Document:

MAKE GOOD SECURITIES ESCROW AGREEMENT

          THIS
MAKE GOOD SECURITIES ESCROW AGREEMENT (the “Make
Good Agreement”), dated as of October 7, 2009, is entered into by
and among Orient Paper, Inc., a Nevada corporation (the “Company”), the investors listed on the
Schedule of Buyers in the Securities Purchase Agreement dated October 7, 2009 (the “Buyers”), Zhenyong Liu
(the “Principal
Shareholder”) and Sichenzia Ross Friedman Ference LLP with an
address at 61 Broadway, 32nd Floor, New York, NY 10006 (the “Escrow Agent”).

          Capitalized
terms used but not defined herein shall have the meanings set forth in the
Securities Purchase Agreement (as defined below).

WITNESSETH:

          WHEREAS,
the Buyers will be purchasing from the Company and the Company will be selling
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”) pursuant to a Securities Purchase Agreement dated as
of the date hereof (the “Closing Date”)
by and among the Company and the Buyers (the “Securities
Purchase Agreement”);

          WHEREAS,
as an inducement to the Buyers to enter into the Securities Purchase Agreement,
the Principal Shareholder has agreed to place the Escrow Shares (as hereinafter
defined) into escrow for the benefit of the Buyers in the event the Company
fails to achieve the following financial performance thresholds for the
12-month periods ended December 31, 2009 (“2009”)
and December 31, 2020 (“2010”):

          (a)
In 2009, Net Income, as defined in accordance with United States generally
accepted accounting principles (“US GAAP”)
and reported by the Company in its audited financial statements for 2009 (the “2009 financial statements”) equals or
exceeds $10,000,000 (the “2009 Performance
Threshold”);

          (b)
In 2010, Net Income, as defined in accordance with US GAAP and reported by the
Company in its audited financial statements for 2010 (the “2010 financial statements”) exceeds
$18,000,000 (the “2009 Performance Threshold”);
and

          WHEREAS,
the Company, the Buyers and the Principal Shareholder have requested that the
Escrow Agent hold the Escrow Shares on the terms and conditions set forth in
this Agreement and the Escrow Agent has agreed to act as escrow agent pursuant
to the terms and conditions of this Agreement.

          NOW,
THEREFORE, in consideration of the covenants and mutual promises contained
herein and other good and valuable consideration, the receipt and legal
sufficiency of which are hereby acknowledged and intending to be legally bound
hereby, the parties agree as follows:

ARTICLE I

TERMS OF THE ESCROW

               1.1.
The parties hereby agree to establish an escrow account with the Escrow Agent
whereby the Escrow Agent shall hold the Escrow Shares as contemplated by this
Agreement.

               1.2.
Upon the execution of this Agreement, the Escrow Agent shall open a brokerage
account with JP Morgan Chase Bank, N.A. (the “Escrow Agent Custody Account”)
whereupon the Principal Shareholder shall deposit or cause to be deposited at least 3,000,000 shares of Common
Stock (“Escrow Shares”) into the
Escrow Agent Custody Account within seven (7) days thereof. The Escrow Agent
Custody Account shall be in the sole name of the Escrow Agent and only the
Escrow Agent shall have sole authority to transact the shares placed therein.
In the event that the Principal Shareholder deposits shares in excess of
3,000,000 shares of Common Stock into the Escrow Agent Custody Account, the
parties agree and hereby irrevocably authorize the Escrow Agent to transfer
such excess shares back to the Principal Shareholder’s brokerage account upon
instructions from the Principal Shareholder without requiring further
authorization or approval from the Company and the Buyers. For the avoidance of
any doubt, the Escrow Agent shall not be responsible for procuring the deposit
of Escrow Shares.

               All
parties agree to indemnify and hold harmless JPMorgan Chase Bank, N.A. and its
Affiliates, employees, and representatives from any and all claims,
liabilities, costs or expenses in any way arising from or relating to their
duties or performance as instructed by the Escrow Agent, other than those which
have resulted from the gross negligence, fraud or willful misconduct of JP
Morgan Chase Bank, N.A.

               1.3.
The Company will provide the Buyers with (i) the Company’s audited financial
statements for 2009, prepared in accordance with US GAAP, on or before March
31, 2010 and (ii) the Company’s audited financial statements for 2010, prepared
in accordance with US GAAP, on or before March 31, 2011, so as to allow the
Buyers the opportunity to evaluate whether the 2009 Performance Threshold and
the 2010 Performance Threshold were attained. In the event that any Buyer
receives the financial information prior to its dissemination by the Company in
either a press release or in the Company’s SEC Documents, the Company shall
issue a press release announcing the information or file a Form 8-K within one
trading day of a request by the Buyer to make such information public.

               1.4.
The parties hereby agree that the Escrow Shares shall be delivered to the Buyers
as set forth below:

          
(i) If Net Income for 2009 shall be at least ten per cent (10%) less than the
2009 Performance Threshold, then (x) the 2009 Escrow Shares (defined below)
shall be distributed on a pro rata basis to the Buyers based on the number of
shares of Common Stock purchased by each Buyer pursuant to the Securities
Purchase Agreement, and (y) within five (5)business days after March 31,
2010, the Company shall provide written instructions to the Escrow Agent
instructing the Escrow Agent to issue and deliver the 2009 Escrow Shares to
each Buyer on a pro rata basis based on the number 

2

of shares of
Common Stock purchased by that Buyer pursuant to the Securities Purchase
Agreement, and shall provide a copy of such instructions to each Buyer. “2009 Escrow Shares” shall be number of
Escrow Shares equivalent to the percentage by which the Company missed the 2009
Performance Threshold. For example, if the Company were to miss the 2009
Performance Threshold by 15%, the 2009 Escrow Shares shall comprise 450,000
shares of Common Stock. For the avoidance of any doubt, no 2009 Escrow Shares
shall be transferred to any Buyer in the event the Company misses the 2009
Performance Threshold by less than 10%.

