<SEC-DOCUMENT>0001144204-13-044770.txt : 20130812
<SEC-HEADER>0001144204-13-044770.hdr.sgml : 20130812
<ACCEPTANCE-DATETIME>20130812170010
ACCESSION NUMBER:		0001144204-13-044770
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20130809
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20130812
DATE AS OF CHANGE:		20130812

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Orient Paper Inc.
		CENTRAL INDEX KEY:			0001358190
		STANDARD INDUSTRIAL CLASSIFICATION:	CONVERTED PAPER & PAPERBOARD PRODS (NO CONTAINERS/BOXES) [2670]
		IRS NUMBER:				204158835
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34577
		FILM NUMBER:		131030345

	BUSINESS ADDRESS:	
		STREET 1:		SCIENCE PARK, JULI ROAD
		STREET 2:		XUSHUI COUNTY, BAODING CITY
		CITY:			HEBEI PROVINCE,
		STATE:			F4
		ZIP:			072550
		BUSINESS PHONE:		(86) 312-8698215

	MAIL ADDRESS:	
		STREET 1:		SCIENCE PARK, JULI ROAD
		STREET 2:		XUSHUI COUNTY, BAODING CITY
		CITY:			HEBEI PROVINCE,
		STATE:			F4
		ZIP:			072550

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CARLATERAL, INC.
		DATE OF NAME CHANGE:	20060403
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v352636_8k.htm
<DESCRIPTION>8-K
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: white"><B>UNITED
STATES </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: white"><B>SECURITIES
AND EXCHANGE COMMISSION </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: white"><B>Washington,
DC &nbsp;20549 </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: white"><B>FORM
8-K </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: white">CURRENT
REPORT</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: white">Pursuant
to Section 13 or 15(d) of the</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: white">Securities
Exchange Act of 1934</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: white">Date
of report (Date of earliest event reported): August 9, 2013</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: white"><B>ORIENT
PAPER, INC. </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: white">(Exact
Name of Registrant as Specified in Charter)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="width: 33%; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black; background-color: white"><B>Nevada</B></FONT></TD>
    <TD STYLE="width: 34%; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black; background-color: white"><B>001-34577</B></FONT></TD>
    <TD STYLE="width: 33%; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black; background-color: white"><B>20-4158835</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black; background-color: white">(State or Other Jurisdiction</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black; background-color: white">(Commission File Number)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black; background-color: white">(IRS Employer</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black; background-color: white">of Incorporation)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black; background-color: white">Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="width: 100%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: white"><B>Science
        Park, Juli Road </B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: white"><B>Xushui
        County, Baoding City </B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: white"><B>Hebei
        Province, People&rsquo;s Republic of China 072550 </B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black; background-color: white">(Address of Principal Executive Offices)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: white">Registrant&rsquo;s
telephone number, including area code: &nbsp;<B> (86) 312-8698215 </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425) </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12) </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b)) </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c)) </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black; background-color: white"><B>Item
                            1.01</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black; background-color: white"><B>Entry
into a Material Definitive Agreement</B></FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="background-color: white"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white">On
August 9, 2013, Orient Paper, Inc. (the </FONT><FONT STYLE="background-color: white">&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">Company</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">
) entered into certain agreements with Hebei Fangsheng Real Estate Development Co. Ltd.(</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">Hebei
Fangsheng</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">) for the sale of (i) the land use rights for the
site of its headquarters compound located on Juli Road in Xushui County, Hebei Province and (ii) the office building and all industrial-use
buildings (the </FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">Industrial Buildings</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">)
and three employee dormitories (the </FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">Dormitories</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">)
located on the site to Hebei Fangsheng . These agreements consist of (i) a Land Use Right Transfer Agreement and (ii) a Buildings
Sale Agreement<B> </B>(collectively, the </FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">Agreements</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">).
The sale of these assets by the Company to Hebei Fangsheng is referred to herein as the </FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">Transaction.</FONT>&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">The Company has entered
into the Transaction in order to comply with a new urban development plan adopted by the local government in 2012, which covers
properties occupied by several entities, including the Company, that had previously been zoned for industrial use. Under this new
urban development plan, these properties were re-zoned for residential use and these entities, including the Company, are required
to cease operations on their current locations. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">Under the Agreements,
the Company has agreed to transfer or sell to Hebei Fangsheng (i) the land use right for the site of its headquarter compound for
approximately $2.79 million, (ii) the Industrial Buildings for approximately $1.15 million and (iii) the Dormitories for approximately
$4.29 million. As part of the Transaction, Hebei Fangsheng has agreed to lease the Industrial Buildings back to Orient Paper at
an annual rental of RMB1 million, or approximately $162,000, for a term of up to three years, while the Company prepares to relocate
its offices and the digital photo paper operations currently located in the headquarters compound.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white">Hebei
Fangsheng is a qualified real estate development company in China and is 100% owned by Mr. Zhenyong Liu, Chairman and Chief Executive
Officer of Orient Paper, and his family. The Transaction was conducted on an arms-length basis, and was reviewed by the Company</FONT><FONT STYLE="background-color: white">&rsquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">s
Audit Committee and approved by the Company</FONT>&rsquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">s uninterested
directors.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">The foregoing descriptions
of the Land Use Right Transfer Agreement and the Buildings Sale Agreement are qualified in their entirety by reference to the complete
text of each, which are attached as Exhibit 10.1 and 10.2, respectively, to this Current Report on Form 8-K and are incorporated
herein by reference.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><FONT STYLE="background-color: white"><B>Item 2.03.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: white"><B>Completion of
Acquisition or Disposition of Assets</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">The information contained
