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Pueblo <br /> &Bank <br /> Trust <br /> j,�,4w,&, 5d S INC E 1 88 9 <br /> State of Colorado IRREVOCABLE LETTER OF CREDIT S A L I D A <br /> Department of Natural Resources 719/539-6696 <br /> 200 F Street <br /> Division of Reclamation, MiningMY00011BLO BANK& TRUST COMPANY Salida, co 81201 <br /> RELEASED ON: 301 NEST 5TH STREET <br /> PUEBLO, CO 81003 <br /> 719-545-1834 <br /> By: ,��rett`�2vO-. <br /> To: State of Colorado No: 310 <br /> N'Lined Lard Reclamation Board Amount: U.S.S13,500.00 <br /> 215 Centennial Building Date: 04-20-99 j4D <br /> 130 Sherman Street Expiration: 04-20-00 <br /> Denver, Colorado 80203C ��E� <br /> Re: James L. Treat �p� 2 2199% <br /> 225 aQ6==G Street rah&GQ" <br /> Salida, Co 81201 <br /> Gentlemen: <br /> We hereby issue and establish our Irrevocable Letter of Credit, the amount of which is <br /> available by beneficiary's draft or drafts dra,"m upon us, which shall be paid at sight, <br /> when accompanied by the following document: <br /> A written stater_ient of the Director ("the Director") of the Division of Minerals and <br /> Geology of the State of Colorado ("tlie Division") certifying that lie is a duly authorized <br /> official acting on behalf of t11e State of Colorado and that the amount of the <br /> accompanving sight draft is due; and payable to the State of C(-)!orado pursuant to <br /> applicable provisions of C;;lorad:-) statutes governing mined land reclamation and that <br /> James L. Treat or his successor has neglected, failed, or refused to pay such amount <br /> although requested to do so by the Director. <br /> Each sight craft so drawn and presented shall be honored by us if presented prior to the <br /> close of business on the expiration date of this letter of credit. This credit refers to James <br /> L. Treat's application for a permit to engage in mining and reclamation activities within <br /> the State of Colorado. <br />