Document:

Exhibit 4.11

[FACE OF CERTIFICATE]

NUMBER
PA

VELOCITY ASSET MANAGEMENT, INC.
INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

SHARES

SEE REVERSE FOR CERTAIN DEFINITIONS
CUSIP 92257E

THIS CERTIFIES that
is the owner of

FULLY PAID AND NON-ASSESSABLE SHARES OF THE SERIES A CONVERTIBLE PREFERRED STOCK
OF THE PAR VALUE $.001 EACH OF

VELOCITY ASSET MANAGEMENT, INC.

(hereinafter called the Corporation), transferable on the books of the
Corporation by the Holder hereof in person or by duly authorized attorney, upon
surrender of this Certificate properly endorsed. This Certificate is not valid
until countersigned by the Transfer Agent.

WITNESS the facsimile seal of the Corporation and the facsimile signatures of
its duly authorized officers.

Dated:

/sig/
Secretary

[SEAL]

/sig/
President

COUNTERSIGNED:
CONTINENTAL STOCK TRANSFER & TRUST COMPANY
(Jersey City, N.J.)
TRANSFER AGENT
BY
AUTHORIZED OFFICER
<PAGE>

[REVERSE OF CERTIFICATE]

The following abbreviations, when used in the inscription on the face of this
certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

TEN COM - as tenants in common
TEN ENT - as tenants by the entireties
JT TEN - as joint tenants with right of survivorship and not as tenants in
common

UNIF GIFT MIN ACT - .....(Cust).....Custodian.....(Minor)..... under Uniform
Gifts to Minors Act.....(State).....

Additional abbreviations may also be used though not in the above list.

For Value Received, _____ hereby sell, assign and transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE
(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

Shares of the capital stock represented by the within Certificate, and do hereby
irrevocably constitute and appoint

Attorney to transfer the said stock on the books of the within named Corporation
with full power of substitution in the premises.

Dated

SIGNATURE GUARANTEED

NOTICE:
THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON
THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR
ENLARGEMENT OR ANY CHANGE WHATEVER.<PAGE>

EXHIBIT 10.1
                              AGREEMENT TO PURCHASE

This is a legally binding contract. If you do not understand this contract,
please seek legal council,

THIS AGREEMENT entered into on the 25th day of August, 2005 by and between.
World Marketing, Inc. or his/her/their assignee(s) hereinafter referred to as
"Buyer", and Chaya B Merrnelstein, hereinafter referred to as "Seller".

     1.   PROPERTY PURCHASED: In consideration of the mutual promises herein
          contained, the Seller agrees to sell_ and the Buyer agrees to buy, in
          accordance with the terms and conditions of this Agreement. the
          following described Real Property, Situated in the City of Brooklyn,
          the County of Kings and the State of N.Y and described as follows:

                        UNIT 2C 125 DIVISION REALTY CORP

          Together with all the improvements thereon, all privileges,
          appurtenances, easements, and all fixtures presently situated in said
          building, including, but not by way of limitation: all heating and air
          conditioning equipment including window units, all electrical,
          plumbing and bathroom fixtures.

     2.   PRICE AND TERMS: Buyer hereby agrees to pay for said property the sum
          of 1,900,000 shares Dollars ($25,000) payable as follows:

               The Buyer agrees to pay $11,000 on 8/26/05 $14,000 Dollars
               (Within 6 months) as the down payment on the property. With 8%
               percent interest.

     3.   SELLER'S CERIFICATION: Seller certifies to Buyer that, to the best of
          Seller's Knowledge (a) there is no termite damage to the REAL ESTATE:
          (b) the fireplaces, electrical, plumbing, heating, air conditioning
          equipment and systems, and other items included herein will be
          operational on Possession: (c) there ore no pending orders of
          ordinances or resolutions that have beets enacted authorizing work or
          improvements for which the REAL ESTATE may be assessed and (e) No
          City, County or Stale orders base been served upon hint requiring work
          to be done or improvements to be made which have not been performed.

     4.   INSPECTION: Seller agrees to give Buyer, and/or his agent, access to
          inspect the entire premises. Inspection shall include every room,
          plumbing, wiring, structure, foundation and all mechanical components.
          Should any deficiencies be found, the Seller shall have the option of
          either repairing the deficiency, deducting the cost of the repair from
          the down payment, or notifying the Buyer that the Seller cannot meet
          the terms of this contract and refunding the Earnest Money deposited
          by the Buyer.

     5.   CONVEYANCE AND CLOSING: Within 20 Days from acceptance, or upon repair
          of any deficiency in building condition by Seller, or within 5 days of
          receipt of assumption materials from seller's lending institution by
          closing agent, whichever is later, both parties shall deposit with the
          authorized escrow holder, selected by the Buyer, all funds and
          instruments necessary to complete the sale in accordance with the
          terms hereof. Seller shall be responsible for deed(s) preparations and
          shall covey marketable title to the REAL ESTATE by deed of general
          warranty, on or before Oct. 13. 2005, or at such sooner time as
          mutually agreeable to the parties hereto, free, clear and
          unencumbered, as of Closing, except restrictions and easements of
          records which do not adversely affect the use of REAL ESTATE. Seller
          shall have the right to remove liens at the Closing out of the
          Purchase Price on or before Oct. 13. 2005.

     6.   CONDITIONS OF IMPROVEMENTS: Seller agrees that on Possession, the REAL
          ESTATE shall be in the same condition as it is on the date of this
          Purchase Offer, except for ordinary wear and tear. In case the REAL
          ESTATE herein referred to is destroyed wholly or partially by fire or
          other casualty Buyer shall have the option for 10 days thereafter of
          proceeding with the terms of this contract, with and agreed adjustment
          to the sale price, or of terminating this agreement and being repaid
          all amounts paid hereunder.

     7.   DEFAULT: It is expressly agreed that upon the event of any default or
          failure on the part of the Buyer, to comply with the terms and
          conditions of this contract, that Seller agrees to accept only the
          EARNEST MONEY deposited by the buyer without any claims to the
          shares.. Upon default by the Seller to perform under this agreement,
          all deposits shall be returned to Buyer on demand, and Buyer shall not
          thereby waive any right to remedy he may have because of such refusal.

     8.   SOLE CONTRACTOR: The parties agree that this Agreement to Purchase
          constitutes their entire agreement. Any amendments to this Contract
          shall be made in writing, signed by all parties and copies shall be
          attached to all copies of the original Purchase Contract. The term and
          conditions of this Contract are to apply to and bind and inure to the
          benefit of the heirs, executors, administrators, successors, and
          assigns of the respective parties. All provisions of this contract
          shall survive the closing. All parties are advised to seek competent
          advice, unless they fully understand all terms of the contract. Should
          there be any term or condition in this contract that is not in accord
          with the applicable leg statutes, either party may void that portion
          of the contract by having his lawyer furnish a written opinion stating
          the reason, and citing the proper law or court case.

     9.   EXPIRATION: This offer shall expire unless a copy hereof with Seller's
          written acceptance is delivered to Buyer or his Agent on or before
          Oct. 13, 2005, 3 p.m. (AM/PM/NOON/MIDNIGHT) on October 14, 2005.

     10.  APPROVAL: The undersigned Buyer(s) has read, fully understands and
          approves the foregoing offer and acknowledges possession of a signed
          copy.

/s/ Jacob Roth                                 /s/ Chaya B. Mermelstein
--------------------------------------         ---------------------------------
Buyer                                          Seller

                                   ACCEPTANCE

         The undersigned Seller(s) has read, fully understands and verifies the
         above information as being correct and accepts the foregoing offer,
         agreeing to sell the herein described property.<PAGE>

EXHIBIT 10.2

                       Amendment to Agreement to Purchase

Between World Marketing, Inc. (Buyer) and Chaya B. Mermelstein (Seller).

It is hereby agreed as of February 25, 2006, to extend the payment of $10,000
for 6 months till August 25, 2006. Payment shall be made in cash or stock or
both, agreed upon February 28, 2006.

/s/ Jacob Roth                                  /s/ Chaya B. Mermelstein
--------------                                  ------------------------
Buyer                                           SellerExhibit 99-1 to Form 8-K Chang Employement Agreement

JOSEPH Y. CHANG 

EMPLOYMENT AGREEMENT 

                This
EMPLOYMENT AGREEMENT (the “Agreement”) is entered into this 17 day of
April, 2006, by and between NU SKIN ENTERPRISES, INC., a Delaware corporation
(“Company”), and JOSEPH Y. CHANG (“Executive”). 

                WHEREAS,
the Executive has been employed by the Company or one of its affiliates as President of
the Pharmanex division; 

                WHEREAS,
the Company and Executive desire to establish the terms and conditions of Executive’s
employment with the Company and designated affiliates; 

                NOW,
THEREFORE, in consideration of the covenants and agreements hereinafter set forth, the
parties hereto agree as follows: 

        1.        
EFFECTIVENESS OF AGREEMENT

                     1.1.
       
