2009 SPEED Dream Ride Sweepstakes

Eligibility : Only legal residents of the fifty (50) United States and the District of Columbia, and residents of Canada (excluding Quebec) who are 18 years of age or older at time of entry are eligible to enter.  Void in Puerto Rico and where prohibited.

Promotion Period : The 2009 SPEED Dream Ride Sweepstakes (the “Sweepstakes”) begins on November 26, 2009, at 12:00:01 a.m. Eastern Time (“ET”) and ends on January 1, 2010, at 11:59:59 p.m. ET (the “Sweepstakes Period”).

How To Enter : To enter, visit SPEED’s website www.SPEEDdreamride.com (the “Website”) and complete the entry form with the information requested.

Limit : Limit one (1) entry per person and/or per e-mail address per day.

Prize (s):

Five (5) Grand Prizes are available.  Each Grand Prize Winner (each a “Grand Prize Winner”) will receive a trip for two (2) to Monterey, California to attend the Event at the Laguna Seca Raceway in Salinas, California.  Trip includes round-trip coach class air transportation for each Grand Prize Winner and a guest (the “Guest”) from the major commercial airport nearest the Grand Prize Winner’s primary residence to Monterey, California; double occupancy standard hotel accommodations for five (5) days/four (4) nights; local ground transfers between airport, hotel and all formal Event activities; a welcome reception with SPEED celebrities and special guests, two (2) days of on-track driving and ride-along experiences for Grand Prize Winner and Guest at Laguna Seca Raceway (SPEED to determine driving experience vehicles, which are subject to change) and a supercar driving event for Grand Prize Winner and Guest in the vicinity of Monterey, California.  In addition to the Grand Prizes outlined above, each Grand Prize Winner will also receive a single cash payment in the form of a corporate check which is intended to assist with any federal, state, or other tax obligations related to each Grand Prize (the “Tax Gross-Up Payment”).  The amount of Tax Gross-Up Payment will be computed based upon the actual retail value of each Grand Prize and assuming each Grand Prize Winner’s combined tax rate for all federal, state and other tax obligations related to the Grand Prize is 34%, but in no event will the Tax Gross-Up Payment exceed $25,000.  Approximate Retail Value of each Grand Prize is $16,600.  This ARV does not include the value of the Tax Gross-Up Payment, which, based upon an ARV of $16,600 is estimated to be $8,551.52.

Winners : To obtain a copy of any legally-required winners’ list, send a self-addressed stamped envelope to SPEED Dream Ride Sweepstakes Winners List, P.O. Box 16583, West Haven, CT 06516-6583.  All such requests must be received by 1/9/2010. These Official Rules will be posted on the Website www.SPEEDdreamride.com.

Tags: 2009 SPEED Dream Ride Sweepstakes, speeddreamride.com, www.speeddreamride.com