EX-10.185 29 dex10185.txt AMENDMENT 2 TO REVOLVING LOAN AGREEMENT Exhibit 10.185 [LETTERHEAD OF CIT] [LOGO] March 26, 2002 Mr. Brad Larson Meadow Valley Corporation 4411 South 40th Street Suite D-11 Phoenix AZ 85040 Re: Amendment No. 2 to Restated and Amended Revolving Loan Agreement (the "Agreement") dated July 27, 2001 between Meadow Valley Contractors, Inc. and The CIT Group/Equipment Financing, Inc. ("CIT") Dear Mr. Larson: The above Agreement is hereby amended as follows: Section 5. Interest. The rate is changed to "governing rate plus 1.50%". All other terms and conditions of the Agreement remain in full force and effect. Sincerely, /s/ Mark Saylor Mark Saylor The CIT Group/Equipment Financing, Inc. Agreed to: Meadow Valley Contractors, Inc. By: /s/ Bradley E. Larson Title: President -------------------------- -------------------- Guarantor Acknowledgement: Meadow Valley Corporation By: /s/ Kenneth D. Nelson Title: Vice President -------------------------- -------------------- [LETTERHEAD OF CIT] [LOGO] March 26, 2002 Mr. Brad Larson Meadow Valley Corporation 4411 South 40th Street Suite D-11 Phoenix AZ 85040 Re: Amendment No. 2 to Revolving Loan Agreement (the "Agreement") dated July 27, 2001 between Ready Mix, Inc. and The CIT Group/Equipment Financing, Inc. ("CIT") Dear Mr. Larson: The Agreement is hereby amended as follows: Section 5. Interest. The rate is changed to "governing rate plus 1.50" All other terms and conditions of the Agreement remain in full force and effect. Sincerely, /s/ Mark Saylor Mark Saylor The CIT Group/Equipment Financing, Inc. Agreed to: Ready Mix, INc. By: /s/ Kenneth D. Nelson Title: Vice President --------------------- -------------- Guarantor Acknowledgement: Meadow Valley Corporation By: /s/ Bradley E. Larson Title: President --------------------- --------------