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:�+r " Bond No. 024060053 Premium included in Performance Bond PAYMENT BOND KNOW ALL MEN BY THESE PRESENTS:ThBt 1Ne� Pavement Coatings co. 8s Principal� �fld� The Ohio Casualty Insurance Company ��an�� all� existing un�r the laws of the State of Califomia . and authorized to execute bands and undertaking as sole sur�ty, as Surety, are held and firmly b�ound urito any and all persons named in Califomia Civil Code Section 3181 whose claim h� not been paid by the Contra�ctor, company or carpa�raa�a� in the aggregate total of Four Hundred Sixty-Three Thousand, Five Hundred Sixty-Five Dallars �� 463,565 � t�� 100°i6 of tt�Contract�nount)for the payment whereef, well and truty to be made, said Principal and Sc�ety band themsel�es, their heirs, administrartars, succe�sora, and aasigns, jarrtly and sevet�aNy, firmly by these preser�ts. THE CONDITION OF THE FOREGOING OBUGATI4N IS SUCH tha#, whereas the above with the City of Redwood Cily{"Gity'�to do the foltowing worlc, to-wit: Z0142015 SLURRY SEAL PROJECT NOW, THEREF4RE� if the above-bour�en Principai or his subcorrtractors fail to pay any of the persons named in Section 3181 of the Civil Code of the State af Califamia,or amounts due tmder #he Unempioyment insurance Code with respect to work cx labor p�rtormed under the Co�tract, or for sny amourrts required to be �ducted, withheld, and �aid over to the Empioyment Devefapment Department from the wag�c of employses of the Corrtractor and his suboontr�tor pursuant to Section 13020 of the Unemployment Insurance Code af the Sta�te af Caiifomia, w�th respect to such wo�ic and tabor, the sure#y wifi pay for the same, in the au�nnount not exce�eding the sum spea�ed in this bond. and aiso� in case suit is brought upon this bond. a reasonable attomey's fee, to be fixed by the Court. Thia bond shatl inure ta the benefit of any person named i�Sedion 3181 of the Civit Code of the State aE Califomia so as to give a right of acfion to them or their assignees in suit brought upon this bond. This bond is executed and fited to compiy with the provisians of the act of the legistature of the S#ate of Cslifomia as designated in Civil Code Sections 3247-3252, inclusive, and all amendments thereto. And the said Sureiy, for value received, hereby sdpulates and aprees to waive the provisions of Californi� Civit Code Section 2819 rega�din� aonsertit to char�ge, extension of time alteration, or additi� to the terms cf the Contract� or to the woork to be performed thereunder� or th+e S�cations accompanying the same, shall in any way affed its obi�gstions on this bond; and it does hereby waive notice of any such change, e�ctension of�me, atteradon, or add�ion to the terms af the Contrad, or to the work, or to the Speafica�ons. IN WITNESS WHERE4F, the above bour�en part�es have executed this ins#rumant under their SeSis this latn day pf A°gust ,2A 15 the name a11d Colrpor�tte seal of each corporate party being hereto a�ffaed and #hese presents duly signed by its undersigcted represeMati�re, pursuant to authority of its goveming body. ATTEST: Pavement Coatings Co. Principsi PAYMENT BOND 20142018 SLURRY SEAL PROJECT