Bank of Liverpool

　　NO.97425

　　Date: May21, 2002

　　Documentary Letter of Credit

　　Irrevocable

　　TO: China Native Produce and Animal By-products Import and Export Corporation

　　Beijing, China

　　Advising Bank: Bank of China, Beijing

　　Dears Sirs,

　　You are authorized to draw on British Import Co., Ltd. for a sum not exceeding ①US$ 10，000 (Say US DOLLARS TEN THOUSAND ONLY) available by draft drawn on them at sight accompanied

　　by the following documents:

　　--Full set of Clean on Board Bills of Lading made out to order and blank endorsed, marked

　　“freight to collect” ②dated not later than July 31, 2002 and notify accountee.

　　--Signed Commercial Invoice in quintuplicate.

　　--British Customs Invoice in quintuplicate.

　　--Insurance Policies (or Certificates) in duplicate covering All Risks and War Risk for

　　110% of invoice value as per CIC of January