Ryu Apparel Inc. – June 7, 2013 Dear Jim: It Is My Pleasure to Extend the Following Offer of Employment to You on Behalf of Respect Your Universe, Inc. ("RYU"). Title: Chief Financial Officer Reporting Relationship: The Position Will Report To: Craig Brod, Ph.D. Job Description and Goals or Objectives: Financial Management of Company to Be Specified in an Employment Agreement. Base Salary: $150,000 on an Annual Basis, Subject to Deductions for Taxes and Other Withholdings as Required by Law or the Policies of RYU. Deferred Compensation: $30,000 Payable Annually on January 31, Subject to Deductions for Taxes and (April 29th, 2014)
Expenses and Technology: Normal and reasonable expenses will be reimbursed on a monthly basis per company policy and upon completion of the appropriate expense request form. RYU will provide you with a computer, iphone, and other tools of your choice, necessary to perform your job responsibilities.