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THE AMERICAN INSTITUTE OF ARCHITECTS <br />~ ~Il <br />A/A Document A311 <br />Labor and Material Payment Bond <br />THIS BOND IS ISSUED SIMULTANEOUSLY WITH PERFORMANCE BOND IN FABOR OF THE <br />OWNER CONDITIONED ON THE FULL AND FAITHFUL PERFORMANCE OF THE CONTRACT <br />Bond #105134429 <br />KNOW ALL MEN BY THESE PRESENTS: that The Resolute Building Company <br />211 Cloister Ct. <br />Chapel Hill, NC 27514 <br />(Here insert full name and address or legal title of Contractor) <br />as Principal, hereinafter called Principal, and, Travelers Casualty and Surety Company of America <br />Construction Services <br />One Tower Square, Hartford, CT 06183 <br />(Here insert full name and address or legal title of Surety) <br />as Surety, hereinafter called Surety, are held and firmly bound unto <br />Telesis Construction Management, LLC <br />1000 Corporate Drive, Suite 109 <br />Hillsborough, NC 27278 <br />(Here insert full name and address or legal title of Owner) <br />as Obligee, hereinafter called Owner, for the use and benefit of claimants as hereinbelow defined, in the <br />amount of Four Million Seven Hundred Eighty Thousand Nine Hundred Twenty Two and 00/100 Dollars <br />($4,780,922.00) (Here insert a sum equal to at least one-half of the contract price) <br />for the payment whereof Principal and Surety bind themselves, their heirs, executors, administrators, successors <br />and assigns, jointly and severally, firmly by these presents. <br />WHEREAS, <br />Principal has by written agreement dated September 2, 2008, entered into a contract with Owner for <br />(Here insert full name, address and description of project) <br />Orange County Office Building, 131 Margaret Lane, Hillsborough, NC 27278 <br />in accordance with Drawings and Specifications prepared by <br />Brockwell Associates, Inc. <br />1911 Hillandale Road, Suite 1050, Durham, NC 27705 <br />(Here insert full name and address or legal title of Architect) <br />which contract is by referenced made a part hereof, and is hereinafter referred to as the Contract. <br />AIA DOCUMENT A311 . PERFORMANCE BOND AND LABOR AND MATERIAL PAYMENT BOND. AIA <br />FEBRUARY 1970 ED.. THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVE., N.W., WASHINGTON, D.C. 20006 3 <br />