          General. This Agreement shall replace in its entirety all prior
          agreements or understandings regarding the employment of Executive by the
          Company and any of its affiliates. 

        2.        
EMPLOYMENT AND DUTIES 

                     2.1.       
          General. The Company shall continue to employ the Executive, and the
          Executive agrees to serve as Chief Scientific Officer, and Executive Vice
          President, Product Development, upon the terms and conditions herein contained.
          Executive shall report directly to the Chief Executive Officer of the Company.
          The Executive shall perform such other duties and services for the Company and
          its affiliates as may be reasonably designated from time to time by the Company
          and as are consistent with Executive’s title. The Executive agrees to serve
          the Company faithfully and to the best of his ability. 

                     2.2.       
          Exclusive Services. Except as may otherwise be approved in advance by the
          Board of Directors of the Company (“Board”), and except during
          vacation periods and reasonable periods of absence due to sickness, personal
          injury or other disability, the Executive shall devote his full working time
          throughout his term of employment to the services required of him hereunder. The
          Executive shall render his services exclusively to the Company during his term
          of employment, and shall use his best efforts, judgment and energy to improve
          and advance the business and interests of the Company in a manner consistent
          with the duties of his position. Executive may participate in charitable and
          philanthropic activities so long as they do not interfere with his duties
          hereunder. For the purpose of this agreement, the Executive can continue to
          serve on the Board of Directors of Optimer Pharmaneceuticals, Inc. or any
          non-competitive entities approved by the Chief Executive Officer. 

 1

                     2.3.       
          Term of Employment Agreement. This Agreement shall terminate on the
          earlier of (a) December 31, 2009, or (b) the termination of the
          Executive’s employment pursuant to this Agreement (the “Employment
          Term”). Notwithstanding the termination of this Agreement, the provisions
          of Section 9 shall survive the termination of this Agreement and shall remain in
          full force and effect in accordance with the terms thereof. 

                     2.4.       
          Reimbursement of Expenses. The Company shall reimburse the Executive for
          reasonable travel and other business expenses incurred by him in the fulfillment
          of his duties hereunder upon presentation by the Executive of an itemized
          account of such expenditures, in accordance with the Company’s policies and
          procedures. 

        3.        
CASH COMPENSATION 

                     3.1.       
          Base Salary. Effective retroactively to November 1, 2005, the Executive
          shall be entitled to receive a base salary (“Base Salary”) at a
          rate of $500,000 per annum, payable in accordance with the Company’s
          payroll practices. 

                     3.2.       
          Annual Review. The Executive’s Base Salary shall be reviewed for
          potential increase by the Company, based upon the Executive’s performance,
          not less often than annually. Any positive adjustments in Base Salary effected
          as a result of such review shall be made by the Company in its sole discretion. 

                     3.3.       
          Cash Bonus Plan. During his employment under this Agreement, Executive
          shall be entitled to participate in the Company’s standard cash incentive
          plan (“Cash Incentive Plan”) at the same level as other
          similarly-situated executives (currently at a bonus target of 60% of base salary
          for division presidents). The cash bonus payable under this section 3.3, if any,
          shall be paid to Executive within 21⁄2 months following the end of the
          applicable fiscal year. 

                  3.4        
Retention Bonus.  In order to provide an incentive for Executive to remain in the employment of the Company during the
term of this Agreement, the Company
will pay Executive a cash retention bonus within 30 days following the end of each annual
service period in accordance with the following schedule, provided that Executive has
remained a full-time employee of the Company during such period and has faithfully and
diligently fulfilled his responsibilities and complied in all material respects with his
obligations to the Company: 

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	Annual Service Period
 
	 	Bonus Amount
 	 
	Year Ending December 31, 2006	 	$      200,000	 
	 	 	 	 
	Year Ending December 31, 2007	 	$      200,000	 
	 	 	 	 
	Year Ending December 31, 2008	 	$      300,000	 
	 	 	 	 
	Year Ending December 31, 2009	 	$      400,000	 

In the event that during the
Restricted Period Executive (i) engages in any Competitive Business; (ii) undertakes to
plan or organize any Competing Entity; (iii) becomes associated or connected in any way
with, participates in, is employed by, renders services to, or consults with, any
Competing Entity; or (iv) owns any direct or indirect interest in any other Competing
Entity (the activities described in clauses (i) through (iv) are hereinafter referred to
as a “Competitive Activity”), Executive shall forfeit and shall be obligated to
repay to the Company in full any bonus paid to Executive under this Section 3.4 during the
twelve months preceding the earlier of the date Executive’s employment was
terminated, and (2) the date Executive first engaged in a Competitive Activity. In
addition, Executive also shall forfeit and be obligated to repay to the Company in full
any bonuses paid or payable to Executive under this Section 3.4 after either of the
foregoing dates. 

