Grail Investment Corp. Watch

from S-1/A 2 pages Addendum No. 1 to Stock Purchase Agreement, Dated as of May 23, 2008 (This “Addendum”), by and Between Grail Investment Corp., a Delaware Corporation (The “Company”), and Grail Chalice Spac Holdings LLC (“Purchaser”). Introduction

from S-1/A 4 pages Form of Idemnification Agreement

from S-1/A 19 pages Registration Rights Agreement

from S-1/A 2 pages Grail Investment Corp. , 2008

from S-1/A 13 pages Investment Management Trust Agreement

from S-1 7 pages Stock Purchase Agreement, Dated as of December 28, 2007 (This “Agreement”), by and Between Grail Investment Corp., a Delaware Corporation (The “Company”), and Grail Chalice Spac Holdings LLC (“Purchaser”). Introduction Purchaser Wishes to Purchase From the Company 5,750,000 Shares of the Company’s Common Stock, Par Value $0.0001 Per Share (The “Shares”), on the Terms and Subject to the Conditions Set Forth in This Agreement. the Company Wishes to Sell the Shares to Purchaser on the Terms and Subject to the Conditions Set Forth in This Agreement. in Consideration of the Premises and the Mutual Covenants and Agreements Contained in This Agreement, the Parties Hereto Agree as Follows

from S-1 6 pages Introduction

from S-1 3 pages Promissory Note