Exhibit_N_payment_bond.pdf

This document is an Arizona Statutory Payment Bond issued by Berkeley Insurance Company (a Delaware corporation) for Blue World Construction, Inc. The bond is executed pursuant to Titles 28, 34, and 41 of Arizona Revised Statutes and is specifically related to the IFB – State Parks WWS Upgrades project, which involves work at Rockin' River Ranch, Red Rock, and Slide Rock. The contract is associated with project numbers PCS-22-126, PCS-22-125, and PCS-22-115, with the bond amount set at $3,800,601.24.

The bond guarantees that Blue World Construction will promptly pay all monies due to persons supplying labor or materials for the state parks infrastructure upgrade project. The contract involves furnishing all necessary materials, supplies, tools, equipment, labor, and other services required for the construction and completion of specified state park upgrades. If the principal (Blue World Construction) fails to make required payments, the surety (Berkeley Insurance Company) will be responsible for covering those costs. The bond is valid as of February 28, 2025, and includes provisions for attorney fees and adherence to specific Arizona statutory requirements.