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PERFORMANCE BOND <br /> Bond No.: SURU2210001601 <br /> The City of Everett has awarded to Specialized Pavement Marking,LLC (Principal),a contract for the construction of the project designated <br /> as 2023 Citywide Pavement Markings, Project No. 2023-028,in Everett,Washington(Contract),and said Principal is required to furnish a <br /> bond for performance of all obligations under the Contract. <br /> The Principal,and Ascot Surety&Casualty Company (Surety),a corporation organized under the laws of the State of <br /> Colorado and licensed to do business in the State of Washington as surety and named in the current list of"Surety <br /> Companies Acceptable in Federal Bonds"as published in the Federal Register by the Audit Staff Bureau of Accounts, U.S.Treasury Dept., <br /> are jointly and severally held and firmly bound to the City of Everett in the sum of Two Hundred Eleven Thousand Nine Hundred Ninety Four end 00/100 US <br /> Dollars($ 211,994.00 ),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,successors,or <br /> assigns shall well and faithfully perform all of the Principal's obligations under the Contract and fulfill all the terms and conditions of all <br /> duly authorized modifications,additions, and changes to said Contract that may hereafter be made,at the time and in the manner <br /> therein specified;and if such performance obligations have not been fulfilled,this bond shall remain in full force and effect. <br /> The Surety agrees to indemnify,defend,and protect the City of Everett against any claim of direct or indirect loss resulting from the <br /> failure of the Principal, its heirs,executors, administrators,successors,or assigns(or any of the employees,subcontractors,or lower-tier <br /> subcontractors of the Principal)to faithfully perform the Contract. <br /> The Surety for value received agrees that no change,extension of time,alteration,or addition to the terms of the Contract,the <br /> specifications accompanying the Contract,or to the work to be performed under the Contract shall in any way affect its obligation on <br /> this bond,and waives notice of any change,extension of time,alteration or addition to the terms of the Contract or the work <br /> performed.The Surety agrees that modifications and changes to the terms and conditions of the Contract that increase the total <br /> amount to be paid the Principal shall automatically increase the obligation of the Surety on this bond,and notice to Surety is not <br /> 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 bond will <br /> only be accepted if it is accompanied by a fully executed and original power of attorney for the officer executing on behalf of the surety. <br /> The Surety agrees to be bound by the laws of the state of Washington and subjected to the jurisdiction of the state of Washington. <br /> Signed and Sealed this 18th day of May, 2023. <br /> PRINCIPAL Specialized Pavement MarkingiLLC SURETY Ascot Surety&Casualty Company <br /> By: By: <br /> Printed Name: !r'AV k niI Printed Name: Nick Patetta <br /> Title: f .ILL)I �L Title: Attorney-In-Fact <br /> Local Office/Agent of Surety: <br /> STANDARD RONO FORM Name: Lockton Companies <br /> OFFICE OF THE CITY ATTORNEY <br /> APPROVED AS TO FORM Address:3657 Briarpark Dr.,Ste.700, Houston,TX 77042 <br /> APPROVED AS TO CITY CHARTER§4.1 <br /> Phone Number: 713-458-5200 <br /> Email: npatetta@lockton.com <br />