To be honest, both are atrocious.
As had been said, no need to flip the E.
The top one is ridiculous with the skinny X and the 80s fonts.
But then you add insult to injury in the second attempt with that horrid X and the childlike script that looks like Comic Sans with diarrhea.
The colors are especially noxious on this one too.
Another thing...you don't have to outline everything.
Try sketching out something with a pencil or a Sharpie until you get the feel you want.
Then import it into your design program and search for a font that fits the bill.
Do all this in black and white before you even think of adding color.
I don't want to rip on your name, which might have some merit in the motocross or racing world, but I would try to think of a business name that will stand the test of time.
Kudos for not using an X in graphics, and for using a grey drop shadow in your second layout. And for not using every fill known to man.
I think a slashy script for the name might be nice, with Graphics the part that stands out, because that is what you are trying to sell.
Beyond that, I'd start over again or hire out the logo design.
Love.....Jill