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| 1. | Contracted Management;      Effective Date |
|----|--------------------------------------------|

|  | 1.1 | Pursuant      to the terms and conditions of the Agreement, the Parties agree to engage      the WOFE to manage the operations of  Fujian Xing Gang. During      the term of contracted management, the WOFE and/or the senior officers      employed by the WOFE (the “Officers”) shall take      full charge of the business operations of Fujian Xing  Gang. |
|--|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 1.2 | The      Parties agree and confirm that from the date of this Agreement set forth      in the first paragraph of this Agreement (“Effective Date”), the WOFE      and/or the Officers shall take full charge of the business operation of      Fujian Xing Gang, running and managing the business of  Fujian      Xing Gang in accordance with the laws, administrative rules and      regulations and the covenants applicable to this  Agreement. |
|--|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 1.3 | This      Agreement is an exclusive contracted management agreement. During the      period from Effective Date to the date that this Agreement is terminated,      Fujian Xing Gang agree  not to contract its business to any      other party for management, and each of Wonder Dredging      and  Fujian Xing Gang hereby agree not to interfere with the      business operations conducted by theWOFE. |
|--|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 2. | Term      of the Contracted Management (the“Term”) |
|----|----------------------------------------------------------------|

|   | 2.1 | This      Agreement shall be terminate upon the earlier  of: |
|--------|-----|--------------------------------------------------------------|

|  | (1) | such      time that the the WOFE or another person designated by the WOFE (the      “Designated Person” ) exercises the exclusive right to purchase the equity      interest in Fujian Xing Gang in accordance with the terms of the Contract      Relating to the Exclusive Purchase Right of the Equity Interest Agreement      (the “Purchase Agreement”) signed by the Parties dated as of June 30,      2010, and |
|--|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (2) | The      WOFE and/or the Designated Person individually/jointly own all of the      equity interests in Fujian Xing Gang;or |
|--|-----|-----------------------------------------------------------------------------------------------------------------------------|

|  | (3) | 20      years from the Effective Date, subject to the right of the WOFE, at its      sole option,  to renewthe term of this Agreement for successive      20 year periods prior to the expiration of each 20 year period upon prior      written notice to Wonder Dredging and Fujian Xing  Gang. |
|--|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | Calculation      and Payment of the Fees for the Contracted Management (the      “Fees”); |
|----|-------------------------------------------------------------------------------------------------------|

|  | 3.1 | The      parties agree that the WOFE shall, in consideration of the exclusive right      to manage the business operations of Fujian Xing Gang, pay an annual fee      of RMB 1 million in to Fujian Xing Gang. Such payment shall be      madewithin the first month of every applicable  year. The WOFE      may disburse such payment  from the account of Fujian Xing      Gang.  Party C's Executive Director or Board to make resolution      to determine the contracted management fees for the current year within      the first month of the year. |
|--|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | 3.2 | During      the term of the contracted management, the WOFE is entitled to 100% of the      net profits (the gross profits minus the costs and expenses, including the      tax payable all as determined in accordance with US generally accepted      accounting principles)  reported by Fujian Xing Gang (the “Net      Profits”). Fujian Xing Gang shall adopt a resolution by the Executive      Director or the Board of Directors within the first month of every      contracted management year to confirm the plan for the fees disbursal of      that year. |
|--|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.3 | The      Parties to this Agreement shall pay all their tax liabilities pursuant to      all the existing and effective taxation laws and administrative rules and      regulations in PRC. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | Delivery |
|----|----------|

|  | 4.1  | Within  five      working days from the Effective Date, Wonder Dredging and Fujian Xing Gang      shall deliver the documents set forth in 4.2 to the WOFE in order that the      WOFE can perform the contracted management services to Fujian Xing      Gang pursuant to the terms of thisAgreement. |
|--|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 4.2 | At      the request of the WOFE, Wonder Dredging and Fujian Xing Gang shall      deliver copies of the following documents to the  WOFE: |
|--|-----|------------------------------------------------------------------------------------------------------------------------------------------|

