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FORM OF BID BOND <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 the State of <br />North Carolina* through _______________________________________________ as <br />obligee, in the penal sum of ___________________________ 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 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 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 Provided further, that the bid may be withdrawn as provided by 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 /> (SEAL) <br /> (SEAL) <br /> (SEAL) <br /> (SEAL) <br /> (SEAL) <br />Docusign Envelope ID: 52FACC74-DA96-491B-B0B8-04AC3961737D