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ABC Bank Irrevocable Documentary Credit No. 2234 dated June 25, 1999 Advising Bank: Bank of China, Beijing Applicant: China National Machinery Imp./Exp. Corp. Beneficiary: Smith Co. Amount: French Francs 900,000.00 (Say French Francs Nine Hundred Thousand Only) Expiry Date: Sept. 15, 1999for negotiation in China We hereby issue in your favor this documentary credit which is available by presentation of your draft drawn at 30 days after sight on us bearing the clause: Drawn under documentary credit No. 2234 of ABC Bank accompanied by the following documents: Signed Commercial Invoice