Document:

<PAGE>

                                                               EXHIBIT 10.3

         AGREEMENT ASSOCIATED WITH AMENDING THE JOINT VENTURE AGREEMENT
                           AND ARTICLES OF ASSOCIATION

Meeting Venue:      Wuhan Dong Feng Paper Company Limited
Meeting Time:       February 26, 1998

Wuhan Dong Feng Paper Factory ("Party A") and Hong Kong Orient Packaging Limited
(originally known as Hong Kong Orient Financial Services Limited or "Party B")
have jointly agreed and signed the Joint Venture Agreement and Articles of
Association for establishing Wuhan Dong Feng Papers Co. Limited (the "JV") on
December 20, 1996. The JV's operations are satisfactory since its establishment
one year ago, however, both parties agreed that certain changes must be made to
improve the JV's operations that are vital to the JV's further development. On
this basis, Party A and Party B has reached the following agreements after
thorough and friendly discussions:

1.       In JV agreement, Article 13, Party B's capital contribution of
         Rmb10.638 million was to be completed by December 31, 1997. Up to now,
         Party B has injected Rmb5,190,000. Party B is herein committed to an
         additional Rmb5,450,000 before March 31, 1998 to complete Party B's
         capital contribution.

         Party B has loaned to the JV approximately Rmb2,000,000 in the past.
         Party A herein agrees to allow the JV to payback this loan from Party B
         for approximately Rmb2,000,000 immediately upon receiving this amount
         from the capital injection from Party B.

2.       In the JV agreement appendix, "JV registered capital expansion
         agreement" Article 3.2, will be amended to, Party A and Party B agree
         to complete the capital expansion by March 31, 1999. Party A will
         contribute machinery and equipment valued in total at Rmb22.908
         million. Party A's asset contribution must be approved by Party B.
         Party B will contribute cash of total Rmb34.362 million. The total
         registered capital of the JV will be expanded to Rmb75 million. Party
         B's contribution will be as follows:

         Date                                       Amount
         ----                                       --------

         Before June 30, 1998                       Rmb5,000,000
         Before September 30, 1998                  Rmb5,000,000
         Before December 31, 1998                   Rmb10,000,000
         Before March 31, 1999                      Rmb14,362,000
                                                    -------------
                                                    Rmb34,362,000

Party A and Party B will amend the relevant articles associated with registered
capital increase in the Joint Venture Agreement and appendix agreement in
accordance with the above schedule.

3.       The JV Agreement Article 30, General Manager will be appointed by Party
         A will be amended. The Article 18 in the JV Agreement and Article 31 in
         the Articles of Association; "General Manager will be nominated by
         Party A" will be amended to allow

<PAGE>

         that Party B will appoint the Chairman of the Board and General
         Manager. This will reflect Party B's controlling interest in the JV and
         allows Party B's full management control of personnel, finance and
         materials. Party A will appoint Deputy Chairman, First Deputy General
         Manager and Deputy Accountant. Party A appointed employees in the JV
         will monitor the management of personnel, finance, and materials and
         will also be responsible for holding Party A's financial chop.

4.       The JV Agreement Article 26 and Articles of Association Article 20 "The
         Board of Directors" will be amended. The Board of Directors will have
         10 members. Party A will be entitled to 4 director seats and Party B
         will be entitled to 4 director seats and Party B will be entitled to 6
         director seats on the JV's board.

5.       The JV Agreement Article 38.1 and Article of Association Article 57.1
         relates to "Retirement Insurance Scheme" and JV Agreement, Article 38.2
         and Article of Association Article 57.2 relates to "Medical Collective
         Fee" and the JV Agreement appendix 2 relates to "Land, Property use
         right agreement" on the payment due date, the JV agrees to pay Party A,
         before the 5th day of each month, all relevant fees of the previous
         month according to the Joint Venture Agreement. Should the JV fail to
         perform, the daily penalty of the delay is 0.1% of the unpaid amount.

6.       Any other amendment needed in the Joint Venture Agreement should be
         discussed and agreed by Party A and Party B and then submitted to
         relevant authorities for approval.

There will be 4 copies of this agreement. Each party should hold 2 copies. This
agreement will become effective immediately after being signed and chopped by
authorized persons.

Party A:  Wuhan Dong Feng Paper Factory

Party B:  Orient Packaging Limited

Date:  February 27, 1998

                                     2<PAGE>

                              ACQUISITION AGREEMENT

         THIS ACQUISITION AGREEMENT (the "AGREEMENT"), is dated as of October
4, 1999, by and among Orient Packaging Holdings Limited, a Delaware
corporation (the "COMPANY"), Gamma Link Enterprises Corp., a British Virgin
Islands corporation ("GAMMA"), Acamax Inc., a British Virgin Islands
corporation ("ACAMAX"), and Everford Comsec Limited, a Hong Kong corporation
("Everford"), (collectively, the "SHAREHOLDERS").

                                    RECITALS

         WHEREAS, the Shareholders own all of the issued and outstanding
ordinary shares in the capital of Gamma (hereinafter collectively referred to
as the "Gamma Stock");

         WHEREAS, the Company wishes to acquire all of the Gamma Stock in
exchange for a total of 3,600,000 shares of the common stock of the Company
at US$1.50 per share, with a par value of $0.0001 per share (the "Company
Common Stock");

         WHEREAS, the Gamma Shareholders wish to exchange the Gamma Stock for
the Company Common Stock;

         WHEREAS, The Shareholders are the sole shareholders of the Company
and will directly benefit by the transactions contemplated herein;

         NOW, THEREFORE, in consideration of the premises herein contained,
the mutual covenants hereinafter set forth, and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged,
the parties hereto covenant and agree as follows:

                                      TERMS

         1.       EXCHANGE OF SECURITIES.

         Subject to the terms and conditions hereinafter set forth, at the
time of the closing referred to in Section 7 hereof (the "CLOSING DATE"), the
Company will issue and deliver to the Shareholders (or their nominees), as
set forth on the SCHEDULE 1 ATTACHED HERETO, an aggregate of 3,600,000 shares
of the Company Common Stock in exchange for which the Shareholders will
deliver, or cause to be delivered to the Company, all of the Gamma Stock (the
"EXCHANGE").

         2.       REPRESENTATIONS AND WARRANTIES BY GAMMA AND THE SHAREHOLDERS.

         Each of Gamma and the Shareholders jointly and severally represent
and warrant to the Company that, as of the date hereof and as of the Closing
Date:

                  (a) Gamma is a corporation duly organized, validly existing
and in good standing under the laws of the British Virgin Islands. Copies of
the Memorandum and Articles of Association for Gamma have heretofore been
furnished to the Company and such documents are true and correct copies of
the Memorandum and Articles of Association of Gamma and

<PAGE>

include all amendments thereto. Gamma has authorized Capital Stock consisting
of 5,000,000 shares of Gamma stock of which 1,000,000 shares of Gamma stock
are duly and validly issued, and outstanding, fully paid and not assessable.
No other securities of Gamma, or rights, options or warrants to subscribe for
or acquire securities of Gamma, other than the above-described shares, exist
or issued, outstanding or agreed to be issued. Gamma has not granted to any
party registration or similar rights with respect to its capital stock.

                  (b) Gamma is the owner of a 51% interest in Sino-Panel
(Gaoyao) Limited , a British Virgin Islands corporation ("Sino-Panel") which
in turn owns a 75,000 m3/annum particleboard production line engineered by
Schauman Wood Oy, Finland and situated in Gaoyao, Guangdong, People's
Republic of China.

                  (c) The consolidated balance sheets of Gamma and its
subsidiary, (the "GAMMA GROUP") as at December 31, 1998, and the consolidated
statements of income, consolidated changes in stockholders' equity and
consolidated statements of cash flow for each of the years ended December 31,
1998 prepared by Gamma and audited by a Certified Public Accountants in Hong
Kong, fairly present, as of such dates the consolidated financial condition
of the Gamma Group and the results of operations, changes in stockholders
equity and cash flow for the periods then ended.

                  (d) Each member of the Gamma Group has the power to own its
properties and carry on its business as now being conducted and as proposed
to be conducted;

                  (e) Except as set forth on Schedule 2(e) attached hereto,
no member of the Gamma Group has contracts, agreements, leases, licenses,
arrangements, commitments, or other undertakings (collectively the "Gamma
Contracts") to which such member is a party or to which it or its property is
subject, except as disclosed on such schedule, no member of the Gamma Group
is in material default, or alleged to be in material default, under any Gamma
Contract, and, to the knowledge of Gamma or the Shareholders, no other party
to any Gamma Contract is in default thereunder nor, to the knowledge of Gamma
or the Shareholders, does there exist any condition or event, which, after
notice or lapse of time or both, would constitute a default by any party to
such Gamma Contract.

                  (f) Except as set forth on Schedule 2(f) attached hereto,
there are no contracts, agreements, arrangements, or other transactions
between any member of the Gamma Group and any officer, director or five
percent (5%) shareholder thereof, a member of such officer, director or five
percent shareholder's family, or any affiliate of any such officer, director
or five percent shareholder.

                  (g) Each member of the Gamma Group has complied, in all
material respects, with the terms and provisions of all agreements to which
it is a party and all laws, rules, regulations and orders to which it or its
assets are subject.

                  (h) No member of the Gamma Group is involved in any pending
or threatened litigation and there is no dispute, claim, arbitration,
proceeding, or, to the knowledge of Gamma or the Shareholders, threatened
against any such member affecting any of its properties or assets that might
result, either in any case or in the aggregate, in a material average change
in the business, operations, affairs or financial condition of such member or
its properties or assets, or

                                      2

<PAGE>

that might call into question the validity of this Agreement or any action
taken or to be taken pursuant hereto.

                  (i) The execution, delivery and performance of this
Agreement has been duly authorized by all necessary corporate (including
stockholder) action of Gamma and each of the Shareholders. This Agreement
constitutes the valid and binding obligation of Gamma and the Shareholders
enforceable in accordance with its terms, except as enforceability thereof
may be limited by applicable bankruptcy, insolvency and similar laws
effecting creditor's rights and by general principles of equity. The
execution, delivery and performance by Gamma and the Shareholders of this
Agreement, the consummation of the Exchange, the issuance and sale of the
Gamma Stock to Company, and the consummation of the other transactions
contemplated by this Agreement to be performed by Gamma and the Shareholders
do not and will not require the authorization, consent, permit or approval
of, or declaration to or filing with, any court, regulatory or public body or
governmental authority not already obtained or made, or result in the
creation of any lien, security interest, charge or encumbrance upon the
capital stock or assets of Gamma or any other member of the Gamma Group.

                  (j) Each member of the Gamma Group has good and marketable
title to all the properties owned by it, free and clear of all liens,
security interests, charges, encumbrances and defects.

                  (k) None of the members of the Gamma Group use any
processes or products and is not engaged in any activities which infringe any
patents, copyrights, trademarks, service marks, designs, trade or business
names or other registrable or unregistrable intellectual property rights of
any third party.

                  (l) Since December 31, 1998, no member of the Gamma Group
has experienced any material adverse changes with respect to its business
condition (financial or otherwise), results of operations, assets,
liabilities or prospects. Without limiting the generality of the foregoing:

                            (i) Such member has not declared, paid or made
nor is proposing to declare, pay or make any dividend or other distribution;

                            (ii) No event has occurred which would entitle
any third party (with or without the giving of notice, the lapse of time, or
both) to call for the repayment of indebtedness prior to its normal maturity
date;

                            (iii) The business of such member has been
carried on in the ordinary and usual course and in the same manner (including
nature and scope) as in the past, no fixed asset or stock has been written up
nor any debt written off, and no unusual or abnormal contract has been
entered into by such member; and

                            (iv) No asset of such member has been acquired or
disposed of, or has been agreed to be acquired or disposed of, otherwise than
in the ordinary course of business and there has been no disposal or parting
with possession of any of its property, assets (including know-how) or stock
in trade or any payments by such member, and no contract involving
expenditure by it on capital account has been entered into by such member,
and no liability has

                                     3

<PAGE>

been created or has otherwise arisen (other than in the ordinary course of
business as previously carried on).

