Document:

Exhibit 10.11

 

CONSULTING AGREEMENT

 

THIS AGREEMENT is made as of October 23, 2008, by and
between Who’s Your Daddy, Incorporated, a Nevada corporation having an address
at 5840 El Camino Real, Suite 108, Carlsbad California 92008 (the
“Company”), ticker symbol WYDI and Net Vertex New York Inc., a New York
company, having an address at 16 West 32nd Street, Suite 707,
New York, NY 10001 (the “Consultant”).

 

RECITALS:

 

WHEREAS, the Company
requires services to promote its brand and market its products;

 

WHEREAS, the Consultant
has provided international product distribution and business development
services for a number of companies;

 

WHEREAS, the Company recognizes the substantial
experience and knowledge of the Consultant in matters relating to international
business contacts;

 

WHEREAS, the Company further recognizes that it is in the
best interests of the Company to engage the consulting services of the
Consultant; and

 

WHEREAS, the Company
desires to retain the services of the Consultant, and the Consultant desires to
render such services to the Company upon the terms set forth in this Agreement.

 

NOW, THEREFORE, in
consideration of the mutual promises and covenants set forth below, and other
good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:

 

1.                                     Recitals.                              The Recitals to
this Agreement are hereby incorporated into this Agreement as though fully
restated herein.

 

2.                                     Engagement.        The Company hereby engages
the Consultant, and the Consultant accepts engagement by the Company, upon the
terms and conditions set forth in this Agreement.

 

3.                                     Term.      The term of this Agreement
shall begin on the date hereof and shall continue until October 23, 2009
subject to the following provisions:

 

(a) The Consultant can
at its sole discretion elect to withdraw from the Agreement subject to a 10 day
written notice to the Company should the Consultant deem the Company being
unresponsive or uncooperative. Company would still be liable to the Consultant
for any “Success Fees,” as described in Section 4; generated directly or
indirectly by the Consultants efforts and or introductions.

 

1

 

(b) The Company can at
its discretion terminate the Agreement subject to a 10 day written notice at
the conclusion of the “Initial Period,” defined as three months, if the
Consultant’s efforts have not resulted in tangible progress by the Consultants
on the Company’s behalf. Tangible progress being meetings scheduled with Japanese,
European or US direct or indirect contacts; “Introduced Parties” of the
Consultant regarding active talks or negotiations pertaining to the “Introduced
Parties” direct or in-direct participation in any joint venture, strategic
alliance, etc. with the Company. The Company will still be liable for any and
all “Success Fees” generated by directly or indirectly by the Consultant’s
efforts for the duration of the Agreement between the Parties.

 

4.                                     Consulting
Services Compensation.

 

(a)                                 The Company
shall pay to Consultant or its designees as compensation for its services under
this Agreement:

 

(i)                                    As compensation
for its services, the Consultant shall receive 2,000,000 shares of common stock
of the Company.  Company agrees to issue
such shares upon the execution of this Agreement and Company and Consultant
agree to have said shares be held in an independent third party escrow account
of mutual agreement subject to the following earn out or claw back
provision:  250,000 shares shall be fully
earned and released upon completing a Business Lending Credit Line, loan, or
SBA Program, with no personal guaranty requirements, which the Consultant
secures for the Company for a minimum of $250,000 US, for a minimum period of
one year with an annual interest rate in the range of US Prime Rate plus 3
Points. An additional 250,000 shares shall be earned and released upon the
accepting of a loan or Credit Line, with no personal guaranty requirements, for
a minimum of $250,000 US, which the Consultant secures on behalf of the Company
from a Tokyo financial institution for a minimum period of one year with a
capability to extend, at an annual interest rate range of Prime Rate in Japan
plus 3 Points. Should the Company decide not to accept funds made available by
either loan approval within the above parameters then the shares that would
have been earned will be deemed earned regardless of the Company accepting the
funds. The remaining 1,500,000 shares shall be earned and released upon the
Company accepting any form of Commitment Letters for $2,500,000 from parties
introduced by Consultant (the “Introduced Parties”) for joint-venture,
distribution, business development, or strategic business relationships.
However, the Company is under no obligation to accept any such Commitment Letters.
In addition if the Company cancels this Agreement then 500,000 of the up-front
shares shall be deemed earned. Should the Company accept a Commitment Letter
for less than $2,500,000 from an Introduced Party, then Consultant shall earn a
pro rata share of the remaining 1,500,000 shares, equivalent to the ratio
between the amount accepted and $2,500,000. Additional fees for further 

