Document:

exhibit10-1.htm

    
       

       

      
        

        

      

      Exhibit 10.1

      
        	
                 

                Dated 30th December 2009

                 

                 GREAT EAST BOTTLES AND DRINKS
      (BVI) INC.

                (
      “GEBD”)

                 

                and

                 

                GREAT
      EAST PACKAGING HOLDINGS LIMITED

                (
      “GEPH”)

                 

                ___________________________________________

                 

                 

                RESTRUCTURING
      AGREEMENT

                 

                ___________________________________________

                 

                 

                 

                 

              

      

      

      

      
        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

      

      CONTENTS

      

       

      
        
          	
                  Clause

                	
                  Heading

                	
                  Page

                
	
                  1

                	
                  DEFINITIONS AND
    INTERPRETATION

                	
                  4

                
	
                  2

                	
                  RESTRUCTURING

                	
                  6

                
	
                  3

                	
                  COMPLETION

                	
                  6

                
	
                  4

                	
                  MISCELLANEOUS

                	
                  6

                
	
                  5

                	
                  NOTICES

                	
                  7

                
	
                  6

                	
                  COSTS AND EXPENSES

                	
                  7

                
	
                  7

                	
                  GOVERNING LAW AND
    JURISDICTION

                	
                  7

                

        

        
          
             

          

          
             

            
              

            

          

          
             

          

        

THIS RESTRUCTURING AGREEMENT
is dated 30th
December 2009

      

      BETWEEN:

      

      
        	
                1.

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

              

      

      

      
        	
                2.

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

              

      

      

      

      WHEREAS:

      

      
        	
                (A)

              	
                Great
      East (Overseas) Packaging Limited is a company incorporated in Hong Kong
      and as at the date hereof has an authorised capital of HK$1,000,000
      divided into 1,000,000 shares of HK$1 each (“GEOP Shares”), of which
      10,000 GEOP Shares  have been issued and are fully paid up and
      are held by Hangzhou Great East Packaging Company Limited, an indirectly
      owned subsidiary of GEBD.

              

      

      

      
        	
                (B)

              	
                Greatgrand
      Global Limited is a company incorporated in the British Virgin Islands and
      as at the date hereof has an authorised capital of USD50,000 divided into
      50,000 shares of USD1 each (“GGL Share”), of which 1
      GGL Share is held by GEPH.

              

      

      

      
        	
                (C)

              	
                Upjoy
      Holdings Limited is a company incorporated in the British Virgin Islands
      and as at the date hereof has an authorised capital of USD50,000 divided
      into 50,000 shares of USD1 each (“UHL Share”), of which 1
      UHL Share is held by GEPH.

              

      

      

      
        	
                (D)

              	
                United
      Joy International Limited is a company incorporated in the British Virgin
      Islands and as at the date hereof has an authorised capital of USD50,000
      divided into 50,000 shares of USD1 each (“UJI Share”), of which 1
      UJI Share is held by GEPH.

              

      

      

      
        	
                (E)

              	
                Best
      Key Investment Limited is a company incorporated in Hong Kong and as at
      the date hereof has an authorised capital of HK$10,000 divided into 10,000
      shares of HK$1 each (“BKI
      Share”), of which 1 BKI Shares is held by
  GEBD.

              

      

      

      
        	
                (F)

              	
                Great
      East Packaging International Limited is a company incorporated in the
      British Virgin Islands and as at the date hereof has an authorized capital
      of USD10,000,000, divided into 10,000,000 shares with no par
      value  (“GEPI shares”), of which 6,425,846 GEPI shares were held
      by GEBD.

              

      

      

      
        	
                (G)

              	
                The
      parties hereto are desirous of undergoing a restructuring exercise in
      accordance with Clause 2 below whereby, inter alia, GEOP (as defined
      hereinbelow) will subscribe shares in each of GGL, UHL and UJI and GEBD
      will sell all its shares indirectly in BKI to Top Sharp Investments
      Limited and procure GEPI to issue certain shares to
  GEPH.

