenses incurred in connection with the
services rendered.
TERM
8. This Agreement shall be in effect from the Effective Time as set forth
in the Purchase and Sale Agreement between EPC, MNGL and others dated
___________, 1994 through such period designated by MNGL but no later than
December 31, 1994. MNGL agrees to give reasonable notice to EPC of the
termination of this agreement if it is earlier than December 31, 1994.
INDEMNIFICATIONS
9. MNGL shall protect, defend, indemnify and hold EPC, EMC, their
successors and assigns, and the employees of each of them harmless from and
against any and all claims, demands, causes of action of every kind and
character including, without limitation by enumeration, death, injury and
damages to all persons and property (including employees or property of EPC, or
EMC, their successors and assigns), together with the amount of judgments,
penalties, interest, court costs, legal and other fees and expenses in
connection therewith (hereinafter collectively referred to as "Claims"),
directly or indirectly arising out of, resulting from, incident to, or in
connection with, this Agreement or the performance of work hereunder or breach
of the terms hereof, but only to the extent that, such Claims are found to have
been proximately caused by the negligent act or omission of EPC, EMC, their
successors and assigns, or its agents, servants or employees.
10. MNGL's obligation to defend, indemnify and hold EPC, EMC, their
successors and assigns, harmless against liability as provided for in Paragraph
9 above specifically includes, without limitation, liability based, in whole or
in part, upon theories of strict liability, intentional tort or negligence of
MNGL and its agents, servants and employees. MNGL's obligation, as aforesaid,
is not diminished or affected in any way by a claim that EPC, EMC, their
successors or assigns, are jointly or severally liable therefor.
11. EPC, EMC, theirs successors and assigns, reserve the right, in the
event they so elect, to participate at their own expense in the defense of any
suit covered by this provision, however, such participation shall not excuse
MNGL of any obligation hereunder.
COMPLIANCE WITH LAWS
12. EPC and/or EMC shall comply with all applicable laws and regulations
relating to the performance of services hereunder, including the payment of
wages; workers' compensation insurance premiums; unemployment insurance
premiums; social security, federal, state and local income taxes; and all other
federal, state and local laws affecting employment and business opportunities.
13. MNGL shall comply with all applicable federal, state and local laws and
regulations affecting the performance of this Agreement.
MISCELLANEOUS
<PAGE> 485
14. MNGL shall not have the right to assign this Agreement without the
prior written consent of EPC. It being the intent of the parties hereto that
the services provided hereunder are personal in nature. Any such assignment by
MNGL shall not release MNGL from its obligations hereunder.
15. This Agreement supersedes all prior contracts and understandings
between the parties relating to the same services referenced herein and may not
be modified, changed or altered by any promise or statement by whomsoever made,
and may only be modified by further written agreement by all parties thereto.
16. Each of the provisions of this Contract shall be enforceable
independently of any other provisions of this Contract and independent of any
other claim or cause of action. In the event of any dispute arising under this
Contract, it is agreed between the parties that the laws of the state of
Michigan will govern the interpretation, validity and affect of this Contract
without regard to the place of execution or place of performance thereof.
17. Should any part of this Agreement be deemed or declared to be invalid
or illegal, the validity of the other parts or the remainder of this Agreement
shall not be effected and the invalid or illegal provision shall not be
considered to be part of this Agreement.
18. Waiver by EPC or MNGL of any breach by the other party shall not
operate or be construed as a waiver of any subsequent breach by such party.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the day and year first above written.
MAPCO Natural Gas Liquids Inc.
By:____________________________
Name:__________________________
Its:___________________________
Tax ID:________________________
EMRO PROPANE COMPANY
By:____________________________
Name:__________________________
Its:___________________________
<PAGE> 486
EXHIBIT A
RATE SCHEDULE
Job Classification Rate
- ------------------ ----
<PAGE> 487
EXHIBIT 24.3
IRS FORM 8594
FORM 8594 OMB No. 1645-1021
ASSET ACQUISITION EXPIRES 2-29-96
(REV. JANUARY 1993) STATEMENT
UNDER SECTION 1060
DEPARTMENT OF THE
TREASURY INTERNAL ATTACH TO YOUR ATTACHMENT
REVENUE SERVICE FEDERAL INCOME TAX RETURN SEQUENCE NO. 61
- --------------------------------------------------------------------------------
Name as shown on return Identification number as shown on return
THERMOQAS COMPANY 73-1454703
- --------------------------------------------------------------------------------
Check the box that identifies you: /X/ Buyer / / Seller
- --------------------------------------------------------------------------------
PART 1 General Information - To be completed by all filers
- --------------------------------------------------------------------------------
1 Name of other party to the Other party's identification number
transaction
EMRO PROPANE COMPANY 38-1276465
- --------------------------------------------------------------------------------
Address (number, street, and room or suite no.)
