BoNDIN(3 COMPANY
<br />FLOWER OF PATTORNE #
<br />Know All Persons By These Presents, thaf MERCHANTS BONDING COMPANY (MUTUAL.) and MERCHANTS NATIONAL BONDING,
<br />INC, both being corporations of the state of Iowa (herein collectively called the "Companies") do hereby make, constitute and appoint,
<br />individually,
<br />Eric Lowey; Jennifer C Anaya; Kevin Cathcart; Mark Richardson; Shawn Blume;
<br />Stephanie Hoang; Teresa I Jackson
<br />their true and lawful Aftorney(s)-in-Fact, to make, execute, soel and deliver on behalf of the Companies, as Surety, bonds, undodakings
<br />and other wrltoll obligations in the nature thereof, subject to the limitation that any aitch Instrument shall not exceed the amount of:
<br />TEN MILLION ($10,000,000.00) DOLLARS
<br />This Power -of -Attorney is granted and Is signed and sealed by facslmlle under and by authority of the following By Laws adapted by the
<br />Board of Directors of Merchants Bonding Company (Mutual) on April 23, 2011 and adopted by the Board of Directors of Merchants
<br />National Bonding, Inc., on October 24, 2011.
<br />"The President, Secretary, I reasuror, or any Assistant'Ir"eurer or any Assistant Secretary or any Vico President shall have power and
<br />authority to appoint Attorneys do -Fact, and to authorize them to execute on behalf of the Company, and attach the seal of the Company
<br />thereto, bonds and undertakings, reoognizancea, contracts of Indemnity and other writings obligatory in the nature thereof."
<br />"The signature of any authorized offloer and the seal of the Company may be affixed by facsimile m electronic transmission to any Power of
<br />Attornry or Certification thereof authorizing the oxecutlon antl dpllvory of any bond, undertaldng, recognizance, or other suretyship
<br />obligations of the Com pony, and such signature and seal when so used shall have the same force and effect as though manually fixod."
<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 molodas any and at consents for the release of retained percentages andror final astlmatas on engineering and
<br />construction contracts required by the State of Florida Department of rranspdrtation. It is fully understood that consenting to the State of Florida
<br />Department of Transportation making payment of the final estimate to the Contractor anal its aselgnoe, shall not relieve this surely company
<br />of any of its obligations under Its bond.
<br />In aonnedticn with obligations In favor of the Kentucky Department of Highwoys only, 0 Is agreed that the power and authority hereby pill
<br />to the Attorney -In -Fact oennot'ue modified or revoked unless prior written personal notice of such intent has been given to the Commissioner -
<br />Department of Highways of the Connmionweelth of Kentucky at least thirty (30) days prior to the modllcation or ravocadon.
<br />In Witness Whereof, the Companies have caused this Instrument to be signed and sealed this 2nd day of December 2016
<br />"•, 01..""°o. •«•••• MERCHANTS BONDING COMPANY (MUTUAL)
<br />oW,.ffi�9^�...... �, '+. »"Nb,`,I. C1)rj9�,p MERCHANTS NATIONAL SONDING, INC,
<br />•`ham C• paa1'�Cd 4 '4St t EO�(il�ryyT'�.,4;
<br />el.. -0- t7
<br />"',�',�'Ii LAW e,.d °d♦. leas0.
<br />".�`.fax,',d'• ... » »s P�yagv".,. ,•4,`'S�`.a BY
<br />STATE OF IOWA "•,•o, •+ ' «"»'.....••••
<br />COUNTY OF Dallas as. �� 1 Preaidant
<br />On this 2nd day of December 2015 . before It appoared Garry Taylor, to me personally known, who being by me sworn did say that
<br />he Is President of the MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, INC.; and that the seals affixed
<br />to the foregoing Instrument are the Corporate seals of the Companies; and that the sold Instrument was signed end sealed In behalf of the
<br />Companies by autharlty of their respective Boards of Directors.
<br />WENgY WOQOYWOQOY
<br />Cnrnmi;.slnntsoilerxpreb4 •v ,�l„ �','^�„�,..G��^'..
<br />M� Canines oil E�:s lees
<br />/o J June 202 2017 _ +,,
<br />Notary PUUl c, ,4b County, laws
<br />(Expiration of notary's or mmisslon
<br />dues riot Invalidate this instrument)
<br />I, William Warner, Jr., Stodxsary of the MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, INC.,
<br />do hereby certify that the above and foregoing is a true and correct dopy of the PO`NER-OF^ATTORNEY executed by said Companies,
<br />which is still In full fordo and affect and has not been amended or revoked.
<br />In Witness Whereof, I have hereunto set my hand and affixed the seal of the Companies an tills 19thday of May 2016
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<br />POA 0014 (6/15)
<br />5acrra<tary
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