Document:

ex10-1.htm

    
      AMENDMENT
        NO. 2

      TO

      SECOND
        AMENDED AND RESTATED

      LIMITED
        LIABILITY COMPANY OPERATING AGREEMENT

      OF

      TRIMARAN
        POLLO PARTNERS, L.L.C.

      

      

      This
        AMENDMENT NO. 2 (this “Amendment”) to the
        Second Amended and Restated Limited Liability Company Operating Agreement
        (the
“Agreement”) of
        Trimaran Pollo Partners, L.L.C. (the “Company”) is entered
        into as of this 30th day of January, 2008 by and among the Company, Trimaran,
        and the parties whose names are set forth on Schedule C hereto. Capitalized
        terms used herein and not otherwise defined in this Amendment shall have
        the
        meanings ascribed to such term in the Agreement (as defined below).

       

      RECITALS

       

      WHEREAS,
        on March 8, 2006, the Company entered into the Second Amended and Restated
        Limited Liability Company Operating Agreement with the members listed in
        Schedule A thereto;

       

      WHEREAS,
        Section 13.04 of the Agreement
        provides that the Agreement may be amended or modified with the approval
        of
        Trimaran and each Investor Member, respectively; and

       

      WHEREAS,
        in connection with the closing under the Unit Purchase Agreement (the “Unit Purchase
        Agreement”) consummated on the date hereof by and among the Company,
        Chicken Acquisition Corp., a Delaware corporation, EPL Intermediate, Inc.,
        a
        Delaware corporation, El Pollo Loco, Inc., a Delaware corporation, certain
        members of the Company signatories thereto, FS Equity Partners V, L.P. (“FSEP V”), FS
        Affiliates V, L.P. (“FSA V”) and Peter
        Starrett, (“Starrett”
and
        collectively with FSEP V and FSA V, “FS”), Trimaran
        and
        each Investor Member desire to amend the Agreement as set forth in this
        Amendment.

       

      NOW
        THEREFORE, in consideration of the foregoing recitals, mutual agreements
        contained herein and for good and valuable consideration, the receipt and
        sufficiency of which are hereby acknowledged, the Company and the other
        signatories hereto, intending to be legally bound hereby, agree as
        follows:

       

      1.           Amendments.

       

      1.1.      Officers

       

      1.1.1.   Section
        3.03(e) of the Agreement shall be amended to read in its entirety as
        follows:

       

      (e)       
        The following persons are hereby appointed officers of the Company:

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      Andrew
        R. Heyer – President

      Dean
        C. Kehler -- Vice President

      Jay
        R. Bloom -- Vice President and Secretary

      Alberto
        Robaina -- Assistant Secretary

       

      1.2.      CAC
        Board

       

      1.2.1.   Section
        3.04(a) of the Agreement shall be amended to read in its entirety as
        follows:

       

      (a)        The
        board of directors of CAC (the “CAC Board”) shall
        consist of a total of 9 directors.  Except as provided by Section
        3.04(c) below, the Managing Member may cause the Company to change the total
        number of directors comprising the CAC Board, to designate or change the
        class
        and voting power of such directors, to appoint any additional directors to
        the
        CAC Board and to fill any vacancies on the CAC Board. The Company shall take
        all
        Necessary Action to cause any decision of the Managing Member pursuant to
        the
        preceding sentence to be effectuated as the Managing Member deems
        appropriate.

       

      1.2.2.   Section
        3.04(b) of the Agreement shall be amended to read in its entirety as
        follows:

       

      (b)        All
        directors on the CAC Board shall be designated by the Trimaran Vehicles,
        except
        as provided in Section 3.04(c) below. All Persons designated to the CAC Board
        by
        the Trimaran Vehicles shall be “Trimaran Directors” and all others (including
        those designated pursuant to Sections 3.04(c) and 3.04(e) below) shall be
        “Non-Trimaran Directors.”  All Persons to be elected as Trimaran
        Directors shall be designated by the Trimaran Vehicles, in a manner specified
        by
        the Managing Member.  The Company and the Managing Member shall take
        all Necessary Action to cause the election of any Persons properly designated
        as
        Trimaran Directors or Non-Trimaran Directors.

       

      1.2.3.   Section
        3.04(c) of the Agreement shall be amended to read in its entirety as
        follows:

       

      (c)        For
        so long as an Investor Member (together with its Affiliates) holds at least
        15%
        of the aggregate number of Membership Units outstanding, such Investor Member
        shall have the right, but not the obligation, to designate one (1) Person
        to be
        elected as a Non-Trimaran Director, and the Company shall take all Necessary
        Action to cause the election of such Person as a Non-Trimaran Director;
        provided, however: (i) that FS shall have the right, but not the obligation,
        to
        elect (or have elected by the Members) one Person (the “FS Director”) to the
        CAC Board (which Person shall initially be John M. Roth) until such time
        as FS
        collectively holds less than 5% of the aggregate number of Membership Units
        outstanding, and (ii) until such time as FS holds less than 5% of the aggregate
        number of Membership Units, the Managing Member shall not change the class
        or
        voting power of the members of the CAC Board in a manner that materially
        adversely affects the FS Director without the consent of FSA V and FSEP
        V.

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      1.2.4.   Section
        3.04(d) of the Agreement shall be amended to read in its entirety as
        follows:

       

      (d)        Notwithstanding
        anything to the contrary herein, any Non-Trimaran Director shall be reasonably
        acceptable to the Managing Member (it being understood that John M. Roth,
        Jon D.
        Ralph and Benjamin D. Geiger are reasonably acceptable to the Managing Member).
        The Company and the Managing Member shall take all Necessary Action to cause
        the
        election of any Non-Trimaran Director pursuant to the foregoing.

       

      1.3.     
        Distributions

       

      1.3.1.   Section
        5.01(d) of the Agreement shall be amended to read in its entirety as
        follows:  [reserved].

       

      1.3.2.   Section
        5.01(e) of the Agreement shall be amended to read in its entirety as
        follows:  [reserved].

       

      1.4.     
        Transfers to
        Affiliates

       

      1.4.1.   Section
        8.05 of the Agreement shall be amended to read in its entirety as
        follows:

       

      Subject
        to Section 8.06, any Member may Transfer any Membership Units to an Affiliate
        of
        such Member; provided that such
        Transfer shall not be effective unless and until the Managing Member is
        reasonably satisfied that such Transfer complies with the conditions set
        forth
        in clauses (i) through (iv) of Section 8.01(c); and, provided
further
        that,
        notwithstanding anything to the contrary herein, transfers to Affiliates
        shall
        not trigger the right of first offer, tag-along or drag-along rights described
        in Sections 8.02, 8.03 and 8.04, respectively.

       

      1.5.     
        Schedules A, B
        and
        C.

       

      1.5.1.   Schedules
        A, B and C of the Agreement shall be amended in their entirety to read as
        set
        forth in such Schedules hereto, respectively.

       

      1.6.     
        The definition of "American Securities" shall be deleted in its
        entirety.

       

      
        1.7.     
          The definition of "Capital
          Contributions" shall be amended in its entirety to read as follows:

         

      

      
        "Capital
          Contribution"
          means, with respect to any Member, the total amount of cash or the value
          of
          other property contributed to the Company by such Member pursuant to this
          Agreement; provided that
          the
          Managing Member shall determine in its reasonable discretion the value
          of any
          property other than cash contributed by any Member; provided, further,
          that any
          Capital Contributions made following the date of this Agreement shall consist
          solely of cash.

         

      

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      2.         
        Reference
        to and Effect upon the Agreement.  Except as specifically set
        forth above, the Agreement shall remain in full force and effect and is hereby
        ratified and confirmed.  The execution, delivery and effectiveness of
        this Amendment shall not constitute an amendment of any provision of the
        Agreement, except as specifically set forth herein.

       

      3.         
        Headings.  The
        section
        headings contained in this Amendment are solely for the purpose of reference,
        are not part of the agreement of the parties hereto, and shall not in any
        way
        affect the meaning or interpretation of this Amendment.

       

      4.          Counterparts;
        Effectiveness.  This Amendment
        may be signed in any number of counterparts, each of which shall be deemed
        an
        original, with the same effect as if the signatures thereto and hereto were
        upon
        the same instrument.  This Amendment shall become effective when each
        party hereto shall have received counterparts hereof signed by all of the
        other
        parties hereto.

       

      [Remainder
        of page intentionally left
        blank]

       

       

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      IN
        WITNESS WHEREOF, the parties hereto have duly executed and delivered this
        Amendment as of the date first written above.

       

      

       

      
        	 	
                THE
                  COMPANY

              
	 	 	 	 
	 	 	 	 
	 	
                TRIMARAN
                  POLLO PARTNERS, L.L.C.

              
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	
                By:

              	
                /s/
                  Jay R. Bloom

              
	 	 	
                Name:

              	
                Jay
                  R. Bloom

              
	 	 	
                Title:

              	
                Vice
                  President and Secretary

              

      

      

       

      

       

      
        	 	
                MANAGING
                  MEMBER

              
	 	 	 	 
	 	 	 	 
	 	
                TRIMARAN
                  CAPITAL, L.L.C.

