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OR I q 2 q PG I I 0 0 c Agreement is a mutual covenant of assumption and not a partnership and that the initial parties to this Agreement, individually or collectively, by executing this Agreement, have not and do not assume any liabilities arising out of the operations of the Programs or the cessation of their business, that the initial parties to this Agreement, individually or collectively, by executing this Agreement, have not and do not assume any liabilities arising out of the creation or operation of the Fund, and that the initial parties to this Agreement, individually or collectively, shall only be liable for the obligations of the Programs or the Fund to the extent they specifically covenant to do so'by separate agreement. The Fund hereby agrees to save, hold harmless and indemnify the initial parties to this Agreement, and their officers, employees, and agents, of and from any 'loss, damage or expense incurred by said parties as a result of the said parties I execution of this Agreement. This hold harmless and indemnify provision shall not apply to any liability for the obligations of the Fund assumed by the initial parties to this Agreement pursuant to any separately executed agreement. IN WITNESS WHEREOF, the initial parties to this Agreement have caused these presents to be signed and attested by their duly authorized representatives. /~ -? A~ City of Palatka, Florida by: Tim smith, Mayor Date: o .., " \\ 'j Ii ,1' '. . :,', . ATTEST,:..'.. "::'. C'~"":, ..," 'I "'.\--. ~~~L"K-JL AllenR. Bush city Manager Date: . '611~\q~ city of st Beach, Florida by: Larry Nicholson, Mayor Date: A~A- ,N&"-X,. Royle .'9ity. M~riager .: ..',.nate: ..~\".~-\. \l.:>,\~'~'::l.. .. ...... "/::.-:. = c [ill