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Page 3 of 3 <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 credit, <br />and will be surrendered to the Bank with any draft which draws the full <br />amount, or the balance remaining available, under this letter of credit. <br />Delivery of the original letter of credit, sight draft(s) and all other <br />documents required as a condition precedent for payment, may be made by <br />overnight courier to the Bank. Each payment on a draft shall reduce the <br />aggregate above written amount by the amount drawn. <br />This Letter of Credit is subject to Uniform Customs and Practice for <br />Documentary Credits (1993 Revision), International Chamber of Commerce - <br />Publication No. 500 (the "UCP500") and shall be governed by the laws of the <br />State of Colorado with respect to subject matters not addressed by the <br />UCP500. In the event of an action between the beneficiary and the Bank <br />regarding this letter of credit, the bank submits to the jurisdiction and <br />venue of the Denver District Court, State of Colorado. The Bank agrees to <br />accept service of process in any such action, if service is made by registered <br />or certified mail (return receipt requested) or courier service, postage or <br />delivery fee prepaid, to the address of the Bank set forth above. <br />If any expiration date specified herein shall fall upon a day other than a <br />regular business day of the Bank, the expiration date shall ipso facto be <br />extended to the close of business on the next successive business day of <br />the Rank. <br />JASPER BANKING COMPANY <br />James H. Bryan <br />Senior Vice President <br />JHB:sme