Document:

EXHIBIT  10.11

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 ACT OF 1933, AS AMENDED (THE "SECURITIESACT"),
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AND,  ACCORDINGLY,  MAY  NOT  BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION  STATEMENT  UNDER  THE  SECURITIES  ACT OR PURSUANT TO AN AVAILABLE
EXEMPTION  FROM,  OR  IN  A  TRANSACTION  NOT  SUBJECT  TO,  THE  REGISTRATION
REQUIREMENTS  OF  THE  SECURITIES  ACT  AND  IN ACCORDANCE WITH APPLICABLE STATE
SECURITIES  LAWS  AS  EVIDENCED  BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR
REASONABLY  ACCEPTABLE  TO  THE  COMPANY  TO SUCH EFFECT, THE SUBSTANCE OF WHICH
SHALL  BE  REASONABLY ACCEPTABLE TO THE COMPANY. THIS SECURITY MAY BE PLEDGED IN
CONNECTION  WITH  A  BONA FIDE MARGIN ACCOUNT WITH A REGISTERED BROKER-DEALER OR
OTHER  LOAN  WITH  A  FINANCIAL  INSTITUTION THAT IS AN "ACCREDITED INVESTOR" AS
DEFINED  IN  RULE  501(a)  UNDER  THE  SECURITIES  ACT.

                          COMMON STOCK PURCHASE WARRANT
               To Purchase up to 125,000 Shares of Common Stock of
                           CHALLENGER POWERBOATS, INC.

     THIS COMMON STOCK PURCHASE WARRANT (the "Warrant")CERTIFIES that, for value
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received, MARK OVERBYE (the "Holder"),is entitled, upon the terms and subject to
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the  limitations  on  exercise  and  the  conditions  hereinafter set forth, and
subject to the limitations and provisions as set forth in the Leak-Out Agreement
dated  on or about January 28, 2007 between Challenger Powerboats, Inc. a Nevada
corporation (the "Company")and Mark Overbye, at any time on or after January 28,
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2009 (the "InitialExercise Date")and on or prior to the THIRD anniversary of the
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Initial  Exercise  Date (the "Termination Date")but not thereafter, to subscribe
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for  and purchase from the Company, up to 125,000 of the outstanding shares (the
"Warrant  Shares")of  Common  Stock,  par value $0.001 per share, of the Company
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(the  "CommonStock")as  of  the Initial Exercise Date. The purchase price of one
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share  of  Common Stock (the "ExercisePrice")under this Warrant shall be FIFTEEN
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CENTS  ($.15)  PER SHARE,Subject to adjustment hereunder. The Exercise Price and
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the  number  of  Warrant  Shares  for  which the Warrant is exercisable shall be
subject  to  adjustment  as  provided  herein.
     1.     Title  to  Warrant.Prior  to  the  Termination  Date  and subject to
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compliance  with applicable laws and Section 7 of this Warrant, this Warrant and
all  rights  hereunder  are  transferable, in whole or in part, at the office or
agency  of  the  Company by the Holder in person or by duly authorized attorney,
upon  surrender of this Warrant together with the Assignment Form annexed hereto
properly  endorsed.  The  transferee shall sign an investment letter in form and
substance  reasonably  satisfactory  to  the  Company.

2.     Authorization  of  Shares.The  Company  covenants that all Warrant Shares
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which may be issued upon the exercise of the purchase rights represented by this
Warrant  will, upon exercise of the purchase rights represented by this Warrant,
be  duly  authorized, validly issued, fully paid and nonassessable and free from
all  taxes,  liens and charges in respect of the issue thereof (other than taxes
in  respect  of  any  transfer  occurring  contemporaneously  with  such issue).
3.  Exercise  of  Warrant.

(a)  Exercise  of the purchase rights represented by this Warrant may be made at
any  time  or  times  on or after the Initial Exercise Date and on or before the
Termination Date by delivery to the Company of a duly executed facsimile copy of
the  Notice  of  Exercise Form annexed hereto (or such other office or agency of
the  Company  as  it  may  designate  by  notice  in  writing  to the registered

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Holder  at  the  address  of such Holder appearing on the books of the Company);
provided,  however, within 5 Trading Days of the date said Notice of Exercise is
delivered  to the Company, the Holder shall have surrendered this Warrant to the
Company  and  the  Company shall have received payment of the aggregate Exercise
Price  of the shares thereby purchased by wire transfer or cashier's check drawn
on  a  United  States bank. Certificates for shares purchased hereunder shall be
delivered  to  the Holder within 3 Trading Days from the delivery to the Company
of  the  Notice  of  Exercise Form, surrender of this Warrant and payment of the
aggregate  Exercise  Price  as  set forth above ("Warrant Share Delivery Date").
This  Warrant  shall  be  deemed to have been exercised on the date the Exercise
Price  is  received  by  the Company. The Warrant Shares shall be deemed to have
been  issued,  and  Holder or any other person so designated to be named therein
shall  be  deemed  to  have  become  a  Holder  of record of such shares for all
purposes,  as  of  the  date  the  Warrant  has been exercised by payment to the
Company  of  the Exercise Price and all taxes required to be paid by the Holder,
if  any,  pursuant  to Section 5 prior to the issuance of such shares, have been
paid.  If  the  Company  fails  to  deliver  to  the  Holder  a  certificate  or
certificates  representing  the  Warrant Shares pursuant to this Section 3(a) by
the  Warrant Share Delivery Date, then the Holder will have the right to rescind
such  exercise.  In addition to any other rights available to the Holder, if the
Company  fails  to  deliver  to  the  Holder  a  certificate  or  certificates
representing  the  Warrant  Shares  pursuant to an exercise by the Warrant Share
Delivery  Date,  and  if  after such day the Holder is required by its broker to
purchase  (in an open market transaction or otherwise) shares of Common Stock to
deliver  in satisfaction of a sale by the Holder of the Warrant Shares which the
Holder  anticipated  receiving upon such exercise (a "Buy-In"), then the Company
shall  (1)  pay  in cash to the Holder the amount by which (x) the Holder' total
purchase  price  (including  brokerage  commissions,  if  any) for the shares of
Common Stock so purchased exceeds (y) the amount obtained by multiplying (A) the
number  of Warrant Shares that the Company was required to deliver to the Holder
in  connection  with the exercise at issue times (B) the price at which the sell
order  giving  rise  to  such  purchase  obligation was executed, and (2) at the
option of the Holder, either reinstate the portion of the Warrant and equivalent
number  of  Warrant Shares for which such exercise was not honored or deliver to
the  Holder the number of shares of Common Stock that would have been issued had
the  Company  timely  complied  with  its  exercise  and  delivery  obligations
hereunder.  For  example,  if  the  Holder  purchase Common Stock having a total
purchase  price  of  $11,000  to  cover  a  Buy-In  with respect to an attempted
exercise  of  shares of Common Stock with an aggregate sale price giving rise to
such  purchase  obligation  of  $10,000,  under  clause  (1)  of the immediately
preceding  sentence  the Company shall be required to pay the Holder $1,000. The
Holder  shall  provide the Company written notice indicating the amounts payable
to  the  Holder in respect of the Buy-In, together with applicable confirmations
and  other  evidence  reasonably  requested by the Company. Nothing herein shall
limit  the Holder' right to pursue any other remedies available to it hereunder,
at  law  or  in  equity  including,  without  limitation,  a  decree of specific
performance  and/or  injunctive  relief with respect to the Company's failure to
timely deliver certificates representing shares of Common Stock upon exercise of
the  Warrant  as  required  pursuant  to  the  terms  hereof.

(b) If this Warrant shall have been exercised in part, the Company shall, at the
time of delivery of the certificate or certificates representing Warrant Shares,
deliver  to Holder a new Warrant evidencing the rights of Holder to purchase the
unpurchased  Warrant  Shares called for by this Warrant, which new Warrant shall
in  all  other  respects  be  identical  with  this  Warrant.

4.     No  Fractional Shares or Scrip.No fractional shares or scrip representing
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fractional  shares  shall be issued upon the exercise of this Warrant. As to any
fraction  of  a  share which Holder would otherwise be entitled to purchase upon
such  exercise, the Company shall pay a cash adjustment in respect of such final
fraction  in  an amount equal to such fraction multiplied by the Exercise Price.
     5.     Charges,  Taxes  and  Expenses.Issuance  of certificates for Warrant
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Shares  shall be made without charge to the Holder for any issue or transfer tax
or  other  incidental  expense  in  respect  of  the

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issuance  of  such certificate, all of which taxes and expenses shall be paid by
the  Company, and such certificates shall be issued in the name of the Holder or
in  such  name or names as may be directed by the Holder; provided, however,that
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in  the  event  certificates for Warrant Shares are to be issued in a name other
than the name of the Holder, this Warrant when surrendered for exercise shall be
accompanied  by the Assignment Form attached hereto duly executed by the Holder;
and  the  Company  may  require,  as  a  condition thereto, the payment of a sum
sufficient  to  reimburse  it  for  any  transfer  tax  incidental  thereto.

6.     Closing  of  Books.The  Company  will  not close its stockholder books or
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records  in  any  manner  which  prevents  the  timely exercise of this Warrant,
pursuant  to  the  terms  hereof.