            4.       
          LONG-TERM INCENTIVE COMPENSATION. 

        The
Company will provide the Executive with the following long-term incentive compensation
arrangement in accordance with the terms of its then existing stock incentive plan (the
“Stock Option Plan”): 

            (a)       
          As soon as practicable following the execution of this Agreement, the Company
          will grant the Executive a contingent stock award for a number of shares
          determined by dividing $1,000,000 by the closing sales price of the
          Company’s Class A Common Stock on the date of grant. The shares will vest
          and be issued in equal annual installments over four years beginning on November
          1, 2006 and on November 1st in each year thereafter until all of the shares have
          vested. In the event that Executive engages in a Competitive Activity during the
          Restricted Period, Executive shall forfeit and shall be obligated to repay to
          the Company in full the value (determined as of the date of vesting) of any
          shares that vested during the twelve months preceding the earlier of (1) the
          date Executive’s employment was terminated, and (2) the date Executive
          first engaged in a Competitive Activity, or any time thereafter. The form of
          contingent stock award shall contain other forfeiture provisions similar to
          those set forth in the Company’s standard equity award grants. 

             (b)        
          In addition, Executive will be entitled to participate in the annual, standard
          employee and executive stock incentive plan at a rate of no less than 35,000
          options per year, on the same terms and conditions as other similarly situated
          executives of the Company. 

3

             (e)        
          Notwithstanding the foregoing, upon the occurrence of a “Change of Control
          of the Company” (as defined in the Stock Option Plan) or in the event the
          Company engages in a transaction that effectively eliminate the public trading
          of the Company’s debt and equity securities, all unvested options issued by
          Parent to Executive will become immediately vested and exercisable on the
          effective time of such Change of Control or other transaction; provided
          the Executive is employed by the Company or any of its affiliates on such date. 

        (f )        
        Unless the Company determines otherwise, the Executive shall forfeit all outstanding stock options or restricted
shares, whether or not vested, if the
Executive’s employment with the Company or any of its affiliates is terminated for
Cause or, if following termination of the Executive’s employment with the Company or
any of its affiliates for any other reason, the Company determines that, during the period
of the Executive’s employment, circumstances existed which would have entitled the
Company or any such affiliate to terminate the Executive’s employment for Cause and
the Company notifies Executive of such determination in writing no later than ninety (90)
days after termination of Executive’s employment with the Company. 

        5.        
EMPLOYEE BENEFITS 

                The
Executive shall, during his employment under this Agreement, be included to the extent
eligible thereunder in all employee benefit plans, programs or arrangements (including,
without limitation, any plans, programs or arrangements providing for retirement benefits,
profit sharing, disability benefits, health and life insurance, or vacation and paid
holidays) that shall be established or adopted by the Company and made available to all
similarly-situated executives. The Company’s current policy is that vice president
level and above employees do not accrue vacation but may take vacation time as available.
The Company agrees that this policy (as applied to Executive) will provide Mr. Chang with
the opportunity for four weeks of vacation annually. In the event the Company’s
policy is modified to establish a fixed number of vacation days for vice president levels
and above, the Company agrees that Executive will be entitled to take four weeks of
vacation. 

        6.         TERMINATION OF
EMPLOYMENT 

             6.1.        
          Termination Without Cause. 

             6.1.1.       
          General. Subject to the provisions of Sections 6.1.3 and 6.1.4 and
          subject to your executing and not revoking a release of claims in favor of the
          Company, if, prior to the expiration of the Employment Term, the
          Executive’s employment is terminated by the Company without Cause, the
          Company shall 

                     (a)       
          continue to pay the Executive the Base Salary (at the rate in effect on the date
          of such termination) for twelve (12) months following the date of termination
          without Cause (such period being referred to hereinafter as the
          “Severance Period”), at such intervals as the same would have
          been paid had the Executive remained in the active service of the Company; 

4

                     (b)       
          Executive shall also be entitled to receive any Retention Bonus that vests and
          becomes payable during the Severance Period; 

                     (c)       
          Provided that the Company performance for the period covered by your severance
          period is such that management bonuses are payable, you also will receive a
          management bonus payable when management bonuses for the year are paid to other
          executives of the Company based upon what you would have received had you
          remained employed during the severance period; and 

                     (d)       
          Any stock incentive awards that would have vested during the Severance Period,
          shall immediately vest and become exercisable. 

