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DECREASE PENALTY RIDER <br /> BOND NO.929442773 <br /> To be attached and form a part of Bond No.929442773 dated the 21st day of January,2008,executed <br /> by Western Surety Company as surety,on behalf of Brannan Sand&Gravel Company as current <br /> principal of record,and in favor of State of Colorado,Division of Reclamation,-C(90),as Obligee,and <br /> in the amount of Five Hundred Sixty Eight Thousand Nine Hundred Dollars and 00/100($568,900.00). <br /> In consideration of the agreed premium charged for this bond,it is understood and agreed that <br /> Western Surety Company hereby consents that effective from the 23rd day of August,2019,said <br /> bond shall be amended as follows: <br /> THE BOND PENALTY SHALL BE DECREASED: <br /> FROM:One Million Three Hundred Seventy Seven Thousand Four Hundred Fifty Dollars and 00/100 <br /> ($1,377,450.00) <br /> TO: Five Hundred Ninety Two Thousand Seven Hundred Dollars and 00/100($592,700.00) <br /> The Decrease of said bond penalty shall be effective as of the 23rd day of August ,2019,and does <br /> hereby agree that the continuity of protection under said bond subject to changes in penalty shall not <br /> be impaired hereby,provided that the aggregate liability of the above mentioned bond shall not <br /> exceed the amount of liability assumed by it at the time the act and/or acts of default were <br /> committed and in no event shall such liability be cumulative. <br /> Signed,sealed and dated this 25th day of September,2019. <br /> rannan Sand&Gravel Company <br /> PRINCIPAL <br /> 1\111)BY: <br /> -1.C. M�.ruct,"&. M "ager <br /> Western Surety Company <br /> SURETY <br /> BY: <br /> Karen A. Feggestad,ATTORNEY-IN-7ACT <br /> THE ABOVE BOND IS HEREBY AGREED TO AND ACCEPTED BY: <br /> State of Colorado,Division of Reclamation,-C(90) <br /> OBLIGEE <br /> BY: <br />