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0 1M/1 Document A310 TM - 2010 Bid Bond CONTRACTOR: SURETY: (Name, legal status and address) (Name, legal status and principal place of business) Nlesser Construction Co. Travelers Casualty and Surety ADDITIONS AND DELETIONS: 4201 Stuart Andrew Blvd. Company of America The author of this document has Suite B Construction Services,Travelers Bond added information needed for its completion.The author may also Charlotte,NC 28217 &Financial Products have revised the text of the original One Tower Square AIA standard form.An Additions and Hartford,CT 06183 Deletions Report that notes added OWNER: information as well as revisions to the (Name, legal status and address) standard form text is available from the author and should be reviewed.A Cabarrus County vertical line in the left margin of this 65 Church Street document indicates where the author Concord,NC has added necessary information and where the author has added to or BOND AMOUNT:$Five Percent(5%)of the bid amount******************* deleted from the original AIA text. PROJECT: This document has important legal (Name.. location or address, and Project number; if any) consequences.Consultation with an attorney is encouraged with respect Cabarrus County Parking Deck at to Concord,North Carolina its completion or modification. Any singular reference to Contractor, Surety,Owner or other party shall be The Contractor and Surety are bound to the Owner in the amount set forth above,for the considered plural where applicable. payment of which the Contractor and Surety bind themselves,their heirs,executors, administrators,successors and assigns,jointly and severally,as provided herein.The conditions of this Bond are such that if the Owner accepts the bid of the Contractor within the time specified in the bid documents,or within such time period as may be agreed to by the Owner and Contractor,and the Contractor either(1)enters into a contract with the Owner in accordance with the terms of such bid,and gives such bond or bonds as may be specified in the bidding or Contract Documents,with a surety admitted in the jurisdiction of the Project and otherwise acceptable to the Owner,for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof, or(2)pays to the Owner the difference,not to exceed the amount of this Bond, between the amount specified in said bid and such larger amount for which the Owner may in good faith contract with another party to perform the work covered by said bid,then this obligation shall be null and void,otherwise to remain in full force and effect.The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which the owner may accept the bid.Waiver of notice by the Surety shall not apply to any extension exceeding sixty(60)days in the aggregate beyond the time for acceptance of bids specified in the bid documents,and the Owner and Contractor shall obtain the Surety's consent for an extension beyond sixty(60)days. If this Bond is issued in connection with a subcontractor's bid to a Contractor,the term Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor. When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project,any provision in this Bond conflicting with said statutory or Init. AIA Document A310' —2010.Copyright®1963,1970 and 2010 by The American Institute of Architects.All rights reserved.WARNING:This AIA®Document Is protected by U.S.Copyright taw and International Treaties.Unauthorized reproduction or distribution of this AIAs Document,or any portion of it, may result in severe civil and criminal penalties,and will be prosecuted to the maximum extent possible under the law.This document was produced by / AIA software at 09:53:19 on 10/0212D17 under Order No.3610839384 1 which expires on 11/29/2017,and is not for resale. User Notes: Ayjgnj Number 3\n G-7 Page 161