Breached Contracts

Contract Number: 1201221058 issued on January 24, 2008, 7:30 pm and became overdue for payment on January 29,2008

Company Name: United Petroleum Holding Company LTD
Address: Unit 1205 12F Sino Plaza
255 Gloucester Road Causeway Bay
City: Hong Kong China
Contact: Tony Lau
Telephone: 86 84905789
Fax: 86 84905789
Email: suyu91109@163 com

Shipping to United Petroleum Holding Company LTD located in Hong Kong China

Client ordered 150000 MTW of our material code Iron Ore-Mexico 64.5 for 60 months at a price of $ 104.00 USD to be unloaded in China - Hong Kong - Hong Kong
Client currently owes $ 936,000,000 USD from January 29,2008 which is a full breech of contract on the initial amount of $ 15,600,000 due on January 29,2008
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: