Document:

10.5 Sale Agree with Nadzmi

DATED JUNE 25, 2002

BETWEEN

NU SKIN ENTERPRISES, INC.

(as Vendor)

AND

DATUK MOHD NADZMI BIN MOHD SALLEH

(as Purchaser)

SALE & PURCHASE AGREEMENT

                               (in respect of 500,001 ordinary shares of RM1.00 each

                                      in NU SKIN MALAYSIA HOLDINGS SDN. BHD.)

 

KHAW & PARTNERS

ADVOCATES & SOLICITORS

KUALA LUMPUR

     THIS AGREEMENT is entered into this 25th
day of June 2002 to be effective as of 28th day of September 2001 

BETWEEN

NU SKIN ENTERPRISES, INC. (Registration No. 2659781), a company
incorporated in the State of Delaware, United States of America and having its principal
place of business at 75 West Center Street, Provo, Utah 84601, United States of America
of the one part 

AND

DATUK MOHD NADZMI BIN MOHD SALLEH (NRIC No. 540501-03-5293) of No. 36-1,
Jalan PJU8/5B, Perdana Business Centre, Bandar Damansara Perdana, 47820 Petaling Jaya,
Selangor Darul Ehsan of the other part. 

     WHEREAS:-

	I. 	By
a Sale and Purchase Agreement dated 17th August 2001 as varied by the Supplemental
Agreement dated 28th September 2001 between the VENDOR and the PURCHASER, the VENDOR has
agreed to sell and the PURCHASER has agreed to purchase an aggregate of 500,001 (Five
Hundred Thousand and One) Ordinary NSMH Shares upon the terms and subject to the
conditions contained therein the 2(Two) agreements.  

	II. 	The
sale and purchase of the Ordinary NSMH Shares pursuant to the 2(Two) agreements
referred to in Recital I has been completed on 28th September 2001 and the PURCHASER is
currently the registered and beneficial owner of an aggregate of 500,001 (Five
Hundred Thousand and One) Ordinary NSMH Shares.  

	III. 	As
stated in the Supplemental Agreement referred to in Recital I above, the VENDOR was in
discussions with LEMBAGA TABUNG ANGKATAN TENTERA with a view of its being a Malaysian
Bumiputera investor in NSMH for 20%(Twenty percent) of NSMH’s enlarged issued
share capital.  

	IV. 	LEMBAGA
TABUNG ANGKATAN TENTERA has subsequently informed the VENDOR that it is unable, due to
its commitments, to invest in NSMH. Accordingly, so as to ensure NSMY’s compliance
of the conditions imposed by the Controller of Direct Sales of the MDTCA vide its letter
dated 12th September 2001 bearing reference KPDN(DN)(JL)8/6/1-935Jld5(3) to NSMY, the
VENDOR is willing to convert 500,001(Five Hundred Thousand and One) ICPS into 500,001(Five
Hundred Thousand and One) Ordinary NSMH Shares for divestment to the PURCHASER.  

	VI. 	The
PURCHASER wishes to complete the purchase and the VENDOR is willing to complete the sale
to the PURCHASER, the Sale Shares on a willing buyer and willing seller basis at the
Purchase Price upon the terms and subject to the conditions hereinafter appearing.  

     NOW IT IS HEREBY AGREED as follows:-

	1. 	DEFINITIONS
&INTERPRETATION 

	1.1 	Definitions 

	  	In this
Agreement, unless the context otherwise requires, the following expressions shall have
the meanings set forth opposite such expressions:-  

	 	"Completion" 	
the completion in accordance with the provisions of this Agreement of the sale by the
VENDOR and the purchase by the PURCHASER of the Sale Shares 

	 	"Effective Date"	28th September 2001 

	 	"ICPS" 	
an irredeemable convertible non voting preference share having a par value of RM1.00
(Ringgit One) each in NSMH 

	 	"Indebtedness" 
	the Purchase Price and all interest accrued thereon or any part thereof remaining unpaid
by the PURCHASER from time to time to the VENDOR

	 	"MDTCA" 
	Ministry of Domestic Trade &Consumer Affairs

	 	"NSMY" 	NU SKIN (MALAYSIA) SDN. BHD. (Company No. 402787-V), a company incorporated in Malaysia
under the Companies Act 1965 and having its registered address at c/o 6th Floor, Menara
Boustead, No. 69,

	 	"NSMH" 	NU SKIN MALAYSIA HOLDINGS SDN. BHD. (Company No. 552189-P), a company incorporated in
Malaysia under the Companies Act 1965 and having its registered address at c/o 6th Floor,
Menara Boustead,No. 69, Jalan Raja Chulan, 50200
Kuala Lumpur

	 	"Ordinary
 NSMY Share"	 an ordinary share having a par value of RM1.00 (Ringgit One) in NSMY 

	 	"Ordinary 
 NSMH Share"	 an ordinary share having a par value of RM1.00 (Ringgit One) in NSMH 

	 	"Parties" 	:
the VENDOR and the PURCHASER 

	 	"Party”
	either of the Parties

	 	"PURCHASER" 	DATUK MOHD NADZMI BIN MOHD SALLEH (NRIC No. 540501-03-5293)
 above described

	 	"Purchase Price"	RM9,366,000.00 (Ringgit Nine Million Three Hundred and Sixty Six Thousand) 

	 	"Sales Shares"
	500,001 (Five Hundred Thousand and One) Ordinary NSMH Shares to
be held by the VENDOR as the beneficial owner thereof following the conversion of ICPS
referred to in Recital IV (A) 

	 	"VENDOR" 	:
NU SKIN ENTERPRISES, INC. (Registration No. 2659781) above described 

	1.2	Interpretation 

	 	1.2.1
	
The Annexures hereto shall be taken, read and construed as essential parts of this
Agreement. The headings in this Agreement are inserted for convenience of reference only
and shall not be taken, read and construed as essential parts of this Agreement. 

	 	1.2.2
	All references to Annexures, Recitals and Clauses are to be construed as references to
the annexures, recitals and clauses of this Agreement. All references to provisions of
statutes include such provisions as modified, re-certified or re-enacted. All references
to this Agreement include this Agreement as amended or modified from time to time by
written agreement between the Parties. All references to a natural person shall include
such person’s heirs, personal representatives, successors-in-title and permitted
assigns. All references to a company shall include such company’s
successors-in-title and permitted assigns. 

	 	1.2.3
	Except where the context otherwise requires, words applicable to natural persons include
any body of persons, company, corporation, firm or partnership corporate or incorporate
and vice versa; words importing the masculine gender shall include the feminine and
neuter genders and vice versa; words importing the singular number shall include the
plural number and vice versa. 
 

	 	1.2.4
	Where two or more persons or parties are included or comprised in any expression,
agreements, covenants, terms, stipulations and undertakings expressed to be made by or on
the part of such persons shall, unless otherwise provided herein, be deemed to be made by
and be binding upon such persons jointly and severally.

	 	1.2.5
	In computing time for the purposes of this Agreement, unless the contrary intention
appears, a period of days from the happening of an event or the doing of any act or thing
shall be deemed to be exclusive of the day on which the event happens or the act or thing
is done and if the last day of the period is a weekly or public holiday, the period shall
include the next following day which is not a weekly or public holiday.

	2. 	AGREEMENT
FOR SALE &PURCHASE OF THE SALE SHARES 

          The VENDOR (as the beneficial
owner of the Sale Shares) confirms its sale to the PURCHASER and the PURCHASER
confirms his purchase from the VENDOR with effect from the Effective Date and on
a willing buyer and willing seller basis, the Sale Shares at the Purchase Price
and upon the terms and conditions herein set forth:- 

	2.1 	free
from all charges, liens, equities, third party interest or other encumbrances whatsoever;
and 

	2.2 	with
all rights, benefits and advantages attached thereto including all dividends and other
distributions which may be declared, made or paid in respect of the Sale Shares
subsequent to the Completion Date.  

	3. 	COMPLETION
OF THE SALE &PURCHASE OF SALE SHARES 

	3.1 	Completion
Date 

	 	Completion of
the sale and purchase hereunder of the Sale Shares shall take place on a date stipulated
by the VENDOR and occurring within 30 (Thirty) days from the date of the execution
of this Agreement at Khaw &Partners’office at 6th Floor, Menara Boustead, No.
69, Jalan Raja Chulan, 50200 Kuala Lumpur (or such other place acceptable to the
PURCHASER as the VENDOR may nominate.  

	3.2 	VENDOR’s
obligations on Completion 

	  	Unless the
Parties otherwise agree in writing, the VENDOR shall, at Completion:- 

	 	3.2.1
	
convert 500,001(Five Hundred Thousand and One) ICPS in NSMH held by the VENDOR
into 500,001 (Five Hundred Thousand and One) Ordinary NSMH Shares; and 

	 	3.2.2
	
cause NSMH to issue directly to the PURCHASER, such number of Ordinary NSMH Shares (as
converted) as is equivalent to the Sale Shares.

	3.3 	Other
acts &things 

	  	The VENDOR
shall also execute and do, all such other documents, acts and things (if

	  	
 any) as the
PURCHASER may reasonably require of the VENDOR to perfect the right, title and interest
of the PURCHASER in and to the Sale Shares.  

	3.4 	No
Partial Completion 

	 	Unless the
VENDOR otherwise agrees in writing:- 

	 	3.4.1 
	
the PURCHASER shall not be entitled to complete the purchase of some only of the Sale
Shares and the failure by the PURCHASER to complete the purchase hereunder of any number
of the Sale Shares shall accordingly be construed as a failure to complete in respect of
all of the Sale Shares; and 

	 	3.4.2
	the VENDOR shall be entitled, notwithstanding any provisions to the contrary herein, to
terminate this Agreement if the PURCHASER fails to complete the purchase of all of the
Sale Shares.

	4. 	PURCHASE
PRICE 

	4.1 	Deferred
Payment of the Purchase Price 

	 	4.1.1 	At
the request of the PURCHASER, the VENDOR agrees:- 

	 	i) 	to
defer payment by the PURCHASER of the Purchase Price so long as the PURCHASER holds the
Sale Shares as the registered holder and beneficial owner thereof following Completion;
and  

	 	ii) 	to
the application by the PURCHASER of all dividends and other cash distributions (if any)
made by NSMH from time to time towards payment of the Indebtedness.  

	 	4.1.2 	The
PURCHASER agrees and undertakes with the VENDOR that the PURCHASER shall:- 

	 	i) 	pay
the Indebtedness to the VENDOR upon demand by the VENDOR in the event that following
Completion, the PURCHASER ceases to hold, as the registered holder and beneficial owner
thereof, any of the Sale Shares; and  

	 	ii) 	until
the Indebtedness shall be paid in full by the PURCHASER to the VENDOR, direct and
authorise NSMH to pay directly to the VENDOR, all such dividends and other cash
distributions (if any) as are payable by NSMH to the PURCHASER.  

	 	4.1.3
	
If on the date of the 4th(Forth) anniversary of the Effective Date, all of the
Indebtedness shall not have been paid by the PURCHASER to the VENDOR, then subject to the
application prior thereto by the PURCHASER of all dividends and other cash distributions
paid by NSMH to the PURCHASER, the VENDOR shall waive its right to payment by the
PURCHASER of all such balance of the Indebtedness as may then remain unpaid by the
PURCHASER to VENDOR. 

	4.2 	Interest 

	 	4.2.1 
	The PURCHASER shall pay to the VENDOR, interest on such part of the Purchase Price
remaining unpaid from time to time at the rate of 2%(Two Percent) per annum above
the prevailing Base Lending Rate of MALAYAN BANKING BERHAD calculated from the due date
for payment of the Purchase Price and until the date of full payment thereof.

	 	4.2.2
	
The PURCHASER agrees that any payment made by or on behalf of the PURCHASER towards
payment of the Indebtedness shall firstly be utilised towards settlement of the interest
charged pursuant to Clause 4.2.1. 

	4.3 	Indebtedness
as debt 

	  	The PURCHASER
acknowledges that such part of the Indebtedness as remains unpaid from time to time by
the PURCHASER to the VENDOR shall constitute a valid debt payable by the PURCHASER to the
VENDOR in accordance with the provisions hereof and all such other documents as may be
agreed upon by the Parties with or without others.  

	4.4 	Security 

	  	Until the
full payment of Indebtedness to the VENDOR, the PURCHASER shall create in favour of and
grant to the VENDOR and/or the VENDOR’s nominee, such security interest (including a
charge) and powers and rights over inter alia the Sale Shares and execute and perfect
such security documentation (including a memorandum of charge in such terms and
conditions acceptable to the VENDOR) as the VENDOR may require to secure the payment of
the Indebtedness.  

	4.5 	Certificate 

	  	A certificate
duly signed by the VENDOR stating the amount of the Indebtedness payable by the PURCHASER
to the VENDOR from time to time and at any time shall be final, conclusive and binding on
the PURCHASER and shall not, in the absence of manifest error, be questioned on any
account.  

	5. 	PARTIES’RESPECTIVE
WARRANTIES 

	5.1 	VENDOR’s
Warranties 

	 	The VENDOR hereby
represents and warrants to the PURCHASER that the Sale Shares are free from all charges,
liens, equities, third party interest or other encumbrances whatsoever.  

