CONTRACTOR’S BOND

KNOW ALL MEN BY THESE PRESENTS:

Whereas, in the __________________, Philippines, on ___________, I 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

________________ and ________________, as Sureties 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 said 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 hands at

_______________________________, Philippines, this ____ day of ________________, 2____.

________________________ ________________________

________________________ ________________________

(Signatures of Principals and Sureties)

WITNESSES:

________________________ ________________________

ACKNOWLEDGMENT