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Buyers CHINA NATIONAL TExTILES IMPORT EXPORT CORPORATION KWANGTUNGBRANCH Sellers: Kwangchou. Cable Address ANTEX GUANGZHOU This CONTRACT is made by and between the Buyers and the Sellers whereby it is agreed thatthe Buyers purchase and the Sellers supply the undermentioned goods according to the termsand conditions stipulated below: (1) (2) (3) (4) Name of Commodity, Specifications, Country of Origin, Manufacturers, Packing and Shipping Marks Quan Unit Price Total Amount Each Package shall be stencilled with gross and net weights Package number, measurement, port of destination, country of origin and the following Shipping Mark: 5 Time of Delivery 6 Port of Loading 7 Port of Destination 8 9 Terms of Payment Lrrevocable Letter of Credit to be opened by Bank of China Kwnag-chow in favour of payable against documents as stipulated in Clause 9

documenta A B C D E F G H Number of copies required To be distributed 3 4 2 2 1 2 1 1 to the negotiating bank (original) 2 3 2 2 2 1 1 to CNFTTC at the port of destination by airmail to the Buyers by airmail 2 3 2 2 2 2 2

Force Majeure The Sellers shail not be held responsible forlate delivery or non delivery of the owing to generally recognized Force Majeure Causes However in such case the sellers shail telegraphthe Buyers immediately and deliver to the Buyers a certificate of the ac-cident issued by the Competent government Authoriities at place where the accident occurs as evidence thereof

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To: M/S COMMERCIAL INVOICE From No Data L/C No To Marks & Nos Quantities and Descriptions Amount GUANGDONG TEXTILES IMPORT EXPORT CROUP. COTTON YARN PIECE-GOODS COMPANY

(Mark & No ) (Commodity) (Quantity) (Weight)

PACKING LIST INVOICE NO L C NO. DATE

THE NAME AND ADDRESS OF BENEFICIARY SHIPPING ORDER Consignee: B/L NO VSL NO INVOICE NO Date Notify) Loading Port: LOADING PORT Destination:DISCHARGE PORT Shipping Marks:?Quantity: Description of Goods: N/W G/W Measurement; MAKRS QUANTITY NAME OF GOODS NET WEIGHT GROSS WEIGHT MEASUREMENT Special Conditions; Partial Shipment: Transhipment: Latest Shipment Date: Expiry Date Original B/L: Copy of B/L; Goods in NAME OF BENEFICIARY AND SIGNATURE

S/0# Date Customs Ves, # S.S Voy Destination Shipper Consignee Notify Weight Marks and Quantity Descripion of Goods Numbers Net Measurement Gross Total Say Total Received on board the above mentioned goods in good order and condition. Stowed Received Tallied By Chief Officer

Beneficiary: NAM KWONG TEXTILES COMPANY LTD AVENIDA DO DR RODRIGO RODRIGUES, NAM KWONG BUILDING, Amount:USD 231000-.(US dollars two hundred 14/F, MACAU Transmitting Bank: IRREVOCABLE DOCUMENTARY CREDIT NO. valid for negotiation in MACAU untinov/15/1989 and thirty-one thousand only) Applicant: GUANGDONG TEXTILES IMP.& EXP.GROUP.COTTON, YARN & PIECE- GOODS COMP. please issue in favour of the above beneficiary an irrevocable documentary credit which is availble by their draft(s)at sight for 100%invoice value on you accompanied by the following documents marked with numbers: (1)Signed commercial invoice in 3 copies indicating contract No.and L/C No. (2)Full set of clean on board ocean bills of lading made out to order and blank endorsed marked Freight prepaid Applicant notifying at destination (3)Packing list/weight memo in 3 copies showing quantity/ gross and net weight for each package (4)Certificate of quality in 3 copies issued by the manufactured. (5)Insurance policy covering all risks for 110% invoice value. (6)Your certified copy of cable advising buyers of shipment. evidencing shipment of : VISCOSE STAPLE FIBRE 1.5DX38MM RAW WHITE BRIGHT A-GRADE DENIER DEVIATION:+/-80% TENACITY:CONDITIONED:1.85G/D WET:204G/D Elongation:conditioned:1.85G/D WET120%MIN OIL CONTENT:0.25%Z/X0.05% Shipping Mark: 89ZNS-AAL041W V.S.F. LANSHI CHINA B/No.I-UP Moisture regain:9-14% SULPHURICRRESIDUE:30 MG PER 100GRAMS OF FIBRE MAX. COMMERICAL WEIGHT: TO BE CALCULATED ACCORDING TO OVEN-DRY DE-OILED WEIGHT PLUS CONVIES CONVENTIONAL ALLOWANCE 13% MANUFACTURER:FHORMOSA CHEMICAIS & FIBRE CORP.TAIWAN QUANTITY:100M000KGS UNIT PRICE: USD 2.21/KG CFRC1% LANSHI CHINA Shipment from TAIWAN to LANSHI Partial shipments Not Transhipment is allowed not later than NOV/15/1989 alowed Special Instructions: 1 Should the quality of the delivered goods be not in Conformity with Contract stipulations, the Buyer shall lodge Claim against Inspections Certificate issued by C.C.I.B. within 90days after discharge of the goods. 2 2%more or less in qunantity and amount are acceptable. 3 Third Party/s documents are acceptable. All documents are to be presented to you in one lot by lst available airmail

CFR CIF = 1 1+ FOB 1 + = 1 CFR = 1

IMPORTLICENCE OF THE PEOPLE S REPUBLIC OF CHINA 1 3 lmporte Licence Ne 2 Consignee 4 Validity 5 Terms of trade 8 Country when consigned 6 Terms offoreign exchange 9 Country of origin 7 Port of destination 10 Use of commodity 11 Marks & numbers - number of packages 12 Description of commodity Commodity No 13 14 15 ( ) 16 ( ) 17 Specification Unit Quantity Unit price Amount Amount in USD 18 Total 19 Supplementary dentails 20 lssuing auth ority s stamp & signature Date

EXPORT LICENCE OF THE PEOPLE S REPUBLIC OF CHINA 1 3 Exporter Licence No 2 4 Validity 5 Terms of trade 8 Country of destination 6 Countract No 9 Terms of payment 7 Port of shipment 10 Means of transport 11 Description of commodity 12 Marka & numbers-number of packages Commodity No 13 14 15 16 17 Specification Unit Quantity Unit price Amount Amount in USD 18 Total 19 Supplementary details 92 20 lssuing auth ority s stamp & signature Date

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