Call Option Agreement Amendment

Call Option Agreement

Amendment

This Amendment (the “Agreement”) is made by the following parties in Baoding, the People’s Republic of China (“China”) ,on February 10, 2010.

ID:13062519630822311X

Address:Liuzhuang, Cuizhuang Town, Xushui County, Baoding City, China (“Party A”)

ID:13242319640606005X

Address:Hujiaying, Liucun Town, Xushui County, Baoding City, China (“Party B”)

ID:132423197408117114

Address:#113, No 268, Chaoyang South Avenue, Xinshi District, Baoding City, China (“Party C”)

AND

4. Hebei Baoding Orient Paper Milling Co., Ltd, a liability limited company incorporated in Baoding whose registered offices are located at Wuji Village, Xushui County,Hebei Province, China (“Orient Paper”)

5. Baoding Shengde Paper Co., Ltd, a liability limited company incorporated in Nanwaihuan Road, Xushui County, Hebei Province, China (“Shengde Paper”)

Orient Paper, Shengde Paper, Party A, Party B and Party C are hereinafter collectively referred to as the “PARTIES” and individually as a “PARTY”)

The Parties have entered into Call Option Agreement on June 24^th, 2009. Due to a clerical error, Shengde Paper was left out as a party and signatory to the Call Option Agreement. The parties hereby agree to amend the Call Option Agreement by (i) including Shengde Paper as a Party and signatory, and (ii) deleting the definition “Loan Agreement” from article 1 of the Call Option Agreement.

The Call Option Agreement, as amended hereby, shall remain in full force and effect.

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