7.     Transfer,  Division  and  Combination.
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     (a)     Subject  to  compliance with any applicable securities laws and the
conditions  set  forth  in  Sections  1 and 7(e) hereof and to the provisions of
Section 4.1 of the Purchase Agreement, this Warrant and all rights hereunder are
transferable,  in  whole  or  in  part,  upon  surrender  of this Warrant at the
principal  office  of  the  Company,  together with a written assignment of this
Warrant substantially in the form attached hereto duly executed by the Holder or
their  agent  or attorney and funds sufficient to pay any transfer taxes payable
upon  the  making  of  such transfer. Upon such surrender and, if required, such
payment,  the Company shall execute and deliver a new Warrant or Warrants in the
name  of  the  assignee  or  assignees  and in the denomination or denominations
specified  in  such  instrument of assignment, and shall issue to the assignor a
new  Warrant  evidencing  the  portion of this Warrant not so assigned, and this
Warrant  shall  promptly  be  cancelled. A Warrant, if properly assigned, may be
exercised  by  a  new holder for the purchase of Warrant Shares without having a
new  Warrant  issued.

(b)     This  Warrant  may  be  divided  or  combined  with  other Warrants upon
presentation  hereof  at  the  aforesaid  office of the Company, together with a
written  notice specifying the names and denominations in which new Warrants are
to  be  issued,  signed  by  the  Holder  or their agent or attorney. Subject to
compliance  with  Section 7(a), as to any transfer which may be involved in such
division  or combination, the Company shall execute and deliver a new Warrant or
Warrants  in  exchange  for the Warrant or Warrants to be divided or combined in
accordance  with  such  notice.

(c)     The  Company  shall prepare, issue and deliver at its own expense (other
than  transfer  taxes)  the  new  Warrant  or  Warrants  under  this  Section 7.
(d)     The  Company  agrees to maintain, at its aforesaid office, books for the
registration  and  the  registration  of  transfer  of  the  Warrants.

(e)  If,  at  the  time  of the surrender of this Warrant in connection with any
transfer  of  this Warrant, the transfer of this Warrant shall not be registered
pursuant  to  an  effective  registration statement under the Securities Act and
under  applicable state securities or blue sky laws, the Company may require, as
a  condition of allowing such transfer (i) that the Holder or transferee of this
Warrant, as the case may be, furnish to the Company a written opinion of counsel
(which  opinion  shall be in form, substance and scope customary for opinions of
counsel in comparable transactions) to the effect that such transfer may be made
without  registration  under  the  Securities  Act  and  under  applicable state
securities  or  blue  sky  laws,  (ii) that the Holder or transferee execute and
deliver  to the Company an investment letter in form and substance acceptable to
the Company and (iii) that the transferee be an "accredited investor" as defined
in  Rule  501(a)(1),  (a)(2),  (a)(3),  (a)(7),  or (a)(8) promulgated under the
Securities  Act  or  a  qualified institutional buyer as defined in Rule 144A(a)
under  the  Securities  Act.
     8.  No  Rights  as Shareholder until Exercise.This Warrant does not entitle
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the  Holder to any voting rights or other rights as a shareholder of the Company
prior  to  the  exercise  hereof.  Upon  the

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surrender of this Warrant and the payment of the aggregate Exercise Price (or by
means  of  a cashless exercise), the Warrant Shares so purchased shall be and be
deemed  to be issued to such Holder as the record owner of such shares as of the
close  of  business  on  the  later  of  the  date of such surrender or payment.

9.     Loss,  Theft,  Destruction or Mutilation of Warrant.The Company covenants
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that  upon  receipt  by the Company of evidence reasonably satisfactory to it of
the  loss,  theft,  destruction  or  mutilation  of  this  Warrant  or any stock
certificate  relating  to  the  Warrant  Shares,  and  in case of loss, theft or
destruction,  of  indemnity or security reasonably satisfactory to it (which, in
the  case  of  the Warrant, shall not include the posting of any bond), and upon
surrender  and  cancellation of such Warrant or stock certificate, if mutilated,
the  Company  will  make  and deliver a new Warrant or stock certificate of like
tenor  and  dated  as  of  such  cancellation,  in lieu of such Warrant or stock
certificate.

