OREGON CONTRACTORS LICENSE BOND APPLICATION

1 OREGON CONTRACTORS LICENSE bond APPLICATIONNOTE: Roofing and Swimming Pool CONTRACTORS are separately underwritten. Those applicants must complete our APPLICATION ATS-1010, attach Business and Personal Financial Statements and have our branch office review the #AMOUNT$REQUESTED EFFECTIVE DATETYPE OF BONDINDIVIDUALPARTNERSHIPNAME (MUST BE EXACTLY AS IT IS TO APPEAR ON bond )CITYSTATEZIPBUSINESS ADDRESSBUSINESS PHONE NUMBERCONTRACTOR S REGISTRATION NUMBERDATE STARTED( )PERSONAL INFORMATIONNAMEHOME ADDRESSRELATIONSHIPTO APPLICANTOWNERPARTNEROFFICER/STOCKHOLDER MEMBER/MANAGERCITYSTATEZIPHOME PHONEDRIVER S LICENSE SECURITY NO.

2 ( )SPOUSE S NAMESPOUSE S SOCIAL SECURITY OWNER, PARTNER OR MEMBER AS REQUIREDP lease answer each of the following:1. If currently or previously bonded, are there any open or paid claims against any bonds? Yes No2. Do you have any accounts placed for collection, unpaid judgements, liens, or past due payables against you? Yes No3. Have you had a bankruptcy, business or personal, in the last ten years? Yes No4. Is this a Disciplinary bond ? Yes NoONLY CONTRACTORS WITH ACCEPTABLE CREDIT AND NO PAID CONTRACTORS LICENSE bond LOSSES CREDIT REPORTING ACT NOTICEIMPORTANT: READ & SIGN REVERSE SIDE INDEMNIFICATIONPERSONALINFORMATIONMUST BECOMPLETEDBY APPLICANT, PARTNERS,CORPORATEOWNER/OFFICERSAND MEMBERS/MANAGERS OFLIMITED LIABILITY ADDITIONAL APPLICATIONIF MORETHAN IS ANAPPLICATION FORA bond .

3 A BONDIS A bond IS NOT ANINSURANCE APPLICANT(PRINCIPAL)AND INDEMNITORSARE JOINTLYAND SEVERALLYRESPONSIBLEFOR THEOBLIGATIONSCOVERED BYTHE bond ANDTHE CONDITIONSOF THEINDEMNITYAGREEMENTCONTAINEDIN OR (REV. 05/19)Landscape:Residential:Commercial:T erm of bond :$3,000 Limited - $10,000 Specialty Level 1 - $50,000 General Level 1 - $75,0001 Year 2 Years 3 Years$10,000 Specialty - $15,000 Specialty Level 2 - $20,000 General Level 2 - $20,000$15,000 General - $20,000 Developer - $20,000 Developer - $20,000 CORPORATIONLIMITED LIABILITY CO.**ALL APPLICANTS ARE SUBJECT TO CREDIT REVIEW**Fair Credit Reporting Act Notice: In making this APPLICATION for surety, it is understood that an investigative consumer report may be prepared whereby pertinent information concerning Applicant s character, reputation, personal characteristics and mode of living may be obtained.

4 Information as to the nature and scope of this report may be obtained upon written OF OWNERSNON OWNER/GUARANTORPERCENTAGE OF OWNERSHIPNAMEHOME ADDRESSRELATIONSHIPTO APPLICANTOWNERPARTNEROFFICER/STOCKHOLDER MEMBER/MANAGERCITYSTATEZIPHOME PHONEDRIVER S LICENSE SECURITY NO.( )SPOUSE S NAMESPOUSE S SOCIAL SECURITY OWNER/GUARANTORPERCENTAGE OF OWNERSHIP**TAX NUMBEROWNRENTOWNRENT**PAGE 1 of 3 Liberty Mutual Surety17771 Cowan, Suite 100 l Irvine, California 92614 l (949) 263-3300 and each of the other undersigned (collectively Indemnitors ) affirm that the statements in the foregoing APPLICATION are true and are made to induce Developers Surety and Indemnity Company, Indemnity Company of California, CorePointe Insurance Company and/or Wesco Insurance Company (hereinafter Surety )

