Letter of Contract

September 29, 2004

St. Louis University
Baguio City

Attention: Mr. Richard Alvarez
Director, University Press Publication

We are pleased to submit hereunder our formal offer for the supply of the following:

QUOTATION

One (1) Unit
–    A.B. DICK OFFSET DUPLICATOR
–    Model 9810 with Chain Delivery P906,214.00

One (1) Unit
–    T-51 SWING-AWAY Second Color
–    Head Attachment (1-9855S) P470,774.00

One (1) Unit
–    ELEFLAX ELECTROSTATIC PLATEMAKER
–    Model PM-50
–    (Max. Plate Size: 12.8” x 19.4”)

Please see attached brochures for complete specifications.

Thank you and we would be most pleased to attend to your requirements at all times.  Looking forward to being of service to you soon.

Very truly yours,

Graphics Equipment Division

Reynaldo M. Posadas
Systems Representative