Summary of RANCHO SANTA MONICA DEVELOPMENTS INC.

Item 1.01 Entry into a Material Definitive Agreement.

On June 27th, 2008, Rancho Santa Monica Developments Inc. (the "Company"), entered into a Consulting Agreement with De Cotiis Group Windsor Holdings Ltd. whereby the Consultant will be paid by the Company at the date of signing and first advance of funds to the Company, a fee of ten per cent (10%) cash of any funds raised and or invested in the Company by a Consultant source, introduction or third party introduction company, during the term of the Agreement and for 3 years after expiry of this agreement. The Consultant will be paid at the date of signing by the Company of a third party agreement, a fee of ten per cent (10%) of the purchase price or market value of any acquisition, Joint Venture, or merger by or involving the Company, provided the third party involved in this transaction was introduced to Company or notified of the Company's business objectives by the Consultant or a third party introduction derived from the Consultant during the term of the Agreement and for 3 years after expiry of this agreement. The Consultant will be paid at the date of signing by the Company of a third party Agreement, a fee of ten per cent (10%) of the total value of any new contracts brought to the Company by Consultant, during the term of the Agreement and for 3 years after expiry of this agreement. The Consultant will be reimbursed for all approved expenses for work done on behalf of the company. The Company will grant to the Consultant irrevocable stock options exercisable for a period of five years from the date of the funds being raised or value of the transaction arising from the Consultant. The amount of stock options will be 10% of the funds being raised or value of the transaction at whichever is lower, $0.70 or 20% below share stock market, price per share of the Company commencing June 18, 2008.