AGREEMENT TO EXTEND
                            DEBT PAYMENT






     FOR VALUE RECEIVED, the undersigned, _ [Creditor] and _
[Company], hereby acknowledge and agree that:
     1. The Company presently owes the Creditor the sum of
        $_, said sum being presently due and payable.
     2. In further consideration of the Creditor's
        forebearance, the Company agrees to pay said debt on
        extended terms in the manner following:


        _


     3. In the event the Company fails to make any payments
        punctually on the agreed extended terms, the Creditor
        shall have full rights to proceed for the collection
        of the entire balance then remaining.
     4. This agreement shall be binding upon and inure to the
        benefit of the parties, their successors, assigns and
        personal representatives.
     Signed under seal this _ day of _, 19_.








                                   ___________________________
                                             Creditor








                                   ___________________________
                                             Company