Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Golden Century Technologies Corporation - Exhibit 10.8

EXHIBIT 10.8 

FORM OF LOCK-UP AGREEMENT

 

April 25, 2007

[ADDRESS OF SUBSCRIBER] 

Dear Sirs: 

Reference is made to our subscription agreement of __________
pursuant to which you acquired __________ common shares (the “Shares”) of Golden
Century Technologies Corporation (the “GCTC”). This confirms that you have
agreed that the following sale restrictions shall apply during the 2 year period
following January 11, 2007 (the “Lock-Up Period”): 

During the Lock-Up Period, subject to the following rights
of early termination, you shall not sell more than the following amount of
Shares during the following specified intervals: 

The amount of Shares you may sell
during any ninety-day period, including all sales of Shares within the preceding
ninety days, shall not exceed the greater of 1% of the issued and outstanding
shares of GCTC’s common stock. 

If during the Lock-Up Period, the number of issued and
outstanding shares of the GCTC that are registered under the Exchanges Act 1934,
exceeds 12,833,000, the above sale restrictions shall be terminated immediately.

You agree that if you violate the terms of this agreement, GCTC
will be entitled, without limitation, to obtain injunctive relief against you as
well as any other legal and equitable remedies available, and you will be liable
for any and all legal fees incurred by GCTC in pursuing such remedies. Please
acknowledge your agreement to the foregoing terms by signing and returning a
copy of this letter. 

Yours very truly, 

	GOLDEN CENTURY TECHNOLOGIES 	 	ACKNOWLEDGED AND AGREED by 
	CORPORATION 	 	[Name of Subscriber] 
	 	 	 
	By: 	 	By: 
	 	 	 
	  	 	  
	Hong Yang, President and Directoroverall Agreement

                                                                                                                                                             Exhibit
    10.1

     

    Pursuant
      to 17 CFR 240.24b-2, confidential information (indicated by [***]) has been
      omitted and has been filed separately with the Securities and Exchange
      Commission pursuant to a Confidential Treatment Application filed with the
      Commission.

     

     

    Dated
      February 2007

    

     

    TBS
      INTERNATIONAL LIMITED

     

    

    and

    

    

    CHINA
      COMMUNICATIONS CONSTRUCTION COMPANY LTD

    

    

    

    and

    

    

    

    NANTONG
      YAHUA SHIPBUILDING CO., LTD.

    

     

    

    ____________________________________________________________

    

    OVERALL
      AGREEMENT RELATING TO 

    THE
      CONSTRUCTION OF 

    SIX
      MULTI-PURPOSE VESSELS

    ____________________________________________________________

    

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    THIS
      AGREEMENT
      is made
      the day of February 2007

    

    BY
      AND BETWEEN

    

    
      	(1)  	
              TBS
                INTERNATIONAL LIMITED,
                a
                company organised and existing under the laws of Bermuda, having
                its
                principal office at Suite 306, Commerce Building, One Chancery Lane,
                Hamilton, HM12, Bermuda (“TBS”); 

            

    

    

    
      	(2)  	
              CHINA
                COMMUNICATIONS CONSTRUCTION COMPANY LTD,
                a
                corporation organised and existing under the laws of the People’s Republic
                of China, having its registered office at No.C88, An Ding Men Wai
                Street,
                Beijing 100011 (“CCCC”); and

            

    

    

    
      	(3)  	
              NANTONG
                YAHUA SHIPBUILDING CO., LTD.,
                a
                corporation organized and existing under the laws of the People's
                Republic
                of China, having its registered office at 1# Hongzha Road Jiuweigang
                Nantong Jiangsu P.C. 226361 (hereinafter called the “Builder”),
                

            

    

    

    CCCC
      and
      the Builder being hereinafter collectively called the “Seller” and TBS and the
      Seller being hereinafter collectively called the “Parties”. 

    

     

    WHEREAS
      

    

    (A) The
      Seller has, pursuant to shipbuilding contracts of even date herewith (the
“Shipbuilding Contracts”),
      agreed to design, construct and deliver to six special purpose subsidiaries
      of
      TBS, designated in each Shipbuilding Contract as the “Buyer” and referred to
      herein collectively as the Buyers, six (6) multi-purpose vessels having the
      Builder’s hull numbers NYHS200720, NYHS200721, NYHS200722, NYHS200723,
      NYHS200724 and NYHS200725 (collectively the “Vessels”);

    

    
      	(B)  	
              The
                Parties have agreed to enter into this Agreement to define the Delivery
                Dates of the Vessels, the time of payment of the Second Instalment
                of the
                Purchase Price under the Shipbuilding Contracts and to acknowledge
                the
                Parties’ intention that the Vessels are to be built as a series of six (6)
                sisterships. TBS enters into this Agreement for itself and as duly
                authorised agent on behalf of the Buyers.

            

    

    

    

    NOW
      IT IS HEREBY AGREED

    

    
      	1.  	
              DEFINITIONS
                AND INTERPRETATION

            

    

    

    
      	1.1  	
              Words
                and expressions defined in the Shipbuilding Contracts shall, unless
                the
                context otherwise requires, have the same meaning when used in this
                Agreement.

            

    

    

    
      	1.2  	
              In
                this Agreement, the following term shall bear the meaning hereafter
                set
                out:

            

    

    

    “Effective
      Date” means, in respect of each Shipbuilding Contract, the date that such
      contract becomes effective in accordance with its terms. 

    

    
      	1.3  	
              References
                herein to “Clauses” shall mean Clauses of this Agreement and references to
                “Articles” shall mean Articles of the Shipbuilding Contracts.
                

            

    

    

    
      	1.4  	
              If
                there is any conflict between any Shipbuilding Contract and this
                Agreement, the provisions of this Agreement shall
                prevail.

            

    

    

    
      	2.  	
              DELIVERY
                DATES OF THE VESSELS

            

    

    

    
      	2.1  	
              The
                Delivery Date of the Builder’s Hull no NYHS200720 (“Hull NYHS200720”)
                pursuant to Article VII.1 of the Shipbuilding Contract in respect
                of such
                vessel (the “Hull NYHS200720 Delivery Date”) shall be the date falling
                twenty-three (23) months from the Effective Date of such Contract.
                .

            

    

    

    
      	2.2  	
              The
                Delivery Date of the Builder’s Hull no NYHS200721 (“Hull NYHS200721”)
                pursuant to Article VII.1 of the Shipbuilding Contract in respect
                of such
                vessel (the “Hull NYHS200721 Delivery Date”) shall be the date falling
                twenty-nine (29) months from the Effective Date of such Shipbuilding
                Contract. 

            

    

    

    
      	2.3  	
              The
                Delivery Date of the Builder’s Hull no NYHS200722 (“Hull NYHS200722”)
                pursuant to Article VII.1 of the Shipbuilding Contract in respect
                of such
                vessel (the “Hull NYHS200722 Delivery Date”) shall be the date falling
                thirty-four (34) months from the Effective Date of such Shipbuilding
                Contract. 

            

    

    

    
      	2.4  	
              The
                Delivery Date of the Builder’s Hull no NYHS200723 (“Hull NYHS200723”)
                pursuant to Article VII.1 of the Shipbuilding Contract in respect
                of such
                vessel (the “Hull NYHS200723 Delivery Date”) shall be the date falling
                thirty-eight (38) months from the Effective Date of such Shipbuilding
                Contract. 

            

    

    

    
      	2.5  	
              The
                Delivery Date of the Builder’s Hull no NYHS200724 (“Hull NYHS200724”)
                pursuant to Article VII.1 of the Shipbuilding Contract in respect
                of such
                vessel (the “Hull NYHS200724 Delivery Date”) shall be the date falling
                thirty-six (36) months and fifteen (15) days from the Effective Date
                of
                such Shipbuilding Contract. 

            

    

    

    

    
      	2.6  	
              The
                Delivery Date of the Builder’s Hull no NYHS200725 (“Hull NYHS200725”)
                pursuant to Article VII.1 of the Shipbuilding Contract in respect
                of such
                vessel (the “Hull NYHS200725 Delivery Date”) shall be the date falling
                forty (40) months from the Effective Date of such Shipbuilding Contract.
                

            

    

    

    

    
      	3.  	
              PAYMENT
                OF THE 2ND INSTALMENT UNDER THE
                CONTRACTS

            

    

    

    
      	3.1  	
              With
                reference to Article II.3(b) of each of the Shipbuilding Contracts
                for
                Hull NYHS200720 and Hull NYHS200723, it is agreed and understood
                that the
                2nd
                Instalment of the Purchase Price for such Vessels shall become due
                and
                payable and be paid within five (5) New York business days of receipt
                by
                the Buyer of a telefax notice from the Seller attaching a Stage
                Certificate in the form of the draft attached as Appendix A, countersigned
                by the Classification Surveyor, certifying that the steel cutting
                of the
                first steel plate of Hull NYHS200720 in the Builder’s Shipyard has
                commenced.

