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EXHIBIT 10.11  

 
 

CONSULTING AGREEMENT

        THIS
CONSULTING AGREEMENT (this "Agreement") is entered into as of July 16, 2003 (the "Effective Date") between Weider Nutrition Group, Inc., a Utah corporation (the
"Company"), and Gustin Foods, LLC, a California limited liability company ("Consultant"). 

RECITALS

        A.    The
Company is in the business of developing, manufacturing, marketing and selling branded and private label dietary supplements and nutrition products, including joint
care products containing glucosamine and/or chondroitin and other related products. 

        B.    Consultant
has experience and expertise in developing, marketing and selling branded nutrition and food products. 

        C.    The
Company desires to retain the services of Consultant and Consultant desires to provide consulting services to the Company, upon the terms and subject to the
conditions set forth in this Agreement. 

AGREEMENT

        NOW,
THEREFORE, in consideration of the premises and the mutual promises set forth in this Agreement, the Company and Consultant hereby agree as follows: 

        1.    Retention as Consultant; Consultant Services.    

        a.     Subject
to the terms and conditions contained in this Agreement, the Company hereby engages Consultant and Consultant hereby agrees to perform consulting services for the
Company during the Term (as defined herein) of this Agreement relating to the Company's development, marketing and selling of joint care products under certain of the Company's brand name (the
"Business"). Consultant may perform consulting services at its office or other location, but shall be available to attend meetings and report on its activities at reasonable times upon reasonable
request. 

        b.     Consultant
is and shall be an independent contractor which, subject to the terms hereof, shall have sole control of the manner and means of performing its obligations
under this Agreement. The Consultant shall not have, nor shall the Consultant claim, suggest or imply that the Consultant has, any right, power or authority to enter into any contract or obligation on
behalf of, or binding upon, the Company or any of its representatives, nor shall Consultant represent himself as having any employment position with the Company. 

        c.     Unless
otherwise agreed in writing by the parties, Consultant will provide to the President of the Company written portfolio, marketing and positioning strategies,
recommendations and courses of action regarding the Business (the "Recommendations") on or before December 1, 2003 (the "Recommendation Date"). The Company may accept or decline to implement
the Recommendations in its sole discretion. If the Company agrees to accept and implement the Recommendations, Consultant agrees to assist the Company in the implementation of the Recommendations.
Upon approval of the Recommendations, Consultant will be responsible for executing various elements of the marketing plan, including, among other matters, packaging, creative development, and media
and promotion selection. 

        d.     The
Company understands and recognizes that Consultant provides consulting services on various food, beverage, nutrition and other products and that the Consultant may
engage in other activities as an employee of or consultant to other parties; provided, however, Consultant agrees that during the Term (as defined herein) of this Agreement and during the period six
months after the completion of the Term, neither Consultant nor Mr. David Gustin will provide consulting or 

 

employment
services to a third party (i) which are inconsistent with Mr. Gustin's duties as a director of the Company or (ii) relating to joint care products. 

        2.    Compensation.    

        a.     Unless
otherwise agreed in writing by the parties, the three measurement periods for determining Consultant's compensation shall be referred to as a "Year 1,"
"Year 2" and Year 3," respectively, with each Year defined as a 12 month period and the first Year beginning in the next month following the first shipment of products under the
Company's Pain Free brand name. For example, if the first shipment of products under the Company's Pain Free brand name occurs during November 2003, then the "Year 1" measurement period
would be the 12 month period from December 2003 through November 2004, the "Year 2" measurement period would be the 12 month period from December 2004 through
November 2005 and the "Year 3" measurement period would be the 12 month period from December 2005 through November 2006. 

        b.     "Sales,"
"Contribution Margin" and "Contribution Margin Rate" shall have the definitions set forth in Exhibit A hereto. 

        c.     Notwithstanding
anything in this Agreement to the contrary, if the Company, in its sole discretion, determines to not accept and implement the Recommendations, no amounts
will be due Consultant by the Company pursuant to this Section 2 (other than for reimbursement of expenses as set forth in Section 2(f)), except that the Company shall pay Consultant a
one-time fee in the amount of $100,000. This one-time fee will be paid by the Company to Consultant within 30 days following the Company's termination of this Agreement
pursuant to Section 3(c) below. 

        d.     If
the Company accepts and implements the Recommendations, the compensation, if any, to be paid to Consultant relating to each Year shall be calculated as follows: 

        (1)   The
Company shall pay Consultant compensation in the amount of two percent (2%) of the first $10 million in Sales for the Business during each Year. 

