Surety Bond For Investment Advisers {IA-SB}

COMMONWEALTH OF KENTUCKY DEPARTMENT OF FINANCIAL INSTITUTIONS DIVISION OF SECURITIES SURETY BOND FOR INVESTMENT ADVISERS The parties agree that _________________________________ as Principal, of ____________________________ (address), City of _________________________, County of ____________________________, State of ______________________, and ___________________________________, as Surety, a corporation incorporated under the laws of ________________________, and licensed to transact business in Kentucky, are bound unto the Commissioner of the Department of Financial Institutions, as Obligee, for the benefit of any person in the sum of $____________, the payment of which Principal and Surety jointly and severally bind themselves, their successors, assigns, heirs, and legal representative. SECTION ONE CONDITION OF OBLIGATION 1. Any person may enforce liability on this bond based upon a judgment rendered against Principal by a court of competent jurisdiction in which the court determines that Principal violated a provision of KRS Chapter 292, the Kentucky Securities Act (the "Act"). If Principal fully satisfies any judgment rendered against Principal by a court of competent jurisdiction in which the court determines that Principal violated a provision of the Act, then this obligation is void. 2. In order to for liability to attach to Surety, an action to enforce liability on this bond must be brought within one year from the date of the issuance of the underlying judgment or order against Principal. Version 11-2004 American LegalNet, Inc. www.FormsWorkFlow.com SECTION TWO DURATION This obligation shall remain in effect for one year following the date of its execution unless the bond is terminated as provided in Section Three or as otherwise provided by law. SECTION THREE TERMINATION Surety may terminate its obligation under this bond by giving thirty days written notice to Obligee and to Principal, but such notice shall not effect this agreement with respect to any obligation that may have arisen prior to the receipt of such notice by Obligee. SECTION FOUR EXTENT OF LIABILITY The maximum amount of the liability of Surety by virtue of this obligation shall be $__________. SECTION FIVE RECOVERY OF ATTORNEYS' FEES If any proceedings are brought to enforce the obligations agreed to in this bond, Obligee shall be allowed reasonable attorneys' fees as a court may award. Principal and Surety have executed this bond at _________________________(place of execution) on this ________ day of ____________________, ________. Executed By: ________________________________ Principal _________________________________ Print Name and Title ________________________________ Surety ________________________________ Print Name and Title Version 11-2004 American LegalNet, Inc. www.FormsWorkFlow.com Subscribed, acknowledged, and sworn to before me by the parties on this ________ day of _________________________, __________. State of __________________________ County of ________________________ __________________________________ Notary Public My Commission Expires: ______________ Version 11-2004 American LegalNet, Inc. www.FormsWorkFlow.com