Document:

Exhibit 10.8

Purchase Contract

[Unofficial Translation]

 

This Purchase Contract (the “Contract”) was executed on March 20, 2008, in Xushui County, Hebei Province, by and between Hebei Dingxing Material Recycling Station (the “HDMR”) and Hebei Baoding Orient Paper Milling Co., Ltd (the “HBOP” ). HDMR agrees to perennially supply HBOP with raw materials which are Recycled Paperboard, White Edge Paper and Recycled Loose-leaf Paper. The terms and conditions of this Contract are as follows:  

 

	
            1.
 	
            Effective Time. This Contract gets effective through March 20, 2008 to December 31, 2008. HDMR guarantees to supply the foregoing raw materials on a timely basis during the effective time of this Contract, with a purpose to satisfy HBOP’s production demand.
 

	
            2.
 	
            Payment methods and terms. The payment for initial supply will be made in advance through bank transfer, which equal to the amount of RMB2,000,000 yuan. Following supplies will be paid on a monthly basis, and HDMR and HBOP will discuss and determine the exact payment time. 
 

 

	
            3.
 	
            The Quality and Price of Raw Material. HDMR guarantees to provide the raw materials pursuant to the HBOP’s quality requirements, and in case of quality problems, HDMR will assume the proportionate liability for damages by the value of the losses. The price will be determined by both parties after negotiations on the basis of market price.
 

 

	
            4.
 	
            Liabilities. During the term of this Contract, if a failure to timely supply raw materials by HDMR results in losses to HBOP, HDMR shall compensate to HBOP for the losses as applicable; if HBOP fails to comply with this Contract, they shall also assume the proportionate liabilities, which will be enforced pursuant to the corresponding “Contract Laws”.
 

	
            5.
 	
            Effectiveness. This Contract is executed in two copies and becomes effective when seals are made by both HDMR and HBOP, one of which held by HDMR, and the other held by HBOP, are equally authentic.
 

	
            6.
 	
            Miscellaneous. Any other matters not expressly stated herein, will be resolved through negotiations by both parties.
 

 

Hebei Dingxing Material Recycling Station

Seal

March 20, 2008

 

Hebei Baoding Orient Paper Milling Co., Ltd

Seal

March 20, 2008Exhibit 10.9

Purchase Contract

[Unofficial Translation]

 

This Purchase Contract (the “Contract”) was executed on January 1, 2008, in Xushui County, Hebei Province, by and between Beijing Huaxin Chemical Research Institute (the “BHCR”) and Hebei Baoding Orient Paper Milling Co., Ltd (the “HBOP” ). BHCR agrees to perennially supply HBOP with raw materials which are Fluorescent Whitening Agent, Retention Aids, Aluminum Sulfate, Whitening Agent, Rosin and Pulvis Talc. The terms and conditions of this Contract are as follows:  

 

	
            1.
 	
            Effective Time. This Contract gets effective through January 1, 2008 to December 31, 2008. BHCR guarantees to supply the foregoing raw materials on a timely basis during the effective time of this Contract, with a purpose to satisfy HBOP’s production demand.
 

	
            2.
 	
            Payment methods and terms. The payment will be made on a monthly basis, and BHCR and HBOP will discuss and determine the exact payment time. However, the payment must ensure the normal turnover of BHCR’s working capital and will be made mainly by bank transfer checks or in cash.
 

 

	
            3.
 	
            The Quality and Price of Raw Material. BHCR guarantees to provide the raw materials pursuant to the HBOP’s quality requirements, and in case of quality problems, BHCR will assume the proportionate liability for damages by the value of the losses. The price will be determined by both parties after negotiations on the basis of market price.
 

 

	
            4.
 	
            Liabilities. During the term of this Contract, if a failure to timely supply raw materials by BHCR results in losses to HBOP, BHCR shall compensate to HBOP for the losses as applicable; if HBOP fails to comply with this Contract, they shall also assume the proportionate liabilities, which will be enforced pursuant to the corresponding “Contract Laws”.
 

	
            5.
 	
            Effectiveness. This Contract is executed in two copies and becomes effective when seals are made by both BHCR and HBOP, one of which held by BHCR, and the other held by HBOP, are equally authentic.
 

	
            6.
 	
            Miscellaneous. Any other matters not expressly stated herein, will be resolved through negotiations by both parties.
 

 

Beijing Huaxin Chemical Research Institute

Seal

January 1, 2008

 

Hebei Baoding Orient Paper Milling Co., Ltd

Seal

January 1, 2008Exhibit 10.10

Purchase Contract

[Unofficial Translation]

 

This Purchase Contract (the “Contract”) was executed on January 1, 2008, in Xushui County, Hebei Province, by and between Beijing Chinabase Star Paper Co.,Ltd. (the “BCSP”) and Hebei Baoding Orient Paper Milling Co., Ltd (the “HBOP” ). BCSP agrees to perennially supply HBOP with raw materials which is Wood Pulp. The terms and conditions of this Contract are as follows:  

 

	
            1.
 	
            Effective Time. This Contract gets effective through January 1, 2008 to December 31, 2008. BCSP guarantees to supply the foregoing raw materials on a timely basis during the effective time of this Contract, with a purpose to satisfy HBOP’s production demand.
 

	
            2.
 	
            Payment methods and terms. The payment will be made on a monthly basis, and BCSP and HBOP will discuss and determine the exact payment time. However, the payment must ensure the normal turnover of BCSP’s working capital and will be made mainly by bank transfer checks or in cash.
 

 

	
            3.
 	
            The Quality and Price of Raw Material. BCSP guarantees to provide the raw materials pursuant to the HBOP’s quality requirements, and in case of quality problems, BCSP will assume the proportionate liability for damages by the value of the losses. The price will be determined by both parties after negotiations on the basis of market price.
 

 

	
            4.
 	
            Liabilities. During the term of this Contract, if a failure to timely supply raw materials by BCSP results in losses to HBOP, BCSP shall compensate to HBOP for the losses as applicable; if HBOP fails to comply with this Contract, they shall also assume the proportionate liabilities, which will be enforced pursuant to the corresponding “Contract Laws”.
 

	
            5.
 	
            Effectiveness. This Contract is executed in two copies and becomes effective when seals are made by both BCSP and HBOP, one of which held by BCSP, and the other held by HBOP, are equally authentic.
 

	
            6.
 	
            Miscellaneous. Any other matters not expressly stated herein, will be resolved through negotiations by both parties.
 

 

Beijing Chinabase Star Paper Co.,Ltd.

Seal

January 1, 2008

 

Hebei Baoding Orient Paper Milling Co., Ltd

Seal

January 1, 2008Extension Agreement

[Unofficial Translation]

	
             
 	
            NO.: SJZ091011080038
 

 

Party A (Borrower): Hebei Baoding Orient Paper Milling Co., Ltd.

Residence: Wuji Village, Xushui County

	
            Postcode: 072550  
 

Legal Representative: Zhenyong Liu

	
            Telephone Number: 0312-8605508  
 

Basic Bank Account: ICBC Xushui Sub-branch 

Account Number: 0409016009245030421

 

Party B (Lender): Huaxia Bank, Shijiazhuang Branch

Residence: No. 48, West Zhongshan Road, Shijiazhuang City

Postcode: 050000

Legal Representative (Responsible Officer): Sufa Yang

Telephone Number: 87899120

Fax: 87899114

 

Party C (Guarantor): Hebei Small-Medium Enterprise Credit Guarantee Service Center

Residence: No. 50, North Zhonghua Street, Shijiazhuang City

Postcode: 050000

Legal Representative: Jilin Sun

Telephone Number: 85366183

Basic Bank Account: Construction Bank of China, Railway Branch

Account Number: 13001615408050502327

 

This Extension Agreement (hereinafter “Agreement”) was executed for the issue of loan extension based on the Loan Agreement numbered sjz091011070030 (hereinafter “Original Agreement”) dated March 28, 2007 signed by Party A and Party B. After a friendly negotiations and in accordance with national laws and regulations, Party A, Party B and Party C hereby reach the following terms and conditions:

 

Item 1 Extension reasons

 

	
            1.1
 	
            Extension reason for Party A: Working capital needs.
 

