Breached Contracts

Contract Number: 1139576606 issued on February 10, 2006, 8:03 am and became overdue for payment on February 15,2006

Company Name: Colgroup International Pty Ltd
Address: 44 Montebello Drive

City: Mount Gambier South Australia 5290
Contact: Ken Gibbett
Telephone: 61403974469
Fax: 61 8 87232450

Shipping to Corporate Ventures International Inc located in Shanghai CHINA

Client ordered 41700 MTW of our material code 50-65 for 12 months at a price of $ 209.00 USD to be unloaded in China - Shanghai
Client currently owes $ 104,583,600.00 USD from February 15,2006 which is a full breech of contract on the initial amount of $ 8,715,300.00 due on February 15,2006
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: