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IV c << <br />Increase PENALTY RIDER <br />BOND ANIOUN'f $30,000.00 BOND NO. I-I'NI8792641 <br />To be attached and form a part of Bond No, LPM8792641 dated the 22nd day of September, 2005, <br />executed by Fidelity and Deposit Company of Maryland as surety, on behalf of Vessels Coal Gas <br />Inc. as current principal of record, and in favor of State of Colorado, Oil & Gas Conservation <br />Commission, as Obligee, and in the amount of Thirty Thousand Dollars and 00 /100 ($30,000.00). <br />In consideration of the agreed premium charged for this bond, it is understood and agreed that <br />Fidelitv and Deposit Com )all of Maryland hereby consents that effective from the 7th day of <br />April, 2011, said bond shall be amended as follows: <br />THE BOND PENALTY SHALL BE Increased: <br />FROM: 'Thirty Thousand Dollars and 00/100 ( 30 000.00 <br />TO: Sixty Thousand Dollars and 00/100 ( 60 000.00 <br />The Increase of said bond penalty shall be effective as of the 7th day of Ataril, 2011, and does <br />hereby agree that the continuity of protection under said bond subject to changes in penalty shall <br />not be impaired hereby, provided that the aggregate liability of the above mentioned bond sl3all 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 71h clay of April, 2011. <br />' Vessels Co I as Inc. <br />tNCIPAI <br />nY: <br />Fidelity and Deposit_Contpanv of Maryland <br />SURETY <br />131': <br />Emily R. Terhunc, XI- FORNEY -IN -FACT <br />THE ABOVE BOND IS 11EREBY AGREED TO AND ACCEPTED BY: <br />State of Colorado Oil & Gas Conservation Comnlissiou <br />011L1(:FE <br />BY: <br />TITLE <br />x-70 Sct�nboc�n Crea,(� PAnst�e {nD`ve_ Wes; <br />�ppcaua— l�'ZII IZ <br />