SETTLEMENT AGREEMENT AND MUTUAL RELEASESettlement Agreement • February 5th, 2008 • Challenger Powerboats, Inc. • Ship & boat building & repairing • Missouri
This Settlement Agreement and Mutual Release (“Settlement Agreement”) is entered into this 28th day of January 2008, among Barrett Evans, eFund Small-Cap Fund, L.P. and eFund Capital Partners, L.L.C. (collectively “Evans”) on the one hand, and Challenger Powerboats, Inc. f/k/a Xtreme Companies, Inc. and Marine Holdings, Inc. d/b/a Challenger Offshore (collectively “Challenger”), on the other hand.