              
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	
                By:

              	
                /s/
                  Jay R. Bloom

              
	 	 	
                Name:

              	
                Jay
                  R. Bloom

              
	 	 	
                Title:

              	
                Managing
                  Director

              

      

      

       

      

      

      

      

      

      

      [
        Amendment No. 2 to Second
        Amended and Restated Limited Liability Company

      Operating
        Agreement of Trimaran
        Pollo Partners, L.L.C. Signature Page ]

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
 

      
        	 	
                OTHER
                  MEMBERS

              
	 	 	 	 
	 	
                TRIMARAN
                  FUND II, L.L.C.

              
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	
                By:

              	
                /s/
                  Jay R. Bloom

              
	 	 	
                Name:

              	
                Jay
                  R. Bloom

              
	 	 	
                Title:

              	 
	 	 	 	 
	 	 	 	 
	 	
                TRIMARAN
                  PARALLEL FUND II, L.P.

              
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	
                By:

              	
                /s/
                  Jay R. Bloom

              
	 	 	
                Name:

              	
                Jay
                  R. Bloom

              
	 	 	
                Title:

              	 
	 	 	 	 
	 	 	 	 
	 	
                CIBC
                  EMPLOYEE PRIVATE EQUITY

              
	 	
                FUND
                  (TRIMARAN) PARTNERS

              
	 	 	 	 
	 	 	 	 
	 	
                By:

              	
                /s/
                  Jay R. Bloom

              
	 	 	
                Name:

              	
                Jay
                  R. Bloom

              
	 	 	
                Title:

              	 

      

      

      

      

      

      

      

      

      [
        Amendment No. 2 to Second
        Amended and Restated Limited Liability Company

      Operating
        Agreement of Trimaran
        Pollo Partners, L.L.C. Signature Page ]

       

      
 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	 	
                CIBC
                  CAPITAL CORPORATION

              
	 	 	 	 
	 	 	 	 
	 	
                By:

              	
                /s/
                  Jay R. Bloom

              
	 	 	
                Name:

              	
                Jay
                  R. Bloom

              
	 	 	
                Title:

              	 

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      [
        Amendment No. 2 to Second
        Amended and Restated Limited Liability Company

      Operating
        Agreement of Trimaran
        Pollo Partners, L.L.C. Signature Page ]

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
 

      
        	 	
                CONTINENTAL
                  CASUALTY COMPANY

              
	 	 	 	 
	 	 	 	 
	 	
                By:

              	
                /s/
                  Marilou R. McGirr

              
	 	 	
                Name:

              	
                Marilou
                  R. McGirr

              
	 	 	
                Title:

              	
                Vice
                  President and Assistant Treasurer

              

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      [
        Amendment No. 2 to Second
        Amended and Restated Limited Liability Company

      Operating
        Agreement of Trimaran
        Pollo Partners, L.L.C. Signature Page ]

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
 

      
        	 	
                MULTI-STRATEGY
                  HOLDINGS, L.P.

              
	 	 	 	 
	 	
                By:

              	
                Multi-Strategy
                  Holdings Offshore

              
	 	 	
                Advisors,
                  Inc., its General Partner

              
	 	 	 	 
	 	 	 	 
	 	
                By:

              	
                /s/
                  Ryan Boucher

              
	 	 	
                Name:

              	
                Ryan
                  Boucher

              
	 	 	
                Title:

              	
                Vice
                  President

              

      

      

      

      

      
        	 	
                VF
                  III HOLDINGS, L.P.

              
	 	 	 	 
	 	
                By:

              	
                VF
                  III Holdings Offshore Advisors,

              
	 	 	
                Inc.,
                  its General Partner

              
	 	 	 	 
	 	 	 	 
	 	
                By:

              	
                /s/
                  Ryan Boucher

              
	 	 	
                Name:

              	
                Ryan
                  Boucher

              
	 	 	
                Title:

              	
                Vice
                  President

              

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      [
        Amendment No. 2 to Second
        Amended and Restated Limited Liability Company

      Operating
        Agreement of Trimaran
        Pollo Partners, L.L.C. Signature Page ]

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
 

      
        	 	
                ZG
                  INVESTMENTS III LTD.

              
	 	 	 	 
	 	 	 	 
	 	
                By:

              	
                /s/
                  Michael Deevy

              
	 	 	
                Name:

              	
                Michael
                  Deevy

              
	 	 	
                Title:

              	
                Director

              

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      [
        Amendment No. 2 to Second
        Amended and Restated Limited Liability Company

      Operating
        Agreement of Trimaran
        Pollo Partners, L.L.C. Signature Page ]

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
 

      
        	 	
                BRODY
                  2005 LLC

              
	 	 	 	 
	 	 	 	 
	 	
                By:

              	
                /s/
                  Howard Kaye

              
	 	 	
                Name:

              	
                Howard
                  Kaye

              
	 	 	
                Title:

              	
                Managing
                  Member

              

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      [
        Amendment No. 2 to Second
        Amended and Restated Limited Liability Company

      Operating
        Agreement of Trimaran
        Pollo Partners, L.L.C. Signature Page ]

       

      
 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	 	
                FS
                  EQUITY PARTNERS V, L.P.,

              
	 	 	 	 
	 	
                By:

              	
                FS
                  Capital Partners V, LLC

              
	 	 	
                its
                  General Partner

              
	 	 	 	 
	 	 	 	 
	 	
                By:

              	
                /s/
                  John M. Roth

              
	 	 	
                Name:

              	
                John
                  M. Roth

              
	 	 	
                Title:

              	
                Managing
                  Member

              

      

      

      

      

      
        	 	
                FS
                  AFFILIATES V, L.P.

              
	 	 	 	 
	 	
                By:

              	
                FS
                  Capital Partners V, LLC,

              
	 	 	
                its
                  General Partner

              
	 	 	 	 
	 	 	 	 
	 	
                By:

              	
                /s/
                  John M. Roth

              
	 	 	
                Name:

              	
                John
                  M. Roth

              
	 	 	
                Title:

              	
                Managing
                  Member

              

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      [
        Amendment No. 2 to Second
        Amended and Restated Limited Liability Company

      Operating
        Agreement of Trimaran
        Pollo Partners, L.L.C. Signature Page ]

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      SCHEDULE
        A

       

      NAMES
        AND ADDRESSES OF MEMBERS

       

      

      
        
          
            	
                    Name

                  	 	
                    Address

                  
	
                    Continental
                      Casualty Company

                  	 	
                    Mike
                      Hass

                    CNA

                    333
                      South Wabash Avenue, 23 South

                    Chicago,
                      Illinois 60604

                    Attention:  Michael
                      Hass

                    Telephone:  312-822-6592

                     

                  
	
                    Multi-Strategy
                      Holdings, L.P.

                  	 	
                    Multi-Strategy
                      Holdings, L.P.

                    32
                      Old Slip, 37th
                      Floor

                    New
                      York, New York 10005

                    Attn:  Kane
                      Brennan

                    Telephone:  212-855-9851

                    Fax:  212-493-0187

                     

                  
	
                    VF
                      III Holdings, L.P.

                  	 	
                    VF
                      III Holdings, L.P.

                    32
                      Old Slip, 37th
                      Floor

                    New
                      York, New York 10005

                    Attn:  Kane
                      Brennan

                    Telephone:  212-855-9851

                    Fax:  212-493-0187

                     

                  
	
                    Trimaran
                      Capital, L.L.C.

                  	 	
                    c/o
                      Trimaran Fund Management, L.L.C.

                    1325
                      Avenue of the Americas, 34th Floor

                    New
                      York, New York 10019

                    Attn.:  Alberto
                      Robaina

                    Telephone:  212-616-3750

                    Fax:  212-616-3704

                     

                  

          

           

           

          
            
              
              

            

            
              Schedule
                A-1

              
                

              

            

            
              
              

            

          

           

          
            	
                    Trimaran
                      Fund II, L.L.C.

                  	 	
                    c/o
                      Trimaran Fund Management, L.L.C.

                    1325
                      Avenue of the Americas, 34th Floor

                    New
                      York, New York 10019

                    Attn.:  Alberto
                      Robaina

                    Telephone:  212-616-3750

                    Fax:  212-616-3704

                     

                  
	
                    Trimaran
                      Parallel Fund II, L.P.

                  	 	
                    c/o
                      Trimaran Fund Management, L.L.C.

                    1325
                      Avenue of the Americas, 34th Floor

                    New
                      York, New York 10019

                    Attn.:  Alberto
                      Robaina

                    Telephone:  212-616-3750

                    Fax:  212-616-3704

                     

                  
	
                    CIBC
                      Employee Private Equity Fund (Trimaran) Partners

                  	 	
                    c/o
                      Trimaran Fund Management, L.L.C.

                    1325
                      Avenue of the Americas, 34th Floor

                    New
                      York, New York 10019

                    Attn.:  Alberto
                      Robaina

                    Telephone:  212-616-3750

                    Fax:  212-616-3704

                     

                  
	
                    CIBC
                      Capital Corporation

                  	 	
                    c/o
                      Trimaran Fund Management, L.L.C.

