This Supplementary Agreement has been entered into by the following parties on June 12, 2009:
Party A: Taiwan Richlink Enterprise Company Ltd.
Party B: Tianjin Yayi Industrial Co., Ltd.
Party C: Li Liu
Party A and Party B signed Goat Milk Odor Elimination Technology License Agreement on April 10, 2001 (“ Original
Agreement ”). Under the Original Agreement, Party A agrees to authorize Party B to use two proprietary technologies regarding
physical treatment of goat milk and chemical treatment of goat milk (“ Proprietary Technologies ”) for fee for a period of ten
years upon the end of which Party B shall have the right to continue using such Proprietary Technologies free of any further
charges. The license fee for such Proprietary Technology is RMB 0.2 million Yuan per year, RMB 2 million Yuan in total. Up to
the signing date of this supplementary agreement, Party B has paid RMB 0.2 million Yuan to Party A.
The parties hereby entered into this supplementary agreement as follows:
1. Each party agrees that the total license fee for the Proprietary Technologies shall be reduced to RMB 1.0 million Yuan; Party
C shall, on behalf of Party B, pay the remaining license fee of RMB 0.8 million Yuan in lump sum to Party A. Party A agrees to
waive Party B’s obligation to pay the remaining license fee, and hereby irrevocably waives the right to claim the remaining
license fee with respect to the Proprietary Technologies.
2. Each party agrees the right to use the Proprietary Technologies as Party A grants to Party B is exclusive licensing within the
3. Party A represents hereby that, it is the owner of the intellectual rights with respect to the Proprietary Technologies; it has
the right to license such Proprietary Technologies to Party B; and the licensing to use the Proprietary Technologies as granted
by Party B will not infringe upon any third party’s intellectual rights or any other rights.