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| 1. | Fujian      Xing Gang is a limited liability company that is invested by a      foreign-owned enterprise, duly registered and is validly existing under      the laws of the People’s Republic of China (the “PRC”), specializing in      dredging port and waterways. Its registered capital is RMB      200,000,000. On June 20, 2010, based on  Fujian Xing Gang’s      audited net asset value (“NAV”) as of March 31, 2010, as adjusted for      the dividend payment distributed to Wonder Dredging on May 27, 2010,      Fujian Xing Gang has a pricing basis of RMB158,597,183, the WOFE invested      the equivalent amount RMB158,587,183 in Fujian Xing Gang for      its equity interest in Fujian Xing Gang. After the investment by the      WOFE, each of Wonder Dredging and WOFE holds a fifty percent      (50%) equity interest in Fujian XingGang. |
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| 2. | In June 30, 2010 the Parties      to  this Agreement entered into the Contracted Management      Agreement (“Management Agreement”) which stipulates that Fujian Xing Gang      is contracted to the WOFE for management and  the WOFE and/or      the seniors officers employed by the WOFE have agreed to  take      full charge of the Fujian Xing Gang’s business operations and management      during the period of the contracted  management. |
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| 1.1 | Wonder      Dredging hereby irrevocably grants to the WOFE an exclusive right      (“Purchase Right”) to purchase part or all of the equity interest held by      Wonder Dredging in Fujian Xing Gang (“Equity      Interest”).  Accordingly, the WOFE or one or more persons      designated by WOFE (the “Designated Person”) are entitled to purchase all      or any part of the Equity Interest from Wonder Dredging at any time,      provided that the business and operations of Fujian Xing Gang will not be      adversely affected by PRC law if the WOFE holds more than a 50% equity      interest in Fujian Xing Gang. |
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| 1.2 | Wonder Dredging promises that other than the WOFE and the Designated Persons, no      other party has a right to purchase an equity interest in Fujian Xing      Gang. |
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| 2.1 | The      Parties to this Agreement agree that the WOFE shall deliver a written      notice to purchase the Equity Interest (the “Notice of Purchase Equity      Interest”) at any time to Wonder Dredging, provided that the transfer of      the Equity Interest will not materially and adversely affect Fujian Xing      Gang’s normal business operations. Once the Notice of Purchase Equity      Interest has been  delivered, Wonder Dredging agrees to take all      requisite action to transfer the valid ownership (the “Transfer      Performance”) of the Equity Interest in Fujian Xing Gang to the WOFE      and/or the Designated Person in any applicable PRC administration of      industry and commerce. Subject to the laws of PRC, Wonder Dredging      promises to complete Transfer Performance within ninety (90) days from the      date of receiving the Notice of Purchase of Equity Interest. During      the Transfer Performance period, the Parties hereto and the Designated      Person shall execute all other requisite documents and actions under the      laws of PRC, including without limitation, entering into the contracts      relating to the transfer of Equity Interest (“Equity Interest Transfer      Contract”), holding a shareholders’ meeting and adopting shareholders’      resolutions, amending Fujian Xing Gang’s Constitution, and providing all      necessary materials and information, to cause  the WOFE and/or      the Designated Person to be the registered owner of the Equity Interest      being transferred. |
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| 2.2 | Every      time upon  the WOFE’s execution of the Purchase Right, Wonder      Dredging shall: |
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|  | 2.2(1) | urge      Fujian Xing Gang to convene the shareholders’ meeting, and during the      meeting,  adopt the resolution to transfer the Equity Interest      from Wonder Dredging to  the WOFE and/or the Designated      Person; |
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|  | 2.2(2) | upon      the stipulations of the Contract and the Notice of Purchase of Equity      Interest from the WOFE, enter into Equity Interest Transfer Contract      with the WOFE and/or the DesignatedPerson; |
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|  | 2.2(3) | with      the WOFE and/or the Designated Person and Fujian Xing Gang, sign or enter      into all other requisite contracts or documents, acquire all requisite      approvals and consents of the government, unconditionally perform all      requisite action to transfer the valid ownership of the Equity Interest to      the the WOFE and/or the Designated Person and to cause the WOFE and/or the      Designated Person to be the registered owner of the Equity Interest being      transferred; |
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|  |  2.2(4) | take      such action as required herein in a timely fashion and if an extension of      the scheduled time is needed, Wonder Dredging agrees to notify the WOFE      without delay. |
