MARKETING & REPRESENTATION AGREEMENT
This Marketing &
Representation Agreement (the “Agreement”) is made and
entered into as of this 26 th day of January, 2009, by and
between Who’s Your Daddy, Inc., a Nevada corporation (the
“Company”) and Leigh Steinberg Sports &
Entertainment LLC, a Nevada limited liability company (the
“Consultant”) (individually, a “Party”;
collectively, the “Parties”).
RECITALS
WHEREAS, Consultant has extensive
experience in the areas of representation, marketing, branding,
licensing and furthering business transactions and relationships;
and
WHEREAS, the Parties desire to combine
their efforts in identifying, placing and executing the established
marketing plan including but not limited to the promotion and sale
of the product, merchandising, music rights, movie rights,
licensing of products, corporate sponsorships and any public
relations related activities in the United States.
NOW,
THEREFORE, in consideration of the mutual promises herein
contained, the Parties hereto hereby agree as follows:
1. CONSULTING
SERVICES
Attached hereto as
Exhibit A and incorporated herein by this reference is a
description of the services to be provided by the Consultant
hereunder (the “Consulting
Services”). Consultant hereby agrees to utilize
its best efforts in performing the Consulting Services, however,
Consultant makes no warranties, representations, or guarantees
regarding any corporate strategies attempted by the Company or the
eventual effectiveness of the Consulting Services.
2. TERM OF
AGREEMENT
This Agreement shall
be in full force and effect commencing upon the date
hereof. This Agreement has a term of 12 months beginning
on the date hereof. Either Party hereto shall have the
right to terminate this Agreement without notice in the event of
the death, bankruptcy, insolvency, or assignment for the benefit of
creditors of the other Party. Consultant shall have the
right to terminate this Agreement if Company fails to comply with
the terms of this Agreement, including without limitation its
responsibilities for fees as set forth in this Agreement, and such
failure continues unremedied for a period of 30 days after written
notice to the Company by Consultant. The Company shall
have the right to terminate this Agreement upon delivery to
Consultant of notice setting forth with specificity facts
comprising a material breach of this Agreement by
Consultant. Consultant shall have 30 days to remedy such
breach.
3. TIME
DEVOTED BY CONSULTANT
It is anticipated
that the Consultant shall spend as much time as deemed necessary by
the Consultant in order to perform the obligations of Consultant
hereunder. The Company understands that this amount of
time may vary and that the Consultant may perform Consulting
Services for other companies.
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PLACE WHERE SERVICES WILL BE
PERFORMED
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The Consultant will
perform most Consulting Services in accordance with this Agreement
at Consultant’s offices. In addition, the
Consultant will perform Consulting Services on the telephone and at
such other place(s) as necessary to perform these services in
accordance with this Agreement.
5. INDEPENDENT
CONTRACTOR
Both Company and the
Consultant agree that the Consultant will act as an independent
contractor in the performance of his duties under this
Agreement. Nothing contained in this Agreement shall be
construed to imply that Consultant, or any employee, agent or other
authorized representative of Consultant, is a partner, joint
venturer, agent, officer or employee of Company.
6. COMPENSATION
TO CONSULTANT
The Consultant's
compensation for the Consulting Services shall be as set forth in
Exhibit B attached hereto and incorporated herein by this
reference. The Consultant will be solely responsible for
all tax returns and payments required to be filed with or made to
any federal, state or local tax authority with respect to the
Consultant’s performance of services and receipt of fees
under this Agreement. The Company will regularly report
amounts paid to the Consultant by filing Form 1099-MISC and/or
other appropriate form with the Internal Revenue Service as
required by law. Because the Consultant is an
independent contractor, the Company will not withhold or make
payments for social security; make non-consulting contract
insurance or disability insurance contributions; or obtain
worker’s compensation insurance on the Consultant’s
behalf. The Consultant agrees to accept exclusive
liability for complying with all applicable state and federal laws
governing self-employed individuals, including obligations such as
payment of taxes, social security, disability and other
contributions based on fees paid to the Consultant under this
Agreement. The Consultant hereby agrees to indemnify and
defend the Company against any and all such taxes or contributions,
including penalties and interest.
7. CONFIDENTIAL
INFORMATION
The Consultant and
the Company acknowledge that each will have access to proprietary
information regarding the business operations of the other and
agree to keep all such information secret and confidential and not
to use or disclose any