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WELLS FARGO BANK, N.A. <br /> TRADE SERVICES DIVISION, NORTHERN CALIVORNIA <br /> { 525 MARKET STREET, 25TH FLOOR <br /> SAN FRANCISCO, CALIFORNIA 94105 <br /> F <br /> IRREVOCABLE LETTER OF CREDIT <br /> Date: August 1991 <br /> Letter of Credit No: <br /> THE CITY OF TRACY <br /> (Address) <br /> E, <br /> Tracv, California (Zip Code) <br /> Ladies and Gentlemen: <br /> We hereby establish our Irrevocable Letter of Credit <br /> No. ("Credit") for the account of King & <br /> Lyons - Tracy Industrial ("Account Party") , a California limited <br /> partnership, in your favor in the amount of (in words) <br /> Dollars ($ (in numbers) United States <br /> available with us at <br /> our above office by payment of one or more drafts drawn by you <br /> and presented to us in conformance with the terms of this Credit. <br /> This Credit expires at our above office on (date) <br /> 1992 . <br /> i <br /> Each draft drawn under this Credit shall be drawn at sight <br /> on us at our office indicated above, shall be dated the date of <br /> the accompanying certificate, shall refer to Wells Fargo Bank, <br /> N.A. Irrevocable 1Je7...Gr cf Credit No. shall be <br /> payable to the order of the City of Tracy, and shall be <br /> accompanied by the original of this Credit and a signed and dated <br /> certificate in the form of either Annex A or Annex B hereto with <br /> all instructions therein in brackets complied with. <br /> Partial and multiple drawings are permitted under this <br /> credit. <br /> If a draft is accompanied by a certificate in the form of <br /> Annex B hereto, said draft and certificate may not be dated or <br /> presented to us more than 29 calendar days before the date this <br /> Credit expires, and if such draft and certificate are 'dated and <br /> so presented more than 29 calendar days before the date this <br /> Credit expires, such draft will be dishonored as not complying <br /> with the terms of this Credit. <br />