<SEC-DOCUMENT>0000079282-13-000015.txt : 20130708
<SEC-HEADER>0000079282-13-000015.hdr.sgml : 20130708
<ACCEPTANCE-DATETIME>20130708170923
ACCESSION NUMBER:		0000079282-13-000015
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20130701
ITEM INFORMATION:		Completion of Acquisition or Disposition of Assets
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20130708
DATE AS OF CHANGE:		20130708

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BROWN & BROWN INC
		CENTRAL INDEX KEY:			0000079282
		STANDARD INDUSTRIAL CLASSIFICATION:	INSURANCE AGENTS BROKERS & SERVICES [6411]
		IRS NUMBER:				590864469
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13619
		FILM NUMBER:		13958006

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 1348
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33601
		BUSINESS PHONE:		8132224182

	MAIL ADDRESS:	
		STREET 1:		PO BOX 1348
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33601

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	POE & BROWN INC
		DATE OF NAME CHANGE:	19930827

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	POE & ASSOCIATES INC
		DATE OF NAME CHANGE:	19920703
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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<HR SIZE="2" NOSHADE ALIGN="CENTER" STYLE="width: 15%; color: black">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<HR SIZE="2" NOSHADE ALIGN="CENTER" STYLE="width: 15%; color: black">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pursuant to Section&nbsp;13 or 15(d) of the</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Date of Report (date of earliest event reported):
July 1, 2013</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Brown &amp; Brown, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Exact Name of Registrant as Specified in
its Charter)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<HR SIZE="2" NOSHADE ALIGN="CENTER" STYLE="width: 15%; color: black">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-size: 10pt"><B>Florida</B></FONT></TD>
    <TD STYLE="width: 33%; text-align: center"><FONT STYLE="font-size: 10pt"><B>001-13619</B></FONT></TD>
    <TD STYLE="width: 33%; text-align: center"><FONT STYLE="font-size: 10pt"><B>59-0864469</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><B>(State or Incorporation)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><B>(Commission File Number)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><B>(I.R.S. Employer Identification Number)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>220 South Ridgewood Avenue, Daytona Beach,
Florida 32114</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of principal executive offices) (Zip
code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Registrant's telephone number, including area
code:&nbsp;&nbsp;<B><U>(386) 252-9601</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>N/A</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Former name or former address, if changed since
last report)&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">&#61608;</FONT></TD>
    <TD STYLE="width: 95%"><FONT STYLE="font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&#61608;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&#61608;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&#61608;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
</TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0"><B>Item 2.01&#9;</B>&nbsp; <FONT STYLE="color: black"><B>Completion
of Acquisition or Disposition of Assets</B></FONT><B>.</B></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">On July 1, 2013, the Company completed the acquisition (the
&quot;Acquisition&quot;) of Beecher Carlson Holdings, Inc. (&quot;Beecher&quot;) pursuant to a merger agreement (the &quot;Merger
Agreement&quot;), dated May 21, 2013, among the Company, <FONT STYLE="color: black">Brown &amp; Brown Merger Co. (&quot;Merger
Sub&quot;), a wholly-owned subsidiary of the Company</FONT>, Beecher, and BC Sellers&#8217; Representative LLC, solely in its capacity
as the representative of Beecher's shareholders (the &quot;Representative&quot;). The Company previously disclosed the execution
of the Merger Agreement in a Current Report on Form 8-K filed with the Securities and Exchange Commission on May 21, 2013.</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">As previously disclosed in the Company's May 21, 2013 press
release that was furnished as an exhibit to the May 21, 2013 Form 8-K (which is not incorporated herein by reference or deemed
to be filed), Beecher is an insurance and risk management broker with operations that include retail brokerage, program management
and captive management.</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">Immediately upon the consummation of the Acquisition, Beecher's
shares converted into the rights to receive cash equal, collectively, to $360.0 million, subject to an adjustment for working capital.&nbsp;</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">Other than in respect of the Merger Agreement and employment
agreements with certain of Beecher's former directors and officers, the Company, the Merger Sub, the Company's directors and officers,
and the associates of such directors and officers have no material relationship with Beecher or the Representative.</P>