in Item 1.01 above regarding the Transaction is hereby incorporated by reference.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><FONT STYLE="background-color: white"><B>Item 8.01</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="background-color: white"><B>Other Events</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">On August 12, 2013, the
Company announced its Board of Directors has approved the Transaction and the Company&rsquo;s entering into the Agreements described
in Item 1.01 above. The public announcement was made by means of a news release, the text of which is set forth in Exhibit 99.1
hereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;<FONT STYLE="background-color: white">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black; background-color: white"><B>Item
                            9.01</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black; background-color: white"><B>Financial
Statements and Exhibits</B></FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">(d)&nbsp;Exhibits.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 14%; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">Exhibit 10.1</FONT></TD>
    <TD STYLE="width: 86%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Land Use Right Transfer Agreement, dated as of August 9, 2013,
        between <FONT STYLE="background-color: white">Hebei Baoding Orient Paper Milling Company Limited and Hebei Fangsheng Real Estate
        Development Co. Ltd.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">Exhibit 10.2</FONT></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Buildings Sale Agreement, dated as of August 9, 2013, between
        <FONT STYLE="background-color: white">Hebei Baoding Orient Paper Milling Company Limited and Hebei Fangsheng Real Estate Development
        Co. Ltd.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">Exhibit 99.1</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">Press release, dated August 12, 2013, issued by Orient Paper, Inc.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="background-color: white"><B></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="background-color: white"><B>&nbsp;
</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="background-color: white"><B>SIGNATURES
</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: white">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black; background-color: white">Date: August 12, 2013</FONT></TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black; background-color: white">ORIENT PAPER, INC.</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="width: 51%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black; background-color: white">By:&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black; background-color: white">/s/ Winston C. Yen</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black; background-color: white">Winston C. Yen</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black; background-color: white">Chief Financial Officer</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD COLSPAN="3">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Exhibit Index</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD><B>Exhibit No.</B></TD>
    <TD><B>Description</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 14%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">Exhibit 10.1</FONT></TD>
    <TD STYLE="width: 86%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Land Use Right Transfer Agreement, dated as of August 9, 2013,
        between <FONT STYLE="background-color: white">Hebei Baoding Orient Paper Milling Company Limited and Hebei Fangsheng Real Estate
        Development Co. Ltd.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">Exhibit 10.2</FONT></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Buildings Sale Agreement, dated as of August 9, 2013, between
        <FONT STYLE="background-color: white">Hebei Baoding Orient Paper Milling Company Limited and Hebei Fangsheng Real Estate Development
        Co. Ltd.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">Exhibit 99.1</FONT></TD>
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: black">Press release, dated August 12, 2013, issued by Orient Paper, Inc.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>v352636_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Land Use Right Transfer Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>[English Translation]</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Agreement No.: HBOP2013-LD</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">Transferor:</FONT></TD>
    <TD STYLE="width: 85%; padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">&nbsp;Hebei Baoding Orient Paper Milling Co., Ltd.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">(herein after referred to as Party A)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">Transferee:</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">&nbsp;Hebei Fangsheng Real Estate Development Co., Ltd.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">(herein after referred to as Party B)</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">Party A has the State-owned land use right
located at the south of Juli Road (former South of Nanhuan Road) and at the east of Shengyuan South Street with an area of 33,372.49
square meters. In accordance with the &ldquo;Comprehensive Planning of the Use of Land of Xushui County&rdquo; and an ensuing resolution
requesting &ldquo;negotiated transfer/surrender of land and the payment of land transfer fee&rdquo; by several local enterprises
located in the center of the county from local Xushui County government, the use of the land is being converted from <FONT STYLE="text-underline-style: none; color: windowtext">industrial</FONT>
to <FONT STYLE="text-underline-style: none; color: windowtext">residential</FONT>&nbsp;As Party A&rsquo;s permitted scope of business
does not include the use and development of the land for <FONT STYLE="text-underline-style: none; color: windowtext">residential</FONT>&nbsp;use;
and in order to secure Party A&rsquo;s normal operation at the location in the near future, Party A hereby transfers the land use
right and the development right to Party B, and sells the buildings attached to the land to Party B (the number of Real Estate
Sales Agreement is HBOP2013-RS.) The area for transferred land use right is 29,737.79 square meters. The portion of the land occupied
by the boiler room, pump room and electricity distribution&nbsp;room with a total of 3,634.70 square meters is excluded in the
scope of this Transfer Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">Party A and Party B entered into this Agreement
by mutual negotiation in accordance with the current laws and regulations of land transfer and development, taking into consideration
actual&nbsp;conditions of the land referred to in this Agreement. Both Parties shall voluntarily execute this Agreement according
to the terms and conditions set forth below.<BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section 1 The Basic Information
of the Land </B><BR> 1<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>Land Location: South of Juli
Road(formerly Nanhuan Road) and least of Shengyuan South Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0">2. Total area of land use right: 33,372.49
square meters<BR> 3<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>Land Status: In service<BR>
4. Certificate Number of the State-owned Land Use Rights: XUGUOYONG(2003)ZIDI004HAO</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section 2 Rights Condition</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">1. Party A confirms that it legally owns
the land use right to transfer under this Agreement, and there are no property defects of collateral, seizure and any third party&rsquo;s
claim, etc;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">2. </FONT>Party
B takes all associated rights and obligations of the landbts and all economic&nbsp;legal&nbsp;liabilities after the transfer.