                  (m) Each member of the Gamma Group has complied, in all
material respects, with the terms and provisions of all agreements to which
it is a party and all laws, rules, regulations and orders or to which it or
its assets are subject.

                  (n) Since December 31, 1998, no member of the Gamma Group
has provided any guarantees to any third party.

         3.       REPRESENTATIONS AND WARRANTIES BY THE SHAREHOLDERS.

         Each Shareholder, severally and not jointly, represents and warrants
to the Company that, as of the date hereof and as of the Closing Date:

                  (a) Such Shareholder has good and marketable title to all
of the shares of Gamma Stock which it is selling, transferring and
exchanging, free and clear of any and all liens or encumbrances.

                  (b) Such Shareholder has full power to exchange its shares
of Gamma Stock upon the terms provided for in this Agreement.

                  (c) Such Shareholder understands that the Company is
relying upon an exemption from registration under the Securities Act of 1933,
as amended (the "SECURITIES ACT"), as set forth in Section 4 thereof, which
relate to "transactions by an issuer not involving any public offering," and
applicable regulations promulgated by the Securities and Exchange Commission
("SEC") thereunder.

                  (d) The Company has made available to such Shareholder and
its representative, if any, the opportunity to ask questions of and receive
answers from the Company concerning the terms and conditions of the Exchange
and to obtain any additional information desired by the Shareholder
concerning the Company.

                  (e) The investment by such Shareholder in the Company
Common Stock is a suitable investment for such Shareholder, given the
investment goals and objectives of such Shareholder.

                  (f) Such Shareholder, either individually or together with
his purchaser representative, if one has been retained, has such knowledge
and experience in financial and business matters that he is capable of
evaluating the merits and risks of an investment in the Company Common Stock.
The Shareholder understands the effect of accepting the Exchange and the
rights, restrictions and obligations of a holder of Company Common Stock.

                  (g) Such Shareholder is purchasing the Company Common Stock
for the Shareholders own account, for investment purposes only, and not with
a view to the sale, pledge, hypothecation, or other distribution or
disposition thereof or of any interest therein.

                  (h) Such Shareholder understands that resale or transfer of
the Company Common Stock will be prohibited indefinitely unless either (i)
the Company causes the

                                      4

<PAGE>

Company Common Stock to be registered under the Securities Act or, (ii) an
exemption from such registration is available and such resale or transfer
will not otherwise violate federal or state securities laws. Such Shareholder
further understands that a legend will be affixed to the certificates
representing the Company Common Stock setting forth the foregoing limitations.

         4.       REPRESENTATION, WARRANTIES AND COVENANTS BY THE COMPANY

         The Company represents and warrants to the Shareholders and Gamma
that, as of the date hereof and as of the Closing Date (except as modified by
the conditions precedent):

                  (a) The Company is a corporation duly organized, validly
existing and in good standing under the laws of the State of Delaware and has
the corporate power to own its properties and carry on its business as now
being conducted and as proposed to be conducted and has authorized capital
stock consisting of 50,000,000 shares of Company Common Stock of which
4,154,158 shares of Company Common Stock are duly and validly issued and
outstanding, fully paid and non-assessable. Copies of the Certificate of
Incorporation, Amendments of the Certificate of Incorporation and the By-Laws
for the Company have been furnished by the Company to the Shareholders and
Gamma and such documents are true and correct copies of the Certificate of
Incorporation and the By-Laws of the Company and include all amendments
thereto. No other securities of the Company, or rights, options or warrants
to subscribe for or acquire securities of the Company, other than the
above-described shares, exist or are issued, outstanding or agreed to be
issued. The Company has not granted to any party registration or similar
rights with respect to its capital stock.

                  (b) The Company has all of the corporate power and
authority necessary to execute, deliver and perform this Agreement and to
issue and deliver the Company Common Stock required to be delivered hereunder.

                  (c) The execution, delivery and performance of this
Agreement have been duly authorized by all necessary corporate (including
stockholder) action of the Company. This Agreement, constitute the valid and
binding obligation of the Company enforceable in accordance with its terms,
except as the enforceability thereof may be limited by applicable bankruptcy,
insolvency or similar laws affecting creditor's rights and by general
principles of equity. The execution, delivery and performance by the Company
of this Agreement, the consummation of the Exchange, the issuance and sale of
the Company Common Stock to the Shareholders, and the consummation of the
other transactions contemplated by this Agreement, to be performed by the
Company do not and will not require the authorization, consent, permit or
approval of, or declaration to or filing with, any court, regulatory or
public body or governmental authority not already obtained or made, or result
in the creation of any lien, security interest, charge or encumbrance upon
the capital stock or assets of the Company.

                  (d) The Company has good marketable title to all the
properties owned by it, free and clear of all liens, security interests,
charges, encumbrances and defects.

                  (e) The consolidated balance sheets of the Company and its
consolidated subsidiaries (the "Company Group") prepared by the Company and
audited by Horwath Hong Kong Limited, Accountants, as at December 31, 1997
and 1998, and the consolidated statements of operations and cash flow for the
years ended December 31, 1997 and 1998, and the consolidated statements of
changes in shareholders' equity for each of the years ended December

                                    5

<PAGE>

31, 1997 and 1998 attached hereto as SCHEDULE 4(e) (THE "COMPANY FINANCIAL
STATEMENTS"), present fairly as of such dates the consolidated financial
condition of the Company Group and the results of the operations for the
periods then ended. The audited consolidated financial statements of the
Company have been prepared in accordance with US GAAP.