10.     Saturdays,  Sundays,  Holidays, etc.If the last or appointed day for the
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taking  of  any action or the expiration of any right required or granted herein
shall be a Saturday, Sunday or a legal holiday, then such action may be taken or
such right may be exercised on the next succeeding day not a Saturday, Sunday or
legal  holiday.
11.  Adjustments  of  Exercise  Price  and  Number  of  Warrant  Shares.
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(A)     Stock Splits, etc.The number and kind of securities purchasable upon the
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exercise  of  this Warrant and the Exercise Price shall be subject to adjustment
from  time  to  time  upon  the  happening  of any of the following. In case the
Company  shall  (i)  pay  a  dividend  in  shares  of  Common  Stock  or  make a
distribution  in  shares  of  Common  Stock  to Holder of its outstanding Common
Stock,  (ii)  subdivide  its  outstanding  shares of Common Stock into a greater
number  of  shares,  (iii) combine its outstanding shares of Common Stock into a
smaller  number  of  shares  of  Common  Stock,  or (iv) issue any shares of its
capital  stock  in  a  reclassification  of the Common Stock, then the number of
Warrant  Shares  purchasable  upon  exercise  of  this Warrant immediately prior
thereto  shall  be  adjusted so that the Holder shall be entitled to receive the
kind  and  number  of Warrant Shares or other securities of the Company which it
would  have  owned  or  have  been  entitled  to  receive  had such Warrant been
exercised  in  advance thereof. Upon each such adjustment of the kind and number
of  Warrant  Shares  or  other  securities  of the Company which are purchasable
hereunder,  the  Holder  shall  thereafter be entitled to purchase the number of
Warrant Shares or other securities resulting from such adjustment at an Exercise
Price  per  Warrant Share or other security obtained by multiplying the Exercise
Price  in  effect  immediately prior to such adjustment by the number of Warrant
Shares  purchasable  pursuant  hereto  immediately  prior to such adjustment and
dividing by the number of Warrant Shares or other securities of the Company that
are purchasable pursuant hereto immediately after such adjustment. An adjustment
made  pursuant  to  this  paragraph shall become effective immediately after the
effective  date  of  such  event
(B)     Change  in  Option  Price or Conversion Rate.If there is a change at any
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time  in  (i) the amount of additional consideration payable to the Company upon
the  exercise  of  any  Options; (ii) the amount of additional consideration, if
any,  payable  to  the  Company upon the exercise, conversion or exchange of any
Common  Stock  Equivalents;  or  (iii)  the  rate  at  which  any  Common  Stock
Equivalents  are convertible into or exchangeable for Common Stock (in each such
case,  other  than  under or by reason of provisions designed to protect against
dilution),  the  Exercise  Price  in  effect  at the time of such change will be
readjusted  to  the  Exercise Price which would have been in effect at such time
had such Options or Common Stock Equivalents still outstanding provided for such
changed additional consideration or changed conversion rate, as the case may be,
at  the  time  initially  granted,  issued  or  sold.

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(C)     Calculation  of  Consideration  Received.If any Common Stock, Options or
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Common Stock Equivalents are issued, granted or sold for cash, the consideration
received  therefor  for  purposes of this Warrant will be the amount received by
the  Company  therefor, before deduction of reasonable commissions, underwriting
discounts  or  allowances  or  other reasonable expenses paid or incurred by the
Company  in  connection  with  such  issuance, grant or sale. In case any Common
Stock,  Options  or  Common  Stock  Equivalents  are  issued  or  sold  for  a
consideration  part  or all of which shall be other than cash, the amount of the
consideration  other  than  cash received by the Company will be the fair market
value  of  such  consideration,  except  where  such  consideration  consists of
securities,  in  which  case the amount of consideration received by the Company
will  be  the  fair  market  value  (closing bid price, if traded on any market)
thereof  as  of the date of receipt. In case any Common Stock, Options or Common
Stock  Equivalents  are issued in connection with any merger or consolidation in
which  the  Company  is  the  surviving corporation, the amount of consideration
therefor  will  be deemed to be the fair market value of such portion of the net
assets  and business of the non-surviving corporation as is attributable to such
Common  Stock, Options or Common Stock Equivalents, as the case may be. The fair
market  value  of  any  consideration  other  than  cash  or  securities will be
determined  in good faith by an investment banker or other appropriate expert of
national  reputation  selected  by  the Company and reasonably acceptable to the
Holder  hereof,  with  the  costs  of such appraisal to be borne by the Company.

(D)     Exceptions  to  Adjustment  of  Exercise  Price.Notwithstanding  the
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foregoing,  no adjustment will be made under this Section 11(b) in respect of an
Exempt  Issuance.

(iii)  Minimum  Adjustment of Exercise Price.No adjustment of the Exercise Price
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shall  be  made  in an amount of less than 1% of the Exercise Price in effect at
the  time  such adjustment is otherwise required to be made, but any such lesser
adjustment  shall  be carried forward and shall be made at the time and together
with  the  next  subsequent  adjustment  which, together with any adjustments so
carried  forward,  shall  amount  to  not  less  than 1% of such Exercise Price.

