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intact surety <br />INSURANCE I ATLANTIC SPECIALTY INSURANCE COMPANY <br />May 10, 2023 <br />Mapes Insurance Agency <br />2032 Lake Michigan Dr NW <br />Grand Rapids, Michigan 49504 <br />Re: D.C. Byers Inc — Surety Capacity <br />To Whom It May Concern, <br />We are pleased to share with you our experience as surety for D.C. Byers Inc. We consider <br />D.C. Byers Inc one of our outstanding and most valued clients in whom we have the highest <br />confidence. Through the years this company has, in our opinion, remained properly financed, <br />well equipped and capably managed. <br />Atlantic Specialty Insurance Company is currently providing contract bonds for D.C. Byers Inc <br />and provides a working line of $5,000,000 single job with a total work program of <br />$10,000,000. This, however, is not considered their maximum bonding capacity. Accordingly, <br />we would anticipate no difficulty in providing the customary performance and payment bond <br />on behalf of D.C. Byers Inc , if they are awarded a contract within those parameters. <br />Atlantic Specialty Insurance Company has a A+ AM Best Rating and $78,969,000 US <br />Treasury Listing. <br />D.C. Byers current open capacity is $9,500,000. D.C. Byers rate structure is a diminishing <br />rate starting at 0.9%. <br />Please note that the decision to issue performance and payment bonds is a matter between <br />D.C. Byers Inc and Atlantic Specialty Insurance Company, and will be subject to the standard <br />underwriting practices and policies in effect at the time of the final bond request, which will <br />include but not be limited to the acceptability of the contract documents, bond forms and <br />financing. We assume no liability to third parties or to you if for any reason we do not execute <br />said bonds. <br />Sincerely, <br />C --, �3/ L6 S <br />Edward DeVries <br />Regional Branch Manager, Intact Surety <br />605 North Highway 169, Suite 800 <br />Plymouth, MN 55441 <br />intactspecialty.com/surety <br />