                  (f) Since December 31, 1998, no member of the Company Group
has experienced any material adverse changes with respect to its business
condition (financial or otherwise), results of operations, assets,
liabilities or prospects. Without limiting the generality of the foregoing:

                            (i) The Company has not declared, paid or made
nor is proposing to declare, pay or make any dividend or other distribution;

                            (ii) No event has occurred which would entitle
any third party (with or without the giving of notice, the lapse of time, or
both) to call for the repayment of indebtedness prior to its normal maturity
date;

                            (iii) The business of each member of the Company
Group has been carried on in the ordinary and usual course and in the same
manner (including nature and scope) as in the past, no fixed asset or stock
has been written up nor any debt written off, and no unusual or abnormal
contract has been entered into by the Company;

                            (iv) No asset of the Company has been acquired or
disposed, or has been agreed to be acquired or disposed of, otherwise than in
the ordinary course of business and there has been no disposal or parting
with possession of any of its property, assets (including know-how) or stock
in trade or any payments by the Company, and no contract involving
expenditure by it on capital account has been entered into by the Company,
and no liability has been created or has otherwise arisen (other than in the
ordinary course of business as previously carried on);

                  (g) The Company has complied, in all material respects,
with the terms and provisions of all agreements to which it is a party and
all laws, rules, regulations and orders or to which it or its assets are
subject.

                  (h) Since December 31, 1998, the Company has not provided
any guarantees to any third party.

                  (i) Neither the execution or delivery of this Agreement nor
the issuance of the Company Common Stock hereunder, nor the performance,
observance or compliance with the terms and provisions of this Agreement,
will violate any provision of law, rule or regulation, any order of any court
or other governmental agency, the Certificate of Incorporation or By-laws of
the Company or any indenture, agreement or other instrument to which the
Company is a party, or by which the Company is bound or by which any of its
property is bound.

                  (j) The Company Common Stock is currently listed for
trading on the OTC Bulletin Board, and the Company has received no notice
that its Common Stock is subject to being delisted therefrom.

                                 6

<PAGE>

                  (k) The Company is not involved in any pending or
threatened litigation and there is no dispute, claim, arbitration, proceeding
or, to the knowledge of the Company, threatened against the Company affecting
any of its properties or assets that might result, either in any case or in
the aggregate, in any material adverse change in the business, operations,
affairs or financial condition of the Company or its properties or assets, or
that might call into question the validity of this Agreement, or any action
taken or to be taken pursuant hereto.

                  (l) The Company hereby acknowledges that the Gamma Stock to
be exchanged for the Company Common Stock is not registered under the
Securities Act or the laws of any other jurisdiction and are subject to
restrictions on their transfer and resale under applicable federal and state
law.

                  (m) The Company understands that (i) in agreeing to
transfer their Gamma Stock to the Company in the Exchange, the Shareholders
are relying upon an exemption from registration under the Securities Act, as
set forth in Section 4 thereof, which relate to private resales of
securities, and (ii) the Shareholders are also relying upon the securities
laws of any state on the basis that the Exchange is a transaction exempt from
the registration requirements of such laws.

                  (n) The Company is purchasing the Gamma Stock for its own
account, for investment purposes only, and not with a view to the sale,
pledge, hypothecation, or other distribution or disposition thereof or of any
interest therein.

         5.       CONDITIONS TO THE OBLIGATIONS OF THE COMPANY.

         The obligation of the Company to consummate the Exchange pursuant to
Section 1 is subject to the satisfaction of the following conditions as of
the Closing Date:

                  (a) the representations and warranties made by the
Shareholders and Gamma shall be accurate in all material respects as of the
date hereof and as of the Closing Date and the terms and conditions of this
Agreement to be performed and complied with by the Shareholders on or prior
to the Closing Date shall have been performed and complied with by the
Shareholders on or prior to the Closing Date, and the Company will have
received a certificate, in the form attached as EXHIBIT 5(a), signed by each
of the Shareholders and Gamma, dated the Closing Date, certifying to such
effect;

                  (b) Gamma and the Shareholders shall have received all
corporate, regulatory and other third party approvals and authorizations
necessary to consummate the Exchange.

                  (c) The Company shall have completed to its sole
satisfaction its due diligence on the business and affairs of the Gamma Group.

         6.       CONDITIONS TO THE OBLIGATIONS OF GAMMA AND THE SHAREHOLDERS.

         The obligation of the Shareholders to consummate the Exchange
pursuant to Section 1 is subject to the satisfaction of the following
conditions as of the Closing Date:

                  (a) the representations and warranties made by the Company
shall be accurate in all material respects as of the date hereof and as of
the Closing Date and the terms and

                                      7

<PAGE>

conditions of this Agreement to be performed and complied with by the Company
on or prior to the Closing Date shall have been performed and complied with
by the Company on or prior to the Closing Date, and the Shareholders will
have received a certificate, in the form attached as EXHIBIT 6(a), signed by
each of the Company , dated the Closing Date, certifying to such effect;

         7.       CLOSING DATE.

         The Closing Date shall take place on, or prior, to December 4, 1999
at the offices of the Company, or at such other time and place as the parties
hereto shall mutually agree.

         8.       ACTIONS AT CLOSING.

         At Closing, the Company and the Shareholders will each deliver, or
cause to be delivered to the other, certificates representing the Company
Common Stock and Gamma Stock to be exchanged in accordance with Section 1,
and each party shall pay any and all taxes required to be paid in connection
with the issuance and delivery of its own securities. All share certificates
shall be in the name of the party to which the same are deliverable or its
nominees except the Shareholders' shares, which will be accompanied by an
instrument of transfer executed in favor of the Company.

         In addition, Gamma will deliver to the Company:

                           (1) the written resignations of all directors and
         such officers and auditors of each member of the Gamma Group required
         by the Company, which resignations will contain an acknowledgment from
         each of them that they have no claims against such member for loss of
         office, unpaid compensation, or otherwise; and

                           (2) all registration certificates, statutory books,
         minute books and common seal of each member of the Gamma Group, all
         account books and all documents and papers in connection with the
         affairs of such member and all documents of title relating to such
         member's assets (unless already in the possession of the Company) as
         are required by the Shareholders.

