Document:

Yayi International Inc.: Exhibit 10.48 - Filed by newsfilecorp.com

Exhibit 10.48

Form of 
Meikegaote Goat Milk Formula Distribution
Agreement
(English Translation)

Party A: Tianjin Yayi Industrial Co., Ltd.

Address: Suite C, 4/F, Block D1, Xinmao Science and Technology
Park, 16 Rongyuan Road, Huayuan Industrial Park, Nankai District, Tianjin,
China. Zip Code: 300384 

	Tel: 86-22-27984033 	Fax: 86-22-2798933 	Email: CHINAMILKGOAT@163.COM

Contact Person:

Party B (Distributor):

Address:

	Tel: 	Fax:	Email:

Contact Person:

In accordance with the Contract Law of the People’s Republic of
China, Party A and Party B enter into this agreement (this “Agreement”)
regarding the distribution of Meikegaote Goat Milk Formula (the “Products”) by
Party B based on the principles of equality, mutual benefits and development
through friendly consultation. 

This Agreement is executed into four copies, which shall become
effective upon signing by each party.

Party B shall pay __________as a deposit within 7 days after
the date of this Agreement. If Party B fails to make such payment, this
Agreement shall be voided. In the event of termination of this Agreement, Party
A shall return the full amount of the deposit, provided that Party B has not
breached this Agreement. 

	1. 	
      Authorization:

	
  Party A
  authorizes Party B as Meikegaote Goat Milk Formula Distributor at the
  geographic area of ____________.

	
  Party B shall
  present to Party A the original copies of “Business License”, “Sanitation
  License” and “Tax Registration Certificate” and photocopies of each such
  license and certificate with Party B’s official seals and the copies of ID of
  Party B’s legal representative.

	2. 	
      Term of Authorization

	
  The authorized distribution term is
      one year. 

	
  From January 1, 2010 to
      December 31, 2010. 

	3. 	Scope of Authorization: 
			
	 	1) 	During the term of this Agreement, Party B
      possesses the exclusive sales & marketing rights in the authorized
      geographic area. Party B may not sell the Products in other areas without
      Party A’s prior consent. 
			
	 	2) 	During the term of this Agreement, Party B has
      the sales & marketing rights in _________________(sales channels) in
      the authorized geographic area. Party B may not sell and market the
      Products through other channels without Party A’s prior consent. Party A
      is entitled to deduct from the deposit or reduce the annual rebate for
      Party B’s violation of this provision. 
			
	 	3) 	In the event that sub-distributors of Party B
      violate Section 3(2), Party B shall be responsible and Party A is
      entitled to deduct from the deposit or reduce the annual rebate for Party
      B’s violation of this provision. 

	4. 	Pricing System 
	 	 	 
	 	1) 	The Products are subject to the national retail
      price, distributor CIF, supermarket price and infant-maternity store
      price. 
	 	 	 
	 	2) 	The price quote is determined by Party A and
      reflected on the price quote list with Party A’s company seal. Party A
      shall give a 30-day notice to Party B in the event of price adjustment.
      Party B shall implement the new price according to Party A’s instructions.
  
	 	 	 
	 	3) 	Party A is entitled to intervene and
      penalize Party B for its failure to comply with the national retail price.
    

	5. 	Termination of Authorization
    
	 	 	 
	 	1. 	This Agreement and the authorization hereunder
      shall be terminated upon the expiration of this Agreement. If Party B has
      met the sales target (including sales volume and marketing coverage) as
      requested and sold the Products in the agreed area at the agreed price,
      Party B has the right of first refusal with respect to the next year
      distributorship. 
	 	 	 
	 	2. 	During the term of authorization, Party
      A has the right to terminate authorization as any of the following occurs:
    

	
  Party B fails to make the payment of the deposit or wire the order price
  to Party A’s account within 7 days after the date of this Agreement;
  

	
  Party B has failed to follow Party A’s instructions regarding the
  timeline, the amount of retailer stores, requested SKU amount and store
  display standards to sell the Products;
  

	
  Party B has not reached the sale target three months in a row after the
  execution of this Agreement;
  

	
  Party B sells the Products out of the authorized geographic area;
  

	
  Party B sells and markets products that are competing with the Products;
  

	
  Party B takes any activities that may harm Party A’s brand reputation.
  

	6. 	Required Sales Volume 
	 	 
	  	1) Allocation 
	 	 
	  	During the term of this Agreement, Party
      A shall order a total of ________________boxes of the Products annually,
      as follows: 
	  	 

	Month 	Jan. 	Feb. 	Mar. 	Apr. 	May 	Jun. 	Jul. 	Aug. 	Sep. 	Oct. 	Nov. 	Dec. 
	Box 	  	  	  	  	  	  	  	  	  	  	  	  

 	  	2) Party B’s first
      order shall not be less than _______________boxes (no less than
      _________________SKUs). From the second order, it shall not be less than
      _____________ boxes for each order; otherwise, Party B shall be responsible for the shipping costs.  

7. Party A Support 

1) Annual Rebate 

	
If Party B reaches the annual required sales target of boxes, it is entitled to receive % annual rebate. 

