Document:

Exhibit 10.1 Operating Agreement

    
      

    

     

                                                                                                    Exhibit
      10.1

     

    
 

    

    

    VITA
      VENTURES, LLC

    

    

    

    

    

    

    OPERATING
      AGREEMENT

    

    

    

    

    

    

    Dated
      as
      of  September 7, 2006

    

    

    

    

    

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    

    

    Vita
      Ventures, LLC

    

    a
      Delaware Limited Liability Company

    

    

    OPERATING
      AGREEMENT

    

    

    

    THIS
      AGREEMENT is
      made
      and entered into as of  September 7, 2006, by and between G-Nutritional,
      LLC, a Delaware limited liability company ("GN") and Vitaquest International
      LLC, a Delaware limited liability company ("VQT"). GN and VQT hereafter are
      referred to collectively as the "Members."

    

    PRELIMINARY
      STATEMENT

    

    

    WHEREAS,
      a
      Certificate of Formation has been filed with the Secretary of State of the
      State
      of Delaware to organize Vita Ventures, LLC under and pursuant to the Delaware
      Limited Liability Company Act; and

    

    WHEREAS,
      in
      accordance with Delaware Limited Liability Company Act, the Members desires
      to
      enter into this Agreement to set forth the respective rights, powers and
      interests of the Members with respect to the Company, to provide for the
      management of the business and operations of the Company and to provide for
      the
      Members' continued ownership of the Company;

    

    NOW,
      THEREFORE, the
      Members agree as follows:

    

    ARTICLE
      I

    

    DEFINED
      TERMS

    

    1.1 Definitions.
      The
      following defined terms used in this Agreement shall have the respective
      meanings set forth in this Article I. Additional defined terms are set forth
      throughout this Agreement.

    

    "Affiliate"
      means,
      when used with reference to a specific Person (or when not referring to a
      specific Person shall mean an Affiliate of a Member), any Person that, directly
      or indirectly, through one or more intermediaries, controls, is controlled
      by or
      is under common control with such specific Person. 

    

    "Aggregate
      Contributions"
      means,
      at any time, the sum of the Capital Contributions of all Members theretofore
      made to the Company.

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    "Agreement"
      means
      this Limited Liability Company Operating Agreement, including the Schedules
      and
      Exhibits hereto, as originally executed and as subsequently amended from time
      to
      time in accordance with the provisions hereof.

    

    "Bankruptcy
      Code"
      means
      Title 11 of the United States Code, as now in effect or as hereafter
      amended.

    

    "Brand"
      means
      the brand, including Foreman Indicia, under which the Products will be
      marketed.

    

    "Business"
      means
      the business of marketing the Products under the Brand by any and all means
      to
      which the Members agree, including, without limitation, by direct response
      television and through retail outlets.

    

    "Capital
      Account"
      means
      the Capital Account maintained for each Member pursuant to Section
      4.2.

    

    "Capital
      Contribution"
      means
      the total amount of cash and property contributed to the Company by a Member
      (less any distribution of capital to such Member relating thereto); provided,
      however, that property will be deemed a Capital Contribution only when mutually
      agreed by the Members.

    

    "Certificate
      of Formation"
      means
      the Certificate of Formation of the Company described in Section
      2.1.

    

    "Code"
      means
      the Internal Revenue Code of 1986, as now in effect or as hereafter
      amended.

    

    "Company"
      means
      Vita Ventures, LLC, the limited liability company formed by the filing of the
      Certificate of Formation.

    

    "Distributable
      Funds"
      means
      the excess, from time to time, of the Company's cash on hand after payment
      or
      provision for all Operating Expenses and maintenance of the Reserve; and, in
      the
      event of dissolution, the excess of the Company's cash on hand after the winding
      up of the Company's business and the payment or provision for payment of all
      of
      the Company's liabilities.

    

    "Distribution
      Agreement"
      means
      the agreement to be entered into between the Company and Windmill Health
      Products, pursuant to which the Products will be distributed through normal
      retail channels in accordance with terms and conditions to be mutually agreed
      upon by the parties hereto.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    "Economic
      Interest"
      means
      that aspect of a Membership Interest which consists solely of the rights to
      receive Distributable Funds.

    

    "Fiscal
      Year"
      means
      the calendar year.

    

    “Foreman
      Indicia”
      means
      the name and likeness of George Foreman.

    

    "LLC
      Law"
      means
      the Delaware Limited Liability Company Act, as it may be amended from time
      to
      time, and any successor to such LLC Law.

    

    "Members"
      means GN
      and VQT and any permitted successors or assignees of their Membership
      Interests.

    

    "Membership
      Interest"
      means
      the entire interest of a Member in the Company, including, without limitation,
      (a) the right to receive distributions of Distributable Funds, allocations
      of
      Net Income and Net Loss and distributions of liquidation proceeds under this
      Agreement and (b) any management rights, voting rights or rights to consent
      provided for herein. 

    

    "Net
      Income" and "Net Loss"
      for any
      Fiscal Year of the Company, or any fraction thereof, shall mean the net income
      or net loss of the Company, as the case may be, for such Fiscal Year, in each
      case including gain or loss recognized upon the sale of any assets of the
      Company, including the amount, if any, of tax exempt income received or accrued
      and taking into account expenditures of the Company described in section
      705(a)(2)(B) of the Code (including expenditures treated as described in section
      705(a)(2)(B) of the Code under Treas. Reg. §1.704-1(b)(2)-(iv)(i)). The Company
      shall determine all items of Net Income and Net Loss in accordance with
      principles applicable in determining taxable income or loss for federal income
      tax purposes for limited liability companies treated as partnerships and
      consistent with accounting methods used by the Company in determining taxable
      income or loss for federal income tax purposes. 

     

    "Operating
      Expenses"
      means
      all mutually agreed costs and expenses incurred in the operation of the Company
      during any period, including, without limitation, legal and accounting fees
      and
      expenses.

    

    "Other
      Materials"
      means
      "Other Materials" as defined in the Trademark License and Services Agreement.
      

    

    "Packaging"
      means
      "Packaging" as defined in the Trademark License and Services Agreement.

    

    "Percentage
      Interests"
      means
      the respective Membership Interests of GN and VQT (i.e., 50.1% and 49.9%,
      respectively, except for the purposes of voting, where the interests shall
      be
      50% and 50%, respectively). 

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    "Person"
      means
      any general partnership, limited partnership, corporation, limited liability
      company, joint venture, trust, business trust, governmental agency, cooperative,
      association, individual or other entity, and the heirs, executors,
      administrations, legal representatives, successors and assigns of such Person
      as
      the context may require.

     

    

    "Products"
      means
      "Products" as defined in the Trademark License and Services Agreement.

    

    "Reserve"
      means an
      amount deemed reasonable by the Members to be held by the Company in
      anticipation of reasonably foreseeable as well as unanticipated
      expenses.

    

    "Securities
      Act"
      means
      the Securities Act of 1933, as amended.

    

    "Trademark
      License and Services Agreement"
      means
      the trademark license and services agreement dated as of  September 7, 2006
      between GN and the Company. Any capitalized terms used but not defined herein
      shall have the meanings ascribed to such terms in the Trademark License and
      Services Agreement.

    

    "Treasury
      Regulations"
      means
      the regulations promulgated by the U.S. Treasury Department pursuant to the
      Code.

    

    “Windmill”
      means
      Windmill Health Products, a division of VQT and the distributor of Products
      pursuant to the Distribution Agreement.

    

    ARTICLE
      II

    

    ORGANIZATION

    

    2.1 Formation.
      The
      Company has been organized as a Delaware limited liability company under and
      pursuant to the LLC Law by the filing of the Certificate of Formation with
      the
      Office of the Secretary of State of the State of Delaware as required by the
      LLC
      Law. In the event of a conflict between the terms of this Agreement and the
      Certificate of Formation, the terms of the Certificate of Formation shall
      prevail.

    

    2.2 Name.
      The
      name of the Company is "Vita Ventures, LLC." To the extent permitted by the
      LLC
      Law, the Company may conduct its business under one or more assumed names deemed
      advisable by the Members.

    

    2.3 Purposes.
      The
      purposes for which the Company is organized and operated are:

    (a)
      to
      operate the Business for the mutual benefit of the Members; and

     

     

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
 

    (b)
      to
      enter into all contracts, licenses and/or agreements and do all things necessary
      or appropriate to the accomplishment of the foregoing purpose and the conduct
      or
      promotion of such purpose.

    

    The
      Company shall have all the powers necessary or convenient to effect any purpose
      for which it is formed, including all powers granted by the LLC Law.

    

    2.4 Office.
      The
      principal office of the Company shall be located at 8 Henderson Drive, West
      Caldwell, New Jersey 07006, Attention: Keith Frankel. The location of the
      Company's principal office may be changed at the direction of the Members from
      time to time, and the Company shall maintain available for inspection at its
      principal office the records required to be so maintained by the LLC Law. The
      Company may have such other offices as the Members may designate from time
      to
      time.

    

    

    ARTICLE
      III

    

    MEMBERS

    

    3.1 Members.
      The
      names and addresses of the members of the Company (the "Members") are as
      follows: 

    

    G-Nutritional,
      LLC:              
c/o
      George Foreman Enterprises, Inc.,

    100
      North
      Wilkes-Barre Blvd.,

    4th
      Floor

    Wilkes-Barre,
      PA 18702

    Attention:
      Efrem Gerszberg

    

    Vitaquest
      International LLC:             
8
      Henderson Drive

    West
      Caldwell, New Jersey 07006

    Attention:
      Keith Frankel

    

    As
      of the
      date hereof, there are no other Members of the Company, and no other Person
      has
      any right to take part in the ownership of the Company.

