Document:

Ex 10-13 Supplemental Agreement

DATED THIS
28TH DAY OF SEPTEMBER 2001

BETWEEN

NU SKIN
ENTERPRISES, INC.

                                                (as VENDOR)

AND

DATO’
MOHD NADZMI BIN MOHD SALLEH

                                               (as PURCHASER)

 

SUPPLEMENTAL
AGREEMENT

                                    (to the Sale and Purchase of Shares

                                      Agreement dated 17 August 2001)

 

KHAW &
PARTNERS

ADVOCATES
& 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

DATO' 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. 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 450,000(Four Hundred and Fifty 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
Bumiputera. 

	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)	
FRANKIE 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(FK); 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(FK), the sale by the VENDOR to the PURCHASER and FRANKIE respectively of
the Sale Shares and 750,000 (Seven Hundred and Fifty Thousand) 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 
convert the 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) 	to
complete 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 such
that the aggregate number of NSMH Ordinary Shares to be sold by the VENDOR and
purchased by the PURCHASER shall be 500,001 (Five Hundred Thousand and
One) and not 450,000 (Four Hundred and Fifty Thousand) NSMH Ordinary
Shares as provided for under the SPA. 

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
Bumiputera Investor”	such prospective Malaysian Bumiputera investor(s) (other
than the PURCHASER) as is identified by and as is acceptable to the VENDOR to acquire the
20% Block 

	 	“Sale
Shares”	500,001 (Five Hundred Thousand and One) 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(FK)”
	
the sale and purchase agreement for the sale by the VENDOR and the purchase by FRANKIE of
750,000(Seven Hundred and Fifty Thousand) 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 and Ninety Nine) ICPS in NSMH held by the VENDOR into
1,999,999 (One  Million Nine Hundred and Ninety Nine Thousand Nine
Hundred and 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:-    

         .......................................

         signature of witness

Name:

Passport No:

SIGNED BY                           

DATO' MOHD NADZMI                   

BIN MOHD SALLEH                     

the PURCHASER aforesaid                 

in the presence of:-                        

        .............................................

                                                              Dato' Mohd Nadzmi Bin Mohd Salleh

         .......................................

         signature of witness

Name:

NRIC/Passport No:ex 10-12 Memorandum of Charge

                                                                                                SPA (Frankie)

                                                                                                 MOC-Frankie

DATED THIS    
       
DAY OF              

                                                  GIVEN BY

                                                 (as Chargor)

                                                     TO

NU SKIN
ENTERPRISES, INC

                                                (as Chargee)

 

MEMORANDUM
OF CHARGE

                              (of shares in NU SKIN MALAYSIA HOLDINGS SDN. BHD)

KHAW & PARTNERS

ADVOCATES
& SOLICITORS

KUALA LUMPUR

MEMORANDUM
OF CHARGE OF SECURITIES

TO

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 

WHEREAS

	I. 	By
a Sale and Purchase Agreement dated 17th August 2001 as varied by a Supplemental
Agreement dated 28 September 2001, I have purchased from you, the Subject Shares the
purchase price in the sum of (Ringgit) whereof remained unpaid by me to you as at the
date of this Memorandum of Charge.  

	II. 	At
my request, you agreed inter alia to withhold the issue of a demand to me for immediate
payment of the entire sum agreed to be paid by me to you under the SPA. 

	III.	In
consideration of your agreement in Recital II, I agreed to execute this Memorandum of
Charge in respect of the Subject Shares in your favour as security for the payment by me
of the Indebtedness. 

1. DEFINITIONS
& INTERPRETATION

1.1 Definitions

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

	 	“Advances”
	all payment made by you on my behalf under Clauses 10.2 and 26 in respect of the Charged
Securities and remains unpaid and owing by me to you from time to time 

	 	"Call Option"	the call option granted by me to you pursuant to the Shareholders Agreement 

	 	"Charged Securities" 	(a)     the Subject Shares; 

	 	
(b)     
all stocks, shares, securities, rights, money and property which may at any time
after the date of this Memorandum of Charge derived from, accrued on or be
offered at any time by way of redemption, bonus, preference, option or otherwise
to or in respect of any of the Charged Securities; and

	 	
(c)     
all dividends or interest paid or payable after the date of this Memorandum of
Charge on the Charged Securities.

