LG Insurance Co., Ltd.

CERTIFICATE OF MARINE CARGO INSURANCE

Assured(s), etc ② THE SAMWON CORPORATION
Certificate No. ① 002599A65334		Ref. No.③ Invoice No. DS-070228 L/C No. IOMP20748
Claim, if any, payable at：⑥ GELLATLY HANKEY MARINE SERVICE 842 Seventh Avenue New York 10018 Tel(201)881-9412 Claims are payable in
		Amount insured ④ USD 65,120.- (USD59,200 XC 110%)
Survey should be approved by ⑦ THE SAME AS ABOVE		Conditions ⑤ * INSTITUTE CARGO CLAUSE(A) 1982 * CLAIMS ARE PAYABLE IN AMERICA IN THE CURRENCY OF THE DRAFT.
⑧ Local Vessel or Conveyance	⑨From(interior port or place of loading)
Ship or Vessel called the ⑩ KAJA-HO V-27	Sailing on or abount ⑪ MARCH 3, 2007
at and from ⑫ PUSAN, KOREA	⑬ transshipped at
arrived at ⑭NEW YORK	⑮ thence to
Goods and Merchandiese ⑯ 16,000YDS OF PATCHWORK COWHIDE LEATHER		Subject to the following Clauses as per back hereof institute Cargo Clauses Institute War Clauses(Cargo) Institute War Cancellation Clauses(Cargo) Institute Strikes Riots and Civil Commotions Clauses Institute Air Cargo Clauses(All Risks) Institute Classification Clauses Special Replacement Clause(applying to machinery) Institute Radioactive Contamination Exclusion Clauses Co-Inssurance Clause Marks and Numbers as
Place and Date signed in ⑰ SEOUL, KOREA MARCH 2, 1999 No. of Certificates issued. ⑱ TWO ⑳ This Certificate represents and takes the place of the Policy and conveys all rights of the original policyholder (for the purpose of collecting any loss or claim) as fully as if the property was covered by a Open Policy direct to the holder of this Certificate. This Company agrees lossed, if any, shall be payable to the order of Assured on surrender of this Certificate. Settlement under one copy shall render all otehrs null and viod. Contrary to the wording of this form, this insurance is governed by the standard from of English Marine Insurance Policy. In the event of loss or damage arising under this insurance, no claims will be admitted unless a survey has been held with the approval of this Compay's office or Agents specified in this Certificate. SEE IMPORTANT INSTRUCTIONS ON REVERSE ⑲ LG Insurance Co., Ltd. AUTHORIZED SIGNATORY This Certificate is not valid unless the Declaration be signed by an authorized representative of the Assued.