<P STYLE="font: 12pt/11.4pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">A copy of the Merger Agreement will be filed as an exhibit to our
Quarterly Report on Form 10-Q for the quarter ending June 30, 2013.</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 5.02&#9;Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0">On July 1, 2013, the Compensation Committee of the Board
of Directors of Brown &amp; Brown, Inc. (the &quot;Company&quot;) authorized and approved grants of shares of restricted stock
to, among others, certain of the Company's named executive officers. Certain of these restricted shares (collectively, the &quot;PTSG
Shares&quot;) are subject to certain employment, change of control, and death and disability conditions, and will vest on July
1, 2020. The amounts of PTSG Shares granted to the Company's named executive officers are as follows:<B> </B>Cory T. Walker &#8211;
12,407; Anthony T. Strianese &#8211; 31,017; and Chris L. Walker &#8211; 18,610.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0">A copy of a form of the Performance-Triggered Stock Grant
Agreement, pursuant to which these grants were made, is filed as Exhibit 10.1 to this Current Report on Form 8-K.</P>

<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item&nbsp;7.01 &#9;Regulation FD Disclosure.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On July 1, 2013, the Company issued a press release announcing the
completion of the Acquisition. The press release is attached as Exhibit&nbsp;99.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The information furnished herewith pursuant to Item&nbsp;7.01 of
this Current Report, including Exhibit 99.1, shall not be deemed to be filed for the purposes of Section&nbsp;18 of the Securities
Exchange Act of 1934, as amended (the &quot;Exchange Act&quot;), or otherwise subject to the liabilities of that section. The information
in this Current Report shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or
the Exchange Act, except as shall be expressly set forth by specific reference in such filing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item&nbsp;9.01&#9;Financial Statements and Exhibits.</B>&#9;&nbsp;&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(d)&nbsp; Exhibits</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The following exhibits are filed and furnished, respectively, herewith:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B><U>Exhibit No.</U></B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;<B><U>Description</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form
of Performance-Triggered Stock Grant Agreement under the 2010 Stock Incentive Plan</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Press
Release dated July 1, 2013.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9;Brown &amp; Brown, Inc.&#9;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&#9;&nbsp;&#9;&nbsp;&#9;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp; &#9;&nbsp; &#9;&nbsp; &#9;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">July 8, 2013&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By:&#9;&nbsp;/S/ CORY T. WALKER</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#9;&nbsp; &#9;Cory T. Walker&#9;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#9;&nbsp; &#9;Sr. Vice President, Treasurer and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9;Chief Financial Officer<BR CLEAR="ALL" STYLE="page-break-before: always">
</P>


