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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 <br />., ...l„1,•IC I <br />a .... <br />'«alb. �»o <br />�rro ' a. <br />• ip3..... l C <br />POA 0014 (6/15) <br />5acrra<tary <br />