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CalAtlantic Group, Inc. Faithful Performance Bond TR34406-6 SU1149775 0i M Community Development Department FAITHFUL PERFORMANCE BOND FOR LANDSCAPE IMPROVEMENT AGREEMENT CITY OF MENIFEE, STATE OF CALIFORNIA (Government Code Section 66499.1) Bond No. SU1149775 Premium: $13,985.00/annum FOR LANDSCAPE: Heritage Lake, PA 39B 1-Year Maintenance $4,661,601.00 Tract/Parcel Map TR 34406-6 Other Project No. Total $ 4,661,601.00 Bond No. SU1149775 Surety Arch Insurance Company Principal CalAtlantic Group, Inc. Address 300 Plaza Three, 3rd Floor Address 980 Montecito Drive #300 City/State Jersey City, NJ City/State Corona, CA Zip code 07311 Zip 92879 Phone (212) 651-6500 Phone 951-817-3567 WHEREAS, the City of Menifee, State of California, and, CalAtlantic Group, Inc. (hereinafter designated as "principal") have entered into, or are about to enter into, the attached agreement(s) whereby principal agrees to install and complete the above designated landscape project, related to (Tract/Parcel) 34406-6 , which agreement(s) is/are hereby referred to and made a part hereof; and, WHEREAS, said principal is required under the terms of said agreement(s) to furnish bond(s) for the faithful performance of said agreement(s); NOW, THEREFORE, we the principal and Arch Insurance Company , as surety, are held and firmly bound unto the City of Menifee in the penal sum of Four Million Six Hundred and Sixty-One Thousand Six Hundred and One Dollars and Zero Cents ($4,661,601 00) lawful money of the United States, for the payment of which sum will and truly be made, we bind ourselves, our heirs, successors, executors and administrators, jointly and severally, firmly by these presents. The condition of this obligation is such that if the above bonded principal, his or its heirs, executors, administrators, successors or assigns, shall in all things stand to and abide by, and well and truly keep and perform the covenants, conditions and provisions in the said agreement and any alteration thereof made as therein provided, on his or their part, to be kept and performed at the time and in the manner therein specified, and in all respects according to their true intent and meaning, and shall indemnify and save harmless the City of Menifee, its officers, agents and employees, as therein stipulated, then this obligation shall become null and void; otherwise, it shall remain in full force and effect. As a part of the obligation secured hereby and in addition to the face amount specified therefore, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by the City in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. ENE.. FAITHFUL PERFORMANCE BOND FOR LANDSCAPE IMPROVEMENT AGREEMENT The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of this agreement or to the work to be performed there under or the specifications accompanying the same shall in anywise affect its obligation on this bond, and it does hereby waive notice of any such change, extension of time, alteration or addition. Surety further stipulates and agrees that the provisions of Section 2845 of the Civil Code and commencement of construction are not conditions precedent to surety's obligations hereunder and are hereby waived-by surety. IN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety above named, on April 6, , 2018 NAME OF PRINCIPAL: CalAtlantic Group, Inc., a Delaware corporation AUTHORIZED SIGNATURE(S): By: � Nam : ),A" amU kS Title: AltA�W(Q (IF CORPORATION, AFFIX SEAL) NAME OF SURETY: Arch Insurance Com an AUTHORIZED SIGNATURE: 1JMechelle Larkin Its Attorney-in-Fact Title (IF CORPORATION, AFFIX SEAL) ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND ATTORNEY-IN-FACT. CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California ) County of Orange ) On APR 0 6 20118 before me, Kathy R. Mair, Notary Public DATE [Name of Notary Public and Title"Notary Public"] personally appeared Mechelle Larkin - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - [Name(s)of Signer(s)] who proved to me on the basis of satisfactory evidence to be the person(O whose nameW is/a-re subscribed to the within instrument and acknowledged to me that he/she/they executed the same in h+s/her/the# authorized capacity4es4, and that by h+s/her/##et-r signature{-} on the instrument the person{}, or the entity upon behalf of which the person{-s-} acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. KATHY R. MAIR Notary Public-California Z .'�+ Orange County Z Na� Z ' Commission # 2193966My Comm Expires May 22.2021 — Signature of Nota)]6 Public Place Notary Seal Above ---------------------------------------------- OPTIONAL --------------------------------------------- Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Document Title or Type of Document: Document Date: Number of Pages: Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer(s) Signer's Name: Mechelle Larkin Signer's Name: ❑ Corporate Officer—Title(s): ❑ Corporate Officer—Title(s): ❑ Partner— ❑ Limited ❑ General ❑ Partner— ❑ Limited ❑ General ❑ Individual ® Attorney-in-Fact ❑ Individual ❑ Trustee ❑ Attorney-in-Fact ❑ Guardian or Conservator ❑ Trustee ❑ Guardian or Conservator ❑ Other: ❑ Other: Signer Is Representing: Signer is Representing: CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE§ 1189 A notary public or other officer completing this certificate verifies only the identity ofthe individual who signed the document to which this certificate is attached,and not the truthfulness,accuracy,or validity of that document. State of California ,/ 1 County of 201E ")a 6 �l On before me, Date Nwws Here Insert Name nd Title of t e Officer personally appeared ame(s)of Signer(s) who proved to me on the basis of satisfactory evidence to be the person]whose name is/afk subscribed to the within instrument and acknowledged to me that he/sl6/they executed the same in his/hV/tlkir authorized capacity(iiX), and that by his/hef/their signature) on the instrument the person(; or the entity upon behalf of which the person acted, executed the instrument. I certify under PENALTY OF PERJURY under the ��,:°� JODIEATHA laws of the State of California that the foregoing Notary Public-California = = paragraph is true and correct. Z ��.• = Riverside County D commission#2230896 "� My Comm.Expires Feb 11,2022 WITNESS my hand and official seal. r�ib, Signature rjk&, Place Notary Seal and/or Stamp Above "19ture of Notary Public OPTIONAL Completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Document Title or Type of Document: Document Date: Number of Pages: Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer(s) Signer's Name: Signer's Name: ❑ Corporate Officer—Title(s): ❑ Corporate Officer— Title(s): ❑ Partner— ❑ Limited ❑ General ❑ Partner— ❑ Limited ❑ General ❑ Individual ❑ Attorney in Fact ❑ Individual ❑ Attorney in Fact ❑ Trustee ❑ Guardian of Conservator ❑ Trustee ❑ Guardian of Conservator ❑ Other: ❑ Other: Signer is Representing: Signer is Representing: ©2017 National Notary Association AIC 0000236702 -- THIS POWER OF ATTORNEY IS NOT VALID UNLESS IT IS PRINTED-ON BLUE BACKGROUND. This Power of Attorney limits the acts of those named herein, and they have no authority to Bind the Company except in the manner and to the extent herein stated. Not valid for Note, Loan, Letter of Credit, Currency Rate, Interest Rate or Residential Value Guarantees. =--POWER OF ATTORNEY Know All Persons By These Presents: That the Arch Insurance Company, a corporation organized and existing under the laws of the State of Missouri, having its principal -administrative office in Jersey City, New Jersey(hereinafter referred to as the"Company")does-hereby appoint: Kathy R.Mair and Mechelle Larkin of Irvine, CA(EACH) its true and lawful Attorney(s)in-Fact,to make, execute,seal,and deliver from the date of issuance of this power for and on its behalf as surety,and as its act and deed: Any and all bonds, undertakings, recognizances and other surety obligations, in the penal sum not exceeding Ninety Million Dollars($90,000,000.00). This authority does not permit the same obligation to be split into two or more bonds In order to bring each such bond within the dollar limit of authority as set forth herein. The execution of such bonds, undertakings, recognizances and other surety obligations in pursuance of these presents shall be as binding upon the said Company as fully and amply to