 

2

 

consulting services, the
“Success Fees”, shall be paid to the Consultant for any and all Introduced
Parties that directly or indirectly result in any form of direct or indirect
joint venture, distribution, business development, or strategic business
relationships, etc.  The Success Fee shall
be equal to ten percent (10%) of any amounts received by the Company from an
Introduced Party , plus 100,000 common shares of the Company for each
$1,000,000 received from an Introduced Party, or the equivalent on a pro rata
basis. Notwithstanding the foregoing, to the extent the Consultant is required
to have a securities license in order to lawfully be paid any such Success Fee,
the fee will not be payable to Consultant. The Company shall be under no
obligation to accept any transaction or relationship arranged by Consultant,
except as described in 4(a)(i) above.

 

(ii)                                The Consultant
shall be responsible for arranging independent legal counsel to act as an
escrow type agent for any business relationships the Company may enter with
Third Parties introduced to the Company directly or indirectly by the
Consultant subject to the Company approving the Consultants selection, but
which cannot be unreasonably withheld. Company further agrees that the
Consultants and Company’s signatures shall be required for approval for the
release of any and all monies, stock and chattel to be released out of said
escrow type accounts and that Consultants fees shall be distributed directly to
the account or accounts of Consultant’s choosing from the escrow type
account(s). Should the Company decide not to accept funds deposited in escrow
type account from the business development, distribution, strategic partners,
joint venture or any other Introduced Party, after approving the terms of such
arrangement, then all appropriate fees and compensation will be deemed earned
regardless of the Company accepting the funds.

 

(b)                                The Company
will in the future provide the Consultant with such additional compensation as
the Company and the Consultant shall mutually agree for any additional services
by the Consultant not provided for in this Agreement such as Licensing,
Agreements, Marketing Agreements and any additional services not specified in
this agreement, subject to the same escrow provisions of section 4 a (ii).

 

(c)                                 The Company
represents and warrants as follows:

 

(i)                                    All issued and
outstanding shares of the Company’s common stock (i) have been duly
authorized and validly issued and are fully paid and non-assessable and (ii) were
issued in compliance with all applicable state and federal laws concerning the
issuance of securities, and no stockholder has a right of rescission or damages
against the Company with respect thereto. 
The stockholders of the Company have no preemptive rights under the
applicable laws of the State of Nevada.

 

3

 

(d)                                The rights,
preferences, privileges and restrictions of the shares of the Company’s common
stock are as stated in the Articles of Incorporation (the “CHARTER”) of the
Company.  The shares issued to the
Consultant have been duly and validly reserved for issuance.  When issued in compliance with the provisions
of this Agreement and the Company’s Charter, the shares issued to the
Consultant will be validly issued, fully paid and non-assessable, and will be
free of any liens or encumbrances.

 

(e)                                 Consultant
acknowledges that all shares issued to Consultant pursuant to this Agreement
will not be registered under the Securities Act of 1933, as amended (the
“Act”). Each of the certificates evidencing the Shares 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”), OR THE SECURITIES LAWS OF ANY STATE, AND MAY NOT BE
OFFERED, SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF
EXCEPT PURSUANT TO (i) AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT
AND ANY APPLICABLE STATE LAWS, (ii) TO THE EXTENT APPLICABLE, RULE 144
UNDER THE ACT (OR ANY SIMILAR RULE UNDER THE ACT RELATING TO THE DISPOSITION OF
SHARES), OR (iii) AN OPINION OF COUNSEL, IF SUCH OPINION SHALL BE
REASONABLY SATISFACTORY TO COUNSEL TO THE ISSUER, THAT AN EXEMPTION FROM
REGISTRATION UNDER THE ACT AND APPLICABLE STATE LAW IS AVAILABLE

 

(f)                                   Consultant
represents and warrants that it is  accepting the
Shares solely for its own account as principal, and not with a view to the
resale or for distribution thereof, in whole or in part, and no other person or
entity has a direct or indirect beneficial interest in such Shares.

