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2003-07-25 LOC e e ~ {nur ~~~;d6tH:HH~~H~t ~$: I!du t!1d 1~ B ~Hl~~ July 25, 2003 x .[\.1.C, IRREVOCABLE STANDBY LETTER OF CREDIT NO. 07-99 City of Albertville Attn: Linda Goeb Po Box 9 Albertville, MN 55301 Irrevocable Letter of Credit No. 07-99 is hereby amended to extend the maturity date to January 1,2004. A draft drawn under this Letter of Credit must bear on its face the words: "Drawn under Northeast Bank Letter of Credit No. 07-99, dated June 9, 2000." All other terms and conditions of this Irrevocable Letter of Credit No. 07-99 shall remain unchanged. If you have any questions please feel free to contact Larry Crane at 763-792-3216 regarding this matter. Sincerely, ~ /. ~L... "--"-- Gail T. Mikolich Executive Vice President and Chief Operating Officer e e