Document:

REGISTRATION RIGHTS AGREEMENT

          REGISTRATION
RIGHTS AGREEMENT(this
“ Agreement“), dated as of October 7, 2009, by and among
Orient Paper, Inc., a Nevada corporation, with headquarters located at Nansan
Gongli, Nanhuan Road, Xushui County, Baoding City, Hebei Province, The People’s
Republic of China 072550 (the “ Company“), and the investors listed on the
Schedule of Buyers attached hereto (each, a “ Buyer“ and
collectively, the “ Buyers“). 

BACKGROUND

          A.
In connection with the Securities Purchase Agreement by and among the parties
hereto of even date herewith (the “ Securities
Purchase Agreement “),
the Company has agreed, upon the terms and subject to the conditions of the
Securities Purchase Agreement, to issue and sell to each Buyer an aggregate
8,333,332 shares (the “ Common Shares“) of the Company’s common stock, par
value $0.001 per share (the “ Common
Stock“). 

          B.
In accordance with the terms of the Securities Purchase Agreement, the Company
has agreed to provide certain registration rights under the Securities Act of
1933, as amended, and the rules and regulations thereunder, or any similar
successor statute (collectively, the “ 1933
Act “), and
applicable state securities laws. 

          NOW,
THEREFORE,in
consideration of the premises and the mutual covenants contained herein and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Company and each of the Buyers hereby agree as
follows: 

          1.
Definitions. 

          Capitalized
terms used herein and not otherwise defined herein shall have the respective
meanings set forth in the Securities Purchase Agreement. As used in this
Agreement, the following terms shall have the following meanings: 

          (a)
” Additional Effective Date
“ means the date the Additional
Registration Statement is declared effective by the SEC. 

          (b)
” Additional Effectiveness Deadline
“ means the date which is one
hundred and eighty (180) calendar days after the Additional Filing Date. 

          (c)
” Additional Filing Date “ means the date on which the Additional
Registration Statement is filed with the SEC. 

          (d)
” Additional Filing Deadline “ means if Additional Registrable Securities
are required to be included in the Additional Registration Statement, the later
of (i) ninety (90) days after the Initial Effective Date or the last preceding
Additional Effective Date, as the case may be, or (ii) six (6) months after the
Initial Effective Date or the last preceding Additional Effective Date in the
event the SEC were to deem the former ninety-day period in (i) as premature for
filing the Additional Registration Statement or (iii) the date which is six (6)
weeks after substantially all of the Registrable Securities registered under
the immediately preceding Registration Statement are sold, as applicable. 

          (e)
” Additional Registrable Securities
“ means, (i) any Cutback Shares
not previously included on a Registration Statement and (ii) any share capital
of the Company issued or issuable with respect to the Cutback Shares, as a
result of any stock split, stock dividend, recapitalization, exchange or
similar event or otherwise. 

          (f)
” Additional Registration Statement
“ means a registration statement
or registration statements of the Company filed under the 1933 Act covering any
Additional Registrable Securities. 

          (g)
” Additional Required Registration
Amount “ means any
Additional Registrable Securities not previously included on a Registration
Statement. 

          (h)
” Business Day “ means any day other than Saturday, Sunday or any other day on which
commercial banks in The City of New York are authorized or required by law to
remain closed. 

          (i)
” Closing Date “ shall have the meaning set forth in the
Securities Purchase Agreement. 

          (j)
” Cutback Shares “ means the Additional Required Registration
Amount of Registrable Securities not included in all Registration Statements
previously declared effective hereunder as a result of a limitation on the
maximum number of shares of Common Stock of the Company permitted to be
registered by the staff of the SEC pursuant to Rule 415. 

          (k)
” Effective Date “ means the Initial Effective Date and the
Additional Effective Date, as applicable. 

          (l)
” Effectiveness Deadline “ means the Initial Effectiveness Deadline
and the Additional Effectiveness Deadline, as applicable. 

          (m)
” Eligible Market “ means the Over The Counter Bulletin Board,
American Stock Exchange, the New York Stock Exchange, Inc., The NASDAQ Global
Select Market, the NASDAQ Global Market or The NASDAQ Capital Market. 

          (n)
” Filing Deadline “ means the Initial Filing Deadline and the
Additional Filing Deadline, as applicable. 

          (o)
” Initial Effective Date “ means the date that the Registration
Statement has been declared effective by the SEC. 

          (p)
” Initial Effectiveness Deadline
“ means the earlier of (I) the
date which is one hundred eighty (180) calendar days after the Closing Date and
(II) the date which is five (5) Business Days after the Company learns that no
review of the Registration Statement will be made by the staff of the SEC or
that the staff of the SEC has no further comments on the Registration Statement.

          (q)
” Initial Filing Deadline “ means ninety (90) calendar days after the
Closing Date. 

          (r)
” Initial Registrable Securities
“ means the Common Shares. 

          (s)
” Initial Required Registration Amount
“ (I) the number of Common
Shares , or (II) such other amount as may be permitted by the staff of the SEC
pursuant to Rule 415. 

          (t)
” Initial Registration Statement “ means a registration statement or
registration statements of the Company filed under the 1933 Act covering the
Initial Registrable Securities. 

          (u)
” Investor “ means a Buyer, any transferee or assignee
thereof to whom a Buyer assigns its rights under this Agreement and who agrees
to become bound by the provisions of this Agreement in accordance with Section
9 and any transferee or assignee thereof to whom a transferee or assignee
assigns its rights under this Agreement and who agrees to become bound by the
provisions of this Agreement in accordance with Section 9. 

          (v)
” Person “ means an individual, a limited liability
company, a partnership, a joint venture, a corporation, a trust, an
unincorporated organization and a government or any department or agency
thereof. 

          
(w) ” register ,” “ registered,” and “ registration“ refer to a registration
effected by preparing and filing one or more
Registration Statements (as defined below) in compliance with the 1933 Act and
pursuant to Rule 415, and the declaration or ordering of effectiveness of such
Registration Statement(s) by the SEC. 

          (x)
” Registrable Securities “ means the Initial Registrable Securities
and the Additional Registrable Securities. 

          (y)
” Registration Statement “ means a registration statement or
registration statements of the Company filed under the 1933 Act covering the
Registrable Securities. 

          
(z) ” Required Holders “ means the holders of at least a majority of
the Registrable Securities. 

          (aa)
” Required Registration Amount
“ means either the Initial
Required Registration Amount or the Additional Required Registration Amount, as
applicable. 

          (bb)
” Rule 415 “ means Rule 415 of Regulation C under the
1933 Act or any successor rule providing for offering securities on a
continuous or delayed basis. 

          (cc)
” SEC “ means the United States Securities and
Exchange Commission. 

          2.
Registration . 

          (a)
Initial Mandatory Registration . The Company shall prepare, and, as soon
as practicable but in no event later than the Initial Filing Deadline, file
with the SEC the Initial Registration Statement on Form S-1 covering the resale
of all of the Initial Registrable Securities. In the event that Form S-1 is
unavailable for such a registration, the Company shall use such other form as
is available for such a registration on another appropriate form reasonably
acceptable to the Required Holders, subject to the provisions of Section 2(e).
The Initial Registration Statement prepared pursuant hereto shall register for
resale at least the number of shares of Common Stock equal to the Initial
Registrable Securities determined as of the date the Initial Registration
Statement is initially filed with the SEC, subject to adjustment as provided in
Section 2(f). The Initial Registration Statement shall contain the “Selling
Stockholders” section and “Plan of Distribution” attached hereto as Annex I .
The Company shall use its commercially reasonable efforts to have the Initial
Registration Statement declared effective by the SEC as soon as practicable,
but in no event later than the Initial Effectiveness Deadline provided that in
the event that the Company is unable to register for resale under Rule 415 all
of the Initial Registrable Securities on the Registration Statement that it has
agreed to file pursuant to the first sentence of this Section 2(a) due to
limits imposed by the SEC’s interpretation of Rule 415, then the Company shall
be obligated to include in such Initial Registration Statement (which may be a
subsequent Registration Statement if the Company needs to withdraw the Initial
Registration Statement and refile a new Initial Registration Statement in order
to rely on Rule 415) only such limited portion of the Initial Registrable
Securities (equivalent to the Initial Required Registration Amount) as the SEC
shall permit. Any exclusion of Registrable Securities shall be made pro rata
among the Investors in proportion to the number of Registrable Securities held
by such Investors. By 9:30 a.m. New York time on the Business Day following the
Initial Effective Date, the Company shall file with the SEC in accordance with
Rule 424 under the 1933 Act the final prospectus to be used in connection with
sales pursuant to such Initial Registration Statement. 

          (b)
Additional Mandatory Registrations . The Company shall prepare, and, as
soon as practicable but in no event later than the Additional Filing Deadline,
file with the SEC an Additional Registration Statement on Form S-3 covering the
resale of all of the Additional Registrable Securities not previously
registered in an Initial Registration Statement or a preceding Additional
Registration Statement as the case may be. To the extent the staff of the SEC
does not permit the aforesaid Additional Registrable Securities to be
registered on an Additional 

Registration Statement, the
Company shall file Additional Registration Statements successively trying to
register on each such Additional Registration Statement the maximum number of
remaining Additional Registrable Securities until the Additional Required Registration
Amount has been registered with the SEC. In the event that Form S-3 is
unavailable for such a registration, the Company shall use such other form as
is available for such a registration on another appropriate form reasonably
acceptable to the Required Holders, subject to the provisions of Section 2(e).
The Company shall use its commercially reasonable efforts to have each
Additional Registration Statement declared effective by the SEC as soon as
practicable, but in no event later than the Additional Effectiveness Deadline.
By 9:30 a.m. New York time on the Business Day following the Additional
Effective Date, the Company shall file with the SEC in accordance with Rule 424
under the 1933 Act the final prospectus to be used in connection with sales
pursuant to such Additional Registration Statement. 

