Contract No. XXXXX Attachment F - Bond

Forms

P A Y M E N T B O N D

BOND NO. PREMIUM

KNOW ALL PERSONS BY THESE PRESENTS, that

WHEREAS, the Governing Board of the County of Sacramento, a political subdivision of the State of California, hereinafter designated as the “Obligee”, has on

[DATE], awarded to [CONTRACTOR], hereinafter designated as the “Principal,” a contract for the Processing of E-Waste Contract No. XXXXX; and

WHEREAS, said Principal is required to furnish a bond in connection and with said contract, providing that if said Principal, or any of its subcontractors, fail to meet the performance of the work contracted to be done, or for any early termination penalty as described in Exhibit C of the Contract, the Surety on this bond will pay the same to the extent hereinafter set forth:

NOW, THEREFORE, we, the Principal, and as Surety, are held and firmly bound unto the Obligee in the penal sum of _____________ lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators and successors, jointly and severally, firmly by these presents.

THE CONDITION OF THIS OBLIGATION IS SUCH that if said Principal, or any of its subcontractors shall fail to pay any of the persons named in Section 9100 of the Civil Code of the State of California, or any amounts due under the Unemployment Insurance Code with respect to such work or labor performed under the contract, or for any amounts required to be deducted, withheld, and paid over to the Employment Development

Department of the State of California, from the wages of employees of the Principal and subcontractors pursuant to Section 13020 of the Unemployment Insurance Code of the

State of California with respect to such work or labor, as required by the provisions of

Section 9550 and following of the Civil Code of the State of California, then said Surety will pay the same in or to an amount not exceeding the amount herein above set forth.

This bond is issued pursuant to Civil Code Sections 9550 through 9566 of the State of California and shall insure to the benefit of any and all persons, companies, and corporation names in Section 9554 of said Civil Code, so as to give a right of action to them or their assigns in any suit brought upon this bond.

The said Surety, for value received, hereby stipulates and agrees that no 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 shall, in any way, affect its obligations on this bond, and it does hereby waive notice of any such change, extension of time, alteration, or addition to the terms of the contract or to the work or to the specifications. Said Surety hereby waives the provisions of Section 2819 and 2845 of the Civil Code of the State of California.

IN WITNESS WHEREOF, the above bounden parties have executed this instrument under their seals this _________ day of ____________________, 20__, the name and corporate seal of each corporate party being hereto affixed and these presents duly signed by its undersigned representative, pursuant to authority of its governing body.

[Contractor] Principal

By ______________________________ Signature for Principal

Title of Signatory

(SEAL) __________________________________

Surety Company

By _______________________________ Signature for Surety

Title of Signatory

The County requires one (1) submitted hardcopy bond bearing original signatures. The signature of the Attorney-in-Fact for the Surety must be acknowledged by a Notary Public. This bond must be accompanied by a current power of attorney appointing such Attorney-in-Fact. (rev20201005)