Ship Lease Supplemental Agreement (Unofficial Translation)

Ship Lease Supplemental Agreement

(Unofficial Translation)

Party A (Lessor): Fujian Lutong Highway Engineering Construction Co., Ltd.

Address: Room 1705 &1706, Floor 17, Yinhe Garden Hotel, 243 Wusi Road, Fuzhou City

Legal Representative: XXX Xxxxxxx

Party B (Lessee): Fujian Xing Gang Port Service Co., Ltd.

Address: Xxxxx 00, Xxxxx X, Xxxxxxxxx Xxxxxxxx, 000 Xxxxxx Xxxx, Xxxxxx Xxxx.

Legal Representative: XXX Xxxx

Through friendly consultation, Party A and Party B agree upon the following supplements to the Ship Lease Agreement executed on May 20th, 2008:

I. Upon the expiration of the original agreement:

1. Party A need not conduct ship certificate change procedures;

2. Party A does not refund the ship security deposit in the amount of Thirty four million five hundred thousand yuan even. (¥ 34,500,000.00);

3. Party B does not purchase the ship “Xing Gangjun 9”;

4. Party B need not make the ship transfer payment in the amount of ninety seven million five hundred thousand yuan even (¥ 97,500,000,00);

5. Party A and Party B do not conduct ship transfer procedures.

II. After the original agreement expires, Party B renews the lease until May 31st, 2016.

III. When term expires in 2016, Party B has the priority to renew the lease under the same conditions.  If Party B decides not to renew the lease, within 7 business days after the expiration of the term:

1. Party A and Party B conduct ship transfer procedures;

2. Party A refunds the ship security deposit in the amount of thirty four million five hundred thousand yuan even (¥ 34,500,000.00);

IV. Other items in the original agreement do not change.

V. This supplemental agreement has the same legal validity as the original agreement.

Party A: Fujian Lutong Highway Engineering Construction Co., Ltd. (Seal)

Legal Representative: XXX Xxxxxxx /s/

Party B: Fujian Xing Gang Port Service Co., Ltd. (Seal)

Legal Representative: XXX Xxxx /s/

Date of execution: April 11th, 2010