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JAN-10-2007 15:44 LAMBERT r'r � ' � 630 963 4090 P.01 <br /> January 10, 2007 <br /> Ple-nonal <br /> IRREVOC ABILKSTAINDBY LETTER OF CREDIT <br /> -Bank <br /> -BENEFICIARY: APPLICANT: <br /> $an Joaquin,County Public Wo ks Genesis Engineering and Redevelopment <br /> 1.810.East Hazefton Ave. Sears Tower Suite 5401 <br /> Stockton, CA 95205 233.-S.Wacker Drive <br /> Chicago, Illinois 60606 <br /> Gentlemen: <br /> We hereby.issue ourlrrevocaible Sfendby.Latter of Credit No,2007110-001 ("Credit's in favor <br /> of San Joaquin-County Public:Wo*s for.the benefit of.Genesis'Engbeeft and Redevelopment up <br /> to the aaggregete amount of TWO THOUSAND DOLLARS($2,000.00), eftetive imrnadlateiy. This <br /> Credit'is issued, presented and payable at ourcaffioes at 14701 S. Ravinia Ave., Orland Park., Itlinois <br /> 60462,Attention Cbmmercial Loan Department and-shall expire as of the close of business on <br /> February.06,2608. <br /> Funds avallable under this Credit are available#b you unocnditionally against your notarized <br /> Sight'Dra€t for any amounts not exceeding the agglregate.af TWO THOUSAND DOLLARS <br /> ($2,000-.00)where.drawn cin. <br /> us, mentioning this Letter of-Credit by number and accampasnled by a <br /> signed statement fro mm your offios that Genesis Engineering and Redevelopn*nt has failed to comply <br /> With the payment reirnbursernent requirements as imposed by San Joaquin County Public Works <br /> under their engagement to.install a ground water monitoring well.. <br /> This Credit sets Earth in full the terms of our undertaking, and may only be amended by a <br /> written,arriendment signed by the beneficiary-and us. We hereby engage with you that drafts drawn <br /> under this Credit will be honored by us when drawn and presented in compliance with the terms as <br /> stated herein.-This Credit shall expire on February 06, 2008'and if not drawn against by that date, <br /> shall'be declared null and void with no further obligations on our part. <br /> This Credit is subject to the Uniform Custom and Practice for Documentary Credits, <br /> International Chamber.of Commerce Publications No. 500;1993 revision ("UPC") and to the Uniform <br /> Commercial Code M Letters of Credit, 810 ILCS 515— 101etsea.. as amended and.in effect in the <br /> -State-of Illinois ('UCC"). To the extent thaatthe provisions of the UPC and the UCC conflict,the <br /> provisions of the UCC shall eorrtrol. <br /> First onal Bank Genesis'Engineering and Redevelopment <br /> 8Y. <br /> .Thomas V. Siskaa, 'Sr. Lender Paul L Presidii <br /> 14701 Ravinio Ave. • Orland Park, I1.60462 • 708-22.6-2727 • Fax 708-226-9236 <br /> Orland Pork.• C himoc • Lemont <br /> .wn��i'irdr.westetinrtj�efttl[_net <br />