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PO#:461001190 <br /> Routing#:19-HA4-ZG-00058 <br /> Exhibit C <br /> (Pagel of 2) <br /> State of Colorado <br /> Department of Transportation <br /> Bond No.906004952 <br /> PAYMENT BOND <br /> KNOW ALL MEN BY THESE PRESENTS,That we CASTLE ROCK CONST CO OF COLO LLC of the County <br /> of Arapahoe,in the State of Colorado as Principal,and Liberty Mutual Insurance Company of Boston ,in the State <br /> of Massachusetts as surety,are held and firmly bound unto the STATE OF COLORADO,in the penal sum <br /> of FORTY FIVE MILLION SIX HUNDRED EIGHTY THOUSAND FOUR HUNDRED DOLLARS AND ZERO <br /> CENTS ($45,680,400.00),with interest thereon at the rate eight of percent(8%)per annum until paid, in good and <br /> lawful money of the United States of America,for the payment whereof,well and truly to be made,we bind ourselves, <br /> our and each of our heirs, administrators, executors, successors and assigns,jointly and severally, firmly by these <br /> 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 a a, �O g for <br /> the construction of a project described as Colorado Project No: NHPP 0705-082,located on 1-70 ARRIBA in <br /> Kit Carson County in the State of Colorado. The work consists of CONCRETE OVERLAY; said <br /> work of 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 /> damagep 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 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 Builder Generated Page 26 of 33 <br /> Rev. 12/09/2016 <br />