LICENSE AGREEMENT


This  Agreement,  entered  into  as  of  June  2,  2004,  is made between Albert
Mardikian  ("Licensor")  and  Xtreme  Companies,  Inc.,  a  Nevada  corporation
("Licensee").  In  consideration  of  the  mutual  covenants  contained  in this
Agreement,  the  parties,  intending  to  be  legally  bound,  agree as follows:

Article  1.0     DEFINITIONS

Capitalized  terms  used herein shall have the meanings given in the Schedule of
Definitions  attached  as  Exhibit  A  hereto.

Article  2.0     LICENSE  TO  SELL  THE  PRODUCT  COMMERICALLY

2.1  Licensor  hereby  grants  and  Licensee  hereby  accepts  a  non-exclusive,
perpetual  license  to  sell,  lease or otherwise dispose of the fire and rescue
boats  (the  "Product")  for  Commercial  purposes  in  North  America.

2.2  Licensor  warrants  that  it  has  the right to grant Licensee the licenses
granted pursuant to Section 2.1. Licensor warrants that the use of the Technical
Information  to  manufacture  and  sell Products and the manufacture and sale of
Products  will  not  infringe any patent or copyright. Licensor shall defend any
suit  or  proceeding brought against Licensee insofar as such suit or proceeding
is based on a claim that the use of the Technical Information or the manufacture
or sale of Products constitutes direct or indirect infringement of any patent or
copyright  and  Licensor  shall  indemnify  and  hold Licensee harmless from and
against  any  and  all  liability,  loss,  costs, damages or expenses, including
reasonable  attorneys'  fees,  arising  out  of  any  such  claim or proceeding.

Article  3.0     DELIVERY  OF  TECHNICAL  INFORMATION

3.1  Licensor  agrees  to  make available to Licensee all Technical Information,
which  will  assist  Licensee  in selling, leasing or otherwise disposing of the
Product  that  Licensor  now  has or acquires during the term of this Agreement.

Article  4.0     PATENTS  AND  TRADEMARKS

4.1  The  license granted by Licensor pursuant to Section 1.1 shall be deemed to
include  an  non-exclusive  license  under  any  patents  now owned or hereafter
acquired  by  Licensor during the term of this Agreement to manufacture Products
and sell compositions incorporating such products so manufactured throughout the
world.

4.2  Each party agrees not to register or use any trademark or trade-name of the
other  or  any  trademark  or  trade-name  confusingly similar thereto in sound,
appearance, or meaning without first obtaining the written consent of the other.
Each  party  shall  be free to use product code designations in use by the other
party, such as numerical or generic designations used to identify or distinguish
products,  for  substantially  identical  products.

4.3  Licensee  shall have exclusive ownership rights to all Improvements and any
products  developed by Licensee using or incorporating the Technical Information
after  the  initial  transfer  of such information to Licensee. All Improvements
developed  by  Licensor  shall  remain  the  property  of  Licensor and shall be
licensed  to  Licensee  as  set  forth  in  Section  3.5.

Article  5.0     PAYMENT

5.1  Licensee  shall  pay  Licensor  2%  of  gross  revenue from the sale of the
Product(s)  of  the  Licensor").

Article  6.0     CONFIDENTIALITY

6.1  Each  party  agrees to maintain in confidence all information received from
the  other  party  under  this  Agreement  and  deemed  by  such  party  to  be
confidential,  and  agrees not to disclose the same to third parties, and agrees
to  obligate all of its employees having access to such information to adhere to
this  obligation  of  confidentiality. This mutual obligation of confidentiality
shall  not apply to any information which is or becomes public knowledge through
no  fault of the receiving party or which the receiving party can demonstrate in
writing  was  known  prior to the disclosure by the disclosing party or which is
obtained  by  the  receiving party from a third party with an unrestricted legal
right  to  disclose  the  same  to  others. The provisions of this section shall
continue  in  effect  for  a  period  of  1  years after the termination of this
Agreement.

Article  7.0     TERM  AND  TERMINATION

7.1 This Agreement shall commence on the date set forth above and shall continue
until  terminated  pursuant  to  this  Article 7.0 or one year from the date set
forth  above.

