Supplemental Employment Agreement between Tianjin Yayi Industrial Co., Ltd. and Li Liu
This agreement, effective June 1, 2010, is between Tianjin Yayi Industrial Co., Ltd. and Li Liu. It sets an annual pre-tax salary of RMB 510,000, paid monthly at RMB 42,500. Salary is paid on the 18th of each month for the previous month, or the next working day if the 18th is a holiday. The company may adjust the salary annually with approval from the Board of Directors of Yayi International Inc.
Exhibit 10.3
English Translation of Supplemental Employment Agreement
Effective as of June 1, 2010, Tianjin Yayi Industrial Co., Ltd. (the "Company") hereby agrees to pay the undersigned an annual salary of RMB 510,000 (pre tax) which will be paid on a monthly basis. As a result, the monthly salary is RMB 42,500. On the 18th day of each month, the Company will pay the salary for the month before. If such date falls into a national holiday, such payment shall be made on the first working date after such holiday.
Based on annual review, the Company may adjust the compensation for the undersigned from time to time upon the approval of the Board of Directors of Yayi International Inc.
/s/ Li Liu | Tianjin Yayi Industrial Co., Ltd. |
Li Liu | (Seal) |