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BID BOND WESTCHESTER FIRE INSURANCE COMPANY <br />KNOW ALL MEN BY THESE PRESENTS, That we, <br />Pencco, Inc (hereinafter called the Principal), as <br />Principal, and WESTCHESTER FIRE INSURANCE COMPANY, a corporation duly organized under the laws of the <br />Commonwealth of Pennsylvania (hereinafter called the Surety), as Surety, are held and firmly bound unto <br />Obligee), <br />(hereinafter called the <br />in the sum of Ten Percent of Amount Bid Dollars <br />for the payment of which we, the said Principal and the said Surety, bind ourselves, our heirs, executors, <br />administrators, successors and assigns, jointly and severally, firmly by these presents. <br />WHEREAS, the Principal has submitted a bid, dated March 22 2016 for <br />Supply and delivery of fluorosilicic acid <br />NOW, THEREFORE, THE CONDITION OF THE OBLIGATION IS SUCH, that if the Obligee shall accept the bid of the Principal <br />and the Principal shall enter into a contract with the Obligee in accordance with such bid and give bond with good and sufficient <br />surety for the faithful performance of such contract, or in the event of the failure of the Principal to enter into such contract and give <br />such bond, if the Principal shall pay to the Obligee the difference, not to exceed the penalty hereof, between the amount specified <br />in said bid and the amount for which the Obligee may legally contract with another party to perform'the work covered by said bid, if <br />the latter amount be in excess of the former, then this obligation shall be null and void, otherwise to remain in full force and effect. <br />This obligation expires sixty (60) days from the effective date of the bid. <br />Signed and sealed this 22nd day of March 2016 <br />&.' uK.a �J Lip <br />Pencco, Inc <br />j Princlp <br />By: —(SEAL) <br />WEST HES�R FIRE IWWNCE COMPANY <br />Bv' , r EAL) <br />Harold Miller Jr. Attorney -in -Fact <br />