BELL BUILDING MAINTENANCE COMPANY 1 - 2008

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Provided above and Obligee has agreed to pay the Balance of the Contract Price to the Surety or to a contractor selected by Surety to perform the Contract Work. Whenever Principal shall be, and be properly declared by Obligee to be, in default under the Contract and the Obligee has terminated the Contract, the Obligee having performed Obligee's obligations thereunder, the Surety may: (1.) Remedy the default subject to the provisions of paragraph (4.) below; or (2.) Arrange for the continued performance of the Work under the Contract subject to the provisions of paragraph (4.) below. (3.) Deny liability in whole or in part and notify the Obligee citing the reasons therefor, in which event Obligee shall be entitled to pursue such remedies as may be available to it at law, subject to the terms and limitations hereof. (4.) The Balance of the Contract Price, as defined below, shall be credited against the reasonable cost of completing performance of the Contract. If completed by the Obligee, and the reasonable cost exceeds the Balance of the Contract Price, the Surety shall pay to the Obligee such excess, but in no event shall the aggregate liability of the Surety exceed the amount of this bond. If the Surety arranges completion or remedies the default, that portion of the Balance of the Contract Price as may be required to complete the Contract Work or remedy the default and to reimburse the Surety for its outlays shall be paid to Surety at the times and in the manner as said sums would have been payable to Principal had there been no default under the Contract. The term "Balance of the Contract Price" as used in this paragraph shall mean the total amount payable by Obligee to Principal under the Contract and any amendments thereto, less the amounts heretofore properly paid by Obligee under the Contract. As a further condition precedent to coverage under this Bond, Obligee must give Surety the written notice stated above no later than one (1) year from the earliest to occur of the following: (i) the date of any abandonment of the Contract; (ii) the date final payment is made to the Principal under the Contract; or (iii) the date the Principal last performed Work under the Contract. Any default declared or claim made by the Obligee outside of this timeframe is not covered by this Bond. No right of action shall accrue on this bond to or for the use of any person or entity other than the Obligee named herein. By acceptance of this bond, Obligee agrees with Surety and Principal that no suit shall be filed on this bond after two years from earliest date in sections i - iii of the immediately preceding paragraph, may suit be brought other than in a state court of competent jurisdiction in and for the county or other polit cal subdivision of the state in which the project, or any part thereof, is situated, or in the United States District Court for the district in which the project, or any part thereof, is situated, and not elsewhere; provided, however, if the limitation or period of time to make claims herein are prohibited by any law, then such limitation or period of time shall be deemed to be amended so as to be equal to the minimum period of limitation or notice allowed by such law. The terms and conditions of this Bond shall be binding upon Principal, Obligee, and Surety, and their respective successors and permitted assigns. Obligee may not assign this Bond or any rights hereunder without the express written consent of Surety. Signed and sealed this 2nd day of June 2008. Principal: Bell Building Maintenance Company Signatur -� Name u_ yang Title p Psi dPnt-