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DocuSign Envelope ID:2E5A8509-E4CD-4A45-9241-C69B05F6A27D <br /> FORM OF PAYMENT BOND <br /> Bond No. 15126872 <br /> Date of Contract: July 1,2016 <br /> Date of Execution: July 8,2016 <br /> Name of Principal <br /> (Contractor) McQueen Construction,Inc. <br /> Name of Surety: The Guarantee Company of North America USA <br /> Name of Contracting <br /> Body: Orange County <br /> Amount of Bond: Three Hundred Thirty Nine Thousand and 00/100 Dollars($339,000.00) <br /> Project Fairview Parking Expansion <br /> KNOW ALL MEN BY THESE PRESENTS, that we, the principal and surety above named, <br /> are held and firmly bound unto the above named contracting body, hereinafter called the contracting <br /> body, in the penal sum of the amount stated above for the payment of which sum well and truly to be <br /> made, we bind ourselves, our heirs, executors, administrators, and successors,jointly and severally, <br /> firmly by these presents. <br /> THE CONDITION OF THIS OBLIGATION IS SUCH, that whereas the principal entered <br /> into a certain contract with the contracting body identified as shown above and hereto attached: <br /> NOW, THEREFORE, if the principal shall promptly make payment to all persons supplying <br /> labor/material in the prosecution of the work provided for in said contract, and any and all duly <br /> authorized modifications of said contract that may hereafter be made, notice of which modifications <br /> to the surety being hereby waived, then this obligation to be void; otherwise to remain in full force <br /> and virtue. <br /> IN WITNESS WHEREOF, the above-bounden parties have executed this instrument under <br /> their several seals on the date indicated above, the name and corporate seal of each corporate party <br /> being hereto affixed and these presents duly signed by its undersigned representative, pursuant to <br /> authority of its governing body. <br /> Executed in Three(3) counterparts. <br />