        (2)   The
Company shall pay Consultant compensation in the amount of three percent (3%) of the Sales for the Business over $10 million during each Year. 

        (3)   Any
amounts to be paid by the Company to Consultant pursuant to this Section 2.b. shall be paid no later than 90 days after the end of each Year. 

        e.     For
any compensation to be paid to Consultant pursuant to Section 2(d) relating to Year 2 or Year 3, the Contribution Margin for the Business for the
respective measurement period must be at least equal to the Contribution Margin Rate. Decisions regarding costs and expenses affecting the Contribution
Margin for the Business relating to marketing and promotional matters will be determined under the direction and responsibility of Consultant, subject to final approval by the Company's President. 

        f.      The
Company will reimburse Consultant for reasonable direct and incidental expenses properly incurred in performing its consulting services pursuant to the Agreement
(e.g., travel and related expenses, purchase of competitive products, packaging expenses, etc.). All other expenses must be pre-approved by the Company (e.g., the hiring of design experts,
utilization of third party packaging resources, etc.). 

        g.     The
Consultant shall pay, when and as due, any and all taxes as a result of the Consultant's receipt of the remuneration described in Section 2 of this Agreement,
including estimated taxes, and provide its own benefits and insurance. 

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        3.    Term and Termination.    

        a.     Unless
otherwise terminated pursuant to the provisions of this Agreement or as otherwise agreed upon in writing by the parties, the Term of this Agreement shall be from
the Effective Date through the end of the Year 3. 

        b.     If
Consultant fails to provide the Recommendations to the Company on or before the Recommendation Date, the Company may terminate this Agreement on 20 days'
written notice if Consultant fails to provide the Recommendations within such 20-day notice period. If this Agreement is terminated pursuant to this Section 3(b), the Company shall
have no compensatory obligations to Consultant pursuant to this Agreement other than for reimbursement of expenses as set forth in Section 2. 

        c.     If
the Company, in its sole discretion, determines to not accept and implement the Recommendations, this Agreement shall be terminated immediately upon written notice
thereof by the Company to Consultant, and the Company shall have no compensatory or reimbursement obligations to Consultant pursuant to this Agreement other than as set forth in Sections 2(c) and
2(f). 

        4.    Confidential and Proprietary Information.    

        a.     Except
as otherwise required by Consultant's duties for the Company, Consultant shall maintain in strict confidence and shall not directly, indirectly or otherwise, use,
publish, disclose or disseminate, or use for Consultant's benefit or the benefit of any person, firm, corporation or entity, any Confidential Information of or relating to the Company or its
affiliates (or which the Company or its affiliates has a right to use). For purposes of this Agreement, "Confidential Information" shall mean all confidential and proprietary information of the
Company and its parents, subsidiaries and affiliates, whether in oral, written or graphical form or obtained by observation or otherwise, whether or not legended or otherwise identified as
confidential or proprietary information, and whether or not discovered or developed by Consultant or known or obtained by Consultant as a consequence of Consultant's performance of services with the
Company. Confidential Information shall include, without limitation, all scientific, technical, process, method or commercial data, information or know-how, customer lists, pricing data,
sources of supply and related supplier and vendor information, purchasing, operating or other cost data, manufacturing methods, quality control information, regulatory information, financial data,
trade secrets, formulas, product development information and plans, Inventions, intellectual property, samples and all information regarding pricing, business plans, expansion or acquisition plans,
product lines, methods of business operation and the general business operations and financial information regarding the Company. As used in this Agreement, the term "Inventions" means designs,
trademarks, discoveries, developments, formulae, processes, manufacturing techniques, trade secrets, inventions, improvements, ideas or copyrightable works, including, without limitation, all rights
to obtain, register, perfect and enforce these proprietary interests. 