Party A confirms that it has paid off all costs and expenses of for land use and development rights purported in
this Agreement; and that there is no dispute regarding any rights and obligation of the land use rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><BR> <B>Section 3 Transfer
Period</B><BR> 1. The above land use right will be owned by Party B and be protected by state laws from the day Party B
acquires the land use right certificate of this State-owned land;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">2<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>During
the transfer period, Party A shall not retract&nbsp;the&nbsp;land&nbsp;use right except as&nbsp;otherwise
provided&nbsp;herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section 4 Transfer Price</B><BR> 1.
Both Partie<B>s</B> confirm that the transfer price is RMB17,188,400<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;</FONT>say
RMB SEVENTEEN MILLION ONE HUNDRED AND EITHTY EIGHT THOUSAND FOUR HUNDRED ONLY<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;</FONT>in
accordance with the Land Appraisal Report from the appraiser designed by Xushui County Government;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">2<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>The
above transfer price covers all paid and payable fees when Party A acquired the land use right;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;<BR>
<B> </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section
5 Payment Term</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">1.
Party B shall pay the entire transfer price in a lump-sum payment under this Agreement to Party A within Ten working days
after this Agreement takes effect;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">2<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>Party
A shall issue an invoice to Party B or the agency or personal designated by Party B as provided under relevant legal
requirements after receiving Party B&rsquo;s transfer price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section
6 Documents Delivery and Procedures Handling</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">Party A shall provide Party
B with the documents of the land use right related to the transferred land, including but not limit to the documents of prior land
transfer Agreement, red line map, government ratification for construction, planning permission of&nbsp;construction, planning
permission of construction engineering, building design summary, design&nbsp;drawing, development project rights approval and qualification
certificate, etc. within Ten working days after this Agreement takes effect, so that Party B is able to handle the relevant entitlement
and transfer procedures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section 7 Tax</B><BR>
Party A shall bear all tax fees charged by government authorities and agencies designated by government in the procedure of the
land use right transfer and the project development right transfer under this Agreement. Party A shall also pay all of those tax
fees that are prorated between Party A and Party B, As the transfer price paid by Party B is intended to have already included
all taxes for Party B.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section 8 Law Condition of Transfer</B><BR>
The land use right shall transfer to Party B upon Party A and Party B signing this Transfer Agreement, and Party B shall bear the
risks and responsibilities associated with this land.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section
9 Party A&rsquo;s Responsibility for Breach</B><BR>
1. After this Agreement takes effect, if Party A unilaterally terminates this Agreement or delays the performance of the obligations
in this Agreement over 30 working days, it shall be deemed a fundamental breach by Party A. Party A should refund all of Party
B&rsquo;s payment of transfer price plus interests to Party B pursuant to the prevailing bank loan interest rate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.75pt; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">2.
It shall be deemed a unilateral breach of the Agreement by Party A if any third person asserts any rights to the land use
right and project development right referred to in this Agreement due to Party A&rsquo;s concealing of facts, or for any
other reason caused by Party A, resulting in non-performance of this Agreement. Party A shall bear the responsibilities
according to Subsection 1 of this Section 9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">3<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>If
Party A delays the performance of certain obligations provided in this Agreement, but has not caused the fundamental breach,
Party A shall pay the liquidated damage at the rate of 0.021% of the paid transfer price per day to Party B.<BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section 10 Party
B&rsquo;s Responsibility for Breach </B><BR> 1<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>After this Agreement
takes effect, if Party B unilaterally terminates this Agreement, Party B shall compensate Party A for its economic losses for
an amount equal to 10% of the transfer price;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">2<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>If
Party B delays the payment of the transfer price to Party A, Party B should pay liquidated damages at the rate of 0.05% of
the delinquent amount per day to Party A. If the delinquency lasts over thirty working days, Party A is entitled to terminate
this Agreement; and Party B shall compensate Party A for its economic losses for an amount equal to 10% of the transfer
price;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">3<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>If
any of the above situations results in the termination of this Agreement, Party B shall unconditionally return the original
documents related to this project and any document obtained from follow-up development back to Party A.<BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;<BR><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section 11
Representations and warranties </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">Party A warrants that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">1<FONT STYLE="font-family: Times New Roman, Times, Serif">.
