Document:

<PAGE>

[Confidential treatment is being sought for certain portions of this Exhibit, as
indicated by a "[*]" symbol and footnoted as "omitted pursuant to Rule 406."
such omitted portions have been filed with the Securities and Exchange
Commission.]

                                                                   Exhibit 10.29

                             SPONSORSHIP AGREEMENT
                             ---------------------

     THIS SPONSORSHIP AGREEMENT (hereinafter the "Agreement) is made and entered
into this 15 day of February, 2000, by and between SABCO RACING, INC., a North
Carolina corporation with a place of business in Iredell County, North Carolina
(hereinafter Sabco), and Prolong Super Lubricants of  Irvine, California
(hereinafter to be referred to as "Prolong");

                             W I T N E S S E T H:

     WHEREAS, Sabco is engaged in the business of operating NASCAR Winston Cup
and Busch Grand National Series race cars and wishes to provide advertising
space and advertising, promotional and marketing assistance to Prolong; and

    WHEREAS, Prolong desires to become an associate sponsor on two of the Sabco
entries during the 2000 NASCAR Winston Cup and Busch Grand National Series
racing season.  These entries shall mean the Sabco No. 40, all NASCAR Winston
Cup Series races during this period; the Sabco No. 42, all NASCAR Busch Grand
National Series races during this period; Prolong shall use its sponsorship of
the Sabco entries for advertising, promoting and marketing itself.

    WHEREAS, the parties desire to set forth in this Agreement their respective
rights and obligations;

    NOW, THEREFORE, in consideration of the mutual promises and agreements set
forth herein, and for other good and valuable consideration, the parties hereto
agree as follows:

     1.   Term.  The term of this Agreement shall commence with the first race
          ----
of the 2000 Winston Cup and Busch Grand National season and shall continue until
the final race of the year-2000 racing season.

     2.   Services to be provided by Sabco.  Sabco shall perform the following
          --------------------------------
services for Prolong during the term hereof:

     a.   Drivers.  The driver for the 34 Winston Cup events to be held during
          -------
          the 2000 season in which Prolong is an associate sponsor shall be
          Sterling Marlin (40) and the driver of the 16 Busch Grand National
          events to be held during the 2000 season in which Prolong is an
          associate sponsor shall be Kenny Irwin (42), unless due to injury or
          for some unforeseeable reason, either is unable to drive, in which
          event Sabco shall choose a substitute driver to drive their respective
          Sabco/Prolong-sponsored entry.  For the duration of this agreement,
          Sabco reserves the right to substitute or replace any of the
          aforementioned drivers listed without prior notice to Prolong or prior
          approval from Prolong.

                                       1
<PAGE>

     b.   Decal location.  Sabco will designate Prolong as an associate sponsor
          ---------------
          on its No. 40 Winston Cup race car in the aforementioned 34 events and
          on its No. 42 Busch Grand National race car in the aforementioned 16
          events.  Sabco shall cause each car to be painted with paint schemes
          approved by each's primary sponsor and shall cause to display Prolong
          associate sponsor decal signage.  Signage on the No. 40 Winston Cup
          race car shall be placed upon the C-Post.  Signage on the No. 42 Busch
          Grand National race car shall be displayed on the rear quarter panel
          (between car number and rear tire; both sides of car).  In addition,
          Sabco shall provide, driver, pit crew, team uniforms, team pit
          equipment, team race car transporter, show car and show car
          transporter bearing prominent Prolong associate sponsor identification
          as well as team pit equipment with size and placement commensurate
          with level of sponsorship.  On the driver and crew uniforms of the No.
          40 Winston Cup car, the logo shall be on the right chest of each
          uniform.   On the driver and crew uniforms of the No. 42 Busch Grand
          National car, the logo shall be on the left sleeve of each uniform.