5 To issue any and all bond or bonds (collectively bond ), including any extensions, renewals, modifications or substitutions of or additions to the bond . Each Indemnitor further affirms that he, she or it understands that a bond is a credit relationship, and authorizes Surety or its authorized agent, Insco Insurance Services, Inc., to gather the information it considers necessary and appropriate to evaluate fully reimburse Surety and indemnify it against all liability, loss, claims, demands, attorney s fees, costs and expenses of every kind andnature which Surety incurs or for which it may become liable as a consequence of issuing the bond (collectively Loss )

6 , regardless of whether the Surety has actually received a claim or paid any pay Surety the initial, fully earned, premium and all subsequent renewals, extensions, or modifications until there is no further liability underthe may, at its sole discretion, deny, pay, compromise, defend or appeal any claim or suit against the bond . An itemized statement of orsworn voucher from the Surety attesting to the Loss shall be prima facie evidence of the Surety shall be entitled to cash collateral for attorney s fees, legal expenses and other elements of actual or potential Loss in the amountthe Surety deems appropriate, immediately upon receipt of any claim.

7 Surety also reserves the right to demand additional collateral at any time until all claims have been fully resolved. Upon demand, Indemnitors shall immediately provide Surety with acceptable collateral whether or not Surety has yet made a payment or otherwise incurred a Loss. Surety may retain the collateral until all actual and potential claims against the bond are exonerated and all Loss is fully money and other proceeds of the obligations covered by the bond ( Obligation ) are received by Principal in trust for the benefit of Suretyfor the sole purpose of performing the Obligation until the Surety s liability is completely secure Indemnitors duties and obligations to Surety, Indemnitors, upon Surety s declaration of principals default, assign to Surety allrights and title to and interest in all amounts due under the Obligation and under all other bonded and unbonded contracts; all agreements, notes, accounts or accounts receivable in which Indemnitors have any interest.

8 And all subcontracts under the Indemnitor irrevocably appoints Surety or its designee as his, her or its attorney-in-fact with the right and power, but not the obligation, toexercise all of the rights assigned to Surety under this Agreement and to make, execute and deliver any and all additional contracts, instruments, assignments, documents or papers (including, but not limited to, the endorsement of checks or other instruments payable to Principal or any Indemnitor representing payment of Obligation monies) deemed necessary and proper by Surety in order to give full effect to the intent and meaning of the assignments or rights contained herein.

9 It is expressly agreed that this power-of-attorney is coupled with the interest of Surety in receiving the indemnification from Indemnitors. Indemnitors hereby ratify all acts by Surety or its designee as may freely access, examine and copy Indemnitors books, records, credit reports and accounts ( Records ). Indemnitors authorize thirdparties in possession of the Records to furnish to Surety any information requested in connection with any Indemnitor agrees he, she or it is bound to every obligation in this Agreement regardless of (a) whether the principal fails to sign a bond ;(b) the existence, release, return, exchange or viability of or failure to obtain collateral or security securing Indemnitors duties and obligations under this Agreement; (c) the identity of any other Indemnitor; (d) whether or not any other Indemnitor is bound.

10 Or (e) the failure of any other person or entity to sign this expressly waive notice of any claim or demand against the bond or information provided to the Surety. Surety shall have the rightto decline issuance of any or all bonds and may cancel, withdraw or procure its release from the bond or any bond at any time, without incurring liability to facsimile, photocopy, electronic or optical reproduction of this Agreement shall be admissible in a court of law with the same force as Agreement is a continuing obligation of the Principal and Indemnitors and may only be terminated with written notice to the Surety sent toits Home Office in Irvine California.