Breached Contracts

Contract Number: 1112364744 issued on April 1, 2005, 9:12 am and became overdue for payment on April 06,2005

Company Name: Air-V Co Ltd
Address: 818-34 Bangbae-Dong Seocho-Gu

City: Seoul Korea 137-060
Contact: Won Kyung Kim
Telephone: +82 16 3550066
Fax: +82 23 4453605
Email: wkkim1009@yahoo co kr

Shipping to Air-V Co Ltd located in Seoul Korea 137-060

Client ordered 160000 MTW of our material code 200-206 for 12 months at a price of $ 142.00 USD to be unloaded in Korea, South - Inchon
Client currently owes $ 272,640,000 USD from April 06,2005 which is a full breech of contract on the initial amount of $ 22,720,000 due on April 06,2005
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: