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mjJL <br />_ Premier Bfui <br />• ■ '* wtiiip n» AM Avrtjt If • Ri7''?-v-7;oo <br />1; ^rr:^ <br />nks <br />if if^i <br />< ‘.V J •’V <br />c**' *7 <br />M/IM * ‘l'» '^Of A *‘''.IO<l ^.«HFn f PIC <br />July 19. 1994 <br />>C <br />301 cfntmm .‘..r^n'C <br />(Tv*^* .» MM 5'1 9 <br />nr mi Ttv» <br />w MK'»»*wv,> *r. <br />wj^4 vmr MM ssm <br />eir.fvi »«ivii <br />riAi iM»Mf» <br />WH»n? Bf AH I AKf VN 551 1* <br />AT 'An*) <br />I-dler of Credit #365 <br />Issued ill 6i\or or <br />Minneliaha Creek Wa'erslied Dish id <br />14600 Minnelialia P.vd. <br />Minnetonka, MN 55435-1597 <br />Attn: Cllen Somes <br />Dear Ms. Somes; <br />Premier Bank hereby establishes its letter of credit in your favor for the account of William J. <br />Stoild.ird in the ayeiegate amount of Two Thousand Five Hundred dollars (S2,500v00) <br />available bv vour iliafts shown at sight on Premier Bank.. <br />• <br />Premier Bank hereby agrees with bonallde holders that all drafts drawn under and in . • <br />compliance with the terms of this credit shall be duly honored on presentation and delivery of <br />doi.'Minents as specified t<» the drawee if drawn and negotiated on or before July 19, 1995. The <br />aggiegaie aiiHiunt «lr;uvn on this crcilii shall not exceed $2,500.00. Tliis credit becomes void if <br />not used on or before July 19, 1995. <br />Your negotiations of any draft or drafts under this letter of credit shall be considered a <br />guaranty to Premiei Bank and that the terms and conditions expressed llierein have been. •, <br />fulfilled. •“ •• • •• • <br />V* .• • •. * <br />Unless otherwise espiessly staled. Uiis letter of credit is Subject to the Uniform Customs a'"J <br />Practice for l)ocnmentai y Credits. I.C. Publication No. 500 (1993 Revision)- (Note * for the <br />purposes of ap[>lying said UCP Standards, Premier Bank shall be governed by the reflations <br />applying to Issuing banks). . <br />Sincerely, <br />// • <br />. •. • <br />I <br />t* . <br />.Sean O. Regan ' <br />President, Premier Bank Roseville <br />SOR/pm <br />‘ * * <br />* *• • ••