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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 /> as <br /> principal, and , as surety, who <br /> is duly licensed to act as surety in North Carolina, are held and firmly bound unto Orange <br /> County as obligee, in the penal sum of DOLLARS, <br /> lawful money of the United States of America, for the payment of which, well and truly to be <br /> made, we bind ourselves, our heirs, executors, administrators, successors and assigns, <br /> jointly and severally, firmly by 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 /> 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 <br /> after 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 <br /> in the first paragraph hereof. Provided further, that the bid may be withdrawn as provided <br /> by G.S. 143-129.1 <br /> (SEAL) <br /> (SEAL) <br /> (SEAL) <br /> (SEAL) <br /> (SEAL) <br />