BANK OF AMERICA - CONFIDENTIAL PAGE: 1

BANK OF AMERICA, TRADE FINANCE DATE: JULY 1, 2009

PA6-580-02-30
1 FLEET WAY
SCRANTON, PA 18507-1999

ADVICE OF IRREVOCABLE DOCUMENTARY CREDIT

ISSUING BANK'S NUMBER: LC111030902710

OUR REFERENCE NUMBER: 66056992

ISSUING BANK
INDUSTRIAL COML BK CHINA
XINJIEKOUSUB-BRANCH ROOM 404,
XIZHIMENNEI STREET,XICHENG DIST,
BEIJING CHINA 100035.

BENEFICIARY APPLICANT
CEM CORPORATION CHINA NATIONAL PHARMACEUTICAL
3100 SMITH FARM ROAD FOREIGN TRADE CORPORATION
P.O. BOX 200, NO.20, ZHICHUN ROAD,HAIDIAN
MATTEWS, NC 28104, USA DISTRICT, BEIJING, CHINA

AMOUNT
USD 168,000.00
ONE HUNDRED SIXTY EIGHT THOUSAND
AND 00/100'S US DOLLARS

EXPIRATION
AUGUST 21, 2009 U.S.A.

AT THE REQUEST OF OUR CORRESPONDENT, WE HEREBY ADVISE THE FOLLOWING

LETTER OF CREDIT DETAILS:

QUOTE:

:27 : SEQUENCE OF TOTAL

: : 1/1
: :
:40A: FORM OF DOCUMENTARY CREDIT
: : IRREVOCABLE
: :
:20 : DOCUMENTARY CREDIT NUMBER

Page 1 of 6
: : LC111030902710
: :
:31C: DATE OF ISSUE
: : 090630
: :
:40E: APPLICABLE RULES
: : UCP LATEST VERSION

BANK OF AMERICA - CONFIDENTIAL PAGE: 2

THIS IS AN INTEGRAL PART OF ADVICE NUMBER: 66056992

: :
:31D: DATE AND PLACE OF EXPIRY
: : 090821USA
: :
:50 : APPLICANT
: : CHINA NATIONAL PHARMACEUTICAL
: : FOREIGN TRADE CORPORATION
: : (ADDRESS SEE TAG 72)
: :
:59 : BENEFICIARY
: : CEM CORPORATION
: : ADD: 3100 SMITH FARM ROAD P.O. BOX
: : 200, MATTEWS, NC 28104, USA
: : TEL/FAX: 704-821-7015/7894
: :
:32B: CURRENCY CODE, AMOUNT
: : USD168000,
: :
:41D: AVAILABLE WITH ... BY ...
: : ANY BANK
: : BY NEGOTIATION
: :
:42C: DRAFTS AT ...
: : AT SIGHT
: :
:42A: DRAWEE
: : ICBKCNBJBJM
: :
:43P: PARTIAL SHIPMENTS
: : NOT ALLOWED
: :
:43T: TRANSHIPMENT

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: : ALLOWED
: :
:44E: PORT OF LOADING/AIRPORT OF DEPARTURE
: : U.S.A. MAIN AIRPORT
: :
:44F: PORT OF DISCHARGE/AIRPORT OF DESTINATION
: : BEIJING AIRPORT, CHINA
: :
:44C: LATEST DATE OF SHIPMENT
: : 090730
: :
:45A: DESCRIPTION OF GOODS AND/OR SERVICES
: : COMMODITY: MARS MICROWAVE DIGESTION/EXTRACTION SYSTEM
: : QUANTITY: 7 SETS
: : PRICE TERM: EXW CEM WORKS
: : PACKING: SUITABLE FOR LONG DISTANCE TRANSPORTATION
: : TOTAL CONTRACT VALUE: USD168,000.00