              

      

      

      
        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

      

      

      IT IS HEREBY AGREED
THAT:

      

      1.           DEFINITIONS AND
INTERPRETATION

       

      
        	
                1.1

              	
                In
      this Agreement, where the context so admits the following words and
      expressions shall have the following
meanings:

              

      

      

       “Business Day” means a
day (other than a Saturday or Sunday) on which banks are open for business in
Hong Kong;

       

      “BKI” means Best Key Investment
Limited, a company incorporated in Hong Kong with registered office situated at
203 Hankow Centre, 5-15 Hankow Road, Tsimshatsui, Kowloon, Hong
Kong;

      

      “Completion” means the
completion of the restructuring in accordance with Clause 3;

       

      “Completion Date” means
31st
December 2009 or such other date as GEBD and the GEPH may agree in
writing;

       

       “GEOP” means Great East
(Overseas) Packaging Limited, a company incorporated in the Hong Kong whose
registered office is situated at 203 Hankow Centre, 5-15 Hankow Road,
Tsimshatsui, Kowloon, Hong Kong;

      

      “GEPI” means Great East
Packaging International Limited, a company incorporated in the British Virgin
Islands whose registered office is situate at P.O. Box 3140, Road Town, Tortola,
British Virgin Islands;

       

      “GGL” means Greatgrand Global
Limited, a company incorporated in the BVI whose registered office is situate at
P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin
Islands;

      

      “GGL Subscription Agreement”
means the subscription agreement to be entered into between GGL and GEPI in the
form set out in Appendix 1;

      

      “HK$” means Hong Kong dollars,
the lawful currency for the time being of Hong Kong;

       

       “Hong Kong” means the
Hong Kong Special Administrative Region of the PRC;

       

       “Option Agreement” means the
option agreement to be entered into between GEPI and GEPH in the form set out in
Appendix 4;

       

      “Party” means a party to this
Agreement;

       

      “Person” means an individual,
partnership, company, body corporate, joint stock company, trust, unincorporated
association or body of persons (including a partnership or consortium), joint
venture or other entity, or a government or any political subdivision or agency
thereof;

       

      

      
        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

      

      “PRC” means the People’s
Republic of China and for the purpose of this Agreement excluding Hong
Kong;

       

       “SP Agreement” means the
sale and purchase agreement to be entered into between GEBD as the vendor and
Top Sharp as the purchaser in respect of entire issued share capital of BKI in
the form set out in Appendix 5;

       

      “Subscription Agreements”
means GGL Subscription Agreement, UHL Subscription Agreement and UJI
Subscription Agreement;

       

      “Subsidiaries” means GGL, UHL
and UJI;

       

      “Top Sharp” means Top
Sharp  Investments Limited, a company incorporated in the BVI whose
registered office is situate at P.O. Box 957, Offshore Incorporations Centre,
Road Town, Tortola, British Virgin Islands;

       

      “UHL” means Upjoy Holdings
Limited, a company incorporated in the BVI whose registered office is situate at
P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin
Islands;

      

      “UHL Subscription Agreement”
means the subscription agreement to be entered into between UHL and GEPI in the
form set out in Appendix 2;

      

      “UJI” means United Joy
International Limited, a company incorporated in the BVI whose registered office
is situate at P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola,
British Virgin Islands;

      

      “UJI Subscription Agreement”
means the subscription agreement to be entered into between UJI and GEPI in the
form set out in Appendix 3.

      

       

      
        	
                1.2

              	
                Any
      references, express or implied, to statutes or statutory provisions shall
      be construed as references to those statutes or provisions as respectively
      amended or re-enacted or as their application is modified by other
      provisions (whether before or after the date hereof) from time to time and
      shall include any statutes or provisions of which they are re-enactments
      (whether with or without modification) and any orders, regulations,
      instruments or other subordinate legislation under the relevant statute or
      statutory provision.  References to sections of consolidating
      legislation shall, wherever necessary or appropriate in the context, be
      construed as including references to the sections of the previous
      legislation from which the consolidating legislation has been
      prepared.