    

    3.2 Admission
      of Additional Members.
      Additional Members of the Company may be added only if the addition of any
      such
      proposed additional Member is approved in writing, prior to such admission,
      by
      all Members.

     

    
 

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    ARTICLE
      IV

    

    CAPITAL
      CONTRIBUTIONS AND PERCENTAGE INTERESTS

    

    4.1 Capital
      Contributions.
      The
      Members will make Capital Contributions in accordance with their Percentage
      Interests, provided, however, that unless they unanimously agree otherwise,
      they
      shall not be required to make Aggregate Contributions in excess of $350,000.
      Except to the extent the Members unanimously agree otherwise, Capital
      Contributions will be made by the Members in such amounts and at such times
      as
      are set forth in Exhibit
      4.1,
      and
      Capital Contributions will be applied by the Company in accordance with said
      Exhibit 4.1.

    

    4.2 Capital
      Accounts.
      A
      Capital Account shall be established and maintained for each Member. Each
      Member's Capital Account (i) shall be increased by (A) the amount of money
      contributed or deemed to be contributed by that Member to the Company, (B)
      the
      fair market value of property contributed by that Member to the Company and
      accepted by the Company as a Capital Contribution (net of liabilities secured
      by
      the contributed property that the Company is considered to assume or takes
      subject to), and (C) allocations to that Member of Net Income, including income
      and gain exempt from tax and income and gain described in Section
      1.704-1(b)(2)(iv)(g) of the Treasury Regulations, but excluding income and
      gain
      described in Section 1.704-1(b)(4)(i) of the Treasury Regulations, and (ii)
      shall be decreased by (A) the amount of money distributed to that Member by
      the
      Company, (B) the fair market value of property distributed to that Member by
      the
      Company (net of liabilities secured by the distributed property that the Member
      is considered to assume or take subject to), (C) allocations to that Member
      of
      expenditures of the Company described in Section 705(a)(2)(B) of the Code,
      and
      (D) allocations of Net Loss (or items thereof), including loss and deduction
      described in Section 1.704-1(b)(2)(iv)(g) of the Treasury Regulations, but
      excluding loss or deduction described in Section 1.704-1(b)(4)(i) or Section
      1.704-1(b)(4)(iii) of the Treasury Regulations.

    

    4.3 Return
      of Capital Contributions.
      Except
      as otherwise provided herein or in the LLC Law, no Member shall have the right
      to withdraw, or receive any return of, all or any portion of such Member's
      Capital Contribution.

    

    4.4 Interest.
      No
      interest shall be paid by the Company on Capital Contributions or on balances
      in
      Members' Capital Accounts.

    

    4.5 Loans
      From Members.
      If the
      Company accepts a loan from a Member, such loan shall not be considered a
      Capital Contribution, and the making of such loan shall not result in any
      increase in the amount of the Capital Account or the Percentage Interest of
      such
      Member. The amounts of any such loan shall be a debt of the Company to such
      Member and shall be payable or collectible only out of the Company's assets
      in
      accordance with the terms and conditions upon which such loan is made. The
      repayment of loans from a Member to the Company upon liquidation shall be
      subject to the order of priority set forth in Section 12.4.

     

    
 

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

    4.6 Percentage
      Interests.
      The
      respective Membership Interests of GN and VQT are 50.1% and 49.9%, respectively,
      for the allocation of profits and distribution of losses. For voting purposes,
      the Membership Interests of GN and VQT are 50% and 50%, respectively. There
      shall be no adjustment to Percentage Interests by reason of any additional
      Capital Contributions or loans made by any Member unless both Members agree
      to
      such adjustment, in which event the Agreement shall be amended to provide for
      the adjusted Percentage Interests.

     

    ARTICLE
      V

    

    ALLOCATIONS
      AND DISTRIBUTIONS

    

    5.1 Allocations
      of Net Income and Net Losses.
      From
      and after the date of this Agreement, all Net Income and Net Losses of the
      Company for each Fiscal Year or fraction thereof shall be credited or charged
      to
      the Capital Accounts of the Members in accordance with their Percentage
      Interests.

    

    5.2 Allocations
      on Dissolution and Winding Up.

    

    (a)
      After
      adjusting the Capital Accounts for distributions and allocations made under
      this
      Article V for the year, gain resulting from a sale of the Company's assets
      under
      Section 12.2 or otherwise upon the dissolution and termination of the Company
      shall be allocated to the Members in the following order and
      priority:

    

    (i)
      First, if the Capital Account of any Member has a negative balance, gain shall
      be allocated to such Member to the extent of such negative balance. If the
      Capital Accounts of more than one Member have a negative balance, gain, to
      the
      extent of the aggregate negative balances in the Capital Accounts of the
      Members, shall be allocated to such Members in proportion to their respective
      negative balances.

    

    (ii)
      Then, gain shall be allocated to the Members in accordance with their respective
      Percentage Interests.

    

    (b)
      After
      adjusting the Capital Accounts for distributions and allocations made under
      this
      Article V for the year, loss resulting from a sale of the Company's assets
      under
      Section 12.2 or otherwise upon the dissolution and termination of the Company
      shall be allocated to the Members in accordance with their respective Percentage
      Interests.

    

    5.3 Distributions
      of Distributable Funds.

    

    (a)
      Distributable Funds will be distributed to the Members in accordance with their
      respective Percentage Interests.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

    (b)
      It is
      the intention of the Members that the Company distribute Distributable Funds
      no
      less frequently than quarterly, and more frequently if so agreed upon by the
      Members.

    

    ARTICLE
      VI

    

    RESTRICTIONS
      ON TRANSFER

    

    6.1 Prohibited
      Transfers.
      Except
      as specifically permitted or required by this Agreement, no Member shall
      directly or indirectly, sell, assign, convey, transfer, donate or otherwise
      dispose of, or pledge, hypothecate or otherwise encumber in any manner
      whatsoever, or permit or suffer an encumbrance of (or enter into an agreement
      or
      understanding with respect to the foregoing) (collectively, a "Transfer"),
      any
      of the right, title or interest in its Membership Interest.

    

    6.2
      Permitted
      Transfers.
      Notwithstanding anything in this Agreement to the contrary, a Member may
      Transfer all (but not less than all) of its Economic Interest to one or more
      of
      its Affiliates. In connection with any Transfer pursuant to this Section 6.2,
      the transferee shall execute and deliver to the Company such documents as may
      reasonably be requested by the other Member to evidence the same.

    

    6.3
      Transferees.
      A
      transferee of an Economic Interest in the Company pursuant to Section 6.2 hereof
      shall not be admitted as a substituted Member of the Company with all the rights
      and obligations of Membership Interest without the consent of the other Member,
      which may be granted or withheld in such other Member's sole
      discretion.

    

    6.4
      Contravention
      Voids Transfer.
      Any
      attempted Transfer in contravention of the provisions of this Article VI shall
      be void and ineffectual and shall not bind or be recognized by the
      Company.

    

    ARTICLE
      VII

    

    MEETINGS
      OF MEMBERS

    

    7.1 Meetings.
      A
      meeting of Members may be called at any time by a Member for any proper purpose.
      For the avoidance of uncertainty, matters which, pursuant to specific provisions
      of this Agreement require the consent or approval of only a single Member,
      will
      not require a meeting or vote of the Members.

     

    
 

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    7.2 Place
      of Meetings.
      Meetings of Members shall take place at such location as the Members agree
      or
      telephonically.

    

    7.3 Notice.
      Notice
      of all meetings, stating the place, day and hour of the meeting and the purpose
      or purposes for which the meeting is called, shall be delivered, personally
      or
      by first class mail, not less than ten (10) or more than thirty (30) days before
      the meeting to each Member.

    

    7.4 Waiver
      of Notice.
      Attendance of a Member at a meeting without protesting prior to the conclusion
      of the meeting the lack of notice of such meeting, shall constitute a waiver
      of
      notice of the meeting by such Member. 

    

    7.5 Quorum.
      The
      presence of both Members is required to constitute a quorum at any meeting
      of
      the Members.

    

    7.6 Voting.
      All
      matters which require the "approval of the Members" require the unanimous
      approval of the Members. 

    

    7.7 Action
      by Unanimous Written Consent.
      Whenever the Members are required or permitted to take any action by vote,
      such
      action may be taken without a meeting, without prior notice and without a vote,
      if a consent or consents in writing, setting forth the action so taken, shall
      be
      signed by all of the Members. 

    

    7.8 Member
      Representatives.
      Each
      Member will designate a single representative who will be authorized to act
      on
      behalf of such Member in connection with any matter which requires consideration
      and/or approval by the Members. Such designee shall continue to serve until
      replaced by the Member appointing him or her, and only the Member which
      appointed such designee shall have the right to replace such designee. The
      initial representative of GN is Efrem Gerszberg, and the initial representative
      of VQT is Keith Frankel. To insure that there is no confusion as to whether
      a
      meeting between such individuals constitutes a meeting of Members, the Members
      agree that a meeting or phone call or other interchange between their
      representatives will not be considered an official meeting of the Members unless
      such meeting or phone call or other interchange was the subject of a notice
      in
      accordance with Section 7.3 or is acknowledged by both representatives in
      writing to be an official meeting of the Members. 

