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P~IUM IN( :Lb-D--ED IN PImP, FOrCE BOND SECTION 00202 I PAYMENT BOND KNOW ALL MEN BY THESE PRESENTS: That we, SPOS :TO ENGINEE~ IN¢, TNC. as Principal, and, FIRST NATIONAL INSURANCE COMPANY O] A,~fl~,~!CA organized and ex/sting under the laws of the State of California WASHINGTON arid at thorized to execute bar, ds and undertaking as sole surety, as Surety, are 'held and 1truly bound unto any and all persons named in California Civil Code Sec ion 3181 who~ ~e daim has ~/[ .b99__n_.p_ajd_by_the Contra~orLcoml~anv or corporation in the a mt)ale total of lOO% of he Con,ract amou.t),or the Pament truly to be made, said Principal and Surely bond themselves, tteir heirs, ad ninistrators, successors, and assigns, jointly and severally, firmly by these presents. THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH that, ~nareas the above with the City of Redwood City ~'City") to do the followin~ 2002-2003 COST SNARED SIDEWALK REPAJR PROJECT NOW, THEREFORE, if the above-bounden Principal or his =ubcontractors fail to pay any of the persons named in Section 3181 of the Civil Code ¢ the State of C alifomla, or amounts due under the Unemployment Insurance Code wil~ respect Io w( rk or labor performed under the Contract, or for any amounts required :o be deducte~ r, withheld, and paid over to the Employment Development Departr ~ent from the wages of employees of the Conlractor and his subcontractor pumuan ~. to Section 13 D20 of the Unemployment Insurance Code of the State of California, wft~ respect to suc i work and labor, the surety will pay for the same in the amount not exce ~ing the sum = ~pecified in this bond. and also, n case suit is brought upon this bond, a °easonable att¢ ney's fee, to be fixed by the Court. This bond shall inure to the benefit of any person named in Section 3181 ~f the Civil Code of the State of California so as to give a right of action ~ them or their!assignees in suit brought upon this bond. This bond is executed and filed to cernpty with the provisions of the ~ct of the Legislature of the State of California as designated in Civi Oode Sections 3247-3252, inclusive, and all amendments thereto. And the said Surety, for value received, hereby stipulates and agrees to Waive Ihe provisions of Cafifomia Civil Code Section 2819 regarding car ;ant to change, iextension al' time altaration, or addition to the terms of Ihe Contract, or t¢ the work to be performed thereunder, or the Specifications accompani, ing the same. Jail in any wayi affect its obligations on this bond; and it does hereby waive notice of a, y such change, extension of time,'altaration, or addition to the terms of the Contmc or to the work, ior to the Specifications. PAYMENT BOND 00202~1