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MERCHANTS BONDING COMPANY (MUTUAL) <br />2100 FLEUR DR., DES MOINES, IOWA 50321 <br />BID BOND <br />BOND NO. <br />5463 <br />KNOW ALL MEN BY THESE PRESENTS, <br />That we, Nikola Corporation <br />as Princi al, and Merchants Bonding Company (Mutual) <br />P a corporation <br />authorized to transact 9 general surety business in the Slate of CA as Surety, era held and firmly <br />bound unto City o£ Santa Ana - Public Works Agency <br />(hereinafter called the Obligee) <br />in the full and just sum of TEN PERCENT OF THE AMODN'P OF THE BID <br />Dollars, ($ lO.g'k'k? for the payment whereof in lawful money of the United States, we bind ourselves, our <br />heirs, administrators, executors, successors and assigns, jointly and severally, finely by these presents. <br />WHEREAS, the said PRINCIPAL has submitted the accompanying bid for - <br />Project No_ 11-7508 Lacy Neighborhood Sewer R Water <br />Maim Improvements <br />NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a <br />Contract with the Obligee in accrordance with the terms of such bid, or in the event of the failure of the Principal to enter <br />such Contract. If the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the <br />amount specked in said bid and such larger amount for which the Obligee may in good faith contract with another party <br />to perform the Work covared by said bid, than this obligation shall be null and void, otherwise I. remain in full force and <br />effect. <br />Signed and Sealed this 7t1i day of February 2011 <br />vEAR <br />ola o ion Mar ants Bo din C an Mutual) <br />By _ gy: <br />ohany ichan - Presidemr Pr4io°ai Ry Mantle Attorney-in-Fact