6054 HILL ROAD
- --------------------------------------------------------------------------------
City, state, and ZIP code
FLINT, MICHIGAN 48507
- --------------------------------------------------------------------------------
2 Date of sale 3 Total sales price
SEPTEMBER 1, 1994 $188,046,000
- --------------------------------------------------------------------------------
PART II Assets Transferred - To be completed by all filers of an original
statement
- --------------------------------------------------------------------------------
4 Assets Aggregate Fair Market Value Allocation of Sales Price
(Actual Amount for Class I)
- --------------------------------------------------------------------------------
Class I $ $
- --------------------------------------------------------------------------------
Class II $ $
- --------------------------------------------------------------------------------
Class III $ $
- --------------------------------------------------------------------------------
Class IV $
- --------------------------------------------------------------------------------
Total $
- --------------------------------------------------------------------------------
5 Did the buyer and seller provide for an allocation
of the sales price in the sales contract or in another
written document signed by both parties?................./ / Yes / / No
If "Yes," are the aggregate fair market values listed
for each of asset Classes I, II, and III the amounts
agreed upon in your sales contract or in a separate
written document?......................................../ / Yes / / No
- --------------------------------------------------------------------------------
6 In connection with the purchase of the group of assets,
did the buyer also purchase a license or a covenant not
to compete, or enter into a lease agreement, employment
contract, management contract, or similar arrangement
with the seller (or managers, directors, owners, or
employees of the seller)?................................/ / Yes / / No
If "Yes," specify (a) the type of agreement, and (b) the
maximum amount of consideration (not including interest)
paid or to be paid under the agreement. See the
instructions for line 6.
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
For Paperwork Reduction Act Cat. No. 63768Z Form 8594 (Rev. 1-93)
Notice, see instructions.
3/24/93 page 751,643
<PAGE> 488
EXHIBIT 24.3
IRS FORM 8594
FORM 8594 OMB No. 1645-1021
ASSET ACQUISITION EXPIRES 2-29-96
(REV. JANUARY 1993) STATEMENT
UNDER SECTION 1060
DEPARTMENT OF THE
TREASURY INTERNAL ATTACH TO YOUR ATTACHMENT
REVENUE SERVICE FEDERAL INCOME TAX RETURN SEQUENCE NO. 61
- --------------------------------------------------------------------------------
Name as shown on return Identification number as shown on return
EMRO MARKETING COMPANY 34-1155557
- --------------------------------------------------------------------------------
Check the box that identifies you: /X/ Buyer / / Seller
- --------------------------------------------------------------------------------
PART 1 General Information - To be completed by all filers
- --------------------------------------------------------------------------------
1 Name of other party to the Other party's identification number
transaction
MAPCO FLORIDA, INC. AND 73-1336262 AND
MAPCO PETROLEUM INC. 75-1287220
- --------------------------------------------------------------------------------
Address (number, street, and room or suite no.)
1800 SOUTH BALTIMORE AVENUE
- --------------------------------------------------------------------------------
City, state, and ZIP code
TULSA, OKLAHOMA 74119
- --------------------------------------------------------------------------------
2 Date of sale 3 Total sales price
SEPTEMBER 1, 1994 $1O,000,000
- --------------------------------------------------------------------------------
PART II Assets Transferred - To be completed by all filers of an original
statement
- --------------------------------------------------------------------------------
4 Assets Aggregate Fair Market Value Allocation of Sales Price
(Actual Amount for Class I)
- --------------------------------------------------------------------------------
Class I $ $
- --------------------------------------------------------------------------------
Class II $ $
- --------------------------------------------------------------------------------
Class III $ $
- --------------------------------------------------------------------------------
Class IV $
- --------------------------------------------------------------------------------
Total $
- --------------------------------------------------------------------------------
5 Did the buyer and seller provide for an allocation
of the sales price in the sales contract or in another
written document signed by both parties?................./ / Yes / / No
If "Yes," are the aggregate fair market values listed
for each of asset Classes I, II, and III the amounts
agreed upon in your sales contract or in a separate
written document?......................................../ / Yes / / No
- --------------------------------------------------------------------------------
6 In connection with the purchase of the group of assets,
did the buyer also purchase a license or a covenant not
to compete, or enter into a lease agreement, employment
contract, management contract, or similar arrangement
with the seller (or managers, directors, owners, or
employees of the seller)?................................/ / Yes / / No
If "Yes," specify (a) the type of agreement, and (b) the
maximum amount of consideration (not including interest)
paid or to be paid under the agreement. See the
instructions for line 6.
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
For Paperwork Reduction Act Cat. No. 63768Z Form 8594 (Rev. 1-93)
Notice, see instructions.
3/24/93 page 751,643