                    1325
                      Avenue of the Americas, 34th Floor

                    New
                      York, New York 10019

                    Attn.:  Alberto
                      Robaina

                    Telephone:  212-616-3750

                    Fax:  212-616-3704

                     

                  
	
                    Brody
                      2005 LLC

                  	 	
                    c/o
                      Hub International

                    1065
                      Avenue of the Americas

                    New
                      York, New York  10018

                    Attention:  Howard
                      Kaye

                    Telephone:  212-338-2263

                    Fax:  212-354-0894

                     

                  
	
                    ZG
                      Investments III Ltd.

                  	 	
                    Courier
                      Address

                    Wellesley
                      House,

                    90
                      Pitt’s Bay Road,

                    Pembroke
                      HM 08,

                    BERMUDA

                    
                    

                    
                    

                    Mailing
                      Address

                    P.O.
                      Box HM 2268,

                    Hamilton
                      HM JX,

                    BERMUDA

                    
                    

                    
                    

                    Telephone:
                      1-441-294-2400

                    Fax:
                      1-441-294-2401

                    Attention:
                      Mike Deevy

                  

          

           

          
            
              
              

            

            
              Schedule
                A-2

              
                

              

            

            
              
              

            

          

           

          
            	 	 	
                    With
                      a copy to:

                     

                    
                    

                    Zurich
                      Alternative Asset Management, LLC

                    105
                      East 17th Street

                    New
                      York, NY 10003

                    Attention:
                      General Counsel

                     

                  
	
                    FS
                      Equity Partners V, L.P.

                    FS
                      Affiliates V, L.P.

                  	 	
                    FS
                      Equity Partners V, L.P.

                    FS
                      Affiliates V, L.P.

                    11100
                      Santa Monica Boulevard

                    Suite
                      1900

                    Los
                      Angeles, CA  90025

                    Tel:  310-444-1822

                    Fax:  310-444-1870

                     

                    
                    

                    With
                      a copy to:

                     

                    Bingham
                      McCutchen, LLP

                    355
                      South Grand Avenue, Suite 4400

                    Los
                      Angeles, CA  90071-3106

                    Attention:  Richard
                      J. Welch

                    Tel:  213-680-6400

                    Fax:  213-680-6499

                     

                  
	
                    Peter
                      Starrett

                  	 	
                    11100
                      Santa Monica Boulevard

                    Suite
                      1900

                    Los
                      Angeles, CA  90025

                    Tel:  310-444-1822

                    Fax:  310-444-1870

                  

          

        

         

        
          
            
            

          

          
            Schedule
              A-3

            
              

            

          

          
            
            

          

        

         

      

      SCHEDULE
        B

       

      CAPITAL
        CONTRIBUTIONS AND

      MEMBERSHIP
        UNITS

       

       

      
        
          	
                  Name

                	
                  Capital

                  Contribution

                	 	
                  Membership

                  Units

                	 	
                  Percentage

                
	
                  Continental
                    Casualty Company

                   

                	
                  $5,000,000.00

                	 	
                  57,848.70

                	 	
                  2.49%

                
	
                  Multi-Strategy
                    Holdings, L.P.

                   

                	
                  $659,963.26

                	 	
                  7,635.60

                	 	
                  0.33%

                
	
                  VF
                    III Holdings, L.P.

                  
                  

                	
                  $9,340,036.74

                	 	
                  108,061.79

                	 	
                  4.66%

                
	
                  Trimaran
                    Capital, L.L.C.

                   

                	
                  $2,666,954.28

                	 	
                  30,855.97

                	 	
                  1.33%

                
	
                  Trimaran
                    Fund II, L.L.C.

                   

                	
                  $41,305,098.22

                	 	
                  477,889.24

                	 	
                  20.60%

                
	
                  Trimaran
                    Parallel Fund II, L.P.

                   

                	
                  $17,390,592.84

                	 	
                  201,204.63

                	 	
                  8.67%

                
	
                  CIBC
                    Employee Private Equity Fund (Trimaran) Partners

                   

                	
                  $26,895,806.98

                	 	
                  311,177.49

                	 	
                  13.41%

                
	
                  CIBC
                    Capital Corporation

                	
                  $29,342,494.69

                	 	
                  339,485.03

                	 	
                  14.63%

                
	 
                  	 	 	 	 	 
	
                  Brody
                    2005 LLC

                	
                  $1,446,292.57

                	 	
                  16,733.23

                	 	
                  .72%

                
	 	 	 	 	 	 
	
                  ZG
                    Investments III Ltd.

                	
                  $10,000,000.00

                	 	
                  115,697.40

                	 	
                  4.99%

                
	 	 	 	 	 	 
	
                  FS
                    Equity Partners V, L.P.

                	
                  $64,984,438.49

                	 	
                  642,389.62

                	 	
                  27.69%

                
	 	 	 	 	 	 
	
                  FS
                    Affiliates V, L.P.

                	
                  $869,268.94

                	 	
                  8,592.97

                	 	
                  .37%

                
	 	 	 	 	 	 
	
                  Peter
                    Starrett

                	
                  $250,000.00

                	 	
                  2,272.73

                	 	
                  0.10%

                
	 	 	 	 	 	 
	
                  Total

                	
                  $210,150,947.01

                	 	
                  2,319,844.40

                	 	
                  100%

                

        

      

      
 

       

      
        
          
          

        

        
          Schedule
            B-1

          
            

          

        

        
          
          

        

      

       

      SCHEDULE
        C

       

      INVESTOR
        MEMBERS

      

      
        
          	
                  Name

                	 	
                  Address

                
	
                  Continental
                    Casualty Company

                	 	
                  Mike
                    Hass

                  CNA

                  333
                    South Wabash Avenue, 23 South

                  Chicago,
                    Illinois 60604

                  Attention:  Michael
                    Hass

                  Telephone:  312-822-6592

                   

                
	
                  Multi-Strategy
                    Holdings, L.P.

                	 	
                  Multi-Strategy
                    Holdings, L.P.

                  32
                    Old Slip, 37th
                    Floor

                  New
                    York, New York 10005

                  Attn:  Kane
                    Brennan

                  Telephone:  212-855-9851

                  Fax:  212-493-0187

                   

                
	
                  VF
                    III Holdings, L.P.

                	 	
                  VF
                    III Holdings, L.P.

                  32
                    Old Slip, 37th
                    Floor

                  New
                    York, New York 10005

                  Attn:  Kane
                    Brennan

                  Telephone:  212-855-9851

                  Fax:  212-493-0187

                   

                
	
                  Brody
                    2005 LLC

                	 	
                  c/o
                    Hub International

                  1065
                    Avenue of the Americas

                  New
                    York, New York  10018

                  Attention:  Howard
                    Kaye

                  Telephone:  212-338-2263

                  Fax:  212-354-0894

                   

                
	
                  ZG
                    Investments III Ltd.

                	 	
                  Courier
                    Address

                  Wellesley
                    House,

                  90
                    Pitt’s Bay Road,

                  Pembroke
                    HM 08,

                  BERMUDA

                   

                  
                  

                  Mailing
                    Address

                  P.O.
                    Box HM 2268,

                  Hamilton
                    HM JX,

                  BERMUDA

                

        

         

        
          
            
            

          

          
            Schedule
              C-1

            
              

            

          

          
            
            

          

        

         

        
          	 	 	
                  Telephone:
                    1-441-294-2400

                  Fax:
                    1-441-294-2401

                  Attention:
                    Mike Deevy

                   

                  
                  

                  With
                    a copy to:

                   

                  
                  

                  Zurich
                    Alternative Asset Management, LLC

                  105
                    East 17th Street

                  New
                    York, NY 10003

                  Attention:
                    General Counsel

                   

                
	
                  FS
                    Equity Partners V, L.P.

                  FS
                    Affiliates V, L.P.

                	 	
                  FS
                    Equity Partners V, L.P.

                  FS
                    Affiliates V, L.P.

                  11100
                    Santa Monica Boulevard

                  Suite
                    1900

                  Los
                    Angeles, CA  90025

                  Tel:  310-444-1822

                  Fax:  310-444-1870

                   

                  
                  

                  With
                    a copy to:

                   

                  
                  

                  Bingham
                    McCutchen, LLP

                  355
                    South Grand Avenue, Suite 4400

                  Los
                    Angeles, CA  90071-3106

                  Attention:  Richard
                    J. Welch

                  Tel:  213-680-6400

                  Fax:  213-680-6499

                

        

      

      Schedule
        C-2Ex 10.1

Exhibit 10.1

SETTLEMENT AGREEMENT AND MUTUAL RELEASE

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.

1.

Background. Various disputes have arisen between Challenger on the one hand and Evans on the other. These disputes include those matters alleged and set forth in the claims and counterclaims contained in that certain suit entitled Challenger Powerboat, Inc., f/k/a Xtreme Companies, Inc., et al. v. Barrett Evans, United States District Court for the Eastern District of Missouri, Cause No. 07CV-0085-TIA (the “Missouri Suit”). The matters in dispute among the parties also include those matters alleged and set forth in the claims contained in that certain suit entitled eFund Small-Cap Fund, L.P., et al. v. Challenger Powerboats, Inc. f/k/a Xtreme Companies, Inc., United States District Court for the District of Nevada, Cause No. 3:07-CV-00550-LRH-RAM (the “Nevada Suite”).

2.

Purpose. In consideration of the mutual promises and covenants contained herein, and in full settlement and discharge of all claims and Obligations between and among the parties, Evans and Challenger now desire to compromise and settle all disputes between them, including all disputes and claims and counterclaims alleged in the Missouri Suit and all disputes and claims alleged in the Nevada Suit.

3.

Definitions. As used in this Settlement Agreement, the following terms shall have the meanings indicated:

(a)

“Claims” refers to and includes all claims, demands, rights, causes of action, rights of action, rights of subrogation, rights of indemnity, rights to reimbursement, rights to payments, liens and remedies of each and every kind or nature whatsoever, whether cognizable at law, in equity, or otherwise, and whether known or unknown to any party at the time of its execution of this Settlement Agreement, except as may arise from or relate to any act or omission of any party to any occurrence occurring after the effective date hereof. Without limiting the generality of the prior statement, “Claims” specifically includes, but is not limited to, all claims or counterclaims for relief or recovery, whether for declaration, injunction or damages arising from or relating to the operative facts alleged in the Missouri Suit and the Nevada Suit, and which was or could have been made in either or both of the Missouri Suit or the Nevada Suit.

(b)

“Obligations” refers to and includes all obligations, duties, covenants, liabilities, damages, costs, fees (including, without limitation, all attorneys’ fees), expenses and debts of each and every kind or nature whatsoever, whether known or unknown to any party at the time of its execution of the Settlement Agreement.

(c)

“On account of” means directly or indirectly arising out of, resulting from, connected with, based upon or in any manner related to, in the past, or at present, the subject to which that phrase refers.

(d)

“Debentures” means the following described seven (7) debenture agreements entered into between Challenger and eFund Small-Cap Fund, L.P. and/or eFund Capital Partners, L.L.C., which represent any and all indebtedness owed by Challenger to Evans:

(i)

Convertible Debenture dated October 1, 2003, with a principal amount of Fifty Thousand Dollars ($50,000.00), and accruing interest at a rate of six percent (6%) per annum, held by eFund Small-Cap Fund, L.P.;

(ii)

Convertible Debenture dated February 18, 2004, with a principal amount of Twenty-Eight Thousand Dollars ($28,000.00), and accruing interest at a rate of six percent (6%) per annum, held by eFund Capital Partners, L.L.C.;

(iii)

Convertible Debenture dated October 18, 2004, with a principal amount of Eighteen Thousand Dollars ($18,000.00), and accruing interest at a rate of eight percent (8%) per annum, held by eFund Capital Partners, L.L.C.;

(iv)

Convertible Debenture dated March 10, 2005, with a principal amount of Sixty Thousand Dollars ($60,000.00), and accruing interest at a rate of eight percent (8%) per annum, held by eFund Capital Partners, L.L.C.;

(v)

Convertible Debenture dated March 18, 2005, with a principal amount of Sixty Thousand Dollars ($60,000.00), and accruing interest at a rate of eight percent (8%) per annum, held by eFund Capital Partners, L.L.C.;

(vi)

Convertible Debenture dated May 20, 2005, with a principal amount of One Hundred Twenty Thousand Dollars ($120,000.00), and accruing interest at a rate of eight percent (8%) per annum, held by eFund Capital Partners, L.L.C.; and

(vii)

Convertible Debenture dated July 7, 2005, with a principal amount of Seventy-Two Thousand Dollars ($72,000.00), and accruing interest at a rate of eight percent (8%) per annum, held by eFund Capital Partners, L.L.C.;

(c)

“Warrants” means those common stock warrants which, in connection with Evans, from time to time, making certain investments in Challenger and/or providing financing to Challenger, Challenger has, at various times, issued to Evans to purchase shares of Challenger’s common stock, par value $0.001 per share, at various exercise prices and with various expiration dates, but only insofar as the warrants were issued pursuant to or in conjunction with, any of the Debentures.

4.

Releases. The parties release the following upon the execution of this Settlement Agreement and the Intercreditor Agreement discussed below:

(a)

The parties mutually and reciprocally release each other from all Claims, from all other known and unknown Obligations arising out of the Debentures and Warrants, and from any other Claims or Obligations from the beginning of time to the effective date of this Settlement Agreement, whether known or unknown, arising out of the relationships between the parties. Both parties agree that there will be no further litigation pertaining to any issues that are, were or could have been brought in the Missouri Suit or the Nevada Suit.

(b)

The parties mutually agree that all Obligations on account of the Debentures shall be deemed fully satisfied in all respects.

(c)

The parties mutually agree that all Warrants issued by Challenger to Evans, pursuant to or in conjunction with any of the Debentures, which are outstanding on the date hereof, are hereby cancelled.

(d)

The parties do not release one another from the duties and obligations set forth in this Settlement Agreement.

(e)

The parties do not release one another from their respective duties and obligations set forth in the Intercreditor Agreement that is Exhibit A to this Settlement Agreement.

5.

Covenant Not to Sue. The mutual releases in paragraph 4 do not release and discharge Evans’ rights, claims, demands, damages, actions, or causes of action that Evans may have in a derivative capacity as a shareholder or former shareholder of Challenger.

(a)

In lieu of releasing any claims Evans may have in such a derivative capacity, Evans, for himself, his officers, directors, agents, employees, successors and assigns, now and forever covenants and agrees not to sue Challenger, its officers, directors, agents, employees, successors and assigns, and further now and forever covenants and agrees to refrain forever from instituting, pressing, collecting or in any way aiding or proceeding (whether in a court or other administrative or adjudicative body, tribunal or forum, by arbitration, by set-off, recoupment or otherwise) upon any and all claims, counterclaims, demands, causes of action, suits, debts, judgments, decrees, rights or remedies of any kind whether afforded by statute, at law, in equity or otherwise, which Evans has ever had, now has, or may ever have in a derivative capacity against Challenger. It is expressly understood and agreed that this is not intended as a release or discharge of, nor as an accord or satisfaction with, any party whomsoever, but only as a covenant not to sue or otherwise pursue such claims as provided herein, and with the effect that Challenger and Evans hereby purchase peace (including without limitation, freedom from prosecution and collection) and are hereby given peace (including without limitation, freedom from prosecution and collection) with respect to all claims that Evans may have in a derivative capacity;

(b)

PROVIDED, HOWEVER, in the event that Challenger, including its successors or assigns, breach this Settlement Agreement, or Challenger, including its successors or assigns, breaches or otherwise defaults in its obligations under the Intercreditor Agreement that is Exhibit A herein, then this covenant not to sue shall thereafter automatically terminate and be void. The parties further agree that any and all statutes of limitations otherwise applicable to any such claims that Evans my have are tolled (meaning that the running of same are considered stopped) from January 28, 2008 to the date of said breach or default, and that, in the event Evans initiates such an action after the date of said breach or default, neither Challenger, nor its successors or assigns, will object to or otherwise interpose any defenses thereto based upon laches, estoppel, statutes of limitation or any defense based upon the passage of time between January 28, 2008 and the date of said breach or default.

6.

Payment Terms. Challenger agrees to pay Evans a total of FOUR HUNDRED EIGHTY-FIVE THOUSAND DOLLARS AND ZERO CENTS ($485,000.00) on the following schedule and terms:

(a)

Challenger shall make the following payments to Evans:

				
	(i)

	January 28, 2008:

	$100,000.00

	 

	(ii)

	February 5, 2008:

	$25,000.00

	 

	(iii)

	March 1, 2008:

	$11,000.00

	 

	(iv)

	April 1, 2008:

	$25,000.00

	 

	(v)

	May 1, 2008:

	$11,000.00

	 

	(vi)

	June 1, 2008:

	$25,000.00

	 

	(vii)

	July 1, 2008:

	$11,000.00

	 

	(viii)

	August 1, 2008:

	$25,000.00

	 

	(ix)

	September 1, 2008:

	$11,000.00

	 

	(x)

	October 1, 2008:

	$25,000.00

	 

	(xi)

	November 1, 2008:

	$11,000.00

	 

	(xii)

	December 1, 2008:

	$15,000.00

	 

	(xiii)

	January 2, 2009:

	$15,000.00

	 

	(xiv)

	February 1, 2009:

	$15,000.00

	 

	(xv)

	March 1, 2009:

	$15,000.00

	 

	(xvi)

	April 1, 2009:

	$15,000.00

	 

	(xvii)

	May 1, 2009:

	$15,000.00

	 

	(xviii)

	June 1, 2009:

	$15,000.00

	 

	(xix)

	July 1, 2009:

	$100,000.00

	 

				

(b)

The above payment dates that fall on a Saturday, or Sunday or banking holiday can be made the succeeding business day. 

(c)

Payment Instructions:

All payments listed in Paragraph 5(a) herein shall be according to the following wire instructions:

EFund Capital Partners, LLC

211 E. Ocean Blvd., Suite 218

Long  Beach, CA 90802

BANK OF AMERICA

South Coast Center Branch #2443

3730 South Bristol Street

Santa Ana, CA 92704

(d)

Evans acknowledges that the $485,000 settlement amount in this Settlement Agreement bears no interest and provides no rights for Evans to convert any amount due and owing hereunder into Challenger stock.

(e)

Should Challenger breach any of these payment provisions, such breach shall trigger a default of this Settlement Agreement.