            

    

    

    
      	3.2  	
              With
                reference to Article II.3(b) of each of the Shipbuilding Contracts
                for
                Hull NYHS200721 and Hull NYHS200724, it is agreed and understood
                that the
                2nd
                Instalment of the Purchase Price for such Vessels shall become due
                and
                payable and be paid within five (5) New York business days of receipt
                by
                the Buyer of a telefax notice from the Seller attaching a Stage
                Certificate in the form of the draft attached as Appendix A, countersigned
                by the Classification Surveyor, certifying that the steel cutting
                of the
                first steel plate of Hull NYHS200721 in the Builder’s Shipyard has
                commenced.

            

    

    

    
      	3.3  	
              Finally,
                with reference to Article II.3(b) of each of the Shipbuilding Contracts
                for Hull NYHS200722 and NYHS200725, it is agreed and understood that
                the
                2nd
                Instalment of the Purchase Price for such Vessels shall become due
                and
                payable and be paid within five (5) New York business days of receipt
                by
                the Buyer of a telefax notice from the Seller attaching a Stage
                Certificate in the form of the draft attached as Appendix A, countersigned
                by the Classification Surveyor, certifying that the steel cutting
                of the
                first steel plate of Hull NYHS200722 in the Builder’s Shipyard has
                commenced.

            

    

     

    
      	4.  	
              SISTERSHIPS

            

    

    

    
      	4.1  	
              The
                Parties hereby acknowledge and agree that, with the exception of
                the
                suppliers of the main engines (for which it is understood that [***],
                shall supply the main engine for Hull NYHS200720, Hull NYHS200721,
                Hull
                NYHS200722 and Hull NYHS200723 and either [***] or [***] shall supply
                the
                main engine for Hull NYHS200724 and Hull NYHS200725) and without
                prejudice
                to the provisions of Article V of each Shipbuilding Contract, the
                Vessels
                are intended to be built as a series of six (6) sisterships constructed
                on
                identical terms and specifications to those for Hull NYHS200720.
                In
                particular, as soon as the items and the respective suppliers thereof
                comprising the Maker's List for Hull NYHS200720 have been chosen,
                such
                items and suppliers shall, with the exception of the suppliers of
                the main
                engines, remain the same for Hull NYHS200721, Hull NYHS200722, Hull
                NYHS200723, Hull NYHS200724 and Hull NYHS200725 and the Seller shall
                not
                alter the same without the express prior consent of TBS.
                

            

    

    

    
      	4.2  	
              Notwithstanding
                the provisions of Clause 4.1 above, each of the Buyers of the Vessels
                shall be entitled to modify the Specifications in respect thereof
                pursuant
                to Article V of the respective Shipbuilding Contract for the same.
                

            

    

    

    
      	5.  	
              ASSIGNMENT

            

    

    

    
      	5.1  	
              The
                Seller shall not without the previous written approval of TBS assign
                or
                transfer any rights or obligations under this Agreement or the rights
                hereunder or any part thereof. 

            

    

    

    
      	5.2  	
              TBS
                shall not without the previous written approval of the Seller (the
                same
                not to be unreasonably withheld) assign or transfer any rights or
                obligations under this Agreement. 

            

    

    

    
      	6.  	
              TBS
                GUARANTEE

            

    

    

    
      	6.1  	
              TBS
                hereby unconditionally guarantees each of the obligations of the
                Buyer
                under each of the Shipbuilding Contracts.

            

    

    

    
      	7.  	
              NOTICES

            

    

    

    
      	7.1  	
              Any
                and all notices and communications in connection with this Agreement
                shall
                be addressed as follows:

            

    

    

    To
      TBS

    

    TBS
      INTERNATIONAL LIMITED

    Suite
      306

    Commerce
      Building

    One
      Chancery Lane

    Hamilton
      HM 12 

    Bermuda

     

    Telefax
      No. : 441-295-4957

    

    with
      copy to:

    

    TBS
      SHIPPING SERVICES INC.

