STEPHEN DORECK EQUIPMENT RENTALS, INC. (2)

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THE FINAL PREMIUM IS PREDICATED ON THE CITY OF SANTA ANA FINAL CONTRACT AMOUNT BONDS PROJECT NO.: 15-6448 PAYMENT BOND This bond was issued in three (3) original counterparts Bond No. 2290055 KNOW ALL MEN BY THESE PRESENTS that Stephen Doreck Equipment Rentals, Inc. as CONTRACTOR, and North American Specialty 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 One Million Six Hundred Sixty Thousand Three Hundred Seventy and 00/100 Dollars ($ 1,660,370.00 ), 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 June 4th. 2019 for Project No.: 15-6448, Thornton Park 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 6th day of ,2019 . Doreck Equipment Rentals, Inc. T- lCE P1�Si Specialty Insurance Companv Subscribed and sworn to before me, 20 Signature: Notary Public in and for the County of 9075 Telegraph Road 6 Hutton Center Drive, Suite 850 Orange, CA 92867, (714) 516-1232 ,this day of State of Rate of premium on this bond is $ See Performance Bond per thousand. Total amount of premium charge is $ See Performance Bond . To be filled in by Surely *Provide CONTRACTOR /ADMITTED SURETY name, address, and telephone number and the name, title, address, and telephone number of authorized representative. 2of3