7.

Intercreditor Agreement. As a material term of this Settlement Agreement, Evans, Challenger and Dutchess Capital Management, L.L.C., Dutchess Private Equities Fund, L.P., Dutchess Private Equities Fund II,  L.P., and Dutchess Private Equities Fund, Ltd., and any affiliates, successors or predecessors thereof (collectively “Dutchess” or “the Dutchess Entities”) will enter into an Intercreditor Agreement which is attached hereto as Exhibit A. Challenger recognizes and agrees if there is a breach of Exhibit A., subject to applicable notice and cure periods, that breach will and does constitute a default of this Settlement Agreement, and will entitle Evans to pursue all of the rights and remedies available to Evans. Should, pursuant to Exhibit A, Challenger pay to Evans an amount greater than the monthly payment Challenger is obligated to make to Evans, that additional amount shall be subtracted from the last (i.e., last in time) remaining payment due and unpaid such payments are reflected in the payment schedule in Paragraph 6(a) above.

8.

Share Sales. The parties agree that Evans is free to sell or otherwise dispose of any shares of Challenger stock and/or any other Challenger securities now owned by Evans, directly or indirectly, or acquired by Evans in the future, where directly or indirectly.

9.

Rights and Remedies; Consent Judgment. To secure payment of Challenger’s obligations herein, the parties shall instruct their attorneys to execute the Consent Judgment marked Exhibit B attached hereto and incorporated herein by reference.

(a)

If Challenger defaults on its obligations outlined herein, or if there is a breach of Exhibit A, subject to applicable notice and cure periods, Evans and/or counsel for Evans shall notify Challenger and its counsel in writing of such default by sending written notice, which shall be deemed served if sent by overnight mail and/or electronic mail, at the address set out below, or the last address of such party as shall have been communicated to the other party. If a party changes its address, written notice thereof shall be given to the other party;

Challenger Powerboats, Inc.

300 Westlink Drive

Washington, MO 63090

Attn: CEO Laurie Phillips

lphillips@challengerpowerboats.com

with a copy to:

Carmody MacDonald P.C.

120 South Central Ave., Suite 1800

St. Louis, MO 63105

Attn: Kelley F. Farrell

kff@carmodymacdonald.com

(b)

Challenger shall have ten (10) calendar days to cure any such alleged default upon receipt of such notice. If such default is not cured within said ten (10) days, Evans may take any and all steps necessary to file the Consent Judgment and execute on the judgment balance due and owing after applying credit for all payment received.

10.

On or before January 28, 2008, Evans shall execute and cause to be filed a motion for dismissal of the claims in the Nevada Suit with prejudice with each party to bear its own attorneys’ fees, expenses and costs. The motion for dismissal of the Nevada Suit is attached hereto as Exhibit C.

11.

On or before January 28, 2008, Challenger and Evans shall execute and cause to be filed a joint motion for dismissal of the claims and counterclaims in the Missouri Suit with prejudice with each party to bear its own attorneys’ fees, expenses and costs. The motion for dismissal of the Missouri Suit is attached hereto as Exhibit D.

12.

No Admission of Liability. It is understood and agreed that this Settlement Agreement and this settlement is the compromise of disputed claims, and that the consideration given is not be construed as an admission of liability on the part of any party and that the parties hereto deny liability to each other and solely intend to avoid further litigation and further expense and uncertainty. Each party executing this Settlement Agreement further acknowledges and agrees that neither the execution of this Settlement Agreement, nor anything contained herein, in intended to be, nor shall be construed or deemed to be, for any purpose whatsoever, an admission by any party to any third person, whether or not a party hereto, of any liability of any kind or nature whatsoever. Each party executing this Settlement Agreement generally and specifically denies, disclaims, disavows, and rejects any such liability of any kind or nature whatsoever to any third person.

13.

Successors and Assigns. All of the provision in this Settlement Agreement apply to and bind each party executing this Settlement Agreement, its successors and assigns, and also apply to and bind all other persons, firms, corporations, associations, partnerships and entities in privity with or related to or affiliated with any party executing this Settlement Agreement, his or its successors or assigns.

14.

Non-Disparagement. Each of the parties hereto agrees that it shall not make any disparaging remarks regarding the other parties hereto.

15.

Confidentiality. The parties understand and agree that the terms and conditions of this Settlement Agreement are to be maintained by them in the strictest confidence. Except as required by law or necessary to enforce any rights or obligations hereunder, the parties agree not to disclose any of these matters to anyone other than their attorneys, accountants, the Internal Revenue Service, or state and federal agencies.

16.

Retention of other claims. It is expressly understood that the mutual releases contained in paragraph 4 hereof are solely and exclusively between Challenger and Evans and are not intended for the benefit of any other person or entity except as so stated therein.

17.

Acknowledgement. Each party executing this Settlement Agreement hereby acknowledges, declares, represents, warrants and agrees that:

(a)

He or it has had the benefit and advice of independent and competent legal counsel of his or its own selection in connection with this Settlement Agreement and that such legal counsel has fully explained to him or it the meaning of each and every paragraph, term and provision of this Settlement Agreement and the meaning and consequences of execution of this Settlement Agreement;

(b)

This Settlement Agreement is executed by each party without reliance upon any agreement, representation, promise, inducement or understanding of any kind or nature whatsoever, other than the promises and the performance of such promises described in this Settlement Agreement; and this Settlement Agreement sets forth the entire agreement and understanding, whether oral or written, between the parties; and

(c)

Each party executing this Settlement Agreement specifically acknowledges and agrees that this Settlement Agreement shall not be subject to any claim of mistake of fact; that it expresses a full and complete settlement; and that regardless of the adequacy or inadequacy of the consideration described herein, this Settlement Agreement is intended to avoid litigation and to be a final and complete settlement of Claims and Obligations for any and all purposes whatsoever, except for those expressly excluded in this Settlement Agreement.

18.

Signatures/Execution in Counterparts. This Settlement Agreement may be executed in multiple counterparts and, when taken together, shall constitute one and the same instrument. The facsimile signature of any party to this Settlement Agreement, is to be considered as an original signature, and the document transmitted is to be considered to have the same binding effect as an original signature on an original document. No party may raise the use of a facsimile machine or telecopier or the tact that any signature was transmitted through the use of a facsimile, telecopier machine, or electronic mail as a defense to the enforcement of this Agreement. However, each party will execute two originals to be exchanged with each other.

19.

Governing Law. This Settlement Agreement shall be governed by and interpreted under the internal laws of the State of Missouri and without regard to principles of conflicts of laws.

20.

Consent to Jurisdiction; Venue. Each party hereby irrevocably submits to the exclusive jurisdiction of the United States District Court for the Eastern District of Missouri, Eastern Division, or any court of the State of Missouri in St. Louis County, Missouri, in the sole instance where the Federal Court lacks subject matter jurisdiction, in any action, suit or proceeding arising out of or relating to this Settlement Agreement or any of the transactions contemplated hereby, and agrees that any such action, suit or proceeding shall be brought only in such court, provided, however, that such consent to jurisdiction is solely for the purpose referred to in this Section and shall not be deemed to be a general submission to the jurisdiction of said courts or in the State of Missouri other than for such purpose. Each party hereby irrevocably waives, to the fullest extent permitted by Law, any objection that is may now or hereafter have to the laying of the venue of any such action, suit or proceeding brought in such a court and any claim that any such action, suit or proceeding brought in such a court has been brought in an inconvenient forum.

21.

Acknowledgement of Authority. Each person executing this Settlement Agreement hereby represents and warrants that he is authorized to do so and by doing so to bind the party on whose behalf he signs this Settlement Agreement.

[Signature Page(s) to Follow]

THE UNDERSIGNED HAVE EACH READ THE FOREGOING SETTLEMENT AGREEMENT.

					
	 
	 
	 
	 

	 
	Challenger Powerboats, Inc. f/k/a Xtreme

	By::

	/s/Barrett Evans

	 
	Companies, Inc. and Marine Holdings, Inc.

	 
	Barrett Evans

	 
	d/b/a Challenger Offshore

	 
	 

	 
	 
	 
	AND

	By:

	/s/Laurie Phillips

	 
	 
	 

	 
	Laurie Phillips

	 
	eFund Small Cap Fund, L.P.

	 
	Chief Executive Officer, Challenger 

	 
	 

	 
	Powerboats, Inc.

	By::

	/s/Barrett Evans

	 
	 
	 
	Barrett Evans

	 
	 
	 
	 

	 
	 
	 
	AND

	 
	 
	 
	 

	 
	 
	 
	eFund Capital Partners, L.L.C. (“Evans”)

	 
	 
	 
	 

	 
	 
	By::

	/s/Barrett Evans

	 
	 
	 
	Barrett Evans

EXHIBIT A

Agreement

This Agreement (“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 Powerboarts, Inc. f/k/a Xtreme Companies, Inc. and Marine Holdings, Inc. d/b/a Challenger Offshore (collectively “Challenger”), Dutchess Capital Management, L.L.C., Dutchess Private Equities Fund, L.P., Dutchess Private Equities Fund II, L.P., and Dutchess Private Equities Fund, Ltd., and any affiliates, successors or predecessors thereof (collectively “Dutchess” or “the Dutchess Entities”), on the other hand.