     

    
 

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    ARTICLE
      VIII

    

    MANAGEMENT
      OF THE COMPANY

    

    8.1 Operation
      of the Business.
      Although the Members expect to develop a more detailed business plan, they
      have
      agreed as follows with respect to the development and operation of the Business:
      

    

    (a) VQT
      will
      develop potential products to be marketed by the Company as Products,
      principally related to wellness, vitamins and nutritional supplements. It is
      understood that these potential products will not necessarily be unique
      formulations and that they may be based on existing products of VQT. All
      formulations for Products will be owned by VQT but made available to the Company
      on a royalty-free basis for purposes of conducting the Business. The final
      selection of Products to bear the Brand and to be marketed and sold by the
      Company will be made by GN. 

    

    (b) The
      parties hereto hereby acknowledge that the Company shall have the right to
      utilize the Foreman Indicia for the creation of the Brand and the marketing
      of
      the Products strictly in accordance with the terms of the Trademark License
      and
      Services Agreement. GN also will provide the services of George Foreman in
      connection with the Business as specified in the Trademark License and Services
      Agreement.

    

    (c) The
      Company intends to market the Products through direct response television
      ("DRTV") and ordinary retail channels. The initial Product launch is expected
      to
      take place via DRTV in November 2006. In connection therewith, VQT will
      supervise the outsourcing of the production of one or more infomercials (as
      mutually agreed by the Members), all media buys and the fulfillment of customer
      orders, but VQT will not itself perform the foregoing production, buying and
      fulfillment services, which will be performed by third parties at the Company's
      expense. If for any reason other than a failure by GN to fulfill its obligations
      to the Company, such Product launch does not take place by December 31, 2006,
      GN
      will have the right, at any time prior to February 28, 2007, to cause the
      dissolution of the Company. 

     

    
 

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    (d) Distribution
      services for all methods of Product distribution other than DRTV will be
      provided to the Company by Windmill pursuant to the terms of the Distribution
      Agreement. If GN determines that Windmill is in breach of its obligations under
      the Distribution Agreement, then following consultation with VQT, GN will have
      the right, on behalf of the Company, to cause the Company to discharge Windmill,
      and the Members will jointly select a replacement distributor. If GN determines
      that Windmill's performance is unsatisfactory and/or that more favorable
      financial terms are available to the Company elsewhere, GN will have the right
      to present to the Company an alternative distribution arrangement with a
      qualified distributor, and unless Windmill gives assurances with respect to
      its
      future performance reasonably acceptable to GN and/or matches the financial
      terms presented by GN, GN will have the right, on behalf of the Company, to
      terminate the Distribution Agreement and cause the Company to enter into the
      alternative arrangement presented by GN. 

    

    (e) VQT
      will
      manufacture or arrange for the manufacturing of all Products and provide same
      to
      the Company at VQT's direct out-of-pocket cost.

    

    (f) VQT
      will
      supervise the outsourcing of customer service requirements of the Company,
      but
      VQT will not itself perform such customer service, which will be performed
      by
      third parties at the Company's expense.

    

    8.2
       Major
      Decisions.

    

    (a)
      The
      following will be considered "Major Decisions" and will require the mutual
      approval of the Members:

    

    (i)
      any
      merger or consolidation involving the Company;

    

    (ii)
      except as otherwise provided by Section 12.1 below, any voluntary liquidation,
      dissolution or termination of the Company;

    

    (iii)
      any
      amendment or restatement of the Certificate of Formation or this
      Agreement;

    

    (iv)
      the
      incurring of monetary liabilities, borrowing money, issuance of notes, bonds,
      and other obligations;

    

    (v)
      granting a security interest, mortgage or other encumbrance on any of the
      Company's assets, including, without limitation, any anticipated streams of
      income;

    

    (vi)
      the
      carrying on of any business other than the Business as defined
      herein;

     

    
 

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    
 

    (vii)
      the
      execution or delivery of an assignment for the benefit of creditors of the
      Company;

    

    (viii)
      the hiring or firing of employees who will be on the payroll of the Company;
      

    

    (ix)
      the
      approval of an annual or other business plan; 

    

    (x)
      the
      making of any single expenditure or related series of expenditures (other than
      distributions of Distributable Funds) in excess of Ten Thousand Dollars
      ($10,000));

    

    (xi)
      the
      timing and amount of any distribution of Distributable Funds; 

    

    (xii)
      the
      commencement or settlement of any litigation;

    

    (xiii)
      the terms of, and any amendment to the terms of, the Distribution
      Agreement;

    

    (xiv)
      any
      decisions that any Person other than a Member is to provide services for or
      on
      behalf of the Company, including, without limitation, customer services,
      shipping services and/or marketing services. For the avoidance of doubt, the
      decision for any Affiliates of a Member to provide services shall constitute
      a
      "Major Decision."

    

    (b)
      If
      the Members are unable to reach unanimity on a Major Decision, each Member
      agrees to refer the matter to the board of directors of its parent company
      for
      further consideration, following which the Members will hold a meeting to again
      consider the Major Decision. 

    

    8.3 Decisions
      by GN.
      Except
      to extent specified herein to the contrary, GN shall have sole approval over
      matters relating to the selection of the Products and the use of the Foreman
      Indicia; provided, however, that GN acknowledges that it has approved the basic
      concept of a wellness shake, subject to its further approval right over the
      final formulation(s) of such Product and the use of the Foreman Indicia in
      connection therewith.

    

    8.4 Day
      to
      Day Operations; Officers.
      Subject
      to Sections 8.2 and 8.3 above, the ordinary day-to-day operations of the Company
      shall be undertaken at no charge to the Company by VQT. For the avoidance of
      doubt, the foregoing shall not be deemed to give VQT the right to make
      substantive decisions without the approval of GN, including, without limitation,
      in connection with the disbursements of any Company funds not specifically
      provided for in Exhibit 4.1 attached hereto or in any subsequent mutually
      approved budget.

     

    
 

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    8.5 Standard
      of Care; Liability.
      The
      representatives of the Members shall discharge their duties in good faith,
      with
      the care an ordinarily prudent person in a like position would exercise under
      similar circumstances, and in a manner they reasonably believe to be in the
      best
      interests of the Company. No such representative shall be liable for any
      monetary damages to the Company for any breach of such duties except for:
      receipt of a financial benefit to which such person is not entitled or a knowing
      violation of the law.

    

    ARTICLE
      IX

    

    OWNERSHIP
      OF COMPANY PROPERTY

    

    Except
      as
      otherwise specifically set forth in Sections 8.1(a) and 8.1(b) with respect
      to
      the Product formulations and the Brand and Foreman Indicia and as otherwise
      provided in the Trademark License and Services Agreement, all assets of the
      Company shall be deemed to be owned by the Company as an entity, and no Member
      shall have any separate ownership interest in such property or any portion
      thereof. Title to any or all Company property may be held in the name of the
      Company or one or more nominees, as the Members determine.

    

    ARTICLE
      X

    

    FISCAL
      MATTERS, BOOKS AND RECORDS

    

    10.1 Bank
      Accounts; Investments.
      Capital
      Contributions, revenues and any other Company funds shall be deposited by the
      Company in a bank account established in the name of the Company, or shall
      be
      invested by the Company, at the direction of the Members, in furtherance of
      the
      purposes of the Company. No other funds shall be deposited into Company bank
      accounts or commingled with Company investments. Funds deposited in the
      Company's bank accounts may be withdrawn only to be invested or applied in
      furtherance of the Company's purposes or to be distributed to the Members
      pursuant to this Agreement.

    

    10.2 Records
      Required by LLC Law; Right of Inspection.

    

    (a)
      During the term of the Company's existence and for a period of four (4) years
      thereafter, there shall be maintained in the Company's principal office all
      records required to be kept pursuant to the LLC Law, including, without
      limitation, the name and current address of each of the Members, a current
      list
      of the names, addresses, Capital Contributions and Percentage Interests of
      the
      Members, copies of federal, state and local tax information or income tax
      returns for each of the Company's tax years, copies of this Agreement and the
      Certificate of Formation, including all amendments or restatements, and correct
      and complete books and records of account of the Company.

    

    (b)
      Each
      Member shall have full access to the Company's books and records at all
      times.

     

    
 

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    

    10.3 Books
      and Records of Account.
      The
      Company shall maintain adequate books and records of account using the method
      of
      accounting determined by the Members.

    

    10.4 Tax
      Returns and Information.
      The
      Members intend for the Company to be treated as a partnership for tax purposes.
      The Company shall prepare or cause to be prepared all federal, state and local
      income and other tax returns the Company is required to file. Within
      seventy-five (75) days after the end of each Fiscal Year, the Company shall
      endeavor to send to each Member such tax information as shall be reasonably
      necessary for the preparation by such Member of its federal income tax return
      and state income and other tax returns.

