Ship
Lease 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 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 January 8th,
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 twenty three
      million yuan. (¥ 23,000,000.00);

            


    

    
      	
               
      

            	
              3.

            	
              Party
      B does not purchase the ship “Hengshengjun
88”;

            


    

    
      	
               
      

            	
              4.

            	
              Party
      B need not make the ship transfer payment in the amount of seventy million
      yuan even (¥ 70,000,000,00);

            


    

    
      	
               
      

            	
              5.

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

            


    

    
      
        	
                II.

              	
                After
      the original agreement expires, Party B renews the lease until January
      9th,
      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 twenty three million
      yuan even (¥ 23,000,000.00);

            


    

    
      	
              IV.

            	
              Other
      items in the original agreement do not
change.

            


    

    
      	
              V.

            	
              This
      supplementary 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: April
13th,
2010