Document:

EXHIBIT 10.75

                             ASSIGNMENT OF TAX CLAIM

         Assignment dated as of ___________________, 2002, given by TRAVIS BOATS
& MOTORS, INC. ("Assignor") to TRANSAMERICA  COMMERCIAL FINANCE CORPORATION,  as
agent  ("Assignee")  for  Transamerica   Commercial  Finance   Corporation,   GE
Commercial Distribution Finance Corporation and TMRC, L.L.P.

         1. For value  received,  the  receipt of which is hereby  acknowledged,
Assignor hereby sells,  assigns,  transfers and sets over to Assignee all monies
and claims from monies due and/or to become due to the Assignor  from the United
States of America or any  department or agency thereof  (hereinafter  called the
"Government"),  arising out of any  application  in the name of Assignor  for an
income  tax  refund  for any tax year,  filed or to be filed at any time or from
time to time by Assignor with the Internal Revenue Service,  including,  but not
limited to, the application in the name of Assignor for an income tax refund for
tax  year  2002  (individually,  a  "Tax  Refund"  and  collectively,  the  "Tax
Refunds").

         2. The Assignor  hereby  specifically  and  irrevocably  authorizes and
directs the Government to make all payments under any Tax Refund directly to the
Assignee  and hereby  irrevocably  authorizes  and empowers  the  Assignee,  and
appoints the Assignee,  its executors,  administrators and assigns, its true and
lawful  attorney  with  full  power  of  substitution  and  revocation,  as such
Assignee, to ask, demand, receive,  receipt and give acquittance for any and all
amounts  which may be or become due or  payable or remain  unpaid at any time or
times to the Assignor by the Government under and pursuant to any Tax Refund and
to endorse any checks,  drafts or other orders for the payment of money  payable
to the Assignor in payment thereof, and in the Assignee's discretion to file any
claims or to take any action or proceeding either in its own name or in the name
of the Assignor or otherwise, which to the Assignee may deem to be necessary and
advisable,  and to execute any  necessary  closing  agreement  and any necessary
waivers of the  statute  of  limitation.  It is  expressly  understood  that the
Assignee  shall  receive  copies  of  all   communications  and  proceedings  in
connection  with the aforesaid  claims,  but shall not be required or obliged in
any  manner  to make any  demand  or to make any  inquire  as to the  nature  or
sufficiency of any payment received by it, or to present or file any claim or to
take any other action to collect or enforce the payment of any amounts which may
have been  assigned  to the  Assignee or to which the  Assignee  may be entitled
hereunder at any time or times.

         3.  Assignor  represents  and  warrants to Assignee  that (A) it is the
lawful  owner of all rights to the Tax  Refunds;  (B)  Assignor has the right to
assign the Tax  Refunds to  Assignee;  (C)  Assignor's  rights in and to the Tax
Refunds are free from all liens and encumbrances:  (D) Assignor will warrant and
defend  the Tax  Refunds  against  the claims and  demands  of all  persons  and
entities;  (E) no other  assignment of any Tax Refund has been made by Assignor;
and (F) this Assignment  constitutes a first and superior  assignment of the Tax
Refunds having priority over any other person or entity.

         4.  Assignor  agrees (A) that if any Tax Refund,  or any portion of any
Tax Refund, is paid to Assignor at any time or from time to time,  Assignor will
receive and hold the same in trust for Assignee and Assignor will forthwith upon
receipt of such Tax Refund  deliver such Tax Refund to Assignee in the identical
form of payment  received  by the  Assignor;  and (B) that it will  execute  and
deliver all such further instruments and due all such further acts and things as
Assignee  may  reasonably  request or shall be necessary or desirable to further
and more perfectly assure to Assignee its rights to the Tax Refunds.

         IN WITNESS  WHEREOF,  Assignor has duly executed this  Assignment as of
the date first above written.

                                          TRAVIS BOATS & MOTORS, INC.