	5.2 	PURCHASER’s
Warranties 

	 	The PURCHASER
hereby represents and warrants to the PURCHASER that:- 

	 	5.2.1 	he
is not a bankrupt and has not committed any act of bankruptcy; 

	 	5.2.2 	he
has not committed any criminal offence; 

	 	5.2.3
	
the PURCHASER and his legal, financial and other advisors (if any) have the financial and
business experience to make an informed decision for an investment and acquisition of the
Sale Shares and the PURCHASER together with such advisors has evaluated the feasibility
and associated risks of an acquisition of or investment in the Sale Shares;

	 	5.2.4
	
the PURCHASER and his legal, financial and other advisors (if any) have had ample
opportunity to investigate the proposed business of NSMH and NSMY and to review all
relevant documents and to ask all such questions of such persons and representatives of
the VENDOR as the PURCHASER and its advisors consider necessary for purposes of making an
informed decision for an investment in and acquisition of the Sale Shares; 

	 	5.2.5 	the
PURCHASER has determined on the basis of his own investigation that the Purchase Price is
fair and a reasonable valuation of the Sale Shares; and 

	 	5.2.6
	
except for the representations and warranties contained in this Agreement, the PURCHASER
is not relying on any representation or warranty (whether given by the VENDOR or
otherwise) in making his decision to invest in and to acquire the Sale Shares.

	 	5.2.7
	
that the PURCHASER is purchasing the Sale Share for his own account, for investment
purposes only, not for the account of any other person and not with a view to the
distributions, assignment or resale thereof to others.

	5.3 	Subsistence
of warranties 

	 	The representations,
warranties and agreements given or made by the respective Parties under this Agreement
shall remain in full force and effect and shall continue to subsist hereafter
notwithstanding Completion which will take place on the basis of the statements made
herein.  

	5.4 	Breach
of warranty before Completion 

	 	If prior
to Completion, any of the representations and warranties on the part of a Party have not
been carried out or complied with or are in any material respects untrue or incorrect
(and in respect of any breach which is capable of remedy, such Party have failed to
remedy such breach within 14(Fourteen) days after the other Party’s written
notice to the first mentioned Party requiring the same to be remedied) the second
mentioned Party shall be entitled by notice in writing to the first mentioned Party to
terminate this Agreement (without prejudice to the second mentioned Party’s rights
and remedies at law and hereunder in respect of the first Party’s misrepresentation
and/or breach of warranty).  

	6. 	NOTICES 

	6.1 	Written
notices 

	  	Any notice
or request with reference to this Agreement shall be in writing signed by the Party by
whom it is served or by its solicitors and shall be deemed to be sufficiently served or
given for all purposes herein on the Party to whom it is served if it is left by hand at
or sent by commercial courier, registered post or facsimile (with copy by hand or
commercial courier or ordinary or registered post) to (as applicable) the address of the
Party to whom it is sent as set out below or the registered office for the time being of
such Party or such other address as one Party may from time to time notify to the other
Party in writing.  

	 	6.1.1 	to
the VENDOR 

	 	 	NU SKIN
ENTERPRISES , INC.

 75 West Center Street

 Provo, Utah 84601, 

United States of America

Attn: General Counsel

Facsimile Number: (801) 345 5999 

	 	6.1.2 	to
the PURCHASER 

	 	 	DATUK MOHD
NADZMI BIN MOHD SALLEH

 c/o Trisilco Folec Sdn Bhd 

No. 36-1, Jalan PJU8/5B 

 Perdana
Business Centre 

Bandar Damansara Perdana

 47820 Petaling Jaya 

Selangor Darul Ehsan

Facsimile Number: (603) 7722 2826 

	6.2 	Time
of service 

	  	A notice
sent:- 

	 	6.2.1
	
by facsimile (and confirmed by the delivery of a copy thereof by hand or commercial
courier or ordinary or registered post) shall be deemed to have been served and received
upon completion of the effective transmission of such notice and a written record of the
transmission is printed out from the sender’s facsimile machine; 

	 	6.2.2
	
by ordinary or registered post within Malaysia shall be deemed to have been served and
received on the 3rd(Third) day occurring after the date on which it is posted; 

	 	6.2.3
	
by an ordinary or registered post outside Malaysia shall be deemed to have been served
and received on the 10th(Tenth) day occurring after the date on which it is
posted; and 

	 	6.2.4
	
by hand or commercial courier shall be deemed to have been served at the time of delivery
of the notice. 

	7. 	COSTS 

	7.1 	Solicitors
costs 

	 	Each Party
shall bear its own solicitors’costs of and incidental to this Agreement.  

	7.2 	Stamp
duty on purchase of Sale Shares 

	  	As the
intended purchaser hereunder of the Sale Shares, the PURCHASER shall bear the stamp duty
chargeable on this Agreement and his acquisition of the Sale Shares (if any) and all
other relevant documents incidental to this Agreement and, if relevant, any penalties for
late stamping.  

	8. 	TIME 

	 	Time wherever
mentioned shall be of the essence of this Agreement.  

	9. 	AUTHORITY
TO EXECUTE AGREEMENT 

	 	Each of
the Parties warrants to the other Party:- 

	9.1 	that
it/he has the power, authority and capacity to enter into and to execute and deliver this
Agreement and to carry the terms hereof into effect; and 

	9.2 	that
its/his agreements and undertakings as contained in this Agreement constitute legal,
valid and binding obligations on it/him in accordance with the provisions herein.  

	10. 	GOVERNING
LAW &JURISDICTION 

This Agreement is governed by the laws of
Malaysia and subject to Clause 11, the Parties submit themselves and their assets to the
non-exclusive jurisdiction of the courts in Malaysia.  

	11. 	ARBITRATION 

	11.1 	Reference
to Arbitration 

	  	Any dispute
or difference which may arise between the Parties at any time hereafter whether during
the continuance in force of this Agreement or upon or after its termination, touching any
matter or thing herein contained or the operation or construction of this Agreement or
any matter or thing in any way connected with, arising from or in relation to this
Agreement or the rights, duties, liabilities of the Parties hereunder shall be finally
settled by arbitration in accordance with the United Nations Commission on International
Trade Law Arbitration Rules 1976.  

	11.2 	Arbitral
Proceedings 

	 	A reference
to arbitration shall be to 3 (Three) arbitrators. The arbitration shall be held in
Provo, Utah, United States of America and the language to be used in the arbitral
proceedings shall be English.  

	11.3 	Interim
remedies 

	 	Pending the
establishment of the arbitral tribunal, the Parties may apply to the courts in Malaysia
(which shall be a non-exclusive jurisdiction) for the grant of interim injunctions and
orders for the protection and preservation of property subject of or relating to this
Agreement.  

	12. 	NO
WAIVER 

     Knowledge or acquiescence by any Party of
or in any breach of any of the terms, conditions or covenants herein contained shall not
operate as or be deemed to be a waiver of such terms, conditions or covenants or any of
them and notwithstanding such knowledge or acquiescence, such Party shall be entitled to
exercise such Party’s rights under this Agreement and to require strict performance
by the other Parties of the terms, conditions and covenants herein.  

	13. 	AMENDMENTS 

     Any amendment or alteration to or
modification of any part of this Agreement shall be conferred upon and determined in
writing by mutual consultation between the Parties.  

	14. 	SEVERABILITY 

     Any Any term, condition, stipulation,
provision, covenant or undertaking in this Agreement which is illegal, void, prohibited
or unenforceable shall be ineffective to the extent of such illegality, voidness,
prohibitions or unenforceability without invalidating the 

     remaining provisions hereof, and any such
illegality, voidness, prohibition or unenforceability shall not invalidate or render
illegal, void or unenforceable any other term, condition stipulation, provision, covenant
or undertaking herein contained.  

	15. 	ENTIRETY
OF AGREEMENT 

     This Agreement constitutes the sole and
entire agreement between the Parties with respect to the subject matter hereof and
supersedes all previous proposals, negotiations and understandings whether written or
oral between the Parties with respect to the subject matter hereof.  

	16. 	NON-ASSIGNABILITY 

     No Party shall be entitled to assign such
Party’s rights and/or obligations hereunder without the prior written consent of the
other Party.  

	17. 	SUCCESSORS-IN-TITLE 

          This Agreement shall be binding on
the successors-in-title and permitted assigns of the VENDOR and the heirs,
personal representatives and permitted assigns of the PURCHASER. 

	18. 	COUNTERPARTS 

          This Agreement may be executed in
any number of counterparts, all of which taken together shall constitute one and
the same instrument and any of the Parties may execute this Agreement by signing
any such counterpart. 

          IN WITNESS WHEREOF
the Parties (by their respective representative duly authorised) have
hereunto executed this Agreement the day and year first above written to be
effective as of 28th day of September 2001. 

	SIGNED BY	 	)	 	 	 
	 
	for and on behalf of	 	)	 
	NU SKIN ENTERPRISES, INC	 	)	 
	the VENDOR aforesaid	 	)	 
	in the presence of:-	 	)	 	 	 
	                
              
          
          
          /s/  Corey B. Lindley

                    
           
          
          
          Corey B. Lindley	 	 	 
	 	 	 	 
	           
               
               	 	 	 
	Signature of witness	 
	Name:	 
	Passport No:	 
	 	 
	 	 
	SIGNED BY	 	)	 
	DATUK MOHD NADZMI	 	)	 
	BIN MOHD SALLEH	 	)	 
	the PURCHASER aforesaid	 	)	 
	in the presence of:-	 	)	 	 	 
	            
                
          
          
          
/s/Datuk Mohd Nadzmi Bin Mohd Salleh

                
            
          
          
          
Datuk Mohd Nadzmi
Bin Mohd Salleh	 	 	 	 	 
	 	 	 	 	 	 
	            
                 
                  
        	 	 	 	 	 
	Signature of witness	 
	Name:	 
	Passport No:10.6 Supplemental Agree Kiow Kim Yoon

DATED THIS 28TH DAY OF SEPTEMBER 2001

BETWEEN

                                         NU SKIN ENTERPRISES, INC.

