Loading...
HomeMy WebLinkAboutCharles Doherty Concrete Inc; 2024-04-30; PWM24-3429FACWtDϮϰͲϯϰϮϵ& WŝŶĞĞĂĐŚůŽĐŬŚŽƵƐĞhƌŐĞŶƚŽŶĐƌĞƚĞZĞŵŽǀĂůΘZĞƉůĂĐĞŵĞŶƚWĂŐĞϭ ŝƚLJƚƚŽƌŶĞLJƉƉƌŽǀĞĚϲͬϯϬͬϮϬϮϯ /dzK&Z>^ D/EKZWh>/tKZ<^KEdZd W/E,>K<,Kh^hZ'EdKEZdZDKs>EZW>DEd   dŚŝƐ Zd/&/d/KE K& 'ZDEd ŝƐ ĞŶƚĞƌĞĚ ŝŶƚŽ ĂƐ ŽĨ ƚŚĞ ͺͺͺͺͺͺͺͺͺͺͺͺͺͺ ĚĂLJ ŽĨ ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ͕ϮϬϮϰ͕ďƵƚĞĨĨĞĐƚŝǀĞƉƌŝůϭϭ͕ϮϬϮϰ͕ďLJĂŶĚďĞƚǁĞĞŶƚŚĞŝƚLJŽĨĂƌůƐďĂĚ͕ ĂůŝĨŽƌŶŝĂ͕ Ă ŵƵŶŝĐŝƉĂů ĐŽƌƉŽƌĂƚŝŽŶ ;ŚĞƌĞŝŶĂĨƚĞƌ ĐĂůůĞĚ ΗŝƚLJΗͿ͕ ĂŶĚ ŚĂƌůĞƐ ŽŚĞƌƚLJ ŽŶĐƌĞƚĞ /ŶĐ͕͘ Ă ĂůŝĨŽƌŶŝĂĐŽƌƉŽƌĂƚŝŽŶ͕ǁŚŽƐĞƉƌŝŶĐŝƉĂůƉůĂĐĞŽĨďƵƐŝŶĞƐƐŝƐϮϴϱϬ/ŶĚƵƐƚƌLJ^ƚƌĞĞƚ͕KĐĞĂŶƐŝĚĞ͕ĂůŝĨŽƌŶŝĂ ϵϮϬϱϰ;ŚĞƌĞŝŶĂĨƚĞƌĐĂůůĞĚΗŽŶƚƌĂĐƚŽƌΗͿ͘  ŝƚLJĂŶĚŽŶƚƌĂĐƚŽƌĂŐƌĞĞĂƐĨŽůůŽǁƐ͗  ^Z/Wd/KEK&tKZ<͘ŽŶƚƌĂĐƚŽƌƉĞƌĨŽƌŵĞĚĂůůǁŽƌŬƐƉĞĐŝĨŝĞĚŝŶƚŚĞŽŶƚƌĂĐƚĚŽĐƵŵĞŶƚƐĨŽƌƚŚĞ ƉƌŽũĞĐƚĚĞƐĐƌŝďĞĚďLJƚŚĞƐĞŽŶƚƌĂĐƚŽĐƵŵĞŶƚƐ;ŚĞƌĞŝŶĂĨƚĞƌĐĂůůĞĚΗWƌŽũĞĐƚΗͿ͘  WZKs/^/KE^K&>KZEDdZ/>^͘ŽŶƚƌĂĐƚŽƌƉƌŽǀŝĚĞĚĂůůůĂďŽƌ͕ŵĂƚĞƌŝĂůƐ͕ƚŽŽůƐ͕ĞƋƵŝƉŵĞŶƚ͕ĂŶĚ ƉĞƌƐŽŶŶĞůƚŽƉĞƌĨŽƌŵƚŚĞǁŽƌŬƐƉĞĐŝĨŝĞĚďLJƚŚĞŽŶƚƌĂĐƚŽĐƵŵĞŶƚƐƵŶůĞƐƐĞdžĐĞƉƚĞĚĞůƐĞǁŚĞƌĞŝŶƚŚŝƐ ŽŶƚƌĂĐƚ͘  KEdZdKhDEd^͘dŚĞŽŶƚƌĂĐƚŽĐƵŵĞŶƚƐĐŽŶƐŝƐƚŽĨƚŚŝƐŽŶƚƌĂĐƚ͕ĞdžŚŝďŝƚƐƚŽƚŚŝƐŽŶƚƌĂĐƚ͕ ŽŶƚƌĂĐƚŽƌΖƐWƌŽƉŽƐĂů͕ƚŚĞWůĂŶƐĂŶĚ^ƉĞĐŝĨŝĐĂƚŝŽŶƐ͕ƚŚĞ'ĞŶĞƌĂůWƌŽǀŝƐŝŽŶƐ͕ĂƐĐŽŶƚĂŝŶĞĚŝŶƚŚĞ^ƚĂŶĚĂƌĚ ^ƉĞĐŝĨŝĐĂƚŝŽŶƐĨŽƌWƵďůŝĐtŽƌŬƐŽŶƐƚƌƵĐƚŝŽŶ͞'ƌĞĞŶŬ͕͟ůĂƚĞƐƚĞĚŝƚŝŽŶĂŶĚŝŶĐůƵĚŝŶŐĂůůĞƌƌĂƚĂ͖WĂƌƚϭ 'ĞŶĞƌĂů WƌŽǀŝƐŝŽŶƐ͕ ĂĚĚĞŶĚƵŵ;ƐͿ ƚŽ ƐĂŝĚ WůĂŶƐ ĂŶĚ ^ƉĞĐŝĨŝĐĂƚŝŽŶƐ͕ĂŶĚĂůůƉƌŽƉĞƌĂŵĞŶĚŵĞŶƚƐĂŶĚ ĐŚĂŶŐĞƐŵĂĚĞƚŚĞƌĞƚŽŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚŝƐŽŶƚƌĂĐƚŽƌƚŚĞWůĂŶƐĂŶĚ^ƉĞĐŝĨŝĐĂƚŝŽŶƐ͕ĂůůŽĨǁŚŝĐŚĂƌĞ ŝŶĐŽƌƉŽƌĂƚĞĚŚĞƌĞŝŶďLJƚŚŝƐƌĞĨĞƌĞŶĐĞ͘tŚĞŶŝŶĐŽŶĨůŝĐƚ͕ƚŚŝƐŽŶƚƌĂĐƚǁŝůůƐƵƉĞƌƐĞĚĞƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐ ŝŶƚŚĞŽŶƚƌĂĐƚŽƌ͛ƐƉƌŽƉŽƐĂů͘  >KZ͘ŽŶƚƌĂĐƚŽƌǁŝůůĞŵƉůŽLJŽŶůLJƐŬŝůůĞĚǁŽƌŬĞƌƐĂŶĚĂďŝĚĞďLJĂůů^ƚĂƚĞůĂǁƐĂŶĚŝƚLJŽĨĂƌůƐďĂĚ KƌĚŝŶĂŶĐĞƐŐŽǀĞƌŶŝŶŐůĂďŽƌ͘  'hZEd͘ŽŶƚƌĂĐƚŽƌŐƵĂƌĂŶƚĞĞƐĂůůůĂďŽƌĂŶĚŵĂƚĞƌŝĂůƐĨƵƌŶŝƐŚĞĚĂŶĚĂŐƌĞĞƐƚŽĐŽŵƉůĞƚĞƚŚĞWƌŽũĞĐƚ ŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚĚŝƌĞĐƚŝŽŶƐĂŶĚƐƵďũĞĐƚƚŽŝŶƐƉĞĐƚŝŽŶĂƉƉƌŽǀĂůĂŶĚĂĐĐĞƉƚĂŶĐĞďLJƌŝĂŶĂĐĂƌĚŝ;ŝƚLJ WƌŽũĞĐƚDĂŶĂŐĞƌͿ͘  WzDEd͘dŚĞŝƚLJƐŚĂůůǁŝƚŚŚŽůĚƌĞƚĞŶƚŝŽŶĂƐƌĞƋƵŝƌĞĚďLJWƵďůŝĐŽŶƚƌĂĐƚŽĚĞ^ĞĐƚŝŽŶϵϮϬϯ͘  t'Zd^͘dŚĞŐĞŶĞƌĂůƉƌĞǀĂŝůŝŶŐƌĂƚĞŽĨǁĂŐĞƐĨŽƌĞĂĐŚĐƌĂĨƚŽƌƚLJƉĞŽĨǁŽƌŬĞƌŶĞĞĚĞĚƚŽĞdžĞĐƵƚĞ ƚŚĞŽŶƚƌĂĐƚƐŚĂůůďĞƚŚŽƐĞĂƐĚĞƚĞƌŵŝŶĞĚďLJƚŚĞŝƌĞĐƚŽƌŽĨ/ŶĚƵƐƚƌŝĂůZĞůĂƚŝŽŶƐƉƵƌƐƵĂŶƚƚŽ^ĞĐƚŝŽŶƐ ϭϳϳϬ͕ϭϳϳϯĂŶĚϭϳϳϯ͘ϭŽĨƚŚĞ>ĂďŽƌŽĚĞ͘WƵƌƐƵĂŶƚƚŽ^ĞĐƚŝŽŶϭϳϳϯ͘ϮŽĨƚŚĞ>ĂďŽƌŽĚĞ͕ĂĐƵƌƌĞŶƚĐŽƉLJ ŽĨƚŚĞĂƉƉůŝĐĂďůĞǁĂŐĞƌĂƚĞƐŝƐŽŶĨŝůĞŝŶƚŚĞKĨĨŝĐĞŽĨƚŚĞŝƚLJŶŐŝŶĞĞƌ͘ŽŶƚƌĂĐƚŽƌƐŚĂůůŶŽƚƉĂLJůĞƐƐƚŚĂŶ ƚŚĞƐĂŝĚƐƉĞĐŝĨŝĞĚƉƌĞǀĂŝůŝŶŐƌĂƚĞƐŽĨǁĂŐĞƐƚŽĂůůǁŽƌŬĞƌƐĞŵƉůŽLJĞĚďLJŚŝŵŽƌŚĞƌŝŶĞdžĞĐƵƚŝŽŶŽĨƚŚĞ ŽŶƚƌĂĐƚ͘  ŽŶƚƌĂĐƚŽƌƐŚĂůůďĞƌĞƐƉŽŶƐŝďůĞĨŽƌŝŶƐƵƌŝŶŐĐŽŵƉůŝĂŶĐĞǁŝƚŚƉƌŽǀŝƐŝŽŶƐŽĨƐĞĐƚŝŽŶϭϳϳϳ͘ϱŽĨƚŚĞ>ĂďŽƌ ŽĚĞĂŶĚƐĞĐƚŝŽŶϰϭϬϬĞƚƐĞƋ͘ŽĨƚŚĞWƵďůŝĐŽŶƚƌĂĐƚƐŽĚĞ͕Η^ƵďůĞƚƚŝŶŐĂŶĚ^ƵďĐŽŶƚƌĂĐƚŝŶŐ&ĂŝƌWƌĂĐƚŝĐĞƐ Đƚ͘ΗdŚĞŝƚLJŶŐŝŶĞĞƌŝƐƚŚĞŝƚLJΖƐΗĚƵůLJĂƵƚŚŽƌŝnjĞĚŽĨĨŝĐĞƌΗĨŽƌƚŚĞƉƵƌƉŽƐĞƐŽĨƐĞĐƚŝŽŶϰϭϬϳĂŶĚϰϭϬϳ͘ϱ͘                WtDϮϰͲϯϰϮϵ& WŝŶĞĞĂĐŚůŽĐŬŚŽƵƐĞhƌŐĞŶƚŽŶĐƌĞƚĞZĞŵŽǀĂůΘZĞƉůĂĐĞŵĞŶƚWĂŐĞϮ ŝƚLJƚƚŽƌŶĞLJƉƉƌŽǀĞĚϲͬϯϬͬϮϬϮϯ dŚĞƉƌŽǀŝƐŝŽŶƐŽĨWĂƌƚϳ͕ŚĂƉƚĞƌϭ͕ŽĨƚŚĞ>ĂďŽƌŽĚĞĐŽŵŵĞŶĐŝŶŐǁŝƚŚƐĞĐƚŝŽŶϭϳϮϬƐŚĂůůĂƉƉůLJƚŽƚŚĞ ŽŶƚƌĂĐƚĨŽƌǁŽƌŬ͘  ĐŽŶƚƌĂĐƚŽƌŽƌƐƵďĐŽŶƚƌĂĐƚŽƌƐŚĂůůŶŽƚďĞƋƵĂůŝĨŝĞĚƚŽďŝĚŽŶ͕ďĞůŝƐƚĞĚŝŶĂďŝĚƉƌŽƉŽƐĂů͕ƐƵďũĞĐƚƚŽƚŚĞ ƌĞƋƵŝƌĞŵĞŶƚƐŽĨ^ĞĐƚŝŽŶϰϭϬϰŽĨƚŚĞWƵďůŝĐŽŶƚƌĂĐƚŽĚĞ͕ŽƌĞŶŐĂŐĞŝŶƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨĂŶLJĐŽŶƚƌĂĐƚ ĨŽƌƉƵďůŝĐǁŽƌŬ͕ƵŶůĞƐƐĐƵƌƌĞŶƚůLJƌĞŐŝƐƚĞƌĞĚĂŶĚƋƵĂůŝĨŝĞĚƚŽƉĞƌĨŽƌŵƉƵďůŝĐǁŽƌŬƉƵƌƐƵĂŶƚƚŽ^ĞĐƚŝŽŶ ϭϳϮϱ͘ϱ͘dŚŝƐƉƌŽũĞĐƚŝƐƐƵďũĞĐƚƚŽĐŽŵƉůŝĂŶĐĞŵŽŶŝƚŽƌŝŶŐĂŶĚĞŶĨŽƌĐĞŵĞŶƚďLJƚŚĞĞƉĂƌƚŵĞŶƚŽĨ/ŶĚƵƐƚƌŝĂů ZĞůĂƚŝŽŶƐ͘  ŽŶƚƌĂĐƚŽƌĂŶĚĂŶLJƐƵďĐŽŶƚƌĂĐƚŽƌƐƐŚĂůůĐŽŵƉůLJǁŝƚŚ^ĞĐƚŝŽŶϭϳϳϲŽĨƚŚĞĂůŝĨŽƌŶŝĂ>ĂďŽƌŽĚĞ͕ǁŚŝĐŚ ŐĞŶĞƌĂůůLJƌĞƋƵŝƌĞƐŬĞĞƉŝŶŐĂĐĐƵƌĂƚĞƉĂLJƌŽůůƌĞĐŽƌĚƐ͕ǀĞƌŝĨLJŝŶŐĂŶĚĐĞƌƚŝĨLJŝŶŐƉĂLJƌŽůůƌĞĐŽƌĚƐ͕ĂŶĚŵĂŬŝŶŐ ƚŚĞŵĂǀĂŝůĂďůĞĨŽƌŝŶƐƉĞĐƚŝŽŶ͘ŽŶƚƌĂĐƚŽƌƐŚĂůůƌĞƋƵŝƌĞĂŶLJƐƵďĐŽŶƚƌĂĐƚŽƌƐƚŽĐŽŵƉůLJǁŝƚŚ^ĞĐƚŝŽŶϭϳϳϲ͘  >/&KZE//ZZ^KhZ^KZ;ZͿsE>E&>d^Z'h>d/KE͘ŽŶƚƌĂĐƚŽƌ͛Ɛ ǀĞŚŝĐůĞƐǁŝƚŚĂŐƌŽƐƐǀĞŚŝĐůĞǁĞŝŐŚƚƌĂƚŝŶŐŐƌĞĂƚĞƌƚŚĂŶϴ͕ϱϬϬůďƐ͘ĂŶĚůŝŐŚƚͲĚƵƚLJƉĂĐŬĂŐĞĚĞůŝǀĞƌLJǀĞŚŝĐůĞƐ ŽƉĞƌĂƚĞĚŝŶĂůŝĨŽƌŶŝĂŵĂLJďĞƐƵďũĞĐƚƚŽƚŚĞĂůŝĨŽƌŶŝĂŝƌZĞƐŽƵƌĐĞƐŽĂƌĚ;ZͿĚǀĂŶĐĞĚůĞĂŶ&ůĞĞƚƐ ƌĞŐƵůĂƚŝŽŶƐ͘^ƵĐŚǀĞŚŝĐůĞƐŵĂLJƚŚĞƌĞĨŽƌĞďĞƐƵďũĞĐƚƚŽƌĞƋƵŝƌĞŵĞŶƚƐƚŽƌĞĚƵĐĞĞŵŝƐƐŝŽŶƐŽĨĂŝƌƉŽůůƵƚĂŶƚƐ͘ &Žƌ ŵŽƌĞ ŝŶĨŽƌŵĂƚŝŽŶ͕ ƉůĞĂƐĞ ǀŝƐŝƚ ƚŚĞ Z ĚǀĂŶĐĞĚ ůĞĂŶ &ůĞĞƚƐ ǁĞďƉĂŐĞ Ăƚ ŚƚƚƉƐ͗ͬͬǁǁϮ͘Ăƌď͘ĐĂ͘ŐŽǀͬŽƵƌͲǁŽƌŬͬƉƌŽŐƌĂŵƐͬĂĚǀĂŶĐĞĚͲĐůĞĂŶͲĨůĞĞƚƐ͘  >/&KZE//ZZ^KhZ^KZ;ZͿ/EͲh^K&&ͲZK/^>&h>&>d^Z'h>d/KE͘ ŽŶƚƌĂĐƚŽƌƐĂƌĞƌĞƋƵŝƌĞĚƚŽĐŽŵƉůLJǁŝƚŚƚŚĞƌĞƋƵŝƌĞŵĞŶƚƐŽĨƚŚĞ/ŶͲhƐĞKĨĨͲZŽĂĚŝĞƐĞůͲ&ƵĞůĞĚ&ůĞĞƚ ƌĞŐƵůĂƚŝŽŶƐ͕ŝŶĐůƵĚŝŶŐ͕ǁŝƚŚŽƵƚůŝŵŝƚĂƚŝŽŶ͕ĐŽŵƉůŝĂŶĐĞǁŝƚŚdŝƚůĞϭϯŽĨƚŚĞĂůŝĨŽƌŶŝĂŽĚĞŽĨZĞŐƵůĂƚŝŽŶƐ ƐĞĐƚŝŽŶϮϰϰϵĞƚƐĞƋ͘ƚŚƌŽƵŐŚŽƵƚƚŚĞƚĞƌŵŽĨƚŚĞWƌŽũĞĐƚ͘DŽƌĞŝŶĨŽƌŵĂƚŝŽŶĂďŽƵƚƚŚĞƌĞƋƵŝƌĞŵĞŶƚƐĂŶĚ ŽŶƚƌĂĐƚŽƌ͛ƐƌĞƋƵŝƌĞĚĐĞƌƚŝĨŝĐĂƚŝŽŶŝƐƉƌŽǀŝĚĞĚŝŶdžŚŝďŝƚ͘  