President:                 Terel Grimley (801) 621-6555 Ext 19 
                                    at Pineview Water Systems offices
Address:                    471 West 2^nd Street, Ogden, Utah

Executive Secretary: Joe Hill
Phone:                         (801) 782-6700
Address:
City & State

Water Source:             Pineview Reservoir

Total Shares:                172 owners of stock in the company.

Delivery:                     Two acre feet per share

Shares/acre:                1.5 - 2 shares per acre.

Annual Fee

Transferability:           Only within the company

Delivery Area:            North Ogden - Pleasant View etc.

Sale Price/Share:        Company is holding the stock price at $300 per share.

Rental Rate/Share:

History:

September 13, 2000     The Secretary Joe Hill gave me most of the above information.

October 19, 2000         Offer to purchase 30 share for $500 per share.

March 27, 2001             Terel Grimley, President said the last water shares the district
                                        purchased was $150 per share. He said the price may go as high
                                        as $500 per share. Ogden Standard Examiner had an classified
                                        ad with offer to purchase 30 shares for $500 per share.