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KNOW ALL MEN BY THESE PRESENTS, that we JCI Jones Chemicals, Inc. <br />1765 RinglingIv. Sarasota, FL 34236 <br />as Principal, hereinafter called the Principal, and Federal Insurance Company <br />202B Halls Mill Road Whitehouse Station, NJ 08889 <br />a corporation duly organized under the laws of the State of I <br />Surety, hereinafter called the Surety, are held and firmly bound unto City of South Bend <br />as Obligee, hereinafter called the Obligee, in the sum of Ten Percent of Amount Bid <br />Dollars <br />( 10% }, for the payment of which sum well and truly to be made, the said <br />Principal and the said Surety, bind ourselves, ourheirs, executors, administrators, successors and <br />assigns, jointly and severally, firmly be these presents. <br />WHEREAS, the Principal has submitted a bid for Water Treatment Chemicals 2020-2024 <br />NOW, THEREFORE, if the Obligee shall aceeptthe bid of the Principal, the Principal shall <br />enter into a Contract with the Obligee in accordance with the terms of such bid. In the event of <br />the failure of the Principal to enter such Contract, the Principal shall pay to the Obligee the <br />difference not to exceed the penalty hereof between the amount specified in said bid and such <br />larger amount for which the Obligee may in good faith contract with another party to perform the <br />Work covered by said bid, then this obligation shall be null and void, otherwise to remain in full <br />force and effect. <br />SIGNED AND SEALED THIS 14th day of April , 2020 <br />�JCI Jones Checals, I <br />W <br />Federal Insurance Camp <br />Sharon A. Foull: Attorney -in -Fact <br />