APPLICATION FOR IRREVOCABLE DOCUMENTARY CREDIT

(ORIGINAL)

To: Sumitomo Mitsui Banking Corporation / Date:
Taipei Branch Offshore Banking Branch (the “Bank”)

I/We hereby request you to issue your IRREVOCABLE documentary credit (the “Credit” or “L/C”) for our account in accordance with the under-mentioned instructions (marked with an ‘X’ where appropriate)

Credit to be issued by: teletransmission
(air) mail courier with brief advice by teletransmission / 20 / Documentary Credit No.:
31D / Expiry date (yy /mm/dd )
in the country of beneficiary
57 / Advising bank: (if blank, your designated correspondent) / 50 / Applicant:
40A / Transferable by
(if blank, at your option)
59 / Beneficiary: / 32B / Amount (in figures and/or words)
43P / Partial shipments: allowed prohibited / 39A / Credit amount and shipment quantity% more or less acceptable
43T / Transshipment: allowed prohibited / 41D / Credit available by payment acceptance negotiation against presentation of documents stipulated hereinafter and Beneficiary’s drafts
44C / Not later than (yy/mm/dd) / 42 / at sight at
drawn on us for 100% of invoice value
44A / Place of Receipt: / 44E / Port of Loading: / 44F / Port of Discharge: / 44B / Place of Final Destination:
46ADocuments required:
Signed Commercial Invoice in
Packing List in
Full set 2/3 set of clean on board ocean bills of lading made out to the order of the shipper and blank endorsed
Sumitomo Mitsui Banking Corporation and marked freight collect prepaid and notify Applicant, indicating this Credit number
Clean air waybill consigned to Sumitomo Mitsui Banking Corporation and mark freight
collect prepaid and notify the Applicant, indicating this Credit number.
Cargo receipt issued and signed by the authorized signatory(ies) of the Applicant certifying receipt of the goods in good order and condition.
Also, indicating date of receipt, quantity and value of goods.
Insurance policy or certificate in assignable form, blank endorsed for 110% of invoice value, covering Institute Cargo Clauses A/B/C
(Air), Institute War Clauses ( Cargo/ Air Cargo) and Institute Strikes Clauses ( Cargo/ Air Cargo), with claims payable at
destination in the same currency of this Credit and indicating the name and address of claim agent at destination
Beneficiary’s certificate certifying that one set of non-negotiable documents and 1/3 original bill of lading have been airmailed directly to the
Applicant withindays after shipment is effected
45AEvidencing shipment of:
FOB CFR CIF Other Terms:
47AOther terms and conditions (Please state the documents to be presented to evidence compliance of the conditions specified)
71BAll banking charges except L/C issuing commission are for account of Beneficiary Applicant
Acceptance commission is for account of Beneficiary Applicant (For Usance Credit Only)
48Documents must be presented withindays after the date of shipment but within the validity of this Credit.
49Confirmation Instructions: confirm may add without
Charges of Confirmation are for account of Beneficiary Applicant
Additional instructions:
Insurance to be covered by the ultimate buyer / Applicant
The negotiating bank is allowed to claim reimbursement by Teletransmission on your designated correspondent if all terms and conditions of this
Credithave been complied with.
In consideration of your issuing a credit substantially conforming to the above request, I/We hereby agree and undertake to be bound by the terms and conditions stated overleaf.
Please debit our account No. for the charges concerning this Credit.
Back-to-back L/C (Master letter of credit No. attached herewith.)
Documents must be sent to L/C opening bank in one / two lots ( If not desired, we will call for documents in one lot).

*If L/C terms on FOB/CFR/FCA basis, please arrange insurance and send us the insurance policies/certificate within 5 days.

Yours truly,
Signature
Verified
Authorized Signature
Applicant:
Attn.:
Tel
No.:
Instruction via Fax, please proceed debit, the original will be delivered afterwards.

