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MERCHANTS
<br />BONDING COMPANY.
<br />POWER OF ATTORNEY
<br />Know All Persons By These Presents, that MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, INC..
<br />both being corporations of the State of Iowa, dlbla Merchants National Indemnity Company (in California only} (herein collectively called the
<br />"Companies') do hereby make, constilule and appoint, individually,
<br />Bayley Rewa-Snider; Beth Walker; Dan Cusenza; Dennis E Scully; Heather Buonodonn, Janice L Stickles. Lori A King Clyde; Quinn Deyer,
<br />Shannon Nyhuis
<br />their true and lawful Attorneys) -in -Fact, to sign its name as surely(ies) and to execute seal and acknowledge any and all bonds, undertakings.
<br />contracts and other written instruments in the nature thereof, on behalf of the Companies in their business of guaranteeing the fidelity of
<br />persons, guaranteeing the performance of contracts and executing or guaranteeing bonds and undertakings required or permitted in any actions
<br />or proceedings allowed by law.
<br />This Power -of -Attorney is granted and is signed and sealed by facsimile under and by authority of the following By -Laws adopted by the Board of
<br />Directors of Merchants Bonding Company (Mutual) on April 23. 2011 and amended August 14, 2015 and April 27. 2024 and adopted by the Board of
<br />Directors of Merchants National Bonding, Inc_ on October 16, 2015 and amended on April 27, 2024.
<br />"The President, Secretary, Treasurer, or any Assistant Treasurer or any Assistant Secretary o: any Vice President shall have power and
<br />authority to appoint Attorneys -in -Fact, and to authorize them to execute on behalf of the Company, and attach the seal of the Company thereto,
<br />bonds and undertakings, recognizances, contracts of indemnity and other writings obligatory in the nature thereof."
<br />'The signature of any authorized officer and the seal of the Company may be affixed by facsimile or electronic transmission to any Power of Attorney
<br />or Certification thereof authorizing the execution and delivery of any bond, undertaking. recognizance, or other suretyship obligations of the
<br />Company, and such signature and seal when so used shall have the same farce and effect as though manually fixed."
<br />In connection with obligations in favor of the Florida Department of Transportation only, it is agreed that the power and out hority hereby given to the
<br />Attorney -in -Fact includes any and all consents for the release of retained percentages and/or final estimates on engineering and construction
<br />contracts required by the State of Florida Department of Transportation. It is fully understood that consenting to the Stale of Florida Department
<br />of Transportation making payment of the final estimate to the Contractor and/or its assignee, shall not relieve this surely company of any of
<br />its obligations under its bond.
<br />In connection with obligations in favor of the Kentucky Department of Highways only, it is agreed that the power and authority hereby given
<br />to the Attorney -in -Fact cannot be modified or revoked unless prior written personal notice of such intent has been given to the Commissioner -
<br />Department of Highways of the Commonwealth of Kentucky at least thirty (30) days prior to the modification or revocation.
<br />In Witness Whereof, the Companies have caused this instrument to be signed and sealed this 21st day of November 2024
<br />" IONq� 0.N4 -' MERCHANTS BONDING COMPANY (MUTUAL)
<br />P�,•'• 4,�G Cork-.. � MERCHANTS NATIONAL BONDING, INC.
<br />O.• = : R ,-, A : dlbia MERCHANTS NATIONAL INDEMNITY COMPANY
<br />�2!r _o- 0':fl: �r�:�' o- Q
<br />: � ~ 2003 � � 1933 By
<br />President
<br />STATE OF IOWA • .•V? ¢7 `����• ......
<br />��a•!
<br />COUNTY OF DALLAS ss.
<br />On this 21sl day of November 2024 before me appeared Larry Taylor, to me personally known, who being by me duly sworn
<br />did say that he is President of MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, INC.; and that the
<br />seals affixed to the foregoing instrument are the Corporate Seals of the Companies; and that the said instrument was signed and sealed in behalf
<br />of the Companies by authority of their respective Boards of Directors.
<br />A3
<br />9�tA40 Penni Miller
<br />Commission Number 787952 ~
<br />• is My Commission Expires
<br />FpWP January 20, 2027 Notary Public
<br />(Expiration of notary's commission does not invalidate this instrument)
<br />1, Elisabeth Sandersfeld, Secretary of MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, INC., do
<br />hereby certify that the above and foregoing is a true and correct copy of the POVVER-OF-ATTORNEY executed by said Companies,which is still
<br />in full farce and effect and has not been amended or revoked
<br />In Witness Whereof, I have hereunto set my hand and affixed the seal of the Companies on this 27 day of August , 2025
<br />•'`'(;ii�tq ,.•(.�N Cod".
<br />q:. o•: • �.-moo A9 y'• /lj
<br />1433 b �; Secretary
<br />lk
<br />POA0018 (6124) ''�'•,�......
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