KLASSIC ENGINEERING & CONSTRUCTION, INC.,

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CITY OF SANTA ANA BONDS PROJECT NO.: 1.5-7538 Bond No.: CMGP0001036 Premium: Included in the Performance Bond Executed in Three (3) Originals ?VP F77 .at4 " 7: ")7 PAYMENT BO , "y 0c L t'� ��... ..... i KNOW ALL MEN BY THESE PRESENTS that Klassic Engineering & Construction, Inc. as CONTRACTOR, and Argonaut Insurance Company a corporation, organized and existing under the laws of the State, and duty 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 Two Hundred Ninety Six Thousand Seven Hundred Thirty Five and 00/100----------------------------------------------------------------, Dollars ($ 296,735.00 ), 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 January 16th, 2018 for Santa Ana Regional Transportation Center Restroom Renovation 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 Unemp,toyment 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, hands, and seal this 6th day of February , 2018 . Klassic Engineering & -Construction, Inc. CONTRACTOR* 250 S. Tustin St., Orange, CA92866, P. Number: 714-369-8389 Argonaut Iplurance Company, Subscribed and worn to before me, 20 Signature: ** SEE ATTACHED DOCUMENT ** Notary Public in and for the County of State of Rate of premium on this bond is $ 22.5 P. this day of thousand. Total amount of premium charge is $ 6,677.00 (Six Thousand Six . To be filled in by Surety Hundred Seventy Seven and 00/100 Dollars *Provide CONTRACTOR /ADMITTED SURETY name, address, and telephone number and the name, title, address, and telephone number of authorized representative.