Breached Contracts

Contract Number: 1133458474 issued on December 1, 2005, 12:34 pm and became overdue for payment on December 10,2005

Company Name: Konassis Corporation
Address: Yulchon Bldg 10F Youido- Dong Youngdun

City: Seoul Korea
Contact: Byung Ha Kim
Telephone: + 82-2-780-1534
Fax: + 82-2-780-1565

Shipping to Konassis Corporation located in Seoul Korea

Client ordered 60000 MTW of our material code 50-65 for 12 months at a price of $ 180.00 USD to be unloaded in China - Tianjin
Client currently owes $ 129,600,000 USD from December 10,2005 which is a full breech of contract on the initial amount of $ 10,800,000 due on December 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: