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Cumulative Revolving L/C


THE BANK OF XXXXXX IRREVOCABLE LETTER OF CREDIT NO. 3455
National Association
Portland, Oregon
February 24, 1993

Advised through : THE COMMERCIAL BANK OF XXXXX
P. O. Box Central 126
xxxx, xxxx

U. S. $40,000.00
-Revolving-
Acme Plywood Co.
xxxx xxxx
SPECIMEN

Gentlemen:
you are authorized to draw on The Bank of xxxxx, N.A., Portland, Oregon
at..................................................sight
for account of THE MARK THOMAS COMPANY, 6443 S.W. Beaverton-Hillsdale Hwy., Por- tland, Oregon 97221
up to an aggregate amount of U.S. S 40,000.00...........................................................................
(FORTY THOUSAND AND 00/100)................................................................U.S. DOLLARS
Your drafts must be accompanied by:

(1) Invoice in quadruplicate.
(2) Special Customs invoice #5515 in duplicate.
(3) Certificate of Origin in quadruplicate.
(4) Packing list in quadruplicate.
(5) Full set of clean on board ocean bills of lading issued to order of the Bank of xxxx, N. A., marked "freight prepaid" and "notify George S. Bush & Co., P. O. Box 8829, Portland, Oregon 97208".

Evidencing shipment of:
5/32x'4x90' Lauan Plywood C. & F. from Korean to Vancouver. xxxxx
Any shipment not to exceed invoice value of & 40,000.00.
After a draft has been paid under this credit, the credit reverts to its original amount of & 40,000. 00. Any unused Portion of monthly availment may be used during any subsequent month.
Insurance for buyer's account.
Partial shipment and Transhipment prohibited.
All drafts so drawn must bear the clause: "Drawn under The Bank of xxxxx N. A., Portland, Oregon Letter of Credit No. 2455 dated February 24, 1993 " and the amount of each negotiation must be endorsed on the reverse hereof by the negotiating bank.
We engage with drawers, endorsers and bona fide holders that all drafts drawn in compliance with the terms of this Credit shall be honored upon presentation and delivery of the documents, if drawn and negotiated on or before August 20, 1993.

  Yours very truly,
Authorized Signature
Perry G. Holland (P-17)

This Credit is subject to the "Uniform Customs & Practice for Documentary Credit (1992 Re-vision) International Chamber of Commerce Publication NO. 500

IRREVOCABLE LETTER OF CREDIT NO. 3455
National Association

THE BANK OF XXXXXXX
xxxxx, xxxxx
February 24, 1996
Advised through : THE COMMERCIAL BANK OF XXXXX
P.O. Box Central 126
xxxx, xxxx

U.S $ 40,000.00
- Revolving -
Acme Plywood CO.
xxxx, xxxx
SPECIMEN

Gentlemen:
You are authorized to draw on The Bank of xxxxx, N. A., xxxxx, xxxxx
at..........................................................................sight
for account of THE MARK THOMAS COMPANY, 6443 S. W. Beaverton-Hills.
dale Hwy., xxxxx, xxxxx 97221
up to on aggregate amount of U. S. $ 40,000.00..................................................
(FORTY THOUSAND AND 00/100)........................................U.S. DOLLARS
Your drafts must be accompanied by :
(1) Invoice in quadruplicate.
(2) Special Customs invoice #5515 in duplicate.
(3) Certificate of Origin in quadruplicate.
(4) Packing list in quadruplicate.
(5) Full set of Bank of clean on board ocean bills of lading issued to order of the Bank of xxxxxx, N. A., marked "freight prepaid" and "notify George S. Bush & Co., P. O. Box 8820, xxxxx, xxxxx 97208".

Evidencing shipment of :
5/32 x4' x90" Lauan Plywood C. & F. from xxxxxx to xxxxxx. xxxxxx.
Any shipment not to exceed invoice value of $ 40,000.00.
After a draft has been paid under this credit, the credit reverts to its original amount of $ 40,000.00. Any unused Portion of monthly availment may be used during any subsequent month.
Insurance for buyer's account.
Partial shipment and Transhipment prohibited.
All drafts so drawn must bear the clause: "Drawn under The Bank of xxxxxxx N. A., xxxx- xxxx, xxxxx Letter of Credit No. 2455 dated February 24, 1996 " and the amount of each negotiation must be endorsed on the reverse hereof by the negotiating bank.
We engage with drawers, endorsers and bona fide holders that all drafts drawn in compliance with the terms of this Credit shall be honored upon presentation and delivery of the documents, if drawn and negotiated on or before August 20, 1996.

  Yours very truly,
Authorized Signature
Perry G. Holland (P-17)

This Credit is subject to the "Uniform Customs & Practice for Documentary Credit (1993 Revision) International Chamber of Commerce Publication No. 500.

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