	 	"Event Default" 	of
any of the events referred to in Clause 7.1 

	 	
“Indebtedness" 
	
all monies including the Advance, if any (together with the interest accrued thereon) and
liabilities whether certain or contingent which are now are or at any time after the date
of the Memorandum of Charge may be due, owing or incurred from or by me to you or in
relation to or arising out of or in consequence of any failure on my part to pay, perform
and observe the sums of money, terms, provisions, covenants and agreements on my part to
be paid, performed and observed and contained herein including all legal and other costs,
charges and expenses arising out of or incidental to the preparation, enforcement, taking
or realisation of your security hereunder for the payment of the Indebtedness 
 

	 	“Notice
of Further Encumbrances”	 your actual or
constructive notice (referred to in Clause 14.1) of my creation of any further charge,
mortgage or other encumbrance over the Charged Securities or any part of it in favour of
any third party 

	 	"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 

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

	 	"Security
Interest"	any mortgage, charge, pledge, lien,
right or set-off or any other security interest whatsoever 

	 	"Share Certificates"	
 the certificates and other documents of title to the Charged Securities 

	 	“Shareholders
Agreement”
	the Shareholders Agreement dated 28 September 2001 and made between
you, me and            
              and includes
such variations and modifications as may be agreed between the parties thereto and any
new shareholders agreement executed by inter alia the parties thereto to
substitute/replace the aforesaid agreement 
 

	 	"SPA”	the
sale and purchase agreement dated 17th August 2001 and the Supplemental Agreement dated
28 September 2001 made between you and me (and referred to in Recital I) and includes
such variations and modifications as may be agreed between the parties thereto

	 	"Subject Shares"	
___________ (___________) NSMH Shares held by me (as the registered and beneficial
owner thereof) 

	 	"Suspense Account"	
: the account referred to in Clause 15.1 

1.2
Interpretation

        1.2.1    
The Appendices to this Memorandum of Charge form integral parts of this
Memorandum of Charge. The headings in this Memorandum of Charge are inserted for
convenience of reference only and shall not be taken, read and construed as
essential parts of this Memorandum of Charge. 

        1.2.2    
All references to Appendices and Clauses shall be references to the appendices
and clauses of this Memorandum of Charge. All references to provisions of
statutes include such provisions as modified, re-certified or re-enacted. All
references to this Memorandum of Charge shall include all amendments and
modifications to this Memorandum of Charge as shall from time to time be in
force. 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    
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 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 in this Memorandum of Charge, 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 Memorandum of Charge, 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 inter alia weekly or public holiday. 

2. CHARGE

2.1 Charge

     IN CONSIDERATION of:- 

     2.1.1     your withholding at my request the
issue of a demand to me for payment of the Indebtedness under the SPA; and 

     2.1.2
    
your agreement to my application of all dividends and other cash distributions
(if any) from time to time towards payment of the Indebtedness, 

	 	
I
being the registered and/or beneficial owner of the Subject Shares HEREBY CHARGE
to you as a continuing security for the payment, discharge and satisfaction to
you on demand of the Indebtedness and the performance by me of my obligations
under this Memorandum of Charge:-

	 	i) 	the
Charged Securities; 

	 	ii) 	all
dividends, interest and other payment referred to in Clause 9.1; and 

	 	iii) 	all
proceeds from the sale of the Charged Securities referred to in Clause 9.2. 

2.2 Delivery
of Share Certificates

	 	
I
hereby irrevocably authorise you to take delivery from NSMH of the Share
Certificates upon issue thereof in my name. If the Share Certificates are
delivered by NSMH to me, I will immediately deliver or cause to be delivered the
Share Certificates to you.