         9.       CONFIDENTIAL INFORMATION; DELIVERY; RETURN; NON-DISCLOSURE.

                  (a) DELIVERY OF INFORMATION. Until the earlier of the
Closing Date or the termination of this Agreement (such date hereinafter the
"TERMINATION DATE"), pursuant to the terms of this Agreement:

                           (1) Gamma will provide the Company and its officers,
         directors, employees, agents, counsel, accountants, financial advisors,
         consultants and other representatives (together "COMPANY
         REPRESENTATIVES") with reasonable access, upon reasonable prior notice,
         to all officers, employees and accountants of each member of the Gamma
         Group and to their assets, properties, contracts, books, records and
         all such other information and data concerning the business and
         operations of such member as the Company Representatives reasonably may
         request in connection with such investigation, but only to the extent
         that such access does not unreasonably interfere with the business and
         operations of such member.

                                      8

<PAGE>

                           (2) The Company will provide the Shareholders and
         Gamma and their officers, directors, employees, agents, counsel,
         accountants, financial advisors, consultants and other representatives
         (together "GAMMA REPRESENTATIVES") with reasonable access, upon
         reasonable prior notice, to all officers, employees and accountants of
         the Company and to its assets, properties, contracts, books, records
         and all such other information and data concerning the business and
         operations of the Company as the Gamma Representatives reasonably may
         request in connection with such investigation.

                  (b)      ACKNOWLEDGEMENTS; DEFINITIONS:

                           (1) The Company has been and, pursuant to the terms
         of this Section, shall continue to be privy to certain proprietary and
         confidential information of Gamma, and/or the Shareholders (the "GAMMA
         CONFIDENTIAL INFORMATION"). As used herein, the term "GAMMA
         CONFIDENTIAL INFORMATION" shall include, but not be limited to, any and
         all information or documentation whatsoever which has been disclosed or
         made available to the Company Representatives by Gamma, the
         Shareholders, regarding their products, services, techniques,
         manufacturing or other processes, activities, businesses, properties,
         operations, clients, customers, prospective clients, price lists,
         suppliers, business associates equipment, Trade Secrets (as defined
         herein), computer software, scientific discoveries, experiments, data,
         equipment designs, training, devices, charts, manuals, payroll,
         financial statements and improvements thereto and any other information
         or materials disclosed or delivered to the Company Representatives
         which the disclosing party may from time to time designate and treat as
         confidential, proprietary or as a trade secret, including without
         limitation all information relating (directly or indirectly) to the
         material set forth in the Gamma business plan delivered or to be
         delivered to the Company Representatives.

                           (2) Gamma and/or the Shareholders have been and,
         pursuant to the terms of this Section, shall continue to be privy to
         certain proprietary and confidential information of the Company (the
         "COMPANY CONFIDENTIAL INFORMATION"). As used herein, the term "COMPANY
         CONFIDENTIAL INFORMATION" shall include, but not be limited to, any and
         all information or documentation whatsoever which has been disclosed or
         made available to Gamma Representatives by the Company regarding its
         products, services, techniques, manufacturing or other processes,
         activities, businesses, properties, operations, clients, customers,
         prospective clients, price lists, suppliers, business associates,
         equipment, Trade Secrets (as defined herein), computer software,
         scientific discoveries, experiments, data, equipment designs, training
         devices, charts, manuals, payroll, financial statements and
         improvements thereto and any other information or materials disclosed
         or delivered to Gamma Representatives which the disclosing party may
         from time to time designate and treat as confidential, proprietary or
         as a trade secret.

                           (3) Reference to "CONFIDENTIAL INFORMATION" herein
         shall include and relate to both Gamma Confidential Information and the
         Company Confidential Information.

                           (4) As used herein, the term "TRADE SECRET" shall
         mean the whole or any portion of any formula, pattern, device,
         combination of devices, or compilation of information which is for use,
         or is used in the operation of the other party's businesses

                                         9

<PAGE>
         and which provides such party's business as advantage, or an
         opportunity to obtain an advantage, over those who do not know or use
         it. For purposes of interpretation hereunder the following shall apply:

                  Irrespective of novelty, invention, patentability, the
state of the prior art, and the level of skill in the business, art or field
to which the subject matter pertains, when the owner thereof takes measures
to prevent it from becoming available to persons other than those selected by
the owner to have access thereto for limited purposes, a trade secret is
considered to be a secret, of value, for use or in use by the business, and
of advantage to the business, or providing an opportunity to obtain an
advantage, over those who do not know or use it.

                  In addition, a "TRADE SECRET" shall include information
(not readily compiled from publicly available sources) which has been made
available by Gamma, and/or the Shareholders to the Company Representatives or
by the Company to the Gamma Representatives, as the case may be, during the
course of their involvement with each other, including but not limited to the
names, addresses, telephone numbers, qualifications, education,
accomplishments, experience and resumes of all persons who have applied or
been recruited for employment, for either or both permanent and temporary
jobs, job order specifications and the particular characteristics and
requirements of persons generally hired by the disclosing party, as well as
specific job listings from companies with whom the disclosing party does, or
attempts to do, business, as well as mailing lists, computer runoffs,
financial or other information not generally available to others.

                  (c)      NON-DISCLOSURE; THE COMPANY:

                           (1) The Company, for itself, its officers, employees,
         directors, agents, affiliates, subsidiaries, independent contractors,
         and related parties, including Horler (all of whom are to be deemed
         included in any reference herein to the Company) agrees that it will
         not at any time during or after the termination or expiration of this
         Agreement, except as authorized or directed herein or in writing by
         Gamma and/or the Shareholders, use for the Company's own benefit, copy,
         reveal, sell, exchange or give away, disclose, divulge or make known or
         available in any manner to any person, firm, corporation or other
         entity (whether or not the Company receives any benefit therefrom), any
         Gamma Confidential Information.