              

      

      

      
        	
                1.3

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

              

      

      

      
        	
                1.4

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

              

      

      

      
        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

       

      
        	
                1.5

              	
                Unless
      the context requires otherwise, words importing the singular include the
      plural and vice versa and words importing a gender include every
      gender.

              

      

       

      
        	
                2.

              	
                RESTRUCTURING

              

      

       

      
        	
                2.1

              	
                In
      consideration of GEPH to procure the Subsidiaries to enter into the
      Subscription Agreements with GEOP, GEBD agrees
  to:

              

      

       

      
        	
                 
      

              	
                (1)

              	
                enter
      into a SP Agreement with Top Sharp;
and

              

      

       

      
        	
                 
      

              	
                (2)

              	
                procure
      GEPI to enter into the Option Agreement with
  GEPH.

              

      

       

      3.           
COMPLETION

       

      Completion
shall take place on the Completion Date or such other place or time or date as
to be agreed by the GEPH and the GEBD at which the following transactions shall
take place:

      

      
        	
                 
      

              	
                (a)

              	
                GEPH
      shall deliver to GEBD a copy of the executed Subscription
      Agreements;

              

      

      

      
        	
                 
      

              	
                (b)

              	
                GEBD
      shall deliver to GEPH a copy of the executed SP Agreement and Option
      Agreement.

              

      

      

      4.           
MISCELLANEOUS

       

      
        	
                4.1

              	
                Whole
      Agreement

              

      

      

      This
Agreement contains the whole agreement between the Parties relating to the
transactions contemplated by this Agreement and supersedes all previous
agreements between the Parties relating to these transactions (for the avoidance
of doubt, including, without limitation, the Proposal).

      

      
        	
                4.2

              	
                Severability

              

      

      

      
        	
                 
      

              	
                If
      any provision of this Agreement is or becomes illegal, invalid or
      unenforceable in any jurisdiction, that shall not
  affect:

              

      

      

      
        	
                 
      

              	
                (a)

              	
                the
      validity or enforceability in that jurisdiction of any other provision of
      this Agreement; or

              

      

      

      
        	
                 
      

              	
                (b)

              	
                the
      validity or enforceability in other jurisdictions of that or any other
      provision of this Agreement.

              

      

      

      
        	
                4.3

              	
                Assignment

              

      

      

      
        	
                 
      

              	
                The
      Parties shall not be entitled to assign or transfer any of their rights
      (which are not assignable) or obligations under this
      Agreement.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                4.4

              	
                Time

              

      

      

      
        	
                 
      

              	
                Time
      shall be of the essence in this Agreement both as regards dates and
      periods specifically mentioned and as to any dates and period which may,
      by agreement in writing between the Parties hereto, be substituted
      thereof.

              

      

      

      

      5.           NOTICES

       

      
        	
                5.1

              	
                All
      notices or other communications under or in connection with this Agreement
      shall be given in writing or by facsimile.  Any such notice
      shall be deemed to be given as
follows:

              

      

      

      
        	
                 
      

              	
                (a)

              	
                if
      by letter, when delivered personally or on actual receipt;
    or

              

      

      

      
        	
                 
      

              	
                (b)

              	
                if
      by facsimile, when confirmed by an activity report confirming the
      facsimile number to which such notice was sent, the number of pages
      transmitted and that such transmission was successfully
      completed,

              

      

      

      however,
a notice given in accordance with the above but received on a non-Business Day
or after business hours in the place of receipt shall only be deemed to be given
on the next working day in that place.

      

      
        	
                5.2

              	
                The
      address and facsimile number of GEBD and the GEPH
  are:

              

      

      

      
        	
                 
      

              	
                (a)

              	
                GEBD

              

      

      

      
        	
                 
      

              	
                Address:

              	
                OMC
      Chambers, P.O. Box 3152, Road Town, Tortola,
  B.V.I.

