diff --git a/template/src/features/counter/Counter.module.scss b/template/src/features/counter/Counter.module.scss
index 6f71a19..fa29777 100644
--- a/template/src/features/counter/Counter.module.scss
+++ b/template/src/features/counter/Counter.module.scss
@@ -1,5 +1,5 @@
 .button {
-  margin: 0 0.75rem;
+  margin: 0.5rem 0.75rem;
   font-size: 1.25rem;
   background: transparent;
   border-color: #5fd0ae;
@@ -18,6 +18,12 @@
   }
 }
 
+.loading {
+  font-size: 2rem;
+  color: #fba300;
+  margin: 3.75rem 0;
+}
+
 .value {
   font-size: 5rem;
   color: #5fd0ae;
diff --git a/template/src/features/counter/Counter.test.tsx b/template/src/features/counter/Counter.test.tsx
index 6d41104..eb1977f 100644
--- a/template/src/features/counter/Counter.test.tsx
+++ b/template/src/features/counter/Counter.test.tsx
@@ -1,34 +1,135 @@
-import { screen, fireEvent } from "@testing-library/react";
+import { screen, fireEvent, wait } from "@testing-library/react";
 import Counter from "./Counter";
 import React from "react";
-import counterReducer, { increment, decrement } from "./CounterSlice";
+import counterReducer, {
+  increment,
+  decrement,
+  fetchValueStart,
+  fetchValueSuccess,
+  fetchValueError
+} from "./CounterSlice";
 import { renderWithRedux, rootInitialState } from "utils/test-helpers";
+import axios from "axios";
 
-test("displays zero as initial value", () => {
-  renderWithRedux(<Counter />);
-  expect(screen.getByText("0")).toBeVisible();
-});
+jest.mock("axios");
+const mockedAxios = axios as jest.Mocked<typeof axios>;
 
-test("calls increment on click", () => {
-  const { mockStore } = renderWithRedux(<Counter />);
-  fireEvent.click(screen.getByText(/increment/i));
-  expect(mockStore.getActions()).toEqual([{ type: increment.type }]);
-});
+describe("<Counter />", () => {
+  test("shows zero as initial value", () => {
+    renderWithRedux(<Counter />);
+    expect(screen.getByText("0")).toBeVisible();
+  });
 
-test("calls decrement on click", () => {
-  const { mockStore } = renderWithRedux(<Counter />);
-  fireEvent.click(screen.getByText(/decrement/i));
-  expect(mockStore.getActions()).toEqual([{ type: decrement.type }]);
-});
+  test("shows loading message", () => {
+    renderWithRedux(<Counter />, {
+      ...rootInitialState,
+      counter: { ...rootInitialState.counter, loading: true }
+    });
+    expect(screen.getByText(/loading/i)).toBeVisible();
+  });
+
+  test("shows error message", () => {
+    const errorMessage = "An error occured";
+    renderWithRedux(<Counter />, {
+      ...rootInitialState,
+      counter: { ...rootInitialState.counter, error: errorMessage }
+    });
+    expect(screen.getByText(errorMessage)).toBeVisible();
+  });
+
+  test("calls increment on click", () => {
+    const { mockStore } = renderWithRedux(<Counter />);
+    fireEvent.click(screen.getByText(/increment/i));
+    expect(mockStore.getActions()).toEqual([{ type: increment.type }]);
+  });
+
+  test("calls decrement on click", () => {
+    const { mockStore } = renderWithRedux(<Counter />);
+    fireEvent.click(screen.getByText(/decrement/i));
+    expect(mockStore.getActions()).toEqual([{ type: decrement.type }]);
+  });
+
+  test("slow fetch success", async () => {
+    const name = "cra-template-typekit";
+    mockedAxios.get.mockResolvedValueOnce({ status: 200, data: { name } });
+    jest.useFakeTimers();
+
+    const { mockStore } = renderWithRedux(<Counter />);
+
+    fireEvent.click(screen.getByText(/slow fetch/i));
+
+    jest.runAllTimers();
+    // Normally we would wait for an element to show up
+    // https://github.com/testing-library/react-testing-library#complex-example
+    await wait(() => null, { timeout: 500 });
 
