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15-0505_Bond_SUR21000003_Pacific Point Dev_TR 16747 Premium: $406.00 SUBDIVISION FAITHFUL PERFORMANCE BOND (GOVERNMENT CODE 66499.2) Bond No. SUR21000003 Replaces Bond No. SUR20000327 KNOW ALL MEN BY THESE PRESENTS, that Pacific Point Development Partners t_t.c (hereafter designated as "Principal"), and Ironshore 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: Storm Drain subdivision improvements within Tract 16747 as defined within Amendment#1 and Reinstatement of the Subdivision Agreement for Tract 16747 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 Fifty Four Thousand One Hundred Eighty One Dollars and 00/100 Dollars, (64,181.00 ) 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 (NOTARIZATION AND SEAL) By: � -, Its. SURETY: Ironshore Indemnity Inc. (NOTARIZATION AND SEAL) By: 2904a�& a_ MargarefA. Ginem , Attorney-in-Fact Surety Phone No. C:JO WILLIS Of- I I-C)PIDA 4211 W.BOY SCUT BLVD #1D0U TAMPA, FL 3307 Page 2 of 3 INQIJJRIES:(813)281-209) 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 ri ) l = ' �iC On ` before me, Date , N Jnsert am andTitl of t e Officer personally appeared Name(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 is true and correct. W. CORDI Commission#2088325 WITNESS my hand and official seal. -+ Notary Public-California a z Orange County M Comm.Expires Oct 31.2018~ My Signature d&LoU 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.NationalNotary.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 affixed my official seal on the date in this certificate first above written. 4 Signature Anett Cardinale C01T MISSfOR#FF 138482 W Expkes July 28,2018 OaWo-d T!n F Tro �n 1AWINOODO- - � Td1a This area for Oficial Notarial Seal ;senate DW 105b, ttreuds�:Sections.x:189 iin 4 119-5 'off the:Civil,-Cp'tle 'lurid SeCti�on 910 of the GO.!ewe {.+Cv,de, a ait ttr no es:po li: e:kielnwp}ysica7 format o.. e thew disclosure notice,is-p exgnple,far puxillustratim. A iictaiy pU6lic of other*def coiiiple$in tlt3s: cerdfieate vetifes.only the identity,®f the individual w'ho signed the dacu nerit.to wl i&6"- certificate.is attached,and riot the tri tbfulnessi accitrOLOY,'r`vauility of�,hg 4o�upient. .State'of emiforiaia County.of Oi# - before rrte,,, eW 'iasert name and'title ofiDfficer}9 P ... -- who. ,ersottal]y appearesI .. -p,mved t¢JA, nw$4 bass of` b--fs a tevidence to lse-th4,persa, )w. iot8-ion e(s}isl re sizi ct fied to, the withitf-ftistrument and acknowledged -to --me- that'helshelthey executed the same- in his/her/their authoiir�d apac ty(ies�j, d .that liy.hisldit rlt eiur sigbatute(s) q e ttistru[i t ]re rson(s),:-dr the eixtity tpon,behalf of.whiph tkie perso i(s),acfed; eXecttfe'd tli nstr=ent, I;reit fy'rider. PENA'LTt(OF' PM,. ii.rid�r 4I-le J' of 6e-Stag cif'Cali ft�iiiiii��t the fvz e�o'ht Paragraph is true and correct WITNESS my.hAnd and o#ficid seal: n Si�tature q..___� Seal). POWER OF ATTORNEY III- 21000003 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 appoint and empower any representative of the company or other person or persons as Attorney-ln-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 hearing 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. t x a• . 019 (d By: Dan 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 lronshore 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. AMY L TAYLOR – f,Wnry VpbR4 81u19 Gf 79a,1911l0 JJ' – Davidson County 41%icmmissionExpl-01-09-16 NotaryP 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 _20 15 w fan I �urlalr fi 1 PauIS.