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Exhibit D <br />FORM OF WARRANTY BOND <br />(SUBDIVISION) <br />WHEREAS, the City of Redwood City ("City"), County of San Mateo, State of <br />California, and , (hereinafter designated <br />as "Principal") have entered into a Subdivision Improvement Agreement dated <br />20_ ("Agreement"), the terms and conditions of which are <br />incorporated herein by reference, whereby Principal agrees to install and complete <br />certain designated public improvements for the following project: <br />515 Cleveland Street Subdivision <br />WHEREAS, said Principal is required under the terms of said Agreement to <br />provide a warranty security. <br />NOW, THEREFORE, we, the Principal and of <br />organized and existing under the laws of the State of <br />duly licensed to transact surety business in the State of California and <br />authorized to execute bonds and undertaking as sole surety, as Surety, are hereby held <br />and firmly bound unto the City in the amount of Dollars <br />($ ), for the payment of which sum well and truly to be made, we bind ourselves, <br />our heirs, successors, executors and administrators, jointly and severally, firmly by <br />these presents.. <br />THE CONDITION OF THIS OBLIGATION IS SUCH THAT, if principal (or its <br />heirs, executors, administrators, successors, or assigns approved by the City) performs <br />the covenants, conditions, and obligations of the warranty requirements of Section <br />13.1(c) of the Agreement, including the obligation to indemnify, defend, and hold <br />harmless the City, set forth in Section 17, then this obligation shall become null and <br />void; otherwise it shall be and remain in full force and effect. <br />The Surety's obligation under this bond shall hold good for a period of one (1) year from <br />the date of the City's acceptance of said work. <br />The Surety's obligation under this bond shall arise after the City has provided written <br />notice to the Surety, at the address set forth below, of the Principal's default under the <br />Agreement, and the Principal's failure to cure the default in accordance with the terms <br />of the Agreement. <br />The Surety hereby agrees, for value received, that its obligations under this bond shall <br />in no way be impaired or modified by any modification to the Agreement by the City and <br />the Principal, and the Surety hereby waives notice of any such modification. <br />ATTY/AGR/2019.192/515 CLEVELAND — IMPROVEMENT AGREEMENT <br />REV: 07-25-19 DZ <br />Page 19 of 20 <br />