    

    10.5 Fiscal
      Year.
      The
      Company's fiscal year shall end on December 31 of each calendar
      year.

    

    10.6 Tax
      Matters Member.
      The
      "Tax Matters Member" of the Company pursuant to Section 6231(a)(7) of the Code
      shall be GN. Such Member shall take such action as may be necessary to cause
      the
      other Member to become a "notice partner" within the meaning of Section 6223
      of
      the Code. Such Member shall inform the other Member of all significant matters
      that may come to its attention in its capacity as Tax Matters Member by giving
      notice thereof on or before the fifth business day after becoming aware thereof
      and, within that time, shall forward to the other Member copies of all
      significant written communications it may receive in that capacity. Such Member
      may not take any action contemplated by Sections 6222 through 6232 of the Code
      without the consent of all Members but this sentence does not authorize such
      Member to take any action left to the determination of an individual Member
      under Sections 6222 through 6232 of the Code.

    

    ARTICLE
      XI

    

    REPRESENTATIONS,
      WARRANTIES, COVENANTS, INDEMNIFICATION AND INSURANCE

    

    11.1 Representations
      and Warranties of GN.
      GN
      represents and warrants that it is fully authorized to enter into and perform
      this Agreement without violating the legal or equitable rights of any third
      party and that this Agreement has been duly and validly executed by GN and
      constitutes a valid and binding obligation upon GN enforceable against GN in
      accordance with its terms.

    

    11.2 Representations,
      Warranties and Covenants of VQT.

    

    (a)
      VQT
      represents and warrants that it is fully authorized to enter into and perform
      this Agreement without violating the legal or equitable rights of any third
      party and that this Agreement has been duly and validly executed by VQT and
      constitutes a valid and binding obligation upon VQT enforceable against VQT
      in
      accordance with its terms.

     

    
 

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    

    (b)
      VQT
      represents, warrants and agrees that it will not knowingly permit, do or commit
      any act or thing that would degrade, tarnish or deprecate George Foreman
      ("Celebrity"), George Foreman Productions, Inc. ("GFPI") or GN, or Celebrity's,
      GFPI's or GN's public image in society or standing in the
      community.

    

    (c)
      VQT
      represents, warrants and agrees that VQT will comply with all applicable laws,
      regulations, orders, and ordinances in connection with the distribution of
      the
      Products and any other endeavors contemplated in this Agreement, the Trademark
      License and Services Agreement or otherwise and the engagement of Celebrity's
      services.

    

    (d)
      VQT
      represents, warrants and agrees that neither VQT nor any of its representatives,
      agents or employees will disclose to any party or utilize any confidential
      or
      proprietary information obtained hereunder regarding GN, GFPI or
      Celebrity.

    

    (e)
      VQT
      represents, warrants and agrees that all Products, Packaging and Other Materials
      shall be manufactured, distributed and/or performed, as applicable, in
      compliance with all federal, state and local laws, regulations and industry
      standards pertaining thereto (collectively, the "Laws, Regulations and
      Standards"), including, without limitation, the U.S. Fair Labor Standards Act.
      If pursuant to the terms of the Trademark License and Services Agreement, any
      Products, Packaging or Other Materials are manufactured by a third party, then
      VQT shall provide in its agreement with such third party that such party will
      comply with all Laws, Regulations and Standards.

     

    
 

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    

    11.3 Indemnification
      and Advancement of Expenses.
      

    

    (a)
      The
      Company shall indemnify any Person made or threatened to be made a party to,
      or
      called as a witness or asked to submit information in, any action or proceeding,
      whether civil, criminal, judicial, legislative, administrative or investigative,
      including an action by or in the right of the Company to procure a judgment
      in
      its favor, and including an action by or in the right of any other corporation,
      partnership, joint venture, trust, employee benefit plan or other enterprise
      of
      any type or kind, domestic or foreign, which any Member or officer of the
      Company is or was serving in any capacity at the request of the Company, by
      reason of the fact that he, his testator or intestate, is or was a Member,
      employee, representative or agent of the Company, or is or was serving such
      other corporation, partnership, joint venture, trust, employee benefit plan
      or
      other enterprise in any capacity, against judgments, fines, amounts paid in
      settlement and reasonable expenses, including attorneys fees, incurred in
      connection with such action or proceeding, or in connection with an appeal
      therein; provided, however, that no such indemnification shall be made to such
      Member, employee, representative or agent if a judgment or other final
      adjudication adverse to the Member, employee, representative or agent
      establishes that (i) the acts of such Person were committed in bad faith or
      were
      the result of active and deliberate dishonesty and, in either case, were
      material to the cause of action so adjudicated, or (ii) such Person personally
      gained in fact a financial profit or other advantage to which such Person was
      not legally entitled; and provided further that no such indemnification shall
      be
      required with respect to any settlement or other nonadjudicated disposition
      of
      any threatened or pending action or proceeding unless the Company has given
      its
      prior consent to such settlement or other disposition.

    

    (b)
      The
      Company may indemnify any other Person to whom the Company is permitted to
      provide indemnification or the advancement of expenses by applicable law,
      whether pursuant to rights granted pursuant to, or provided by, the LLC Law
      or
      other rights created by (i) a resolution of Members, or (ii) an agreement
      providing for such indemnification, it being expressly intended that this
      Section 11.3 authorizes the creation of other rights in any such
      manner.

    

    (c)
      The
      Company shall upon request advance to any Person entitled to indemnification
      under this Section 11.3, or promptly reimburse any such Person for, all
      expenses, including attorneys, fees, reasonably incurred in defending any action
      or proceeding in advance of the final disposition of such action or proceeding
      upon receipt of a written undertaking by or on behalf of such Person to repay
      such amount as, and to the extent that, the Person receiving such advancement
      is
      ultimately found not to be entitled to indemnification or, where indemnification
      is granted, to the extent the expenses so advanced or reimbursed by the Company
      exceed the indemnification to which such Person is entitled; provided, however,
      that such Person shall cooperate in good faith with any request by the Company
      that common counsel be utilized by the parties to an action or proceeding who
      are similarly situated unless to do so

     

    
 

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    would
      be
      inappropriate due to actual or potential differing interests between or among
      such parties.

    

    (d)
      The
      indemnification of any Person provided by this Section 11.3 shall continue
      after
      such Person has ceased to be a Member, employee, representative or agent of
      the
      Company and shall inure to the benefit of such Person's heirs, executors,
      administrators and legal representatives.

    

    (e)
      For
      purposes of this Section 11.3, the term "Company" shall include any legal
      successor to the Company, including any company which acquires all or
      substantially all of the assets of the Company in one or more
      transactions.

    

    (f)
      The
      indemnification and advancement of expenses provided by, or granted pursuant
      to,
      this Section 11.3 shall not be deemed exclusive of any other rights to which
      those seeking indemnification or advancement of expenses may be entitled under
      any statute, rule, regulation, by-law, agreement, vote of Members or otherwise,
      both as to action in an official capacity and as to action in another capacity
      while holding such office.

    

    (g)
      GN
      shall indemnify and hold harmless VQT and VQT's Affiliates licensees,
      representatives, successors and assigns, and the employees, officers, directors,
      agents and representatives of each of them (collectively, the "VQT Indemnitees")
      from and against any and all losses, damages, costs (including, without
      limitation, reasonable legal fees and expenses), liabilities or judgments
      sustained, paid or incurred by the VQT Indemnitees, as a result of or in
      connection with any breach or alleged breach of any of GN's representations
      and
      warranties set forth herein; provided, however, that GN shall have the right
      to
      control the defense of any claim or proceeding. 

    

    (h)
      VQT
      shall indemnify and hold harmless GN and GN's Affiliates licensees,
      representatives, successors and assigns, and the employees, officers, directors,
      agents and representatives of each of them (collectively, the "GN Indemnitees")
      from and against any and all losses, damages, costs (including, without
      limitation, reasonable legal fees and expenses), liabilities or judgments
      sustained, paid or incurred by the GN Indemnitees, as a result of or in
      connection with (i) any breach or alleged breach of any of VQT's
      representations, warranties and agreements set forth herein and/or (ii) the
      formulation of the Products and/or the distribution of the Products by Windmill.
      

     

    
 

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    11.4 Insurance.
      The
      Company shall purchase insurance as required pursuant to the Trademark License
      and Services Agreement, and also may purchase and maintain insurance or another
      arrangement on behalf of any Person who is or was a Member, employee, agent
      or
      other Person identified in Section 11.3 against any liability asserted against
      such Person or incurred by such Person in such a capacity or arising out of
      the
      status of such a Person, whether or not the Company would have the power to
      indemnify such Person against that liability under Section 11.3 or otherwise.
      The Company shall name GN, VQT, Celebrity and GFPI (including their respective
      parents, affiliates, subsidiaries, officers, employees, agents and
      representatives) as additional insureds under any and all applicable insurance
      policies.

    

    ARTICLE
      XII

    

    DISSOLUTION
      AND WINDING UP

    

    12.1 Events
      Causing Dissolution.
      The
      Company shall be dissolved upon the first of the following events to
      occur:

    

    (a)
      (i)
      The unanimous consent of Members at any time to dissolve and wind up the affairs
      of the Company, (ii) twelve (12) months after notice is given by a Member of
      its
      intention to dissolve and wind up the affairs of the Company, (iii) the
      determination of GN pursuant to Section 8.1(c) or (iv) the determination of
      the
      non-breaching Member to dissolve and wind up the affairs of the Company
      following a material breach by the other Member (or the Affiliates of such
      other
      Member) of its obligations hereunder, which breach, if curable, is not cured
      within thirty (30) days following notice;

    

    (b)
      The
      bankruptcy or dissolution of a Member; or

    

    (c)
      The
      occurrence of any other event that causes the dissolution of a limited liability
      company under the LLC Law.

