Les Form Si-11 - Indemnity Agreement (Page 2 of 2) in pdf

Les Form Si-11 - Indemnity Agreement Page 2

2. The members of the Group do jointly and severally covenant and agree that they will pay any

such award as would otherwise be a claim against the aforesaid surety bond or securities as

soon as the same shall become payable under the laws of the State of Florida, and the Group

agrees to pay the Division , for the administration of the law, such assessments as may be

ordered by said Division in accordance with Sections 440.29, 440.49 and 440.51, Florida

Statutes.

3. The parties intent this agreement as mutual covenant of assumption and not as a partnership, but

should any court of competent jurisdiction construe same to be a partnership, then it is the

intention of the parties that such partnership is limited in scope to the uses for which this

contract is executed and no other.

IN WITNESS WHEREOF, the parties to this instrument have hereunto set their hands and seals and

the corporations have caused this instrument to be signed in their corporate names and their seals

affixed hereto the day and year first above written.

Signed, sealed and delivered in the presence of:

By:

LES Form SI-11 (Rev. 09/96)

Page 2 of 2

Les Form Si-11 - Indemnity Agreement Page 2