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| 2.3 | When      the Equity Interest has been transferred, all the rights and obligations      thereunder  shall betransferred. |
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| 2.4 | Wonder      Dredging shall take such action as may be necessary to cause Fujian Xing      Gang to issue the certificate evidencing the capital contribution within      thirty (30) days to the WOFE and/or the Designated Person after the      Transfer Performance is completed. |
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| 2.5 | The      WOFE has the right to have Fujian Xing Gang’s accounts and records audited      by the auditor. |
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| 4.1 | Representations      and Warranties from Wonder Dredging to theWOFE: |
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|  | 4.1(1) | Wonder      Dredging is a limited company duly registered and validly existing under      the laws of PRC. It has the right and ability to sign and execute and      perform this Agreement and any instruments relating to  this      Agreement. This Agreement and the related instruments are binding upon      Wonder Dredging in accordance with theirterms; |
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|  | 4.1      (2) | Wonder      Dredging has taken such appropriate and necessary action to authorize the      appropriate persons to sign and execute and perform the obligations under      this Agreement and has obtained any necessary approvals and      authorizations; |
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|  | 4.1(3) | Wonder      Dredging has obtained all required consents relating to the execution of      this Agreement and the Transfer Performance from such parties as may be      necessary, including but not limited to, the creditors of Wonder Dredging      and Fujian Xing Gang and any required banks.  The execution and      performance of the obligations of Wonder Dredging hereunder do not (i)      violate any relevant laws or administrative rules and regulations of PRC;      or (ii) breach any contracts entered into by Wonder Dredging with any      third party. |
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|  | 4.1(4) | The      Equity Interest has been legally obtained and is beneficially owned by      Wonder Dredging without any security interest at the present time or in      the future. For this Section to this Agreement, “Security Interest” shall      mean any mortgage, pledge or  any other lien on the Equity      Interest for the benefit of a thirdparty. |
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| 4.2 | The      WOFE hereby makes the following representations and warrants to Wonder      Dredging: |
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|  | 4.2(1) | The      WOFE is a limited company duly registered and validly existing under the      laws of PRC. It has the right and ability to sign and execute and      perform  this Agreement and any instruments relating to this      Agreement. This Agreement and related instruments are binding on the WOFE      in accordance with theirterms. |
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|  | 4.2(2) | The      WOFE has taken such appropriate and necessary action to authorize the      appropriate persons to sign and execute and perform the obligations under      this Agreement and has obtained any necessary approvals and      authorizations. |
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| 4.3 | Wonder      Dredging and the WOFE make mutual representations and warranties that all      the representations and warranties between them are authentic and      accurate. |
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| 5.1 | Without      prior consent by the WOFE, Wonder Dredging shall not, before the Equity      Interest has been transferred to the WOFE and/or the Designated Person,      transfer, mortgage, or dispose of the Equity Interest or any interest      therein, under any circumstance or take any action which would create any      type of lien on it. Wonder Dredging promises not to permit  the      board of shareholders or the board of directors of Fujian Xing Gang to      adopt any resolutions to transfer, mortgage, pledge the Equity Interest or      create a lien on the EquityInterest. |
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| 5.2 | Without      prior written consent of the WOFE, Wonder Dredging and Fujian Xing Gang      promise not to cause Fujian Xing Gang’s business scope to be changed or      cause Fujian Xing Gang to be liquidated, terminated or      dissolved. |
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| 5.3 | Without      the prior written consent of the WOFE, Wonder Dredging and Fujian Xing      Gang promise not to change the Constitution of Fujian Xing Gang in any      manner whatsoever. |
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| 5.4 | Without      the prior written consent of the WOFE, Wonder Dredging and Fujian Xing      Gang promise not to increase or decrease Fujian Xing Gang’s registered      capital or change the proportion of equity interest in Fujian Xing Gang or      change the form of capitalcontributions. |