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." IRbNSHORE iNDEMNITY INC FINANCIAL STATEMENT SUMMARY As of December 31,2014 ASSETS LIABILITIES Bonds $179,140,947 losses $63,582,066 Preferred stocks 0 Reinsurance payable on paid losses and loss adjustment expenses D Common stocks 31,840,141 toss adjustment expenses $10,384,957 Mortgage loans on real estatc First tens 0 Commissions payable,contingent eommisslorssand other slmilarcharges $1,020,80S Mortgage Irons on real estate;Otherthan first liens 0 Other expenses(excluding taxes.Runes and fees) $5,435,126 Properties occupied by the company 0 Taxes,licenses and fees(cWucrft federal and foreign Income taxes) $2,383,909 Properties held for the production of inoome 0 Current federal and foreign income taxes $2,434,392 Properties held for We 0 Net deferred tax liability 0 Cash,cash equivalents end short-term investments $15,632,951 Unearned premiums $29,158,576 Contract loan D Advance premium Derivatives 0 Ceded reinsurance premiums payable(net of ceding cammisslons) $58,222,187 Other invested assets 0 Funds held by company under reinsurance trestles 0 Receivables for securities 0 Auntswithheld orretained bycompuryforaecounto(others Securities lending reinvested collateral assets 0 Remittances end items not allocated Aggregate write-Insforinvested assets 0 Provision for reinsurance $1,545,075 Subtotals.cath and Invested assets $226,614,039 Net adjustments In assets and labllltles due to foreign exchange rates Title plants less$..,Charged off 0 Drafts oubtending Investment Income due and accrued $99(1,960 Payable to parent,subsidiaries andaMNates Uncollectedpremaumsandagents'balarKinthecourseatcollection $73,567,547 Derivatives $12.458,110 u Deferred premiums,agents'balances and Installments booked but deferred and not 0 yet due Payable for securities 0 Accrued retrospective premiums 0 Payable fonecurities lending 0 Amounts recoverable from reinsurers $33,586.257 Lyabllity for amounts held under uninsured plans 0 Funds held by or deposited with reinsured companies 0 Aggregate wcite-Iris for Ilabllkks $4,186.928 Other amounts receivable under reinsurance contracts 0 Total liabilities excluding protected cell liabilities $190,811,131 Amounts recekvWe relating to uninsured plan 0 Protected cell liabilities current federal and foreign income tax recoverable and interest thereon 0 Net deferred tax asset $5,530,837 Total liabilities $190,811,131 Guaranty funds receivable or on deposit 0 Furniture and equipment,Including health are delivery as" 0 POLICYHOLDERS$SURPLUS Net adjustment In assets and liabilities due to foregn exchange rates 0 Aggregate waste-Ins for special surplus funds 0 Receivables from parent,subsldiarles and affiliates 0 Health are and other amounts receivable 0 Common notal stock 51000,000 Aggregate write-ins for other than Invested assets $7,124,971 Preferred capital stock Total assetsexdudln Separate Accounts, $347,414,511 g pa Segregated Accounts and Protected Cel, Aggregate write+rrs for other than special surplus 0 Accounts From Separate Accounts,Segregated Accounts and Protected Cell Accounts 0 Surplus Notes TOTALS _#1A 7,414,611 Gross paid In and contributed surplus $156,938,671 Onasslgned funds(s urplus, ($5,335,190) Surp"us as regards policyholders $156,603,481 TOTALS ��,,� $347,414,611 SURSCRIBED and sworn tome th,% day 04 H� }�! / MyEoanmliscnexpires: 7•fv-Notary public /'yr CERTIFICATE Printed Name ALYSSA TURKOVITZ I certify that the above financial statements to the bestof my Notary Public,State of NeW York knowledge are a true and accurate refection of the Financial ALYssA TURKOVITZ No.01 TU6044514 condition of the Company as of December 31,2014, - flueltf ed in Westchester County Additionally,lcertify that the above financial statements are Y,�,�/f+y�„ ,/,{,, %'�- ,,.•,- mis8110nEcpireeJuly 10,2018 ht agreement with the Statutory Financial Statements filed with the Texai NotattPutill4 State of New York Department of Insurance as of the same date, No.01TU6044514 WRliam J Gleason quaffed In Westchester County CTS.6.P 8 Trea SL Commission Expires July 10,2014 SUBDIVISION LABOR AND MATERIAL BOND (GOVERNMENT CODE 66499.2) Bond No. SUR21000003 Replaces Bond No. SUR20000327 KNOW ALL MEN BY THESE PRESENTS, that Pacific Point Development Partners. LLC (hereafter designated as "Principal"), and Ironshore 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: Storm Drain subdivision improvements within Tract 16747 as defined within Amendment#1 and Reinstatement of the Subdivision Agreement for Tract 16747 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 Fid Four Thousand One Hundred Eighty One Dollars and 00/100 Dollars ($54.181.00 ) 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 1 9th 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 (NOTARIZATION AND SEAL) Y Its: �� ��a,c� �'•��r�e�br�� SURETY: Ironshore Indemnity Inc. (NOTARIZATION AND SEAL) By: ,,/ Margared Ginem , Attorney-in-Fact Surety Phone No. GIC WILLIS OF FLORIDA 4211 W.BOY SCOUT BLVD,#1000 TAMPA, EL 33607 Page 2 of 3 !NQUIRIES: (313)281-209" 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 ) On before me, • '�-fJ �1' 1 Date a He In a and Title f t Officer personally appeared me(s)of Signer(s) e 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(ies),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. Commission#2088325 WITNESS my hand and official seal. Notary Public-California z z '' Orange County ' My Comm,Expires Oct 31,2018 J 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: ws_ Document Date: j 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 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 affixed my official seal on the date in this certificate first above written. Signature Anett Cardinale E TT CARDINALE mission#FF 138482 res July 28,2018 d Thru Troy Faln Inaurence 900-995-7019 This area for Oficial Notarial Seal Sepafe - ill 105.0; e�ids:Sections 1189 dnd` 195: 'Ohe:C-Ml Code end Sect' W! of'tha rig e e at.Codejeja�n,g-to iiOig "res,'gt slie. '1"liie:bel. -Physical format of Vie,hew disclosure ngaoe_S-;- nM exapple; for pur ase c il u*at� ; A i'iotaty'public or other 6Mdef roiniplPtingtll 5� certificate verifies.only,the identity cif the individual vuho signed.thedo xnent,tra wlitc3i.t i s certificate.is attached,and not the truthfulnessf ` coixra0y,010,alzdty of XwoUpimt. State ofC-aliforimia County.of +Q bek.rd rots,: ihseert name and title Of officerl,personally appeared. > hn pioW to X9 ori Aq basis oi`satisfactoiy-evidtoe to fie persor4(s)'Whose iianie(s) sle}re subscrjbedt�i:. the.w;tlhiri�•itnstrument and aeknowledged -to me, that h0shehhey executed the.same: in� hisfherltheir• �01,9i�zet ,eopacity iesj, "d .than by.-iis/horfd ek �i�h.atur`eW 4n.theAnstruinorJt the Verson(s),;or lie rttity oft.behalf of whaGlx'tk Persbn(s)acted,ei eeuted fli instr=ent< r,Cerk fy'itrider PENAL'1<S 6vPJEAjO yiirider.ibe laws of fie.St�fe vf'Galxft�tniit��t tkk�fviegoiri� 'Para m-ph-is true and'.correct WUNE394y hkndadd,bfeiaksear; igsaattiro (Seal) i POWER DIF ATTORNEY - Ironshore Indemnity Inc. III- 21000003 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-tri-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$7,500,000 dollars, which the Company might execute through its duly elected officers, and affix the seal of the Company thereto. Any said execution of such documents by an Attorney-In-Fact shall be as binding upon the Company as if they had been duly executed and acknowledged by the regularly elected officers of the Company.Any Attorney-ln-fact,so appolltted,may be removed for good cause and the authority so granted may be revoked as specified'1n the Power of Attorney. Resolved,that the signature of the Director and the seal of the Company may be affixed by facsimile on any power of attorney granted,and the signature of the Secretary,and the seal of the Company may be affixed by facsimile to any certificate of any such power and any such power or certificate bearing such facsimile signature and seal shall be valid and binding on the Company.Any such power so executed and seated and certificate so executed and sealed shall,with respect to any bond of undertaking to which it is attached,continue to be valid and binding on the Company. IN WITNESS THEREOF, IRONSHORE INDEMNITY INC. has caused this instrument to be signed by its Director,and its Corporate Seal to be affixed this 7th day of August,2013 IRONSHORE INDEMNITY INC. �"aFP�R1p� � i y SEAL 1919 1. -� By: Dan a L.Suss n Director ACKNOWLEDGEMENT On this 7th Day of August,2013,before me,personally came Daniel L.Sussman to me known,who being duly sworn,did depose and say that he is the Director of Ironshore Indemnity, Inc.,the corporation described in and which executed the above