WHEREAS, the Indemnitors have a substantial, material and beneficial interest in the obtaining of said bond(s),
NOW, THEREFORE, for and in consideration of the Company's issuance of the bond(s) and for other good and valuable consideration, the Indemnitors, for themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, hereby covenant and agree with the Company, its successors and assigns, as follows: To completely indemnify the Company from and against any liability, loss, costs, attorneys fees and expenses, whatsoever which the Company shall at any time sustain because of the Company's having issued a surety bond pursuant to this application or regarding any other bond issued for the Principal or any of the Indemnitors, or for the enforcement of this indemnity Agreement. 2.Upon demand by the Company for any reason whatsoever, to deposit cash funds with the Company in an amount sufficient to satisfy any claim against the Company on any of said bonds. 3.That the Company shall have the right to handle or settle any claim or suit regarding any of said bonds and may settle any claim or suit within its own discretion. An itemized statement of loss, including costs, attorneys fees, and expenses incurred by the Company, sworn to by an officer of the Company, shall be prima facie evidence of the fact and extent of the liability of the undersigned to the Company. 4.That the Company may decline to become surety on any bond and may cancel or amend any of said bonds without cause and without any liability which might arise therefrom. 5.That the Company shall, without notice, have the right to alter the penalty, terms and conditions of any of said bonds issued for the Principal or any of the Indemnitors and this Indemnity Agreement shall continue to apply to any such altered bond. 6. That the obligee on the bond shall be the State that issues the license or permit to the Principal. 7.That each of the undersigned waives the execution of this Indemnity Agreement and any of said bond(s) by the Principal. 8.That this Indemnity Agreement continues in full force and effect as to any of said bonds issued or made by the Company for the Principal or any of the Indemnitors, irrespective of any renewals of any of said bonds, any new or additional applications for bonds, or any other dealings between the Principal or the Indemnitors and the Company. 9. That this Indemnity Agreement may be canceled as to subsequent liability by any Indemnitor upon written notice to the Company at P. O. Box 17344, Jonesboro, Arkansas, 72403, effective ten (10) days after the earliest date thereafter upon which the Company could have canceled all bonds in force for any of the Indemnitors.