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The LoI Extension Letter is a critical document used in South African commercial practice when parties need to extend the timeline of an existing Letter of Intent. This document type becomes necessary when the original LoI is approaching its expiration date, but parties require additional time to complete their intended transaction or negotiations. The extension letter maintains the legal framework established in the original LoI while updating the timeline and potentially modifying certain terms. Under South African law, which follows Roman-Dutch legal principles, the LoI Extension Letter must clearly reference the original agreement and explicitly state the new termination date. It's particularly important in complex commercial transactions where due diligence, regulatory approvals, or negotiations are taking longer than initially anticipated.

1. Letter Header: Formal business letter header including date, addressee details, and reference to original LoI

2. Reference to Original LoI: Clear identification of the original LoI including its date and parties

3. Extension Terms: Explicit statement of the extension period and effective date

4. Confirmation of Original Terms: Statement confirming that all other terms and conditions of the original LoI remain unchanged

5. Execution Block: Signature blocks for all parties, including date of signing