May 28, 2007 Ms. Laurie A. Phillips, President & CEO Challenger Powerboats, Inc. Washington, MO 63090Letter Agreement • August 22nd, 2007 • Challenger Powerboats, Inc. • Ship & boat building & repairing • Florida
This letter agreement (this “Agreement”) will confirm the understanding between Challenger Powerboats, Inc. (together with its affiliates, the “Company”) and Grannus Finanial Advisors, Inc. (“Grannus”), pursuant to which the Company has retained Grannus to render financial advisory and other services to the Company as described below.
