PT MAPHILINDO RAYA Jln. Panarukan Baru No. 29 Banjarmasin 2002 Kalimantan Selatan Your Ref: AR/NA/2B 15th September, 1993 Our Ref:SM/FA/12 Mr. Martin S. Wenger Accounting Manger New International Paint Company 21 Jln. Pajajaran Raya Semarang 12020 Jawa Tengah Dear Mr. Martin, Subject: Invoice No. 287/DC We have received your letter of 8 September and enclosed invoice No. 287/DC. We have instructed our bank to remit the sum of US$ 19,980 for the credit of your account at Bank Panca Niaga Semarang. Please send us your official receipt for this settlement. Yours sincerely, Surya M. Kasman Surya M. Kasman Accounts Manager Enc: 1 ADVICE OF PAYMENT