NAME OF ISSUING BANK - NOM DE LA BANQUE EMETTRICE
Irrevocable STANDBY Number Numero
SUMITOMO MITSUI BANKING CORPORATION Credit
INTERNATIONAL BUSINESS OPERATIONS DEPARTMENT Credit STANDBY 226LCJ-62042500
Irrevocable
C.P.O. BOX 4, TOKYO, JAPAN (AKABANE, 226)
(TLY; SMBC J22393 SWIFT; SMBCJPJT) Date and place of expiry - Date et lieu de validite
JULY 29, 2003 OCT 29, 2004
TOKYO, JAPAN IN THE BENEFICIARY'S COUNTRY
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Applicant - Donneur d' Ordre Beneficiary - Beneficiaire
KAMA-TECH (HK) LTD. LTI ACQUISITION CORPORATION 4875 DTC
SUITE 4, 9/F, TOWER 3, CHINA HONG BOULEVARD, NO. 5-203, DENVER CO 80237.
KONG CITY ACCT. NO. 2153813775 ATTN. MR. DAVID
WILLIAMS
- ------------------------------------------------------------------------------------------------------------------------------
TO AMOUNT
WELLS FARGO BANK N.A., DENVER US$ 4,630,000
(INT'L OPERATIONS) US DOLLARS FOUR MILLION SIX HUNDRED
633 17TH STREET, DENVER, CO 80270, AND THIRTY THOUSAND ONLY
U.S.A. --------------------------------------------------------------------
THIS CREDIT TO BE ADVISED THROUGH AVAILABLE WITH US BY PAYMENT
WELLS FARGO BANK WEST N.A., 9350 AND OF YOUR DRAFT(S)
EAST ARAPAHOE ROAD GREENWOOD DRAWN ON SUMITOMO MITSUI BANKING
VILLAGE, CO 80112, U.S.A. CORPORATION TOKYO, C.P.O. BOX 4,
TOKYO, JAPAN
- ------------------------------------------------------------------------------------------------------------------------------
ADDITIONAL CONDITION
AND BENEFICIARY'S DRAFT(S) AT SIGHT DRAWN ON US BEARING THE CLAUSE:
"DRAWN UNDER SUMITOMO MITSUI BANKING CORPORATION.
L/O NO. 226LCJ-62042500
ACCOMPANIED BY:
STATEMENT IN ONE ORIGINAL ISSUED BY THE BENEFICIARIES STATING THAT THE
AMOUNT DRAWN HEREUNDER REPRESENTS AND COVERS THE UNPAID BALANCE OF
INDEBTEDNESS DUE TO THE BENEFICIARIES BY APPLICANT ARISING OUT OF THE
BENEFICIARIES ACCOMODATION AND OBLIGATION UNDER THE "AGREEMENT AND PLAN OF
MERGER" ("MERGER AGREEMENT") AMONG LASER TECHNOLOGY, INC., LTI MERGER SUB,
INC., AND LTI ACQUISITION CORPORATION PURSUANT TO SECTION 3.8 OF THE MERGER
AGREEMENT.
THE STATEMENT MUST BE SIGNED BY DAVID WLLIAMS AND TOSHIYA KAMAKURA FAXED
COPIES OF SUCH SIGNATURES SHALL BE ACCEPTABLE.
We have issued the documentary credit as stated above-it is subject to the
Uniform Customs and Practice for Documentary Credits (1983 revision),
International Chamber of Commerce, Paris, France, Publication No. We request you
to advise the draft to the beneficiary.
WITHOUT ADDING YOUR CONFIRMATION SANS AJOUTER VOTRE CONFIRMATION
The number and the date of the credit and the name of our bank must be quoted on
all drafts requested. Please acknowledge receipt.
(RE)
This document consists of 1/* signed page(s) /s/
----------------------
Authorized Signature
NAME OF ISSUING BANK - NOM DE LA BANQUE EMETTRICE
Irrevocable STANDBY Number Numero
SUMITOMO MITSUI BANKING CORPORATION Credit
INTERNATIONAL BUSINESS OPERATIONS DEPARTMENT Credit STANDBY 226LCJ-62042500
Irrevocable
C.P.O. BOX 4, TOKYO, JAPAN AMENDMENT (AKABANE, 226)
(TLY; SMBC J22393 SWIFT; SMBCJPJT) (ISSUED ON JUL 29, 2003)
Date and place of expiry - Date et lieu de validite
OCT 2, 2003 JAN 29, 2004
TOKYO, JAPAN IN THE BENEFICIARY'S COUNTRY
- ------------------------------------------------------------------------------------------------------------------------------
Applicant - Donneur d' Ordre Beneficiary - Beneficiaire
KAMA-TECH (HK) LTD. LTI ACQUISITION CORPORATION 4875 DTC
SUITE 4, 9/F, TOWER 3, CHINA HONG BOULEVARD, NO. 5-203, DENVER CO 80237.
KONG CITY ACCT. NO. 2153813775 ATTN. MR. DAVID
WILLIAMS
- ------------------------------------------------------------------------------------------------------------------------------
TO
WELLS FARGO BANK N.A., DENVER
(INT'L OPERATIONS)
633 17(TH) STREET, DENVER, CO 80270,
U.S.A.
THIS CREDIT TO BE ADVISED THROUGH
WELLS FARGO BANK WEST N.A., 9350
EAST ARAPAHOE ROAD GREENWOOD
VILLAGE, CO 80112, U.S.A.
- ------------------------------------------------------------------------------------------------------------------------------
WE WOULD ADVISE YOU THAT THE ABOVE CREDIT HAS BEEN AMENDED AS FOLLOWS
EXPIRY DATE IS EXTENDED TO JAN 29, 2004 FROM OCT 29, 2003
ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED
We have issued the documentary credit as stated above-it is subject to the
Uniform Customs and Practice for Documentary Credits (1983 revision),
International Chamber of Commerce, Paris, France, Publication No. We request you
to advise the draft to the beneficiary.
WITHOUT ADDING YOUR CONFIRMATION SANS AJOUTER VOTRE CONFIRMATION
The number and the date of the credit and the name of our bank must be quoted on
all drafts requested. Please acknowledge receipt.
(RE)
This document consists of 1/* signed page(s) /s/
----------------------
Authorized Signature