                                                (as VENDOR)

AND

                                               KIOW KIM YOON

                                               (as PURCHASER)

 
                                           SUPPLEMENTAL AGREEMENT

                                    (to the Sale and Purchase of Shares

                                      Agreement dated 17 August 2001)

KHAW & PARTNERSADVOCATES 
& SOLICITORS

KUALA LUMPUR

     THIS SUPPLEMENTAL AGREEMENT made this 28th
day of September 2001

BETWEEN

NU SKIN ENTERPRISES, INC., a company incorporated in the State of
Delaware, United States of America and having its principal place of business at 75 West
Center Street, Provo, Utah 84601, United States of America of the one part 

AND

KIOW KIM YOON, FRANKIE (NRIC No. 570723-08-6077) (Former NRIC No.
5276427) of 27, Jalan Keruing, Kebun-Teh Park, Johor Baru of the other part. 

   WHEREAS:-

	I. 	SPA
 

	A) 	By
the SPA, the VENDOR has agreed to sell to the PURCHASER and the PURCHASER has agreed to
purchase from the VENDOR, upon the terms and subject to the conditions contained in the
SPA, an aggregate of 600,000(Six Hundred Thousand) Ordinary NSMH Shares.  

	B) 	The
completion of the SPA is conditional upon inter alia the grant by the MDTCA of its
approval for the issue of a DS Licence upon such terms and conditions acceptable to NSM
and the VENDOR.  

	II. 	DS
LICENCE GRANTED TO NSM 

	A)
	
Following MDTCA’s request that NSM increases its issued and paid up share capital to
not less than RM2,500,000.00(Ringgit Two Million and Five Hundred Thousand):- 

	 	i) 	NSMH
has on 29 August 2001 increased its issued and paid up share capital to RM2,500,002.00
(Ringgit Two Million Five Hundred Thousand and Two) divided into 2 (Two) Ordinary
NSMH Shares and 2,500,000(Two Million and Five Hundred Thousand) ICPS; and  

	 	ii) 	NSM
has on 29 August 2001 increased its issued and paid up share capital to RM2,500,002.00
(Ringgit Two Million Five Hundred Thousand and Two) divided into 2,500,002(Two
Million Five Hundred Thousand and Two) Ordinary NSM Shares.  

	B)	
By its letter dated 12th September 2001 bearing reference KPDN (DN) (JL) 8/6/1-935 Jld
5(3) to NSM, the Controller of Direct Sales of the MDTCA approved NSM’s application
for a DS Licence for a duration of 1 (One) year subject, among others, to the
condition that it ensures that at least 40%(Forty Percent) of the shares in NSM
are held by Bumiputra. 

	C)	
The DS Licence was issued by the MDTCA to NSM on 18th September 2001. 

	III.	RESTRUCTURE
OF NSMH

	A) 	To
fulfil, among others, the equity condition in the DS Approval:- 

	 	i) 	the
PURCHASER is willing to purchase from the VENDOR only 30%(Thirty Percent) of the
enlarged share capital of NSMH and not 40%(Forty Percent) as envisaged in the SPA;
and  

	 	ii) 	the
VENDOR is willing to restructure NSMH (as the holding company of NSM) and to divest, in
the manner described in Recitals III(B) to III(D), its right to 70% (Seventy
percent) of its effective equity shareholdings in NSM to Malaysians, including 40%(Forty
percent) thereof to Bumiputera Malaysians.  

	B)	
The VENDOR is currently still in discussions with LEMBAGA TABUNG ANGKATAN TENTERA with a
view to its being the Malaysian Bumiputera investor to whom the VENDOR will divest its
rights to the 20% Block. 

	C)	
The PURCHASER has agreed that following NSE’s divestment of its rights to the 20%
Block to LEMBAGA TABUNG ANGKATAN TENTERA and/or the Other Bumiputera Investor, the equity
interests of the PURCHASER in the enlarged share capital of NSMH will be diluted
accordingly. 

