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BOWEN FINANCIAL APPROACH: BONDING LETTER <br />CNASURETY <br />January 25, 2023 <br />RE: Bowen Engineering Corporation <br />8802 North Meridian Street <br />Indianapolis, IN 46260 <br />To whom it may concern: <br />Bowen Engineering Corporation is a highly regarded and valued client of Continental Casualty <br />Company (a CNA Surety Company). Continental Casualty Company has an A.M. Best Rating <br />of A XV and is listed on the U.S. Treasury Department's Listing of Approved Sureties. <br />We have had the privilege of providing bonds to Bowen Engineering Corporation for many <br />years. Based on their current financial position, we would consider providing surety bonds up to <br />$250,000,000 single project and a $500,000,000 total work program. Naturally, we would <br />expect that the execution of any final bonds would be subject to a review of the final contract <br />terms, conditions, and financing by our client and ourselves. <br />Any arrangement for bonds required by the contract is a matter between Bowen Engineering <br />Corporation and Continental Casualty Company and we assume no liability to you or third <br />parties, if for any reason we do not execute these bonds. <br />If you have any questions regarding this company and their performance history or capabilities, <br />please feel free to give me a call at (317) 853-3668. <br />Continental Casualty Company <br />Robert L. Sherfick <br />Attorney -In -Fact <br />