BANK OF AMERICA - CONFIDENTIAL PAGE: 3

THIS IS AN INTEGRAL PART OF ADVICE NUMBER: 66056992

: :
:46A: DOCUMENTS REQUIRED
: : A.90PCT OF THE TOTAL CONTRACT VALUE WILL BE PAID AGAINST THE
: : FOLLOWING DOCUMENTS:
: : +BENEFICIARY'S DRAFT AT SIGHT FOR 90PCT OF THE TOTAL CONTRACT
: : VALUE DRAWN ON THE ISSUING BANK
: : +SIGNED COMMERCIAL INVOICE IN 2 ORIGINALS AND 3 COPIES
: : INDICATING L/C NO. AND CONTRACT NO.: 09OHIH/BK47122MR-1
: : +FORWARDING AGENT'S CARGO RECEIPT
: : +PACKING LIST/WEIGHT MEMO IN 3 ORIGINALS INDICATING ACTUAL
: : PACKING CONDITIONS AND IPPC CODE IF FOR SOLID WOODEN PACKAGE,
: : GROSS AND NET WEIGHTS OF EACH PACKAGE AND PACKING CONDITIONS AS
: : CALLED FOR BY THE L/C.
: : +BENEFICIARY'S CERTIFIED COPY OF FAX DISPATCHED TO APPLICANT
: : WITHIN 2 WORKING DAYS AFTER SHIPMENT ADVISING FLIGHT NO.,
: : SHIPPING DATE, CONTRACT NO., L/C NO., COMMODITY, QUANTITY,
: : WEIGHT AND VALUE OF SHIPMENT
: : .
: : B.10PCT OF THE TOTAL CONTRACT VALUE WILL BE PAID AGAINST THE
: : FOLLOWING DOCUMENTS:
: : +BENEFICIARY'S DRAFT AT SIGHT FOR 10PCT OF THE TOTAL CONTRACT
: : VALUE DRAWN ON THE ISSUING BANK

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: : +CERTIFICATE OF ACCEPTANCE SIGNED AND STAMPTED BY THE
: : END-USER(BEIJING ADMINISTRATION FOR INDUSTRY AND COMMERCE) IN 1
: : ORIGINAL
: :
:47A: ADDITIONAL CONDITIONS
: : +SHOULD THE DISCREPANCY BEING ACCEPTED BY THE APPLICANT AND
: : ACCEPTABLE TO US,WE SHALL RELEASE THE DOCUMENTS TO THEM WITHOUT
: : FURTHER NOTICE TO YOU UNLESS YOUR INSTRUCTION TO THE CONTRARY
: : RECEIVED PRIOR TO OUR RELEASE OF DOCUMENTS.
: : +DOCUMENTS ISSUED EARLIER THAN L/C ISSUING DATE ARE NOT
: : ACCEPTABLE
: :
:71B: CHARGES
: : ALL BANKING CHARGES AND INTEREST
: : IF ANY OUTSIDE THE ISSUING BANK,
: : AND REIMBURSEMENT CHARGES ARE FOR
: : ACCOUNT OF BENEFICIARY.
: :
:48 : PERIOD FOR PRESENTATION
: : DOCUMENTS TO BE PRESENTED WITHIN
: : 21 DAYS AFTER DATE OF CARGO
: : RECEIPT BUT WITHIN THE VALIDITY OF
: : THE CREDIT.
: :
:49 : CONFIRMATION INSTRUCTIONS
: : WITHOUT
: :

BANK OF AMERICA - CONFIDENTIAL PAGE: 4

THIS IS AN INTEGRAL PART OF ADVICE NUMBER: 66056992

:78 : INSTRUCTIONS TO THE PAYING/ACCEPTING/NEGOTIATING BANK

: : ALL DOCUMENTS ARE TO BE DESPATCHED IN ONE SET TO ICBC XINJIEKOU
: : SUB-BRANCH ROOM 404,XIZHIMENNEI STREET,XICHENG DISTRICT BEIJING
: : CHINA 100035.
: : AN EXTRA COPY OF TRANSPORT DOCUMENTS AND INVOICE FOR ISSUING
: : BANK'S FILE IS REQUIRED.
: : UPON RECEIPT OF THE DOCUMENTS COMPLIED WITH L/C TERMS,WE WILL
: : REMIT THE PROCEEDS IN ACCORDANCE WITH THE NEGOTIATING BANK'S
: : INSTRUCTIONS.
: : USD50.00 OR EQUIVALENT WILL BE DEDUCTED FROM THE PROCEEDS WHEN
: : DOCUMENTS ARE PRESENTED WITH DISCREPANCY(IES).
: :

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:72 : SENDER TO RECEIVER INFORMATION
: : NO.20, ZHICHUN ROAD, HAIDIAN
: : DISTRICT, BEIJING, CHINA
: :

UNQUOTE

THIS CREDIT IS NOT CONFIRMED BY US AND THEREFORE CARRIES NO

ENGAGEMENT ON OUR PART.