    612
      Grassy Sprain Road

    Yonkers,
      New York 10710

    USA
      

    

    Attention:
      Joseph E. Royce

    

    Telefax
      No. : 914-961-0567 

    

    To
      CCCC

    

    CHINA
      COMMUNICATIONS CONSTRUCTION COMPANY LTD

    c/o
      CCCC
      SHANGHAI EQUIPMENT ENGINEERING CO., LTD

    12F/3456
      Pu Dong Nan Road

    Shanghai
      200125, China 

     

    Telefax
      No. : 86-21- 5089-0068

    

    Attention:
      Jason Lu

    

    with
      copy to the Builder 

    

    NANTONG
      YAHUA SHIPBUILDING CO., LTD.

    1#
      Hongzha Road 

    Jiuweigang,
      Nantong 

    Jiangsu
      P.C. 226361, China 

     

    Telefax
      No. : +86-513- 8556-0018

     

    
      	7.2  	
              Any
                notices and communications sent by CCCC or the Builder alone to TBS
                shall
                be deemed as having being sent by both CCCC and the Builder.
                

            

    

    

    
      	7.3  	
              Any
                change of address shall be communicated in writing by registered
                mail by
                the party making such change to the other party and in the event
                of
                failure to give such notice of changes, communications addressed
                to the
                party at their last known address shall be deemed
                sufficient.

            

    

    

    
      	7.4  	
              Any
                and all notices, requests, demands, instructions, advice and
                communications in connection with this Agreement shall be deemed
                to be
                given at, and shall become effective from, the time when the same
                is
                delivered to the address of the party to be served, provided, however,
                that registered airmail shall be deemed to be delivered ten (10)
                days
                after the date of dispatch, express courier service shall be deemed
                to be
                delivered five (5) days after the date of dispatch, and telefax
                acknowledged by the answerbacks shall be deemed to be delivered upon
                dispatch.

            

    

    

    
      	7.5  	
              Any
                and all notices in connection with this Agreement shall be written
                in the
                English language and each party hereto shall have no obligation to
                translate them into any other
                language.

            

    

    

    
      	8.  	
              GOVERNING
                LAW AND JURISDICTION

            

    

    

    
      	8.1  	
              This
                Agreement shall be governed by and construed in accordance with English
                law.

            

    

    

    
      	8.2  	
              In
                the event of any dispute between the Parties hereto as to any matter
                arising out of or relating to this Agreement or any stipulation herein
                or
                with respect thereto which cannot be settled by the Parties themselves,
                such dispute shall be resolved by arbitration in London, England
                in
                accordance with the laws of England in the same manner as is provided
                in
                Article XIII of each Shipbuilding
                Contract.

            

    

    

    IN
      WITNESS WHEREOF the Parties hereto have caused this Agreement to be duly
      executed in two original copies the day and year first above
      written.

     

    

    
      	
              TBS
                INTERNATIONAL LIMITED 

            	 
	
               

              /s/
                Martin Levin

               

              By:
                _Martin
                Levin____

              Title: 
                Director
                - New Shipbuilding Projects

               

               

               

               

            	 
	
              CHINA
                COMMUNICATIONS CONSTRUCTION COMPANY LTD 

            	 
	
               

              /s/

               

              By:
                _________________

               

              Title:
                ________________

               

               

            	 
	
              NANTONG
                YAHUA SHIPBUILDING CO., LTD.

            	 
	
               

              /s/

               

              By:
                _________________

               

              Title:
                ________________

            	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    APPENDIX
      A - FORM OF STAGE CERTIFICATE

    

    [insert
      date]

    

    [
      insert
      name of Buyer ] 

    c/o
      TBS
      SHIPPING SERVICES INC.

    612
      Grassy Sprain Road

    Yonkers

    New
      York
      10710

    USA

    

    

    For
      the
      attention of Joseph E. Royce

    

    Fax
      no:  914-961-0567
      

    

    

    Gentlemen:

    

    Hull
      No. [NYHS200720] / [NYHS200721] / [NYHS200722] under a Shipbuilding Contract
      dated

              
      February 2007, made between yourselves and ourselves

    

    We
      hereby
      certify in connection with the building of the above VESSEL:-

    

    that
      the
      steel cutting has been commenced

    

     

    For
      and
      on behalf of

    China
      Communications Construction Company Ltd and Nantong Yahua Shipbuilding Co.,
      Ltd.

    as
      the
      Seller 

    

    ................................ 

    Dated
      [
      ] 

    

     

    For
      and
      on behalf of 

    Lloyd’s
      Register

    As
      Classification Society

    

    ................................

    Dated
      [
      ]

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