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15-0505_Bond_SUR21000013_Pacific Point Dev_TR 16747 Premium: $3,463.00 SUBDIVISION FAITHFUL PERFORMANCE BOND (GOVERNMENT CODE 66499.2) Bond No. SUR21000013 Replaces Bond No. SUR20000331 KNOW ALL MEN BY THESE PRESENTS, that Pacific Paint oevelo mens Partners LLC (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: Landscape subdivision improvements within Tract 16747 as defined within Amendment#1 and Reinstatement of the Subdivision Improvement 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 Four Hundred Sixty One Thousand Seven Hundred Sixty Three Dollars and 00/100 Dollars, ($461,763.00 ) 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 Dint Development Partners, LLC (NOTARIZATION AND SEAL) By: Its: � e�o�. S� rtiu' ory SURETY: Ironshore Indemnity Inc. (NOTARIZATION AND SEAL) By: leA441Z6 , Margare . Ginem , Attorney-in-Fact Surety Phone No- C/10 VJILLIS OF F=LOKIDA 4211 W.BOY SCOUT BLVD,#1000 TAMPA, FL 33607 Page 2 of 3 WC?UIRIFS:(813)281-2096 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, Da a Here Ween° ame nd T#le of O Icer 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(ies),and that by his/her/their signature(s)an 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 5. W. CORDI is true and correct. Commission#2088325 a _ z WITNESS my hand and official seal. Z � Notary Public-Czlifornla z Z Orange County M Comm.Ex fres 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: Document Date: Number of Pages: Signer(s) Other Than Named Above: _ Capacity(lies) 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. Signature Anett Cardinale AN TT CARDINALE = Commission#FF 138482 r: Expires July 28,2018 ,' ��ry'• Bonded Thru Troy Fein Insurance BZ3B5.7018 This area for Official Notarial Seal Sedate Rill I00, A=.h(fs Sectiozis.1:189 ani :1195.-of;thte:C.4 Code.�d �edii 8 Q2 of the 4aQYl— *-Code, yela4m tao't es:p>illxer'T elielp'vir' ys ca7 formatof"the h di olosure nof�ce.�srsn.exat-npl�, �arptx�a:�s v�`iIlusixatit�Q; A iio y plibl.ic otother of�celr doiriploingthis- cerfificate verifies only the identity-vf the individual vyha.signed the do vrnerit.l 44liiclx:tl�ls .certifloate,is atiaohed,and not the trdthfWness� Agem cy,q valid4y of thg doh ent. .State ofC,aliforfmia Q.unty.bf Ihsert name and title of officer),personally appweo who. prove Sri o the'basis,of�satisfaetory evideriee to h4,J licxsari(s)vJliose riartie(s} sl�re suk�seribeclt� %e vvxtM6, instrument:and acknowledged •to me that helshe/they executed the.same' in hislherAheir attthofizesi capac'it}+(ics), rsd 1,by] isllierfthe z slg6atur(ts) 'qn: the bu tm,61 t - e-Vprson(s),:eii"r the. -efitity, tipp4 behalf ofwhich'#lie persofio acted, cicecsfted tb&instrument, T. �tti 'i rider PENp►1G' " Cal' � EJRY under Ibe lavi-s of 6.5t�it�p�'�allfnrnia f at the foiiegoz� paragraph is true and corrcr n_ WITNESS my.h�nd,-W,6fhcid-sealw Sign aizi're _ (Sea]), POWER OF ATTORNEY Ironshore Indemnity Inc. III- 21000013 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 2_ 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-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. p?S SEAL 1919 !! By: Dan a L.Sits 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. —„,,�' •r,, AMY LTAYLOR Notary Public-Stale of Tennessee Davidson County �+ My Commission Fxpires"1-0918 Amy L 76 m,,0.. +�. Notary Pl+h1k 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 MayZp 15 .trait's �ar� - seni i9r9 1 1 Paul S.Gi dano Y 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.” IRONSIlORE INDEMNITY FffC FINANCIAL STATEMENT SUMMARY As of December 31;2014 ASSETS LIABILITIES fonds $179,140,947 La"ei $63,582,066 Preferred stocks p Reinsurance payable on paid losses and loss adjustrnent expenses p Common stocks 31,M,141 loss adjustment expenses $10,384,957 Mortgage loans on real esbte:l1rst Fens 0 Commissions payable,contingent cOnRyd Bions and other similar charges $1,020,805 Mortgage Irons on reel estate,Other than first liens 0 Other expenses(excluding taxes.licenses and fees( $5,435,126 Properties occupled by the company 0 Taxa,licenses and fees(excluding federal and foreign Income taxes) $2,383,909 Properties held for the production of income 0 Current federal and foreign Income taxes $2,434,392 Properties held for lWo 0 Net deferred tax liability 0 Cash,cash equWalents and short-term Investments S15,632,951 Unearned premiums $29,158,576 Contract bans 0 Advance premium Derivatives 0 Ceded reinsurance premiurrrs Payable(net of ceding commissions) $58,222,187 Other invested assets 0 Funds held by company under reinsurance trestles 0 Receivables for securities 0 Amounts wlthheidor retained by company for accountof others Securities lending reinvested collatera'assets 0 