Document:

whdi8k20100119ex10-4.htm

    
      

      

    

    Exhibit 10.4

    
       

      
        
          SETTLEMENT
AGREEMENT AND RELEASE OF ALL CLAIMS

           

          This
settlement agreement and mutual release of all claims (Settlement Agreement) is
made and entered into as of this 19th day of January, 2010 by and between Who’s
Your Daddy, Inc., a California corporation (“WYD CA”), Who’s Your Daddy, Inc., a
Nevada corporation (“WYD NE”) (collectively referred to herein as “the
Companies”) and Fish & Richardson P.C. (“Fish”), a Massachusetts
professional corporation.

           

          RECITALS

           

          WHEREAS,
Fish obtained a now-final judgment against the Companies as a result of an
action in San Diego Superior Court, Case Number
37-2008-00083932-CU-CL-CTL  for unpaid legal fees and costs (“State
Court Judgment”); and,

           

          WHEREAS,
no part of the judgment or subsequently accruing costs or interest has been
paid; and,

           

          WHEREAS,
WYD CA had previously granted Fish a first priority security interest in all of
the trademarks owned by it and all associated goodwill; and,

           

          WHEREAS,
Fish has commenced an action in United States District Court Southern District
of California, Case Number 09 CV 1993 W POR (“Federal Action”) against WYD CA to
foreclose on the security interest in its trademarks;

           

          NOW,
THEREFORE in consideration of the promises and covenants set forth in this
Settlement Agreement and for other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the parties hereto expressly
agree as follows:

          
            
               

            

            
               

              
                

              

            

            
               

            

          

           

          1.          
  Settlement. WYD CA agrees to
transfer all right, title and interest in and to the trademarks which are the
subject of Fish’s security interest (the “Marks”) to Fish absolutely and
unconditionally and free of all liens and encumbrances.  Pursuant to
the foregoing, WYD CA shall execute and deliver to Fish as of the effective date
a Trademark Assignment in the form attached as Exhibit A.  Upon the
completion of the said transfer of the trademarks to Fish, the State Court
Judgment will be fully satisfied and Fish will acknowledge a full satisfaction
of judgment.  Further, upon the completion of the said transfer of the
Marks to Fish, Fish will dismiss the Federal Action with
prejudice.

           

          1.1           Discontinuation
of Use.  Within twenty (20) days of the effective date of this
Settlement Agreement, the Companies agree to permanently discontinue any and all
use whatsoever of the Marks, except as otherwise expressly set forth in this
Section 1.  The Companies further agree that they will not adopt, use,
apply to register or register anywhere in the world for any and all goods and
services the Marks, or any other mark that may cause likelihood of confusion
with or dilution of the Marks.  For purposes of this Settlement
Agreement, use includes but is not limited to use as a trade name, as a company
name, in a logo or slogan, as an e-mail address, in a domain name or URL, on web
sites, in correspondence, on letterhead, business cards, and promotional and
marketing materials, and on signage.  The Companies further agree not
to assign any actual or claimed rights in the Marks to any third
party.

           

          1.2           Africa.  The
Companies shall retain all rights to use, register and license the Marks in the
continent of Africa.  Fish, and its assigns and/or successors shall
not challenge, contest, oppose, seek to cancel, or otherwise object to the
Companies’ use and/or registration of the Marks in Africa or their rights
therein, except on the grounds of non-use, abandonment or fraud based on actions
occurring after the effective date of this Settlement
Agreement.

          
            
               

            

            
               

              
                

              

            

            
               

            

          

           

          1.3           Beryt.  Pursuant
to the Agreement Regarding Use of Who’s Your Daddy Energy Shots between the
Companies and Beryt Promotion, LLC (“Beryt”), attached hereto as Exhibit B,
Beryt has the limited right to use the WHO’S YOUR DADDY trademark, solely in
connection with the sale or give-away of WHO’S YOUR DADDY-branded energy shots
and the promotion thereof within the city of Las Vegas, Nevada until April 13,
2010.  After such date, Beryt has agreed to permanently discontinue
all commercial use of the WHO’S YOUR DADDY trademark and will retain no rights
in the same.

           

          1.4           Product
Formulas and Flavors.  The Companies shall retain all rights to
use and license their existing product formulas, recipes and flavors, so long as
such products are not marketed in connection with the Marks.  The
Companies may retain the basic color schemes of their existing product packaging
and cans, but may not adopt any of the distinctive logos and designs that are
being assigned herein and under Exhibit A.  Fish, and its assigns
and/or successors shall not use the Companies’ existing product formulas nor
adopt the precise color schemes that the Companies use with their WHO’S YOUR
DADDY-branded energy drinks as of the effective date of this Settlement
Agreement.

           

          1.5           Domain
Names.  Pursuant to the Assignment Agreement attached hereto as
Exhibit A, the Companies agree to immediately transfer ownership of the
<whosyourdaddyinc.com> domain to Fish.  The Companies may retain
ownership of the <wydenergy.com> and <wydmail.com> domains until
their expiration date, which are September 16, 2010 and December 22, 2010,
respectively.  As of the effective date of the Settlement Agreement,
the Companies will permanently remove all content from the <wydenergy.com>
and <wydmail.com> websites, except to inform consumers of their
name-change and to redirect consumers to an entirely new site which does not use
the Marks.  The Companies agree to permanently cease all use of the
<wydenergy.com> and <wydmail.com> domains and any email addresses
containing such domains upon their expiration dates of September 16, 2010 and
December 22, 2010, respectively, and to allow such domain registrations to lapse
when they are set to expire on those dates.

          
            
               

            

            
               

              
                

              

            

            
               

            

          

           

          1.6           Corporate
Names.  The Companies agree to file certificates of
dissolution, cancellation or amendments to their articles of organization with
the Secretaries of State of California and Nevada to effect their corporate name
change and forward copies of those documents to Fish on or before June 30,
2010.  Pursuant to Section 1.1, except for the limited purpose of
complying with corporate formalities until June 30, 2010, the Companies may not
use the Marks in any manner, and the new or amended corporate entity names for
the Companies shall not incorporate the Marks or any derivatives
thereof.

           

          2.      
      Representations
and Warranties.  WYD CA hereby represents and warrants that it
is the owner of all right, title and interest in and to the Marks and that the
Marks are free and clear of all liens, mortgages, pledges, security interests,
prior assignments and encumbrances of any kind whatsoever.  WYD CA
further represents and warrants that neither the Marks nor the use of such Marks
infringe or otherwise conflict or interfere with any rights whatsoever of any
other person or party in the United States.  WYD CA further represents
and warrants that neither the execution and delivery of this Agreement nor
consummation of the actions contemplated herein will violate any security
agreement, indenture, order, other instrument or agreement to which WYD CA is a
party and by which WYD CA and/or the Marks are bound.

           

          3.         
   Indemnification.  By
entering into this Agreement, Fish assumes no liabilities of the
Companies.  The Companies shall indemnify and hold harmless Fish, its
officers, directors, agents, employees and permitted assigns, from and against
any and all claims, suits, damages, liabilities, costs and expenses, including,
but not limited to court costs and reasonable attorneys’ fees, arising out of or
based on: (i) any past act, omission or negligence by the Companies with respect
to the performance of their obligations to third parties arising in connection
with the Marks; or (ii) the infringement of any trademark application or
trademark of a third party arising out of the Marks.