</FONT>Party A has the right to transfer the land in this Agreement, and has the full capability to sign this
Agreement with Party B;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">2<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>At
the time the Agreement is signed, no court, arbitration institution, administrative agency or regulatory body has made any
judgment, verdict or specific administrative actions that has material adverse effect on Party A to perform the
Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">3<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>Party
A confirms and warrants that no collateral, creditor&rsquo;s right or financial obligation is attached to the land; that
there is no third party recourse on the land before Party B obtains the land use right;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">4<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>All
required internal authorization procedures for Party A to sign this Agreement have been completed; and the signer of this
Agreement is Party A&rsquo;s legal representative or authorized representative. This Agreement is legally binding on the two
Parties once taking effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">Party
B warrants that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">1<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>Party
B has the right to sign and the capability to perform this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">2<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>At
the time the Agreement is signed, no court, arbitration institution, administrative agency or regulatory body has made any
judgment, verdict or specific administrative actions that have material adverse effect on Party B to perform the
Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">3<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>All
required internal authorization procedures for Party B to sign this Agreement have been completed; and the signer of this
Agreement is Party B&rsquo;s legal representative or authorized representative. This Agreement is legally binding on the two
parties once taking effect.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section 12 Confidential Clause</B><BR>
Party A and Party B both warrant to keep confidential the other Party&rsquo;s non-public documents and information obtained from
the discussion, signing and performing this Agreement (including business secrets, cooperation plans, operational activities, financial
information, technical intelligence, operational information and other business secrets). Each Party must not disclose all or part
of the non-public documents and information to any third party without permission of the other which provided the documents and
information unless otherwise regulated by the law or regulation or agreed by the two Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section 13 Modification of Agreement
</B><BR>
If any unforeseeable circumstances happens during the performance period of this Agreement that forces either Party to modify this
Agreement, the Party requesting modification shall inform the other Party in writing immediately. After the request is accepted
by the other Party, the two Parties shall sign the written modification agreement within a time limit. The modification agreement
shall become an integral part of this Agreement. Neither Party has the right to modify the Agreement unless written document is
signed by the two Parties; otherwise, the Party acting unilaterally to change the provisions of the Agreement shall bear the responsibility
of economic losses to the other Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section 14 Assignment of Agreement</B><BR>
Unless otherwise provided in the Agreement or agreed upon after negotiation by both Parties, neither Party shall assign any rights
and obligations of both parties provided in this Agreement to a third party without the other Party&rsquo;s written consent. Any
assignment shall be invalid without the other Party&rsquo;s written consent.<BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section 15 Settlement of Disputes</B><BR>
Any disputes arisen in the process of Agreement implementation shall be resolved through negotiation by both Parties. Disputes
may also be mediated by relevant resolution organizations; or if negotiation or mediated fail, by filing a lawsuit in the PRC
People&rsquo;s Court.<BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;<BR><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section 16 Force Majeure</B><BR>
1. If any Party of the Agreement fails to perform all or part of its obligations under this Agreement Due to the influence of
force majeure event, the implementation of the obligations should be suspended when the force majeure event impedes its implementation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">2<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>The
Party who claimed to have been influenced by force majeure event shall inform the other Party the occurrence of the force
majeure event promptly in writing, and provide appropriate evidence of the force majeure event and its duration and the
written information within 5 days after the occurrence of the force majeure event regarding its inability to perform the
Agreement or delay of implementation to the other Party. The Party claiming that performance is impossible or impractical due
to the force majeure event has the responsibility to make every reasonable effort to eliminate or mitigate the influence of
the force majeure event;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">3. When a force majeure
event happens, both parties should immediately decide on how to implement this Agreement through friendly negotiation. After the
termination or elimination of the force majeure event or its influence, both Parties should immediately resume the implementation
of the obligation under the Sections of this Agreement. If the force majeure event and its influence cannot be terminated or eliminated
and results in any Party of the Agreement losing the ability to continue to perform the Agreement, then both parties may negotiate
to terminate the Agreement or temporarily delay the implementation of the Agreement, and the Party who encounters the force majeure
needs not bear responsibilities for the termination or delay. However, if force majeure happens after a delay of implementation,
the Party causing the delay cannot be exempted from liability;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">4<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>&ldquo;Force
Majeure&rdquo; referred to in this Agreement means any event, which cannot be reasonably controlled by the influenced Party,
is unable to be predicted or unable to avoid and overcome even if predicable, and occurs after the date of signing the
Agreement, which makes the Party impossible or impractical to objectively perform this Agreement in whole or in part. The
events include, but not limited to, natural disasters such as flood, fire, drought, typhoon, earthquake, and social events,
such as war, riot and strike, as well as government act or legal provisions, etc.<BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section 17 Interpretation
of Agreement</B><BR>
For the matters not covered or undefined in this Agreement, both Parties can make reasonable interpretation to the Agreement according
to common sense understandings based on the general principle, purpose, common transaction practices and contents of related sections.
This interpretation is binding, unless the interpretation is inconsistent with laws or this Agreement.<BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;<BR><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Section 18 Supplements and
Exhibits</B><BR>
Matters not covered in the Agreement shall be implemented according to relevant laws and regulations. For the matters not specified
by laws and regulations, Party A and Party B may agree on a written supplementary Agreement. Exhibits and supplementary Agreement
of this Agreement are the indivisible parts of this Agreement, and have the same legal effect with the Agreement.<BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Section 19 Validity of Agreement</B><BR>
1. This Agreement shall take effect on the date of signing by both Parties&rsquo; legal representative or its authorized representative
and stamping with official seals or agreement seals;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in">2<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>This
original Agreement is made in two copies. Each party holds one copy with equal legal force.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>If there is any conflict between a Chinese
language provision and the corresponding English language provision in this Agreement, the Chinese language provision will prevail.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Transferor (seal):/chop/Hebei Baoding