 

5.                                     Duties.  From time to time as reasonably requested by
the Company, the Consultant agrees to perform consulting services related to
international business development and other financial service matters, upon
the request of the President of the Company, and will make available qualified
personnel for this purpose and devote such business time and attention to such
matters as the Consultant shall determine is required.  Such services shall include, without
limitation, strategic planning, planning meetings with the international and
domestic investment community, assisting the Company’s management in designing
the Company’s Business Plan and “Growth-by-Acquisition” Strategic Alliance or
“Joint-Venture” strategy. Additionally, Consultant shall prepare or assist in
the preparation of a Company Corporate Profile, Fact Sheets, and Shareholder
Letters as needed.

 

6.                                     Nature
of Engagement.  The Company is engaging the Consultant as an
independent contractor. Nothing in this Agreement shall be construed to create
an employer-employee, partnership or joint venture relationship between the
parties.  The Company shall have not
liability for any federal, state or local income taxes of the Consultant
arising hereunder.  The services to be
provided by the Consultant will not be in connection with the offer or sale of
securities in a capital-raising transaction.

 

4

 

7.                                     Expenses.  The Company shall be responsible to cover in
advance all airline costs and hotel room expenses for Messrs. Yamagishi
and McLoone to travel to Tokyo in advance to fulfill the Consultant’s role.
Additionally upon receipt of requests from the Consultant for reimbursement,
the Company shall reimburse the Consultant for all reasonable and necessary
expenses the Consultant incurs, on and prior to and after the date of this
Agreement in performing its duties in connection with this Agreement. The
Consultant shall be required to receive written authorization from the Company
prior to incurring any expenses. Consultant will provide company with written
evidence of expenses with any reimbursement request. Company agrees to cover
all costs associated with translating English documents to Japanese to assist
Consultant with fulfilling their assignment. The Initial Expenses of $50,000 US
to be paid directly out of a bridge loan or SBA Loan or Line of Credit
proceeds.

 

8.                                     Miscellaneous.

 

(a)                                 Notices.  All notices or other communications required
or permitted to be given pursuant to this Agreement shall be in writing and
shall be considered as duly given on (a) the date of delivery, if
delivered in person, by nationally recognized overnight delivery service or by
facsimile or (b) three days after mailing if mailed from within the
continental United States by registered or certified mail, return receipt requested
to the party entitled to receive the same, if to the Company, Automotive
General, at the address set forth herein, 5840 El Camino Real, Suite 108,
Carlsbad California 92008; and if the Consultant, at the address set forth
herein, 16 West 32nd Street, Suite 707, New York, NY
10001.  Any party may change his or its
address by giving notice to the other party stating his or its new
address.  Commencing on the 10th day
after the giving of such notice, such newly designated address shall be such
party’s address for the purpose of all notices or other communications required
or permitted to be given pursuant to this Agreement.

 

(b)                                 Governing
Law.   This
Agreement and the rights of the parties hereunder shall be governed by and
construed in accordance with the laws of the State of California without regard
to its conflicts of law principles.  All
parties hereto agree that the mailing of any process in any suit, action or
proceeding in accordance with the notice provisions of this Agreement shall
constitute personal service thereof.

 

(c)                                 Exclusive
Jurisdiction and Venue.  The parties agree that the Courts of the
County of Orange, State of California shall have sole and exclusive
jurisdiction and venue for the resolution of all disputes arising under the
terms of this Agreement and the transactions contemplated herein.

 

(d)                                 Entire
Agreement; Waiver of Breach.  This Agreement constitutes the entire
agreement among the parties and supersedes any prior agreement or understanding
among them with respect to the subject matter hereof, and it may not be
modified or amended in any manner other than as provided herein; and no waiver
of any breach or condition of this Agreement shall be deemed to have occurred
unless such waiver is in writing, signed by the party against whom enforcement
is sought, and no waiver shall be claimed to be a waiver of any subsequent
breach or condition of a like or different nature.

 

5

 

(e)                                 Binding
Effect; Assignability.  This Agreement and all the terms and
provisions hereof shall be binding upon and shall inure to the benefit of the
parties and their respective heirs, successors and permitted assigns.  This Agreement and the rights of the parties
hereunder shall not be assigned except with the written consent of all parties
hereto.  Notwithstanding any provision of
this Agreement to the contrary, the Consultant shall be entitled to direct the
Company in writing that any funds payable or stock issuable to it pursuant to
this Agreement shall instead be paid or issued to its designee.

