Exhibit 10.7 to Viper Powersports, Inc. Form SB-2 dated December 29, 2005








Exhibit 10.7 





VIPER POWERSPORTS INC. 



PLACEMENT AGENT AGREEMENT 



Dated as of: August 28, 2005 



Monitor Capital Inc.

9171 Towne Centre Drive, Suite 465

San Diego, CA 92122 



Ladies and Gentlemen: 



        The undersigned, Viper
Powersports Inc., a Nevada corporation (the “Company”), hereby agrees with Monitor Capital Inc. (the
“Placement Agent”), and Cornell Capital Partners, LP (the “Investor”) as follows:  



        B.    Offering.   The
Company hereby engages the Placement Agent to act as its exclusive placement agent in connection with the Standby Equity
Distribution Agreement dated the date hereof between the Company and the Investor (the “Standby Equity Distribution
Agreement”), pursuant to which the Company shall issue and sell to the Investor, from time to time, and the Investor
shall purchase from the Company (the “Offering”) up to Fifteen Million Dollars ($15,000,000) (the
“Commitment Amount”) of the Company’s common stock, par value $0.001 per share (the “Common
Stock”), at price per share equal to the Purchase Price, as that term is defined in the Standby Equity Distribution
Agreement. The Placement Agent services shall consist of reviewing the terms of the Standby Equity Distribution Agreement and
advising the Company with respect to those terms. 



        All capitalized terms used
herein and not otherwise defined herein shall have the same meaning ascribed to them as in the Standby Equity Distribution
Agreement. The Investor will be granted certain registration rights with respect to the Common Stock as more fully set forth in
the Registration Rights Agreement between the Company and the Investor dated the date hereof (the “Registration Rights
Agreement”). The documents to be executed and delivered in connection with the Offering, this Agreement, the Standby
Equity Distribution Agreement, and the Registration Rights Agreement are referred to sometimes hereinafter collectively as the
“Offering Materials.” The Company’s Common Stock purchased by the Investor under the Standby Equity
Distribution Agreement is sometimes referred to hereinafter as the “Securities.” The Placement Agent shall not be
obligated to sell any Securities. 



        C.    Compensation.  



                 1.    Upon
the execution of this Agreement, the Company shall issue to the Placement Agent or its designee shares of the Company’s
Common Stock in an amount equal to Ten Thousand Dollars ($10,000) divided by the closing Bid Price of the Common Stock, as quoted
by Bloomberg, LP, on the date hereof (the “Placement Agent’s Shares”). The Placement Agent shall be entitled
to “piggy-back” registration rights with respect to the Placement Agent’s Shares, which shall be triggered upon
registration of any shares of Common Stock by the Company pursuant to the Registration Rights Agreement dated the date hereof.

















        D.    Representations,
Warranties and Covenants of the Placement Agent. 



                 1.              The
Placement Agent represents, warrants and covenants as follows:  



                        i.              The
Placement Agent has the necessary power to enter into this Agreement and to consummate the transactions contemplated hereby.




                        ii.              The
execution and delivery by the Placement Agent of this Agreement and the consummation of the transactions contemplated herein will
not result in any violation of, or be in conflict with, or constitute a default under, any agreement or instrument to which the
Placement Agent is a party or by which the Placement Agent or its properties are bound, or any judgment, decree, order or, to the
Placement Agent’s knowledge, any statute, rule or regulation applicable to the Placement Agent. This Agreement when executed
and delivered by the Placement Agent, will constitute the legal, valid and binding obligations of the Placement Agent, enforceable
in accordance with their respective terms, except to the extent that (a) the enforceability hereof or thereof may be limited by
bankruptcy, insolvency, reorganization, moratorium or similar laws from time to time in effect and affecting the rights of
creditors generally, (b) the enforceability hereof or thereof is subject to general principles of equity, or (c) the
indemnification provisions hereof or thereof may be held to be in violation of public policy. 



                        iii.              Upon
receipt and execution of this Agreement, the Placement Agent will promptly forward copies of this Agreement to the Company or its
counsel and the Investor or its counsel. 



