Corporate Indemnity Bond Of Broker-Dealer {4-5BBD}

Page 1 of 2 (Rev.11/16/1998) STATE OF UTAH DEPARTMENT OF COMMERCE DIVISION OF SECURITIES FORM 4-5BBD Corporate Indemnity Bond of Broker-Dealer State of Utah ) ) ss. County of ) KNOW ALL MEN BY THESE PRESENTS, That (Broker-Dealer) of the County of , State of ,as PRINCIPAL, and , of the County of ,State of , as surety corporation duly qualified to do business in the State of Utah, as surety, is held and firmly bound unto the State of Utah and/ or any person, firm or corporation interested, in the sum of ONE HUNDRED THOUSAND DOLLARS lawful money of the United States of America for the payment whereof well and truly to be made, we do bind ourselves, our and each of our heirs, assigns, executors and administrators, jointly a nd severally, firmly by these presents. The condition of this obligation is such, that whereas, the Utah Division o f Securities of the State of Utah, under the provisions of the Utah Uniform Securities Act, has l icensed the said principal herein named as a Broker-Dealer in the State of Utah. AND WHEREAS, the said Broker-Dealer is authorized by said Act to appoint Agents to represent and assist said Broker-Dealer in the sale of said securities. NOW, THEREFORE, if the above bounden Principal herein named, shall truly report to the Utah Division of Securities the names and addresses of all agents so appointed and em ployed in the sale of said securities, and said Principal herein named as such Broker-Dealer shall well and truly comply with the provisions of the Utah Uniform Securities Act, and then this obliga tion to be void, otherwise to remain in full force and effect. PROVIDED, HOWEVER, AND UPON THE FOLLOWING EXPRESS CONDITIONS: That every person having a cause of action under Section 61-1-22 UTAH UNIFORM SECURITIES ACT, may initiate suit in any court of competent jurisdiction against the pr incipal and/or the surety upon this bond. No suit may be maintained to enforce any liabil ity on the bond unless brought within the time frame as established in Section 61-1-22(7)(a) of th e Utah Uniform Securities Act. American LegalNet, Inc. www.USCourtForms.com<<<<<<<<<********>>>>>>>>>>>>> 2Form 4-5BBD (Rev. 11/16/1998)Page 2 of 2 PROVIDED, ALWAYS, that nothing herein shall be construed to make the total maximum liability hereunder of the above named principal and/or surety more than ONE HUND RED THOUSAND DOLLARS regardless of the number of acts or transactions of the above n amed principal and/or its agents. PROVIDED, FURTHER, that before any person, firm or corporation shall have any right of action, or any right whatsoever, against the principal and/or the surety upon t his bond, and before any such right of action, or any such right whatsoever shall exist or arise, such person, firm or corporation, within the time frame as established in Section 61-1-22(7)(a) of th e Utah Uniform Securities Act, must have given to the surety and the principal written notice of claim under this bond, and it is hereby stipulated and agreed that the giving of such notice of claim under this bond within said period shall be a condition precedent to any right of action or right whatsoever against the principal and/or surety and the failure to give such notice as aforesaid shall re nder this obligation null and void and of no effect as to such person, firm or corporation. PROVIDED, FURTHER, that either the principal or the surety may cancel this bond as an entirety by giving sixty (60) days written notice to the Utah Division of Securities at Salt Lake City, Utah, and if canceled by the surety, copy of said notice of cancellation shal l be sent by registered mail to the principal hereunder. Said notice to the Utah Division of Securitie s shall also be sent by registered mail. In case of such cancellation by either the principal o r the surety, no further obligation shall be incurred under this bond after the expiration of said sixty days, bu t the liability of the principal and surety shall apply as above set out as to any acts or transactions whic h may have occurred prior to the effective date of such cancellation. The period for which this bond shall remain in force and effect, unless pre viously canceled as here above provided for, shall be from date hereof until December 31, , at the expiration of which time it shall ipso fact cease and terminate as to all future transaction s only. IN WITNESS WHEREOF, the said parties hereunto have set their hands and affixed their respective seals this day of , . (Signature of Principal) By (Title) (Surety) By (Capacity of person signing) (Seal) Attach Statutory Affidavit in this space. American LegalNet, Inc. www.USCourtForms.com