Preliminary Statements

WHEREAS, Challenger and Evans have agreed to resolve the matters alleged and set forth in the claims and counterclaims contained in that certain suit entitled Challenger Powerboats, Inc., f/k/a Xtreme Companies, Inc., et al. v. Barrett Evans, United States District Court for the Eastern District of Missouri, Cause No. 07CV-0085-TIA (the “Missouri Suit”), as well as the matters alleged and set forth in the claims contained in that certain suit entitled eFund Small-Cap Fund, L.P., et al. v. Challenger Powerboats, Inc. f/k/a Xtreme Companies, Inc., United States District Court for the District of Nevada, Cause No. 3:07-CV-00550-LRH-RAM (the “Nevada Suit”);

WHEREAS, Dutchess, which is Challenger’s largest shareholder and creditor, desires to effectuate the resolution of those matters;

WHEREAS, Evans and Challenger have entered into that Settlement Agreement dated January 28, 2008, by and between Evans and Challenger (the “Settlement Agreement”) in order to resolve those matters;

WHEREAS, pursuant to that Settlement Agreement, Challenger is obligated to make various monthly payments to Evans;

WHEREAS, a material and negotiated provision of the Settlement Agreement was Evans’ requirement that Dutchess and Challenger enter into this Agreement.

Agreement

NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1.

Definitions. In additions to the terms defined in the body of this Agreement, the definitions applicable to this Agreement are those set forth in Exhibit 1, attached hereto and incorporated herein.

2.

Prohibition on Unequal Payment: Repayment of Excess. Commencing on the date first written above and continuing up through and to the date as of which Evans has, pursuant to the Settlement Agreement and this Agreement received from Challenger the sum total of FOUR HUNDRED EIGHTY-FIVE THOUSAND DOLLARS AND ZERO CENTS ($485,000.00), in any calendar month wherein Dutchess receives Excess Payment, Challenger shall, in addition to the Settlement Payment it must already make to Evans pursuant to the Settlement Agreement, pay to Evans an amount equal to the Excess for that calendar month (the “Required Excess Payment”) (but in no event shall the aggregate amount required to be paid to Evans in any calendar month by Challenger exceed the total of (a) the required Settlement Payment to be paid to Evans under the Settlement Agreement for such month, plus (b) the total amount of the Excess for that calendar month).

3.

Carry-Forward.  If in any calendar month Challenger makes payments to Evans in an amount greater than the aggregate amount of Distributions to Dutchess or the Dutchess Entities in such month, the difference shall be carried forward in succeeding months for purposes of determining (a) whether an Excess Payment has been made in any calendar month, and (b) the amount of the Excess, if any.  By way of illustration, if Challenger makes the required Settlement Payments to Evans of $100,000 on January 28, 2008, $25,000 on February 5, 2008, and $11,000 on March 1, 2008, but does not make any Distributions in January 2008 or February 2008 to Dutchess or the Dutchess Entities, then in March 2008, Challenger could make payments to Dutchess or the Dutchess Entities in an aggregate amount of up to $136,000 (consisting of the total of the $100,000 January payment, the $25,000 February payment and the $11,000 March payment), and no Excess Payment would be deemed to have occurred in the month of March, 2008.  The foregoing provision does not in any way alter or limit the obligation of Challenger to make the required Settlement Payments under the Settlement Agreement.

4.

Monthly Statements/Accounting.

(a)

In order to secure compliance with these payment requirements during the time in which this Agreement is in effect, Challenger shall provide notice to Evans, on or before the 15th of the month, of the amount of the Monthly Distributions Challenger made to Dutchess in the immediately preceding calendar month, if any such Monthly Distributions are made.

(b)

If Evans disputes the amount of any Distribution, Evans’ attorneys shall provide written notice thereof of the attorneys for Challenger.  With ten (10) business days of receipt of such notice, the attorneys for Evans shall be provided reasonable opportunity to review documentation substantiating the Distribution(s) in dispute at the offices of Challenger’s attorneys.

5.

Events of Default.  An “Event of Default” occurs if Challenger fails to comply with the provisions and obligations of Paragraphs 2 and/or 4 of this Agreement. Should an Event of Default occur, counsel for Evans shall notify Challenger and its counsel in writing of such Event of Default.  Challenger shall have ten (10) calendar days to cure any such alleged default upon receipt of such notice.  If Challenger fails to cure any such Event of Default within such time period, Evans may pursue against Challenger any or all of the remedies contemplated herein.  Challenger recognizes and agrees that the failure to cure any Event of Default under this Agreement shall constitute a default under the Settlement Agreement.

6.

Remedies.  Should Challenger fail to cure any Events of Default within the times specified herein for such cure, Evans shall have the right to exercise any one or more of the following remedies against Challenger:

(a)

To take any and all steps necessary to file the Consent Judgment that is Exhibit B to the Settlement Agreement and execute on the remaining balance due and owing after applying credit for all payments received;

(b)

To pursue against Challenger any other action available in law or equity available to Evans;

(c)

Evans acknowledges that this Agreement does not provide any remedy, including any other action available in law or equity, against Dutchess for a default by Challenger.

(d)

Remedies Cumulative.  The remedies in this Paragraph are cumulative to the extent permitted by law and may be exercised partially, concurrently or separately.  The exercise of one remedy shall not be deemed to preclude the exercise of any other remedy.  However, in no event shall Evans be entitled to a greater remedy from Challenger than $610,000 minus the sum total of payments to Evans.

7.

Joint Representations and Warranties.  In addition to any express agreements of the parties contained herein, the following constitute representations and warranties of the parties to each other:

(a)

Capacity and Power.  Each party has the legal power, right and authority or capacity, as applicable, to enter into this Agreement, and to consummate this Agreement and the transactions contemplated herein.

(b)

Authorization.  The individuals executing this Agreement on behalf of each party and the managers, members, partners, officers or trustees of each party, if any, have the legal power, right, and actual authority to bind each party to the terms and conditions of those documents.

(c)

Enforceability.  This Agreement shall and all other documents required to close this transaction are and will be valid, legally binding obligations of and enforceable against each party in accordance with their terms, subject only to applicable bankruptcy, insolvency, reorganization, moratorium laws or similar laws or equitable principles affecting or limiting the rights of contracting parties generally.

8.

Notices.  All notices, consents, approvals or other notifications required of the parties shall be in writing.  Any such notices shall be deemed served if sent by overnight mail and/or electronic mail, addressed to such other party, at the address set out below, or the last address of such party as shall have been communicated to the other parties.  If a party changes its address, written notice thereof shall be given to the other parties.

If to Evans:

EFund Capital Partners, LLC

211 E. Ocean Blvd., Suite 218

Long Beach, CA 90802

Attn:  Barrett Evans

with a copy to:

Armstrong Teasdale LLP

One Metropolitan Square, Suite 2600

211 North Broadway

St. Louis, MO 63102

Attn:  Daniel C. Nelson, Esq.

dnelson@armstrongteasdale.com

If to Challenger:

300 Westlink Drive

Washington, MO 63090

Attn:  CEO Laurie Phillips

lphillips@challengerpowerboats.com

with a copy to:

Carmody MacDonald P.C.

120 South Central Ave., Suite 1800

St. Louis, MO 63105

Attn:  Kelley F. Farrell

kff@carmodymacdonald.com

If to Dutchess:

1110 Rt. 55, Suite 206

Town Square

LaGrangeville, NY 12540

Attn:  Michael Novielli

With a copy to:

Carmody MacDonald P.C.

120 South Central Ave., Suite 1800

St. Louis, MO 63105

Attn:  Kelley F. Farrell

kff@carmodymacdonald.com

9.

Confidentiality.  The parties understand and agree that the terms and conditions of this Agreement are to be maintained by them in the strictest confidence.  Except as required by law or necessary to enforce any rights or obligations hereunder, the parties agree not to disclose any of these matters to anyone other than their attorneys, accountants, the Internal Revenue Service, or state and federal agencies.

10.

Entire Agreement.  This Agreement and the Settlement Agreement, which is incorporated herein, supersede all prior discussions and agreements between the parties with respect to the subject matter hereof and thereof between the parties, and contain the sole and entire agreement between the parties hereto with respect to the subject matter hereof.

11.

Attorneys’ Fees: Expenses.  Whether or not the transactions contemplated hereby are consummated, each party will pay its own costs and expenses incurred in connection with the negotiation, execution and closing of this Agreement and the transactions contemplated hereby.  In the event of the bringing of any action by a party hereto against another party hereunder by reason of any breach of any of the covenants, agreements or provisions on the part of the other party arising out of this Agreement, then in that event the prevailing party will be entitled to have the recovery of and from the other party all costs and expenses of the action, arbitration or suit, reasonable attorneys’ fees and any other professional fees resulting therefrom.

12.

Amendment.  This Agreement may be amended, supplemented or modified only by a written instrument duly executed by or on behalf of each party hereto.

13.

Headings.  The headings used in this Agreement have been inserted for convenience of reference only and do not define or limit the provisions hereof.

14.

Governing Law.  This Agreement shall be governed by and interpreted under the internal laws of the State of Missouri and without regard to principles of conflicts of laws.

15.

