{1:F01BLICUYMMAXXX4834395910} {2:O7001825090317BFTVVNVXAXXX83530114000903170825N} {3:{108:TF0903170469}} MT 700 ISSUE OF A DOCUMENTARY CREDIT 27 Sequence of Total Number 1 Total /1 40A Form of Documentary Credit

IRREVOCABLE 20 Documentary Credit Number 063710309 31C Date of Issue 17MAR2009 40E Applicable Rules Applicable Rules UCP LATEST VERSION Narrative / 31D Date and Place of Expiry Date 30JUL2009 Place URUGUAY 50 Applicant THI PH, QUI VIE 59 Beneficiary Name & Address TIL. ILINO NO REP 32B Currency Code, Amount Currency USD Amount ,000.00 39A Percentage Credit Amount Tolerance Tolerance 1 10 Tolerance 2 /10 41D Available With... By... Name and Address ANY BANK Code BY NEGOTI 42C Drafts at... SIGHT FOR 100P 42D Drawee Name & Address JOINT STO TRADE OF VIETNAM (VIE 43P Partial Shipments PERMITTED 43T Transhipment PERMITTED 44A Place of Taking in Charge/Dispatch MONTEVIDEO PORT, URUGUAY 44B Place Of Final Destination/For Tran QUI NHON PORT, VIETNAM 44C Latest Date of Shipment 30MAY2009 45A Description of Goods and/or Service GOODS AS PER SALES CONTRACT NO.TN01-2009 DATE: FEBRUARY 24, 2009 SPECIES/SPECIFICATIONS: EUCALYPTUS GRANDIS SP FRESH CUT LOGS WITH FSC CERTIFIED . QUANTITY(M3) (+/-10PCT): 1,000 . UNIT PRICE(USD/M3): 170.00 CIF QUI NHON PORT, VIETNAM (INCOTERMS 2000) . TOTAL AMOUNT USD1,000.00 (+/-10PCT) QUALITY: + FRESH CUT (NOT MORE THAN 3 MONTHS) + DEBARKED, DECAY, PARASITE, MOULD, HOLLOW, SPLIT OVER 30CM AT EACH END ARE NOT ALLOWED + IN CASE OF SPLIT MORE THAN 30CM, A DISCOUNT PROPORTIONAL TO THE SPLITTING

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+ DIAMETER: DIA (SED) 30CM AND UP. DIA (SED) UNDER 30CM IS NOT ACCEPTABLE + LENGTH: 5M AND UP + EACH END OF THE LOG WITH GANG NAIL 14 X 14CM MIN, AND WITH NUMBERING Documents Required 1. SIGNED COMMERCIAL INVOICE(S) IN TRIPLICATE. 2. CLEAN ON BOARD OCEAN BILL OF LADING MADE OUT TO ORDER OF JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM(VIETCOMBANK), PHU TAI BRANCH, MARKED 'FREIGHT PREPAID' AND NOTIFY THE APPLICANT WITH FULL NAME AND ADDRESS INDICATING THIS L/C NUMBER IN 03/03 ORIGINALS AND 03 NON-NEGOTIABLE COPIES. 3. PACKING LIST SHOWING ALL DETAILS OF EACH CONTAINER SUCH AS QUANTITY OF CBM PER SIZE SHOWING DIAMETER, LENGTH AND TOTAL LOGS AND WEIGHT OF SHIPPED GOODS IN TRIPLICATE 4. CERTIFICATE OF ORIGIN ISSUED BY CAMARA MERCANTIL DE PRODUCTOS DEL PAIS IN 01 ORIGINAL AND 01 COPY 5. PHYTOSANITARY CERTIFICATE ISSED BY COMPETENT AUTHORITY IN 01 ORIGINAL AND 01 COPY 6. QUALITY AND QUANTITY CERTIFICATE IN 01 ORIGINAL AND 01 COPY 7. ONE PHOTOCOPY OF FSC CERTIFICATE SGS-COC-1420 8. ONE PHOTOCOPY OF FSC CERTIFICATE SGS-FM/COC-0734 9. CONFIRMATION FROM SUPPLIER STATING THAT THE GOODS ARE FSC CERTIFIED NUMBER SGS-FM/COC-0734 10. INSURANCE POLICY OR CERTIFICATE IN ASSIGNABLE FORM AND ENDORSED IN BLANK FOR 110PCT INVOICE VALUE COVERING 'ALL RISKS' AND 'TRANSHIPMETN RISKS' SHOWING CLAIM PAYABLE IN VIETNAM IN INVOICE CURRENCY IN DUPLICATE. Additional Conditions + ALL DOCUMENTS HAVE TO APPEAR FSC NUMBER SGS-COC-1420 EXCEPT PHOTOCOPY OF FSC CERTIFICATE SGS-FM/COC-0734 + ALL DOCUMENTS MUST BE WRITTEN IN ENGLISH EXCEPT THE PHYTOSANITARY CERTIFICATE + THIRD PARTY DOCUMENTS ACCEPTABLE EXCEPT INVOICE AND DRAFT +A DISCREPANCY FEE OF USDXX.00 (OR EQUIVALENT) FOR BENEFICIARY'S ACCOUNT WILL BE DEDUCTED FROM EACH DRAWING IF THE DOCUMENTS PRESENTED WITH DISCREPANCY(IES). +IF DOCUMENTS PRESENTED UNDER THIS L/C ARE FOUND TO BE DISCREPANT, WE SHALL GIVE NOTICE OF REFUSAL AND SHALL HOLD DOCUMENTS AT THE PRESENTING BANK'S DISPOSAL. HOWEVER SHOULD WE RECEIVE APPLICANT'S APPROVAL OF DISCREPANCY(IES) PRIOR TO THE PRESENTING BANK'S INSTRUCTION ON DISPOSAL OF DOCUMENTS, WE WILL RELEASE THE SAID DOCUMENTS TO THE APPLICANT. +ONE EXTRA COPY OF ALL DOCUMENTS ARE REQUIRED FOR ISSUING BANK'S FILE. IF SUCH COPIES ARE NOT SUBMITTED, USD20.00 OR ITS EQUIVALENT SHALL BE DEDUCTED FROM THE PROCEEDS WHEN PAYMENT EFFECTD. Charges ALL BANKING CHARGES OUTSIDE VIETNAM FOR BENEF'S A/C Period for Presentation DOCUMENTS TO BE PRESENTED WITHIN 21 DAYS AFTER THE DATE OF ISSUE OF THE TRANSPORT DOCUMENTS BUT WITHIN THE VALIDITY OF THE CREDIT Confirmation Instructions WITHOUT Instructions to the Paying/Acceptin + UPON RECEIPT OF DOCUMENTS DRAWN UNDER AND IN STRICT COMPLIANCE WITH THE TERMS AND CONDITIONS OF THIS LC, WE WILL REMIT PROCEEDS IN ACCORDANCE TO NEGOTIATING BANK'S INSTRUCTIONS. KINDLY INDICATE SWIFT ADDRESS, IF ANY. + ALL DOCUMENTS MUST BE COURIERED IN ONE LOT TO JOINT STOCK

COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM (VIETCOMBANK), PHU TAI BRANCH. 1A NATIONAL ROAD, TRAN QUANG DIEU WARD, QUI NHON CITY, VIETNAM. ATTN: IMPORT-EXPORT SETTLEMENT DIVISION. + THE AMOUNT OF EACH NEGOTIATION MUST BE ENDORSED ON THE REVERSE OF THE ORIGINAL L/C BY THE NEGOTIATING BANK {5:{CHK:7FEB66412A5A}}