     c.   Race Credentials
          ----------------

          (i)    Prolong will receive two (2) "hard card" Annuals for the 2000
                 season
          (ii)   Prolong shall receive four (4) sponsor credentials, upon
                 availability
          (iii)  Prolong shall receive four (4) suite passes to each of the
                 Charlotte races
          (iv)   Hospitality and tickets will be made available to the
                 particular races requested but will be billed to Prolong at
                 SABCO's cost with no mark-up

     3.   Driver Appearances.  Sabco shall provide unto Prolong three (3)
          ------------------
aggregate driver appearances of Sterling Marlin at no fee.  Prolong shall be
responsible for all first class travel expenses relating to the driver
appearance, i.e. hotel, airfare, meals, etc.  Additional appearances by Sabco
driver shall be at the discounted rate of [*] ($[*]) Dollars per day per driver,
plus expenses.

          Sabco shall further provide the services of each driver for one free
day for commercial use (up to six hours each) for still photo shoot, TV and
radio/commercial production.  Prolong shall be responsible for all first class
travel expenses relating to each driver appearance, i.e. hotel, airfare, meals,
etc.

          Both Sabco drivers, while under contract with Team SABCO, shall allow
their likeness, voice, picture and signature to be used for commercial purposes
endorsing Prolong at no additional costs during the term of this agreement.

    4.    Compensation.  Prolong agrees to pay unto Sabco the sum ($[*]) for
          ------------
services to be provided by Sabco for the 2000 season. This sponsorship fee of
$[*] shall be paid to Sabco in the following installments: four equal
installments of $[*] to be paid on 2/15/00, 5/15/00, 8/15/00 and 10/15/00.

          Incremental Sales Incentive.  Sponsor shall also participate with
          ----------------------------
team in certain Incremental Sales programs. Sponsor further agrees to compensate
team for team's assistance in developing incremental sales of sponsor's
products. Unless the parties agree otherwise in a writing executed by them,
sponsor shall pay team [*] for distribution in new sponsor accounts.

     5.   Show Car.  Sabco agrees to provide at no expense to Prolong for its
          --------
use in promoting its sponsorship, five (5) free show car appearance days whereas
Prolong can deem which of the Sabco show cars to use.  This shall mean that
Prolong may schedule any combination of Sabco's two show cars (based on
availability) not to exceed a total of five show days (travel days are
considered a "show date").  Sabco will provide transportation of show car and
will provide an attendant to stay with the car during its display period.  For
any show car appearance requested by Prolong over and above the five (5) free
appearances, Sabco will make available unto Prolong a show car at a discounted
rate of [*] Dollars ($[*]) per day. All travel days to and from the site of a
show car appearance, as well as the actual day upon which show car is on display
will be charged as a "show date". It is further understood that the parties will
agree in advance upon a schedule of places and events for the show car to be
displayed at such times as will not interfere with Sabco's racing schedule.

                                       2
<PAGE>

     6.   Media, Public Relations and Sponsor Communications.  Sabco will use
          --------------------------------------------------
its best efforts to obtain favorable exposure for Prolong and will be available
to assist Prolong with public relations activities to a reasonable extent. This
shall include making members of Sabco available for media interviews, press
conferences or other public relations activity, as reasonably requested by
Prolong, at or near race sites on dates Sabco is at race sites pursuant to their
obligations hereunder. Sabco shall provide at its expense a staff member to
handle race team's media and public relations needs and shall cause Prolong to
receive prominent mention and display within press kits featuring the Sabco No.
40 Winston Cup and No. 42 Busch Grand National race cars. Sabco shall fax to
Prolong officers on the Monday following the race, race results and a summary of
the prior weekend activities.

     7.   Confidentiality.  During and after the term of this Agreement, each
          ---------------
party hereto, its employees and agents agree not to disclose any business
results, trade practices or other business information of the other party, its
employees or agents, which they may learn as a result of the performance of this
Agreement.

