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State of Colorado <br /> tAined Land Reclamation Board <br /> Mountain Park Concrete, Inc. <br /> wetter of Credit Number 411 <br /> February 25, 1999 <br /> In such event, in addition to his power to draw hereon under the <br /> preceding paragraphs, the Director may draw the full or any lesser amount <br /> hereof at any time prior to such expiration date by sight draft, or <br /> drafts, accompanied by the written statement of the Director certifying <br /> chat the amount drawn will be held as a cash deposit in lieu of financial <br /> warranty, as provided in applicable Colorado statutes governing mined <br /> '_and and reclamation. In any event, this letter of credit shall have a <br /> final expiration date of February 25, 2004. <br /> The original signed letter of credit will be presented to the Bank by the <br /> beneficiary along with any draft presented pursuant to this letter of <br /> credit, and will be surrendered to the Bank with any draft which draws <br /> the full amount, or the balance remaining available, under this letter of <br /> credit . <br /> 'f any expiration date specified herein shall fall upon a date other than <br /> a regular business day of the Bank, the expiration date shall ipso facto <br /> be extended to the close of business on the next successive business day <br /> of the Bank. <br /> This Letter of Credit shall be subject to the Uniform Customs and <br /> Practice for Documentary Credits, (1993 Revision) , International Chamber <br /> of Commerce Publication No. 500, to the extent that it does not conflict <br /> with Article 5 of the Uniform Commercial Code for the State of Colorado. <br /> UNION BANK & TRUST, LAKESIDE <br /> Raym d D. Horton <br /> Branch President <br /> :c/lx-mcnpar Y.concrece.wps <br />