May 04 07 10:51a Corporate Office

Fax

TO: MIKE W ~ P T F ~ O ~ :

~ar: SD/- 4i30~bCTfLJ pages:

0Ugent 0 C o m m t PleastRepty Pleas:Recycle

Comments:

,Ij

d NEWHALL FINANCIAL CO.,L,C.I!:._I DISBURSING TRUST ACCOUNT

P.0, BOX 401 LAYTON, UT. 84041 801 546 6951

Telephone Bankins: 1-800-233-95Afl mnv.CmmunityfirsLc0rn

NEWHALL FINANCIAL C . , L . C . 1003 DISBURSING TRUST ACCOUNT 31-2731 1240 P.O. BOX 401 MYTON, U T . 84041 801 546 6 9 5 1

DATE

1 FOR

d

May 04 07 10:53a Corporate Office 435-674-5839

SEP-11-2204 04:39F FROM: T0:14356?45@3S

PERSONAL PTNANCI,LL, STATFMlWT

GARY 5. HARRIS AUG . 31 , 2001~ 1357 EAST BAER CANYON DR. KAYSVILLE, UT. 84037

ASSETS:

FrES KECEIVABLE RETIREMENT A C C O U N T S AND ANXU1TTF.S

TRUSTOR AND BEKEFICIARY INTKRFST iN HOMESTEAD TRUST

Sr1'OCK: 'L'AWHUU FINANCIAL COXF. ( PIll3T.T (:)

TOTAL ASSKTS :

LO@.C; TERX DE3T O N RE.41. ESTX'L'E .&VD AI ITOS TITLED I?: TRYST CAR R TEfI U EXSOXALLP 2 2 2 , 0 0 0 . 0 0

TOTAL ASSETS: ; 52,489.300.00

May 04 07 10:51a Corporate Office

p@R-30-2005 87:54F FROM: ,;,-

"L

Newhall FinancialCo.,LC. P.O. Box 401 Layton, Utah 84041

80$ 546-695$ Fax: 801 444-3389

MR. ALAN G . YULING SUNLAND CONSTR.11C'I"ION 344 E SUNLAh'D DR.RS ST. GZQRGE, UT 84790

RE: FUNDING FOR SUNLANU CONSTRUCYION CO. :

AS YOU KNOW THIS COMPANY IS JNVOLVED IN A FINANCrfiC UF A COMPANY ASSXT. TIIIS WILL RESULT OL;'CASH AN'lI AA RATED BUNDS THAT CAN TIE USED OF SUNLAND TO INCREASE IT'S BONDlNG CAPACPTY BALANC:li SHEET CIY TIIE COMYALUY.

AS SOON AS THE SALE IS COMPLRTKD THIS CONY TO A MAXTMUM OF $300,000.00 (THREE IiITNDRED THOU PROVIDE 1$1,000,000.00(ONE ML'LLION) PACE VALII'E A MAZ'URLTY O P FROM ONE TO THREE YEARS, TO THF, PURPOSES LISTED ABOVE. IT HAS BEEN ANTICIPATED HAVE TAXEN ['LACE PRTOH TO THIS TIME. THE DELAY THE REQUEST OF THE LNVESTMENT BANK INVOLVED, F OF THE FINAT, BOND PACKAGE, BY STANDARD AND Y BEEN PROVZDED AND ZT IS ANTICIPATED THE PLKS CAN Dk CLOSED WITHIN TIIR NEXT 30 DAYS,

ANY QUESTTONS REMAINTNG AS 5 0 TEKMS AND KESULVED PRLOR TO THE PLACEMENT OF TlIE FUNDS

I BELTEVE THIS T S THE ESSENCE OF 017R LIN T)TSCUSSION OF MARCH 29 (TUESDAY TN SALT LAKE IIAVE ANY FURTHER QUXSTlUNS PLEASE CALL Mli.,

I MARCH 30. 2001

OR SALE AND TIIE AVAI'LABT 1,l'L'Y

S CLOSIflG WOULD BEEN CAUSED BY

May 04 07 10:52a Corporate Office

- . JUL ;7'2005 11:29A FROM:

SENT VIA FAX: gal-444.3309

Dear Mr.H&4 Pleosc kat3vi.dthkt we

availablewitbin thmthwowe&. cootdinationofeft filrwcingd&e

(ABN &PO) will isw and 9 The PimuwidGunin= is i T h s W ~ s ~ u t a d i t r a t h r g i s ~ M u

We h m m dton quickandh v g W e debmy.