-test("increases number by one", () => {
-  expect(
-    counterReducer({ ...rootInitialState.counter, value: 1 }, increment)
-  ).toEqual({ ...rootInitialState.counter, value: 2 });
+    expect(mockStore.getActions()).toEqual([
+      { type: fetchValueStart.type, payload: undefined },
+      { type: fetchValueSuccess.type, payload: name.length }
+    ]);
+  });
+
+  test("slow fetch error", async () => {
+    mockedAxios.get.mockResolvedValueOnce({ status: 500 });
+    jest.useFakeTimers();
+
+    const { mockStore } = renderWithRedux(<Counter />);
+
+    fireEvent.click(screen.getByText(/slow fetch/i));
+
+    jest.runAllTimers();
+    // Normally we would wait for an element to show up
+    // https://github.com/testing-library/react-testing-library#complex-example
+    await wait(() => null, { timeout: 500 });
+
+    expect(mockStore.getActions()).toEqual([
+      { type: fetchValueStart.type, payload: undefined },
+      { type: fetchValueError.type, payload: "Something went wrong." }
+    ]);
+  });
 });
 
-test("decreases number by one", () => {
-  expect(
-    counterReducer({ ...rootInitialState.counter, value: 1 }, decrement)
-  ).toEqual({ ...rootInitialState.counter, value: 0 });
+describe("CounterSlice", () => {
+  test("sets loading on fetch start", () => {
+    expect(
+      counterReducer(
+        { ...rootInitialState.counter, loading: false },
+        fetchValueStart
+      )
+    ).toEqual({ ...rootInitialState.counter, loading: true });
+  });
+
+  test("sets value and stop loading on fetch success", () => {
+    expect(
+      counterReducer(
+        { ...rootInitialState.counter, loading: true },
+        { type: fetchValueSuccess, payload: 100 }
+      )
+    ).toEqual({ ...rootInitialState.counter, loading: false, value: 100 });
+  });
+
+  test("sets error and stop loading on fetch error", () => {
+    expect(
+      counterReducer(
+        { ...rootInitialState.counter, loading: true },
+        { type: fetchValueError, payload: "Some error message." }
+      )
+    ).toEqual({
+      ...rootInitialState.counter,
+      loading: false,
+      error: "Some error message."
+    });
+  });
+
+  test("increases number by one", () => {
+    expect(
+      counterReducer({ ...rootInitialState.counter, value: 1 }, increment)
+    ).toEqual({ ...rootInitialState.counter, value: 2 });
+  });
+
+  test("decreases number by one", () => {
+    expect(
+      counterReducer({ ...rootInitialState.counter, value: 1 }, decrement)
+    ).toEqual({ ...rootInitialState.counter, value: 0 });
+  });
 });
diff --git a/template/src/features/counter/Counter.tsx b/template/src/features/counter/Counter.tsx
index d65065a..8d10fbe 100644
--- a/template/src/features/counter/Counter.tsx
+++ b/template/src/features/counter/Counter.tsx
@@ -2,28 +2,54 @@ import React from "react";
 import { useDispatch, useSelector } from "react-redux";
 import styles from "./Counter.module.scss";
 import { increment, decrement } from "./CounterSlice";
+import { fetchInitialValue } from "./CounterActions";
 import { RootState } from "store";
 
 const Counter: React.FC = () => {
   const count = useSelector((state: RootState) => state.counter.value);
+  const loading = useSelector((state: RootState) => state.counter.loading);
+  const error = useSelector((state: RootState) => state.counter.error);
   const dispatch = useDispatch();
 
