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AMERICAN CONTRACTORS INDEMNITY COMPANY BOND NO. 11~04~ CONTRACT BOND-CALIFORNIA PAYMENT BOND KNOW ALL MEN BY THESE 1~1~1~31~1~13, THAT WE, J.W. RILEY & SON INC. ~ND THE ANERICAN CONTRACTORS INDENNITY COMPANY A CORPORATION ORC4~NIZED AND EXISTING UNDER THE LAWS OF THE STATE OF CALIFORNIA, AS SURETY, ARE HELD AND FIRMLY BOUND UNTO CITY OF REDWOOD CITY IN THE SUN OF THREE HUNDRED SEVENTEEN THOUSAND ONLY *** DOLI~d~S($31?,O00.O0), FOR THE PAYMENT WHEREOF, WELL AND TRULY TO BE MADE, SAID PRINCIPAL AND SURETY BIND THEMSELVES, THEIR HEIRS, ADMINISTRATORS, SUCCESSORS AND ASSIGNS, JOINTLY AND SEVERALLY, FIRMLY BY THESE PRESENTS. THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH, THAT WHEREAS, THE ABOVE-BONDED PRINCIPAL HAS ENTERED INTO A CONTRACT, DATED 4TH DAY OF APRIL, 20 00, WITH THE OBLIGEE TO DO AND PERFORM THE FOLLOWING WORK, TO-WIT; 1999-2000 TREE PRESERVATION AND SIDEWALK REPAIR PROGRAM THIS BOND SHALL NOT EXCEED THREE HUNDRED SEVENTEEN THOUSAND DOLLARS AND 00/CENTS****** ($317,000.00'*) NOW, THEREFORE, IF THE ABOVE-BONDED PRINCIPAL OR HIS SUBCONTRACTORS FAIL 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 OF LABOR PERFORMED BY ANY SUCH CLAIMANT, OF ANY AMOUNTS REQUIRED TO BE DEDUCTED, WITHHELD AND PAID OVER TO THE FRANCHISE TAX BOARD FROM THE WAGES OF EMPLOYEES OF THE PRINCIPAL OF HIS SUB-CONTRACTORS PURSUANT TO SECTION 18806 OF THE REVENUE AND TAYJ~TION CODE, WITH RESPECT TO SUCH WORK AND LABOR, SURETY WILL PAY FOR THE SAME, IN AN AMOUNT NOT EXCEEDING THE AMOUNT 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 AND ALL PERSONS, COMPANIES OR CORPORATIONS ENTITLED TO FILE CLAIMS UNDER SECTION 3181 OF THE CIVIL CODE OF THE STATE OF CALIFORNIA, SO AS TO GIVE A RIGHT OF ACTION TO THEM OR THEIR ASSIGNS IN ANY SUIT BROUGHT UPON THIS BOND. SIGNED, SEALED AND DATED THIS 4TH DAY OF APRIL , 20 00 J.W. RILEY & SO~L INC. PRINCIPAL BY: / /~.,.,RIC_J~'q/~2ONTRACTORS INDEMNITY COI~J~'Y c~ pJlk BROKERAGE, INC. / [ 1737 No. First Street, Suite 200 ! ~l San Jose, CA 95112 / mSO~OKE~OFlSSm"A[~ (408) 452-4644 F.~X (408) 452-464~I