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IRREVOCABLE LETTER OF CREDIT <br />The Colorado East Bank & Trust Bank of Springfield, CO. <br />Street: 1030 Main Street, P.O. Box 32 <br />City: Springfield <br />State: Colorado <br />Area Code: 719 <br />Beneficiary: <br />STATE OF COLORADO <br />MINED LAND RECLAMATION BOARD <br />215 CENTENNIAL BUILDING <br />1313 SHERMAN STREET <br />DENVER, COLORADO 80203 <br />Applicant: J & P Trucking <br />Street: 31034 County Road 24 <br />Zip Code: _ <br />Telephone: <br />1 <br />523 -6900 <br />R E C _ D <br />JUL 0 5 2013 <br />DMSION OF RECLAMATION <br />MINING AND SAFETY <br />LETTER OF CREDIT NUMBER: <br />Amount U.S. $24,347.61 <br />Date of Issuance: July 2, 2013 <br />Initial Expiration Date: June 27, 2014 <br />City. Springfield <br />State: Colorado Zip Code: 81073 <br />Area Code: <br />Gentlemen: <br />719 <br />Telephone: 523-6878 <br />We hereby issue and establish our irrevocable letter of credit, the amount of which is available by beneficiary's draft or <br />drafts drawn upon us, which shall be paid at sight, when accompanied by the following document: <br />A written statement of the Director ( "the Director ") of the Division of Reclamation, Mining and Safety of the <br />State of Colorado ( "the Division') certifying that he is a duly authorized official acting on behalf of the State of <br />Colorado and that the amount of the accompanying sight draft is due and payable to the State of Colorado <br />pursuant to applicable provisions of Colorado statutes governing mined land reclamation and that <br />J & P Trucking or its successor has neglected, failed, or refused to pay such <br />amount although requested to do so by the Director. <br />Chartered 1905 <br />