2.3 Delivery
of Instruments of Transfer 

	 	
I
will execute and deliver to you as an escrow upon the issue of the Share
Certificates, and from time to time, such number of instruments of transfer (in
Form 32A of the Companies Regulation 1966) of the Charged Securities as you may
require.

2.4     Other
Obligations

	 	
I
will do, execute and deliver all other acts, documents and things necessary to
deposit and charge the Charged Securities to you.

2.5     Extend of
Security

	 	
The
security created by this Memorandum of Charge is to be available for such
aggregate amount as the ad valorem stamp duty paid and endorsed from time to
time on the original of this Memorandum of Charge in your possession extends to
secure, interest, costs, charges, expenses and other monies owing and remaining
unpaid by me to you from time to time.

3.
REPRESENTATION AND WARRANTIES

		3.1	
that I am or will be the registered
holder and beneficial owner of the Charged Securities;

		3.2	
that there is no prior mortgage, pledge, lien, charge, assignment,
hypothecation, encumbrance or other security interest of any kind upon the
Charged Securities or any of them;

		3.3	
that I have no knowledge of any fact which would or might invalidate the
creation of the charge over the Charged Securities in your favour under this
Memorandum of Charge;

		3.4	
that this Memorandum of Charge when duly executed will constitute legal, valid
and binding obligations on my part in accordance with the provisions of this
Memorandum of Charge;

	 	3.5 	that
I have not committed any act of bankruptcy and no bankruptcy notice has been issued
against me; and 

		3.6	
that no Event of Default has accrued and no event has occurred which, with the
giving of notice and/or the lapse of time and/or the fulfilment of any other
condition, might constitute an Event of Default.

4. COVENANTS

So long as the Indebtedness remains unpaid by me to you, I hereby
covenant with you as follows:- 

        4.1
that I will duly perform and observe the covenants, undertakings, stipulations
and obligations on our part to be performed and observed by me and contained in
this Memorandum of Charge; 

        4.2
that I will notify you in writing as soon as I become aware of the occurrence of
any Event of Default or of any event which, with the giving of notice and/or the
lapse of time and/or the fulfilment of any condition would constitute an Event
of Default; 

        4.3
that as soon as practicable, I will notify you in writing of any litigation,
arbitration or administrative proceedings or claim which is brought or made
against me or to my knowledge is threatened against me and if determined
adversely to me would materially and adversely affect my financial position; 

        4.4
that I will notify you immediately of any notices or documents issued to or
received by me as the registered holder of the Charged Securities and
immediately deliver a copy of such notices or documents to you; and 

        4.5
that I will notify you immediately of the creation of any further charge,
mortgage or other encumbrance over the Charged Securities or any part of it. 

5. TRANSFERS

So long as the Indebtedness or any part of it remains owing and unpaid by
me to you:- 

	5.1 	I
will:- 

        5.1.1     
execute and deliver to you, all such instrument of transfers as you may require
of the Charged Securities or any of them to you or your nominees or any
purchaser of the Charged Securities; and 

        5.1.2    
deposit with you together with the aforesaid instrument of transfers, the
certificates or other documents of title to the Charged Securities; and 

5.2      you may:- 

        5.2.1    
transfer or cause to be transferred (at your cost and expense) all or any of the
Charged Securities into the name(s) of your nominee(s) who shall hold the
Charged Securities transferred subject to the charge under this Memorandum of
Charge; and 

        5.2.2    
transfer or cause to be transferred (at your cost and expense) the Charged
Securities or any of them from one nominee to another subject to the provisions
of this Memorandum of Charge. 

6. PAYMENT OF
INDEBTEDNESS

        6.1    
I will apply all dividends and other cash distributions (if any) made by NSMH
from time to time towards payment of the Indebtedness. 

        6.2
Unless and until the Indebtedness shall be paid in full by me to you, I
irrevocably direct and authorise NSMH to pay directly to you, all such dividends
and other cash distributions (if any) as are payable by NSMH from time to time
to me. 

