Article 7 : L/C PAYMENT

7.1) Letter of Credit (L/C) 信用证

A） The Seller shall issue a Pre-advice Performance Bond Guarantee as stated the
amount within three (3) business days after the contract signed.

B） Buyer shall establish an irrevocable, at sight letter of credit in favor of seller within 10 working
days after receiving the Pre-advice Performance Bond Guarantee from Seller, this L/C is in an
amount of US Dollars covering 100% of the full amount of the value of the shipment. The Letter of
Credit shall be opened through a prime bank in China. The letter of credit is an irrevocable,
nontransferable, at sight Letter of Credit issued by a prime bank which is acceptable to the seller
with all terms in conformity with this contract ,with the below company as final beneficiary on the
L/C:

7.2)DLC At Sight