Extension of Time Credit Letter

January 15, 1990

Ms. Eliza Topper
Fundline Inc.
Dinalupihan, Bataan

Dear Ms. Topper:

Thanks for your letter and the enclosed statement of Account.  However, we regret this time because still our financial position has not improved sufficiently. Therefore, I request you to be good enough to allow me some extra time to pay the bill.

We are confident that we are able to pay bill in full within 10 to 15 days.

I hope for your kind consideration.

Thank you very much.

Sincerely yours,

Eleazar Co