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FORM OF PAYMENT BOND <br />• May 24, 2007 <br />j Date of Contract: <br />Date of Execution: May 24, 2007 <br />Name of Principal <br />(Contractor) Bordeaux Construction Company, Inc. <br />it Name of Surety: Travelers Casualty and Surety Company of America <br />Name of Contracting Orange County, North Carolina <br />Body: <br />Ten million seventy -sic thousand eight hundred thl"ight dollars <br />Amount of Bond: S31o.o7e e38.o0) <br />Project Orange County Justice Expansion Public Market House and River Park <br />� <br />KNOW ALL MEN BY THESE PRESENTS, that we, the principal and surety above <br />named, are held and firmly bound unto the above named contracting body, hereinafter <br />called the contracting body, in the penal sum of the amount . stated above for the payment <br />of which sum well and truly to be made, we bind ourselves, our heirs, executors, <br />administrators, and successors, jointly and severally, firmly by these presents. <br />• THE CONDITION OF THIS OBLIGATION IS SUCH, that whereas the principal <br />entered into a certain contract with the contracting body identified as shown above and <br />hereto attached: <br />NOW, THEREFORE, if the principal shall promptly make payment to all persons <br />supplying labor /material in the prosecution of the work provided for in said contract, and <br />any and all duly authorized modifications of said contract that may hereafter be made, <br />notice of which modifications to the surety being hereby waived, then this obligation to be <br />void: otherwise to remain in full force and virtue. <br />IN WITNESS WHEREOF, the above - bounden parties have executed this instrument <br />under their several seals on the date indicated above, the name and corporate seal of each <br />corporate party being hereto affixed and these presents duly signed by its undersigned <br />representative, pursuant to authority of its governing body. <br />Executed in _ SIX (6 ) counterparts. <br />• <br />