     8.   Indemnification.
          ---------------

          a.    Sabco shall indemnify, defend and hold harmless Prolong, its
                officers, directors, employees and representatives from and
                against any and all losses, claims, suits, damages, liabilities,
                costs and expenses, including attorney fees and court costs
                incurred by any of them arising out of:

          (i)   Any breach of any warranty made by Sabco herein;
          (ii)  Any acts done or words spoken
          (iii) Any claims by any persons arising from acts or omissions of any
                nature by Sabco, its employees or agents, including but not
                limited to, claims arising during the court of competition or
                practice in the performance of this Agreement.

          b.    Prolong shall indemnify, defend and hold harmless Sabco, its
                officers, directors, employees and representatives, from and
                against any and all losses, claims, suits, damages, liabilities,
                costs and expenses, including attorney fees and court costs
                incurred by any of them, arising out of:

          (i)   The use of any logo, design or materials furnished to Sabco by
                Prolong hereunder;
          (ii)  Any breach of any warranty made by Prolong herein;
          (iii) Any acts done or words spoken by Prolong, its officers,
                directors, agents, employees and representatives;
          (iv)  Any claims by any persons arising from acts of omissions of any
                nature by Prolong, its officers, directors, agents, employees or
                representatives, including, but not limited to, claims arising
                under any product liability theory with respect to Prolong's
                products.

     9.   Nature of Relationship.  The parties expressly acknowledge and agree
          ------ -- ------------
that Sabco is acting as an independent contractor.  Each party is responsible
for all taxes relating to its operation, including payroll taxes for its
employees, and nothing in this Agreement is intended to create a relationship,
express or implied, of employer-employee between Sabco and Prolong.  Except as
expressly authorized herein, neither party may contract for or otherwise
obligate the other party without the party's prior express written consent.

     10.  Insurance.  Sabco shall provide at its expense and maintain throughout
          ---------
the term of this Agreement and any option period spectator liability insurance
in an amount not less than $1 million single limit coverage with respect to any
liability relating to the activities of Sabco in the performance of this
Agreement.  Sabco shall, within 90 days of the execution of this Agreement,
supply Prolong with a copy of such policy of insurance or a certificate thereof,
and such policies shall be cancelable only upon 10 days written notice to
Prolong.

                                       3
<PAGE>

     11.  Notices, Statements and Payments.  All notices, statements and
          --------------------------------
payments required under this Agreement shall be sent to the parties at the
following addresses:

SABCO RACING, INC.                                PROLONG SUPER LUBRICANTS
114 Meadow Hill Circle                            6 Thomas
Mooresville, North Carolina 28117                 Irvine, California  92618
Attn.: Armando Fitz                               Attn.: Bob Abdellah
Tel.:  704/662-9642                               Tel.: 949/587-2700

     All notices, statements and payments shall be deemed delivered when
deposited in the United States mail postage prepaid, when hand delivered if
delivered personally, when telecopied if the sender's telecopier confirms
transmission (with respect to notices and statements) or when wire transferred
in federal funds (with respect to payments).

     12.  Waivers.  A waiver of any provision of this Agreement shall be
          -------
enforceable only if the waiver is in writing signed by the party against whom
the waiver is sought to be enforced.  A failure by a party at any time to
exercise any rights hereunder shall not constitute a waiver of such rights at
another time.

     13.  Entire Agreement.  This Agreement contains the entire agreement and
          ----------------
understanding between the parties with respect to the subject matter hereof and
supersedes all prior written or oral agreements between them with respect to the
subject matter hereof.

     14.  Assignment.  This Agreement may not be assigned by either party
          ----------
without the prior written consent of the other party.

     15.  Significance of Headings.  Paragraph headings contained herein are
          ------------------------
solely for the purpose of aiding the speedy location of subject matter and are
not in any sense to be given weight in the construction of this Agreement.
Accordingly, in case of any question with respect to the construction of this
Agreement, it is to be construed as though paragraph headings had been omitted.