	D) 	As
currently envisaged, NSMH's equity restructuring exercise require the VENDOR:- 

	 	i) 	to
convert 1,999,999 (One Million Nine Hundred Ninety Nine Thousand Nine Hundred ------- and
Ninety Nine) ICPS into 1,999,999 (One Million Nine Hundred Ninety Nine Thousand Nine
Hundred and Ninety Nine) Ordinary NSMH Shares; 

	 	ii) 	to
complete in accordance with the provisions of this Agreement and SPA(Nadzmi), the
sale by the VENDOR to the PURCHASER and Dato’Nadzmi respectively of the Sale Shares
and 500,001(Five Hundred Thousand and One) Ordinary NSMH Shares.  

	 	iii) 	following
the fulfilment of all of the conditions precedent under the SPA(OBI) for the sale of the
20% Block to the Other Bumiputera Investor:- 

	 	 	a)	to convertthe remaining 500,001 (Five Hundred and One) ICPS held by the
VENDOR in NSMH into 500,001 (Five Hundred and One) NSMH Shares; and 

	 	 	b) 	tocomplete in accordance with the provisions of the SPA(OBI), the sale
by the VENDOR to the Other
Bumiputera Investor of the 20% Block. 

	IV. 	VARIATIONS
TO THE SPA 

	 	The
Parties wish to vary the SPA to effect such amendments to the provisions of the SPA as are
necessary to carry the Parties’ intention described in Recital III into effect.

	 	 	NOW IT
IS HEREBY AGREED as follows:- 

	1. 	DEFINITIONS
&INTERPRETATION 

	1.1 	Definitions 

	 	In this
Supplemental Agreement, unless the context otherwise requires:- 

	 	1.1.1
	
subject to Clause 1.1.2, all expressions used herein and defined in the SPA shall have
the meanings given to them by the SPA; and 

	 	1.1.2 	the
following expressions shall have the meanings set forth opposite such expressions:- 

	 	“SPA”	the Sale and Purchase Agreement dated 17 August 2001 and made between the VENDOR and the
PURCHASER in respect of the Sale Shares  

	 	“20%
Block”	 500,001(Five Hundred Thousand and One) Ordinary NSMH Shares as is
equivalent to 20%(Twenty Percent) of NSMH’s enlarged issued share capital
following the shares conversion referred to in Recital III(D)(iii)(a)  

	1.2 	Interpretation 

	 	 
	    1.2.1
The provisions of Clause 1.2 of the SPA shall apply mutadis mutandis to this Supplemental
Agreement. 

	 	1.2.2
	
Subject only to the variations herein contained and such modifications to the SPA as may
be necessary for the construction thereof as a result of the variations thereto effected
by this Supplemental Agreement, the provisions of the SPA shall remain in full force and
effect. 

	 	1.2.3
	
In construing the SPA, such reference as may be necessary may be made to such agreement.

	 	1.2.4
	
In the event of a conflict between the provisions of this Supplemental Agreement and the
SPA, the provisions of this Supplemental Agreement shall prevail. 

	2. 	AGREEMENT
FOR THE VARIATION OF THE SPA 

     The Parties hereby agrees that the
agreement under the SPA shall be revised as follows:- 

     	2.1	 	
          that the PURCHASER will purchase from the VENDOR an aggregate of 30%
          (Thirty Percent) of the enlarged issued share capital of NSMH following upon the
          conversion of the ICPS described in Recital III(D)(iii)(a) and not 40%
          (Forty Percent) as provided for in the SPA; 

          

     	2.2	 	
          that the aggregate number of NSMH Ordinary Shares to be sold by the VENDOR and
          purchased by the PURCHASER shall be 750,000 (Seven Hundred and Fifty
          Thousand) only and not 600,000 (Six Hundred Thousand) NSMH Ordinary
          Shares under the SPA and another 300,000 (Three Hundred Thousand)
          Ordinary NSMH Shares subsequently following the fulfilment of conditions
          precedent under the SPA(OBI) as provided for under the SPA; and 

          

     	2.3	 	
          that the Purchase Price payable by the PURCHASER for the Sale Shares (as varied)
          is reduced to RM13,380,000 (Ringgit Thirteen Million Three Hundred and
          Eighty Thousand). 