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| 5.5 | Following      proper finance and business standards and traditions, Wonder Dredging and      Fujian Xing Gang promise to maintain the existence of the Fujian Xing      Gang, prudently and effectively operate the business of Fujian Xing Gang      under the management of the WOFE in accordance with the terms of the      Management Agreement; |
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| 5.6 | Without      prior written consent  of the WOFE, from the signing date of      this Contract, Wonder Dredging and Fujian Xing Gang promise not, at any      time, to adopt any resolutions in shareholders’ meeting to      approve to sell, transfer, mortgage or dispose the Equity Interest in any      manner whatsoever, or approve the grant of any other lien on it, unless      otherwise directed or authorized by the WOFE in accordance with the terms      of the ManagementAgreement; |
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| 5.7 | In      addition to the rights granted to the WOFE under the Power of Attorney, if      requested by WOFE, Wonder Dredging agrees to appoint the persons nominated      by the WOFE to act as all the directors of Fujian Xing Gang and cause the      board of directors of Fujian Xing Gang to appoint the persons nominated by      the WOFE to act as the general manager, chief finance controller and other      supervisors of Fujian Xing Gang, who will perform all their      responsibilities pursuant to Companies Law of PRC and the Constitution of      Fujian Xing Gang. |
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| 5.8 | Fujian      Xing Gang agrees that Wonder Dredging, upon the stipulations in this      Contract, shall transfer the Equity Interest to the WOFE or the Designated      Person. |
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| 5.9 | Wonder      Dredging irrevocably agrees to delegate the voting and any other power as      the holder of Equity Interest in Fujian Xing Gang to the WOFE or the      Designated Person, and in furtherance thereof will execute such documents      as may be necessary to effectuate the foregoing including but not limited      to the execution of a power ofattorney. |
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| 5.10 | Wonder      Dredging agrees not to allow Fujian Xing Gang to commence any litigation      or arbitration without the WOFE’s prior      written consent and not to settle any disputes through negotiations in any      litigation or arbitration without the WOFE’s prior      written consent. |
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| 5.11 | Wonder      Dredging agrees to contribute to Fujian Xing Gang the full amount of      the Price of Payment received by it pursuant to the terms of this      Agreement. Wonder Dredging agrees that it will pay all taxes, costs      and expenses related to thethereto. |
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| 5.12 | Wonder      Dredging agrees that, as of the date of entering into  this      Agreement, all funds received by Wonder Dredging from Fujian Xing Gang      shall be distributed to the WOFE. Any and all the dividends      declared by Fujian Xing Gang belong to theWOFE. |
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| 5.13 | Without      prior written consent by the WOFE, Fujian Xing Gang shall not sell,      assign, gift, mortgage or dispose of its assets in any manner whatsoever      to Wonder Dredging. |
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| 5.14 | Without      prior written consent by WOFE, Fujian Xing Gang shall not (i) terminate      the Management Agreement, or this Agreement (“Two Agreements”), or      (ii) enter into any other agreement which will      adversely affect the performance of the Two      Agreements. |
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| 5.15 | Without      prior written consent from the WOFE, Fujian Xing Gang shall not borrow      from any other party or secure the debt for the benefit of a third      party. |
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| 5.16 | Without      prior written consent from the WOFE, Fujian Xing Gang shall not take part      in a merger or acquisition transaction with any enterprise or      person. |
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| 5.17 | Without      prior written consent from the WOFE, Fujian Xing Gang shall not transfer      its assets to the account of any other enterprise or    person. |
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| 5.18 | Without      prior written consent from the WOFE, Fujian Xing Gang shall not take any      actions to assist in the transfer of the equity interest held by Wonder      Dredging. |
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| 5.19 | Without      prior written consent from the WOFE, Fujian Xing Gang shall not waive the      rights to any credit or anyprofit. |
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| 6.1 | No      party shall be liable if it is delayed or prevented from performing its      obligation under this Agreement by Force Majeure. Force Majeure means acts      of nature, fire, earthquake, war and political turmoil, and any other      event that is beyond the party’s reasonable control and cannot be      prevented with reasonablecare. |
