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15-0505_Bond_SUR21000021_Pacific Point Dev_TR 16749 Premium: $225.00 SUBDIVISION FAITHFUL PERFORMANCE BOND (GOVERNMENT CODE 66499.2) Bond No. SUR21000021 Replaces Bond No.SUR20000333 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: Monument subdivision improvements within Tract 16749 as defined within Amendment#1 and Reinstatement of the Subdivision Improvement Agreement for Tract 16749 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 Five Hundred Dollars and 00/100 Dollars, ($14,500.00 ) 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: �. •er' -c. �`�� tt �. SURETY: Ironshore Indemnity Inc. (NOTARIZATION AND SEAL) By: Margar A. Ginem , Attorney-in-Fact Surety Phone No. C/O WILLIS OF FLORIDA 4211 W BOY SCOUT BLVD,#1000 TAM PA, Fl 33607 Page 2 of 3 !NC?UIPIES: (813)281e209,9 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 n ) f Oni before me, Dat He Osert am&aTitle he fficer 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)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. C0R01 Commission#2088325 WITNESS my hand and official seal. Notary Public-Callfornla A Orange County M Comm.Ex fres Oct 31,201 a J Signature NXUA 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 ❑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 r' I A(NETT CARDINALE Commissian#FF 138482 �aa'i Exons Jury 28,2018 f!„I BondNT"TroyFintm�e .aaasestats This area for Official Notarial Seal `m ate:$kl I00.0, omeftOd Sections !A 89 maid 1, - Q�;thie:�x�X.tade dud 8ealoo 8202 of thin A3o vemin cqt.C ocje;relatingto nQtaixes:ptl#lic:- 1e 1 elo�v ysicaY format of ai�clos&e ivoce; s_P examp!4 for puww4es austra Pp. A iioAffy public of othdr affidea doii-.pliet'ing tfi#$. certificate verifies only the identity of the indivi ua-i vvho.signed•the dooment.ta whi.dh-t Certificate is attached,and not the trdtUulness, anciirgy;oX validity of that.(]OuToent Stam of California. .CQ.unty,of insert narrze'andtitbe-of off`icerjo perso gjIy apexed who pt oy d to A�oji thd.bas,is-o sat 5#a t�iiy.evideric tQ 6e fixe erson };ivF ose iianie s) sl re suliscrjbed tc. %6-within •instrument and acknowledged to me• that:helshefthey executed the same- in hisfherftheit autho ized' aciiy(1,4), (104 that-by�islfterAW;r Mpa-Wt.b(�) •Qjiifae uistrnbIVPt #fie-i rson(s},: at tiie :c ttity uport.biAW of whiclt he pefson(§)acted,eitecuted tiJi&4nstrurneAt: brty iiri,der FENAI;'I 'QF ti.ridor ,tae ]avvs 'of te. tat of Gall#tmia khat the faxegom paragraph is true and'cormc WITNESS rnj+'IAnd ai�d.officia-waL �r (Sea)). POWER OF ATTORNEY III- 21000021 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-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 duty elected ufficers,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 seat 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 certlficate 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. IL 14%9 By- 04 a t.5tiss 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. - AMY L TSteteAYLORor Ai _ _ Nolery Publlc- Tennessee r Davidson County Am L T¢f ��,, �c MY Commission Ezoires D%-037fi y y ••y'' u?;:.•"�� - Notary Publlc 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 Mav 20 15 SEAL %v r3 Paul S.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." IRONSNORE MDEMNrTY INC FINANCIAL STATEMENT SUMMARY As of December 31,2014 ASSETS LIABILITIES Bonds $179,140,947 Losses $63,582,066 Preferred stocks a Reinsurance 0 payable on paid Losses and loss ad)ustment expenses p Common stocks 31,840,141 Loss adjushnentexpense$ $10,384,957 Mortgage loans on real estaWArstkens 0 Commissions payable,contingent eommissionsand other similar charges $1,020,805 Mortgage loans on real estate;Other than first Rens 0 Other expenses(exduding taxes.licenses and fees) $5,435,126 Properties occupied by the company 0 Taxes,licenses and fees(exdudmg federal and foreign income taxes) $2,383,909 Properties held for the production bf inoome 0 Current federal and foreign Income taxes $2,434,392 Propertles held for sa'.e 0 Not deferred tax liability 0 Cash,rash equivalents and short-term investments $15,632 9S1 Unearned premiums $29,158,576 Contract loans 0 Advance premium Derlvattves 0 Ceded reinsurance premiums payable(net of ceding commissions) $58,222,787 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 collateral assets 0 Remittances and items not allocated Aggregate wrltNnsfor invested assets 0 Provisionforroinsurena $1,545,075 Subtotals.cash and invested assets $226,614,039 Net adjushnentslnassets and tabllRlesdue toforeign exchange rates Tittle plants leis$.