Document:

exhibit10-5.htm

     

     

    
      

      

    

    Exhibit 10.5

      
        

        

        Dated
the 30th day of December
2009

        

        

        

        

      

      
        (1) GREAT EAST
BOTTLES AND DRINKS (BVI) INC.

      

      
        (the
“Seller”)

        

        and

        

      

      
        (2)
Top Sharp Investments Limited

      

      
        (the
“Purchaser”)

        

        and

        

      

      
        (3)
BEST KEY INVESTMENT LIMITED

      

      
        (the
“Company”)

        

        

        

        ___________________________________

        

      

      
        AGREEMENT

      

      
        

        for the
sale and purchase of

        the
entire issued share capital of

        

        BEST KEY INVESTMENT
LIMITED

        ___________________________________

         

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      TABLE OF
CONTENTS

      
 

      
        
          	
                  Clause

                	 
      	
                  Page

                
	 
      	
                       
      AGREEMENT

                	
                  1

                
	
                  1

                	
                  DEFINITIONS
      AND INTERPRETATION

                	
                  2

                
	
                  2

                	
                  SALE
      AND PURCHASE OF THE SALE SHARE

                	
                  4

                
	
                  3

                	
                  CONSIDERATION

                	
                  3

                
	
                  4

                	
                  COMPLETION

                	
                  3

                
	
                  5

                	
                  REPRESENTATIONS,
      warranties AND UNDERTAKINGS

                	
                  4

                
	
                  6

                	
                  CONFIDENTIALITY

                	
                  4

                
	
                  7

                	
                  SEVERABILITY

                	
                  4

                
	
                  8

                	
                  TIME

                	
                  4

                
	
                  9

                	
                  ASSIGNMENT

                	
                  4

                
	
                  10

                	
                  COSTS
      AND EXPENSES

                	
                  4

                
	
                  11

                	
                  STAMP
      DUTY

                	
                  5

                
	
                  12

                	
                  COUNTERPART

                	
                  5

                
	
                  13

                	
                  ENTIRE
      AGREEMENT

                	
                  5

                
	
                  14

                	
                  FURTHER
      ASSURANCE

                	
                  5

                
	
                  15

                	
                  NO
      WAIVER

                	
                  5

                
	
                  16

                	
                  NOTICE

                	
                  6

                
	
                  17

                	
                  GOVERNING
      LAW AND JURISDICTION

                	
                  6

                
	
                  SCHEDULE

                	
                  7

                
	
                  Information
      relating to the company

                	
                  7

                
	
                  EXECUTION
      PAGE

                	
                  8

                

        

        
          
             

          

          
             

            
              

            

          

          
             

          

        

THIS AGREEMENT is dated 30th
December 2009

      

      BETWEEN :-

      

      
        	
                1.

              	
                GREAT EAST BOTTLES AND DRINKS
      (BVI) INC., a company incorporated in the British Virgin Islands
      whose registered office is situate at P.O. Box 3140, Road Town, Tortola,
      British Virgin Islands  (the “Seller”);
      and

              

      

      

      
        	
                2.

              	
                BEST KEY INVESTMENT
      LIMITED (Company No.1137676), a company incorporated with limited
      liability under the Companies Ordinance, (Cap.32), Laws of Hong Kong
      having its registered office situated at 203 Hankow Centre, 5-15 Hankow
      Road, Tsimshatsui, Kowloon, Hong Kong (the “Company”);
      and

              

      

      

      
        	
                 3.

              	
                TOP
      SHARP INVESTMENTS LIMITED, a company incorporated in the British Virgin
      Islands whose registered office is situate at P.O. Box 957, Offshore
      Incorporations Centre, Road Town, Tortola, British Virgin Islands (the
      “Purchaser”).

              

      

      

      

      
        	
                WHEREAS
    :-

              

      

      

      
        	
                (A)

              	
                Best
      Key Investment Limited is a private company limited by shares incorporated
      under the Companies Ordinance (Cap.32), Laws of Hong Kong (the "Company") with an
      authorized share capital of HK$10,000.00 divided into 10,000 ordinary
      shares of HK$1.00 each, of which one share has been issued and fully paid
      up (the "Sale
      Share").  The Seller is the beneficial owner of the
      entire issued share capital of the
Company.

              

      

      

      
        	
                (B)

              	
                The
      Seller has agreed to sell and the Purchaser has agreed to purchase the
      Sale Share, on and subject to the terms and conditions hereinafter
      appearing.

              

      

      

      

      
        	
                NOW IT IS HEREBY
      AGREED  as follows
:-

              

      

      

      

      
        	
                1.

              	
                DEFINITIONS
      AND INTERPRETATION

              

      

      

      
        	
                1.1

              	
                In
      this Agreement (including the Recitals and the Schedule), unless otherwise
      expressed or required by the context, the following expressions shall have
      the respective meanings set opposite
thereto:-

              

      

      

      
        	
                 
      

              	
                Expression

              	
                Meaning

              

      

      

      
        	
                 
      

              	
                “Business
      Day”

              	
                any
      day, other than Saturday, on which banks are open for normal banking
      business in Hong Kong;

              

      

      

      
        	
                 
      

              	
                “Company”

              	
                Best Key Investment
      Limited, a private company limited by shares incorporated under the
      Companies Ordinance (Cap.32), Laws of Hong Kong, information in respect of
      which is set out in Schedule;

              

      

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

      
        	
                 
      

              	
                “Completion”

              	
                completion
      of the sale and purchase of the Sale Share pursuant to Clause
      6;

              

      

      

      
        	
                 
      

              	
                “Completion
      Date”

              	
                the
      date on which Completion takes place in accordance with Clause
      6;

              

      

      

      
        	
                 
      

              	
                “Consideration”

              	
                the
      total consideration for the purchase of the Sale Share being Hong Kong
      Dollars one (HK$1);

              

      

      

      
        	
                 
      

              	
                “Hong
      Kong”

              	
                the
      Hong Kong Special Administrative Region of the People’s Republic of
      China;

              

      

      

      
        	
                 
      

              	
                 “Parties”

              	
                the
      parties to this Agreement;

              

      

      

      
        	
                 
      

              	
                 “Sale
      Share”

              	
                1
      ordinary share of HK$1.00 each representing the entire issued share
      capital of the Company beneficially owned by the
  Seller;

              

      

      

      
        	
                 
      

              	
                “Shares”

              	
                ordinary
      shares of HK$1.00 each in the capital of the
  Company;

              

      

      

      
        	
                 
      

              	
                “HK$"
      or “HK dollars”

              	
                Hong
      Kong Dollars.

              

      

      

      
        	
                1.2

              	
                The
      headings contained in this Agreement and the Schedule are for ease of
      reference only and shall not affect the construction of this Agreement or
      any part thereof.

              

      

      

      
        	
                1.3

              	
                Reference
      to Recitals, Clauses and Schedule, are references to recitals, clauses and
      schedule of or to this Agreement which shall form part of this
      Agreement.

              

      

      

      
        	
                1.4

              	
                Unless
      the context otherwise requires:

              

      

      

      
        	
                 
      

              	
                (a)

              	
                words
      and expressions importing the singular include the plural and vice
      versa;

              

      

      

      
        	
                 
      

              	
                (b)

              	
                words
      and expressions importing natural persons include corporations and
      un-incorporated associations and vice versa;
and

              

      

      

      
        	
                 
      

              	
                (c)

              	
                words
      and expressions importing the masculine gender shall include the feminine
      and neuter gender and vice versa.

              

      

      

      

      
        	
                2.

              	
                SALE
      AND PURCHASE OF THE SALE SHARE

              

      

      

      
        	
                2.1

              	
                Subject
      to the terms and conditions contained in this Agreement, the Seller shall
      sell as beneficial owner and the Purchaser shall purchase (or procure its
      nominee(s) to purchase) the Sale Share free from all liens, charges,
      incumbrances, pre-emption rights, equities and other third party rights
      whatsoever and together with all rights attaching to the Sale Share as at
      the date of Completion or subsequently becoming attached to the Sale
      Share.

              

      

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      2.2           The
Parties hereto acknowledge and agree that the title to, and any risk attaching
to, the Sale Share shall pass to the Purchaser on Completion.