     16.  Governing Law, Jurisdiction and Venue.  This Agreement shall be
          -------------------------------------
governed by and construed in accordance with the substantive laws of the State
of North Carolina.  The parties hereto hereby submit to jurisdiction and venue
in any state or federal court located in North Carolina as well as any other
jurisdiction having venue and competent jurisdiction of any law suit arising out
of or relating to this Agreement; provided, however, if any proceedings are
instituted in a jurisdiction other than North Carolina, any party may remove
such proceeding to any State or Federal Court in North Carolina.

     17.  Further Execution; Cooperation.  The parties agree to execute and
          ------------------------------
deliver such further agreements, instruments and other documents as the other
party may reasonably deem necessary to effectuate the purposes and provisions of
this Agreement.  The parties further agree to cooperate with each other in any
manner reasonably requested by the other party to effectuate the purposes and
provisions of this Agreement.

     18.  Counterparts.  This Agreement may be executed in counterparts and the
          ------------
signature page of any party, and photocopies and facsimiles thereof, may be
appended to any counterpart and when so appended shall constitute an original
signature.

                                       4
<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed by their duly elected officers as of the day and year first above
written.

                                    SABCO RACING, INC.

                                    BY: /s/ Armando Fitz
                                       -----------------------------------
                                            Armando Fitz, VP Operations

                                    PROLONG SUPER LUBRICANTS

                                    BY: /s/ Thomas C. Billstein
                                       ------------------------------------
                                            Thomas C. Billstein
                                            Executive Vice President

                                       5<PAGE>

[Confidential treatment is being sought for certain portions of this Exhibit, as
indicated by a "[*]" symbol and footnoted as "omitted pursuant to Rule 406."
Such omitted portions have been filed with the Securities and Exchange
Commission.]

                                                                   EXHIBIT 10.30

                             SPONSORSHIP AGREEMENT

     This Agreement is entered into as of this 10 day of March 2000 by and
between Prolong Super Lubricants, Inc., a Nevada corporation, (hereinafter
referred to as "Prolong", with a principal office at 6 Thomas, Irvine, CA,
92618, and Galles/ECR Racing, LLC, with a principal office at 1300 Lomas Blvd.,
NE, Albuquerque, NM 87102 (hereinafter "Galles/ECR").

     WHEREAS, Galles/ECR represents that it owns sufficient equipment and has
retained all necessary personnel to enter a Indy Racing League (IRL) race
vehicle in and compete in all such 2000 events.

     WHEREAS, Sponsor is engaged in the business of formulating, producing and
selling lubricants and car care appearance products, which Galles/ECR intends to
use in its race vehicles.

     WHEREAS, the parties desire to enter into an agreement under which Prolong
will agree to provide support for race vehicles owned by Galles/ECR and an
affiliated race Galles/ECR in 2000 racing events.

1.   Sponsorship.  Galles/ECR hereby grants Prolong an associate sponsorship and
     -----------
     promotional rights for the Driver, subject to Prolong getting approval from
     Driver's attorney, Galles/ECR, race cars and support vehicles, all as more
     fully provided in this Agreement.

2.   Racing Obligations.  Galles/ECR represents and warrants that it owns
     ------------------
     sufficient equipment, has retained or will retain the services of personnel
     to perform and hereby covenants to perform the following racing
     responsibilities:

     a)   Galles/ECR shall own and make available one or more race vehicles to
     compete in the Racing Events herein defined, and shall provide garage,
     repair and storage facilities for the Race Car.

     b)   Galles/ECR shall provide all parts, accessories, equipment, trailers
     and transporters necessary to enter all Racing Events, and shall service,
     maintain and repair the Race Cars so that they are in good condition and
     repair suitable for use in all Races.

     c)   Galles/ECR will retain the services, for all Racing Events throughout
     the term of this Agreement, personnel necessary to enter all Races.

     d)   Galles/ECR will carry Prolong advertising prominently displayed on the
     competitive vehicle mentioned in the first paragraph of this Agreement.
     Three (3) decals shall be
<PAGE>