Orient Paper Milling Co., Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Legal representative:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Authorized representative: /s/Dahong Zhou</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Date: August 9, 2013</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Transferee (seal): /chop/Hebei Fangsheng
<FONT STYLE="color: black">Real Estate Development Co., Ltd.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Legal Representative: /s/Zhenyong Liu<BR>
Authorized representative:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Date: August 9, 2013</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>



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<TYPE>EX-10.2
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<FILENAME>v352636_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Buildings Sale Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>[English Translation]</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Agreement No.: HBOP2013-RS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">Seller: </FONT></TD>
    <TD STYLE="width: 85%; padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">Hebei Baoding Orient Paper Milling Co., Ltd.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">(herein after referred to as Party A)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">Buyer:</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">Hebei Fangsheng Real Estate Development Co., Ltd.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">(herein after referred to as Party B)</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="color: black">Party A and Party
B entered into the Agreement by mutual negotiation to sell and purchase Buildings. </FONT>Both Parties shall voluntarily execute
this Agreement according to the terms and conditions set forth below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Section <FONT STYLE="color: black">1 The
Basic Condition of the Buildings</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B><FONT STYLE="color: black"></FONT></B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%; padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">1.</FONT></TD>
    <TD STYLE="width: 97%; padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">Location of the Buildings: South of Juli Road (formerly Xinxing Road)(No.008768)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt; color: black">Construction area of the Buildings is 9,326.95 </FONT><FONT STYLE="font-size: 10pt">square meters<FONT STYLE="color: black">, details are as follows:</FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">Office Building: 3,776.47 square meters;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">North Workshop: 1,247.43 square meters;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">Middle Workshop: 1,208.75 square meters;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">South Workshop: 2,417.50 square meters;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">Workshop Bungalow: 676.80 square meters;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">2<FONT STYLE="font-family: Times New Roman, Times, Serif">.</FONT></FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">Location
of the Buildings: South of Juli Road (formerly as Xinxing Road) (No.008814)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">Construction area of the Buildings is 684.77 square meters, <FONT STYLE="color: black">details are as follows:</FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">Guard&nbsp;Room: 85.62 square meters;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">Garage: 154.44&nbsp;square meters;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">Sales&nbsp;Department: 133.4 square meters;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">Boiler&nbsp;Room: 231.25&nbsp;square meters<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65307;</FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">Pump&nbsp;Room:&nbsp;20.21 square meters;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">Electricity Distribution&nbsp;Room:&nbsp;59.85&nbsp;square meters.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">3<FONT STYLE="font-family: Times New Roman, Times, Serif">.</FONT></FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">Location
of the Buildings (Three Dormitories): South of Juli Road</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">Construction area of three dormitories is 17,494.66 square meters, including 132 suites of apartment units and 152 storage rooms.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: justify; text-justify: inter-ideograph"><FONT STYLE="font-size: 10pt">Total construction&nbsp;cost&nbsp;is RMB 26,498,307.00.</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Section <FONT STYLE="color: black">2 Construction
Area of Buildings to be Sold</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Party A sells the ownership of above Buildings
to Party B with a total area of 27,195.07 square meters, excluding the above mentioned boiler room, pump room and electricity distribution
room, which is still owned by Party A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Section 3 Rights Condition</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Party A confirms that it legally owns
the Buildings to transfer under this Agreement, and there are no property defects of collateral, seizure and any third party&rsquo;s
claim, etc.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section 4 Sale Price</B><BR>
Both Party A and Party B agree that sale price is set forth below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">1<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>Appraisal
result for Buildings listed in Section 1-1 and Section 1-2 in this Agreement according to Party A&rsquo;s designated
appraisal company is RMB 2,680,800.00. The appraisal result is based on the fair market value in open market condition and an
assumption that the Buildings will be forced to be demolished in 7 years and only have value from the continued original use
before demolition. Party B agree to purchase the Buildings at a premium price, and the negotiated price by both Parties to
sell and purchase the Buildings is RMB 7,099,000.00;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">2<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>Sale
price of Buildings listed in Section 1-3 for three dormitories is equal to their total construction cost, which is RMB
26,498,307.00, therefore;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">3<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>Total
sale price is RMB 33,597,307.00 (SAY RMB THIRTY THREE MILLION FIVE HUNDRED AND NINETY SEVEN THOUSAND THREE HUNDRED AND SEVEN
YUAN ONLY).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section
5 Payment Term</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">Party B shall pay the entire
sale price under this Agreement to Party A within Thirty working days after this Agreement takes effect. The amount of RMB 7,099,000.00
that was prepaid by Party B is treated as a security deposit for this transaction, and the remaining balance need to be paid is
RMB 26,498,307.00.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section 6
Tax</B><BR> 1<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>For the Buildings sale of Section 1-1 and
Section 1-2, Party A and Party B shall bear each party&rsquo;s own share of tax fees charged by authorities and agencies
designated by government in the procedure of sale and entitlement according to relative laws and regulations;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">2<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>For
the Buildings sale of Section 1-3, both parties agree that Party B shall pay in advance all tax fees of Part A and Party B
charged by authorities and agencies designated by government in the procedure of sale and entitlement. When Party B sells the
dormitories to Party A&rsquo;s qualified employees according to the provisions of Section 8-1, Party B shall apportion all
paid taxes and unpaid taxes to the sale price of the dormitories so that all taxes are borne by the qualified employees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section 7 Representations and Warranties
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">Party A warrants that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">1<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>Party
A has the right to sell the Buildings in this Agreement, and has the full capability to sign this Agreement with Party B. In
the case where disputes arises over the ownership of the Buildings sold, Party A shall be held responsible for damages and
losses;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">2<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>At
