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do Reaoovice aid SOM T7/(c 4l-' 1;2� BANKiN'JrWES'I' ,,ate me�to c�a�a�� CERTIFICATE OF DEPOSIT RECEIPT �eP o�of Re Branch Name: 00872 - Fort MoWaEP�l vA��l!1 Da eposit: 11/16/2011 Account Number: 017949305 f+itr/'✓D Amount of Deposit: $3,000.00 Today's Date: 11/16/2011 a' "-r Maturity Date: 11/16/2013 gy. Branch Approval: Wanda Zima Initial Interest Rate: 0.35 Customer Name JOSEPH E W ESTHOFF DBA WESTHOFF FARM'S Initial Annual Percentage Yield: 0.35 and Address: FBO STATE OF COLORADO/MINED LAND Interest Payment Method: Pay to Affiliate RECLAMATION BOARD PDPA 01000400510*1 Pay Interest to Account#: 011841122 1313 SHERMAN ST, RM 215 Denver, CO 80203 Interest Payment Frequency: 12 Months Term: 24 Months Phone#: - 970)�i1 303-866-3567 PUBLIC FUNDS Renewal: Automatically Renew Deposit receipt not needed for redemption. Thank you for opening a Certificate of Deposit with Bank of the West.Your account has been opened for the amount and terms shown above. Any questions regarding your Certificate of Deposit can be answered by your branch or by calling the Bank's Telephone Banking Center(800)488-BANK. INFORMATION REGARDING CERTIFICATE OF DEPOSIT ACCOUNTS to � eQ Minimum Opening Balance$ � L; Minimum balance required to earn APY$ _ ADDITIONAL DEPOSITS- If you wish to add funds to your Certificate, you may do so during the 10 calendar day grace period following the account's maturity date. For 7-31 days Certificates, you may add funds during the 1 calendar day grace period following the maturity date. Interest on the additional funds.both cash and non-cash,begins to accrue on the business day you deposit it and at the same rate in effect for the renewed Certificate. The additional funds will mature at the same time as the renewed Certificate. The minimum amount for an additional deposit is$100.00. WITHDRAWALS- Interest which has been reinvested may be withdrawn at any time, it the account term and interest rate have not changed since the renewal. Additional withdrawals without penalty are permitted during the 10 calendar day grace period following maturity(1 calendar day grace period for 7-31 days Certificates) for automatically renewable Certificates. or upon the death or mental incapacity of the depositor. Accounts closed Turing the grace period will forfeit any interest accrued during the grace period Withdrawals at any other time may be permitted at the Bank's discretion and are subject to early withdrawal penalties. INTEREST- Interest is accrued on the daily balance. The annual percentage yield assumes that interest earned is reinvested in the account monthly and all funds remain on deposit for one year from the date of deposit and the interest rate does not change. Interest withdrawn during the term of the account will reduce the annual percentage yield earned TERMS OF 32 DAYS OR LONGER- You may choose the frequency of interest payments. Interest can be paid as frequently as monthly. but must be paid at least once a year. Interest may be reinvested into the account, credited to another Bank of the West checking or savings account, or paid by check. TERMS OF 7-31 DAYS -You will receive interest at maturity only. Interest may be reinvested into the Certificate of Deposit.or as a deposit to a Bank of the West checking or savings account. MATURITY-Automatically renewable Certificates of Deposit renew automatically at the rate in effect on the maturity date,for the same term and under the same conditions last disclosed(unless we tell you otherwise) We will mail a maturity notice approximately 15 days prior to the maturity date(except for*1-14 days terms) The notice will include a !i hone number you ran rail on the maturitv date(or shortly after)to find out the interest rate and annual percentage yield on your renewed Certificate of Deposit. A non-renewable Certificate of Deposit wilt not earn interest beyond the maturity date,and will not renew automatically at maturity. EARLY WITHDRAWAL_PENALTIES-All penalties are calculated on a simple interest basis. The penalty assessed may reduce the balance remaining on your account after the withdrawal. The penalty is calculated at the interest rate in effect at the time the Certificate of Deposit was opened or last renewed The penalties on the amount withdrawn are: 7-31 DAYS TERM: 7 days simple interest; 32 DAYS- 1 YEAR TERM: 30 days simple interest; OVER 1 YEAR TERM` 180 days simple interest: 'except for 60-MONTH PREMIUM MONEY MARKET CERTIFICATE OF DEPOSIT. 730 days simple interest. CHANGES IN TERMS-&_CONDITIONS- When you open a deposit account with us, you agree to abide by the terms and conditions detailed on this page and in the Account Agreement you sign. We can change these terms and conditions at any time. We'll notify you in advance of any charges that affect your rights and obligations to the extent required by law. You indicate that you accept a change we make by continuing your account relationship with us or,if the change affects your certificate of deposit,by allowing the certificate to renew after the change becomes effective. D1S_CLQS.URE_OF YDUR ACCOUNT-Account Information may be disclosed to third parties when it is required for governmental reporting for legal processes, or to persons or companies who the Bank believes would legitimately use such information. Certain transactions are also automatically reportable to the government. OTHER INFORMATION REGARDING_DEPOSIT ACCOUNTS-Additional information pertaining to the rules&regulations governing deposit accounts can be provided if you request a current copy of the Bank of the!Nest Deposit Account Disclosure which is available by phone or in person at any of the Bank's branch offices. You may also call our Telephone Bankirq Center and request that we send you a Deposit Account Disclosure. NON-NEGOTIABLE NOT TRANSFERABLE MEMBER FDIC 120-01820(Rev.05/11) TimeDepositReceipt