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CITY OF SANTA ANA BONDS PROJECT NO.: 18-2692 Bond No. 380265P Premium: $13,270.00 Premium is for contract term and is subject to adjustment based on final contract price Executed in: 1 Counterpart KNOW ALL MEN BY THESE PRESENTS that D D Systems Inc DBA Ace CD Inc as CONTRACTOR, and Developers Surety and Indemnity Company a corporation, organized and existing under the laws of the State, and duly authorized to transact business under the laws of the State of California, as SURETY, are held and firmly bound unto the City of Santa Ana, as AGENCY, in the penal sum of Nine Hundred Seventy Six Thousand Nine Hundred Seventy Three and 84/100 Dollars ($ 976,973.84 ), 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. *of California 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 5, 2019 for Project 18-2692 - New Park at 6th Street and Lacy Street if CONTRACTOR faithfully performs and fulfills all obligations in the performance of the Work of Improvement to be done under said Contract Agreement in the manner and time specified therein, then this obligation shall be null and void, otherwise it shall remain in full force and effect in favor of AGENCY; provided that any alterations in the obligations 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 such alterations is hereby waived by SURETY. IN WITNESS WHEREOF the parties hereto have set their names, titles, hands, and seal this 7th day of March 2019 . CONTRACTOR* D D §.vst mus Inc DBA Ace CD Inc - 1199 Englewild Drive, G SURETY* De eloperAurety and Indemnity Company - 500 South Kraemer 52 0EIZlin —fWl Rebecca Haas -Bates, Attorney -in -Fact Subscribed and sworn to before me, **Please See Attached** 20 Signature: Notary Public in and for the County of Rate of premium on this bond is $ ** Total amount of premium charge is $ 13,270.00 State of i, CA 91741 - Phone (626) 523-1141 Suite 300, Brea, CA 92821 this day of erthousand. To be filled In by Surety *Provide CONTRACTOR /ADMITTED SURETY name, address, and telephone number and the name, title, address, and telephone number of authorized representative. **FIRST $100,000 x $25.00 = $2,500.00 NEXT $400,000 x $15.00 = $6,000.00 NEXT $476,973.84 x $10.00 = $4,769.74 1 of 3