                        iv.              The
Placement Agent will not intentionally take any action that it reasonably believes would cause the Offering to violate the
provisions of the Securities Act of 1933, as amended (the “1933 Act”), the Securities Exchange Act of 1934 (the
“1934 Act”), the respective rules and regulations promulgated thereunder (the “Rules and
Regulations”) or applicable “Blue Sky” laws of any state or jurisdiction. 



                        v.              The
Placement Agent is a member of the National Association of Securities Dealers, Inc., and is a broker-dealer registered as such
under the 1934 Act and under the securities laws of the states in which the Securities will be offered or sold by the Placement
Agent unless an exemption for such state registration is available to the Placement Agent. The Placement Agent is in material
compliance with the rules and regulations applicable to the Placement Agent generally and applicable to the Placement Agent’s
participation in the Offering. 



        E.    Representations
and Warranties of the Company.  



                 1.              The
Company represents and warrants as follows:  



                        i.    The
execution, delivery and performance of each of this Agreement, the Standby Equity Distribution Agreement, and the Registration
Rights Agreement has been or will be duly and validly authorized by the Company and is, or with respect to this Agreement, the
Standby Equity Distribution Agreement, and the Registration Rights Agreement will be, a valid and binding agreement of the
Company, enforceable in accordance with its respective terms, except to the extent that (a) the enforceability hereof or thereof
may be limited 
















by bankruptcy, insolvency, reorganization, moratorium or similar laws from
time to time in effect and affecting the rights of creditors generally, (b) the enforceability hereof or thereof is subject to
general principles of equity or (c) the indemnification provisions hereof or thereof may be held to be in violation of public
policy. The Securities to be issued pursuant to the transactions contemplated by this Agreement and the Standby Equity
Distribution Agreement have been duly authorized and, when issued and paid for in accordance with this Agreement and the Standby
Equity Distribution Agreement will be valid and binding obligations of the Company, enforceable in accordance with their
respective terms, except to the extent that (1) the enforceability thereof may be limited by bankruptcy, insolvency,
reorganization, moratorium or similar laws from time to time in effect and affecting the rights of creditors generally, and (2)
the enforceability thereof is subject to general principles of equity. All corporate action required to be taken for the
authorization, issuance and sale of the Securities has been duly and validly taken by the Company. 



                        ii.              The
Company has a duly authorized, issued and outstanding capitalization as set forth herein and in the Standby Equity Distribution
Agreement. Other than as disclosed, the Company is not a party to or bound by any instrument, agreement or other arrangement
providing for it to issue any capital stock, rights, warrants, options or other securities, except for this Agreement, the
agreements described herein and as described in the Standby Equity Distribution Agreement and the agreements described therein.
All issued and outstanding securities of the Company, have been duly authorized and validly issued and are fully paid and
non-assessable; the holders thereof have no rights of rescission or preemptive rights with respect thereto and are not subject to
personal liability solely by reason of being security holders; and none of such securities were issued in violation of the
preemptive rights of any holders of any security of the Company. 



                        iii.              The
Common Stock to be issued in accordance with this Agreement and the Standby Equity Distribution Agreement have been duly
authorized and, when issued and paid for in accordance with this Agreement, the Standby Equity Distribution Agreement and the
certificates/instruments representing such Common Stock will be validly issued, fully-paid and non-assessable; the holders thereof
will not be subject to personal liability solely by reason of being such holders; such Securities are not and will not be subject
to the preemptive rights of any holder of any security of the Company. 



                       iv.              The
Company has good and marketable title to, or valid and enforceable leasehold estates in, all items of real and personal property
necessary to conduct its business (including, without limitation, any real or personal property stated in the Offering Materials
to be owned or leased by the Company), free and clear of all liens, encumbrances, claims, security interests and defects of any
material nature whatsoever, other than those set forth in the Offering Materials and liens for taxes not yet due and payable.




                       v.              There
is no litigation or governmental proceeding pending or, to the best of the Company’s knowledge, threatened against, or
involving the properties or business of the Company, except as set forth in the Offering Materials. 