        b.     Consultant
agrees and acknowledges that (i) all Confidential Information and Inventions are owned by the Company or its affiliates and no rights in the
Confidential Information or Inventions have been or will be granted to otherwise acquired by Consultant, and (ii) by this Agreement Consultant hereby assigns to the Company or its designee, all
of its right, title and interest in and to any and all Inventions, original works of authorship, concepts, improvements, trademarks, trade names or trade secrets, whether or not patentable or
registrable under trademark, copyright or similar laws, which it solely or jointly conceives, develops, authors or reduces to practice, or causes to be conceived, developed, authored or reduced to
practice during the period of any consulting services with the Company. 

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        c.     All
documents and material pertaining to the Company or the Services made by the Consultant or that come into the possession of the Consultant during the term of this
Agreement are and shall remain the property of the Company. Upon expiration of this Agreement, or upon earlier request of the Company, the Consultant shall deliver to the Company all such documents
and materials in the Consultant's possession or control, in addition to all forms of Confidential Information, and the Consultant shall not allow a third party to take any of the foregoing. 

        5.    Entire Agreement.    The Agreement constitutes the entire agreement of the parties with respect to the terms and
conditions of the consulting relationship and supersedes all prior agreements, promises, representations and understandings. This Agreement does not in any way amend or supercede any other agreements
between the parties with respect to other subjects, including without limitation, any agreements concerning Consultants past employment with the Company or the termination thereof, or
Consultant's obligations with respect to the intellectual property and confidential information of the Company, its parents, subsidiaries or affiliates. 

        6.    Choice of Law.    This Agreement shall be governed by and construed and enforced in accordance with the laws of
the State of Utah. 

        7.    Severability.    Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall,
as to such jurisdiction, be ineffective to the extent of such prohibition or enforceability without invalidating the remaining provisions of this Agreement, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

        8.    Amendment and Waiver.    This Agreement may be amended, modified, superseded, cancelled, renewed, extended or
waived only by a written instrument executed by the parties to this Agreement or, in the case of a waiver by the party waiving compliance. No waiver by any party of the breach of any term or provision
contained in this Agreement, whether by conduct or otherwise, in any one or more instances shall be deemed to be, or construed as, a further or continuing waiver of any such breach, or a waiver of the
breach of any other term or covenant contained in this agreement. 

        9.    Notices.    All notices, requests or consent required or permitted under this Agreement shall be in writing and
shall be given to the other party by personal delivery, overnight air courier or facsimile transmission, sent to such party's address or telecopy number as is set forth below such party's signature
hereto. Each such notice, request or consent shall be deemed effective upon receipt. 

        10.    Attorneys' Fees.    In the event that either party seeks to enforce its right under this Agreement, the
prevailing party shall be entitled to recover reasonable fees (including attorneys' fees), costs and other expenses incurred in connection therewith, including the fees, costs and expenses of appeals. 

        11.    Headings.    The headings of the sections of this Agreement have been inserted for convenience and reference
only and do not constitute a part of this Agreement. 

        12.    Survival.    Sections 4, and 6 through 10 shall survive the termination of this Agreement. 

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

THE
COMPANY: 

	 	 	By:	

	

 	
 	

Its:	

	

 	
 	

Address for Notices:
	

 	
 	

2002 South 5070 West

Salt Lake City, Utah 84104

Attention: General Counsel

Facsimile: (801) 975-1924
	

CONSULTANT:
	 	 	By:	

	

 	
 	

Its:	

	

 	
 	

Address for Notices:
	 	 	

	 	 	

	 	 	

	

 	
 	

Facsimile:	

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Exhibit 4.3    
    

 
 

STOCK PURCHASE AGREEMENT    
    

        THIS STOCK PURCHASE AGREEMENT (the "Agreement") is made and
entered into this    day of July, 2003 by and between Odetics, Inc., a Delaware corporation ("Odetics") and 1515 S. Manchester, LLC,
a California limited liability company, Dartbrook-Twin Oaks, L.P., a Texas limited partnership and William T. White, III. LLC, a California limited liability company (the
"Purchaser"). 

