POINT CALCULATION

In order to be awarded points, you must meet a designated rewards goal for the fiscal year. Once this goal has been met, your account will be awarded the points and you are eligible to redeem the points for rewards. For every dollar that you spend with IWC, you will earn 2 rewards points. Thus, for every $100 you spend, you would earn 200 points. Reward participants will receive paperless electronic rewards. Points statements may be viewed online at www.iwcrewards.com. Printed statements may also be sent to program participants as often as monthly or quarterly.

BONUS POINTS

Bonus points may be offered from time to time. Please see your IWC Sales Representative for details or explanation of bonus opportunities.

POINT LIFE

All vested points issued to a program participant will be valid for the life of the program. Once the program is discontinued, the program participant will have 90 days to redeem points for rewards, unless the program is terminated for other reasons. Upon final termination, any and all unredeemed points (and the value thereof) shall be forfeited and no reward claims shall be honored thereafter.

POINT REDEMPTION

You may check your point balance, redemption information, and view the Electronic Awards Catalog online anytime at www.iwcrewards.com. On a monthly basis, you will also receive a reward program statement that shows your points earned.

AVAILABILITY

All rewards of merchandise, airline and hotel accommodations, and any other travel included in the Rewards Program are available only to program participants who have received points as a part of this loyalty points-based program. All points must be redeemed through the Program Redemption Center. Reward items offered are subject to availability.

NON TRANSFERABLE/NO CASH VALUE

Points are not transferable and are not redeemable for cash. Any tax liability resulting from the receipt of program rewards is the sole responsibility of the program participant. Program participant may designate alternative travel or merchandise recipients at the time of redemption. This offer is void where prohibited by law.