McCormack asks Haji Fukuhara to note the attached two letters regarding Kapalua and Takii. Attached are two letters from Don Young. The letter dated April 22, 1991 and addressed to McCormack provides fomal notice that they will not renew the logo licensing agreement between Kapalua Land Company, Ltd. and IMG's International Merchandising Corporation. The letter dated April 25, 1991 and addressed to Takazo Takii indicates that they have given formal notice to IMG that they will not renew the aforementioned logo licensing agreement between Kapalua Land Company, Ltd. and International Merchandising Corporation and Marubeni Corporation.
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