7. DEFAULT

7.1 Events of
Default

     Each of the following events is an Event of
Default:- 

     7.1.1      if I fail to pay the Indebtedness or
any part thereof in accordance with the provisions of this Memorandum of Charge; or 

     7.1.2    
if I commit any breach or fail to observe any of my covenant and obligation
under this Memorandum of Charge and, in the case of a breach capable of remedy,
fails to remedy the same within 7 (Seven) days after receipt of a written
notice requiring such remedy; or 

     7.1.3     if I die, become of unsound mind,
commits an act of bankruptcy or is adjudicated a bankrupt or; 

     7.1.4     if I allow any judgment against me to
remain unsatisfied for a period of 21 (Twenty One) days; or 

     7.1.5    
if distress or execution or other process of a court of competent jurisdiction
be levied upon or issued against any of my property and such distress, execution
or other process is not satisfied by me within 7 (Seven) days from the
date of it; or 

     7.1.6    
if any representation or warranty made or deemed to be made by me or under this
Memorandum of Charge is incorrect in any respect which you deem material; or 

     7.1.7     a notice is delivered by you to me to
exercise the call option to purchase shares pursuant to the Call Option; or 

     7.1.8     I cease to hold, as the registered
holder and beneficial owner thereof, any of the Charged Securities; or 

     7.1.9    
if you in your absolute discretion, consider that the security provided under
this Memorandum of Charge is in jeopardy. 

7.2 Breach
capable of remedy

     For the purpose of Clause 7.1.2, a breach
shall be considered capable of remedy if:- 

     7.2.1     I can comply with the provision in
question in all respects other than as to the time of performance; and 

     7.2.2 the time of performance is not of the
essence of the provision in question. 

7.3
Notification of an Event of Default

     I shall notify you forthwith in writing
upon the occurrence of an Event of Default. 

7.4 Effect of
Default

     Upon the occurrence of an Event of Default:- 

     7.4.1     the Indebtedness shall immediately
become payable by me to you; and 

     7.4.2
    
you shall immediately be entitled to enforce the security constituted by this
Memorandum of Charge in accordance with Clause 8 without prior notice to or
concurrence on my part. 

8. POWER OF
SALE

8.1 Sale of Charged
Securities

	 	
Upon
the happening of an Event of Default, but subject always to Clause 8.2, you
shall be entitled, without notice to me and any consent or concurrence by me, at
any time(s) thereafter and so long as the Indebtedness shall remain unpaid by me
to you, to sell the Charged Securities to such person (including yourselves or
your related or associated or affiliated company), in such manner (whether by
private treaty or by public auction) and upon such terms and conditions as you
deem fit.

8.2 Call Option

	 	
Upon
the occurrence of an Event of Default described in Clause 7.1.7, I will sell the
Charged Securities to you in accordance with the provisions of the Shareholders
Agreement.

8.3 Proceeds
From Sale

     The proceeds of any sale made under Clauses
8.1 and 8.2 shall be applied by you as follows:- 

     8.3.1     firstly, in or towards the payment
and discharge of the costs incurred by such sale; 

     8.3.2     secondly, in or towards the payment
of the Indebtedness; and 

     8.3.3     the residue, if any, shall be paid to
me or to my order. 

8.4 No trust of
power of sale

	 	
In
respect of the exercise of your power of sale pursuant to Clause 8.1, you are
not and shall not be deemed to be a trustee of the power of sale and you shall
not be obliged to:-

     8.4.1     consult me in any respect; or 

     8.4.2     sell the Charged Securities:- 

	 	i) 	at
any particular time after the occurrence of any of the Event of Default; 

	 	ii) 	in
any particular numbers; or 

	 	iii) 	to
satisfy any particular part of the Indebtedness. 

8.5 Discharge
of Duties

	 	
You
shall be deemed to have discharged your duties as chargee upon a sale of the
Charged Securities if your exercise of your power of sale is bona fide.

8.6 Liability

	 	
You
shall not be responsible in any way whatsoever for any involuntary loss
occasioned by your exercise of your power of sale under this Memorandum of
Charge and howsoever arising.

