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DocuSign Envelope ID:2E5A8509-E4CD-4A45-9241-C69B05F6A27D <br /> FORM OF BID BOND <br /> KNOW ALL MEN BY THESE PRESENTS THAT <br /> McQueen Construction, Inc. as <br /> principal, and The Guarantee Company of North America USA , as surety,who is <br /> duly licensed to act as surety in North Carolina,are held and firmly bound unto <br /> Orange County as <br /> obligee, In the penal sum of Five Percent of Amount Bid s%DOLLARS, lawful money of <br /> the United States of America, for the payment of which, well and truly to be made,we bind <br /> ourselves, our heirs, executors, administrators, successors and assigns, jointly and <br /> severally,firmly by these presents. <br /> Signed,sealed and dated this. 2nd day of June, 2016 <br /> WHEREAS,the said principal is herewith submitting proposal for Fairview Park <br /> Parking Lot.Expansion <br /> and the principal desires to file this bid bond in lieu of making <br /> the cash deposit as required by 0.5. 143-129. <br /> NOW,THEREFORE, THE CONDITION OF THE ABOVE OBLIGATION Is such,that <br /> If the principal shall be awarded the contract for which the bid is submitted and shall <br /> execute the contract and give bond for the faithful performance thereof within ten days after <br /> the award of same to the principal, then this obligation shall be null and void; but If the <br /> principal fails to so execute such contract and give performance bond as required by G.S. <br /> 143-129,the surety shall, upon demand,forthwith pay to the obligee the amount set forth in <br /> the first paragraph hereof. Provided further, that the bid may be withdrawn as provided by <br /> V.S. 143429.1 <br /> McQueen Construction, Inc. (SEAL) <br /> By. ,_.-._ i- EAL) <br /> Harvey G. M.eueen President <br /> (SEAL) <br /> The a USt e Company of North (SEAL) c°tn •NTe4co��o <br /> C (G.4 * <br /> B01 CAA)trIA)Ab L ° <br /> Chavov C. Hill,Attorney-in-Fact oIP'UAMt' <br />