Joint Venture Termination Agreement between Wuhan Dongfeng Paper Mill Company and Orient Packaging Limited

Summary

Wuhan Dongfeng Paper Mill Company and Orient Packaging Limited have agreed to end their joint venture. Both parties have decided not to make any claims or seek damages from each other related to the termination. This agreement replaces all previous agreements and related documents signed after December 20, 1996. The termination is made according to the joint venture's Articles of Association and the original joint venture agreement.

EX-10.2 3 doc3.txt EXHIBIT 10.2 TERMINATION AGREEMENT [UNOFFICIAL TRANSLATION FOR INFORMATION ONLY] WUHAN DONG FENG PAPER COMPANY LIMITED JOINT VENTURERS' AGREEMENT OF JOINT VENTURE TERMINATION Party A : Wuban Dongfeng Paper Mill Company Party B : Orient Packaging Limited We, after detailed discussion, hereby mutually resolved and agreed to terminate the joint venture operation in accordance with Article 68(2) & (5) of the joint venture's Article of Association and relevant provisions in the joint venture agreement, and that we undertake not to pursue or claim against each other any damages, compensation and liabilities thereof. This agreement shall replace all agreements, letter of intent and other related letters or fax signed after 20 December 1996. Party A: Party B: Wuhan Dongfeng Paper Mill Company Orient Packaging Limited Representative: Representative: /s/Deng Xiong /s/Wu Wai Leung, Danny - -------------------- --------------------------- Deng Xiong Wu Wai Leung, Danny Manager Director Company sign and chop Company sign and chop