9. INCOME FROM
CHARGED SECURITIES

        9.1    
Any dividends, interest or other payments which may be paid or payable after the
date of this Memorandum of Charge in respect of the Charged Securities may be
applied by you as though they were proceeds of a sale of the Charged Securities
under this Memorandum of Charge and notwithstanding that the right to exercise
the power of sale under Memorandum of Charge has not arisen. 

        9.2    
I will pay over to you (immediately upon receipt of the same) without demand,
such of the dividends, interest or other payments as are hereby charged and as
are received by me during the continuance in force of this Memorandum of Charge. 

10. PAYMENT OF
CALLS

10.1 Calls
payable by me

	 	
During
the term of this Memorandum of Charge, I will duly and punctually pay all calls,
instalments and other payments (if any) due and payable in respect of the
Charged Securities.

10.2 Payment
by you

	 	
If
I defaulted in paying any call, instalment or other payment (if any) due and
payable in respect of the Charged Securities, you may make such payments on my
behalf.

10.3 Advances

	 	
Any
money paid by you under Clause 10.2 forms part of the Advances and shall be
treated as a debt owing and payable by me to you.

11. VOTING
RIGHTS

        11.1
You or your nominees may exercise at your discretion and in my name or otherwise
at any time (whether before or after the right to exercise the power of sale
under this Memorandum of Charge has arisen) and without notice to me or any
further consent or concurrence by me in respect of the Charged Securities, the
voting rights and any powers or rights which may be exercised by the person(s)
in whose name(s) the Charged Securities are registered. 

        11.2
If required by you, I will duly appoint such proxies as you may nominate to
attend as the proxy for the holder of the Charged Securities, all general
meetings of NSMH. 

12. CONTINUING
SECURITY

     The security created under this Memorandum
of Charge shall be a continuing security for all money now or hereafter or from time to
time owing and due by me to you. 

13.
PROHIBITION AGAINST DEALINGS

     During the term of this Memorandum of
Charge, I will not (save as permitted under this Memorandum of Charge) transfer, sell, or
otherwise howsoever, deal with the Charged Securities or any interest in the Charged
Securities or subject the same to any further charge, mortgage or other encumbrance
without your prior written consent. 

14. NEW AND
SEPARATE ACCOUNTS

     14.1    
If you have actual or constructive notice that I will execute or create any
further charge, mortgage or other encumbrance over the Charged Securities or any
part of it in favour of any other corporation, person, or persons, you may and
shall be deemed to have, immediately after the receipt of such notice, opened a
new or separate account in your books. 

     14.2     With effect from the time of the
Notice of Further Encumbrances, all payments in account made by us to you shall:- 

             
14.2.1    
notwithstanding any legal or equitable rule of presumption to the contrary, be
placed or deemed to have been placed to the credit of the new and separate
account opened or deemed to have been opened under Clause 14.1; and 

             
14.2.2    
not reduce the amount due by me to you at the time when you receive or was
deemed to have received the Notice of Further Encumbrance. 

     14.3    
The provisions of Clauses 14.1 and 14.2 shall not prejudice the security which
you otherwise would have had under this Memorandum of Charge for the payment of
the Indebtedness for the time being outstanding and due to you notwithstanding
that the same may become due or owing or be incurred after the time when you
receive or was deemed to have received the Notice of Further Encumbrance. 

15. SUSPENSE
ACCOUNT

        15.1
You may place and keep any money received by you under this Memorandum of Charge
to the credit of a suspense account for as long as you deem fit. 

        15.2
You are not obliged to apply any money placed or kept in the Suspense Account or
any part of it in or towards discharge of the Indebtedness or any part thereof. 

        15.3
Notwithstanding any such payment, in the event of any proceedings in or
analogous to winding up or liquidation, composition or arrangement against me,
you may prove for and agree to accept any dividend or composition in respect of
the whole or any part of the Indebtedness in the same manner as if this security
had not been created. 