the time the Agreement is signed, no court, arbitration institution, administrative agency or regulatory body has made any
judgment, verdict or specific administrative actions that has material adverse effect on Party A to perform the
Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">3<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>Party
A confirms and warrants that no collateral, creditor&rsquo;s right or financial obligation is attached to the Buildings;
that there is no third party recourse on the Buildings before Party B obtains the Buildings;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">4. All required internal
authorization procedures for Party A to sign this Agreement have been completed; and the signer of this Agreement is Party A&rsquo;s
legal representative or authorized representative. This Agreement is legally binding on both Parties once taking effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">Party
B warrants that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">1<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>Party
B has the right to sign and the capability to perform this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">2<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>At
the time the Agreement is signed, no court, arbitration institution, administrative agency or regulatory body has made any
judgment, verdict or specific administrative actions that have material adverse effect on Party B to perform the
Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">3<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>All
required internal authorization procedures for Party B to sign this Agreement have been completed; and the signer of this
Agreement is Party B&rsquo;s legal representative or authorized representative. This Agreement is legally binding on both
parties once taking effect.<BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Section
8 Party B&rsquo;s Commitment</B></FONT><BR> <FONT STYLE="font-family: Times New Roman, Times, Serif">1. Party B promise that all
three dormitories with a total of 132 suites of apartment units and </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">152 storage rooms (total construction area of 17,494.66
square meters) shall be sold to the designated qualified employees of Party A within 60 working days after Party B pays off all
sale price and obtain the property certificate. The sale price to the employees shall equal to the sum of the original construction
cost and all of the paid and unpaid taxes made by Party B. Party B shall also assist to deal with the registration of property
ownership certificate for employees. Related taxes and fees for property certificate shall by borne by the employees. Party B shall
not gain any profits during the sale of dormitories. Party A has the right to supervise and inspect Party B&rsquo;s sale process
and<FONT STYLE="text-transform: uppercase"> </FONT>review the relevant sale documents;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">2</FONT>. <FONT STYLE="font-family: Times New Roman, Times, Serif">To
ensure Party A&rsquo;s normal operation in the near future, after Party B pays off all sale price and obtain relevant
property ownership certificate Party B agrees to lease back the sold Buildings listed in Section 1-1 and 1-2 in this
Agreement to Party A with a 3-year tentative lease term, with a rent of RMB 1,000,000 per year. Party A shall pay all rent
for the actual number of days of leasing for the current year before December 31 of every year. When the leasing term
expires, both parties could negotiate to extent the terms if necessary. However, Party A shall make the best effort to finish
the facilities relocation within the first 3-year leasing term and relocate as early as possible.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section 9
Responsibility for Breach </B><BR> 1<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>After this Agreement
takes effect, if Party B unilaterally terminates this Agreement, Party B</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">shall compensate Party A for
its economic losses for an amount equal to 10% of the sale price;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">2<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>If
Party B delays the payment of the transfer price to Party A, Party B should pay liquidated damages at the rate of 0.05% of
the delinquent amount per day to Party A. If the delinquency lasts over thirty working days, Party A is entitled to terminate
this Agreement; and Party B shall compensate Party A for its economic losses for an amount equal to 10% of the transfer
price;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">3<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>It
shall be deemed a unilateral breach of the Agreement by Party A if any third party asserts any rights to the Buildings
referred to in this Agreement due to Party A&rsquo;s concealing of facts, or for any other reason caused by Party A,
resulting in non-performance of this Agreement. Party A should refund all of Party B&rsquo;s deposit and payment of sale
price plus interests to Party B pursuant to the prevailing bank loan interest rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><BR>
<B>Section 10 Confidential Clause</B><BR>
Party A and Party B both warrant to keep confidential the other Party&rsquo;s non-public documents and information obtained from
the discussion, signing and performing this Agreement (including business secrets, cooperation plans, operational activities, financial
information, technical intelligence, operational information and other business secrets). Each Party must not disclose all or part
of the non-public documents and information to any third party without permission of the other which provided the documents and
information unless otherwise regulated by the law or regulation or agreed by the two Parties.<BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;<BR><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section 11
Modification of Agreement </B><BR>
If any unforeseeable circumstances happens during the performance period of this Agreement that forces either Party to modify
this Agreement, the Party requesting modification shall inform the other Party in writing immediately. After the request is accepted
by the other Party, the two Parties shall sign the written modification agreement within a time limit. The modification agreement
shall become an integral part of this Agreement. Neither Party has the right to modify the Agreement unless written document is
signed by the two Parties; otherwise, the Party acting unilaterally to change the provisions of the Agreement shall bear the responsibility
of economic losses to the other Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section 12 Assignment of Agreement</B><BR>
Unless otherwise provided in the Agreement or agreed upon after negotiation by both Parties, neither Party shall assign any rights
and obligations of both parties provided in this Agreement to a third party without the other Party&rsquo;s written consent. Any
assignment shall be invalid without the other Party&rsquo;s written consent.<BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;<BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section 13 Settlement of Disputes</B><BR>
Any disputes arisen in the process of Agreement implementation shall be resolved through negotiation by both Parties. Disputes
may also be mediated by relevant resolution organizations; or if negotiation or mediated fail, by filing a lawsuit in the PRC People&rsquo;s
Court.<BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section
14 Force Majeure</B><BR>
1<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>If any Party of the Agreement fails to perform all or part
of its obligations under this</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">Agreement due to the influence
of force majeure event, the implementation of the obligations should be suspended when the force majeure event impedes its implementation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">2<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>The
Party who claimed to have been influenced by force majeure event shall inform the other Party the occurrence of the force
majeure event promptly in writing, and provide appropriate evidence of the force majeure event and its duration and the
written information within 5 days after the occurrence of the force majeure event regarding its inability to perform the
Agreement or delay of implementation to the other Party. The Party claiming that performance is impossible or impractical due
to the force majeure event has the responsibility to make every reasonable effort to eliminate or mitigate the influence of
the force majeure event;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">3<FONT STYLE="font-family: Times New Roman, Times, Serif">.
