Breached Contracts

Contract Number: 1115338839 issued on May 5, 2005, 8:20 pm and became overdue for payment on May 10,2005

Company Name: AMA Group Limited
Address: Unit 09 17F Office Tower convention Plaz
No 1 Harbour Road
City: Wan Chai Hong Kong Hong Kong
Contact: Mr Ngan Kwan Li
Telephone: 852 25911518
Fax: 852 28332983

Shipping to AMA Group Limited located in Jiangsu China

Client ordered 30000 MTW of our material code 50-65 for 12 months at a price of $ 136.00 USD to be unloaded in China - Shanghai
Client currently owes $ 48,960,000 USD from May 10,2005 which is a full breech of contract on the initial amount of $ 4,080,000 due on May 10,2005
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: