Bank Credit Request Letter

July 13, 1993

Mr. Delfin Pascual
Manager
Unity Bank
Balanga City, Bataan

Dear Mr. Pascual,

We are pleased to state that our toy factory has increased considerably in recent months.  Now, it has become necessary to enlarge production capacity but we are not in a position to finance this with our present resources alone.

We would therefore request you to allow us credit to the extent of 60% of the present value of our assets.

We look forward to your positive reply.  Also let us know your service charges in this regard.

Thank you.

Very truly yours,

Andy Woo
Manager, Toy Express Collection