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CITY OF SANTA ANA BONDS PROJECT NO.: 19-6921 8 19-6945 PAYMENT BOND KNOW ALL MEN BY THESE PRESENTS that All American as CONTRACTOR, and Fidelity and of Bond No.:7660532 Premium is included in the performance bond Executed in: 3 Counterparts 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 Seven Hundred Thirty Nine Thousand Five Hundred Ninety Six and 00/100 Dollars ($ 739,596.00 ), 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. *of Illinois 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 May 7, 2019 for Project Nos. 19-6921 and 19-6945 -1st Street and Raitt Street Slurry Seal and Resurfacing 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 23rd day of May 2019 CONTRACTOR* All American Asphalt - 400 East Sixth Itovui VIUV FlualWrrr and Deposit Company of Maryland - 777 S. Subscrib:d and sworn to before me, **Please See Attached** 20 Signature: Notary Public in and for the County of CA 92879 - Phone Street, Suite 3900, Los Angeles, CA 90017 David Wei (213)270-0600 State of this day of Rate of premium on this bond is $ 3.95 per thousand. Total amount of premium charge is $ Included in 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