                           (2) The Company will take all actions necessary to
         ensure that the Gamma Confidential Information is maintained as secret
         and confidential and its disclosure shall only be made to the extent
         necessary, to a limited group of the Company's employees, officers
         and/or directors who are actually engaged in the evaluation of the
         Gamma Confidential Information; provided however, the Company
         acknowledges and agrees that it shall be responsible and held liable
         for the actions or inactions of such employees, officers and directors
         (regardless whether or not such actions or inactions are within their
         scope of employment) with respect to the maintenance of the secrecy and
         confidentiality of the Gamma Confidential information.

                           (3) The Company understands that if it discloses to
         others, use for its own benefit (other than as part of an agreement
         with Gamma and the Shareholders, which expressly provides for such use)
         or for the benefit of any person or entity other than Gamma and/or the
         Shareholders, copies or makes notes of any such Gamma Confidential

                                         10

<PAGE>

         Information, such conduct will constitute a breach of the confidence
         and trust bestowed upon the Company by Gamma and the Shareholders and
         will constitute a breach of this Agreement and render the Company
         responsible for any and all damages suffered by Gamma and/or the
         Shareholders as a result thereof.

                           (4) Provided, however, notwithstanding the foregoing,
         the terms of this subsection (c) shall not be applicable to any
         information which the Company is compelled to disclose by judicial or
         administrative process or by other requirements of law (including,
         without limitation, in connection with obtaining the necessary
         approvals of the Exchange of governmental or regulatory authorities),
         except that the Company shall procure the confidential treatment of any
         Gamma Confidential Information which it is compelled to disclose by
         this Section 9(c)(4) and that access thereto shall be strictly
         restricted to persons to whom such judicial and administrative process
         requires. In the event of any such disclosure of any Gamma Confidential
         Information, Gamma and the Shareholders shall have the right to
         petition any court of competent jurisdiction for any remedy or order
         (interim or otherwise) for the protection of confidentiality of such
         Gamma Confidential Information.

                  (d) NON-DISCLOSURE: GAMMA AND THE SHAREHOLDERS:

                           (1) Gamma and the Shareholders, for themselves, their
         officers, employees, directors, agents, affiliates, subsidiaries,
         independent contractors, and related parties (all of whom are to be
         deemed included in any reference herein to Gamma and the Shareholders)
         severally (but not jointly) agree that they will not at any time during
         or after the termination or expiration of any agreement or negotiations
         for an agreement with the Company, except as authorized or directed
         herein or in writing by the Company, use for Gamma and the
         Shareholders' own benefit, copy, reveal, sell, exchange or give away,
         disclose, divulge or make known or available in any manner to any
         person, firm, corporation or other entity (whether or not Gamma and the
         Shareholders receive any benefit therefrom), any Company Confidential
         Information.

                           (2) Gamma and the Shareholders severally (but not
         jointly) agree to take all actions necessary to ensure that the Company
         Confidential Information is maintained as secret and confidential and
         its disclosure shall only be made, to the extent necessary, to a
         limited group of Gamma and/or the Shareholders' own employees,
         officers, directors and/or professional advisors who are actually
         engaged in the evaluation of the Company Confidential Information;
         provided, however, Gamma and the Shareholders severally (but not
         jointly) acknowledge and agree that they shall be responsible and held
         liable for the actions or inactions of such employees, officers,
         directors and/or professional advisors (regardless whether or not such
         actions or inactions are within their scope of employment) with respect
         to the maintenance of the secrecy and confidentiality of the Company
         Confidential Information.

                           (3) Gamma and the Shareholders understand that if
         they disclose to others, use for their own benefit (other than as part
         of an agreement with the Company, which contemplates such use) or for
         the benefit of any person or entity other than the Company, copies or
         make notes of any such Company Confidential Information, such conduct
         will constitute a breach of the confidence and trust bestowed upon
         Gamma and the

                                         11

<PAGE>

         Shareholders by the Company and will constitute a breach of this
         Agreement and render Gamma and the Shareholders severally (but not
         jointly) responsible for any and all damages suffered by the Company
         as a result thereof.

                           (4) Provided, however, notwithstanding the foregoing,
         the terms of this subsection (d) shall not be applicable to (i) any
         information which Gamma and/or the Shareholders are compelled to
         disclose by judicial or administrative process or by other requirements
         of law (including, without limitation, in connection with obtaining the
         necessary approvals of the Exchange of governmental or regulatory
         authorities), (ii) information that is publicly available, (iii)
         information previously in the possession of Gamma and/or the
         Shareholders, (iv) information obtained independently from third
         parties and (v) with respect to the Shareholders, information that is
         disclosed for inter-fund reporting purposes.

                  (e)      RETURN OF INFORMATION:

                           (1) At any time after the Termination Date, upon
         request of Gamma or any Shareholder, the Company will, and will cause
         the Company Representatives to promptly (and in no event later than
         five days after such request) redeliver or cause to be redelivered to
         Gamma or the Shareholder (as applicable) all Gamma Confidential
         Information and destroy or cause to be destroyed all notes, memoranda,
         summaries, analyses, compilations and other writings relating thereto
         or based thereon prepared by the Company or any Company Representative.
         Such destruction shall be certified in writing to Gamma and the
         Shareholders by an authorized officer supervising such destruction.

                           (2) At any time after the Termination Date, upon
         request of the Company, the Shareholders and/or Gamma will, and will
         cause the Gamma Representatives to, promptly (and in no event later
         than five days after such request) redeliver or cause to be redelivered
         to the Company all original Company Confidential Information.

         10.      EQUITABLE RELIEF.

         The Company, Gamma and the Shareholders agree that money damages
would not be a sufficient remedy for any breach or threatened breach of any
provision set forth in Sections 9, or 12 by the other, and that, in addition
to all other remedies which any party hereto may have, each party will be
entitled to specific performance and injunctive or other equitable relief as
a remedy for any such breach or threatened breach. No failure or delay by any
party hereto in exercising any right, power or privilege hereunder will
operate as a waiver thereof, nor will any single or partial exercise thereof
preclude any other or further exercise thereof or the exercise of any right,
power or privilege hereunder.

