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<br />o <br /> <br />FINANCIAL RESOURCES <br /> <br />Ceres can provide performance and payment bonds from an 'A' rated, treasury-listed carrier in amounts <br />in excess of $400 million per project. With more than $60 million in liquid working capital and additional <br />credit lines available, a lack of financial resources is never an obstacle for Ceres. In addition to this, <br />owner and President David Mcintyre, has personally committed an additional $30 million of working <br />capital, totalina $90 million available to support the financial strenath of the company. <br /> <br />Ceres has an established solid 10 year banking relationship with Wells Fargo Bank as well as other <br />financial institutions. Financial concerns such as short term cash flow are not an obstacle for Ceres. <br />The company is able to perform work with its own funds and the timing of payments from customers is a <br />non-issue for the corporation. On the Hurricane Katrina Project, Ceres had up to $140 million in open <br />invoices to the USACE, without an interruption in work performance or delays in payments to the <br />subcontractors. <br /> <br />Bank of Record (Letters Attached): <br />Wells Fargo <br /> <br />C> <br /> <br />Surety Company Contact (Letter Attached): <br />Jack Cedarleaf II <br />Cedarleaf, Cedarleaf & Cedarleaf, Inc. <br />360 West Larpenteur Avenue <br />St. Paul, MN 55113 <br />651-488-6666 telephone <br /> <br />Insurance Company Information (Insurance Certificate Attached): <br />Rodney Skrypek <br />Lee F. Murphy, Inc. <br />2515 Wabash Avenue #300 <br />St. Paul, MN 55114-2000 <br />651-644-7200 telephone <br /> <br />(See Attachments) <br /> <br />o <br /> <br />C~RBsS <br /> <br />Tab B General Information <br />Section B.3 Financial Strength <br />Page 1 of 1 <br />