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Exhibit C <br />(Page I of 2) <br />State of Colorado <br />Department of Transportation <br />PAYMENT BOND Bond No. <br />KNOW ALL MEN BY THESE PRESENTS, That we Castle Rock Construction Company of Colorado, LLC of the <br />County of Arapahoe, in the State of CO as Principal, and Liberty mutual* of Boston , in the <br />State of Massachusetts as surety, are held and firmly bound into the STATE OF COLORADO, in (lie penal <br />sum ofTWENTY MILLION THREE HUNDRED EIGHTY -SEVEN THOUSAND EIGHT HUNDRED DOLLARS <br />($20,387,800.00), with interest thereon at (lie rate eight of percent (8 %) per annum until paid, in good and lawful <br />money of the United States of America, for the payment whereof, well and truly to be made, we bind ourselves, our <br />and each ofour heirs, administrators, executors, successors and assigns, jointly and severally, firmly by these presents. <br />The condition of the obligation is that the Principal and the State of Colorado acting by and through the Principal <br />Representative have entered into a certain Contract, dated I I J- , for <br />the construction of a project described as Colorado Project No.: IM 0705 -079, located on 1 -70 at SEIBERT- <br />EAST in Kit Carson County(ies) in the State of Colorado. The work consists of CONCRETE <br />OVERLAY AND BRIDGE REHABILITATION; said work of construction to be done according to the <br />requirements of said contract; <br />NOW THEREFORE, if the said Principal shall at all times duly and faithfully discharge its, his or their duties under <br />said contract, and shall duly and faithfully perform all the obligations thereof, and shall and will indemnify and save <br />harmless the State of Colorado, and all persons as provided by the Statutes of the State of Colorado, from any and all <br />damages or loss which the said State of Colorado or any persons as provided by the Statutes of the State of Colorado <br />may or shall suffer by reason of the default of the Principal or anyone acting for trim as sub - contractor or otherwise in <br />the performance of this contract, or by reason of any failure on the part of said Principal, his agents, servants or <br />employees, his sub - contractor or sub- contractors, or any of them, in the performance of said contract or any portion <br />thereof, these presents shall become void, otherwise to be and remain in full force and effect, <br />THE STATE OF COLORADO shall be under no obligation, except as expressly provided by statute, to withhold <br />any sums due the said Principal under the terms of this contract, or to protect in any other way the surety or sureties, <br />claimants or others. <br />*Insurance Company <br />