August 1, 1996

Re: IWC Mark XII Pilot's Watch, Model 3241 (the "Watch")

Dear Ken:

As the above-referenced Watch arrive yesterday, I am enclosing a check for One Thousand One Hundred Ninety and No/100 U.S. Dollars ($1190.00) which represents the second of two installments for same and for full payment for the Watch. Ken, as you know, the watch is exquisite both in its form and function. Once again. it has been a pleasure doing business with you.

Sincerely,

Sasha E. Barbour
Atlanta, GA