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EXHIBIT B <br />INCREASE PENALTY RIDER <br />BOND AMOUNT $14,894,250.00 BOND NO. 019073106 <br />To be attached and form a part of Bond No. 019073106 dated the 19th Day of October, <br />2021, executed by Liberty__ Mutual Insurance Compal as surety, on behalf of 1548 Maple <br />LLC a Delaware limited liability companV as current principal of record, and in favor of gty <br />of Redwood City, as Obligee for 1548 Maple Street Redwood CitV, CA 94063 - Public <br />Irrigrovements, and in the amount of Fourteen Million Eight Hundred Ninety Four Thousand <br />Two Hundred Fifty Dollars and 00/100 ($14,894,250.00). <br />In consideration of the agreed premium charged for this bond, it is understood and <br />agreed that Liberty Mutual Insurance Company hereby consents that effective from <br />the 19th Day of October, 2025, said bond for the faithful performance of the <br />Agreement, as amended by the First Amendment to Subdivision Improvement <br />Agreement dated March 6, 2023, recorded in the Official Records as Document No. <br />2023-011339 and Second Amendment to Subdivision Improvement Agreement dated <br />January 21, 2026, recorded in the Official Records as Document No. , shall <br />be amended as follows <br />THE BOND PENALTY SHALL BE INCREASED: <br />FROM: Fourteen Million Eight Hundred Ninet -Four Thousand Two Hundred Fifty Dollars <br />and 00/100 ($14,894,250.00) <br />TO: Sixteen Million Two Hundred Seventy -Four Thousand Six Hundred Ninet -Four Dollars <br />and 00/100 ($16,274,694.00) <br />The INCREASE of said bond penalty shall be effective as of the 19th Day of October, <br />2025, and does hereby agree that the continuity of protection under said bond subject <br />to changes in penalty shall not be impaired hereby, provided that the aggregate liability <br />of the above mentioned bond shall not exceed the amount of liability assumed by it at <br />the time the act and/or acts of default were committed and in no event shall such <br />liability be cumulative. <br />Signed, sealed and dated this 11th Day of November, 2025 <br />1548 Ma !e LLC a Delaware limited liability com an <br />PRINCIPAL <br />BY <br />BY <br />Libefty Mutual Insurance Com an <br />SURETY <br />Kathleen M. Coen, ATTORNEY-IN-FACT <br />THE ABOVE BOND IS HEREBY AGREED TO AND ACCEPTED BY: <br />City of Redwood City <br />OBLIGEE <br />TITLE <br />4925-7198-0398 v8 Exh B <br />ATTY/AGR/2025-AMEND. NO. 2 - 1548 MAPLE SUBDIVISION IMPROVEMENT AGREEMENT— EXHIBIT B <br />REV: 01-22-26 VR Page 1 of 2 <br />