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*10Liberty
<br />Mutual.
<br />SURETY
<br />Bond No.024244198
<br />Premium: $17,900.00 Per Annum
<br />Premium is for contract tens and is subject
<br />to adjustment based on final contract price
<br />Executed in: 2 Counterparts
<br />ANNUAL PERFORMANCE AND PAYMENT BOND
<br />KNOW ALL MEN BY THESE PRESENTS, that we, Pest Options, Inc,
<br />, as
<br />Principal, and The Ohio Casualty Insurance Company , licensed to do business in the State of
<br />New Hampshire , as Surety, are held and firmly bound unto City of Santa Ana
<br />(Obliges), in the penal sum of Seven Hundred Fifteen Thousand Nine Hundred Ninety Four and 24/100
<br />Dollars(715,994.24 ),
<br />lawful money of the United States of America, for the payment of which sum, well and truly to be made, the
<br />Principal and Surety do bind themselves, their heirs, executors, administrators, and successors and assigns, jointly
<br />and severally, firmly by these presents.
<br />THE CONDITION OF THIS OBLIGATION IS SUCH, that whereas the above bounden Principal has
<br />entered into a certain written Contract with the above named Obligee the 21 at day of January
<br />2020 , for INTEGRATED PEST MANAGEMENT (IPM) & PEST CONTROL MANAGEMENT SERVICES
<br />RFP NO.: 19.094 and more fully described in said Contract, a copy of which
<br />is attached, which Agreement is made a part hereof and incorporated herein by reference, except that nothing said
<br />therein shall alter, enlarge, expand or otherwise modify the term of the bond as set out below.
<br />NOW, THEREFORE, if Principal, its executors, administrators, successors and assigns shall promptly and
<br />faithfully perform the Contract, according to terms, stipulations or conditions thereof, and shall pay for all labor
<br />performed and materials furnished in the prosecution of the work provided for under the terms of said Contract, then
<br />this obligation shall become null and void, otherwise to remain in full force and effect.
<br />PROVIDED, HOWEVER, This bond is executed by the Surety and accepted by the Obligee subject to the
<br />following express conditions:
<br />I. This bond is for the term beginning 02/01/2020 and ending 01/3112021
<br />2. In the event of a default by the Principal in the performance of the Agreement during the term of this
<br />bond, the Surety shall be liable only for payment of the loss to the Obligee due to actual excess costs of
<br />performance, reasonable attorney's fees and enforcement costs, which occurred during the effective
<br />period of the bond, up to the maximum penalty of this bond.
<br />3. No claim, action, suit, or proceeding, except as hereinafter set forth, shall be had or maintained against
<br />the Surely on this instrument unless same be brought or instituted upon the Surety within one year
<br />from termination or expiration of the bond term.
<br />4. Neither non -renewal or cancellation by the Surety, nor failure, nor inability of the Principal to rile a
<br />replacement bond shall constitute loss to the Obligee recoverable under this bond.
<br />S. This bond maybe extended for additional terms at the option of the Surety, by continuation certificate
<br />executed by the Surety.
<br />LMa$07241PA0
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