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IC 1 i �► 1, <br />KNOW ALL MEN BY THESE PRESENTS: <br />That we, <br />High Concrete Group LLC <br />as Principal, (hereinafter called the "Principal"), and Fidelity and Deposit Company of Maryland <br />of the State of Illinois <br />, a corporation duly organized under the laws <br />, as Surety, (hereinafter called the "Surety"), are held and firmly bound unto <br />City of South Bend, Indiana, Board of Public Works <br />as Obligee, (hereinafter called the "Obligee"), in the sum of Five percent of the total amount bid and all add alternates <br />Dollars ($ 5% ), for the payment of which sum well and truly to be made, the said Principal <br />and the said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, <br />firmly by these presents. <br />WHEREAS, the Principal has submitted a bid for <br />Commerce Center Mixed Use Development - Phase 1 Building Core and Shell <br />Architectural Precast Concrete Panels <br />Project No. 119-030 <br />NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a contract <br />with the Obligee in accordance with the terms of such bid and give such bond or bonds as may be specified in the bidding <br />or contract documents with good and sufficient surety for the faithful performance of such contract and for the prompt <br />payment of labor and material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter <br />into such contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the <br />penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith <br />contract with another party to perform the work covered by said bid, then this obligation shall be null and void, otherwise <br />to remain in full force and effect. <br />Signed and sealed this 13th <br />day of August A.D., 2019 <br />High Concrete Group LLC <br />Principal <br />II°rt�re,ti,ti (SEAL,) <br />44 <br />r ! <br />Fidelity and Deposit Coml)an,y of Maryland <br />17 <br />� d .Irr cat)+ <br />Al — <br />By 1 (SEAL) <br />`'arali E. Jordan Witness Benjamin R. Pinkerton � horn Ey-in-Fact <br />Printed in cooperation with the American Institute of Architects (AIA) by Fidelity and Deposit Company of Maryland <br />Fidelity and Deposit Company of Maryland vouches that the language in the document conforms exactly to the language <br />used in AIA Document A-310, February 1970 Edition <br />BID70000ZZ0701 f <br />