          
(ii) If Net Income for 2010 shall be at least ten per cent (10%) less than the
2010 Performance Threshold, then (x) the 2010 Escrow Shares (defined below)
shall be distributed on a pro rata basis to the Buyers based on the number of
shares of Common Stock purchased by each Buyer pursuant to the Securities
Purchase Agreement, and (y) within five (5)business days after March 31,
2011, the Company shall provide written instructions to the Escrow Agent
instructing the Escrow Agent to issue and deliver the 2010 Escrow Shares to
each Buyer on a pro rata basis based on the number of shares of Common Stock
purchased by that Buyer pursuant to the Securities Purchase Agreement, and
shall provide a copy of such instructions to each Buyer. “2010 Escrow Shares” shall be the number of
Escrow Shares equivalent to the percentage by which the Company missed the 2010
Performance Threshold. For example, if the Company were to miss the 2010
Performance Threshold by 25%, the 2010 Escrow Shares shall comprise 750,000
shares of Common Stock. For the avoidance of any doubt, no 2010 Escrow Shares
shall be transferred to any Buyer in the event the Company misses the 2010
Performance Threshold by less than 10%.

               1.5 In the event 2009 Escrow
Shares are delivered to the Buyers, the Principal Shareholder shall forthwith
deposit in Escrow Agent Custody Account, such additional number of shares of
Common Stock so as to ensure that the Escrow Shares shall amount to at least
3,000,000 shares of Common Stock.

               1.6
The parties hereby agree that in determining the 2009 Performance Threshold and
the 2010 Performance Threshold, the parties shall not take into account
(and such amounts shall not be included in determining Net Income):

                    (i)
the offering and transactional costs associated with the Financing Transaction,
including without limitation, legal and audit costs, registration and filing
fees;

                    (ii)
losses the Company has suffered or reasonably calculated to have suffered as a
result of a force majeure event, which shall mean (i) acts of God (ii) outbreak
of hostilities, riots, civil disturbances, acts of terrorisms, (iii) the act of
any government or authority (including refusal or revocation of any license or
consent), (iv) fire, explosion, flood, or bad weather, (v) power failure,
failure of telecommunications lines, failure or breakdown of plant, machinery
or vehicles, (vi) default of suppliers or sub-contractors, (vii) theft,
malicious damage, strike, lock-out or industrial action of any kind and (vii)
any cause or circumstance whatsoever beyond the Company’s reasonable control; 

3

                    (iii)
any compensation expense incurred by the Company in connection with the release
of any Escrow Shares to the Principal Shareholder; 

                    (iv)
the effects of EITF 07-5; and

                    (v)
the costs and expense incurred by the Company in 2009 and incurred in 2019 in
establishing an employee stock option plan pursuant to Section 4(p) of the
Securities Purchase Agreement and granting stock options to its employees
thereunder.

               1.7
If the Company does not achieve either the 2009 Performance Threshold or the
2010 Performance Threshold, the Company shall use its commercially reasonable
efforts to promptly cause the 2009 Escrow Shares or the 2010 Escrow Shares, as
the case may be, to be delivered to the Buyers, including causing its transfer
agent promptly to issue the certificates in the names of the Buyers and causing
its securities counsel to provide any written instruction required by the
Escrow Agent in a timely manner so that the issuances and delivery contemplated
above can be achieved within ten (10) business days after March 31, 2010 or
March 31, 2011, as applicable. For the avoidance of any doubt, the Escrow Agent
shall not be responsible to procure written instructions from the Company to
transfer the 2009 Escrow Shares or the 2010 Escrow Shares to the Buyers.

               1.8
Upon the written instructions of the Company, the Escrow Agent shall deliver
the 2009 Escrow Shares and the 2010 Escrow Shares, as applicable, to each Buyer
or the Principal Shareholder, and shall be held harmless from any claim, loss
or expense regarding such delivery regardless of whether the other provisions
of this Make Good Securities Escrow Agreement are complied with or met.

               1.9
The Escrow Agent shall upon the delivery of 2009 Escrow Shares and 2010 Escrow
Shares to the Buyers, but in no event no later than April 15, 2011, return to
the Principal Shareholder any Escrow Shares not required to be delivered to the
Buyers pursuant to the terms hereof.

ARTICLE II

REPRESENTATIONS OF THE PRINCIPAL SHAREHOLDER

               2.
The Principal Shareholder hereby represents and warrants to the Buyers as
follows:

                    (i)
The Escrow Shares placed into escrow hereunder by the Principal Shareholder are
validly issued, fully paid and nonassessable shares of the Company. The
Principal Shareholder is the record and beneficial owner of the Escrow Shares
placed into escrow pursuant to this Agreement by the Principal Shareholder and
has good title to such Escrow Shares, free and clear of all pledges, liens,
claims and encumbrances, except encumbrances created by this Agreement. There
are no restrictions on the ability of the Principal Shareholder to transfer the
Escrow Shares placed into escrow pursuant to this Agreement by the Principal
Shareholder or to enter into this Agreement other than transfer restrictions
under the Lock-Up Agreement and/or applicable federal and state securities
laws. While any Escrow Shares remain in escrow, the Principal Shareholder will
not pledge any Escrow Shares and will not create or permit to be created or to
exist any lien, claim or encumbrance upon any Escrow Share. Upon any delivery
of Escrow Shares placed into escrow pursuant to this Agreement by the Principal
Shareholder to the Buyers hereunder, the Buyers will acquire good and valid
title to such Escrow Shares, free and clear of any pledges, liens, claims and
encumbrances.

