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PB12266800084 POd 461DOOM <br />Routing a: 17- HA2-ZU-Do098 <br />Exhibit C <br />(Page 1 of2) <br />State of Colorado <br />Department of Transportation <br />PAYMENT BOND <br />KNOW ALL MEN BY Taira§elP%F11Aridem§ity at we TRICON 2, LLC of the County of Douglas, in the State of <br />Colorado as Principal, and Insurance Company of Bala Cynwyd , in the State of Pennsylvania <br />as surety, are held and firmly bound unto the STATE OF COLORADO, in the penal sum of FIVE MILLION <br />EIGHTY-FOUR TIIOUSAND FOUR HUNDRED DOLLARS AND ZERO CENTS (55,084,400.00), with interest <br />thereon at the rate eight of percent (8%) per annum until paid, in good and lawful money of the United States of <br />America, for the payment whereof, well and truly to be made, we bind ourselves, our and each of our heirs, <br />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 Co redo acti by and through the Principal <br />Representative have entered into a certain Contract, datedfor <br />the construction of a project described as Colorado Project No: SHE 160A-631, located on SH 160 in Huerfano <br />County in the State of Colorado. The work consists of construction of passing lanes; said work of <br />construction to be done according to the 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 Stale of Colorado <br />may or shall suffer by reason of the default of the Principal or anyone acting for him 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 />Document guilder Generated <br />Rev, 12109/2016 <br />42 <br />Pqc 25 of 33 <br />