The Executive shall have no further
right to receive any other compensation or benefits after such termination or resignation
of employment, except as determined in accordance with the terms of the employee benefit
plans or programs of the Company or as provided in this Agreement. In addition, the
Executive will have until the end of the Severance Period to exercise his options that
have vested as of the date of his termination without Cause. To the extent that the
Executive is not otherwise entitled to exercise the options at the date of such
termination, or if he fails to exercise the options within the time specified in the
preceding sentence, such options will terminate. 

                     6.1.2.       
          Conditions Applicable to the Severance Period. If, during the Severance
          Period, the Executive breaches any of his obligations under Section 9, the
          Company may, upon written notice to the Executive, terminate the Severance
          Period and cease to make any further payments or provide any benefits described
          in Section 6.1.1. 

                     6.1.4.       
          Death During Severance Period. In the event of the Executive’s death
          during the Severance Period, payments of Base Salary under Section 6.1.1 shall
          continue to be made during the remainder of the Severance Period to the
          beneficiary designated in writing for this purpose by the Executive or, if no
          such beneficiary is specifically designated, to the Executive’s estate. 

                     6.1.5.    
          Date of Termination. The date of termination of employment without Cause
          shall be the date specified in a written notice of termination to the Executive
          as the last day of the Executive’s employment. 

                     6.1.6.    
          Constructive Termination. The term “Constructive Termination”
          means: 

                             (a)       
          the Company has required the Executive to move his principal place of employment
          more than fifty (50) miles from where the Company is currently located; 

5

                             (b)       
          Executive’s annual base compensation is reduced by more than ten percent
          (other than a reduction that applies to similarly situated executive officers of
          the Company); 

                             (c)       
          Executive is no longer reporting to the Chief Executive Officer or a reduction
          in title results in Executive no longer reporting to the Company’s Chief
          Executive Officer; or 

                             (d)       
          a material adverse change in your duties. 

        None
of the foregoing will constitute a Constructive Termination to the extent mutually agreed
upon in advance of the occurrence thereof by the Executive and the Company. A Constructive
Termination will be treated as a termination of the Executive by the Company without
Cause. 

             6.2.       
          Termination for Cause; Resignation. 

             6.2.1.       
          General. If, prior to the expiration of the Employment Term, the
          Executive’s employment is terminated by the Company for Cause, or the
          Executive resigns from his employment hereunder (and such resignation is not a
          Constructive Termination as defined above), the Executive shall be entitled only
          to payment of his Base Salary as then in effect through and including the date
          of termination or resignation. The Executive shall have no further right to
          receive any other compensation or benefits after such termination or resignation
          of employment, except as determined in accordance with the terms of the employee
          benefit plans or programs of the Company or as provided in this Agreement. 

             6.2.2.       
          Date of Termination. The date of termination for Cause shall be the date
          specified in a written notice of termination to the Executive as the last day of
          the Executive’s employment. The date of resignation shall be the date
          specified in the written notice of resignation from the Executive to the Company
          as the last day of the Executive’s employment, or if no date is specified
          therein, twelve (12) months after receipt by the Company of written notice of
          resignation from the Executive. 

        6.3.       
               Cause. Termination for “Cause” shall mean termination of
               the Executive’s employment because of: 

        (a)       
               any act or omission that constitutes a material breach by the Executive of any
               of his obligations under this Agreement, which breach is materially injurious to
               the Company; 

        (b)       
               the willful and continued failure or refusal of the Executive to substantially
               perform the duties required of him in his position with the Company, which
               failure is not cured within twenty (20) days following written notice of such
               failure; 

6

        (c)       
               any willful violation by the Executive of any material law or regulation
               applicable to the business of the Company or any of its subsidiaries or
               affiliates, or the Executive’s conviction of, or a plea of nolo
               contendre to, a felony, or any willful perpetration by the Executive of a
               common law fraud; or 

        (d)       
               any other willful misconduct by the Executive that is materially injurious to
               the financial condition or business reputation of, or is otherwise materially
               injurious to, the Company or any of its subsidiaries or affiliates. 

