DEBIT NOTE

CN#120724 Date: 24 July 2012

BUYER:

IRIS FURNITURE INTERNATIONAL LIMITED 1301 Bank of America Tower 12 Harcourt Road, Central, Hong Kong, China

SELLER:

HAPPY FURNITURE COMPANY LIMITED

Number Nine Street , Tam Phuoc Industrial Zone , Bien Hoa city, Dong Nai Province , Vietnam

Tel: +852 2115 9628 / Fax +852 2115 9818 Bank name : HSBC
Bank adress Units

Tel: +84 613 280186/280188 / Fax: +84 613 280187 Bank name : Vietnam Bank For Industry And Trade Dong Nai Branch

2301-2303, 23/F, Futura Plaza, 111-113 How Ming St.

Bank adress 77D Hung Dao Vuong, Bien Hoa, Dong Nai Province, Vietnam A/C name : HAPPY FURNITURE COMPANY LIMITED A/C No: 102020000029086 SWIFT code :

Kwun Tong, Kowloon, Hong Kong FURNITURE INTERNATIONAL LIMITED A/C No: 411-280977-838 SWIFT code : HSBCHKHHHKH
A/C name : IRIS

ICBVVNVX 680

Relating PC STU1207-IR-HF dated 24 May 2012 with latest ETD on 3 July 2012 But the real ETD is 16 July 2012 so base on our commitment on PC STU1207-IR-HF, We , Iris Furniture International Ltd, will apply penalties as following : Description Total amount of PC STU1207-IR-HF Late presentation documents Discrepancies relating documents 31/HPF/2012 (order STU1201-IR-HF)=85 EUR Deposit 30% on 28 May 2012 Balance of payment for PC STU1207-IR-HF Amount ( USD) 14,688.00 -200.00 -103.60 -4,406.40 9,978.00

Concerning late shipment, normally with 13 days, penalty will be 10% of invoice amount but we are waiting confirmation form customer if they can reduce it. So we will contact with you later for late shipment.

IRIS FURNITURE INTERNATIONAL LIMITED

24 July 2012

Happy Furniture Company Ltd

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