Loan Agreement Letter

From:

Leah MacMahon

Loans Manager

Gold Coast National Bank

1 Thomas Lane
RESERVOIR NORTH VIC 3073

January 20, 2011

To:

Jorja McLean

Delaware Florist

29 Sunnyside Road
MONASH SA 5342

Dear Sir/Madam

Re:  Loan Agreement

With regards to your loan application of $20,000 to renovate your office, the bank committee has met and made a detailed study of your proposal.

Looking at the ailing economy today, the bank loans committee is not totally confident that your business will be sustainable as the economy parameter may drop further. Nevertheless, the loans committee has studied your expansion proposal and reviewed your business standing thoroughly; we felt that you have kept your business accounts well and we agree that there is more potential in your business with some expansion plans, as you have suggested.

Hence, the bank loans committee is agreeable to loan you $15,000 instead with a slightly revised terms and conditions. As such, please consider the adjusted terms and conditions of this loan carefully; if you are agreeable to the changes listed, you may come in and finalize the loan procedure.

Respectfully yours,

Leah MacMahon

Loans Manager

Gold Coast National Bank