20120144 Ver 2_DWR signed Bond 2015_20150810

PERFORMANCE BOND Travelers Casualty and Surety Company of America
One Tower Square, Hartford, CT 06183
Bond No.106287502
KNOW ALL MEN BY THESE PRESENTS, that we, Wildlands Hoidinas 11, LLC, Charlotte. NC as Principal, and
Travelers Casualty and Surety Comoanv of America, licensed to do business in the State of, North Carolina as
Surety, are held and firmly bound unto North Carolina Department of Environment and Natural Resources — Division
of Water Resources (Obligee), in the penal sum of One Hundred Fiftv Thousand & no /100
Dollars (S 150.000.00 ), lawful money of the United States of America, for the payment of which sum, well and truly to
be made, the Principal and Surety do bind themselves, their heirs, executors, administrators, and successors and
assigns, jointly and severally, firmly by these presents.
THE CONDITION OF THIS OBLIGATION IS SUCH, that whereas the above bounden Principal has entered into certain
written Agreement with the above named Obligee, effective the 2 day of April. 2015, for Carawav Creek Bank
Parcel — WEI Neuse 01 Rioarian Buffer & Nutrient Umbrella Mitigation Bank located in a rural watershed within
the Neuse River Basin in the State of North Carolina. United States Geological Survev I "USGS "1 Hvdrolonic Unit
Code 03020201 and within sub -basin 03 -04 -12 and more fully described in said Agreement, a copy of which is
attached, which Agreement is made a part hereof and incorporated herein by reference, except that nothing said therein
shall alter, enlarge, expand or otherwise modify the term of the bond as set out below.
NOW, THEREFORE, if Principal, its executors, administrators, successors and assigns shall promptly and faithfully
perform the Contract, according to the terms, stipulations or conditions thereof, then this obligation shall become null and
void, otherwise to remain in full force and effect. This bond is executed by the Surety and accepted by the Obligee
subject to the following express condition:
Notwithstanding the provisions of the Agreement, this bond will commence on the date of approval of the Caraway Creek
Bank Parcel Development Plan and will terminate upon approval of As -Built Report by the North Carolina Department of
Environment and Natural Resources, but may be extended by the Surety at its sole option by Continuation Certificate.
However, neither nonrenewal by the Surety, nor the failure or inability of the Principal to file a replacement bond in the
event of nonrenewal, shall itself constitute a loss to the Obligee recoverable under this bond or any renewal or
continuation thereof. The liability of the Surety under this bond and all Continuation Certificates issued in connection
therewith shall not be cumulative and shall in no event exceed the amount as set forth in this bond or in any additions,
riders, or endorsements properly issued by the Surety as supplements thereto.
Sealed with our seals and dated this 17 day of July. 2015.
i s
'v
Witness
Agreed aPd acknowledged this _]D r y of , 2015
By:QN� U
S -5025 (08 -99)
a Obligee
INC.
Travelers Casualtv and Surety Comoan of America
be L A may
4309 Emperor Blvd., Suite 300
Durham, NC 27703