Letter of Credit ISSUING BANK: ASAHI BANK LTD. TOKYO SEQENCE OF TOTAL 1/1 FORM OF DOC. CREDIT: IR

Letter of Credit

ISSUING BANK: ASAHI BANK LTD. TOKYO

SEQENCE OF TOTAL 1/1

FORM OF DOC. CREDIT: IRREVOCABLE

DOC. CREDIT NUMBER: ABL-AN107

DATE OF ISSUE: 20090405

EXPIRY DATE: 20090615 PLACE CHINA

APPLICANT: ABC CORPORATION

123 RED FLOWER STREET OSAKA,JANPAN

BENEFICIARY: GUANGDONG TEXTILES IMP. AND EXP.

WOOLEN KNITWEARS COMPANY LTD.

168XIAOBEIROADGUANGZHOU 510045 CHINA

AMOUNT: USD20000.00

(SAY U. S. DOLLARS TWENTY THOUSAND ONLY)

AVAILABLE WITH/BY: ANY BANK BY NEGOTIATION

DRAFT AT: DRAFT AT SIGHT FOR FULL INVOICE VALUE

DRAWEE: ASASI BANK LTD. TOKYO

PARTIAL SHIPMENTS: ALLOWED

TRANSSHIPMENT: ALLOWED

LOADING IN CHARGE: GUANGZHOU PORT

FOR TRANSPORT TO: OSAKA,JAPAN

LATEST DATE OF SHIPMENT: MAY 15,2009

DESCRIPTION OF GOODS: LADIES GARMENTS AS PER S/C NO. SH107

PACKING: 10PCS/CTN

ART NO. QUANTITY UNIT PRICE

STYLE NO. AH-04B 2000PCS USD5.50

STYLE NO. FLORES 2000PCS USD4.50

PRICE TERM: CIF OSAKA

DOCUMENTS REQUIRED:

1) 3/3 SET OF ORIGINAL CLEAN ON BOARD OCEAN BILLS OF LADING MADE OUT TO ORDER OF SHIPPER AND BLANK ENDORSED AND MARKED "FRIGHT PREPAID" NOTIFY APPLICANT (WITH FULL NAME AND ADRESS).

2) ORGINAL SIGNED COMMMERCIAL INVOICE IN 5FOLD.

3) INSURANCE POLICY OR CERTIFICATE IN 2 FOLD ENDORSED IN BLANK, FOR 110 PCT OF THE INVOICE VALUE COVERING THE INSTITUTE CARGO CLAUSES(A), THE INSTITUTE WAR CLAUSES, INSURANCE CLAIMS TO BE PAYABLE IN JAPAN IN THE CURRENCY OF THE DRAFT.

4) CERTIFICATE OF ORIGIN GSP FROM A IN 1 ORIGINAL AND 1 COPY.

5) PACKING LIST IN 3FOLD.

ADDITIONAL COND:

1. T.T. REIMBURSEMENT IS PROHIBITED.

2. THE GOODS TO BE PACKED IN EXPORT STRONG COLORED CARTONS.

3. SHIPPING MARKS: ITOCHU

OSAKA

NO. 1-400

DETAILS OF CHARGES: ALL BANKING CHARGES OUTSIDE JAPAN INCLUDING REMBURSEMENT COMMISSION, ARE FOR ACCOUNT OF BENEFICIARY

PRESENTATION PERIOD: DOCUMENTS TO BE PRESENTED WITHIN 10DAYS AFTER THE DATE OF SHIPMENT, BUT WITHIN THE VALIDITY OF THE CREDIT.

CONFIRMATION: WITHOUT

INSTRUCTIONS: THE NEGOTIATION BANK MUST FORWARD THE DRAFTS AND ALL DOCUMENTS BY REGISTERED AIRMAIL DIRECT TO US IN TWO CONSECUTIVE LOTS, UPON RECEIPT OF THE DRAFTS AND DOCUMENTS IN ORDER. WE WILL REMIT THE PROCEEDS AS INSTRUCTED BY THE NEGOTIATING BANK.