 

Item 2 Amount , Term and Interest Rate for Extension

 

	
            2.1
 	
            Currency of the loan under the Original Agreement is RMB, and the principal amount is 9,500,000 yuan (Nine Million and Five Hundred Thousand Yuan). Now the extended amount is 8,500,000 yuan (Eight Million and Five Hundred Thousand Yuan) with the same currency.
 

 

 

	
            2.2
 	
            The term of the loan extended under the Original Agreement is as of March 5, 2009.
 

	
            2.3
 	
            The loan interest rate under the Original Agreement is adjusted to be 9.828%(annual interest rate). Penalty interest rate will change accordingly pursuant to the principle agreed in the Original Agreement.
 

 

Item 3 Repayment

 

	
            3.1
 	
            After the loan extension, Party A will make repayments according to the following batch, time limit and amounts:(annual interest rate). Penalty interest rate will change accordingly pursuant to the principle agreed in the Original Agreement.
 

 

	
             
 	
            First Batch: Repay RMB2,000,000 yuan as of June 30, 2008;

Second Batch: Repay RMB2,000,000 yuan as of December 31, 2008;

Third Batch: Repay RMB4,500,000 yuan as of March 31, 2009
 

 

Item 4 Guarantee

 

	
            4.1
 	
            This Agreement adopts the following guarantee method:
 

	
             
 	
            The guarantee under this Ageement is Party C, Party C agrees to perform the Guarantee Agreement signed on March 28, 2007 numbered sjz091011070030-01 continuously, and bear the joint and several liability guarantee to Party B’s bond under the Original Agreement and this Extension Agreement. Guarantee period is for two years from the maturity of the extended loan under this Agreement.
 

	
             
 	
            Party C agrees to provide Party B with pledge guarantee regarding the bond under the Original Agreement and this Extension Agreement, and sign a corresponding guarantee agreement with Party B separately.
 

	
            4.2
 	
            Except as otherwise provided in this Agreement, the terms in the abovementioned      guarantee agreement shall continue to take effect and Party C shall still fulfill the obligations agreed in the guarantee agreement.
 

 

Item 5 Effectiveness

 

	
            5.1
 	
            This Agreement shall take effect after signed by the all parties. If new guarantee is required under this Agreement, then it will take effect on the date on which all guarantee procedure is completed and in force/ pledge right has been set up/ mortgage right has been set up. If there are several guarantors under the Original Agreement, each of them is collectively called “Party C” and shall sign this Agreement separately.
 

	
            5.2
 	
            All rights and obligations of Party A and Party B should be carried out according to the Original Agreement after this Agreement take effect, except for otherwise agreed in this Agreement.
 

 

Item 6 Supplementary Provisions

 

	
            6.1
 	
            This Agreement is executed in four copies, one copy is held by Party A, two copies are held by Party B and one copy is held by Party C, are equally authentic.
 

 

Signatures Pages:

 

Party A: Hebei Baoding Orient Paper Milling Co., Ltd.

(Seal)

Legal Representative: /s/ Zhenyong Liu

Date: March 10, 2008

 

Party B: Huaxia Bank, Shijiazhuang Branch  

(Seal)

Legal Representative/ Responsible Officer: /s/ Wanfang Jiu

Date: March 10, 2008

 

Party C: Hebei Small-Medium Enterprise Credit Guarantee Service Center

(Seal)

Legal Representative: /s/ Jilin Sun

Date: March 10, 2008

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}]]