all intents and purposes, as if the same had been duly executed and acknowledged by its regularly elected officers at its principal administrative office in Jersey City, New Jersey. This Power of Attorney is executed by authority of resolutions adopted by unanimous consent of the Board of Directors of the Company on September 15, 2011, true and accurate copies of which are hereinafter set forth and are hereby certified to by the undersigned Secretary as being in full force and effect: "VOTED, That the Chairman of the Board, the President, or the Executive Vice President, or any Senior Vice President, of the Surety Business Division, or their appointees designated in writing and filed with the Secretary, or the Secretary shall have the power and authority to appoint agents and attorneys-in-fact, and to authorize them subject to the limitations set forth in their respective powers of attorney,to execute on behalf of the Company, and attach the seal of the Company thereto, bonds, undertakings, recognizances and other surety obligations obligatory in the nature thereof, and any such officers of the Company may appoint agents for acceptance of process." This Power of Attorney is signed, sealed and certified by facsimile under and by authority of the following resolution adopted by the unanimous consent of the Board of Directors of the Company on September 15,2011: VOTED,That the signature of the Chairman of the Board,the President, or the Executive Vice President,or any Senior Vice President, of the Surety Business Division, or their appointees designated in writing and filed with the Secretary, and the signature of the Secretary, the seal of the Company, and certifications by the Secretary, may be affixed by facsimile on any power of attorney or bond executed pursuant to the resolution adopted by the Board of Directors on September 15, 2011, and any such power so executed, sealed and certified with respect to any bond or undertaking to which it is attached, shall continue to be valid and binding upon the Company. 0.OML0013 00703-03 = Page 1 of 2 Printed in U.S.A. - WRITTEN CONSENT TO ACTION BY SOLE SHAREHOLDER OF CALATLANTIC GROUP, INC. FEBRUARY 14,2018 The undersigned, being the sole shareholder of CalAtlantic Group,Inc., a Delaware corporation (the"Corporation'), does hereby waive any and all requirements for notice of the time,place and purpose of a special meeting of the members of the Corporation and does hereby agree and consent to the adoption of, and does hereby adopt,the following preamble,resolutions and the actions specified therein: RESOLVED,that the following individuals be, and they hereby are,elected to the respective offices set forth opposite their names: Name Position Frank Walker Vice President Mark Torres Vice President Greg McGruff Vice President Jeffery Cox Authorized Agent—Homebuilding/Sales Operations Ashley Reutter Authorized Agent—Homebuilding/Sales Operations Brian Schroeder Authorized Agent—Homebuilding/Sales Operations Adam Coates Authorized Agent—Homebuilding/Sales Operations Jeffrey Clemens Authorized Agent—Homebuilding/Sales Operations Geoff Smith Authorized Agent—Homebuilding/Sales Operations Christine Taylor Authorized Agent—Homebuilding/Sales Operations Rebecca Decker Authorized Agent—Homebuilding/Sales Operations Isabelle Escamilla Authorized Agent—Homebuilding/Sales Operations Sarah Williams Authorized Agent—Homebuilding/Sales Operations Kimberly Vandenbelt Authorized Agent—Homebuilding/Sales Operations AND, RESOLVED, that the authorities hereby conferred shall be deemed retroactive, and any and all acts authorized herein that were performed prior to the passage of these resolutions be,and they hereby are,approved, ratified and confirmed. A facsimile,PDF of a signature,or an electronic signature,to this Written Consent shall be deemed and treated for all purposes of execution to be as valid as an original signature thereto. IN WITNESS WHEREOF,the undersigned has executed this Written Consent in order to give its consent thereto effective as of the date written above. MEMBER: LENNAR CORPORATION a Delaware corporation DocuSigned by: F l.a,V'f'� By. 941—1—E11665476... Mark Sustana, Secretary and General Counsel