The Operator of Vessel 1 made a sharp right turn in front of Vessel 2.  Upon realizing the error, the Operator of Vessel 1 turned sharply to port and attempted to accelerate out of the path of Vessel 2; in the process the starboard side of Vessel 1 was raised out of the water.  Despite this maneuver, the bow of Vessel 2 still struck the starboard bottom of Vessel 1.  The Operator and Occupant aboard Vessel 1 were both ejected off of the port side of Vessel 1, while the Operator of Vessel 2 was ejected and thrown airborne over the top of both vessels.
Toledo