Bidbay Com Inc · SB-2 · On 1/12/01 · EX-10

Filed On 1/12/01 9:46pm ET   ·   SEC File 333-53708   ·   Accession Number 1075793-1-6

Registration of Securities by a Small-Business Issuer   ·   Form SB-2
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SB-2        Registration of Securities by a Small-Business        68    411K 
                          Issuer                                                 
 2: EX-3        Articles of Incorporation/Organization or By-Laws      4     16K 
 3: EX-3        Articles of Incorporation/Organization or By-Laws     12     58K 
 4: EX-4        Instrument Defining the Rights of Security Holders     1      9K 
 5: EX-5        Opinion re: Legality                                   2     14K 
 6: EX-10       Material Contract                                     12     64K 
 7: EX-10       Material Contract                                      2      8K 
 8: EX-10       Material Contract                                      2±    11K 
 9: EX-23       Consent of Experts or Counsel                          1      6K 
10: EX-27       Financial Data Schedule                                1      9K 

EX-10   ·   Material Contract

EX-10
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Business Development Agreement                

This agreement is entered into by and between George Tannous                    
and Donald Dayer on November 19, 1999.  The purpose of this                     
agreement is to offer full disclosure as to the purpose and                     
intent of both parties as follow:                                               

1.    George Tannous is the owner of the name Bidbay.com.                       
2.    Bidbay.com is used as an online auction community                         
similar to ebay.com                                                 
3.    Bidbay.com is developed as an online auction site                         
similar to ebay.com                                                 
4.    Donald Dayer posses expertise in business                                 
development, marketing, advertising, management, and                
any other skills needed to make a business                          
successful.                                                         
5.    Donald Dayer wishes to develop bidbay.com to be a                         
direct competitor to ebay.com                                       
6.    Donald Dayer wishes to consult daily with George                          
Tannous as to the business' development including                   
but not limited to incorporation, advertising,                      
marketing, technical, site servers, user                            
acquisition, and any other factors necessarily to                   
have bidbay.com become a well known entity on the                   
World Wide Web, and to place bidbay.com in a                        
position in order for it to be publicly traded.                     
7.    George Tannous agrees to the site development and to                      
the paragraph's stated above.                                       
8.    Both Donald Dayer and George Tannous agree that from                      
time to time, and for the benefit of the business,                  
other decisions need to be implemented and enforced.                
9.    Both Donald Dayer and George Tannous agree that                           
George Tannous will be the final decision maker in                  
implementing anything whatsoever discussed as to the                
benefit of the business.                                            

For their mutual agreement as stated above, both Donald                         
Dayer and George Tannous agree to compensate Donald Dayer a                     
fee of One Million Five Hundred thousand US dollars as                          
follows:                                                                        
a.    From every dollar that is generated to the                    
company whether it be in the form of revenue or         
capital investment, Donald Dayer is t receive           
29% until the stated 1.5 million dollars stated         
in the paragraph above is met.                          
b.    The compensation could be less than the stated                
29% mentioned above as long as it is agreed             
upon by both parties.                                   
c.    The 1.5 million stated above cold be lessoned                 
or increased as long as agreed by the parties.          
d.    When Bidbay.com is incorporated, the                          
corporation is to adhere to this contract.              

By their mutual agreement, this contract is signed on                           
November 19, 1999 in the city of Tujunga, State of                              
California.                                                                     

/s/ George Tannous                      /s/ Donald Dayer                        
----------------------------            ---------------------------             
George Tannous                          Donald Dayer                            

Dates Referenced Herein   and   Documents Incorporated By Reference

This SB-2 Filing		Date		Other Filings
		11/19/99
Filed On		1/13/01
Filed As Of		1/16/01
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