                                                                   Exhibit 10.30

     displayed on the vehicle; one (1) on the nose of the vehicle and one (1) on
     each side of the vehicle on the mirrors (Dimensions and location of race
     car decals are a follows: Nose 4 1/4" by 1 1/2"; Mirrors, both sides 3 1/2"
     by 1 1/2".) Prolong patches will be worn by the driver, the team members,
     and the crew on the fire suits and crew shirts in lower center "back" in
     Prolong graphics and colors (dimensions as provided by Prolong). Prolong
     identification will be displayed on both sides of the vehicle transporter
     (dimensions 30" by 8") and on the scoring stand (dimensions 12" x 3").
     Prolong will supply patches and decals to Galles/ECR. All dimensions are
     approximate. Should it elect to do so, Prolong reserves the right to
     allocate a portion of its signage space to another entity, providing prior
     approval by Galles/ECR.

     e) Galles/ECR shall provide crew and driver uniforms which feature Prolong
     identification and shall require the Driver and all crew members to wear
     such uniforms during all races, and during qualifying and practice runs on
     Saturdays and Sundays of race weekends. No identification or logos shall
     appear on the Driver or crew uniforms that conflict with Prolong Super
     Lubricants. For the year 2000, Prolong will be placed on the Driver and
     crew uniforms.

     f)   Galles/ECR shall enter, use their best efforts to qualify in and race
     the Race Car in each 2000 Racing Event.

3.   Promotional Responsibilities of Galles/ECR.  Galles/ECR and its employees
     ------------------------------------------
     shall provide the following promotional services for Prolong.

     a)   All appearances by the Driver, Al Unser, Jr., on behalf of Prolong
     shall be subject to the reasonable approval of Galles/ECR, and shall be
     separately negotiated with Driver's attorney, and shall be consistent with
     and designed to preserve and foster the good name, reputation, and public
     image of same. All appearances shall be scheduled during normal business
     hours unless otherwise approved by Galles/ECR, not to exceed one hour in
     length and will not conflict or interfere with racing activities.

     Prolong agrees to attempt to give Galles/ECR at least 10 days prior notice
     of the times and places the Driver is to appear. Galles/ECR agrees to
     exercise its best efforts to comply with such requests and agrees not to
     withhold its consent to any appearance unreasonably, consistent with the
     Driver's travel and racing schedule.

     b)   Galles/ECR shall not, during the term of this Agreement, endorse,
     participate in the advertising of or permit its or their names, trademarks,
     likenesses, logos or other identifying marks to be used in the advertising
     or promotion of any lubricant excluding motor oil, gearbox oil grease or
     parts cleaner or car care appearance products, other than that of Prolong.
     The Driver shall not drive any race car or wear any uniform bearing the

                                       2
<PAGE>

     identification of any manufacturer of lubricants or car care appearance
     products other than Prolong without the written consent of Prolong.

     c)   The Driver and other crew members shall wear uniforms bearing Prolong
     identification in the winner's circle or designated winner's area at all
     race tracks, and Galles/ECR shall distribute hats bearing Prolong's
     identification (furnished by Prolong) to be worn, when appropriate, by some
     or all crew members and associated personnel in all such areas.

     d)   Galles/ECR shall have no right to use or license to third parties any
     of Prolong's names, logos, trademarks or other identifying marks without
     the prior consent of Prolong. Prolong also agrees that Galles/ECR may use
     Prolong's name and trademark for the purpose of producing souvenir items
     that display the Galles/ECR's race vehicle.

