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MERCHANTS <br />BONDING COMPANY,M <br />POWER OF ATTORNEY <br />Know All Persons By These Presents, that MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, <br />INC., both being corporations duly organized under the laws of the State of Iowa (herein collectively called the "Companies"), <br />and that the Companies do hereby make, constitute and appoint, individually, <br />James Baldassare Jr; Lawrence F McMahon <br />of San Diego and State of California their true and lawful Attorney -in -Fact, with full power <br />and authority hereby conferred in their name, place and stead, to sign, execute, acknowledge and deliver in their behalf as surety <br />any and all bonds, undertakings, recognizances or other written obligations in the nature thereof, subject to the limitation that any <br />such instrument shall not exceed the amount of: <br />TWO MILLION ($2,000,000.00) DOLLARS <br />and to bind the Companies thereby as fully and to the same extent as if such bond or undertaking was signed by the duly <br />authorized officers of the Companies, and all the acts of said Attorney -in -Fact, pursuant to the authority herein given, are <br />hereby ratified and confirmed. <br />This Power -of -Attorney is made and executed pursuant to and by authority of the following By -Laws adopted by the Board of <br />Directors of the Merchants Bonding Company (Mutual) on April 23, 2011 and adopted by the Board of Directors of Merchants National <br />Bonding, Inc., on October 24, 2011. <br />"The President, Secretary, Treasurer, or any Assistant Treasurer or any Assistant Secretary or any Vice President shall have <br />power and authority to appoint Attorneys -in -Fact, and to authorize them to execute on behalf of the Company, and attach the <br />seal of the Company thereto, bonds and undertakings, recognizances, contracts of indemnity and other writings obligatory in <br />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 <br />any Power of Attorney or Certification thereof authorizing the execution and delivery of any bond, undertaking, recognizance, <br />or other suretyship obligations of the Company, and such signature and seal when so used shall have the same force and <br />effect as though manually fixed." <br />In Witness Whereof, the Companies have caused this instrument to be signed and sealed this 13lhday of August , 2014 . <br />STATE OF IOWA <br />COUNTY OF POLK as. <br />\NG COgjo <br />00��(\POg9�gy� e <br />e y, 1933 ;•y <br />MERCHANTS BONDING COMPANY (MUTUAL) <br />MERCHANTS NATIONAL BONDING, INC. <br />8y <br />(/ President <br />On this 13thday of August , 2014, before me appeared Larry Taylor, to me personally known, who being by me duly sworn did <br />say that he is President of the MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, INC.; and <br />that the seals affixed to the foregoing instrument is the Corporate Seals of the Companies; and that the said instrument was signed and <br />sealed in behalf of the Companies by authority of their respective Boards of Directors. <br />In Testimony Whereof, I have hereunto set my hand and affixed my Official Seal at the City of Des Moines, Iowa, the day and year <br />first above written. <br />P"4 WENDY WOODY <br />z .ao v <br />Commission Number 7846540 <br />Pres <br />My Commission Expires <br />o P June 20, 2017 <br />Notary Public, Polk County, Iowa <br />STATE OF IOWA <br />COUNTY OF POLK ss. <br />I, William Warner, Jr., Secretary of the MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, INC., <br />do hereby certify that the above and foregoing is a true and correct copy of the POWER-OF-ATTORNEY executed by said Companies, <br />which is still 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 <br />this 21st dayof April , 2016 <br />....... oil -• - �'- <br />POA 0014 (7/14) <br />`o1G <br />-o- of <br />1933 <br />•ao:' <br />eau <br />.. ..nep\�•• <br />e <br />Secretary <br />