Form Cf 4 - Internet Web Site Operator Surety Bond Form - 2015

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Form CF 4
July 2015
Kentucky Department of Financial Institutions
Securities Division
1025 Capital Center Drive, Suite 200
Frankfort, Kentucky 40601
Tel (502) 573-3390; Fax (502) 573-0184
Website:
INTERNET WEB SITE OPERATOR SURETY BOND FORM
KNOW ALL MEN BY THESE PRESENTS:
that _____________________________ , as Principal, of_______________________________________
(Applicants' Official Name)
(Applicants' Address)
____________________________ City of_______________________, County of _____________________
State of Kentucky, and __________________________________________________________as Surety,
a corporation incorporated under the laws of __________________________, and licensed to transact
business in the State of Kentucky, are held and firmly bound unto the Commissioner, Department of
Financial Institutions, Commonwealth of Kentucky, as Obligee, in the penal sum of fifty thousand dollars
($50,000), the payment of which Principal and Surety jointly and severally bind themselves, their
successors, assigns, heirs, and legal representatives.
This obligation is being entered into because the Principal has made or is about to make
application to the Department of Financial Institutions for a registration to do business as an internet
web site operator in Kentucky pursuant to the provisions of KRS 292.411 and 292.412, the Kentucky
Intrastate Crowdfunding Exemption, as amended, and any regulations or orders promulgated
thereunder.
SECTION ONE
CONDITION OF OBLIGATION
A. If Principal fully complies with the provisions of KRS 292.411 and 292.412 and with all regulations and
orders promulgated thereunder, or if Principal fully satisfies and discharges any judgment or decree
rendered against Principal by a court of competent jurisdiction in a suit brought by any aggrieved person
in which it is found that Principal violated a provision of KRS 292.411 and 292.412, then this obligation
shall be null and void, otherwise the obligation shall remain in full force and effect.
B. In order for liability to attach to Surety, a suit, action, or administrative proceeding to enforce any liability
on this bond must be brought within three (3) years from the date of the act upon which the suit or action is
based.
SECTION TWO
DURATION
This obligation shall run continuously and shall remain in full force and effect until and unless the
bond is terminated and canceled as provided herein or as otherwise provided by law.
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