                        vi.              The
Company is duly organized and validly exists as a corporation in good standing under the laws of the State of Nevada. Except as
set forth in the Offering Materials, the Company does not own or control, directly or indirectly, an interest in any other
corporation, partnership, trust, joint venture or other business entity. The Company is duly qualified or licensed and in good
standing as a foreign corporation in each jurisdiction in which 
















the character of its operations requires such qualification or licensing and
where failure to so qualify would have a material adverse effect on the Company. The Company has all requisite corporate power and
authority, and all material and necessary authorizations, approvals, orders, licenses, certificates and permits of and from all
governmental regulatory officials and bodies (domestic and foreign) to conduct its businesses (and proposed business) as described
in the Offering Materials. Any disclosures in the Offering Materials concerning the effects of foreign, federal, state and local
regulation on the Company’s businesses as currently conducted and as contemplated are correct in all material respects and do
not omit to state a material fact. The Company has all corporate power and authority to enter into this Agreement, the Standby
Equity Distribution Agreement, the Registration Rights Agreement, and to carry out the provisions and conditions hereof and
thereof, and all consents, authorizations, approvals and orders required in connection herewith and therewith have been obtained.
No consent, authorization or order of, and no filing with, any court, government agency or other body is required by the Company
for the issuance of the Securities or execution and delivery of the Offering Materials except for applicable federal and state
securities laws. The Company, since its inception, has not incurred any liability arising under or as a result of the application
of any of the provisions of the 1933 Act, the 1934 Act or the Rules and Regulations. 



                        vii.    There
has been no material adverse change in the condition or prospects of the Company, financial or otherwise, from the latest dates as
of which such condition or prospects, respectively, are set forth in the Offering Materials, and the outstanding debt, the
property and the business of the Company conform in all material respects to the descriptions thereof contained in the Offering
Materials. 



                       viii.     Except
as set forth in the Offering Materials, the Company is not in breach of, or in default under, any term or provision of any
material indenture, mortgage, deed of trust, lease, note, loan or any other material agreement or instrument evidencing an
obligation for borrowed money, or any other material agreement or instrument to which it is a party or by which it or any of its
properties may be bound or affected. The Company is not in violation of any provision of its charter or by-laws or in violation of
any franchise, license, permit, judgment, decree or order, or in violation of any material statute, rule or regulation. Neither
the execution and delivery of the Offering Materials nor the issuance and sale or delivery of the Securities, nor the consummation
of any of the transactions contemplated in the Offering Materials nor the compliance by the Company with the terms and provisions
hereof or thereof, has conflicted with or will conflict with, or has resulted in or will result in a breach of, any of the terms
and provisions of, or has constituted or will constitute a default under, or has resulted in or will result in the creation or
imposition of any lien, charge or encumbrance upon any property or assets of the Company or pursuant to the terms of any
indenture, mortgage, deed of trust, note, loan or any other agreement or instrument evidencing an obligation for borrowed money,
or any other agreement or instrument to which the Company may be bound or to which any of the property or assets of the Company is
subject except (a) where such default, lien, charge or encumbrance would not have a material adverse effect on the Company and (b)
as described in the Offering Materials; nor will such action result in any violation of the provisions of the charter or the
by-laws of the Company or, assuming the due performance by the Placement Agent of its obligations hereunder, any material statute
or any material order, rule or regulation applicable to the Company of any court or of any foreign, federal, state or other
regulatory authority or other government body having jurisdiction over the Company. 
















                        ix.    Subsequent
to the dates as of which information is given in the Offering Materials, and except as may otherwise be indicated or contemplated
herein or therein the Company has not (a) issued any securities or incurred any liability or obligation, direct or contingent, for
borrowed money, or (b) entered into any transaction other than in the ordinary course of business, or (c) declared or paid any
dividend or made any other distribution on or in respect of its capital stock. Except as described in the Offering Materials, the
Company has no outstanding obligations to any officer or director of the Company other than normal payable in connection with
services provided recently. 



                        x.              There
are no claims for services in the nature of a finder’s or origination fee with respect to the sale of the Common Stock or any
other arrangements, agreements or understandings that may affect the Placement Agent’s compensation, as determined by the
National Association of Securities Dealers, Inc. 



