President:                      Richard Oldroyd  287-1615

Secretary:                      Janae Galanis   277-7815

Office Assistant:

Phone:

Address:                         4848 Highland Drive #236

City & State                     Holladay, Utah 84117

Water Right Number:    57-6669 a170

Water Source:                 Big Cottonwood Creek

Priority:                           1913

Total Shares:                    6000 shares of common stock

Delivery:                          13,000 acre feet = 2+ AF/Sh (from water right document)

Shares/acre:

Annual Fee

Transferability:

Delivery Area:

Sale Price/Share:

Rental Rate/Share:

History:

January 15, 2001 The stated price is $100 per share and the company will purchase it back for $90 per share. Appears to be under priced.