    

    (d)
      A
      Member may not withdraw from the Company prior to its dissolution and winding
      up. A Member which withdraws in violation of the terms hereof shall not be
      entitled to receive a distribution of Distributable Funds and shall not
      otherwise be entitled to received the fair value of its Membership Interest.
      If
      a Member's wrongful acts (including, without limitation, withdrawal in violation
      of the terms hereof) precipitate the dissolution and winding up of the Company,
      nothing herein will be deemed to relieve such Member of its liability to the
      Company and/or the other Member for damages resulting therefrom.

    

    12.2 Winding
      Up.
      If the
      Company is dissolved pursuant to Section 12.1, the Company's affairs shall
      be
      wound up as soon as reasonably practicable in the manner set forth
      below.

     

    
 

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    
 

    (a)
      The
      winding up of the Company's affairs shall be supervised by a liquidator (the
      "Liquidator"). The Liquidator shall be both Members unless they otherwise agree;
      provided, however, that if dissolution (i) results from a Member's breach of
      its
      obligations hereunder, the Liquidator will be the non-breaching Member or (ii)
      takes place pursuant to Section 8.1(c) above, the Liquidator will be
      GN.

    

    (b)
      In
      winding up the affairs of the Company, the Liquidator shall have full right
      and
      unlimited discretion, in the name of and for and on behalf of the Company
      to:

    

    (i)
      Prosecute and defend civil, criminal or administrative suits;

    

    (ii)
      Collect Company assets, including obligations owed to the Company;

    

    (iii)
      Settle and close the Company's business;

    

    (iv)
      Dispose of and convey all Company property;

    

    (v)
      Pay
      all reasonable selling costs and other expenses incurred in connection with
      the
      winding up of the proceeds of the disposition of Company property;

    

    (vi)
      Discharge the Company's known liabilities and, if necessary, to set up, for
      a
      period not to exceed five (5) years after the date of dissolution, such cash
      reserves as the Liquidator may deem reasonably necessary for any contingent
      or
      unforeseen liabilities or obligations of the Company;

    

    (vii)
      Distribute any remaining proceeds from the sale of Company Property to the
      Members;

    

    (viii)
      Prepare, execute, acknowledge and file articles of dissolution under the LLC
      Law
      and any other certificates, tax returns or instruments necessary or advisable
      under any applicable law to effect the winding up and termination of the
      Company; and

    

    (ix)
      Exercise, without further authorization or consent of any of the parties hereto
      or their legal representatives or successors in interest, all of the powers
      conferred upon the Members under the terms of this Agreement to the extent
      necessary or desirable in the good faith judgment of the Liquidator to perform
      its duties and functions. While acting in such capacity on behalf of the
      Company, the Liquidator shall be entitled to the indemnification rights set
      forth in the Certificate of Formation and in Article XI.

    

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    12.3 Compensation
      of Liquidator.
      The
      Liquidator appointed as provided herein, if a party other than the Members
      or
      their Affiliates, shall be entitled to receive such reasonable compensation
      for
      its services as shall be agreed upon by the Liquidator and the
      Members.

    

    
      	 	
              12.4

            	
              Distribution
                of Company Property and Proceeds of Sale Thereof.
                

            

    

    

    (a)
      Upon
      completion of all desired sales of the Company's property, and after payment
      of
      all selling costs and expenses, the Liquidator shall distribute the proceeds
      of
      such sales, and any Company property that is to be distributed in kind, to
      the
      following groups in the following order of priority:

    

    (i)
      to
      satisfy Company liabilities to creditors, including Members who are creditors,
      to the extent otherwise permitted by law (other than for past due Company
      distributions), whether by payment or establishment of reserves;

    

    (ii)
      to
      satisfy Company obligations to Members and former Members to pay past due
      Company distributions; and

    

    (iii)
      then, to the Members, in accordance with the positive balances in their
      respective Capital Accounts.

    

    All
      distributions required under this Section 12.4 shall be made to the Members
      by
      the end of the taxable year in which the liquidation occurs or, if later, within
      90 days after the date of such liquidation.

    

    (b)
      The
      claims of each priority group specified above shall be satisfied in full before
      satisfying any claims of a lower priority group. If the assets available for
      disposition are insufficient to dispose of all of the claims of a priority
      group, the available assets shall be distributed in proportion to the amounts
      owed to each creditor or the respective Membership Interests of each Member
      in
      such group.

    

    12.5 Specified
      Assets.
      Notwithstanding any contrary implication herein, in the event of dissolution,
      Product formulations shall be retained by VQT and shall not be considered
      Company property, and all rights in and to the Foreman Indicia and the Brand
      shall be retained by GN and shall not be considered Company
      property.

    

    12.6 Final
      Audit.
      Within
      a reasonable time following the completion of the liquidation, the Liquidator
      shall supply to each of the Members a statement that shall set forth the assets
      and the liabilities of the Company as of the date of complete liquidation and
      each Member's pro rata portion of distributions pursuant to Section
      12.4.

     

    
 

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

    

    

    ARTICLE
      XIII

    

    MISCELLANEOUS
      PROVISIONS

    

    13.1 Notice.
      All
      notices permitted or required to be given to any Person hereunder must be given
      in writing and will be deemed to be duly given on the date of delivery if
      delivered in person or sent by facsimile transmission or on the earlier of
      actual receipt or three (3) business days after the date of mailing if mailed
      by
      registered or certified mail, first class postage prepaid, return receipt
      requested, to such Person, at the last known address of such Person on the
      Company records. Copies of all notices to GN shall simultaneously be sent to
      Franklin, Weinrib, Rudell & Vassallo, P.C., 488 Madison Avenue, New York, NY
      10021, Facsimile Number (212) 308-0642, Attention: Kenneth M. Weinrib,
      Esq.

    

    13.2 Counterparts.
      This
      Agreement may be executed in several counterparts, each of which will be deemed
      an original but all of which will constitute one and the same.

    

    13.3 Entire
      Agreement.
      This
      Agreement and the Exhibits hereto constitute the entire agreement between the
      parties hereto and contain all of the agreements between such parties with
      respect to the subject matter hereof. This Agreement (including the Exhibits
      hereto) supersedes
      any and all other agreements, either oral or written, between such parties
      with
      respect to the subject matter hereof. There are no representations, warranties
      or covenants by GN other than those set forth in this Agreement and the
      Trademark License and Services Agreement. 

    

    13.4 Partial
      Invalidity.
      Wherever possible, each provision hereof shall be interpreted in such manner
      as
      to be effective and valid under applicable law, but in case any one or more
      of
      the provisions contained herein shall, for any reason, be held to be invalid,
      illegal or unenforceable in any respect, such provision shall be ineffective
      to
      the extent, but only to the extent, of such invalidity, illegality or
      unenforceability without invalidating the remainder of such invalid, illegal
      or
      unenforceable provision or provisions or any other provisions hereof, unless
      such a construction would be unreasonable.

    

    13.5 Amendment.
      This
      Agreement may be amended only by a written agreement executed by all
      Members.

    

    13.6 Binding
      Effect.
      Subject
      to the provisions of this Agreement relating to transferability, this Agreement
      will be binding upon and shall inure to the benefit of the parties, and their
      respective successors and permitted assigns.

    

    13.7 Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York applicable to contracts made and to be wholly performed
      therein. Subject to Section 13.10 below, the parties hereto hereby consent
      to

     

    
 

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

    the
      venue
      and personal jurisdiction in the Supreme Court of the State of New York or
      any
      United States District Court within the State of New York and courts with
      appellate jurisdiction therefrom. In the event of a direct conflict between
      the
      provisions of this Agreement and the mandatory provisions of the LLC Law or
      any
      provision of the Certificate of Formation, the LLC Law and the Certificate
      of
      Formation, in that order of priority, will control.

    

    13.8 Further
      Assurances.
      In
      connection with this Agreement and the transactions contemplated hereby, each
      Member shall (and shall cause its Affiliates to) execute and deliver any
      additional documents and instruments and perform such acts as may be necessary
      or appropriate to effectuate and perform the provisions of this Agreement.
      No
      Member shall withhold its signature or fail to attend meetings of Members for
      purposes of frustrating the implementation of the transactions contemplated
      by
      this Agreement.

    

    13.9 Construction.
      In
      resolving any dispute or construing any provision in this Agreement, there
      shall
      be no presumption made or inference drawn (a) because the attorneys for one
      of
      the parties drafted this Agreement, (b) because of the drafting history of
      this
      Agreement, or (c) because of the inclusion of a provision not contained in
      a
      prior draft or the deletion of a provision contained in a prior
      draft.

    

    13.10
      Arbitration.
      Any
      controversy or claim arising out of or relating to this Agreement or the breach
      thereof shall be settled by arbitration in New York City administered by the
      American Arbitration Association in accordance with its Commercial Arbitration
      Rules, and judgment on the award rendered by the arbitrator(s) may be entered
      in
      any court having jurisdiction thereof.

