Ultra Motorcycle Company (fka UMCC)

[DirtyDawg]

Hdogtx

In January 2000, V Twin Holdings purchased from Ultra Acquisition Company ("Ultra")
the assets and assumed certain liabilities of five retail motorcycle dealerships
(each doing business as "Bikers Dream") located in the states of Texas,
California and North Carolina. Consideration paid to Ultra consisted of 83,333
shares of common stock valued at $500,000, $37,000 cash and the issuance of a
promissory note payable for $1,000,000. The promissory note matures in five
years, accrues interest at 5% and is secured by the assets of the Bikers Dream
stores. Payments of interest and principal begin in May 2001.