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<P STYLE="font: 10pt/11.4pt Times New Roman, Times, Serif; margin: 0; text-align: center">EXHIBIT INDEX</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><U>Exhibit No.</U></B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;<B><U>Description</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form
of Performance-Triggered Stock Grant Agreement under the 2010 Stock Incentive Plan</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Press
Release dated July 1, 2013</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EXHIBIT 10.1</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>BROWN &amp; BROWN, INC.</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>PERFORMANCE-TRIGGERED STOCK GRANT
AGREEMENT</U></B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This Performance-Triggered
Stock Grant Agreement (the &quot;<U>Agreement</U>&quot;), effective as of July 1, 2013 (the &ldquo;<U>Effective Date</U>&rdquo;),
is made by and between Brown &amp; Brown, Inc., a Florida corporation (together with its subsidiaries, the &quot;<U>Company</U>&quot;),
and _________________, hereinafter referred to as the &quot;<U>Grantee</U>&quot; or &ldquo;<U>you</U>.&rdquo;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Company
wishes to grant shares of the Company's common stock to the Grantee in the form of a stock grant under the Company's 2010 Stock
Incentive Plan (the &quot;<U>Plan</U>&quot;), and subject to certain conditions established by the Compensation Committee of the
Company's Board of Directors (the &quot;<U>Committee</U>&quot;).</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE,
in consideration of the mutual covenants herein contained and other good and valuable consideration, receipt of which is hereby
acknowledged, the parties agree as follows:</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ARTICLE I</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>GRANT OF STOCK</U></B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Section 1.1</U> &ndash; <U>Grant
of Stock</U></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In consideration
of service to the Company and for good and valuable consideration, the Company grants to the Grantee ______ shares of the Company's
common stock (the &quot;<U>Shares</U>&quot;) in accordance with, and subject to, the terms and conditions of the Plan, and subject
to the conditions described below. The Grantee's rights with respect to the Shares shall be governed by the terms of the Plan.</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Section 1.2</U> &ndash; <U>Adjustments
in Number of Shares</U></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In the event that
the shares of the Company's common stock are changed into or exchanged for a different number or kind of shares of the Company
or other securities of the Company by reason of merger, consolidation, recapitalization, reclassification, stock split, stock dividend
or combination of shares, the number and kind of Shares shall be equitably adjusted to reflect such changes. Any such adjustment
made by the Company's Board of Directors or the Committee shall be final and binding upon the Grantee, the Company, their respective
heirs, administrators, personal representatives, successors, assigns, and all other interested persons.</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ARTICLE II</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>VESTING OF SHARES</U></B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Section 2.1</U> &ndash; <U>General</U></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(a)&#9;<U>General</U>.
Except as may be otherwise provided in Section 2.2 of this Agreement, the vesting of the Grantee<FONT STYLE="color: black">&rsquo;s
rights and interest in the Shares, and the effect of termination of the Grantee's employment or service with the Company or attainment
of age 64 prior to the date on which the Shares become fully vested and nonforfeitable or are forfeited, shall be determined in
accordance with this Section 2.1.</FONT></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(b)&#9;<U>Employment
Condition</U>. The Grantee's interest in the Shares will become fully vested and nonforfeitable on July 1, 2020, provided that
the Grantee has been continuously employed by the Company since the Effective Date. If the Grantee's employment terminates for
any reason before June 30, 2020, the Grantee's interest in the Shares will be forfeited unless (i) the Grantee&rsquo;s employment
with the Company terminates as a result of Grantee&rsquo;s death or disability, as defined in the Plan, or (ii) the Committee,
in its sole and absolute discretion, waives the employment condition for the vesting of the Shares.</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In the event that
the Grantee&rsquo;s employment with the Company terminates as a result of Grantee&rsquo;s death or disability before the Grantee's
interest in the Shares becomes fully vested and nonforfeitable or is forfeited, the Shares will vest on the anniversary of the
Effective Date following Grantee&rsquo;s death or disability in such proportion as the number of years since July 1, 2013 bears
to the number &ldquo;7.&rdquo;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#9;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(c)&#9;<U>Issuance
of Stock Certificates</U>. A certificate representing the vested Shares will be transferred to the Grantee as soon as practicable