Rrmlttanresandltemxnot a4aated Aggregate wr;tcbsfor lnvestcdmitts 0 Provision(or reinsurance $1,545,075 Subtobls.cash and Invested assets $226,614,039 Net adjustments In assets and tabllHles due to foreign exchange rates Title plants less$..,Charged off 0 Drafts outstanding Investment Income due and accrued $990960 Payable to parent,subsidiaries and affiliates $12,458,110 Uncollected prerts ums and agents'balances in the course of collection $73,567,547 Derivatives 0 Deferred premiums,agion&balances and Installments booked but deferred and not 0 yet due Payable for securities 0 Accrued retrospective prengums 0 Payable for securities lending 0 Amounts recoverable from reinsures $33.586,257 ;Jab llltyfor amounts held under uninsured plans 0 Funds held by or deposited with reinsueed companies 0 Aggregate write-Ins for liabilities $4,185,928 Other amounts receivable under reinsurance contracts 0 Total liabilities excluding protected all liabilities $190,811,131 Amounts receivaWe 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 Total liabilities $190,812,131 Guaranty funds receivable or or deposit 0 Furniture and equipment,Including health are delivery assets 0 POUCYNOLDERS'SSURPLUS Net adjustment In assets and liabilities due to foreign 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 S 000 000 Aggregate write-Ins for other than Invested assets $7,124,971 Preferred capital stock Total assets excluding Separate Accounts,Segregated Accounts and Protected Cot $347,414,611 Aggregate write in for other than special surplus 0 Accounts from Separate Accounts,Segregated Accounts and Protected Cell Accounts 0 Surplus Notes TOTALS _ 347 414 R;11 Gross paid In and contributed surplus $156,938,671 Unassigned funds{surplus, ($5,335,1901 Surp ur as regards policyholders $156,603,481 TOTALS y h� $347,414,611 SUBSCRIBED and swom tome tits t'day of Mytommissan express 7-10—/f& NotaryPutift CERTIFICATE Printed Name ALYSSA TURKOVITZ I certify that the abovefinancial statements to the bcstof my Notary Public,State of New York knowledge are a true and accurate reflection of the finarKI&I ALY55ATURKOVTFZ No.OITU6044514 condition of the Company as of December 31„2014, Qualif ed In Westchester County Additionally,Icertifythatthe above financial statements am .� 71:x. Zri-'l C �nExpiresJuiy10,2018 in agreement with the Statutory Financial Statements filed with the Texas rtornt�4uWlc,State of NewYork., Department of insurance as of the same date, r No.01TU6044514 William J Gleason Qualified In Westchester County $"Ffl,Y—P UMnwrOr Commission Expires July 10,2014 SUBDIVISION LABOR AND MATERIAL BOND (GOVERNMENT CODE 66499.2) Bond No. SUR21000013 Replaces Bond No. SUR20000331 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: Landscape subdivision improvements within Tract 16747 as defined within Amendment#1 and Reinstatement of the Subdivision Improvement 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 Four Hundred Sixty One Thousand Seven Hundred Sixty Three Dollars and 00/100 Dollars ($461,763.00 } 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 _,_1015 , 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• SURETY: Ironshore Indemnity Inc. • � r , (NOTARIZATION AND SEAL) By: dill Marge t A. Ginem , Attorney-in-Fact Surety Phone No. C/O WILLIS OF FLORIDA 4211 W.BOY SCOUT BLVD,#1000 Page 2 of 3 TAMPA, FL 33607 INQUIRIES:(613)231420915 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 ) Coun of ) On before me, &amnd Date rh Here Insetof Officer personally appeared r Name(s)of Signer(s) a who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) [stare 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. Mi�Cornrnlssion#2088325 ZE Notary Public-California WITNESS my hand and official seal. Z go Orange County MY Comm.Ex ices 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(ies) 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 r ❑Other: ❑ Other: Signer Is Representing: Signer Is Representing: I 02014 National Notary Association •www.Nationa[Notary.org - 1-800-US NOTARY(1-800-876-6827) Item#5907 ACKNOWLEDGEMENT BY SURETY STATE OF FLORIDA COUNTY OF HILLSBOROUGH I SS.. On this 191`' 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 ANETT CARDINALE :•: := COdT Mission#FF 138482 Expires July 28,2018 '•J „„'" Bonded Thru Troy Fdn Ineurence Aoo-Woio This area for Oficial Notarial Seal ` e ate: z11 I0 0, er d"s:Sections: :Y$9 acid 195:q :tlie:Cm orle.�d r esti i 8�jot of the JQOVgMWeut,Code, telae ng:# n�j es: l5iM The bel��ov'�}ays cal format of e-tteW di�closure mance;js, examle'.for put. oses ofil use at sn A rioter p4iblic at other affrcex coiripleting tt ; cerfifia ate verifies only the identity of the indimfdu41 who:signed,tlae do u erit.to whiCfi.tb$ ,certificate.is atfached,and not the trut3ifulness., oecur�.Cy;4i�t�al��ity ci�tha�;de�urnen�. State nf4;a ifomia County of oil befr�re tne, Tfieito 'insert name and title cif-offiicgr,personally Oppeared pfoyge4 tO Ag.oit t€-e basis,of'sat st'acto,.y.evidence t�o' ,-Ah—fiersori(s)Whosd nan}e(s)is/gb.su*rj6d to %6.Vvithiri.