4

                    (ii)
The performance of this Agreement and compliance with the provisions hereof
will not violate any provision of any law applicable to the Principal
Shareholder and will not conflict with or result in any breach of any of the
terms, conditions or provisions of, or constitute a default under, or result in
the creation or imposition of any lien, charge or encumbrance upon, any of the
properties or assets of the Principal Shareholder pursuant to the terms of the
certificate of incorporation or by-laws of the Company or any indenture,
mortgage, deed of trust or other agreement or instrument binding upon the
Principal Shareholder or affecting the Escrow Shares. No notice to, filing
with, or authorization, registration, consent or approval of any governmental authority
or other person is necessary for the execution, delivery or performance of this
Agreement or the consummation of the transactions contemplated hereby by the
Principal Shareholder.

ARTICLE III

MISCELLANEOUS

               3.1
The Company will pay Escrow Agent a total of $1,000 for all services rendered
by Escrow Agent hereunder.

               3.2
No waiver or any breach of any covenant or provision herein contained shall be
deemed a waiver of any preceding or succeeding breach thereof, or of any other
covenant or provision herein contained. No extension of time for performance of
any obligation or act shall be deemed an extension of the time for performance
of any other obligation or act.

               3.3
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 3.3), 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.

5

	
   

  	
   

  
	
  If to Escrow
  Agent:

  	
  Sichenzia
  Ross Friedman Ference LLP

  
	
   

  	
  61 Broadway,
  32nd Floor,

  
	
   

  	
  New York, NY
  10006

  
	
   

  	
  Attention:
  Gregory Sichenzia, Esq./Benjamin Tan, Esq.

  
	
   

  	
  Tel
  No.:212-930-9700

  
	
   

  	
  Fax No.:
  212-930-9725

  

If to the
Company or the Principal Shareholder:

	
   

  	
   

  	
   

  
	
   

  	
  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)
  312-860-5508

  
	
   

  	
  Fax: 

  	
  (86) 312-860-5530

  
	
   

  	
  Email: 

  	
  liu@orientalpapercorporation.com

  
	
   

  	
   

  	
   

  
	
  With a copy to:

  	
   

  
	
   

  	
   

  
	
   

  	
  Sichenzia
  Ross Friedman Ference LLP

  
	
   

  	
  61 Broadway,
  32nd Floor

  
	
   

  	
  New York, NY
  10006

  
	
   

  	
  Attention:
  Gregory Sichenzia, Esq./Benjamin Tan, Esq.

  
	
   

  	
  Tel. No.:
  (212) 930-9700

  
	
   

  	
  Fax No.:
  (212) 930-9725

  
	
   

  	
   

  
	
  If to the
  Buyers:

  	
  to each
  Buyer at the address and facsimile numbers set out below that Buyers
  signature

  

or to such
other address and to the attention of such other person as any of the above may
have furnished to the other parties in writing and delivered in accordance with
the provisions set forth above.

               3.4
This Escrow Agreement shall be binding upon and shall inure to the benefit of
the permitted successors and permitted assigns of the parties hereto.

               3.5
This Escrow Agreement is the final expression of, and contains
the entire agreement between, the parties with respect to the Escrow Shares,
and the subject matter hereof and supersedes all prior understandings with
respect to the Escrow Shares. This Escrow Agreement is one of a series of
agreements relating to the Financing Transaction, and the terms hereof shall
not relate to any aspect of the Financing Transaction other than the Escrow
Shares and the escrow hereby created. This Escrow Agreement may not be
modified, changed, supplemented or terminated, nor may any obligations
hereunder be waived, except by written instrument signed by the parties to be
charged or by its agent duly authorized in writing or as otherwise expressly
permitted herein.

6

               3.6
Whenever required by the context of this Escrow Agreement, the singular shall
include the plural and each gender shall include all other genders. This Escrow
Agreement shall not be construed as if it had been prepared by one of the
parties, but rather as if both parties had prepared the same. Unless otherwise
indicated, all references to Articles are to articles of this Escrow Agreement.

               3.7
The parties hereto expressly agree that this Escrow Agreement shall be governed
by, interpreted under and construed and enforced in accordance with the laws of
the State of New York, without regard to conflicts of law principles that would
result in the application of the substantive laws of another jurisdiction. Any
action to enforce, arising out of, or relating in any way to, any provisions of
this Escrow Agreement shall only be brought in a state or Federal court sitting
in New York City, Borough of Manhattan.

               3.8
The Escrow Agent’s duties hereunder may be altered, amended, modified or
revoked only by a writing signed by the Company, the Principal Shareholder,
each Buyer and the Escrow Agent.

               3.9
The Escrow Agent shall be obligated only for the performance of such duties as
are specifically set forth herein and may rely and shall be protected in
relying or refraining from acting on any instrument reasonably believed by the
Escrow Agent to be genuine and to have been signed or presented by the proper
party or parties. The Escrow Agent shall not be personally liable for any act
the Escrow Agent may do or omit to do hereunder as the Escrow Agent while
acting in good faith and in the absence of gross negligence, fraud and willful
misconduct, and any act done or omitted by the Escrow Agent pursuant to the
advice of the Escrow Agent’s attorneys-at-law shall be conclusive evidence of
such good faith, in the absence of gross negligence, fraud and willful
misconduct.

               3.10
The Escrow Agent is hereby expressly authorized to disregard any and all
warnings given by any of the parties hereto or by any other person or
corporation, excepting only orders or process of courts of law and is hereby
expressly authorized to comply with and obey orders, judgments or decrees of
any court. In case the Escrow Agent obeys or complies with any such order,
judgment or decree, the Escrow Agent shall not be liable to any of the parties
hereto or to any other person, firm or corporation by reason of such decree
being subsequently reversed, modified, annulled, set aside, vacated or found to
have been entered without jurisdiction.

               3.11
The Escrow Agent shall not be liable in any respect on account of the identity,
authorization or rights of the parties executing or delivering or purporting to
execute or deliver any documents or papers deposited or called for hereunder in
the absence of gross negligence, fraud and willful misconduct.

