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CITY OF SANTA ANA BONDS PROJECT NO.: 18-2692 PAYMENT BOND Bond No.: 380265P Premium is included in the performance bond 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 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 7th day of March 2019 . CONTRACTOR* D D Systems Inc DBA Ace CD Inc - 1199 Englewild Drive, Glendora, CA 91741 - Phone (626) 523-1141 SURE,fy* � opers Surety and Indemnity Company - 500 South Kraemer Blvd., Suite 300, Brea, CA 92821 'tk�� Vu Ho (714) 784-5660 Rebecca Haas -Bates, Attorney -in -Fact Subscribed and sworn to before me, **Please See Attached** this day of 20 Signature: Notary Public in and for the County of State of Rate of premium on this bond is $ * per thousand. Total amount of premium charge is $ Included in Performance Bond . To be filled in by Surety *Provide CONTRACTOR I 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 2 of 3