KE^dZhd/KEDE'DEd^K&dtZ͘WƌŽĐŽƌĞWƌŽũĞĐƚDĂŶĂŐĞŵĞŶƚĂŶĚŽůůĂďŽƌĂƚŝŽŶ^LJƐƚĞŵ͘ dŚŝƐ ƉƌŽũĞĐƚ ŵĂLJ ƵƚŝůŝnjĞ ƚŚĞ KǁŶĞƌ͛Ɛ WƌŽĐŽƌĞ;ǁǁǁ͘ƉƌŽĐŽƌĞ͘ĐŽŵͿ ŽŶůŝŶĞ ƉƌŽũĞĐƚ ŵĂŶĂŐĞŵĞŶƚ ĂŶĚ ĚŽĐƵŵĞŶƚĐŽŶƚƌŽůƉůĂƚĨŽƌŵ͘dŚĞŝŶƚĞŶƚŽĨƵƚŝůŝnjŝŶŐWƌŽĐŽƌĞŝƐƚŽƌĞĚƵĐĞĐŽƐƚĂŶĚƐĐŚĞĚƵůĞƌŝƐŬ͕ŝŵƉƌŽǀĞ ƋƵĂůŝƚLJĂŶĚƐĂĨĞƚLJ͕ĂŶĚŵĂŝŶƚĂŝŶĂŚĞĂůƚŚLJƚĞĂŵĚLJŶĂŵŝĐďLJŝŵƉƌŽǀŝŶŐŝŶĨŽƌŵĂƚŝŽŶĨůŽǁ͕ƌĞĚƵĐŝŶŐŶŽŶͲ ƉƌŽĚƵĐƚŝǀĞĂĐƚŝǀŝƚŝĞƐ͕ƌĞĚƵĐŝŶŐƌĞǁŽƌŬĂŶĚĚĞĐƌĞĂƐŝŶŐƚƵƌŶĂƌŽƵŶĚƚŝŵĞƐ͘dŚĞŽŶƚƌĂĐƚŽƌŝƐƌĞƋƵŝƌĞĚƚŽ ĐƌĞĂƚĞĂĨƌĞĞǁĞďͲďĂƐĞĚWƌŽĐŽƌĞƵƐĞƌĂĐĐŽƵŶƚ;ƐͿĂŶĚƵƚŝůŝnjĞǁĞďͲďĂƐĞĚƚƌĂŝŶŝŶŐͬƚƵƚŽƌŝĂůƐ;ĂƐŶĞĞĚĞĚͿƚŽ ďĞĐŽŵĞĨĂŵŝůŝĂƌǁŝƚŚƚŚĞƐLJƐƚĞŵ͘hŶůĞƐƐƚŚĞŶŐŝŶĞĞƌĂƉƉƌŽǀĞƐŽƚŚĞƌǁŝƐĞ͕ƚŚĞŽŶƚƌĂĐƚŽƌƐŚĂůůƉƌŽĐĞƐƐ ĂůůƉƌŽũĞĐƚĚŽĐƵŵĞŶƚƐƚŚƌŽƵŐŚWƌŽĐŽƌĞďĞĐĂƵƐĞƚŚŝƐƉůĂƚĨŽƌŵǁŝůůďĞƵƐĞĚƚŽƐƵďŵŝƚ͕ƚƌĂĐŬ͕ĚŝƐƚƌŝďƵƚĞĂŶĚ ĐŽůůĂďŽƌĂƚĞŽŶƉƌŽũĞĐƚ͘/ĨƵŶĨĂŵŝůŝĂƌŽƌŶŽƚŽƚŚĞƌǁŝƐĞƚƌĂŝŶĞĚǁŝƚŚWƌŽĐŽƌĞ͕ŽŶƚƌĂĐƚŽƌĂŶĚĂƉƉůŝĐĂďůĞ ƚĞĂŵ ŵĞŵďĞƌƐ ƐŚĂůů ĐŽŵƉůĞƚĞ Ă ĨƌĞĞ ƚƌĂŝŶŝŶŐ ĐĞƌƚŝĨŝĐĂƚŝŽŶ ĐŽƵƌƐĞ ůŽĐĂƚĞĚ Ăƚ ŚƚƚƉ͗ͬͬůĞĂƌŶ͘ƉƌŽĐŽƌĞ͘ĐŽŵͬƉƌŽĐŽƌĞͲĐĞƌƚŝĨŝĐĂƚŝŽŶͲƐƵďĐŽŶƚƌĂĐƚŽƌ͘dŚĞŽŶƚƌĂĐƚŽƌŝƐƌĞƐƉŽŶƐŝďůĞĨŽƌĂƚƚĂŝŶŝŶŐ ƚŚĞŝƌŽǁŶWƌŽĐŽƌĞƐƵƉƉŽƌƚ͕ĂƐŶĞĞĚĞĚ͕ĞŝƚŚĞƌƚŚƌŽƵŐŚƚŚĞŽŶůŝŶĞƚƌĂŝŶŝŶŐŽƌƌĞĂĐŚŝŶŐŽƵƚƚŽƚŚĞWƌŽĐŽƌĞ ƐƵƉƉŽƌƚƚĞĂŵ͘/ƚǁŝůůďĞƚŚĞƌĞƐƉŽŶƐŝďŝůŝƚLJŽĨƚŚĞŽŶƚƌĂĐƚŽƌƚŽƌĞŐƵůĂƌůLJĐŚĞĐŬWƌŽĐŽƌĞĂŶĚƌĞǀŝĞǁƵƉĚĂƚĞĚ ĚŽĐƵŵĞŶƚƐĂƐƚŚĞLJĂƌĞĂĚĚĞĚ͘dŚĞƌĞǁŝůůďĞŶŽĐŽƐƚƚŽƚŚĞŽŶƚƌĂĐƚŽƌĨŽƌƵƐĞŽĨWƌŽĐŽƌĞ͘  /ƚ ŝƐ ƌĞĐŽŵŵĞŶĚĞĚ ƚŚĂƚ ƚŚĞ ŽŶƚƌĂĐƚŽƌ ƉƌŽǀŝĚĞ ŵŽďŝůĞ ĂĐĐĞƐƐ ĨŽƌ tŝŶĚŽǁƐ͕ ŝK^ ůŽĐĂƚĞĚ Ăƚ ŚƚƚƉƐ͗ͬͬĂƉƉƐ͘ĂƉƉůĞ͘ĐŽŵͬƵƐͬĂƉƉͬƉƌŽĐŽƌĞͲĐŽŶƐƚƌƵĐƚŝŽŶͲŵĂŶĂŐĞŵĞŶƚͬŝĚϯϳϰϵϯϬϱϰϮŽƌŶĚƌŽŝĚĚĞǀŝĐĞƐ ůŽĐĂƚĞĚĂƚŚƚƚƉƐ͗ͬͬƉůĂLJ͘ŐŽŽŐůĞ͘ĐŽŵͬƐƚŽƌĞͬĂƉƉƐͬĚĞƚĂŝůƐ͍ŝĚсĐŽŵ͘ƉƌŽĐŽƌĞ͘ĂĐƚŝǀŝƚŝĞƐǁŝƚŚƚŚĞWƌŽĐŽƌĞƉƉ ŝŶƐƚĂůůĞĚ ƚŽ Ăƚ ůĞĂƐƚ ŽŶĞ ŽŶͲƐŝƚĞ ŝŶĚŝǀŝĚƵĂů ƚŽ ƉƌŽǀŝĚĞ ƌĞĂůͲƚŝŵĞ ĂĐĐĞƐƐ ƚŽ ĐƵƌƌĞŶƚ ƉŽƐƚĞĚ ĚƌĂǁŝŶŐƐ͕ ƐƉĞĐŝĨŝĐĂƚŝŽŶƐ͕Z&/Ɛ͕ƐƵďŵŝƚƚĂůƐ͕ƐĐŚĞĚƵůĞƐ͕ĐŚĂŶŐĞŽƌĚĞƌƐ͕ƉƌŽũĞĐƚĚŽĐƵŵĞŶƚƐ͕ĂƐǁĞůůĂƐĂŶLJĚĞĨŝĐŝĞŶƚ ŽďƐĞƌǀĂƚŝŽŶƐŽƌƉƵŶĐŚůŝƐƚŝƚĞŵƐ͘WƌŽǀŝĚŝŶŐŵŽďŝůĞĂĐĐĞƐƐǁŝůůŝŵƉƌŽǀĞĐŽŵŵƵŶŝĐĂƚŝŽŶ͕ĞĨĨŝĐŝĞŶĐLJ͕ĂŶĚ           WtDϮϰͲϯϰϮϵ& WŝŶĞĞĂĐŚůŽĐŬŚŽƵƐĞhƌŐĞŶƚŽŶĐƌĞƚĞZĞŵŽǀĂůΘZĞƉůĂĐĞŵĞŶƚWĂŐĞϯ ŝƚLJƚƚŽƌŶĞLJƉƉƌŽǀĞĚϲͬϯϬͬϮϬϮϯ ƉƌŽĚƵĐƚŝǀŝƚLJĨŽƌĂůůƉĂƌƚŝĞƐ͘dŚĞƵƐĞŽĨWƌŽĐŽƌĞĨŽƌƉƌŽũĞĐƚŵĂŶĂŐĞŵĞŶƚĚŽĞƐŶŽƚƌĞůŝĞǀĞƚŚĞĐŽŶƚƌĂĐƚŽƌŽĨ ĂŶLJŽƚŚĞƌƌĞƋƵŝƌĞŵĞŶƚƐĂƐŵĂLJďĞƐƉĞĐŝĨŝĞĚŝŶƚŚĞĐŽŶƚƌĂĐƚĚŽĐƵŵĞŶƚƐ͘  &>^>/D^͘ŽŶƚƌĂĐƚŽƌŚĞƌĞďLJĂŐƌĞĞƐƚŚĂƚĂŶLJĐŽŶƚƌĂĐƚĐůĂŝŵƐƵďŵŝƚƚĞĚƚŽƚŚĞŝƚLJŵƵƐƚďĞĂƐƐĞƌƚĞĚ ĂƐƉĂƌƚŽĨƚŚĞĐŽŶƚƌĂĐƚƉƌŽĐĞƐƐĂƐƐĞƚĨŽƌƚŚŝŶƚŚŝƐĂŐƌĞĞŵĞŶƚĂŶĚŶŽƚŝŶĂŶƚŝĐŝƉĂƚŝŽŶŽĨůŝƚŝŐĂƚŝŽŶŽƌŝŶ ĐŽŶũƵŶĐƚŝŽŶǁŝƚŚůŝƚŝŐĂƚŝŽŶ͘  ŽŶƚƌĂĐƚŽƌĂĐŬŶŽǁůĞĚŐĞƐƚŚĂƚĂůŝĨŽƌŶŝĂ'ŽǀĞƌŶŵĞŶƚŽĚĞƐĞĐƚŝŽŶƐϭϮϲϱϬĞƚƐĞƋ͕͘ƚŚĞ&ĂůƐĞůĂŝŵƐĐƚ͕ ƉƌŽǀŝĚĞƐĨŽƌĐŝǀŝůƉĞŶĂůƚŝĞƐǁŚĞƌĞĂƉĞƌƐŽŶŬŶŽǁŝŶŐůLJƐƵďŵŝƚƐĂĨĂůƐĞĐůĂŝŵƚŽĂƉƵďůŝĐĞŶƚŝƚLJ͘dŚĞƐĞ ƉƌŽǀŝƐŝŽŶƐŝŶĐůƵĚĞĨĂůƐĞĐůĂŝŵƐŵĂĚĞǁŝƚŚĚĞůŝďĞƌĂƚĞŝŐŶŽƌĂŶĐĞŽĨƚŚĞĨĂůƐĞŝŶĨŽƌŵĂƚŝŽŶŽƌŝŶƌĞĐŬůĞƐƐ ĚŝƐƌĞŐĂƌĚŽĨƚŚĞƚƌƵƚŚŽƌĨĂůƐŝƚLJŽĨƚŚĞŝŶĨŽƌŵĂƚŝŽŶ͘  dŚĞƉƌŽǀŝƐŝŽŶƐŽĨĂƌůƐďĂĚDƵŶŝĐŝƉĂůŽĚĞƐĞĐƚŝŽŶƐϯ͘ϯϮ͘ϬϮϱ͕ϯ͘ϯϮ͘ϬϮϲ͕ϯ͘ϯϮ͘ϬϮϳĂŶĚϯ͘ϯϮ͘ϬϮϴƉĞƌƚĂŝŶŝŶŐ ƚŽĨĂůƐĞĐůĂŝŵƐĂƌĞŝŶĐŽƌƉŽƌĂƚĞĚŚĞƌĞŝŶďLJƌĞĨĞƌĞŶĐĞ͘ ŽŶƚƌĂĐƚŽƌ ŚĞƌĞďLJ ĂĐŬŶŽǁůĞĚŐĞƐ ƚŚĂƚ ƚŚĞ ĨŝůŝŶŐ ŽĨ Ă ĨĂůƐĞ ĐůĂŝŵŵĂLJƐƵďũĞĐƚƚŚĞŽŶƚƌĂĐƚŽƌƚŽĂŶ ĂĚŵŝŶŝƐƚƌĂƚŝǀĞĚĞďĂƌŵĞŶƚƉƌŽĐĞĞĚŝŶŐǁŚĞƌĞŝŶƚŚĞĐŽŶƚƌĂĐƚŽƌŵĂLJďĞƉƌĞǀĞŶƚĞĚĨƌŽŵĨƵƌƚŚĞƌďŝĚĚŝŶŐŽŶ ƉƵďůŝĐĐŽŶƚƌĂĐƚƐĨŽƌĂƉĞƌŝŽĚŽĨƵƉƚŽĨŝǀĞLJĞĂƌƐĂŶĚƚŚĂƚĚĞďĂƌŵĞŶƚďLJĂŶŽƚŚĞƌũƵƌŝƐĚŝĐƚŝŽŶŝƐŐƌŽƵŶĚƐĨŽƌ ƚŚĞŝƚLJŽĨĂƌůƐďĂĚƚŽĚŝƐƋƵĂůŝĨLJƚŚĞŽŶƚƌĂĐƚŽƌŽƌƐƵďĐŽŶƚƌĂĐƚŽƌĨƌŽŵƉĂƌƚŝĐŝƉĂƚŝŶŐŝŶĐŽŶƚƌĂĐƚďŝĚĚŝŶŐ͘   ^ŝŐŶĂƚƵƌĞ͗ ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ  WƌŝŶƚEĂŵĞ͗ ͺͺͺͺͺͺͺͺŚĂƌůĞƐŽŚĞƌƚLJͺͺͺͺͺͺͺͺͺͺͺͺͺͺ  ZYh/Z/E^hZE͘dŚĞƐƵĐĐĞƐƐĨƵůĐŽŶƚƌĂĐƚŽƌƐŚĂůůƉƌŽǀŝĚĞƚŽƚŚĞŝƚLJŽĨĂƌůƐďĂĚ͕ĂĞƌƚŝĨŝĐĂƚŝŽŶŽĨ ŽŵŵĞƌĐŝĂů'ĞŶĞƌĂů>ŝĂďŝůŝƚLJĂŶĚWƌŽƉĞƌƚLJĂŵĂŐĞ/ŶƐƵƌĂŶĐĞĂŶĚĂĞƌƚŝĨŝĐĂƚĞŽĨtŽƌŬĞƌƐ͛ŽŵƉĞŶƐĂƚŝŽŶ /ŶƐƵƌĂŶĐĞŝŶĚŝĐĂƚŝŶŐĐŽǀĞƌĂŐĞŝŶĂĨŽƌŵĂƉƉƌŽǀĞĚďLJƚŚĞĂůŝĨŽƌŶŝĂ/ŶƐƵƌĂŶĐĞŽŵŵŝƐƐŝŽŶ͘dŚĞĐĞƌƚŝĨŝĐĂƚĞƐ ƐŚĂůůŝŶĚŝĐĂƚĞĐŽǀĞƌĂŐĞĚƵƌŝŶŐƚŚĞƉĞƌŝŽĚŽĨƚŚĞĐŽŶƚƌĂĐƚĂŶĚŵƵƐƚďĞĨƵƌŶŝƐŚĞĚƚŽƚŚĞŝƚLJƉƌŝŽƌƚŽƚŚĞ ƐƚĂƌƚŽĨǁŽƌŬ͘dŚĞŵŝŶŝŵƵŵůŝŵŝƚƐŽĨůŝĂďŝůŝƚLJŝŶƐƵƌĂŶĐĞĂƌĞƚŽďĞƉůĂĐĞĚǁŝƚŚĂůŝĨŽƌŶŝĂĂĚŵŝƚƚĞĚŝŶƐƵƌĞƌƐ ƚŚĂƚŚĂǀĞĂĐƵƌƌĞŶƚĞƐƚΖƐ<ĞLJZĂƚŝŶŐŽĨŶŽƚůĞƐƐƚŚĂŶΗͲ͗s//Η͖KZǁŝƚŚĂƐƵƌƉůƵƐůŝŶĞŝŶƐƵƌĞƌŽŶƚŚĞ^ƚĂƚĞ ŽĨĂůŝĨŽƌŶŝĂ͛Ɛ>ŝƐƚŽĨƉƉƌŽǀĞĚ^ƵƌƉůƵƐ>ŝŶĞ/ŶƐƵƌĞƌƐ;>^>/ͿǁŝƚŚĂƌĂƚŝŶŐŝŶƚŚĞůĂƚĞƐƚĞƐƚ͛Ɛ<ĞLJZĂƚŝŶŐ 'ƵŝĚĞŽĨĂƚůĞĂƐƚ͗͞y͖͟KZĂŶĂůŝĞŶŶŽŶͲĂĚŵŝƚƚĞĚŝŶƐƵƌĞƌůŝƐƚĞĚďLJƚŚĞEĂƚŝŽŶĂůƐƐŽĐŝĂƚŝŽŶŽĨ/ŶƐƵƌĂŶĐĞ ŽŵŵŝƐƐŝŽŶĞƌƐ;E/ͿůĂƚĞƐƚƋƵĂƌƚĞƌůLJůŝƐƚŝŶŐƐƌĞƉŽƌƚ͘  ŽŵŵĞƌĐŝĂů'ĞŶĞƌĂů>ŝĂďŝůŝƚLJ/ŶƐƵƌĂŶĐĞŽĨ/ŶũƵƌŝĞƐŝŶĐůƵĚŝŶŐĂĐĐŝĚĞŶƚĂůĚĞĂƚŚ͕ƚŽĂŶLJŽŶĞƉĞƌƐŽŶŝŶĂŶ ĂŵŽƵŶƚŶŽƚůĞƐƐƚŚĂŶ͙͙͘͘Ψϭ͕ϬϬϬ͕ϬϬϬ  ^ƵďũĞĐƚƚŽƚŚĞƐĂŵĞůŝŵŝƚĨŽƌĞĂĐŚƉĞƌƐŽŶŽŶĂĐĐŽƵŶƚŽĨŽŶĞĂĐĐŝĚĞŶƚŝŶĂŶĂŵŽƵŶƚŶŽƚůĞƐƐƚŚĂŶ ͙͙͘Ψϭ͕ϬϬϬ͕ϬϬϬ  WƌŽƉĞƌƚLJĚĂŵĂŐĞŝŶƐƵƌĂŶĐĞŝŶĂŶĂŵŽƵŶƚŽĨŶŽƚůĞƐƐƚŚĂŶ͙͙͘͘Ψϭ͕ϬϬϬ͕ϬϬϬ  ƵƚŽŵŽďŝůĞ>ŝĂďŝůŝƚLJ/ŶƐƵƌĂŶĐĞŝŶƚŚĞĂŵŽƵŶƚŽĨΨϭ͕ϬϬϬ͕ϬϬϬĐŽŵďŝŶĞĚƐŝŶŐůĞůŝŵŝƚƉĞƌĂĐĐŝĚĞŶƚĨŽƌďŽĚŝůLJ ŝŶũƵƌLJĂŶĚƉƌŽƉĞƌƚLJĚĂŵĂŐĞ͘/ŶĂĚĚŝƚŝŽŶ͕ƚŚĞĂƵƚŽƉŽůŝĐLJŵƵƐƚĐŽǀĞƌĂŶLJǀĞŚŝĐůĞƵƐĞĚŝŶƚŚĞƉĞƌĨŽƌŵĂŶĐĞ ŽĨƚŚĞĐŽŶƚƌĂĐƚ͕ƵƐĞĚŽŶƐŝƚĞŽƌŽĨĨƐŝƚĞ͕ǁŚĞƚŚĞƌŽǁŶĞĚ͕ŶŽŶͲŽǁŶĞĚŽƌŚŝƌĞĚ͕ĂŶĚǁŚĞƚŚĞƌƐĐŚĞĚƵůĞĚŽƌ ŶŽŶͲƐĐŚĞĚƵůĞĚ͘dŚĞĂƵƚŽŵŽďŝůĞŝŶƐƵƌĂŶĐĞĐĞƌƚŝĨŝĐĂƚĞŵƵƐƚƐƚĂƚĞƚŚĞĐŽǀĞƌĂŐĞŝƐĨŽƌ͞ĂŶLJĂƵƚŽ͟ĂŶĚĐĂŶŶŽƚ ďĞůŝŵŝƚĞĚŝŶĂŶLJŵĂŶŶĞƌ͘            WtDϮϰͲϯϰϮϵ& WŝŶĞĞĂĐŚůŽĐŬŚŽƵƐĞhƌŐĞŶƚŽŶĐƌĞƚĞZĞŵŽǀĂůΘZĞƉůĂĐĞŵĞŶƚWĂŐĞϰ ŝƚLJƚƚŽƌŶĞLJƉƉƌŽǀĞĚϲͬϯϬͬϮϬϮϯ dŚĞĂďŽǀĞƉŽůŝĐŝĞƐƐŚĂůůŚĂǀĞŶŽŶͲĐĂŶĐĞůůĂƚŝŽŶĐůĂƵƐĞƐƉƌŽǀŝĚŝŶŐƚŚĂƚƚŚŝƌƚLJ;ϯϬͿĚĂLJƐǁƌŝƚƚĞŶŶŽƚŝĐĞƐŚĂůů ďĞŐŝǀĞŶƚŽƚŚĞŝƚLJƉƌŝŽƌƚŽƐƵĐŚĐĂŶĐĞůůĂƚŝŽŶ͘  dŚĞƉŽůŝĐŝĞƐƐŚĂůůŶĂŵĞƚŚĞŝƚLJŽĨĂƌůƐďĂĚĂƐĂŶĂĚĚŝƚŝŽŶĂůŝŶƐƵƌĞĚ͘dŚĞĨƵůůůŝŵŝƚƐĂǀĂŝůĂďůĞƚŽƚŚĞŶĂŵĞĚ ŝŶƐƵƌĞĚƐŚĂůůĂůƐŽďĞĂǀĂŝůĂďůĞĂŶĚĂƉƉůŝĐĂďůĞƚŽƚŚĞŝƚLJĂƐĂŶĂĚĚŝƚŝŽŶĂůŝŶƐƵƌĞĚ͘  tKZ<Z^͛KDWE^d/KEEDW>KzZ͛^>//>/dz͘tŽƌŬĞƌƐ͛ŽŵƉĞŶƐĂƚŝŽŶůŝŵŝƚƐĂƐƌĞƋƵŝƌĞĚďLJ ƚŚĞĂůŝĨŽƌŶŝĂ>ĂďŽƌŽĚĞ͘tŽƌŬĞƌƐ͛ŽŵƉĞŶƐĂƚŝŽŶǁŝůůŶŽƚďĞƌĞƋƵŝƌĞĚŝĨŽŶƚƌĂĐƚŽƌŚĂƐŶŽĞŵƉůŽLJĞĞƐ ĂŶĚƉƌŽǀŝĚĞƐ͕ƚŽŝƚLJ͛ƐƐĂƚŝƐĨĂĐƚŝŽŶ͕ĂĚĞĐůĂƌĂƚŝŽŶƐƚĂƚŝŶŐƚŚŝƐ͘  h^/E^^>/E^͘dŚĞŽŶƚƌĂĐƚŽƌĂŶĚĂůůƐƵďĐŽŶƚƌĂĐƚŽƌƐĂƌĞƌĞƋƵŝƌĞĚƚŽŚĂǀĞĂŶĚŵĂŝŶƚĂŝŶĂǀĂůŝĚŝƚLJ ŽĨĂƌůƐďĂĚƵƐŝŶĞƐƐ>ŝĐĞŶƐĞĨŽƌƚŚĞĚƵƌĂƚŝŽŶŽĨƚŚĞĐŽŶƚƌĂĐƚ͘  /EDE/dz͘dŚĞŽŶƚƌĂĐƚŽƌƐŚĂůůĂƐƐƵŵĞƚŚĞĚĞĨĞŶƐĞŽĨ͕ƉĂLJĂůůĞdžƉĞŶƐĞƐŽĨĚĞĨĞŶƐĞ͕ĂŶĚŝŶĚĞŵŶŝĨLJĂŶĚ ŚŽůĚŚĂƌŵůĞƐƐƚŚĞŝƚLJ͕ĂŶĚŝƚƐŽĨĨŝĐĞƌƐĂŶĚĞŵƉůŽLJĞĞƐ͕ĨƌŽŵĂůůĐůĂŝŵƐ͕ůŽƐƐ͕ĚĂŵĂŐĞ͕ŝŶũƵƌLJĂŶĚůŝĂďŝůŝƚLJŽĨ ĞǀĞƌLJ ŬŝŶĚ͕ ŶĂƚƵƌĞ ĂŶĚ ĚĞƐĐƌŝƉƚŝŽŶ͕ ĚŝƌĞĐƚůLJ Žƌ ŝŶĚŝƌĞĐƚůLJ ĂƌŝƐŝŶŐ ĨƌŽŵ Žƌ ŝŶ ĐŽŶŶĞĐƚŝŽŶ ǁŝƚŚ ƚŚĞ ƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚĞŽŶƚƌĂĐƚŽƌǁŽƌŬ͖ŽƌĨƌŽŵĂŶLJĨĂŝůƵƌĞŽƌĂůůĞŐĞĚĨĂŝůƵƌĞŽĨŽŶƚƌĂĐƚŽƌƚŽĐŽŵƉůLJǁŝƚŚ ĂŶLJĂƉƉůŝĐĂďůĞůĂǁ͕ƌƵůĞƐŽƌƌĞŐƵůĂƚŝŽŶƐŝŶĐůƵĚŝŶŐƚŚŽƐĞƌĞůĂƚĞĚƚŽƐĂĨĞƚLJĂŶĚŚĞĂůƚŚ͖ĂŶĚĨƌŽŵĂŶLJĂŶĚĂůů ĐůĂŝŵƐ͕ůŽƐƐ͕ĚĂŵĂŐĞƐ͕ŝŶũƵƌLJĂŶĚůŝĂďŝůŝƚLJ͕ŚŽǁƐŽĞǀĞƌƚŚĞƐĂŵĞŵĂLJďĞĐĂƵƐĞĚ͕ƌĞƐƵůƚŝŶŐĚŝƌĞĐƚůLJŽƌ ŝŶĚŝƌĞĐƚůLJĨƌŽŵƚŚĞŶĂƚƵƌĞŽĨƚŚĞǁŽƌŬĐŽǀĞƌĞĚďLJƚŚĞŽŶƚƌĂĐƚ͕ĞdžĐĞƉƚĨŽƌůŽƐƐŽƌĚĂŵĂŐĞĐĂƵƐĞĚďLJƚŚĞ ƐŽůĞŽƌĂĐƚŝǀĞŶĞŐůŝŐĞŶĐĞŽƌǁŝůůĨƵůŵŝƐĐŽŶĚƵĐƚŽĨƚŚĞŝƚLJ͘dŚĞĞdžƉĞŶƐĞƐŽĨĚĞĨĞŶƐĞŝŶĐůƵĚĞĂůůĐŽƐƚƐĂŶĚ ĞdžƉĞŶƐĞƐŝŶĐůƵĚŝŶŐĂƚƚŽƌŶĞLJƐ͛ĨĞĞƐĨŽƌůŝƚŝŐĂƚŝŽŶ͕ĂƌďŝƚƌĂƚŝŽŶ͕ŽƌŽƚŚĞƌĚŝƐƉƵƚĞƌĞƐŽůƵƚŝŽŶŵĞƚŚŽĚ͘  :hZ/^/d/KE͘dŚĞŽŶƚƌĂĐƚŽƌĂŐƌĞĞƐĂŶĚŚĞƌĞďLJƐƚŝƉƵůĂƚĞƐƚŚĂƚƚŚĞƉƌŽƉĞƌǀĞŶƵĞĂŶĚũƵƌŝƐĚŝĐƚŝŽŶĨŽƌ ƌĞƐŽůƵƚŝŽŶŽĨĂŶLJĚŝƐƉƵƚĞƐďĞƚǁĞĞŶƚŚĞƉĂƌƚŝĞƐĂƌŝƐŝŶŐŽƵƚŽĨƚŚŝƐĂŐƌĞĞŵĞŶƚŝƐ^ĂŶŝĞŐŽŽƵŶƚLJ͕ ĂůŝĨŽƌŶŝĂ͘  ^ƚĂƌƚtŽƌŬ͗ŽŶƚƌĂĐƚŽƌĂŐƌĞĞĚƚŽƐƚĂƌƚŽŶƉƌŝůϭϭ͕ϮϬϮϰ͘  ŽŵƉůĞƚŝŽŶ͗ŽŶƚƌĂĐƚŽƌĐŽŵƉůĞƚĞĚǁŽƌŬŽŶƉƌŝůϭϮ͕ϮϬϮϰ͘  KEdZdKZ͛^/E&KZDd/KE͘ ŚĂƌůĞƐŽŚĞƌƚLJŽŶĐƌĞƚĞ/ŶĐ͘ϮϴϱϬ/ŶĚƵƐƚƌLJ^ƚƌĞĞƚ ;ŶĂŵĞŽĨŽŶƚƌĂĐƚŽƌͿ   ϳϬϳϵϮϴ ;ƐƚƌĞĞƚĂĚĚƌĞƐƐͿ   KĐĞĂŶƐŝĚĞ͕ϵϮϬϱϰ ;ŽŶƚƌĂĐƚŽƌ͛ƐůŝĐĞŶƐĞŶƵŵďĞƌͿ  ͕Ͳϴ͕ͲϭϯϲͬϯϬͬϮϬϮϱ ;ĐŝƚLJͬƐƚĂƚĞͬnjŝƉͿ  ϳϲϬͲϱϯϱͲϵϮϵϱ ;ůŝĐĞŶƐĞĐůĂƐƐ͘ĂŶĚĞdžƉ͘ĚĂƚĞͿ  ϭϬϬϬϬϭϵϬϱϬϲͬϯϬͬϮϬϮϰ ;ƚĞůĞƉŚŽŶĞŶŽ͘Ϳ  ĐǁĚŽŚĞƌƚLJΛĐŽdž͘ŶĞƚ ;/ZƌĞŐŝƐƚƌĂƚŝŽŶŶƵŵďĞƌĂŶĚĞdžƉ͘ĚĂƚĞͿ;ĞͲŵĂŝůĂĚĚƌĞƐƐͿ             WtDϮϰͲϯϰϮϵ& WŝŶĞĞĂĐŚůŽĐŬŚŽƵƐĞhƌŐĞŶƚŽŶĐƌĞƚĞZĞŵŽǀĂůΘZĞƉůĂĐĞŵĞŶƚWĂŐĞϱ ŝƚLJƚƚŽƌŶĞLJƉƉƌŽǀĞĚϲͬϯϬͬϮϬϮϯ hd,KZ/dz͘dŚĞŝŶĚŝǀŝĚƵĂůƐĞdžĞĐƵƚŝŶŐƚŚŝƐŐƌĞĞŵĞŶƚĂŶĚƚŚĞŝŶƐƚƌƵŵĞŶƚƐƌĞĨĞƌĞŶĐĞĚŝŶŝƚŽŶďĞŚĂůĨŽĨ ŽŶƚƌĂĐƚŽƌĞĂĐŚƌĞƉƌĞƐĞŶƚĂŶĚǁĂƌƌĂŶƚƚŚĂƚƚŚĞLJŚĂǀĞƚŚĞůĞŐĂůƉŽǁĞƌ͕ƌŝŐŚƚĂŶĚĂĐƚƵĂůĂƵƚŚŽƌŝƚLJƚŽďŝŶĚ ŽŶƚƌĂĐƚŽƌƚŽƚŚĞƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͘   ΀ƐŝŐŶĂƚƵƌĞƐŽŶĨŽůůŽǁŝŶŐƉĂŐĞ΁            WtDϮϰͲϯϰϮϵ& WŝŶĞĞĂĐŚůŽĐŬŚŽƵƐĞhƌŐĞŶƚŽŶĐƌĞƚĞZĞŵŽǀĂůΘZĞƉůĂĐĞŵĞŶƚWĂŐĞϲ ŝƚLJƚƚŽƌŶĞLJƉƉƌŽǀĞĚϲͬϯϬͬϮϬϮϯ KEdZdKZ ,Z>^K,ZdzKEZd/E͕͘ ĂĂůŝĨŽƌŶŝĂĐŽƌƉŽƌĂƚŝŽŶ /dzK&Z>^͕ĂŵƵŶŝĐŝƉĂůĐŽƌƉŽƌĂƚŝŽŶŽĨ ƚŚĞ^ƚĂƚĞŽĨĂůŝĨŽƌŶŝĂ LJ͗LJ͗  ;ƐŝŐŶŚĞƌĞͿ  ŚĂƌůĞƐŽŚĞƌƚLJ͕ WƌĞƐŝĚĞŶƚĂŶĚŚŝĞĨ&ŝŶĂŶĐŝĂůKĨĨŝĐĞƌ WĂnj'ŽŵĞnj͕ĞƉƵƚLJŝƚLJDĂŶĂŐĞƌ͕WƵďůŝĐ tŽƌŬƐ͕ĂƐĂƵƚŚŽƌŝnjĞĚďLJƚŚĞŝƚLJDĂŶĂŐĞƌ ;ƉƌŝŶƚŶĂŵĞͬƚŝƚůĞͿ LJ͗  ;ƐŝŐŶŚĞƌĞͿ  ;ƉƌŝŶƚŶĂŵĞͬƚŝƚůĞͿ /ĨƌĞƋƵŝƌĞĚďLJŝƚLJ͕ƉƌŽƉĞƌŶŽƚĂƌŝĂůĂĐŬŶŽǁůĞĚŐŵĞŶƚŽĨĞdžĞĐƵƚŝŽŶďLJŽŶƚƌĂĐƚŽƌŵƵƐƚďĞĂƚƚĂĐŚĞĚ͘/ĨĂ ĐŽƌƉŽƌĂƚŝŽŶ͕ŐƌĞĞŵĞŶƚŵƵƐƚďĞƐŝŐŶĞĚďLJŽŶĞĐŽƌƉŽƌĂƚĞŽĨĨŝĐĞƌĨƌŽŵĞĂĐŚŽĨƚŚĞĨŽůůŽǁŝŶŐƚǁŽŐƌŽƵƉƐ͗ 'ƌŽƵƉ'ƌŽƵƉ ŚĂŝƌŵĂŶ͕ WƌĞƐŝĚĞŶƚ͕Žƌ sŝĐĞͲWƌĞƐŝĚĞŶƚ ^ĞĐƌĞƚĂƌLJ͕ ƐƐŝƐƚĂŶƚ^ĞĐƌĞƚĂƌLJ͕ &KŽƌƐƐŝƐƚĂŶƚdƌĞĂƐƵƌĞƌ KƚŚĞƌǁŝƐĞ͕ƚŚĞĐŽƌƉŽƌĂƚŝŽŶŵƵƐƚĂƚƚĂĐŚĂƌĞƐŽůƵƚŝŽŶĐĞƌƚŝĨŝĞĚďLJƚŚĞƐĞĐƌĞƚĂƌLJŽƌĂƐƐŝƐƚĂŶƚƐĞĐƌĞƚĂƌLJƵŶĚĞƌ ĐŽƌƉŽƌĂƚĞƐĞĂůĞŵƉŽǁĞƌŝŶŐƚŚĞŽĨĨŝĐĞƌ;ƐͿƐŝŐŶŝŶŐƚŽďŝŶĚƚŚĞĐŽƌƉŽƌĂƚŝŽŶ͘  WWZKs^dK&KZD͗/E/<͘DĐD,KE͕ŝƚLJƚƚŽƌŶĞLJ   z͗ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ  ƐƐŝƐƚĂŶƚŝƚLJƚƚŽƌŶĞLJ            bil,,\,o., th.%Yt.Y1,t WtDϮϰͲϯϰϮϵ& WŝŶĞĞĂĐŚůŽĐŬŚŽƵƐĞhƌŐĞŶƚŽŶĐƌĞƚĞZĞŵŽǀĂůΘZĞƉůĂĐĞŵĞŶƚWĂŐĞϳ ŝƚLJƚƚŽƌŶĞLJƉƉƌŽǀĞĚϲͬϯϬͬϮϬϮϯ y,//d  >/^d/E'K&^hKEdZdKZ^z'EZ>KEdZdKZ   ^ĞƚĨŽƌƚŚďĞůŽǁŝƐƚŚĞĨƵůůŶĂŵĞĂŶĚůŽĐĂƚŝŽŶŽĨƚŚĞƉůĂĐĞŽĨďƵƐŝŶĞƐƐŽĨĞĂĐŚƐƵďͲĐŽŶƚƌĂĐƚŽƌǁŚŽŵƚŚĞ ŽŶƚƌĂĐƚŽƌƉƌŽƉŽƐĞƐƚŽƐƵďĐŽŶƚƌĂĐƚƉŽƌƚŝŽŶƐŽĨƚŚĞWƌŽũĞĐƚŝŶĞdžĐĞƐƐŽĨŽŶĞͲŚĂůĨŽĨŽŶĞƉĞƌĐĞŶƚŽĨƚŚĞ ƚŽƚĂůďŝĚ͕ĂŶĚƚŚĞƉŽƌƚŝŽŶŽĨƚŚĞWƌŽũĞĐƚǁŚŝĐŚǁŝůůďĞĚŽŶĞďLJĞĂĐŚƐƵďͲĐŽŶƚƌĂĐƚŽƌĨŽƌĞĂĐŚƐƵďĐŽŶƚƌĂĐƚ͘  EKd͗ dŚĞŽŶƚƌĂĐƚŽƌƵŶĚĞƌƐƚĂŶĚƐƚŚĂƚŝĨŝƚĨĂŝůƐƚŽƐƉĞĐŝĨLJĂƐƵďͲĐŽŶƚƌĂĐƚŽƌĨŽƌĂŶLJƉŽƌƚŝŽŶŽĨƚŚĞ WƌŽũĞĐƚƚŽďĞƉĞƌĨŽƌŵĞĚƵŶĚĞƌƚŚĞĐŽŶƚƌĂĐƚŝŶĞdžĐĞƐƐŽĨŽŶĞͲŚĂůĨŽĨŽŶĞƉĞƌĐĞŶƚŽĨƚŚĞďŝĚ͕ƚŚĞ ĐŽŶƚƌĂĐƚŽƌƐŚĂůůďĞĚĞĞŵĞĚƚŽŚĂǀĞĂŐƌĞĞĚƚŽƉĞƌĨŽƌŵƐƵĐŚƉŽƌƚŝŽŶ͕ĂŶĚƚŚĂƚƚŚĞŽŶƚƌĂĐƚŽƌ ƐŚĂůůŶŽƚďĞƉĞƌŵŝƚƚĞĚƚŽƐƵďůĞƚŽƌƐƵďĐŽŶƚƌĂĐƚƚŚĂƚƉŽƌƚŝŽŶŽĨƚŚĞǁŽƌŬ͕ĞdžĐĞƉƚŝŶĐĂƐĞƐŽĨƉƵďůŝĐ ĞŵĞƌŐĞŶĐLJŽƌŶĞĐĞƐƐŝƚLJ͕ĂŶĚƚŚĞŶŽŶůLJĂĨƚĞƌĂĨŝŶĚŝŶŐ͕ƌĞĚƵĐĞĚŝŶǁƌŝƚŝŶŐĂƐĂƉƵďůŝĐƌĞĐŽƌĚŽĨ ƚŚĞ ǁĂƌĚŝŶŐ ƵƚŚŽƌŝƚLJ͕ ƐĞƚƚŝŶŐ ĨŽƌƚŚ ƚŚĞ ĨĂĐƚƐ ĐŽŶƐƚŝƚƵƚŝŶŐ ƚŚĞ ĞŵĞƌŐĞŶĐLJ Žƌ ŶĞĐĞƐƐŝƚLJ ŝŶ ĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞ^ƵďůĞƚƚŝŶŐĂŶĚ^ƵďĐŽŶƚƌĂĐƚŝŶŐ&ĂŝƌWƌĂĐƚŝĐĞƐĐƚ;^ĞĐƚŝŽŶ ϰϭϬϬĞƚƐĞƋ͘ŽĨƚŚĞĂůŝĨŽƌŶŝĂWƵďůŝĐŽŶƚƌĂĐƚŽĚĞͿ͘  /ĨŶŽƐƵďĐŽŶƚƌĂĐƚŽƌƐĂƌĞƚŽďĞĞŵƉůŽLJĞĚŽŶƚŚĞƉƌŽũĞĐƚ͕ĞŶƚĞƌƚŚĞǁŽƌĚΗEKE͘Η  ^hKEdZdKZ^  dLJƉĞŽĨtŽƌŬƚŽ ďĞ^ƵďĐŽŶƚƌĂĐƚĞĚ ƵƐŝŶĞƐƐEĂŵĞĂŶĚĚĚƌĞƐƐ/Z ZĞŐŝƐƚƌĂƚŝŽŶ EŽ͘ >ŝĐĞŶƐĞEŽ͕͘ ůĂƐƐŝĨŝĐĂƚŝŽŶΘ džƉŝƌĂƚŝŽŶĂƚĞ йŽĨ dŽƚĂů ŽŶƚƌĂĐƚ       dŽƚĂůй^ƵďĐŽŶƚƌĂĐƚĞĚ͗ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ  dŚĞŽŶƚƌĂĐƚŽƌŵƵƐƚƉĞƌĨŽƌŵŶŽůĞƐƐƚŚĂŶĨŝĨƚLJƉĞƌĐĞŶƚ;ϱϬйͿŽĨƚŚĞǁŽƌŬǁŝƚŚŝƚƐŽǁŶĨŽƌĐĞƐ͘             WtDϮϰͲϯϰϮϵ& WŝŶĞĞĂĐŚůŽĐŬŚŽƵƐĞhƌŐĞŶƚŽŶĐƌĞƚĞZĞŵŽǀĂůΘZĞƉůĂĐĞŵĞŶƚWĂŐĞϴ ŝƚLJƚƚŽƌŶĞLJƉƉƌŽǀĞĚϲͬϯϬͬϮϬϮϯ y,//d  WŝŶĞĞĂĐŚůŽĐŬŚŽƵƐĞhƌŐĞŶƚŽŶĐƌĞƚĞZĞŵŽǀĂůĂŶĚZĞƉůĂĐĞŵĞŶƚ  dŚĞĐŽŶƚƌĂĐƚŽƌŚĂƐƉƌŽǀŝĚĞĚĂůůŵĂƚĞƌŝĂůƐƚŽŽůƐĂŶĚůĂďŽƌƌĞƋƵŝƌĞĚƚŽƐĂǁĐƵƚĂŶĚĚĞŵŽĂƉŽƌƚŝŽŶŽĨ ƐŝĚĞǁĂůŬ͕ ĞdžĐĂǀĂƚĞ ƚƌĞŶĐŚ ƚŽ ĞdžƉŽƐĞ Ă ĚĂŵĂŐĞĚ ǁĂƚĞƌ ŵĂŝŶůŝŶĞ͕ ďĂĐŬĨŝůůĞĚ ƚƌĞŶĐŚ ŽŶĐĞ ƌĞƉĂŝƌ ǁĂƐ ĐŽŵƉůĞƚĞĚ͕ŝŶƐƚĂůůĞĚηϯĚŽǁĞůůĞĚƌĞďĂƌƉŝŶƐ͕ĂŶĚƌĞƉŽƵƌĐŽŶĐƌĞƚĞƵƐŝŶŐϰϬϬϬW^/ŵŝdž͘  :KYhKdd/KE  /dD EK͘ hE/dYdz^Z/Wd/KEWZ/ ϭ>^ϭZĞŵŽǀĞĂŶĚƌĞƉůĂĐĞĐŽŶĐƌĞƚĞ͘Ψϲ͕ϱϬϱ dKd>ΎΨϲ͕ϱϬϱ  Ύ/ŶĐůƵĚĞƐƚĂdžĞƐ͕ĨĞĞƐ͕ĞdžƉĞŶƐĞƐĂŶĚĂůůŽƚŚĞƌĐŽƐƚƐ͘           CCharless Dohertyy Concrete 2850 Industry Street Oceanside, CA 92054 US 760-535-9295 cwdoherty@cox.net IInvoice BBILLL TO DAN SMITH CITY OF CARLSBAD 405 OAK AVE. CARLSBAD, CA 92008 SSHIPP TO WATER MAINLINE REPAIR BEACH RESTROOMS PINE ST AND CARLSBAD BLVD IINVOICEE #DDATE TTOTALL DUE DDUEE DATE TTERMS EENCLOSED 8860 04/15/2024 $6,505.00 04/19/2024 Due on receipt DESCRIPTION QTY RATE AMOUNT FINAL PAYMENT REQUEST PER PROPOSAL NO. 3035 DATED 4/8/2024 0.00 BALANCE DUE UPON COMPLETION 7,505.00 7,505.00 AS DISCUSSED, IF WE DO NOT HAVE TO GO INTO THE EPOXY COATED CONCRETE AREA, AND IN FACT THE LEAK IS ACCESSIBLE FROM REMOVING GRAY PANELS, REDUCTION IN COST ALLOWANCE WILL BE - $1,000.00. -1,000.00 -1,000.00 BALANCE DUE $6,505.00 PWM24-3429FAC Exhibit B (cont'd)           WtDϮϰͲϯϰϮϵ&  ŝƚLJƚƚŽƌŶĞLJƉƉƌŽǀĞĚsĞƌƐŝŽŶϭϮͬϭϰͬϮϬϮϯ  y,//d  >/&KZE//ZZ^KhZ^KZ͘ dŚĞĂůŝĨŽƌŶŝĂŝƌZĞƐŽƵƌĐĞƐŽĂƌĚ;͞Z͟ͿŝŵƉůĞŵĞŶƚĞĚĂŵĞŶĚŵĞŶƚƐƚŽƚŚĞ/ŶͲhƐĞKĨĨͲZŽĂĚŝĞƐĞůͲ &ƵĞůĞĚ&ůĞĞƚƐZĞŐƵůĂƚŝŽŶƐ;͞ZĞŐƵůĂƚŝŽŶ͟ͿǁŚŝĐŚĂƌĞĞĨĨĞĐƚŝǀĞŽŶ:ĂŶƵĂƌLJϭ͕ϮϬϮϰ͕ĂŶĚĂƉƉůLJďƌŽĂĚůLJƚŽĂůů ƐĞůĨͲƉƌŽƉĞůůĞĚŽĨĨͲƌŽĂĚĚŝĞƐĞůǀĞŚŝĐůĞƐϮϱŚŽƌƐĞƉŽǁĞƌŽƌŐƌĞĂƚĞƌĂŶĚŽƚŚĞƌĨŽƌŵƐŽĨĞƋƵŝƉŵĞŶƚƵƐĞĚŝŶ ĂůŝĨŽƌŶŝĂ͘  ĐŽƉLJ ŽĨ ƚŚĞ ZĞŐƵůĂƚŝŽŶ ŝƐ ĂǀĂŝůĂďůĞ Ăƚ͗ ŚƚƚƉƐ͗ͬͬǁǁϮ͘Ăƌď͘ĐĂ͘ŐŽǀͬƐŝƚĞƐͬĚĞĨĂƵůƚͬĨŝůĞƐͬďĂƌĐƵͬƌĞŐĂĐƚͬϮϬϮϮͬŽĨĨͲƌŽĂĚĚŝĞƐĞůͬĂƉƉĂͲϭ͘ƉĚĨ͘ ŝĚĚĞƌƐ ĂƌĞ ƌĞƋƵŝƌĞĚƚŽĐŽŵƉůLJǁŝƚŚĂůůZĂŶĚZĞŐƵůĂƚŝŽŶƌĞƋƵŝƌĞŵĞŶƚƐ͕ŝŶĐůƵĚŝŶŐ͕ǁŝƚŚŽƵƚůŝŵŝƚĂƚŝŽŶ͕ĂůůĂƉƉůŝĐĂďůĞ ƐĞĐƚŝŽŶƐŽĨƚŚĞZĞŐƵůĂƚŝŽŶ͕ĂƐĐŽĚŝĨŝĞĚŝŶdŝƚůĞϭϯŽĨƚŚĞĂůŝĨŽƌŶŝĂŽĚĞŽĨZĞŐƵůĂƚŝŽŶƐƐĞĐƚŝŽŶϮϰϰϵĞƚƐĞƋ͘ ƚŚƌŽƵŐŚŽƵƚƚŚĞƚĞƌŵŽĨƚŚĞWƌŽũĞĐƚ͘ŝĚĚĞƌƐŵƵƐƚƉƌŽǀŝĚĞ͕ǁŝƚŚƚŚĞŝƌŝĚ͕ĐŽƉŝĞƐŽĨŝĚĚĞƌ͛ƐĂŶĚĂůůůŝƐƚĞĚ ƐƵďĐŽŶƚƌĂĐƚŽƌƐƚŚĞŵŽƐƚƌĞĐĞŶƚ͕ǀĂůŝĚĞƌƚŝĨŝĐĂƚĞŽĨZĞƉŽƌƚĞĚŽŵƉůŝĂŶĐĞ;͞Z͟ͿŝƐƐƵĞĚďLJZ͘&ĂŝůƵƌĞ ƚŽƉƌŽǀŝĚĞǀĂůŝĚZƐĂƐƌĞƋƵŝƌĞĚŚĞƌĞŝŶŵĂLJƌĞŶĚĞƌƚŚĞŝĚŶŽŶͲƌĞƐƉŽŶƐŝǀĞ͘ dŚĞŝƚLJŽĨĂƌůƐďĂĚŝƐĂWƵďůŝĐtŽƌŬƐǁĂƌĚŝŶŐŽĚLJ͕ĂƐƚŚĂƚƚĞƌŵŝƐĚĞĨŝŶĞĚƵŶĚĞƌdŝƚůĞϭϯĂůŝĨŽƌŶŝĂ ŽĚĞ ŽĨ ZĞŐƵůĂƚŝŽŶƐ ƐĞĐƚŝŽŶ Ϯϰϰϵ;ĐͿ;ϰϲͿ͘ ĐĐŽƌĚŝŶŐůLJ͕ ŝĚĚĞƌƐ ŵƵƐƚ ƐƵďŵŝƚ͕ ǁŝƚŚ ƚŚĞŝƌ ŝĚƐ͕ ǀĂůŝĚ ĞƌƚŝĨŝĐĂƚĞƐ ŽĨ ZĞƉŽƌƚĞĚ ŽŵƉůŝĂŶĐĞ ;͞Z͟Ϳ ĨŽƌ ƚŚĞ ŝĚĚĞƌ͛Ɛ ĨůĞĞƚ͕ĂŶĚĨŽƌƚŚĞĨůĞĞƚƐŽĨĂŶLJůŝƐƚĞĚ ƐƵďĐŽŶƚƌĂĐƚŽƌƐ;ŝŶĐůƵĚŝŶŐĂŶLJĂƉƉůŝĐĂďůĞůĞĂƐĞĚĞƋƵŝƉŵĞŶƚŽƌǀĞŚŝĐůĞƐͿ͘ŝĚĚĞƌƐŵƵƐƚĐŽŵƉůĞƚĞĂŶĚ ƐƵďŵŝƚƚŚĞ&ůĞĞƚŽŵƉůŝĂŶĐĞĞƌƚŝĨŝĐĂƚŝŽŶ͕ŽŶƚŚĞĨŽƌŵƉƌŽǀŝĚĞĚ͘&ĂŝůƵƌĞƚŽƉƌŽǀŝĚĞĂZĨŽƌƚŚĞŝĚĚĞƌ͕ ĂŶĚĨŽƌĂůůůŝƐƚĞĚƐƵďĐŽŶƚƌĂĐƚŽƌƐ͕ŽƌĨĂŝůƵƌĞƚŽĐŽŵƉůĞƚĞƚŚĞ&ůĞĞƚŽŵƉůŝĂŶĐĞĞƌƚŝĨŝĐĂƚŝŽŶ͕ŵĂLJƌĞŶĚĞƌƚŚĞ ŝĚŶŽŶͲƌĞƐƉŽŶƐŝǀĞ͘  KDW>/Et/d,>/&KZE//ZZ^KhZ^KZZ'h>d/KE^͘ ŽŶƚƌĂĐƚŽƌƐŚĂůůĐŽŵƉůLJ͕ĂŶĚƐŚĂůůĞŶƐƵƌĞĂůůƐƵďĐŽŶƚƌĂĐƚŽƌƐĐŽŵƉůLJ͕ǁŝƚŚĂůůĂƉƉůŝĐĂďůĞƌĞƋƵŝƌĞŵĞŶƚƐ ŽĨ ƚŚĞ ŵŽƐƚ ĐƵƌƌĞŶƚ ǀĞƌƐŝŽŶ ŽĨ ƚŚĞ ĂůŝĨŽƌŶŝĂ ŝƌ ZĞƐŽƵƌĐĞƐ ŽĂƌĚ;͞Z͟ͿƌĞŐƵůĂƚŝŽŶƐŝŶĐůƵĚŝŶŐ͕ ǁŝƚŚŽƵƚůŝŵŝƚĂƚŝŽŶ͕ĂůůĂƉƉůŝĐĂďůĞƚĞƌŵƐŽĨdŝƚůĞϭϯ͕ĂůŝĨŽƌŶŝĂŽĚĞŽĨZĞŐƵůĂƚŝŽŶƐŝǀŝƐŝŽŶϯ͕ŚĂƉƚĞƌϵĂŶĚ ĂůůƉĞŶĚŝŶŐĂŵĞŶĚŵĞŶƚƐ;͞ZĞŐƵůĂƚŝŽŶ͟Ϳ͘ dŚƌŽƵŐŚŽƵƚƚŚĞWƌŽũĞĐƚ͕ĂŶĚĨŽƌƚŚƌĞĞ;ϯͿLJĞĂƌƐƚŚĞƌĞĂĨƚĞƌ͕ŽŶƚƌĂĐƚŽƌƐŚĂůůŵĂŬĞĂǀĂŝůĂďůĞĨŽƌŝŶƐƉĞĐƚŝŽŶ ĂŶĚĐŽƉLJŝŶŐĂŶLJĂŶĚĂůůĚŽĐƵŵĞŶƚƐŽƌŝŶĨŽƌŵĂƚŝŽŶĂƐƐŽĐŝĂƚĞĚǁŝƚŚŽŶƚƌĂĐƚŽƌ͛ƐĂŶĚƐƵďĐŽŶƚƌĂĐƚŽƌƐ͛ĨůĞĞƚ ŝŶĐůƵĚŝŶŐ͕ ǁŝƚŚŽƵƚ ůŝŵŝƚĂƚŝŽŶ͕ ĞƌƚŝĨŝĐĂƚĞƐ ŽĨ ZĞƉŽƌƚĞĚ ŽŵƉůŝĂŶĐĞ ;͞Z͟Ϳ͕ ĨƵĞůͬƌĞĨƵĞůŝŶŐ ƌĞĐŽƌĚƐ͕ ŵĂŝŶƚĞŶĂŶĐĞƌĞĐŽƌĚƐ͕ĞŵŝƐƐŝŽŶƐƌĞĐŽƌĚƐ͕ĂŶĚĂŶLJŽƚŚĞƌŝŶĨŽƌŵĂƚŝŽŶƚŚĞŽŶƚƌĂĐƚŽƌŝƐƌĞƋƵŝƌĞĚƚŽƉƌŽĚƵĐĞ͕ ŬĞĞƉŽƌŵĂŝŶƚĂŝŶƉƵƌƐƵĂŶƚƚŽƚŚĞZĞŐƵůĂƚŝŽŶƵƉŽŶƚǁŽ;ϮͿĐĂůĞŶĚĂƌĚĂLJƐ͛ŶŽƚŝĐĞĨƌŽŵƚŚĞŝƚLJŽĨĂƌůƐďĂĚ͘ ŽŶƚƌĂĐƚŽƌƐŚĂůůďĞƐŽůĞůLJůŝĂďůĞĨŽƌĂŶLJĂŶĚĂůůĐŽƐƚƐĂƐƐŽĐŝĂƚĞĚǁŝƚŚĐŽŵƉůLJŝŶŐǁŝƚŚƚŚĞZĞŐƵůĂƚŝŽŶĂƐǁĞůů ĂƐĨŽƌĂŶLJĂŶĚĂůůƉĞŶĂůƚŝĞƐ͕ĨŝŶĞƐ͕ĚĂŵĂŐĞƐ͕ŽƌĐŽƐƚƐĂƐƐŽĐŝĂƚĞĚǁŝƚŚĂŶLJĂŶĚĂůůǀŝŽůĂƚŝŽŶƐ͕ŽƌĨĂŝůƵƌĞƐƚŽ ĐŽŵƉůLJǁŝƚŚƚŚĞZĞŐƵůĂƚŝŽŶ͘ŽŶƚƌĂĐƚŽƌƐŚĂůůĚĞĨĞŶĚ͕ŝŶĚĞŵŶŝĨLJĂŶĚŚŽůĚŚĂƌŵůĞƐƐƚŚĞŝƚLJŽĨĂƌůƐďĂĚ͕ŝƚƐ ŽĨĨŝĐŝĂůƐ;ĂƉƉŽŝŶƚĞĚĂŶĚĞůĞĐƚĞĚͿ͕ŽĨĨŝĐĞƌƐ͕ĂŶĚĞŵƉůŽLJĞĞƐĨƌŽŵĂŶLJĐůĂŝŵƐ͕ůŝĂďŝůŝƚŝĞƐ͕ĐŽƐƚƐ͕ƉĞŶĂůƚŝĞƐŽƌ ŝŶƚĞƌĞƐƚĂƌŝƐŝŶŐŽƵƚŽĨĂŶLJĨĂŝůƵƌĞŽƌĂůůĞŐĞĚĨĂŝůƵƌĞƚŽĐŽŵƉůLJǁŝƚŚƚŚĞZĞŐƵůĂƚŝŽŶ͘           WtDϮϰͲϯϰϮϵ&  ŝƚLJƚƚŽƌŶĞLJƉƉƌŽǀĞĚsĞƌƐŝŽŶϭϮͬϭϰͬϮϬϮϯ  y,//d;ĐŽŶƚ͘Ϳ &>dKDW>/EZd/&/d/KE͘ ŝĚĚĞƌŚĞƌĞďLJĂĐŬŶŽǁůĞĚŐĞƐƚŚĂƚƚŚĞLJŚĂǀĞƌĞǀŝĞǁĞĚƚŚĞZ͛ƐƉŽůŝĐŝĞƐ͕ƌƵůĞƐĂŶĚƌĞŐƵůĂƚŝŽŶƐĂŶĚĂƌĞ ĨĂŵŝůŝĂƌǁŝƚŚƚŚĞƌĞƋƵŝƌĞŵĞŶƚƐŽĨdŝƚůĞϭϯ͕ĂůŝĨŽƌŶŝĂŽĚĞŽĨZĞŐƵůĂƚŝŽŶƐ͕ŝǀŝƐŝŽŶϯ͕ŚĂƉƚĞƌϵ͕ĞĨĨĞĐƚŝǀĞŽŶ :ĂŶƵĂƌLJϭ͕ϮϬϮϰ;ƚŚĞ͞ZĞŐƵůĂƚŝŽŶ͟Ϳ͘ ŝĚĚĞƌŚĞƌĞďLJĐĞƌƚŝĨŝĞƐ͕ƐƵďũĞĐƚƚŽƚŚĞƉĞŶĂůƚLJŽĨƉĞƌũƵƌLJ͕ƚŚĂƚƚŚĞ ŽƉƚŝŽŶĐŚĞĐŬĞĚďĞůŽǁƌĞůĂƚŝŶŐƚŽƚŚĞŝĚĚĞƌ͛ƐĨůĞĞƚ͕ĂŶĚͬŽƌƚŚĂƚŽĨƚŚĞŝƌƐƵďĐŽŶƚƌĂĐƚŽƌ;ƐͿ;͞&ůĞĞƚ͟ͿŝƐƚƌƵĞ ĂŶĚĐŽƌƌĞĐƚ͗ ܆ dŚĞ&ůĞĞƚŝƐƐƵďũĞĐƚƚŽƚŚĞƌĞƋƵŝƌĞŵĞŶƚƐŽĨƚŚĞZĞŐƵůĂƚŝŽŶ͕ĂŶĚƚŚĞĂƉƉƌŽƉƌŝĂƚĞĞƌƚŝĨŝĐĂƚĞ;ƐͿŽĨZĞƉŽƌƚĞĚ ŽŵƉůŝĂŶĐĞŚĂǀĞďĞĞŶĂƚƚĂĐŚĞĚŚĞƌĞƚŽ͘  ܆ dŚĞ&ůĞĞƚŝƐĞdžĞŵƉƚĨƌŽŵƚŚĞZĞŐƵůĂƚŝŽŶƵŶĚĞƌ^ĞĐƚŝŽŶϮϰϰϵ͘ϭ;ĨͿ;ϮͿ͕ĂŶĚĂƐŝŐŶĞĚĚĞƐĐƌŝƉƚŝŽŶŽĨƚŚĞƐƵďũĞĐƚ ǀĞŚŝĐůĞƐ͕ĂŶĚƌĞĂƐŽŶŝŶŐĨŽƌĞdžĞŵƉƚŝŽŶŚĂƐďĞĞŶĂƚƚĂĐŚĞĚŚĞƌĞƚŽ͘  ܆ ŝĚĚĞƌĂŶĚͬŽƌƚŚĞŝƌƐƵďĐŽŶƚƌĂĐƚŽƌŝƐƵŶĂďůĞƚŽƉƌŽĐƵƌĞZϵϵŽƌZϭϬϬƌĞŶĞǁĂďůĞĚŝĞƐĞůĨƵĞůĂƐĚĞĨŝŶĞĚŝŶ ƚŚĞZĞŐƵůĂƚŝŽŶƉƵƌƐƵĂŶƚƚŽ^ĞĐƚŝŽŶϮϰϰϵ͘ϭ;ĨͿ;ϯͿ͘ŝĚĚĞƌƐŚĂůůŬĞĞƉĚĞƚĂŝůĞĚƌĞĐŽƌĚƐĚĞƐĐƌŝďŝŶŐƚŚĞŶŽƌŵĂů ƌĞĨƵĞůŝŶŐŵĞƚŚŽĚƐ͕ƚŚĞŝƌĂƚƚĞŵƉƚƐƚŽƉƌŽĐƵƌĞƌĞŶĞǁĂďůĞĚŝĞƐĞůĨƵĞůĂŶĚƉƌŽŽĨƚŚĂƚƐŚŽǁƐƚŚĞLJǁĞƌĞŶŽƚ ĂďůĞƚŽƉƌŽĐƵƌĞƌĞŶĞǁĂďůĞĚŝĞƐĞů;ŝ͘Ğ͕͘ƚŚŝƌĚƉĂƌƚLJĐŽƌƌĞƐƉŽŶĚĞŶĐĞŽƌǀĞŶĚŽƌďŝĚƐͿ͘  ܆ dŚĞ&ůĞĞƚŝƐĞdžĞŵƉƚĨƌŽŵƚŚĞƌĞƋƵŝƌĞŵĞŶƚƐŽĨƚŚĞZĞŐƵůĂƚŝŽŶƉƵƌƐƵĂŶƚƚŽ^ĞĐƚŝŽŶϮϰϰϵ;ŝͿ;ϰͿďĞĐĂƵƐĞƚŚŝƐ WƌŽũĞĐƚŚĂƐďĞĞŶĚĞĞŵĞĚĂŶ͞ĞŵĞƌŐĞŶĐLJ͕͟ĂƐƚŚĂƚƚĞƌŵŝƐĚĞĨŝŶĞĚŝŶ^ĞĐƚŝŽŶϮϰϰϵ;ĐͿ;ϭϴͿ͘ŝĚĚĞƌƐŚĂůůŽŶůLJ ŽƉĞƌĂƚĞƚŚĞĞdžĞŵƉƚĞĚǀĞŚŝĐůĞƐŝŶƚŚĞĞŵĞƌŐĞŶĐLJƐŝƚƵĂƚŝŽŶĂŶĚƌĞĐŽƌĚƐŽĨƚŚĞĞdžĞŵƉƚĞĚǀĞŚŝĐůĞƐŵƵƐƚďĞ ŵĂŝŶƚĂŝŶĞĚ͕ƉƵƌƐƵĂŶƚƚŽ^ĞĐƚŝŽŶϮϰϰϵ;ŝͿ;ϰͿ͘  ܆ dŚĞ&ůĞĞƚĚŽĞƐŶŽƚĨĂůůƵŶĚĞƌƚŚĞZĞŐƵůĂƚŝŽŶŽƌĂƌĞŽƚŚĞƌǁŝƐĞĞdžĞŵƉƚĂŶĚĂĚĞƚĂŝůĞĚƌĞĂƐŽŶŝŶŐŝƐĂƚƚĂĐŚĞĚ ƚŽƚŚŝƐĐĞƌƚŝĨŝĐĂƚŝŽŶ͘    EĂŵĞŽĨŝĚĚĞƌ͗ ŚĂƌůĞƐŽŚĞƌƚLJŽŶĐƌĞƚĞ   ^ŝŐŶĂƚƵƌĞ͗    EĂŵĞ͗ ŚĂƌůĞƐŽŚĞƌƚLJ   dŝƚůĞ͗ WƌĞƐŝĚĞŶƚĂŶĚŚŝĞĨ&ŝŶĂŶĐŝĂůKĨĨŝĐĞƌ   ĂƚĞ͗                        ANY PROPRIETOR/PARTNER/EXECUTIVEOFFICER/MEMBER EXCLUDED? INSR ADDL SUBRLTR INSD WVD PRODUCER CONTACTNAME:FAXPHONE(A/C, No):(A/C, No, Ext): E-MAILADDRESS: INSURER A : INSURED INSURER B : INSURER C : INSURER D : INSURER E : INSURER F : POLICY NUMBER POLICY EFF POLICY EXPTYPE OF INSURANCE LIMITS(MM/DD/YYYY) (MM/DD/YYYY) AUTOMOBILE LIABILITY UMBRELLA LIAB EXCESS LIAB WORKERS COMPENSATIONAND EMPLOYERS' LIABILITY DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required) AUTHORIZED REPRESENTATIVE EACH OCCURRENCE $DAMAGE TO RENTEDCLAIMS-MADE OCCUR $PREMISES (Ea occurrence) MED EXP (Any one person) $ PERSONAL & ADV INJURY $ GEN'L AGGREGATE LIMIT APPLIES PER:GENERAL AGGREGATE $ PRO-POLICY LOC PRODUCTS - COMP/OP AGGJECT OTHER:$COMBINED SINGLE LIMIT $(Ea accident) ANY AUTO BODILY INJURY (Per person) $OWNED SCHEDULED BODILY INJURY (Per accident) $AUTOS ONLY AUTOS HIRED NON-OWNED PROPERTY DAMAGE $AUTOS ONLY AUTOS ONLY (Per accident) $ OCCUR EACH OCCURRENCE CLAIMS-MADE AGGREGATE $ DED RETENTION $ PER OTH-STATUTE ER E.L. EACH ACCIDENT E.L. DISEASE - EA EMPLOYEE $If yes, describe under E.L. DISEASE - POLICY LIMITDESCRIPTION OF OPERATIONS below INSURER(S) AFFORDING COVERAGE NAIC # COMMERCIAL GENERAL LIABILITY Y / N N / A(Mandatory in NH) SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED INACCORDANCE WITH THE POLICY PROVISIONS. THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS,EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THISCERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIESBELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZEDREPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement onthis certificate does not confer rights to the certificate holder in lieu of such endorsement(s). COVERAGES CERTIFICATE NUMBER:REVISION NUMBER: CERTIFICATE HOLDER CANCELLATION © 1988-2015 ACORD CORPORATION. All rights reserved.ACORD 25 (2016/03) CERTIFICATE OF LIABILITY INSURANCE DATE (MM/DD/YYYY) $ $ $ $ $ The ACORD name and logo are registered marks of ACORD 10/21/2023 License # 0757776 (760) 707-5657 (951) 231-2572 41297 Charles Doherty Concrete1302 Crestridge Dr. Oceanside, CA 92054 A 1,000,000 XXBCS2000736 7/15/2023 7/15/2024 100,000 Per Project Agg. 1,000,000 2,000,000 2,000,000 5,000,000A XLS2002485 7/15/2023 7/15/2024 5,000,000 RE: Operations of the Named Insured during the current policy term. The City of Carlsbad/CMWD is Additional Insured with regard to the General Liability policy, when required by written contract, per the attached endorsement forms CG2012 12/19 & CG2037 12/19. Coverage is Primary & Non –Contributory with regard to the General Liability policy, when required by written contract, per the attached endorsement form CG2001 12/19. Waiver of