Breached Contracts

Contract Number: 1240179983 issued on April 19, 2009, 6:26 pm and became overdue for payment on April 24,2009

Address: No 705 Hosung BD No 44 22 YeidoDong
City: Seoul Korea
Contact: Sean Young Kim CEO
Telephone: 82-2-735-2667
Fax: 82-2-735-2669
Email: jonpark@afrikor com

Shipping to TBA located in TBA

Client ordered 90000 MTW of our material code Urea N46 Prilled for 12 months at a price of $ 167.00 USD to be unloaded in Korea
Client currently owes $ 180,360,000 USD from April 24,2009 which is a full breech of contract on the initial amount of $ 15,030,000 due on April 24,2009
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: