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15-0505_Bond_SUR21000022_Pacific Point Dev_TR 16752 Premium: $7,120.00 SUBDIVISION FAITHFUL PERFORMANCE BOND (GOVERNMENT CODE 66499.2) Bond No. SUR21000022 Replaces Bond No. SUR20000347 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 16752 as defined within Amendment#1 and Reinstatement of the Subdivision improvement A reement for Tract 16752 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 Nine Hundred Forty Nine Thousand Three Hundred One Dollars and 00/100 Dollars, ($049,301.00 ) 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) Its: � ar`.2 •t1t r�tAk SURETY: Ironshore Indemnity Inc. (NOTARIZATION AND SEAL) By: . �� Margaret X Ginem , Attorney-in-Fact Surety Phone No. ;10 WILLIS OF FLORIDA -,211 W BOY SCOUT BLVD,#1000 TAMPA. FL 33607 INQUIRIES:(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 California ) Coun of ) On before me, ate � Here)aert Name and Title oft 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.CORDI Commission#2088325 WITNESS my hand and official seal. Z Notary Public-California z Z Orange County a My 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): _ rt ❑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: A 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""'•, ANETT CARDINALE : n4 FF 138482208Exres July 28, 9wdnd 7W TFOV in Imurern eaoabr7ats This area for Oficial Notarial Seal . -Sensate:Bill 10 0, ari=Os :Sectioris.1:189 Vii- t 195'o�t}ic:evil CO&i.'and geCtigki $ QZ of`tye QbVexpftAt.Code yejatzng to nobles.p Abli,'n6. pt.ysical format of tho.Ijew cii�closure toificE is an exwplL-,for pur g es o illustra#iia: hD,taty,p�bPic or`ci#her�ce�r coii►pl�etin# eerfifcat.6verifxes.onlytlhe identity cif the individual who sib ne$the dogprucrit,to wh eh:"'. .certificate.is atfachedr and not the truthUnessi Arcoraoy,of yaliwity of tW,d0oument. 8thb California. County.of Qrt ..._ . :before tate, . e'er irnsert name and title cif offtcer�,personally appeared vPub�: eoupd t}ttlo on t#re basis oi'satisfaotocy.evgdezice to l�'e'tbe.fiexs4ri�'s).dose narrie(s) sl sit.l�scri6e :#s %e.withiui -instr ment and acknowledged to tne,'thatl helshelthey executed the same 'in his/berltheir. attlltOri, Opacity eA.Ofid-#fit iiy �WfiWt.hek `sigttaturt(s) On the iii'strofaOt $0 porson(s),; of the �-.At ty tipvat behalf of which-ttie per"soti(s)ached .e,kecuted the.ins ent, I;Ccittly'u;�der PENAL, (�? P IkY t fid' r the laws of tlie.Stag of Galt#"bri�ia Litt the fare paragraph is true and correr-f- WITNESS my hAnd and offiai d,sea!', �igFature . �S.�l). POWER OF ATTORNEY Ironshore Indemnity Inc. III- 21000022 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 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 Attomey-in-Fact to execute on behalf of the Company any bonds,undertakings,policies,contracts of indemnity or other writings obligatory in nature of a hand not to exceed$7,500,000 dollars, which the Company might execute through its duty elected otticers, 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. .9A�¢P ovale is tale By: Dane 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. NotaryPublic-AMYLSlTaAYLORte of Tennessee '• 'M' Davieson county JyT8-,a +r'',; w#•'`�y Notary Public 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 d4 efA[. ISM Paul s.ai dam r 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 stacks p Reinsurance payable on paid losses and lou ad)ushnent expenses Common stacks 0 31,840,141 loss adjustment expenses $10,384,957 Mortgage loans on real estate:Nrst lens 0 Commissions payable,contingent commissions and other similar charges $1,020,805 Mortgage loans on real estate,Other than first liens 0 Other expenses(excOAng taxes.licenses and fees) $5,435,126 Properties occupied by the company 0 Taxes,Ncenses and fees(excluding federal and foreign income taxes) $2,383,909 Properties held for the production of I noome 0 Current federal and foreign income taxes $2,430,392 Properties held for We 0 Not deferred tax liability O Cash,cash equivalents and short-term investments $15,632,9S3 Unearned premlumt $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 withheld orretalnedbycompanyforaccount ofothen Securities lending reinvested collateral assets 0 Remittances and items not allocated Aggregate wrlteans forMvested assets 0 Provision forrelnsurance $1,545,075 Subtotals.cash and Invested assets $226,614,039 t4et adjustments In assets and Labiiltles due to foreign exchange rates