„Charged off 0 Draftsoutsbnding Investment Income due and accrued 5990,960 Payable to parent subsWariesand affiliates $12,458,110 Uncollected prom ums and agents'balances In the course of collection $73,567,547 Derivatives 0 Deterred 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 recoverabte 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 $4,185,926 Other amounts receivable under reinsurance contracts 0 Total liabilities exdudng protected a6 liabilities $190,811,131 Amounts recsMb a relating to uninsured plans 0 Protected celf liabilities Current federal and foreign Income tax recoverable and interest thereon 0 Net deferred tax asset $5,530,837 Total liabilities $190,811,131 0 Guaranty funds receivable or on deposit Furniture and equipment,including health are delivery assets 0 POUCYNOLDCFWSSURPLUS Net ad)ushnent In assets and liabilities due to forcgn 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 aotal stock 5000000 Aggregate wrttrMs for other than Invested assets $7124,971 preferred capital stack Total assets excluding Separate Accounts,Segregated Accounts and Protected Cat $347,414,611 Aggregate write-'rrs for other than special surplus 0 Accounts From Separate Accounts.Segregated Accounts and Protected Cell Accounts D Surplus Notes TOTALS $347,414 lilt Gross paid In and contributed surplus $156,938,671 r- - Unassigned funds(surplus) ($5,335,190) Surp us as regards policyholders $156,603,491 TOTALS $347,414,611 SUUMBEDand awom to me this'y'fday of MN j!:Gi j ej ..''J lrty commissc n ergeres �•1 U NoaryPubllc CERTIFICATE r Printed Name RLYSSA TURKOVITZ Public,State of New York I certify that the above financial statements to the bests;/my Notary No,01 TU6044514 knowledge area true and accurate reflection of the nnanrlol ALy rS.ATURXOV T2 condition of the Company as of December 31,2014, r QuallfiGid In WestcITeS er Col rq Addklonally,I certify that the above financial statements are COMM"M I'yOr”JUlY 10,2018 in agreement with the Statutory Finandal Statements filed with ttm Taxa$ 3J04blir;Ststa of New York Department of Insurance as of the same date, - r No.O1TU6044514 WRliam,1Gleeson Qualified In Westchester County CFO.VP A-Leesurcr Commission Expires July 10,2014 SUBDIVISION LABOR AND MATERIAL BOND (GOVERNMENT CODE 66499.2) Bond No.SUR21000021 Replaces Bond No.SUR20000333 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: Monument subdivision improvements within Tract 16749 as defined within Amehdment#1 and Reinstatement of the Subdivision Improvement Agreement for Tract 16749 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 Five Hundred Dollars and 00/100 Dollars ($14.500.00 ) 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 (NOTARIZATION AND SEAL) Y• Its: v�ooc 'ti z ' V�rh r SURETY: Ironshore Indemnity Inc. - (NOTARIZATION AND SEAL) By: Margare Ginem , Attorney-in-Fact Surety Phone No. C/O WILLIS of FLORIDA 4211 W,BOYSCOUT BLVD,#1000 Page 2 of 3 TAMPA, FL 33607 rr1OUIRIES:(613)261-209x 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 Countv of � ) -&� � AI On before me, , - fl d-a VIA OW Date i tr Ins Na a and Title f 1he Officer personally appeared l 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 helshe/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 Z WITNESS my hand and official seal. -w Notary Public-California Orange County y My Comm.Expire 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 ❑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 mv official seal on the date in this certificate first above written. Signature Anett Cardinale p T C7 ANET1NALE "__ Commission#FF 138482 g Expires July 28,2018 4 •,°••` Bonded Thru Troy Fain Imunmce 800-395-Toto This area for Oficial Notarial Seal `Seftts.33M 110b, Wends:Sections 1:189 0l 1195. of.';hto. Gi 1.Inde tlu�d ecti i of-of'tf�6 GOWPIMAt,Code;relatin9�to ikomjires,p�3blic,.'Thi:t belpwi ys caI format of'tt e riev disclosure T,aticgisanexample; for-pwupg4gofillustratron: A h6taiy,p4blic of other dfffi�ef caitipiptiad th#s cettif bate verifies only the identity of the indivii.uai vyha signed the dQ!�umea.tq which s Certificate.is attached,and not-the trdthfidness, .acc���y oX validity cif"#h���o�u�lent< Sate.bf California. C.bunty.of Dia ..before tne, ete insert name andlitie ofoff[cerj,personally app cd Who pxolxe i tO gg on the basis o�sattisffSet&y.evidfs'nce to be tlie;p�zsriri(�)'v�hos�a�ame(s}�sf�}r6.pu*'b- to. `.tbe vV mn �hieaument.and: acknowledged -to me, that;heJshelthey executed the same in..l i=slherJtheir, autlto ?