IRREVOCABLE DOCUMENTARY CREDIT APPLICATIONTO: Bank Of NanjingCo.Ltd.DATE:Please issue on our behalf and for our account the IRREVOCABLELETTER OF CREDIT according to following contents.Applicant:CERNET CORPORATIONCERNET Tower, Tsinghua Science Park Building8,No.1 Zhongguancun East Road, Haidian District, Beijing 100084, P.R.ChinaTel: (8610)62603503 Fax:(8610)62701577CREDIT NO.Date and Place of Expiry:2014/03/15, HONGKONGAdvising Bank:Standard Chartered Bank (Hong Kong) Limited 13/F., Standard Chartered Bank Building, 4-4A Des Voeux Road Central Hong KongAccount Number: 447-1-661246-4 (US Dollars)SWIFT COD E SCBLHKHHBeneficiary(Full name and address):Wafer Systems (China) LtdUnit 02., 13/F, 101King s Road,North Point, Hong KongAttn : 王羽鑫Tel: (852) 3900 8841 or3900 8840Partial shipment: ()allowed (x )not allowedTransshipment: ()allowed (x)not allowedAMOUNT: USD95000.00 IN WORDS: USD FIFTY THOUSAND ONLY.Loading on board/dispatch/taking in charge at/from:Credit available withByHong Kong AIRPORTNot later than: 2014/02/15For transportation to: SHANGHAI AIRPORT(x )Negotiation ( )Sight payment ( )Acceptance ()Deferred payment Against the documents detailed herein()and beneficiary s draft(s) for 100 % of invoice valueAt sight Drawn onPrice term:()FOB ( ) CFR ( )CIF (x )CIP()OR OTHER TERMS Documents required: (marked with X) 90% of the GOODS VALUE will be paid against following documen ts: 1.Signed Commercial Invoice in 3 originals and 3 copies indicating this L/C No. and Contract No. 14CERNET/F20640HK 2.Air Waybill in 1 original and 1 copy showing(freightprepaid And consigned to applicant. 3.Insurance Policy or Certificatein 1 original and 1 copy for110% of the invoice value showing claims payable in China, in currency of the credit, blank endorsed, covering Air Transportation All Risks and war risks. 4.Packing List/Weight Memo in 2 originals indicatingquantity/gross and net weights of each package and packing conditions. 5.Certificate of Quantity or Weight in 1 original and 1copy issued by beneficiary. indicating the actual surveyed quantity/weight of shipped goods as well as the packing conditions. 6.Certificat e of Quality in 1 original and 1copy issued by beneficiary 7.Certificate of Origin in 1 original and 2 copies issued by beneficiary. 8.Beneficiary s shipping advice to applicant within 2 working days after shipment indicating flight no. , date, quantity, weight and value of shipment. 9.IPPC declaration for Wooden Packing material or Wooden Pallet in 1 original and 1 copy issued by beneficiary ormanufacturer certifying that the fumigation treatment has been made by authoritative inspection and Quarantine Bureau in export country,and IPPC indicated evidently on each wooden package;or Declaration of packing material for Non-Wood Packing material or Non-Wood pallet in 1 copy issued by the beneficiary or manufacturerOther documents, if any: 0% of the GOODS VALUE will be paid against following documents: .One original of acceptance report that has been signed by the end-user.Description of goods:Item No.UnitQtyCommodity,SpecificationsUnit price 交换机 (Switch) WS-C2960XR-24TS-ISET80USD95000.00Shipping Mark ： 14CERNET/F20640HK SHANGHAI CHINA TOTAL AMOUNT: USD95000.00 Additional instructions: (if any, marked with X)1 .( X) All banking charges outside the opening bank are for beneficiary s account.2 .( X) Documents must be Presented Within 60 days after the date of shipment but within the validity of this credit.3 .() Third party as shipper is not acceptable, shortform/blank back B/L is not acceptable.4 .()Both quantity and credit amount% more or less areallowed.5 .()All documents must be forwarded in lot(s).Other terms, if anySealed & Signed by:Telephone No.