PhD, CFC.&. VCS Mm+ng MemWr

May 04 07 10:51a Corporate Office

JUL-5-2005 18:WR F R m :

JACK L.QUARANT aPr Attomwa PCh w

bmHWI mholr 62931

Taleplcmm (62B)us6222 PLrdnlUr (ama

ITEN3 WX 18DUlZCQYCD'FOE Mr. Gary Htrri., CEO Newhd-CILLIm 1357&N Cupm KayadIr, UTMa37

PROlWr 8 O l m PAX: fU)i4&3389

D m Gary: 1

( May 04 07 10:51a Corporate Office

/ JUL-5-2005 1Q:0SA FROM:

oc.: Dr. Shad l 3 l i m n u i m9rr 61-780-5839 .I

--- May 04 07 10:52a Corporate Office

JUL r 7-'2@05 I 1:23Q FROM: TO: 14356745839

O F I L E R S

Mr.Gary Hanis Newhall Fjn~mjal 1357 BtarCmym Kaysvilic, Utah QUO33

SENT V I A F A X 801-444-3389 1 1)CBMr.Himis,

P~mt~Ihclei&r~scnttoyouChismmiag,Iam simple cxplmation o f the net umseqwmfur you and your corrlycuw

I. TbcI~rsscllttoyou-erRitomwIrdpdia~dcvdof t f ~ ~ expleineddidnoterr~llpplyM y butonlytoSpinturf.

2. This transaction is par1 ofa striev ofttansactiohsthat \dlhaw a net neld to Newhall Finmid. I3. Tbs net yield will bc R com~tionofuM" m therrnod hnds aul, aggregntc mount 2,000,000-00US?J

4. T h i x yiekl is expected bc i-ming on the 2eofJuly. 1

Please o c c q apo-es &r the mixupon the JWaratrd thc Feel fRe to contad mywith w y qutStiom and c o r n s

/ OTt. BMSB1.87BS

For 5US43aaC138

;L-5-i3005 TUE lW:S?F\Pl ID:

May 04 07 10:52a Corporate Office

sP-9-2BB5 06:E17P FRDPl:

r t I ni.I

L

338WlitPunk, 5am lm Ty(sr. T ~ X R P75793

SEP-9-ZB05 F R I 03154PM ID:

May 04 07 10:52a Corporate Office

SEP-14-2005 07:13CI FROM:

OFILERS C~PKALGmw

t30Whkmank. Sui- lm Tylnr, Tans 75703

SEP-1G ;%%$?5WED 06:32RM ID:

May 04 07 10:53a Corporate Office 43 5-6 74-5839 p.1I UL r - I3-2~10511:a4a FROM: T0:14356745839 PI l/d

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'I

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FINANCIAL STATEHEM NEWHALL PldANCIAL CO. L.C. I

P.0. BOX 401 I

LAYTON, UT. 84041 1 SEPTEMBER 30,200512

1

ASSETS:

CURRENT ,- -1

CASH ACCOUNTS RECEIVABLE PREPAID ITEMS INVESRIENT SECURTTIES LEASE PAYMENTS DUE

I $ 21,600.00 195,000.00

4 ,200 .00 635,000.00 11.400.00

PAYMENT DUE FROM ESCROW, ASSET SALE,, 2,000,000.00

TOTAL 2,867,000.00

FIXED

COTGRCIAL BLDG. L D ' ~ I 95,000.00I/ITNDIV1L)ED INTEREST I N DEVELOPIEYT LA D 200 .OOO. 00 AIlT0S 27,000.00I

HINTNC PROPERTIES (AT COST) 575.000.001 1

WATER K I G H T S (HELD IN WIIOLLY OWNED ~ U B .) 300,000.00 HEAVY COWSTRUCTLON EQUIP (ON LEASE) i 295,000.90

' 1 TOTAL 1 , 4 9 2 , 0 0 0 . 0 0

TOTAL ASSETS:

