Exhibit 10.7 EMPLOYMENT AGREEMENT -------------------- THIS EMPLOYMENT AGREEMENT (the "Agreement"), dated as of January _1_, 2007, is entered into between Challenger Powerboats, Inc., a Nevada corporation (the "Company" or "Xtreme"), and Mark Overbye...Employment Agreement • February 8th, 2007 • Challenger Powerboats, Inc. • Ship & boat building & repairing • Missouri
AGREEMENT ---------Purchase and Sale Agreement • February 8th, 2007 • Challenger Powerboats, Inc. • Ship & boat building & repairing • North Dakota
Exhibit 10.6 SECURITY AGREEMENT ------------------ THIS SECURITY AGREEMENT, is made as of the 29th day of January, 2007, by IMAR Group, LLC and Challenger Powerboats, Inc., a Nevada corporation (collectively, the "Borrower"), on one hand, and Mark...Security Agreement • February 8th, 2007 • Challenger Powerboats, Inc. • Ship & boat building & repairing
EXHIBIT 10.9 PROMISSORY NOTE --------------- Date: January _29_, 2007 -- Note Amount: $670,000 PROMISE TO PAY: Challenger Powerboats, Inc., ("Borrower"), 300 Westlink ---------------- Drive, Washington, Missouri, promises to pay to the order of Mark...Promissory Note • February 8th, 2007 • Challenger Powerboats, Inc. • Ship & boat building & repairing
NEITHER THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE...Securities Agreement • February 8th, 2007 • Challenger Powerboats, Inc. • Ship & boat building & repairing
THIS COMMON STOCK PURCHASE WARRANT (the "Warrant")CERTIFIES that, for value ------------- received, MARK OVERBYE (the "Holder"),is entitled, upon the terms and subject to ------------ the limitations on exercise and the conditions hereinafter set...Securities Agreement • February 8th, 2007 • Challenger Powerboats, Inc. • Ship & boat building & repairing
ANDAsset and Technology Acquisition Agreement • February 8th, 2007 • Challenger Powerboats, Inc. • Ship & boat building & repairing • Missouri
GuarantyAgreement ----------------- This Agreement dated January 30, 2007, is entered into by and between Challenger Powerboats, Inc. ("Challenger"), Dutchess Private Equities Fund Ltd. ("Dutchess"), and the following individuals, Howard Dahl, Chuck...Guaranty Agreement • February 8th, 2007 • Challenger Powerboats, Inc. • Ship & boat building & repairing • North Dakota
Exhibit 10.8 LEAK-OUT AGREEMENT ------------------- THIS LEAK-OUT AGREEMENT BETWEEN CHALLENGER POWERBOATS, INC. (THE "COMPANY") AND MARK OVERBYE, HIS AFFILIATES, RELATED PARTY ENTITIES, SUCCESSORS AND FAMILY MEMBERS (HEREIN REFERRED TO AS "OVERBYE")...Leak-Out Agreement • February 8th, 2007 • Challenger Powerboats, Inc. • Ship & boat building & repairing
THIS LEAK-OUT AGREEMENT BETWEEN CHALLENGER POWERBOATS, INC. (THE "COMPANY") AND MARK OVERBYE, HIS AFFILIATES, RELATED PARTY ENTITIES, SUCCESSORS AND FAMILY MEMBERS (HEREIN REFERRED TO AS "OVERBYE") IS DATED JANUARY 29, 2007 AND SUPERSEDES ANY AND ALL OTHER AGREEMENTS ON THE SUBJECT MATTER OF THIS LEAK-OUT AGREEMENT WHETHER IN WRITING OR ORALLY COMMUNICATED BETWEEN BOTH PARTIES.
