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<br />Tenex Enterprises, Inc. <br />Statement of Cash Flows <br />For the Five Months ended May 31,2010 <br /> <br />Cash Flows From Operating Activities <br />Net Income <br />Adjustments to reconcile net income <br />to net cash provided by operating activities: <br /> <br />Depreciation <br /> <br />(Increase) decrease in: <br />Contract receivables <br />Costs and estimated earnings in excess of <br />billings on uncompleted contracts <br />Prepaid expenses <br /> <br />Increase (decrease) in: <br />Accounts payable & accrued expenses <br />Income tax payable <br />Deferred income tax payable <br />Billings in excess of costs and estimated earnings <br />on uncompleted contracts <br /> <br />Net Cash Used for Operating Activities <br /> <br />Cash Flows From Investing Activities <br />Purchases of property and equipment <br />Loans to shareholder <br />Credit line <br />Installment loan payments <br /> <br />Net (decrease) in Cash <br /> <br />Cash-December 31.2009 <br /> <br />Cash <br />at May 31,2010 <br /> <br />See accountants compilation report <br /> <br />29,811 <br /> <br />35,000 <br /> <br />(840,397) <br /> <br />7,835 <br />(107,181) <br /> <br />485,175 <br />o <br />5,200 <br /> <br />o <br /> <br />(384,557) <br /> <br />(100,700) <br />o <br />430,239 <br />(37,774) <br /> <br />291,765 <br /> <br />(92,792) <br /> <br />408,272 <br /> <br />315,480 <br />