Title plants less$._Charged off 0 Drafts outstanding Investment Income due and Accrued $990,960 Payable toparent subsidiaries and affiliata $12,458,110 Uncollected preemumsand asents'balancesinthe course ofcollection $73,567,547 Derivatives rJ Deferred premlums,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 recoverabfefrom reinsurers $33,581,257 Liability for amounts held under uninsured plans p Furls held by or deposited with reinsured companies 0 Aggregate write-lax for liabilities $4,185,929 Other amounts receivable under reinsurance contracts 0 Total liabilities excluding protected cel liabilities $190,811,131 Amounts rece'hvat: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 Totallabilitles $190,811,131 Guaranty funds receivable or on deposit 0 Furniture and equipment,including health are delivery assets 0 POUCYHOLDERSS 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 care and other amounts receivable 0 Common capital stock 5 000 000 Aggregate write-ins for other than Invested assets $7,124,971 Preferred capital stock Total assets excluding Separate Accounts,Segregated $347,414,611 Aggregate writezmforotherthan special surplus 0 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 funds ti urplus) ($5,335,190) Suri:us as regi rds pollcyho liters $156,603,481 TOTALS $347,414,611 SUBSCRIBED and sworn tame tMsyrday of MN y,. .'_�r s S �} r+lycommis—expires 7 /U—/�r F� NotaryPubllc cERTIFtCATE Printed Name ALYSSA TURKQVIIZ I certify that the above financial statements to the bestaf my NotPublic,State of New York knowledge area true and accurate reflection of the financial ALYSSATURKOVFTZ NO.01TU6044514 condition of the Company as of December 91,2014, Qualified In Westchester CoUnty Additionally,I certify that the above financial statements am i M i,y{Jt��s!tom ,/s4 f yr ComnVesi n Expires July 10,,2016. In agreement with the Statutory Financial Statements filed with the Texas Nots'XblIG State of New Department of Insurance as of the same date, No.01TU6044514 William 1 Gleason 12uanfled In Westchester County SFO,4P lf,Tfo09 21 L Commission Expires July 10,2014 SUBDIVISION LABOR AND MATERIAL BOND (GOVERNMENT CODE 66499.2) Bond No. SUR21000022 Replaces Bond No. SUR20000347 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: Landscape subdivision improvements within Tract 16752 as defined within Amendment#1 and Reinstatement of the Subdivision Improvement Aareement for Tract 16752 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 Nine Hundred Forty Nine Thousand Three Hundred One Dollars and 00/100 Dollars ($949.301.00 ) 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) By: Its: �,� SURETY: Ironshore Indemnity Inc. f (NOTARIZATION AND SEAL) By: Margaret . Ginem , Attorney-in-Fact G'/Q WILLIS OF FLORIDA Surety Phone No. 47.11 W BOY SCOUT BLVD,#1000 TAMPA, FL 33607 WOUIRIES:(813)251-2095 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 California ) County of ) On before ateI' (" H'SInsert me nd TRI of th cer personally appeared 1i%Oil 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/shelthey 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. CORDI Commission #2088325 WITNESS my hand and official seal. Notary Public-California D Orange County M 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. i 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: ©2014 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 affixed my official seal on the date in this certificate first above written. Signature Anett Cardinale essay'•,, ANETT CARDINALE Commission#FF 138482 a Expires July 28,2018 Bonded Thiu Troy Fain Ineumm 800.306.7018 This area for Oficial Notarial Seal -$euato-NIT 105.0; hmerid's-gectipng :x:18 aIna 119-5- ie 01VA-Code Ud geCt on 8--202 of the.- At heat of tie riew disclosure �vtice;zsan exarn�le, �'or phases of'aTlusEra.#�rs�a: A Piot public or other affrcef coihpl ing tl�'s:. cerfificate uetif es.only the identity afthe individual who;sided.the dog umpot.tu whi&t�WA .certificate,is atta6hed,and nofthe trx thfulnessi ApUamty;o;validity Oftk t�: at�uniext -Stafe afCalifo_rinia County of oil before rite, {Tieice •ihsert name and title of'offtcerj,personally appeareo who •grovel tO jxXq w)•the basis,of-satisfaetory evidence to fro tab. exs06(s)W ose harne;w islare.stili erjbedt�i. alae-vOtiri--inMrtrrrtent and acknowledged to mer that:helshelfhey executed the.same in His/her/their, 4uthwjgd .oapa4iXi`es), epd that.by liisll er/theiir'Slo isr,) 'Qin. 64 'Instruiaobt #'he tArson(s),•of the erttity'ti t.behalf ofwhicTi`t6e perse�(s�acted,execnted.th&Instnmaent T,,chit iy under PENiAi.