#f.opacity{tesj, d .khat.byislfer/t3�e '$i( ,fiatut:Q } tjzf..filie ittstrufitt alaersbn(S),.ter the -entity bpbh,.behalf ofwhiph the person('s}.acted, executed tl 6.zrtsmuabnt I;Geiky'iider ]'EIVAX,T Q>Y. PR1lJItY�irider to laws Af te.Stat of'�alwornia}b�t'tlze fagohi paragraph i's true and corrcO Wr NESS mybAnd aiid officio se sh; C)' Sigoafnre t POWER OF ATTORNEY Ironshore Indemnity Inc. III- 21000021 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-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. 191q _ By, Dan a L.Sus 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. wY lry, 1{'p/ l!V' AMY L TAYLOR _ Notary PuNlc-Slate of Tennessee t DavOwn County 4 . • ,� My Commission Expires 01-01-18 Amy L.To �.,4_ ..,,• .rC,� Notary PubMr 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 MaY20 15 "SCn1.+. p,m 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." IRONSNORE MDEMNITY INC FINANCIAL STATEMENT SUMMARY As of December 31;2014 ASSETS LIABIIITIES Bonds $179,140,947 LD6fa $63,582,066 Preferred stocks p Reinsurance payable on paid losses and loss adjustment expenses p Common stocks 31,840,141 Loss adjustment expenses $10,384,957 Mortgage loans on real estate:Arst lens 0 Commissions payable,contingent commissions and other similar charges $1,020,805 Mortgage loans on real estate,,Other than first Bens 0 Other expense(uadud ni;Saxe licenses and fees) $5,435,126 Properties occupied by the company 0 Taxes,genes 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 We 0 Net deferred tax liability 0 Cash.cash equivalents and short-termInvestments $15,632,951 Unearnedpremlums $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 forsecurides 0 Amounts wlththeldorretained bycompany for socountofothers Securities lending reinvested collateral assets A Remittances and items not allocated Aggregate write-Ins forinvested assets 0 Provision for reinsurance $1,545,075 Subtotals.cash and Invested assets $226,614,039 Net adjustment in assets and Labilltles due to foreign exchange rates Title plants less$--,Charged off 0 Drafts oubtandbhg Investment Income due and accrued $9K960 payable to parent,subsidiaries and af0liates $lzpsg,uo Uncollected pre ,urns and agents'balances In the course of collection $73,567,547 Derivative 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 recovers We from reinsurers $33.586,257 Liability for amounts held under uninsured plans p 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 call liabilities $190,811,131 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 Total liabilities $190,811,131 Guaranty funds receivable or on deposit D Furniture and equipment,including healthcare delivery assets 0 POUCY1*XDERYSSURPLUS Net adjustment In assets and liabilities due toforegnexchange rates 0 Aggregatewmte-Ins for special surplus funds 0 Receivables from parent,subsidiaries and affiliates 0 Health care and alheiamount%recelvabte 0 Common capital stock 5,000000 Aggregatew0te-Ins for other than Invested assets $7,124,971 Preferred capital stock Total assets excluding Separate Accounts,Segregated Accounts and Protected Cel, $347,414,611 Aggregate write;ns for other than special surplus p Accounts From Separate Account,Segregated Account and Protected Cell Account 0 Surplus Notes TOTALS _ $347,414611 Gross paid In and contributed surplus r $156,938,671 Unsaslgned funds tjurplusl, ($5,335,190) Surp in as regards policyholders $156,603,481 TOTALS $347,414,611 SUBSCR1REo and sworn to me thts'IL'day of Mycomrnlis,-n expires.: 7-/a--/S ���.s, _/ •'*�_ _ NopryPublic cERT1FICATE r f Pri,ted Name ALYSSA TURKOVITZ Public,Slate of New York I certifythat the abovefinancial statement to the best of my Notchy No.O����'4 knowledge are a true and accurate reflection of the Ana clall ALYSSA TU RKOVar condition of the Company as of December 31,2014. ' , ! Ouslifted In Westchester County Additionally,l certify that the above financial statements are ti. .? Ifi,44t1 xr-',.-i- Commission Expires 10,2018 In agreement with the Statutory Financlal Statement filed with the Taxis Nolac 1,ubllc,Stile of New Yogis Department of insurance as of the same date, e No.OITUGM514 will am J 6leason Qualified In Westchester County !"ffl.VPATrMVIEL Commission Expires July 10,2014