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PAYMENT BOND <br /> Bond No. 3O106927 <br /> The City of Everett has awarded to Perimeter Security Group,LLC (Principal),a contract for the construction of the project <br /> designated as High Security Fence—Smith Street,Project No.2020-036R1,in Everett,Washington(Contract),and said <br /> Principal is required under the terms of that Contract to furnish a payment bond in accord with Title 39.08 Revised Code of <br /> Washington(RCW)and(where applicable)60.28 RCW. <br /> The Principal,and Western Surety Company (Surety),a corporation organized under the laws of the <br /> State of South Dakota and licensed to do business in the State of Washington as surety and named in the <br /> current list of"Surety Companies Acceptable in Federal Bonds"as published in the Federal Register by the Audit Staff <br /> Bureau of Accounts,U.S.Treasury Dept.,are jointly and severally held and firmly bound to the City of Everett in the sum of <br /> ***Seventy One Thousand Two Hundred Eighty Six and 32/100*** US Dollars($ 71,286.32 )Total Contract Amount, <br /> subject to the provisions herein. <br /> This statutory payment bond shall become null and void,if and when the Principal,its heirs,executors,administrators, <br /> successors,or assigns shall pay all persons in accordance with RCW Titles 39.08 and 39.12 including all workers,laborers, <br /> mechanics,subcontractors,and material suppliers,and all persons who shall supply such contractor or subcontractor with <br /> provisions and supplies for the carrying on of such work;and if such payment obligations have not been fulfilled,this bond <br /> shall remain in full force and effect. <br /> The Surety for value received agrees that no change,extension of time,alteration or addition to the terms of the Contract, <br /> the specifications accompanying the Contract,or to the work to be performed under the Contract shall in any way affect its <br /> obligation on this bond,except as provided herein,and waives notice of any change,extension of time,alteration or <br /> addition to the terms of the Contract or the work performed.The Surety agrees that modifications and changes to the <br /> terms and conditions of the Contract that increase the total amount to be paid the Principal shall automatically increase the <br /> obligation of the Surety on this bond and notice to Surety is not required for such increased obligation. <br /> This bond may be executed in two(2)original counterparts,and shall be signed by the parties'duly authorized officers.This <br /> bond will only be accepted if it is accompanied by a fully executed and original power of attorney for the officer executing <br /> on behalf of the surety. <br /> PRINCIPAL Perimeter Security Group,LI.0 SURETY We Surety Company <br /> 12/03/2020 <br /> Printed Name: P)r",e41 0.._ .f Printed Name: Shelly Donovan <br /> Title: ()tors,> Title: Attorney In Fact <br /> Name,address,and telephone number of local office/agent of Surety is: <br /> Alliant Insurance Services,Inc. <br /> 818 W.Riverside Ave.,Ste.800 <br /> Spokane,WA 99201 <br /> (509)325-3024 <br />