after satisfaction of all conditions set forth in Sections 2.1(b) of this Agreement, subject to the provisions of Section 3.3 (&ldquo;Withholding&rdquo;).</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(d)&#9;<U>Dividend
Rights</U>. If a cash dividend is declared on shares of the Company's common stock after the Effective Date, but before the Grantee's
interest in the Shares becomes fully vested and nonforfeitable or is forfeited, the Company will pay the cash dividend directly
to the Grantee with respect to the Shares. If a stock dividend is declared after the Effective Date, but before the Grantee's interest
in the Shares becomes fully vested and nonforfeitable or is forfeited, the stock dividend will be treated as part of the grant
of that portion of the related Shares, and the Grantee's interest in such stock dividend will become nonforfeitable or be forfeited
at the same time as the Shares with respect to which the stock dividend was paid becomes nonforfeitable or is forfeited. The disposition
of each other form of dividend that may be declared after the Effective Date, but before the Grantee's interest in the Shares becomes
fully vested and nonforfeitable or is forfeited will be made in accordance with such rules as the Committee may adopt with respect
to such dividend.</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(e)&#9;<U>Voting
Rights</U>. The Grantee will be allowed to exercise voting rights with respect to the Shares even though the Grantee's interest
in such Shares has not yet become fully vested and nonforfeitable.</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Section 2.2</U> &ndash; <U>Termination
After Transfer of Control</U></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="letter-spacing: -0.15pt">If
the Grantee&rsquo;s employment or service with the Company terminates by reason of Termination After Transfer of Control (as defined
below), the Shares shall be deemed to have vested one hundred percent (100%) as of the date of such Termination After Transfer
of Control. </FONT></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="letter-spacing: -0.15pt">&ldquo;Termination
After Transfer of Control&rdquo;<B> </B>shall mean either of the following events occurring after a Transfer of Control:</FONT></P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&#9;(i)&#9;termination
by the Company of the Grantee&rsquo;s employment or service with Company, within twelve (12) months following a Transfer of Control,
for any reason other than Termination for Cause (as defined below); or</FONT></P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&#9;(ii)&#9;upon
Grantee&rsquo;s Constructive Termination (as defined below), the Grantee&rsquo;s resignation from employment or service with the
Company within twelve (12) months following the Transfer of Control.</FONT></P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">Notwithstanding
any provision herein to the contrary, Termination After Transfer of Control shall not include any termination of the Grantee&rsquo;s
employment or service with the Company which: (i) is a Termination for Cause (as defined below); (ii) is a result of the Grantee&rsquo;s
death or Disability; (iii) is a result of the Grantee&rsquo;s voluntary termination of employment or service other than upon Constructive
Termination (as defined below); or (iv) occurs prior to the effectiveness of a Transfer of Control.</FONT></P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="letter-spacing: -0.15pt">&ldquo;Termination
for Cause&rdquo; shall mean termination by the Company of the Grantee&rsquo;s employment or service with the Company for any of
the following reasons: (i) theft, dishonesty, or falsification of any employment or Company records; (ii) improper use or disclosure
of the Company&rsquo;s confidential or proprietary information; (iii) the Grantee&rsquo;s failure or inability to perform any reasonable
assigned duties after written notice from the Company of, and a reasonable opportunity to cure, such continued failure or inability;
(iv) any material breach by the Grantee of any employment agreement between the Grantee and Company, which breach is not cured
pursuant to the terms of such agreement; or (v) the Grantee&rsquo;s conviction of any criminal act which, in the Company&rsquo;s
sole discretion, impairs Grantee&rsquo;s ability to perform his or her duties with Company. Termination for Cause pursuant to the
foregoing shall be determined in the sole but reasonably exercised discretion of the Company.</FONT></P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="letter-spacing: -0.15pt">&ldquo;Constructive
Termination&rdquo; shall mean any one or more of the following:</FONT></P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&#9;(i)&#9;without
the Grantee&rsquo;s express written consent, the assignment to the Grantee of any duties, or any limitation of the Grantee&rsquo;s
responsibilities, substantially inconsistent with the Grantee&rsquo;s positions, duties, responsibilities and status with the Company
immediately prior to the date of a Transfer of Control;</FONT></P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&#9;(ii)&#9;without
the Grantee&rsquo;s express written consent, the relocation of the principal place of the Grantee&rsquo;s employment to a location
that is more than fifty (50) miles from the Grantee&rsquo;s principal place of employment immediately prior to the date of a Transfer
of Control, or</FONT></P>


