Common Contracts

2 similar Purchase Order Financing Agreement contracts by Challenger Powerboats, Inc.

Purchase Order Financing Agreement
Purchase Order Financing Agreement • May 21st, 2007 • Challenger Powerboats, Inc. • Ship & boat building & repairing • Massachusetts

FOR VALUE RECEIVED, Challenger Offshore, Inc., a Nevada corporation (the “Company”), (OTC BB: EXCS) hereby promises to pay DUTCHESS PRIVATE EQUITIES FUND, LTD. (the “Holder”) by April 26, 2007 (the “Maturity Date”), or earlier, the Face Amount of One Hundred and Eighty Thousand dollars ($180,000) U.S., plus accrued interest, in such amounts, at such times and on such terms and conditions as are specified herein.

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Purchase Order Financing Agreement
Purchase Order Financing Agreement • May 21st, 2007 • Challenger Powerboats, Inc. • Ship & boat building & repairing • Massachusetts

FOR VALUE RECEIVED, Challenger Offshore, Inc., a Nevada corporation (the “Company”), (OTC BB: CPWB) hereby promises to pay DUTCHESS PRIVATE EQUITIES FUND, LTD. (the “Holder”) by May 3, 2007 (the “Maturity Date”), or earlier, the Face Amount of One Hundred and Fifty Thousand dollars ($150,000) U.S., plus accrued interest, in such amounts, at such times and on such terms and conditions as are specified herein.

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