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18-0111_PACIFIC POINT DEVELOPMENT PARNTERS, LLC_Reduced Bond SUR21000016_TR 16752Decrease PENALTY RIDER BOND AMOUNT $102.919.00 BOND NO. SUR21000016 PREMIUM $772.00 To be attached and form a part of Bond No. SUR21000016 dated the 19th day of May, 2015, executed by Ii -onshore indemnity Inc. as surety, on behalf of Pacific Point Development Partners, LLC as current principal of record, and in favor of City of San Juan Capistrano, as Obligee, and in the amount of One Hundred Two Thousand Nine Hundred Nineteen Dollars and 00/100 ($102,919.00). In consideration of the agreed premium charged for this bond, it is understood and agreed that Ironshore Indemnity Inc. hereby consents that effective from the 20th day of December, 2017, said bond shall be amended as follows: THE BOND PENALTY SHALL BE Decreased: FROM: One Hundred Two Thousand Nine Hundred Nineteen. Dollars and 00/100 ($102,919.00) TO: Forty One Thousand One 1-1undred Sixty Seven Dollars and 60/100 ($41,167.60) The Decrease of said bond penalty shall be effective as of the 20th day of December, 2017, and does hereby agree that the continuity of protection under said bond subject to changes in penalty shall not be impaired hereby, provided that the aggregate liability of the above mentioned bond shall not exceed the amount of liability assumed by it at the time the act and/or acts of default were committed and in no event shall such liability be cumulative. Signed, sealed and dated this 11th day of January, 2018. PRINCIPAL Ironshore Indemnity Inc. SURETY �— Donna M. Planeta, ATTORNEY-IN-FACT c/o Willis of Florida, Inc. 4211 W. Boy Scout Blvd., Ste. 1000 Tampa, FL 33607 Inquiries: (813) 281-2095 ACKNOWLEDGEMENT OF SURETY STATE OF Connecticut COUNTY OF Hartford On this 11th day of January, 2018, before me personally came Donna M. Planeta, to me known, who, by me duly sworn, did depose and say that he/she is the attorney-in-fact of the Ironshore Indemnity Inc. that he knows the seal of the corporation; that the seal affixed to the said instrument is such company seal; that it was so affixed by order of the Board of Directors of said company and that he/she signed his/her name thereto by like order. AIMEE PERONDINE NOTARY PUBLIC - CT 174145 Y � MY COMMISSION EXPIRES MAY 31, 2022 Notary Public, Aimee Perondine OF ATTORNEY III- SUR21000016 Ironshore Indemnity Inc. KNOW ALL MEN BY THESE PRESENTS, that IRONSHORE INDEMNITY INC., a Minnesota Corporation, with its principal office in New York, NY does hereby constitute and appoint: Stacy Rivera, Jennifer M. Garten, Donna M. Planeta, Joshua Sanford, Nicole Ann Clark, Aimee R. Perondine, Aiza Lopez, Keri Ann Smith, Brian Peters, Danielle D. Johnson, Stephani A. Trudeau, Adam Martin, Ashley Sinclair, Michelle Anne McMahon its true and lawful Attorneys) -in -Fact to make, execute, seal and deliver for, and on its behalf as surety, any and all bonds, undertakings or other writings obligatory in nature of a bond. This authority is made under and by the authority of a resolution which was passed by the Board of Directors of IRONSHORE INDEMNITY INC. on the 22nd day of April, 2013 as follows: Resolved, that the Director of the Company is hereby authorized to appoint and empower any representative of the company or other person or persons as Attorney -In -Fact to execute on behalf of the Company any bonds, undertakings, policies, contracts of indemnity or other writings obligatory in nature of a bond not to exceed $10,000,000 dollars, which the Company might execute through its duly elected officers, and affix the seal of th Company thereto. Any said execution of such documents by an Attorney -In -Fact shall be as binding upon the Company as if they had been duly executed and acknowledged by the regularly elected officers of the Company. Any Attorney -In -Fact, so appointed, may be removed for good cause and the authority so granted may be revoked as specified in the Power of Attorney. Resolved, that the signature of the Director and the seal of the Company may be affixed by facsimile on any power of attorney granted, and the signature of the Secretary, and the seal of the Company may be affixed by facsimile to any certificate of any such power and any such power or certificate bearing such facsimile signature and seal shall be valid and binding on the Company. Any such power so executed and sealed and certificate so executed and sealed shall, with respect to any bond of undertaking to which it is attached, continue to be valid and binding on the Company. - IN WITNESS THEREOF, IRONSHORE INDEMNITY INC. has caused this instrument to be signed by its Director, and its Corporate Seal to be affixed this 7th day of August, 2013 IRONSHORE INDEMNITY INC. pe p++r Vis: MEAL f lost iced , By. I]an a L. Suss n Director ACKNOWLEDGEMENT On this 7th Day of August, 2013, before me, personally came Daniel L. Sussman to me known, who being duly sworn, did depose and say that he is the Director of Ironshore Indemnity, Inc. , the corporation described in and which executed the above instrument; that he executed said instrument on behalf of the corporation by authority of his office under the By-laws of said corporation. _ aavrnvLoa - Notary Public- Slate o fTen n asses Davidson County lay Commission Expires 07-08-19 BY ��A� Amy aylor NctatV Pubitc CERTIFICATE I, the undersigned, Secretary of IRONSHORE INDEMNITY INC., a Minnesota Company, DO HEREBY CERTIFY that the original Power of Attorney of which the foregoing is a true and correct copy, is in full force and effect and has not been revoked and the resolutions as set forth are now in force. Signed and Sealed atthis _Lt Dayof rJ 120)? 41n%p`` 7419 PaulS.GI dano Secretary "WARNING: Any person who knowingly and with intent to defraud any insurance company or other person, files and application for insurance or statement of claim containing any materially false information, or conceals for the purpose of misleading information concerning any fact material thereto, commits a fraudulent insurance act, which is a crime and subjects such person to criminal and civil penalties."