STEPHEN DORECK EQUIPMENT RENTALS, INC. (3)

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THE FINAL PREMIUM IS This bond was issued in two (2) PREDICATED ON THE original counterparts FINAL CONTRACT AMOUNT CITY OF SANTA ANA APPENDIX C Bond No. 2312332 PROJECT NO.: 21-6457 Premium:$10,394.00 VALLEY ADAMS NEIGHBORHOOD WATER MAIN IMPROVEMENTS PHASE 2 FAITHFUL PERFORMANCE BOND 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 One Hundred Twenty -Six Thousand Six Hundred Seventy and 00/100 Dollars ($1,126,670.00 1, 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 New Hampshire 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 January 19th, 2021 for Valley Adams Neighborhood Water Main Improvements Phase 2 Project No. 21-6457 if CONTRACTOR faithfully performs and fulfills all obligations in the performance of the Work of Improvement to be done under said Contract Agreement in the manner and time specified therein, then this obligation shall be null and void, otherwise it shall remain in full force and effect in favor of AGENCY; provided that any alterations in the obligations 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 such alterations is hereby waived by SURETY. IN WITNESS WHEREOF the parties hereto have set their names, titles, hands, and seal this 7th day of January 2021 9075 Telegraph Road Doreck Equipment Rentals, Inc. Pico Rivera, CA 90660, (562) 949-4949 777 S Figueroa Street, Suite 3700 Los Anqeles, CA 90017, (714) 550-7799 Dwight Reilly, Attorney -in -Fact 1411 N. Batavia St., Suite 201, Orange, CA 92867, (714) 516-1232 Subscribed and sworn to before me, this, day of 20 Signature: Notary Public in and for the County of , State of Rate of premium on this bond is $14.40, $10.80, $7.395 per thousand. Total amount of premium charge is $10,394.00 To be filled in by Surety *Provide CONTRACTOR /ADMITTED SURETY name, address, and telephone number and the name, title, address, and telephone number ofauthorized representative.