 

(f)                                   Captions.  Captions contained in this Agreement are
inserted only as a matter of convenience and in no way define, limit or extend
the scope or intent of this Agreement or any provision hereof.

 

(g)                                Number
and Gender.  Wherever from the context it appears
appropriate, each term stated in either the singular or the plural shall
include the singular and the plural, and pronouns stated in either the
masculine, the feminine or the neuter gender shall include the masculine,
feminine and neuter.

 

(h)                                Severability.  If any provision of this Agreement shall be
held invalid or unenforceable, such invalidity or unenforceability shall attach
only to such provision and shall not in any manner affect or render invalid or
unenforceable any other severable provision of this Agreement, and this
Agreement shall be carried out as if any such invalid or unenforceable
provision were not contained herein.

 

(i)                                   Amendments.  This Agreement may not be amended except in a
writing signed by all of the parties hereto.

 

(j)                                   Counterparts.  This Agreement may be executed in several
counterparts, each of which shall be deemed an original but all of which shall
constitute one and the same instrument. 
In addition, this Agreement may contain more than one counterpart of the
signature page and this Agreement may be executed by the affixing of such
signature pages executed by the parties to one copy of the Agreement; all
of such counterpart signature pages shall be read as though one, and they
shall have the same force and effect as though all of the signers had signed a
single signature page.  A facsimile
signature shall have the same force and effect as an original thereof.

 

(k)                               Third
Parties.  Except as specifically set forth or referred
to herein, nothing herein expressed or implied is intended or shall be
construed to confer upon or give to any person or corporation other than the
parties hereto and their successors or assigns any rights or remedies under or
by reason of this Agreement.

 

(l)                                   Attorneys’
Fees.  In the
event any party hereto shall commence legal proceedings against the other to
enforce the terms hereof, or to declare rights hereunder, as the result of a
breach of any covenant or condition of this Agreement, the prevailing party in
any such proceeding shall be entitled to recover from the losing party its
costs of suit, including reasonable attorneys’ fees, as may be fixed by the
court.

 

6

 

IN WITNESS WHEREOF, the parties
hereto have executed this Agreement as of the day and year first above written.

 

	
  Who’s Your Daddy, Inc.

  	
         Net
  Vertex New York Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Michael Dunn

  	
   

  	
  By:

  	
  /s/ Hiro Yamagishi

  
	
   

  	
  Michael Dunn, CEO

  	
   

  	
   

  	
  Hiro Yamagishi, President

  

 

7Exhibit 10.12

 

 

SEPARATION AGREEMENT AND GENERAL RELEASE

 

THIS
SEPARATION AGREEMENT AND GENERAL RELEASE (“Agreement”) is made and entered into
by and between John F. Moynahan (“Executive” or “Party”) and Who’s Your Daddy, Inc.
(“Employer” or “Party”), a Nevada corporation, with an effective date of November 21,
2008.

 

RECITALS

 

A.      Executive was employed by Employer as its
Senior Vice President and Chief Financial Officer (“CFO”) as of May 1, 2007,
pursuant to an Employment Agreement of equal date (“Employment Agreement”);

 

B.        On September 5, 2008, the Executive
provided notice to the Employer that he had elected to voluntarily resign from
his employment under the terms of the Employment Agreement;

 

C.        The Employment Agreement provides that the
Executive receives certain compensation upon his resignation under the terms of
the Employment Agreement and the Employer is currently unable to pay this
compensation;

 

D.       In consideration for the release granted by
Executive herein, Employer wishes to grant, and Executive desires to receive, the
release set forth in this Agreement; and

 

E.         Executive and Employer (collectively, the “Parties”)
wish permanently to resolve any and all actual and/or potential disputes
between them, including disputes arising out of Executive’s employment with
Employer or the cessation of that employment.

 

NOW,
THEREFORE, for and in consideration of the execution of this Agreement and the
mutual covenants contained in the following paragraphs, Employer and Executive
agree as follows:

 

1.  No Admission of Liability.     The Parties agree that neither this Agreement,
nor performance of the acts required by it, constitute an admission of
liability, culpability, negligence or wrongdoing on the part of anyone, and
will not be construed for any purpose as an admission of liability, culpability,
negligence or wrongdoing by any Party and/or by any Party’s current, former or
future parents, subsidiaries, related entities, predecessors, successors, officers,
directors, shareholders, agents, employees and assigns.

