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CITE' OF SANTA ANA <br />BONDS <br />PROJECT NO.: 17-6612 <br />PAYMENT BOND <br />Bond No CAC715831 <br />KNOW ALL MEN BY THESE PRESENTS that ARNAZ Engineering Contractors, Inc. <br />as CONTRACTOR, and Merchants Bonding Company (Mutual) <br />a corporation, organized and existing under the laws of the State,`and duly authorized to transact <br />business under the laws of the State of California, as SURETY, are held and firmly bound unto <br />the City of Santa Ana, as AGENCY, in the penal sum of <br />Two Hundred Twenty Thousand & 001100------------------ Dollars <br />($ 220.000.00 ), which is 100 percent of the total contract amount for the above stated <br />project, for the payment of which sum, CONTRACTOR and SURETY agree to be bound, jointly <br />and severally, firmly by these presents. * of Iowa <br />THE CONDITIONS OF THIS OBLIGATION ARE SUCH that, whereas CONTRACTOR'hns <br />been awarded and is about to enter into the annexed Contract Agreement with AGENCY dated <br />March 21, 2017 for Urgent Repairs - Various Locations <br />if CONTRACTOR or any subcontractor fails to pay for any labor or material of any kind usedJn <br />the performance of the Work of Improvement to be done under said Contract Agreement, or fails <br />to submit amounts due under the State Unemployment Insurance Act with respect to said labor, <br />SURETY will pay for the same in an amount not exceeding the sum set forth above, which <br />amount shall insure to the benefit of all persons entitled to file claims under the State Code of <br />Civil Procedures; provided that any alterations in the work to be done, materials to be furnished, <br />or time for completion made pursuant to the terms of the contract documents shall not in any <br />way release either CONTRACTOR or SURETY, and notice of said alterations is hereby waived <br />by SURETY. <br />IN WITNESS WHEREOF the parties hereto have set their names, titles, hands, and seal this <br />13th day of February 2018 <br />ARNAZ Engineering Contractors, Inc., 1035 Armando Street, Ste. X, Anaheim, CA 92806 (714)666-1765 <br />:hants Bonding Comny (Mutual), P.O. Box 14498, Des Moines, IA 50306 (515)243-8171 <br />151 Kalmus Dr., A201, Costa Mesa, CA 92626, (714) 546-5100 <br />Subscribed and sworn to before me, <br />20 <br />Signature: See Attached <br />Notary Public in and for the County of State of <br />this clay of <br />Rate of premium on this bond is $ 10.00 for the first $500m per thousand. <br />Total amount of premium charge is $ 2,200.00 To be,ilied in by Surety <br />*Provide CONTRACTOR 1 A)MITTED SURETY name, address, and telephone number and the <br />name, title, address, and telephone number of authorized representative. <br />2 of <br />