`I° 'Qt? P)EA RX under tine laves '4f f�te_ tat of Galitfbriiia stat the i Q egoua .paragraph is true and',correct W N NESS<iiiy hAnd abA.o'fi'ciak seal, t lg atute (Sea])- POWER OF ATTORNEY Ironshore Indemnity Inc. III- 21000022 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 bands,undertakings,policies,contracts of indemnity or other writings obligatory in nature of a bond not to exceed$7,500,000 dollars,which the Cailipdisy 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. SEN. 1H15 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. y1+�ldYit,,, V- R1dV L TAYLOR Nolary Publlc-Slate of Tennessee DevlEson CaiinP) �, ,••a ,• ACyComni'1LWnFtiPo-eaDI99-19 FmyLToy Notary PuWlc 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 May 20 15 54�B 1 Paul S.Gt 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." IRONSHORE iHDEMNITY INC FINANCIAL STATEMENT SUMMARY As of December 31,2014 ASSETS LIABILITIES Bonds $179,140,947 ossa $63,582,066 Preferred stocks 0 Reinsurance payable on paid lasses and lou sdgustment expenses 0 Common storks 31,840,141 toss adjustment J expenses $10,384,957 Mortgage loans on real estate;l-irst lens 0 Commissions payable,contingent commissions and other similar charges $1,020,805 Mortgage loans on red estate;Other than first liens 0 Other expenses(excluding taxes.licenses and fees) $5,435,126 Properties occupied by the company 0 Taxes„fi enses and fees(exdudmg federal and foreign Income taxes) $2,383,909 Properties held for the production of income 0 Current federal and foreign Income taxes $2,434,382 Properties held for We 0 Net deferred tax liabi ty 0 Cash,rash equivalents and short-term investments $15,632,951 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 relnsurancetreatles 0 Receivables for securities 0 Amounts withheld or retained by company for account of others Securities tending reinvested collatera;assets 0 Remittances and items not allocated Aggregate wrlte-Ins forinvested assets 0 Provision for reinsurance $1,545,075 Subtotals.cash and Invested assets $226,614,039 Net adjustments In assets and liabilities due to foreign exchange rates Thie plants less$_Charged off 0 Draftsoutstanding Investment Income due and accrued $994960 Payable to parent,subsidiaries and affiliates $12,456,110 Uncollected premiums 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 or securities yet due f0 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 Wath reinsured companies 0 Aggregate write-Ira for liabilities $4,165,928 Other amounts receivable under reinsurance contracts 0 Total Sablllties excluding protected cell liabilities $190,811,131 Amounts receivab a 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 Nablitles $190,811,131 Guaranty funds receivable or on deposit 0 Furniture and equipment,including health are delivery assets 0 POLtCMMDHRYS SURPLUS Net adjustment in assets and liabilities due to foregn exchange rates 0 Aggregate wntrins for special surplus funds 0 Receivables from parent,subsidlaries and aNlllates 0 Health are and other amounts receivable 0 Common ap<tal stock S 000 000 Aggregate write-Ins for ether than Invested assets $7,124,971 Preferred capital stock Total assets excluding Separate Accounts,Segregated Accounts and Protected Cd' $347,414,611 Aggregate write mfarotherthanspecWlsurplus Accounts 0 From Separate Accounts.Segregated Accounts and Protected Cell Accounts 0 Surplus Notes TOTALS _ $M7.414,611 Gross paid In and contabuted surplus $156,938,671 Unassigned fundsJsurplus) ($5,335,190) Surp un as regards policyholders $156,603,481 TOTALS �..� $347A14,611 SUBSCRiBEO and sworn to me tFrFsrday of r /1r My comrrd3scn expires- 7-/t)-/T/cl_/T Notarypubllc CERTIFICATE .�.s Printed Name ALYSSA TURKOVITZ 1 certify that the above financial statements to the bestof my Notary Public,State of New York knowledge are a true and accurate reflection of the financial ALYSSATURKOVrFZ No.01TU6044514 condition of the Company us al December 31,2024, ©uallfled In Westchester.County Addltlonally,I cert ft,that the above financial statements are �,. �ITTCIIfi+$AC1(1 ICQEl July 1('x,201$ In agreement with the Statutory Financial Statements fried with the Texa; Notao�lPtrblic,State of New York Department of Insurance as of the same date. - e- No.01YU6044514 wollam 1 Gleason Quarifled In Westchester County M-yakimu=L Coremissfon Expires July 10,2014