SHARE PLEDGE AGREEMENT Amendment
Amendment
This Amendment to Share Pledge Agreement (hereinafter “this Agreement”) is entered into in Baoding on the day of February 10, 2010 by the following parties:
Party A:Baoding Shengde Paper Co. Ltd(hereafter referred to as“Pledgee”)
Xxxxxxx:Xxxxxxxxxx Xxxx, Xxxxxx Xxxxxx, Xxxxx Xxxxxxxx, Xxxxx
Party B:(hereafter referred to as “Pledgor”)
Xxx Xxxxxxxx
ID:13062519630822311X
Address:Liuzhuang, Cuizhuang Town, Xushui County, Hebei Province
Zhao Shuangxi
ID:13242319640606005X
Address:Hujiaying, Liucun Town, Xushui County, Hebei Province
Xxx Xxxxxxxx
ID:132423197408117114
Address:#113, Xx 000, Xxxxxxxx Xxxxx Xxxxxx, Xxxxxx Xxxxxxxx, Xxxxxxx Xxxx, Xxxxx Province
Party C:Hebei Baoding Orient Paper Milling Co., Ltd
Address:Wuji Village, Xushui County,Hebei Province, China
The Parties have entered into Share Pledge Agreement on June 24th, 2009. The parties hereby agree to amend the Share Pledge Agreement as follows:
1. All references to “Loan Agreement” in Whereas Clause 4 and article 1.3 of the Share Pledge Agreement are hereby deleted.
2. Article 3.2 is hereby amended in its entirety to read as follows:
During the term of the Pledge, the Pledgee shall be entitled to dispose of the pledged
assets in accordance with this Agreement in the event that Pledgor or Hebei Baoding Orient Paper Milling Co., Ltd fails to pay exclusive technology consulting service fee in accordance with the Exclusive Technology and Business Consulting Services Agreement or fails to perform such Party’s other obligation under the Principal Agreement.
3. Article 8.4 is hereby amended by deleting the words “under the Loan Agreement” from the second line.
The Share Pledge Agreement, as amended hereby, shall remain in full force and effect.
[No text below]
[Signature Page]
Baoding Shengde Paper Co., Ltd
(seal)
Signature:/s/Xxx Xxxxxxxx
Name:Xxx Xxxxxxxx
Legal Representative/Authorized Representative
Xxx Xxxxxxxx
Signature:/s/Liu Xxxxxxxx
Xxxx Shuangxi
Signature:/s/Zhao Shuangxi
Xxx Xxxxxxxx
Signature:/s/Xxx Xxxxxxxx
Hebei Baoding Orient Paper Milling Co., Ltd
(seal)
Signature:/s/Xxx Xxxxxxxx
Name:Xxx Xxxxxxxx
Legal Representative/Authorized Representative