              

      

      
        	
                 
      

              	
                Facsimile:

              	
                [*]

              

      

      Attention:              [*]

      

      
        	
                 
      

              	
                (b)

              	
                GEPH

              

      

      

      
        	
                 
      

              	
                Address:

              	
                Offshore
      Incorporations Ltd.- P.O. Box 957, Todman Building, Main Street, P.O. Box
      3140, Road Town, Tortola, B.V.I.

              

      

      
        	
                 
      

              	
                Facsimile:

              	
                [*]

              

      

      Attention:             
[*]

       

      or such
other address or facsimile number as the relevant Party may notify to the other
Parties by not less than five (5) Business Days’ notice.

       

      6.           
COSTS AND
EXPENSES

       

      
        	
                 
      

              	
                Each
      party shall bear its own costs and expenses (if any) incurred in
      connection with the preparation, negotiation, settlement and performance
      of this Agreement.

              

      

      

      
        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

      

      

      7            
GOVERNING LAW AND
JURISDICTION

       

      
        	
                7.1

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

              

      

      

      
        	
                7.2

              	
                The
      Parties irrevocably and unconditionally submit to the non-exclusive
      jurisdiction of the Hong Kong Court in connection
  herewith.

              

      

      

      IN WITNESS WHEREOF this
Agreement has been executed by the above-named Parties on the day and year first
above written.

      

      
        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

      

      
        	
                 
      

              	
                APPENDIX
      1

              

      

      

      
        	
                 
      

              	
                GGL
      Subscription Agreement

              

      

      

      

      
        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

      

      APPENDIX
2

      

      UHL
Subscription Agreement

      

      

      

      
        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

      

      APPENDIX
3

      

      UJI
Subscription Agreement

      

      
        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

      

      APPENDIX
4

      

      Option
Agreement

      

      
        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

      

      APPENDIX
5

      

      SP
Agreement

      

      

      
        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

      

      SIGNED by
[*]                                                                   )

      for and
on behalf
of                                                           )

      GREAT EAST BOTTLES AND
DRINKS                     )

      (BVI)
INC.                                                                          
)

      in the
presence
of:                                                              )

                                                                                                    
)

      

      

      

      

      SIGNED by
[*]                                                                   )

      for and
on behalf
of                                                           )

      GREAT EAST PACKAGING
HOLDINGS                   )

      LIMITED                                                                            
)

      in the
presence
of:                                                             )exhibit10-2.htm

     

     

    
      

      

    

    Exhibit 10.2

      

      

      

      Date: 30
December 2009

      

      

      

      UPJOY
HOLDINGS LIMITED

      晉欣控股有限公司

      

      

      AND

      

      

      GREAT EAST (OVERSEAS) PACKAGING
LIMITED

      

      _______________________________________________

      

      

      SUBSCRIPTON
AGREEMENT

      

      ________________________________________________

      

      

      

      

      

      

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      THIS
AGREEMENT is made and entered into the 30th
December 2009, by and between:

      

      UPJOY HOLDINGS LIMITED晉欣控股有限公司,
a company incorporated in the British Virgin Islands whose registered office is
situated at P.O. Box 957, Offshore Incorporations Centre, Road Town,
Tortola,  British Virgin Islands (hereinafter referred to as the
"Company") (Refer to
Appendix 1 for details), and

      

      GREAT EAST (OVERSEAS) PACKAGING
LIMITED, a company incorporated in the Hong Kong Special Administration
Region whose registered office is situated at 203 Hankow Centre, 5-15 Hankow
Road, Tsimshatsui, Kowloon, Hong Kong (hereinafter referred to as the "Subscriber").

      

      Whereas:

      

      
        	
                1.

              	
                The
      Company is incorporated in the British Virgin Islands on 3rd day of
      December, 2003 in accordance with the International Business
      Act.  As of the date of this Agreement, the authorized share
      capital of the Company is USD50,000.00, divided into 50,000 ordinary
      shares with a par value of USD1.00 per share.  The total issued
      share capital is 1 share totalling
USD1.00.

