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The LOI Extension Letter is utilized when parties require additional time beyond the original expiration date of a Letter of Intent to complete their proposed transaction or continue negotiations. This document type is particularly relevant in complex commercial transactions under Irish law where due diligence, negotiations, or other preparatory work require more time than initially anticipated. The LOI Extension Letter typically references the original Letter of Intent, specifies the new expiration date, and confirms whether all other terms remain unchanged or notes any modifications. It's commonly used in mergers and acquisitions, joint ventures, property transactions, and other significant commercial arrangements where preliminary agreements need to be extended. The document must comply with Irish contract law principles and may need to address specific regulatory requirements depending on the transaction type.

1. Letter Header: Company letterhead, date, and recipient's full address details

2. Reference Line: Clear reference to the original LOI including its date and parties

3. Opening Statement: Formal opening acknowledging the original LOI and expressing the intention to extend

4. Extension Terms: Specific details of the extension period and any modified terms

5. Confirmation Statement: Statement confirming all other terms and conditions of the original LOI remain unchanged

6. Execution Block: Signature blocks for both parties, including date lines