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SPONSOR MARKETING AGREEMENT

Marketing Agreement

SPONSOR MARKETING AGREEMENT You are currently viewing:
This Marketing Agreement involves

HAMPTONS LUXURY HOMES INC

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Title: SPONSOR MARKETING AGREEMENT
Governing Law: North Carolina     Date: 4/19/2006

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Exhibit 4.1

Contract # 2006-006

SPONSOR MARKETING AGREEMENT

 

THIS AGREEMENT is made and entered into this 9th 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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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 Ap

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