EXHIBIT 10.4
 
3 May 2005

 
INTEGRATED FOREST PRODUCTS PTY LTD


 
Melbourne Major Client Group Telephone: 03 8636 5600 Facsimile:  03 8636 5652


 
Dear

Indicative Quotation


 
Sale Hireback



 
Our Reference No:
051180370A


Description of Equipment:
Timber/Sawmilling Plant
    
Quote Given Date:
28/04/2005
Latest Settlement Date:
02/06/2005
Supplier Tax Invoice Amount:
$        4,950,000.00
Interest Rate:
7.7999              %
Less Deposit or Trade In:
$                    0.00
    
Amount Financed:
$        4,950,000.00
Term:
60            months
Balloon:
$                    0.00
Total Amount Repayable:   
    5,863,623.00
Instalments:
      
Instalments due:
Monthly In Advance
    
 
Date
No
Period (months)
Base Instalment $
Gov't Charges $
GST $
Fee with each Instalment $
Gross Instalment $
May 2005
1
1
540,227.05
4,051.70
405.17
0.00
544,683.92
Jun 2005
CO
1
90,227.05
676.70
67.67
0.00
90,971.42
Feb 2006
1
1
90,227.05
534.70
53.47
0.00
90,815.22
Mar 2006
50
1
90,227.05
0.00
0.00
0.00
90,227.05
Hire Establishment Fees Due at Settlement:
 
Type of Fee

 
 
Fee Amount
GST on Fee S

Total Fee Inc GST S
Document Preparation Fee350.00
Total Hire Establishment Fees Due at Settlement
 
35.00
385.00
385.00

 
This indicative quotation does not confer an offer by the bank nor a commitment on its part to the transaction. The quotation is valid for your acceptance until, 12/05/2005. After this date the details may change without notice.
 
Please contact the writer for any further assistance or variations to this indicative quotation. We will contact you soon to confirm that this indicative quotation meets your individual needs. We can then quickly arrange the necessary documentation, subject to satisfactory credit assessment, to enable you to enjoy the benefits of your investment decision as soon as possible.
 
Yours Faithfully
 
/s/ Ralph Faifalla
 
Ralph Faifalla Relationship Manager