                        xi.              The
Company owns or possesses, free and clear of all liens or encumbrances and rights thereto or therein by third parties, the
requisite licenses or other rights to use all trademarks, service marks, copyrights, service names, trade names, patents, patent
applications and licenses necessary to conduct its business (including, without limitation, any such licenses or rights described
in the Offering Materials as being owned or possessed by the Company) and, except as set forth in the Offering Materials, there is
no claim or action by any person pertaining to, or proceeding, pending or threatened, which challenges the exclusive rights of the
Company with respect to any trademarks, service marks, copyrights, service names, trade names, patents, patent applications and
licenses used in the conduct of the Company’s businesses (including, without limitation, any such licenses or rights
described in the Offering Materials as being owned or possessed by the Company) except any claim or action that would not have a
material adverse effect on the Company; the Company’s current products, services or processes do not infringe or will not
infringe on the patents currently held by any third party. 



                        xii.              Subject
to the performance by the Placement Agent of its obligations hereunder the offer and sale of the Securities complies, and will
continue to comply, in all material respects with the requirements of Rule 506 of Regulation D promulgated by the SEC pursuant to
the 1933 Act and any other applicable federal and state laws, rules, regulations and executive orders. Neither the Offering
Materials nor any amendment or supplement thereto nor any documents prepared by the Company in connection with the Offering will
contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to
make the statements therein, in light of the circumstances under which they were made, not misleading. All statements of material
facts in the Offering Materials are true and correct as of the date of the Offering Materials. 



                       xiii.               All
material taxes which are due and payable from the Company have been paid in full or adequate provision has been made for such
taxes on the books of the Company, except for those taxes disputed in good faith by the Company 



                        xiv.              None
of the Company nor any of its officers, directors, employees or agents, nor any other person acting on behalf of the Company, has,
directly or indirectly, given or agreed to give any money, gift or similar benefit (other than legal price concessions to
customers in the ordinary course of business) to any customer, supplier, employee or agent of a customer or supplier, or official
or employee of any governmental agency or instrumentality of any government (domestic or foreign) or any political party or
candidate for 

















office (domestic or foreign) or other person who is or may be in a position
to help or hinder the business of the Company (or assist it in connection with any actual or proposed transaction) which (A) might
subject the Company to any damage or penalty in any civil, criminal or governmental litigation or proceeding, or (B) if not given
in the past, might have had a materially adverse effect on the assets, business or operations of the Company as reflected in any
of the financial statements contained in the Offering Materials, or (C) if not continued in the future, might adversely affect the
assets, business, operations or prospects of the Company in the future. 



        F.    Certain
Covenants and Agreements of the Company.  



        The Company covenants and
agrees at its expense and without any expense to the Placement Agent as follows: 



               1.              To
advise the Placement Agent of any material adverse change in the Company’s financial condition, prospects or business or of
any development materially affecting the Company or rendering untrue or misleading any material statement in the Offering
Materials occurring at any time as soon as the Company is either informed or becomes aware thereof. 



               2.              To
use its commercially reasonable efforts to cause the Common Stock issuable in connection with the Standby Equity Distribution
Agreement to be qualified or registered for sale on terms consistent with those stated in the Registration Rights Agreement and
under the securities laws of such jurisdictions as the Placement Agent shall reasonably request. Qualification, registration and
exemption charges and fees shall be at the sole cost and expense of the Company. 



               3.              Upon
written request, to provide and continue to provide the Placement Agent copies of all quarterly financial statements and audited
annual financial statements prepared by or on behalf of the Company, other reports prepared by or on behalf of the Company for
public disclosure and all documents delivered to the Company’s stockholders. 



               4.              To
comply with the terms of the Offering Materials. 



               5.              To
ensure that any transactions between or among the Company, or any of its officers, directors and affiliates be on terms and
conditions that are no less favorable to the Company, than the terms and conditions that would be available in an “arm’s
length” transaction with an independent third party. 



               6.              Upon
the effectiveness of a registration statement covering the Securities, the Company shall promptly provide the Placement Agent
shall an opinion of Counsel to the Company, which opinion shall be in form and substance reasonably satisfactory to and the
Placement Agent. 



