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15-0505_Bond_SUR21000002_Pacific Point Dev_TR 16751 Premium: $225.00 SUBDIVISION FAITHFUL PERFORMANCE BOND (GOVERNMENT CODE 66499.2) Bond No.SUR21000002 Replaces Bond No.SUR20000340 KNOW ALL MEN BY THESE PRESENTS, that Pacific Point Development Partners l_t C (hereafter designated as "Principal"), and Ironshcre Indemnity Inc. , as Surety (hereinafter called "Surety") agree to install and complete certain designated public improvements as conditioned by City Council Resolution No's. 92-6-16-4 and 03-09-16-06. WHEREAS, said Principal is required to furnish a bond pursuant to Municipal Code Section 9-5.101 and 9-5.109 et seq., for the faithful performance to guarantee certain work, more particularly described as follows: Monument subdivision improvements within Tract 16751 as defined within Amendment#1 and Reinstatement of the Subdivision improvement Agreement for Tract 16751 NOW, THEREFORE, we, the Principal and Surety are held firmly bound unto the City of San Juan Capistrano, (hereafter called "Obligee") in the penal sum of Fourteen Thousand Dollars and 00/100 Dollars, ($14,000.00 ) lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, successors, executors and administrators, jointly and severally, firmly by these presents. NOW, THEREFORE, the condition of this obligation is such that, if Principal shall promptly and faithfully perform said improvement obligations within the fully executed and recorded subdivision improvement agreement, then the obligation shall be null and void; otherwise it shall remain in full force and effect. Page 1 of 3 BE IT FURTHER RESOLVED: 1. As a part of the obligation secured hereby, and in addition to the face amount specified, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. 2. Said Principal, for value received, hereby stipulates and agrees that no change, extension of time, alteration, or modification of the contract documents or of the work to be performed thereunder, shall in any way affect its obligations or this bond, and it does hereby waive notice of any such change, extension of time, alteration, or modification of the contract documents or of work to be performed thereunder. IN WITNESS WHEREOF, this instrument has been duly executed by the Principal herein named on the 19th day of May , 2015 ,the name and corporate seal of each corporate party being hereto affixed and these presents duly signed by its undersigned representatives pursuant to authority of its governing body. PRINCIPAL: Pacific Point Development Partners, LLC �y (NOTARIZATION AND SEAL) Its: SURETY: Ironshore Indemnity Inc. r� (NOTARIZATION AND SEAL) By: �`l9 , Marga tA. Ginem , Attorney-in-Fact (;/0Suret Phone No. �0 WILLIS Cif"'FLORIDA Y 4211 W.BOY SCOUT BLVD,#1000 TAMPA, FL 33607 INQUIRIES.-(813)281-2096 Page 2 of 3 APPROVED AS TO FORM: By: NOTE: Please attach Acknowledgement and Power of Attorney Page 3 of 3 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE§1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached,and not the truthfulness,accuracy,or validity of that document. State of California ) County of—t) (?--- ) On4J1 IS'a'ubefore me, �-t/, lM �1,) C Date re Inse am and Title of the Officer personally appeared Name(s)of Signer(s) v who proved to me on the basis of satisfactory evidence to be the person(s) whose name($) is(are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(les),and that by his/her/their signature(s)on the instrument the person(s), or the entity.upon behalf of which the person(s) acted,executed the instrument. I certify under PENALTY OF PERJURY under the laws ] of the State of California that the foregoing paragraph W. CORDI is true and correct. io Commission#2088325 zWITNESS my hand and official seal. Notary Public -Californla z Orange County �My Comm:Expires Oct 31,2018 Signature