               3.12
The Escrow Agent shall be entitled to employ such legal counsel and other
experts as the Escrow Agent may deem necessary properly to advise the Escrow
Agent in connection with the Escrow Agent’s duties hereunder, may rely upon the
advice of such counsel, and may pay such counsel reasonable compensation
therefor which shall be paid by the Escrow Agent. The Escrow Agent has acted as legal
counsel for the Company and the Principal 

7

Shareholder and may
continue to act as legal counsel for the Company and the Principal Shareholder
from time to time, notwithstanding its duties as the Escrow Agent hereunder.
The Buyers consent to the Escrow Agent in such capacity as legal counsel for
the Company and the Principal Shareholder and waive any claim that such
representation represents a conflict of interest on the part of the Escrow
Agent. The Buyers understand that the Escrow Agent is relying explicitly on the
foregoing provision in entering into this Escrow Agreement.

               3.13
The Escrow Agent’s responsibilities as escrow agent hereunder shall terminate
if the Escrow Agent shall resign by giving written notice to the Company and
the Buyers. In the event of any such resignation, the Buyers and the Company
shall appoint a successor Escrow Agent and the Escrow Agent shall deliver to
such successor Escrow Agent any Escrow Shares and other documents held by the
Escrow Agent.

               3.14
If the Escrow Agent reasonably requires other or further instruments in
connection with this Escrow Agreement or obligations in respect hereto, the
necessary parties hereto shall join in furnishing such instruments.

               3.15
It is understood and agreed that should any dispute arise with respect to the
delivery and/or ownership or right of possession of the documents or the Escrow
Shares held by the Escrow Agent hereunder, the Escrow Agent is authorized and
directed in the Escrow Agent’s sole discretion (1) to retain in the Escrow
Agent’s possession without liability to anyone all or any part of said
documents or the Escrow Shares until such disputes shall have been settled
either by mutual written agreement of the parties concerned or by a final
order, decree or judgment or a court of competent jurisdiction after the time
for appeal has expired and no appeal has been perfected, but the Escrow Agent
shall be under no duty whatsoever to institute or defend any such proceedings
or (2) to deliver the Escrow Shares and any other property and documents held
by the Escrow Agent hereunder to a state or Federal court having competent
subject matter jurisdiction and located in the City of New York, Borough of
Manhattan, in accordance with the applicable procedure therefor.

               3.16
The Company agrees to indemnify and hold harmless the Escrow Agent and its
partners, employees, agents and representatives from any and all claims,
liabilities, costs or expenses in any way arising from or relating to the
duties or performance of the Escrow Agent hereunder or the transactions
contemplated hereby or by the Securities Purchase Agreement other than any such
claim, liability, cost or expense to the extent the same shall have been
determined by final, unappealable judgment of a court of competent jurisdiction
to have resulted from the gross negligence, fraud or willful misconduct of the
Escrow Agent.

[Signature
Page Follows]

8

[SIGNATURE PAGE TO SECURITIES ESCROW
AGREEMENT]

          IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of this 7th
day of October, 2009.

	
   

  	
   

  	
   

  
	
   

  	
  ORIENT PAPER, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Zhenyong
  Liu

  
	
   

  	
   

  	 

  
	
   

  	
   

  	
  Name:
  Zhenyong Liu

  
	
   

  	
   

  	
  Title: Chief
  Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  ESCROW AGENT:

  
	
   

  	
   

  
	
   

  	
  Sichenzia Ross Friedman Ference LLP

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Gregory Sichenzia

  
	
   

  	
   

  	 

  
	
   

  	
   

  	
  Name:
  Gregory Sichenzia

  
	
   

  	
   

  	
  Title:
  Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  PRINCIPAL SHAREHOLDER:

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Zhenyong Liu

  
	
   

  	
   

  	 

  
	
   

  	
   

  	
  Name:
  Zhenyong Liu

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
  BUYER:

  
	
   

  	
   

  
	
   

  	
  ACCESS AMERICA FUND, LP

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Christopher Efird

  
	
   

  	
   

  	 

  
	
   

  	
   

  	
  Name:
  Christopher Efird

  
	
   

  	
   

  	
  Title:
  President

  

9

	
   

  	
   

  	
   

  
	
   

  	
  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:

  
	
   

  	
   

  
	
   

  	
  STEVE MAZUR

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Steve
  Mazur

  
	
   

  	
   

  	 

  
	
   

  	
   

  	
  Name: Steve
  Mazur

  
	
   

  	
   

  	
  Title: 

  

10ESCROW AGREEMENT

          This
Escrow Agreement, dated as of October 7, 2009 (this “Escrow Agreement”), is entered into 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”), the investors listed on the
Schedule of Buyers in the Securities Purchase Agreement dated October 7, 2009
(the “Buyers”), Zhenyong Liu (the
“Principal Shareholder”) and
Sichenzia Ross Friedman Ference LLP with an address at 61 Broadway, 32nd
Floor, New York, NY 10006 (the “Escrow Agent”).

          Capitalized
terms used but not defined herein shall have the meanings set forth in the
Securities Purchase Agreement (as defined below).

WITNESSETH:

          WHEREAS,
the Buyers will be purchasing from the Company and the Company will be selling
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”) pursuant to a Securities Purchase Agreement dated of
the date hereof (the “Closing Date”)
by and among the Company and the Buyers (the “Securities
Purchase Agreement”);

          WHEREAS,
the Company and the Buyers desire to deposit all proceeds received from the
Buyers in the Financing Transaction (the “Escrowed
Funds”) with the Escrow Agent, to be held and disbursed by the
Escrow Agent pursuant to this Agreement; and

          WHEREAS,
Escrow Agent is willing to hold the Escrowed Funds in escrow subject to the
terms and conditions of this Agreement.