               7.              At
or prior to the Closing, the Company shall have been furnished such documents, certificates and opinions as it may reasonably
require for the purpose of enabling the Placement Agent to review or pass upon the matters referred to in this Agreement and the
Offering Materials, or in order to evidence the accuracy, completeness or satisfaction of any of the representations, warranties
or conditions herein contained. 
















        G.    Indemnification
and Limitation of Liability.  



               1.              The
Company hereby agrees that it will indemnify and hold the Placement Agent and each officer, director, shareholder, employee or
representative of the Placement Agent and each person controlling, controlled by or under common control with the Placement Agent
within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act or the SEC’s Rules and Regulations promulgated
thereunder (the “Rules and Regulations”), harmless from and against any and all loss, claim, damage, liability,
cost or expense whatsoever (including, but not limited to, any and all reasonable legal fees and other expenses and disbursements
incurred in connection with investigating, preparing to defend or defending any action, suit or proceeding, including any inquiry
or investigation, commenced or threatened, or any claim whatsoever or in appearing or preparing for appearance as a witness in any
action, suit or proceeding, including any inquiry, investigation or pretrial proceeding such as a deposition) to which the
Placement Agent or such indemnified person of the Placement Agent may become subject under the 1933 Act, the 1934 Act, the Rules
and Regulations, or any other federal or state law or regulation, common law or otherwise, arising out of or based upon (i) any
untrue statement or alleged untrue statement of a material fact contained in (a) Section 4 of this Agreement, (b) the Offering
Materials (except those written statements relating to the Placement Agent given by the Placement Agent for inclusion therein),
(c) any application or other document or written communication executed by the Company or based upon written information furnished
by the Company filed in any jurisdiction in order to qualify the Common Stock under the securities laws thereof, or any state
securities commission or agency; (ii) the omission or alleged omission from documents described in clauses (a), (b) or (c) above
of a material fact required to be stated therein or necessary to make the statements therein not misleading; or (iii) the breach
of any representation, warranty, covenant or agreement made by the Company in this Agreement. The Company further agrees that upon
demand by an indemnified person, at any time or from time to time, it will promptly reimburse such indemnified person for any
loss, claim, damage, liability, cost or expense actually and reasonably paid by the indemnified person as to which the Company has
indemnified such person pursuant hereto. Notwithstanding the foregoing provisions of this Paragraph 7(A), any such payment or
reimbursement by the Company of fees, expenses or disbursements incurred by an indemnified person in any proceeding in which a
final judgment by a court of competent jurisdiction (after all appeals or the expiration of time to appeal) is entered against the
Placement Agent or such indemnified person based upon specific finding of fact that the Placement Agent or such indemnified
person’s gross negligence or willful misfeasance will be promptly repaid to the Company. 



               2.              The
Placement Agent hereby agrees that it will indemnify and hold the Company and each officer, director, shareholder, employee or
representative of the Company, and each person controlling, controlled by or under common control with the Company within the
meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act or the Rules and Regulations, harmless from and against any
and all loss, claim, damage, liability, cost or expense whatsoever (including, but not limited to, any and all reasonable legal
fees and other expenses and disbursements incurred in connection with investigating, preparing to defend or defending any action,
suit or proceeding, including any inquiry or investigation, commenced or threatened, or any claim whatsoever or in appearing or
preparing for appearance as a witness in any action, suit or proceeding, including any inquiry, investigation or pretrial
proceeding such as a deposition) to which the Company or such indemnified person of the Company may become subject under the 1933
Act, the 1934 Act, the Rules and Regulations, or any other federal or state law or regulation, 
















common law or otherwise, arising out of or based upon (i) the material breach
of any representation, warranty, covenant or agreement made by the Placement Agent in this Agreement, or (ii) any false or
misleading information provided to the Company in writing by one of the Placement Agent’s indemnified persons specifically
for inclusion in the Offering Materials. 



