2014-03-05_REPORT - P2011019 - Laserfiche WebLink

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Colorado Business Batik C0131Z Financial �'�� -,� b IRREVOCABLE LETTER OF CREDIT L,l'nv—L C Colorado Business Bank Attention: Loan Operations Street: 821 17t' Street, Ste. 300 City: Denver State: Colorado Zip Code: 80202 Area Code: 303 Telephone: 293 -2265 Beneficiary: STATE OF COLORADO MINED LAND RECLAMATION BOARD 215 CENTENNIAL BUILDING 1313 SHERMAN STREET DENVER, COLORADO 80203 Applicant: Oregon Energy LLC Street: 1001 SW 5 "' Ave., Ste. 1 100 City: Portland State: Oregon Zip Code: 97204 Area Code: 503 Telephone: 353 -8012 Gentlemen: 4582 S UStei St Pkwy Ste 100 Denver, CO 80237 rob¢bank,com LETTER OF CREDIT NUMBER: Amount U.S. $54,500.00 Date of Issuance: August 1, 2011 Initial Expiration Date: August 1, 2012 RECEIVED MAR 0 5 2014 We hereby issue and establish our irrevocable letter of credit, the amount of which is available by beneficiary's draft or drafts drawn upon us, which shall be paid at sight, when accompanied by the following document: A written statement of the Director ( "the Director ") of the Division of Reclamation, Mining and Safety of the State of Colorado ( "the Division ") certifying that he is a duly authorized official acting on behalf of the State of Colorado and that the amount of the accompanying sight draft is due and payable to the State of Colorado pursuant to applicable provisions of Colorado statutes governing mined land reclamation and that Oregon Energy L,LC or its successor has neglected, failed, or refused to pay such amount although requested to do so by the Director. Each sight draft so drawn and presented shall be honored by us if presented prior to the close of business on the expiration date of this letter of credit. The Bank shall make a payment by wire transfer to the Beneficiary. This credit refers to Oregon Energy LLC's application for a permit to engage in mining and reclamation activities within the State of Colorado.