          NOW,
THEREFORE, in consideration of the mutual promises herein contained and intending
to be legally bound, the parties hereby agree as follows:

          1.
Appointment of Escrow Agent. The Company and each Buyer hereby appoint
Escrow Agent as escrow agent in accordance with the terms and conditions set
forth herein and the Escrow Agent hereby accepts such appointment.

          2.
Delivery of the Escrowed Funds.

               a.
The Company will direct each Buyer to deliver the Escrowed Funds to the Escrow
Agent as follows:

	
 

	
 

	
 

	
 

	
Citibank

	
 

	
 

	
New York, NY 

	
 

	
A/C of Sichenzia Ross Friedman Ference LLP

	
 

	
A/C#:

	
92883436

	
 

	
ABA#:

	
021000089

	
 

	
SWIFT Code:

	
CITIUS33

	
 

	
REMARK:
  [COMPANY NAME/BUYER NAME]

1

               b.
The Escrowed Funds shall be forwarded to the Escrow Agent by wire transfer,
together with the written account of subscription (the “Subscription”) in the form attached hereto
as Exhibit B (the “Subscription
Information”). The Escrowed Funds to be wired shall be wired to the
account set forth in Section 2(a) above and the Subscription shall be faxed or
emailed to the Escrow Agent in accordance with the information provided on Exhibit
A.

               c.
Simultaneously with each deposit, each Buyer shall provide the Escrow Agent
with the Subscription Information, including the name, address and taxpayer
identification number of each Buyer and of the aggregate principal amount of
shares of Common Stock and attached warrants subscribed for by such Buyer.

               d.
In the event a wire transfer is received by the Escrow Agent and the Escrow
Agent has not received Subscription Information, the Escrow Agent shall notify
the Buyer. If the Escrow Agent does not receive the Subscription Information by
such Buyer prior to close of business on the fifth (5th) business
day (days other than a Saturday or Sunday or other day on which the Escrow
Agent is not open for business in the State of New York) after notifying the
Buyer of receipt of said wire, the Escrow Agent shall return the funds to the
Buyer.

          3.
Escrow Agent to Hold and Disburse Escrowed Funds. The Escrow Agent will hold
and disburse the Escrowed Funds received by it pursuant to the terms of this
Agreement, as follows:

               a.
Prior to any disbursement of the Escrowed Funds, the Escrow Agent shall
allocate a portion of the Escrowed Funds and hold such portion in a separate
escrow account to pay the fees and expenses in connection with investor
relations and financial communications in the aggregate amount of $300,000 (the
“Public Relations Held-Back Escrowed Portion”).
Additionally, the Escrow Agent shall allocate and hold $2,000,000 of the
Escrowed Funds until the Company shall have identified and engaged such number
of additional independent director(s) acceptable to the representative of the
Buyers (“Representative”)
so that its board of directors shall comprise a majority of the board of
directors (the “Director Held-Back Escrowed
Portion”). 

                    Unless
otherwise specified herein, the term “Escrowed Funds” shall include the
aggregate amount of the Public Relations Held-Back Escrowed Portion and
Director Held-Back Escrowed Portion. 

               b.
At such time that Five Million Dollars ($5,000,000) is deposited and upon
receipt of joint instructions from the Company and the Representative, in
substantially the forms of Exhibit C hereto, following the consummation
of the Financing Transaction, the Escrow Agent shall release the Escrowed
Funds, less the Public Relations Held-Back Escrowed Portion and the Director
Held-Back Escrowed Portion, to the Company. Thereafter, the Escrow Agent shall disburse
the Public Relations Held-Back Escrowed Portion, from time to time, and the
Director Held-Back Escrowed Portion upon receiving the joint instructions from
the Company and the Representative substantially the form of Exhibit C
hereto. Access America Investments, LLC is hereby appointed the representative
of the Buyers for purposes of this paragraph 3(b). 

2

               c.
In the event this Agreement, the Escrowed Funds, or the Escrow Agent becomes
the subject of litigation, or if the Escrow Agent shall desire to do so for any
other reason, each of the Company and the Buyers authorizes the Escrow Agent,
at its option, to deposit the Escrowed Funds (including the Public Relations
Held-Back Escrowed Portion and the Director Held-Back Escrow Portion) with the
clerk of the court in which the litigation is pending, or a court of competent
jurisdiction if no litigation is pending, and thereupon the Escrow Agent shall
be fully relieved and discharged of any further responsibility with regard
thereto. Each of the Company, and the Buyers further authorizes the Escrow
Agent, if it receives conflicting claims to any of the Escrowed Funds, is
threatened with litigation or if the Escrow Agent shall desire to do so for any
other reason, to interplead all interested parties in any court of competent
jurisdiction and to deposit the Escrowed Funds (including the Public Relations
Held-Back Escrowed Portion and the Director Held-Back Escrowed Portion) with
the clerk of that court and thereupon the Escrow Agent shall be fully relieved
and discharged of any further responsibility hereunder to the parties from
which they were received.

          4.
Exculpation and Indemnification of Escrow Agent.

               a.
The Escrow Agent shall have no duties or responsibilities other than those
expressly set forth herein. The Escrow Agent shall have no duty to enforce any
obligation of any person to make any payment or delivery, or to direct or cause
any payment or delivery to be made, or to enforce any obligation of any person
to perform any other act. The Escrow Agent shall be under no liability to the
other parties hereto or anyone else, by reason of any failure, on the part of
any party hereto or any maker, guarantor, endorser or other signatory of a
document or any other person, to perform such person’s obligations under any
such document. Except for amendments to this Agreement referenced below, and
except for written instructions given to the Escrow Agent by the Company and
the Buyers relating to the Escrowed Funds, the Escrow Agent shall not be
obligated to recognize any agreement between or among any of the Company and
the Buyers, notwithstanding that references hereto may be made herein and
whether or not it has knowledge thereof.

               b.
The Escrow Agent shall not be liable to the Company, any Buyers or to anyone
else for any action taken or omitted by it, or any action suffered by it to be
taken or omitted, in good faith and acting upon any order, notice, demand,
certificate, opinion or advice of counsel (including counsel chosen by the
Escrow Agent), statement, instrument, report, or other paper or document (not
only as to its due execution and the validity and effectiveness of its
provisions, but also as to the truth and acceptability of any information
therein contained), which is believed by the Escrow Agent to be genuine and to
be signed or presented by the proper person or persons. The Escrow Agent shall
not be bound by any of the terms thereof, unless evidenced by written notice
delivered to the Escrow Agent signed by the proper party or parties and, if the
duties or rights of the Escrow Agent are affected, unless it shall give its
prior written consent thereto.

