2008-09-10_REVISION - M1978349 (5)

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V) 4-1 -ra 0 0 a? a? 0 0 0 4'V qd ?w o? W oc United Bank of Grand Junction National Association ' P.O. Box 1568 2808 North Avenue Grand Junction, Colorado 81502 Telephone: (303) 242-8822 United Bank IRREVOCABLE LETTER OF CREDIT DATE: #403JFP February 22, 1991 APPLICANT: Richard N. Casey dba: Casey Concrete Co. P. 0. Box 1815 Rifle, CO 81650 BENEFICIARY: AMOUNT: EXPIRATION DATE: Gentlemen: State of Colorado Mined Land Reclamation 215 Centennial Building 1313 Sherman Street Denver, CO 80203 $ 25,000.00 February 22, 1992 i MAR 14 1991 Mined Land Reclamation Division We hereby issue and establish our Irrevocable Letter of Credit #403JFP, the amount of which is available by beneficiary's draft or drafts drawn upon us, which shall be paid at sight, when accompanied by the following document: A written statement of the Director ("the Director") of the Mined Land Reclamation Division of the State of Colorado ("the Division") certifying that he is a duly authorized official acting on behalf of the State of Colorado and that the amount of the accompanying sight draft is due and payable to the State of Colorado pursuant to applicable provisions of Colorado statutes governing mined land reclamation and that Richard N. Casey, dba Casey Concrete Company or its successor has neglected, failed, or refused to pay such amount although requested to do so by the Director. Each sight draft so drawn and presented shall be honored by us if presented prior to the close of business on the expiration date of this letter of credit. This credit refers to Richard N. Casey dba Casey Concrete company's application for a permit to engage in mining and reclamation activities within the State of Colorado.