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<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">the
imposition of travel requirements substantially more demanding of the Grantee than such travel requirements existing immediately
prior to the date of a Transfer of Control;</FONT></P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&#9;(iii)&#9;any
failure by the Company to pay, or any material reduction by the Company of, (A) the Grantee&rsquo;s base salary in effect immediately
prior to the date of the Transfer of Control (unless reductions comparable in amount an duration are concurrently made for all
other employees of the Company with responsibilities, organizational level and title comparable to the Grantee&rsquo;s), or (B)
the Grantee&rsquo;s bonus compensation, if any, in effect immediately prior to the date of the Transfer of Control (subject to
applicable performance requirements with respect to the actual amount of bonus compensation earned by the Grantee); or</FONT></P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&#9;(iv)&#9;any
failure by the Company to (A) continue to provide the Grantee with the opportunity to participate, on terms no less favorable than
those in effect for the benefit of any employee group which customarily includes a person holding the employment position or a
comparable position with Company then held by the Grantee, in any benefit or compensation plans and programs, including, but not
limited to, the Company&rsquo;s life, disability, health, dental, medial, savings, profit sharing, stock purchase and retirement
plans, if any, in which the Grantee was participating immediately prior to the date of the Transfer of Control, or their equivalent,
or (B) provide the Grantee with all other fringe benefits (or their equivalent) from time to time in effect for the benefit of
any employee group which customarily includes a person holding the employment position or a comparable position with the Company
then held by the Grantee.</FONT></P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ARTICLE III</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>MISCELLANEOUS</U></B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Section 3.1</U> &ndash; <U>Administration</U></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Committee shall
have the power to interpret this Agreement and to adopt such rules for the administration, interpretation and application of the
Agreement as are consistent with the Plan and to interpret or revoke any such rules. All actions taken and all interpretations
and determinations made by the Committee in good faith shall be final and binding upon the Grantee, the Company and all other interested
persons. No member of the Committee shall be personally liable for any action, determination or interpretation made in good faith
with respect to this Agreement or any similar agreement to which the Company is a party.</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Section 3.2</U> &ndash; <U>Grants
Not Transferable</U></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Neither the Shares
nor any interest or right therein or part thereof shall be subject to disposition by transfer, alienation, anticipation, pledge,
encumbrance, assignment or any other means, whether such disposition is voluntary or involuntary or by operation of law, by judgment,
levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy) and any attempted disposition
thereof shall be null and void and of no effect; provided, however, that this Section 3.2 shall not prevent transfers by will or
by the applicable laws of descent and distribution.</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Section 3.3</U> &ndash; <U>Withholding</U></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Grantee shall
pay all applicable federal and state income and employment taxes which the Company is required to withhold at any time with respect
to the Shares. Such payment shall be made in full by the deduction from the number of vested Shares otherwise deliverable by Company
upon vesting and nonforfeitability of any portion of the Shares the smallest number of whole shares which, when multiplied by the
fair market value of a share of the Company's common stock on the vesting date, is sufficient to satisfy the amount of such tax
withholding requirement. Grantee's entry into this Agreement shall confirm Grantee&rsquo;s instruction and authorization to the
Company to satisfy withholding obligations with respect to the Shares in this manner.</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Section 3.4</U> &ndash; <U>Notices</U></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Any notice to be
given under the terms of this Agreement to the Company shall be addressed to the Company in care of its Secretary and any notice
to be given to the Grantee shall be addressed to the address on file for the Grantee with the Company&rsquo;s Employee Compensation
(Payroll) Department. By a notice given pursuant to this Section 3.4, either party may hereafter designate a different address
for notices to be given to such party. Any notice required to be given to the Grantee shall, if the Grantee is then deceased, be
given to the Grantee's personal representative if such representative has previously informed the Company of such representative&rsquo;s
status and address by written notice under this Section. Any notice shall have been deemed duly given when enclosed in a properly
sealed envelope addressed as aforesaid, deposited (with postage prepaid) in a United States postal receptacle.</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Section 3.5</U> &ndash; <U>Titles</U></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Titles are provided
herein for convenience only and are not to serve as a basis for interpretation or construction of this Agreement.</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Section 3.6</U> &ndash; <U>Disposition</U></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Upon receipt of
any of the Shares as a result of the satisfaction of all conditions to the Grant, the Grantee shall, if requested by the Company
in order to assure compliance with applicable law, hold such Shares for investment and not with the view toward resale or distribution
to the public and, if so requested by the Company, shall deliver to the Company a written statement signed by the Grantee and satisfactory
to the Company to that effect. The Grantee shall give prompt notice to the Company of any disposition or other transfer of any
Shares acquired under this Agreement. Such notice shall specify the date of such disposition or other transfer and the amount realized,
in cash, other property, assumption of indebtedness or other consideration, by the Grantee in such disposition or other transfer.</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Section 3.7</U> &ndash; <U>Counterparts</U></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This Agreement may
be executed in two or more counterparts, each of which shall be deemed an original and all of which together shall constitute one
agreement.</P>