      

      
        	
                2.3

              	
                The
      Seller hereby wives and agrees to procure the waiver of any restrictions
      on transfer of the Sale Share (including but not limited to the
      pre-emption rights) which may exist in relation thereto, whether under the
      Articles of Association of the Company or
  otherwise.

              

      

       

      
        	
                3.

              	
                CONSIDERATION

              

      

      

      
        	
                 
      

              	
                The
      total consideration for the sale and purchase of the Sale Share shall be
      HK$ 1 (Hong Kong Dollar one).

              

      

       

      
        	
                4.

              	
                COMPLETION

              

      

      
        	
                 
      

              	 

      

      
        	
                4.1

              	
                Completion
      of this Agreement shall take place on or before 31  December
      2009 (the “Completion
      Date”).

              

      

      

      
        	
                4.2

              	
                At
      Completion, the Seller shall deliver or cause to be delivered the
      following documents:

              

      

      

      
        	
                 
      

              	
                (a)

              	
                duly
      executed instruments of transfer and bought and sold notes in respect of
      the Sale Share in favour of the Purchaser (or such person(s) as may be
      nominated by the Purchaser) accompanied by the relevant original
      certificates for the Sale Share;

              

      

      

      
        	
                 
      

              	
                (b)

              	
                a
      cheque for an amount equal to the Seller's half share of stamp duty drawn
      in favour of “The Government of the Hong Kong Special Administrative
      Region” in respect of the transfer of the Sale
  Share;

              

      

      

      
        	
                 
      

              	
                (c)

              	
                all
      the statutory and other books and records (including financial records)
      duly written up to date and certificate of incorporation, current business
      registration certificate, common seal., company chop, share certificate
      book and any other papers and documents of the
  Company;

              

      

      

      
        	
                 
      

              	
                (d)

              	
                certified
      true copies of the board minutes of the Company approving the transfer of
      the Sale Share.

              

      

      

      
        	
                4.3

              	
                On
      Completion, the Seller hereby unconditionally releases the Company from
      all manners of actions, causes of actions, suits, demands, debts,
      accounts, covenants, contracts, damages and any and all other claims
      whatsoever which the Seller or his successors or assigns ever had now has
      or may in the future have against the
Company.

              

      

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

       

      
        	
                5.

              	
                REPRESENTATIONS,
      WARRANTIES AND UNDERTAKINGS

              

      

      

      The
Seller hereby represents, warrants and undertakes to the Purchaser that the
Seller is the beneficial owner of the Sale Share free and clear of any lien,
charge or encumbrance whatsoever and the Company has not exercised any lien over
any of its issued shares and there is no outstanding call on any of the Sale
Share and all the Sale Share is fully paid; and there are no options or other
agreements outstanding which call for the issue of, sale of or accord to any
person, corporation, or other entity the right to call for the issue or transfer
of any shares in the capital of the Company or the right to require the creation
of any mortgage, charge, pledge, lien or other security or encumbrance over the
Sale Share.

       

      
        	
                6.

              	
                CONFIDENTIALITY

              

      

      

      
        	
                 
      

              	
                Other
      than such disclosure as may be required by applicable law and regulations
      under any competent authorities, none of the Parties shall make, and the
      Parties shall procure that the Company will not make, any announcement or
      release or disclose any information concerning this Agreement or the
      transaction herein referred to or disclose the identity of the other Party
      (save disclosure to their respective professional advisers under a duty of
      confidentiality or where required by applicable law or regulations or
      order or judgment of any court) without the prior written consent of the
      other Party.

              

      

       

      
        	
                7.

              	
                SEVERABILITY

              

      

      

      If at any
time any one or more provisions hereof is or becomes invalid, illegal,
unenforceable or incapable of performance in any respect, the validity,
legality, enforceability or performance of the remaining provisions hereof shall
not thereby in any way be affected or impaired.

       

      
        	
                8.

              	
                TIME

              

      

       

      Time
shall be of the essence of this Agreement.

       

      9.           ASSIGNMENT

      

      This
Agreement shall be binding on and shall ensure for the benefit of the successors
and assignees of the Parties.  None of the Parties shall be entitled
to assign or purport to assign any of its rights or obligations under this
Agreement.

