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FORM OF BID BOND <br /> <br /> <br /> KNOW ALL MEN BY THESE PRESENTS THAT ________________ <br />__________________________________________________________________ as <br />principal, and _______________________________________________, as surety, who is <br />duly licensed to act as surety in North Carolina, are held and firmly bound unto Orange <br />County, a political subdivision of the State of North Carolina through as obligee, in the <br />penal sum of ___________________________ DOLLARS, lawful money of the United <br />States of America, for the payment of which, well and truly to be made, we bind ourselves, <br />our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by <br />these presents. <br /> Signed, sealed and dated this day of 20 <br /> WHEREAS, the said principal is herewith submitting proposal for <br />and the principal desires to file this bid bond in lieu of making <br />the cash deposit as required by G.S. 143-129. <br /> <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 Provided further, that the bid may be withdrawn as provided by 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 />G.S. 143-129.1 <br /> <br /> <br /> (SEAL) <br /> <br /> (SEAL) <br /> <br /> (SEAL) <br /> <br /> (SEAL) <br /> <br /> (SEAL) <br /> <br /> <br /> <br /> <br /> <br />DocuSign Envelope ID: 89558C18-938A-4BFF-B14A-A2214E8AA5DD