Exhibit 10.5 





Employment Agreement 





Entered into
and effective as of between Sino Shipping Holdings Inc (Company) and Mr. JAMES
JI TONG SZE (Employee). 





1. Term of
Employment 


The term of
Employee’s employment pursuant to this Agreement (the “Term”) shall begin on November
12, 2009, and shall end on November 11, 2011, subject to the provisions of this
Agreement providing for earlier termination of Employee's employment in certain
circumstances. 









2. Position 


Company hereby
employs Employee as the SENIOR VP&COO to render full-time services in an
executive capacity to Company and to the subsidiaries of Company engaged and in
connection therewith to devote his best effort to the affairs of the Company
and to perform such duties as Employee shall reasonable be directed to perform
by officers of the Company. 


Employee
hereby accepts such employment and agrees to render such services. Employee
agrees to render such services at Company’s office, but Employee will travel on
temporary trips to such other place or places as may be required from time to
time to perform his duties hereunder. 





3. Labor
protection 


Company shall
provide healthy and safe working environment in accordance with national
regulations to protect Employee from danger and hurt when working. 


Company shall
provide necessary labor protection tools to Employee according to regulations
and actual needs. 








4. Education
and Training 


Company is
responsible for any training related with business moral, operation techniques,
production safety and regulation, etc. Employee shall accomplish work in
accordance with Company regulations and Company instruction and assignments. 





5. Working
time 


40 hours per
week in accordance with Company policies. 


Employee shall
have the right to enjoy legal holidays, official holidays and other paid
leaves, etc. 


Company shall
provide Employee with overtime compensation in accordance with company
policies. 





6.
Compensation 


As
compensation for all services to be rendered pursuant to this Agreement to or
at the request of Company, Company agrees to pay Employee a basic salary at the
rate of RMB7,000 per month. Probation a month. 









Company shall
pay or reimburse Employee for all necessary and reasonable expenses incurred or
paid by Employee in connection with the performance of services under this
Agreement upon presentation of expense statements or vouchers or such other
supporting information as it from time to time requests evidencing the nature
of such expense, and, if appropriate, the payment thereof by Employee, and
otherwise in accordance with Company procedures from time to time in effect. 





The Salary set
forth hereinabove shall be payable on 10th of every month, in
accordance with the regular payroll practices of the Company for executives.
All payments hereunder shall be subject to the provisions hereof. 





7. Insurance
and welfare treatment 


During the
Term, Employee shall be entitled to participate in any group insurance,
qualified pension, hospitalization, medical health and accident, disability, or
similar plan or program of the Company now existing or hereafter established to
the extent that he is eligible under the general provisions thereof.
Notwithstanding anything herein to the contrary, however, Company shall have
the right to amend or terminate any such plans or programs. 












8. Labor
Discipline 


Employee shall
abide by national laws, regulations and Company policies. 


Employee shall
abide by working procedures, Non-disclosure regulations etc. 


If Employee
seriously violate labor disciplines or the rules and regulations of the Company,
Company shall give punishments etc to Employee until the Employment Agreement
is terminated. 





9. Termination
of the Agreement 


Both parties
may terminate the Agreement via mutual consultation. 





Company may at
any time during the Term, terminate the Agreement, the following acts during
the Term shall constitute grounds for termination of employment hereunder: 


(1) Found
disqualified during probation period; 


(2) Material
breach of covenants contained in this Agreement; Repeated or continuous
failure, neglect, or refusal to perform Employee's duties hereunder. 


(3) Any
willful and intentional act having the effect of injuring the reputation,
business, business relationships of Company or its affiliates; 


(4) Conviction
of or entering a plea of nolo contendere to a charge of a felony or a
misdemeanor involving moral turpitude; 


(5) Other
situations regulated by Law. 





Company may
terminate the employment of Employee by giving 30 day’s written notice to
Employee, the following acts during the Term shall constitute grounds for
termination of employment hereunder: 


(1) Employee
was illness or industrial injury, after medical treatment term who can't do the
same work as before and other work by Part A give.; 





(2) Employee
shall be disqualified for Employee’s usual duties after training or
rearrangement of the working position; 


(3) If the
objective conditions on which the Employment Agreement is based change so
significantly that the original Employment Agreement can not be carried out, and
both parties won’t reach any agreement upon modifying the contract; 


(4) Company
facing bankruptcy during the Statutory streamlining period. 





Employee may
terminate the Employment Agreement at any time during the Term for following
acts: 


(1) During the
probation period; 


(2) Company
compels the employee to work by force, threat or illegally restricting the
personal freedom of the employee; 


(3) Failure on
the part of Company to pay labor remuneration or to provide working conditions
as agreed upon in the labor contract. 


(4) Employee may
terminate the Employment Agreement on 30 day’s written notice for other
situations. 












Company shall
not terminate the Employment Agreement for the following acts: 


(1) Employee
was illness or industrial injury during the medical treatment term; 


(2) In line
with national policy, during marriage, during pregnancy, maternity leave and
breast-feeding period; 


(3) Other
situations regulated by Law, regulations. 


The Employment
Agreement terminates for the following acts: 


(1) The Term
of the Employment Agreement expires; 


(2) Mutually
agreed by both parties; 


(3) Company bankruptcy,
dissolved or revoked; 


(4)
Retirement, demission, death of the Employee. 











10. Other
issues mutually agreed by both parties 


Employee in
special positions should give 6 months’ written notice before terminate the
Employment Agreement and do offer to train replacement. 


If Employee
resigned due to personal reasons, Employee shall compensate for the training
fee he/she received during the term and return his/her salary for the last
three month. 


If Employee terminates
in advance, he/she shall return any commercial insurance Company purchased for
him/her. 





11.
Responsibilities for violating the Employment Agreement 


If the act
caused economic losses, each party shall bear the liability for compensation. 












12. Labor
Disputes 


If labor
dispute occurs, both parties shall resolve it through consultation. 


In case no
settlement can be reached through consultation, the parties can apply for
arbitration to the local labor dispute conciliation committee established, if
any. 


The party that
has objections to a ruling can raise a lawsuit with a peoples court within 15
days after receiving the ruling. 





13. Others 


This agreement
is in duplicate with both parties herein holding one copy each having equal
legal effect. The Agreement shall enter into force upon signature by both
parties. 


The parties
may dissolve the Agreement upon consensus through consultation or supplementary
agreement with equal legal effect according to Labor Law and relevant
regulations. 


In case of any
inconsistency, the national law and regulation shall prevail. 













	
  

 	
  

 
	
 [Name of
Company]  

 	
  

 
	

 


 	
  

 
	
 By  

 	
  

 
	

 


 	
  

 
	
 Title  

 	
  

 
	

 


 	
  

 
	
 Date  

 	
  

 
	
  

 	
  

 
	
 [Name of
Employee]  

 	
  

 
	
  

 	
  

 
	

 



 	
  

 
	
  

 	
  

 
	

 


 	
  

 
	
 Date