THIS CONFIRMATORY LICENSE AGREEMENT (this "AGREEMENT") is dated as of January 1, 2020 (the "Effective Date"), BY AND BETWEEN:Confirmatory License Agreement • February 22nd, 2021 • Yum Brands Inc • Retail-eating places • Texas
(1)YRI China Franchising LLC, a limited liability company organized and existing under the laws of State of Delaware, United States of America, having its registered address at 1209 Orange Street, Wilmington, Delaware, United States of America, 19801 as "master licensee" (for purposes of this Agreement, the "Licensor"); and