Signature of Notary Public Place Notary Sea!Above OPTIONAL Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Document Title or Type of Document: T Document Date: Number of Pages: Signer(s) Other Than Named Above: Capacity(les) Claimed by Signer(s) Signer's Name: Signer's Name: ❑Corporate Officer — Title(s): ,_. ❑Corporate Officer — Title(s): ❑ Partner — ❑ Limited ❑General ❑ Partner — ❑ Limited ❑General ❑ Individual ❑Attorney in Fact ❑ Individual ❑Attorney in Fact ❑Trustee ❑ Guardian or Conservator ❑Trustee ❑Guardian or Conservator ❑Other: _ ❑ Other: Signer Is Representing: _. Signer Is Representing: 02014 National Notary Association -www.NationalNotary.org • 1-800-US NOTARY(1-800-876-6827) Item#5907 i 4 E A ACKNOWLEDGEMENT BY SURETY STATE OF FLORIDA COUNTY OF HILLSBOROUGH I SS. On this 19'h day of May, 2015 before me, personally came Margaret A. Ginem, who is personally known to me (or proved to me on the basis of satisfactory evidence) to be the person who executed the within Instrument as Attorney-In-Fact on behalf of Ironshore Indemnity Inc., and acknowledged to me that he/she executed the within instrument on behalf of said surety company and was duly authorized to do. In witness whereof, I have signed and affixed my official seal on the date in this certificate first above written'. Signature Anett Cardinale Iy1.111 ANE'TT CARDINALE _► COMMission#FF 138482 Expir8s Judy 2 ,2418 Rt, epee TNU T-y Pam lnkftr,MUS.ro,s This area for Official Notarial Seal Setate.Bill 105.0, taftefids Sections:1-:180 anii 1195 qVthe:Civil. Code and geotioli 8 02 of I& QO.wmMe t.Coati ;telatxngt[r nQtaiSte�.�5�#�I e:ne.lie1�' -pS ys cal format of tie riew disclosure ng0ce is-aaxi exaznplz, £or purposes of it wtxa nxx A Yiot public oz~ofher officelr cori'ipl�tina t��� . certifibate verifies only the id6ntity of the indi-us`duaI whn:signed,the d6oggerit t6 _certificate,is attached,and not the trrithfulness, a,NLJrgy;ory al dity of th4f.doCup ent. State of'Califbruia. C.6xinty.of 0r1, _ . _ .: ef`4re me,. ieiv -insert name and title af-rfficerl,•lpersonally appeared who, fJDV!tl tO94.att'tho bays:of s9tisf4pory evidence to i6 hl ,pers©ix(s) w�osa name(i)ls/40.sul s'c'bedty. the wiflxiri •instrument and acknoxvledged -to rne, that:lxelshelthey executed the.same: in hisfherftheir ;kpo'of±zed .oapacriy(es), 4pd that by hisiherrlthefz -"ghature(s) On the. itistruincait ire Vj�rson(s),:ar •the �--Atity tipnn behalf of which the persori(S).acfed,ekecrzted tri&,'mstruroent, ertg. i 'iirider PENALTY C!l . p RJCi12�`�iride alae laws 'of t�xe. t to Q#" aliftiriiia that the fo go ri -paragaph is true and'correct- Wn NESS ii y hAnd and..6fhci4seat: 9-8 (Sea]),Seal P()WFR C)F ATTDRNEY III- 21000002 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:David H.Carr,Anett Cardinale,Margaret A.Ginem its true and lawful Attorney(s)-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 appolnt 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 $7,500,000 dollars, which the Company might execute through its duly elected officers, and affix the seal of the 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 seated 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. g SEAL t- 1819 By: clan a L.Suss n Director ACKNOWLEDGEMENT Can 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 fronshore 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. u ,.% I L y,,•`��^�''''•— AMY L TAYLOR �, Notary Public-Slate of Tennessee ..