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<br />3. Keeping the property of the Ryan Gulch Reservoir Company in good repair; <br />4. Retirement of debts and obligations; <br />5. Any other lawful activities. <br /> <br />The following Table II-I lists the present shareholders and the number of shares owned. <br /> <br />Table II-I <br />Ryan Gulch Reservoir Company Shareholders' List <br /> <br />Shareholder Shares <br />William T. Beierwaltes 3.50 <br />Victor Brose 2.00 <br />Double S M Farms 2.00 <br />McWhinney Holding Company, LLC . 1.25 <br />Handy Ditch Company 39.00 <br />Ramona E. Hilton 1.50 <br />Sten R. Johnson 10.00 <br />Loveland Ready Mix 25.00 <br />James B. Myers 3.25 <br />Vande Waterf McWhinney 12.50 <br />Total 100.00 <br /> <br />Mr. Harold Kester from the Loveland Ready Mix is the present president. Mr. James Myers is the <br />Secretary and Treasurer of the Company. <br /> <br />C:\WORK\PROIECTS\RY AN\FEASREPORT\RY ANRPT.DOC <br /> <br />4 <br /> <br />December 31, 1995 <br />