           

          4.        
    Mutual
Release. Effective upon
the consummation
of the events in paragraph 1 above:

          
            
               

            

            
               

              
                

              

            

            
               

            

          

           

          The
parties to this Settlement Agreement do hereby expressly, voluntarily and
immediately release and discharge each other, their agents, attorneys, officers,
directors, subsidiaries, predecessors, successors and assigns, of and from any
and all past and present actions, cause of actions, suits, counterclaims, debts,
charges, complaints, claims, liabilities, contracts, obligations, damages and
expenses, of any nature whatsoever, both in law and in equity or otherwise, at
any and all times prior to the date of this Release.

           

          Subject
to the terms of this Settlement Agreement, all the parties hereto hereby
relinquish all claims, whether known or unknown, that they may have against each
other.  The parties expressly waive any and all rights and benefits
conferred upon them by the provisions of Section 1542 of the Civil Code of the
State of California, which provides:

           

          A
GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR
SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THIS RELEASE, WHICH IF
KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE
PLAINTIFF.

           

          This
waiver is not a mere recital but is a knowing waiver of the rights and benefits
otherwise available to the parties under this section.

           

          5.      
      No
Costs Or Fees. Each of the parties to this Settlement Agreement is to
bear, as between themselves, their own costs and attorneys' fees arising from
the transactions contemplated by this Settlement Agreement.

           

          6.         
   Successors
and Assigns. This Settlement Agreement shall inure to the benefit of and
be binding upon the parties, their affiliates, successors, heirs and
assigns.

          
            
               

            

            
               

              
                

              

            

            
               

            

          

           

          7.       
     Voluntary
and Informed Consent; Authority.  Each party to this Settlement
Agreement warrants that no promise or inducement to enter into this Settlement
Agreement has been offered, except as herein set forth and that this Settlement
Agreement is executed by each party without relying upon any statement or
representation by any other party or its representatives, including, but not
limited to, any representations concerning the nature and extent of any injury,
damages or legal liability.  Each party to this Settlement Agreement
has made such investigation of the facts and law pertaining to this settlement
and this Settlement Agreement, and of all matters pertaining thereto, as that
party deems necessary.  Each party also acknowledges that it has
either been represented by counsel during all stages of this dispute and has
acted with the advice of such counsel in executing this Settlement Agreement or,
by these words, informed of the parties’ right to independent counsel, afforded
a reasonable time to seek such advice, but has knowingly and intelligently
waived such right.  Without limitation of the foregoing, the Companies
acknowledge that they have not been represented by Fish in connection with the
matters contemplated hereby and have either obtained independent legal advice or
waive the right to seek it.  Each party hereto and each person
executing this Settlement Agreement acknowledges that the terms and conditions
of this Settlement Agreement have been completely read, and that the terms and
conditions are fully understood and voluntarily accepted and in connection
therewith, the parties acknowledge that each of them has had the benefit of
legal counsel in entering into the same and they warrant, represent and agreed
that they, and each of them, understand all of the terms and are voluntarily
executing the same of their own free will, without coercion or duress, or such
party or parties has or have knowingly and intelligently waived such
right.  Each party to this Settlement Agreement further represents and
warrants that it has full authority to enter into this Settlement
Agreement.

           

          8.       
     Joint
Drafting. The parties agree that
they have jointly participated in the drafting and preparation of this
Settlement Agreement, and that the language in this Settlement Agreement shall
be construed as a whole according to its fair meaning and not strictly for or
against either of the parties hereto.

           

          9.        
    Execution. This Settlement
Agreement may be' executed by each party on separate counterparts, each of which
when so executed and delivered shall be deemed an original and all of which
taken together constitute but one and the same instrument. Counterparts may be
transmitted by the parties to their counsel via telecopier, or by email in .pdf
format if convenient to do so, and such counterparts shall be deemed originals,
for all purposes.

          
            
               

            

            
               

              
                

              

            

            
               

            

          

           

          10.           Entire
Agreement. This Settlement
Agreement contains the entire agreement of the parties with respect to the
subject matter hereof and supersedes all prior and contemporaneous oral and
written agreements, discussions and statements. No supplement, modification,
waiver or termination of this Settlement Agreement shall be binding unless
executed in writing by the party or parties to be bound thereby. No wai0ver of
any of the provisions of this Settlement Agreement shall be deemed to constitute
a waiver of any other provisions hereof, whether or not similar, nor shall such
waiver constitute a continuing waiver.

           

          11.           Severability. If any Paragraph of
this Settlement Agreement or any portion thereof shall be held to be invalid,
illegal or unenforceable, the validity, legality or enforceability of the
remainder of this Settlement Agreement shall not in any way be affected or
impaired.

           

          12.           Choice
of Law. This Settlement
Agreement shall be construed and enforced under the laws of the State of
California.

           

          IN
WITNESS WHEREOF, the parties hereto have executed this Settlement Agreement as
of the date first above written.

           

          
 

          
            	
                    Who’s
      Your Daddy, Inc. (CA)

                  	 
      	
                    Fish
      & Richardson P.C.

                  
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                    By:
      ________________________

                  	 
      	
                    By:
      ________________________

                  
	
                          Michael
      Dunn, CEO

                  	 
      	
                          
      Roger D. Feldman, Senior Principal and General Counsel

                  
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                    Who’s
      Your Daddy, Inc. (NE)

                  	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                    By:
      ________________________

                  	 
      	 
      
	
                          Michael
      Dunn, CEO

                  	 
      	 
      

          

           

        

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
A - ASSIGNMENT

     

    WHEREAS,
Who’s Your Daddy, Inc., a corporation organized and existing under the laws of
the State of California, having a place of business at 26381 Crown Valley
Parkway, Mission Viejo, CA 92691 (“Assignor”) has adopted, used, is using and
has applied to register the trademarks and domain names identified in the
attached Schedule A
(herein referred to collectively as the “Property”) in the United States and
worldwide.

    

    WHEREAS,
Fish & Richardson P.C., a professional corporation organized and existing
under the laws of the State of Massachusetts, having a place of business at 225
Franklin Street, Boston, Massachusetts 02110 (“Assignee”), desires to acquire
the Property together with the good will of the business.

    

    NOW,
THEREFORE, for good and valuable consideration, the receipt and adequacy of
which is hereby acknowledged, Assignor does hereby sell, assign and transfer
unto Assignee, its successors and assigns all right, title and interest in and
to the Property together with the good will of the business symbolized by the
Property, including any trademark registrations that may have issued or
trademark applications that are pending in Assignor’s name for the
Property.  Assignor further sells, assigns and transfers unto Assignee
its entire right, title and interest in and to any and all causes of action and
rights of recovery for past infringement of the Property.

    

    Assignor
covenants that it or its representatives will, upon the request and at the
expense of Assignee, do all other lawful acts necessary to enable Assignee to
obtain, maintain and enforce full benefits from the rights and interests herein
assigned.

    

    
      
        
           

        

        
          1 of
7

          
            

          

        

        
           

        

      

    

    

    This
assignment shall be binding upon the successors and assigns of Assignor and
shall inure to the benefit of the successors and assigns of
Assignee.

    

    IN
WITNESS WHEREOF, said Assignor, has executed and delivered this instrument this
_____________ day of January, 2010.

     

    

    
      	 
      	 
      	 
      	
              WHO’S
      YOUR DADDY, INC.

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
              Date:

            	
              ____________,
      2010

            	
              By:

            	 
      
	 
      	 
      	
              Name:

            	
              Michael
      R. Dunn

            
	 
      	 
      	
              Title:

            	
              Chairman
      and CEO

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
              NOTARY:

            	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
              FISH
      & RICHARDSON P.C.