12.  Reorganization,  Reclassification,  Merger, Consolidation or Disposition of
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Assets.In  case the Company shall reorganize its capital, reclassify its capital

stock,  consolidate or merge with or into another corporation (where the Company
is  not  the surviving corporation or where there is a change in or distribution
with respect to the Common Stock of the Company), or sell, transfer or otherwise
dispose of its property, assets or business to another corporation and, pursuant
to  the terms of such reorganization, reclassification, merger, consolidation or
disposition  of  assets,  shares  of  common stock of the successor or acquiring
corporation, or any cash, shares of stock or other securities or property of any
nature  whatsoever (including warrants or other subscription or purchase rights)
in  addition  to  or  in  lieu  of  common  stock  of the successor or acquiring
corporation  ("Other  Property"),are  to  be  received  by or distributed to the
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Holder  of  Common  Stock  of  the Company, then the Holder shall have the right
thereafter  to  receive,  at the option of the Holder, (a) upon exercise of this
Warrant,  the  number  of  shares  of Common Stock of the successor or acquiring
corporation  or  of  the  Company, if it is the surviving corporation, and Other
Property  receivable  upon  or  as  a  result  of  such  reorganization,
reclassification,  merger, consolidation or disposition of assets by a Holder of
the  number  of  shares  of  Common  Stock for which this Warrant is exercisable
immediately  prior  to such event or (b) cash equal to the value of this Warrant
as  determined  in  accordance with the Black Scholes option pricing formula. In
case  of  any  such  reorganization,  reclassification, merger, consolidation or
disposition of assets, the successor or acquiring corporation (if other than the
Company)  shall expressly assume the due and punctual observance and performance
of  each  and  every  covenant and condition of this Warrant to be performed and
observed  by  the  Company  and  all  the obligations and liabilities hereunder,
subject  to  such  modifications  as may be deemed appropriate (as determined in
good  faith  by resolution of the Board of Directors of the Company) in order to
provide  for  adjustments  of  Warrant  Shares  for  which  this

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Warrant is exercisable which shall be as nearly equivalent as practicable to the
adjustments  provided  for  in this Section 12. For purposes of this Section 12,
"common  stock of the successor or acquiring corporation" shall include stock of
such  corporation  of any class which is not preferred as to dividends or assets
over  any  other  class of stock of such corporation and which is not subject to
redemption and shall also include any evidences of indebtedness, shares of stock
or  other  securities  which  are  convertible into or exchangeable for any such
stock,  either  immediately  or  upon  the  arrival  of  a specified date or the
happening of a specified event and any warrants or other rights to subscribe for
or  purchase  any  such stock. The foregoing provisions of this Section 12 shall
similarly  apply  to  successive  reorganizations,  reclassifications,  mergers,
consolidations  or  disposition  of  assets.

13.     Voluntary  Adjustment  by the Company.The Company may at any time during
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the  term  of  this Warrant reduce the then current Exercise Price to any amount
and  for  any period of time deemed appropriate by the Board of Directors of the
Company.

14.     Notice  of Adjustment.Whenever the number of Warrant Shares or number or
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kind  of  securities  or  other  property  purchasable upon the exercise of this
Warrant or the Exercise Price is adjusted, as herein provided, the Company shall
give  notice  thereof  to  the  Holder,  which  notice shall state the number of
Warrant  Shares (and other securities or property) purchasable upon the exercise
of  this  Warrant  and  the  Exercise  Price  of  such Warrant Shares (and other
securities  or  property) after such adjustment, setting forth a brief statement
of  the  facts  requiring  such  adjustment and setting forth the computation by
which  such  adjustment  was  made.
15.  Notice  of  Corporate  Action.If  at  any  time:
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     (a)     the  Company  shall take a record of the Holder of its Common Stock
for  the  purpose of entitling them to receive a dividend or other distribution,
or any right to subscribe for or purchase any evidences of its indebtedness, any
shares  of stock of any class or any other securities or property, or to receive
any  other  right,  or

(b)     there  shall  be  any  capital  reorganization  of  the  Company,  any
reclassification  or recapitalization of the capital stock of the Company or any
consolidation  or  merger  of  the  Company with, or any sale, transfer or other
disposition  of all or substantially all the property, assets or business of the
Company  to,  another  corporation  or,
     (c)  there  shall be a voluntary or involuntary dissolution, liquidation or
winding  up  of the Company; then, in any one or more of such cases, the Company
shall  give  to Holder (i) at least 20 days' prior written notice of the date on
which  a  record date shall be selected for such dividend, distribution or right
or  for  determining  rights  to  vote  in  respect  of any such reorganization,
reclassification,  merger,  consolidation,  sale,  transfer,  disposition,
liquidation  or  winding  up,  and  (ii) in the case of any such reorganization,
reclassification,  merger,  consolidation,  sale,  transfer,  disposition,
dissolution,  liquidation  or winding up, at least 20 days' prior written notice
of  the  date when the same shall take place. Such notice in accordance with the
foregoing  clause also shall specify (i) the date on which any such record is to
be  taken  for  the purpose of such dividend, distribution or right, the date on
which  the  Holder  of  Common  Stock  shall  be  entitled to any such dividend,
distribution  or  right, and the amount and character thereof, and (ii) the date
on which any such reorganization, reclassification, merger, consolidation, sale,
transfer,  disposition,  dissolution, liquidation or winding up is to take place
and  the time, if any such time is to be fixed, as of which the Holder of Common
Stock shall be entitled to exchange their Warrant Shares for securities or other
property  deliverable upon such disposition, dissolution, liquidation or winding
up.  Each such written notice shall be sufficiently given if addressed to Holder
at  the  last  address  of  Holder  appearing  on  the  books of the Company and
delivered  in  accordance  with  Section  17(d).