          (c)
Allocation of Registrable Securities . The number of Registrable
Securities included in any Registration Statement and each increase or decrease
in the number of Registrable Securities included therein shall be allocated pro
rata among the Investors based on the number of Registrable Securities held by
each Investor at the time the Registration Statement covering such number of
Registrable Securities or increase or decrease thereof is declared effective by
the SEC. In the event that an Investor sells or otherwise transfers any of such
Investor’s Registrable Securities, each transferee shall be allocated a pro
rata portion of the then remaining number of Registrable Securities included in
such Registration Statement for such transferor. Any shares of Common Stock
included in a Registration Statement and which remain allocated to any Person
which ceases to hold any Registrable Securities covered by such Registration
Statement shall be allocated to the remaining Investors, pro rata based on the
number of Registrable Securities then held by such Investors which are covered
by such Registration Statement. In no event shall the Company include any
securities other than Registrable Securities on any Registration Statement
without the prior written consent of the Required Holders. 

          (d)
Legal Counsel . Subject to Section 5 hereof, the Required Holders shall
have the right to select one legal counsel to review and oversee any
registration pursuant to this Section 2 (“ Legal Counsel “).
The Company and Legal Counsel shall reasonably cooperate with each other in
performing the Company’s obligations under this Agreement. 

          (e)
Ineligibility for Form S-1 . In the event that Form S-1 is not available
for the registration of the resale of Registrable Securities hereunder, the
Company shall (i) register the resale of the Registrable Securities on another
appropriate form reasonably acceptable to the Required Holders and (ii)
undertake to register the Registrable Securities on Form S-1 as soon as such
form is available, provided that the Company shall maintain the effectiveness
of the Registration Statement then in effect until such time as a Registration
Statement on Form S-1 covering the Registrable Securities has been declared
effective by the SEC. 

          (f)
Sufficient Number of Shares Registered . In the event the number of
shares available under a Registration Statement filed pursuant to Section 2(a)
is insufficient to cover all of the Registrable Securities required and
permitted by the SEC to be covered by such Registration Statement or an
Investor’s allocated portion of the Registrable Securities pursuant to Section
2(b), the Company shall amend the applicable Registration Statement, or file a
new Registration Statement (on the short form available therefor, if
applicable), or both, so as to cover at least the Required Registration Amount
as of the trading day immediately preceding the date of the filing of such
amendment or new Registration Statement, in each case, as soon as practicable,
but in any event not later than fifteen (15) days after the necessity therefore
arises. The Company shall use its commercially reasonable efforts to cause such
amendment and/or new Registration Statement to become effective as soon as
practicable following the filing thereof. For purposes of the foregoing
provision, the number of shares available under a Registration Statement shall
be deemed “insufficient to cover all of the Registrable Securities” if at any
time the number of shares of Common Stock available for resale under such
Registration Statement, subject to any limitations imposed by the SEC, is less
than the number of Registrable Securities. 

          (g)
Effect of Failure to File and Obtain and Maintain Effectiveness of
Registration Statement . If (i) a Registration Statement covering all the
Registrable Securities required to be covered thereby and required to be filed
by the Company pursuant to this Agreement is (A) not filed with the SEC on or
before the respective Filing Deadline (a “ Filing Failure “)
or (B) not declared effective by the SEC on the respective Effectiveness
Deadline, (an “ Effectiveness Failure“) or (ii) on any day after the
respective Effective Date sales of all the Registrable Securities included on
such Registration Statement cannot be made (other than during an Allowable
Grace Period (as defined in Section 3(r)) pursuant to such Registration
Statement or otherwise (including, without limitation, because of a failure to
keep such Registration Statement effective, to disclose such information as is
necessary for sales to be made pursuant to such Registration Statement, to
register a sufficient number of shares of Common Stock or to maintain the
listing of the Common Stock) (a “ Maintenance
Failure“) then, as partial
relief for the damages to any holder by reason of any such delay in or
reduction of its ability to sell the underlying shares of Common Stock (which
remedy shall not be exclusive of any other remedies available at law or in
equity), (A) the Company shall pay to each holder of Registrable Securities
relating to such Registration Statement an amount in cash equal to two percent
(2.0%) of the aggregate Purchase Price (as such term is defined in the
Securities Purchase Agreement) of such Investor’s Registrable Securities
included in such Registration Statement on each of the following dates: (i) the
day of a Filing Failure; (ii) the day of an Effectiveness Failure; and (iii)
the initial day of a Maintenance Failure; and (B) the Company shall pay to each
holder of Registrable Securities relating to such Registration Statement an
amount in cash equal to one percent (1.0%) of the aggregate Purchase Price of
such Investor’s Registrable Securities included in such Registration Statement
on each of the following dates: (i) on the thirtieth day after the date of a
Filing Failure and every thirtieth day thereafter (pro rated for periods
totaling less than thirty days) until such Filing Failure is cured; (ii) on the
thirtieth day after the date of an Effectiveness Failure and every thirtieth
day thereafter (pro rated for periods totaling less than thirty days) until
such Effectiveness Failure is cured; and (iii) on the thirtieth day after the
date of a Maintenance Failure and every thirtieth day thereafter (pro rated for
periods totaling less than thirty days) until such Maintenance Failure is
cured. The payments to which a holder shall be entitled pursuant to this
Section 2(g) are referred to herein as “ Registration Delay Payments.” Registration Delay Payments shall be paid on
the later of (I) the
dates set forth above or (II) the third Business Day after the event or failure
giving rise to the Registration Delay Payments is cured. In the event the
Company fails to make Registration Delay Payments in a timely manner, such
Registration Delay Payments shall bear interest at the rate of one and one-half
percent (1.5%) per month (prorated for partial months) until paid in full. 

          3.
Related Obligations . 

          At
such time as the Company is obligated to file a Registration Statement with the
SEC pursuant to Section 2(a), 2(b), 2(e) or 2(f), the Company will use its
commercially reasonable efforts to effect the registration of the Registrable
Securities in accordance with the intended method of disposition thereof and,
pursuant thereto, the Company shall have the following obligations: 

          (a)
The Company shall submit to the SEC, within three (3) Business Days after the
Company learns that no review of a particular Registration Statement will be
made by the staff of the SEC or that the staff of the SEC has no further
comments on a particular Registration Statement, as the case may be, a request
for acceleration of effectiveness of such Registration Statement to a time and
date not later than 48 hours after the submission of such request. The Company
shall keep each Registration Statement effective pursuant to Rule 415 at all
times for a period not exceeding one year from the date of Closing (the “ Registration Period “). The Company shall
ensure that each
Registration Statement (including any amendments or supplements thereto and
prospectuses contained therein) shall not contain any untrue statement of a
material fact or omit to state a material fact required to be stated therein,
or necessary to make the statements therein (in the case of prospectuses, in
the light of the circumstances in which they were made) not misleading. 

          (b)
The Company shall prepare and file with the SEC such amendments (including post-effective
amendments) and supplements to a Registration Statement and the prospectus used
in connection with such Registration Statement, which prospectus is to be filed
pursuant to Rule 424 promulgated under the 1933 Act, as may be necessary to keep
such Registration Statement effective at all times during the Registration
Period, and, during such period, comply with the provisions of the 1933 Act
with respect to the disposition of all Registrable Securities of the Company
covered by such Registration Statement until such time as all of such
Registrable Securities shall have been disposed of in accordance with the
intended methods of disposition by the seller or sellers thereof as set forth
in such Registration Statement. In the case of amendments and supplements to a
Registration Statement which are required to be filed pursuant to this
Agreement (including pursuant to this Section 3(b)) by reason of the Company
filing a report on Form 10-K, Form 10-Q or Form 8-K or any analogous report
under the Securities Exchange Act of 1934, as amended (the “ 1934 Act “), the Company shall have incorporated such
report by reference into
such Registration Statement, if applicable, or shall file such amendments or
supplements with the SEC on the same day on which the 1934 Act report is filed
which created the requirement for the Company to amend or supplement such
Registration Statement. 

          (c)
The Company shall (A) permit Legal Counsel to review and comment upon (i) a
Registration Statement at least five (5) Business Days prior to its filing with
the SEC and (ii) all amendments and supplements to all Registration Statements
(except for Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q,
Current Reports on Form 8-K and any similar or successor reports) within a
reasonable number of days prior to their filing with the SEC, and (B) not file
any Registration Statement or amendment or supplement thereto in a form to
which Legal Counsel reasonably objects. The Company shall furnish to Legal
Counsel, without charge and upon Legal Counsel’s reasonable request, (i) copies
of any correspondence from the SEC or the staff of the SEC to the Company or
its representatives relating to any Registration Statement, (ii) promptly after
the same is prepared and filed with the SEC, one copy of any Registration
Statement and any amendment(s) thereto, including financial statements and
schedules, all documents incorporated therein by reference, if requested by
Legal Counsel and not otherwise available on the EDGAR system, and all exhibits
and (iii) upon the effectiveness of any Registration Statement, one copy of the
prospectus included in such Registration Statement and all amendments and
supplements thereto. The Company shall reasonably cooperate with Legal Counsel
in performing the Company’s obligations pursuant to this Section 3. 

          (d)
The Company shall furnish to each Investor whose Registrable Securities are
included in any Registration Statement, without charge, (i) promptly after the
same is prepared and filed with the SEC, at least one copy of such Registration
Statement and any amendment(s) thereto, including financial statements and
schedules, all documents incorporated therein by reference, if requested by an
Investor and not otherwise available on the EDGAR system, all exhibits and each
preliminary prospectus, (ii) upon the effectiveness of any Registration
Statement, such number of copies of the prospectus included in such
Registration Statement and all amendments and supplements thereto as such
Investor may reasonably request and (iii) such other documents, including
copies of any preliminary or final prospectus, as such Investor may reasonably
request from time to time in order to facilitate the disposition of the
Registrable Securities owned by such Investor. 

          (e)
The Company shall use its commercially reasonable efforts to (i) register and
qualify, unless an exemption from registration and qualification applies, the
resale by Investors of the Registrable Securities covered by a Registration
Statement under such other securities or “blue sky” laws of all applicable
jurisdictions in the United States, (ii) prepare and file in those
jurisdictions such amendments (including post-effective amendments) and
supplements to such registrations and qualifications as may be necessary to
maintain the effectiveness thereof during the Registration Period, (iii) take
such other actions as may be necessary to maintain such registrations and
qualifications in effect at all times during the Registration Period, and (iv)
take all other actions reasonably necessary or advisable to qualify the
Registrable Securities for sale in such jurisdictions; provided, however, that
the Company shall not be required in connection therewith or as a condition
thereto to (x) qualify to do business in any jurisdiction where it would not
otherwise be required to qualify but for this Section 3(e), (y) subject itself
to general taxation in any such jurisdiction, or (z) file a general consent to
service of process in any such jurisdiction. The Company shall promptly notify
Legal Counsel and each Investor who holds Registrable Securities of the receipt
by the Company of any notification with respect to the suspension of the
registration or qualification of any of the Registrable Securities for sale
under the securities or “blue sky” laws of any jurisdiction in the United
States or its receipt of actual notice of the initiation or threatening of any
proceeding for such purpose. 

