Exhibit 10.4 







Employment Agreement





Entered into and effective as of between Sino
Shipping Holdings Inc (Company) and Haiying Qin (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 CFO 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 RMB15,000 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. 












	
  

 	
  

 
	
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