Document:

Exhibit 10.5

                                                            1800 North Hill Road
                                                          Willow Grove, PA 19090

           Ponca Acquisition Corporation

           January 5, 2002

           Mr. Paul Boucher
           President
           International Wholesale Tile, Inc.
           4401 Southwest Port Way
           Palm City, FL.  34990

           Dear Mr. Boucher:

           Ponca Acquisition Corporation, a Nevada corporation ("PONCA"), which
           is a 12(g) entity subject to the reporting requirements of the
           Securities Exchange Act of 1934, as amended, advises you that it
           wishes to acquire (the "Acquisition") not less than 98% (on a fully
           diluted basis) of the currently outstanding capital stock ("Stock")
           of International Wholesale Tile, Inc., a Florida corporation ("IWT")
           from IWT's shareholders, subject to the terms and conditions set
           forth in this letter. PONCA understands that the Acquisition is
           subject to the pledge of all of IWT Stock to Congress Financial
           Corporation ("Congress"), which pledge shall be senior to any rights
           that PONCA shall have so long as Congress is a senior lender to IWT
           ("Congress Pledge").

           Currently, PONCA has 100.0 million shares of authorized common stock,
           par value $.001 per share. Just prior to the closing of the
           Acquisition, 1.8 million shares of PONCA common stock will be issued
           and outstanding, fully paid and non-assessable.

           Prior to the closing of the Acquisition, PONCA will have secured a
           letter of intent for a private equity line of credit facility (the
           "Facility") with an investor group (the "Investor") in the principal
           amount of $30.0 million, pursuant to terms substantially consistent
           in form and content to that described in Exhibit A. Following the
           closing of the Acquisition and upon the effectiveness of the
           Facility, the net proceeds of the Facility would be available
           principally to promote and expand the business of IWT. The Investor
           will be paid a 1% funding fee, as the Facility is drawn down.

           Based on information provided to us by IWT, the current authorized
           capital stock of IWT is 1,500 shares of common stock, $1.00 par value
           per share, of which 1,500 shares are issued and outstanding, which
           IWT Stock is subject to the Congress Pledge.

           The purchase price per share of IWT Stock by PONCA would be 6,000
           shares of PONCA common stock. With the exception of the Congress
           Pledge or as specifically provided on Exhibit B, upon the
           consummation of the Acquisition, all of the IWT Stock shall be
           validly issued, fully paid and non-assessable and shall be free of
           any lien, encumbrances or options. In addition, this offer is being
           made on the basis that there are no outstanding options, warrants or
           instruments convertible into IWT Stock and that the only equity of
           IWT is represented by common stock, except as specifically provided
           by Exhibit B. Upon the closing of the Acquisition and assuming PONCA
           acquires of 100% of the outstanding Stock, IWT would be a wholly
           owned subsidiary of PONCA, subject to the Congress Pledge.
<PAGE>

January 5, 2002
Page 2

           Assuming PONCA acquires 100% of the issued and outstanding IWT Stock
           at closing, the IWT shareholders would own approximately 83.0% of
           PONCA's capital stock and would receive an aggregate of 9.0 million
           shares of newly issued PONCA capital stock. Immediately following the
           closing of the Acquisition, the issued and outstanding capital stock
           of PONCA would be approximately 10,800,000 shares.

           As a condition to the closing of the Acquisition, IWT undertakes, at
           its sole cost and expense, to obtain audited financials for IWT's
           three previous fiscal years of operations and reviewed interim
           financials, if applicable, for any stub period all in accordance with
           Generally Acceptable Accounting Principles and with the Securities
           and Exchange Commission's financial reporting required The
           Acquisition is subject to due diligence review by PONCA of the
           operations, financial conditions and prospects of IWT. The
           Acquisition would also be subject to the due diligence review by IWT
           of PONCA and the transactions proposed by PONCA.

           This letter is binding upon PONCA and IWT but is subject to the
           execution of mutually acceptable definitive agreements with IWT's
           shareholders owning not less than 100% of IWT's outstanding capital
           stock for the exchange of the Stock for PONCA common shares and
           approval by Congress.

           In accordance with the terms of Exhibit A attached hereto, assurances
           are hereby made that the majority of shareholders of IWT shall
           facilitate the terms of this letter for purposes of the Acquisition.

