AMENDMENT NUMBER 1 TO SECURITIES PURCHASE AGREEMENT
THIS AMENDMENT NUMBER 1 TO SECURITIES PURCHASE AGREEMENT, dated as of August
13, 2010 (this “ Amendment ”), is entered into by and among China Packaging Group, Inc., a Nevada
corporation (collectively with its predecessors, the “Company” ), the Investors and Nengbin Fang. Capitalized
terms used herein but not otherwise defined herein shall have the respective meanings set forth in the Securities
Purchase Agreement (as defined below).
The Company and the Investors are parties to that certain Securities Purchase Agreement, dated as of April
29, 2010 (the “Securities Purchase Agreement” ). Following the closing of the transactions contemplated by
the Securities Purchase Agreement, the Investors and the Company identified a mutual mistake relating to Section
4.15 of the Securities Purchase Agreement. Section 4.15 is a negative claw back provision that, as drafted,
requires the Company to issue additional shares to the Investors upon the occurrence of a specified trigger event.
The mutual mistake of the Company and the Investors is that both parties intended that the Company’s
Chairman, Nengbin Fang, transfer shares of his that are already outstanding to the Investors on a pro rata basis if
the triggering event occurs instead of requiring the Company to issue shares to the Investors in such event. The
parties desire to modify the Securities Purchase Agreement to correct this mutual mistake.
Section 6.4 of the Securities Purchase Agreement provides that no provisions of the Securities Purchase
Agreement may be waived or amended except in a written instrument signed by the Company and the Requisite
Holders. This Amendment constitutes a written agreement signed by the necessary parties in order to effectuate
the amendments to the Securities Purchase Agreement specified below.
NOW, THEREFORE, in consideration of the foregoing and the respective covenants and agreements set
forth herein, the parties hereto a