ARNAZ ENGINEERING CONTRACTORS, INC. (4)

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Bond No. CAC716865 CITY OF SANTA ANA Executed in 3 originals BONDS PROJECT NO.: 19-6495 FIRST STREET UNDERCROS SING STORMWATER LIFT STATION PAYMENT BOND KNOW ALL MEN BY THESE PRESENTS that ARNAZ Engineering Contractors, Inc. as CONTRACTOR, and Merchants Bonding Company (Mutual) 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 Six Hundred Thirty Thousand Three Hundred and 001100 Dollars ($ 630,300.00 ), 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, fierily 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 for Project No. 19-6495, First Street Undercrossing Stormwater Lift Station 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 ftrrnished, 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 28th day of February 2019 ARNAZ Engineering Contractors, Inc., 1035 Armando Street, Ste. X, Anaheim, CA 92806, (714)666-1765 P.O. Box 14498, Des Moines, IA 50306, (515)243-8171 Vanessa Cbpeland, Attorney -in -Fact, 151 Kalmus Dr., Ste A-201, Costa Mesa, CA 92626, (714)546-5100 Subscribed and sworn to before me, See Attached this day of 20_ Signature Notary Public in and for the County of State of Rate of premium on this bond is $ Listed on Performance Bond per thousand. Total amount of premium charge is $ Listed on Performance Bond . 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. 2 of 3