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
              Date:

            	
              ____________,
      2010

            	
              By:

            	 
      
	 
      	 
      	
              Name:

            	
              Roger
      D. Feldman

            
	 
      	 
      	
              Title:

            	
              General
      Counsel

            

    

    

    

    NOTARY:

    

    

    
      
        
           

        

        
          2 of
7

          
            

          

        

        
           

          
            

            Schedule
A

          

        

      

    

    

    
      	
              TRADEMARKS

            
	
              Mark

            	
              Country

            	
              Application
      No.

              Filing
      Date

            	
              Registration
      No.

              Registration
      Date

            
	
              WHO’S
      YOUR DADDY STYLE WITH AUTHORITY & Design

            	
              United
      States

            	
              78658016

              26
      Jun 2005

            	
              (pending)

            
	
              WHO’S
      YOUR DADDY

            	
              United
      States

            	
              78976525

              21
      Oct 2004

            	
              3389058

              26
      Feb 2008

            
	
              United
      States

            	
              78696818

              19
      Aug 2005

            	
              3212454

              27
      Feb 2007

            
	
              United
      States

            	
              78504067

              21
      Oct 2004

            	
              3011493

              01
      Nov 2005

            
	
              United
      States

            	
              78504061

              21
      Oct 2004

            	
              3078885

              11
      Apr 2006

            
	
              United
      States

            	
              76574439

              09
      Feb 2004

            	
              3656207

              21
      Jul 2009

            
	
              United
      States

            	
              76574444

              09
      Feb 2004

            	
              3548592

              23
      Dec 2008

            
	
              United
      States

            	
              76574445

              09
      Feb 2004

            	
              3084079

              25
      Apr 2006

            
	
              United
      States

            	
              76574443

              09
      Feb 2004

            	
              3084078

              25
      Apr 2006

            
	
              United
      States

            	
              76574442

              09
      Feb 2004

            	
              3315070

              23
      Oct 2007

            
	
              United
      States

            	
              76574441

              09
      Feb 2004

            	
              3084077

              25
      Apr 2006

            
	
              United
      States

            	
              76574440

              09
      Feb 2004

            	
              3084076

              25
      Apr 2006

            
	
              THE
      KING OF ENERGY

            	
              United
      States

            	
              78657979

              24
      Jun 2005

            	
              (pending)

            
	 
      
	
              WHO’S
      YOUR DADDY STYLE WITH AUTHORITY & Design

            	
              Bahamas

            	
              28975

              23
      Dec 2005

            	
              (pending)

            
	
              Bahamas

            	
              28976

              23
      Dec 2005

            	
              (pending)

            
	
              Bahamas

            	
              28977

              23
      Dec 2005

            	
              (pending)

            
	
              THE
      KING OF ENERGY

            	
              Bahamas

            	
              28978

              23
      Dec 2005

            	
              (pending)

            
	 
      
	
              THE
      KING OF ENERGY

            	
              China

            	
              IR879935

              19
      Dec 2005

            	
              IR879935

              19
      Dec 2005

            

       

      
        
          
          

        

        
          3 of
7

          
            

          

        

        
          
          

        

      

       

      
        	
                TRADEMARKS

              
	
                Mark

              	
                Country

              	
                Application
      No.

                Filing
      Date

              	
                Registration
      No.

                Registration
      Date

              

      

      	
              WHO’S
      YOUR DADDY STYLE WITH AUTHORITY & Design

            	
              Costa
      Rica

            	
              20060002

              02
      Jan 2006

            	
              163768

              06
      Nov 2006

            
	
              Costa
      Rica

            	
              20060003

              02
      Jan 2006

            	
              168233

              06
      Nov 2007

            
	
              Costa
      Rica

            	
              20060004

              02
      Jan 2006

            	
              163767

              11
      Jun 2006

            
	
              THE
      KING OF ENERGY

            	
              Costa
      Rica

            	
              20060001

              02
      Jan 2006

            	
              163769

              06
      Nov 2006

            
	 
      
	
              WHO’S
      YOUR DADDY

            	
              European
      Community

            	
              3303765

              06
      Aug 2003

            	
              3303765

              08
      Dec 2004

            
	
              THE
      KING OF ENERGY

            	
              European
      Community

            	
              IR879935

              19
      Dec 2005

            	
              IR879935

              19
      Dec 2005

            
	 
      
	
              WHO’S
      YOUR DADDY STYLE WITH AUTHORITY & Design

            	
              Hong
      Kong

            	
              300552843

              21
      Dec 2005

            	
              300552843

              12
      Sep 2006

            
	
              THE
      KING OF ENERGY

            	
              Hong
      Kong

            	
              300552852

              21
      Dec 2005

            	
              300552852

              15
      Jun 2006

            
	 
      
	
              WHO’S
      YOUR DADDY STYLE WITH AUTHORITY & Design

            	
              Indonesia

            	
              D002005029343

              23
      Dec 2005

            	
              IDM000135110

              19
      Sep 2007

            
	
              Indonesia

            	
              D002005029342

              23
      Dec 2005

            	
              IDM000135109

              19
      Sep 2007

            
	
              Indonesia

            	
              D002005029344

              23
      Dec 2005

            	
              IDM000135111

              19
      Sep 2007

            
	
              THE
      KING OF ENERGY

            	
              Indonesia

            	
              D002005029345

              23
      Dec 2005

            	
              (pending)

            
	 
      
	
              THE
      KING OF ENERGY

            	
              Iran

            	
              IR879935

              19
      Dec 2005

            	
              IR879935

              19
      Dec 2005

            
	 
      
	
              WHO’S
      YOUR DADDY STYLE WITH AUTHORITY & Design

            	
              Israel

            	
              186239

              22
      Dec 2005

            	
              186239

              07
      Aug 2007

            
	
              Israel

            	
              186240

              22
      Dec 2005

            	
              186240

              06
      Aug 2007

            
	
              Israel

            	
              186241

              22
      Dec 2005

            	
              186241

              06
      Aug 2007

            
	
              THE
      KING OF ENERGY

            	
              Israel

            	
              186242

              22
      Dec 2005

            	
              186242

              07
      Aug 2007

            

       

       

      
        
          
          

        

        
          4 of
7

          
            

          

        

        
          
          

        

      

      
        	
                TRADEMARKS

              
	
                Mark

              	
                Country

              	
                Application
      No.

                Filing
      Date

              	
                Registration
      No.

                Registration
      Date

              

      

      	
              WHO’S
      YOUR DADDY STYLE WITH AUTHORITY & Design

            	
              Jamaica

            	
              47860

              22
      Dec 2005

            	
              47860

              22
      Dec 2005

            
	 
      
	
              WHO’S
      YOUR DADDY

            	
              Japan

            	
              200580403

              29
      Aug 2005

            	
              4991423

              29
      Sep 2006

            
	 
      
	
              WHO’S
      YOUR DADDY STYLE WITH AUTHORITY & Design

            	
              Jordan

            	
              83580

              21
      Dec 2005

            	
              83580

              21
      Dec 2005

            
	
              Jordan

            	
              83579

              21
      Dec 2005

            	
              83579

              21
      Dec 2005

            
	
              Jordan

            	
              83330

              21
      Dec 2005

            	
              83330

              21
      Dec 2005

            
	
              THE
      KING OF ENERGY

            	
              Jordan

            	
              83581

              21
      Dec 2005

            	
              83581

              21
      Dec 2005

            
	 
      
	
              WHO’S
      YOUR DADDY STYLE WITH AUTHORITY & Design

            	
              Malaysia

            	
              05021654

              22
      Dec 2005

            	
              (pending)

