SETTLEMENT AND RELEASE AGREEMENT

        THIS SETTLEMENT AND RELEASE AGREEMENT is entered into in Provo, Utah, by and between Nu Skin International, Inc.,75 West Center Street, Provo, Utah 84601, and Robert Conlee.

         Parties

    1.        Nu Skin . As used herein, Nu Skin shall mean and refer to Nu Skin International, Inc., or any affiliate of Nu Skin International, Inc. Affiliate means any person or entity that controls, is controlled by or is under common control with Nu Skin International, Inc., including, without limitations, any direct or indirect parent or subsidiary of Nu Skin International, Inc., or any officer, director, shareholder, employee, or agent of Nu Skin International, Inc., or of any parent or subsidiary of Nu Skin International, Inc.

    2.        Employee . As used herein, Employee shall mean and refer to Robert Conlee.

Background

        Employee was hired on December 12, 1991 and has been an at-will employee of Nu Skin since that date. On July 4, 2007, the relationship ended. As Employee and Nu Skin sever their employment relationship, they mutually agree it is in the best interests of both to enter into a mutual understanding, settle and compromise of all claims and disputes, if any, between them.

Agreement

        Now, therefore, in consideration of the foregoing, the mutual promises and covenants set forth herein, and for other good and valuable consideration, the receipt, adequacy, and legal sufficiency of which are hereby acknowledged, the parties mutually agree as follows:

    1.        Upon the effective date of this Agreement, Nu Skin agrees to pay Employee a severance payment of $300,962, less federal and state withholding taxes and other applicable deductions made up of (a) Vesting Employee’s Deferred Compensation in the amount of $187,515 with payout as elected and (b) a lump sum cash payout of $113,447. Nu Skin shall reimburse claims within thirty (30) days made against Employee’s Cafeteria Plan account for Employee’s period of employment.

    2.        In consideration for the amounts and statements set forth in Paragraph 1 hereof, Employee, all persons and entities claiming by, through, or under Employee, hereby completely releases Nu Skin from all claims, charges, demands, grievances, and/or causes of action which Employee had, has, or may claim to have based on, arising from, or relating to Employee’s employment with Nu Skin or the termination thereof, including, without limitation, any claims, charges, demands, grievances, and/or causes of action under:

    (a)        Title VII of the Civil Rights Acts of 1964 and 1991, as amended, which prohibit discrimination on the basis of race, color, sex, religion, or national origin;

    (b)        Section 1981 of the Civil Rights Act of 1866, which prohibits discrimination on the basis of race;

    (c)        The Employee Retirement Income Security Act as of the effective date of this Agreement;

    (d)        any state laws against discrimination;

    (e)        any other federal, state, or local statute or common law relating to employment; or

        The foregoing release also includes, without limitation, release of any claims for wrongful discharge, breach of express or implied contract of employment, employment-related torts, personal injury (whether physical or mental), or any other claims in any way related to Employee’s employment with or separation from Nu Skin. Employee acknowledges and agrees that Employee has not been discriminated against in any manner prohibited by law during Employee’s employment with Nu Skin or with regard to Employee’s separation from employment with Nu Skin.

        Notwithstanding the foregoing, Employee does not waive any rights to unemployment insurance benefits or worker’s compensation benefits. Employee further understands that nothing in this Paragraph 2 prohibits Employee from paying COBRA premiums to maintain Employee’s participation in Nu Skin’s group health plan to the extent allowed by law and subject to the terms, conditions, and limitations set forth in Nu Skin’s group health plan.

        Employee will continue to be covered by Nu Skin’s medical and dental benefits through the last day of the month in which the employment terminates. Except as expressly set forth herein, all employee benefits available to Employee under current policies of Nu Skin will cease at 11:59 p.m. on July 31, 2007.

    3.        Employee acknowledges that Employee is waiving and releasing any rights Employee may have u