M/S L.G INTERNATIONAL CORP

LG TWIN TOWERS 23RD FL EAST

TOWER YEONGDUNG YOUNGDUNGPO-GU

SEOUL 150 721 KOREA

EXPORT LC.

OUR REF:                     5749256509 (A520190913624)

LETTER OF CREDIT NO:      LC99/12195444

OPENED BY:                  CORPORATION BANK

EXPIRY DATE:                NOV. 15. 1999

BY ORDER OF:                M/S. HIMATLAL IMPEX PVT.LTD.

AMOUNT:                     USD19,250.00

DEAR SIRS,

AT THE REQUEST OF THE ISSUING BANK INDICATED ABOVE, WE ENCLOSE ORIGINAL LETTER OF CREDIT.

THIS IS SOLELY AN ADVICE AND CONVEYS NO ENGAGEMENT BY US.

THIS ADVICE IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS CURRENTLY ENFORCED.

PLEASE DIRECT ANY INQUIRIES, QUOTING OUR REFERENCE NUMBER, TO:

CITISERVICE DEPARTMENT

CITICORP CENTER BLDG, 89-29 SHINMOON-RO 2-KA,

CHONGRO-KU, SEOUL, KOREA

TEL:    822-****-1100     FAX:     822-****-1103

CITIBANK N.A.

AUTHORIZED SIGNATURE

TRP7876 GWA7726

SELRT

.APCDXCB 101408

TEST SECURED AMT 19250

2137 10CITIKRSXAXXX579189

1906 10CORPINBBA444077934

700 02

:27: (Seq of Total)

1/1

:40A:(Form of Doc Credit)

IRREVOCABLE

:20:(Our Ref Num)

LC99/12195444

:31C:(Date and place of Expiry)

991115SEOUL

:51D:(Applicant bank)

CORPORATION BANK, OVERSEAS BRANCH,

EARNEST HOUSE, 1/F , N. C. P. A MARG

NARIMAN POINT, MUMBAI- 400 021

(INDIA)

:50: (Applicant)

M/S. HIMATLAL IMPEX PVT. LTD.

DOLI CHAMBERS, 6TH FLOOR,

STRAND ROAD, COLABA,

MUMBAI - 400 005  ( INDIA )

:59: (Beneficiary)

M/S L.G INTERNATIONAL CORPORATION

LG TWIN TOWERS, 23RD FLOOR, EAST

TOWER, YEONGDUNG, YOUNGDUNGPO -GU

SEOUL 150 721, KOREA.

:32B:(Currency code and amount)

USD19250,00

:41D:(Available with..by...)

ANY BANK

BY NEGOTIATION

:42C:(Drafts at...)

SIGHT

:42D:(Drawee)

M/S HIMATLAL IMPEX PVT LTD

DOLI CHAMBERS, 6TH FLOOR,

STRAND ROAD, COLABA, MUMBAI - 400 005.