Subrogation applies to the General Liability policy, when required by written contract, per the attached endorsement form CG2404 12/19. City of Carlsbad/CMWD c/o EXIGIS Insurance Compliance Services P.O. Box 947 Murrieta, CA 92564 CHARDOH-01 PPOOJARI HUB International Insurance Services Inc.1525 Faraday AvenueSuite 150Carlsbad, CA 92008 Casey Peltzer Cal.CPU@Hubinternational.com Scottsdale Insurance Company X X X XX           ACORD" I ~ I ~ □ □ ~ ~ ~ □ □ ~ ~ ~ ~ ~ ~ ~ ~ H I I I I I □ POLICY NUMBER: BCS2000736 COMMERCIAL GENERAL LIABILITY CG 20 12 12 19 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. CG 20 12 12 19 © Insurance Services Office, Inc., 2018 Page 1 of 2 ADDITIONAL INSURED – STATE OR GOVERNMENTAL AGENCY OR SUBDIVISION OR POLITICAL SUBDIVISION – PERMITS OR AUTHORIZATIONS This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART SCHEDULE State Or Governmental Agency Or Subdivision Or Political Subdivision: ANY PERSON OR ORGANIZATION WHEN REQUIRED BY WRITTEN CONTRACT OR AGREEMENT, EXECUTED PRIOR TO THE OCCURRENCE TO WHICH THIS INSURANCE APPLIES, THAT SUCH PERSON OR ORGANIZATION BE ADDED AS AN ADDITIONAL INSURED ON YOUR POLICY. Information required to complete this Schedule, if not shown above, will be shown in the Declarations. A. Section II – Who Is An Insured is amended to include as an additional insured any state or governmental agency or subdivision or political subdivision shown in the Schedule, subject to the following provisions: 1. This insurance applies only with respect to operations performed by you or on your behalf for which the state or governmental agency or subdivision or political subdivision has issued a permit or authorization. However: a. The insurance afforded to such additional insured only applies to the extent permitted by law; and b. If coverage provided to the additional insured is required by a contract or agreement, the insurance afforded to such additional insured will not be broader than that which you are required by the contract or agreement to provide for such additional insured.           Page 2 of 2 © Insurance Services Office, Inc., 2018 CG 20 12 12 19 2. This insurance does not apply to: a. "Bodily injury", "property damage" or "personal and advertising injury" arising out of operations performed for the federal government, state or municipality; or b. "Bodily injury" or "property damage" included within the "products-completed operations hazard". B. With respect to the insurance afforded to these additional insureds, the following is added to Section III – Limits Of Insurance: If coverage provided to the additional insured is required by a contract or agreement, the most we will pay on behalf of the additional insured is the amount of insurance: 1. Required by the contract or agreement; or 2. Available under the applicable limits of insurance; whichever is less. This endorsement shall not increase the applicable limits of insurance.           POLICY NUMBER: BCS2000736 COMMERCIAL GENERAL LIABILITY CG 20 37 12 19 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. CG 20 37 12 19 © Insurance Services Office, Inc., 2018 Page 1 of 1 ADDITIONAL INSURED – OWNERS, LESSEES OR CONTRACTORS – COMPLETED OPERATIONS This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART SCHEDULE Name Of Additional Insured Person(s) Or Organization(s) Location And Description Of Completed Operations Any person or organization when required by written contract or agreement, executed prior to the occurrence to which this insurance applies, that such person or organization be added as an additional insured on your policy All Locations Information required to complete this Schedule, if not shown above, will be shown in the Declarations. A. Section II – Who Is An Insured is amended to include as an additional insured the person(s) or organization(s) shown in the Schedule, but only with respect to liability for "bodily injury" or "property damage" caused, in whole or in part, by "your work" at the location designated and described in the Schedule of this endorsement performed for that additional insured and included in the "products-completed operations hazard". However: 1. The insurance afforded to such additional insured only applies to the extent permitted by law; and 2. If coverage provided to the additional insured is required by a contract or agreement, the insurance afforded to such additional insured will not be broader than that which you are required by the contract or agreement to provide for such additional insured. B. With respect to the insurance afforded to these additional insureds, the following is added to Section III – Limits Of Insurance: If coverage provided to the additional insured is required by a contract or agreement, the most we will pay on behalf of the additional insured is the amount of insurance: 1. Required by the contract or agreement; or 2. Available under the applicable limits of insurance; whichever is less. This endorsement shall not increase the applicable limits of insurance.           