�..1 Davldson County My Commission Explre 01-09-16 *L.Tftyj� �� •''��:;?aar � Notary Pu41ic 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 at this 19th Day of May Zp 15 •`t°�Ptl�jp'e�y SEAL 191P Pauls.Gi clan 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." IRONSHORE MDEMNITY INC FINANCIAL STATEMENT SUMMARY As of December 31,2014 SETS LIABILITIES Bonds $179,140,947 leases $63,582,066 Preferred stocks 0 Reinsurance payable on paid losses and loss adjustment expenses 0 Common stocks 31,840,141 Less adjustment expenses $10,384,957 Mortaageloans onreal estatc brit tens 0 Cammiss)onspayable,contingent commissions and other similar charges $1,020,805 Mortgage loans on real estate;Other than first liens 0 Other expenses(exuding taxes.licenses and fees( $5,435,125 Properties occupied by the company 0 Taxes,licenses and fen(exdudmg federal and foreign income taxes) $2,383,909 Properties held for the production of Income 0 Current federal and foreign Income taxa $2,434,392 Properties held for see 0 Nat deferred tax liability 0 Cash,cash equivalents and short-term investments $15,632,951 Unearned premiums $29,158,576 Contract lwns 0 Advance premium Derivatives 0 Ceded reinsurance premiums payable(net of ceding commissions) $58,222,187 Other invested assets 0 Funds held by company under reinsurance treaties 0 Receivables for securities 0 Amounts withheld or retained by company for accountof others Securities lending reinvested collateral assets 0 Remittances and items not atloated Aggregate write-Ins forinvested assets 0 Provision for reinsurance $1,545,075 Subtotals.cash and Invested assets $226,614,.039 Net adjustments In assets and$abilities due to foreign exchange rates Titre plants less S..,Charged off 0 Drafts outstanding Investment Income due and accrued $990:960 Payable to parent,subsidiaries and affiliates $12,458,110 Uncollected prem Ums and agents'balances in the course of collection $73,567,547 Derivatives 0 Deferred premiums,agents'balances and Installments booked but deferred and not 0 Payable for securities 0 Accrued retrospective premiums 0 Payable for securities lending 0 Amounts recoverabte from reinsurers $33.586,257 Liability for amounts held under uninsured pians 0 Funds held by or deposited with reinsured companies 0 Aggregate write-ins for liabilities $4,185 928 Other amounts receivable under reinsurance contracts 0 Total liabilities exduding protected ce81labl8tles $190,811131 Amounts receivab:e relating to uninsured plans 0 Protected cell liabilities Current federal and foreign Income tax recoverable and interest thereon 0 Net deferred tax asset $5,530,837 Tont Rabilities $190,811,131 0 Guaranty funds receivable or on deposit Furniture and equipment,induding health are delivery assets 0 POUCYMDERYS SURPLUS Net adjustment In assets and liabilities due to foregn exchange rates 0 Aggregate wnte-Ins for special surplus funds 0 Receivables from parent,subsidiaries and affiliates 0 Health are and other amounts receivable 0 Common aptal stock 5 000 000 Aggregate wrktrins for other than Invested assets $7124,971 preferred capital stock Total assets excluding Separate Accounts,Segregated Accounts and Protected Cat $347,414,511 Aggregate vrtite;m for other than special surplus p Accounts From Separate Accounts.Segregated Accounts and Protected Cell Accounts 0 Surplus Notes TOTALS $347,414,611 Gross paid In and contributed surplus $156,938,671 Unassigned fundsjsurplusj ($5,335,190) Surp us as regards policyholders $156,603,481 TOTALS $347,414,611 SUBSCRIBED and sworn tome tl ls'L day of (/I�/�}�//} {/✓s My corrindss.cn eaprrn: 7-to-!S- g. r y�• `f �(�t,� '�__ Notary Public CERTIFICATE �? Printed Name ALYSSA TURKOVIlZ I certify that the above financial statements to the best of my Notary Public,State of New York knowledge are a true and accurate reflection of the financla] ALYSSATUPXOVM No.01 TU60445514 ,�.s condition d the Company as of December 31,2014, ' r Q'Llailfl'@CI In Westchester�'t Addi0onally,I certify that the above financial statements are 1 Expires�6F� %�Q1 in agreement wlth the Statutory Financial Statements filed with the Tcimi - 'H0 6114 State of New York .