COMMERCIAL LETTER OF CREDIT APPLICATION AND AGREEMENT

Date Head Office: SWIFT Address: Cable Address: Legaspi Tower 300, Roxas Blvd. Malate, Manila Tel. No. 521-6172 MBBEPHMM 62033 Maybank PN Exchange Rate: Charges: Opening Commission: Cable/SWIFT Doc. Stamps Commitment Fee Others TOTAL

Gentlemen: Please Issue a letter of credit as follows: ADVISING BANK: 40A: FORM OF DOCUMENTARY CREDIT IRREVOCABLE 20: 40E: 31C: 31D: 50: DOC. CREDIT NUMBER APPLICABLE RULES DATE OF ISSUE DATE AND PLACE OF EXPIRY APPLICANT / BUYER NAME ADDRESS BENEFICIARY / SELLER / SUPPLIER NAME ADDRESS CURRENCY CODE, AMOUNT: AVAILABLE WITH NEGOTIATION DRAFTS AT SIGHT DRAWN ON ISSUING BANK PARTIAL SHIPMENTS: ALLOWED TRANSSHIPMENT: ALLOWED SHIPMENT/DELIVERY FROM DESTINATION TO/ PLACE OF DISCHARGE LATEST DATE OF SHIPMENT/DELIVERY DESCRIPTION OF GOODS AND/OR SERVICES:

TRANSFERABLE

STANDBY L/C

59:

32B: 41D: 42C: 42A: 43P: 43T: 44E: 44F: 44C: 45A:

ACCEPTANCE USANCE (specify) CONFIRMING BANK NOT ALLOWED NOT ALLOWED

PAYMENT OTHERS

SHIPPING TERM CFR BSP COMMODITY CODE NO(S) 46A:

CIF

FOB

OTHERS (specify)

DOCUMENTS REQUIRED (MARKED X) One full set clean On Board Ocean Bills of Lading plus two non-negotiable copies L/C number issued to the order of PREPAID / COLLECT notify MAYBANK PHILIPPINES, INC., Manila marked freight accountee , Bill of Lading dated prior to the opening date of this credit not acceptable Airway Bill issued to the order of MAYBANK PHILIPPINES, INC marked freight PREPAID / COLLECT notify accountee. Commercial/Sales Invoice in triplicate. Packing List in triplicate / Delivery Receipt Marine insurance or certificate in duplicate for percent of full invoice value Otherrs

47A:

ADDITIONAL CONDITIONS A. All copies of the shipping documents such as but not limited to the Bill of Lading Airwa Bill or Postal Receipt must Legibly contain the L/C number pertaining to the shipment. CHARGES: ALL BANK CHARGES OUTSIDE THE PHILS. ARE FOR THE ACCOUNT OF APPLICANT BENEFICIARY (except) PERIOD OF PRESENTATION CONFIRMATION INSTRUCTIONS: CONFIRMED UNCONFIRMED BANK TO BANK INFORMATION: TO BE ACCOMPLISH BY MPI ONLY

71B: 48: 49:

MAY ADD

43: 78:

REIMBURSING BANK: INSTRUCTION TO PAY/ACCT./NEGO BANK The amount of each drafts and/or documents for negotiation drawn against this credit must be annotate/endorsed on the reverse by the Negotiating Bank. SENDER TO RECEIVER INFORMATION This credit is subject to UCP Doc. Credit (2007 Rev.) ICC PUB no. 600 In consideration of your arranging for the establishment of this Commercial Letter of Credit (hereinafter referred to as the Credit) substantially in accordance with the foregoing the undersigned hereby (jointly and severally) agrees(s) to each and all of the stipulated provisions and conditions on the reverse side.

72:

Please sign Officially Signature Verified by: