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NORTH CAROLINA ARGONAUT INSURANCE COMPANY 91 <br />PROPOSAL BOND 225 w. Washington, Stn Floor, Chicago, IL 60605 <br />KNOW ALL MEN BY THESE PRESENTS, That we, <br />WASTE INDUSTRIES, LLC <br />as Principal, and Argonaut Insurance Company, a corporation of the State of Illinois, as Surety, which is duly licensed to <br />act as Surety in North Carolina, are held firmly bound unto <br />ORANGE COUNTY, NORTH CAROLINA <br />as Obligee, in the sum of Five Per Cent (5 %) of Amount Bid --------------------------------- -------------------------------- ( ------------ ) <br />lawful money of the United States of America, for payment of which, well and truly to be made, we bind ourselves, our <br />heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. <br />WHEREAS, the said Principal is herewith submitting proposal for <br />Urban Curbside Recycling Services <br />and the Principal desires to file this Bid Bond in lieu of making the cash deposit as required by G.S. 143 -129 as amended <br />by Chapter 1104 of the Public Laws of 1951. <br />NOW, THEREFORE, THE CONDITION OF THE ABOVE OBLIGATION is such, that if the Principal shall be awarded the <br />contract for which the bid is submitted and shall execute the contract and give bond for the faithful performance thereof <br />within ten days after the award of same to the Principal, then this obligation shall be null and void; but if the Principal fails <br />to so execute such contract and give performance bond as required by G.S. 143 -129, as amended by Chapter 1104 of the <br />Public Laws of 1951, the Surety shall, upon demand, forthwith pay to the Obligee the amount set forth in the first <br />paragraph hereof. <br />3IGNED, sealed and dated this 16th of January, 2014 <br />S- 2349 -1 (7 -97) <br />WASTE INDUSTRIES, LLC <br />By <br />Vice President <br />ARGONAUT NSURANCE CO&ANY <br />By <br />Attorney -in -Fact <br />