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7> BondNo. E255581 <br />GREATAMERICAN <br />INSURANCE GROUP <br />KNOW ALL MEN BY THESE PRESENTS, that we, Cates Automotive Group <br />640 W Ireland Rd, South Bend, IN 46614 <br />as principal, and the GREAT AMERICAN INSURANCE COMPANY, a corporation existing under the laws <br />of the State of Ohio, having its Administrative Offic�e at 301 E. Fourth Street, Cincinnati, Ohio, 45202, as surety, <br />are held and firmly bound unto City of South Bend <br />1045 W Sample St, South Bend, IN 46619 <br />as obligee, in the penal sum of Ten percent of total bid amount <br />Dollars ($ lo-- ..-. I . .. .... . .. ........ 1) � , I awful money of the Un ited S tates of America, for the payment of which, <br />well and truly to be made, we bind ourselves, our heirs, executors, administrator, successors and assigns, Jointly <br />and severally, firmly by these presents. <br />SIGNED, scaled and dated this 18th day of April 2018 . <br />WHEREAS, the said principal GateS Automotive Group <br />herewith submitting a proposal for Spec C - one or more 201B or newer full size cargo vans <br />NOW, THEREFORE, the condition of this obligation is such that, if the said principal shall be awarded the <br />said contract, and shall within ( 30 ) days after receiving notice of such award <br />enter into a contract and give bond for the faithful performance of the contract, then this obligation shall be null <br />and void otherwise the principal and surety will pay unto the obligee the difference in money between the <br />,amount of the principal's bid and the amount for which the obligee may legally contract with another party to <br />perform the work, if the latter amount be in excess ofthe former; but in no event shall the liability hereunder <br />,exceed the penal sum hereof. <br />Gates Ai�to-mlot' Group <br />A 4�e-4 GREAT AMERICAN INSURANCE COMPANY <br />pfincipal/' <br />By: <br />G w e n C�-"p b,' I' I , Attorney -in -Fact <br />F.9116 (3/11) <br />