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HOME OFFICE AUSTIN OFFICE <br />2100 FLEUR DRIVE <br />DES MOINES, IOWA 50321-1158 MERCHANTS P. O. BOX 26720 <br />(515) 243-8171 -- AUSTIN, TEXAS 78755-0720 <br />512 343-9033 <br />FAX (515) 243-3854 BONDING COMPANY FAX (512) 343-8363 <br />BOND <br />(CONTINUOUS) <br />Bond No. WA31623 <br />KNOW ALL PERSONS BY THESE PRESENTS: <br />That we, SAND AND SAGE SPORTS CAR CLUB <br />of BENTON CITY , State of _ WASHINGTON , as Principal, <br />and MERCHANTS BONDING COMPANY (Mutual), a corporation duly licensed to do business in the State of <br />WASHINGTON as Surety, are held and firmly bound unto <br />KITTITAS COUNTY <br />sum of FIVE THOUSAND DOLLARS <br />Obligee, in the penal <br />(S51000.00 } <br />THE CONDITION OF THE ABOVE OBLIGATION IS SUCH, that whereas, the Principal has been licensed <br />or permitted FOR SPORTS CAR RACING EVENT AT BOWERS FIELD AIRPORT <br />by the Obligee. <br />NOW THEREFORE, if the Principal shall faithfully perform the duties and in all things comply with the laws <br />and ordinances, including all Amendments, appertaining to the license or permit applied for, then this obligation <br />to be void, otherwise to remain in full force and effect for a period commencing on the FIRST day of <br />MAY _ 2012 , and ending upon cancellation by the Surety as specified herein. <br />This bond may be terminated at any time by the Surety upon sending notice in writing to the Obligee and to the <br />Principal, in care of the Obligee or at such other address as the Surety deems reasonable, and at the expiration of <br />thirty-five (35) days from the mailing of notice or as soon thereafter as permitted by applicable law, whichever is later, <br />this bond shall ipso facto terminate and the surety shall thereupon be relieved from any liability for any subsequent <br />acts or omissions of the Principal. <br />No right of action shall accrue on this bond to or for the use of any person or corporation other than Obligee <br />named herein. In no event shall the aggregate liability of the Surety for any and all claims to one or more <br />claimants exceed the bond penalty. <br />Dated this _ 18TH day of APRIL 20 12 <br />Countersigned (if required) <br />Bye - <br />MERCH .S BONDI O COMPANY (Mutual) <br />By <br />MSC 1132 (6/09) CAMERON HUNTSUCKER, ATTORNEY-IN-FACT <br />Principal <br />