              

      

      

      
        	
                2.

              	
                The
      Company and the Subscriber agree to issue new ordinary shares and/or
      arrange to transfer ordinary share(s) of the Company to the Subscriber in
      accordance with the terms and conditions of this Agreement, and the
      Subscriber agrees to subscribe to new ordinary shares from the Company
      and/or buy existing ordinary shares of the Company in accordance with the
      terms and conditions of this
Agreement.

              

      

      

      NOW IT IS
HEREBY AGREED as follows:

      

      
        	
                1.

              	
                    Definition
      and interpretations

              

      

      

      
        	
                1.1

              	
                In
      this Agreement, where the context so admits the following words and
      expressions shall have the following
meanings:

              

      

      

      “Agreement” means this
Agreement;

       

      “BKI” means Best Key Investment
Limited, a company incorporated in Hong Kong with registered office situated at
203 Hankow Centre, 5-15 Hankow Road, Tsimshatsui, Kowloon, Hong
Kong;

       

       “Completion” means the
completion of the Subscription in accordance with clause 5;

       

      “Completion Date” means the
Business Day immediately following the date when the Conditions have been
fulfilled or such other date as the Company and the Subscriber may agree in
writing;

       

      “Conditions Precedent” means
the conditions precedent to Completion set out in Clause 4;

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       “Encumbrances” means a
mortgage, charge, pledge, lien, option, restriction, right of first refusal,
right of pre-emption, third-party right or interest, other encumbrance or
security interest of any kind, or another type of preferential arrangement
(including, without limitation, retention arrangement) having similar effect;
“GEPH” means Great East
Packaging Holdings Limited, a company incorporated in the BVI whose registered
office is situated at P.O. Box 3140, Road Town, Tortola, British Virgin
Islands;

       

       “GEPI” means Great East
Packaging International Limited, a company incorporated in the BVI whose
registered office is situated at P.O. Box 3140, Road Town, Tortola, British
Virgin Islands;

       

       “GGL” means Greatgrand Global
Limited, a company incorporated in the BVI whose registered office is situated
at P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British
Virgin Islands;

       

       “Hong Kong” means the
Hong Kong Special Administrative Region of the PRC;

       

      “Long Stop Date” means 30th
December 2009 or such later date as may be agreed in writing between the Company
and the Subscriber;

       

      “Option Agreement” means the
option agreement to be entered into between GEPI and GEPH

       

      “SP Agreement” means the sale
and purchase agreement to be entered into between GEBD as the vendor and Top
Sharp as the purchaser in respect of entire issued share capital of
BKI

       

      “Top Sharp” means Top
Sharp  Investments Limited, a company incorporated in the BVI whose
registered office is situate at P.O. Box 957, Offshore Incorporations Centre,
Road Town, Tortola, British Virgin Islands

       

       “UJI” means United Joy
International Limited, a company incorporated in the BVI whose registered office
is situated at P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola,
British Virgin Islands.

       

      
        	
                1.3

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

              

      

      

      
        	
                2.

              	
                Issued
      Share Capital

              

      

      

      In
compliance with the terms and conditions of this Agreement, the Company shall
issue new ordinary shares to the Subscriber and the Subscriber shall pay the
consideration as stated in Clause 3 of this Agreement to subscribe for the new
ordinary share(s) (free from any options, mortgages, lien, equities,
encumbrances, pre-emptive rights or any other third party
rights).

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      3.         Consideration

      

      The
consideration for the subscription is US$9,999.00 (US Dollars 9,999 Only) (the
“Consideration”).

      

      
        	
                4.

              	
                Conditions

              

      

      

      
        	
                4.1

              	
                Completion
      of the Subscription shall be conditional upon the following conditions
      having been fulfilled or, at the discretion of the Subscriber,
      waived:

              

      

      

      
        	
                 
      

              	
                (a)

              	
                the
      option agreement between GEPH and GEPI remains legally binding and
      enforceable;

              

      

      
        	
                 
      

              	
                (b)

              	
                the
      subscription agreement between GGL and the Subscriber remains legally
      binding and enforceable;

              

      

      
        	
                 
      

              	
                (c)

              	
                the
      subscription agreement between UJI and Subscriber remains legally binding
      and enforceable; and

              

      

      
        	
                 
      

              	
                (d)

              	
                the
      SP Agreement between GEPI and Top Sharp remains legally binding and
      enforceable.

              

      

      

      
        	
                4.2  

              	
                In
      the event that any of the Conditions is not fulfilled, or waived by the
      Subscriber by the Long Stop Date, this Agreement and all rights and
      obligations of the parties hereunder shall automatically cease and
      terminate save for accrued rights and
  obligations.

              

      

      

      
        	
                4.3

              	
                The
      Company undertakes to notify the Subscriber promptly in writing following
      the satisfaction of the Conditions.

              

      

      

      
        	
                5.

              	
                Completion

              

      

      

      Upon
completion of this Agreement, the Company shall deliver or arrange to deliver
the following to the Subscriber or the designated representative of the
Subscriber:

      

      
        	
                 
      

              	
                (A)

              	
                Executed
      documents in relation to the issue of the company’s ordinary shares
      (including the original copy of this Agreement).  The share
      certificate shall be delivered to the Subscriber and/or the designated
      representative of the Subscriber(s) after the execution of this Agreement
      and the completion of all registration and printing procedures;
      and

              

      

      
        	
                 
      

              	
                (B)

              	
                A
      copy of the board resolution of the Company in relation to the approval of
      the Subscriber and/or the designated representative of the Subscriber to
      be a shareholder of the Company.

              

      

      

      The
Subscriber shall pay to the Company the sum in the amount of the Consideration
as stipulated in Clause 3 of this Agreement.

      

      
        	
                6.

              	
                Notices

              

      

      

      6.1 All
notices, approvals, consents and any other correspondence in relation this
Agreement:

      

      
        	
                 
      

              	
                (A)

              	
                shall
      be in writing; and

              

      

      
        	
                 
      

              	
                (B)

              	
                shall
      be delivered to the recipient’s address, or mailed to the recipient’s
      address by prepaid surface mail (by airmail if mailed to regions outside
      Hong Kong), or delivered by fax to the recipient’s fax number as
      stipulated in this clause, or to any other addresses in Hong Kong or fax
      numbers as notified by the
recipient.

              

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      6.2 The
correspondence addresses and fax numbers of all parties are as
follows:

      

      The
Company: UPJOY HOLDINGS LIMITED  晉欣控股有限公司

      Correspondence
Address: P.O. Box 957, Offshore Incorporations Centre, Road Town,
Tortola,  British Virgin Islands

      Fax
Number: (852) 2311-3033

      

      The
Subscriber: GREAT EAST (OVERSEAS) PACKAGING LIMITED

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

      Fax
Number:

      

      
        	
                7.

              	
                Proceedings
      and Warranty

              

      

      

      7.1 The
Company and its directors warrants that they are not undergoing or intending to
undergo any lawsuit, arbitration, indictment or any other legal proceedings, and
there are no undergoing and/or unsettled claims or lawsuits against the Company
or its assets or its directors.

      

      7.2 The
Company and its directors warrants that they have not act as any form of
guarantors.

      

      
        	
                8.

              	
                Power
      of the Company

              

      

      

      8.1 The
Company has full authority to enter into this Agreement and to exercise the
rights attached hereto.  This Agreement, upon execution, shall be
deemed a legal, valid and binding Agreement for the Company and the Subscriber,
and the Company is eligible to execute the terms and conditions of this
Agreement.

      

      8.2 The
signing, delivery and execution of this Agreement by the Company shall not, in
any circumstances, violate: (i) any laws and regulations of the British Virgin
Islands on the date and completion of this Agreement; (ii) the required laws and
documents for incorporation of the Company on the date and completion of this
Agreement.