           For a period of 270 days from the date hereof, neither IWT nor its
           shareholders will have any negotiation or discussion or enter in any
           agreements with respect to the issuance by IWT of debt instruments
           convertible to equity or the sale of the shareholders equity in IWT.

           It is understood that the terms of this letter and the ensuing
           discussions between our respective representatives or the
           shareholders of IWT and their representatives are confidential and
           will not be disclosed in any manner except to Congress or as may be
           required by law. This letter is governed and shall be construed in
           accordance with the laws of the State of Nevada, without regard to
           conflict of law principles.

           Sincerely yours,

           Henry J. Boucher, Jr.
           President, Ponca Acquisition Corporation

           Exhibits:

           A - Certified Shareholder List and Shareholder Exchange Certification
           B - Private Equity Facility Agreement

           International Wholesale Tile, Inc.
           Accepted and Agreed

           By: _________________________
                 Paul F. Boucher, President

                                    EXHIBIT A

                           CERTIFIED SHAREHOLDER LIST
                                    AND
                           SHAREHOLDER EXCHANGE CERTIFICATION

             SHAREHOLDER       CERT. NUMBER     NUMBER OF SHARES  PERCENTAGE OF
                                                                  TOTAL SHARES

           PAUL F. BOUCHER                           500              33.4%
           FORREST P. JORDAN                         500              33.3%
           GREY C. PERNA                             500              33.3%

           The above represents the current issued, outstanding and reserved
           common shares of IWT as of January 5, 2002.

           Certified by the Board of Directors of International Wholesale Tile,
           Inc.

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

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

           I, Paul F. Boucher, as President of International Wholesale Tile,
           Inc. certify to PONCA Acquisition Corporation that on and as of
           January 5, 2002 there are stockholders representing at least 98% of
           the issued and outstanding shares of IWT committed to exchange their
           shares in IWT, pursuant to the terms of the offer letter from PONCA
           to Paul F. Boucher dated January 5, 2002.

           Each of these entities or individuals is ready and willing to execute
           the share exchange documentation following its receipt and review.

           I certify that, based on my knowledge and belief after diligent
           inquiry, the above statements is true and correct.

           The above list is a complete list of all IWT Shareholders. There are
           no warrants or options to purchase Stock currently outstanding.

           January 5, 2002
                                                   -----------------------------
                                                   Paul F. Boucher, President<B><P ALIGN="CENTER">PROMISSORY NOTE</P>
<P ALIGN="CENTER">SECURED BY DEED OF TRUST </P>
</B><P ALIGN="CENTER"></P>
<P>&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;</P>

<P>Fremont, California</P>
<P>May 8, 2001</P>
<P>$1,000,000.00&#9;</P>

<P>&nbsp;</P>

<UL>
<B><LI>THE NOTE AND YOUR RE-PAYMENT OBLIGATIONS</LI></UL>

</B>
<P ALIGN="JUSTIFY">&#9;FOR VALUE RECEIVED, the undersigned, Stephen G. Newberry (&quot;You&quot; or &quot;Borrower&quot;), promise to
pay to the order of LAM RESEARCH CORPORATION, a Delaware corporation (&quot;Lam&quot;), at its offices at 4650 Cushing Parkway,
Fremont, California 94538, the principal sum of your advances against this note, up to a total of One Million dollars ($1,000,000.00)
(the &quot;Principal&quot;), with interest on the unpaid principal amount accruing from the date on which an advance is paid to you,
at the rate of six and three-quarter percent (6.75%) per year.  The interest shall be simple interest, not compound.  You are
required to repay all unpaid Principal and accrued interest no later than May 8, 2005 (the &quot;Maturity Date&quot;), or upon a
Maturity Event (defined below), whichever comes first.</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;You may prepay all or any portion of the Principal of this Note at any time prior to the Maturity Date, with
no premium or penalty.  If You pre-pay all of the Principal, the accrued interest You owe will be calculated as of that pre-payment
date.  If You pre-pay some of the principal, the interest You owe going forward will be calculated on the remaining unpaid Principal.
You understand that all payments under this Note, including pre-payments, shall be applied first to accrued and unpaid interest and
then to outstanding Principal.</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;Advances against this note may be requested at any time before the Maturity date and must be authorized by
either Borrower or Borrower's Spouse, who will also sign this Note.  All requests for advances shall be delivered to Craig Garber,
Treasurer of Lam Research Corporation and will be processed by Lam in a commercially reasonable manner.</P>
<P ALIGN="JUSTIFY"></P>

