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CITY OF SANTA ANA BONDS PROJECT NO.: 16-2667 SANTIAGO BIKE RESURFACING PAYMENT BOND BOND 11380800P PREMIUM: INCLUDED IN PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS that NPG, INC. as CONTRACTOR, and DEVELOPERS SURETY AND INDEMNITY COMPANY a corporation, organized and existing under the laws of the State, and duly authorized to transact business wider the laws of the State of California, as SURETY, are held and firmly bound wrto the City of Santa Ana, as AGENCY, in the penal sum of SIXTY SIX THOUSAND FOUR HUNDRED SEVENTY-TWO AND NO/100 Dollars ($ 66, 472.00 ), 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. 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 NOVEMBER 15, 2016 for PROJECT NO. 16-2667• SANTIAGO BIKE 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, hand and seal this 17TH day of NOVEMBER _'2016 CONTRACTOR* SURETY* 1354 JET WAY PERRIS, CA 92572 INDEMNITY COMPANY S. KRAEMER BLVD., 11300 BY: IN -FACT Subscribed and sworn to before me, 20 Signature: Notary Public in and for the County of State of this day of Rate of premium on this bond is $ 20.00 per thousand. Total amount of premium charge is $ 1,329 . 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 AUTHORIZED REPRESENTATIVE: CULBERTSON INSURANCE SERVICES, INC. 5500 E. SANTA ANA CANYON RD., 11201, ANAHEIM, CA 92807, (714) 921-0530 SPENCER FLAKE, VICE PRESIDENT 2of3