            
	 
      
	
              WHO’S
      YOUR DADDY

            	
              Mexico

            	
              744939

              14
      Oct 2005

            	
              923606

              03
      Mar 2006

            
	
              Mexico

            	
              744941

              14
      Oct 2005

            	
              923839

              07
      Mar 2006

            
	
              Mexico

            	
              744940

              14
      Oct 2005

            	
              923607

              03
      Mar 2006

            
	
              THE
      KING OF ENERGY

            	
              Mexico

            	
              744938

              14
      Oct 2005

            	
              930715

              25
      Apr 2006

            
	
              Mexico

            	
              797720

              02
      Aug 2006

            	
              949543

              28
      Aug 2006

            
	 
      
	
              WHO’S
      YOUR DADDY STYLE WITH AUTHORITY & Design

            	
              Panama

            	
              14786001

              23
      Dec 2005

            	
              147860

              23
      Dec 2005

            
	
              Panama

            	
              14786101

              23
      Dec 2005

            	
              147861

              23
      Dec 2005

            
	 
      	
              Panama

            	
              14786201

              23
      Dec 2005

            	
              147862

              23
      Dec 2005

            
	
              THE
      KING OF ENERGY

            	
              Panama

            	
              14785901

              23
      Dec 2005

            	
              147859

              23
      Dec 2005

            

       

      
        
          
          

        

        
          5 of
7

          
            

          

        

        
          
          

        

      

      
        	
                TRADEMARKS

              
	
                Mark

              	
                Country

              	
                Application
      No.

                Filing
      Date

              	
                Registration
      No.

                Registration
      Date

              

      

      	
              THE
      KING OF ENERGY

            	
              Russian
      Federation

            	
              IR879935

              19
      Dec 2005

            	
              IR879935

              19
      Dec 2005

            
	 
      
	
              THE
      KING OF ENERGY

            	
              Singapore

            	
              IR879935

              19
      Dec 2005

            	
              IR879935

              19
      Dec 2005

            
	 
      
	
              WHO’S
      YOUR DADDY STYLE WITH AUTHORITY & Design

            	
              Thailand

            	
              613377

              23
      Dec 2005

            	
              Kor264099

              23
      Dec 2005

            
	
              Thailand

            	
              613378

              23
      Dec 2005

            	
              Kor265321

              23
      Dec 2005

            
	
              Thailand

            	
              613379

              23
      Dec 2005

            	
              Kor264320

              23
      Dec 2005

            
	 
      
	
              WHO’S
      YOUR DADDY STYLE WITH AUTHORITY & Design

            	
              UAE

            	
              76225

              24
      Dec 2005

            	
              63268

              01
      Oct 2006

            
	
              UAE

            	
              76226

              24
      Dec 2005

            	
              91989

              26
      Nov 2008

            
	
              UAE

            	
              76227

              24
      Dec 2005

            	
              63270

              01
      Oct 2006

            
	
              THE
      KING OF ENERGY

            	
              UAE

            	
              76228

              24
      Dec 2005

            	
              63269

              01
      Oct 2006

            
	 
      
	
              WHO’S
      YOUR DADDY STYLE WITH AUTHORITY & Design

            	
              Vietnam

            	
              4200517576

              23
      Dec 2005

            	
              115043

              01
      Dec 2008

            
	
              THE
      KING OF ENERGY

            	
              Vietnam

            	
              420517577

              23
      Dec 2005

            	
              107562

              19
      Aug 2008

            

    

    

    

    
      
        
           

        

        
          6 of
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            Schedule
A

          

        

      

    

    

    

    
      	
              DOMAIN
      NAMES

            
	
              www.whosyourdaddyinc.com

            

    

    

     

     

     

    

    
      
        
           

        

        
          7 of
7

          
            

          

        

        
           

        

      

    

     

    EXHIBIT B

       

      AGREEMENT REGARDING USE OF
WHO’S YOUR DADDY ENERGY SHOTS

      

      This Agreement Regarding Use of Who’s
Your Daddy Energy Shots (hereinafter “Agreement”) is entered into between
Who’s Your Daddy, Inc., a California corporation (WYD CA), Who’s Your Daddy,
Inc., a Nevada corporation (WYD NE), (collectively referred to herein as “WYD”),
and Beryt Promotion, LLC, a Nevada limited liability company (hereinafter,
“BERYT”).  The “Effective Date” is the last date by which all parties
have executed the Agreement.

      

      WHEREAS, WYD previously sold several
hundred thousand WHO'S YOUR DADDY-branded energy shots to BERYT for use in
casinos;

       
 

      WHEREAS, WYD is assigning all right,
title and interest in and to its trademarks to a third party in settlement of
such third party’s claims against it;

      

      NOW, THEREFORE, in consideration of
mutual promises and covenants herein set forth, the parties hereto agree as
follows:

      

      1.           Within
ninety (90) days of the Effective Date, BERYT agrees to permanently discontinue
all commercial use of the name, trade name, trademark, service mark,
designation, and domain name WHO’S YOUR DADDY, including in connection with the
sale or give-away of WHO’S YOUR DADDY-branded energy shots and the promotion
thereof.

       

      2.           Within
ninety (90) days of the Effective Date, BERYT agrees to destroy all materials in
its possession, custody, or control bearing the name, trade name, trademark,
service mark, designation, and domain name WHO’S YOUR DADDY.

       

      3.           Prior
to the end of the ninety (90) day phase out period, BERYT may only sell, give
away and/or promote products bearing the WHO’S YOUR DADDY mark within the city
of Las Vegas, Nevada.  BERYT may not sell, assign, or otherwise
transfer its WHO’S YOUR DADDY products to any third party
re-seller.

       

      4.           This
Agreement is binding on each of the parties, their successors, assigns, and
related companies.

       

      5.           This
Agreement may be executed by the parties hereto in multiple counterparts, each
of which shall be deemed an original and all of which together shall be one and
the same document. This Agreement shall enter into force on the Effective Date
and shall extend for an indefinite time, unless terminated in accordance
herewith.

       

      6.           This
Agreement encompasses the entire agreement and understanding between the parties
hereto and supersedes any and all prior understandings or agreements, whether
written or oral.  Any modification to this Agreement must be in a
singular writing signed by duly authorized representatives of each party hereto
to be binding upon either party.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      IN WITNESS WHEREOF, the
parties have executed this Agreement by their duly authorized representatives on
the dates set forth below.

      

      

      
        	
                Who’s
      Your Daddy, Inc. (CA)

              	 
      	
                Beryt
      Promotion, LLC

              	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
                (Authorized
      Signature)

              	 
      	
                (Authorized
      Signature)

              	 
      
	 
      	 
      	 
      	 
      
	
                Michael
      R. Dunn

              	 
      	
                Ramon
      Desage

              	 
      
	
                Printed
      Name

              	 
      	
                Printed
      Name

              	 
      
	 
      	 
      	 
      	 
      
	
                CEO

              	 
      	
                CEO

              	 
      
	
                Title/Position

              	 
      	
                Title/Position

              	 
      
	 
      	 
      	 
      	 
      
	
                1/5/10

              	 
      	
                1/12/10

              	 
      
	
                Date
      Signed

              	 
      	
                Date
      Signed

              	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
                Who’s
      Your Daddy, Inc. (NE)

              	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
                (Authorized
      Signature)

              	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
                Michael
      R. Dunn

              	 
      	 
      	 
      
	
                Printed
      Name

              	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
                CEO

              	 
      	 
      	 
      
	
                Title/Position

              	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
                1/5/10

              	 
      	 
      	 
      
	
                Date
      SignedExhibit 10.1

 

SEPARATION
AGREEMENT AND GENERAL RELEASE OF CLAIMS

(Daniel J. Murphy, Jr.)