LIABILITIES: -CURRENT

ACCOUNTS PAYABLE $ 23,500.00 DEFERRED PAYKOLL DUE MCT. 29,000.00 CURRENT PORTICJN OF EQUIP. CONTRACT 62,000.00

TOTAL .

t t 11.4;509,00

LONG TERV I REAL ESTATE DEBT '1

; ?I]

$ 26,200.00AUTO CONTACT I 26.000.00 LONC TERM PORTICN O F Z Q U I Y C N T U C T ; 167,000.00

TCTAL

TOTAL LIABILITIES:

NET WORTH: . I $G,027,300.00

TOTAL LIAB. AHD NET W O R ~ I; $ 4 , 3 5 9 , 0 0 0 . 0 0

Fax

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@ ~ m r r y ~ UUI f*W S U N L A N D C O N S T R U C T I O N Inc.

344 E. Sunland Drivc Suit< 9 St Gaxge. VUk ll47PO ' Tclcphox (435 ) 674-58441 r.x 14351674-S8j9

1 To:

I Fax:I 601 V Y r - 3 3 ~ g

Pages:

Date:

,including this cover sheet.

h-.1 7 , ,2004

Fromthe desk of ..

Sunland Construction 344 E. Sunland Dr R9

St. George, UT 84790 435-674-584C

Faw: 435-674-5833

Sunland ConstructionInc. Proforrna

Balance Sheet

Current Assets Cash Unbilled Receivable an Constructron Projects C umnt Portion of Bond Interest Receivable

Total Current Assets

Investments +)? Long-TermAA Bonds

Bond tnterest Receivable Fixed Assets

Equipment Land - Pledged

Black Ridge LLC Newhall Financial Total FixedAssets

Total Assets

Current Liabilities Accounts Payable Current Portion of UT Debt

Total Current Liabilities

Long-TermDebt Contracts Payable

Total Long-TermDebt

Total Liabilities

Capital

;fC Common Stock AA Bonds (Maturity 3 years) Paid-in-Excess

Total Capital

Total Liabilities & Capital

Cunent Ratio Debt to Equity Assels to Debt

8.07 to One 0.07 to One 12.90 ta One

SllNLAND CONSTUC'I'TOK Ih'C. Five Year ProJecrc~l Balance Sheet

DESCHIYT~ON ASSETS 2004 2005 2006 2007 7008

Current Asscis Cash 150.000 2.71% 150,000 2.63" 200,000 3.19% 350.233 5.13% 5 598,192 723% In\cstrnrnls (Gush ~quii.i~Jc~ir 3,960,000 7 1.44% 3,960,000 69.44OA 3,500,000 55.05% 3,500,000 49.98% 3,500,000 42.28% Accot~nLs RcccivaOlc 330.000 5.95% 180,000 3.16% 268,828 4.28% 270,000 3.86% 497,000 6.00% Notcs I<cccit;~l~lc 0 0.00% 0.00% 0 0.00% 0 0.00% 0 0.00% In\ en to^ 0 0.00% 0.00% 0 0.00% 0 0.00% 0 OW% Othcr Currcnt Assets 15.000 0.27% 15,000 0.26% 15,000 024% 15,000 0.21% 25,000 0.30%

-Totpl Current Assets $ 4,455,060 80 37% 5 4,305,000 75 49% S 3,983,828 63 57% $ 4,144,213 59 18% 6 4,620,192 55 01-Fixed Asrcts

I.and 0 0.00% 0 0.90% 470,000 7.50% 800.000 11.42% 800,000 9.66% Buildings 0 0.00% 0 0.00% 0 OW% 0 0.00% 0 0.00' Curl\truc(ion Equipment 1,100,000 19.85% 1,500,000 26.30% 1,900.000 30.32% 2,200,000 31.41% 3,000,000 36.24% Oflice Equipment 20,000 0.36% 20.000 0.35% 30,000 0.48% 30,000 0.13Y0 35.000 0.42% Automobiles 90.000 1.62% 90,000 1.58% 110,000 1.76% 145.000 207% 180,OM) 2.17% Lcss Accumuln~cd Dcprci.iatin (122,222) -2.21% (212.222) -3.72% (226,667) -3.62% (316,111) -4.51% (357.222) -4.32%

