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T W-L51—,N- - c:r',MPANY,
<br />POWER OF ATTORNEY
<br />Know All Persons By The so Presents, that MERCHANTS BONDING COMPANY (MU'rIJAI.) and MERCHANT5 NATIONAL BONDING,
<br />INC., both acing corporations of the State of Iowa (horeln reflectively called the "Cornpanies ") do hereby make, constitute and appoint,
<br />individually,
<br />Eric Lowey; Jennifer C Maya; Kevin Cathcart; Mark Richardson; Shawn Blume;
<br />Stephanie Hoang; Tercasa I Jackson
<br />their true and lawful Attorney(s) -In -Pact, to links, execute, seal and deliver on behalf of the Companies, as Surety, bonds, undertakings
<br />and other written obligations in the nature thereof, subject to the limitation that any such Instrument shall not exceed the amount of:
<br />TEN NHL;LION (.$10,000,000.00) DOLLARS
<br />This Fewer of Attorney is granted and is signed and sealed by facslinlie under and by authority of the following By Laws adopted by the
<br />$card of Dheotors of Merchants Bonding Company (Mutual) on April 23, 2011 and adopted by the Board of Directors of Merchants
<br />National Dancing, do,, on Cooper 24, 2011.
<br />,,The President, Secretary, Troasursq of any Assistant T'rsesuror or any Assistant Secretary or any Vice President shall have power and
<br />authority to oppolnt Attorneys in, Ftl and to authorize them to execute on behalf of the Company, and attach the seal of the Company
<br />thereto, bonds and undertakings, mitognlzancev, contracts of indomnity and other writings obligatory Ia Ilse nature thereof"
<br />"The signature of any authorixad signer slid the coal of the Company may be affixed by facsimile or elaotrrul transmission to any POwQ1 of
<br />Attorney or Certification thereof authorizing the execution and delivery of any bond, undertaking, recognizance, or other suretyship
<br />obligations of the Company, and such signature and seal whon so used shall have the same force and effect as though Manual .y fixed."
<br />In connection with obligations in favor of the Florida Department of Transportation only, It is agreed that the power and authority hereby given
<br />to the Attorney -in -Fact Includes any and all consents for the release of retained percentages and/or final estimates on engineering and
<br />constrortaon contracts required by the Stator of Florida Deportment of Transportation. It Is fully understood that consenting to the State cfFlonda
<br />Department of Transportation making paynsnl of the final estimate to the Contractor and/or its assignee, shall not relieve this surely company
<br />of any of its obligations under Its bond.
<br />In connector, with obligations In favor of the Kentucky Department of Highways only, It Is agreed thatthe power and authority hereby given
<br />to the Attorney -In -Fact cannot be modified or revoked unless prior written personal notice of such intent has boon given to the Commissloner-
<br />Depertmsnt of Highways of thin Commonwealth of Kentucky at least thirty (30) days prier to the modification or revocation.
<br />In whose Whereof, the Companies have caused this Instrument to be signed and sealed this 2nd day of Decerber 2016
<br />..+...... , MERCHANTSVONDiNG COMPANY (MUTUAL)
<br />,S ...r' © .'' � ,bCi yV,' U6 A'9, u MERCHANTS NATIONAL BONDING, INC.
<br />A0 'vCs „ ,; : . yr • Sy �'..C.
<br />ep
<br />STATE OF IOWA ....... r Y
<br />o++n,np.n +r •"ear°. °°
<br />COUNTY OF Dallas se. preesldonf
<br />2n
<br />On this 2nd day of December 2015 ,before ins appeared Larry Taylor, to me personally known, who bring by rnr sworn did say that
<br />he Is President of the MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, ING.I and that the seals affixed
<br />to the foregoing Instrument are the Corporate seals of the Companies: and that the said instrument was signed and sealed In behalf of the
<br />Companies by authority of their respective Boards of Directors.
<br />ax�sr s.. W6NUf WODDY } . y
<br />1, Cnrnrru+sion Ilumhsr 73J654 l jY (, `•
<br />My0tmlrvssionL'xpires
<br />r� June 20, 2011
<br />Notary Publ c, .ra� Uoun(y, larva
<br />(Expiration of notary's commission
<br />does not invalidate this instrument)
<br />I, William Warnor, Jr., Secretary of the MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, INC.,
<br />do hereby cortify that the above and foregoing is a true and correct copy of the PO`NER- OP•ATTORNCY executed by said Companies,
<br />which is shin. In full force and effaf.4' and has not cash amended or revoked.
<br />In Witness Whereof, I have hereunto act my hand and affixed the seal of the Compaliles or) this 19thdzly of May 2016
<br />r'OA 0014 (6!'15)
<br />23A -18
<br />Secretary
<br />
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