RMG1 Deal Memo - APBA Offshore Racing, LLC. Richard Mann Group was with me at BigKahuna Productions in Maui, when I was elected as VP Television, I had Richard join us to do the APBA Offshore Racing, LLC. show for the SPEED Channel. He did an awesome job. Cash flow was a problem...

1. AGREEMENT
The following shall serve as the understanding and agreement between The
Richard Mann Group (RMG) and the American Power Boat Association (APBA)
regarding the development and production of multiple television and video
programs to be described below.
RMG is a California based corporation that is in the business of developing and
producing entertainment and cooperate media for the worldwide market place.
APBA is a Florida based company that is sanctioned and governs and controls
certain rights relative to powerboat racing and associated activities in the Untied
States.
This agreement shall forth a plan to create specific television and video programs
developed and designed to promote and market the APBA in the domestic and
international market place.
The following represents the understanding and agreement:
1. RMG will develop and create a variety of television and video
programs. The lengths and formats being;
a. One sixty-minute (format and content to be mutually agreed
upon and defined in additional documents)
b. One sixty-minute (format and content to be mutually agreed
upon and defined in additional documents)
c. One thirty-minute (format and content to be mutually agreed
upon and defined in additional documents)
d. One seven-minute (format and content to be mutually agreed
upon and defined in additional documents)
e. One 90-second (format and content to be mutually agreed upon
and defined in additional documents)
2. RMG will be given access to all of the APBA video and photo archives
with the goal of reviewing and editing the materials into useable
formats for use within the above-mentioned programs.
3. RMG will plan the pre-production, production and post-
production/delivery of all agreed upon materials and programs.
4. RMG will supply all creative and technical personnel to produce and
complete the agreed upon programs.
5. RMG will provide all technical equipment to complete and deliver all
agreed upon programs and elements.
6. RMG will consult and collaborate with APBA directors and key
personnel to determine all appropriate format and content issues.
7. RMG will consult and assist in the advertising and media placement of
the completed programs.

2. 8. RMG will provide all necessary production related insurance.
9. RMG will delver all materials within a mutually approved time frame, to
be determined and agreed to.
10. APBA will grant access and appropriate rights to RMG for all approved
materials relative to the above-mentioned programs.
11. APBA will consult with and assist RMG in the scheduling and
facilitation of interviews with key members and sponsors for use within
the programs.
12. APBA will consult with and assist RMG with access to appropriate
events and activities that may be recorded for use within the programs.
13. APBA will agree to give timely consultation and approvals for all
necessary elements to help insure proper delivery of scheduled
materials.
The current proposed schedule is for the writing and production activities to begin
April 6, 2002 and programs to begin delivery June 14, 2002; all programs to be
delivered by June 29, 2002.
The current budget (attached) is $150,000 US.
The payments and cash flow will be as follows:
1. 30% upon the execution of this agreement ($45,000)
2. 30% on or before the first day of location or studio production
($45,000)
3. 20% upon the delivery, and acceptance of the first approved program
($30,000)
4. 20% upon the delivery and acceptance of the last program ($30,000)
Please indicate the understanding and acceptance of this terms and conditions
by signing below.
Thank You.
____________________________________ Date: ___________________
Richard Mann
RMG
____________________________________ Date: ___________________
Gordon Kraft / Michael Allwiess
APBA