RECOVERY ENGINEERING, INC.
1204 Chestnut Avenue,
Minneapolis Minnesota 55403. Telephone (612) 332-5681. Telex 29-0828
June 12, 1986
Mr. Harlan Jacobs
2380 West Lake of the Isles Parkway
Minneapolis, Minnesota 55405
As we agreed on April 18, 1986,
Recovery Engineering is selling 50,000 shares of its Common Stock to you at a price of $.50 per share. Your subscription for these shares at that time did not require payment. In conjunction
with Recovery Engineering's overall capitalization plan, we request that you send cash payment for the subscribed shares. Please send a personal check for the full amount made out to Recovery Engineering
Incorporated by June 19, 1986.
While I realize you have reviewed the business plan of Recovery Engineering and have had an opportunity to discuss it in depth with myself and Brian Sullivan, please call either Brian or
our counsel Eric Madson of Mackall, Crounse & Moore if you have any further questions.
I look forward to your participation in this endeavor.