Total Fixed Asset8 $ 1,087,776 19.63% S 1,397,778 24.51% $ 2,283,333 36.43% $ 2,868,889 40.82% $ 3,657,778 44.19%-__ -Otbcr Assets

Nolr Heceitable Other Assets

Toful Otlter Arset,i

- .

'rota1Assets 5 5,642,778 10000% S 5,702,778 10000% S 6,267,161 100.00% 6 7,003,122 100 00% $ 8,277,970 100.00%

Llabllitics & Omrtrs' Equity Currec~tLiabilities

~lcccllinlsPayable 210,000 3.91% 228.033 4.00% 205.000 3.27% 115.000 1.64% 380,000 4.59% Ihnk l.oans 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% Currml I'n1.1ionLung rcrnl D 0 0.00% 3 0 00% 0 0.00% 0 0.00% 0 0.00% Other C'crrl,cnt 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 O.O(j%

Totel Current Llabilitics $ 210,000 3.91% $ 228,033 4.00% $ 205,000 3.27% $ 115,000 1.64% S 380,000 4.59%

Long Tenn I runs 0 0.00% 0 0 00% 0 0.00% 0 0.00% 0 0.00%

-Total Liabilities $ 210,000 0.00% $ 228.033 0.00% $ 205,000 0.00% 5 115,000 O.OOah $ 380.0W 000%

- -4 -

OwnerlStockholder Equity Capilnl Stuck (---+643.OZah I ,no0 0.02% 1,000 0.02% 1.000 0.01% 1,000 0.01% Paid in Capilal in tiycrss ol'l' 3.08% 5,000,000 87.68% 5,000,000 79.78% s.MO,OOO 71.40% 5,COO,FO 60 40% *Rctincd Emin, 0 0.00% 160.572 2.82% 473.745 7.58% 1,061,161 15.15% 1,887,122 22.80% YTII PrutiVl .ass 160,572 2 99O/0 313,172 5,4990 587,417 8.37% 825,961 11 78% 1,008.8A? 12.20%

Total Ownrm1 ~ ~ ~ l t y5,161,572 96.09% $ 5,474,745 96 00% S 6,062,161 46 73% $ 6,888,422 98.36% $ 7,897,970 95.41%S

-1/05 check 1670 Amount 3,50@.0*--____- . ; D I ? - c ~ u ~ ~ ! ~ ~ ~ C : -iii&7J=-ah&*.

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. . .---..A -r,:>i.7- .-.-=--:- .. , L-~--. .

Amount 1,500.00 ..

- . -?--

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11/15/05 Check 1708 Amount 1,750 l a . . - ;

22/30/05 Check 1707 . 3,500Amount.---

SUNLAND CONSTRUCITON INC.

G I I T ~Harris

'I'he Village Bank Consulting Fees

SUNLAND CONSTRUCITON 1NC.

4

- - . - . . - . - - - - . . . - .- - .... ... .......... . ..----.. _--.._--_-SUNLAND CONSTRUCITON INC.

0024.

--_ _ . . _ _ . _ _ _ _ _ _ _ _ , . . _ I _ ~ " ^ _ _ _ --__-__ A,,....--- ....____.---..-.-.... - . - - . -.-I--.. -----

SUNLAND CONSTRUCITON INC. 002264

mu-6-2886 08:26A FROM: T0:14356745839

SUNLAND CONSTRUCTION IMC. 210 W T ST. QE-E BWD. E

SI.GEORGE. UlMW770

1'1 P:

May 7 7 07 12:23p Corporate Office

JAN-25-2W5 07: FROM: - TO: 14356745839 - I

Depositl;.lr;>;;:. i t ~ : (chcdrOne! dche* ingr

mr.tn0 h * L v h 1 . l hhWt ACLIIC 1-1 number: