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DocuSign Envelope ID:29F350EB-C553-4EEB-BD97-898B3775EE03 <br /> I <br /> i <br /> � Archi <br /> W� <br /> i <br /> Insurance Group <br /> November 12, 2014 <br /> Re: Principal : Racanelli Construction South, Inc. <br /> To Whom It May Concern: <br /> RACANELLI CONSTRUCTION SOUTH, INC. is a highly regarded and valued client of ARCH <br /> INSURANCE COMPANY. ARCH INSURANCE COMPANY have supported RACANELLI <br /> CONSTRUCTION SOUTH, INC, on single contracts In excess of $20,000,000.00 and aggregate of <br /> $40,000,000.00 with availability capacity of $35,000,000.00. Accordingly, we would anticipate <br /> no difficulty in arranging for the customary Performance and Payment bonds on future projects. <br /> Naturally, the execution of any final bonds would be subject to, but not necessarily limited to <br /> receipt and favorable review of all contract terms and conditions, bond forms, confirmation of <br /> project financing and all current underwriting information needed at the time of the request for <br /> bonds. <br /> This letter is not an assumption of liability, nor Is it a bid bond or a performance bond. It is <br /> Issued only as a bonding reference requested from us by our client. <br /> Arch Insurance Company is listed on the U.S. Department of Treasury's Listing of Certified <br /> Companies and has an AM Best rating of A+, Financial Size Category XV. Arch Insurance <br /> Company is licensed to do business in North Carolina. <br /> If we can provide any further assistance, please do not hesitate to call upon us. <br /> Very truly yo , <br /> Arch Ins nce Co p <br /> sa u I , Att me - act . <br /> One Liberty Plaza,Floor 29,New York,NY 10006 <br />