Furthermore, in exchange for the right to participate in the Pensacola Grand Mardi Gras Parade (the "Parade"), the undersigned, a duly authorized representative of an organization participating in the Parade (the "Organization") agree that I have read and agree with the, 2027 Rules and Regulations and will indemnify and hold harmless the City of Pensacola, Pensacola Mardi Gras, Inc. and related entities, all agents, employees and volunteers of said organizations from any claim or expense of whatever kind or nature arising out of activities as a parade participant of the undersigned Organization and any of its representatives or individual participants. This indemnification and hold harmless agreement shall be governed in all respects under the laws of the State of Florida.