    

    13.11 Miscellaneous.
      The
      failure of either party hereto to exercise in any respect any right provided
      for
      herein shall not be deemed a waiver of any right hereunder. The headings of
      sections and other subdivisions of this Agreement are for convenient reference
      only, and shall not be used in any way to govern, limit, modify or construe
      this
      Agreement or otherwise be given any legal effect. VQT's remedies shall be
      limited to the right, if any, to obtain damages at law in the event of a breach
      hereunder by GN, and VQT shall not have the right in such event to equitable
      relief or to enjoin or restrain the use and exploitation of the Foreman Indicia
      or the services of George Foreman. It is understood and agreed that in the
      event
      an act of government, war, fire, flood, an Act of God or labor trouble, or
      any
      other similar or dissimilar reasons beyond the control of a party to this
      Agreement prevents the performance by such party of the provisions of this
      Agreement, then such nonperformance shall not be considered a breach of this
      Agreement and such nonperformance shall be excused while the conditions
      described herein prevail.

    

    

    

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

     

    
 

    IN
      WITNESS WHEREOF, the
      parties hereto have executed this Agreement on the dates set below their names,
      to be effective on the date first above written.

    

     

    

                G-NUTRITIONAL,
      LLC

                BY:
      George Foreman
      Ventures, LLC, Managing Member

                By:
/s/
      Efrem
      Gerszberg                                  

                Name:
Efrem
      Gerszberg                        
  

                Title:
President                                       
         

     

     

    

        
      VITAQUEST
      INTERNATIONAL LLC

    

                
By:
/s/
      Keith
      Frankel                           

                    
Name:
Keith
      Frankel                  
          

        
                              Title:
      President                           
                  

     

     

     

    
 

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

     

    
 

    EXHIBIT
      4.1

    

    [Initial
      Capital Contributions and Cash Flow Schedule]

    

    Initial
      Capital Contributions

    

    1)
      GN -
      $175,350 (i.e., 50.1%) payable promptly following execution of this
      Agreement.

    

    2)
      VQT -
      $174,650 (i.e., 49.9%) payable promptly following execution of this
      Agreement.

    

    

    Cash
      Flow Schedule and Initial Budget

    

    To
      be
      provided by VQT to GN within thirty (30) days of the complete execution of
      this
      Agreement.

     

     

     

     

     

     

     

     

    24Exhibit 10.2 Trademark License & Services Agreement

    
      

    

     

                                                                                                    Exhibit
      10.2

     

     

    Trademark
      License and Services Agreement

    

    This
      Trademark License and Services Agreement (this "Agreement") is made as of 
September 7, 2006, between Vita Ventures, LLC, a Delaware Limited Liability
      Company ("Licensee"), 8 Henderson Drive, West Caldwell, New Jersey 07006,
      Attention: Keith Frankel, and G-Nutritional, LLC, a Delaware limited liability
      company ("GN" and together with Licensee, the "Parties"), c/o George Foreman
      Enterprises, Inc., 100 North Wilkes-Barre Blvd., 4th Floor, Wilkes-Barre, PA
      18702, Attention: Efrem Gerszberg. Terms not otherwise defined herein shall
      have
      the meanings ascribed to them in the Operating Agreement (defined
      below).

     

    WHEREAS,
      concurrently herewith, Vitaquest International LLC ("VQT") and GN have entered
      into a certain Operating Agreement (the "Operating Agreement"); 

     

    WHEREAS,
      GN controls right to use the name and likeness (the "Property") of George
      Foreman ("Celebrity") in connection with the sale of products principally
      related to wellness, vitamins and nutritional supplements (the "Products");
      

     

    WHEREAS,
      GN has the power and authority to grant to Licensee the right, privilege and
      license to use the Property in connection with the sale of the Products; and
      

     

    WHEREAS,
      Licensee desires to obtain from GN a license to use the Property in connection
      with the sale of the Products.

     

    NOW,
      THEREFORE, in consideration of the Operating Agreement and the foregoing
      premises and for other good and valuable consideration, the receipt and
      sufficiency of which is hereby acknowledged, the Parties hereby agree as
      follows:

     

    Section
      1. Grant.
      

     

    Subject
      to the terms and conditions hereof, GN hereby grants Licensee the world-wide
      non-exclusive license to use the Property during the Term (as defined below)
      in
      connection with the sale of the Products.

     

    Section
      2. Services.
      

     

    2.1. GN
      shall
      cause Celebrity to perform such services, at no charge except as otherwise
      provided herein, for the purpose of shooting one (1) infomercial as may be
      approved in advance by GN (the "Services") during the Term. Notwithstanding
      any
      implication herein to the contrary, in no event will Celebrity be required
      to
      perform more than three (3) days of services hereunder during the Term (of
      which
      no more than two (2) days may be consecutive, unless Celebrity otherwise agrees
      in writing) in connection with the shooting of the single infomercial, exclusive
      of travel time.

     

    2.2. Celebrity
      shall perform the Services at times and places reasonably convenient to
      Celebrity. Licensee acknowledges that Celebrity shall not be required to perform
      services on any Saturday or Sunday, nor to perform services on any Wednesday
      outside of Houston or that would conflict with Celebrity's community and
      religious obligations on such day. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Section
      3. Term
      and Termination.

     

    3.1. The
      license granted pursuant to this Agreement will commence on the date hereof
      and
      continue through the term of the Operating Agreement (the "Term"), unless sooner
      terminated pursuant to this Agreement or the Operating Agreement. For the
      purposes of clarity, this Agreement shall automatically terminate upon
      termination of the Operating Agreement for any reason.

     

    3.2. Licensee
      may terminate this Agreement by giving written notice to GN in the event that
      GN
      is in breach of any of its material obligations under this Agreement and such
      breach is not cured within thirty (30) days following delivery by Licensee
      to GN
      of written notice of such breach. 

     

    3.3. Without
      prejudice to any other rights or remedies available to GN, GN may terminate
      this
      Agreement at any time by giving written notice to Licensee in the event that
      Licensee is in breach of any of its material obligations under this Agreement
      or
      VQT is in breach of any of its material obligations under the Operating
      Agreement and such breach is not cured within thirty (30) days following
      delivery by GN to Licensee or VQT, as applicable, of written notice of such
      a
      breach pertaining to any such obligations hereunder or thereunder; provided,
      however, that if Licensee is in breach of (a) any of the approval rights of
      GN
      hereunder or (b) any of the provisions of Sections 4, 5, 7, 9 or 11 hereunder,
      GN may terminate this Agreement immediately by giving written notice to Licensee
      (i.e., without the necessity of providing any opportunity to cure).

     

    3.4. Provided
      Licensee is not in breach hereof, this Agreement is not terminated, and subject
      to GN's rights under the remainder of this Section 3.4, Licensee is entitled
      on
      a nonexclusive basis to sell finished units of the Products which it may still
      have in stock (but it may not manufacture additional Products) for a maximum
      period of two hundred forty (240) days after the expiration (but not the
      termination) of the Term of this Agreement. Upon expiration of the Term, or
      upon
      earlier termination for any reason, Licensee agrees that GN shall have the
      right
      (but not the obligation) to purchase from Licensee all or part of Licensee's
      then existing inventory of Products at Licensee's actual manufacturing cost
      therefor. If GN elects not to so purchase all or part of such inventory within
      two hundred forty (240) days following expiration or termination, Licensee
      shall
      thereupon immediately destroy such inventory and immediately discontinue any
      and
      all use of the Property and furnish to GN a certificate of destruction therefor
      in affidavit form, duly sworn by an officer of Licensee. Licensor shall have
      the
      right, at Licensor's election, to have a representative, selected by Licensor,
      observe such destruction. Notwithstanding the foregoing, if this Agreement
      is
      terminated, Licensee shall immediately discontinue any and all use of the
      Property upon such termination. 

     

    Section
      4. Scope
      of Use.
      

     

    Use
      of
      the Property by Licensee will be limited to use in electronic media, and in
      periodicals, newspapers, television, radio and cable broadcasting, the Internet,
      printed catalogs and direct mail materials, all solely in connection with the
      sale of the Products, and all subject to the terms and conditions hereof,
      including, without limitation, Section 9 hereof.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    Section
      5. Representations,
      Warranties and Covenants.

     

    5.1. GN
      warrants and represents that it is the owner of or controls the right to use
      the
      Property in connection with the sale of the Products, that it has the right
      and
      power to grant the license granted herein, and that there are no other
      agreements or commitments with any other party in conflict herewith. GN further
      warrants and represents that to the best of its knowledge the Property does
      not
      infringe any valid right of any third party.

     

    5.2. Licensee
      represents and warrants that it is fully authorized to enter into and perform
      this Agreement without violating the legal or equitable rights of any third
      party and that this Agreement has been duly and validly executed by Licensee
      and
      constitutes a valid and binding obligation upon Licensee enforceable against
      Licensee in accordance with its terms.

     

    5.3. Licensee
      represents, warrants and agrees that it will not knowingly permit, do or commit
      any act or thing that would degrade, tarnish or deprecate Celebrity, George
      Foreman Productions, Inc. ("GFPI") or GN, or Celebrity's, GFPI's or GN's public
      image in society or standing in the community.

     

    5.4. Licensee
      represents, warrants and agrees that any and all incidents, dialogue,
      characters, actions, "gags," material, ideas, inventions, ad lib, and other
      literary, dramatic and musical material written, composed, submitted, added,
      improvised, interpolated and invented and/or used by Licensee pursuant to this
      Agreement shall be wholly original and shall not, to the best of its knowledge,
      infringe upon or violate any copyright of or the right of privacy or any other
      rights of any person or entity and shall not constitute a libel or slander
      of
      any person, firm or corporation.

     

    5.5. Licensee
      represents, warrants and agrees that Licensee will comply with all applicable
      laws, regulations, orders, and ordinances in connection with the distribution
      of
      the Products and any other endeavors contemplated in this Agreement or otherwise
      and the engagement of Celebrity's services hereunder.

