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2006-11-24 LOC Amendment II 6512-117ALLIANCE BANK November 24, 2006 City of Albertville 5975 Main Avenue NE P.O. Box 9 Albertville, MN 55301 RE: Irrevocable Letter of Credit No. 6512-117 Amendment H In the original amount of $652,408.00 For the account of Contractor Property Developers Company In reference to Towne Lakes 6A Addition Dear Sir or Madam; Alliance Bank hereby amends the above referenced Letter of Credit as follows: • The aggregate amount of this Letter of Credit shall be reduced from the current amount of $329,649.00 to an amended amount of $268,638.00. Except as otherwise expressly stated herein, all other terms and conditions of the original Letter of Credit shall remain in full force and effect. Alliance Bank Sta ey hdMwards" Vice President 444 CEDAR STREET A SUITE 120 A ST. PAUL, MN 55101 A (651)229-0070 A Fax (651)229-0966