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DocuSign Envelope ID:07A4359F-6D47-4987-B1F1-BF667ACBB3BA <br /> FORM OF BID BOND <br /> KNOW ALL MEN BY THESE PRESENTS THAT <br /> Moffat Pipe,Inc. as <br /> principal, and Atlantic Specialty Insurance Company as surety, who is <br /> duly licensed to act as surety in North Carolina, are held and firmly bound unto <br /> Orange County ._ _ _ as obligee, <br /> in the penal sum of Five Percent of Amount Bid 5% 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 18th day of January 2024 <br /> WHEREAS, the said principal is herewith submitting proposal for <br /> Orange County Solid Waste Drainage Repairs <br /> and the principal desires to file this bid bond in lieu of making the cash deposit as required <br /> by G.S. 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 Provided further, that the bid may be withdrawn as provided by 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 /> G.S. 143-129.1 <br /> �,00111111lg8% <br /> Moffat Pipe, Inc. a+t*4QF„F,'q.. , AL) <br /> By: SOX <br /> - <br /> } <br /> Jacob 4VKing Chic in8lncl <br /> ,,,,••'(�AL) <br /> T����PFf><1�1 i i 1�11�►''� <br /> YV Ikg"' <br /> (SEAL)Atlantic Specialty Insurance Company <br /> lose . <br /> w,wrc:'r <br /> By: (SEAL) <br /> Mich lie A.Adams Attorney-in-Fact <br /> FORM OF BID BOND <br />