7.2  In  the event that either party hereto breaches this Agreement and fails to
remedy  such breach within 30 days after notice thereof, the non-breaching party
shall  be  entitled  to  terminate  this  Agreement  upon written notice of such
termination.

7.3  Upon  termination  of  this  Agreement  Licensee shall cease its use of the
Technical  Information  as  of  the  effective date of such termination, and the
rights of the terminating party and the obligations of the non-terminating party
shall  not  be  prejudiced  by  such  termination.

Article  8.0     NOTICE

8.1  Any  notice,  consent  or  communication  required  to  be given or payment
required  to  be  made to either party shall be sent to its address as first set
forth  above,  or  at  such  other address as either party may by written notice
designate  to  the  other  from  time  to  time.

8.2  Any  and all notices shall be in writing and shall be delivered personally,
or  by  registered or certified mail, or by telegram or telex to the other party
at  its  current  address  as  designated in writing from time to time. Any such
notice  shall  be  deemed  to  have  been  received  by  the party addressed (i)
immediately  upon  personal  delivery  (ii) 1 business day after notice given by
telegram  or telex and (iii) 3 business days after the date of posting of notice
sent  by  registered  or  certified  mail.

Article  9.0     ASSIGNMENT

9.1  The  rights  granted  herein  may  not be assigned by either party by their
respective acts or by operation of law, without the prior written consent of the
other  party  hereto.

Article  10.0     MISCELLANEOUS

10.1  Each  party  shall give its full cooperation to the other in achieving and
fulfilling  the  terms of this Agreement and, to that end, each party shall give
all consents and information and execute all such documents as may be reasonably
required  to  so  fulfill  and  achieve these purposes, including such as may be
required  by  governmental  laws  or  regulations.

10.2 This Agreement may be executed in any number of counterparts, each of which
shall  be  deemed an original and all of which together shall constitute one and
the  same  instrument.

10.3  Article  headings contained in this Agreement are included for convenience
only  and  form  no  part  of  the  agreement  between  the  parties  hereto.

10.4  Any  delays  in or failure by either party in their performance under this
Agreement shall be excused if and to the extent that such delays or failures are
caused  by  occurrences  beyond  such  party  's  control.

10.5  This  Agreement  constitutes  the entire understanding between the parties
with  respect to the subject matter hereof and may be amended only by a document
in  writing.

10.6  No  modification, renewal, extension or waiver of this Agreement or any of
its  provisions  shall  be  binding  unless  in  writing  and mutually accepted.

10.7  This  Agreement shall be interpreted and construed and the legal relations
created  herein shall be determined, in accordance with the laws of the State of
California.


                           [Signature page to follow]


IN WITNESS WHEREOF, the parties have executed this Agreement effective as of the
date  first  written  above.

/s/ Albert  Mardikian
     Albert  Mardikian
Date:     ______________________

Xtreme  Companies,  Inc.
By:  /s/ Kevin Ryan
     Kevin  Ryan,  CEO
Date:     ______________________



















                                    Exhibit A
                             SCHEDULE OF DEFINITIONS

    For purposes of this Agreement, the following terms shall have the meanings
                                     given:
"Commercial" shall mean the right to sell the Product to civilian or nonmilitary
persons  in  North  America.

"Cost" shall be determined prior to manufacturing of each vehicle by the parties
hereto.

"Product"  shall  mean  the fire and rescue boats FRJ 1250 and FRJ 1530 and1550,
patrol  boats  and  vortex  boat.

"Technical  Information"  shall  mean  all  technical  information  and know-how
developed  and  owned  by  Licensor in connection with any technical research or
development  efforts  undertaken  by  Licensor  with  respect  to  the  Product
including,  but not limited to, design technology, and manufacturing technology.

"Net  Sales  Revenue"  shall  mean  gross sales revenue less any taxes, returns,
allowances, quantity discounts, freight and insurance when the same are actually
paid  or  allowed.

"Improvements"  shall  mean  any  technical information or know-how developed by
Licensor  or  Licensee  after  the date of the initial transfer of the Technical
Information  and  during  the term of this Agreement that uses or relates to the
Technical  Information,  including  all  related  patents  throughout the world.