Breached Contracts

Contract Number: 1106181936 issued on January 19, 2005, 7:45 pm and became overdue for payment on January 29,2005

Company Name: DAIU RYUTU Co Ltd
Address: 10-19-12-1 Maeda Teine-Ku

City: Sapporo Hokkaido Japan
Contact: Mr Joseph Jo
Telephone: 81162233711
Fax: 81162233713
Email: To be provided

Shipping to DMB INternational Co Ltd located in Su Young Ku Busan Korea

Client ordered 30000 MTW of our material code 50-65 for 12 months at a price of $ 187.00 USD to be unloaded in Korea, South - Pusan (Busan)
Client currently owes $ 67,320,000 USD from January 29,2005 which is a full breech of contract on the initial amount of $ 5,610,000 due on January 29,2005
Client has not made any attempt to settle this debt nor to make any payment thereon and is assumed to be financially insolvent.
Client has made the following comments related to this posting: