Breached Contracts

Contract Number: 1115807168 issued on May 11, 2005, 6:26 am and became overdue for payment on May 16,2005

Address: 14F No 28 Shennan road C
Shen Zhen China
City: 518031
Contact: Dai Chang Min
Telephone: 86-755-83344222
Fax: 86-755-83211348
Email: szzdk@sina com

Shipping to ZHONGDAKANG INDUSTRIAL CO LTD located in Shen Zhen China

Client ordered 60000 MTW of our material code 50-65 for 12 months at a price of $ 175.00 USD to be unloaded in China - Tianjin
Client currently owes $ 126,000,000.00 USD from May 16,2005 which is a full breech of contract on the initial amount of $ 10,500,000.00 due on May 16,2005
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: