Exhibit Q - FL-40 - Performance Bond.pdf

This is a Standard Form 25 Performance Bond template authorized for use with Fermi Forward Discovery Group, LLC contracts. The form serves as a surety bond instrument to guarantee that a principal contractor will perform and fulfill all terms, conditions, covenants, and agreements of a federal contract during the original term, any extensions granted, and the life of any required warranty period. The bond protects the United States government and Fermi Forward Discovery Group, LLC by ensuring contract performance through financial penalties if the principal fails to meet contractual obligations.

The form accommodates multiple types of principals (individuals, partnerships, joint ventures, or corporations) and allows for various surety arrangements, including individual sureties, corporate sureties, and co-surety arrangements. The penal sum (face value) of the bond and bond premium are to be specified by the parties involved. The document includes signature blocks for the principal and up to five corporate or individual sureties, with requirements for corporate seals and proper authorization documentation. Corporations acting as sureties must be listed on the Department of the Treasury's approved sureties list and operate within their stated liability limits. Individual sureties must provide completed Affidavits of Individual Surety (Standard Form 28). The form references 41 USC Chapter 31, Subchapter III regarding federal taxes on construction contracts, and carries an OMB control number 9000-0001 with an estimated one-hour completion burden.