Chapter 12 - EXHIBIT 12K • P3 LABOR AND MATERIAL PAYMENT BOND FORM

• Jurisdiction: Colorado

EXHIBIT 12K • P3 LABOR AND MATERIAL PAYMENT BOND FORM

P3 LABOR AND MATERIAL PAYMENT BOND FORM

KNOW ALL BY THESE PRESENTS:

THAT WHEREAS, The Department of Transportation ("Obligee") has awarded and entered into a Public-Private Agreement ("Agreement") with Sample P3 Joint Venture ("Principal") for a project known as Public-Private Transportation Facilities ("Project") to design, build, finance, operate, and maintain the Project through a public-private partnership;

AND WHEREAS, it is one of the conditions of the Agreement that this Labor and Material Payment Bond be executed;

NOW THEREFORE, We the undersigned Principal, Sample Surety Company ("Surety") [identify Co-sureties if applicable] are firmly bound and held unto Obligee, in the penal sum of ($__________) Dollars, good and lawful money of the United States of America for the payment whereof, well and truly to be paid to Obligee; we bind ourselves, our heirs, successors, executors, administrators, and assigns, jointly and severally, firmly by these presents.

NOW THEREFORE, THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH THAT:

1. If Principal shall comply with all requirements of the law and pay all just claims for labor performed and materials and supplies furnished upon or for the Work under the Agreement (as the term "Work" is defined in the Agreement), whether said labor be performed and said materials and supplies be furnished under the original Agreement, any contract or subcontract, or any and all duly authorized modifications thereto, then these presents shall become null and void; otherwise they...