Exhibit 10.1

 

National Australia Bank Limited
MAJOR CLIENT GROUP NSW

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Level 23, 255 George Street

 

Sydney NSW 2000

 

PH: 02 9237-9731

 

FX: 02 9237-9752

 

 

Ref: GJ:LH

 

28 September, 2007

 

The Directors

Channell Bushman Group

3 Hoaley Circuit

Huntingwood NSW 2148

 

Dear Sir:

 

RE:      Channell Bushman Group

 

Further to Corporate Letter of Offer – Letter of Variation 27th August 2007; we
advise that the facilities for the Channell Bushman Group have been extended for
1 month to 31st October 2007 subject to weekly rollover and updates on
refinance.

 

Your account # 57-132-0868 has been debited $8,600 being weekly extension fee
from 28/11/07 to 05/10/07.

 

Should you need to discuss the above, please do not hesitate to contact me on
9237 9731.

 

Yours faithfully

 

 

/s/ Graeme Johnson

 

Graeme Johnson

Associate Director

MCG NSW

 

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