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<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Section 3.8</U> &ndash; <U>Severability</U></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">If any provision,
or any part thereof, of this Agreement should be held by any court to be illegal, invalid or unenforceable, either in whole or
in part, such illegality, invalidity or unenforceability shall not affect the legality, validity or enforceability of the remaining
provisions, or any part thereof, all of which shall remain in full and effect.</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Section 3.9</U> &ndash; <U>Entire
Agreement; Amendments</U></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This Agreement (including
any documents or instruments referred to herein) constitutes the entire agreement regarding the Shares among the parties and supersedes
all prior agreements, and understandings, both written and oral, among the parties with respect to the subject matter hereof. This
Agreement may not be amended except by a written instrument signed on behalf of all of the parties hereto.</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Section 3.10</U> &ndash; <U>Governing
Law</U></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This Agreement shall
be governed by and construed and enforced in accordance with the internal laws of the State of Florida, without regard to choice
of law principles.</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF,
this Agreement has been executed and delivered by the parties as of the date first written above.</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>BROWN &amp; BROWN, INC.</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">By: ____________________________________</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Cory T. Walker</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Sr. Vice President, Treasurer</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&amp; Chief Financial Officer</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>GRANTEE</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">____________________________________</P>


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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>exh991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: center">EXHIBIT 99.1</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 9pt 0 0"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 105px; width: 126px"><FONT STYLE="font-family: Symbol">&acirc;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>News
Release</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 3.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 3.5in; text-align: justify; text-indent: 0.5in">Cory T. Walker</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify; text-indent: 20pt">July 1,
2013&#9;&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify; text-indent: 20pt"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(386) 239-7250</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: center"><B>BROWN &amp; BROWN, INC. COMPLETES</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: center"><B>ACQUISITION OF BEECHER CARLSON HOLDINGS,
INC. </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">(Daytona Beach and Tampa, Florida)
.. . . Brown &amp; Brown, Inc. (NYSE:BRO) today announced the completion of the previously-announced acquisition by merger of Beecher
Carlson Holdings, Inc. (&#8220;<U>Beecher Carlson</U>&#8221;) by Brown &amp; Brown, Inc.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">Brown &amp; Brown, Inc., through its
subsidiaries, offers a broad range of insurance and reinsurance products and related services. Additionally, certain Brown &amp;
Brown subsidiaries offer a variety of risk management, third-party administration, and other services. Serving business, public
entity, individual, trade and professional association clients nationwide, Brown &amp; Brown is ranked by <I>Business Insurance</I>
magazine as the United States&#8217; sixth-largest independent insurance intermediary. Brown &amp; Brown&#8217;s Web address is
www.bbinsurance.com. Beecher Carlson&#8217;s Web address is <FONT STYLE="color: #0033CC"><U>www.beechercarlson.com</U></FONT>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">This press release may contain certain
statements relating to future results which are forward-looking statements. These statements are not historical facts, but instead
represent only Brown &amp; Brown&#8217;s current belief regarding future events, many of which, by their nature, are inherently
uncertain and outside of Brown &amp; Brown&#8217;s control. It is possible that Brown &amp; Brown&#8217;s actual results and financial
condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking
statements. Further information concerning Brown &amp; Brown and its business, including factors that potentially could materially
affect Brown &amp; Brown&#8217;s financial results and condition, as well as its other achievements, is contained in Brown &amp;
Brown&#8217;s filings with the Securities and Exchange Commission. All forward-looking statements made herein are made only as
of the date of this release, and Brown &amp; Brown does not undertake any obligation to publicly update or correct any forward-looking
statements to reflect events or circumstances that subsequently occur or of which Brown &amp; Brown hereafter becomes aware.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: center"><B><I># # # # #</I></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0">&nbsp;</P>


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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