               3.              Promptly
after receipt by an indemnified party of notice of commencement of any action covered by Section 7(A) or (B), the party to be
indemnified shall, within five (5) business days, notify the indemnifying party of the commencement thereof; the omission by
one (1) indemnified party to so notify the indemnifying party shall not relieve the indemnifying party of its obligation to
indemnify any other indemnified party that has given such notice and shall not relieve the indemnifying party of any liability
outside of this indemnification if not materially prejudiced thereby. In the event that any action is brought against the
indemnified party, the indemnifying party will be entitled to participate therein and, to the extent it may desire, to assume and
control the defense thereof with counsel chosen by it which is reasonably acceptable to the indemnified party. After notice from
the indemnifying party to such indemnified party of its election to so assume the defense thereof, the indemnifying party will not
be liable to such indemnified party under such Section 7(A) or (B), for any legal or other expenses subsequently incurred by such
indemnified party in connection with the defense thereof, but the indemnified party may, at its own expense, participate in such
defense by counsel chosen by it, without, however, impairing the indemnifying party’s control of the defense. Subject to the
proviso of this sentence and notwithstanding any other statement to the contrary contained herein, the indemnified party or
parties shall have the right to choose its or their own counsel and control the defense of any action, all at the expense of the
indemnifying party if (i) the employment of such counsel shall have been authorized in writing by the indemnifying party in
connection with the defense of such action at the expense of the indemnifying party, or (ii) the indemnifying party shall not have
employed counsel reasonably satisfactory to such indemnified party to have charge of the defense of such action within a
reasonable time after notice of commencement of the action, or (iii) such indemnified party or parties shall have reasonably
concluded that there may be defenses available to it or them which are different from or additional to those available to one or
all of the indemnifying parties (in which case the indemnifying parties shall not have the right to direct the defense of such
action on behalf of the indemnified party or parties), in any of which events such fees and expenses of one additional counsel
shall be borne by the indemnifying party; provided, however, that the indemnifying party shall not, in connection with any one
action or separate but substantially similar or related actions in the same jurisdiction arising out of the same general
allegations or circumstance, be liable for the reasonable fees and expenses of more than one separate firm of attorneys at any
time for all such indemnified parties. No settlement of any action or proceeding against an indemnified party shall be made
without the consent of the indemnifying party. 



               4.              In
order to provide for just and equitable contribution in circumstances in which the indemnification provided for in Section 7(A) or
7(B) is due in accordance with its terms but is for any reason held by a court to be unavailable on grounds of policy or
otherwise, the Company and the Placement Agent shall contribute to the aggregate losses, claims, damages and liabilities
(including legal or other expenses reasonably incurred in connection with the investigation or defense of same) which the other
may incur in such proportion so that the Placement Agent shall be responsible for such percent of the aggregate of such losses,
claims, damages and liabilities as shall equal the percentage of the gross proceeds paid to the Placement Agent and the Company
shall be responsible for the balance; provided, however, that no person 















guilty of fraudulent misrepresentation within the meaning of Section 11(f) of
the 1933 Act shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. For
purposes of this Section 7(D), any person controlling, controlled by or under common control with the Placement Agent, or any
partner, director, officer, employee, representative or any agent of any thereof, shall have the same rights to contribution as
the Placement Agent and each person controlling, controlled by or under common control with the Company within the meaning of
Section 15 of the 1933 Act or Section 20 of the 1934 Act and each officer of the Company and each director of the Company shall
have the same rights to contribution as the Company. Any party entitled to contribution will, promptly after receipt of notice of
commencement of any action, suit or proceeding against such party in respect of which a claim for contribution may be made against
the other party under this Section 7(D), notify such party from whom contribution may be sought, but the omission to so notify
such party shall not relieve the party from whom contribution may be sought from any obligation they may have hereunder or
otherwise if the party from whom contribution may be sought is not materially prejudiced thereby. 



               5.    The
indemnity and contribution agreements contained in this Section 7 shall remain operative and in full force and effect regardless
of any investigation made by or on behalf of any indemnified person or any termination of this Agreement. 