        7.        
DEATH OR DISABILITY 

                In the
event of termination of employment by reason of death or Disability (as hereinafter
defined), the Executive (or his estate, as applicable) shall be entitled to Base Salary
through the date of termination. Other benefits shall be determined in accordance with the
terms of the benefit plans maintained by the Company, and the Company shall have no
further obligation hereunder. For purposes of this Agreement,
“Disability” means a physical or mental disability or infirmity of the
Executive, as determined by a physician of recognized standing selected by the Company,
that prevents (or, in the opinion of such physician, is reasonably expected to prevent)
the normal performance of his duties as an employee of the Company for any continuous
period of 180 days, or for 180 days during any one 12-month period. 

        8.        
CONSULTING SERVICES FOLLOWING RETIREMENT 

                In
the event Executive remains continuously in the full time employ of the Company until age
60 or beyond, upon termination of Executive’s employment the Company will enter into
a four-year Consulting Agreement with Executive pursuant to which Executive will receive
$250,000 per year. During the period of consultancy Executive will agree not to compete
with the Company and will agree to provide designated consulting services and appear and
speak at designated corporate events for up to 10 days per year. Executive also will agree
to allow the Company to use his name and image (including filmed segments) in marketing
materials and other corporate publications. 

        9.        
CONFIDENTIALITY; NONCOMPETITION; NONSOLICITATION 

                     9.1.       
          Key-Employee Covenants. The Executive agrees to perform his obligations
          and duties and to be bound by the terms of the Key-Employee Covenants attached
          hereto as Appendix A which are incorporated into this Section 9 by reference,
          and which may be modified from time to time. Sections 7, 9 and 10 of the Key
          Employee Covenants, are hereby replaced and superseded in their entirety by the
          following restrictive covenants set forth in this Section 9. 

7

                 9.2         
        Definitions.  For purposes of this Agreement, the following defined terms shall have the meaning indicated:
“Restricted
Period” shall be the period commencing on the date of this Agreement and continuing
until the expiration of one year following the later of (a) the termination of
Executive’s employment, and (b) the termination of Executive’s consulting
arrangement, if any, as contemplated by Section 8 above; provided, however, that the
Company shall have the right to extend the Restricted Period by an additional one-year
period if it provides written notice of its election to extend such restricted period
within 90 days after termination of employment and agrees to pay Executive 75% of his Base
Salary during such additional period. 

                “Competitive
Business” shall mean (a) Direct Selling, (b) the promotion and/or sale of nutritional
supplements, or (c) any other business engaged in by the Company or its affiliates, or
proposed to be engaged in by the Company or its affiliates at the time of Executive’s
termination of employment or consulting relationship, as the case may be. 

                “Competing
Entity” shall mean any entity or person that is engaged, directly or indirectly, in a
Competitive Business. 

                “Direct
Selling” means (i) the multi-level marketing channel through which products and
services are marketed directly to consumers through a sales force of independent
contractors (including, without limitation, through person to person contact, via the
telephone or through the Internet) who receive rewards or commissions based upon a
compensation plan which contemplates a genealogical sales force of multiple levels, with
such commissions paid for by (A) sales of products and services by such contractor,
and/or (B) sales of products and services by other independent contractors in such
contractor’s genealogical downline, and (ii) a home-based business opportunity
focused on selling products directly to the consumers. 

                “Territory”
shall mean those countries where the Company, or any of its affiliates, engages in
business or sells products or plans to conduct business at the time of the termination of
Executive’s employment or consulting arrangement, as the case may be. 

                 9.3        
         Restricting Solicitation.  Executive agrees that, during the Restricted Period, Executive shall not, directly or
indirectly: (a) solicit, divert, or
take away the distributors of the Company or its affiliates; (b) solicit in any manner
employees or vendors of the Company or its affiliates; or (c) assist any other person or
entity in any manner to do any of the foregoing. 

                9.4        
Against  Competition.  In consideration for the compensation  payable  hereunder,  in particular the retention bonus and
contingent stock, Executive agrees
that, during the Restricted Period, Executive shall not, directly or indirectly, in the
Territory: (i) engage in any Competitive Business; (ii) undertake to plan or organize any
Competing Entity; (iii) become associated or connected in any way with, participate in, be
employed by, render services to, or consult with, any Competing Entity (nor shall
Executive discuss the possibility of employment or other relationship with any Competing
Entity); or (iv) own any direct or indirect interest in any other Competing Entity;
provided, however, this limitation shall not be interpreted as prohibiting the Executive
from investing in a Competing Entity that is a public company so long as such investment
does not exceed 1% of the outstanding securities of such public company and the Employee
discloses in writing to the Company (1) the name of the public company and the number of
shares which he owns, and (2) any material change in his ownership. 

