SOCIALIST REPUBLIC OF VIET NAM

Independence – Freedom – Happiness

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MINUTES OF APPRAISING MORTGAGED ASSETS

Ref. No.: SVBHO/2010/CR-

Based on the prevailing applicable laws.

Today on the …………………….., 2010.

at the place: Head Office of ShinhanVina Bank

100 Nguyen Thi Minh Khai St., Ward 6, Dist. 3, HCMC.

We include:

THE MORTGAGOR: GR VINA TEXTILE CO., LTD.

 Address : Road 10, Tan Thuan EPZ, Dist. 7, Hochiminh City.

 Investment
: 095/GPDT issued on Jul. 6th 1996 by HEPZA
Certificate No.
 Representativ : Mr. BANG EUI SEOK
e
 Passport No. : KN0839943 issued date 09/05/2006 in Korea
 Title : Deputy General Director

B. THE MORTGAGEE: SHINHANVINA JOINT-VENTURE BANK – SVB

 Address : 100 Nguyen Thi Minh Khai, District 3; HMC

 Telephone : 84-8-8291581 Fax: 84-8-8291583
 Telex : 813123 FVBANK-VT
 Tax code : 0301222447.1
 Representative : Mr. LE THANH TRUNG
 Title : First Deputy General Director.
Subject to the Power of Attorney No. SVBHO/2009/CR-124 dated 24/03/2009 signed by Mr. CHOI
HEUNG YEON– General Director of ShinhanVina Bank

We unanimously agree to sign the Minutes of Appraising Mortgaged Assets with the terms and conditions
as follows:

Article 1 – Mortgaged assets:

 Name: Machinery detailed as follows:

Unit: USD

Customs Dept Appraisal value

Description Status Quantity Value
Declaration No Ratio (21/09/2010)
Rotary screen prinitng
138/NK/NDT/KC New
machine (Model: DS- 01 35,000 10% 18,500
XTT 100%
100S)

 Origin : Korea
 Location : Factory of GR VINA TEXTILE CO., LTD. located at Road 10, Tan Thuan

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 EPZ, Dist. 7, Hochiminh City.

Article 02 - Documents relating to the pledged assets:

No Documents Documents No Date Value Remark

1 Customs Declaration 138/NK/NDT/KCXTT 07/03/2008 35,000 Original
2 Customs Declaration 3557/NK/NSXKD/KCXTT 07/03/2008 790 Original
3 Sales Contract DS-080229 15/02/2008 35,790 Original
4 Invoice DS-080229 29/02/2008 35,790 Original
5 Packing List DS-080229 29/02/2008 Original
6 Bill of lading CJASGN0803005 03/03/2008 Original

Article 03 - Appraisal:
Based on the relating documents supplied by GR VINA TEXTILE CO., LTD the two parties unanimously
agree to appraise remaining value of the mortgaged assets (as of 30/07/2010) mentioned in Article 01 USD
18,500 (In words: US Dollar Eighteen thousand five hundred only).

This Minutes includes 02 (two) pages and is made in 04 (four) copies of the same legitimacy of which
each party keeps 01 copy and the Mortgage Acknowledgement Office keeps 02.

PARTY A PARTY B
GR VINA TEXTILE CO., LTD SHINHANVINA BANK

BANG EUI SEOK LE THANH TRUNG

Deputy General Director First Deputy General Director

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