               6.    The
Company hereby waives, to the fullest extent permitted by law, any right to or claim of any punitive, exemplary, incidental,
indirect, special, consequential or other damages (including, without limitation, loss of profits) against the Placement Agent and
each officer, director, shareholder, employee or representative of the placement agent and each person controlling, controlled by
or under common control with the Placement Agent within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act or
the Rules and Regulations arising out of any cause whatsoever (whether such cause be based in contract, negligence, strict
liability, other tort or otherwise). Notwithstanding anything to the contrary contained herein, the aggregate liability of the
Placement Agent and each officer, director, shareholder, employee or representative of the Placement Agent and each person
controlling, controlled by or under common control with the Placement Agent within the meaning of Section 15 of the 1933 Act or
Section 20 of the 1934 Act or the Rules and Regulations shall not exceed the compensation received by the Placement Agent pursuant
to Section 2 hereof. This limitation of liability shall apply regardless of the cause of action, whether contract, tort
(including, without limitation, negligence) or breach of statute or any other legal or equitable obligation. 



        H.    Payment of Expenses.  



        The Company hereby agrees to
bear all of the expenses in connection with the Offering, including, but not limited to the following: filing fees, printing and
duplicating costs, advertisements, postage and mailing expenses with respect to the transmission of Offering Materials, registrar
and transfer agent fees, escrow agent fees and expenses, fees of the Company’s counsel and accountants, issue and transfer
taxes, if any. 



        I.    Termination.  



        This Agreement shall be
co-terminus with, and terminate upon the same terms and conditions as those set forth in the Standby Equity Distribution
Agreement. 















        J.    Miscellaneous.  



                         1.              This
Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all which shall be
deemed to be one and the same instrument. 



                        2.              Any
notice required or permitted to be given hereunder shall be given in writing and shall be deemed effective when deposited in the
United States mail, postage prepaid, or when received if personally delivered or faxed (upon confirmation of receipt received by
the sending party), addressed as follows to such other address of which written notice is given to the others): 



	If to Placement Agent, to:  	  	Monitor Capital Inc.

9171 Towne Centre Drive, Suite 465

San Diego, CA 92122

Attention:  Hsiao-Wen Kao

Telephone:  (858) 546-8007

Facsimile:  (858) 546-8756 






	If to the Company, to: 	  	Viper Powersports Inc.

1500 Rand Tower

Minneapolis, MN 55402

Attention:  John Lai, President

Telephone:  (612) 333-1313

Facsimile:  (763) 732-0781





	With a copy to: 	  	Robert O. Knutson, Esq.

9372 Creekwood Drive

Eden Prairie, MN 55347

Telephone:  (952) 941-0908

Facsimile:  (952) 941-2744








                        3.              This
Agreement shall be governed by and construed in all respects under the laws of the State of New Jersey, without reference to its
conflict of laws rules or principles. Any suit, action, proceeding or litigation arising out of or relating to this Agreement
shall be brought and prosecuted in such federal or state court or courts located within the State of Florida as provided by law.
The parties hereby irrevocably and unconditionally consent to the jurisdiction of each such court or courts located within the
State of Florida and to service of process by registered or certified mail, return receipt requested, or by any other manner
provided by applicable law, and hereby irrevocably and unconditionally waive any right to claim that any suit, action, proceeding
or litigation so commenced has been commenced in an inconvenient forum. 



                        4.              This
Agreement and the other agreements referenced herein contain the entire understanding between the parties hereto and may not be
modified or amended except by a writing duly signed by the party against whom enforcement of the modification or amendment is
sought. 
















                        5.              If
any provision of this Agreement shall be held to be invalid or unenforceable, such invalidity or unenforceability shall not affect
any other provision of this Agreement. 



[REMAINDER OF PAGE INTENTIALLY LEFT BLANK] 





































        IN WITNESS WHEREOF,
the parties hereto have executed this Placement Agent Agreement as of the date first written above. 



	 	VIPER POWERSPORTS INC.  
	 
	    	By:    	/s/   John Lai 

	 	Name:    	John Lai 
	 	Title:      	President 
	 
	 
	 	MONITOR CAPITAL INC. 
	 
	    	By:    	/s/   Hsiao-Wen Kao 

	 	Name:    	Hsiao-Wen Kao 
	 	Title:      	President
	 
	 
	 	CORNELL CAPITAL PARTNERS, LP 
	 
	    	By:     	Yorkville Advisors, LLC  
	    	Its:     	General Partner  
	 
	    	By:    	/s/   Mark A. Angelo 

	 	Name:    	Mark A. Angelo 
	 	Title:      	Portfolio Manager