4.   Other Sponsor Rights.  In addition to the other rights granted to Prolong,
     --------------------
     Galles/ECR hereby grants Prolong the following rights and privileges:

     a)   Prolong shall have the right at no fee or compensation to Galles/ECR
     or others, to use the names, trademarks, photographs of and likenesses of
     Galles/ECR, other Galles/ECR members and the Race Car in Prolong's
     advertising (including print, point of purchase, radio and television) and
     promotional material during the term of this Agreement with the prior
     written approval of Galles/ECR, which consent will not be unreasonably
     withheld. Prolong will negotiate separately with Driver regarding his
     approvals. Galles/ECR warrants that it has obtained all releases and/or
     consents necessary for this purpose, and will make such available to
     Prolong upon request. Prolong may promote its sponsorship in any manner it
     deems proper, subject to the prior approval of Galles/ECR.

     b)   During the term of this Agreement, and without payment or
     consideration other than the sponsorship consents to the non-exclusive use
     (including but not limited to reproduction, display, broadcasting,
     televising, publication and distribution) in any media of Galles/ECR's
     biographical information, photograph and any other likeness including
     caricatures, either in whole or in part and in any form, style, size and
     color selected by Prolong and approved in writing by Galles/ECR (which
     approval shall not be unreasonably withheld). Galles/ECR agree to
     respective names, biographical information, and photographs or likenesses
     and the name and photograph or likeness of its race vehicle may be used for
     the aforesaid purposes alone or in conjunction with each other and/or with
     sketches, cartoons, captions, films, artwork, textual matter or other
     photographs.

     c)   During the term of this Agreement, Galles/ECR shall not endorse,
     participate in the advertising or promotion of, or permit its name,
     likeness, logo, trademark or other identifying marks to be used in the
     advertising or promotion of any lubricant (excluding motor oil) other than
     that of Prolong.

     d)   Prolong will provide technical and sales training to Galles/ECR
     representatives, or their assigns, at a time/location of mutual
     convenience.

                                       3
<PAGE>

5.   Fee. In consideration for the obligations and services of Galles/ECR and
     ----
the sponsorship rights granted herein, Prolong agrees to provide a sponsorship
for the year 2000 racing season as follows:

          Prolong will support Galles/ECR's racing activities with a one (1)
          year agreement covering 2000.  The amounts and payment schedules are
          as follows:

          A.   2000 - $[*] Product/Cash

               1)   $[*] in Prolong Product (Lubricant and Appearance) at
                    current Wholesaler Distributor price.

                    .    $[*] in product at current Wholesaler Distributor price
                         to NAPA. GALLES/ECR Racing to be compensated from
                         proceeds of sales. Payment by Prolong to Galles/ECR to
                         be made on or before June 1, 2000.

                    .    $[*] in additional product at current Prolong
                         Wholesaler Distributor price to be ordered on or before
                         October 1, 2000. This allotment may be diverted to sale
                         by NAPA, at the option of Galles/ECR (if diverted to
                         sale, cash to be received by Galles by October 1,
                         2000).

               2)   $[*] in cash to be paid on or before July 1, 2000.

          B.   Prolong will pursue additional funding for Galles/ECR through a
               phone card program and a collector Galles/ECR race car program to
               sponsors and their normal customer base.

               1)   Bonus -- When Prolong funds raised from the sale of the
                    Prolong/Galles/ECR/AUJ collectable phone card exceed
                    $[*] Prolong will further compensate Galles/ECR Racing an
                    additional $[*] Prolong to provide accounting records of
                    these sales quarterly. Prolong shall grant to Galles/ECR the
                    right to audit these sales. This section shall survive the
                    termination of this Agreement.

          C.   Prolong agrees to the sale of additional product to Galles/ECR or
               its affiliates at current Wholesaler Distributor (WD) pricing.

          D.   Any re-sale of Prolong products by Galles/ECR must adhere to
               applicable Prolong Manufacturers Advertised Pricing (MAP).

                                       4
<PAGE>

     In the event Galles/ECR should fail to enter a scheduled sanctioned event
     during the contract period, other than due to circumstances beyond the
     Control of Galles/ECR, Prolong shall be entitled to a refund of a pro rata
     portion of the applicable year's sponsorship fee for each race missed,
     based upon the number of scheduled sanctioned events for the applicable
     year.

