Ship
Lease Supplemental Agreement

    


    (Unofficial
Translation)

    


    Party A (Lessor): Fujian
Lutong Highway Engineering Construction Co., Ltd.

    Address: Room 1705 &1706,
Floor 17, Yinhe Garden Hotel, 243 Wusi Road, Fuzhou City

    Legal Representative: LIN
Xiuzhen

    


    Party B (Lessee): Fujian Xing
Gang Port Service Co., Ltd.

    Address: Floor 17, Tower A,
Zhongshan Building, 154 Hudong Road, Fuzhou City.

    Legal Representative: LIN
Qing

    


    Through
friendly consultation, Party A and Party B agree upon the following supplements
to the Ship Lease Agreement executed on May 20th,
2008:

    
      	
               
      

            	
              I.

            	
              Upon
      the expiration of the original
agreement:

            


    

    
      	
               
      

            	
              1.

            	
              Party
      A need not conduct ship certificate change
  procedures;

            


    

    
      	
               
      

            	
              2.

            	
              Party
      A does not refund the ship security deposit in the amount of Thirty four
      million five hundred thousand yuan even. (¥
  34,500,000.00);

            


    

    
      	
               
      

            	
              3.

            	
              Party
      B does not purchase the ship “Xing Gangjun
9”;

            


    

    
      	
               
      

            	
              4.

            	
              Party
      B need not make the ship transfer payment in the amount of ninety seven
      million five hundred thousand yuan even (¥
  97,500,000,00);

            


    

    
      	
               
      

            	
              5.

            	
              Party
      A and Party B do not conduct ship transfer
  procedures.

            


    

    
      	  	
              II.

            	
              After
      the original agreement expires, Party B renews the lease until May 31st,
      2016.

            


    

    
      	  	
              III.

            	
              When
      term expires in 2016, Party B has the priority to renew the lease under
      the same conditions.  If Party B decides not to renew the lease,
      within 7 business days after the expiration of the
  term:

            


    

    
      	
               
      

            	
              1.

            	
              Party
      A and Party B conduct ship transfer
procedures;

            


    

    
      	
               
      

            	
              2.

            	
              Party
      A refunds the ship security deposit in the amount of thirty four million
      five hundred thousand yuan even (¥
  34,500,000.00);

            


    

    
      	  	
              IV.

            	
              Other
      items in the original agreement do not
change.

            


    

    
      	  	
              V.

            	
              This
      supplemental agreement has the same legal validity as the original
      agreement.

            


    

    


    Party A: Fujian Lutong Highway
Engineering Construction Co., Ltd. (Seal)

    Legal Representative: LIN
Xiuzhen /s/

    


    Party B: Fujian Xing Gang Port
Service Co., Ltd. (Seal)

    Legal Representative: LIN Qing
/s/

    


    Date of execution: April
11th,
2010