instrument;that he executed said instrument on behalf of the corporation by authority of his office under the By-laws of said corporation. Ally L TAYLOR Notary Pub9o-Stale or Tennessee ZZ ' Davidson CouiPY Amyl.79 Mp CommissionE pros 01-0Wt$ „ Notary Publk 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 atthis19th Day of May 20 15 .u°of bggf± SEAL 1010 1911 Paul S.GI ano - 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 INDEMNITY INC FINANCIAL STATEMENT SUMMARY As of December 31,2014 ASSETS LIABILITIES Bonds $179,140,947 Losses $63,582,066 Preferred stocks 0 Reinsurance payable on paid losses and loss 009ustment expenses 0 Common stocks 31,840,141 Lou adJustmentexpenses $10,391,957 Mortgage loans on real estate.Arlt fens 0 Commissions payable,contingent commissions and other similar charges $1,020,805 Mortgage loans on real estate;Other thanfirst llem 0 Otherexperaes(exgicilnotaxes.IIrent aand fen) $5,435,126 Properties occupied by the company 0 Taxes,licenses and fees(excluding federal and foreign Income taxes) $2,383 9D9 Properties held for the production of Income 0 Current federal and forelgn Income axes $2,434,392 Properties held for sale 0 Na deferred tax liability 0 Cash.cash ectulvalents and short-term investments $15,637 951 Unearned premiums $29,158,576 Contract loans 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 withheldorretalnedbycompany for amount ofothen Securities lending reinvested coliatera!assets 0 Remittances and Items not allocated Aggregate wrlte-Insforinvestedassets 0 Provision for reinsurance $1,545,075 Subtotals.cash and Invested assets $226,614,039 Net adJustrnents In assets and tabilltles due to foreign exchange rates Title plants less$,.;Charged off 0 DraftsoutstandMy Investment Income due and accrued $990,960 Payable to parent,subsidiaries and affiliates $12,458,110 Uncollected prenfurns 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 yet due Payable for securities 0 Accrued retrospective premiums D Payable for securities lending 0 Amounts recoverable from reinsurers $33,586,257 Llablilty for amounts held under uninsured plans 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 excluding protected cell liabilities $190,811,131 Amounts receivab:e relating to uninsured plans 0 Protected cell liabllitles Current federal and foreign income ax recoverable and interest thereon D Net deferred ax asset $5,530,837 Toat gabliitles $190,811,131 Guaranty funds receivable or on deposit 0 Furniture and equipment,Including health care delivery assets D POLICYHOLDEWS SURPLUS Net adjustment In assets and liabilities due to fore gn exchange rates 0 Aggregate wnte-Ins for special surplus funds 0 Receivables from parent,subsldiarles and affiliates 0 Health are and other amounts receivable D Common capotal stock 5,0D0,000 Aggregate wrtte-lnsfor otherthanInvested assets $7,124,971 Preferred capital stock Total assets excludin rate Accounts, $347,414,611 g Septa Segregated Accounts and Protected Cel. Aggregate wrltr m for other than species surplus 0 Accounts From Separate Accounts,Segregated Accounts and Protected Cell Accounts 0 Surplus Notes TOTALS $3-0T 416,611 Gross paid In and contributed surplus $156,938,671 Unassigned funds Jsurplus; ($5,335,190) Surp`uy as regards policyholders $156,603,481 TOTALS $347,414,611 _ Sl1R5tiRI8EDand swam to me thls •dayof M/yl�!. v'J .f Mycommisrnesp,ra: 7.14;—I� ��-� /• v;,f���-� - - Hoary Public .1011 CERTIFICATE Pri�ad Name ALYSSA TURKOVIIZ I certify that the above financial statements to the bestof my Notary Public,State of New York knowledge are a true and accurate reflection of the financial ALYSSATURxOvrij No.0ITU6044514 condition oftheCompany asofDecember 51,2014, f Oust.i#ledInWestchester County Additionally,I cetify thathe above financial statements are Y� . nr� f f� .y C'UIT Mi8siOn ftpil8'Ei July 10,2018 M agreement with the Statutory Flnandal Statements filed with the Texas Notatf,1'ublic.Scale of New York Department of Insurance as of the same date No.01TU6044514 William Gleason Clisaflaed In Westchester County SLi2.VP&Teti asu�rer Conrmisshsn Expires July 10,2014