Document:

Exhibit 10.2(b)

[Unofficial English Translation]

 

Equity Transfer Agreement of Fujian Province
Pingtan County Ocean Fishing Group Co., Ltd.

 

Transferor: Lin Zhiyan                                 (hereinafter
referred to as “Party A”)

Address: 523 Xiangyuan Village, Jin’an
District, Fuzhou, Fujian Province

ID Card No.:

Transferee: Fujian Heyue Marine Fishing   (hereinafter
referred to as “Party B”)

Development Co., Ltd.

Address: 1606, 16/F, Tower A, Zhongshan
Building, 154 Hudong Road, Gulou District, Fuzhou

Business License No.:

 

This Agreement is
signed by and between Party A and Party B with regard to the matter of equity transfer of Fujian Province Pingtan County Ocean
Fishing Group Co., Ltd. on February 9, 2015 in Room 201, Building 3, Wandefu Garden, Cuiyuan North Road, Tancheng Town, Pingtan
County (the Company’s meeting room).

 

In line with the principles
of free will, equality, fairness, integrity and credibility, Party A and Party B reach the following agreement through consultation
and consensus:

 

Article 1 Price for
Transferred Equity and Method of Payment

1. Party A agrees
to transfer 2.09% of the equity of Fujian Province Pingtan County Ocean Fishing Group Co., Ltd. (subscribed capital contribution
of RMB 24 million yuan) that it holds to Party B at a price of RMB 24.9 million yuan, and Party B agrees to buy the above-mentioned
equity at this price and amount.

2. Party B agrees
to pay the transfer fee of RMB 24.9 million yuan to Party A via account transfer on a lump-sum basis within seven (7) days from
the date of signing this agreement.

 

Article 2 Warranties

1. Party A warrants
that the equity transferred to Party B is the authentic capital contribution subscribed by Party A to Fujian Province Pingtan County
Ocean Fishing Group Co., Ltd. and the equity legitimately owned by Party A, and Party A possesses the complete right of disposition
thereof. Party A warrants that no mortgage, pledge or security is set on the transferred equity, which is free from any third party’s
recourse. Otherwise, Party A shall bear all liabilities arising therefrom.

2. After Party A transfers
its equity, its original rights and due obligations in relation to Fujian Province Pingtan County Ocean Fishing Group Co., Ltd.
shall be transferred to Party B with the transferred equity.

3. Party B acknowledges
the Articles of Association of Fujian Province Pingtan County Ocean Fishing Group Co., Ltd. and warrants that it shall fulfill
the rights, obligations and responsibilities of a shareholder in accordance with the Articles of Association.

 

    	 

    	 

    

 

Article 3 Profit and
Loss Sharing

After the Company
handles change of registration according to law, Party B shall become a shareholder of Fujian Province Pingtan County Ocean Fishing
Group Co., Ltd., and Party B shall share the Company’s profit and loss in accordance with the provisions specified in the
Articles of Association.

 

Article 4 Sharing
of Expenses for Equity Transfer

All expenses (including
handling charges, taxes and fees, etc.) arising from the equity transfer shall be borne by both parties in the manner agreed upon.

 

Article 5 Modification
and Rescission of Agreement

In the event of any
of the following circumstances, this Agreement may be modified or rescinded, but both parties shall sign a written agreement for
modification or rescission hereof.

1. This Agreement
cannot be fulfilled due to force majeure or any external cause which occurs without any fault of one party concerned, but which
cannot be prevented.

2. One party concerned
loses its actual capacity to fulfill the Agreement.

3. A breach of the
Agreement by one party or both parties seriously affects the economic interests of the observant party, and renders fulfillment
of this Agreement unnecessary.

4. Both parties agree
to modify or rescind this Agreement through consultation, due to any changes in circumstances.

 

Article 6 Dispute
Resolution

1. Any dispute in
relation to the validity, fulfillment, breach and rescission of this Agreement shall be resolved by all parties through friendly
consultation.

2. Should consultation
fail, either party may apply for arbitration or file a lawsuit with the People’s Court.

 

Article 7 Conditions
and Date for Effect of Agreement

This Agreement shall
become effective upon the signatures of both parties to the transfer.

 

Article 8 This Agreement
is formulated in quadruplicate, with one original held by Party A and Party B each, one original submitted to the Administration
for Industry and Commerce, and one original kept by Fujian Province Pingtan County Ocean Fishing Group Co., Ltd. All originals
bear equal legal force.

 

 

	
        Party A (Signature or Seal):

        /s/ Zhiyan Lin
	
        Party B (Signature or Seal):

        /s/ Honghong Zhuo

        [seal:]
        Fujian Heyue Marine Fishing Development Co., Ltd.; 3501020160388

         

        [hw:]
        February 9, 2015

 

    	2Exhibit 10.3

[Unofficial English
Translation]

 

Agreement on Termination
of Existing Controlling Documents

 

This Agreement on
Termination of Existing Controlling Documents (“This Agreement”) is signed by the following parties on February
9, 2015 in the city of Fuzhou, China.

 

 

Party A: Pingtan Guansheng
Ocean Fishing Co., Ltd.

 

Address: 4/F, 137 Lianhuazhuang,
Hongshan Neighborhood Committee, Tancheng Town, Pingtan County

 

Legal Representative:
Jiang Xu

 

 

Party B: Fujian Province
Pingtan County Ocean Fishing Group Co., Ltd.

 

Address: Room 201, Building
3, Wandefu Garden, Cuiyuan North Road, Tancheng Town, Pingtan County

 

Legal Representative:
Lin Zhiyan

 

 

Party C:

 

Party C (1): Zhuo Honghong

 

ID Card No.: [OMITTED]

 

Address: Unit 2604,
Building 1, Jinting Apartments, 1 Yuquan Road, Gulou District, Fuzhou, Fujian Province

 

 

Party C (2):Lin Zhiyan

 

ID Card No.: [OMITTED]

 

Address: 501 Building
1, Huisheng Garden, Guohuo East Road, Jin’an District, Fuzhou, Fujian Province

 

In This Agreement, Party
A, Party B and Party C are separately referred to as “either/one party” and collectively “the parties”.

 

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Whereas:

 

1. On November 26, 2012,
Party A, Party B and Party C signed the Contracted Operation Agreement, the Exclusive Call Option Agreement, the Equity Pledge
Agreement and the Power of Attorney (see appendix A; the above-mentioned documents are jointly referred to as “Existing Controlling
Documents”).

 

2. In accordance with
the provisions of This Agreement, the parties agree to terminate all Existing Controlling Documents and exempt each other from
all responsibilities and obligations under the Existing Controlling Documents.

 

Now, therefore, the
parties reach the following Agreement via consultation and consensus:

 

		1.	Termination of Existing Controlling Documents

 

1.1The parties hereby
irrevocably agree and confirm that all and/or any Existing Controlling Document(s) named above is/are terminated as of the date
of signing This Agreement, without any further effect.

 

1.2As of the date
of signing This Agreement, the parties shall no longer enjoy any rights under all and/or any Existing Controlling Document(s),
and shall no longer be required to fulfill any obligation under all and/or any Existing Controlling Document(s), and any unfulfilled
obligation shall not be further fulfilled.

 

1.3The parties to
This Agreement are hereby irrevocably and unconditionally exempted from disputes, claims, requests, rights, obligations, responsibilities,
actions, contracts or causes of action of any type or nature, in relation to and which are owned or possibly owned by other parties
of This Agreement and which are directly or indirectly related to all and/or any Existing Controlling Document(s) or which arise
from Existing Controlling Documents in the past, at present or in the future.

 

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1.4Without prejudice
to the general provisions of the above-mentioned Clause 1.3, as of the date of signing This Agreement, the parties to This Agreement
are hereby exempted, as well as their heirs, successors, transferees or estate executors, from commitments, debts, appeals, requests,
obligations or responsibilities of any type or nature in relation to and which are owned or possibly owned by other parties to
This Agreement; the directors, senior managers, employees, legal counsel and agents of such other parties at present and in the
past; the related parties of such persons and the respective successors and transferees of such parties, and which are related
to the Existing Controlling Documents or arise from the Existing Controlling Documents, including legal claims and causes of action
principled on equality, regardless of whether such claims or requests have been instituted or not yet instituted, are absolute
or contingent, or are known or unknown.

 

		2.	The Parties’ Representations and Warranties

 

The parties hereby make
representations and warranties as follows:

 

2.1Each has obtained
the necessary authorizations and has the right to sign This Agreement; its signing and fulfillment of This Agreement do not constitute
any conflict, restriction or violation of any binding influential law, regulation or agreement.

 

2.2Once This Agreement
is signed, it shall constitute the legal, effective and binding obligations, which may be mandatorily enforced thereon as per the
provisions of This Agreement.

 

2.3There is no lawsuit,
arbitration, or legal, administrative or any other proceeding, or government investigation relating to the object of This Agreement.

 

		3.	Commitments

 

In order to successfully
complete the termination of the rights and obligations under the Existing Controlling Documents, the parties shall sign all necessary
or appropriate documents and take all necessary or appropriate actions to provide active support to other parties to obtain relevant
registration documents, and proceed with relevant procedures for termination.

 

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		4.	Liability for Breach of Agreement

 

If one party breaches
any provision of This Agreement, resulting in failure to fulfill This Agreement in whole or in part, it shall assume liabilities
for breach of agreement, and make compensation for the losses brought to any other party to This Agreement accordingly.

