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Bond No.B10014083 <br /> PERFORMANCE BOND <br /> (ANNUAL BOND FOR A MULTI-YEAR CONTRACT) <br /> KNOW ALL PERSONS BY THESE PRESENTS, that STOCKTON MAINTENANCE <br /> GROUP,INC., a Florida corporation with its principal offices at 1975 Sansbury's Way, Suite 116, West <br /> Palm Beach, FL 33411 ("Principal"), and AEGIS SECURITY INSURANCE COMPANY, PO Box <br /> 3153, Harrisburg, PA 17105, a Pennsylvania corporation ("Surety"), are held and firmly bound unto <br /> CITY OF SUNNY ISLES BEACH, 18070 Collins Avenue, Sunny Isles Beach, FL 33160 ("Obligee"), <br /> in the aggregate penal sum of ONE HUNDRED EIGHTEEN THOUSAND THIRTY SIX & 921100 <br /> DOLLARS ($118,036.92), the payment of which Principal and Surety jointly and severally bind <br /> themselves,their representatives and successors,by these presents. <br /> RECITALS <br /> WHEREAS, Principal has entered into a certain Landscape Maintenance Services Agreement <br /> with Obligee, dated August 15, 2008 ("Contract") and contemplating Principal's performance of its <br /> obligations under the Contract from August 15, 2008, through August 15, 2017, with such as extensions <br /> as may be permitted under the terms of the Contract; <br /> AND WHEREAS, Obligee has agreed to accept surety bonds guarantying Principal's <br /> performance under the Contract for bond terms of one(1)year. <br /> PART A: PRINCIPAL'S PERFORMANCE OBLIGATION <br /> NOW, THEREFORE, if Principal shall faithfully perform all of the work described in the <br /> Contract, during the term of this bond, and shall save Obligee harmless from all costs and charges that <br /> may accrue on account of the performance of the work specified in the Contract,then this obligation shall <br /> be null and void;OTHERWISE,IT SHALL REMAIN IN FULL FORCE AND EFFECT. <br /> Page 1 of 3 ®2002 Goldleaf Financial,Ltd. <br />