 

2.  Separation Payments.     In
consideration of the releases granted by Executive herein and in settlement of
amounts otherwise owed to the Executive under his Employment Agreement, Employer
agrees to pay Executive a total of $120,000, with $20,000 to reimburse the
Executive for Employer-Related travel expenses already incurred by him, payable
as follows.

 

a.)                        $10,000 to be paid by the Employer to the
Executive following the execution of this Agreement with the Employer using a
best efforts basis to make  this payment as soon as possible;

 

b.)                       Executive shall receive 5% (five percent) of
the net cash proceeds received from capital raised by the Employer through
direct loans (not including any loans made to the Employer by officers, directors
or employees) or the issuance of debt or equity financial instruments since November 21,
2008 up to the first $1,000,000 of such funds received, and 8% (eight percent) of
such funds received above that amount, with such amount to be paid to the
Executive promptly after end of the month in which such funds were received;

 

c.)                        Executive shall receive a portion of cash
collections from sales of Employer’s products based on the size of product and
the selling price per case as follows:

 

(remainder of page intentionally blank)

 

	
  Initials: 

  	
  /

  

 

 

1

 

	
  Sales Price per Case

  	
   

  	
  Payment

  per Case

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  16 oz. products

  	
   

  	
   

  	
   

  
	
  $23.00 and up

  	
   

  	
  $

  	
  1.25

  	
   

  
	
  $17.00 to $22.99

  	
   

  	
  $

  	
  1.00

  	
   

  
	
  $10.01 to $16.99

  	
   

  	
  $

  	
  0.50

  	
   

  
	
  $10.00 and below

  	
   

  	
  $

  	
  0.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8 oz products

  	
   

  	
   

  	
   

  
	
  $22.00 and up

  	
   

  	
  $

  	
  1.00

  	
   

  
	
  $16.00 to $21.99

  	
   

  	
  $

  	
  0.75

  	
   

  
	
  $10.01 to $15.99

  	
   

  	
  $

  	
  0.30

  	
   

  
	
  $10.00 and below

  	
   

  	
  $

  	
  0.00

  	
   

  

 

Notwithstanding
the above, the payment to Executive related to sales of product to T-Bone
Beverages shall be $0.20 per case. These payments shall be paid to the
Executive promptly after the end of the month in which they were received. Each
payment will include a lead schedule in the form attached herein as Exhibit A,
along with copies of invoices to support the calculations. This lead schedule
will be transmitted to the Executive each month to support a payment or marked
to show that no payment was due.

 

3.  Protection of Confidential
Information; Post-Employment Non-Solicitation. Executive hereby understands and
acknowledges that he is subject to certain obligations, set forth in Section 8
“Restrictions Respecting Competing Businesses, Confidential Information, etc.”
of the Employment Agreement and agrees that he will comply with said
obligations, to the fullest extent allowable by state and federal law.

 

4.  Executive’s General
Release. In consideration of the benefits provided
under this Agreement, including without limitation the Separation Payments, Executive
on his own individual behalf and on behalf of his heirs, executors, administrators,
assigns and successors, fully and forever releases and discharges Employer and
each of its current, former and future parents, subsidiaries, related entities,
employee benefit plans and their fiduciaries, predecessors, successors, officers,
directors, shareholders, agents, employees and assigns (collectively, “Releasees”),
with respect to any and all claims, liabilities and causes of action, of every
nature, kind and description, in law, equity or otherwise, which have arisen, occurred
or existed at any time prior to the signing of this Agreement, arising out of, or
in connection with, or resulting from Executive’s employment with Employer, or
the cessation of that employment.

 

