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<br />PAYMENT BOND
<br />KNOW ALL MEN BY THESE PRESENTS: That we, Sonic Telecom, LLC, as Principal, and,
<br />[NAME OF SURETY BOND PROVIDER].organized and existing under the laws of the State
<br />of [STATE OF SURETY BOND PROVIDER'S INCORPORATION/FORMATION]
<br />and
<br />authorized to execute bonds and undertaking as sole surety, as Surety, are held and firmly bound
<br />unto the City and all contractors, subcontractors, laborers, materialmen, and other persons
<br />employed in the performance of work under the Agreement and Associated permits who are
<br />referred to in Title 3 (commencing with Section 9000) of Part 6 of Division 4 of the Civil Code of
<br />the State of California whose claim has not been paid in the aggregate total of Two Hundred
<br />Thousand Dollars ($200,000) (being 100% of the amount required by Section 4.1(b) of the
<br />Agreement (as defined below)) for the payment whereof, well and truly to be made, said Principal
<br />and Surety bond themselves, their heirs, administrators, successors, and assigns, jointly and
<br />severally, firmly by these presents.
<br />THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH that, whereas the above
<br />Principal and the City of Redwood City, California ("City") have entered into that certain
<br />Encroachment Agreement dated , 20_ ("Agreement") pursuant to
<br />which Principal may apply for one of more Encroachment Permits ("Associated Permits") to
<br />perform certain work in the City's right-of-way, which work will be performed subject to the terms
<br />of the Agreement and any Associated Permit;
<br />NOW, THEREFORE, if the above -bounden Principal or his subcontractors fail to pay any of the
<br />persons named in Title 3 (commencing with Section 9000) of Part 6 of Division 4 of the Civil Code
<br />of the State of California, or amounts due under the Unemployment Insurance Code with respect
<br />to work or labor performed under the Agreement and any Associated Permits, or for any
<br />amounts required to be deducted, withheld, and paid over to the Employment Development
<br />Department pursuant to Section 13020 of the Unemployment Insurance Code of the State of
<br />California, with respect to such work and labor, the surety will pay for the same, in the amount
<br />not exceeding the sum specified in this bond, and also, in case suit is brought upon this bond, a
<br />reasonable attorney's fee, to be fixed by the Court.
<br />This bond shall inure to the benefit of any person entitled to file claims under Title 3 (commencing
<br />with Section 9000) of Part 6 of Division 4 of the Civil Code of the State of California of the Civil
<br />Code of the State of California so as to give a right of action to them or their assignees in suit
<br />brought upon this bond.
<br />This bond is executed and filed to comply with the provisions of the act of the Legislature of the
<br />State of California as designated in Civil Code Sections 9550-9566, inclusive, and all
<br />amendments thereto.
<br />And the said Surety, for value received, hereby stipulates and agrees to waive the provisions of
<br />California Civil Code Section 2819 regarding consent to change, extension of time alteration, or
<br />addition to the terms of the Permit, or to the work to be performed thereunder, or the
<br />specifications accompanying the same, and the effect of any such change, extension of time,
<br />REV: 07-09-2020 PR
<br />ATTY/AGR.2020 122/Sonic Telecom, LLC (Page 18 of 19)
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