Exhibit 10.4 – Consultancy Agreement
 Confidential
  
(1) China Marine Food Group Limited
(Ticker Symbol: CMFO.AMEX)

and

(2) World Global Investments Hong Kong Limited
 

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Financing Consultancy Engagement Letter
 

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October 18, 2009
 
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This Agreement was signed by the following parties on October 18, 2009:

(1)
CHINA MARINE FOOD GROUP LIMITED (hereinafter referred to as “Party A”)

Registered Address:

Legal Representative:

Job Duties:

(2)
WORLD GLOBAL INVESTMENTS HONG KONG LIMITED (hereinafter referred to as “Party
B”)

Registered Address:

Legal Representative:

Job Duties:

Whereas:

(1)
Party A intends to obtain financing from Hong Kong or other overseas capital
markets (form of financing could be equity financing, corporate bonds or a
variety of mixed forms of financing) in order to conduct mergers and
acquisitions within their industry or to develop and strengthen their business
scope, so as to establish a comprehensive and efficient modernized enterprise
management system; and

(2)
Party B has previously provided advisory services to Party A to assist Party A
with respect to the structuring and analysis of corporate financing proposals
and Party A’s capitalization, and has the capability of assisting Party A with
the current proposed financing between USD15,000,000 and USD20,000,000.

Party A and Party B have reached the following agreements after friendly
negotiation:

(1)
Party A hereby agrees and confirms to engage Party B to provide consultancy
services for the aforementioned financing activities (including equity
financing, corporate bonds or a variety of mixed forms of financing), including
assistance in evaluating proposals received from third parties, including
placement agents, underwriters and investors (provided the investors are located
outside of the United States).

 
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(2)
Party A hereby agrees to pay Party B in terms of common stocks as consultancy
fees within five business days after the completion of the aforementioned
financing. The method of payment is set out as below:

(a)
Party A will issue 177,000 shares of their own common stock to Party B as
consultancy fees;

(b)
When Party A issues shares to Party B, Party B will provide the names of the
shareholders (could be under the names of individuals or entities) to Party A
for share registration purposes.

(3)
Both Party A and Party B hereby agree that the legal interpretation of this
Agreement shall be based on the laws of the Hong Kong Special Administrative
Region.

(4)
This Agreement is written in Chinese and valid for six months since the
effective date of this executed Agreement.

(5)
This Agreement is made in duplicate. Party A and Party B shall hold one copy
respectively and each copy shall have the same legal binding effect.

China Marine Food Group Limited

/s/ Pengfei Liu
 
  
 
Signature by Legal Representative
 

World Global Investments Hong Kong Limited

/s/ William Wong
 
  
 
Signature by Legal Representative
 

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