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Firsf <br />/ntersfate <br />Bank <br />August 4, 1988 <br />• Flisl Interstate Bank • <br />of Santa Fe, N.A. <br />P.O Box 969 <br />Santa Fe, NM 67504-0969 <br />505 962-3671 <br />P9ined Land Reclamation Division <br />423 Centennial E~uilding <br />1313 Sherman Street <br />Denver, CO 80203 <br />RE: Modification to Irrevocable Letter of Credit l`1198. <br />Mine Development, Inc. Expiration date: 08/25/88. <br />Gentlemen: <br />We are writing to you in regards to the Irrevocable Letter <br />of Credit /11198 in your favor for the account of Mine <br />Development Inc., up to the aggregate amount of SEVEN <br />THOUSAND DOLLARS AND NO/100 (US $7,000.00), available by <br />your drafts, drawn at sight on us and which expires <br />August 25, 1988. <br />We hereby extend Letter of <br />the account of Mine Develo <br />Durango, CO, to August 25> <br />Sincerely, <br />~~ <br />~~~. <br />Lar McCain <br />Vice President <br />Credit /11198 in your favor for <br />pment Inc., 1288 County Road 205, <br />1989. <br />At es ed by: <br />obert S. Fate <br />sis ant Vice President <br />LM/dgg <br />