STATE OF CALIFORNIA DEPARTMENT OF REAL ESTATE IRREVOCABLE STANDBY LETTER OF CREDIT [Regulation 2792.9] SUBDIVISIONS TO 227 223BENEFICIARY ESCROW224 NAME OF ESCROW-HOLDER ESCROW NUMBER ADDRESS, CITY, STATE, ZIP CODE FROM 227 223ISSUER BANK224 NAME OF ISSUER ADDRESS, CITY, STATE, ZIP CODE STANDBY LETTER OF CREDIT NUMBER AMOUNT EFFECTIVE DATE EXPIRATION DATE SUBDIVIDER NAME OF SUBDIVIDER ADDRESS, CITY, STATE, ZIP CODE ASSOCIATION NAME OF OWNERS ASSOCIATION ADDRESS, CITY, STATE, ZIP CODE SUBDIVISION NAME OF SUBDIVISION COUNTY TYPE OF SUBDIVISION DRE FILE NUMBER We hereby establish our irrevocable Standby Letter of Credit in your favor available by payment on your draft(s) drawn at sight on Issuer Bank and presented to Issuer Bank at the address stated above. Drafts must be marked as drawn under the Standby Letter of Credit Number stated above, and be accompanied by this original of this Standby Letter of Credit and Special Conditions: American LegalNet, Inc. www.FormsWorkFlow.com RE 643I 227 Reverse renewed for an additional one year period. In this event you may draw on us by presenting your sight draft. We engage with you that all drafts drawn under and in compliance with the terms of this credit will be duly honored if Dated: Name of Bank City, State, & Zip Code American LegalNet, Inc. www.FormsWorkFlow.com