AVEW Holdings Inc. (AVEW)

[cappttenron]

7. Palmer Equipment has defaulted on its obligations under the Master Lease Agreement
and Schedules P001 and P001 in that it has failed to pay the installment due April 27, 2008 and
May 27, 2008 on Schedule P001 and April 21, 2008 and May 21, 2008 on Schedule P002.
Palmer Equipment has also defaulted on the payment of late fees payable as a result of these and
prior defaults.

THIS IS THE PROBLEM FOR THOSE WHO DIDNT READ IT ALL. imo