� Department of Insurance as of the same date e No.OITU6044514 William Gleason Qualified In Westchester County 912.yrp$TrBU=L Commission Expires July 10,2014 SUBDIVISION LABOR AND MATERIAL BOND (GOVERNMENT CODE 66499.2) Bond No. SUR21000002 Replaces Bond No. SUR20000340 KNOW ALL MEN BY THESE PRESENTS, that Pacific Point Development Partners LLC (hereafter designated as "Principal"), and Ironshore Indemni Inc. , as Surety (hereinafter called "Surety") agree to install and complete certain designated public improvements as conditioned by City Council Resolution No's. 92-6-16-4 and 03-09-16-06. WHEREAS, said Principal is required to furnish a bond pursuant to Municipal Code Section 9-5.101 and 9-5.109 et seq., for the faithful performance to guarantee certain work, more particularly described as follows: Monument subdivision improvements within Tract 16751 as defined within Amendment#1 and Reinstatement of the Subdivision Improvement Agreement for Tract 16751 NOW, THEREFORE, we the Principal and Surety are held firmly bound unto the City of San Juan Capistrano, (hereafter called "Obligee") in the penal sum of Fourteen Thousand Dollars and 00/100 Dollars ($14,000.00 ) lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, successors, executors and administrators, jointly and severally, firmly by these presents. NOW, THEREFORE, the condition of this obligation is such that if the above bound Principal, his or its heirs, executors, administrators, successors or assigns, shal in all things stand to and abide by and well and truly keep and perform the covenants, conditions and provisions per City Council Resolution No's. 92-6-16-04 and 03-09-16- 06, on his or their part, to be kept and performed at the time and in the manner therein specified, and in all respects according to their true intent and meaning, and shall indemnify and save harmless the City, its offers, agents and employees as therein stipulated, and, as necessary enter into a Subdivision Agreement, then this obligation shall become null and void; otherwise it shall be and remain in full force and effect. Page 1 of 3 BE IT FURTHER RESOLVED: 1. As a part of the obligation secured hereby, and in addition to the face amount specified therefore, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. 2. Said Principal hereby stipulates and agrees that no change, extension of time, alteration, or modification of the terms of the agreement or of the work to be performed thereunder, shall in any way affect its obligations or this bond, and it does hereby waive notice of any such change, extension of time, alteration or modification of the terms of the agreement or of the work or to the specifications. IN WITNESS WHEREOF, this instrument has been duly executed by the Principal herein named on the 19th day of May 2015 , the name and corporate seal of each corporate party being hereto affixed and these presents duly signed by its undersigned representatives pursuant to authority of its governing body. PRINCIPAL: Pacific Point Development Partners, LLC k�c, 9 (NOTARIZATION AND SEAL) Its: �4�- -�c.� 1 SURETY: Ironshore Indemnity Inc. (NOTARIZATION AND SEAL) By. /uT Margaret A. Ginem , Attorney-in-Fact Surety Phone No. C:10 WILLIS OF FLORIDA Oaf 1 YJ,BOY SCOUT BLVD,#10oo 'YAMPA, FL 33607 INQUIRIE&(813)281-2095 Page 2 of 3 APPROVED AS TO FORM: By: NOTE: Please attach Acknowledgement and Power of Attorney Page 3 of 3 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE§1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached,and not the truthfulness,accuracy,or validity of that document. State of Californi County of ) �� vb/� On � before me, ►` Y/ Date Ham In ertName and T7t/d of the Officer - personally appeared l IVame(s)of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(les),and that by his/her/their signature(s)on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph W.CORDI is true and correct. a F Commission#2088325 