Finance Committee - Agenda - 9/7/2022 - P16
PROVIDED, FURTHER, that it is expressly agreed that this BOND shall be deemed amended automatically and
immediately, without formal and separate amendments hereto, upon amendment to the Contract not increasing the
contract price more than 20 percent, so as to bind the PRINCIPAL and the SURETY to the full and faithful performance of
the Contract as so amended. The term "Amendment", wherever used in this BOND and whether referring to this BOND,
the contract or the loan Documents shall include any alteration, addition, extension or modification of any character
whatsoever.
PROVIDED FURTHER, that no final settlement between the OWNER and the CONTRACTOR shall abridge the right of any
beneficiary hereunder, whose claim may be unsatisfied.
IN WITNESS WHEREOF, this instrument is executed in
counterparts, each one of which shall be deemed an original this day of ,20-
ATTEST:
(PRINCIPAL)
BY:
(Principal) Secretary
BY:
(ADDRESS)
BY:
Witness as to Principal
(ADDRESS)
(SURETY)
ATTEST: BY:
(ATTORNEY in FACT)
BY:
Witness to Surety (ADDRESS)
NOTE: Date of BOND must not be prior to date of Contract.
If CONTRACTOR is partnership, all partners should execute BOND.
IMPORTANT: Surety companies executing BONDS must appear on the Treasury Department's most current list (Circular
570 as amended) and be authorized to transact business in the State of New Hampshire.
Page 6 of 15