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16.     Authorized  Shares.The  Company  covenants  that  during  the period the
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Warrant  is outstanding, it will reserve from its authorized and unissued Common
Stock  a  sufficient number of shares to provide for the issuance of the Warrant
Shares  upon the exercise of any purchase rights under this Warrant. The Company
further  covenants  that  its  issuance  of  this  Warrant shall constitute full
authority  to  its  officers  who  are  charged with the duty of executing stock
certificates  to  execute  and  issue the necessary certificates for the Warrant
Shares  upon the exercise of the purchase rights under this Warrant. The Company
will  take  all  such  reasonable action as may be necessary to assure that such
Warrant  Shares  may  be  issued  as  provided  herein  without violation of any
applicable  law  or  regulation,  or of any requirements of the Principal Market
upon  which  the  Common  Stock  may  be  listed.

Except  and  to  the extent as waived or consented to by the Holder, the Company
shall not by any action, including, without limitation, amending its certificate
of  incorporation  or  through  any  reorganization,  transfer  of  assets,
consolidation,  merger,  dissolution,  issue  or sale of securities or any other
voluntary action, avoid or seek to avoid the observance or performance of any of
the  terms  of  this  Warrant, but will at all times in good faith assist in the
carrying  out  of all such terms and in the taking of all such actions as may be
necessary  or  appropriate  to protect the rights of Holder as set forth in this
Warrant  against  impairment.  Without limiting the generality of the foregoing,
the  Company will (a) not increase the par value of any Warrant Shares above the
amount payable therefor upon such exercise immediately prior to such increase in
par  value, (b) take all such action as may be necessary or appropriate in order
that  the  Company  may  validly  and legally issue fully paid and nonassessable
Warrant  Shares  upon  the  exercise  of  this Warrant, and (c) use commercially
reasonable  efforts  to  obtain  all such authorizations, exemptions or consents
from  any public regulatory body having jurisdiction thereof as may be necessary
to  enable  the  Company  to  perform  its  obligations  under  this  Warrant.

Before  taking  any  action which would result in an adjustment in the number of
Warrant  Shares  for which this Warrant is exercisable or in the Exercise Price,
the  Company  shall  obtain  all  such  authorizations or exemptions thereof, or
consents  thereto, as may be necessary from any public regulatory body or bodies
having  jurisdiction  thereof.
17.     Miscellaneous.

(a)     Jurisdiction.All  questions  concerning  the  construction,  validity,
---     -------------
enforcement and interpretation of this Warrant shall be determined in accordance

with  the  provisions  of  the  Purchase  Agreement.

(b)     Restrictions.The  Holder  acknowledges  that the Warrant Shares acquired
---     -------------
upon  the  exercise  of  this Warrant, if not registered, will have restrictions

upon  resale  imposed  by  state  and  federal  securities  laws.

     (c)     Nonwaiver and Expenses.No course of dealing or any delay or failure
     ---     -----------------------
to  exercise any right hereunder on the part of Holder shall operate as a waiver
of  such  right  or  otherwise  prejudice  Holder'  rights,  powers or remedies,
notwithstanding  all  rights hereunder terminate on the Termination Date. If the
Company  willfully  and  knowingly  fails  to  comply with any provision of this
Warrant,  which results in any material damages to the Holder, the Company shall
pay  to  Holder  such  amounts  as  shall  be  sufficient to cover any costs and
expenses  including,  but  not limited to, reasonable attorneys' fees, including
those of appellate proceedings, incurred by Holder in collecting any amounts due
pursuant  hereto or in otherwise enforcing any of its rights, powers or remedies
hereunder.

(d)     Notices.Any  notice,  request or other document required or permitted to
---     --------
be  given  or  delivered  to  the  Holder  by  the Company shall be delivered in
accordance  with  the  notice  provisions  of  the  Purchase  Agreement.