          (f)
The Company shall notify Legal Counsel and each Investor in writing of the
happening of any event, as promptly as practicable after becoming aware of such
event, as a result of which the prospectus included in a Registration
Statement, as then in effect, includes an untrue statement of a material fact
or omission to state a material fact required to be stated therein or necessary
to make the statements therein, in the light of the circumstances under which
they were made, not misleading (provided that in no event shall such notice
contain any material, nonpublic information), and, subject to Section 3(r),
promptly prepare a supplement or amendment to such Registration Statement to
correct such untrue statement or omission, and deliver ten (10) copies of such
supplement or amendment to Legal Counsel and each Investor (or such other
number of copies as Legal Counsel or such 

Investor may reasonably
request). The Company shall also promptly notify Legal Counsel and each
Investor in writing (i) when a prospectus or any prospectus supplement or
post-effective amendment has been filed, and when a Registration Statement or
any post-effective amendment has become effective (notification of such
effectiveness shall be delivered to Legal Counsel and each Investor by
facsimile on the same day of such effectiveness and by overnight mail), (ii) of
any request by the SEC for amendments or supplements to a Registration
Statement or related prospectus or related information, and (iii) of the
Company’s reasonable determination that a post-effective amendment to a
Registration Statement would be appropriate. By 9:30 a.m. New York City time on
the date following the date any post-effective amendment has become effective,
the Company shall file with the SEC in accordance with Rule 424 under the 1933
Act the final prospectus to be used in connection with sales pursuant to such
Registration Statement. 

          (g)
The Company shall use its commercially reasonable efforts to prevent the
issuance of any stop order or other suspension of effectiveness of a
Registration Statement, or the suspension of the qualification of any of the
Registrable Securities for sale in any jurisdiction and, if such an order or
suspension is issued, to obtain the withdrawal of such order or suspension at
the earliest possible moment and to notify Legal Counsel and each Investor who
holds Registrable Securities being sold of the issuance of such order and the
resolution thereof or its receipt of actual notice of the initiation or threat
of any proceeding for such purpose. 

          (h)
If any Investor is required under applicable securities laws to be described in
the Registration Statement as an underwriter, at the reasonable request of such
Investor, the Company shall furnish to such Investor, on the date of the
effectiveness of the Registration Statement and thereafter from time to time on
such dates as an Investor may reasonably request (i) a letter, dated such date,
from the Company’s independent certified public accountants in form and
substance as is customarily given by independent certified public accountants
to underwriters in an underwritten public offering, addressed to the Investors,
and (ii) an opinion, dated as of such date, of counsel representing the Company
for purposes of such Registration Statement, in form, scope and substance as is
customarily given in an underwritten public offering, addressed to the
Investors. 

          (i)
If any Investor is required under applicable securities laws to be described in
the Registration Statement as an underwriter, the Company shall make available
for inspection by (i) such Investor, (ii) Legal Counsel and (iii) one firm of
accountants or other agents retained by Legal Counsel (collectively, the “ Inspectors “), all pertinent financial
and other records, and pertinent corporate
documents and properties of the Company (collectively, the “ Records“), as shall be reasonably deemed necessary by
each Inspector, and
cause the Company’s officers, directors and employees to supply all information
which any Inspector may reasonably request; provided, however, that each
Inspector shall agree to hold in strict confidence and shall not make any
disclosure (except to an Investor) or use of any Record or other information
which the Company determines in good faith to be confidential, and of which
determination the Inspectors are so notified, unless (a) the disclosure of such
Records is necessary to avoid or correct a misstatement or omission in any
Registration Statement or is otherwise required under the 1933 Act, (b) the
release of such Records is ordered pursuant to a final, non-appealable subpoena
or order from a court or government body of competent jurisdiction, or (c) the
information in such Records has been made generally available to the public
other than by disclosure in violation of this Agreement. Each Investor agrees
that it shall, upon learning that disclosure of such Records is sought in or by
a court or governmental body of competent jurisdiction or through other means,
give prompt notice to the Company and allow the Company, at its expense, to
undertake appropriate action to prevent disclosure of, or to obtain a
protective order for, the Records deemed confidential. Nothing herein (or in
any other confidentiality agreement between the Company and any Investor) shall
be deemed to limit the Investors’ ability to sell Registrable Securities in a
manner which is otherwise consistent with applicable laws and regulations. 

          (j)
The Company shall hold in confidence and not make any disclosure of information
concerning an Investor provided to the Company unless (i) disclosure of such
information is necessary to comply with federal or state securities laws, (ii)
the disclosure of such information is necessary to avoid or correct a
misstatement or omission in any Registration Statement, (iii) the release of such
information is ordered pursuant to a subpoena or other final, non-appealable
order from a court or governmental body of competent jurisdiction, or (iv) such
information has been made generally available to the public other than by
disclosure in violation of this Agreement or any other agreement. The Company
agrees that it shall, upon learning that disclosure of such information
concerning an Investor is sought in or by a court or governmental body of
competent jurisdiction or through other means, give prompt written notice to
such Investor and allow such Investor, at the Investor’s expense, to undertake
appropriate action to prevent disclosure of, or to obtain a protective order
for, such information. 

          (k)
[Reserved.] 

          (l)
The Company shall cooperate with the Investors who hold Registrable Securities
being offered and, to the extent applicable, facilitate the timely preparation
and delivery of certificates (not bearing any restrictive legend) representing
the Registrable Securities to be offered pursuant to a Registration Statement
and enable such certificates to be in such denominations or amounts, as the
case may be, as the Investors may reasonably request and registered in such
names as the Investors may request. 

          (m)
If requested by an Investor, the Company shall as soon as practicable (i)
incorporate in a prospectus supplement or post-effective amendment such
information as an Investor reasonably requests to be included therein relating
to the sale and distribution of Registrable Securities, including, without
limitation, information with respect to the number of Registrable Securities
being offered or sold, the purchase price being paid therefor and any other
terms of the offering of the Registrable Securities to be sold in such
offering; (ii) make all required filings of such prospectus supplement or
post-effective amendment after being notified of the matters to be incorporated
in such prospectus supplement or post-effective amendment; and (iii) supplement
or make amendments to any Registration Statement if reasonably requested by an
Investor holding any Registrable Securities. 

          (n)
The Company shall use its commercially reasonable efforts to cause the
Registrable Securities covered by a Registration Statement to be registered
with or approved by such other governmental agencies or authorities as may be
necessary to consummate the disposition of such Registrable Securities. 

          (o)
Unless available on the EDGAR system, the Company shall make generally available
to its security holders as soon as practical, but not later than ninety (90)
days after the close of the period covered thereby, an earnings statement (in
form complying with, and in the manner provided by, the provisions of Rule 158
under the 1933 Act) covering a twelve-month period beginning not later than the
first day of the Company’s fiscal quarter next following the Effective Date of
a Registration Statement. 

          (p)
The Company shall otherwise use its commercially reasonable efforts to comply
with all applicable rules and regulations of the SEC in connection with any
registration hereunder. 

          (q)
Within two (2) Business Days after a Registration Statement which covers
Registrable Securities is ordered effective by the SEC, the Company shall
deliver, and shall cause legal counsel for the Company to deliver, to the
transfer agent for such Registrable Securities (with copies to the Investors
whose Registrable Securities are included in such Registration Statement)
confirmation that such Registration Statement has been declared effective by
the SEC in the form attached hereto as Exhibit A . 

          
(r) Notwithstanding anything to the contrary herein, at any time after the
Effective Date, the Company may delay the disclosure of material, non-public
information concerning the Company the disclosure of which at the time is not,
in the good faith opinion of the Board of Directors of the Company and its
counsel, in the best interest of the Company and, in the opinion of counsel to
the Company, otherwise required (a “ Grace
Period “); provided,
that the Company shall promptly (i) notify the Investors in writing of the
existence of material, non-public information giving rise to a Grace Period in
conformity with the provisions of this Section 3(r) (provided that in each
notice the Company will not disclose the content of such material, non-public
information to the Investors) and the date on which the Grace Period will
begin, and (ii) notify the Investors in writing of the date on which the Grace
Period ends; and, provided further, that no Grace Period shall exceed five (5)
consecutive days and during any three hundred sixty five (365) day period such
Grace Periods shall not exceed an aggregate of twenty (20) days and the first
day of any Grace Period must be at least five (5) trading days after the last
day of any prior Grace Period (each, an “ Allowable Grace Period“).
For purposes of determining the length of a Grace Period above, the Grace
Period shall begin on and include the date the Investors receive the notice
referred to in clause (i) and shall 

end on and include the later
of the date the Investors receive the notice referred to in clause (ii) and the
date referred to in such notice. The provisions of Section 3(g) hereof shall
not be applicable during the period of any Allowable Grace Period. Upon
expiration of the Grace Period, the Company shall again be bound by the first
sentence of Section 3(f) with respect to the information giving rise thereto
unless such material, non-public information is no longer applicable.
Notwithstanding anything to the contrary, the Company shall cause its transfer
agent to deliver unlegended shares of Common Stock to a transferee of an
Investor in accordance with the terms of the Securities Purchase Agreement in
connection with any sale of Registrable Securities with respect to which an
Investor has entered into a contract for sale, and delivered a copy of the
prospectus included as part of the applicable Registration Statement, prior to
the Investor’s receipt of the notice of a Grace Period and for which the
Investor has not yet settled. 

          (s)
Neither the Company nor any Subsidiary or affiliate thereof shall identify any
Buyer as an underwriter in any public disclosure or filing with the SEC, the
Financial Industry Regulatory Authority, Inc. or any Eligible Market and any
Buyer being deemed an underwriter by the SEC shall not relieve the Company of
any obligations it has under this Agreement or any other Transaction Document
(as defined in the Securities Purchase Agreement); provided , however
, that the foregoing shall not prohibit the Company from including the
disclosure found in the “Plan of Distribution” section attached hereto as Exhibit
B in the Registration Statement . 