     

    5.6. Licensee
      represents, warrants and agrees that neither Licensee nor any of its
      representatives, agents or employees will disclose to any party or utilize
      any
      confidential or proprietary information obtained hereunder regarding GN, GFPI
      or
      Celebrity. 

     

    Section
      6. Indemnity.
      

     

    6.1. Licensee
      hereby indemnifies and holds GN, GFPI and Celebrity and their respective
      parents, subsidiaries and affiliates, and the shareholders, members, officers,
      directors, employees and representatives of each (collectively, "Licensor
      Indemnitees") forever harmless from and against any and all liability, claims
      and causes of action, for personal injury or otherwise, arising from Licensee's
      activities hereunder or the use of the Property and/or the Products, including
      without limitation, their manufacture or distribution, or from infringement
      of
      any patent, trademark, copyright or other proprietary right (other than a cause
      of action relating to the Property) in connection with the Products or any
      other
      materials created in connection with this Agreement, from any defect whether
      related to design, workmanship or materials or any other factor and whether
      or
      not the Products or such other materials have been approved by GN, from any
      claim of a breach or alleged breach of any of Licensee’s
      representations,

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    warranties
      and agreements hereunder, and from any other activity related to the Products
      or
      any other materials created in connection with this Agreement, which results
      in
      any Licensor Indemnitee being sued. None of GN, GFPI or Celebrity shall be
      liable for loss of profits or consequential damages.

     

    6.2. GN
      agrees
      to defend, indemnify and hold Licensee, its officers, directors, agents and
      employees, harmless against all liabilities, claims, causes of action, costs,
      expenses and losses incurred through claims of third parties against Licensee
      arising out of GN's breach of any representation or warranty
      hereunder.

     

    6.3. As
      between Licensee and GN, GN shall be accorded full control of the defense and/or
      settlement of any claims (including, without limitation, the right to settle
      by
      agreeing that Licensee will discontinue distribution of any allegedly infringing
      items) and the right to designate counsel. 

     

    6.4. The
      provisions of this section shall survive the expiration or termination of this
      Agreement. 

     

    Section
      7. Promotion.

     

    During
      the Term, GN shall have the right to approve the use by Licensee of any
      spokesperson other than Celebrity to promote any products or services of any
      of
      such entities. Licensee represents and covenants to GN that none of the Products
      nor any business operation of Licensee, VQT or Windmill Health Products
      currently involves or shall involve the sale or distribution of alcohol or
      tobacco products, firearms, political statements or sexual content and that
      it
      will not use the Property in connection with any product containing, or in
      any
      other context involving, alcohol, tobacco, firearms, political statements or
      sexual content. 

     

    Section
      8. Maintenance
      and Protection of the Property.
      

     

    Licensee
      agrees to inform GN of any encroachment or infringement of the Property which
      comes to the attention of Licensee. As between Licensee and GN, any litigation
      or other action to police the Property and to abate infringement shall be under
      the complete control of GN, and Licensee agrees to cooperate in any such
      litigation or action. As between Licensee and GN, GN may retain any money
      judgment or settlement in such action, without obligation to Licensee.

     

    Section
      9. Approvals.
      

     

    9.1. The
      Products, all packaging and containers (collectively, "Packaging") and all
      advertising, sales and other promotional materials and any other matter
      containing the Property prepared or otherwise to be used in or in connection
      with this Agreement (collectively "Other Materials") must be approved by GN
      in
      writing prior to their production and use (including, without limitation, the
      manner in which the Property and the trademarks associated therewith, and other
      elements licensed hereunder, may be presented). Licensee shall submit to GN
      for
      GN's review and written approval all preliminary and proposed final artwork
      and
      three-dimensional models which are to appear on, in or in connection with all
      Products, Packaging and Other Materials; thereafter, a preproduction sample
      of
      all Products, Packaging and Other Materials; and

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    thereafter
      six (6) samples of all Other Materials from the first production run of each
      supplier of Products, Packaging and Other Materials, as the case may be. GN
      shall have the right of approval over the general format of (e.g., appearance
      on
      a talk-show), principal people involved with (e.g., host of a talk-show) and
      other celebrities with whom Celebrity is to appear (but specifically excluding
      other celebrities appearing at different times at the same event or on the
      same
      program) in connection with each personal appearance required of Celebrity
      pursuant to this Agreement. GN shall endeavor to approve or disapprove any
      submitted material or request within a reasonable period of time; provided
      that
      any submitted material shall, in each instance, be deemed disapproved, unless
      within fifteen (15) days of GN's receipt of such submitted material, GN notifies
      Licensee to the contrary in writing. Approval or disapproval shall, in each
      such
      instance, lie solely in GN's discretion. Any Products, Packaging or Other
      Materials not so approved in writing shall be deemed unlicensed and shall not
      be
      manufactured, sold and/or distributed and, unless otherwise agreed to by GN
      in
      writing in its sole discretion, shall be destroyed.

     

    9.2. Except
      for the limited license specifically provided herein, it is agreed that GN
      is
      not transferring to Licensee any right to or interest in any copyright,
      trademark or service mark relating to the Property or to any elements thereof
      or
      any other copyright, trademark, or service mark owned or controlled by GN or
      to
      any elements thereof. As between GN and Licensee, all rights not specifically
      granted to Licensee hereunder are reserved by GN.

     

    9.3. Licensee
      agrees to manufacture the Products in strict conformity with the approved
      preproduction samples. Licensee will, at GN's request, accord GN at reasonable
      times and during business hours, access to the premises of Licensee including
      Licensee's production facilities for the purpose of confirming Licensee's
      adherence to the quality and other requirements imposed on Licensee pursuant
      to
      this Agreement. If, at any time, Licensee desires to have the Products
      manufactured or distributed by a third party, Licensee must, as a condition
      to
      the continuation of this agreement, notify GN of its desire together with the
      name and address of the proposed manufacturer or distributor, as applicable,
      and
      must obtain GN's prior written consent to do so, which consent is in GN's sole
      discretion. Subject to the next sentence, Windmill Health Products is hereby
      pre-approved by GN as distributor. If GN is prepared to grant such consent,
      it
      will be conditioned on the requirement that Licensee obtain a distribution
      agreement in a form designated by GN and executed by such manufacturer or
      distributor, as applicable.

     

    9.4. Licensee
      may not use all or any part of the Property (a) in any advertising or
      promotional material which relates to any product or service other than the
      Products or (b) in conjunction with any other name, character, symbol or design
      not included in the Property, unless otherwise approved and agreed to in writing
      by GN (in its sole discretion).

     

    9.5. Any
      and
      all products sold in conjunction with any Products as "upsales" (i.e., any
      other
      products to which customers are directed by Licensee, and/or their
      representatives or designees when purchasing or otherwise inquiring about any
      Products) shall be required to be Products hereunder for all purposes. Without
      limitation of the foregoing, all of such upsales shall be subject to all GN
      approvals hereunder, shall be labeled as Products so they are further identified
      as endorsed by the Celebrity, and shall be subject to the same financial
      arrangement as all other Products as provided for in the Operating
      Agreement.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    9.6. As
      a
      condition to the right of public distribution granted to Licensee hereunder,
      all
      Products, Packaging, advertising, sales and promotional materials and any other
      matter containing the Property shall bear such trademark or other notices of
      which GN may notify Licensee in writing. Licensee will comply with GN's
      instructions as to form, location and content of the notice(s) as GN may
      instruct from time to time.

     

    9.7. Licensee
      represents, warrants and agrees that all advertising materials and promotional
      materials and all Products, Packaging and Other Materials shall comply with
      all
      applicable laws and regulations. GN's approval of the use or manner of use
      of
      any proposed advertising or other material hereunder shall not constitute an
      opinion as to the legal appropriateness or adequacy of such use or manner of
      use, and in Licensee's use of the advertising materials and promotional
      materials, as between GN and Licensee, it shall be Licensee's sole
      responsibility to comply with all applicable laws and regulations.

     

    9.8. Licensee
      represents, warrants and agrees that all Products, Packaging and Other Materials
      shall be manufactured, distributed and/or performed, as applicable, in
      compliance with all federal, state and local laws, regulations and industry
      standards pertaining thereto (collectively, the "Laws, Regulations and
      Standards"), including, without limitation, the U.S. Fair Labor Standards Act.
      If pursuant to the terms hereof, any Products, Packaging or Other Materials
      are
      manufactured by a third party, then Licensee shall provide in its agreement
      with
      such third party that such party will comply with all Laws, Regulations and
      Standards.

     

    9.9. This
      Section shall survive the expiration or termination of this Agreement.

     

    Section
      10. Product
      Liability and Errors and Omissions Insurance.
      