COMMERCIAL GENERAL LIABILITY CG 20 01 12 19 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. CG 20 01 12 19 © Insurance Services Office, Inc., 2018 Page 1 of 1 PRIMARY AND NONCONTRIBUTORY –OTHER INSURANCE CONDITION This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART LIQUOR LIABILITY COVERAGE PART PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART The following is added to the Other Insurance Condition and supersedes any provision to the contrary: Primary And Noncontributory Insurance This insurance is primary to and will not seek contribution from any other insurance available to an additional insured under your policy provided that: (1)The additional insured is a Named Insured under such other insurance; and (2)You have agreed in writing in a contract or agreement that this insurance would be primary and would not seek contribution from any other insurance available to the additional insured. 32/,&<180%(5%&6           POLICY NUMBER: BCS2000 COMMERCIAL GENERAL LIABILITY CG 24 04 12 19 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. CG 24 04 12 19 © Insurance Services Office, Inc., 2018 Page 1 of 1 WAIVER OF TRANSFER OF RIGHTS OF RECOVERY AGAINST OTHERS TO US (WAIVER OF SUBROGATION) This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART ELECTRONIC DATA LIABILITY COVERAGE PART LIQUOR LIABILITY COVERAGE PART POLLUTION LIABILITY COVERAGE PART DESIGNATED SITES POLLUTION LIABILITY LIMITED COVERAGE PART DESIGNATED SITES PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART RAILROAD PROTECTIVE LIABILITY COVERAGE PART UNDERGROUND STORAGE TANK POLICY DESIGNATED TANKS SCHEDULE Name Of Person(s) Or Organization(s): Any person or organization for whom the insured has agreed to waive rights of recovery, provided such agreement is made in writing and prior to the loss Information required to complete this Schedule, if not shown above, will be shown in the Declarations. The following is added to Paragraph 8. Transfer Of Rights Of Recovery Against Others To Us of Section IV – Conditions: We waive any right of recovery against the person(s) or organization(s) shown in the Schedule above because of payments we make under this Coverage Part. Such waiver by us applies only to the extent that the insured has waived its right of recovery against such person(s) or organization(s) prior to loss. This endorsement applies only to the person(s) or organization(s) shown in the Schedule above.           ANY PROPRIETOR/PARTNER/EXECUTIVEOFFICER/MEMBER EXCLUDED? INSR ADDL SUBRLTR INSD WVD PRODUCER CONTACTNAME:FAXPHONE(A/C, No):(A/C, No, Ext): E-MAILADDRESS: INSURER A : INSURED INSURER B : INSURER C : INSURER D : INSURER E : INSURER F : POLICY NUMBER POLICY EFF POLICY EXPTYPE OF INSURANCE LIMITS(MM/DD/YYYY) (MM/DD/YYYY) AUTOMOBILE LIABILITY UMBRELLA LIAB EXCESS LIAB WORKERS COMPENSATIONAND EMPLOYERS' LIABILITY DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required) AUTHORIZED REPRESENTATIVE EACH OCCURRENCE $DAMAGE TO RENTEDCLAIMS-MADE OCCUR $PREMISES (Ea occurrence) MED EXP (Any one person) $ PERSONAL & ADV INJURY $ GEN'L AGGREGATE LIMIT APPLIES PER:GENERAL AGGREGATE $ PRO-POLICY LOC PRODUCTS - COMP/OP AGGJECT OTHER:$COMBINED SINGLE LIMIT $(Ea accident) ANY AUTO BODILY INJURY (Per person) $OWNED SCHEDULED BODILY INJURY (Per accident) $AUTOS ONLY AUTOS HIRED NON-OWNED PROPERTY DAMAGE $AUTOS ONLY AUTOS ONLY (Per accident) $ OCCUR EACH OCCURRENCE CLAIMS-MADE AGGREGATE $ DED RETENTION $ PER OTH-STATUTE ER E.L. EACH ACCIDENT E.L. DISEASE - EA EMPLOYEE $If yes, describe under E.L. DISEASE - POLICY LIMITDESCRIPTION OF OPERATIONS below INSURER(S) AFFORDING COVERAGE NAIC # COMMERCIAL GENERAL LIABILITY Y / N N / A(Mandatory in NH) SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED INACCORDANCE WITH THE POLICY PROVISIONS. THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS,EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THISCERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIESBELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZEDREPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement onthis certificate does not confer rights to the certificate holder in lieu of such endorsement(s). COVERAGES CERTIFICATE NUMBER:REVISION NUMBER: CERTIFICATE HOLDER CANCELLATION © 1988-2015 ACORD CORPORATION. All rights reserved.ACORD 25 (2016/03) CERTIFICATE OF LIABILITY INSURANCE DATE (MM/DD/YYYY) $ $ $ $ $ The ACORD name and logo are registered marks of ACORD 12/5/2023 (818) 986-7283 (818) 986-4949 16045 Charles Doherty Concrete, Inc.1302 Crestridge Dr. Oceanside, CA 92054 A X 7600025036231 12/5/2023 12/5/2024 1,000,000Y1,000,000 1,000,000 All Projects Waiver of subrogation in favor of City of Carlsbad City of Carlsbad/CMWD c/o EXIGIS Insurance Compliance Services P.O. Box 947 Murrieta, CA 92564 CHARDOH-01 IFATHIPOUR Paramount Exclusive Insurance Services, Inc.15760 Ventura Blvd. Suite 500Encino, CA 91436 service@paramountexclusiveins.com Everest Premier Insurance Company X           ACORD" I ~ I ~ D □ ~ ~ ~ □ □ ~ ~ ~ ~ ~ ~ ~ ~ H I I l l I □           WORKERS COMPENSATION AND EMPLOYERS LIABILITY INSURANCE POLICY WC0403 06 WAIVER OF OUR RIGHT TO RECOVER FROM OTHERS ENDORSEMENT - CALIFORNIA We have the right to recover our payments from anyone liable for an injury covered by this policy. We will not enforce our right against the person or organization named in the Schedule. (This agreement applies only to the extent that you perform work under a written contract that requires you to obtain this agreement from us.) You must maintain payroll records accurately segregating the remuneration of your employees while engaged in the work described in the Schedule. The additional premium for this endorsement shall be 2% of the California workers' compensation premium otherwise due on such remuneration. SCHEDULE PERSON OR ORGANIZATION ANY PERSON OR ORGANIZATION FOR WHOM THE NAMED INSURED HAS AGREED BY WRITTEN CONTRACT TO FURNISH THIS WAIVER JOB DESCRIPTION BLANKET W AIYER OF SUBROGATION This endorsement changes the policy to which it is attached and is effective on the date issued unless otherwise stated. (The information below is required only when this endorsement is issued subsequent to preparation of the policy.) Endorsement Effective: 12/05/2023 Insured: Charles Doherty Concrete Inc Policy No. 7600025036231 Insurance Company: Everest Premier Insurance Company Endorsement No. 001 Premium $ INCL. Countersigned By: __________________________ _ -1998 by the Workers' Compensation Insurance Rating Bureau of California. All rights reserved. From the WCIRB's California Workers' Compensation Insurance Forms Manual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‹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~ I ACORD® ~ State Farm I A ® ~ □ □ ~ ~ R □ □ ~ ~ ~ ~ H I I I I I □ I           !· Statf!._faml STATE FARM® 111!11'19'e . POBox2368 Bloomington IL 61702-2368 ATl 12 001057 0093 50A A DATE OF NOTICE: JAN 24 2024 CODE: !I •;~ -~---~ :· --··-: CITY OF CARLSBAD/CMWD C/0 EXIGIS INSURANCE COMP LIAN CE SVCS PO BOX 947 MURRIETA CA 92564-0947 NOTE: PLEASE NOTIFY STATE FARM AT THE ADDRESS LISTED AT THE TOP, LEFT CORNER OF THIS PAGE REGARDING ANY CHANGE OF ADDRESS INFORMATION. I 1,11111,1,, 1111,, 111111, 11 I h 1111111 'I' 111111 I, I 1• HI h ,I I II I h State Farm Fire and Casualty Company •. NAMED INSURED: • . • POLICY NO: 602 9657-A30·55C 2BD4-FA96A •• COVERAGE:, • • • CHARLES DOHERTY CONCRETE INC ~ 2850 INDUSTRY ST . YR/MAKE/MODEL: 2015 PETERBILT DMP SGL Bl AND PD LIABILITY $ 2 MIL • VIN/CAMPER: 2NP3LJ9X2FM281121 :l OCEANSIDE CA 92054:4812 AGENT NAME: TRAVIS FOSTER INS AGENCY INC $1000 DED. COMP. $1000 DED. COLL. ; AGENT PHONE: (530)242-1411 ENDORSEMENT NO: 6028BU POLICY EFFECTIVE ... JAN 05 2024 UNTIL TERMINATED ~ POLICY MESSAGES: This policy shown above supersedes policy# 6029657-55B. il The policy includes a loss payable clause protecting the additional insured's interest in the described car to the extent of the insurance ,2. provided and subject to all policy provisions. The additional insured will be given 20 days notice if the policy is terminated. Until such notice ti) is provided, it sha!I be presumed that the required renewal premiums have been paid. The additional insured must notify us within 1 0 days of § any change of interest or ownership coming to their attention. Failure to do so will render this policy null and void. ·e::a ··· .• --··---~-·----· ---~-----=--..--..... ····-··-·-----~-... .... --""'-·-~-,·· ------ FRT