       

      
        	
                10.

              	
                COSTS
      AND EXPENSES

              

      

      

      
        	
                 
      

              	
                Each
      of the Purchaser and Seller shall bear its own legal and professional
      fees, costs and expenses incurred in the negotiation, preparation,
      execution and completion of this
Agreement.

              

      

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      

      
        	
                11.

              	
                STAMP
      DUTY

              

      

      

      
        	
                 
      

              	
                The
      stamp duty payable in respect of transfer of the Sale Share shall be borne
      by the Parties in equal share and the Seller shall deliver a cheque in a
      sum equal to his share of stamp duty to the Purchaser’s Solicitors in
      accordance with Clause 6.2(b) of this Agreement.  The Seller
      hereby undertakes to pay forthwith to the Purchaser half of any additional
      stamp duty which may be imposed by the Hong Kong Stamp Office in respect
      of such transfer of Sale Share.

              

      

       

      
        	
                12.

              	
                COUNTERPART

              

      

      

      
        	
                 
      

              	
                This
      Agreement may be executed in one or more counterparts, each of which so
      executed shall constitute an original and all of which together
      individually or otherwise executed by all Parties will constitute one and
      the same document.

              

      

       

      
        	
                13.

              	
                ENTIRE
      AGREEMENT

              

      

      

      
        	
                 
      

              	
                This
      Agreement constitutes the whole agreement between the Parties regarding
      the subject matter of this Agreement and supersedes any prior agreements,
      understandings or arrangements between them, whether oral or in writing,
      and no representation, undertaking or promise shall be taken to have been
      given or be implied from anything said or written in negotiations between
      the Parties prior to the execution of this
  Agreement.

              

      

      
      

      

      
        	
                14.

              	
                FURTHER
      ASSURANCE

              

      

      

      
        	
                 
      

              	
                Each
      Party undertakes to the other that each of them shall do all such acts and
      things and execute all such deeds and documents as may be necessary or
      desirable to carry into effect or to give legal effect to the provisions
      of this Agreement and the transactions hereby
  contemplated.

              

      

       

      
        	
                15.

              	
                NO
      WAIVER

              

      

      

      No
failure or delay by the Purchaser in exercising any right, power or remedy under
this Agreement shall operate as a waiver thereof, nor shall any single or
partial exercise of the same preclude any further exercise thereof or the
exercise of any other right, power or remedy.  Without limiting the
foregoing, no waiver by the Purchaser of any breach by the Seller of any
provision hereof shall be deemed to be a waiver of any subsequent breach of that
or any other provision hereof.

      

        
          
             

          

          
            5

            
              

            

          

          
             

          

        

      
        	
                16.

              	
                NOTICE

              

      

      

      Each
notice, demand or other communication given or made hereunder shall be in
writing and delivered or sent to the relevant addressee at its address or fax
number set out below (or such other address or fax number as the addressee has
by five (5) days' prior written notice specified to the others
below):

      

      To the
Seller                      :  
·

      ·

      Fax
Number: ·

      

      To the
Purchaser:                
·

      ·

      Fax
Number: ·

      Attention:     ·

      

      To the
Company:                 ·

      ·

      Fax
Number: ·

      Attention:     ·

      

      Any
notice, demand or other communication so addressed to the relevant party shall
be deemed to have been delivered (a) if given or made by letter, when actually
delivered to the relevant address; and (b) if given or made by fax, when
despatched.

       

      
        	
                17.

              	
                GOVERNING
      LAW AND JURISDICTION

              

      

      

      
        	
                17.1

              	
                This
      Agreement shall be governed by and construed in all respects in accordance
      with the laws of Hong Kong and the Parties agree to submit to the
      non-exclusive jurisdiction of the courts of Hong
  Kong.

              

      

      

      
        	
                17.2

              	
                The
      submission to the jurisdiction of the Hong Kong Courts shall not limit or
      restrict the right of any Party to take proceedings in the courts of any
      other country having, claiming or accepting jurisdiction over the other
      Party, nor shall the taking of proceedings in any one or more
      jurisdictions preclude the taking of proceedings in any other jurisdiction
      whether concurrently or not.