3

               c.
The Escrow Agent shall not be responsible for the sufficiency or accuracy of the
form, or of the execution, validity, value or genuineness of, any document or
property received, held or delivered to it hereunder, or of any signature or
endorsement thereon, or for any lack of endorsement thereon, or for any
description therein; nor shall the Escrow Agent be responsible or liable to the
Company, any Buyer or to anyone else in any respect on account of the identity,
authority or rights, of the person executing or delivering or purporting to
execute or deliver any document or property or this Agreement. The Escrow Agent
shall have no responsibility with respect to the use or application of the
Escrowed Funds pursuant to the provisions hereof.

               d.
The Escrow Agent shall have the right to assume, in the absence of written notice
to the contrary from the proper person or persons, that a fact or an event, by
reason of which an action would or might be taken by the Escrow Agent, does not
exist or has not occurred, without incurring liability to the Company, any
Buyer or to anyone else for any action taken or omitted to be taken or omitted,
in good faith and in the exercise of its own best judgment, in reliance upon
such assumption.

               e.
To the extent that the Escrow Agent becomes liable for the payment of taxes,
including withholding taxes, in respect of income derived from the investment
of the Escrowed Funds, or any payment made hereunder, the Escrow Agent may pay
such taxes; and the Escrow Agent may withhold from any payment of the Escrowed
Funds (including the Public Relations Held-Back Escrowed Portion and Director
Held-Back Escrowed Portion) such amount as the Escrow Agent estimates to be
sufficient to provide for the payment of such taxes not yet paid, and may use
the sum withheld for that purpose. The Escrow Agent shall be indemnified and
held harmless against any liability for taxes and for any penalties in respect
of taxes, on such investment income or payments in the manner provided in
Section 4(f).

               f.
The Escrow Agent will be indemnified and held harmless by the Company from and
against all expenses, including all counsel fees and disbursements, or loss
suffered by the Escrow Agent in connection with any action, suit or proceedings
involving any claim, or in connection with any claim or demand, which in any
way, directly or indirectly, arises out of or relates to this Agreement, or the
services of the Escrow Agent hereunder, except for claims relating to gross
negligence by Escrow Agent or breach of this Agreement by the Escrow Agent, or
the monies or other property held by it hereunder. Promptly after the receipt
by the Escrow Agent of notice of any demand or claim or the commencement of any
action, suit or proceeding, the Escrow Agent shall, if a claim in respect
thereof is to be made against the Company, notify each of them thereof in
writing, but the failure by the Escrow Agent to give such notice shall not
relieve any such party from any liability which the Company may have to the
Escrow Agent hereunder. Notwithstanding any obligation to make payments and
deliveries hereunder, the Escrow Agent may retain and hold for such time as it
deems necessary such amount of monies or property as it shall, from time to
time, in its sole discretion, deem sufficient to indemnify itself for any such
loss or expense and for any amounts due it under Section 7.

4

               g.
For purposes hereof, the term “expense or loss” shall include all amounts paid
or payable to satisfy any claim, demand or liability, or in settlement of any
claim, demand, action, suit or proceeding settled with the express written
consent of the Escrow Agent, and all costs and expenses, including, but not
limited to, counsel fees and disbursements, paid or incurred in investigating
or defending against any such claim, demand, action, suit or proceeding.

          5.
Termination of Agreement and Resignation of Escrow Agent

               a.
This Agreement shall terminate upon disbursement of all of the Escrowed Funds,
provided that the rights of the Escrow Agent and the obligations of the Company
and the Buyers under Section 4 shall survive the termination hereof.
Notwithstanding the foregoing, in the event that the Escrow Agent does not
receive any instructions with respect to the disbursement of any remaining
Escrowed Funds by October 7, 2010, this Agreement shall terminate as of such
date and all Escrowed Funds shall be returned to the Buyers pro rata in
proportion to the numbers of shares of Common Stock purchased by each without
interest thereon or deduction therefrom, except as permitted by paragraph 7
hereof.

               b.
The Escrow Agent may resign at any time and be discharged from its duties as
Escrow Agent hereunder by giving the Company and the Buyers at least five (5)
business days written notice thereof (the “Notice
Period”). As soon as practicable after its resignation, the Escrow
Agent shall, if it receives notice from the Company and Buyers within the
Notice Period, turn over to a successor escrow agent appointed by the Company
and Buyers all Escrowed Funds (less such amount as the Escrow Agent is entitled
to retain pursuant to Section 7) upon presentation of the document appointing
the new escrow agent and its acceptance thereof. If no new agent is so
appointed within the Notice Period, the Escrow Agent shall return the Escrowed
Funds to the parties from which they were received without interest or
deduction.

          6.
Form of Payments by Escrow Agent

               a.
Any payments of the Escrowed Funds, Public Relations Held-Back Escrowed Portion
or Director Held-Back Escrow Portion by the Escrow Agent pursuant to the terms
of this Agreement shall be made by wire transfer unless directed to be made by
check by the Escrowing Parties.

               b.
All amounts referred to herein are expressed in United States Dollars and all
payments by the Escrow Agent shall be made in such dollars.