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| 6.2 | When      an event of Force Majeure arises, the affected party shall inform the      other parties within 15 business days. The affected party who does not      perform the obligations under this Agreement shall be responsible for any      damage caused by failure of informing other parties. After an event of      Force Majeure is removed, the affected party shall resume performance of      this Agreement with its bestefforts. |
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| 7.1 | This      Agreement shall be effective when it is entered into, with an initial      term of 20 years unless it is terminated earlier pursuant to the terms      herein. During the term of this Agreement the WOFE can, at any time,      purchase from Wonder Dredging the Equity Interest, and this Agreement      shall terminate when the Transfer Performance of all the Equity Interest      is completed. The initial term of this Agreement shall be continuously      extended for consecutive additional 20 year periods in the event that      the entire Equity Interest is not purchased by the WOFE or the Designated      Person prior to the expiration of theterm. |
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| 8.1 | Without      the prior written consent of WOFE, Wonder Dredging shall not assign its      rights and obligations hereunder to anyperson. |
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| 8.2 | The      WOFE has the right to assign its rights and obligations to this      Agreement. |
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| 8.3 | This      Agreement shall bind and benefit the successors of Wonder      Dredging |
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| 9.1 | The      execution, validity, performance, interpretation and settlement of      disputes shall be governed by PRClaws. |
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| 9.2 | If      any disputes arise out of performance of this Agreement, the Parties shall      first settle such disputes through friendly negotiations. Should such      dispute fail to be settled through negotiation within 20 days after the      disputes arises, each Party may submit such dispute to the court with      jurisdiction. |
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| 10.1 | The      Parties to this Agreement agree that all the business materials related to      this Agreement and the Management Agreement are confidential and should      not be disclosed to a third party unless the disclosure of materials is      required by the PRC laws or administration rules and regulations or by      supervising authority.  Notwithstanding the foregoing, the      Parties acknowledge that this Agreement can be filed with the Securities      and Exchange Commission in the UnitedStates. |
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| 10.2 | Notices      or other communications required to be delivered by any party pursuant to      this Agreement shall be written. Any party should inform the other parties      if its address, contact number or fax number has been changed. If a Party      fails to inform the other Parties of its contact information, the notice      shall deemed to be duly served when it is delivered to the prior address      or fax number known by otherParties. |
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| 10.3 | Should      all or any part of any provision hereof be held void by the court with      jurisdiction or the relevant authority, then such part of the provision      shall be deemed to have been deleted; provided that, such deletion shall      in no way affect the legal force of any other part of the provision or any      other provision hereof. |
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| 10.4 | The      amendments (if any) duly executed by the Parties shall be part of this      Agreement and shall have the same legal effect as this      Agreement. |
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| 10.5 | This      Agreement is made in six (6) originals, in Chinese, of which each Party      shall hold two. Each original has the same  validity. |
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| Wonder      Dredging Engineering LLC./seal/                    |
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| By                                                             | /s/      Qing Lin  |   |
| Name:      Qing Lin                                            |
| Title:                                                         |
|                                                           |
| Fujian      Wangang Dredging ConstructionCo.,      Ltd. /seal/ |
| By                                                             | /s/      Bing Lin  |   |
| Name:      Bing Lin                                            |
| Title:                                                         |
|                                                           |

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| Fujian      Xing Gang Port Service Limited/seal/ |
|--------------------------------------------------|
| By                                               | /s/      Qing Lin  |   |
| Name:      Qing Lin                              |
| Title:                                           |

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