|   | (1) | all      the ownership certificates in the name of Fujian Xing Gang or any      affiliated party which relate to the business operations of Fujjian Xing      Gang, including but not limited to the Ownership Registry Certificates of      the ships and Certificates of Nationality of the ships,  and |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | (2) | all      the business permits and licenses and other related documents held by      Fujian Xing Gang, and |
|--------|-----|-----------------------------------------------------------------------------------------------------------|

|   | (3) | all      the financial seals and accounting books and records of Fujian Xing Gang,      and |
|--------|-----|---------------------------------------------------------------------------------------------|

|   | (4) | the      technical data related to the business operations of Fujian Xing Gang,      and |
|--------|-----|------------------------------------------------------------------------------------------|

|   | (5) | the      management data related to the business operations of Fujian Xing Gang,      and |
|--------|-----|-------------------------------------------------------------------------------------------|

|   | (6) | All      the related documents which are necessary in order for the WOFE to      effectively manage the business of Fujian Xing Gang commencing on the      Effective Date. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | The      WOFE’s Rights and Obligations |
|----|----------------------------------------------|

|   | 5.1 | The      WOFE’s rights. During the Term of this Agreement the WOFE shall have the      right to: |
|--------|-----|--------------------------------------------------------------------------------------------------------|

|  | 5.1(1)  | manage      and control the business and assets of Fujian Xing Gang in its sole      discretion. The right of management includes, but not limited to, the      rights of (1) establishing and implementing the policies and guidelines of      the management, and (2) directing the use of all of the assets of Fujian      Xing Gang, including but not limited to, the real property, intangible      property and working capital. |
|--|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 5.1(2) | designate      the directors to Fujian Xing Gang and replace the directors of Fujian Xing      Gang and all its affiliates at any time in its sole      discretion. |
|--|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | 5.1(3) | appoint      the managing officers to Fujian Xing Gang, including the general manager,      deputy general manager and or other senior officers and the financial      controller. |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 5.1(4) | to      delineate the organizational structure of the Fujian Xing Gang and employ      any technical personnel required for the business of  Fujian      Xing Gang. |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.1(5)  | establish      Fujian Xing Gang’s employer-employee arrangements including but not      limited to, rewards and punishment, dismissal, wages, all in accordance      with the relevant laws and administrative rules and regulations, with      approval by the board of directors of Fujian Xing Gang and all its      subsidiaries. |
|--------|--------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.1(6) | take      a loan directly or cause Fujian Xing Gang or its affiliates to borrow      funds, with prior notice  to Wonder Dredging, , provided that      the loan shall be used for the operation and management of Fujian Xing      Gang. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.1(7) | receive      100% of the Net Profits of Fujian XingGang. |
|--------|--------|----------------------------------------------------------|

|   | 5.1(8) | exercise      all other customary powers and duties associated with the management      authority and responsibilities contemplated  hereby. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5.2 | The      WOFE’s Obligations |
|--------|-----|-----------------------------------|

|   | 5.2(1) | The      WOFE shall operate the business of Fujian Xing Gang as contractor      according to thisAgreement. |
|--------|--------|-------------------------------------------------------------------------------------------------------------|

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|  | 5.2(2) | The      WOFE will operate and manage the business and assets of Fujian Xing Gang      in accordance and compliance with applicable laws and      regulations. |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 5.2(3) | The      WOFE shall repair, maintain, renovate and purchase new assets to ensure      that Fujian Xing Gang’s business is operated and managed in good status.      The cost for such repair, maintenance, renovation and purchase will be      borne by Fujian Xing Gang. |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| .6. | Wonder Dredging and Fujian Xing      Gang’s Obligations |
|-----|---------------------------------------------------------------|