  
	
If Party B exceeds the annual required sales target of
_____boxes, the amount exceeds the target will be entitled with a %
rebate. 

  

Notes: Party B will be entitled to receive annual rebates only
if there is no overdue payment, no violation of agreed market price and agreed
sales territory of Party B. 

2) Marketing Expense 

	
Party A shall be responsible for certain marketing expenses,
including Party B’s slotting fee, store management fee, expenses relating to
promotion activities, advertisement, products display and other decoration. 

  
	
The expenses above shall not be incurred until confirmed in a
written form by both parties. Any incurrence of expenses without both parties’
written agreement will be invalid. 

  
	
Marketing expenses shall be paid to Party B monthly in a form
of extra products.

  

3) Offsetting Expense by Products 

	
The advance paid by the distributors to be offset with
products shall be recorded as company returns and rebates. Bonus shall not be
accounted as returns or rebates. 

  

4) Gifts with Goods 

	
When deliver goods to Party B according to its orders each
month, Party A shall include a certain amount of promotional gifts with other
goods and deliver them to Party B’s warehouse. 

  
	
Party B shall distribute the gifts in an amount to each of
the terminal stores according to Party A’s requirement. If any terminal store
does not receive the same amount of gifts as Party A requested, Party A has the
right to refuse to provide or reduce the amount of promotional gifts from Party
B’s next order. 

  
	
Party A shall notify Party B each month with respect to the
amount and type of promotional gifts. Party A has the right to provide other
types of gifts if there is a shortage of one certain type of gift. Party B has
the right to request Party A to provide the agreed amount of gifts if Party A
fails to provide and shall be provided at the next order of Party B. 

  

5) Providing Promotional & Advertising Material 

	
Party A shall provide certain amount of promotional and
advertising materials along with Party B’s orders (including but not limited to,
advertising brochures, advertising leaflet, posts, umbrellas, and promotion
booth.) 

  
	
The category and volume of promotional & advertising
materials shall be determined mutually by the parties in a written form. 

  
	
In a normal circumstance, the promotional & advertising
materials shall be delivered to Party B’s warehouse quarterly. In special
circumstances, Party B may request for earlier delivery upon Party A’s approval.

  

6) Professional Training and Lecture Support 

	
Party A may assist in Party B’s lecture and trading
activities. 

  
	
Party A may provide training to salespersons and other staff
of Party B. 

  

8. Transaction:

1) Order 

	

Party B shall make orders by the 25th day each month
(including products list, specification, volume and others). Party A shall
notify Party B on its order before the 1st day of the next month.
Party B shall confirm its order in a written form with payment within 3 days
after receiving Party A’s notice. In usual circumstances, Party B shall make
monthly orders during this time period. 

  
	
If Party B places the order and makes the payment one month
before the due date, Party A shall provide additional ___% of the amount of
Products ordered as bonus and deliver them to Party B with the order. 

  
	
Party B shall provide signed order list with company seal each
time and Party A shall deliver the goods upon receiving fax or electronically
scanned documents of the order list. 

  

2) Goods Inspection: 

	
Party A shall guarantee to provide qualified Products to Party
B with complete package. 

  
	
Party B has the obligation to inspect the goods based on Party
A’s shipping list. If there is any loss or damage, Party B shall request
evidence from the shipping company upon receipt and notify Party A immediately
and provide written notice within 4 hours after the delivery. Party A shall
provide additional goods upon receiving notice and evidence. 

  
	
Party B shall inspect the goods upon receiving from the
shipping company and confirm the delivery of the goods by signing on the
shipping list and notify Party A in a written form. 

  
	
In the event that the loss or damage is caused by the shipping
company and Party B fails to notify Party A within 4 hours,
Party B should ask the shipping company for compensation. Otherwise, Party B should bear it
on its own. 

  
	
In the circumstance that Party B does not provide a written
notification with 4 hours after the delivery, it shall be deemed that Party B
has accepted the goods without question. 

  

3) Delivering Location: 

	
Party B’s specific delivery location is set forth in this
Agreement which is the sole delivery location. 

  

4) Exchange and Refund: 

	
Party B may request for exchange or refund if there is any
quality issue confirmed by competent national inspection authority or upon Party
A’s consent. Party A shall be responsible for any shipping costs relating to the
exchange of goods. 

  
	
In the circumstance that any governmental authority requests
for exchange or refund due to a food safety incident not caused by Party A’s
goods, Party B may request Party A to complete the exchange within 6 months.

  
	
Other than the above situations, Party B may not request for
exchange or refund. However, Party A shall provide one additional box of goods
for every ____ boxes of goods shipped to Party B. 

  

5) Inventory: 

	
Any damages take place when the goods are stored in Party B’s
warehouse or other places under Party B’s possession, Party B will be
responsible for such damage or loss. 

  

9. Responsibilities and Rights 

1. Party A’s Responsibilities 

	
Assisting Party B in marketing and selling the Products within
the authorized areas through authorized channels. 

  
	
Ensuring that the quality and the packing of Products meet the
requirements of the national standards. Providing the qualified Products with
complete package and all necessary materials and products inspection reports for
Party B’s distribution of the Products. 