         11.      CONDUCT AND BUSINESS.

                  (a) Between the date hereof and the Closing Date, each
member of the Gamma Group shall conduct its business in substantially the
same manner in which it has heretofore been conducted, and the Shareholders
will not permit any such member to: (1) enter into any contracts, agreements
or arrangements, other than in the ordinary course of business, or (2)
declare or make any distribution of any kind to the Shareholders.

                                      12

<PAGE>

                  (b) Between the date hereof and the Closing Date, the
Company shall conduct its business in substantially the same manner in which
it has heretofore been conducted, and the Company will not; (1) enter into
any contracts, agreements or arrangements, other than in the ordinary course
of business, or (2) declare or make any distribution of any kind to the
shareholders of the Company.

         12.      NO PUBLIC DISCLOSURE.

                  (a) Gamma and the Shareholders hereby acknowledge that they
are aware (and that the Gamma Representatives who have been apprised of this
Agreement and the Shareholders' consideration of the Exchange have been, or
upon becoming so apprised will be advised) of the restrictions imposed by
federal and state securities laws on a person possessing material
"non-public" information about a company with a class of securities
registered under the Exchange Act. In this regard, each such Shareholder
agrees that while it is in possession of material non-public information with
respect to the Company and its subsidiaries, such Shareholder will not
purchase or sell any securities of the Company, or communicate such
information to any third party, in violation of any such laws.

                  (b) Without the prior written consent of the other, neither
the Shareholders or Gamma, on the one hand, nor the Company, on the other,
will, and will each cause their respective representatives not to, make any
release to the press or other public disclosure with respect to either the
fact that discussions or negotiations have taken place concerning the
Exchange, the existence or contents of this Agreement or any prior
correspondence relating to this transaction, except for such public
disclosure as may be necessary, in the written opinion of outside counsel
(reasonably satisfactory to the other party) for the party proposing to make
the disclosure not to be in violation of or default under any applicable law,
regulation or governmental order. If either party proposes to make any
disclosure based upon such an opinion, that party will deliver a copy of such
opinion to the other party, together with the text of the proposed
disclosure, as far in advance of its disclosure as is practicable, and will
in good faith consult with and consider the suggestions of the other party
concerning the nature and scope of the information it proposes to disclose.

         13.      AGREEMENT TO INDEMNIFY.

         Subject to the terms and conditions of this Section, the Company
hereby agrees, to indemnify, defend and hold the Shareholders harmless from
and against all demands, claims, actions or causes of action, assessments,
losses, damages, liabilities, costs and expenses, including without
limitation, interest, penalties, court costs and reasonable attorneys' fees
(including paralegal and law clerk fees and other legal expenses and costs)
and expenses, asserted against, relating to, imposed upon or incurred by the
Shareholders by reason of or resulting from a breach of (i) any agreement set
forth in this Agreement by the Company or (ii) any representation or warranty
given by the Company contained in or made pursuant to this Agreement, or
(iii) any liability of the Company Group existing, accruing or arising on or
before the Closing Date; provided that, in the case of clause (ii), notice of
such breach of representation or warranty is given to the Company within two
years of the Closing Date, except with respect to the representations and
warranties contained in Sections 4(a) through 4(d), 4(k) and 4(l), which
shall survive without limitation.

                                    13

<PAGE>

         Subject to the terms and conditions of this Section, each of Gamma
and the Shareholders hereby agrees, severally and not jointly, to indemnify,
defend and hold the Company harmless from and against all demands, claims,
actions or causes of action, assessments, losses, damages, liabilities, costs
and expenses, including without limitation, interest, penalties, court costs
and reasonable attorneys' fees (including paralegal and law clerk fees and
other legal expenses and costs) and expenses, asserted against, relating to,
imposed upon or incurred by the Company by reason of or resulting from a
breach of (i) any agreement set forth in this Agreement by Gamma or such
Shareholder, or (ii) any representation or warranty given by Gamma or such
Shareholder contained in or made pursuant to this Agreement, provided that
notice of such breach of representation or warranty is given to Gamma or the
Shareholder within two years of the Closing Date, except with respect to the
representations and warranties contained in Sections 2(a) - 2(b), 3(a) and
3(b), which shall survive without limitation.

         All of the foregoing are hereinafter collectively referred to as
"CLAIMS" and singularly as a "CLAIM."

                  (a)      CONDITIONS OF INDEMNIFICATION.

                  The obligations and liabilities of the Shareholders, Gamma,
and the Company, with respect to Claims resulting from the assertion of
liability by any of them, shall be subject to the following terms and
conditions:

                           (1) The party hereto seeking indemnification (the
         "INDEMNITEE") will give the other party hereto from whom
         indemnification is sought (the "INDEMNITOR") notice of any such Claim
         reasonably promptly after the Indemnitee receives notice thereof, and
         the Indemnitor will have the right to undertake the defense thereof by
         representatives of its own choosing. The failure of any Indemnitee to
         give notice as provided herein shall not relieve the Indemnitor of its
         obligations under Section 14 above, except to the extent that the
         Indemnitor is prejudiced by the failure to give such notice. When the
         Indemnitor undertakes the defense of any claim, the Indemnitee shall
         have the right to participate in contesting such claim at its own costs
         and expense.

                           (2) In the event that the Indemnitor, within ten (10)
         business days after notice of any such Claim, fails to defend such
         Claim, the Indemnitee will (upon giving written notice to the
         Indemnitor) have the right, but not the obligation, to undertake the
         defense, compromise or settlement of such Claim on behalf of and for
         the account and risk of the Indemnitor, subject to the right of the
         Indemnitor to assume the defense of such Claim at any time prior to
         settlement, compromise or final determination thereof.

