YAYI INTERNATIONAL INC. AWARD AGREEMENTEmployee Stock Option and Stock Award Agreement • June 4th, 2010 • Yayi International Inc • Dairy products • Delaware
Yayi International Inc., a Delaware corporation (the "Company"), has granted to the Participant named on the Notice of Grant of Options (the "Notice of Grant"), which is attached hereto, an option (the "Option") to purchase that number of shares ("Shares") set forth on the Notice of Grant at the exercise price per Share set forth on the Notice of Grant (the "Exercise Price"), subject to all of the terms, definitions and provisions in this Yayi International Inc. 2010 Employee Stock Option and Stock Award Plan Award Agreement ("Agreement") and the Company's 2010 Employee Stock Option and Stock Award Plan (as applicable, the "Plan"), which is incorporated herein by reference. In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Agreement, the terms and conditions of the Plan shall prevail. The terms defined in the Plan shall have the same defined meanings in this Agreement.
English Translation of Supplemental Employment AgreementSupplemental Employment Agreement • June 4th, 2010 • Yayi International Inc • Dairy products
Effective as of June 1, 2010, Tianjin Yayi Industrial Co., Ltd. (the "Company") hereby agrees to pay the undersigned an annual salary of RMB 510,000 (pre tax) which will be paid on a monthly basis. As a result, the monthly salary is RMB 42,500. On the 18th day of each month, the Company will pay the salary for the month before. If such date falls into a national holiday, such payment shall be made on the first working date after such holiday.
