Call Option Agreement

Amendment

 

This Amendment (the “Agreement”) is made by the following parties in Baoding,
the People’s Republic of China (“China”) ,on February 10, 2010.

 

1.

Liu Zhenyong

ID:13062519630822311X

Address:Liuzhuang, Cuizhuang Town, Xushui County, Baoding City, China (“Party
A”)

 

2.

Zhao Shuangxi

ID:13242319640606005X

Address:Hujiaying, Liucun Town, Xushui County, Baoding City, China (“Party B”)

 

3.

Liu Xiaodong

ID:132423197408117114

Address:#113, No 268, Chaoyang South Avenue, Xinshi District, Baoding City,
China (“Party C”)

 

AND

 

4. Hebei Baoding Orient Paper Milling Co., Ltd, a liability limited company
incorporated in Baoding whose registered offices are located at Wuji Village,
Xushui County,Hebei Province, China (“Orient Paper”)

 

5. Baoding Shengde Paper Co., Ltd, a liability limited company incorporated in
Nanwaihuan Road, Xushui County, Hebei Province, China (“Shengde Paper”)

 

Orient Paper, Shengde Paper, Party A, Party B and Party C are hereinafter
collectively referred to as the “PARTIES” and individually as a “PARTY”)

 

The Parties have entered into Call Option Agreement on June 24th, 2009. Due to a
clerical error, Shengde Paper was left out as a party and signatory to the Call
Option Agreement. The parties hereby agree to amend the Call Option Agreement by
(i) including Shengde Paper as a Party and signatory, and (ii) deleting the
definition “Loan Agreement” from article 1 of the Call Option Agreement.

 

The Call Option Agreement, as amended hereby, shall remain in full force and
effect.

 

[No text below]

 

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[Signature Page]

 

 

Liu Zhenyong

 

Signature:/s/Liu Zhenyong

 

Zhao Shuangxi

 

Signature:/s/Zhao Shuangxi

 

 

Liu Xiaodong

 

Signature: /s/Liu Xiaodong

 

Hebei Baoding Orient Paper Milling Co., Ltd

(seal)

 

Signature:/s/Liu Zhenyong

Name:Liu Zhenyong

Legal Representative/Authorized Representative

 

 

Baoding Shengde Paper Co., Ltd

(seal)

 

Signature:/s/Liu Zhenyong

Name:Liu Zhenyong

Legal Representative/Authorized Representative

 

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