EXHIBIT 10.2
[Company Letterhead]
October 15, 2001
Mr. Xxxxx Xxxxxxxx
Xx. Xxx Xxxxxxx
NEX Products, Inc.
00 Xxxxxxxxx Xxxxxx
Xxxxxxx, XX X0X 0X0
Re: Termination of International Distribution Agreement
Dear Xxxx and Xxx:
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/ Xxxxxxxx X. Xxxxxxx
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Xxxxxxxx X. Xxxxxxx
President and CEO
Cc: Xxxxxxx Xxxxxxxxx
Xxxxxx X'Xxxxx
Xxxxxx Xxxxxxx, Esq.
Xxxxx Xxxxxxxx
Xxxxxx Xxxxxxxx
