August 20, 1999

Dear Ken:

This will confirm our conversation of earlier today concerning the purchase of the Rolex 18Kt Submariner watch we discussed.

To recap our agreement, the cost of the watch is $10,700. You have agreed to pay outbound shipping to me via UPS next day air service scheduled for Saturday, August 21, delivery.

I agree that I will inspect both pieces upon receipt and notify you on the day of receipt if I am not satisfied and wish to return either piece. I also agree that return shipping costs are my responsibility and I will use UPS next day air for any returns.

Sincerely,

Harvey D. Starin
Delray Beach, FL