Sierra Pacific Industries 8/16/2020

TIMBER SALE PERFORMANCE BOND Bond No. 30132060 KNOW ALL MEN BY THESE PRESENTS: That we, Sierra Pacific Industries of 14343 McFarland Rd, Mt. Vernon, WA 98273 (hereinafter called Principal), as Principal, and The Continental Insurance Company, a corporation organized and doing business under and by virtue of the laws of the State of Pennsylvania and duly licensed for the purpose of making, guaranteeing or becoming sole surety upon bonds or undertakings required or authorized by the laws of the State of Washington, (hereinafter called Surety) are held and firmly bound unto City of Everett, 3200 Cedar Street, Everett WA 98201, (hereinafter called Obligee) in the just and full sum of FIFTY THOUSAND AND NO/100 DOLLARS ($50,000.00), for the payment of which, well and truly to be made, we hereby bind ourselves and each of our successors and assigns, jointly and severally, firmly by these presents. THE CONDITIONS OF THIS OBLIGATION ARE SUCH THAT, WHEREAS, the Principal has, by written agreement dated flu(A)$7 Y,,2 z_k entered into a contract, Timber Sale Contract No. 2021-01 with the Obligee for the removal of certain forest products from located in City of Everett location as described in the above mentioned agreement, a copy of which is by reference made a part hereof; NOW, THEREFORE, the condition of this obligation is such, that if the Principal shall faithfully perform all terms of the timber purchase agreement, and save harmless the Obligee from all loss, cost or damage which he may suffer by reason of failure so to do, then this obligation shall be void; otherwise to remain in full force and effect. PROVIDED FURTHER THAT, Any suit under this bond must be instituted before the expiration of two (2) years from the date of substantial completion of the work to be performed under the agreement. IN WITNESS WHEREOF, said Principal and said Surety have caused these Presents to be duly signed and sealed this 28'h day of July , 2021 Sierra Pacific Industries (Principal) By: The Continental Insurance Company (Surety) By: rista M. L , Attorney-in-Fact Form F5579