  
	
Determining marketing and promotion strategies of the Products
with Party B. Providing promotional and advertising materials to Party B. 

  

	
Assisting Party B in dealing with inspections from governmental
authorities and customer complaints in the area where Party B distributes the
Products. 

  
	
Paying the rebates, bonus and marketing expenses to Party B
timely and in a way according to this Agreement. 

  

2. Party A’s Rights 

	
In the circumstance that Party A suffers loss in its reputation
and economically due to Party B’s violation of this Agreement, Party A has the
right to unilaterally terminate this Agreement on the date when it suffers such
loss. Party B shall be responsible for all the legal consequences and economic
losses arisen from such termination. 

  

3. Party B’s Responsibilities 

	
Party B shall display the Products at the time and agreed sales
site according to Party A’s request and the display area shall be no less than
____ m2.

  
	
Shall maintain Party A’s product image and goodwill
consciously, sell the Products in compliance with Party A’s advertising
requirements (including but not limited to, words, pictures, image, advertising
materials, display requirements, and store declaration). Party B has the
responsibility to keep materials or information provided by Party A
confidentially. 

  
	
Party B undertakes the obligation of resolve the problems
arisen from related governmental inspection, customer complains in Party B’s
sales channel. 

  
	
Party B has the responsibility to provide customer information
with respect to inventory, sales volume and sub-distributors to Party A. 

  
	
Party B has the obligation to provide qualification
certificates with respect to industry and commerce, tax, sanitation licenses to
Party A. 

  

4. Party B’s Rights 

	
Party B has the rights to receive rebates when it meets the
sales target as parties agreed. 

  
	
Party B has the right of first refusal to renew the
distribution agreement if it meets the requirements under this Agreement. 

  
	
Party B has the right for goods compensation pursuant to this
Agreement. 

  
	
Party B has the right to request the payment of bonus by Party
A according to this Agreement. 

  

10. Liability Exemption 

In the circumstance that both parties cannot perform the agreed
responsibilities under this Agreement due to a force majeure event, both parties
shall negotiate to resolve the relevant problems. The parties shall provide
notices to each other promptly and present the force majeure event certification
from competent authority within 15 days. After receiving the application for
postpone of performance, partial performance or non-performance, depending on
the situation of the force majeure event, both parties shall negotiate to
determine such matters. 

11. Liability for Breach of Contract 

Both parties shall perform their own obligations under this
Agreement. Any party who breaches this Agreement shall be responsible for the
damage suffered by the non-breaching party. The Parties shall solve disputes
through friendly consultation. 

If no resolution can be reached through consultation, the
parties shall submit the dispute to the court where

Party A is located under the Contract Law of the People’s
Republic of China.

	12. 	
      Agreement:

		
	13. 	
      Party B’s Place of Delivery: 
      _______________________

		Contact Number:  _______________________________
		Contact Address:_______________________________
		Postal Code: ___________________________________
		Authorized Signature:____________________________
		
      Notes: If there is any change to the information above,
      Party B shall give a 7-day written notice to Party A

		
	14. 	
      This Agreement is executed with two copies and each party
      holds one copy. The appendix is an integral party of this Agreement with
      the same legal force.

	Party A: Tianjin Yayi Industrial Co. Ltd. 	Party B: 
	Legal Representative: 	Legal Representative: 
	Authorized Person:: 	Authorized Person: 
	Address: 	Address: 
	Tel: 	Tel: 
	Fax: 	Fax: 
	Date: 	Date:Yayi International Inc.: Exhibit 10.49 - Filed by newsfilecorp.com

Exhibit 10.49

Form of Supplemental Agreement to the Meikegaote Goat Milk
Formula 

Distribution Agreement 
(English Translation)

Party A: Tianjin Yayi Industrial Co., Ltd.

Party B:

Based on the principles of equality, mutual benefits, fairness
and good faith, the parties reach the following supplemental agreement (this
“Agreement”) to the Meikegaote Goat Milk Formula Distribution Agreement (the
“Distribution Agreement”) for 2010: 

1. Add the following provision to the end of Section 7 (2) of the
Distribution Agreement:

Party A shall be entitled to any and all of the rights arising
from the payment of such marketing expenses, including but not limited to,
barcode fees, in-store promotion personnel management fees, promotion personnel
salaries and uniform allowance, third-party DM poster fees, third-party store
charges, store promotional advertisement, division displaying, and decoration
related to the products in the store. If Party B ceases to conduct business with
the retail outlet that it develops, such sales channel shall be owned by Party A
and Party B shall assign its rights with respect to this retail outlet to a new
distributor designated by Party A. 

2. Other issues not covered under this Agreement shall be
governed by the terms and provisions of the Distribution Agreement. 

3. This Agreement has the same legal force as the Distribution
Agreement. This Agreement is executed in two copies and each party holds one.
This Agreement becomes effective upon the execution of both parties. 

4. The term of this Agreement is the same as the
Distribution Agreement.

Party A: Tianjin Yayi Industrial Co., Ltd.

Party B:

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