Breached Contracts

Contract Number: 1161068072 issued on October 17, 2006, 2:54 am and became overdue for payment on October 25,2006

Address: 2/F DAH SING LIFE BLDG 99-105 DES VOE

City: CENTRAL Hong Kong SAR China
Contact: XIE JUE MIN
Telephone: 852-22875191
Fax: 852-22875002
Email: HOKI008@126 COM

Shipping to HOKI INTERNATIOAL COMMERCIAL LTD located in Tianjin China

Client ordered 30000 MTW of our material code 50-65 for 12 months at a price of $ 217.00 USD to be unloaded in China - Tianjin
Client currently owes $ 78,120,000.00 USD from October 25,2006 which is a full breech of contract on the initial amount of $ 6,510,000.00 due on October 25,2006
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: