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5 <br /> FORM OF BID BOND <br /> KNOW ALL MEN BY THESE PRESENTS THAT <br /> Hamlett Associates Inc. as <br /> principal, and The Cincinnati Insurance Company , as surety, who is <br /> duly licensed to act as surety in North Carolina, are held and firmly bound unto Orange <br /> Couty a body politic and a political subdivision of the State of North Carolina through <br /> Orange County Government Finance and Administration Dept.Purchasing Division as obligee, in the penal sum of <br /> Five Percent of Amount Bid --(5%) DOLLARS, lawful money of the United States Of <br /> America, for the payment of which, well and truly to be made, we bind ourselves, our heirs, <br /> executors, administrators, successors and assigns, jointly and severally, firmly by these <br /> presents. <br /> Signed, sealed and dated this 7 day of August2024 <br /> WHEREAS, the said principal is herewith submitting proposal for Orange County, NC -Motor Pool <br /> and the principal desires to file this bid bond in lieu of making and Maintenance Shop <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 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 Provided further, that the bid may be withdrawn as provided by 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 /> Hamlett Associates Inc. (SEAL) <br /> (SEAL) <br /> The Cincinnati Insurance Company (SEAL) <br /> SEAL) <br /> Jennifer Underhill,Attorney-in-Fact (SEAL) <br />