6/10/98

Dear Susan:

Per our conversation regarding my purchase of a pre-owned Rolex Stainless Steel Submariner with date for $2,800 plus $25.00 shipping handling and insurance.

My check for $2,825 is enclosed.

Sincerely,

Kevin R. Turner
Vice President/ Investments
Marcus & Millichap
Real Estate Investment Brokerage Co.

San Francisco, CA