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ORIGINAL ISSUED IN DUPLICATE Premium Included in Cost <br /> of the Performance Bond <br /> PAYMENT 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 under the terms of that Contract to furnish a payment bond in accord <br /> with Title 39.08 Revised Code of Washington(RCW)and(where applicable)60.28 RCW. <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 Bureau <br /> 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 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 shall pay the taxes,increases,and penalties incurred on the <br /> project;and if such payment obligations have not been fulfilled,this bond 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 addition <br /> to the terms of the Contract or the work performed.The Surety agrees that modifications and changes to the terms and <br /> conditions of the Contract that increase the total amount to be paid the Principal shall automatically increase the obligation <br /> 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 or inal power of attorne r the officer executing on <br /> behalf of the surety. <br /> PRI eCom USA LLC SU T : Merch i a onding, Inc. <br /> �A�10Nq�A <br /> PO <br /> rz;2 -0- :1\o? <br /> Printed Name: Soonyeong Essen Lee Pri ted Name: Jam W. Johnson :zE <br /> •x% 2003 c); <br /> �. te: <br /> Title: President Title: Attorney-in-Fact '•.w•• ;;.:�:a'.••' <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 /> PAYMENT BOND APPRP ED BY <br /> CITY OF EVERE , ! AS GTON ATTEST: APP4OVED,AS-TO-F A4:-- <br /> a UT1 ce 31 cF:e City Attorney <br /> APPROVED As TO FORM <br /> By: (17.7 David C.Hall,City Attorney. <br /> Cassie a lin,pilayor City Cle City Attorney <br /> Date: ZiZ Date: /27i Date: LS/y/P02Z— <br />