■ APPLICATION FORADVICE OFTOTAL TRANSFER

■ KYONGNAM BANK

Date :

Gentlemen                      Your Advice No.

Re : L/C No.

For

Favour

Opening Bank

We hereby irrevocably transfer all of our right under above-mentioned credit to

The transferee (hereinafter called the "Second Beneficiary")shall have sole right as beneficiary under the credit, including all rights relating to any amendment, whether increases or extensions or other amendments, and whether now existing or hereafter made.

The credit hereafter may be amended, extended or increased, without our consent or notice to us and you will give notice thereof directly to the Second Bendficiary.

The original credit (including amendments to this date, if any) is returned herewith for your endorsement. We request you to notify the Second Beneficiary in such form as you deem advisable of this tranfer of the credit and of the terms and conditions of the credit as transferred.

We agree to indemnity and hold you harmless against any and losses, damages and expenses arising from your actions on this transfer.

Yours very truly,

Accepted by

Authorized Signature &                                         Authorized Signature &

Name of Second Beneficiary                                Name of Second Beneficiary

(외출 32)(19x26.5 cm, 70g)