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WELLS F RGO BANK, N.A. <br /> TRADE SERVICES DI`IISION, NORTHERN CALIF ORIN <br /> 525 MXRMT STREET, 25TH FLOOR <br /> SAN FRkNCISCO, CALIFORNIA 94105 <br /> IRREVOCABLE LETTER OF CREDIT <br /> Date: August 1991 <br /> Letter of Credit No: <br /> THE CITY OF TR=ACY <br /> (Address) <br /> Tracy, 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 1ndust7al ( "Account party") , a California '_Tilted <br /> partnership, in your favor in the amount of ( in words) <br /> United States <br /> Dollars Min numbers) 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 teras of this Credit. <br /> _his Credit expires at our above office on (date) <br /> _992 . <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 dells Fargo Bank, <br /> N.A. Irrevocable Latter of 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 teras of this Credit. <br />