                                          By:  ______________________________
                                          Title:  ___________________________
<PAGE>

STATE OF _______  )
                         ) SS.
COUNTY OF _______ )

         I, ____________________, a Notary Public in and for said County, in the
State         aforesaid,         DO         HEREBY         CERTIFY,         that
_________________________________________   of  Travis  Boats  &  Motors,   Inc.
personally is known to me to be the same person whose names is subscribed to the
foregoing  instrument  as such  ______________,  appears  before  me this day in
person  and  acknowledged  that  such  person  signed  and  delivered  the  said
instrument  as such  person's  own  free and  voluntary  act and as the free and
voluntary act of said corporation, for the uses and purposes therein set forth.

         GIVEN under my hand and notarial seal this day of ___________, 2002.

                                                  -----------------------------
                                                          NOTARY PUBLIC

My Commission Expires:

------------------------------
       [S E A L]EXHIBIT 10.76

                                OPTION AGREEMENT

         THIS OPTION AGREEMENT (the  "Agreement") is made and entered into as of
January 7, 2003,  by and between  TMRC,  L.L.P.,  a Missouri  limited  liability
partnership  ("Holder") and Mark T. Walton, an individual  residing in the state
of Texas ("Grantor").

                                    Recitals

         WHEREAS, Grantor and other shareholders of Travis Boats & Motors, Inc.,
a Texas  corporation  (the  "Company")  have created a voting trust (the "Voting
Trust")  pursuant to a Voting Trust  Agreement  dated as of the date hereof into
which Grantor and such  shareholders  have  deposited all of their shares of the
common stock,  par value $0.01 per share, of the Company (the "Common Stock") in
exchange for voting trust  certificates  (each, a "Certificate")  evidencing the
beneficial ownership of such deposited shares; and

         WHEREAS,  in order to induce the Holder to enter into certain financial
arrangements  with the Company,  Grantor desires to grant to Holder the right to
purchase certain of Grantor's Certificates.

                                    Agreement

         NOW   THEREFORE,   in   consideration   of  the   recitals  and  mutual
representations,  warranties, covenants and agreements contained herein, and for
other good and valuable consideration,  the receipt and sufficiency of which are
hereby  acknowledged,  and  subject  to the terms  and  conditions  hereof,  the
parties, intending to be legally bound, hereby agree as follows:

         1. Grant of Option.  Grantor  hereby  grants to Holder the option  (the
"Option") to purchase  Certificates  representing up to the lesser of (a) thirty
percent (30%) of the shares of Common Stock deposited by Grantor into the Voting
Trust and (b) the  number of shares  (pro rata  among all other  grantors  of an
Option to Holder) required at the time of exercise to give Holder 51% or more of
the common stock of the Company, on a fully-diluted,  as if converted, basis, in
either case,  at an exercise  price equal to $1.20  multiplied  by the number of
shares of Common Stock underlying the Certificates to be purchased.

         2.  Term  of  Option.  This  Option  and all  rights  to  purchase  the
Certificates  hereunder  shall expire at the close of business on March 31, 2003
(the "Expiration  Date").  To the extent that this Option has not been exercised
in full prior to the Expiration  Date, it shall terminate and become void and of
no effect.

         3. Exercisability and  Non-transferability of Option. This Option shall
be  exercisable  in whole or from time to time in part  during the term  hereof.
This   Option   and  all   rights   hereunder   shall  be   non-assignable   and
non-transferable.  Any attempted transfer,  assignment, pledge, hypothecation or
other disposition of this Option,  except as provided herein,  shall be null and
void and without effect.

<PAGE>

         4. Method of Exercise of Option. The Holder may exercise the Option, in
whole or in part, by delivery to the Grantor of a written notice of its election
to  exercise  the Option (the  "Exercise  Notice"),  identifying  that number of
shares of Common Stock  underlying the Certificates as to which such exercise is
then being sought,  which number may not exceed the number of underlying  shares
of Common  Stock as to which  the  Option  may then be  exercised,  taking  into
account any and all prior partial  exercises of the Option.  The Exercise Notice
must be  accompanied by surrender of the original of this Agreement for notation
by the Grantor and return to the Holder,  as appropriate.  The effective date of
exercise  of the  Option as to which an  Exercise  Notice  has been  given  (the
"Exercise  Date")  shall  be the  later of the date  the  Grantor  receives  the
Exercise  Notice and the date Grantor  receives  payment in full of the Exercise
Price for the Certificates as to which the Option is being exercised.