x WITNESS my hand and official seal. x Notary Public-California z Z Orange County Mr Comm.Expires Oct 31,2018+ Signature Signature of Notary Public Place Notary Seal Above OPTIONAL Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Document Title or Type of Document: — Document Date: Number of Pages: Signer(s) Other Than Named Above: Capacity(les) Claimed by Signer(s) Signer's Name: Signer's Name: ..._ ❑Corporate Officer — Title(s): ❑Corporate Officer —Title(s): ❑ Partner — ❑ Limited ❑General ❑ Partner — ❑ Limited ❑General ❑ Individual ❑Attorney in Fact ❑ Individual ❑Attorney in Fact ❑Trustee ❑Guardian or Conservator ❑Trustee ❑Guardian or Conservator ❑Other: ❑ Other: Signer Is Representing: Signer Is Representing: 02014 National Notary Association -www.NationaiNotary.org - 1-800-US NOTARY(1-800-876-6827) Item#5907 ACKNOWLEDGEMENT BY SURETY STATE OF FLORIDA. COUNTY OF HILLSBOROUGH I SS. On this 19th day of May, 2015 before me, personally came Margaret A. Ginem, who is personally known to me (or proved to me on the basis of satisfactory evidence) to be the person who executed the within Instrument as Attorney-In-Fact on behalf of Ironshore Indemnity Inc., and acknowledged to me that he/she executed the within instrument on behalf of said surety company and was duly authorized to do. In witness whereof, I have signed and a ed my official seal on the date in this certificate first above writte Signature Anett Cardinale ANETT CARDINALE Commission#FF 138482 Expires July 28,2018 r�';,•' Bonded Thru Troy Fein Ineurenee 900,9:.7019 This area for Official Notarial Seal Setat4 tifil i0$0, alfteij s 9016 li 11$9 amid : 195:'Qf OId CMX' Code end SeOtion 8-2- 01 of the Croyyprp)ncAt.Co,4e;felafint nptaarres. U lie.' e.: el.w phys caY format o die ri w disclosure not cq i,; n�Xatnple; fpr.pwr►oses of illustratio�L. A JrYiitaty plililic of other offiiidefr caihplieting t j$., cerfifiWe verafies only the identity of the individual�vho,signed<the dacuinerit to whleh.t s. .certificate,is attaehed7 and not-the truthfulness; ceiiraCy, valxdaty pf t.b4f do0uMem State of California Giiunty.df. On .;before ine, , Erste 'ifisert name an&title 6f a#ficerj;,persgnally appeared prove#i t Int'oil'the bas"rs-of'satisfacoy.evtdence tc f� tTi 'persori(t;�diose iiarie(s) slare.s[�lt5crjtr'edto, ;the WANA. instrument:and acknowledged -to me, that; helshe/they executed the saint=in hioier/thein 4utb-oiized'.capacrty0pA "0.tit BY�iOh00lieii `si&kwre{ -Olk#h q,iottruftwot 4he'P;erso13(s),:or the �eAtity upon.behalf of-whip-Mh6 Oft i(t),acted,cicecuted t}ie-iastrurnent I,i cit fj+'iYrider PENAL,T QP 1°ECtITJRY iixidec the lades 'of li te. ti}te of Callfotisia i at the foregQizrg paragraph:is true and cormcf. VnTNE SS-my,hAnd and official-seal, ; Si.gpaturc Seal ), r i POWER OF A'I I URIMET Ironshore Indemnity Inc. III- 21000002 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:David H.Carr,Anett Cardinale,Margaret A.Ginem its true and lawful Attorney(s)-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$7,500,000 dollars, which the Company might execute through its duly elected officers, and affix the seal of the 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-Katt,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. 9EAL�n 1919 4�ry� By: Dane La 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. ,441�11a�1r,r,�q, AMY L TALO Notary Public-StalYR e of Tennessee 44 ... ' - I Davidson County Am My Cammisslon Expires 07-09-18 Y L To _ Notary Pubk 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 at this 191h Day of May20 15 �a,, REAL,1 1919 -Zo`1 i Pauls.Gi dana 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." IRONSNORE iNDEMNITY INC FINANCIAL STATEMENT SUMMARY As of December 31,2014 ASSETS UABILMES Bonds $179,140,947 to*'" $63,58$066 Preferred stocks p Reinsurance payable on paid fossa