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INDEMNITY AGREEMENT (Municipal/County Liens &Association Assessments) File No: 1807-004 Old Republic National Title Insurance Company: 300907 THIS INDEMNITY AGREEMENT is entered into this 16th day of May, 2016, by Bent Pine Golf Club,Inc.,a Florida not-for-profit corporation ("Indemnitor"). WHEREAS, OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY, either directly or through its agent, Rossway Swan Tierney Barry Lacey & Oliver P.L. (collectively the "Company"), has issued a title insurance commitment(the"Commitment")to insure the property described to wit: See EXHIBIT "A" attached hereto and incorporated herein by reference. NOW THEREFORE, in consideration of the willingness of the Company to issue its title insurance policy(the"Policy") based on the Commitment, Indemnitor agrees as follows: 1. Indemnitor hereby represents to the Company that there are no charges, assessments or liens for the Property which are due and unpaid for the following items: a. Service charges or liens for water, sewer or waste; b. Special assessments in favor of any city or county; and c. Assessments (regular or special) in favor of any homeowners' or condominium association (collectively or individually, a"Lien"). 2. Indemnity. Indemnitor (jointly and severally if more than one Indemnitor) hereby indemnifies the Company and agrees to hold the Company harmless from and against any and all loss, costs, damages, attorneys' fees and expenses of every kind and nature, which the Company may suffer, expend or incur by reason of a Lien, including loss, costs, damages, attorneys' fees, and expenses incurred in actions brought to enforce this Agreement. 3. Indemnitor's Duty to Defend. Indemnitor shall provide for the defense at Indemnitor's expense, on behalf and for the protection of the Company and parties insured or who may become insured (but without prejudice to the right of the Company to defend if it so elects), in all litigation or proceedings in which a Lien is asserted, established or enforced against all or part of the Property, or interest therein. 4. Indemnitor's Duty to Remove Title Defect. Indemnitor agrees to pay, discharge, satisfy or remove any lien within 10 days after receiving written notice from the Company to do so. 5. Company's Authority to Settle. Upon failure of Indemnitor to so act, the Company shall have the right, at any time, when it shall deem it necessary or desirable, in its sole discretion, to pay, discharge, satisfy or remove a Lien from the Property. Indemnitor covenants and agrees to reimburse the Company promptly on demand for amounts so expended. 6. Reliance on Indemnity. Nothing contained herein shall be construed so as to obligate the Company to issue the Policy. However, should the Company issue the Policy, it will do so in reliance upon the undertaking of the Indemnitor set forth herein. 7. Jurisdiction. Indemnitor agrees to submit to the jurisdiction and service of any court of competent jurisdiction. File Number 1807-004 ]Indemnity Agreement i