BONUS PROJECT

JOROBALEM COSAM

BID BOND

KNOW ALL PERSONS BY THESE PRESENTS: That we, the undersigned

__________________________________________________________________, as principal, and

_______________________________________________, as surety, who is duly licensed to act as

surety in the State of Alabama are held and firmly bound unto the JOROBALEM COSAM in the

penal sum of ________________________________________DOLLARS ($__________________)

which equals ten percent of the amount of bid, lawful money of the United States of America, for the

payment of which, well and truly to be made, we bind ourselves, our heirs, executors, administrators,

successors and assigns, jointly and severally, firmly by these present.

Signed, sealed and dated this _____ day of _____20 ___

WHEREAS, the said principal is herewith submitting proposal for and the principal desires to file

this bid bond in lieu of making the cash deposit as required by G.S. 143-129.

NOW, THEREFORE, THE CONDITION OF THE ABOVE OBLIGATION is such, that if the principal shall be awarded the contract for which the bid is submitted and shall execute the contract and give bond for the faithful performance thereof within ten days after the award of same to the principal, then this obligation shall be null and void; but if the principal fails to so execute such contract and give performance bond as required by G.S. 143-129, the surety shall, upon demand, forthwith pay to the obligee the amount set forth in the first paragraph hereof. Provided further, that the bid may be withdrawn as provided by G.S. 143-129.1

PRINCIPAL SIGNATURE________________

WITNESS_____________________________________________SIGNATURE________________

TITLE_____________________

SURETY______________________________________________SIGNATURE_______________