SatexIonita Constantin

Satex S.p.A.

Via di Pietra Papa

00146 Roma

ITALY

L. Crane

(Head Office), Nesson House,

Newell Street,

Birmingham B3 3EL

Dear Mr. Crane,

Thank you for your enquiry of 6 February concerning our selection of sweaters displayed on Satexs stand at the Menswear Exhibition in Hamburg.

In answer to the specific questions in your letter, first let me say that we are willing to allow the quantity discount requested, but the maximum trade discount that we can offer is 15%. With regard to the terms of payment, which you mentioned, we would consider payment by sight draft, cash against documents, but we can change this if we will develop a long-term business relationship.

I confirm that we agree with your conditions and we can meet orders of over 500 garments at one time. As requested, I am sending our current catalogue and price list to you by express mail. If you require any further information, please contact me.

Yours sincerely,

Daniele Causio

Sales Director