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sci <br />SOUTHERNCOATINGSINC <br />ROOFING, <br />July 11, 2017 <br />Southern Coatings, Inc. <br />2241'N.W. 22nd Street, Suite 104 <br />Pompano Beach, FL 33069 <br />RE: Bonding Line Review <br />To Whom It May Concern: <br />Please be advised that upon reviewing and underwriting the corporate and financial information <br />on the above captioned, we would consider bond submissions on an individual basis up to an <br />amount of $750,000.00. Please note that the company's total work load could not exceed <br />$2,000,000.00 which would include the bond submissions. <br />The bonding line is based on current information and is subject to review at the time of the <br />individual bond application and is not to be construed as a commitment on behalf of Lexon <br />Insurance Company or SECURITY BOND ASSOCIATES, INC., to issue any bonds for <br />Southern Coatings, Inc. <br />Please be advised that this letter is not intended to pre -qualify the client for Subcontractor <br />Default Insurance. We accept no responsibility whatsoever as to the qualifying requirements of <br />this client for the underwriting of Subcontractor Default Insurance. <br />If you have any questions regarding the contents on this letter, please do not hesitate to contact <br />the undersigned. <br />Yours truly, <br />Lexon in a ompany <br />kfrton Harris <br />ttorney-In-Fact <br />BH:bb <br />Confidential and Proprietary Information Of Southern Coatings, Inc. <br />18 <br />