HERBALIFE LTD.
2004 STOCK INCENTIVE PLAN

AMENDMENT TO THE STOCK OPTION AGREEMENT

This Amendment to the Stock Option Agreement (the “Amendment”) is made as of
October 24, 2006, by and between Herbalife Ltd. (the “Company”), and Richard P.
Goudis (the “Executive”), and will be effective.

WHEREAS, the Company and the Executive and are parties to that certain Stock
Option Agreement dated December 1, 2004 (the “Agreement”);

WHEREAS, Section 17 of the Herbalife Ltd. 2004 Stock Incentive Plan (the “Plan”)
provides that the Board of Directors of the Company (the “Board”) may amend the
Plan and/or the terms of any award agreement entered into under the Plan at any
time and from time to time;

WHEREAS, the Board wishes to amend the terms of the Agreement as set forth
herein.

NOW, THEREFORE, in consideration of the foregoing, the Company and the Executive
agree that the Agreement is hereby amended effective as of October 24, 2006 as
follows:

1. Paragraph 2(b) of the Agreement is hereby renumbered Paragraph 2(e) and the
following new Paragraphs 2(b), (c) and (d) are hereby added to the Agreement:

“(b) Notwithstanding anything herein or in the Plan to the contrary, upon the
occurrence of a Change of Control, the vesting of the Option shall be
accelerated such that 50% of the then unvested portion of the Option shall
become vested and exercisable as of the date of the Change in Control.

(c) Notwithstanding anything herein or in the Plan to the contrary:

(i) in the event that, (x) within the 90-day period immediately preceding a
Change in Control or (y) at any time following a Change of Control, the
Optiontee’s employment with the Company and its Subsidiaries (or their
respective successors) is terminated for any reason other than by reason of the
Optionee’s resignation or a termination for Cause (as defined below), the Option
shall become immediately and fully vested and exercisable; and

(ii) in the event of the Optionee’s death or disability (as such term is defined
in Section 22(e) of the Code), the Option shall become immediately and fully
vested and exercisable.

(d) Notwithstanding anything in this Agreement or the Plan to the contrary,
except as set forth in Paragraph 2(c)(i), in the event that the Optionee’s
employment with the Company and its Subsidiaries is terminated by the Company
without Cause, and at the time of such termination of employment, Michael O.
Johnson is no longer serving as Chief Executive Officer of the Company, the
vesting of the Option shall be accelerated such that 50% of the then unvested
portion of the Option shall become vested and exercisable as of immediately
prior to such termination of employment.”

2. Except as modified hereby, the Agreement, shall remain in full force and
effect and unmodified.

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the
date first above written.

     
/s/ Richard P. Goudis
Richard P. Goudis
  HERBALIFE LTD.
By: /s/ Michael O. Johnson
Name: Michael O. Johnson
Title: Chief Executive Officer

Rich Amendment for December 2004 Stock Option (3).DOC