          

	3. 	VARIATIONS
TO THE SPA 

	3.1 	Variations
to the definitions provisions contained in the SPA

	 	3.1.1 	The
expression "10% Block" and the meaning assigned thereto in the SPA shall be deemed to be
deleted; 

	 	3.1.2 	The
respective meanings assigned to the expressions stated in column (1) below and contained
in Clause 1.1 of the SPA shall be deemed to be deleted and in place thereof, the meanings
stated in column (2) below opposite the respective expressions stated in column (1) below
shall be deemed to be inserted:-  

	 	“Other
Bumiputra Investor”	such prospective Malaysian Bumiputera investor(s) (other
than Dato’Nadzmi) as is identified by and as is acceptable to the VENDOR to acquire
the 20% Block  

	 	"Purchase Price" 	RM13,380,000 (Ringgit Thirteen Million Three
Hundred and Eighty Thousand) 

	 	“Sale
Shares”	750,000 (Seven Hundred and Fifty Thousand) Ordinary NSMH Shares
to be held by the VENDOR as the registered holder and beneficial owner thereof following
the conversion of ICPS referred to in Recital III(D)(i)  

	 	“SPA(Nadzmi)”	the sale and purchase agreement for the sale by the VENDOR and the purchase by Dato’Nadzmi
of 500,001(Five Hundred Thousand and One) Ordinary NSMH Shares and includes such
variations and modifications as may be agreed between the parties thereto  

	 	“SPA(OBI)”	the sale and purchase agreement for the sale by the VENDOR and the purchase by the Other
Bumiputera Investor of the 20% Block and includes such variations and modifications as
may be agreed between the parties thereto  

	 	3.1.3
	The following expressions in and the respective meanings assigned to them below shall be
deemed to be inserted in Clause 1.1 of the SPA:- 

	 	“20%
Block”	500,001(Five Hundred Thousand and One) Ordinary NSMH Shares as is
equivalent to 20%(Twenty Percent) of NSMH’s enlarged issued share capital
following the shares conversion referred to in Recital III(D)(iii)(a)  

	3.2 	Variations
to Clause 4.2 of the SPA

	 	3.2.1
	
The provisions of Clause 4.2.1 of the SPA shall be deleted in their entirety and in place
thereof, the following provisions shall be deemed substituted. 

	 	 	4.2.1
	convert
1,999,999(One Million Nine Hundred and Ninety Nine Thousand Nine Hundred
Ninety Nine) ICPS in NSMH held by the VENDOR into 1,999,999(One Million Nine
Hundred and Ninety Nine Thousand Nine Hundred Ninety Nine) Ordinary NSMH Shares”;

	 	3.2.2 	The
provisions of Clause 4.2.2 of the SPA shall be amended by inserting after the semicolon
";" the word "and"; 

	 	3.2.3
	
The provisions of Clause 4.2.3 of the SPA shall be amended by deleting the word “;
and”and in place thereof, a full stop “.”shall be inserted; and 

	 	3.2.4 	The
provisions of Clause 4.2.4 of the SPA shall be deleted in its entirety. 

	3.3 	Variations
to Annexure 1 to the SPA

	 	The
provisions of paragraph 2 of “Annexure 1” to the SPA shall be deemed to be
deleted in their entirety and in place thereof, the following provisions shall be deemed
to be substituted. 

	 	"2. 	The
PURCHASER CONFIRMS its receipt from the VENDOR of the original share certificate(s) to
the Sale Shares issued in the name of the PURCHASER". 

	4. 	COUNTERPARTS 

          This Supplemental Agreement may be
executed in any number of counterparts, all of which taken together shall
constitute one and the same instrument and any of the Parties may execute this
Supplemental Agreement by signing any such counterpart. 

          IN WITNESS WHEREOF
the Parties have hereunto executed this Supplemental Agreement the day and
year first above written. 

			
	SIGNED BY	 	)	 	 	 
	 
	for and on behalf of	 	)	 
	NU SKIN ENTERPRISES, INC	 	)	 
	the VENDOR aforesaid	 	)	 
	in the presence of:-	 	)	 
	
          
          
          
          /s/  Truman Hunt

          
          
          
          Truman Hunt	 	 	 
	 	 	 	 
	 
	         
           
         
	signature of witness	 
	Name:	 
	Passport No:	 
	 	 
	 	 
	SIGNED BY	 	)	 
	KIOW KIM YOON	 	)	 
	the PURCHASER aforesaid	 	)	      
       
	in the presence of:-	 	)	 		 
	
          
          
          
          /s/  Kiow Kim Yoon

          
          
          
          Kiow Kim Yoon	 	 	 
		 
	 
	 
	 
	         
           
signature of witness	 
	 
	 
	Name:	 
	NRIC/Passport No:	 

This is the execution page of the Supplemental Agreement dated
the 28th day of September 2001 between NU SKIN ENTERPRISES, INC. and KIOW KIM
YOON, FRANKIE in respect of the sale and purchase of shares in NU SKIN MALAYSIA
HOLDINGS SDN. BHD.

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