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SEAL <br />CITY OF SANTA ANA Bond Number: 4443240 <br />BONDS Premium: $6,558.00 <br />Premium is for the contract term <br />PROJECT NO.: 21-6446 and is subject to adjustment based <br />BAKER-GLENWOOD SEWER MAIN UPGRADE on the final contract price <br />FAITHFUL PERFORMANCE BOND <br />KNOW ALL MEN BY THESE PRESENTS that Bic Ben Inc. <br />as CONTRACTOR, and Markel Insurance Company <br />a corporation, organized and existing under the laws of the State, and duly authorized to transact <br />business under the laws of the State of California, as SURETY, are held and firmly bound unto <br />the City of Santa Ana, as AGENCY, in the penal sum of Seven Hundred Seven Thousand Seven Hundred <br />Thirty Three and no/100 Dollars <br />($ 707,733.00 ), which is 100 percent of the total contract amount for the above stated <br />project, for the payment of which sum, CONTRACTOR and SURETY agree to be bound, jointly <br />and severally, firmly by these presents. <br />THE CONDITIONS OF THIS OBLIGATION ARE SUCH that, whereas CONTRACTOR has <br />been awarded and is about to enter into the annexed Contract Agreement with AGENCY dated <br />April 6, 2021 for Baker -Glenwood Sewer Main Upgrade Project No. 21-6446 <br />if CONTRACTOR faithfully performs and fulfills all obligations in the performance of the Work <br />of Improvement to be done under said Contract Agreement in the manner and time specified <br />therein, then this obligation shall be null and void, otherwise it shall remain in full force and <br />effect in favor of AGENCY; provided that any alterations in the obligations or time for <br />completion made pursuant to the terms of the contract documents shall not in any way release <br />either CONTRACTOR or SURETY, and notice of such alterations is hereby waived by <br />SURETY. <br />IN WITNESS WHEREOF the parties hereto have set their names, titles, hands, and seal this <br />13th day of April 12021 . <br />CONTRACTOR* <br />685 <br />and sworn 1 <br />, 20 ii . <br />T— — <br />Signature: <br />Drive, Suite 265, San Bernardino, CA 92408 Phone: 909-886-9861 <br />SC-dAJ6ryb k1M <br />Notary Public in and for the County of (22L), � , State of <br />Rate of premium on this bond is $ _ <br />Total amount of premium charge is $ <br />ter thousand. <br />To be filled in by Surety <br />*Provide CONTRACTOR /ADMITTED SURETY name, address, and telephone number and the <br />name, title, address, and telephone number of authorized representative. <br />I of 3 <br />