EXTREME MOBILE COATINGS WORLDWIDE CORP.
 126 Dewey Dr.
Nicholasville, Kentucky 40356
(859) 887-1199

February 5, 2010                        

M. David Sayid, Esq.
Interim President
Reflectkote, Inc.
408 W 57th Street, 8E
New York, NY 10019

 
Re:
Proposed Acquisition by Extreme Mobile Coatings Worldwide Corp. (“EXTREME”) of
certain assets and certain liabilities of Reflectkote, Inc. (“REFLECTKOTE”)

Dear Mr. Sayid:
 
This letter will confirm the recent discussions we have had with you and your
representatives relative to the proposed acquisition by EXTREME of certain
assets and certain liabilities of REFLECTKOTE (the “Purchased Assets and
Liabilities”), as set forth on Schedule A and B, annexed hereto.  The objective
of our discussions has been the execution and consummation, as soon as feasible,
of a formal agreement between EXTREME and REFLECTKOTE (the “Agreement”), which
among other things, would provide for the various matters set forth below:
 
1.           EXTREME will acquire certain assets and certain liabilities of
REFLECTKOTE from REFLECTKOTE in exchange for shares of $.0001 par value common
stock of EXTREME (the “Extreme Common Stock”), which amount will be negotiated
and determined prior to closing, which will be delivered upon the closing of
this transaction (the “Closing Date”).   This exchange is intended to qualify as
a tax-free reorganization under Section 368 of the Internal Revenue Code of
1986, as amended, and the shares of EXTREME received by REFLECTKOTE’s
shareholders will be received on a tax-free basis.  The shares to be issued by
EXTREME will be “restricted securities” as defined in Rule 144 under the
Securities Act of 1933, and an appropriate legend will be placed on the
certificates representing such shares.
 
2.           EXTREME will raise a minimum of $______ in a Rule 506 offering to
accredited investors, or such other raise of capital by selling shares of
EXTREME common stock for use as working capital for the Purchased Assets and
Liabilities.
 
 
 

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M. David Sayid, Esq., Interim President
Reflectkote, Inc.
February 5, 2010
Page 2
 
 
3.           The parties will use their best efforts to close this transaction
during the month of February, 2010.
 
4.           REFLECTKOTE represents that it is a validly existing  Nevada
Corporation.
 
5.           On the date of this Letter of Intent, the common stock of EXTREME
is registered with the Securities and Exchange Commission pursuant to Section
15(d) of the Securities Exchange Act of 1934, as amended, (the “Act”), and
EXTREME has filed all reports required to be filed by Section 15(d) of the Act
during the past 12 months.  These reports were, when filed, accurate, not
misleading and complete in all material respects.
 
6.           The common stock of EXTREME is currently listed for trading on the
OTC Bulletin Board under the symbol EMWW.
 
7.           EXTREME and REFLECTKOTE will take all necessary steps to call
meetings of their respective directors as soon as possible to approve the terms
of this Letter of Intent.
 
8.           Upon the signing of this Letter of Intent, EXTREME and REFLECTKOTE
will provide to each other full access to their books and records and will
furnish financials and operating data and such other information with respect to
their business and assets as may reasonably be requested from time to time.  If
the proposed transaction is not consummated, all parties shall keep confidential
any information (unless ascertainable from public filings or published
information) obtained concerning the other's operations, assets and business.
 
9.           This Letter of Intent may be executed in two or more counterparts,
each of which shall be deemed an original but all of which together shall
constitute one and the same instrument.
 
10.           Each party will pay its legal expenses incurred in connection with
this transaction whether or not the transaction is consummated.
 
11.           Upon the execution by you and return to us of this Letter of
Intent, counsel for REFLECTKOTE and EXTREME will prepare a definitive Agreement
which shall contain provisions in accordance with this Letter together with such
further appropriate terms and conditions as legal counsel and the parties may
mutually determine.  The Agreement shall be subject, in all respects, to the
approval of the respective Boards of Directors of EXTREME and REFLECTKOTE.
 
12.           It is understood that the terms set forth in this Letter may not
constitute all of the major terms which will be included in the Exchange
Agreement, that the terms set forth herein are subject to further discussion and
negotiation, and that this Letter is an expression of intent only and is not to
create or result in any legally binding obligation upon the parties hereto
except with respect to paragraphs 8 and 10.
 
 
 

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M. David Sayid, Esq., Interim President
Reflectkote, Inc.
February 5, 2010
Page 3
 
 
If the foregoing accurately reflects our discussions, please execute and return
to the undersigned one copy of this Letter.

EXTREME MOBILE COATINGS WORLDWIDE CORP.

By:_______________________________
Charles Woodward, President

REFLECTKOTE, INC.

By:_______________________________
M. David Sayid, Esq., Interim President

 
 

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M. David Sayid, Esq., Interim President
Reflectkote, Inc.
February 5, 2010
Page 4
 
 
Schedule A
 
List of Assets
 
a)  Patent Application Number 61/132,569
 
Filing Date:  06/28/2008
 
Confirmation No.:  2571
 
 
 
 
b)  Patent Application Number 61/273,098
 
Filing Date:  07/31/2009
 
Confirmation No.:  2776
 
 
 
 

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M. David Sayid, Esq., Interim President
Reflectkote, Inc.
February 5, 2010
Page 5
 
 
Schedule B
 
List of Certain Liabilities
 
 
 
a)  Settlement Agreement by and between RKTE (f/k/a HVAG), James Zimbler and
Susan Zimbler vs. Michael Margolies
 
b)  Settlement Agreement by and between RKTE (f/k/a HVAG), and James Zimbler vs.
Stanley Chason
 
c) RKTE Consent Order, Final Judgment with the SEC
 
d) RKTE Monetary Judgment with the SEC
 
e) State of Illinois- payroll taxes
 
f) State of Michigan – payroll taxes.
 
g) Amount due to Manhattan Transfer and Registrar
 
 
 
 

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