          4.
Obligations of the Investors . 

          (a)
At least five (5) Business Days prior to the first anticipated filing date of a
Registration Statement, the Company shall notify each Investor in writing of
the information the Company requires from each such Investor if such Investor
elects to have any of such Investor’s Registrable Securities included in such
Registration Statement. It shall be a condition precedent to the obligations of
the Company to complete any registration pursuant to this Agreement with respect
to the Registrable Securities of a particular Investor that such Investor shall
furnish to the Company such information regarding itself, the Registrable
Securities held by it and the intended method of disposition of the Registrable
Securities held by it as shall be reasonably required to effect the
effectiveness of the registration of such Registrable Securities and shall
execute such documents in connection with such registration as the Company may
reasonably request. 

          (b)
Each Investor, by such Investor’s acceptance of the Registrable Securities,
agrees to cooperate with the Company as reasonably requested by the Company in
connection with the preparation and filing of any Registration Statement
hereunder, unless such Investor has notified the Company in writing of such
Investor’s election to exclude all of such Investor’s Registrable Securities
from such Registration Statement. 

          (c)
Each Investor agrees that, upon receipt of any notice from the Company of the
happening of any event of the kind described in Section 3(g) or the first
sentence of 3(f), such Investor will immediately discontinue disposition of
Registrable Securities pursuant to any Registration Statement(s) covering such
Registrable Securities until such Investor’s receipt of copies of the
supplemented or amended prospectus as contemplated by Section 3(g) or the first
sentence of 3(f) or receipt of notice that no supplement or amendment is
required. Notwithstanding anything to the contrary, the Company shall cause its
transfer agent to deliver unlegended shares of Common Stock to a transferee of
an Investor in accordance with the terms of the Securities Purchase Agreement
in connection with any sale of Registrable Securities with respect to which an
Investor has entered into a contract for sale prior to the Investor’s receipt
of a notice from the Company of the happening of any event of the kind
described in Section 3(g) or the first sentence of 3(f) and for which the
Investor has not yet settled. 

          (d)
Each Investor covenants and agrees that it will comply with the prospectus
delivery requirements of the 1933 Act as applicable to it or an exemption
therefrom in connection with sales of Registrable Securities pursuant to the
Registration Statement. 

          5.
Expenses of Registration . 

          All
reasonable expenses, other than underwriting discounts and commissions,
incurred in connection with registrations, filings or qualifications pursuant
to Sections 2 and 3, including, without limitation, all registration, listing
and qualifications fees, printers and accounting fees, and fees and
disbursements of counsel for the Company shall be paid by the Company. The
Company is not liable to the Investors for the fees and disbursements of Legal
Counsel in connection with registration, filing or qualification pursuant to
Sections 2 and 3 of this Agreement. 

          6.
Indemnification . 

          In
the event any Registrable Securities are included in a Registration Statement
under this Agreement: 

          (a)
To the fullest extent permitted by law, the Company will, and hereby does,
indemnify, hold harmless and defend each Investor, the directors, officers,
partners, members, employees, agents, representatives of, and each Person, if
any, who controls any Investor within the meaning of the 1933 Act or the 1934
Act (each, an “ Indemnified Person
“), against any losses, claims,
damages, liabilities, judgments, fines, penalties, charges, costs, reasonable
attorneys’ fees, amounts paid in settlement or expenses, joint or several
(collectively, “ Claims“), incurred in investigating, preparing or
defending any action, claim, suit, inquiry, proceeding, investigation or appeal
taken from the foregoing by or before any court or governmental, administrative
or other regulatory agency, body or the SEC, whether pending or threatened,
whether or not an indemnified party is or may be a party thereto (“ Indemnified Damages“), to which
any of them may become subject insofar as such Claims (or actions or
proceedings, whether commenced or threatened, in respect thereof) arise out of
or are based upon: (i) any untrue statement or alleged untrue statement of a
material fact in a Registration Statement or any post-effective amendment
thereto or in any filing made in connection with the qualification of the
offering under the securities or other “blue
sky” laws of any jurisdiction in
which Registrable Securities are offered (“ Blue Sky Filing“), or the omission or alleged omission to
state a material fact
required to be stated therein or necessary to make the statements therein not
misleading, (ii) any untrue statement or alleged untrue statement of a material
fact contained in any preliminary prospectus if used prior to the effective
date of such Registration Statement, or contained in the final prospectus (as
amended or supplemented, if the Company files any amendment thereof or
supplement thereto with the SEC) or the omission or alleged omission to state
therein any material fact necessary to make the statements made therein, in the
light of the circumstances under which the statements therein were made, not
misleading, (iii) any violation or alleged violation by the Company of the 1933
Act, the 1934 Act, any other law, including, without limitation, any state
securities law, or any rule or regulation thereunder relating to the offer or
sale of the Registrable Securities pursuant to a Registration Statement or (iv)
any violation of this Agreement (the matters in the foregoing clauses (i)
through (iv) being, collectively, “ Violations“) provided the Indemnified Claims do
not exceed, with respect to each Investor, the net proceeds of sale of the
relevant Registrable Securities in that Registration Statement. Subject to
Section 6(c), the Company shall reimburse the Indemnified Persons, promptly as
such expenses are incurred and are due and payable, for any legal fees or other
reasonable expenses incurred by them in connection with investigating or
defending any such Claim. Notwithstanding anything to the contrary contained
herein, the indemnification agreement contained in this Section 6(a): (i) shall
not apply to a Claim by an Indemnified Person arising out of or based upon a
Violation which occurs in reliance upon and in conformity with information
furnished in writing to the Company by such Indemnified Person for such
Indemnified Person expressly for use in connection with the preparation of the
Registration Statement or any such amendment thereof or supplement thereto, if
such prospectus was timely made available by the Company pursuant to Section
3(d); and (ii) shall not apply to amounts paid in settlement of any Claim if
such settlement is effected without the prior written consent of the Company,
which consent shall not be unreasonably withheld or delayed. Such indemnity
shall remain in full force and effect regardless of any investigation made by
or on behalf of the Indemnified Person and shall survive the transfer of the
Registrable Securities by the Investors pursuant to Section 9. 

          (b)
In connection with any Registration Statement in which an Investor is
participating, each such Investor agrees to severally and not jointly
indemnify, hold harmless and defend, to the same extent and in the same manner
as is set forth in Section 6(a), the Company, each of its directors, officers,
partners, members, employees, agents, representatives of, and each Person, if
any, who controls the Company within the meaning of the 1933 Act or the 1934
Act (each, an “ Indemnified
Party “), against any Claim or Indemnified Damages
to which any of them may become subject, under the 1933 Act, the 1934 Act or
otherwise, insofar as such Claim or Indemnified Damages arise out of or are
based upon any Violation, in each case to the extent, and only to the extent,
that such Violation occurs in reliance upon and in conformity with written
information furnished to the Company by such Investor expressly for use in
connection with such Registration Statement; and, subject to Section 6(c), such
Investor will 

reimburse any legal or other
expenses reasonably incurred by an Indemnified Party in connection with
investigating or defending any such Claim; provided, however, that the
indemnity agreement contained in this Section 6(b) and the agreement with
respect to contribution contained in Section 7 shall not apply to amounts paid
in settlement of any Claim if such settlement is effected without the prior
written consent of such Investor, which consent shall not be unreasonably
withheld or delayed; provided, further, however, that an Investor shall be
liable under this Section 6(b) for only that amount of a Claim or Indemnified
Damages as does not exceed the net proceeds to such Investor as a result of the
sale of Registrable Securities pursuant to such Registration Statement. Such
indemnity shall remain in full force and effect regardless of any investigation
made by or on behalf of such Indemnified Party and shall survive the transfer
of the Registrable Securities by the Investors pursuant to Section 9.
Notwithstanding anything to the contrary contained herein, the indemnification
agreement contained in this Section 6(b) with respect to any preliminary
prospectus shall not inure to the benefit of any Indemnified Party if the
untrue statement or omission of material fact contained in the preliminary
prospectus was corrected on a timely basis in the prospectus, as then amended
or supplemented. 

          (c)
Promptly after receipt by an Indemnified Person or Indemnified Party under this
Section 6 of notice of the commencement of any action or proceeding (including
any governmental action or proceeding) involving a Claim, such Indemnified
Person or Indemnified Party shall, if a Claim in respect thereof is to be made
against any indemnifying party under this Section 6, deliver to the
indemnifying party a written notice of the commencement thereof, and the
indemnifying party shall have the right to participate in, and, to the extent
the indemnifying party so desires, jointly with any other indemnifying party
similarly noticed, to assume control of the defense thereof with counsel
mutually satisfactory to the indemnifying party and the Indemnified Person or
the Indemnified Party, as the case may be; provided, however, that an
Indemnified Person or Indemnified Party shall have the right to retain its own
counsel with the fees and expenses of not more than one counsel for such
Indemnified Person or Indemnified Party to be paid by the indemnifying party,
if, in the reasonable opinion of the Indemnified Person or the Indemnified
Party, as the case may be, the representation by such counsel of the
Indemnified Person or Indemnified Party and the indemnifying party would be
inappropriate due to actual or potential differing interests between such
Indemnified Person or Indemnified Party and any other party represented by such
counsel in such proceeding. In the case of an Indemnified Person, legal counsel
referred to in the immediately preceding sentence shall be selected by the
Investors holding at least a majority in interest of the Registrable Securities
included in the Registration Statement to which the Claim relates. The
Indemnified Party or Indemnified Person shall cooperate fully with the
indemnifying party in connection with any negotiation or defense of any such
action or Claim by the indemnifying party and shall furnish to the indemnifying
party all information reasonably available to the Indemnified Party or
Indemnified Person which relates to such action or Claim. The indemnifying
party shall keep the Indemnified Party or Indemnified Person fully apprised at
all times as to the status of the defense or any settlement negotiations with
respect thereto. No indemnifying party shall be liable for any settlement of
any action, claim or proceeding effected without its prior written consent,
provided, however, that the indemnifying party shall not unreasonably withhold,
delay or condition its consent. No indemnifying party shall, without the prior
written consent of the Indemnified Party or Indemnified Person, consent to
entry of any judgment or enter into any settlement or other compromise which
does not include as an unconditional term thereof the giving by the claimant or
plaintiff to such Indemnified Party or Indemnified Person of a release from all
liability in respect to such Claim or litigation and such settlement shall not
include any admission as to fault on the part of the Indemnified Party or
Indemnified Person. Following indemnification as provided for hereunder, the
indemnifying party shall be subrogated to all rights of the Indemnified Party
or Indemnified Person with respect to all third parties, firms or corporations
relating to the matter for which indemnification has been made. The failure to
deliver written notice to the indemnifying party within a reasonable time of
the commencement of any such action shall not relieve such indemnifying party
of any liability to the Indemnified Person or Indemnified Party under this
Section 6, except to the extent that the indemnifying party is prejudiced in
its ability to defend such action. 