 

		5.	Responsibilities for Confidentiality

 

The parties acknowledge
and confirm that any verbal or written information exchanged among them in relation to This Agreement is confidential information.
The parties shall keep all such information confidential. Without the written consent of any other party to This Agreement, it
shall not disclose any relevant information to any third party, except in the following cases: (1) The public is or will be aware
of such information (instead of where the party which receives information discloses such information to the public without permission);
(2) Information that must be disclosed as per applicable laws or regulations; or (3) One party needs to disclose information to
its potential investors or legal or financial counsel regarding the transactions mentioned in This Agreement, and such potential
investors or legal or financial counsel shall also abide by the responsibilities for confidentiality which are similar to this
clause. The disclosure of any confidential information by any personnel of either party or any hired organization shall be deemed
to be the disclosure by such party, and such party shall assume liabilities for breach of agreement as per This Agreement. This
clause shall remain effective regardless of whether This Agreement is terminated for any reason.

 

		6.	Applicable Laws and Dispute Resolution

 

6.1The conclusion,
effect, interpretation, fulfillment, modification and termination of This Agreement, as well as the resolution of disputes, are
all subject to the laws of China.

 

6.2In case of any
circumstance such as disagreement, litigation claim, dispute, breach of agreement, termination or loss of effect arising from termination
or implementation of This Agreement, (“Dispute”), the parties shall first resolve same via friendly consultation. If,
within 30 days after delivery of written notice by either party requesting consultation on such Dispute, the parties fail to resolve
same and in the absence of written provisions otherwise established, such Dispute shall be submitted to the China International
Economic and Trade Arbitration Commission for arbitration as per the arbitration rules in effect at that time. The place of arbitration
is Shenzhen. Any arbitration award issued as per this clause shall be final and binding on all parties. The expenses for arbitration
shall be determined based on the arbitration award.

 

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6.3Where any Dispute
arises from the interpretation and fulfillment of This Agreement or any Dispute is under arbitration, except for matters of the
Dispute, the parties to This Agreement shall continue to exercise their other rights under This Agreement and fulfill their other
obligations under This Agreement.

 

		7.	Other Matters

 

7.1This Agreement
is signed and comes into effect on the date mentioned by the parties at the beginning of This Agreement.

 

7.2Any notice, request,
requirement or other correspondence required by or issued as per This Agreement shall be delivered to the relevant parties in writing.
If the above-mentioned notice or any other correspondence is delivered by fax or telex, it shall be regarded as having been served
once sent; in case of delivery in person, it shall be regarded as having been served upon being presented in person; if it is sent
by mail, it shall be regarded as having been served five days after being mailed out.

 

7.3This Agreement
is formulated in quadruplicate, with one original held by Party A and Party B each, and two originals held by Party C. All originals
bear equal legal effect.

 

7.4The parties to
This Agreement may modify and supplement This Agreement via written agreement. The modified agreement and/or supplemented agreement
between the parties to This Agreement in relation to This Agreement shall be an integral part of This Agreement bearing equal legal
force as This Agreement.

 

7.5If any clause
under This Agreement becomes invalid, it shall not affect the legal force of any other clause under This Agreement.

 

(The following space
is intentionally left blank)

 

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(This page is the signature page of the
Agreement on Termination of Existing Controlling Documents)

 

Party A: Pingtan
Guansheng Ocean Fishing Co., Ltd. (Seal)

 

	Legal Representative/Authorized Representative:  	/s/ Xu Jiang 	(Signature)

 

Party B: Fujian
Province Pingtan County Ocean Fishing Group Co., Ltd. (Seal)

 

	Legal Representative/Authorized Representative:  	Zhiyan
Lin 	(Signature)

 

Party C (1): Zhuo
Honghong

 

	/s/ Honghong Zhuo 	(Signature)

 

 

Party C (2): Lin
Zhiyan

 

	/s/ Zhiyan Lin 	(Signature)

 

February 9, 2015

 

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Appendix: Existing Controlling Documents

 

	Number	Name of Agreement	Signatories	Signing Date
	1	Contracted Operation Agreement	Pingtan Guansheng Ocean Fishing Co., Ltd.; Fujian Province Pingtan County Ocean Fishing Group Co., Ltd.; Zhuo Honghong; Lin Zhiyan	November 26, 2012
	2	Exclusive Call Option Agreement	Pingtan Guansheng Ocean Fishing Co., Ltd.; Fujian Province Pingtan County Ocean Fishing Group Co., Ltd.; Zhuo Honghong; Lin Zhiyan	November 26, 2012
	3	Equity Pledge Agreement	Pingtan Guansheng Ocean Fishing Co., Ltd..; Fujian Province Pingtan County Ocean Fishing Group Co., Ltd.; Zhuo Honghong; Lin Zhiyan	November 26, 2012
	4	Power of Attorney	Pingtan Guansheng Ocean Fishing Co., Ltd..; Zhuo Honghong; Lin Zhiyan	November 26, 2012

 

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