APBA Offshore - Khaman Holdings Plan

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APBA Offshore Events – Produces and was established to produce in the future, several different Offshore controlled events such as offshore powerboat races, boatshows, poker runs, speed record runs, endurance runs, and offshore fishing tournaments. APBA Offshore Television – Produces the television programs of Offshore sanctioned or produced events and manages Offshore’s programming and broadcast rights and properties. APBA Offshore Internet – Produces and maintains Offshore’s website and related video and audio broadcasts of Offshore sanctioned/produced events. APBA Offshore Sales and Marketing – Develops, implements and manages all sales/ marketing programs for Offshore, its affiliates and divisions excluding membership products and services. APBA Offshore Membership Products and Services – Develops, implements and manages Offshore’s racing and non-racing membership programs. APBA Offshore Licensing – Develops, implements and manages all licensing relationships for Offshore including merchandising and apparel but excluding racing and marine performance related products and services. Certified Racing Equipment – Administers the technical rulemaking and enforcement programs for Offshore’s racing activities, and also administers the sales and licensing of “APBA Offshore Proven” marine related products and services to race teams and outside third party vendors of boats and marine related products and services. This is a separate Florida corporation that holds a license from Offshore to perform its functions.

Management Executive Management Offshore’s executive management staff consists of the following individuals: Michael Allweiss – Mr. Allweiss, 39, is the Chairman/CEO of Offshore and manages every facet of the company’s day to day activities and is responsible for the formulation and implementation of the company’s strategic plan. He became Chairman of the Category in 1999 and then succeeded to his current position when Offshore was formed in 2000. He has served as a member of the Category governing board as well as legal counsel for the Category. He has also served on APBA’s national legal committee and currently serves on APBA’s national board of directors. He is an accomplished racer as 10


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