Document:

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]  

 	
  

 
	
  

 	
  

 
	

 

 	
  

 
	
  

 	
  

 
	

 

 	
  

 
	
 DateExhibit 10.6

Employment Agreement

Entered into and effective as of between Sino
Shipping Holdings Inc (Company) and Shaobin Ji (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 Vice
President 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

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