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,~' ~~, ;~ ~ .ice, . <br />- ~ THE CITIZENS STATE BANK <br />OF OURAY <br />'t+ { <br />7,'~` <br />y .t ~~- ? <br /> <br />IRREVOCABLE LETTER OF CREDIT <br />ON BUREAU OF LAND MANAGEMENT LAND <br />The Citizens State Bank of Ouray <br />111 Hwy 97 ~ 1~ ,~~° , <br />~~~ <br />Naturita, Colorado 81422-0160 <br />Phone: (970) 865-2255 ~~~~ ~ 9 c.uJi <br />Beneficiaries: <br />State of Colorado <br />Mined Land Reclamation Board <br />215 Centennial Building <br />1313 Sherman Street <br />Denver, Colorado 80203 <br />Letter of Credit # 2023 <br />Divisic,~ c~ ~ap~(~~n~~Yion, <br />iviininr,~ ~~,a s~s~ty <br />Amount U.S. $16,646.00 <br />Operation: J Birds <br />Permit #: M-2005-050 <br />Date of Issuance: Apri13, 2007 <br />Initial Expiration Date: Apri13, 2008 <br />Or <br />United States Department of the Interior <br />Bureau of Land Management <br />Colorado State Office <br />2850 Youngfield Street <br />Lakewood, Colorado 80215 <br />Applicant: Rimrock Exploration & Development, Inc. <br />25615 2600 Road <br />PO Box 482 <br />Nucla, Colorado 81424 <br />Phone: (970) 864-7263 <br />County of Operation: Montrose <br />Gentlemen: <br />We hereby issue and establish our irrevocable letter of credit, the amount of which is available by <br />beneficiary's draft or drafts drawn upon us, which shall be paid at sight, when accompanied by the <br />following document: , <br />A written statement of the Director ("the Director") of the Division of Minerals and Geology of <br />the State of Colorado ("the Division") certifying that he is a duly. authorized official acting on <br />behalf of the State of Colorado and that the amount of the accompanying sight draft is due and <br />1tilain Office Ourav Ridgway Br nri+ <br />600 Main Street 145 W. Sherman -Hwy. 62 • Silverton Br nrh Montrose Countv Branch <br />PO• BOX `~ P.O. Box 222 ~~ ~, 1202 Greene Hwy 141 & 97 <br />Ouray, CO 81427 Ridgway, CO 81432 ; ~ P.O. Box 6 P.O. Box 160 <br />(970) 325-4478 (970) 626-5462 ~ Silverton, CO 81433 Naturita, CO 81422 <br />Fax (970) 325-4351 Fax (970) 626-4278 (970) 387-5502 (970) 865-2255 <br />Fax (970) 387-5315 Fax (970) 865-2834 <br />