8

                9.5        
         Non-Endorsement.  Executive  shall not in any way,  directly or  indirectly,  at any time during the  Restricted  Period
endorse any Competitive Business or
competing product, promote or speak on behalf of any Competitive Business or competing
product, or allow Employee’s name or likeness to be used in any way to promote any
Competitive Business or competing product. 

                 9.6        
         Cooperation.  Executive agrees that, upon the Company's  reasonable request,  Executive in good faith and using diligent
efforts shall cooperate and assist
the Company in any dispute, controversy or litigation in which the Company may be involved
including, without limitation, Executive’s participation in any court or arbitration
proceedings, the giving of testimony, the signing of affidavits or such other personal
cooperation as counsel for the Company may reasonably request. Such cooperation shall not
be unreasonably burdensome without reasonable compensation. 

                9.7        
         Reformation.  The Company  intends to restrict  the  activities  of  Executive  under this  Section 9 only to the extent
necessary for the protection of the
legitimate business interests of the Company. It is the intention and agreement of the
parties that all of the terms and conditions hereof be enforced to the fullest extent
permitted by law. In the event that the provisions of this Section 9 should ever be deemed
or adjudged by a court of competent jurisdiction to exceed the time or geographical
limitations permitted by applicable law, then such provisions shall nevertheless be valid
and enforceable to the extent necessary for such protection as determined by such court,
and such provisions will be reformed to the maximum time or geographic limitations as
determined by such court. 

                 9.8        
         Acknowledgement.  Executive  acknowledges  that his or her  position as  President  of the  Pharmanex  division and work
activities with the Company are
“key” and vital to the on-going success of Company’s operation in each
product category and in each geographic location in which Company operates. In addition,
Executive acknowledges that his or her employment or involvement with any other
Competitive Entity in particular would create the impression that Executive has left the
Company for a “better opportunity,” which could damage Company by this
perception in the minds of Company’s independent distributors. Therefore, Executive
acknowledges that his non-solicitation, non-endorsement, and non-competition covenants
hereunder are fair and reasonable and should be construed to apply to the fullest extent
possible by applicable laws. Executive has carefully read this Agreement, has consulted
with independent legal counsel to the extent Executive deems appropriate, and has given
careful consideration to the restraints imposed by the Agreement. Executive acknowledges
that the terms of this Agreement are enforceable regardless of the manner in which
Executive’s employment is terminated, whether voluntary or involuntary. 

9

        10.        
ARBITRATION 

                Any dispute
or controversy arising under or in connection with this Agreement that cannot be mutually
resolved by the parties hereto shall be settled exclusively by arbitration pursuant to the
rules of the American Arbitration Association in Salt Lake City, Utah before three
arbitrators of exemplary qualifications and stature. Each party hereto shall choose an
independent arbitrator meeting such qualifications within ten (10) business days after
demand for arbitration is made and such independent arbitrators shall mutually agree as to
the third arbitrator meeting such qualifications within twenty (20) business days after
demand for arbitration is made. If such arbitrators cannot come to an agreement as to the
third arbitrator by such date, the American Arbitration Association shall appoint the
third arbitrator in accordance with its rules and the qualification requirements set forth
in this section. Judgment may be entered on the arbitrator’s award in any court
having jurisdiction. The parties hereby agree that the arbitrators shall be empowered to
enter an equitable decree mandating specific enforcement of the terms of this Agreement.
The party that prevails in any arbitration hereunder shall be reimbursed by the other
party hereto for any reasonable legal fees and out-of-pocket expenses directly
attributable to such arbitration, and such other party shall bear all expenses of the
arbitrators. Upon the request of a party, the arbitration award shall specify the factual
and legal basis for the award. 

        11.        
MISCELLANEOUS 

                     11.1.       
          Communications. All notices and other communications given or made
          pursuant hereto shall be in writing and shall be deemed to have been duly given
          or made as of the date delivered or on the fifth business day after mailed if
          delivered personally or mailed by registered or certified mail (postage prepaid,
          return receipt requested) to the party at the following addresses (or at such
          other address for a party as shall be specified by like notice, except that
          notices of changes of address shall be effective upon receipt): 

                     (a)       
          if to the Company: 

	  	
c/o Nu Skin Enterprises, Inc. 

