John Trading Co. Ltd. thanks Universal Co. for their fax and confirms receipt of Sales Note No. 100. They enclose a signed duplicate purchase order and have arranged a letter of credit for $120,292.30 through their bank in favor of Universal Co.'s bank. They request Universal Co. ship the special order goods as soon as possible and notify them by fax or email once shipment is complete.

2. John trading co Ltd.
50Liver street New York N.Y
1005 USA
Tel 1 812 317 5143
October 15 2011
Mr. H K Yoon
President
UNIVERSAL CO., LTD
Dear Mr. Yoon:
Thank you very much for your fax 0f September 22 2011.
Your Sales Note NO.100 has been received. Having found it correct, we enclose the duplicate purchase
order No#04869 singed by us and sent on september 27 by DHL, NO 397465.
We have arranged with the Bank of America for an Irrevocable Letter of credit in your favor for
US$120,292,30 The advising bank, Korea Exchange Bank, in your city, will send you the L/C which you will
receive within a few days.
This special order is very important for our company. We are very glad that we can wind up the first
contract so promptly. We would like to ask you to ship them as soon as possible and pay close
consideration to the packing of the goods.
When you have completed the shipment, please let us know by fax or E-mail: john@trade.com
sincerely yours,
JOHN ADAMS
Vice President

3. Establish
Issue
Correct
Request
Transfer

4. In your favor
Wind up the first contract
Pay close attention to
Effect the shipment