Consent to Jurisdiction: Venue.  Each party hereby irrevocably submits to the exclusive jurisdiction of the United States District Court for the Eastern District of Missouri, Eastern Division, or any court of the State of Missouri in St. Louis County, Missouri, in the sole instance where the Federal Court lacks subject matter jurisdiction, in any action, suit or proceeding arising out of or relating to this Agreement or any of the transactions contemplated hereby, and agrees that any such action, suit or proceeding shall be brought only in such court, provided, however, that such consent to jurisdiction is solely for the purpose referred to in this Section and shall not be deemed to be a general submission to the jurisdiction of said courts or in the State of Missouri other than for such purpose.  Each party hereby irrevocably waives, to the fullest extent permitted by Law, any objection that it may now or hereafter have to the laying of the venue of any such action, suit or proceeding brought in such a court and any claim that any such action, suit or proceeding brought in such a court has been brought in an inconvenient forum.

16.

Consideration.  Each party hereby acknowledges this Agreement is supported by valuable and sufficient consideration.  Specifically, Dutchess acknowledges its receipt of adequate consideration for its agreement to enter into this Agreement in order to effectuate the execution of the Settlement Agreement discussed herein.  As Dutchess is Challenger’s largest shareholder and creditor, Dutchess acknowledges the receipt of a material benefit by having Challenger resolve the disputes resolved by the Settlement Agreement.  Challenger acknowledges that, by agreeing to make Distributions in accordance with this Agreement, it has received the valuable and sufficient consideration of resolving the disputes discussed in the Settlement Agreement, and Challenger acknowledges that Evans would not have entered into the Settlement Agreement had Challenger and Dutchess not executed this Agreement.

17.

Severability.  If any provision of this Agreement is invalid or unenforceable, the balance of the Agreement shall remain in effect to the extent that the remaining provisions are not affected by such invalidity or unenforceability.

18.

Further Assurances.  The parties hereto shall each take as promptly as possible all such action as may be reasonably necessary or appropriate in order to effectuate the transactions contemplated hereunder, subject to the terms explicitly set out herein.

19.

Successors and Assigns.  All of the provisions in this Agreement apply to and bind each party executing this Agreement, its successors and assigns, and also apply to and bind all other persons, firms, corporations, associations, partnerships and entities in privity with or related to or affiliated with any party executing this Agreement, his or its successors and assigns.

20.

Attorney Representation.  In the negotiation, preparation and execution of this Agreement, each party has been represented by, or has been afforded the opportunity to consult with an attorney of such party’s own choosing prior to the execution of this Agreement and has been advised that it is in such party’s best interest to do so.  The parties have read this Agreement in its entirety and fully understand its terms and provisions.  The parties have executed this Agreement freely, voluntarily and without any coercion whatsoever, and they accept all terms, conditions and provisions hereof.

21.

Interpretation.  In the event of any ambiguity or question of intent or interpretation, this Agreement shall be construed as if drafted jointly by the parties and no presumption or burden of proof shall arise favoring or disfavoring either party by virtue of the extent to which either such party or its counsel participated in the drafting of any provision hereof or by virtue of the extent to which any such provision is inconsistent with any prior draft hereof.

22.

Signatures/Execution in Counterparts.  This Agreement may be executed in multiple counterparts and, when taken together, shall constitute one and the same instrument.  The facsimile signature of any party to this Agreement, is to be considered as an original signature, and the document transmitted is to be considered to have the same binding effect as an original signature on an original document.  No party may raise the use of a facsimile machine or telecopier or the fact that any signature was transmitted through the use of a facsimile, telecopier machine, or electronic mail as a defense to the enforcement of this Agreement.  However, each party will execute two originals to be exchanged with each other.

[Signature Page(s) To Follow]

23.

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

						
	Dutchess Capital Management, L.L.C.

	 
	 

	By:

	/s/ Michael Novielli

	 
	By:

	/s/ Barrett Evans

	 
	Michael Novielli

	 
	 
	Barrett Evans

	 
	 
	 
	 
	 

	 
	AND

	 
	 
	AND

	 
	 
	 
	 
	 

	Dutchess Private Equities Fund, L.P.

	 
	eFund Small Cap Fund, L.P.

	By:

	/s/ Michael Novielli

	 
	By:

	/s/ Barrett Evans

	 
	Michael Novielli

	 
	 
	Barrett Evans

	 
	 
	 
	 
	 

	 
	AND

	 
	 
	AND

	 
	 
	 
	 
	 

	Dutchess Private Equities Fund II, L.P

	 
	eFund Capital Partners, L.L.C. (“Evans”)

	By:

	/s/ Michael Novielli

	 
	By:

	/s/ Barrett Evans

	 
	Michael Novielli

	 
	 
	Barrett Evans

	 
	AND

	 
	 
	 

	 
	 
	 
	 
	 

	Dutchess Private Equities Fund, Ltd.

	 
	 

	By:

	/s/ Michael Novielli

	 
	 
	 

	 
	 
	 
	 
	 

	 
	AND

	 
	 
	 

	 
	 
	 
	 
	 

	Challenger Powerboats, Inc. f/k/a Xtreme Companies, Inc. and Marine Holdings, Inc. d/b/a Challenger Offshore

	 
	 
	 

	By:

	/s/ Laurie Phillips

	 
	 
	 

	 
	Laurie Phillips

	 
	 
	 

	 
	Chief Executive Officer, Challenger Powerboats, Inc.

	 
	 
	 

Exhibit 1 – Definitions

Definitions:

As used in this Agreement, the following terms shall have the meanings indicated:

A.

“On account of” means directly or indirectly arising out of, resulting from, connected with, based upon or in any manner related to, in the past, or at present, the subject to which the phrase refers.

B.

“Settlement Payment” means those individual monthly payments Challenger is obligated to pay to Evans pursuant to Paragraph 6 of the Settlement Agreement.

C.

“Distribution” means any value, remuneration, property, money, or other payment received by Dutchess or any of the Dutchess Entities from Challenger or from any other individual or entity on or for Challenger’s behalf, whether voluntarily or involuntarily made by Challenger. The meaning of “Distribution” shall include value, remuneration, property, money or other payment received by Dutchess or any of the Dutchess Entities which has derived from the sale of any asset that is or was owned, partially or wholly, by Challenger, whether such asset was sold or dispossessed from Challenger voluntarily or involuntarily.  The meaning of “Distribution” shall also include any value, remuneration, property, money or other payment received by Dutchess or any of the Dutchess Entities in any bankruptcy proceeding of Challenger Powerboats, Inc. f/k/a Xtreme Companies, Inc. and/or Marine Holdings, Inc. d/b/a Challenger Offshore and/or either of their successors or assigns.

D.

“Monthly Distributions” means the sum total of any and all Distribution(s) made to Dutchess or any of the Dutchess Entities in any calendar month.

E.

An “Excess Payment” occurs when, in any given calendar month, the Monthly Distributions have a monetary or fair market value greater than the Settlement Payment for that same calendar month; (but taking into account the provisions of Section 3 relating to amounts carried forward from prior months).

F.

“Excess”:  when an Excess Payment occurs, the “Excess” is the number that is equal to the Settlement Payment subtracted from the Monthly Distributions.

EXHIBIT B

UNITED STATES DISTRICT COURT

EASTERN DISTRICT OF MISSOURI

EASTERN DIVISION

BARRETT EVANS,

)

)

Plaintiff,

)

)

vs.

)

)

CHALLENGER POWERBOATS, INC. f/k/a

)

XTREME COMPANIES, INC.

)

)

Cause No.

and

)

)

MARINE HOLDINS, INC. d/b/a

)

CHALLENGER OFFSHORE

)

)

Defendants,

)

)

CONSENT JUDGMENT BETWEEN BARRETT EVANS AND DEFENDANTS

By consent, judgment is hereby entered in favor of Barrett Evans (“Evans”) and against Challenger Powerboats, Inc. f/k/a Xtreme Companies, Inc. and Marine Holdings, Inc. d/b/a Challenger Offshore (collectively “Challenger”), jointly and severally, as follows:

1.

Various disputes previously arose between Challenger on the one hand and Evans on the other. These included the initiation of two lawsuits, namely (a) Challenger Powerboats, Inc., f/k/a Xtreme Companies, Inc. et al. v. Barrett Evans, United States District Court for the Eastern District of Missouri, Cause No. 07CV-0085-TIA (the “Missouri Suit”) and (b) eFund Small-Cap Fund, L.P., et al. v. Challenger Powerboats, Inc. f/k/a Xtreme Companies, Inc., United States District Court for the District of Nevada, Cause No. 3:07-CV-00550-LRH-RAM (the “Nevada Suit”).

2.

In order to resolve the Missouri Suit and the Nevada Suit, Challenger and Evans entered into a Settlement Agreement dated January 28, 2008 (the “Settlement Agreement”) a true and accurate copy of which is attached hereto and incorporated herein as Exhibit 1 and filed under seal.

3.

The Settlement Agreement requires Challenger to pay to Evans the sum of $485,000 pursuant to a payment schedule set out in the Settlement Agreement.

4.