75 West Center Street

 Provo, Utah 84601

 Tel: (801) 345-5000

 Fax:(801) 345-3899

 Attention: Truman Hunt, Esq. 

                     (b)       
          if to the Executive: 

	  	
                    
                      
          

                    
                      
          

                     
                      
          

10

                     11.2.       
          Waiver of Breach; Severability. (a) The waiver by the Executive or the
          Company of a breach of any provision of this Agreement by the other party hereto
          shall not operate or be construed as a waiver or any subsequent breach by either
          party. 

                     (b)       
          The parties hereto recognize that the laws and public policies of various
          jurisdictions may differ as to the validity and enforceability of covenants
          similar to those set forth herein. It is the intention of the parties that the
          provisions hereof be enforced to the fullest extent permissible under the laws
          and policies of each jurisdiction in which enforcement may be sought, and that
          the unenforceability (or the modification to conform to such laws or policies)
          of any provisions hereof shall not render unenforceable, or impair, the
          remainder of the provisions hereof. Accordingly, if at the time of enforcement
          of any provision hereof, a court of competent jurisdiction holds that the
          restrictions stated herein are unreasonable under circumstances then existing,
          the parties hereto agree that the maximum period, scope, or geographic area
          reasonable under such circumstances will be substituted for the stated period,
          scope or geographical area and that such court shall be allowed to revise the
          restrictions contained herein to cover the maximum period, scope and
          geographical area permitted by law. 

                 11.3        
Compliance with IRC Section 409A.  Notwithstanding anything herein to the contrary, (i) if at the time of Executive's
termination of employment with the
Company Executive is a “specified employee” as defined in Section 409A of the
Internal Revenue Code of 1986, as amended (the “Code”) and the deferral of the
commencement of any payments or benefits otherwise payable hereunder as a result of such
termination of employment is necessary in order to prevent any accelerated or additional
tax under Section 409A of the Code, then the Company will defer the commencement of the
payment of any such payments or benefits hereunder (without any reduction in such payments
or benefits ultimately paid or provided to Executive) until the date that is six months
following Executive’s termination of employment with the Company (or the earliest
date as is permitted under Section 409A of the Code) and (ii) if any other payments of
money or other benefits due to Executive hereunder could cause the application of an
accelerated or additional tax under Section 409A of the Code, such payments or other
benefits shall be deferred if deferral will make such payment or other benefits compliant
under Section 409A of the Code, or otherwise such payment or other benefits shall be
restructured, to the extent possible, in a manner, determined by the Board, that does not
cause such an accelerated or additional tax. 

                     11.4.        
          Assignment; Successors. No right, benefit or interest hereunder shall be
          assigned, encumbered, charged, pledged, hypothecated or be subject to any setoff
          or recoupment by the Executive. This Agreement shall inure to the benefit of and
          be binding upon the successors and assigns of the Company; provided, however,
          that the Company may not assign this Agreement without Executive’s consent. 

                     11.5.       
          Entire Agreement. This Agreement and the Appendices attached hereto,
          which are incorporated herein by this reference, contain the entire agreement of
          the parties with respect to the subject matter hereof, and on and after the
          Effective Time, and except as otherwise set forth herein, supersedes all prior
          agreements, promises, covenants, arrangements, communications, representations
          and warranties between them, whether written or oral, with respect to the
          subject matter hereof. 

11

                     11.6.       
          Withholding. The payment of any amount pursuant to this Agreement shall
          be subject to applicable withholding and payroll taxes, and such other
          deductions as may be required under the Company’s employee benefit plans,
          if any. 

                     11.7.       
          Governing Law. This Agreement shall be governed by, and construed with,
          the law of the State of Utah. 

                     11.8.       
          Headings. The headings in this Agreement are for convenience only and
          shall not be used to interpret or construe any of its provisions. 

                     11.9.       
          Counterparts. This Agreement may be executed in two or more counterparts,
          each of which shall be deemed an original but all of which together shall
          constitute one and the same instrument. 

12

IN WITNESS WHEREOF, the Company has
caused this Agreement to be duly executed and the Executive has hereunto set his hand, on
the day and year first above written. 

	  	
NU SKIN ENTERPRISES, INC.

By:    /s/ Truman Hunt

         Name:  Truman Hunt

         Title:    Chief Operating Officer

/s/ Joseph Y. Chang
Joseph Y. Chang

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