Common use of Securities Filings; Financial Information; No Material Adverse Change Clause in Contracts

Securities Filings; Financial Information; No Material Adverse Change. (i) The common stock of Navidec is listed on the NASD OTC Electronic Bulletin Board. Navidec has filed its annual report on Form 10-K for the year ended December 31, 2003 and its quarterly report on Form 10-QSB for the period ended March 31, 2004 (the "Navidec Periodic Reports") with the SEC. The Navidec Periodic Reports were true, correct and accurate as of the date of filing and do not contain any untrue statement of material fact or omit to state a material fact required to be stated therein in order to make the statements therein, in light of the circumstances under which they were made, not misleading.

Securities Filings; Financial Information; No Material Adverse Change. (i) The common stock of Navidec is listed on the NASD OTC Electronic Bulletin Board. Navidec has filed its annual report on Form 10-K KSB for the year ended December 31, 2003 and its quarterly report on Form 10-QSB for with the period ended March 31, 2004 SEC (the "Navidec Periodic ReportsAnnual Report") with the SEC). The Navidec Periodic Reports were Annual Report is true, correct and accurate as of the date of filing and do does not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein in order to make the statements therein, in light of the circumstances under which they were made, not misleading.