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2.3 THE SELLER CONFIRMS OPEN ACCOUNT TERMS OF PAYMENT

PILFORAMA LTD.

18-H, Window Street,

Hendon Middlesex L13

Our ref.

 

Your ref.

November 16, 20__

MACHINE BUSINESS LTD. 11b Novinskij bul.,

Moscow, Russia

Dear Ms Vavilova,

We thank you for your letter of October 27, in which you request open account terms with payment against quarterly statement under Contract No. 67-H. We are pleased to inform you that we have no objection whatever to granting these new terms of payment. They will take effect from 1 December.

We are delighted that the goods and services provided by Pilforama Ltd. meet your requirements and look forward to long and fruitful business relations.

Yours sincerely,

Marina Black

Marina Black

Manager