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1999-1013_ROBISON COMPANY, THE_Irrevocable Standby Letter of Credit'>'i'. 19.100 Von Karm^ #550, Irvine,.CA 92715 ., .. ., .: ^^^ -^.^A-^ '\0 . • f Telex No.: 49656777 MB: EBINTL =. M 1 ; (714) 798.1100 Tax (714). 79.8.115I •SBrSK3016 •^iJllJl' '•i-^o^^: ^October 12,1999 City of San Juan Capis'trano 32400. Paseo Adeianto .^SariJuanCapistnaao, CA926I?,. 'H'^,"'^ ii'-Y"^^ 7'"'Ts Gentlemen: --rr^i, .:'-'-'-n, ''^-^^^i. ^^ 0^-^ H .:-":' ^' ; We herebyissue ouif Irtevppable S^ntiby^Letter of'Cfe{|IJ Number Sp-^0016 ig^ydtiKfavor byOfder-i. and fbf-abcount of ^fe^an Juan A^sotSates, LLCi^3535 E. Pacific Cb'dst Highway.'^^tiite 307 ' " Corona Del Mar, CA 92627 for a sum not exceeding in all TEN THOUSAND TWO HUNDRED "Department 24C^12'0alle de li'N&ta, Suit^H-'SO^'LagunaT^fltS-eA 92653 •aeeompanied tjy the' following documents: I Jdan Assodates, LLC has failed to complete the grading of 32201 Peppertree Bend, San Juan Capistrano, County of Orange, also known as parcel 1 of oarcel map 97-128 (formerly known :: ^5aslot35,;tf3et.i®593)>^:^JinBaly31,^6e^^^ 'H,XA| 'i-'"'^^.m ^fim liiiL^:: mJr'^ (2) Original of this Standby Letter of Credit. before February 15, 2000.' .,F^^ldrawing^are^permitt^dj^^^^^ ,..^T;., ^j^^-. All drawings mdst be accompanied by this original Standby'Letter of Credit and all draft(s) must bear the clause 'DRAWN UNDER ELDORADO BANK STANDBY LETTER OF CREDIT NO. SB- 90018O4T|OOCTpB|^^2,199|.^.^ .r/lf. flti':. Except'so'far as othl^se'expressly-staled, this Sfefetiy Letter'of-Creclit is sub]ed46Yhe Uniferrh Customs and Practice for Documentary Credits (1993 revision). International Chamber of Cpmjnerce Publica^jpn 500., . ,. >.4i.,-.. n-Hriii ilft.ii^ Sincbrely, •j'^K^.*:- "-ivj ip,'^^?: n-n^-'ti, ft^i^'-"- .i^--::-;-. •3U^^ 'rf.lf.^fi n:..,,:-,;. ... . 7r^:» i;!:^^ ^KZ- MaryMb.MitldJetoo^^:.if4,f' tjlU^ U-Jj^ ^n.uj'^ '"' - ' ' International Specialist International Department LCIS-05 (11-95) WOdd Wd0S=V 666L-2L-0L a. ' ELDORADO BANK. INTERNATIONAL BANKING DEPARTMENT TRANSMITTAL COVER SHEET FACSIMILE NUMBER: (949) 770-0491 DATE: TO: ATTN: FROM: Total of ^ pagc(s)- including cover sheet. Any questions please call (949) 206-5218. Comments: U WOdd Wd0S=r 666L-21-01 ELDORADO Telex No.: 49656777 19100 Von Karman #550, Irvine, CA 92715 ^^"^^^ (714) 798-1100 Fax (714) 798-1150 SB-90016 DATE October 12, 1999 RECblVED OCT 14 1999 City of San Juan Capistrano ^^'™G DiViSiON 32400 Paseo Adeianto San Juan Capistrano, CA 92675 Gentlemen: We hereby issue our Irrevocable Standby Letter of Credit Number SB-90016 in your favor by order and for account of MB San Juan Associates, LLC 3535 E. Pacific Coast Highway, Suite 307 Corona Del Mar, CA 92627 for a sum not exceeding in all TEN THOUSAND TWO HUNDRED NINETY THREE AND NO/100 DOLLARS UNITED STATES CURRENCY (US$10,293.00) available by presentation of your draft(s) drawn at sight on Eldorado Bank International Department 24012 Calle de la Plata, Suite 150, Laguna Hills CA 92653 accompanied by the following documents: (1) Beneficiary's signed written statement certifying: 'The undersigned, an authorized representative of the City of San Juan Capistrano, hereby certifies that MB San Juan Associates, LLC has failed to complete the grading of 32201 Peppertree Bend, San Juan Capistrano, County of Crange, also known as parcel 1 of parcel map 97-128 (formerly known , as lot 35, tract 10593), by January 31, 2000'. (2) Criginal of this Standby Letter of Credit. We engage with you that all draft(s) drawn under and in compliance with the terms of this credit will be duly honored by us as specified if presented before the end of business at this office on or before February 15, 2000. Partial drawings are permitted. All drawings must be accompanied by this original Standby Letter of Credit and all draft(s) must bear the clause 'DRAWN UNDER ELDCRADC BANK STANDBY LETTER CF CREDIT NC. SB- 90016 DATED CCTCBER 12, 1999'. Except so far as otherwise expressly stated, this Standby Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits (1993 revision), international Chamber of Commerce Publication 500. Sincerely, ^ ^^(ji^{ /]tcJ^lc4^L___^,, ,_ : ..^ Mary Ahn Middleton International Specialist international Department LCIS-05 (11-95) ELDORADO BANK 19100 Von Karman #550, Irvine, CA 92715 (714) 798-1100 Fax (714) 798-1150 SB-90016 ^^^^ October 12, 1999 Telex No.: 49656777 A/B: EBINTL City of San Juan Capistrano 32400 Paseo Adeianto San Juan Capistrano, CA 92675 Gentlemen: We hereby issue our Irrevocable Standby Letter of Credit Number SB-90016 in your favor by order and for account of MB San Juan Associates, LLC 3535 E. Pacific Coast Highway, Suite 307 Corona Del Mar, CA 92627 for a sum not exceeding in all TEN THCUSAND TWC HUNDRED NINETY THREE AND NC/100 DCLLARS UNITED STATES CURRENCY (US$10,293.00) available by presentation of your draft(s) drawn at sight on Eldorado Bank International Department 24012 Calle de la Plata, Suite 150, Laguna Hills CA 92653 accompanied by the following documents: (1) Beneficiary's signed written statement certifying: The undersigned, an authorized representative of the City of San Juan Capistrano, hereby certifies that<^b San Juan Associates, LLC has failed to complete the grading of 32201 Pepsej^e Bend, San Juan Capistrano, County of Crange, also known as parcel 1 of.^ar^)rtap 97-128 (formerly known as lot 35, tract 10593), by January 31, 2000'. (2) Criginal of this Standby Letter of Credit. We engage with you that all draft(sV^^^^i^Wjer and in compliance with the terms of this credit will be duly honored by us as^pS^^^f presented before the end of business at this office on or before February 15, 200^S^^^^ Partial drawings are ^rmitted. All drawings must be accompanied by this original Standby Letter of Credit and all draft(s) must bear the clause 'DRAWN UNDER ELDCRADC BANK STANDBY LETTER CF CREDIT NC. SB- 90016 DATED CCTCBER 12, 1999'. Except so far as otherwise expressly stated, this Standby Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits (1993 revision). International Chamber of Commerce Publication 500. Sincerely, i{iy(^^ i //'' y A /'•7rY Mary Ann Middleton International Specialist International Department LCIS-05 (11-95)