          7.
Compensation. Escrow Agent shall be entitled to the following
compensation from the Company:

               a.
Documentation Fee: The Company shall pay a documentation fee to the
Escrow Agent of $2,000 which shall be payable upon release of the Escrowed
Funds.

5

               b.
Fees: The Company shall pay a fee of $500 to the Escrow Agent at the
Closing of the Financing Transaction. In addition, the Company shall pay a processing
fee of $500 to the Escrow Agent for each disbursement made subsequent to the
Closing from the Public Relations Held-Back Escrowed Portion and the Director
Held-Back Escrowed Portion.

               c.
Interest: The Escrowed Funds, Public Relations Held-Back Escrowed
Portion and Director Held-Back Escrowed Portion shall be held in separate
non-interest bearing escrow accounts.

          8.
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 8), 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 addresses or facsimile numbers as applicable set forth on Exhibit
A hereto.

          9.
Further Assurances. From time to time on and after the date hereof, the
Company, and each of the Buyers, if applicable, shall deliver or cause to be
delivered to the Escrow Agent such further documents and instruments and shall
do and cause to be done such further acts as the Escrow Agent shall reasonably
request (it being understood that the Escrow Agent shall have no obligation to
make any such request) to carry out more effectively the provisions and
purposes of this Agreement, to evidence compliance herewith or to assure itself
that it is protected in acting hereunder.

          10.
Consent to Service of Process. The Company and each Buyer hereby
irrevocably consent to the jurisdiction of the courts of the State of New York
and of any Federal court located in such state in connection with any action,
suit or proceedings arising out of or relating to this Agreement or any action
taken or omitted hereunder, and waives personal service of any summons,
complaint or other process and agrees that the service thereof may be made by
certified or registered mail directed to it at the address listed on Exhibit
A hereto.

6

          11.
Miscellaneous.

               a.
This Agreement shall be construed without regard to any presumption or other
rule requiring construction against the party causing such instrument to be
drafted. The terms “hereby,” “hereof,” “hereunder,” and any similar terms, as
used in this Agreement, refer to the Escrow Agreement in its entirety and not
only to the particular portion of this Agreement where the term is used. The
word “person” shall mean any natural person, partnership, corporation,
government and any other form of business of legal entity. All words or terms
used in this Agreement, regardless of the number or gender in which they were
used, shall be deemed to include any other number and any other gender as the
context may require. This Agreement shall not be admissible in evidence to
construe the provisions of any prior agreement.

               b.
This Agreement and the rights and obligations hereunder of the Company and each
Buyer may not be assigned. This Agreement and the rights and obligations
hereunder of the Escrow Agent may be assigned by the Escrow Agent, with the
prior consent of the Company. This Agreement shall be binding upon and inure to
the benefit of the respective successors, heirs and permitted assigns of each
of the Company, the Escrow Agent, the Principal Shareholder and each Buyer. No
other person shall acquire or have any rights under or by virtue of this
Agreement. This Agreement may not be changed orally or modified, amended or
supplemented without an express written agreement executed by the Escrow Agent,
the Company and Buyers purchasing not less than seventy-five percent (75%) of
the Common Stock. This Agreement is intended to be for the sole benefit of the
parties hereto and their respective successors, heirs and permitted assigns,
and none of the provisions of this Agreement are intended to be, nor shall they
be construed to be, for the benefit of any third person.

               c.
The Escrow Agent shall be entitled to employ such legal counsel and other
experts as the Escrow Agent may deem necessary properly to advise the Escrow
Agent in connection with the Escrow Agent’s duties hereunder, may rely upon the
advice of such counsel, and may pay such counsel reasonable compensation
therefor which shall be paid by the Escrow Agent. The Escrow Agent has acted as legal counsel for the Company and may
continue to act as legal counsel for the Company from time to time,
notwithstanding its duties as the Escrow Agent hereunder. The Company and the
Buyers consent to the Escrow Agent in such capacity as legal counsel for the
Company and waive any claim that such representation represents a conflict of
interest on the part of the Escrow Agent. The Company and the Buyers understand
that the Escrow Agent is relying explicitly on the foregoing provision in
entering into this Escrow Agreement.

               d.
This Agreement shall be governed by, and construed in accordance with, the
internal laws of the State of New York. The representations and warranties
contained in this Agreement shall survive the execution and delivery hereof and
any investigations made by any party. The headings in this Agreement are for
purposes of reference only and shall not limit or otherwise affect any of the
terms thereof.

7

          12.
Execution of Counterparts. This Agreement may be executed in a number of
counterparts, by facsimile, each of which shall be deemed to be an original as
of those whose signature appears thereon, and all of which shall together
constitute one and the same instrument. This Agreement shall become binding
when one or more of the counterparts hereof, individually or taken together,
are signed by all the parties.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

8

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

	
 

	
 

	
 

	
 

	
ORIENT PAPER, INC.

	
 

	
 

	
 

	
 

	
By:

	
/s/ Zhenyong
  Liu

	
 

	
 

	 

	
 

	
 

	
Name:
  Zhenyong Liu

	
 

	
 

	
Title: Chief
  Executive Officer

	
 

	
 

	
 

	
 

	
ESCROW AGENT:

	
 

	
 

	
 

	
 

	
Sichenzia Ross Friedman Ference LLP

	
 

	
 

	
 

	
 

	
By:

	
/s/ Gregory
  Sichenzia

	
 

	
 

	 

	
 

	
 

	
Name:
  Gregory Sichenzia

	
 

	
 

	
Title:
  Partner

	
 

	
 

	
 

	
 

	
PRINCIPAL SHAREHOLDER

	
 

	
 

	
 

	
 

	
By:

	
/s/ Zhenyong
  Liu

	
 

	
 

	 

	
 

	
 

	
Name:
  Zhenyong Liu

	
 

	
 

	
 

	
 

	
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

9

	
 

	
 

	
 

	
 

	
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:

	
 

	
 

	
 

	
 

	
STEVE MAZUR

	
 

	
 

	
 

	
 

	
By:

	
/s/ Steve
  Mazur

	
 

	
 

	 

	
 

	
 

	
Name: Steve
  Mazur

	
 

	
 

	
Title: 

10

EXHIBIT
A

PARTIES TO AGREEMENT

	
 

	
Orient Paper, Inc.

