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Case 1:20-bk-12043 Doc 303-1 Filed 08/28/20 Entered 08/28/20 11:03:45 Desc <br />Exhibit 1 A-1 and A-2 Page 4 of 38 <br />14. Section 7(b) of the Master Lease provides: <br />Within a reasonable time, Lessee will replace any parts of the Equipment <br />which become worn out, lost, destroyed, damaged beyond repair or otherwise unfit <br />for use, by new or reconditioned replacement parts which are free and clear of all <br />Liens and have a value, utility and remaining useful life at least equal to the parts <br />replaced (assuming that they were in the condition required by this Lease). <br />15. Wintrust's July 28, 2020 site inspection of the Wintrust Equipment revealed the <br />following existing maintenance deficiencies: <br />Maintenance Deficiencx <br />2012 CAT 777G: # RDR00114 <br />Estimated Cost <br />• Transmission and Torque $ 55,000 <br />• Tire $ 10,000 <br />• Brakes (front) $ 25,000 <br />2012 CAT 777G: # RDR00115 <br />• Transmission and Torque $ 55,000 <br />2012 CAT 777G: # RDR00138 <br />• Exhaust Coolers $ 10,000 <br />• Tire $ 10,000 <br />• Bed Liner $ 80,000 <br />2012 CAT 777G: # RDR00139 <br />• Engine $ 110,000 <br />• Torque $ 20,000 <br />• Brakes (front & rear) $ 94,000 <br />2006 CAT D-1 IR DOZER: # 7PZ01485 <br />• Undercarriage <br />In excess of $100,000 <br />16. In addition, the 2012 CAT 777G: # RDR00114 will require an engine rebuild and <br />front and rear brakes in the near term at an estimated cost of $204,000. <br />M <br />