SUPER LUBRICANTS
EXHIBIT 10.15
CONFIDENTIAL PORTIONS OMITTED
SPONSORSHIP LETTER OF INTENT
This document shall represent a letter of mutual intent entered between Prolong
Super Lubricants, Inc. and Xxx Xxxxxxxx dba Nemco Motorsports. It is further
agreed that this document shall serve as an interim binding agreement, with a
complete and formal contract accurately reflecting the terms herein forthcoming.
It is agreed that Prolong Super Lubricants shall be an associate sponsor for Xxx
Xxxxxxxx/Nemco Motorsports up to fifteen (15) 1998 NASCAR Xxxxx Grand National
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events.
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In exchange for the above, the following is further agreed:
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Prolong Super Lubricants to provide:
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. $[ * ] payable in two (2) installments
. $[ * ] (retail value) in Prolong Super Lubricants products
. Performance bonus for race finishes in positions One through Three.
NOTE: Monetary terms negotiable, to be mutually determined
Xxx Xxxxxxxx/Nemco Motorsports to provide:
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. Logo signage in area behind door and in front of rear tire opening, both sides
of car
. Color logo signage in one (1) other location (rear spoiler or other, TBD)
. Driver and team uniform logo identity
. One (1) free personal appearance, additionals, if any, @ $[ * ]
. Logo identity on dashboard visible to in-car camera (if applicable)
. Right to feature driver, race car likeness in Prolong Super Lubricants
advertisements
. Prolong logo identity on team transporter, pit equipment
/s/ Xxxxx Xxxxx /s/ Xxx Xxxxxxxx 2-13-97
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Xxxxx Xxxxx, Prolong Super Xxx Xxxxxxx, Nemco Date
Lubricants Motorsports
Vice President, Motorsports Owner/Driver
Xxx Xxxxxxxx
Xxxxx Xxxxxx
Crew Chief
P.O. Box 177
Mooresville, NC 28115 Shipping Address
(000) 000-0000 S. Iredell Ind. Park Rd. #7
FAX (000) 000-0000 Mooresville, NC 28115
6 XXXXXX XXXXXX, CA 92618 PHONE: 000-000-0000 FAX: 000-000-0000
* CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH
THE COMMISSION.
