SALES CONTRACT

CONTRACT NO.POS2002X06 DATE: APR.22.2005 SELLERS: SHANGHAI FINE CHEMICALS IMPORT AND EXPORT CO..LTD 22F, MAOXING RD SHANGHAI,P.R.CHINA

BUYERS: HANWHA CORP.1,CHANGKYPO-DONG CHOONG-KU SEOUL, KOREA

THE SALES CONTRACT IS MADE BY AND BETWEEN THE SELLERS AND BUYERS WHEREBY THE SELLERS AGREE TO SELL AND THE BUYERS AGREE TO BUY THE UNDER-MENTIONED GOODS ACCORDING TO THE TERMS AND CONDITIONS STIPULATED BELOW: NAME OF COMMODITY QUANTITY UNIT PRICE AMOUNT PESTICIDE ART NO.FW5 12MT USD2.875/KG USD34,500.00 PACKING:15KGS NET IN ONE IRON DRUM,18KGS GROSS IN ONE IRON DRUM.800 DRUMS IN ONE 20 FEET CONTAINER, ORIGIN CHINA

SHIPMENT: FROM SHANGHAI TO INCHON CFR INCHON PORT

SHIPPING MARKS:HANWHA/INCHON/GROSS WT./NET.WT/DATE OF MFG./DATE OF EXP. TIME OF SHIPMENT: MAY 30,2005 AFTER RECEIPT OF L/C. ALLOWING TRANSSHIPMENT AND PARTIAL SHIPMENT

TERMS OF PAYMENT:BY 100% CONFIRMED IRREVOCABLE LETTER OF CREDIT IN FAVOR OF THE SELLERS TO BE AVAILABLE BY SIGHT DRAFT OT BE OPENED AND REACH CHINA BEFORE MAY 1,2005 AND REMAIN TO VALID FOR NEGOTIATION IN CHINA UNTIL THE 15TH DAYS

AFTER THE BEFORE SAID TIME OF SHIPMENT. L/C MUST MENTION THIS CONTRACT NUMBER, L/C ADVISE BY BANK OF CHINA SHANGHAI PUDONG BR. INSURANCE:TO BE EFFECTED BY BUYERS. 合同其他要求：

出口方应提交如下单据：商业与装箱单各一式三份；全套正本已装船的清洁海运提单，要求做成凭开证行指示抬头，通知申请人提货；中国官方商检局出具的一般原产地证书、质量检验证书以及数量检验证书各一份正本。 LETTER OF CREDIT

ISSUING BANK: SHINNAN BANK, SEOUL DOC CREDIT NO.IRREVOCABLE AND TRANSFERABLE CREDIT NO: M42027S03402 DATE OF ISSUE: 050428

EXPIRY: DATE 050501 PLACE IN BENEFICIARY’S COUNTRY

APPLICANT：HANWHA CORP.1，CHANGKYPO-DONG CHOONG-KU SEOUL,KOREA

BENEFICIARY: SHANGHAI FINE CHEMICALS IMPORT AND EXPORT CO.,LTD 22F,

MAOXING RD SHANGHAI , P. R. CHINA TEL:86-21-58391218

AMOUNT: USD34,500.00 (SAY US DOLLARS THIRTY FOUR THOUSAND FIVE

HUNDRED ONLY)

AVAILABLE WITH/BY: ANY BANK IN CHINA BY NEGOTIANTION DRAFTA AT 30 DAYS AFTER SIGHT PARTIAL SHIPMENTS PROHIBITED TRANSSHIPMENT PERMITTED LOADING IN CHARGE SHANGHAI FOR TRANSPORT TO INCHON PORT

PACKING: 15 KGS NET IN ONE IRON DRUM.18KGS IN ONE IRON DRUM. 800 DRUMS IN ONE 40’FEET CONTAINER, 12MT AT USD

2.875/DRUM ORIGIN CHINA CFR INCHON PORT

DOCUMENTS REQUIRED

+SIGNED COMMERCIAL INVOICE IN TRIPLICATE +PACKING LIST IN DUPLICATE

+A COPY OF CLEAN ON BOARD MARINE BILL OF LADING MADE OUT OF ORDER AND

NOTIFYABC CO.

+CERTIFICATE OF ORIGIN ISSUED BY THE CHINESE CHAMBER OF COMMERCE AND INDUSTRY. +INSURANCE POLICY/CERTIFICATE COVERING ALL RISKS AND WAR RISKS OF PICC,

INCLUDING WAREHOUSE TO WAREHOUSE CLAUSE UP TO FINAL DESTINATION AT INCHON FOR AT LEAST 120PCT OF CIF VALUE

+SHIPPING ADVICES MUST BE SENT TO APPLICANT WITHING 2 DAYS AFTER SHIPMENT

ADVISING NO. OF PACKAGES, GROSS AND NET WEIGHT,VESSEL NAME, BILL OF LADING NO. AND DATE,CONTRACT NO. AND VALUE

+ONE OF QUALITY CERTIFICATE AND QUANTITY CERTICICATE ISSUED BY MARK. SHIPPING MARKS: HANWHA/INCHON/GROSS WT/NET WT/DATE OF EXP.

PRESENTATION PERIOD: 2 DAYS AFTER ISSUANCE DATE OF SHIPPING DOCUMENT CONFIRMATION: WITHOUT

INSTRUCTIONS:T/T REIMBURSEMENT NOT ALLOWED.

UPON RECEIPT OF ALL DOCUMENTS AND DRAFTS IN CONFORMITY WITH TERMS AND

CONDITIONS OF THIS CREDIT WE SHALL REMIT THE PROCEEDS TO THE BANK DESIGNATED BY NEGOTIATING, THE DRAFTS MUSTBE NEGOTIATED AT SIGHT BASIS SINCE ACCEPTANCE COMM AND DISCOUNT CHARGES ARE FOR ACCOUNT. ALL

DOCUMENTS AND DRAFTS MUST BE COURIERED TO US IN ONE LOT. REMBURSEMENT IS SUBJECT TO

一、 根据合同审核信用证并写出信用证修改函 二、 根据合同和修改后信用证制作商业并填写 三、 填写以下单据