              

      

       

      IN WITNESS whereof the Parties
hereto have executed this Agreement on the day and year first above
written.

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      SCHEDULE

      

      Information relating to
the
Company

       

      
        

        
          	1.	
                  Name

                	
                  :

                	
                  
                    BEST
      KEY INVESTMENT LIMITED

                  

                
	2.	
                  Company
      No.

                	
                  :

                	
                  
                    1137676

                  

                
	3.	
                  
                    Registered
      Office

                  

                	
                  :

                	
                  
                    203
      HANKOW CENTRE, 5-15 HANKOW ROAD, TSIM SHA TSUI,
    KOWLOON

                  

                
	4.	
                  Date
      of Incorporation

                	
                  :

                	
                  
                    1
      June 2007

                  

                
	 	
                  Place
      of Incorporation

                	
                  :

                	
                  
                    Hong
      Kong

                  

                
	5.	
                  Director

                	
                  :

                	
                  
                    CHEUNG
      CHUNG YUEN HING

                  

                
	6.	
                  Secretary

                	
                  :

                	
                  
                    CHEUNG
      CHING MUI

                  

                
	7.	
                  Share
      Capital

                	
                  :

                	
                  Authorized

                
	 	
                   

                	
                  :

                	
                  
                    HK$10,000.00
      divided into 10,000 shares of HK$1.00 each

                  

                
	 	
                   

                	
                  :

                	
                  
                    Issued

                  

                
	 	 	:	1
      share of HK$1.00 each
	8.	Shareholding structure:	 	 

        

         

      

      
        	
                Name of shareholder

              	 	
                No. of share held

              	 
	GREAT EAST BOTTLES AND DRINKS
      (BVI) INC	 	 	1	 
	 	 	 	 	 
	Total:	 	 	1	 

      

       

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

      

      EXECUTION
PAGE

      

      

      The
Seller

      

      

      SIGNED
by                                                               )

                                                                                        
)

      director(s)
for and on behalf
of                             )

      GREAT
EAST BOTTLES AND
DRINKS          )

      (BVI)
INC. in the presence of
:-                           
)

      

      

      

      

      

      

      The
Purchaser

      

      

      SIGNED
by                                                               )

                                                                                         )

      director(s)
for and on behalf
of                             )

      TOP SHARP
INVESTMENTS
LIMITED             )

      in the
presence of
:-                                                 )

      

      

      

      

      

      

      The
Company

      

      

      SIGNED
by                                                               )

                                                                                        
)

      director(s)
for and on behalf
of                             )

      BEST KEY INVESTMENT
LIMITED                  )

      in the
presence of
:-                                                )

                                                                                        
)

      8exhibit10-6.htm

     

     

    
      

      

    

    Exhibit 10.6

      

      

      

      Dated this 30th day of
December 2009

      

      

      

      BETWEEN

      

      

      GREAT
EAST PACKAGING INTERNATIONAL LIMITED

       

      (the
“Grantor”)

      

      

      and

      

      

      GREAT
EAST PACKAGING HOLDINGS LIMITED

       

      

      (the
“Grantee”)

      

      

      

      

      

      

      **************************************************************

      

      OPTION
AGREEMENT

       

      in
respect of 9,638,769 ordinary shares of

       

      GREAT
EAST PACKAGING INTERNATIONAL LIMITED

       

      

      ***************************************************************

      
 

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      THIS OPTION AGREEMENT is made
on the 30th day of December 2009

      

      BETWEEN

      

      
        	
                1.

              	
                GREAT EAST PACKAGING
      INTERNATIONAL LIMITED, a company incorporated under the laws of the
      British Virgin Islands whose registered office is situate at P.O. Box
      3140, Road Town, Tortola, British Virgin Islands (the “Grantor”);
      and

              

      

       

      

      
        	
                2.

