| 12 February, 2000, |
| Absolute Genius |
| 276 Carlaw Ave., Unit #211 |
| Toronto, Ontario |
| Canada M4M 3L1 |
| Tel: (416) 461-1551 |
| Fax: (416) 461-4537 |
| Web: www.absolutegenius.com |
| Attention: Client Contact |
| Client Company Name |
| Client Street Address. |
| Scarborough, Ontario |
| Canada M1X 1G5 |
| Tel: (Client Telephone) Fax: (Client Fax) |
|
|
Re: Valudater Front End and Control Project |
|
|
PC KIOSK - User Front End and Control to guide the user through the deposit process while controlling |
| the hardware and providing the User with a receipt as well as storing the transaction information with |
| backups. (Parts are estimated for 2 Units) |
| I see your dilemma concerning your budget! The parts are difficult to do anything with so they pretty |
| well have to stand as-is. |
| Your budget of $25,000.00 for 2 units is very tight, if the development has to be done within that |
| budget. Is there any way to get your client to commit to more than 2 units to give some breathing room to |
| the development amortization? Anyway, based on this tight budget, what I propose is that the Parts List |
| and the Keyboard Development stay as they are. The other Hardware and Software Development Labour I |
| do for half of what is estimated. And on further Production Units we get $500.00 for the software and we |
| provide a security dongle with each copy. |
|
|
Yours Truly, |
|
|
Sean O'Leary |
| 12 February, 2000 - Rev. 1 | Page 1 of 5 |
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