Bonding

CLICK HERE to view The Hartford letterNovember 10, 2008

Mr. Jack Cox
President
Halfacre Construction, Inc.
7015 Professional Parkway East
Sarasota, FL 34240

RE: Bonding


Dear Jack,

The Hartford Fire Insurance Company of Hartford, Connecticut has provided the bonding for your company, Halfacre Construction, since 1993. We have written numerous bid, performance and payment bonds which total well over $100,000,000. In this time, we have never received anything but favorable comments from owners, subcontractors and suppliers regarding your performance and other obligations.

We consider you to be one of our most valued clients and look forward to supporting your bond needs well into the future. Based upon current information, your company has the ability to provide bonds for individual projects in the amount of $30,000,000 within an aggregate program of $50,000,000. These limits are subject to our normal and standard underwriting criteria at the time of any request.

Founded in 1810, The Hartford Financial Services Group, Inc. (NYSE: HIG) is one of the largest investment and insurance companies based in the United States, with offices in Japan, Brazil, Ireland, England, Canada, and the United States. With 31,000 employees and $2.9 billion in net income in 2007, The Hartford was ranked 82nd on the 2007 Fortune 100 list. The Hartford has an A.M. Best Rating of A+ (Superior) XV.

If anyone has questions regarding our support of your company, please feel free to have them call me directly at (407) 562-3482.

Best regards,

Mike Battenfield
Assistant Bond Manager

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