 

This Separation Agreement
and General Release of Claims (“Agreement” or “General Release”)
is made and entered into by and between Daniel J. Murphy, Jr., for himself and
on behalf of his agents, assigns, heirs, executors, administrators, attorneys
and representatives (“Mr. Murphy”), and Alliant Techsystems Inc., a
Delaware corporation (“ATK”), on behalf of ATK and its related
corporations or affiliates, subsidiaries, predecessors, successors and assigns,
present or former officers, directors, stockholders, board members, agents,
employees, and attorneys, whether in their individual or official capacities,
delegates, benefit plans and plan administrators, and insurers (collectively,
the “Company Group”), effective January 19, 2010.

 

WHEREAS, Mr. Murphy and ATK
are parties to an Employment Agreement, dated as of February 1, 2004, including
subsequent amendments dated December 20, 2005, March 10, 2008, and August 4,
2008 (the “Employment Agreement”). 
Capitalized terms not otherwise defined herein shall have the meanings
assigned to such terms under the Employment Agreement.

 

WHEREAS, Mr. Murphy left his
position as Chief Executive Officer of ATK and resigned from his position as a
member of the ATK Board of Directors (the “Board”) and from all other
officer, board and committee positions that Mr. Murphy held with ATK effective
as of November 9, 2009.   Mr. Murphy’s
employment with ATK will end as of March 31, 2010 (the “Termination Date”),
as provided in this Agreement.

 

WHEREAS, in consideration of
Mr. Murphy signing and complying with this Agreement and General Release, ATK
agrees to provide Mr. Murphy with certain payments and other valuable
consideration described below.  Further,
ATK and Mr. Murphy desire to resolve and settle any and all potential disputes
or claims related to Mr. Murphy’s employment or termination of employment.

 

WHEREAS, ATK has expended
significant time and money on the promotion, advertising, and development of
goodwill and a sound business reputation through which ATK has developed a list
of customers and spent time and resources to learn the customers’ needs for
ATK’s services and products.  This
information is a valuable, special and unique asset of ATK, which Mr. Murphy
acknowledges constitutes confidential and proprietary information.

 

WHEREAS, ATK has expended
significant time and money on technology, research and development through
which it has developed products, processes, technologies and services that are
valuable, special and unique assets of ATK, which Mr. Murphy acknowledges
constitute confidential and proprietary information.

 

WHEREAS, the disclosure to
or use by third parties of any of ATK’s confidential or proprietary information
or trade secrets would seriously harm ATK’s business and cause monetary loss
that would be difficult, if not impossible, to measure.

 

THEREFORE, ATK and Mr. Murphy
(the “Parties”) mutually agree to the following terms and conditions:

 

 

1.                                       Termination of
Employment.

 

(a)                                  Termination of
Active Duties.  The Parties
confirm that Mr. Murphy left his position as Chief Executive Officer of ATK and
resigned from his position as a member of the Board and from all other officer,
board and committee positions that Mr. Murphy held with ATK or any other member
of the Company Group effective as of November 9, 2009.

 

(b)                                 Continued
Employment Through the Termination Date.  Starting November 9, 2009, and continuing
through the Termination Date, subject to Mr. Murphy’s continued compliance with
the terms set forth in this Agreement, Mr. Murphy shall remain employed by ATK
to assist ATK in leadership transition matters on an as-needed basis, as
directed by the Board from time to time. 
Mr. Murphy shall continue to receive payments of his base salary in
accordance with ATK’s regular payroll practices at the rate of $900,000 per
year through the Termination Date. 
Additionally, except as prohibited by law or under the terms of any
employee benefit plan maintained by ATK, Mr. Murphy shall be eligible to
continue participating in and receiving benefits under ATK’s employee benefit
plans on the same basis as active employees of ATK until the Termination Date; provided,
however, that for purposes of determining the timing of any payments to
be made to Mr. Murphy under any plan or arrangement that constitutes a
“nonqualified deferred compensation plan” within the meaning of Section 409A of
the Internal Revenue Code of 1986, as amended (“Section 409A”), the
Parties acknowledge and agree that Mr. Murphy shall be deemed to have
“separated from service” within the meaning of Section 409A as of November 9,
2009.

 

(c)                                  Final Paycheck.  ATK will pay Mr. Murphy for all salary earned
through the Termination Date.  Mr. Murphy’s
continuing rights, if any, under all other ATK employee benefits plans will be
governed by those plans, except as specifically set forth herein.

 

(d)                                 Restricted
Stock.  Mr. Murphy does not have any
unvested and outstanding shares of restricted stock.

 

(e)                                  Performance
Shares and Cash Incentive Payments.  Mr. Murphy has four Performance Awards as
specifically stated below.  These awards
were granted under ATK’s 2005 Stock Incentive Plan, as amended, or ATK’s
Executive Officer Incentive Plan, and the awards are subject to the terms of
the applicable plan, award agreements and ATK’s compensation system.  Nothing in this Agreement creates any
additional rights with respect to these awards. 
Mr. Murphy understands that he will remain eligible to receive a
prorated number of the performance shares and a prorated cash incentive payment
earned (if any) based on the portion of the performance period during which Mr.
Murphy remains employed with ATK through the Termination Date.  Specifically:

 

(i)                                                                                         For the
Performance Award Agreement for the ATK fiscal years 2008 through 2010 (April 1,
2007 — March 31, 2010), there will be no proration.

 

2

 

(ii)                                                                                      For the
Performance Award Agreement for the ATK fiscal years 2009 through 2011 (April 1,
2008 — March 31, 2011), the proration is two-thirds of shares and cash.

 

(iii)                                                                                   For the
Performance Growth Award Agreement for the ATK fiscal years 2010 through 2012 (April
1, 2009 — March 31, 2012), the proration is one-third of shares and cash.

 

(iv)                                                                                  For the Relative
Stockholder Return Performance Award Agreement for the ATK fiscal years 2010
through 2012 (April 1, 2009 — March 31, 2012), the proration is one-third of
shares.

 

ATK expects to make payment of these awards within 21⁄2 months following
the completion of the respective performance periods.  The number of shares delivered and the amount
of any cash payout depends on whether and to what extent (if any) ATK meets the
objectives set forth pursuant to the respective Performance Award Agreements
and terms of the applicable plan.  All
payments will be taxed in accordance with the federal and state tax laws that
apply and ATK practice and will be subject to the terms of the applicable
Performance Award Agreement and the related plan.

 

(f)                                    Stock Options.  All of Mr. Murphy’s stock options have
vested.  All stock options held by Mr. Murphy
that are exercisable as of the Termination Date will remain exercisable until
the earlier of (i) the option’s expiration date under the Non-Qualified
Stock Option Agreement pursuant to which it was granted or (ii) three years
from the Termination Date, and shall otherwise remain subject to the terms of
the applicable Non-Qualified Stock Option Agreements.

 

(g)                                 Deferred
Compensation.  Any
compensation Mr. Murphy deferred under the Alliant Techsystems Inc.
Nonqualified Deferred Compensation Plan (or predecessor plan) shall be paid in
accordance with his pre-selected distribution options and the terms of that
plan.

