Breached Contracts

Contract Number: 1108995539 issued on February 21, 2005, 9:18 am and became overdue for payment on February 24,2005

Company Name: Eastrade Group Holdings LTD HK
Address: Suite 2303 Progress Commercial Building
Irving Street Causeway Bay
City: Hong Kong China
Contact: Wu Cheng Yu
Telephone: 85226995506
Fax: 85226071494

Shipping to Eastrade Group Holdings LTD HK located in Hong Kong China

Client ordered 60000 MTW of our material code 200-206 for 12 months at a price of $ 169.00 USD to be unloaded in China - Shanghai
Client currently owes $ 121,680,000 USD from February 24,2005 which is a full breech of contract on the initial amount of $ 10,140,000 due on February 24,2005
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: