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<br />' CANADIAN IMPERIAL . <br />BANK O~ COMMERCE <br />• State of Colorado <br />July 6, 1984 <br />Page 2 <br />The original signed Letter of Credit will be presented to the Bank by the beneficiary <br />along with any draft presented pursuant to the Letter of Credit and will ire <br />surrendered to the Bank with any draft which draws the full amount, or the balance <br />remaining available, under the Letter of Credit. <br />If any expiration date specified herein shall fall upon a day other than a regular <br />business day of the Bank, the expiration date shall be extended to the close of <br />business on the next successive business day of the Bank. This Letter of Credit <br />supercedes and replaces any previously issued certificates in the name of Standard <br />Metal Corporation, by Canadian Imperial Bank of Commerce. <br />FOR CANADIAN I*iP17YfAIGBAK OF COMMERCE <br />z <br />`~ <br />oun~er gn <br />i <br />SbD%kmw <br />