Page 1 of 3 (Rev. 11/16/1998) STATE OF UTAH DEPARTMENT OF COMMERCE DIVISION OF SECURITIES FORM 4-5BI Corporate Indemnity Bond of Issuer State of ) ) ss. County of ) KNOW ALL MEN BY THESE PRESENTS , of County, state of , as Principal, and of County,state of , as Surety, hereby agree as follows: WHEREAS, Surety is a surety corporation duly qualified to do business in the sta te of Utah. WHEREAS, Principal seeks registration of its securities with the State of Utah, Department of Commerce, Division of Securities, ("Division"), under the provisions of the Utah Uniform Securities Act, ("Act"), and Rules of the Division, ("Rules"), promu lgated thereunder. WHEREAS, Principals registration statement is effective for no more than twelve months from the date the Division declares the registration statement effective. WHEREAS, Principal is permitted by the Act and Rules to appoint Agent(s) to of fer to sell or sell securities of Principal which are registered with the Division in t he state of Utah. AND WHEREAS, Principal and Surety do bind themselves, and each of their heirs, assi gns, executors and administrators, jointly and severally, firmly by these pre sents. NOW, THEREFORE, Surety will be liable unto any person having a right of action under Section 61-1-22 of the Act in the sum of TWENTY-FIVE THOUSAND DOLLARS ($25,000) lawful money of the United States of America for the acts or transactions of the Age nt(s) of Principal during the effectiveness of Principals registration statement. American LegalNet, Inc. www.USCourtForms.com>>>> 2Form 4-5BI (Rev.11/16/1998)Page 2 of 3 PROVIDED, ALWAYS, that nothing herein shall be construed to make the total maximum liability hereunder of Surety more than TWENTY-FIVE THOUSAND DOLLARS ($25,000) regardless of the number of acts or transactions of the Agent(s) of Principal. PROVIDED, HOWEVER, if Principal truly reports to the Division the name and residential address of each Agent appointed to offer to sell or sell securities of Principa l, and the Agent(s) so appointed comply fully with the Act and Rules promulgated thereunder, then this o bligation will be void, otherwise it will remain in full force and effect. PROVIDED, FURTHER, that any person having a right of action under Section 61-1-22 of the Act, may initiate action in any court of competent jurisdiction against Principal, or Surety, or both upon this bond. However, no action may be maintained to enforce any liabili ty upon this bond unless brought before the expiration of four years after the act or transaction constituting the violation o r the expiration of two years after the discovery by the plaintiff of the fa cts constituting the violation, whichever expires first. PROVIDED, FURTHER, that before any person may have a right of action against Principal, or Surety, or both upon this bond, and before the right of action exists o r arises, the person must within the period of four years after the act or transaction constituting the violation or the expiration of two years after the discovery by the plaintiff of the facts constitutin g the violation, whichever expires first, give to Surety and Principal written notice of claim upon this b ond. It is hereby stipulated and agreed that the giving of the notice of claim upon this b ond within the period is a condition precedent to a right of action against Principal, or Surety, or both up on this bond. Failure to give notice of claim upon the bond renders the bond void and of no ef fect as to the person. PROVIDED, FURTHER, that either the Principal or the Surety may cancel this bond in its entirety by giving sixty days written notice to the Utah Division of Securities at Salt Lake City, Utah, by registered mail. If this bond is canceled by Surety, it must send a co py of the notice of cancellation by registered mail to Principal. Upon cancellation no further obligation is incurred unde r this bond after sixty days following the date of the mailing of the notice of cance llation. However, the liability of Principal and Surety applies as to acts or transactions of Principals Agent which occurred before the effective date of the cancellation. PROVIDED, FURTHER, the period for which this bond remains in force and effect, unless previously canceled, is the effective period of the registration statement of Prin cipal. At the expiration of the registration statement the bond ceases and terminates as t o future acts and transactions only. American LegalNet, Inc. www.USCourtForms.com>>>> 3Form 4-5BI (Rev.11/16/1998)Page 3 of 3 IN WITNESS WHEREOF, Principal and Surety set their hands and affix their respective seals this day of , . Principal By Its Surety By Its American LegalNet, Inc. www.USCourtForms.com