2014-09-22_REVISION - M1979097 (4)

Home Browse Search

M 19 7 it 0413 RECEIVED FES 2 6 2013 Division of Reclamation, Mining&Safely Time Certificate of Deposit Financial Institution: Flatirons Bank, Main Office 1095 Canyon Blvd. Suite 100, Boulder, CO 80302 Number: Account Name: COTTONWOOD LAND AND FARMS LLC ASSIGNED TO STATE OF SSN/TIN: 84-0826570 CO/MLRB PUBLIC FUNDS ACCOUNT #010004005101 BUSINESS TYPE: Limited Liability Company Account Number Issue Date Deposit Amount Term Maturity Date 13016618 February 21, 2013 $442,750.00 6 Months August 21, 2013 Rate Information: This Account is an interest bearing account. The interest rate on the account is 0.45% with an annual percentage yield of 0.45%. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect until August 21, 2013. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will not be compounded on the account. Interest will be credited at maturity. Interest will be credited to you by mailing a check at maturity to 1313 SHERMAN ST ROOM 215, DENVER, CO 80203. Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. We will use an interest accrual basis of 365 for each day in the year. You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield, Limitations: You must deposit $1,000.00 to open this account. You may not make additional deposits into this account. You may not make withdrawals from your account until the maturity date. Time Account Information: Your account will mature on August 21, 2013. If you withdraw any of the principal before the maturity date, we will impose a penalty of Three (3) months loss of interest. If the account is closed before interest is credited, you will not receive the accrued interest. This account will automatically renew. You will have 10 days after the maturity date to withdraw funds without penalty. If you do not withdraw the funds, each renewal term will be for an identical period of time as the original term. Miscellaneous Fees and Charges: Account Closure Fee (within 60 days of opening): .$25.00; Auto Transfer Fee (between linked accounts to cover overdrafts): $5.00 per tr6MMQI&I�Jf'13%losQrsonal Accounts: Free of Charge; Chargeback Fee: $4.00 per item; Dormant Account Fee: 5 5 R�►fMeritll t sm#�,;gdoe of Charge; Garnishments & Levies: $75.00; Imaged Items with Statements: Fr%q b ! R" a cl7 t y of �� Qfgrdraft Fee: $35.00 per item; Overdrawn Account Fee: $3.00 per day; Research Fee: 25. 0 per h ur; eturne tem ee: $ �0 per item; Stop Payment Fee: $25.00 per item; ATM Access Card Fee: $12.00 per year; ATM Usage Fee (non Flatirons Bank ATM): Free of Charge; Visa Debit Card Fee: $15.00 per year; Business Visa Debit Card Fee: $15.00 per year; HSA Visa D*f)Car WA3 jEa0 per year; Card Re-issue Fee (Lost/Stolen Card): $10.00; Foreign Collection Item Fee: $20.00; Incoming Collection Item Fee: $20.00; Outgoing Collection Item Fee: $20.00; Cashiers Checks: $5.00; 3 x 10 Box: $40.00 per year; 5 x 10 Box: $50.00 per year; 10 x 10 Box : $110.00 per year; Lost Key Fee: $25.00; Forced Entry Fee: $175.00; Incoming Wire Transfers+"-Freee€Gliacge-Qutgoia ZQwestic Wire Transfer Fee: $18.00; Outgoing International Wire Transfer Fee: $48.00; Locking Zipper Bags: $30.00; and Regular Zipper Bags: $5.00 va Mem or Signature an itle of Authorized Financial Instituti n ignel• NON TRANSFERABLE - NON NEGOTIABLE] FDIC TIME DEPOSIT A REEMENT We appreciate your decision to open a time deposit account with us. This Agreement sets forth certain conditions, rates, and rules that are specific to your Account. Each signer acknowledges that the Account Holder named has placed on deposit with the Financial Institution the Deposit Amount indicated, and has agreed to keep the funds on deposit until the Maturity Date. As used in this Agreement, the words "you", "your" or "yours" mean the Account Holder(s), the word "Account" means this Time Deposit Account and the word "Agreement" means this Time Deposit Agreement, and the words "we", "us" and "our" mean the Financial Institution. This Account is effective as of the Issue Date and is valid as of the date we receive credit for noncash items (such as checks drawn on other financial institutions) deposited to open the Account. Deposits of foreign currency will be converted to U.S. funds as of the date of deposit and will be reflected as such on our records. INTEREST RATE. The interest rate is the annual rate of interest paid on the Account which does not reflect compounding ("Interest Rate"), and is based upon the interest accrual basis described above. AUTOMATIC RENEWAL POLICY. If the Account will automatically renew as described above, the principal amount and all paid earned interest that has not been withdrawn will automatically renew on each Maturity Date for the term described above in the Time Account Information section. Interest on renewed accounts will be calculated at the interest rate then in effect for time deposits of that Deposit Amount and term. If you wish to withdraw funds from your Account,you must notify us during the grace period after the Maturity Date. EARLY WITHDRAWAL PENALTY. You have agreed to keep the funds on deposit until the Maturity Date of your Account. Any withdrawal of all or part of the funds from your Account prior to maturity may result in an early withdrawal penalty. We will consider requests for early withdrawal and, if granted,the penalty as specified above will apply. Minimum Required Penalty. If you withdraw money within six (6) days after the date of deposit, the Minimum Required penalty is seven (7) days' simple interest on the withdrawn funds. If partial early withdrawal(s) are permitted, we are required to impose the Minimum Required Penalty on the amount(s) withdrawn within six (6) days after each partial withdrawal. The early withdrawal penalty may be more than the Minimum Required Penalty. You pay the early withdrawal penalty by forfeiting part of the accrued interest on the Account. If your Account has not earned enough interest, or if the interest has been paid, we take the difference from the principal amount of your Account. DEPOSIT PRO,V,, 12 4 10 003 Cop.Nnbnd Fhm,i"I S,Iu""no.Ina.1996,2013. A%Rqhu R" CO-CO-P k i RLAND1Cn1T1S1L760 TR-2920 Page 1 of 2 Oustomer Copy