May 15, 1997

Mr. Paul St. Martin
The Allan R. Hackel Organization Inc.
1330 Centre Street
Newton Center, MA 01259

Dear Paul,

On behalf of Reebok, I would like to thank you and Rhonda Lushan for your efforts in utilizing the barter credits that we have with the Hackel organization. The outdoor buy that we worked on together last fall was a great success that resulted in good costing savings. You delivered what you promised with short lead-time.

I look forward to continuing to work with you on other barter arrangements that are beneficial for both of our companies.

Very Truly Yours,

Bill Boodry
Director of Purchasing


Reebok International Ltd. 100 Technology Center Drive, Stoughton, MA 02072 USA Tel. (617)341.5000

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