        WHEREAS, Odetics and Purchaser have entered into that certain (i) Standard Industrial/Commercial Single-Tenant
Lease—Net dated January 22, 2002 covering the approximately 179,000 square foot premises located at 1515 S. Manchester Ave., Anaheim, California; and (ii) Standard
Industrial/Commercial Single-Tenant Lease—Net dated January 22, 2002 covering the approximately 78,840 square foot premises located at 1585 S. Manchester Ave., Anaheim, California
(collectively, the "Leases"); 

        WHEREAS, Odetics and Purchaser are concurrently entering into a Settlement Agreement (the "Settlement
Agreement"), pursuant to which, among other things, the Leases will be terminated and Odetics and Purchaser will enter into a new lease covering an approximately 15,000 square
foot portion of 1515 S. Manchester Ave., Anaheim, California; 

        WHEREAS, this Agreement is being entered into pursuant to the terms of the Settlement Agreement; 

        NOW THEREFORE, in consideration of the foregoing and the agreements and covenants contained herein, the parties hereto agree as follows: 

        1.     Purchase of Shares. As consideration for the release of Odetics' obligations under the Lease and the other agreements and
releases of claims contained in the Settlement Agreement, Odetics does hereby sell and issue to Purchaser, and Purchaser does hereby purchase from Odetics, 425,000 shares of Class A Common
Stock of Odetics (the "Shares") on the terms set forth herein and in the Settlement Agreement. 

        2.     Closing. The consummation of the sale of the Shares contemplated herein (the
"Closing") shall occur simultaneously with the execution and delivery of this Agreement and the Settlement Agreement by all of the parties hereto and
thereto. Promptly upon receipt of the executed Agreement and Settlement Agreement, Odetics agrees to instruct its transfer agent to issue the Shares to Purchaser in accordance with the Purchaser Issue
Instructions attached hereto as Exhibit A. 

        3.     Piggyback Registration Rights. If, Odetics proposes to register any of its Class A Common Stock or other securities
under the Securities Act of 1933, as amended (the "Act"), in connection with the public offering of such securities solely for cash (other than an
Excluded Registration as defined below), Odetics shall, at such time, promptly give Purchaser written notice of such registration. Upon the written request of Purchaser given within fourteen
(14) days after Odetics gives such notice in accordance with Section 7 below, Odetics shall cause to be registered under the Act all of the Shares that Purchaser has requested to be
registered, as well as shares of Odetics' Class A Common Stock acquired by Purchaser upon exercise of the Warrant to Purchase Common Stock issued to Purchaser on the date hereof (the
"Warrant Shares" and together with the Shares, the "Registrable Shares"). Odetics shall have the right
to terminate or withdraw any registration initiated by it under this Section prior to the effectiveness of such registration whether or not Purchaser has elected to include any Regsitrable Shares in
such registration. Odetics shall bear and pay all expenses incurred in connection with any registration of the Registrable Shares with respect to any registrations required pursuant to this Section,
including all filing and printing fees, Odetics' fees and expenses of Odetics counsel and auditors, costs associated with qualifying or registering the Registrable Shares for sale under applicable
state securities laws, and Nasdaq or exchange listing fees. Notwithstanding the foregoing, Odetics shall not be responsible for any discounts, commissions, fees of underwriters, selling brokers,
dealer managers or similar securities industry professionals with respect to the Registrable Shares being sold. For the 

 

purposes
of this Agreement, an Excluded Registration shall include the following: (i) a registration relating solely to the sale of securities to participants in a Company stock plan,
(ii) a registration on Form S-4 or any successor form relating to a merger, reorganization or acquisition, (iii) a registration on any form which does not include
substantially the same information as would be required to be included in a registration statement covering the sale of the Shares or (iv) a registration in which the only Common Stock being
registered is Common Stock issuable upon conversion of debt securities that are also being registered. 

