2002-09-13_REVISION - M1994096

• Permit No: M1994096
• IBM Index Class Name: Revision
• Doc Date: 9/13/2002
• Doc Name: SO App Bond Returned to Bank
• From: DMG
• To: The Home State Bank
• Type & Sequence: SO2
• Media Type: D
• Archive: No

STANDBY LETTER OF CREDIT
August 1, 2002
Page 2
The below-mentioned documentation must be presented at sight on or before the
expiry date and time on this instrument in accordance with the terms a conditions of
this letter of credit:
1. Your signed and dated statement purportedly signed by/one of your official
signatories reading:
A written statement of the Director ("Director") of the ivision of Minerals and
Geology of the state of Colorado ("the Division"} c ifying that he is a duly
authorized official acting on behalf of the State of Col ado and that the amount of
the accompanying sight draft is due and payable to a State of Colorado pursuant
to applicable provisions of Colorado Statutes go ruing mined land reclamation
and that Robert C. and Helen L. Pittington or thei successor has neglected, failed,
or refused complete the required reclamation or to pay such amount although
requested to do so by the Director.
This Standby Letter of Credit shall be
for an additional period of one year from the
in writing not less than ninety (90) days befc
renew this Standby Letter of Credit. Our nc
above address or any other address advi
requested. Upon your receipt of such n
against the amount remaining avails e
presentation of your clean sight draft as tate~
We engage with you that dra draw
this credit will be duly honored on esentat
above, on or before the expiry Elate and
accompany the documents re fired unde
requirements of this Letter of Cr dit must be
Credit.
auto atically extended without amendment
ex ration date unless we have notified you
~r such expiration date that we elect not to
~ ce of such election shall be mailed to the
ed by you by certified mail return receipt
renewal notice you have the right to draw
under this Standby Letter of Credit by
i above.
n under and in conformity with the terms of
ion if presented to us at our office, address
time. The original Letter of Credit must
r this credit. Strict compliance with the
performed by the beneficiary of this Letter of
The Letter. of Credit i subject to Uniform Customs and Practice for Documentary
Credits, 1995 :revision, IC Publication No. 500. This Letter of Credit is to be construed
by the law of mercantile s ecialty and not by the law of contract.
Please address II correspondence regarding this Letter of Credit to the attention
of: Howard C. Wige Vice President, mentioning our reference number as it appears
above.