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<br />- <br /> <br /> <br />NIEL,sON. ROSENHAUS & ASSOCIATES <br /> <br />~JAugust16,2010 <br />~4 <br /> <br />IIi Hamid Fouladl <br />() <br />/.: Tenex Enterprises <br />III <br />:~ 850 SW 14th Ct. <br />II <br />~\ Pompano Beach, FL 33060 <br />r( <br />"' <br />~.~ <br />.( <br />~; RE: <br />~( <br />" <br /> <br />Palm Beach Marine Construction. Inc. <br />Statement of Bondabillty <br /> <br />v) <br />/ <br />l) <br />1 Dear Mr. Fouladi: <br />() <br />(() <br />, <br />'. <br />::! This is to advise you that our office provides Bid, Performance, and Payment Bonds for Palm Beach <br />;,~ MarIne Construction, Inc. <br /> <br />d <br />~ <br />~ Based upon normal and standard underwriting criteria at the time of the request, we should be in a <br />:\~ position to provide a Performance and Payment Bonds for the above captioned account. We obviously <br />> <br />() reserve the right to review final contractual documents, bond forms and obtain satisfactory evidence of <br />(J <br /><'l funding prior to final commitment to Issue bonds, and we cannot assume Ilabllity to any third party, <br />(} including yourselves, if we do not execute said bonds. <br />'I, <br />I <br />III <br /> <br />." Palm Beach Marine Construction, Inc. is an excellent contractor and we hold them In highest regard. We <br />L'! <br />feel extremely confident In our contractor and encourage you to offer them an opportunity to execute <br />~:~ any upcoming projects. <br />II' <br />1ft <br /> <br />;;j This letter Is not an assumption of lIablllty, nor is it a bid or performance and payment bond. It is issued <br />.'- only as a bonding reference requested by our respected client <br /> <br />,:.1 <br /> <br />/ <br />",? Sincerely, <br /> <br />o <br />."i~ <br />.). <br />. <br /> <br /> <br />U Bre t Rosenhaus, <br />"'i FL Resident Agent <br /> <br />, . <br />n.~ <br />.( <br />-..f <br />4';1 <br /> <br />4000 Soutn S7tn Avenue <br />Suite 201 <br />lake Worth. FL 33463 <br />P: 561.432.5550 <br />F: 561.432 5442 <br /> <br />\:t"'l\'!,ni~I;-;()()h'(}1 Ii h COf,) <br />