        4.     Representations.

        a.     Investor Representations. In order to induce Odetics to enter into this Agreement, Purchaser hereby represents and
warrants to Odetics as follows: Purchaser is acquiring the Shares for investment for Purchaser's own account, not as a nominee or agent, and not with a view to the resale or distribution of any part
thereof. Purchaser is an "accredited investor" within the meaning of Rule 501 of Regulation D, as presently in effect, promulgated pursuant to Act. Purchaser is a corporation, business
trust or partnership that was not formed for the purpose of acquiring the Shares, and has total assets in excess of $5,000,000. Purchaser has a pro-existing business relationship with
Odetics and has had an opportunity to ask questions and receive answers from Odetics' management regarding the business, properties, prospects and financial condition of Odetics. Purchaser, by reason
of its own business or financial experience or the business or financial experience of its professional advisors who are unaffiliated with and who are not compensated by Odetics or any affiliate of
Odetics, directly or indirectly, have the capacity to protect Purchaser's own interest in connection with this transaction. 

        b.     Company Representations. The Shares that are being issued to Purchaser hereunder and the Warrant Shares, when issued, sold
and delivered in accordance with the terms hereof or thereof for the consideration expressed herein or therein, as applicable, will be duly and validly issued, fully paid and nonassessable and free of
restrictions or transfer other than restrictions on transfer under this Agreement and applicable state and federal securities laws. Based in part upon the representations of the Purchaser in this
Agreement, the Shares and the Warrant Shares will be issued in compliance with all applicable federal and state securities laws. 

        5.     Legends. Purchaser acknowledges that the Shares are "restricted securities" under the Act and agrees that in addition to
any other legend that may be required by federal or state securities laws, each certificate representing any of the Shares issued pursuant to this Agreement shall bear a legend in substantially the
following form: 

THE
SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"). THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE
ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT WITH RESPECT TO THE SHARES OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED. 

        6.     Entire Agreement; Governing Law; Headings. This Agreement, the Settlement Agreement, and the exhibits attached hereto and
thereto contain the entire agreement of the parties hereto as to its subject matter. This Agreement can only be modified or amended by a written agreement signed by all of the parties hereto. This
Agreement shall be governed and interpreted in accordance with the laws of the State of California without regard to the conflicts of law provisions thereof. The headings of the sections and
paragraphs of this Agreement have been inserted for convenience of reference only and do not constitute a part of this Agreement 

        7.     Notices. Unless otherwise provided, any notice required or permitted under this Agreement shall be given in writing and
shall be deemed effectively given and received by the party to be notified 

2

 

(i) upon
personal delivery to the party to be notified; (ii) when sent by confirmed facsimile if sent during normal business hours of the recipient (if not sent during normal business
hours, then on the next business day); (iii) three (3) business days after having been sent by registered or certified mail, return receipt requested, postage prepaid; or (iv) one
(1) business day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All such notices shall be sent: (a) if
to Purchaser, addressed to Purchaser at its address shown on the Purchaser Issue Instructions attached as Exhibit A hereto, or at such other address as Purchaser may specify by written notice
to Odetics given in accordance with this Section, or (b) if to Odetics, at the address set forth below its signature or at such other address as the Odetics may specify by providing written
notice to the Purchaser in accordance with this Section. 

        IN WITNESS WHEREOF, this Agreement has been executed to be effective as of the date and year first above written. This Agreement may be
executed by facsimile signature and in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 

	 	 	ODETICS, INC.
	

 	
 	

By:	

/s/  GREG A. MINER      
 Gregory A. Miner,

Chief Executive Officer and Chief Financial Officer

	 	 	Address:	1515 South Manchester Avenue

Anaheim, California 92802-2907

Attention: Chief Executive Officer
	

 	
 	

Facsimile No.: (714) 780-7857

	

 	
 	

1515 S. MANCHESTER, LLC, a California limited liability company
	

 	
 	

By:	

/s/  WILLIAM A. MCFARLAND      

	 	 	Print Name:	William A. McFarland

	

 	
 	

Title:	

 
	 	 	 	

3

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Exhibit 4.3

STOCK PURCHASE AGREEMENT

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