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<br />~ ' ARCH INSURANCE COMPANY
<br />PAYMENT BOND
<br />Bond Number : SU 1102668
<br />KNOW ALL MEN BY THESE PRESENTS: That Sentry Control Svstems as Principal, hereinafter called Principal, and Arch
<br />Insurance Comoanv (located at 135 N. Los Robles Ave., Ste. 825, Pasadena, CA 91101) as Surety, hereinafter called Surety,
<br />are held and firmly bound unto The Citv of Santa Ana as Obligee, hereinafter called Owner, for the use and benefit of claimants as
<br />hereinbelow defined, in the amount of One Million One Hundred Fiftv Thousand Thirtv Five Dollars and ~/100
<br />DOLLARS (1.150,035.00) for the payment whereof Principal and [he Surety, jointly and severally, bind themselves, their heirs,
<br />executors, administrators, successors and assigns to the Owner to pay for the labor, materials and equipment famished for use in the
<br />performance of that certain Construction Contract dated L~$~105 with Owner for:
<br />Purchase and Installation of Parkine Control Eauioment
<br />which is incorporated herein by reference.
<br />With respect to the Owner, this obligation shall be null and void iF the Principal
<br />!. Promptly makes payment, directly or indirecty, for aU sums due Claimants, and;
<br />2. Defends, indemnifies and holds harmless the Owner from claims, demands, liens or suits by any person or emity whose claim,
<br />demand, lien or suit is for the payment for labor, materials or equipment furnished for use in the performance of the Construction
<br />Contract, provided the Owner has promptly notified the Principal and the Surety any claims, demands, liens or suits and
<br />provided there is no Owner Default.
<br />With respect to Claimants, this obligation shall be null and void if the Principal
<br />1. Promptly makes payment, directly or indirectly, for all sums due. (A claimant is defined as an individual or entity having a
<br />direct contract with the Principal or with a subcontractor of the Principal to furnish labor, materials or equipment for use in the
<br />performance of the Contract.)
<br />The Surety's towl obligation shall not exceed the amount of [his Bond, and the amount of this Bond shall be credited for any payments
<br />made hereunder by the Surety.
<br />By the Principal famishing and the Owner accepting this Bond, they agree that all funds earned by the Principal in the performance of
<br />the Construction Contract are dedicated to satisfy obligations of the Principal and the Surety under this Bond.
<br />The Surely shall not he liable to the Owner, Claimants or others for obligations of the Principal that are unrelated to the Construction
<br />Contract.
<br />If any suit or action is brought by any claimant under this bond, jurisdiction shall be in [he County or Political Subdivision in which
<br />the project is situated.
<br />No suit or action shall be commenced by a claimant under this Bond after the expiration of one year from the date on which the last
<br />labor or service was performed by anyone or the last materials or equipment were furnished by anyone under the Construction
<br />Contract.
<br />SIGNED, SEALED, DATED: Iuly 23, 2009
<br />7~ Sentry Control Systems
<br />,~i~ l ' (Principal)
<br />By: J~/~/
<br />Arch Iusurance Company (Surety)
<br />BY: ~~~n~-~, l'
<br />Aidan Smock ,Attorney In act
<br />A
<br />DIRECT CORRESPONDENCE TO
<br />Arch Insurance Group, 10755-F Scripps Poway Parkway, 17448, San Diego, CA 92131
<br />PHONE (858) 271-4393 • FAX (858) 271-8141
<br />ravmen[ nona -t-ua
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