|  | 6.1(1) | Wonder      Dredging and Fujian Xing Gang shall assist the WOFE in carrying out the      contracted management in accordance with the terms of this      Agreement.  Wonder Dredging agrees to execute a Power of      Attorney granting the WOFE certain rights, including full voting power      over its equity interest in Fujian XingGang. |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 6.1(2) | Without      the WOFE’s written consent, Wonder Dredging and Fujian Xing Gang      shall  not directly or indirectly dispose of the assets of      Fujian Xing Gang by mortgage, pledge, assignment or any other      methods. |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 6.1(3) | Wonder      Dredging and Fujian Xing Gang shall not interfere with the WOFE’s control      and management of the operations of Fujian Xing  Gang.. |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 6.      2(4) | Each      of Wonder Dredging and Fujian Xing Gang agrees that Wonder Dredging will      continue to maintain the legal ownership of the equity interest in Fujian      Xing Gang until such equity interest has been purchased by the WOFE or the      Designated Person in accordance with the terms of the Purchase      Agreement. |
|--|--------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 7. | Representation,      Warranties and Promises |
|----|----------------------------------------------|

|  | 7.1 | Representation,      Warranties and Promises by The WOFE hereby represents and warrants      that |
|--|-----|---------------------------------------------------------------------------------------------------|

|  | 7.1(1) | It      has the right and ability to sign and perform this Agreement. The      Agreement is binding on the WOFE in accordance with its    terms. |
|--|--------|--------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 7.1(2) | It      has taken such appropriate and necessary action to authorize the      appropriate persons to sign and execute and perform the obligations under      this Agreement and obtained any necessary approvals and      authorizations. |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 7.1(3) | Its      execution and performance of this Agreement does not violate any laws or      administrative rules and regulations, or any agreements or any covenants      with a third party. |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 7.1(4) | All      the materials provided by it and its legal representatives and all other      authorized persons are authentic andaccurate. |
|--|--------|--------------------------------------------------------------------------------------------------------------------------------------|

|  | 7.2 | Representation, Warranties and      Promises by Wonder Dredging and Fujian Xing Gang.  Each of      Wonder Dredging and Fujian Xing Gang represent and warrants      that |
|--|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 7.2(1) | They      are limited liability companies duly incorporated and validly existing      under the laws of PRC. They have the rights and abilities to sign and      execute and perform this Agreement. This Agreement is binding on them in      accordance with itsterms. |
|--|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | 7.2(2) | They      have authorized the appropriate persons to sign and execute and perform      the obligations under this Agreement and obtained any necessary approvals      and authorizations. |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 7.2(3) | Their      execution and performance of this Agreement does not violate any laws or      administrative rules and regulations, which is binding upon it, nor does      such execution and performance violate any agreement to which it is a      party, or any covenant with any thirdparty. |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 7.2(4) | All      the materials provided by them and their legal representatives and all      other authorized persons are authentic and  accurate.. |
|--|--------|---------------------------------------------------------------------------------------------------------------------------------------------|

|  | 7.2(5) | Wonder      Dredging has full authority to enter into this Agreement to engage the      services of the WOFE for the management of the business operations of      Fujian Xing Gang. |
|--|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 7.2(6) | Prior      to (including) the Effective Date, the assets of Fujian Xing Gang are in      good working condition. |
|--|--------|------------------------------------------------------------------------------------------------------------------|

| 8. | Modification and      Assignment |
|----|----------------------------------|

|   | 8.1 | Any      modifications to this Agreement must be in writing signed by the Parties      after negotiation. |
|--------|-----|-----------------------------------------------------------------------------------------------------------|

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|  | 8.2 | Wonder      Dredging and Fujian Xing Gang irrevocably agree and promise that the WOFE      is entitled, in its sole discretion, to assign or partly assign all the      rights and obligations under this Agreement to any other party designated      by the WOFE, without the consent, of any other Party and agrees to notify      the other Parties of such assignment,.. |
|--|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 8.3 | Each      of Wonder Dredging and Fujian Xing Gang  irrevocably agrees and      promises that the WOFE is entitled to, in its sole discretion, dissolve      this Agreement by notifying them without their  consent. |
|--|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9. | Liabilities      for Breach of the Agreement and the Termination of the      Agreement |
|----|----------------------------------------------------------------------------------------|

