STIPULATION AND ORDER TO STAY CASE AS AGAINST AMERICAN CONTRACTORS INDEMNITY COMPANY

GLORIA M. NAVARRO, District Judge.

IT IS HEREBY STIPULATED AND AGREED between Plaintiff THE BOARD OF TRUSTEES OF THE SOUTHERN NEVADA GLAZIERS AND FABRICATORS PENSION TRUST FUND ("Plaintiff" or "Trust") and Defendant AMERICAN CONTRACTORS INDEMNITY COMPANY ("Defendant" or "ACIC"), as follows:

1. ACIC acknowledges that it was served with a copy of the Summons and Complaint in this action on October 26, 2015;

2. By agreement with the Plaintiff, ACIC has not yet filed an answer, responsive pleading, or otherwise appeared in this action;

3. ACIC acknowledges that a Judgment by Confession ("Judgment") will be entered against its bond principal, Heinaman Contract Glazing, Inc., in favor of the Plaintiff;

4. ACIC also acknowledges that Plaintiff has agreed to stay enforcement and execution on the Judgment for a period of time, pursuant to the terms of the Judgment ("Execution Stay");

5. The claims against ACIC shall be stayed for a period equal to the Execution Stay and ACIC shall have no obligation to appear, answer or otherwise respond to the Complaint while the Execution Stay is in effect;

6. ACIC reserves all rights, claims, and defenses in this action.

7. Plaintiff will provide ACIC with Notice in the event that the Execution Stay expires or is otherwise lifted; and

8. ACIC shall have twenty one (21) days to file an answer or other response to the Complaint following Notice from the Plaintiff that the Execution Stay has expired or has been otherwise lifted.

ORDER

Good cause appearing, IT IS SO ORDERED.