      

      
        	
                9.

              	
                Jurisdiction

              

      

      

      9.1 The
parties agree that this Agreement shall be construed in accordance with the laws
of Hong Kong the Special Administrative Region of the People’s Republic Of China
and her courts shall be the courts of competent jurisdiction.

      

      9.2 The
parties agree that they shall submit themselves to the jurisdiction and courts
under the laws of the Hong Kong Special Administrative Region of the People’s
Republic of China for any claims, disputes or discrepancies that may
arise.

      

      
        	
                10.

              	
                Miscellaneous

              

      

      

      10.1
Neither party hereto shall assign or offer as security to any third party the
status of this Agreement or any of its rights or obligations hereunder without
the written consent of the other parties hereto.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      10.2 Time
is an essential element in this Agreement.

      

      10.3 This
Agreement contains the full and complete understanding between the parties and
supersedes all prior arrangements and understandings whether written or oral
appertaining to the subject matter of this Agreement and may not be varied
except by instrument in writing signed by all of the parties to this
Agreement.  All parties acknowledge that no representations or
promises not expressly contained in this Agreement have been made by the other
parties or any of its servants, agents, employees or representatives in any
respect whatsoever.

      

      10.4 The
parties shall not be liable to one another for any act, omission or performance
hereunder is delayed or becomes impossible or impracticable because of any act
of God, fire, earthquake, strike, civil commotion, war, coup d’etat, epidemic,
terrorists attacks, acts of government or any order regulation ruling or action
of any labour union or association or artists affecting the other party or the
entertainment industry or as a result of any other matter or cause beyond the
party’s control, and shall not be liable for any expenses or consequential loss
whatever suffered by either party.

      

      Subject
to this clause, each party indemnifies the other party against all losses,
damages, claims, costs and expenses (including legal costs) incurred by other
party by reason of any breach or claim of breach by the party of any of its
respective warranties or obligations under this Agreement.

      

      10.5
Under such circumstances if any clauses contained herein shall be deemed invalid
due to legal regulations, such clause(s) shall be
deleted.  Notwithstanding the aforesaid, the other clauses in the
Agreement shall remain in force and binding against all parties.  The
parties shall amend the clause of this Agreement if necessary, upon mutual
consent, in good faith for carrying out the terms and conditions of this
Agreement.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
WITNESS
WHEREOF,                                                      the
parties have executed this Agreement as of the day and year first above
written.

       

      

       

      SIGNED
BY                                               )

      for and
on behalf
of                                 )

      UPJOY HOLDINGS
LIMITED             )

      in the
presence
of:                                   )

      

      

      

      

      

      

      

      

      SIGNED
BY                                               )

      For and
on behalf
of                                )

      GREAT
EAST
(OVERSEAS)                )

      PACKAGING
LIMITED                         )

                                                                         
)

                                                                         
)

      in the
presence of
:                                  )

                                                                         
)

       

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Information of the
Company

      

      

      
        	
                Name

              	
                :

              	
                UPJOY HOLDINGS
      LIMITED晉欣控股有限公司

              
	
                Incorporation
      Date

              	
                :

              	
                2nd
      day of July, 2002

              
	
                COMPANY
      NO.

              	
                :

              	
                570574

              
	
                Registered
      Office

              	
                :

              	
                P.O.
      Box 957, Offshore Incorporations Centre, Road Town, Tortola, British
      Virgin Islands.

              
	
                Authorized
      Capital

              	
                :

              	
                USD50,000.00
      of USD1.00 per share

              
	
                No.
      of shares issued

                 

              	
                :

              	
                50,000
      shares

              
	
                Total
      paid up value of shares

                issued
      (excluding premium)

              	
                :

                 

              	
                1
      share

              
	
                DIRECTOR

              	
                :

              	
                Chung
      Stetson

              
	
                SECRETARY

              	
                :

              	
                Chung
      Stetson

              
	
                SHAREHOLDER

              	
                :

              	
                Great
      East Packaging Holdings Limited

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