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<br />III IIIIIIIIIIIII III <br />PURCHASE AGREEMENT <br />This Purchase Agreement (the "Agreement") is made and entered <br />into as of February Z) , 1994, by and between Coors Energy Company, <br />a Colorado corporation, having an address at Denver West office <br />Park, 1819 Denver West Drive, Building 26, Suite 400, Golden, <br />Colorado 80401 ("Coors"), and Universal Industries, Inc., an Ohio <br />corporation, having an address at 325 East Stahl Road, Fremont, Ohio <br />43420 ("Universal"). <br />Background <br />A. Coors is the owner and operator of a facility known as the <br />Tipple Complex located at Coors Keenesburg Mine, Keenesburg, <br />Colorado ("Keenesburg Mine"). Universal is a dealer in used <br />material handling equipment. <br />B. Coors desires to sell, <br />and Universal desires to acquire <br />handling equipment and structures <br />Tipple Complex, including without <br />conveyors, bins, dust collectors, <br />the attached Exhibit A which <br />reference (the "Assets"). <br />assign, and convey to Universal, <br />and purchase all of the material <br />associated with or located at the <br />limitation, all crushers, feeders, <br />etc., as more fully described on <br />is incorporated herein by this <br />Statement of Agreement <br />The parties, in consideration of the promises and covenants <br />contained herein, and for other good and valuable consideration, the <br />receipt and sufficiency of which is hereby acknowledged, hereby <br />agree as follows: <br />§1. Purchase/Sale of Assets. Upon the terms and subject to <br />the conditions set forth herein, Coors hereby agrees to sell to <br />Universal, and Universal hereby agrees to purchase from Coors, all <br />of the Assets. <br />§2. Purchase Price. The total purchase price to be paid by <br />Universal to Coors for the Assets shall be Seventeen Thousand Two <br />Hundred Fifty Dollars ($17,250.00). Prior to the execution hereof, <br />Universal has paid an earnest money deposit to Coors in the amount <br />of Eight Thousand Six Hundred Twenty-Five Dollars ($8,625.00). The <br />remaining Eight Thousand Six Hundred Twenty-Five Dollars ($8,625.00) <br />of the total purchase price shall be due and payable in full within <br />ten (10) days after the execution of this Agreement. <br />§3. Universal's Representations, Warranties, and Obligations. <br />(a) Universal shall dismantle all buildings and other <br />structures located on the Tipple Complex site to concrete footer <br />