</FONT>When a force majeure event happens, both parties should immediately decide on how to implement this Agreement through friendly
negotiation. After the termination or elimination of the force majeure event or its influence, both Parties should immediately
resume the implementation of the obligation under the Sections of this Agreement. If the force majeure event and its influence
cannot be terminated or eliminated and results in any Party of the Agreement losing the ability to continue to perform the Agreement,
then both parties may negotiate to terminate the Agreement or temporarily delay the implementation of the Agreement, and the Party
who encounters the force majeure needs not bear responsibilities for the termination or delay. However, if force majeure happens
after a delay of implementation, the Party causing the delay cannot be exempted from liability;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">4<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>&ldquo;Force
Majeure&rdquo; referred to in this Agreement means any event, which cannot be reasonably controlled by the influenced Party,
is unable to be predicted or unable to avoid and overcome even if predicable, and occurs after the date of signing the
Agreement, which makes the Party impossible or impractical to objectively perform this Agreement in whole or in part. The
events include, but not limited to, natural disasters such as flood, fire, drought, typhoon, earthquake, and social events,
such as war, riot and strike, as well as government act or legal provisions, etc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section 15 Interpretation of Agreement</B><BR>
For the matters not covered or undefined in this Agreement, both Parties can make reasonable interpretation to the Agreement according
to common sense understandings based on the general principle, purpose, common transaction practices and contents of related sections.
This interpretation is binding, unless the interpretation is inconsistent with laws or this Agreement.<BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;<BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section 16 Supplements
and Exhibits</B><BR>
Matters not covered in the Agreement shall be implemented according to relevant laws and regulations. For the matters not specified
by laws and regulations, Party A and Party B may agree on a written supplementary Agreement. Exhibits and supplementary Agreement
of this Agreement are the indivisible parts of this Agreement, and have the same legal effect with the Agreement.<BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;<BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0"><B>Section
17 Validity of Agreement</B><BR>
1<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>This Agreement shall take effect on the date of signing by
both Parties&rsquo; legal representative</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">or its authorized representative
and stamping with official seals or agreement seals, and substitutes any former agreement for same Buildings sale(if any).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">2<FONT STYLE="font-family: Times New Roman, Times, Serif">. </FONT>This
original Agreement is made in two copies. Each party holds one copy with equal legal force.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>If there is any conflict between a Chinese
language provision and the corresponding English language provision in this Agreement, the Chinese language provision will prevail.</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Seller (seal):/chop/Hebei Baoding Orient
Paper Milling Co., Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Legal representative:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Authorized representative: /s/Dahong Zhou</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Date: August 9, 2013</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Buyer (seal): /chop/Hebei Fangsheng <FONT STYLE="color: black">Real
Estate Development Co., Ltd.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Legal Representative: /s/Zhenyong Liu<BR>
Authorized representative:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Date: August 9, 2013</P>



<P STYLE="margin: 0"></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>4
<FILENAME>v352636_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Orient Paper Approves the Sale of<BR>
Headquarters Compound</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Baoding, China, August 12, 2013 &ndash;
Orient Paper, Inc. (NYSE MKT: ONP) (&ldquo;Orient Paper&rdquo; or the &ldquo;Company&rdquo;), a leading manufacturer and distributor
of diversified paper products in North China, today announced its Board of Directors has approved the sale of the land use rights
of its headquarters compound, the office building and all industrial-use buildings (the &ldquo;Industrial Buildings&rdquo;) and
three employee dormitories (the &ldquo;Dormitories&rdquo;) located on Juli Road in Xushui County, Hebei Province, to Hebei Fangsheng
Real Estate Development Co. Ltd. (&ldquo;Hebei Fangsheng&rdquo;) for approximately $8.23 million in cash. The sale of these assets
by the Company to Hebei Fangsheng is referred to herein as the &ldquo;Transaction.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">When the Transaction was initially proposed,
the Board of Directors determined that, because of the Company&rsquo;s Chairman and Chief Executive Officer, Mr. Zhenyong Liu&rsquo;s
involvement, it would constitute a related-party transaction under applicable rules and regulations of the Securities and Exchange
Commission. Therefore, the Board of Directors and the Audit Committee obtained the advice of independent legal and real estate
professionals to assist in assessing the Company&rsquo;s options, including available alternatives, if any, to the Transaction
and in the evaluation the terms and conditions thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Hebei Fangsheng is a qualified real estate
development company in China and is 100% owned by Mr. Zhenyong Liu, Chairman and Chief Executive Officer of Orient Paper, and his
family. The sale was conducted on an arms-length basis, and was reviewed by Orient Paper&rsquo;s Audit Committee and approved by
the Company&rsquo;s Board of Directors. Mr. Liu did not participate in the meeting of the directors at which this decision was
taken.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Land Use Rights</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In 2012, governmental authorities in Xushui
County, where Company&rsquo;s headquarters compound is located, approved a new urban development plan covering properties occupied
by several entities, including the Company, that had previously been zoned for industrial use. Under this development plan, these
properties were re-zoned for residential use only. Since the development plan was announced, the Company has evaluated its options
to determine the most effective and least disruptive way to comply with the plan&rsquo;s requirements. Among the alternatives investigated
by the Company were (i) having the Company establish a land development subsidiary to develop the headquarters compound by itself,
(ii) attempting to solicit proposals from real estate development companies that might be prepared to purchase the headquarters
compound from the Company and convert the land and buildings to residential use and (iii) surrendering the Company&rsquo;s land
use rights to the local government. After this investigation and analysis of the various options available to the Company, at its
meeting on August 7, 2013 the Board of Directors determined that the proposal of Hebei Fangsheng was the most attractive of the
available alternatives and directed the officers of the Company to proceed with the Transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The sale price of the headquarters compound&rsquo;s
industrial land use rights is approximately $2.79 million, as determined by the valuation from a government designated appraisal,
which was 3.35% higher than a second independent appraisal commissioned by the Company. The sale price per acre is also 28% higher
than the unit price that the Company paid for the industrial land use rights for a piece of land right across the street from the
Company&rsquo;s main manufacturing plant in the Xushui County in April 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Industrial Buildings and Dormitories</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition to the sale of the land use
rights, the sale also includes the Industrial Buildings and the Dormitories located within the headquarters compound. The sale
prices of the Industrial Buildings and Dormitories are approximately $1.15 million and $4.29 million respectively. The $1.15<FONT STYLE="color: #1F497D">
</FONT>million sale price of the Industrial Buildings was determined by negotiation between the Company and Hebei Fangsheng and
is equal to the appraised value based on the assumption that the use of the buildings would be continued until they are retired.