<PAGE>
     (e)     Limitation  of Liability.No provision hereof, in the absence of any
     ---     -------------------------
affirmative  action  by  Holder  to  exercise  this  Warrant or purchase Warrant
Shares,  and  no enumeration herein of the rights or privileges of Holder, shall
give  rise to any liability of Holder for the purchase price of any Common Stock
or  as  a  stockholder of the Company, whether such liability is asserted by the
Company  or  by  creditors  of  the  Company.

(f)     Remedies.Holder,  in  addition  to being entitled to exercise all rights
---     ---------
granted  by  law,  including  recovery  of damages, will be entitled to specific
performance  of  its rights under this Warrant. The Company agrees that monetary
damages  would not be adequate compensation for any loss incurred by reason of a
breach  by  it  of the provisions of this Warrant and hereby agrees to waive the
defense  in  any  action  for specific performance that a remedy at law would be
adequate.

(g)     Successors  and  Assigns.Subject  to  applicable  securities  laws, this
---     -------------------------
Warrant  and  the  rights  and  obligations  evidenced hereby shall inure to the
benefit  of and be binding upon the successors of the Company and the successors
and  permitted assigns of Holder. The provisions of this Warrant are intended to
be  for the benefit of all Holder from time to time of this Warrant and shall be
enforceable  by  any  such  Holder  or  Holder  of  Warrant  Shares.
     (h)     Amendment.This Warrant may be modified or amended or the provisions
     ---     ----------
hereof  waived  with  the  written  consent  of  the  Company  and  the  Holder.

(i)     Severability.Wherever  possible, each provision of this Warrant shall be
---     -------------
interpreted  in  such  manner as to be effective and valid under applicable law,
but  if  any  provision  of this Warrant shall be prohibited by or invalid under
applicable  law,  such  provision  shall  be  ineffective  to the extent of such
prohibition or invalidity, without invalidating the remainder of such provisions
or  the  remaining  provisions  of  this  Warrant.

(j)     Headings.The  headings  used  in this Warrant are for the convenience of
---     ---------
reference only and shall not, for any purpose, be deemed a part of this Warrant.

<PAGE>
     IN  WITNESS  WHEREOF, the Company has caused this Warrant to be executed by
its  officer  thereunto  duly  authorized.

Dated:  January  28,  2007

CHALLENGER  POWERBOATS,  INC.

By:  /s/  Laurie  Phillips
     ---------------------
     Name:  Laurie  Phillips
     Title:  Chief  Executive  OfficerExhibit 10.1

    PROMISSORY
      NOTE

     

     

    
      	USD$20,000	
              Dated:
                November 22,
                2006

            

    

    
       

    

    1. Principal.

    

    FOR
      VALUE
      RECEIVED, the undersigned, DGT
      CORP.,
      a
      Nevada corporation ("Borrower"), hereby promises to pay to the order of Romel
      Alibudbud of Vancouver, BC, Canada ("Lender"), the principal sum of Seventeen
      Thousand Dollars (U.S.$20,000)
      (the
      "Loan") without interest and with repayment date of 12 months after received
      written demand from the Lender.. 

    

    2. Manner
      of Payment.

    

    Principal
      on the Loan, and all other amounts payable hereunder, are payable in lawful
      currency of United States in immediately available funds at such address and
      in
      such form as may be required by Lender.

    

    3. Events
      of Default/Remedies.

    

    a. Events
      of Default.
      Any of
      the following events shall constitute an Event of Default:

    

    (1) Breach
      by
      Borrower of any of Borrower's obligations or covenants under this Note;
      or

    

    (2) Borrower
      (A) becomes insolvent or admits in writing Borrower's inability to pay
      Borrower's debts as they mature, (B) makes any assignment for the benefit of
      creditors, or (C) applies for or consents to the appointment of a receiver
      or
      trustee for Borrower or for a substantial part of Borrower's property or
      business, or a receiver or trustee otherwise is appointed and is not discharged
      within thirty (30) days after such appointment; or

    

    (3) Any
      of
      Borrower's representations or warranties made herein or in any statement or
      certificate at any time given by Borrower pursuant hereto or in connection
      herewith is false or misleading in any material respect; or

    

    (4) Any
      bankruptcy, insolvency, reorganization or liquidation proceeding or other
      proceeding for relief under any bankruptcy law or any law for the relief of
      debtors is instituted by or against Borrower; or

    

    (5) Any
      money
      judgment, writ or warrant of attachment, or similar process (singly or, if
      more
      than one, cumulatively in excess of USD$10,000) is entered or filed against
      Borrower or any of the assets of Borrower and (A) remains unvacated, unbonded,
      unstayed, undismissed or undischarged for a period of thirty (30) days or in
      any
      event later than five (5) days before the date of any proposed sale thereunder,
      or (B) Borrower has not appealed the same in good faith to Lender's
      satisfaction; or 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (6) The
      condition, financial or otherwise, of Borrower suffers any material adverse
      change, in the reasonable opinion of Lender; or

