CONTRACTORS BOND

KNOW ALL MEN BY THESE PRESENTS: Whereas, in the Municipality/City of ________________, Philippines, on ______________, I ______________________, Contractor, signed and executed a Building Contract with __________________, for the construction of a building for the said ______________, the specifications, conditions, and details of which are mentioned in said Contract; Whereas, in order to guarantee the fulfillment of said Building Contract, and to better secure the payment of wages of all laborers to be contracted by me pursuant to said Building Contract, and pursuant to Act No. 3959, I hereby agree to put up a bond as I hereby put out a bond in favor of _____________________ in the sum of ____________________, Philippine currency; Wherefore: We ______________ of _______________, as Principal, and _________________ & __________________, as Sureties do hereby jointly and severally bind and obligate ourselves unto the said ___________________ in the sum of _____________________, Philippine currency, for the due and prompt payment of which we hereby bind ourselves. And the condition of this bond is such that if the said Principal shall well and truly perform his obligation under the said Building Contract and shall duly and punctually pay or cause to be paid any and all amounts under and by virtue of said contract, and more particularly those amounts or wages due to the laborers contracted by the Principal in fulfillment of his obligation under the said Building Contract, then this bond shall become null and void and of no further force or effect; OTHERWISE, the bond shall remain in full force and effect and shall be enforceable in the manner and form prescribed by law. IN WITNESS WHEREOF, we have hereunto set our at __________________, Philippines, this __________________ day of ___________________, 200__. ________________________ ________________________ ________________________ (Signature of Principal and Sureties)

SIGNED IN THE PRESENCE OF: _________________________ (Witness) ________________________ (Witness) ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES ) )s.s. x- - - - - - - - - - - - - x At the locality above mentioned, this ___ day of _____________, 200__ personally appeared before me ____________________ with C.T.C. No. ___________ issued at _________________ on ________________, known to me to be the same person who executed the foregoing instrument, which instrument consists of three (3) pages, including this page on which this acknowledgement is written, and he acknowledge to me that the same is his free and voluntary act and deed. WITNESS MY HAND AND SEAL, at the place and on the date written above.

NOTARY PUBLIC Doc. No. _____; Page No. _____; Book No. _____; Series of 200__.