6.   Products.  Upon request of Galles/ECR and at no charge, Prolong shall
     --------
     provide Galles/ECR with Prolong products as necessary for use in the Racing
     Events. Galles/ECR agrees that no lubricant, excluding motor oil, gearbox
     oil, grease or parts cleaner, other than Prolong shall be used in
     Galles/ECR's race cars during the term of this Agreement as long as the
     Prolong product is technically capable for the application. Products shall
     be inclusive of the full line of Prolong products, as requested, in
     quantities as mutually agreed by Prolong and Galles/ECR.

7.   Term and Option to Renew.  The term of this Agreement shall commence upon
     ------------------------
     the date hereof and shall continue in effect through December 31, 2000,
     unless earlier terminated as hereafter provided.

     Prolong shall be given the first right of refusal to sponsor Galles/ECR,
     the Race Car for the year 2001 season, on similar terms and conditions, the
     fee to be reasonably negotiated.

8.   Sole Risk.  Galles/ECR acknowledges and agrees that race cars entered in
     ---------
     any Race by Galles/ECR shall be entered for Galles/ECR's sole account and
     risk. Neither Galles/ECR nor its Driver, mechanics, crew, other employees
     or shareholders shall make any claim against Prolong for salary or other
     payment except as specifically provided herein.

     Galles/ECR shall obtain from its Driver and other employees appropriate
     releases in form acceptable to Prolong absolving Galles/ECR and Prolong and
     their subsidiaries, affiliates, officers, employees and shareholders of all
     liability for damages, injury or death suffered by the Driver or other
     employees as a result of or arising out of racing related activities.

9.   Liabilities and Indemnity.  Galles/ECR shall be solely responsible for all
     -------------------------
     claims and liabilities, of whatever kind, arising out of or incidental to
     its racing activities, including but not limited to, claims for personal
     injury and property damage of Galles/ECR, its Driver, Galles/ECR's
     employees, spectators, other racing teams and other third parties.

     Galles/ECR further agrees to defend, indemnify, and save Prolong, its
     officers, directors, agents and employees harmless from and against any and
     all claims, actions, suits, judgments, cost and fees, including reasonable
     attorney's fees, which arise from the acts and/or omissions of Galles/ECR,
     its Driver, mechanics, employees, agents, contractors or third parties
     under its control or which arise out of or are related to Galles/ECR's
     racing activities, transportation to and from Races, and all other acts or
     omissions of Galles/ECR and Galles/ECR's employees and agents. The
     indemnified claims include, but are not limited to, claims of Galles/ECR,
     the Driver, Galles/ECR's employees, race spectators, other

                                       5
<PAGE>

     racing Galles/ECRs and other third parties for personal injury, death
     and/or property damage.

10.  Insurance.  Galles/ECR shall obtain and keep in force a policy or policies
     ---------
     of insurance of the following types and limits to cover the Race Cars,
     Galles/ECR transport vehicles, and all activities of Galles/ECR, the
     Galles/ECR and all of the Galles/ECR's employees and agents during this
     Agreement:

     a)   Collision (excluding on track) or casualty insurance covering the Race
     Cars and Galles/ECR transport vehicles, for their full replacement cost.

     b)   Commercial general and automobile liability in combined single limits
     of at least $2 million.

     Such policies shall provide coverage on an occurrence basis and shall
     include Prolong as a named insured. No such liability insurance shall be
     deemed in any way to limit Galles/ECR's obligations under Paragraph 9 of
     this Agreement. Upon request of Prolong from time to time, Galles/ECR shall
     deliver satisfactory proof that such insurance is in full force and effect.

     c)   Worker's Compensation - as required by law.

11.  Compliance with Law.  Galles/ECR shall, at its sole expense, comply with
     -------------------
     all federal, state and local laws and regulations applicable to its
     business and racing activities contemplated hereby.

