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Execubed In Duplicate Bond Number: 0482372 Premium Included In Performance Bond SECTION 00620 PAYMENT BOND KNOW ALL MEN BY THESE PRESENTS: That we, CEM Builders, Inc. dba Tucker Engineering as Principal, and) International Fidelity Insurance Company organized and existing under the Jaws of the State of ~ New Jersey , -and authorized to execute bonds and undertaking as soja surety,. as Surety, are held and firmly bound unto any and all persons named in California Civil Code Section 3181 whose claim has not been paid by the font~ctqrt d c:PPfMa~ fir fc?rporation in "the aggregate total _ of Er~htUUundredlg:t*tv::~i~ ggrt~rR ;mn 3S/1ooDolJars ($661,866.35----) (being 100% of the COntract amount) for the payment whereof, wen and truly to be made,said Principal and Surety bond themselves, their heirs, administrators, successors, and assigns, iointly and severally, firmly by these presents. THE CONDITION OF THE FOREGOING OBUGATlON IS sucl-t that, whereas the above with the City of Redwood City ("City") to dO the fOllowing work, to-wit: REDWOOD SHORES LEVEE IMPROVEMENT PROJECT NOW, THEREFORE, if the ab9ve..boun~en Principal or his subcontractors fan to pay any of the persons named in Section 3181 of the Civil Code of the State of California, or amounts due under the Unemployment Insurance Code with respect to work or labor performed under the Contract, or for any amounts required to be deducted, withheJd, and paid over to the Employment Development Department from the wages of employees of the Contractor and his subcontractor pursuant to Section 13020 of the Unemployment Insurance Code of the State of California, with respect to such work and labor. the surety will pay for the same, in the amount not exceeding the sum specified in this bond, and also, in case suit is brought upon this bond, a reasonable attorney's fee, to be fixed by the Court. This bond shall inure to the benefit of any person named in Section 3181 of the Civil Code of the State of California so as to give a right of action to them or their assignees in suit brought upon thIs bond. This bond is executed and filed to comply with the provisions of the act of the Legislature of the State of California as designated tn CiVitCode Sectlcos 3247-3252, inclusive, and all amendments thereto, And the said Surety, for value received, hereby stipulates and agrees to waive the provisions of California Civil Gode Section 2819 regarding consent to change, extension of time alteration. or addition to the terms of the Contract; or to the work to be performed thereunder~ or the Specifications accompanying -the same,shallln any way affect its obligations on this. bond; and it does hereby waive not)ce of any such change. extension of time) alteration, or addition to the terms of the Contract, or to the work, or to the Specifications. IN WITNESS WHEREOF, the above bounden parties have executed this instrument under their seals this 3 Othday of November- ,20~ the name and corporate seal of PAYMENT BONO 00620-1