                           (3) The Indemnitor shall not, without the
         Indemnitee's written consent, settle or compromise any Claim or consent
         to entry of any judgment which does not include an unconditional
         release from all liability in respect of such Claim, other than
         liability specified in the settlement, from the claimant or plaintiff
         to the Indemnitee. To the greatest extent reasonably possible, the
         parties shall attempt to obtain general releases from such plaintiff or
         claimant.

         14.      COST AND EXPENSES.

                                       14

<PAGE>

         Each party hereto shall pay its own costs and expenses incident to the
negotiation and preparation of this Agreement, to the consummation of the
transactions contemplated herein and therein.

         15.      MISCELLANEOUS.

                  (a)      WAIVER; STRICT CONSTRUCTION:

                  No change or modification of this Agreement shall be valid
unless the same is in writing and signed by all the parties hereto. No waiver of
any provision of this Agreement shall be valid unless in writing and signed by
the person against whom sought to be enforced. The failure of any party at any
time to insist upon strict performance of any condition, promise, agreement or
understanding set forth herein shall not be construed as a waiver of
relinquishment of the right to insist upon strict performance of the same
condition, promise, agreement or understanding at a future time.

                  (b)      ENTIRE AGREEMENT.

                  This Agreement, together with all schedules and exhibits
hereto sets forth all of the promises, agreements, conditions, understandings,
warranties and representations among the parties hereto, and there are no
promises, agreements, conditions, understandings, warranties or representations,
oral or written, express or implied, among them other than as set forth herein.
This Agreement is, and is intended by the parties to be, an integration of any
and all prior agreements or understandings, oral or written.

                  (c)      HEADINGS.

                  The headings in this Agreement are inserted for convenience of
reference only and are not to be used in construing or interpreting the
provisions of this Agreement.

                  (d)      COUNTERPARTS.

                  This Agreement may be executed in two or more identical
counterparts, each of which will be deemed an original and all of which will
constitute one instrument.

                  (e)      CONSTRUCTION.

                  Unless the context clearly otherwise requires the use of the
singular will include the plural and the use of the plural will include the
singular, and the use of any gender will include the other two genders.

                  (f)      SEVERABILITY.

                  If a covenant or provision provided in this Agreement is
deemed to be contrary to law, that covenant or provision will be deemed
ineffective and will not affect the validity, interpretation, or effect of the
other provisions of either this Agreement or any agreement executed pursuant to
it or the application of that covenant or provision to other circumstances not
contrary to law

                                        15

<PAGE>

                  (g)      COMPUTATION OF TIME.

                  Whenever the last day for the exercise of any privilege or the
discharge of any duty hereunder falls upon Saturday, Sunday, or any public or
legal holiday, whether Delaware or federal, the party having the privilege or
duty will have until 5:00 p.m. Pacific Standard Time on the next succeeding
regular business day to exercise the privilege or discharge the duty.

                  (h)      Interpretation.

                  No provision of this Agreement will be construed against or
interpreted to the disadvantage of any party by any court or other
governmental or judicial authority by reason of such party having or being
deemed to have structured or dictated such provision.

                  (i)      GOVERNING LAW.

                  This Agreement and the obligations of the parties hereunder
will be interpreted, construed, and enforced in accordance with the Laws of
the State of Delaware.

                  (j)      ATTORNEYS' FEES.

                  In the event a lawsuit is brought by any party to enforce
or interpret the terms hereof, or for any dispute arising out of this
transaction, the party prevailing in any such lawsuit shall be entitled to
recover from the non-prevailing party its costs and expenses thereof,
including its legal fees in reasonable amount and prejudgment and
post-judgment interest at the highest rate allowable under Delaware law.

                  (k)      ASSIGNMENT.

                  This Agreement shall not be assignable by any party without
the prior written consent of the other.

                  (l)      NOTICES.

                  All notices, requests, instructions or other documents to
be given hereunder shall be in writing and sent by registered mail or
overnight courier:

                  If to Gamma, then:

                           Gamma Link Enterprises Corp.
                           Omar Hodge Building, 2nd Floor
                           325 Waterfront Drive
                           Wickhams Cay
                           Roadtown, Tortola
                           British Virgin Islands

                                      16

<PAGE>

                  If to the Company, then:

                           Orient Packaging Holdings Limited
                           CLI Building, Suite 1003
                           313 Hennessy Road
                           Wanchai, Hong Kong
                           Attn: Danny Wu

                  With a copy to:

                           David L. Ficksman, Esq.
                           Loeb & Loeb
                           1000 Wilshire Boulevard
                           Suite 1800
                           Los Angeles, California 90017-2475

                  If to the Shareholders then:

                  To the names and addresses of the Shareholders set out on the
signature page of this Agreement.

                  (m)      BENEFIT AND BURDEN.

                  This Agreement shall inure to the benefit of, and shall be
binding upon, the parties hereto and their legatees, distributees, estates,
executors or administrators, successors and assigns, and personal and legal
representatives.

                  IN WITNESS WHEREOF, on the date first written above, the
parties hereto have duly executed this Agreement as of the date and year first
above written.

ORIENT PACKAGING HOLDINGS LIMITED, A DELAWARE CORPORATION

By:
            --------------------------------------

Its:        Chairman

ATTEST:
            --------------------------------------

Its.        Secretary

                                      17

<PAGE>

GAMMA LINK ENTERPRISES CORP., A BRITISH VIRGIN ISLANDS CORPORATION

By:
            --------------------------------------

Its:        Chairman

ATTEST:
            --------------------------------------

Its.        Secretary

SHAREHOLDERS OF GAMMA INVESTMENTS LIMITED:

EVERFORD COMSEC LIMITED, A HONG KONG CORPORATION
Room 901, 9th Floor, Keen Hung Commercial Building
80 Queen's Road East, Hong Kong

By:
            --------------------------------------
Its:        Director

ACAMAX, INC., A BRITISH VIRGIN ISLANDS CORPORATION
The Lake Building, 1st Floor
Wickhams Cay
Roadtown, Tortola
British Virgin Islands

By:
            --------------------------------------
Its:        Director

                                      18

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00000-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00000-of-00352.parquet"}]]