December 31, 2001

Hanover

Mr. Terry Lauderdale

PO Box 6306

Moore , OK 73153

RE: Garroutte Products

4372 N. Pleasant View Rd.

Ponca City, OK

Startz Insurance Salvage File: 101325

Insurance Company’s File:

Mr. Lauderdale,

The items were marketed nationally. High bid was received on December 28, 01. The items were sold for $578.34. See attached billing.

As always, it is our goal to serve you efficiently. Should you have any questions regarding your file or the status of the assignment, please contact me.

We appreciate your business and the opportunity of working with you.

Sincerely,

Steve Startz