Extension of Payment

[NAME]

[TITLE]

[ADDRESS]

Dear Mr Man, 

Referring to your statement of April 10, we regretfully inform you that it is not yet possible for us to meet our obligation to you in the amount of US$50,000.

A fire occurred at our warehouse on March 1, causing excessive damage and loss. We respectfully request an extension of three months to make payment. We trust you will understand, and commit to our request.

Very truly yours,

[Signature]

[NAME]

[TITLE]