Dear Sirs,

Enclosed is our payment in the amount of $30,000 which should clear up any balance in our account with you.

We are very sorry that it has taken such a long time to remit our payment to you and we hope that you will understand that we have been experiencing extremely difficult cash flow problem.

Thank you for your understanding and the courteousness you have shown our company during this rough period.

Yours faithfully,

John
Manager