GENERAL CONDITIONS

In addition to the foregoing, the Applicant hereby agrees with the Bank as follows:

1.General Agreements. This Application is submitted pursuant to, and the transactions contemplated hereby shall be governed by, the terms and conditions of the Banking Facilities Confirmation Letter, if any, and/or that certain General Agreement for Banking Transactions (collectively, the "General Agreements") each entered into between the Applicant and the Bank. The General Agreements are incorporated herein by reference and made a part hereof.

2.Fee. The Applicant shall pay to the Bank its handling charge(s)/fees as agreed on the full face amount of the L/C plus gross business receipts tax payable, if any, in full on the date the L/C is issued, and such other sums as provided elsewhere herein.

3.Eligibility. The Applicant acknowledges that this application and the issuance of the L/C are governed by the various laws and regulations issued and/or amended from time to time by the Central Bank of the Republic of China or other competent authorities. Notwithstanding its acceptance of this Application, the Bank shall not be obligated to issue any letter of credit which the Applicant is not qualified to apply for under such applicable laws and regulations.

4.Conditions Precedent. The Applicant shall, as a condition precedent to the Bank issuing the L/C, deliver to the Bank in form and substance satisfactory to the Bank, (i) if applicable, a correct, duly issued and valid import permit pursuant to which the L/C is to be issued, (ii) such other documents and instruments as the Bank may request and (iii) payment of the fee set out in paragraph 2, above.

5.Transmission of L/C. All instructions and correspondence with respect to the L/C shall be sent at the risk of the Applicant and neither the Bank nor any of its agents shall be responsible for any inaccuracy, interruption, error or delay in transmission or delivery of the L/C.

6.UCP. The L/C issued hereunder is subject to the latest version of the Uniform Customs and Practice for Documentary Credits as in effect on the date of issuance thereof.

7.Payment. The Applicant hereby authorizes the Bank to accept all drafts and documents presented for payment under the L/C and to effect payment on behalf of the Applicant. The Applicant acknowledges that in effecting such payment, the Bank shall only be obligated to examine the documents submitted for said payment with reasonable care to ascertain that they appear on their face to be in accordance with the terms and conditions of the L/C but shall not be obligated to look into the correctness, genuineness or authenticity of the same. Neither the Bank nor any of its agents or employees shall be responsible for the correctness, genuineness or authenticity of any of such documents.

8.Expenses. The Applicant shall pay promptly all freight, landing, storage charges, insurance premium and other expenses in respect of the goods to be purchased under the L/C. In the event that the Applicant fails to effect such payment promptly, the Bank shall be entitled, but not obligated, to effect such payment on behalf and for the account of the Applicant.

9.Reimbursement and Pledge. The Applicant shall, within five (5) days or such longer time otherwise agreed by the Bank after receipt of notice from the Bank with respect thereto, reimburse to the Bank any and all sums paid by the Bank on its behalf hereunder or under the L/C together with interest thereon at the Applicable Rate under and as defined in the General Agreements or determined between the Bank and the Applicant from the date of payment by the Bank to and including the date of reimbursement by the Applicant to the Bank. Should the Applicant fail to make reimbursement as required hereunder, default interest at the Default Rate under and as defined in the General Agreements shall be payable on such sums, on demand, from the date of payment by the Bank to the date of actual reimbursement by the Applicant to the Bank. The Applicant shall, on demand, fully indemnify the Bank and hold the Bank harmless from and against any and all losses, costs, damages, expenses, claims and actions incurred by the Bank arising from the issuance of the L/C. To secure its obligations hereunder, in addition to any Security, the Applicant hereby pledges to the Bank all goods, Bills of Lading, delivery orders, warranties and other rights and benefits in connection with the transactions under the L/C and hereby irrevocably authorizes the Bank to take delivery of the goods, dispose of the same by private sale or public auction without demand or notice to the Applicant and to apply the proceeds of such disposal against any and all sums due or to become due to the Bank.