Breached Contracts

Contract Number: 1117441410 issued on May 30, 2005, 4:23 am and became overdue for payment on June 14,2005

Company Name: Rizhao Xinyu Economy & Trade Co Ltd
Address: 78 Taian Road

City: Rizhao China
Contact: Kaixue Fan
Telephone: 86-6332231559
Fax: 86-6332231569
Email: xinyukuangye@126 com

Shipping to Rizhao Xinyun Economy & Trade Co Ltd located in Rizhao China

Client ordered 60000 MTW of our material code 200-206 for 12 months at a price of $ 139.00 USD to be unloaded in China - Tianjin
Client currently owes $ 100,080,000 USD from June 14,2005 which is a full breech of contract on the initial amount of $ 8,340,000 due on June 14,2005
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: