BANK LETTERHEAD

Santiago Auctions
501 E. Britton Rd.
Oklahoma City, OK 73114

Dear Santiago Auctions:

This letter will serve as your notification that

_____(Bank name)_______will irrevocably honor and guarantee payment of any

check(s) written by our customer ______(Customer Name)______ up to the

amount of $____ (Amount Guaranteed)____and drawn on account number

_(Customer Account Number)_ . No stop payments will be issued.

This Letter of Credit is for the purpose of the purchase of automobiles or

other property by our customer in connection with the Santiago Classic

Collector Car Auction , _Insert Date_________

If further information is required, please feel free to contact this office.

Sincerely,
________________________
(Bank Officer's Signature)

__________________________________
(Bank Officer's Telephone number)

__________________________________
(Customer Signature)