5.  Waiver of
Employment-Related Claims. Executive understands
and agrees that, with the exception of potential employment-related claims
identified below, and provided there is no default on this Agreement by the
Employer, he is waiving and releasing any and all rights or remedies he may
have had or now has to pursue against Employer or any of the Releasees for any
employment-related causes of action, including without limitation, claims of
wrongful discharge, breach of contract, breach of the covenant of good faith
and fair dealing, fraud, violation of public policy, defamation, discrimination,
personal injury, physical injury, emotional distress, claims under Title VII of
the Civil Rights Act of 1964, the Americans With Disabilities Act, the Federal
Rehabilitation Act, the Family and Medical Leave Act, the Health Insurance and
Portability and Accountability Act, the California Fair Employment and Housing
Act, the California Family Rights Act, the Equal Pay Act of 1963, the
provisions of the California Labor Code and any other federal, state or local
laws and regulations relating to employment, conditions of employment (including
wage and hour laws) and/or employment discrimination. Claims not covered by
Executive’s release are (i) claims for unemployment insurance benefits, (ii) claims
under the California Workers’ Compensation Act (Executive represents, however, that
he is not aware of having sustained any work-related injuries during his
employment with the Employer), (iii) claims arising out of the breach of
this Agreement, and (iv) claims relating to coverage of the Executive as a
former director and/or officer of the Employer under the Employer’s directors’ and
officers’ liability insurance policy.

 

	
  Initials: 

  	
  /

  

 

2

 

6.  Mutual
Waiver of Unknown Claims. Executive and the Employer expressly waive any and all statutory and/or
common law rights they each may have to the effect that a General Release does
not release unknown claims, including any rights under Section 1542 of the
Civil Code of the State of California, which states as follows:

 

“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 the release, which if known by him must have materially affected his
settlement with the debtor.”

 

Executive
and the Employer expressly agree and understand that the general releases given
by the parties pursuant to this Agreement apply to all unknown, unsuspected and
unanticipated claims, liabilities and causes of action which may exist against
the other party.

 

7.  Employer’s
Release.  In
consideration of the benefits provided under this Agreement, Employer, on its
own behalf and on behalf of its current, former and future parents, subsidiaries,
related entities, employee benefit plans and their fiduciaries, predecessors, successors,
officers, directors, shareholders, agents, employees and assigns, fully and
forever releases and discharges Executive, his heirs, executors, administrators,
assigns and successors, with respect to any and all claims, liabilities and
causes of action, of every nature, kind and description, in law, equity or
otherwise, which have arisen, occurred or existed at any time prior to the
signing of this Agreement, arising out of, or in connection with, or resulting
from Executive’s employment with Employer, or the cessation of that employment.

 

8.  Mutual
Non-Disparagement.  The
Executive agrees not to disparage the Employer, the Employer’s officers, directors,
employees, shareholders and agents, affiliates and subsidiaries in any manner
likely to be harmful to them or their business, business reputation or personal
reputation. The Employer, the Employer’s officers, directors, and employees
agree not to disparage the Executive in any manner likely to be harmful to him
or his business reputation or personal reputation.

 

9.  Right of
Audit and Events of Default.  Not more than four times per year, the Employee is entitled to request
and examine accounting documents reasonably related to verifying that the
amounts paid to him under this Agreement were properly calculated and properly
paid in a timely manner. Such investigation may be conducted in the principal
office of the Employer during normal business hours or remotely via electronic
transmission of such documents. If a deficiency is found by the Employee as a
result of this examination and the Employer does not make a payment to
Executive to rectify such deficiency within 5 business days, this Agreement
shall be in default. This Agreement shall also be considered in default if the
Employer declares bankruptcy, reorganization or liquidation.

 

10.  Remedies
Upon Event of Default. Upon an Event of Default, the Executive may, at his sole discretion, take
whatever actions he deems necessary to collect $120,000 less any Separation
Payments received prior to the Event of Default pursuant to this Agreement.

 

11.  Consideration/Revocation
Period. This
Agreement is intended to release and discharge any claims by Executive under
the Age Discrimination and Employment Act. To satisfy the requirements of the
Older Workers’ Benefit Protection Act, 29 U.S.C. section 626(f), the Parties
agree as follows:

 

(a)          Executive acknowledges that he has read and
understands the terms of this Agreement;

 

(b)         Executive acknowledges that he has been
advised to consult with independent counsel regarding this Agreement, and that
he has received all counsel necessary to willingly and knowingly enter into
this Agreement;

 

(c)          Executive acknowledges that he has been given
twenty-one (21) days to consider the terms of this Agreement (the “Consideration
Period”), has taken sufficient time to consider whether to execute it, and has
chosen to enter into this Agreement knowingly and voluntarily. If Executive
does not present an executed copy of this Agreement to Employer’s Chief Financial
Officer on or before the expiration of the Consideration Period, this Agreement
and the offer it contains will lapse; and

 

	
  Initials: 

  	
  /

  

 

3

 

(d) For
seven (7) days following the execution of this Agreement (should he elect
to execute it), Executive may revoke this Agreement by delivering a written
revocation to Employer’s Chief Financial Officer. This Agreement shall not
become effective until the eighth (8th) day after Executive executes and does
not revoke it (the “Effective Date”). If Executive either fails to sign the
Agreement during the Consideration Period, or revokes it prior to the Effective
Date, he shall not receive the Separation Payments described herein.