              	
                GREAT EAST PACKAGING HOLDINGS
      LIMITED, a company incorporated under the laws of the British
      Virgin Islands whose registered office is situate at P.O. Box 3140, Road
      Town, Tortola, British Virgin Islands (the “Grantee”)

              

      

       

      

      WHEREAS

      

      
        	
                (A)

              	
                The
      Grantor is a private company limited by shares incorporated under the laws
      of the British Virgin Islands. As at the date hereof, the Grantor has an
      authorized share capital of US$10,000,000.00 divided into 10,000,000.00
      shares with no par value with one vote for each share, of which 6,425,846
      shares have been issued and are fully paid
up.

              

      

      

      
        	
                (B)

              	
                The
      Grantor is desirous of granting the Grantee an option to subscribe the
      Option Shares (as defined herein below) from the Grantor, on the terms and
      subject to the conditions herein.

              

      

      

      NOW IT IS HEREBY AGREED as
follows:-

      

      1.             
Definitions

      

      In this
Agreement, unless there is something in the subject or context inconsistent
therewith:-

      

      1.1           the
following expressions bear the following meanings, namely:-

      

      
        
          	
                  “Encumbrances”

                	
                  :
 	
                  means
      any lien, charge, pledge, third party interest or other security or
      encumbrance created;

                   

                
	
                  “GEPI”

                	
                  :

                	
                  means
      Great East Packaging International Limited, a company incorporated in the
      British Virgin Islands whose registered office is situate at P.O. Box 957,
      Offshore Incorporations Centre, Road Town, Tortola, British Virgin
      Islands;

                   

                

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        
          	
                  “Option”

                	
                  :

                	
                  means
      an option to subscribe from the Grantor the Option Shares at the Option
      Price to be granted by the Grantor to the Grantee under this
      Agreement;

                   

                
	
                  “Option
      Completion”

                   

                	
                  :

                	
                  means
      completion of issue and allotment of the Option Shares from the Grantor to
      the Grantee pursuant to Clause 4;

                   

                
	
                  “Option
      Notice”

                	
                  :

                	
                  means
      14 days’ notice in writing given by the Grantee to the Grantor in
      exercising the Grantee’s option right to subscribe the Option Shares
      hereunder in the form set out in Schedule;

                   

                
	
                  Option
      Period

                	
                  :

                	
                  means
      the period commencing on 1 January 2010 and ending on 31 December 2012 and
      any other time to be agreed between the Grantor and the
      Grantee;

                   

                
	
                  “Option
      Price”

                   

                	
                  :

                	
                  means
      the consideration of US$1 payable by the
      Grantee to the Grantor upon exercise of the Option pursuant to Clause 2;
      and

                   

                
	
                  “Option
      Shares”

                	
                  :

                	
                  means
      the 9,638,769 ordinary shares of GEPI to be issued and allotted to the
      Grantee .

                
	 
      	 
      	 
      

        

      

      

      
        	
                1.3

              	
                References
      herein to Clauses, Appendices and Schedules are to clauses in, appendices
      to and schedules to this Agreement unless the context requires otherwise
      and the Appendices and Schedules to this Agreement shall be deemed to form
      part of this Agreement.

              

      

      

      
        	
                1.4

              	
                The
      expressions the “Grantor” and the “Grantee” shall, where the context
      permits, include their respective successors, personal representatives and
      permitted assigns.

              

      

      

      
        	
                1.5

              	
                The
      headings are inserted for convenience only and shall not affect the
      construction of this Agreement.

              

      

      

      
        	
                1.6

              	
                Unless
      the context requires otherwise:

              

      

      

      
        	
                 
      

              	
                (a)

              	
                words
      and expressions importing the singular include the plural and vice
      versa;

              

      

      

      
        	
                 
      

              	
                (b)

              	
                words
      and expressions importing natural persons include corporations and
      un-incorporated associations and vice
versa;

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                 
      

              	
                (c)

              	
                words
      and expressions importing the masculine gender shall include the feminine
      and neuter gender and vice versa.

              

      

      

      
        	
                1.7

              	
                Words
      and expressions defined in the body of this Agreement (including its
      schedules) shall have the meanings thereby attributed to them whenever the
      context requires.

              

      

       

      
        	
                2. 