          (d)
The indemnification required by this Section 6 shall be made by periodic
payments of the amount thereof during the course of the investigation or
defense, as and when bills are received or Indemnified Damages are incurred. 

          (e)
The indemnity agreements contained herein shall be in addition to (i) any cause
of action or similar right of the Indemnified Party or Indemnified Person
against the indemnifying party or others, and (ii) any liabilities the
indemnifying party may be subject to pursuant to the law. 

          7.
Contribution . 

          To
the extent any indemnification by an indemnifying party is prohibited or
limited by law, the indemnifying party agrees to make the maximum contribution
with respect to any amounts for which it would otherwise be liable under
Section 6 to the fullest extent permitted by law; provided, however, that: (i)
no Person involved in the sale of Registrable Securities which Person is guilty
of fraudulent misrepresentation (within the meaning of Section 11(f) of the
1933 Act) in connection with such sale shall be entitled to contribution from
any Person involved in such sale of Registrable Securities who was not guilty
of fraudulent misrepresentation; and (ii) contribution by any seller of
Registrable Securities shall be limited in amount to the net amount of proceeds
received by such seller from the sale of such Registrable Securities pursuant
to such Registration Statement. 

          8.
Reports Under the 1934 Act . 

          With
a view to making available to the Investors the benefits of Rule 144
promulgated under the 1933 Act or any other similar rule or regulation of the
SEC that may at any time permit the Investors to sell securities of the Company
to the public without registration (“ Rule
144 “), the Company agrees to: 

          (a)
make and keep public information available, as those terms are understood and
defined in Rule 144; 

          (b)
file with the SEC in a timely manner all reports and other documents required
of the Company under the 1933 Act and the 1934 Act so long as the Company
remains subject to such requirements and the filing of such reports and other
documents is required for the applicable provisions of Rule 144; and 

          (c)
furnish to each Investor so long as such Investor owns Registrable Securities,
promptly upon request, (i) a written statement by the Company, if true, that it
has complied with the reporting requirements of Rule 144, the 1933 Act and the
1934 Act, (ii) a copy of the most recent annual or quarterly report of the
Company and such other reports and documents so filed by the Company, and (iii)
such other information as may be reasonably requested to permit the Investors
to sell such securities pursuant to Rule 144 without registration. 

          9.
Assignment of Registration Rights . 

          The
rights under this Agreement shall be automatically assignable by the Investors
to any transferee of all or any portion of such Investor’s Registrable
Securities if: (i) the Investor agrees in writing with the transferee or
assignee to assign such rights, and a copy of such agreement is furnished to
the Company within a reasonable time after such assignment; (ii) the Company
is, within a reasonable time after such transfer or assignment, furnished with
written notice of (a) the name and address of such transferee or assignee, and
(b) the securities with respect to which such registration rights are being
transferred or assigned; (iii) immediately following such transfer or
assignment the further disposition of such securities by the transferee or
assignee is restricted under the 1933 Act and applicable state securities laws;
(iv) at or before the time the Company receives the written notice contemplated
by clause (ii) of this sentence the transferee or assignee agrees in writing
with the Company to be bound by all of the provisions contained herein; and (v)
such transfer shall have been made in accordance with the applicable
requirements of the Securities Purchase Agreement. 

          10.
Amendment of Registration Rights . 

          Provisions
of this Agreement may be amended and the observance thereof may be waived
(either generally or in a particular instance and either retroactively or
prospectively), only with the written consent of the Company and the Required
Holders. Any amendment or waiver effected in accordance with this Section 10
shall be binding upon each Investor and the Company. No such amendment shall be
effective to the extent that it applies to less than all of the holders of the
Registrable Securities. No consideration shall be offered or paid to any Person
to amend or consent to a waiver or modification of any provision of this
Agreement unless the same consideration also is offered to all of the parties
to this Agreement. 

          11.
Currency . Unless otherwise indicated, all dollar amounts referred to in
this Agreement are in United States Dollars. All amounts owing under this
Agreement or any Transaction Document (as defined in the Securities Purchase
Agreement) shall be paid in US dollars. All amounts denominated in other
currencies shall be converted in the US dollar equivalent amount in accordance
with the Exchange Rate on the date of calculation. “ Exchange Rate “ means, in relation to any amount of
currency to be converted into US dollars pursuant to this Agreement, the US
dollar exchange rate as published in the Wall Street Journal on the relevant
date of calculation. 

          12.
Judgment Currency . 

          a)
If for the purpose of obtaining or enforcing judgment against the Company in
any court in any jurisdiction it becomes necessary to convert into any other
currency (such other currency being hereinafter in this Section 12 referred to
as the “ Judgment Currency “) an amount due in US dollars under this Agreement, the conversion
shall be made at the Exchange Rate prevailing on the Business Day immediately
preceding: 

          i)
the date of actual payment of the amount due, in the case of any proceeding in
the courts of New York or in the courts of any other jurisdiction that will
give effect to such conversion being made on such date: or 

          ii)
the date on which the foreign court determines payment should be made, in the
case of any proceeding in the courts of any other jurisdiction (the date as of
which such conversion is made pursuant to this Section being hereinafter
referred to as the “ Judgment
Conversion Date “). 

          b)
If in the case of any proceeding in the court of any jurisdiction referred to
in Section 12(a)(ii) above, there is a change in the Exchange Rate prevailing
between the Judgment Conversion Date and the date of actual payment of the
amount due, the applicable party shall pay such adjusted amount as may be
necessary to ensure that the amount paid in the Judgment Currency, when
converted at the Exchange Rate prevailing on the date of payment, will produce
the amount of US dollars which could have been purchased with the amount of
Judgment Currency stipulated in the judgment or judicial order at the Exchange
Rate prevailing on the Judgment Conversion Date. 

          c)
Any amount due from the Company under this provision shall be due as a separate
debt and shall not be affected by judgment being obtained for any other amounts
due under or in respect of this Agreement. 

          13.
Miscellaneous . 

          (a)
A Person is deemed to be a holder of Registrable Securities whenever such
Person owns or is deemed to own of record such Registrable Securities. If the
Company receives conflicting instructions, notices or elections from two or
more Persons with respect to the same Registrable Securities, the Company shall
act upon the basis of instructions, notice or election received from the record
owner of such Registrable Securities. 

          (b)
Any notices, consents, waivers or other communications required or permitted to
be given under the terms of this Agreement must be in writing and will be
deemed to have been delivered: (i) upon receipt, when delivered personally;
(ii) upon receipt, when sent by facsimile (provided confirmation of
transmission is mechanically or electronically generated and kept on file by
the sending party); or (iii) one Business Day after deposit with a nationally
recognized overnight delivery service, in each case properly addressed to the
party to receive the same. The addresses and facsimile numbers for such
communications shall be: 

	
 

	
 

	
 

	
 

	
If to Company: 

	
 

	
 

	
 

	
 

	
 

	
Orient Paper, Inc.

	
 

	
 

	
Attention:

	
Mr. Zhenyong Liu

	
 

	
Address:

	
Nansan Gongli, Nanhuan
  Road, Xushui County, Baoding City, 

	
 

	
City & State:

	
Hebei Province, The
  People’s Republic of China 072550

	
 

	
Telephone:

	
011 - (86) 312-8605508

	
 

	
Fax:

	
011 - (86) 312-8605530

	
 

	
Email:

	
liu@orientalpapercorporation.com/
  wyen@orientalpapercorporation.com

	
 

	
 

	
 

	
 

	
With a copy (which will
  not constitute notice) to: 

	
 

	
 

	
 

	
 

	
Sichenzia Ross Friedman
  Ference LLP 

	
 

	
Attention:

	
Gregory Sichenzia,
  Esq./Benjamin Tan, Esq. 

	
 

	
Telephone:

	
(212) 930 9700 

	
 

	
Fax:

	
(212) 930 9725 

	
 

	
Email:

	
gsichenzia@srff.com/btan@srff.com
  

If to a Buyer, to its
address and facsimile number set forth on the Schedule of Buyers attached
hereto, with copies to such Buyer’s representatives as set forth on the
Schedule of Buyers, or to such other address and/or facsimile number and/or to
the attention of such other Person as the recipient party has specified by
written notice given to each other party five (5) days prior to the
effectiveness of such change. Written confirmation of receipt (A) given by the
recipient of such notice, consent, waiver or other communication, (B)
mechanically or electronically generated by the sender’s facsimile machine
containing the time, date, recipient facsimile number and an image of the first
page of such transmission or (C) provided by a courier or overnight courier
service shall be rebuttable evidence of personal service, receipt by facsimile
or receipt from a nationally recognized overnight delivery service in
accordance with clause (i), (ii) or (iii) above, respectively. 

          (c)
Failure of any party to exercise any right or remedy under this Agreement or
otherwise, or delay by a party in exercising such right or remedy, shall not
operate as a waiver thereof. 