 

(h)                                 SERP.  Mr. Murphy’s Supplemental Retirement Plan
(“SERP”) benefit will be paid pursuant to the terms of ATK’s SERP and his
Employment Agreement.  Mr. Murphy shall
be credited with service under the plan through the Termination Date.  Pursuant to the terms of the Employment
Agreement, Mr. Murphy’s SERP benefit shall be paid to Mr. Murphy as a lump sum
cash payment on the first day of the seventh month following the month during
which Mr. Murphy “separated from service” with ATK (i.e., payment shall be made on June 1, 2010  (the “Payment Date”)).  Because of the timing of the EIP incentive
(late May 2010), it will not be included in the SERP payment on the Payment
Date. An additional SERP calculation may be made after the EIP payment is
determined, if any.  If this EIP
incentive calculation results in additional SERP benefits, there will be an
additional SERP payment which will be made as soon as practically feasible but
in no event later than two months from the date the EIP incentive payment is
made.

 

3

 

2.                                       Severance
Benefits.  In exchange
for the promises contained herein and in full satisfaction of Mr. Murphy’s
rights under the Employment Agreement, and subject to Mr. Murphy’s execution,
without revocation during any applicable revocation period, of the General
Release contained herein, and subject to Mr. Murphy’s subsequent execution as
of the Termination Date, without revocation during any applicable revocation
period, of the General Release attached hereto as Exhibit A, ATK will provide
Mr. Murphy with the severance benefits described below (together referred to as
“Severance Benefits”):

 

(a)                                  Severance Pay.  ATK will pay Mr. Murphy a single lump-sum
severance payment in the amount of $1,800,000, which is equal to 24 months base
salary, payable on the Payment Date (June 1, 2010).  This severance payment will be subject to all
applicable withholdings and will be taxable as payroll wages.  No 401(k) deductions will be taken from the
payment nor is the severance payment pensionable earnings (for example, it is
not “Earnings” or “Recognized Compensation”) for purposes of any ATK qualified
or non-qualified employee benefits plans. 
Mr. Murphy acknowledges and agrees that he will not be entitled to
receive any additional severance benefits under any ATK severance plan, policy
or agreement.

 

(b)                                 Annual Incentive
Compensation.  Mr. Murphy
will be eligible to receive an annual cash incentive payment pursuant to the
ATK Executive Officer Incentive Plan (“EIP”) in respect of the fiscal
year ending March 31, 2010.  The amount
paid (if any) under the EIP will be based on ATK’s actual financial corporate
performance achieved as compared to the performance goals established in the
beginning of ATK’s current fiscal year, subject to the terms of the EIP and
ATK’s compensation system.  The EIP
amount (if any) will be paid in a single lump sum payment in cash at the time
all other EIP participants receive payment of their annual cash incentive
payments for such fiscal year.

 

(c)                                  Financial Planning.  Mr. Murphy will be reimbursed for financial
planning services for a period of three years following the Termination Date,
at an amount not to exceed $15,000 per calendar year, no later than 2 1⁄2 months
following the year in which the financial planning expense was incurred.

 

(d)                                 Relocation Expenses.  Mr. Murphy will be eligible to receive
reimbursement for relocation expenses as set forth in Section 5 of the
Employment Agreement (which is for relocation outside of the Minneapolis,
Minnesota area).  For purposes of
relocation, Mr. Murphy’s “termination date” is November 9, 2009.  Therefore, Mr. Murphy must start any
relocation process no later than November 8, 2010.  Additionally, Mr. Murphy shall complete the
relocation process and submit proper supporting documentation for reimbursement
to ATK no later than November 8, 2011, and ATK shall reimburse Mr. Murphy for
such expenses no later than December 31, 2012.

 

(e)                                  Independent Consideration.  Mr. Murphy understands and agrees that he is
only eligible for Severance Benefits because he has signed and not revoked this
General Release.  Mr. Murphy acknowledges
that he is not otherwise entitled to receive such additional and valuable
consideration.  Except as otherwise
provided in Paragraph 5(b), by Mr. Murphy’s signature on this General Release,
he waives all rights to any other benefits or cash payment (whether 

 

4

 

pursuant to the Employment Agreement or otherwise).  Further, Mr. Murphy agrees that these
Severance Benefits are adequate consideration for the promises herein.

 

3.                                       Post Employment
Restrictions.

 

(a)                                  Confidentiality.  Mr. Murphy acknowledges that in the course of
his employment with ATK, he has had access to confidential and proprietary
information and trade secrets.  Mr.
Murphy agrees to maintain the confidentiality of ATK’s confidential and
proprietary information and trade secrets. 
Mr. Murphy agrees not to disclose or otherwise make available to any
person, company or other party confidential or proprietary information or trade
secrets.

 

(b)                                 Competition Restrictions.  From the date hereof through the first
anniversary of the Termination Date, Mr. Murphy agrees that he will not
directly or indirectly, own, manage, operate, control, be employed by, provide
consulting or other services of any kind to, participate in or be connected in
any manner with the ownership, management, operation or control any person or
entity that is in direct competition with ATK or its affiliates.

 

(c)                            Non-solicitation.  From the date hereof through the second
anniversary of the Termination Date, Mr. Murphy agrees that he will not induce
or attempt to induce any employee of ATK or its affiliates to leave his or her
employment with ATK or its affiliates or to become employed by any business
enterprise with which he may then be employed, associated or connected, or
induce or attempt to induce any customer or supplier of ATK or its affiliates
to cease doing business with or reduce the level of its business with ATK or
its affiliates.

 

(d)                           Breach of
Post-Employment Restrictions.  If Mr. Murphy breaches any of his obligations
under this Paragraph 3, then he will not be entitled to, and shall return the
Severance Pay provided in Paragraph 2(a). 
ATK will be entitled to attorneys’ fees and costs incurred in seeking
injunctive relief and damages including collecting the repayment of applicable
consideration.  Such action on the part
of ATK will not in any way affect the enforceability of the General Release of
Claims provided in Paragraph 5, which is adequately supported by the remaining
Severance Benefits provided in Paragraph 2.

 

4.                                       General Release
of Claims.

 

(a)                                  General Release.  Except as stated in Paragraph 5(b), Mr.
Murphy hereby releases and forever discharges each member of the Company Group
from all claims and causes of action, whether or not Mr. Murphy currently has
knowledge of such claims and causes of action, of any kind whatsoever, which
Mr. Murphy, his heirs, executors, administrators, successors and assigns ever
had, now have or may have against any member of the Company Group, in law,
admiralty or equity, whether known or unknown to Mr. Murphy, for, upon, or by
reason of, any matter, action, omission, course or thing whatsoever occurring
up to the date this Agreement is signed by Mr. Murphy, including without
limitation, any such claims or causes of action arising, or which may have
arisen, out of or in connection with the Employment Agreement or Mr. Murphy’s
employment or termination of employment with ATK.  This includes, but is not limited to, claims,
demands or actions arising under any federal or state law such as the Age
Discrimination in Employment Act (“ADEA”), the Older Workers Benefit
Protection Act

 

5

 

(“OWBPA”),
Title VII of the Civil Rights Act of 1964 (“Title VII”), the Americans
with Disabilities Act (“ADA”), the Family Medical Leave Act (“FMLA”),
the Employee Retirement Income Security Act of 1974 (“ERISA”), the
Worker Adjustment Retraining and Notification Act (“WARN”), the Fair
Labor Standards Act (“FLSA”), the National Labor Relations Act (“NLRA”),
the Occupational Safety and Health Act (“OSHA”), the Rehabilitation Act,
the Minnesota Human Rights Act, and Minn. Stat. Chap. 181, all as amended.

