Notice of Termination of International Distribution Agreement between TFG and NEX Products, Inc.

Summary

This letter from TFG, signed by President and CEO Jonathan W. Painter, notifies NEX Products, Inc. that their International Distribution Agreement dated January 10, 2001, is terminated due to breaches of specific contract sections. Prior written notices of these breaches were sent, and the required 30-day notice period has passed. While the agreement is now void, TFG expresses interest in continuing a business relationship as customer and supplier.

EX-10.2 2 tfg3q01ex10-2.txt EXHIBIT 10.2 [Company Letterhead] October 15, 2001 Mr. David Fielding Mr. Lou Bagnoli NEX Products, Inc. 25 Sheffield Street Toronto, ON M6M 3E5 Re: Termination of International Distribution Agreement Dear Dave and Lou: Pursuant to Section 10, we are terminating the International Distribution Agreement dated January 10, 2001 for breach of Sections 2.5 and 4.2. Notice of these breaches have been provided in my letters of August 24, 2001 and September 13, 2001 and the 30 day notice period required has expired. Although the International Distribution Agreement is of no further force in effect, we hope that we can continue to maintain a customer/supplier relationship which will be mutually beneficial to both parties. Very truly yours, /s/ Jonathan W. Painter - ----------------------- Jonathan W. Painter President and CEO Cc: William Rainville Thomas O'Brien Sandra Lambert, Esq. Steve Anderson Norman Thibault