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Exhibit M, Endowment Bond
Colton
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COLTON DUNES CONSERVATION BANK AGREEMENT
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Exhibit M, Endowment Bond
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2/24/2014 1:24:36 PM
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Property regarding actual maintenance costs. If the penal sum of this bond requires adjustment, <br />it shall be by use of an Increase/Decrease Rider. This bond shall last a maximum of the ten (10) <br />years. <br />PROVIDED, that any alterations to the Target Amount for the Endowment Fund, shall not in any <br />way release said Principal or said Surety hereunder, nor shall any extensions of time granted <br />under the provisions of said Agreement, release either said Principal or said Surety, and notice of <br />such alterations or extensions of the Agreement is hereby waived by said Surety. <br />The Surety will give prompt notice to the Principal and the [USFWS designee] of any notice <br />received or action filed alleging the bankruptcy or insolvency of the Surety, or alleging any <br />violations or regulatory requirements which could result in suspension of revocation of the <br />Surety's license to do business. In the event the Surety becomes unable to fulfill its obligations <br />under the bond for any reason, notice shall be given immediately to the Principal and to the <br />[USFWS designee]. <br />IN WITNESS WHEREOF, we have hereunder set our hands , 2005. <br />CALMAT CO. <br />(soh,) <br />BY: BY: <br />(Signature and Seal) (Signature and Seal) <br />(Typed Name) (Typed Name) <br />672408.3 <br />
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