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DocuSign Envelope ID: 313DA256 -1EDE- 4396- A716- 4C53B809027E <br />FORM OF BID BOND <br />KNOW ALL MEN BY THESE PRESENTS THAT <br />H.M. Kern Corporation as principal, and <br />Arch Insurance Company _ , as surety, who is duly licensed to act as <br />surety in North Carolina, are held and firmly bound unto Orange County a body politic and a political <br />subdivision of the State of North Carolina through <br />Orange County as obligee, in the penal sum of <br />Five Percent of Amount Bid (5 %) DOLLARS, lawful money of the United States of America, for the <br />payment of which, well and truly to be made, we bind ourselves, our heirs, executors, administrators, <br />successors and assigns, jointly and severally, firmly by these presents. <br />Signed, sealed and dated this 7th day of December 2017 <br />WHEREAS, the said principal is herewith submitting proposal for Jerry M. Passmore Center <br />and the principal desires to file this bid bond in lieu of making Addition & Renovation <br />the cash deposit as required by G.S. 143 -129. <br />NOW, THEREFORE, THE CONDITION OF THE ABOVE OBLIGATION is such, that if <br />the principal shall be awarded the contract for which the bid is submitted and shall execute the <br />contract and give bond for the faithful performance thereof within ten days after the award of same to <br />the principal, then this obligation shall be null and void; but if the principal fails to so execute such <br />contract and give performance bond as required by G.S. 143 -129, the surety shall, upon demand, <br />forthwith pay to the obligee the amount set forth in the first paragraph hereof. Provided further, that <br />the bid may be withdrawn as provided by G.S. 143 -129.1 <br />H.M. Kern Corporation (SEAL) <br />112-1110'- "v� (SEAL) <br />Peter Upchurch, Vice - President <br />(SEAL) <br />Arch Insurance Company (SEAL) <br />By' SEAL <br />} <br />Wendy E. Lahm, Attorney i Fact <br />`y�►�ti t� o I r w r+rrii <br />AA. <br />cio <br />mfr / /��rrrrr�i�ll�l�4f����`�\``. <br />f <br />