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ORIGINAL ISSUED IN DUPLICATE <br /> Premium:$1,894.00 <br /> Subject to Change Based <br /> on the Final Contract Price <br /> PERFORMANCE BOND <br /> Bond No.: NWA2877 <br /> The City of Everett has awarded to PrimeCom USA LLC (Principal),a contract for the construction of the project <br /> designated as Chain-Link Fence,Gate&Automated Operator Installation -Forest Park, Project No. 2022-009, in Everett, <br /> Washington(Contract),and said Principal is required to furnish a bond for performance of all obligations under the <br /> Contract. <br /> The Principal,and Merchants National Bonding, Inc. (Surety),a corporation organized under the laws of the <br /> State of Iowa and licensed to do business in the State of Washington as surety and named in the <br /> current list of"Surety Companies Acceptable in Federal Bonds" as published in the Federal Register by the Audit Staff <br /> Bureau of Accounts, U.S.Treasury Dept., are jointly and severally held and firmly bound to the City of Everett in the sum of <br /> Sixty Three Thousand One Hundred Forty Five and 98/100 US Dollars($ 63,145.98 ), <br /> which is the Contract Price,subject to the provisions herein. <br /> This statutory performance bond shall become null and void,if and when the Principal,its heirs,executors,administrators, <br /> successors,or assigns shall well and faithfully perform all of the Principal's obligations under the Contract and fulfill all the <br /> terms and conditions of all duly authorized modifications,additions,and changes to said Contract that may hereafter be <br /> made,at the time and in the manner therein specified;and if such performance 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,and waives notice of any change,extension of time,alteration or addition to the terms of the <br /> Contract or the work performed.The Surety agrees that modifications and changes to the terms and conditions of the <br /> Contract that increase the total amount to be paid the Principal shall automatically increase the obligation of the Surety on <br /> 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' : ly authorized officers.Thi s <br /> bond will only be accepted if it is accompanied by a fully executed and . iginal power of at /' -- for the officer executing on <br /> behalf of the surety. / <br /> PRINC im Com USA LLC SU' : Mercha T ' • Bonding, Inc. <br /> .k.1 aft/ ALA.. . <br /> :2i2 o':oe <br /> Printed Name:_ Soonyeong Essen Lee P/ted Name: James W. Johnson -o- <br /> :z::' :z2 <br /> 2003 ::,c) <br /> Title: President Title: Attorney-in-Fact <br /> Name,address,and telephone number of local office/agent of Surety is: <br /> Performance Bonding Surety& Insurance Brokerage <br /> 15901 Red Hill Avenue, Suite 100, Tustin, California 92780 <br /> (714) 505-7011 <br /> PERFORMANCE BOND APPROVED BY <br /> CITY OF EVERETT,WAS ON ATTEST: A"' IC. niriley <br /> off ce of ne <br /> APPROV'aD AS TO FORM <br /> David C.hall,City Attorney <br /> By: <br /> Cassie Fran 7(1(7° <br /> Mr City Clerk City Attorney //Z a2z- <br /> Date:_ 21- Date: �(D1?i7i Date: C1 <br />