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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 of <br /> Colorado and that the amount of the accompanying sight draft is due and payable to the State of Colorado pursuant <br /> to applicable provisions of Colorado statutes governing mined land reclamation and that _New Vision <br /> Investments,LLC_or its successor,has neglected,failed, or refused to pay such amount although requested to <br /> do so by the Director. <br /> Each sight draft so drawn and presented shall be honored by us if presented prior to the close of business <br /> on the expiration date of this letter of credit. The Bank shall make a payment by wire transfer to the Beneficiary. <br /> This credit refers to New Vision Investments LLC's for Achieve more Agricultural complex site application <br /> for a permit to engage in mining and reclamation activities with in the State of Colorado. <br /> It is an express condition of this letter of credit that it shall be automatically extended for successive <br /> additional periods of one year each, from the initial and each future expiration date unless the FNB Bank in <br /> Bennett, Colorado ("the Bank") shall notify the Director as least 90 days prior to an expiration date in writing <br /> by certified mail,at the above address,that the Bank elects not to extend the credit for such additional period. In <br /> such event, in addition to his power to draw hereon under the preceding paragraphs,the Director may draw the <br /> full or any lesser amount hereof at any time prior to such expiration date by sight draft,or drafts,accompanied by <br /> the written statement of the Director certifying that the amount drawn will be held as a cash deposit in lieu of <br /> financial warranty, as provided in applicable Colorado statutes governing mined land and reclamation. <br /> The original signed letter of credit and any amendments will be presented to the Bank by the beneficiary <br /> along with any draft presented pursuant to this letter of credit,and will be surrendered to the Bank with any draft <br /> which draws the full amount,or the balance remaining available,under this letter of credit. Delivery of the original <br /> letter of credit,sight draft(s)and all other documents required as a condition precedent for payment,may be made <br /> by overnight courier to the Bank. Each payment on a draft shall reduce the aggregate above written amount by <br /> the amount drawn. <br /> This Letter of Credit is subject to Uniform Customs and Practice for Documentary Credits (2007 <br /> Revision),International Chamber of Commerce—Publication No. 600(the"UCP600") and shall be governed by <br /> the laws of the State of Colorado with respect to subject matters not addressed by the UCP600. In the event of an <br /> action between the beneficiary and the Bank regarding this letter of credit,the bank submits to the jurisdiction and <br /> venue of the Denver District Court, State of Colorado. The Bank agrees to accept service of process in any such <br /> action, if service is made by registered or certified mail(return receipt requested) or courier service, postage of <br /> delivery fee prepaid,to the address of the Bank set forth above. <br /> If any expiration date specified herein shall fall upon a day other than a regular business day of the Bank, <br /> the expiration date shall ipso facto be extended to the close of business on the next successive business day of the <br /> Bank. <br /> The: FNB Bank in Bennett,Colorado <br /> By 10,14 Date 4/5/2021 <br /> Authorized Signature,Dwane Timm,President <br />