|  | 9.1 | Unless      otherwise stipulated under this Agreement, in case of any loss sustained      by one Party hereto due to any breach of this Agreement by the other      Party(s), the breaching Party shall bear legal liabilities according to      the law and be liable for all losses sustained by the non-defaulting      party(s) due to such breach. |
|--|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 9.2 | The      Parties agree that the liabilities for breach of the Agreement are      compensatory and shall not exceed the losses sustained by the      non-defaulting party(s) |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 9.3 | This      Agreement may be terminated in the occurrence of any of the following      events: |
|--------|-----|----------------------------------------------------------------------------------------------|

|   | (1) | this      Agreement is terminated in accordance with its terms;  or |
|--------|-----|---------------------------------------------------------------------|

|   | (2) | pursuant      to Section 8.3 hereof. |
|--------|-----|--------------------------------------|

|  | 9.4 | According      to Section 8.3, the WOFE has the right to terminate this Agreement by      delivering written notice to Wonder Dredging and Fujian Xing Gang. In such      event, this Agreement will terminate without penalty upon the delivery of      the written notice to Wonder Dredging and Fujian Xing  Gang. |
|--|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | 9.5 | Excepted      as set forth in Section 8.3 in this Agreement, no Party shall dissolve      this Agreement in its sole discretion, nor shall any party interfere with      the normal execution and performance of this Agreement by the other      party(s). |
|--|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10. | Force      Majeure |
|-----|--------------------|

|  | 10.1 | No      party shall be liable if it is delayed or prevented from performing its      obligations 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. |
|--|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 10.2 | When      the event of Force Majeure arises, the affected party shall inform the      other Parties within 15 business days. The affected party which does not      perform the obligations under this Agreement shall be responsible for any      damage caused by failure of informing other parties. After the event of      Force Majeure is removed, the affected party shall resume performance of      this Agreement with its bestefforts. |
|--|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11. | Governing      Laws and Settlement of theDisputes |
|-----|---------------------------------------------------|

|  | 11.1 | The      execution, validity, performance, interpretation and settlement of      disputes shall be governed by PRClaws. |
|--|------|-------------------------------------------------------------------------------------------------------------------------|

|  | 11.2 | If      any disputes arise out of performance of this Agreement, the Parties shall      first settle such disputes through friendly negotiations. Should such      disputes fail to be settled through negotiation within 20 days after the      disputes arises, each Party may submit such disputes to the court with      jurisdiction. |
|--|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 12. | Miscellaneous |
|-----|---------------|

|  | 12.1 | The      parties to the Agreement agree that all the business materials relating to      the performance of the Agreement are confidential and shall not be      disclosed to a third party unless the disclosure of materials is required      by the laws or administration rules and regulations of PRC 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. |
|--|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 12.2 | Notices      or other communications required to be given by any party pursuant to this      Agreement shall be written. Any party should inform the other parties if      his address, contact number or fax number have been changed. If a Party      fails to inform the other Parties of its contact information, the notice      will deemed to be duly served when it is delivered to the prior address or      fax number known by otherParties. |
|--|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 12.3 | 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 provisions or      any other provision hereof. |
|--|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 12.4 | 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. |
|--|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 12.5 | 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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| Fujian      WangGang Dredging ConstructionCo.,      Ltd. /seal/ |   |
|-----------------------------------------------------------------|--------|
|                                                            |   |
| By                                                              |   |
| Name:      /s/ LIN Bin                                          |   |
| Title:                                                          |   |
|                                                            |   |
| Wonder      Dredging LLC. /seal/                                |   |
|                                                            |   |
| By                                                              |   |
| Name:      /s/ LIN Qing                                         |   |
| Title:                                                          |   |
|                                                            |   |

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| Fujian      Xing Gang Port Service Co., Ltd./seal/ |   |
|----------------------------------------------------|--------|
|                                               |   |
| By                                                 |   |
| Name:      /s/ LIN Qing                            |   |
| Title:                                             |   |

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