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<page> Joseph G. Pozo, Jr. 1924 33rd Street Orlando, Florida 32839 November 17, 1997 Mr. Gary E. Stein 124 North Ardmore Road Columbus, Oh 43209 Dear Gary: In Consideration of Consulting Services Which You Have Rendered and Have Agreed to Render to Boat Tree, Inc., I Agree to Sell to You the Number of Shares of Common Stock of Boat Tree, Inc. Equal to $1,050,000 Divided by the Initial Public Offering Price of the Shares of Common Stock. I Will Sell You Such Shares Upon the Completion of an Initial Public Offering, and You Can Pay in Cash or I Will Take a Two Year Note at 6% Interest, at Your Option. Very Truly Yours, Joseph G. Pozo, Jr. <page> Joseph G. Pozo, Jr. 1924 33rd Street Orlando, Florida 32839 December 18, 1998 Mr. Gary E. Stein 124 North Ardmore Road Columbus, Oh 43209 Dear Gary: The Letter Dated November 12, 1997 Is Modified as Follows: I Agree to Sell to You 116,667 Shares of Common Stock of American Marine Recreation, Inc. Upon the Completion of an Initial Public Offering at the Initial Public Offering Price of $6.50 Per Share, and You Can Pay in Cash or I Will Take a Two Year Note at 6% Interest, at Your Option. Please Acknowledge Your Acceptance by Signing a Copy of This Letter in the Space Below and Return a Copy to Me. Very Truly Yours, Joseph G. Pozo, Jr. Agreed and Accepted By: - Gary E. Stein