     

    Licensee
      shall obtain and maintain at Licensee's expense, during the Term, and for three
      (3) years thereafter, general liability, product liability and completed
      operations insurance naming GN, GFPI and Celebrity as insured parties (including
      their respective parents, affiliates, subsidiaries, officers, employees, agents
      and representatives), from a qualified insurance carrier approved in writing
      by
      GN in the amount of at least Five Million Dollars ($5,000,000) for personal
      and
      bodily injury and identical additional amounts for property damage. This policy
      shall specify that it covers all Products, Packaging and Other Materials
      manufactured or distributed hereunder and that it may not be modified or
      canceled by the insurer, except after thirty (30) days' prior written notice
      by
      the insurer to GN; if such cancellation takes place or the policy's coverage
      is
      diminished in any way, GN may terminate this Agreement. Prior to manufacturing
      or distributing any Products, Packaging or Other Materials hereunder, Licensee
      shall provide GN with a copy of such policy and a certificate of insurance
      naming GN, GFPI and Celebrity and their respective parents, affiliates,
      subsidiaries, officers, employees, agents and representatives as insured parties
      as aforesaid. If any audio or audiovisual works (e.g., television commercials)
      are produced hereunder using Celebrity or the Property, then Licensee shall
      obtain errors and omissions insurance in similar amounts and with similar
      requirements as aforesaid. Compliance herewith in no way limits Licensee's
      obligations hereunder.

     

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      Section
        11. Acknowledgments.

    

     

    11.1. Licensee
      acknowledges that all rights and goodwill associated with the Property will
      be
      used by Licensee or under its authority in the manner and pursuant to the terms
      and conditions contained herein. Licensee will make all solicitations and sales
      solely in its own name.

     

    11.2. It
      is
      acknowledged that the rights and powers retained by GN hereunder are necessary
      to protect the trademark and property rights of GN and, specifically, to
      conserve the goodwill and good name of Celebrity and the Property, and therefore
      Licensee agrees that it will not knowingly allow the same to become involved
      in
      matters which will or could detract from, or impugn the public acceptance and
      popularity thereof, or impair their legal status.

     

    11.3. Licensee
      acknowledges that as between GN and Licensee, GN is the owner of all right,
      title and interest in and to the Property and in all copyrights, trademarks
      and
      other rights associated therewith, and in all artwork, copy, literary text,
      packaging, advertising and promotional material of any sort which utilize the
      foregoing (including all such materials developed by or under the authority
      of
      Licensee), and the goodwill pertaining to all of the foregoing; Licensee hereby
      assigns to GN all right, title and interest including all copyrights, and
      renewals and extensions of copyright, in and to any and all such materials
      developed by or under the authority of Licensee, and warrants that, following
      the Term, GN will have the right to use and exploit and authorize the
      exploitation of such materials in any manner as GN elects without obligation
      to
      Licensee or any other entity whatsoever.

     

    Section
      12. No
      Assignment.
      

     

    Licensee
      may not sublicense, assign, or encumber the rights granted to it hereunder
      or
      delegate its obligations hereunder, in whole or in part without GN's prior
      written consent which in each such instance shall be at GN's sole discretion.
      Any sublicense, assignment or encumbrance in derogation of the foregoing shall
      be null and void. The requirement of consent shall also apply in the case of
      total or partial sale or other alienation of a substantial portion of Licensee's
      assets, membership interests or business. 

     

    Section
      13. Expenses.
      

     

    13.1. Except
      as
      otherwise provided herein, each Party shall bear its own costs and expenses
      (including legal and accounting fees and expenses) incurred in connection with
      this Agreement and the transactions contemplated hereby.

     

    13.2. All
      out-of-pocket travel and other costs and expenses, including the cost of
      transportation, lodging and meals, incurred by Celebrity and GN in connection
      with Celebrity's appearances on behalf of Licensee shall be reimbursed by
      Licensee within thirty (30) days of Licensee's receipt of documentation,
      including receipts, of such costs and expenses. Licensee acknowledges that,
      to
      the extent Celebrity is required to travel more than 50 miles outside of
      Houston, Texas in connection with the performance of his services, Celebrity
      will be given a roundtrip first class ticket and, if used, a companion ticket
      (by air, if appropriate, and between Houston, Texas and the destination),
      exclusive ground transportation and separate first class hotel accommodations
      for himself (suite, if available) and his companion (regular room).
      Notwithstanding the foregoing, Celebrity may elect to arrange for alternate
      means of

     

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

     

    transportation
      in lieu of any air transportation otherwise to be provided for by Licensee
      pursuant to the preceding sentence, for which Celebrity shall be entitled to
      be
      reimbursed, for his actual alternative transportation costs but in no event
      to
      exceed the costs of the first class air transportation offered by
      Licensee.

     

    Section
      14. Miscellaneous.
      

     

    14.1. All
      notices permitted or required to be given to any Party hereunder must be given
      in writing and will be deemed to be duly given on the date of delivery if
      delivered in person or sent by facsimile transmission or on the earlier of
      actual receipt or three (3) business days after the date of mailing if mailed
      by
      registered or certified mail, first class postage prepaid, return receipt
      requested, to such Party, at such Party's address at the beginning of this
      Agreement, unless a different address is designated in writing by such Party.
      Copies of all notices to GN shall simultaneously be sent to Franklin, Weinrib,
      Rudell & Vassallo, P.C., 488 Madison Avenue, New York, NY 10021, Facsimile
      Number (212) 308-0642, Attention: Kenneth M. Weinrib, Esq.

     

    14.2. This
      Agreement may be executed in several counterparts, each of which will be deemed
      an original but all of which will constitute one and the same.

     

    14.3. This
      Agreement constitutes the entire agreement between the Parties and contains
      all
      of the agreements between such Parties with respect to the subject matter
      hereof. This Agreement supersedes
      any and all other agreements, either oral or written, between such parties
      with
      respect to the subject matter hereof. There are no representations, warranties
      or covenants by GN other than those set forth in this Agreement and the
      Operating Agreement. 

     

    14.4. Wherever
      possible, each provision hereof shall be interpreted in such manner as to be
      effective and valid under applicable law, but in case any one or more of the
      provisions contained herein shall, for any reason, be held to be invalid,
      illegal or unenforceable in any respect, such provision shall be ineffective
      to
      the extent, but only to the extent, of such invalidity, illegality or
      unenforceability without invalidating the remainder of such invalid, illegal
      or
      unenforceable provision or provisions or any other provisions hereof, unless
      such a construction would be unreasonable.

     

    14.5. This
      Agreement may be amended only by a written agreement executed by both
      Parties.

     

    14.6. Subject
      to Section 12 above, this Agreement will be binding upon and shall inure to
      the
      benefit of the parties, and their respective successors and permitted
      assigns.

     

    14.7. This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York applicable to contracts made and to be wholly performed
      therein. Subject to Section 14.9 below, the Parties hereby consent to the venue
      and personal jurisdiction in the Supreme Court of the State of New York or
      the
      United States District Court, Southern District of New York, and courts with
      appellate jurisdiction therefrom.

     

    14.8. In
      resolving any dispute or construing any provision in this Agreement, there
      shall
      be no presumption made or inference drawn (a) because the attorneys for one
      of
      the parties

     

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

     

    drafted
      this Agreement, (b) because of the drafting history of this Agreement, or (c)
      because of the inclusion of a provision not contained in a prior draft or the
      deletion of a provision contained in a prior draft.

     

    14.9. Any
      controversy or claim arising out of or relating to this Agreement or the breach
      thereof shall be settled by arbitration in New York City administered by the
      American Arbitration Association in accordance with its Commercial Arbitration
      Rules, and judgment on the award rendered by the arbitrator(s) may be entered
      in
      any court having jurisdiction thereof. Notwithstanding the foregoing, nothing
      herein contained shall be deemed to limit the right of the parties to seek
      or
      obtain injunctive relief from a court of law, pending ultimate disposition,
      if
      applicable, pursuant to arbitration as aforesaid. 

     

    14.10. Nothing
      contained herein shall constitute this arrangement to be employment, a joint
      venture or a partnership.

     

    14.11. The
      failure of either Party to exercise in any respect any right provided for herein
      shall not be deemed a waiver of any right hereunder. The headings of sections
      and other subdivisions of this Agreement are for convenient reference only,
      and
      shall not be used in any way to govern, limit, modify or construe this Agreement
      or otherwise be given any legal effect. Licensee's remedies shall be limited
      to
      the right, if any, to obtain damages at law in the event of a breach hereunder
      by GN, and Licensee shall not have the right in such event to equitable relief
      or to enjoin or restrain the use and exploitation of the Property or the
      services of Celebrity. It is understood and agreed that in the event an act
      of
      government, war, fire, flood, an Act of God or labor trouble, or any other
      similar or dissimilar reasons beyond the control of a party to this Agreement
      prevents the performance by such party of the provisions of this Agreement,
      then
      such nonperformance shall not be considered a breach of this Agreement and
      such
      nonperformance shall be excused while the conditions described herein
      prevail.

     

    

     

    [signature
      page to follow]

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

        
        

      

    

    IN
      WITNESS WHEREOF, the Parties have duly executed this Trademark License and
      Services Agreement as of the date set forth above.

    

    

    VITA
      VENTURES, LLC

    

    By:
      G-Nutritional, LLC

    By:
      /s/ Keith
      Frankel                                      
      

    Name:
      Efrem
      Gerszberg                                   

    Title:
      Member
      Representative                        

    By:
      VITAQUEST INTERNATIONAL LLC

    By:
      /s/ Keith
      Frankel                                        

    Name:
      Keith
      Frankel                                         

    Title:
      Member
      Representative                        

    

    

    G-NUTRITIONAL,
      LLC

    BY:
      George Foreman Ventures, LLC, Managing Member

    By:
      /s/ Efrem
      Gerszberg                                  
      

    Name:
       Efrem
      Gerszberg                                 
 

    Title:
      President                                                
         

     

     

     

     

    10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}]]