              	
                Granting of Option to
      Subscribe

              

      

             

      
        	
                2.1

              	
                In
      consideration of the Grantee the sum of US$1 paid by the Grantee
      (receipt of which is acknowledged by the Grantor), the Grantor hereby
      agree to grant the Grantee an option whereby the Grantee shall have an
      option to subscribe the Option Shares in the capital of the Grantor from
      the Grantor subject to the terms and conditions of this
      Agreement.

              

      

      

      
        	
                2.2

              	
                Subject
      to the terms and conditions of this Agreement, it is agreed that the
      option granted herein by the Grantor to the Grantee is freely assignable
      and transferable without any
restrictions.

              

      

       

      
        	
                3.

              	
                 Exercise
      of the Option right by the
Grantee

              

      

      

      
        	
                3.1

              	
                This
      Option shall be exercisable at any time during the Option Period by giving
      at least 14
      days’ Option Notice by the Grantee to the Grantor of his intention
      to exercise the Option.

              

      

      

      
        	
                3.2

              	
                Upon
      exercise of the Option right by the Grantee in the manner as mentioned in
      Clause 3.1, the
      Grantor shall, upon receipt of the aforesaid notice from the Grantee,
      forthwith issue
      and allot free from Encumbrances the Option Shares to the Grantee at the
      agreed consideration of the Option Price and completion shall take place
      upon expiration of the Option
Notice.

              

      

      

      
        	
                3.3

              	
                For
      avoidance of doubt, if the Grantee shall fail to exercise the Option
      during the Option Period, the Option shall be deemed to be ceased and
      lapsed absolutely.

              

      

       

      
        	
                4.

              	
                Option Completion

              

 

      
        	
                4.1

              	
                Location:  Subject
      as herein provided, Option Completion shall take place at 203 Hankow
      Centre, 5-15 Hankow Road, Tsimshatsui, Kowloon, Hong
  Kong.

              

      

      

      
        	
                4.2

              	
                Date for Option
      Completion: The date for Option Completion shall unless otherwise
      agree in writing be the date as specified by the Grantee in the Option
      Notice.

              

      

      

      
        	
                4.3

              	
                Payment of Option Price:
      Upon date for Option Completion, the Grantee shall pay to the Grantor the
      Option Price by a cashier’s order or solicitors’ cheque drawn in favour of
      the Grantor for the sum of US$1 or its equivalent
      Hong Kong Dollars at the date of Option
  Completion.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                4.4

              	
                Delivery of
      Documents:  Upon payment of the Option Price as
      aforesaid, the Grantee shall be entitled to possession of and the Grantor
      shall forthwith deliver a set of (un-dated) instrument of transfer and
      contract notes in favour of the Grantee (or such person(s) as may be
      nominated by the Grantee) in respect of the Option Shares duly executed by
      the Grantor accompanied by the relevant original certificate for the
      Option Shares.

              

      

      

      
        	
                4.6

              	
                No Exercise of the
      Option: For avoidance of doubt, if the Grantee fails to exercise
      the Option within the Option Period, the Option granted herein shall be
      ceased to have any effect and deemed null and void and the Grantee shall
      not in such case further claim against the Grantor for any loss or damages
      whatsoever and howsoever.

              

      

      

      
        	
                5.

              	
                Release
      and Indulgence

              

      

      

      
        	
                5.1

              	
                Any
      liability to any party hereto may in whole or in part be released,
      compounded or compromised or time or indulgence given by that party in
      that party’s absolute discretion as regards any other party hereto under
      such liability without in any way prejudicing or affecting the first
      party’s rights against any other party or parties hereto under the same or
      a like liability whether joint and several or
  otherwise.

              

      

       

      
        	
                6.

              	
                Costs
      and Expenses

              

      

      

      
        	
                 
      

              	
                Costs:  The
      Grantee shall bear the costs and expenses incurred in the preparation and
      execution of this Agreement and other completion documents for Option
      Completion.

              

      

       

      
        	
                7.

              	
                Notices

              

      

      

      
        	
                7.1

              	
                Addresses: All notices,
      demands or other communications required or permitted to be given or made
      hereunder shall be in writing and delivered personally or sent by prepaid
      registered post or telefax addressed to the intended recipient thereof at
      his or its address stated hereinabove (or to such other address or telefax
      number as any party may from time to time notify the
    others).

              

      

      

      
        	
                7.2

              	
                Deemed delivery: Any
      such notice, demand or communication sent in accordance with Clause 7.1 shall be
      deemed to have been duly served (if given or made by telefax) immediately
      or (if given or made by letter) two days after posting and in proving the
      same it shall be sufficient to show that the envelope containing the same
      was duly addressed, stamped and
posted.

              

      

      

      
        	
                8.

              	
                Previous
      Agreements

              

      

      

      
        	
                8.1

              	
                Entire
      Agreement:  This Agreement embodies all the terms and
      conditions agreed upon between the parties hereto as to the subject matter
      of this Agreement and supersedes and cancels in all respects all previous
      agreements, arrangements and undertakings, if any, between the parties
      with respect to the subject matter hereof, whether such be written or
      oral.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                8.2

              	
                Amendments: No amendment
      or variation of this Agreement shall be effective unless in writing and
      signed by or on behalf of each of the
parties.

              

      

      

      
        	
                9.

              	
                Remedies

              

      

      

      
        	
                9.1

              	
                No
      remedy conferred by any of the provisions of this Agreement is intended to
      be exclusive of any other remedy which is otherwise available at law, in
      equity, by statute or otherwise, and each and every other remedy shall be
      cumulative and shall be in addition to every other remedy given hereunder
      or now or hereafter existing at law, in equity, by statute or otherwise.
      The election of any one or more of such remedies by any of the parties
      hereto shall not constitute a waiver by such party of the right to pursue
      any other available remedies.

              

      

      

      10.           Severance

      

      
        	
                10.1

              	
                If
      any provision of this Agreement or part thereof is rendered void, illegal
      or unenforceable by any legislation to which it is subject, it shall be
      rendered void, illegal or unenforceable to that extent and no
      further.

              

      

      

      
        	
                11.

              	
                Governing
      Law and Jurisdiction

              

      

      

      
        	
                11.1

              	
                Governing Law: This
      Agreement shall be governed by and construed in accordance with the laws
      of Hong Kong.

              

      

      

      
        	
                11.2

              	
                Jurisdiction: In
      relation to any legal action or proceedings arising out of or in
      connection with this Agreement, the parties hereto hereby irrevocably
      submit to the non-exclusive jurisdiction of the courts of Hong
      Kong.

              

      

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      SCHEDULE
- NOTICE OF EXERCISING OPTION

      

      To:           GREAT
EAST PACKAGING INTERNATIONAL LIMITED (the “Grantor”)

       

          
203 Hankow Centre, 5-15 Hankow Road, Tsimshatsui, Kowloon, Hong
Kong

      

      Re:           Option
Agreement dated 30 December 2009 (the “Option Agreement”)

      
        	
                 
      

              	
                Exercise of Option in
      respect of GREAT EAST PACKAGING INTERNATIONAL
    LIMITED

              

      

      

      

      I, the
undersigned, being the Grantee of the Option under the Option Agreement made
between us, hereby give you notice to exercise my Option right to subscribe the
Option Shares from you as Grantor in the manner as set out in the Option
Agreement.

      

      Please
note that pursuant to the Option Agreement, completion shall take place within
14 days from the date of this notice i.e. on
__________________(“Completion”).

      

      

      Dated
this____day of______, 20__  .

      

      

      Signed
by:

      

      

      

      ___________________________

       
 

      (the
Grantee of the Option)

      

      

      c.c.      The
Board of Directors,

      GREAT EAST PACKAGING INTERNATIONAL
LIMITED,

      Hong Kong.

      

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN WITNESS whereof the parties
hereto have executed this Agreement on the day and year first above
written.

      

      Execution

      

      The
Grantor

      

      SIGNED by
[*]                                               )

      for and
on behalf
of                                       )

       

      GREAT
EAST
PACKAGING                       )

       

      INTERNATIONAL
LIMITED                      )

       

      in the
presence
of:                                          )

       

      

       

      

      The
Grantee

      

      SIGNED by
[*]                                                )

      for and
on behalf
of                                        )

       

      GREAT
EAST
PACKAGING                         )

       

      HOLDINGS
LIMITED                                     )

       

      in the
presence
of:                                           )

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}]]