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IRREVOCABLE LETTER OF CREDIT <br /> The Bank of <br /> Street: <br /> City: <br /> State: Zip Code: <br /> Area Code: Telephone: <br /> Beneficiary: LETTER OF CREDIT <br /> STATE OF COLORADO NUMBER: <br /> MINED LAND RECLAMATION BOARD <br /> 215 CENTENNIAL BUILDING Amount U.S. $ <br /> 1313 SHERMAN STREET Date of Issuance: <br /> DENVER,COLORADO 80203 Initial Expiration Date: <br /> Applicant: <br /> Street: <br /> City: <br /> State: Zip Code: <br /> Area Code: Telephone: <br /> Gentlemen: <br /> We hereby issue and establish our irrevocable letter of credit,the amount of which is available by beneficiary's draft <br /> or drafts drawn upon us,which shall be paid at sight,when accompanied by the following document: <br /> A written statement of the Director("the Director")of the Division of Reclamation,Mining and Safety of the <br /> State of Colorado("the Division")certifying that he is a duly authorized official acting on behalf of the State <br /> of Colorado and that the amount of the accompanying sight draft is due and payable to the State of Colorado <br /> pursuant to applicable provisions of Colorado statutes governing mined land reclamation and that <br /> or its successor has neglected, failed, or refused to pay <br /> such amount although requested to do so by the Director. <br />