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CITY OF SANTA ANA BONDS PROJECT NO.: 15-6447 Bond No. 30035151/190039245 KNOW ALL MEN BY THESE PRESENTS that Michels Pipeline Construction, a Division of Michels Corporation as CONTRACTOR, and Continental Casualty Company and Liberty Mutual Insurance Company , a corporation, organized and existing under the laws of the State, and duly authorized to transact business under the laws of the State of California, as SURETY, are held and firmly bound unto the City of Santa Ana, as AGENCY, in the penal sum of Two Million Three Hundred Ei2htv Eiaht Thousand Seventv Six Dollars and 00/100 Dollars ($ 2,388,076.00 ), which is 100 percent of the total contract amount for the above stated project, for the payment of which sum, CONTRACTOR and SURETY agree to be bound, jointly and severally, firmly by these presents. THE CONDITIONS OF THIS OBLIGATION ARE SUCH that, whereas CONTRACTOR has been awarded and is about to enter into the annexed Contract Agreement with AGENCY dated March 6, 2018 for Project 15-6447, West Grove Valley Neighborhood Water Main Improvements if CONTRACTOR or any subcontractor fails to pay for any labor or material of any kind used in the performance of the Work of Improvement to be done under said Contract Agreement, or fails to submit amounts due under the State Unemployment Insurance Act with respect to said labor, SURETY will pay for the same in an amount not exceeding the sum set forth above, which amount shall insure to the benefit of all persons entitled to file claims under the State Code of Civil Procedures; provided that any alterations in the work to be done, materials to be furnished, or time for completion made pursuant to the terms of the contract documents shall not in any way release either CONTRACTOR or SURETY, and notice of said alterations is hereby waived by SURETY. IN WITNESS WHEREOF the parties hereto have set their names, titles, hands, and seal this 14th day of March '2018 . CONTRACTOR* Michels 53 SURETY* Continental Casualty Company and Liberty Mutual insuraE'e'Com-pan'-y,'j3315,Q,. Wabash Subscribed and sworn to before me, JhN=Sarisen-� ""` this 14t1i day of March 20 18 JILL _ Ave. S., Suite 600 �f%,, �,{,�,+NOTMRConmissionl�khil�@apo s, MN �e 55416 Signature: c January31, Z�763�30 -7100 Notary PublVin and for the County of Hennepin State of Minnesota Rate of premium on this bond is $ 4.00 per thousand. Total amount of premium charge is $ 9,552.00 To he filled in by Surety *Provide CONTRACTOR /ADMITTED SURETY name, address, and telephone number and the name, title, address, and telephone number of authorized representative. 2of3