	
Nansan Gongli, Nanhuan Rd, Xushui County, Baoding City

	
Hebei Province, The People’s Republic of China 072550

	
Attention: Zhenyong Liu

	
Tel. No.
  (86) 312-8605508

	
Fax No. (86) 312-8605530
  

	
 

	
Sichenzia Ross Friedman Ference LLP

	
61 Broadway,
  32nd Floor,

	
New York,
  New York 10006

	
Attention:
  Benjamin A. Tan, Esq.

	
Tel No.:
  (212) 930- 9700

	
Fax No.:
  (212) 930-9725

	
 

	
Zhenyong Liu

	
c/o Orient
  Paper, Inc.

	
Nansan
  Gongli, Nanhuan Rd, Xushui County, Baoding City

	
Hebei
  Province, The People’s Republic of China 072550

	
Tel. No.
  (86) 312-8605508

	
Fax No. (86) 312-8605530
  

	
 

	
Buyers

	
 

	
Access America Fund, LP

	
1800 West Loop, Suite 485,

	
Houston, TX 77027

	
Tel: 713-600-8888 x 206

	
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

	
 

	
RENN Global
  Entrepreneurs Fund, Inc.

	
8080 N.
  Central Expressway, Suite 210, LB-59

	
Dallas, TX
  75206

	
Fax:
  214-891-8291

	
 

	
Premier RENN
  Entrepreneurial Fund Limited

	
8080 N.
  Central Expressway, Suite 210, LB-59

	
Dallas, TX
  75206

	
Fax:
  214-891-8291

	
 

	
Pope
  Investments II, LLC

	
5100 Poplar
  Avenue Suite 805, Memphis, TN 38137

	
Fax:
  901-763-4229

	
 

	
Steve Mazur

	
66 Glenbrook
  Road - 2121

	
Stamford,
  Connecticut 06902

	
Fax:

11

EXHIBIT B

SUBSCRIPTION INFORMATION

	
Name of
  Buyer

	
 

	
__________________________________________________

	
 

	
 

	
 

	
Address of
  Buyer

	
 

	
__________________________________________________

	
 

	
 

	
 

	
Amount of
  Shares and Warrants

	
 

	
__________________________________________________

	
 

	
 

	
 

	
Subscribed
  (US$)

	
 

	
__________________________________________________

	
 

	
 

	
 

	
Subscription
  Amount 

  Submitted Herewith

	
 

	
__________________________________________________

	
 

	
 

	
 

	
Taxpayer ID
  Number/

  Social Security Number

	
 

	
__________________________________________________

12

EXHIBIT C

DISBURSEMENT REQUEST

          Pursuant
to that certain Escrow Agreement dated effective as of October 7 , 2009, among
Orient Paper, Inc., Zhenyong Liu, the Buyers, and Sichenzia Ross Friedman
Ference LLP, as Escrow Agent, the Escrowing Parties hereby request disbursement
of funds in the amount and manner described below from account number
_____________, styled ____________________________ Escrow Account.

	
 

	
 

	
 

	
 

	
Please
  disburse to:

	
________________________________

	
 

	
 

	
 

	
 

	
Amount to
  disburse:

	
________________________________

	
 

	
 

	
 

	
 

	
Form of
  distribution:

	
________________________________

	
 

	
 

	
 

	
 

	
Payee:

	
 

	
 

	
                    Name:

	
________________________________

	
 

	
                    Address:

	
________________________________

	
 

	
                    City/State:

	
________________________________

	
 

	
                    Zip:

	
________________________________

	
 

	
 

	
 

	
 

	
Please
  disburse to:

	
________________________________

	
 

	
 

	
 

	
 

	
Amount to
  disburse:

	
________________________________

	
 

	
 

	
 

	
 

	
Form of
  distribution:

	
________________________________

	
 

	
 

	
 

	
 

	
Payee:

	
 

	
 

	
                    Name:

	
________________________________

	
 

	
                    Address:

	
________________________________

	
 

	
                    City/State:

	
________________________________

	
 

	
                    Zip:

	
________________________________

	
 

	
 

	
 

	
 

	
Subscriptions
  Accepted From

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Buyer

	
 

	
Amount

	
 

	
 

	
 

	
 

	
 

	
___________________________

	
 

	
__________________________

	
 

	
 

	
 

	
 

	
 

	
___________________________

	
 

	
__________________________

	
 

	
 

	
 

	
 

	
 

	
___________________________

	
 

	
__________________________

	
 

	
 

	
 

	
 

	
 

	
___________________________

	
 

	
__________________________

	
 

	
 

	
 

	
 

	
 

	
                       Total:

	
 

	
__________________________

	
 

	
 

	
 

	
 

	
 

	
Statement of
  event or condition which calls for this request for disbursement:

	
 

	
 

	
 

	
_______________________________________________________________

	
 

	
 

	
 

	
_______________________________________________________________

13

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Orient
  Paper, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
Date:
  _________________________

	
 

	
By: 

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Name:

	
 

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Access
  America Investments, LLC

	
 

	
 

	
 

	
 

	
 

	
 

	
Date:
  _________________________

	
 

	
By: 

	
 

	
 

	
 

	
 

	
 

	 

	
 

	
 

	
 

	
Name:

	
 

	
 

	
 

	
Title: 

14

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