 

This General Release includes any
state human rights or fair employment practices act, or any other federal,
state or local statute, ordinance, regulation or order regarding conditions of
employment, compensation for employment, termination of employment, or
discrimination or harassment in employment on the basis of age, gender, race,
religion, disability, national origin, sexual orientation, or any other
protected characteristic, and the common law of any state.

 

Mr. Murphy further understands that
this General Release extends to all claims which he may have as of this date
against the Company Group based upon statutory or common law claims for breach
of contract, breach of employee handbooks or other policies, breach of
promises, fraud, wrongful discharge, defamation, emotional distress,
whistleblower claims, negligence, assault, battery, or any other theory,
whether legal or equitable.

 

Mr.
Murphy agrees that this General Release includes all damages available under
any theory of recovery, including, without limitation, any compensatory damages
(including all forms of back-pay or front-pay), attorneys’ fees, liquidated
damages, punitive damages, treble damages, emotional distress damages, pain and
suffering damages, consequential damages, incidental damages, statutory fines
or penalties, and/or costs or disbursements. 
Except as stated in Paragraph 5(b), Mr. Murphy is completely and fully
waiving any rights under the above stated statutes, regulations, laws, or legal
or equitable theories.

 

(b)                           Exclusions from
General Release.  Mr. Murphy
is not waiving any right to enforce the terms of this General Release or his
right to assert claims that are based on events that happen after this General
Release becomes effective.  Mr. Murphy
agrees that ATK reserves any and all defenses, which it has or might have
against any claims brought by Mr. Murphy. 
These defenses include, but are not limited to, ATK’s right to seek
available costs and attorneys’ fees, and to have any money or other damages
that might be awarded to Mr. Murphy reduced by the amount of money paid to Mr.
Murphy pursuant to this General Release. 
Nothing in this General Release interferes with Mr. Murphy’s right to
file a charge with the Equal Employment Opportunity Commission (“EEOC”)
or to participate in an EEOC investigation or proceeding.  Nevertheless, Mr. Murphy understands that he
has waived his right to recover any individual relief or money damages, which
may be awarded on such a charge.

 

(c)                            Right to Revoke.  This General Release does not become
effective for a period of fifteen (15) days after Mr. Murphy signs it, and Mr.
Murphy has the right to cancel it during that time.  Any decision to revoke this General Release
must be made in writing and hand-delivered to ATK or, if sent by mail,
postmarked within the fifteen (15) day time period and addressed to ATK’s
General Counsel, Alliant Techsystems Inc., 7480 Flying Cloud Drive,
Minneapolis, MN 55344.  Mr. Murphy
understands that if he decides to revoke this General Release, he will not be
entitled to any Severance Benefits and this Agreement shall be void. ATK may
publicly

 

6

 

announce the terms of this Agreement
immediately upon or following the Parties’ execution thereof.

 

5.                                       Unemployment
Compensation Benefits.  If
Mr. Murphy applies for unemployment compensation, ATK will not challenge his
entitlement to such benefits.  Mr. Murphy
understands that ATK does not decide whether he is eligible for unemployment
compensation benefits, or the amount of the benefit.

 

6.                                       No Wrongdoing.  By entering into this General Release, ATK
does not admit that it has acted wrongfully with respect to Mr. Murphy’s
employment or that Mr. Murphy has any rights or claims against the Company
Group.

 

7.                                       No Adequate
Remedy at Law.  Mr. Murphy
acknowledges and agrees that his breach of the Post-Employment Restrictions
provided in Paragraph 3 would cause irreparable harm to the Company Group and
the remedy at law would be inadequate. 
Accordingly, if Mr. Murphy violates such Paragraph, ATK is entitled to
injunctive relief in addition to any other legal or equitable remedies.

 

9.                                       Choice of Law
and Venue.  The terms
of this Agreement and General Release will be governed by the laws of Minnesota
(without regard to conflict of laws principles).  Any legal action to enforce this Agreement
and General Release shall be brought in a competent court of law in Hennepin
County.

 

10.                                 Severability.  If any of the terms of this General Release
are deemed to be invalid or unenforceable by a court of law, the validity and
enforceability of the remaining provisions of this General Release will not in
any way be affected or impaired thereby. 
In the event that any court having jurisdiction of the parties should
determine that any of the post-employment restrictions set forth in Paragraph 3
of this General Release are overbroad or otherwise invalid in any respect, Mr.
Murphy acknowledges and agrees that the court so holding shall construe those
provisions to cover only that scope, duration or extent of those activities
which may validly and enforceably be restricted, and shall enforce the
restrictions as so construed.  The
Parties acknowledge the uncertainty of the law in this respect and expressly
stipulate that this Agreement shall be construed in a manner which renders its
provisions valid and enforceable to the maximum extent (not exceeding its
express terms) possible under applicable law.

 

11.                                 No Assignment.  This General Release is personal to Mr.
Murphy and Mr. Murphy cannot assign it to any other person or entity.

 

12.                                 Attorneys’ Fees.  Mr. Murphy understands that he is responsible
to pay his own costs and attorneys’ fees, if any, that he incurred in
consulting with an attorney about this General Release.

 

13.                                 Entire
Agreement.  This
Agreement and General Release (including the provisions of the Employment
Agreement setting forth post-employment restrictions for Mr. Murphy as
described in Paragraph 3 above) constitutes the entire agreement between ATK
and Mr. Murphy regarding the subject matter included in this document.  Mr. Murphy agrees that there are no promises
or understandings outside of this Agreement and General Release, except with
respect to Mr. 

 

7

 

Murphy’s obligations to
maintain the confidentiality of secret or top secret information.  This Agreement and General Release supersedes
and replaces all prior or contemporaneous discussions, negotiations or
understandings regarding Mr. Murphy’s termination of employment and the subject
matter of this Agreement and General Release, whether written or oral,
including the Employment Agreement, except as set forth herein.  Any modification or addition to this
Agreement and General Release must be in writing, signed by an officer of ATK
and Mr. Murphy.

 

14.                                 Opportunity to
Review.

 

(a)                                  Mr. Murphy certifies that he
is signing this General Release voluntarily and with full knowledge of its
consequences.  Mr. Murphy understands
that he has at least twenty-one (21) days from the date he received this
General Release to consider it, and that he does not have to sign it before the
end of the twenty-one (21) day period and that any execution of such General
Release prior to the expiration of such twenty-one (21) day period is
voluntary.  Mr. Murphy is advised to use
this time to consult with an attorney prior to executing this General Release.

 

(b)                                 Mr. Murphy understands that
the offer to accept this General Release remains open for twenty-one (21)
days.  If Mr. Murphy has not signed this
General Release within twenty-one (21) days of receiving it, then this offer
expires and ATK will be under no obligation to accept this General Release or
to provide Mr. Murphy any Severance Benefits.

 

15.                                 Section 409A.  This Agreement is intended to comply with
Section 409A and will be interpreted accordingly.  The Parties acknowledge that Mr. Murphy’s “separation
from service” within the meaning of Section 409A occurred on November 9, 2009
and that Mr. Murphy was a “specified employee” as defined in Section 409A on
such date.  Each payment made under this
Agreement shall be designated as a “separate payment” within the meaning of
Section 409A.

 

16.                               Understanding
and Acknowledgement.  Mr. Murphy
understands all of the terms of this General Release and has not relied on any
oral statements or explanation by ATK. 
Mr. Murphy has had adequate time to consult with legal counsel and to
consider whether to sign this sign this General Release, and Mr. Murphy is
signing it knowingly and voluntarily.