<UL>
<B><P ALIGN="JUSTIFY"><LI>THE PROPERTY YOU ARE PLEDGING AS SECURITY FOR THE NOTE</LI></P></UL>

</B><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;As security for this Note, You are giving Lam a deed of trust (the &quot;Deed of Trust&quot;) in the real
property commonly known as [address], State of California (the &quot;Property&quot;).  It is the expectation and understanding of You
and Lam that the Deed of Trust will, at all times during the term of this Note, be subordinated only to a primary mortgage on the
Property (&quot;Permitted Primary Mortgage&quot;), and will be senior to any other mortgage, borrowing or encumbrance on the
Property.  The Property is more specifically described in the Deed of Trust, which is dated May 8, 2001 and is recorded in the
Official Records of Santa Clara County. During the term of this Note, You agree to purchase and maintain insurance on the Property of
a type and in an amount which is customary and reasonable given the value and location of the Property (or as specifically provided
in the Deed of Trust).  </P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">You also understand that during the term of this Note Lam may elect, at its own expense, to purchase and maintain
individual life insurance in Your name, and to designate Lam as the sole beneficiary under the policy of insurance (the
&quot;Insurance&quot;).  Lam will apply any proceeds of such insurance to the balance due under this Note. You agree to cooperate and
to provide appropriate information necessary to enable Lam to obtain such Insurance.  This may include submitting to a medical
examination and making appropriate medical records available to the issuer of the Insurance.  Of course, You are free to maintain any
additional and separate life insurance, at Your own expense.</P>
<P ALIGN="JUSTIFY"></P>

<UL>
<B><P ALIGN="JUSTIFY"><LI>LAM'S REMEDIES IN THE EVENT OF DEFAULT</LI></P></UL>

</B><P ALIGN="JUSTIFY"></P>
<B><P ALIGN="JUSTIFY">&#9;1.&#9;<U>Accelerating the Time You have to Re-Pay the Note</P>
<P ALIGN="JUSTIFY"></P>
</B></U><P ALIGN="JUSTIFY">&#9;Below are the various Maturity Events.  If any of them occurs, Lam may, at its option, accelerate Your
requirement to re-pay the balance of this Note.  You agree that in that instance, all unpaid Principal and accrued interest is
immediately due and payable to Lam, without further demand or notice from Lam:</P>
<P ALIGN="JUSTIFY"></P><DIR>
<DIR>

<P ALIGN="JUSTIFY">&#9;a.&#9;If Your employment with Lam ends for any reason, whether voluntary or involuntary, and whether with
cause or without cause;</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;b.&#9;If You file a petition of bankruptcy, whether a voluntary or involuntary petition;</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;c.&#9;If any bankruptcy proceeding is brought against You under bankruptcy or insolvency laws;</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;d.&#9;If Lam, at any time, believes that the Property You are pledging as security for this Note is
unsatisfactory, insufficient or diminished in value (<I>e.g.</I>, if the outstanding principal balance of the Note and any Permitted
Primary Mortgage exceeds 100% of the lesser of the (1) then-appraised or (2) fair market value of the Property), and You refuse Lam's
request either to provide more or other security or collateral, or to pre-pay some amount on the Note;</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;e.&#9;If Lam, at any time, reasonably believes Your ability to re-pay the Note on time or at all becomes
impaired or uncertain;</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;f.&#9;If You sell, convey, further encumber or alienate the Property You are pledging as security for this
Note, or any interest You have in the Property, or if You lose Your title or rights in the Property in any manner or degree, whether
voluntarily or involuntarily;</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;g.&#9;If You fail, at any time, to make any payment or to perform any other obligation which You have agreed
to do under this Note, or under any deed of trust or other lien on the Property (including, but not limited to, the Deed of Trust),
and such failure is deemed a default pursuant to the terms of such deed of trust or other lien (or applicable law with respect to
such other lien);</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;h.&#9;You no longer occupy the Property as Your principal residence; or</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;&#9;&#9;i.&#9;If You have lied about or misrepresented any representation or warranty provided in the Deed of
Trust, this Note or any other agreement or instrument You have given Lam which relates to Your employment.</P>
<P ALIGN="JUSTIFY"></P></DIR>
</DIR>

