<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>v018751_ex10-2.txt
<TEXT>
                     AGREEMENT FOR THE SALE AND PURCHASE OF
                    TIMBER SAWMILLING EQUIPMENT AND SERVICES

Agreement

This  agreement  is dated the  twentieth  day of May,  2004 and is entered  into
between:

Integrated  Forest Products Pty Ltd (ABN 520 83521 966 ) a company  incorporated
in Australia with offices situated at Suite 4, 95 Salmon Street, Port Melbourne,
Victoria 3207, Australia

and

Acora  Reneco  Group  Pty Ltd (ABN 680 89944  561 ) a  company  incorporated  in
Australia with its main  manufacturing  facility situated at 12 Government Road,
Eden, New South Wales 2551, Australia.

and will  apply for an initial  period of five years (5 years)  from the date of
this agreement and will continue  thereafter unless terminated by the issuing by
either  party to the other of twelve  months (12 months)  written  notice of the
intention to terminate.

Introduction

Integrated  Forest  Products  (hereafter  referred  to as  Integrated)  owns and
operates a timber sawmill in Canberra,  Australian Capital Territory and has the
rights to forest licenses in the Bombala region, New South Wales,  Australia and
proposes to build a log sorting and green sawmill in that region.

Acora Reneco Group  (hereafter  referred to as ARG) is a leading  Australian saw
milling equipment designer, manufacturer and supplier.

Agreement

It is agreed  between The  Parties  that ARG will offer  priority  access to and
delivery  of  its  technology,  design  expertise,  equipment  and  services  to
Integrated  for work that is required by  Integrated  in the area of saw milling
plant and  equipment  design and supply and/or  procurement  and any other items
mutually agreed between The Parties.

It is further  agreed  between The Parties that ARG will supply these items at a
rate that equates to its normal  selling  price for these  products and services
less a  discount  of 10% for its goods and  services  that are  manufactured  or
directly supplied by ARG and at a 10% discount to its normal margin for imported
goods and services.


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It is further  agreed  between The Parties  that in exchange  for this  priority
access and special  pricing,  Integrated will offer all of its work in this area
to ARG exclusively.

It is further  agreed  between The  Parties  that the log sorting and green mill
line  designed by ARG for  Integrated's  new  Bombala  operation,  as  generally
detailed in the attached  layout drawing  BOMBALA  SAWMILL - Proposed Layout Feb
2004 will be supplied  to  Integrated  by ARG for a fixed price of  A$35,080,000
(Thirty Five Million and Eighty  Thousand  Australian  Dollars) plus  escalation
from 01 July 2004 equal to the rate of  increase  in the  Australian  All Groups
Consumer Price Index (CPI) as published periodically by The Australian Bureau of
Statistics,  Canberra.  Payment  terms  for this  project  will be ARG's  normal
commercial  terms. An alternative plan known between the parties as the "IFP CSG
Upgrade  Proposal" will be supplied for A$24,840,000  (Twenty Four Million Eight
Hundred and Forty Thousand Australian Dollars) plus escalation from 01 July 2004
equal  to the rate of  increase  in the  aforementioned  Australian  All  Groups
Consumer Price Index (CPI), if Integrated chooses this option.

It is further  agreed  between The Parties that this  agreement was entered into
following substantial discussions between Integrated and ARG in relation to this
Agreement that have created an  understanding  by The Parties of the obligations
and rights of each party under this Agreement and that the principals of the two
companies  (who  are  signatories  below)  are  fundamental  in the body of this
agreement.  Thus the  ongoing  details  of this  Agreement  may change by mutual
agreement  from time to time,  but the changes  will at all times be  compatible
with the spirit of this  Agreement  and the  proposed  association  between  the
companies detailed herein.

In acknowledgement of this agreement it is hereby signed on behalf of:

Integrated Forest Products Pty Ltd

                                       Director      Name:
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Date:
     ---------------------------------

Witness:

Witness names and address:

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                                       Director      Name:
--------------------------------------                    ----------------------

Date:
     ---------------------------------

Witness:

Witness names and address:

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--------------------------------------

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Acora Reneco Group Pty Ltd


                                       Director      Name:
--------------------------------------                    ----------------------


Date:
     ---------------------------------


Witness:

Witness names and address:

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                                       Director      Name:
--------------------------------------                    ----------------------


Date:
     ---------------------------------

Witness:

Witness names and address:

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