         5.  Delivery of New  Certificates.  On the Exercise  Date,  the Grantor
shall (a)  issue  written  notice to the  trustee  of the  Voting  Trust of such
transfer,  (b)  instruct  the trustee to record  such  transfer in the books and
records  of the  Voting  Trust,  and (c)  submit to the  trustee  the  Grantor's
Certificates  purchased hereunder,  accompanied by any transfer documents as may
be  requested  by the  trustee,  to permit the  trustee to issue and  deliver to
Holder a  Certificate  representing  the number of  underlying  shares of Common
Stock as to which the Option has thus been exercised and to re-issue and deliver
to Grantor a Certificate  representing the balance of Grantor's  holdings within
the Voting Trust.

         6. Grantor  Representations.  Grantor hereby represents and warrants to
Holder that (a) all shares of Common Stock underlying the  Certificates  held by
Grantor are beneficially  owned by Grantor,  are validly issued,  fully paid and
non-assessable,  and are free and clear of any liens, pledges, charges, security
interests  or  encumbrances  of any  kind,  or any  other  type of  preferential
arrangement that has the practical effect creating an encumbrance on such shares
of Common Stock. (b) this Agreement is a valid and binding obligation of Grantor
enforceable  against Grantor in accordance  with its terms,  and (c) Grantor has
the absolute and unrestricted  right,  power,  authority and capacity to execute
and deliver  this  Agreement  and to perform  Grantor's  obligations  under this
Agreement.

         7. Notices.  All notices,  requests,  waivers and other  communications
made pursuant to this  Agreement  shall be in writing and shall be  conclusively
deemed to have been duly given (a) when hand  delivered to the other party;  (b)
when  received when sent by facsimile at the address and number set forth below;
(c) three (3) business  days after  deposit in the U.S. mail with first class or
certified  mail receipt  requested  postage  prepaid and  addressed to the other
party as set forth  below;  or (d) the next  business  day after  deposit with a
national overnight delivery service,  postage prepaid,  addressed to the parties
as set forth below with next-business-day delivery guaranteed, provided that the
sending party  receives a  confirmation  of delivery  from the delivery  service
provider.

         To Holder:                                              To Grantor:

         TMRC, L.L.P. c/o
         Tracker Marine, L.L.C.
         2500 East Kearney Street
         Springfield, Missouri 65803
         Attn:  Ken Burroughs
         Fax Number: (417) 873-5052

                                       2

<PAGE>

         With copies to:

         Gallop, Johnson & Neuman, L.C.
         101 S. Hanley, Suite 1600
         Saint Louis, Missouri  63119
         Attn:  Robert H. Wexler, Esq.
         Fax Number:  (314) 615-6001

Each person making a communication hereunder by facsimile shall promptly confirm
by  telephone  to the  person  to whom such  communication  was  addressed  each
communication  made by it by facsimile  pursuant  hereto but the absence of such
confirmation  shall not affect the validity of any such  communication.  A party
may change or supplement  the  addresses  given above,  or designate  additional
addresses,  for  purposes of this  Section 7 by giving the other  party  written
notice of the new address in the manner set forth above.

         8. Applicable Law. This Agreement shall be governed by and construed in
accordance  with  the laws of the  State  of  Missouri,  without  regard  to its
conflicts of laws and choice of laws principles.

         9.  Amendment.  This  Agreement may be amended by written  agreement of
Holder and Grantor without consent of any other person.

         10.  Counterparts.  For the  convenience of the parties,  any number of
counterparts  of this  Agreement may be executed by the parties  hereto and each
such  executed  counterpart  shall be,  and  shall be deemed to be, an  original
instrument.

                  (Remainder of Page Intentionally Left Blank)

                                       3
<PAGE>

The parties have executed this  Agreement as of the date  reflected on the first
page of this Agreement.

                                    "GRANTOR"

                                     -------------------------------------------

ACCEPTED:

TMRC, L.L.P.

By:
   ------------------------------
Name:
     ----------------------------
Title:
      ---------------------------

                                       4

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