          (d)
All questions concerning the construction, validity, enforcement and
interpretation of this Agreement shall be governed by the internal laws of the
State of New York, without giving effect to any choice of law or conflict of
law provision or rule (whether of the State of New York or any other
jurisdictions) that would cause the application of the laws of any
jurisdictions other than the State of New York. Each party hereby irrevocably
submits to the exclusive jurisdiction of the state and federal courts sitting
in The City of New York, 

Borough of Manhattan, for
the adjudication of any dispute hereunder or in connection herewith or with any
transaction contemplated hereby or discussed herein, and hereby irrevocably
waives, and agrees not to assert in any suit, action or proceeding, any claim
that it is not personally subject to the jurisdiction of any such court, that
such suit, action or proceeding is brought in an inconvenient forum or that the
venue of such suit, action or proceeding is improper. Each party hereby
irrevocably waives personal service of process and consents to process being
served in any such suit, action or proceeding by mailing a copy thereof to such
party at the address for such notices to it under this Agreement and agrees
that such service shall constitute good and sufficient service of process and
notice thereof. Nothing contained herein shall be deemed to limit in any way
any right to serve process in any manner permitted by law. If any provision of
this Agreement shall be invalid or unenforceable in any jurisdiction, such
invalidity or unenforceability shall not affect the validity or enforceability
of the remainder of this Agreement in that jurisdiction or the validity or
enforceability of any provision of this Agreement in any other jurisdiction.
The Company hereby appoints Sichenzia Ross Friedman Ference LLP with offices at
61 Broadway, 32 nd Floor, New York, NY 10006, as its agent for
service of process in New York. EACH
PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO
REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN
CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION
CONTEMPLATED HEREBY. 

          (e)
This Agreement, the other Transaction Documents and the instruments referenced
herein and therein constitute the entire agreement among the parties hereto
with respect to the subject matter hereof and thereof. There are no
restrictions, promises, warranties or undertakings, other than those set forth
or referred to herein and therein. This Agreement, the other Transaction
Documents and the instruments referenced herein and therein supersede all prior
agreements and understandings among the parties hereto with respect to the
subject matter hereof and thereof. 

          (f)
Subject to the requirements of Section 9, this Agreement shall inure to the
benefit of and be binding upon the permitted successors and assigns of each of
the parties hereto. 

          (g)
The headings in this Agreement are for convenience of reference only and shall
not limit or otherwise affect the meaning hereof. 

          (h)
This Agreement may be executed in identical counterparts, each of which shall
be deemed an original but all of which shall constitute one and the same
agreement. This Agreement, once executed by a party, may be delivered to the
other party hereto by facsimile transmission of a copy of this Agreement
bearing the signature of the party so delivering this Agreement. 

          (i)
Each party shall do and perform, or cause to be done and performed, all such
further acts and things, and shall execute and deliver all such other
agreements, certificates, instruments and documents, as any other party may
reasonably request in order to carry out the intent and accomplish the purposes
of this Agreement and the consummation of the transactions contemplated hereby.

          (j)
All consents and other determinations required to be made by the Investors
pursuant to this Agreement shall be made, unless otherwise specified in this
Agreement, by the Required Holders. 

          (k)
The language used in this Agreement will be deemed to be the language chosen by
the parties to express their mutual intent and no rules of strict construction
will be applied against any party. 

          (l)
This Agreement is intended for the benefit of the parties hereto and their
respective permitted successors and assigns, and is not for the benefit of, nor
may any provision hereof be enforced by, any other Person. 

          (m)
The obligations of each Buyer hereunder are several and not joint with the
obligations of any other Buyer, and no provision of this Agreement is intended
to confer any obligations on any Buyer vis-à-vis any other Buyer. Nothing
contained herein, and no action taken by any Buyer pursuant hereto, shall be
deemed to constitute the Buyers as a partnership, an association, a joint
venture or any other kind of entity, or create a presumption that the Buyers
are in any way acting in concert or as a group with respect to such obligations
or the transactions contemplated herein. 

          IN
WITNESS WHEREOF,each
Buyer and the Company have caused their respective signature page to this
Registration Rights Agreement to be duly executed as of the date first written
above. 

	
 

	
 

	
 

	
 

	
COMPANY: 

	
 

	
 

	
 

	
 

	
ORIENT PAPER, INC.

	
 

	
 

	
 

	
 

	
By:

	
/s/ Zhenyong Liu

	
 

	
 

	 

	
 

	
 

	
Name: Zhenyong Liu

	
 

	
 

	
Title: Chief Executive
  Officer 

          IN
WITNESS WHEREOF,each
Buyer and the Company have caused their respective signature page to this
Registration Rights Agreement to be duly executed as of the date first written
above. 

	
 

	
 

	
 

	
 

	
 

	
 

	
BUYER:

	
 

	
 

	
 

	
 

	
 

	
 

	
ACCESS
  AMERICA FUND, LP

	
 

	
 

	
 

	
 

	
 

	
 

	
By:

	
/s/Christopher Efird

	
 

	
 

	
 

	 

	
 

	
 

	
 

	
Name: Christopher Efird

	
 

	
 

	
 

	
Title: President

	
 

	
 

	
 

	
 

	
 

	
BUYER:

	
 

	
 

	
 

	
 

	
 

	
RENAISSANCE
  US GROWTH INVESTMENT TRUST PLC

	
 

	
 

	
 

	
 

	
 

	
By:

	
/s/ Russell Cleveland

	
 

	
 

	
 

	 

	
 

	
 

	
 

	
Name: Russell Cleveland

	
 

	
 

	
 

	
Title: Director

	
 

	
 

	
 

	
 

	
 

	
BUYER:

	
 

	
 

	
 

	
 

	
 

	
RENN
  GLOBAL ENTREPRENEURS FUND, INC.

	
 

	
 

	
 

	
 

	
 

	
By:

	
/s/ Russell Cleveland

	
 

	
 

	
 

	 

	
 

	
 

	
 

	
Name: Russell Cleveland

	
 

	
 

	
 

	
Title: President

	
 
	
 
	
 
	
 

	
 
	
 
	
BUYER:

	
 
	
 
	
 

	
 
	
 
	
PREMIER
  RENN ENTREPRENEURIAL FUND LIMITED

	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ Russell Cleveland

	
 
	
 
	
 
	 
	
 
	
 
	
 
	
Name: Russell Cleveland

	
 
	
 
	
 
	
Title: Investment Advisor,
  President of

	
 
	
 
	
 
	
RENN Capital Group, Inc.

	
 
	
 
	
 

	
 
	
 
	
BUYER:

	
 
	
 
	
 

	
 
	
 
	
POPE
  INVESTMENTS II, LLC

	
 
	
 
	
 

	
 
	
 
	
By:
	
/s/ William P. Wells

	 
	 
	 
	 
	
 
	
 
	
 
	
Name: William P. Wells

	
 
	
 
	
 
	
Title: Managing Member

	
 
	
 
	
 

	
 
	
 
	
BUYER:

	
 
	
 
	
 

	
 
	
 
	
BUYER:

	
 
	
 
	
 

	
 
	
 
	
STEVE
  MAZUR

	
 
	
 
	
By:
	
/s/ Steve Mazur

	
 
	
 
	
 
	 
	
 
	
 
	
 
	
Name: Steve Mazur

	
 
	
 
	
 
	
Title:

SCHEDULE OF BUYERS

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Buyer

	
 

	
Address and Facsimile
  Number

	
 

	
Number of Common 
Shares

	
 

	
Purchase Price

	
Legal Representative’s
  Address and Facsimile Number

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Access America Fund, LP

	
 

	
11,200 Westheimer Suite 508 Houston, Texas 77042 Fax:713-599-1304

	
 

	
2,500,000

	
 

	
$1,500,000

	
Access America Fund, LP
   11,200 Westheimer Suite
  508 Houston, Texas 77042 Fax:713-599-1304

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Renaissance US Growth
  Investment Trust Plc

	
 

	
8080 N. Central
  Expressway, Suite 210, LB-59 Dallas, TX 75206 Fax:
  214-891-8291

	
 

	
1,333,333

	
 

	
$800,000

	
Access America Fund, LP
  11,200 Westheimer Suite 508 Houston, Texas 77042 Fax:713-599-1304

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
RENN Global Entrepreneurs
  Fund, Inc.

	
 

	
8080 N. Central
  Expressway, Suite 210, LB-59 Dallas, TX 75206 Fax:
  214-891-8291

	
 

	
500,000

	
 

	
$300,000

	
Access America Fund, LP
  11,200 Westheimer Suite 508 Houston, Texas 77042 Fax:713-599-1304

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Premier RENN
  Entrepreneurial Fund Limited

	
 

	
8080 N. Central
  Expressway, Suite 210, LB-59 Dallas, TX 75206 Fax:
  214-891-8291

	
 

	
500,000

	
 

	
$300,000

	
Access America Fund, LP
  11,200 Westheimer Suite 508 Houston, Texas 77042 Fax:713-599-1304

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Pope Investments II, LLC

	
 

	
5100 Poplar Avenue Suite
  805, Memphis, TN 38137 Fax:
  901-763-4229

	
 

	
3,333,333

	
 

	
$2,000,000

	
Access America Fund, LP
  11,200 Westheimer Suite 508 Houston, Texas 77042 Fax:713-599-1304

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Steve Mazur

	
 

	
66 Glenbrook Road - 2121
  Stamford, Connecticut 06902 Fax:631-598-4723

	
 

	
166,666

	
 

	
$100,000

	
Access America Fund, LP
  11,200 Westheimer Suite 508 Houston, Texas 77042 Fax:713-599-1304

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
TOTAL

	
 

	
 

	
 

	
8,333,332

	
 

	
$5,000,000

	
 

EXHIBIT A 

FORM OF NOTICE OF EFFECTIVENESS

OF REGISTRATION STATEMENT

Re: ORIENT PAPER, INC.

Ladies and Gentlemen: 

          [We
are][I am] counsel to ORIENT PAPER, INC., a Nevada corporation (the “ Company “), and have represented the Company
in connection with that certain
Securities Purchase Agreement, dated as of October [ • ] , 2009 (the “ Securities Purchase
Agreement“), entered into by and among the
Company and the buyers named therein (such buyers and their transferees,
provided such transfer is in accordance with Section 9 of the Registration
Rights Agreement (defined below), are collectively referred to as the “ Holders“) pursuant to which the Company
issued to the Holders its shares of
the Company’s Common Stock, par value $0.001 per share (the “ Common Stock“). Pursuant to the Securities
Purchase
Agreement, the Company also has entered into a Registration Rights Agreement
with the Holders (the “ Registration
Rights Agreement“) pursuant
to which the Company agreed, among other things, to register the resale of the
Registrable Securities (as defined in the Registration Rights Agreement) under
the Securities Act of 1933, as amended (the “ 1933 Act“). In connection with the Company’s
obligations under the Registration Rights Agreement, on [ • ] , 2009, the Company filed a Registration
Statement on Form S-1 (File No. 333- [ • ] ) (the “ Registration
Statement“) with the Securities and Exchange Commission (the “ SEC“)
relating to the Registrable Securities which names each of the Holders as a
selling stockholder thereunder. 

