Exhibit
4.1
Contract #
2006-006
SPONSOR
MARKETING AGREEMENT
THIS
AGREEMENT is
made and entered into this 9 th day of April, 2006, by
and between Venturini Motorsports, a sole proprietor, 571 Pitts
School Rd. NW, Concord, NC 28027 and Hamptons Luxury Homes Inc.,
367 Butter Lane, Bridgehampton, NY 11932.
Witnesseth:
WHEREAS
, Venturini
Motorsports desires to grant certain advertising rights to Hamptons
Luxury Homes Inc., and Hamptons Luxury Homes Inc. desires to
purchase such rights from Venturini Motorsports;
WHEREAS
, the parties to this
agreement have each determined for itself the benefits of this
undertaking, with the express understanding that it cannot be
predicted whether and to what extent the parties may benefit
hereby;
NOW,
THEREFORE ,
in consideration of the promises, the mutual covenants herein
contained and each act done pursuant hereto, the parties hereby
agree as follows:
1. Grant
of Advertising Rights. Hamptons Luxury Homes Inc.
hereby purchases the following: Primary and or Associate
Sponsorship on the Arca ReMax Series Car (the
“Advertising Rights”), It is specifically understood
and agreed that the Advertising Rights hereby granted to Hamptons
Luxury Homes Inc. constitute the sole rights of Hamptons Luxury
Homes Inc. with regard to the Races, or any events and appearances
made by the car when requested by Hamptons Luxury Homes Inc.,
except only those additional rights which are set forth in
Paragraph 2. If a show car appearance is paid for by another
sponsor, that paying sponsor has the right to replace the Hamptons
Luxury Homes Inc. logo with their own. It is further understood
that Hamptons Luxury Homes Inc. has no property rights whatsoever
in any of Venturini Motorsports’ signage, equipment,
vehicles, race cars, or the components thereof. Hamptons Luxury
Homes Inc. agrees to provide Venturini Motorsports with
camera-ready or final artwork.
2.
Grant of
Additional Rights. -This Agreement does not grant
exclusivity on the
Race Car. The
advertising right location on the race cars will be a
follows:
a)
The Hamptons Luxury
Homes Inc. logo will be displayed in the primary sponsor location
on the Venturini Motorsports race car (rear quarter panels or
hood), for a minimum of 8 races. (This amount was figured from the
original agreement of $12,500 per race to be deducted from a
$100,000 total). Both Pocono races will be in these selected
races.
b)
Hamptons Luxury Homes
Inc. will be listed as one of the two primary sponsors on all press
and TV material for these selected races.
c)
The Hamptons Luxury
Homes Inc. logo will be displayed on the car in the primary sponsor
location pro bono for any remaining races as long as Venturini
Motorsports has not secured another primary sponsor for that given
race.
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1
d)
The Hamptons Luxury
Homes Inc. logo will be displayed in an associate sponsor location,
(top of deck lid, “B” or “C” pillar, or
front lower quarter panel) at any remaining races when not listed
or displayed as a primary sponsor.
e)
Hamptons Luxury
Homes Inc. has the additional rights to display their logos on the
52 ft. transporter.
3.
Consideration and
Schedule of Payment.
a)
Hamptons Luxury
Homes Inc. hereby agrees to pay Venturini Motorsports for the
Advertising Rights and other rights separately listed in Paragraph
2, 100,000 shares of Hamptons Luxury Homes Inc. stock. This will be
deposited into an account at Morgan Stanley in the name of William
Venturini by the opening of the stock exchange on April 13, 2006.
The minimum dollar value of this stock at the opening of
April 13, 2006, is to be $100,000. The trading symbol is HLXH on
the O.T.C.B.B.
b)
All graphics, decals
for race cars and transporter, uniforms if any, logo press kit
material, extra pit
passes, etc, are the financial responsibility of Hamptons Luxury
Homes Inc. All additional payments for uniforms, graphics, decals,
pit passes, etc. are due upon receipt of invoice.
4.
Term of
Agreement. The Advertising Rights hereby
granted shall be for a term commencing on April 1, 2006 and ending November 30, 2006 and subject to any conditions
contained in this agreement. Extension of this agreement
and
determined amounts by both parties must be made prior to September
1, 2006.
5.
Obligation of Venturini Motorsports. Venturini
Motorsports hereby agrees to provide Hamptons Luxury Homes Inc.
with the full benefit of the Advertising Rights during the Term
including the following:
a.
Venturini Motorsports
will field a legal and competitive race car and attempt to qualify
in all of the ARCA Re/Max series races in the year 2006. These
races will be determined by the schedule supplied by ARCA.
b.
Venturini Motorsports
will employ the services of Billy Venturini as the driver of the
race cars for these events. In the event that Billy Venturini
should for any reason not be able to drive, Hamptons Luxury Homes
Inc. will not be financially responsible from that day
