MARKETING & REPRESENTATION AGREEMENT


MARKETING & REPRESENTATION AGREEMENT

This Marketing & Representation Agreement (the “Agreement”) is made and entered into as of this 26th day of January, 2009, by and between Who’s Your Daddy, Inc., a Nevada corporation (the “Company”) and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ 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.

 
 
 

4.
PLACE WHERE SERVICES WILL BE PERFORMED

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 such information to any individual or organization without the non-disclosing Parties prior written consent.  It is hereby agreed that from time to time Consultant and the Company may designate certain disclosed information as confidential for purposes of this Agreement.

8.         INDEMNIFICATION

Each Party (the “Indemnifying Party”) agrees to indemnify, defend, and hold harmless the other Party (the “Indemnified Party”) from and against any and all claims, damages, and liabilities, including any and all expense and costs, legal or otherwise, caused by the negligent act or omission of the Indemnifying Party, its subcontractors, agents, or employees, incurred by the Indemnified Party in the investigation and defense of any claim, demand, or action arising out of the work performed under this Agreement; including breach of the Indemnifying Party of this Agreement.  The Indemnifying Party shall not be liable for any claims, damages, or liabilities caused by the sole negligence of the Indemnified Party, its subcontractors, agents, or employees.

 
 
 

The Indemnified Party shall notify promptly the Indemnifying Party of the existence of any claim, demand, or other matter to which the Indemnifying Party’s indemnification obligations would apply, and shall give them a reasonable opportunity to settle or defend the same at their own expense and with counsel of their own selection, provided that the Indemnified Party shall at all times also have the right to fully participate in the defense.  If the Indemnifying Party, within a reasonable time after this notice, fails to take appropriate steps to settle or defend the claim, demand, or the matter, the Indemnified Party shall, upon written notice, have the right, but not the obligation, to undertake such settlement or defense and to compromise or settle the claim, demand, or other matter on behalf, for the account, and at the risk, of the Indemnifying Party.

The rights and obligations of the Parties under this Article shall be binding upon and inure to the benefit of any successors, assigns, and heirs of the Parties.

9.         COVENANTS OF CONSULTANT

Consultant covenants and agrees with the Company that, in performing Consulting Services under this Agreement, Consultant will:

(a)        Comply with all federal and state laws;

(b)        Not make any representations other than those authorized by the Company; and

(c)        Not publish, circulate or otherwise use any materials or documents other than materials provided by or otherwise approved by the Company.

10.       MISCELLANEOUS

(A)       This Agreement shall be constructed and interpreted in accordance with and the governed by the laws of the State of California.

(B)       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.

(C)       If either Party to this Agreement brings an action on this Agreement, the prevailing Party shall be entitled to reasonable expenses therefore, including, but not limited to, attorneys’ fees and expenses and court costs.

 
 
 

(D)       This Agreement shall inure to the benefit of the Parties hereto, their administrators and successors in interest.  This Agreement shall not be assignable by either Party hereto without the prior written consent of the other.

(E)        This Agreement contains the entire understanding of the Parties and supersedes all prior agreements between them.

(F)        No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by the Parties.  No waiver of any of the provisions of this Agreement shall be deemed, or shall constitute, a waiver of any other provision, whether or not similar, nor shall any waiver constitute a continuing waiver.  No waiver shall be binding unless executed in writing by the Party making the waiver.

(G)       If any provision hereof is held to be illegal, invalid or unenforceable under present or future laws effective during the term hereof, such provision shall be fully severable.  This Agreement shall be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a part hereof, and the remaining provisions hereof shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its severance herefrom.

IN WITNESS WHEREOF, the Parties hereto have placed their signatures hereon on the day and year first above written.

COMPANY:
CONSULTANT:
   
WHO’S YOUR DADDY, INC.
▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ SPORTS &
a Nevada corporation
ENTERTAINMENT, LLC
 
a Nevada limited liability company
   
   
 /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇            
 /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇        
By: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
By: ▇▇▇▇▇ ▇▇▇▇▇▇▇
Its: Chief Executive Officer
Its: COO

 
 
 

EXHIBIT A

DESCRIPTION OF CONSULTING SERVICES

The Consulting Services shall including, but not limited to, the following marketing, public relations, and merchandising services, including introductions, negotiations, and support, pursuant to the terms of this Agreement:

Marketing/ Endorsements

 
·
Identifying, securing and negotiating Sponsorship Agreements;
 
·
Identifying, securing and negotiating Marketing and Endorsement Agreements; and
 
·
Identifying “brand” enhancement opportunities unique to the Company.

Public Relations

 
·
Public relations and press maintenance (TV, radio, internet, etc.);
 
·
Corporate “brand” enhancement (i.e. image enhancement, presenting the Company to the public in a positive and influential light); and
 
·
Ongoing and consistent public relations consulting services.

Merchandising

 
·
Provide a merchandising program (outside of retail);
 
·
Developing corporate incentive programs to stimulate business and relationship capital; and
 
·
Ongoing and consistent merchandising consulting services.



 
 
 

EXHIBIT B

TERMS OF COMPENSATION

The Consultant’s compensation hereunder shall be as follows:

1.         ENGAGEMENT FEE.  Upon execution of this Agreement, an engagement fee of $7,500 shall be paid to the Consultant.

2.         MONTHLY ADVISORY FEES.  Beginning April 1, 2009 and continuing until this Agreement is terminated as set forth in Section 2, a monthly fee of $7,500 shall be paid to the Consultant on the first day of each month.

3.         SUCCESS FESS.  As further compensation for the Consulting Services, and subject to the terms and conditions of this Agreement, Consultant shall receive a 10% “Success Fee” for all revenue received by the Company attributable to the efforts and/or introductions and other performance of Consultant.  Notwithstanding the foregoing, to the extent Consultant is required to have a securities broker-dealer license in order to lawfully be paid any such Success Fee, the fee shall not be payable to Consultant.

4.         ISSUANCE OF COMMON STOCK.  As further compensation for the Consulting Services, and subject to the terms and conditions of this Agreement, Company will issue to Consultant a total of 1,000,000 shares of the Company’s common stock (the “Shares”).  The Shares will vest on a monthly basis in 12 equal amounts as Consulting Services are rendered and continuing until this Agreement is terminated as set forth in paragraph 2 hereinabove.

5.         EXPENSES.  Consultant shall be reimbursed for all out-of-pocket expenses upon submission of receipts or accounting to the Company, including, but not limited to, all travel expenses, research material and charges, computer charges, long-distance telephone charges, facsimile costs, copy charges, messenger services, mail expenses and such other Company related charges as may occur exclusively in relation to the Company’s business as substantiated by documentation.  Any expenditure above $500 will require oral or written pre-approval of the Company.
 
 

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Filed: January 29th, 2009