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<br />~~:':::.:" <br />i~';~' ::~\ <br />i.........~~" <br />~~~, <br /> <br />SureTec Insurance Company <br /> <br />3033 Fifth Avenue, Suite 300 I San Diego I CA 92103 <br />Phone (800) 288-0351 (619) 400-4100 <br />www.SureTec.com <br /> <br />Sur e'"l'X <br /> <br />Bond No. 4368102 <br />Premium: $2,776.00 <br /> <br />PERMIT BOND <br /> <br />KNOW ALL MEN BY THESE PRESENTS, That we, Nicholson Lamb Venture, LLC, (hereinafter called the <br />Principal), and SureTec Insurance Company, a corporation organized and doing business under and by virtue <br />of the laws of the State of Texas, and duly licensed for the purpose of making, guaranteeing or becoming sole <br />surety upon bonds or undertakings required or authorized by the laws of the State of Texas, as Surety" are <br />held and firmly bound unto City of Redwood City hereinafter called the Obligee, in the penal sum of One <br />hundred thirteen thousand eight hundred two Dollars ($113,802.00), Lawful money of the United States of <br />America to be paid to the said Obligee, for which paYment well and truly to be made, we bind ourselves, our <br />heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. <br /> <br />SIGNED WITH OUR HANDS AND SEALED WITH OUR SEALS this 5th day of February, 2009. <br /> <br />WHEREAS, a license or permit has been granted by the Obligee to the above bounden Principal <br />authorizing him to complete various improvements at 885 Woodside Road Redwood City, California. <br /> <br />NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the Principal <br />shall faithfully observe the provisions of the laws, ordinances, and resolutions, governing the issuance of this <br />license or permit, then this obligation shall be null and void, otherwise to remain in full force and effect. <br /> <br />This bond shall become effective the 5th day of February 2009. <br /> <br />The Surety may cancel this bond at any time by filing with the Obligee 30 day's written notice of its <br />desire to be relieved of liability. The Surety shall not be discharged from any liability already accrued under <br />this bond, or which shall accrue hereunder before the expiration of the 30 day(s) period. <br /> <br />Principal <br /> <br />Surety <br /> <br /> <br />SureTec Insurani comrny <br /> <br />I <br /> <br /> <br />By: <br /> <br />By: <br />