16. ADDITIONAL
SECURITY

     16.1     The security created under this
Memorandum of Charge is in addition to and without prejudice to:- 

             
16.1.1     any collateral or other securities
which you may now or after the date of this Memorandum of Charge hold from or on any
account; 

             
16.1.2    
any collateral or other security or any lien to which you may be otherwise
entitled (including any security charge or lien prior to the date of this
Memorandum of Charge on the Charged Securities); and 

             
16.1.3    the liability of any person not a
party to this Memorandum of Charge for all or any part of the Indebtedness. 

     16.2    
All money received by you from me or any person(s) liable to pay the same may be
applied by you to any account or item of account or any transaction(s) to which
the same may be applicable. 

17.
CONSOLIDATION

     You are entitled to consolidate this
Memorandum of Charge with any other charge, mortgage or other encumbrances. Unless
otherwise agreed by you, the security under this Memorandum of Charge shall not be
discharged except on payment to you not only of the Indebtedness but also all money
secured by any other security created by me or by any person through whom I claim. 

18. CERTIFICATE

     A certificate signed by any of your
officers as to the amount of the Indebtedness for the time being due and owing or
incurred to you by me shall, in the absence of manifest error, be accepted by me as
conclusive evidence that the amount stated in the certificate is due or owing to you as
aforesaid. 

19. INDULGENCE

     19.1     You may at all times, without
discharging or in any way affecting the security created under this Memorandum of Charge,
do any of the following:- 

             
19.1.1     grant to me and/or to any surety,
guarantor or other person any time or indulgence; 

             
19.1.2     renew any bills, notes, or other
negotiable securities; 

             
19.1.3     take any securities or guarantees
from me and/or any surety, guarantor or other person; 

             
19.1.4    
deal with, exchange, release, modify or abstain from taking, perfecting or
enforcing any securities or other guarantees or rights which you may now or 

     after the date of this Memorandum of Charge
have from or against me and/or any surety, guarantor or other person; and 

        
     19.1.5    
make any compromise, composition, arrangement or dealing with me and/or any
surety, guarantor or other person. 

     19.2     The security created under this
Memorandum of Charge shall not be affected by any invalidity of any security. 

     20. DISCHARGE OF SECURITY

     20.1    
If the whole of the Indebtedness is paid to you, then subject to your rights of
consolidation in Clause 17, you shall, upon my request and at my cost, discharge
the charge hereby created and release to me or as I may direct, the certificates
or other documents of title to the Charged Securities and the instrument of
transfers thereof. 

     20.2    
You are not bound to deliver stocks, shares, or securities bearing serial
numbers identical with those deposited with or transferred to you so long as the
stocks, shares or denomination and nominal amount rank pari passu with those
initially deposited with or transferred to you (subject to any capital
reorganisation which may have occurred in the meantime). 

     20.3    
Any discharge or release of the charge hereby created shall be deemed to be made
subject to the condition that it will be void if any payment which you have
received is set aside under any applicable law or proves to have been for any
reason invalid. 

21. NOTICES
& LANGUAGE

21.1 Service
of Notice

	 	
Any
notice or request with reference to this Memorandum of Charge 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.

	 	i) 	to
me:- ----- 

	 	 	     
        

      
        

      
        

     
         

     
        

	ii) 	to
you:- ------ 

	 	  	NU SKIN
ENTERPRISES , INC. 

75 West Center Street

 Provo, Utah 84601,

 United States of America

Telefax: 00 1 801 345 3899

 Attn: ............................ 

21.2 Time of
service

     A notice sent:- 

          
21.2.1    
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; 

             
21.2.2    
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; 

          
   21.2.3    
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; 

        21.2.4
by hand or commercial courier shall be deemed to have been served at the time of
delivery of the notice. 

21.3 Language

	 	
All
correspondence, notices, reports and other forms of communication between the
parties hereto contemplated in, in respect of, incidental to and in relation to
this Memorandum of Charge shall be in the English language.

22. POWER OF
ATTORNEY

     Simultaneously with the execution of this
Memorandum of Charge, I will execute a Power of Attorney (in the form annexed to this
Memorandum of Charge and marked "Appendix 1" together with such modifications as you may
agree upon in writing) and confer upon you or your nominee(s) the powers and authorities
described in the Power of Attorney. 

