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- <br />0 d;U." t1'a._11 i /""6`'.,1 <br />October 10, 2018 <br />RE: Precision Wall Systems, Inc. <br />To Whom It May Concern: <br />It is our understanding that you have requested a surety reference letter from Precision <br />Wall Systems, Inc. First, we would Iike to provide you background information about <br />us. Merchants Bonding Company (Mutual)'s hating provided by A M. Best is a <br />Financial Strength Rating of A and a Financial Size Category of Class VIL <br />We have been providing surety bonds for Precision Wall Systems, Inc. since. 2015. We <br />have approved bonds for there covering jogs up to $15,000,000 and potential work <br />programs of $30,000,000 with larger projects and programs considered on'a case -by - <br />case basis. <br />We continue to be confident in Precision Wall Systems'Inc.'s ability to perform and we <br />I <br />recommend them for your favorable consideration. <br />This letter is not to be construed as an agreement to rovide surety bonds for an <br />particular project, but is offered as an indication of our past experience and confidence <br />in this firm. Any specific request for bonds will be underwritten on its own merits. <br />® <br />Q <br />Sincerely, <br />ERCHANTS BONDING COMPANY (MUTUAL) <br />\Y W {Y.('r1I1&i111I118.[Unl <br />i� <br />e le L. Bicknell <br />t (aavy ala-zlzz <br />ttorney in Fact <br />I (nav) aas-zlzz <br />South Bend, IN <br />Plymouth, IN <br />Indlanahnlis, IN <br />Fort Wayne, IN <br />Elkhart, l <br />Kalamazoo, full <br />