Paragraph 9 of the Settlement Agreement provides that, if Challenger breached the Settlement Agreement, subject to the applicable notice and cure periods, Evans would be entitled to entry of this Consent Judgment in the amount of $610,000 minus the sum total of all settlement payments by or on behalf of Challenger, paid to Evans on or after January 28, 2008 pursuant to the Settlement Agreement.

5.

The parties hereby irrevocably waive any right to trial by jury in this lawsuit.

6.

Judgment is hereby entered in favor of Evans and against Challenger Powerboats, Inc. f/k/a Xtreme Companies, Inc. and Marine Holdings, Inc. d/b/a/ Challenger Offshore (collectively “Challenger), jointly and severally, in the amount of $610,000.00 (Six Hundred Ten Thousand Dollars and Zero Cents) minus the sum total of all settlement payments by or on behalf of Challenger, paid to Evans on or after January 28, 2008 pursuant to the Settlement Agreement. Interest shall accrue on this amount at the judgment rate from the date of Challenger’s default of the Settlement Agreement.

7.

Judgment shall include reasonable attorney’s fees and other costs Evans incurs enforcing the Settlement Agreement on this Consent Judgment.

8.

Challenger agrees that the only issue to be resolved prior to the formal entry of judgment is the total amount of the judgment.

							
	CARMODY MACDONALD P.C

	 
	ARMSTRONG TEASDALE LLP

	 
	 
	 
	 
	 

	By:

	/s/ Kelley F. Farrell

	 
	By:

	/s/ Daniel C. Nelson

	 
	Gerard T. Carmody

	#2786

	 
	 
	Frank N. Gundlach

	#3291

	 
	Kelley F. Farrell

	#46929

	 
	 
	Daniel C. Nelson

	#27643

	 
	Kameron W. Murphy

	#533459

	 
	 
	Brent M. Covington

	#517863

	 
	120 South Central Ave., Suite 1800

	 
	 
	One Metropolitan Square, Suite 2600

	 
	St. Louis, MO 63105

	 
	 
	St. Louis, MO 63102-2740

	 
	(314) 854-8600

	 
	 
	(314) 621-5070

	 
	(314) 854-8660

	 
	 
	(314) 621-5065 (facsimile)

					
	 
	ATTORNEYS FOR CHALLENGER POWERBOATS, INC. AND MARINE HOLDINGS, INC.

	 
	 
	ATTORNEYS FRO BARRETT EVANS

	 
	AND

	 
	 
	AND

	 
	Challenger Powerboards, Inc. f/k/a Xtreme Companies, Inc. and Marine Holdings, Inc. d/b/a Challenger Offshore

	 
	 
	 

	By:

	/s/ Laurie Phillips

	 
	By:

	/s/ Barrett Evans

	 
	Laurie Phillips

	 
	 
	Barrett Evans

	 
	Chief Executive Officer, Challenger Powerboats, Inc.

	 
	 
	 

							
	 
	Entered:

	 
	200_

	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	Honorable

	 

EXHIBIT C

UNITED STATES DISTRICT COURT

DISTRICT OF NEVADA

EFUND SMALL-CAP FUND. L.P., and

)

EFUND CAPITAL PARTNERS, L.L.C.,

)

)

Plaintiffs,

)

)

Case No. 3:07-CV-00550-LRH-RAM

vs.

)

)

CHALLENGER POWERBOATS INC.,

)

f/k/a XTREME COMPANIES, INC.

)

)

Defendant.

)

---------------------------------------------------------------------- )

NOTICE OF DISMISSAL WITH PREJUDICE

COME NOW Plaintiffs eFund Capital Partners, L.L.C. and eFund Small-Cap Fund, L.P., by and through their counsel, Armstrong Teasdale, LLP, and pursuant to Federal Rule of Civil Procedure 41(a)(1)(A)(i), dismiss all claims in the above-referenced case with prejudice.

					
	 
	 
	Respectfully submitted,

	 
	 
	ARMSTRONG TEASDALE, LLP

	 
	 
	 
	 
	 

	 
	 
	By:

	/s/ 

	 

	 
	 
	 
	Richard G. Campbell, Jr., Nevada Bar No.: 1832

	 
	 
	 
	Lance P. Maiss, Nevada Bar No.: 4683

	 
	 
	 
	50 West Liberty Street, Suite 950

	 
	 
	 
	Reno, Nevada 89501

	 
	 
	 
	Telephone No.: (775) 322-7400

CERTIFICATE OF SERVICE

The undersigned certifies that a true and accurate copy of the foregoing was placed in the U.S. Mail, postage prepaid on the _______ day of _________________, 2008, to the following:

Gerard T. Carmody

Kelley F. Farrell

Kameron W. Murphy

Carmody MacDonald P.C.

120 South Central Ave., Suite 1800

St. Louis, Missouri  63105

(314) 854-8600

(314) 854-8660 (facsimile)

Attorneys for Defendant

Challenger Powerboats, Inc.

EXHIBIT D

UNITED STATES DISTRICT COURT

EASTERN DISTRICT OF MISSOURI

EASTERN DIVISION

CHALLENGER POWERBOATS INC.,

)

f/k/a XTREME COMPANIES, INC.

)

)

And

)

)

MARINE HOLDINGS, INC

)

d/b/a CHALLENGER OFFSHORE,

)

)

Plaintiffs,

)

)

Case No.: 4:7-CV-00085-TIA

vs.

)

)

BARRETT EVANS,

)

)

Defendant.

)

-----------------------------------------------------------------------)

BARRETT EVANS,

)

)

Counterclaim Plaintiff,

)

)

vs.

)

)

CHALLENGER POWERBOATS, INC.,

)

f/k/a XTREME COMPANIES, INC.

)

)

Counterclaim Defendant.

)

JOINT STIPULATION FOR DISMISSAL OF ALL CLAIMS WITH PREJUDICE

COME NOW Challenger Powerboats, Inc., Marine Holdings, Inc. and Barrett Evans, pursuant to Federal 

Rule of Civil Procedure 41(a)(1)(A)(ii), and dismiss all claims in the above-referenced case with prejudice.

			
	 
	 
	Respectfully submitted,

					
	 
	 
	CARMODY MACDONALD P.C

	 
	 
	 
	 
	 

	 
	 
	By:

	/s/ Kelley F. Farrell

	 

	 
	 
	 
	Gerard T. Carmody, E.D. #2786

	 
	 
	 
	Kelley F. Farrell, E.D. #46929 

	 
	 
	 
	Kameron W. Murphy, E.D. #533459

	 
	 
	 
	120 South Central Ave., Suite 1800

	 
	 
	 
	St. Louis, Missouri 63105

	 
	 
	 
	(314) 854-8600

	 
	 
	 
	(314) 854-8660 (facsimile)

	 
	 
	 
	gtc@carmodymacdonald.com

	 
	 
	 
	kff@carmodymacdonald.com

	 
	 
	 
	kwm@carmodymacdonald.com

				
	 
	 
	 
	Attorneys for Plaintiffs Challenger Powerboats, Inc., f/k/a Xtreme Companies, Inc., and Marine Holdings, Inc., d/b/a Challenger Offshore

					
	 
	 
	ARMSTRONG TEASDALE LLP

	 
	 
	 
	 
	 

	 
	 
	By:

	/s/ Daniel C. Nelson

	 

	 
	 
	 
	Frank N. Gundlach  #3291

	 
	 
	 
	Daniel C. Nelson  #27643

	 
	 
	 
	Brent M. Covington  #517863

	 
	 
	 
	One Metropolitan Square, Suite 2600

	 
	 
	 
	St. Louis, Missouri 63102-2740

	 
	 
	 
	(314) 621-5070

	 
	 
	 
	(314) 621-5065 (facsimile)

	 
	 
	 
	fgundlach@armstrongteasdale.com

	 
	 
	 
	dnelson@armstrongteasdale.com

	 
	 
	 
	bcoyington@armstrongteasdale.com

				
	 
	 
	 
	Anthony Murray

	 
	 
	 
	Patrick N. Downes

	 
	 
	 
	LOEB & LOEB

	 
	 
	 
	10100 Santa Monica Blvd., Ste. 2200

	 
	 
	 
	Los Angeles, CA 90067-4120

				
	 
	 
	 
	Attorneys for Defendant Barrett Evans

CERTIFICATE OF SERVICE

The undersigned hereby certifies that a true and correct copy of the foregoing was served via the CM/ECF e-mail on this ____ day of __________________, 2008, to the following:

Frank N. Gundlach

Daniel C. Nelson

Brent M. Covington

ARMSTRONG TEASDALE LLP

One Metropolitan Square, Ste. 2600

St. Louis, Missouri 63102-2740

(314) 621-5070

(314) 621-5065 (facsimile)

fgundlach@armstrongteasdale.com

dnelson@armstrongteasdale.com

bcoyington@armstrongteasdale.com

Attorneys for Defendant Barrett Evans

The undersigned hereby certifies that a true and correct copy of the foregoing was served via first-class mail, postage prepaid, on this ____ day of __________________, 2008, to the following:

Anthony Murray

Patrick N. Downess

LOEB & LOEB

10100 Santa Monica Blvd., Ste. 2200

Los Angeles, CA 90067-4120

Attorneys for Defendant Barrett Evans

					
	 
	 
	By:

	/s/ Kelley F. Farrell

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