23.
RESIGNATION FROM OFFICE OF DIRECTOR OF COMPANY

     If required by you upon the occurrence of
an Event of Default, I will resign (either immediately or on such date as you specify)
from the office of director of (as applicable) NSMH and NU SKIN (MALAYSIA) SDN. BHD. and
if such office is held by my nominee(s), procure the resignation of my nominee(s) from
the office of director of (as applicable) NSMH and NU SKIN (MALAYSIA) SDN. BHD. without
payment of any compensation for loss of office on (as applicable) NSMH's or NU SKIN
(MALAYSIA) SDN. BHD's board as required by you. 

24. CHANGES

     The security, liabilities and obligations
created by this Memorandum of Charge shall continue to be valid and binding for all
purposes whatsoever notwithstanding my bankruptcy, death or unsoundness of mind. 

25. LOSS/DAMAGE/DIMINUTION
IN VALUE

     So long as the Charged Securities are in
your or your nominees', servants' or agents' or any assignee's or transferee's
possession, custody or control under the provisions of this Memorandum of Charge, neither
you nor any such person shall be answerable or responsible for the loss of or damage to
or diminution in value of any of the Charged Securities howsoever arising and whether by
the exercise or non-exercise of any of the authorities or powers conferred upon you or
your nominees under this Memorandum of Charge or by reason of your or your nominees
holding the Charged Securities in your or as applicable, your nominees' name(s). 

26. COSTS

26.1
Solicitors costs

     Each party hereto shall bear its own
solicitors' costs of and incidental to this Agreement. 

26.2 Stamp
duty on the Memorandum of Charge

	 	
I
will bear the stamp duty chargeable on this Memorandum of Charge and all other
relevant documents incidental to this Memorandum of Charge and, if relevant, any
penalties for late stamping. Any payment made by you on our behalf of any costs
and expenses which I am liable to pay for under this Memorandum of Charge shall
form part of the Indebtedness.

27. TIME

     Time wherever mentioned shall be the
essence of this Memorandum of Charge. 

28. GOVERNING
LAW & JURISDICTION

     This Memorandum of Charge shall be governed
by the laws of Malaysia. Subject to Clause 29, I hereby submit myself and my assets to
the non-exclusive jurisdiction of the courts in Malaysia. 

29. ARBITRATION

29.1 Reference
to Arbitration

	 	
Any
dispute or difference which may arise between the parties hereto at any time
hereafter whether during the continuance in force of this Memorandum of Charge
or upon or after its termination, touching any matter or thing herein contained
or the operation or construction of this Memorandum of Charge or any matter or
thing in any way connected with, arising from or in relation to this Memorandum
of Charge 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.

29.2 Arbitral
Proceedings

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

29.3 Interim
remedies

	 	
Pending
the establishment of the arbitral tribunal, the parties hereto may apply to the
courts in Malaysia (which shall have non-exclusive jurisdiction) for the grant
of interim injunctions and orders for the protection and preservation of
property subject of or relating to this Memorandum of Charge.

30. NON-WAIVER

     No failure or delay on your part in
exercising nor any omission to exercise any right, power, privilege or remedy accruing to
you hereunder upon any default on my part shall impair any such right, power privilege or
remedy or be construed as a waiver thereof or an acquiescence in such default, nor shall
any action by you in respect of any default or any acquiescence in any such default,
affect or impair any of your rights, powers, privileges or remedies in respect of any
other subsequent default. 

31. ASSIGNMENT
OR TRANSFER OF CHARGE

     You shall be at liberty, at any time, with
or without the concurrence by and without notice to me, and at your own costs and
expense, to assign and transfer this Memorandum of Charge. 

32.
SUCCESSORS-IN-TITLE

     This Memorandum of Charge shall be binding
upon your and my successors-in-title and assigns and persons deriving title under (as
applicable) you or me. 

IN WITNESS
WHEREOF we have hereunto executed this Memorandum of Charge the day
month and year first above written. 

SIGNED BY           )

                     )

 in the presence of:-            )

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