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.EXHIBIT B • <br /> FORM OF LETTER OF CREDIT <br /> [LETTERHEAD OF BANK] <br /> 198_ <br /> The City of St . Anthony <br /> St . Anthony City Offices <br /> Administrative Offices <br /> 3301 Silver Lake Road <br /> St . Anthony, Minnesota 55418 <br /> Re: Irrevocable Letter of Credit No. <br /> Amount : $360, 000 . 00 "U. S. Funds <br /> Gentlemen: <br /> We hereby establish our Irrevocable Letter of Credit No . <br /> and authorize you to value on us at sight the sum not to exceed <br /> $360 , 000 . 00 (Three Hundred Sixty Thousand and None/Hundreds <br /> U. S. Dollars) for the account of ST. ANTHONY LANEL. <br /> There are no conditions to this Irrevocable Letter of Credit . <br /> DRAFTS DRAWN UNDER THIS IRREVOCABLE LETTER OF CREDIT MUST BE <br /> CLAUSED "DRAWN UNDER [BANK' S] IRREVOCABLE LETTER OF CREDIT NO. <br /> DATED 1988 . " <br /> WE HEREBY AGREE WITH DRAWERS, ENDORSERS, AND BONA FIDE HOLDERS <br /> OF DRAFTS DRAWN UNUER AND IN COMPLIANCE WITH THE TERMS OF THIS <br /> IRREVOCABLE LETTER OF CREDIT THAT THE SAME SHALL BE DULY <br /> HONORED UPON PRESENTATION AT THIS BANK IF DRAWN AND NEGOTIATED <br /> ON OR BEFORE 1989 . <br /> EXCEPT AS OTHERWISE EXPRESSLY STATED, THIS IRREVOCABLE LETTER <br /> OF CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR <br /> DOCUMENTED CREDITS, INTERNATIONAL CHAMBER OF COMMERCE, <br /> PUBLICATION 400, EFFECTIVE OCTOBER 1, 1984 (1983 Revision) . <br /> [BANK] <br /> By <br /> Its <br />