Mapleton, Utah 84664 EXTENSION OF SALES CONTRACT
Exhibit 10.2
Xxxx, Inc.
000 Xxxxx 000 Xxxx
Xxxxxxxx, Xxxx 00000
THIS CONTRACT EXTENSION AGREEMENT is made and entered into this 2nd day of October 2005, by and between Pine Valley Ltd, a Utah Partnership, hereinafter referred to as the "Owner", and Xxxx, Inc., a Nevada Corporation, hereinafter referred to as the "Agent".
EXTENSION:
PINE VALLEY LTD., hereby grants an extension of time on the option to purchase the entire inventory as listed in Exhibit “A” for a cash payment of Twenty-five Thousand dollars to the 31st day of October 2006. This extension applies to the contract titled EXCLUSIVE RIGHT OF SALE CONTRACT dated October 15, 2004 between the parties heretofore written above.
OWNER:
/s/ Xxxx Xxxxxxx
____________________________________
Pine Valley, Ltd.
By Xxxx Xxxxxxx
AGENT:
/s/ Xxxxxx X. Xxxxx
_____________________________________
Xxxxxx X. Xxxxx, President
Xxxx, Inc.
1
EXHIBIT "A"
(Description of Golf Inventory)
All items carry the FILA brand:
Qty
Description
Retail
Net Cost
Total Cost
332
Milled Putters
$149.95
$50.00
$15,000
106
Ladies Metal Xxxxx
249.95
100.00
10,000
102
Golf Balls (per dozen)
29.95
12.00
1,200
105
Leather Glove
14.95
6.00
600
52
Golf Hats
14.95
6.00
300
24
Golf Shirts (Cutter ‘n Buck)
49.95
22.00
528
12
Children’s Drivers
79.95
35.00
420
24
Sunscreen (World Golf Tour) 14.95
7.00
168
Total
$84,197.15
$30,482
2