          In
connection with the foregoing, [we][I] advise you that a member of the SEC’s
staff has advised [us][me] by telephone that the SEC has entered an order
declaring the Registration Statement effective under the 1933 Act at [ ENTER TIME OF EFFECTIVENESS ] on [ ENTER DATE OF EFFECTIVENESS
] and we have no knowledge, after telephonic inquiry of a member of the
SEC’s staff, that any stop order suspending its effectiveness has been issued
or that any proceedings for that purpose are pending before, or threatened by,
the SEC and the Registrable Securities are available for resale under the 1933
Act pursuant to the Registration Statement. 

          This
letter shall serve as our standing instruction to you that the shares of Common
Stock are freely transferable by the Holders pursuant to the Registration
Statement. You need not require further letters from us to effect any future
legend-free issuance or reissuance of shares of Common Stock to the Holders as
contemplated by the Company’s Irrevocable Transfer Agent Instructions dated [
• ] , 2009 . 

	
 

	
 

	
 

	
Very truly yours, 

	
 

	
 

	
 

	
[ ISSUER’S
  COUNSEL ] 

	
 

	
 

	
 

	
By:_____________________ 

CC: [ LIST NAMES OF HOLDERS ] 

ANNEX I 

SELLING STOCKHOLDERS

          The
shares of common stock being offered by the selling stockholders are those
previously issued to the Selling Stockholders. For additional information
regarding the issuances of common stock, see “Private Placement of Common
Shares” above. We are registering the shares of common stock in order to permit
the selling stockholders to offer the shares for resale from time to time.
Except for the ownership of the shares of common stock, the selling
stockholders have not had any material relationship with us within the past
three years. 

          The
table below lists the selling stockholders and other information regarding the
beneficial ownership of the shares of common stock by each of the selling
stockholders. The second column lists the number of shares of common stock
beneficially owned by each selling shareholder, based on its ownership of the
shares of common stock, as of [ • ] , 2009. 

          The
third column lists the shares of common stock being offered by this prospectus
by the selling stockholders. 

          In
accordance with the terms of registration rights agreements with the holders of
the shares of common stock, this prospectus generally covers the resale of at
least the number of shares of common stock issued, as of the trading day
immediately preceding the date this registration statement was initially filed
with the SEC. The fourth column assumes the sale of all of the shares offered
by the selling stockholders pursuant to this prospectus. 

          The
selling stockholders may sell all, some or none of their shares in this
offering. See “Plan of Distribution.”

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Name of Selling Stockholder

	
 

	
Number of Shares of  Common Stock Owned
Prior to Offering

	
 

	
Maximum Number of Shares
  of Common Stock to be Sold  Pursuant to this Prospectus

	
 

	
Number of Shares of  Common Stock Owned  After Offering

	 

	
 

	 

	
 

	 

	
 

	 

(1) [ • ] [has][share] voting and investment power over
these securities. [ • ] disclaim[s]
beneficial ownership over the securities held by [ • ] . The selling stockholder acquired the
securities offered for its own account in the ordinary course of business, and
at the time it acquired the securities, it had no agreements, plans or
understandings, directly or indirectly to distribute the securities. 

PLAN OF DISTRIBUTION

          We
are registering the shares of common stock previously issued to permit the
resale of these shares of common stock by the holders of the common stock from
time to time after the date of this prospectus. We will not receive any of the
proceeds from the sale by the selling stockholders of the shares of common
stock. We will bear all fees and expenses incident to our obligation to register
the shares of common stock. 

          The
selling stockholders may sell all or a portion of the shares of common stock
beneficially owned by them and offered hereby from time to time directly or
through one or more underwriters, broker-dealers or agents. If the shares of
common stock are sold through underwriters or broker-dealers, the selling
stockholders will be responsible for underwriting discounts or commissions or
agent’s commissions. The shares of common stock may be sold in one or more transactions
at fixed prices, at prevailing market prices at the time of the sale, at
varying prices determined at the time of sale, or at negotiated prices. These
sales may be effected in transactions, which may involve crosses or block
transactions, 

	
 

	
 

	
 

	
 

	
• 

	
on any national securities
  exchange or quotation service on which the securities may be listed or quoted
  at the time of sale; 

	
 

	
 

	
 

	
 

	
• 

	
in the over-the-counter
  market; 

	
 

	
 

	
 

	
 

	
• 

	
in transactions otherwise
  than on these exchanges or systems or in the over-the-counter market; 

	
 

	
 

	
 

	
 

	
• 

	
through the writing of
  options, whether such options are listed on an options exchange or otherwise;
  

	
 

	
 

	
 

	
 

	
• 

	
in ordinary brokerage
  transactions and transactions in which the broker-dealer solicits purchasers;
  

	
 

	
 

	
 

	
 

	
• 

	
in block trades in which
  the broker-dealer will attempt to sell the shares as agent but may position
  and resell a portion of the block as principal to facilitate the transaction;
  

	
 

	
 

	
 

	
 

	
• 

	
in purchases by a
  broker-dealer as principal and resale by the broker-dealer for its account; 

	
 

	
 

	
 

	
 

	
• 

	
on an exchange
  distribution in accordance with the rules of the applicable exchange; 

	
 

	
 

	
 

	
 

	
• 

	
in privately negotiated
  transactions; 

	
 

	
 

	
 

	
 

	
• 

	
in short sales; 

	
 

	
 

	
 

	
 

	
• 

	
in sales pursuant to Rule
  144; 

	
 

	
 

	
 

	
 

	
• 

	
broker-dealers may agree
  with the selling securityholders to sell a specified number of such shares at
  a stipulated price per share; 

	
 

	
 

	
 

	
 

	
• 

	
a combination of any such
  methods of sale; and 

	
 

	
 

	
 

	
 

	
• 

	
any other method permitted
  pursuant to applicable law. 

          If
the selling stockholders effect such transactions by selling shares of common
stock to or through underwriters, broker-dealers or agents, such underwriters,
broker-dealers or agents may receive commissions in the form of discounts,
concessions or commissions from the selling stockholders or commissions from
purchasers of the shares of common stock for whom they may act as agent or to
whom they may sell as principal (which discounts, concessions or commissions as
to particular underwriters, broker-dealers or agents may be in excess of those
customary in the types of transactions involved). In connection with sales of
the shares of common stock or otherwise, the selling stockholders may enter
into hedging transactions with broker-dealers, which may in turn engage in
short sales of the shares of common stock in the course of hedging in positions
they assume. The selling stockholders may also sell shares of common stock
short and deliver shares of common stock covered by this prospectus to close
out short positions and to return borrowed shares in connection with such short
sales. The selling stockholders may also loan or pledge shares of common stock
to broker-dealers that in turn may sell such shares. 

          The
selling stockholders may pledge or grant a security interest in some or all of
the shares of common stock owned by them and, if they default in the
performance of their secured obligations, the pledgees or secured parties may
offer and sell the shares of common stock from time to time pursuant to this
prospectus or any amendment to this prospectus under Rule 424(b)(3) or other
applicable provision of the Securities Act of 1933, as amended, amending, if
necessary, the list of selling stockholders to include the pledgee, transferee
or other successors in interest as selling stockholders under this prospectus.
The selling stockholders also may transfer and donate the shares of common
stock in other circumstances in which case the transferees, donees, pledgees or
other successors in interest will be the selling beneficial owners for purposes
of this prospectus. 

          The
selling stockholders and any broker-dealer participating in the distribution of
the shares of common stock may be deemed to be “underwriters” within the
meaning of the Securities Act, and any commission paid, or any discounts or
concessions allowed to, any such broker-dealer may be deemed to be underwriting
commissions or discounts under the Securities Act. At the time a particular
offering of the shares of common stock is made, a prospectus supplement, if
required, will be distributed which will set forth the aggregate amount of
shares of common stock being offered and the terms of the offering, including
the name or names of any broker-dealers or agents, any discounts, commissions
and other terms constituting compensation from the selling stockholders and any
discounts, commissions or concessions allowed or reallowed or paid to
broker-dealers. 

          Under
the securities laws of some states, the shares of common stock may be sold in such
states only through registered or licensed brokers or dealers. In addition, in
some states the shares of common stock may not be sold unless such shares have
been registered or qualified for sale in such state or an exemption from
registration or qualification is available and is complied with. 

          There
can be no assurance that any selling stockholder will sell any or all of the
shares of common stock registered pursuant to the registration statement, of
which this prospectus forms a part. 

          The
selling stockholders and any other person participating in such distribution
will be subject to applicable provisions of the Securities Exchange Act of
1934, as amended, and the rules and regulations thereunder, including, without
limitation, Regulation M of the Exchange Act, which may limit the timing of
purchases and sales of any of the shares of common stock by the selling
stockholders and any other participating person. Regulation M may also restrict
the ability of any person engaged in the distribution of the shares of common
stock to engage in market-making activities with respect to the shares of
common stock. All of the foregoing may affect the marketability of the shares
of common stock and the ability of any person or entity to engage in
market-making activities with respect to the shares of common stock. 

          We
will pay all expenses of the registration of the shares of common stock
pursuant to the registration rights agreement, estimated to be $ [ • ] in total, including, without limitation,
Securities and Exchange Commission filing fees and expenses of compliance with
state securities or “blue sky” laws; provided, however, that a selling
stockholder will pay all underwriting discounts and selling commissions, if
any. We will indemnify the selling stockholders against liabilities, including
some liabilities under the Securities Act, in accordance with the registration
rights agreements, or the selling stockholders will be entitled to
contribution. We may be indemnified by the selling stockholders against civil
liabilities, including liabilities under the Securities Act, that may arise
from any written information furnished to us by the selling stockholder
specifically for use in this prospectus, in accordance with the related
registration rights agreements, or we may be entitled to contribution. 

          Once
sold under the registration statement, of which this prospectus forms a part,
the shares of common stock will be freely tradable in the hands of persons
other than our affiliates.LOCK-UP AGREEMENT

          THIS
AGREEMENT (this “Agreement”) is dated as of October 7, 2009 by and between
Orient Paper, Inc., a Nevada corporation (the “Company”), and Zhenyong Liu
(“Shareholder”).