 

12.  Severability. The Parties agree that if any provision of
the releases given under this Agreement is found to be unenforceable, it will
not affect the enforceability of the remaining provisions and the courts may
enforce all remaining provisions to the extent permitted by law.

 

13.  Entire
Agreement. The
Parties acknowledge that this Agreement contains the entire agreement between
the Parties concerning its subject matter, and further acknowledge that this
Agreement supersedes any and all prior agreements concerning this subject matter.

 

14.  Voluntary
Execution. The
Parties acknowledge that they have read and understand this Agreement and that
they sign it voluntarily and without coercion. The Parties further agree that
if any of the facts or matters upon which they relied in signing this Agreement
prove to be otherwise, this Agreement will nonetheless remain in full force and
effect.

 

15.  Notices. All notices, consents, directions, approvals,
instructions, requests and other communications required or permitted by the
terms of this Agreement to be given to any person shall be in writing, and
shall be delivered via email concurrently to the following addresses:

 

Executive:                  jmoynahan@att. net  and  moyno 2006@gmail.com

Employer:                   michaelrdunn@hotmail. com, edon@wydmail.com
and michaeld @wydmail.com

 

or
to such other email address as a party may have furnished to the other parties
in writing in accordance herewith. Any notice, consent, direction, approval, instruction,
request or other communication given in accordance with this Section 14 shall
be effective after it is received by the intended recipient.

 

16.  Waiver,
Amendment and Modification. The Parties agree that no waiver, amendment or modification of any of
the terms of this Agreement shall be effective unless in writing and signed by
all parties affected by the waiver, amendment or modification. No waiver of any
term, condition or default of any term of this Agreement shall be construed as
a waiver of any other term, condition or default.

 

17.  Choice of
Law and Venue. This
Agreement shall be deemed to have been made in the State of California and the
validity, interpretation and performance of this Agreement shall be governed by,
and construed in accordance with, the internal law of California, without
giving effect to conflict of law principles. Any action, demand, claim or
counterclaim relating to, or arising under, the terms and provisions of this
Agreement, or to its breach, shall be commenced in California in a court of
competent jurisdiction. In the event that one Party takes legal action against
the other Party related to this Agreement, the prevailing Party is entitled to
collect legal fees, court expenses and the like from the other party, which
shall be paid promptly upon the settlement of such legal action.

 

18.  Headings
and Counterparts.
The headings contained in this Agreement are inserted for reference purposes
only and shall not in any way affect the meaning, construction or
interpretation of this Agreement. This Agreement may be executed in two (2) counterparts,
each of which when executed shall be deemed to be an original, but both of
which, when taken together, shall constitute one and the same document.

 

(remainder of page intentionally blank)

 

	
  Initials: 

  	
  /

  

 

4

 

IN
WITNESS WHEREOF, the Executive and the Employer have executed this Agreement as
of the dates written below.

 

 

	
   

  	
  John
  F. Moynahan (“Executive”)

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  /s/ John F. Moynahan

  	
   

  	
  11/21/08

  
	
   

  	
   

  	
   

  	
  Date

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Who’s
  Your Daddy, Inc. (“Employer”)

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Date

  
	
   

  	
  Name:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  	
   

  

 

	
  Initials: 

  	
  /

  

 

5

 

Exhibit A

Lead Schedule to Accompany Payments under
Section 2

 

	
   

  	
   

  	
   

  	
   

  	
  Date of

  	
   

  	
  Product

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Invoice

  	
   

  	
  Rate

  	
   

  	
  Due to

  	
   

  
	
  Customer

  	
   

  	
  Invoice #

  	
   

  	
  Shipment

  	
   

  	
  Collection

  	
   

  	
  Type

  	
   

  	
  # Cases

  	
   

  	
  $ per Case

  	
   

  	
  Amount

  	
   

  	
  per Case

  	
   

  	
  Executive

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

	
  Initials: 

  	
  /

  

 

6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}]]