Based on the assumption that such buildings would have to be torn down to comply with the re-zoning, a second independent appraisal
obtained by the Company put the value at $0.4 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">According to the terms of the agreement
covering the sale of the Dormitories, Hebei Fangsheng will sell all 132 units to current or future qualified employees of the Company
at its acquisition price, which is the Company&rsquo;s construction original cost of approximately $4.29 million. Hebei Fangsheng
will not seek to profit from the resale of the Dormitories to these employees of the Company. Hebei Fangsheng also agrees to allow
the Company to inspect the books and records of the sales to ensure the units all sold only to qualified employees of Orient Paper.
The sale of the Dormitories is to facilitate management&rsquo;s plan of using the Dormitories as an incentive to provide affordable
housing and ownership opportunities for qualified employees. Although the Company and Hebei Fangsheng agree to set the sale price
of the Dormitories at the Company&rsquo;s original construction cost of the three dormitory buildings for $4.29 million, an independent
appraisal shows that the value for the three buildings as employee dormitories was $4.6 million. The Company internally estimated
that had the Company been a licensed real estate developer and allowed to resell the dormitory units, the fair market value of
the Dormitories (which is located within the wall of our Headquarters Compound and next to the digital photo paper factory) could
be approximately $5.1 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Gross profit resulting from the sale is
approximately $740,000, and net gain for Orient Paper was approximately $345,000 from the overall Transaction after payment of
applicable taxes and fees. The net proceeds from the sale were approximately $7.84 million, which are expected to fund the Company&rsquo;s
household and tissue paper business expansion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Lease back term of Industrial Buildings
for three years</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the sale, Hebei Fangsheng
agrees to lease the Industrial Buildings back to Orient Paper at an annual rental of RMB1 million, or approximately $162,000, for
a term of up to three years, while the Company prepares to relocate its offices and the digital photo paper operations currently
located in the headquarters compound.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As the relocation from Juli Road is mandatory,
the sale allows Orient Paper to continue its operations in the current location for a maximum of three years while looking for
a new location. It also allows the management team to concentrate on the Company&rsquo;s core business without being distracted
by immediate rezoning issues and property development risks. At the same time, the proceeds would represent another injection of
capital into the Company&rsquo;s business expansion amid the current tight credit situation in China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>About Orient Paper, Inc. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Orient Paper, Inc. (&ldquo;Orient Paper&rdquo;)
is a leading paper manufacturer in North China. Using recycled paper as its primary raw material, Orient Paper produces and distributes
three types of paper products namely, packaging paper (corrugating medium paper), offset printing paper, and other paper products,
including digital photo paper, and household/tissue paper that the company is currently expanding into.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">With production operations based in Baoding
in North China&rsquo;s Hebei Province, Orient Paper is located strategically close to the Beijing and Tianjin region, home to a
growing base of industrial and manufacturing activities and one of the largest markets for paper products consumption in the country.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Orient Paper&rsquo;s production facilities
are controlled and operated by its wholly owned subsidiary Shengde Holdings, Inc., which in turn controls and operates Baoding
Shengde Paper Co., Ltd., and Hebei Baoding Orient Paper Milling Co., Ltd for manufacturing digital photo, printing and packaging
paper.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Founded in 1996, ONP has been listed on
the NYSE MKT Board since December 2009. (Please visit <FONT STYLE="text-underline-style: none; color: black">http://www.orientpaperinc.com</FONT>.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Safe Harbor Statement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This announcement contains forward-looking
statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, anticipated
revenues from the digital photo paper business segment; the actions and initiatives of current and potential competitors; the Company's
ability to introduce new products; the Company's ability to implement the planned capacity expansion of corrugate medium paper;
market acceptance of new products; general economic and business conditions; the ability to attract or retain qualified senior
management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities
and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current
expectations, assumptions, estimates and projections about the companies and the industry. The Company undertakes no obligation
to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations,
except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements
are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual
results may differ materially from the anticipated results.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>For investor and media inquiries, please
contact:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Investor and Media Contacts:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Orient Paper, Inc.<BR>
T: 1-562-818-3817<BR>
E: <FONT STYLE="text-underline-style: none; color: black">ir@orientpaperinc.com</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">FleishmanHillard<BR>
T: +852-2530-0228<BR>
E: <FONT STYLE="text-underline-style: none; color: black">ir@orientpaperinc.com</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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