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.MIERCHANT�
<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, d/b/a Merchants National Indemnity Company (in California only) (herein collectively called the
<br />"Companies") do hereby make, constitute and appoint, individually,
<br />Anthony Robert Baumgartner; Brenda Johnston; Cindy Stellhorn; Cynthia L Jenkins; Edward L Mournighan; Elexis B Richards; Emily Daughhetee;
<br />Ginger J Krahn; Michael H Bill; Michael M Bill; Mike Marsella; Sheree Hsieh
<br />their true and lawful Attorney(s)-in-Fact, to sign its name as surety(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 or 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 force 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 aut 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 State of Florida Department
<br />of Transportation making payment of the final estimate to the Contractor and/or its assignee, shall not relieve this surety 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 29th day of July 2024
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<br />MERCHANTS BONDING COMPANY (MUTUAL)
<br />DEipO/Q,4 e0
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<br />MERCHANTS NATIONAL BONDING, INC.
<br />d/b/a MERCHANTS NATIONAL INDEMNITY COMPANY
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<br />1933 c;
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<br />003 .
<br />By
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<br />President
<br />STATE OF IOWA '•.,� ���.•` .. , * • • . •
<br />COUNTY OF DALLAS ss. """'
<br />On this 29th day of July 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 />/•p'RIA<S'tn Penni Miller '
<br />z P- Commission Number 787952 Y
<br />• • My Commission Expires
<br />1OWA January 20, 2027
<br />Notary Public
<br />(Expiration of notary's commission does not invalidate this instrument)
<br />I, 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 POWER -OF -ATTORNEY executed by said Companies, which is still
<br />in full force 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 13th day of May, 2025
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<br />1933 cam- Secretary
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<br />v : 2003
<br />44,
<br />03
<br />POA 0018 (6/24) "'""'���' ••' ••
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