PLEASE READ FIELD 42A DRAWEE AS INDUSTRIAL AND COMMERCIAL BANK OF

CHINA, BEIJING, CHINA.

WE WOULD LIKE TO BRING YOUR ATTENTION THAT FIELD 46A DOCUMENTS

REQUIRE TO BE COUNTERSIGNED BY THE ENDUSER. PER BANK OF AMERICA
POLICY, WE ARE NOT RESPONSIBLE FOR AUTHENTICATING OR VERIFYING
SIGNATURE AGAINST THE SIGNATURE SPECIMEN SEND TO US OUTSIDE THE
CREDIT. DOCUMENTS WILL BE SENT TO THE ISSUING BANK WITHOUT
EXAMINATION OR OBLIGATION ON THE PART OF BANK OF AMERICA

THIS LETTER OF CREDIT IS SUBJECT TO INTERNATIONAL CHAMBER OF COMMERCE

(ICC) UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS, 2007
REVISION (UCP 600).

DRAFT (IF REQUIRED) TOGETHER WITH THE DOCUMENTS SHOULD BE PRESENTED

TO BANK OF AMERICA, TRADE FINANCE, PA6-580-02-30, 1 FLEET WAY,
SCRANTON, PA 18507-1999.

DOCUMENTS RECEIVED AFTER 3:00 PM LOCAL TIME WILL BE CONSIDERED AS

PRESENTED ON THE NEXT BANKING DAY.

THE ORIGINAL LETTER OF CREDIT (OPERATIVE CREDIT INSTRUMENT) MUST BE

SUBMITTED WITH EACH PRESENTATION OF DOCUMENTS. ALSO, PLEASE PROVIDE
ONE COPY OF EACH DOCUMENT FOR OUR FILES.

BANK OF AMERICA - CONFIDENTIAL PAGE: 5

THIS IS AN INTEGRAL PART OF ADVICE NUMBER: 66056992

SHOULD YOU REQUEST PAYMENT TO YOU BY MEANS OTHER THAN THROUGH AN

ACCOUNT YOU HOLD WITH BANK OF AMERICA IN THE USA, THE FOLLOWING FEE

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 WILL BE DEDUCTED FROM THE PROCEEDS OF THE PAYMENT:
PAYMENT BY WIRE TRANSFER: USD 45.00
PAYMENT BY CHECK: USD 50.00

PRESENTATION OF DOCUMENTS(S) THAT ARE NOT IN COMPLIANCE WITH THE

APPLICABLE ANTI-BOYCOTT, ANTI-MONEY LAUNDERING, ANTI-TERRORISM,
ANTI-DRUG TRAFFICKING, EXPORT DENIAL OR ECONOMIC SANCTIONS LAWS,
REGULATIONS OR ORDERS IS NOT ACCEPTABLE. APPLICABLE LAWS VARY
DEPENDING ON THE TRANSACTION AND MAY INCLUDE UNITED NATIONS, UNITED
STATES AND/OR LOCAL LAWS.

SHOULD ANY OF THE TERMS OF THE CREDIT BE UNACCEPTABLE TO YOU, PLEASE

CONTACT YOUR CUSTOMER SO THEY CAN INSTRUCT THE ISSUING BANK TO AMEND
THE CREDIT.

IF YOU REQUIRE ANY ASSISTANCE OR HAVE ANY QUESTIONS REGARDING THIS

TRANSACTION, PLEASE CALL 800-370-7519 .

--------------------------
AUTHORIZED SIGNATURE

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