12.  Termination.  In the event of the occurrence of any of the following,
     -----------
     Prolong shall have the right to terminate this Agreement by written notice
     to Galles/ECR:

     a)   Galles/ECR should breach this Agreement in any respect, which breach
     shall remain uncured for a period of 10 days following written notice
     thereof by Prolong.

     b)   Proceedings seeking to have Galles/ECR declared bankrupt or insolvent
     should be brought by or against Galles/ECR, or Galles/ECR should cease
     doing business for any reason;

     c)   Galles/ECR should fail to enter two consecutively scheduled sanctioned
     events, unless such failure is caused by matters beyond the reasonable
     control of Galles/ECR;

     Upon any such termination of the Agreement, Prolong shall be entitled upon
     demand to an immediate refund of any unearned portion of the sponsorship
     fee determined in accordance with paragraph 5

                                       6
<PAGE>

13.  Remedies of Galles/ECR.  In the event of the occurrence of any of the
     ----------------------
     following, Galles/ECR shall have the rights set forth below:

     a)   If Prolong should breach this Agreement in any respect, which breach
     shall remain uncured for a period of ten (10) days following written notice
     thereof by Galles/ECR, Galles/ECR shall have the right to terminate this
     Agreement at any time thereafter. In addition, after any such breach but
     prior to termination by Galles/ECR, Prolong shall remain obligated to
     perform under this Agreement, but Galles/ECR shall have the right to remove
     Prolong's name from the car and to terminate any exhibition of Prolong's
     name by the Galles/ECR, until such breach is cured.

14.  Independent Contractor.  Galles/ECR's relationship to Prolong is that of an
     ----------------------
     independent contractor, and this Agreement is not intended to and shall not
     be deemed to create any agency, employment, partnership or joint venture
     relationship between the parties hereto. Galles/ECR's Driver, mechanics,
     and other employees are not intended to be and shall not be deemed to be
     employees or agents of Prolong.

15.  Notices.  Any notice required by this Agreement shall be deemed duly given
     -------
     if deposited by certified mail, postage prepaid, addressed as follows:

     If to Galles/ECR:

     Galles/ECR Racing, LLC
     1300 Lomas Blvd., NE
     Albuquerque, NM  87102
     Attn:  Mr. Rick Galles
     Manager

     If to Prolong:

     Prolong Super Lubricants, Inc.
     6 Thomas
     Irvine, CA  92618
     Attn:   Thomas C. Billstein
     Executive Vice President

16.  Entire Agreement.  This Agreement incorporates the complete and final
     ----------------
     agreement of the parties relative to the subject matter hereof, and no
     covenant not set forth herein shall be binding. This Agreement may not be
     amended or supplemented other than in writing signed by both parties
     hereto.

17.  Binding Effect.  This Agreement shall be binding upon and inure to the
     --------------
     benefit of the parties hereto and their respective successors and assigns;
     provided, however, that Galles/ECR shall have no right to assign this
     Agreement or delegate the performance of any duty hereunder, by operation
     of law or otherwise.

                                       7
<PAGE>

18.  Applicable Law.  This Agreement shall be governed by and construed in
     --------------
     accordance with the laws of the State of New Mexico.

19.  Captions.  The captions herein are inserted for convenience of reference
     --------
     only, and shall not be used in interpreting any of the terms of the
     Agreement.

20.  No Waiver.  Any failure or delay in exercising any right or remedy
     ---------
     hereunder shall not be deemed to be a waiver of such right or remedy or of
     any other right or remedy.

     IN WITNESS WHEREOF, the parties have caused this Agreement to be executed
this 10 day of March, 2000.

WITNESS:

                                   /s/ Rhonda Baca               3-13-00
__________________________         ------------------------      ------------
                                                                      Date

ATTEST:                            GALLES/ECR RACING, LLC

                                   /s/ Andrew Vogt               3-13-00
__________________________         ------------------------      ------------
                                   Andrew Vogt                        Date
                                   Vice President

ATTEST:                            PROLONG SUPER LUBRICANTS

                                   /s/ Thomas C. Billstein       3-10-00
__________________________         ------------------------      ------------
                                   Thomas C. Billstein                Date
                                   Executive Vice President

                                       8

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