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CHALLENGER POWERBOATS, INC.
CPWB
CONSULTING AGREEMENT
This Consulting Affeement is made and entered into
this 14 th day of March 2007, by and between C.C.R.I.
Corporation, a Colorado corporation ("Consultant"), and Challenger
Powerboats, Inc. (CPWB, the Company).
It is agreed as follows:
1.
Consultant Services. Consultant hereby agrees to perform and
provide investor relations and development services for the Company
until March 14, 2008. Consultant will perform the Services with the
assistance and full participation of Mr. Malcolm McGuire and his
associates. The services will include, but not be limited to, the
following:
(a) Generally oversee and coordinate all IR. efforts on behalf of
Challenger Powerboats, Inc.
(b)
Preparation of a Corporate Research Report, suitable for use with
brokers and investors (research, write, design, print and
distribute). The purpose of this "piece" shall be to define
Challenger Powerboats, Inc. for investors, and to highlight its
investment merit. Regularly update the report and display it on the
CCRI website.
(c) Interface with the investment community on behalf of the
Company, and work to generate investor interest in the Company in
this setting.
(d)
Schedule and oversee a planned program of due
diligence activities including broker luncheons, corporate
visitations, money manager meetings, CEO/broker conference calls,
and financial writer introductions.
(e)
Assist the Company by interfacing with other professionals employed
by Challenger Powerboats.
(f) Prepare and distribute in accordance with
applicable laws, rules and regulation, FAX pieces designed
specifically to encourage interest in the Company (utilizing
C.C.R.I.'s broker and investor FAX NETWORK). A similar e-mail
distribution is sent to both our Domestic and International
network. FaxNet goes out each Monday morning.
(g)
Enlist additional quality brokerage
houses to follow the Company's stock.
(h)
Introduce Company personnel
to key persons in the investment community and to C.C.R.I.'s
network of both retail and institutional brokers, financial
planners, money managers, analysts, and investors. This will
include due diligence meetings in select cities, at CPWB s
request.
(i) Develop a database of key brokers that can be educated on
behalf of the ompany and its stock. and seek to enhance the
interest of these brokers in the Company.
(j)
Assist, when requested, in the
preparation of presentations to broker and investor
groups.
(k)
Provide quality Internet exposure via
C.C.R.I.'s Web Site.
2. Payment. Subject to the provisions of the Agreement, the
Company shall pay Consultant the following as full compensation for
the Services liar the term hereof:
(a) Cash -- this is an "equity based" agreement. CCRI will he
compensated by a monthly payment of $3.000 to offset its normal
expenses attendant to this agreement.
(b) Stock Compensation. Consultant shall
receive payment of 600,000 shares of restricted common stock of
Challenger Powerboats. Consultant represents that it is acquiring
these shares for investment and not with a view to any sales.
transfer or other distribution. Consultant understands that the
shares have not been registered under the Securities Act of 1933,
as amended, ("Act") and, therefore, cannot he resold unless
they
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