Crewmen
Assignment Supplemental Agreement

    


    (Unofficial
Translation)

    


    Party A (Lessor): Lianyungang
Hengrong Shipping Service Co., Ltd.

    Address: Road 6 Development
District, Lianyun District, Lianyungang City

    Address of Fuzhou branch: 803 Time
International Square, 89 Fuxinzhonglu Road, Jinan District, Fuzhou
City

    Legal Representative: CHEN
Xiaobin

    


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

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

    Legal Representative: LIN
Qing

    


    Whereas
the two parties entered into Supplemental Ship Lease
Agreement on April 13th, 2010,
through friendly consultation, Party A and Party B agree upon the following
supplements to the Crew
Allocation Agreement executed on January 8th,
2008:

    


    
      	
              1.

            	
              As
      the lease term of Hengshengjun 88 is renewed until January 9th,
      2016, the term of the crew allocation designated in the original agreement
      is renewed accordingly until January 9th,
      2010 upon the expiration of the original
  agreement;

            


    

    
      	
              2.

            	
              Refer
      to the attached Crew
      Allocation List for the structure and number of the crew members
      provided by Party A;

            


    

    
      	
              3.

            	
              The
      crew allocation fees designated in the original agreement stay unchanged
      at RMB three hundred thousand yuan even (¥300,000.00 yuan) per
      month.  The payment is made by
season;

            


    

    
      	
              4.

            	
              The
      crew allocation fees include salaries, benefits, social insurances
      (including but not limited to endowment insurance, unemployment insurance,
      medical care insurance, maternity insurance, employment injuries
      insurance, housing fund, and commercial insurance) and bonus that Party A
      is obliged to pay to the crew members of Hengshengjun 88.  Party
      A is responsible for the social insurance and benefits of the
      crew;

            


    

    
      	
              5.

            	
              After
      the term expires in 2016, under the same conditions, Party B has the
      priority to hire the crew given that Party B continue to lease ships from
      Party A;

            


    

    
      	
              6.

            	
              Party
      A ensures that all crew members possess the professional skills and
      required licenses corresponding to their
work.

            


    

    
      	
              7.

            	
              Other
      items in the original agreement do not
change.

            


    

    
      	
              8.

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

            


    

     

    Party A: Lianyungang Hengrong
Shipping Service Co., Ltd. (Seal)

    Legal Representative: CHEN
Xiaobin /s/

    


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

    Legal Representative: LIN Qing
/s/

    Date of execution: May 21st,
2010