(SAMPLE)

RECEIVING BANK: ______________________________________________

ISSUING BANK: ______________________________________________

ADDRESS:____________________________________

BENEFICIARY: ACS TRADING CORPORATION

DATE: ______________________________________________

TEST: ___________FOR AMOUNT OF USD$ ____________

BETWEEN OURSELVES AND YOURSELF.

ATT: ______________________________________________

WE, _____________________ BANK, ___________________, HEREBY CONFIRM AND ISSUE OUR IRREVOCABLE AND TRANSFERABLE LETTER OF CREDIT NO. ______________ IN FAVOR OF _________________________________, IN THE AMOUNT OF USD _____________

(UNITED STATES DOLLARS _____________________) FOR THE ACCOUNT OF (NAME AND FULL ADDRESS OF THE APPLICANT ________ ) AVAILABLE BY YOUR DRAFT DRAWN AT SIGHT ON US, NOT BEFORE _________________, 20____ (MATURITY DATE)

THIS LETTER OF CREDIT IS VALID UNTIL (ONE MONTH AFTER MATURITY DATE) _________ 20_____ (EXPIRY DATE)

DRAFT DRAWN UNDER THIS LETTER OF CREDIT MUST INDICATE: " DRAWN UNDER LETTER OF CREDIT NO. ________________ DATED __________, 20____ OF _________________

________ BANK, _____________________________."

PARTIAL DRAWINGS UNDER THIS LETTER OF CREDIT ARE PERMITTED.

THIS LETTER OF CREDIT IS TRANSFERABLE WITHOUT PRESENTATION TO US AND PAYMENT OR ANY TRANSFER FEE.

WE, HEREBY AGREE WITH THE DRAWERS, ENDORSER AND BONA FIDE HOLDERS OF THE DRAFT DRAWN UNDER AND IN COMPLIANCE WITH THE TERMS OF THIS LETTER OF CREDIT THAT SUCH DRAFT WILL BE HONORED ON DUE PRESENTATION TO THE DRAWEE.

THIS CREDIT IS SUBJECT TO THE U.C AND FOR D.O.C. CREDITS (REVISION 1993) I.C.C. PUBLICATION NO. 500.

THIS TELEX IS AN OPERATIVE INSTRUMENT AND MAIL CONFIRMATION WILL FOLLOW.

REGARDS/

______________________________ BANK, ____________________.