          WHEREAS,
the Company entered into a Securities Purchase Agreement with the investors
listed in the Schedule of Buyers attached thereto (individually, a “Buyer”
and collectively, the “Buyers”) whereby the Company will sell to
the Buyers an aggregate of 8,333,332 shares of the Company’s common stock, par value $0.001 per
share (“Common
Stock”), for a total aggregate purchase price of approximately
$5,000,000 in a private placement financing transaction (the “Financing
Transaction”).

          WHEREAS,
Shareholder wishes to induce the Company and the Buyers to enter into the
Financing Transaction.

          WHEREAS,
in order to induce the Company and the Buyers to enter into the Financing
Transaction pursuant to the Securities Purchase Agreement dated October 7, 2009
by and among the Company and the Buyers (the “Securities Purchase Agreement”),
Shareholder has agreed not to sell any shares of the Company’s Common Stock
that Shareholder presently owns or may acquire after the date hereof, except in
accordance with the terms and conditions set forth herein (collectively, the “Lock-Up
Shares”). Capitalized terms used herein without definition shall
have the meanings assigned to such terms in the Securities Purchase Agreement.

          NOW,
THEREFORE, in consideration of the covenants and conditions hereinafter
contained, the parties hereto agree as follows:

          1.
Restriction on Transfer; Term. The Shareholder hereby agrees with the
Company that such Shareholder will not offer, sell, contract to sell, assign,
transfer, hypothecate, pledge or grant a security interest in, or otherwise
dispose of, or enter into any transaction which is designed to, or might
reasonably be expected to, result in the disposition of (whether by actual
disposition or effective economic disposition due to cash settlement or otherwise,
directly or indirectly) (each, a “transfer”), any of the Lock-Up Shares and
shall not transfer such shares until a date that is twelve (12) months
following the Closing Date under the Securities Purchase Agreement (the
“Period”), unless (i) the Buyers, who are holders of at least 75% of the shares
of Common Stock purchased under the Securities Purchase Agreement at the time
of the purported transfer within the Period, consent to the same, such consent
not to be unreasonably withheld, or (ii) all or any part of such Lock-Up Shares
are transferred pursuant to that Make Good Securities Escrow Agreement of even
date herewith entered into between the Company, the Shareholder and the Buyers.

          2.
Ownership. During the Period, Shareholder shall retain all rights of
ownership in the Lock-Up Shares, including, without limitation, voting rights
and the right to receive any dividends that may be declared in respect thereof,
except regarding any Lock-Up Shares transferred pursuant to the Make Good
Securities Escrow Agreement. 

          3.
Company and Transfer Agent. The Company is hereby authorized to disclose
the existence of this Agreement to its transfer agent. The Company and its
transfer agent are hereby authorized to decline to make any transfer of the
Common Stock if such transfer would constitute a violation or breach of this
Agreement and/or the Securities Purchase Agreement.

          4.
Notices. All notices, demands, consents, requests, instructions and
other communications to be given or delivered or permitted under or by reason
of the provisions of this Agreement or in connection with the transactions
contemplated hereby shall be in writing and shall be deemed to be delivered and
received by the intended recipient as follows: (i) if personally delivered, on
the business day of such delivery (as evidenced by the receipt of the personal
delivery service), (ii) if mailed certified or registered mail return receipt
requested, two (2) business days after being mailed, (iii) if delivered by
overnight courier (with all charges having been prepaid), on the business day
of such delivery (as evidenced by the receipt of the overnight courier service
of recognized standing), or (iv) if delivered by facsimile transmission, on the
business day of such delivery if sent by 6:00 p.m. in the time zone of the
recipient, or if sent after that time, on the next succeeding business day (as
evidenced by the printed confirmation of delivery generated by the sending
party’s telecopier machine). If any notice, demand, consent, request,
instruction or other communication cannot be delivered because of a changed
address of which no notice was given (in accordance with this Section 4), or
the refusal to accept same, the notice, demand, consent, request, instruction
or other communication shall be deemed received on the second business day the
notice is sent (as evidenced by a sworn affidavit of the sender). All such
notices, demands, consents, requests, instructions and other communications
will be sent to the following addresses or facsimile numbers as applicable.

	
   

  	
   

  	
   

  
	
            If
  to the Company:

  
	
   

  	
   

  	
   

  
	
   

  	
  Orient
  Paper, Inc.

  
	
   

  	
  Attention:

  	
  Mr. Zhenyong
  Liu

  
	
   

  	
  Address:

  	
  Nansan
  Gongli, Nanhuan Rd, Xushui County, 

  
	
   

  	
  City &
  State:

  	
  Baoding
  City, Hebei Province, The People’s Republic of China 072550

  
	
   

  	
  Telephone:

  	
  86-312-8605508

  
	
   

  	
  Fax:

  	
  86-312-8605530

  
	
   

  	
  Email:

  	
  liu@orientalpapercorporation.com

  
	
   

  	
   

  	
   

  
	
   

  	
  With a copy
  (which will not constitute notice) to:

  
	
   

  	
   

  	
   

  
	
   

  	
  Sichenzia
  Ross Friedman Ference LLP

  
	
   

  	
  Attention:

  	
  Gregory
  Sichenzia, Esq./Benjamin Tan, Esq.

  
	
   

  	
  Telephone:

  	
  (212) 930
  9700

  
	
   

  	
  Fax:

  	
  (212) 930
  9725

  
	
   

  	
  Email:

  	
  gsichenzia@srff.com/btan@srff.com

  

2

	
   

  	
   

  	
   

  
	
            If
  to Shareholder,

  
	
   

  	
   

  	
   

  
	
   

  	
  Zhenyong Liu

  
	
   

  	
  c/o Orient
  Paper, Inc.

  
	
   

  	
  Attention:

  	
  Mr. Zhenyong
  Liu

  
	
   

  	
  Address:

  	
  Nansan
  Gongli, Nanhuan Rd, Xushui County, 

  
	
   

  	
  City &
  State:

  	
  Baoding
  City, Hebei Province, The People’s Republic of China 072550

  
	
   

  	
  Telephone:

  	
  86-312-8605508

  
	
   

  	
  Fax:

  	
  86-312-8605530

  
	
   

  	
  Email:

  	
  liu@orientalpapercorporation.com

  

or to such
other address as any party may specify by notice given to the other party in
accordance with this Section 4.

          5.
Amendment. This Agreement may not be modified, amended, altered or
supplemented, except by a written agreement executed by each of the parties
hereto.

          6.
Entire Agreement. This Agreement contains the entire understanding and
agreement of the parties relating to the subject matter hereof and supersedes
all prior and/or contemporaneous understandings and agreements of any kind and
nature (whether written or oral) among the parties with respect to such subject
matter, all of which are merged herein.

          7.
Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York applicable to agreements made
and to be performed in that state, without regard to any of its principles of
conflicts of laws or other laws which would result in the application of the
laws of another jurisdiction. This Agreement shall be construed and interpreted
without regard to any presumption against the party causing this Agreement to
be drafted.

          8.
Waiver of Jury Trial. EACH OF THE PARTIES HEREBY UNCONDITIONALLY AND
IRREVOCABLY WAIVES THE RIGHT TO A TRIAL BY JURY IN ANY ACTION, SUIT OR
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY. EACH OF THE PARTIES UNCONDITIONALLY AND IRREVOCABLY
CONSENTS TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK
LOCATED IN NEW YORK COUNTY AND THE FEDERAL DISTRICT COURT FOR THE SOUTHERN
DISTRICT OF NEW YORK WITH RESPECT TO ANY SUIT, ACTION OR PROCEEDING ARISING OUT
OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY, AND
EACH OF THE PARTIES HEREBY UNCONDITIONALLY AND IRREVOCABLY WAIVES ANY OBJECTION
TO VENUE IN NEW YORK COUNTY OR SUCH DISTRICT, AND AGREES THAT SERVICE OF ANY
SUMMONS, COMPLAINT, NOTICE OR OTHER PROCESS RELATING TO SUCH SUIT, ACTION OR
OTHER PROCEEDING MAY BE EFFECTED IN THE MANNER PROVIDED IN SECTION 4.

          9.
Severability. The parties agree that if any provision of this Agreement
be held to be invalid, illegal or unenforceable in any jurisdiction, that
holding shall be effective only to the extent of such invalidity, illegally or
unenforceability without invalidating or rendering illegal or unenforceable the
remaining provisions hereof, and any such invalidity, illegally or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. It is the intent of the
parties that this Agreement be fully enforced to the fullest extent permitted
by applicable law.

3

          10.
Binding Effect; Assignment. This Agreement and the rights and
obligations hereunder may not be assigned by any party hereto without the prior
written consent of the other parties hereby. This Agreement shall be binding
upon and shall inure to the benefit of the parties hereto and their respective
successors and permitted assigns. Each Buyer is an intended third party
beneficiary of this Agreement and shall be entitled to enforce this Agreement. 

          11.
Headings. The section headings contained in this Agreement (including,
without limitation, section headings and headings in the exhibits and
schedules) are inserted for reference purposes only and shall not affect in any
way the meaning, construction or interpretation of this Agreement. Any
reference to the masculine, feminine, or neuter gender shall be a reference to
such other gender as is appropriate. References to the singular shall include
the plural and vice versa.

          12.
Counterparts. This Agreement may be executed in two or more
counterparts, and by the different parties hereto in separate counterparts,
each of which when executed shall be deemed to be an original, and all of
which, when taken together, shall constitute one and the same document. This
Agreement shall become effective when one or more counterparts, taken together,
shall have been executed and delivered by all of the parties.

IN WITNESS
WHEREOF, the parties have executed this Agreement as of the date first written
above herein.

	
   

  	
   

  	
   

  
	
   

  	
  ORIENT PAPER, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Zhenyong
  Liu

  
	
   

  	
   

  	 

  
	
   

  	
   

  	
  Name:
  Zhenyong Liu

  
	
   

  	
   

  	
  Title: Chief
  Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Zhenyong
  Liu

  
	
   

  	
   

  	 

  
	
   

  	
   

  	
  Name:
  Zhenyong Liu

  

4

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