<B><P ALIGN="JUSTIFY">&#9;2.&#9;<U>Seizing the Property You have Pledged as Security for the Loan</P>
</B></U><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;In the event any of the Maturity Events identified above occurs, Lam may, at its option, execute its security
interest against the Property.  Lam's right to execute against the Property is in addition to, and not exclusive of, Lam's right
identified above to accelerate Your obligation to re-pay the Principal and accrued interest, and to bring a claim against You for
repayment of the amount of the unpaid Principal and accrued interest.</P>
<P ALIGN="JUSTIFY"></P>

<UL>
<B><P ALIGN="JUSTIFY"><LI>OTHER MATTERS</LI></P></UL>

</B><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;You agree to pay and be responsible for all federal or state taxes, if any, which are required by law to be
paid with respect to this Note, or the Property.  You also agree to indemnify, defend and hold Lam harmless from any claims, demands,
deficiencies, levies, assessments, executions, judgments or recoveries by any governmental entity made against Lam for any amounts
claimed due on account of this Note or pursuant to claims made under any federal or state tax laws, and any costs, expenses or
damages</P>
<P ALIGN="JUSTIFY">sustained by Lam by reason of any such claims, including any amounts paid by Lam as taxes, attorneys' fees,
deficiencies, levies, assessments, fines, penalties, interest or otherwise.</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;In the event Lam incurs expenses in connection with Lam's attempt to collect any amounts You owe under this
Note, or to exercise any rights Lam may have under this Note or under the Deed of Trust, You agree to reimburse Lam for those
expenses.  Further, in the event any legal action is necessary to enforce or collect this Note or to execute against the Property, or
any other obligations You have pursuant to this Note, You agree that the party who prevails in the action (whether You or Lam) shall
be entitled to reasonable attorneys' fees in addition to any other relief to which the party may be entitled.</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;This Note may be amended or modified, and provisions hereof may be waived, only by the written agreement of
You and Lam.  You understand that Lam's delay or failure to exercise any right, power or remedy hereunder shall not operate as a
waiver of such right, power or remedy.  Additionally, if Lam does waive or excuse Your failure to perform some obligation under this
Note, or Lam does not exercise on any one occasion some right, power or remedy that Lam may have, that shall not bar or waive Your
obligations, or Lam's rights, powers or remedies on any other occasion.  You understand and agree that Lam's rights under this Note
to accelerate Your payment obligations, to execute its rights in the Property, or to bring a claim against You for failure to make
timely payments under the Note are cumulative and in addition to any other rights and remedies which the Lam may have.</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;This Note shall be construed and enforced in accordance with, and the rights of the parties shall be governed
by, the laws of the State of California.  Any dispute arising from this Note, or Lam's or Your rights or obligations under the Note,
shall be properly brought in the County of Alameda, California.</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<TABLE BORDER CELLSPACING=1 CELLPADDING=7 WIDTH=421>
<TR><TD WIDTH="47%" VALIGN="TOP">
<P ALIGN="JUSTIFY">BORROWER</TD>
<TD WIDTH="53%" VALIGN="TOP">
<P ALIGN="JUSTIFY">BORROWER'S SPOUSE</TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<U><P ALIGN="JUSTIFY">/s/ Stephen G. Newberry</U></TD>
<TD WIDTH="53%" VALIGN="TOP">
<U><P ALIGN="JUSTIFY">/s/ Shelley Newberry</U></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<P ALIGN="JUSTIFY">Stephen G. Newberry</TD>
<TD WIDTH="53%" VALIGN="TOP">
<P ALIGN="JUSTIFY">Shelley Newberry</TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="TOP">
<P ALIGN="JUSTIFY">Date: May 8, 2001</TD>
<TD WIDTH="53%" VALIGN="TOP">
<P ALIGN="JUSTIFY">Date: May 8, 2001</TD>
</TR>
</TABLE>

<P ALIGN="JUSTIFY"></P>
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<P ALIGN="JUSTIFY">&#9;&#9;&#9;&#9;&#9;&#9;&#9;</P>
<P ALIGN="JUSTIFY"></P>

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