    

    b. Remedies.
      Upon
      demand or upon the occurrence and during the continuance of an Event of Default
      described in Subsections 3(a)(2) or 3(a)(4) above, all indebtedness under this
      Note shall automatically be immediately due and payable. In addition, Lender,
      at
      its option, and without notice to Borrower, may take one or more of the actions
      described below. Upon the occurrence and during the continuance of any other
      Event of Default, Lender at its option and, unless otherwise specified below,
      without notice to Borrower, may do any one or more of the
      following:

    

    (1) Declare
      all indebtedness under this Note immediately due and payable and credit any
      sums
      received thereafter in such manner as it elects upon such indebtedness;
      provided, however, that such application of sums so received shall not serve
      to
      waive or cure any default existing under this Note nor to invalidate any notice
      of default or any act done pursuant to such notice and shall not prejudice
      any
      rights of Lender; and

    

    (2) Exercise
      any or all rights provided or permit-ted by law or granted pursuant to this
      Note
      in such order and in such manner as Lender may, in its sole judgment,
      determine.

    

    c. No
      Waiver of Remedies.
      No
      waiver of any breach of or default under any provision of this Note shall
      constitute or be construed as a waiver by Lender of any subsequent breach of
      or
      default under that or any other provision of this Note.

    

    d. Remedies
      Not Exclusive.
      No
      remedy herein conferred upon Lender is intended to be exclusive of any other
      remedy herein or in any other agreement between the parties hereto or by law
      provided or permitted, but each shall be cumulative and shall be in addition
      to
      every other remedy given hereunder or now or hereafter existing at law, in
      equity or by statute.

    

    4. Covenants
      and Agreements.

    

    Borrower
      hereby makes the following covenants, which shall be deemed to be continuing
      covenants until payment in full of all indebtedness of Borrower to Lender
      arising under this Note: 

    

    a. Borrower
      shall promptly notify Lender in writing of the occurrence of any act or event
      including, without limitation, the commencement or threat of any action, suit,
      claim or proceeding against or investigation of Borrower, which could materially
      and adversely affect Borrower or which could impair the validity, effectiveness
      or enforceability of, or impair Borrower's ability to perform its obligations
      under, this Note, and of the occurrence of any Event of Default or any event
      which with the giving of notice, the lapse of time, or both, would become an
      Event of Default and the action Borrower proposes to take with respect
      thereto.

    

    b. Borrower
      shall, at any time and from time to time, upon the written request of Lender,
      execute and deliver to Lender such further documents and instruments and do
      such
      other acts and things as Lender may reasonably request in order to effectuate
      fully the purpose and intent of this Note.

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    5. Representations
      and Warranties of Borrower.

    

    Borrower
      hereby makes the following representations and warranties, which shall be deemed
      to be continuing representations and warranties until payment in full of all
      indebtedness of Borrower to Lender arising pursuant to this Note:

     

    a. No
      Conflict.
      The
      execution, delivery and performance of this Note are not in contravention of
      or
      in conflict with any agreement, indenture or undertaking to which Borrower
      is a
      party or by which Borrower or any of Borrower's assets or property may be bound
      or affected and do not cause any security interest, lien or other encumbrance
      to
      be created or imposed upon any such property by reason thereof.

    

    b. Litigation.
      There
      is no action, suit or proceeding pending or, to the best of Borrower's knowledge
      and belief, threatened against or affecting Borrower which could impair the
      validity, effectiveness or enforceability of, or impair Borrower's ability
      to
      perform its obligations under, this Note, whether said actions, suits or
      proceedings are at law or in equity or before or by any governmental authority.
      

    

    6. Legal
      Fees.

    

    Borrower
      agrees to pay all costs and expenses, including without limitation reasonable
      attorneys' fees, incurred by Lender in connection with the enforcement of any
      obligation of Borrower under this Note.

    

    7. Severability.

    

    In
      case
      any term or any provision of this Note shall be invalid, illegal or
      unenforceable, such provision shall be severable from the rest of this Note
      and
      the validity, legality and enforceability of the remaining provisions shall
      not
      in any way be affected or impaired thereby. 

    

    8. Headings.

    

    Headings
      used in this Note are inserted for convenience only and shall not be deemed
      to
      constitute a part hereof.

    

    9. Governing
      Law.

    

    This
      Note
      shall be governed by and construed in accordance with the laws of the State
      of
      Nevada. 

    

    Borrower:

    

    DGT
      CORP.

    a
      Nevada
      corporation

     

    
      	By:  /s/ Jurgen
              Ballmaier	/s/ Wolfgang
              Wagner
	
              Jurgen
                Ballmaier  

              President
                / Director

            	
              Wolfgang Wagner

              Treasurer /
                Director

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