Menard, Inc. - Page 21

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          Robbie Buhl drove car No. 3, “Johns Manville/Menard/Special”.               
          During both IRL seasons, the race cars, driver uniforms, and Indy           
          promotional materials exhibited Menards’s logo, among the logos             
          of several sponsors.                                                        
                    2.  The Sponsors                                                  
               In addition to Menards’s involvement with TMI,15 several               
          other companies sponsored TMI’s race cars during the 1997 and               
          1998 IRL seasons.  Some of TMI’s written sponsorship agreements             
          were part of larger business arrangements that Menards had with             
          its suppliers.  According to TMI’s sponsorship income reports,              
          TMI received sponsorship fees from eight sponsors during both the           
          199716 and 199817 IRL seasons.  Besides the sponsors listed on the          


               15This reference with respect to Menards does not establish            
          that a legal sponsorship agreement existed between Menards and              
          TMI.                                                                        
               16For the 1997 IRL season, TMI’s sponsorship income report             
          listed Campbell Hausfeld, First Brands, Gilmore Enterprises,                
          Greentree, Quaker State, Ruan, Ryobi, and Stanley Tools as                  
          sponsors.  Except for Gilmore Enterprises, Menards had business             
          relationships with all of these companies.  Respectively, the               
          1997 listed sponsors paid sponsorship fees of $500,000; $250,000;           
          $100,000; $500,000; $1,480,730; $11,060.49; $375,000; and                   
          $500,000.  Glidden was also a sponsor for the 1997 IRL season but           
          did not pay its $1,800,000 sponsorship fee until February 1998.             
          TMI’s sponsorship income report for the 1997 IRL season does not            
          list Menards as a sponsor.                                                  
               17For the 1998 IRL season, TMI’s sponsorship income report             
          listed Campbell Group (Campbell Hausfeld), First Brands, Glidden,           
          Greentree, Moen, Quaker State, Ryobi, and Stanley Tools as                  
          sponsors.  Respectively, the 1998 listed sponsors paid                      
          sponsorship fees of $500,000; $250,000; $2 million; $250,000;               
          $500,000; $1 million; $125,000; and $650,000.  TMI’s sponsorship            
                                                             (continued...)           




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