 

IN WITNESS WHEREOF, Mr. Murphy and ATK have executed this Agreement and
General Release by signature below.

 

 

	
  Date:

  	
  1/18/2010

  	
   

  	
  Daniel J. Murphy, Jr.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Daniel J. Murphy

  
	
   

  	
  Employee’s Signature

  

 

8

 

	
  Date:

  	
  1/19/10

  	
   

  	
  Alliant Techsystems Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Keith D. Ross

  
	
   

  	
  By:

  	
  Keith Ross

  
	
   

  	
  Its:

  	
  Senior Vice President, General Counsel and Secretary

  

 

9

 

Exhibit A

 

[Form of Release to be Signed by Mr. Murphy on March 31, 2010]

 

This General Release of Claims ( “General Release”) is made and
entered into by Daniel J. Murphy, Jr., for himself and on behalf of his agents,
assigns, heirs, executors, administrators, attorneys and representatives (“Mr.
Murphy”), effective March 31, 2010. 
Capitalized terms used herein without definition have the meanings
assigned to such terms under the Separation Agreement and General Release of
Claims between Mr. Murphy and Alliant Techsystems Inc., a Delaware corporation
(“ATK”), dated December       ,
2009 (the “Separation Agreement”).

 

1.                                       General Release
of Claims.

 

(a)                                  General Release.  Except as stated in Paragraph 1(b) below, Mr.
Murphy hereby releases and forever discharges each member of the Company Group
from all claims and causes of action, whether or not Mr. Murphy currently has
knowledge of such claims and causes of action, of any kind whatsoever, which
Mr. Murphy, his heirs, executors, administrators, successors and assigns ever
had, now have or may have against any member of the Company Group, in law,
admiralty or equity, whether known or unknown to Mr. Murphy, for, upon, or by
reason of, any matter, action, omission, course or thing whatsoever occurring
up to the date this Agreement is signed by Mr. Murphy, including without
limitation, any such claims or causes of action arising, or which may have
arisen, out of or in connection with the Employment Agreement or Mr. Murphy’s
employment or termination of employment with ATK.  This includes, but is not limited to, claims,
demands or actions arising under any federal or state law such as the Age
Discrimination in Employment Act (“ADEA”), the Older Workers Benefit
Protection Act (“OWBPA”), Title VII of the Civil Rights Act of 1964 (“Title
VII”), the Americans with Disabilities Act (“ADA”), the Family
Medical Leave Act (“FMLA”), the Employee Retirement Income Security Act
of 1974 (“ERISA”), the Worker Adjustment Retraining and Notification Act
(“WARN”), the Fair Labor Standards Act (“FLSA”), the National
Labor Relations Act (“NLRA”), the Occupational Safety and Health Act (“OSHA”),
the Rehabilitation Act, the Minnesota Human Rights Act, and Minn. Stat. Chap.
181, all as amended.

 

This General Release includes any
state human rights or fair employment practices act, or any other federal,
state or local statute, ordinance, regulation or order regarding conditions of
employment, compensation for employment, termination of employment, or
discrimination or harassment in employment on the basis of age, gender, race,
religion, disability, national origin, sexual orientation, or any other
protected characteristic, and the common law of any state.

 

Mr. Murphy further understands that
this General Release extends to all claims which he may have as of this date
against the Company Group based upon statutory or common law claims for breach
of contract, breach of employee handbooks or other policies, breach of promises,
fraud, wrongful discharge, defamation, emotional distress, whistleblower
claims, negligence, assault, battery, or any other theory, whether legal or
equitable.

 

10

 

Mr.
Murphy agrees that this General Release includes all damages available under
any theory of recovery, including, without limitation, any compensatory damages
(including all forms of back-pay or front-pay), attorneys’ fees, liquidated
damages, punitive damages, treble damages, emotional distress damages, pain and
suffering damages, consequential damages, incidental damages, statutory fines
or penalties, and/or costs or disbursements. 
Except as stated in Paragraph 1(b), Mr. Murphy is completely and fully
waiving any rights under the above stated statutes, regulations, laws, or legal
or equitable theories.

 

(b)                                 Exclusions from General
Release.  Mr. Murphy is not waiving any
right to enforce the terms of this General Release, the Separation Agreement or
his right to assert claims that are based on events that happen after this
General Release becomes effective.  Mr.
Murphy agrees that ATK reserves any and all defenses, which it has or might
have against any claims brought by Mr. Murphy. 
These defenses include, but are not limited to, ATK’s right to seek
available costs and attorneys’ fees, and to have any money or other damages
that might be awarded to Mr. Murphy reduced by the amount of money paid to Mr.
Murphy pursuant to the Separation Agreement. 
Nothing in this General Release interferes with Mr. Murphy’s right to
file a charge with the Equal Employment Opportunity Commission (“EEOC”)
or to participate in an EEOC investigation or proceeding.  Nevertheless, Mr. Murphy understands that he
has waived his right to recover any individual relief or money damages, which
may be awarded on such a charge.

 

(c)                                  Right to Revoke.  This General Release does not become
effective for a period of fifteen (15) days after Mr. Murphy signs it, and Mr.
Murphy has the right to cancel it during that time.  Any decision to revoke this General Release
must be made in writing and hand-delivered to ATK or, if sent by mail,
postmarked within the fifteen (15) day time period and addressed to ATK’s
General Counsel, Alliant Techsystems Inc., 7480 Flying Cloud Drive, Minneapolis,
MN 55344.  Mr. Murphy understands that if
he decides to revoke this General Release, he will not be entitled to any
Severance Benefits described under the Separation Agreement.

 

2.                                       Choice of Law
and Venue.  The terms
of this General Release will be governed by the laws of Minnesota (without
regard to conflict of laws principles). 
Any legal action to enforce this General Release shall be brought in a
competent court of law in Hennepin, County.

 

3.                                       Attorneys’ Fees.  Mr. Murphy understands that he is responsible
to pay his own costs and attorneys’ fees, if any, that he incurred in
consulting with an attorney about this General Release.

 

4.                                       Opportunity to
Review.

 

(a)                                  Mr. Murphy certifies that he
is signing this General Release voluntarily and with full knowledge of its
consequences.  Mr. Murphy understands
that he has at least twenty-one (21) days from the date he received this
General Release to consider it, and that he does not have to sign it before the
end of the twenty-one (21) day period and that any execution of such General
Release prior to the expiration of such twenty-one (21) day period is
voluntary.  Mr. Murphy is advised to use
this time to consult with an attorney prior to executing this General Release.

 

11

 

(b)                                 Mr. Murphy understands that
the offer to accept this General Release remains open for twenty-one (21)
days.  If Mr. Murphy has not signed this
General Release within twenty-one (21) days of receiving it, then this offer
expires and ATK will be under no obligation to accept this General Release or
to provide Mr. Murphy any Severance Benefits.

 

5.                                       Understanding
and Acknowledgement.  Mr. Murphy
understands all of the terms of this General Release and has not relied on any
oral statements or explanation by ATK. 
Mr. Murphy has had adequate time to consult with legal counsel and to
consider whether to sign this sign this General Release, and Mr. Murphy is
signing it knowingly and voluntarily.

 

IN
WITNESS WHEREOF, Mr. Murphy has executed this General Release by his signature
below.

 

 

	
  Date:

  	
  1/18/2010

  	
   

  	
  Daniel J. Murphy, Jr.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Daniel J. Murphy

  
	
   

  	
  Employee’s Signature

  

 

12

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