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AGREEMENT FOR SALE OP EQUIPMENT <br /> I. <br /> PARTIES: <br /> The parties to the Agreement are Mid-Continent <br /> Resources, Inc. , a debtor in possession under chapter 11 <br /> Bankruptcy, which for this purpose shall have address at P. <br /> 0. Drawer 790, Glenwood Springs, Colorado 81602 , hereinafter <br /> referred to as "Seiler" and Pete Lien & Sons, Inc. , a South <br /> Dakota corporation of P. 0. Box 440, Rapid City, South Dakota <br /> 57709, hereinafter referred to as "Buyer" . <br /> II. <br /> PURPOSE: <br /> The purpose of this Agreement is to set forth the terms <br /> and conditions wherein Seller shall sell to Buyer and Buyer <br /> shall purchase from Seller the property described in Article <br /> III. <br /> III. <br /> PROPERTY: <br /> The property which is the subject of this Agreement is <br /> described as all equipment and tools located within the rock <br /> dust plant, magnetite plant, pack wall plant, those three <br /> plant building structures themselves (rock dust plant, <br /> magnetite plant, and pack wall plant) , all external conveyors <br /> and silos, but excluding, wherever located, all other <br /> buildings or structures or sheds and equipment located <br /> therein, any asbestos containing materials including building <br /> EXHIBIT B <br />