•itis& mens and acknowledged lo m&'that helshelthey exeouted the.samv.in-.h,,Aer/their :00- 44 that.Oy hisl' or/dhe* Si hatu e{ ) 'qo 11 lgt truipoo t e'ppfson(s),,of the tr RY—matt.behalfof--whtclt`tliepefson('s),arted,.ek6ci dthe nstruinent 1:.cwtify'under ]'ENAI,T�C F �lyRfU1 X iinder.0 J` -of ie,State pf'�alafariila the,the'fci goiti% paragaph is true and earreO- WrrNES'rny.hnnd and offiiefal.seat. r Sgr�ature, Seal. k POWER QE ATTORNEY Ironshore Indemnity Inc. III- 21000013 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 Attorneys)-In-Fact to make,execute,seal and deliverfor,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-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. = SEAL By: Dan a L.Suss n Director ACKNOWLEDGEMENT On this 7`t'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. �l — AhSY L TAY✓<S]R Notary public-Stale of Tennessee + .w + DdVIESOn County -- y, h1/CummdselWlF�W'a+01-09-16 Amy L.Ta Z d VYy 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 19th Day of May 20 15 =4 SZAL 1Bi1 Paul S.GI dwo 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." IRONSADHE 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 ad)ustment expenses 0 Gammon stocks 31,840,111 loss adjustment expenses $10,384,957 Mortgage loans on reel estate,Tirst kens 0 Commissions payable,contingent commissions and other slm8ar charges $1,0201805 Mortgage Irons on real estate,Other then first liens 0 Other expenses(exdud niftaxes.licenses and fees) $5,435,126 Properties occupied by the company 0 Taxed licenses and fees(excluding federal and foreign income taxes) $2,381,909 Properties held for the production of income 0 Current federal and foreign Income taxes $2,434,392 Properties held for We 0 Nat deferred tax liability 0 Cash,cash equivalents and short-term Investments $15,631'„951 Unearned premiums $29,158,576 Contract loam 0 Advance premium Derivatives 0 Ceded reinsurance premiums payable(net of ceding commissions) 558,222,187 Other invested assets 0 funds held by company under reinsurance treaties 0 Receivables for securities 0 Amounts withheld or retained by company for account of others Securities lending reinvested collates;assets 0 Remittances and Items not allocated Aggregate write-Ins forinvested assets 0 Provision for reinsurance $1,545,075 Subtotalt.cash and Invested assets 5226,614;039 Net adjustments In assets and tabllltles due to foreign exchange rates Title plants less 5..,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 yet due Payable for securities 0 Accrued retrospective premiums 0 Payable for securities lending 0 Amounts recoverable from reinsurers $33,586,257 liability 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 receivaWe relating to uninsured plans 0 Protected call llabllrlles Current federal and foreign Income tax recoverable and interest thereon 0 Net deferred tax asset $5,530,837 Totathabilities $190,811,131 Guaranty funds receivable or on deposit 0 Furniture and equipment,Including health caret delivery assets 0 POUCYNOLDERS"SSURPLUS Net adjustment In assets and liabilities due to fond.gn 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 captal stock 5000 000 Aggregate write-ins for other than Invested assets $7,124.971 preferred capital stock 611414 $347, , Total assets excluding Separate Accounts,Segregated Accounts and Protected CO $347,414,611 wrlW.ns forother than special surplus 0 Accounts From Separate Accounts,Segregated Accounts and Protected Cell Accounts 0 Surplus Notes TOTALS _$347,414„613 Gross paid In and contributed surplus $156,938,671 Unassigned funds tsurplusj ($5,335,150) Surp ur as regards policyholders $156,603,481 TOTALS $347,414,611 SUBSCRIBEDand sworn to me thP%',LdV of H�14.'D 1 S mfr My commissa n expires: '7-/0—/if' •'s+ ` C_ss �. _ NotaryPublic CERTIFICATE Pr lted Name ALYSSA TURKOVRZ I certify that the above financial statements to the best of my Notary Public,State of New YorkNO.U1 T1J6044514 knowledge are a true and accurate reflection of the 11nancld ALYSSA TURKOVITI conditlonofthe Company asofDecember 31,2014, Qualified in Westchester'Callrlty a{ r. / Lt z^” Additionally,I certify that the above financial statements are yg,� Clfnmleslfln Fxpirea July 10,2010 In agreement with the Statutory Financial Statements filed with the Texas Nors4*ubllc,State of New York .. Department of insurance as of the same date. No.OITU6044514 WNllam 1 Gleason Qualified In Westchester County 9:9,VP&Trealmm Commission Expires July 10,2014