Notice of Termination of Z Yachts Manufacturer Direct Program Agreement between Xtreme Companies, Inc. and Z Yachts, Inc.

Summary

Xtreme Companies, Inc. has formally notified Z Yachts, Inc. that it is terminating the Manufacturer Direct Program Agreement dated June 23, 2005. The termination is effective immediately as of July 11, 2006. This letter serves as the official notice to end the business relationship under that agreement between the two companies.

EX-10.2 3 ex102.txt EXHIBIT 10.2 Exhibit 10.2 July 11, 2006 Mr. James G. Weller, President Sent via fax, email and overnight Z Yachts, Inc. 3598 Old Milton Pkwy Alpharetta, GA 30005 RE: TERMINATION OF Z YACHTS MANUFACTURER DIRECT PROGRAM AGREEMENT - ------------------------------------------------------------------------- Dear Mr. Weller, We hereby provide notice of termination of the June 23, 2005 Z Yachts Manufacturer Direct Program Agreement between Xtreme Companies, Inc. and Z Yachts, Inc. Accordingly, termination will be effective immediately. Kindest Regards, Laurie Phillips President & CEO Xtreme Companies, Inc.