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THE AMERICAN INSTITUTE OF ARCHITECTS .r ORIGINAL AIA Document A310 BID BOND KNOW ALL MEN BY THESE PRESENTS, that we Sports Turf One, Inc. as Principal, hereinafter called the Principal, and Developers Surety and Indemnity Company a corporation duly organized under the laws of the State of Iowa as Surety, hereinafter called the Surety, are held and firmly bound unto City of Sunny Isles Beach, 18070 Collins Avenue, Sunny Isles, Florida 33160 as Obligee, hereinafter called the Obligee, in the sum of- FIVE PERCENT(5%) OF PROPOSED BID- Dollars ($ —5%–),for the payment of which sum well and truly to be made, the said Principal and the Surety, bind ourselves, our heirs, executors, administrators, successors and assigns,jointly and severally, firmly by these presents. WHEREAS, the Principal has submitted a bid for Gwen Margolis and Pelican Community Parks, Project No. 12-10-03 NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Obligee 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. Signed and sealed this it day of December, 2012. Sports Turf One, Inc. (Sea° fitness) (Title) De •loners S• etv an. •demnity Company • (W.ness) . .ura D ' .sholder, Attorney-in-Fact& Florida Resident Agent Inquiries: 407 330 3990 - Printed in cooperation with the American Institute of Architects(AIA(by CANFBD.CANF&D vouches that the language in this document oo domhs exactly to the language used in AIA Document A310 Bid Bond-Alq February 1970 ED-THE AMERICAN INSTITUTE OF ARCHITECTS,1735 NEW YORK AVE..N.W.,WASHINGTON,D.C. 20006.