Concessionaire Bond This and Replaces Argonaut and#SUR0062899 Effective 1111123
and Nm SUR0053677
LEASWCONCESSIONAIM BOND
KNOW ALL MEN BY THESE PRESENTS,THAT WE
The I iartr C'nirnomfinn
(Hereinafter called Principal),as Principal and A--
a Corporation organized and existing under the laws of IL (hereinafter called"Surety"as Surety,are held and
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firmly bound unto Board of County Commissioners of Monroe County
................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
(fliereinafter called"(5 imce"I.as Obliace,in the ocnal sum of
One Hundred Fifty-four Thousand Two Hundred Ninety-seven&001100($154,297.00) Dollars,
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g'nod and lawful money of the United States of America,to be paid to the Obligee,for t he payment of which,well and truly to be made,
we bind ourselves,our heirs,administrators,executors,successors and assigns,jointly and severally,firmly by these presents.
WHEREAS,the said Principal has entered into a(Lease)or(Concessionaire)Agreement,effective the 151 day of
....................................J.22.u..af.y....................................... ..........2.2.23 With the Obligee,for the use of the property as described in the articles of the(Lease)or
.......................... ........-—
(Concessionaire)Agreement and On-Airport Rental Car Concession Agreement-Key West International Airport,Key West,FL
WHEREAS,Section.............................................................3..:ii.).............................................................. of said(Lease)or(Concessionaire)Agreement requires Principal to obtain a
,Surety and guaranteeing payment by the Principal of the yearly rent due during the initial to of the(Lease)or(Concessionaire)
Agrecment with the total amount of the initial bond being in the amount of
One Hundred Fifty-four Thousand Two Hundred Ninety seven&001100($154,297.00)
...................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Dollars..
NOW,THEREFORE THE CO OF THIS OBLIGATION IS SUCH,that if the Co-Principals shall faithfully make all
(Lease)or(Concessionaire)payments referenced in said(Lease)or(Concessionaire)Agreement to the Obligee,then this obligation
shall be void,otherwise to remain in full force and effect.
PROVIDED,HOWEVER,T14AT 11-11S BOND IS EXECUTED BY THE CO-PRINCIPALS AND SUR=AND
ACCEPTED BY THE OBLIGEE SUBJECT TO THE FOLLOWING EXPRESS CONDITIONS:
I.ne to of this bond shall be from January 1,2023 to December 31,2023
but it may be extended at the option of the Surety by execution of continuation certificates for such additional periods of time
and amounts given as expressly agreed to and approved by all parties.
2.Regardless of the number of years this bond shall continue in force and of the number of premiums that shall be payable or paid,
the surety shall not be liable hereunder to the Obligee for a lager amount in the aggregate than the penal sum herein.
3.That in the case of default,the Obligee will give written notice to the surety within 10 ten days thereafter.
4.No assignment shall be effective without the written consent of the surety.
5.The surety may cancel this bond at any time by giving the Obligee thirty(30)days written notice of its desire to be relieved of
liability.It is understood that the Surety shall not be discharged of any liability already accrued prior to the effective
date of cancellation.
6.All suits,actions on this bond must be brought within thirty(30)days of the termination of the(Lease)or
(Concessionaire)Agreement or Bond,whichever shall occur first.
IN WITNESS WHEREOF,said Co-Ptincipals and Surety have caused these presents to be executed in their names and by their
seals to be hereunder affixed on is Ah day of January 2023
PRINCIPAL: The Hertz Corporation
By: ,,, 2 ts, ,
Argonaut q9tirance C ipany
By.
Leslie M.Palterso Attorney In Fact
LPM5510OZZ0702f
Argonaut Insurance Company Number- St7R005M. X't
Deliveries Only: 225 W. Washington,
Chicago, 24th Floor
United States Postal Service: ' San Antonio, TX 78246
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS: That the Argonaut Insurance Company,a Corporation duly organized and existing under c laws of the State
of Illinois and having its principal office in the County ofCook,Illinois d hereby nominate,consGtu and appoint: i rrert�,rp�;
Leslie M.Patterson
Their true and lawful agents)and attorney(s)-in-fact,each in theirs tc capacity if more than one is named v�; tre t,c,execute,seal and deliver for
and on its behalf as surety,and as its act and deed any and all bonds,contracts,aIgnuments.ofindemnity inbs in suretyship provided,
however,that the penal sutra of an one such instrument executed hereunder shall not exceed the sumo: I
y
'Ms Power of Attorney is granted and is signed and scaled under and by the authority of the f l n solution adopted by the Board of Directors of
Argonaut Insurance Company: '10)11d
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"RESOLVED,That the President,Senior Vice President,Vice President,Assistant Vice � 1,' dcretary,Treasurer and each of them hereby is
authorized to execute powers of attorney,and such authority can be executed by of fa ile'rsignature,which may be attested or acknowledged by any
officer or attorney,of the Company,qualifying the attorney or attorneys name tl givca wer or attorney,to execute in behalf of,and acknowledge as
e act and deed of the Argonaut Insurance Company,all bond undcrtakin tracts orsuretyship,and to affix the corporate I thereto."
IN WITNESS WHEREOF,Argonaut Insurance Company has caused it tficia cal to be hereunto tiffixed and these presents to be signed by its duly
authorized officer on the 19th day ofNovcmbcT,2021, r� 0' Argonaut Insurance Company
ORA
-fie �.�o�
10,�'h' fi(�a m = .
�� 1948 by:
STATE E OF TEXAS
0 � UUUNt U I (I M1NI� 24 s ( E°Grose President
1 p/gyp' >,'grm��"
UUBbA '� "°l� beabaa...
COUNTY OF S SS: rirlyJl�ij;� "iUkAIUPgj��(j�
On this 191h day of November,20" be me,a Notary Public of the State of Texas,in and for the County of Harris,duly commissioned and
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qualifscd,came THE ABOVE CI,I C IE COMPANY,to me personally known to be the individual and officer described in,and who executed the
preceding instrument,and he ae 9 edged the execution ofsame,and being by me duly sworn,deposed and said that he is the officer of the said Company
aforesaid,and that the s aan ti to,'e preceding instrument is the Corporate Seal of said Company,and the said Corporate Seal and his signature as
officer were duly affixe nd s scribed to the said instrument by the authority and direction of the said corporation,and that Resolution adopted by the
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Board of Direcu l� ° o- yb rcfermd to in the preceding instrument is now in force,
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IN TES O�i EOF,I have hereunto set my hand,and affixed my Official Seal at the County of Harris,the day and year first above written„
ayi y iff ,.
(Notary Public)
I,the undcr3igned Officer ofthc Argonaut Insurance Company,Illinois Corporation,do hereby certify that the original POWER OF ATTORNEY of which
the foregoing is a full,true and correct copy is still in full force and cffcct and has not been nuked,
y p Y Atli y January.............................:. ' �' .IN WITNESS Uc"III;RI.OI`,I have hereunto set ias heard,and affixed,the Seal of sand Com asro, ,on the day of
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®aa Austin W.King, Secretary
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IF YOU HAVE QUESTIONS ON AUTHENTICITY F THIS DOCUMENT CALL(833)820-9137.