and lou adjustment expenses 0 Common stocks 31,840,141 Loss adjustment expenses $10,384,957 Mortgage loans on red estate;First tens 0 Commissions payable,contingent commissions and other similar charges $1,020,805 Mortgage loans on real estate;Other than first liens 0 Other expenses(excluding taxes,licenses and fees) $5,435,126 Properties occupied by the company 0 Taxet licenses and fees(excluding federal and foreign Income taxes) $2,383,909 Properties held for the production of lnoome, D Current federal and foreign Income taxes $2,434,392 Properties held for Me 0 Net deferred tax liability 0 Cash.cash equivalents and short-term investments $15,637 951 Untamed premiums $29,158,516 Contract bats 0 Advance premium Derivatives 0 Ceded reinsurance premiums Payable(net of ceding commissions) $58,222,187 Other invested"nets 0 Funds held by company under reinsurance treaties 0 Receivables fel securities 0 Amounts withheld or retained by company for account of others Securities lending reinvested collateral assets 0 Remlttancaand items nota!located Aggregate write-Insforinvested assets 0 Provision for reinsurance $1,545,075 Subtotals.cash and Invested assets $226,614,039 Nat adjustments in assets and labilitles due to foreign exchange rates Title plants less$...Charged off 0 Drafts outstanding Investment Income due and accrued $990,960 Payable to parent,subsidiaries and affltlstes $12,458,110 Uncollected prerrtumsand agents'balances lnthe course ofcollection $73,567,547 Derivatives 0 Deferred premiums,seen[:'balances and installments booked but deferred and not 0 yet due Payable for securities 0 Accrued retrospecdvePremiums 0 Payable for securities lending 0 Amounts recoverable from reinsures $33,586,257 Usbillty forarnounts held under uninsured plans p Funds held by or deposited with reinsured companies 0 Aggregate write-Inv for liabilities $4,185,928 Other amounts receivable under reinsurance contracts 0 Total liabilities excluding protected can liabi0ties $190,811,131 Amourds receivable relating to uninsured plans 0 Protected cep liabilities Current federal and foreign income tax recoverable and interest thereon 0 Net deferred tax asset $5,530,837 Total Rabilities $190,811,131 Guaranty funds receivable or on deposit 0 Furniture and equipment,Including healthcare delivery assets 0 POUCYHOLDERYSSURPLUS Net adjustment In assets and liabilities due to foregn exchange rates 0 Aggregate wnte-Ins for special surplus funds 0 Receivables from parent subsidiaries and affiliates 0 Health are and other amounts receivable 0 Common capital stock 5 000 000 Aggregate write-Ins for other than Invested assets $7124,971 Preferred capital stock Total assets excluding Separate Accounts,Accounts,Segregated Accounts and Protected Cel Aggregate write;rts for other than special surplus p Accounts From Separate Accounts,Segregated Accounts and Protected Cell Accounts 0 Surplus Notes TOTALS _ s-x _ $M7J414,611 Gross paid In and contributed surplus $156,936,671 Onessign ed funds O urplusj ($5,335,190) Surp us as regards policyholders $156,603,481 TOTALS $347,414,611 SUBSCRIBEDand sworn tometMdayofMHy, Mycomm rsone Wres. 7-/0 Notary Public cERTIFICATE Printed Name ALYSSA TURKOVITZ I certify that the above AnanGal statements Public,State d New Yorktem ts to the bestof my NO.����{�Jt 4 knowledge are a true and accurate re0ectlon of the finan iel ALYSSATURKOy� _ condition of the Company as of December 31,2014, / / Qualifled tf1 WestctieE ter COt1rq Addk]ixidiy,I certify that the above financial statements are r f•N' nF J dy ir`JLs cofTuNs3alon Expires July io,2ota M agreement with the Statutory Flnandal Statements filed with tho Texas ifotatt( Wlc,Sate of Frew York Department of Insurance as of the same data, No.01TU6044514 WRI1am1 Gleason QuaBfied In Westchester County fS7�1481s1SC_ Commission Expires July 10,2014