   return (
     <div>
-      <p className={styles.value}>{count}</p>
-      <button
-        className={styles.button}
-        aria-label="Increment value"
-        onClick={() => dispatch(increment())}
-      >
-        Increment
-      </button>
+      {error && <p>{error}</p>}
+
+      {loading ? (
+        <p className={styles.loading} data-testid="counter-loading">
+          Loading...
+        </p>
+      ) : (
+        <p className={styles.value} data-testid="counter-value">
+          {count}
+        </p>
+      )}
+
+      <div>
+        <button
+          className={styles.button}
+          aria-label="Increment value"
+          onClick={() => dispatch(increment())}
+          disabled={loading}
+        >
+          Increment
+        </button>
+        <button
+          className={styles.button}
+          aria-label="Decrement value"
+          onClick={() => dispatch(decrement())}
+          disabled={loading}
+        >
+          Decrement
+        </button>
+      </div>
       <button
         className={styles.button}
-        aria-label="Decrement value"
-        onClick={() => dispatch(decrement())}
+        aria-label="Slow fetch"
+        onClick={() => dispatch(fetchInitialValue())}
+        disabled={loading}
       >
-        Decrement
+        Slow fetch
       </button>
     </div>
   );
diff --git a/template/src/features/counter/CounterActions.tsx b/template/src/features/counter/CounterActions.tsx
new file mode 100644
index 0000000..89b21c3
--- /dev/null
+++ b/template/src/features/counter/CounterActions.tsx
@@ -0,0 +1,26 @@
+import { AppDispatch, AppThunk } from "../../store";
+import {
+  fetchValueStart,
+  fetchValueSuccess,
+  fetchValueError
+} from "./CounterSlice";
+import axios from "axios";
+
+export const sleep = (t = Math.random() * 200 + 300) =>
+  new Promise(resolve => setTimeout(resolve, t));
+
+export const fetchInitialValue = (): AppThunk => async (
+  dispatch: AppDispatch
+) => {
+  dispatch(fetchValueStart());
+  try {
+    // For demo purpose let's say out value is the length
+    // of project name in manifest and the api call is slow
+    await sleep();
+    const response = await axios.get("/manifest.json");
+    const value = response.data.name.length;
+    dispatch(fetchValueSuccess(value));
+  } catch (e) {
+    dispatch(fetchValueError("Something went wrong."));
+  }
+};
diff --git a/template/src/features/counter/CounterSlice.tsx b/template/src/features/counter/CounterSlice.tsx
index 7e0d6c6..76d3352 100644
--- a/template/src/features/counter/CounterSlice.tsx
+++ b/template/src/features/counter/CounterSlice.tsx
@@ -1,17 +1,32 @@
-import { createSlice } from "@reduxjs/toolkit";
+import { createSlice, PayloadAction } from "@reduxjs/toolkit";
 
 interface InitialState {
   value: number;
+  loading: boolean;
+  error: string | null;
 }
 
 export const initialState: InitialState = {
-  value: 0
+  value: 0,
+  loading: false,
+  error: null
 };
 
 export const slice = createSlice({
   name: "counter",
   initialState,
   reducers: {
+    fetchValueStart: state => {
+      state.loading = true;
+    },
+    fetchValueSuccess: (state, action: PayloadAction<number>) => {
+      state.value = action.payload;
+      state.loading = false;
+    },
+    fetchValueError: (state, action: PayloadAction<string>) => {
+      state.error = action.payload;
+      state.loading = false;
+    },
     increment: state => {
       state.value += 1;
     },
@@ -21,6 +36,12 @@ export const slice = createSlice({
   }
 });
 
-export const { increment, decrement } = slice.actions;
+export const {
+  fetchValueStart,
+  fetchValueSuccess,
+  fetchValueError,
+  increment,
+  decrement
+} = slice.actions;
 
 export default slice.reducer;
diff --git a/template/src/utils/sleep.tsx b/template/src/utils/sleep.tsx
new file mode 100644
index 0000000..8a68014
--- /dev/null
+++ b/template/src/utils/sleep.tsx
@@ -0,0 +1,3 @@
+/* istanbul ignore file */
+export const sleep = (t = Math.random() * 200 + 300) =>
+  new Promise(resolve => setTimeout(resolve, t));