Document:

Exhibit 10.3

 

WRITTEN CONSENT AND WAIVER 

 

THIS WRITTEN
CONSENT AND WAIVER is dated as of August 17, 2005 (this “Consent and
Waiver”), is made by Capital Resource Partners IV, L.P., a Delaware limited
partnership (“CRP”) and delivered to SoftBrands, Inc., a Delaware
corporation (the “Company”), pursuant to the terms of the CRP Purchase
Agreement, Series B Certificate of Designations and the Series B
Warrants, each as defined below.

 

W I  T  N  E  S  S
E  T  H

 

WHEREAS,
pursuant to that certain Senior Subordinated Secured Note and Warrant Purchase
Agreement, dated as of November 26, 2002, as amended by Amendment Number
1, Amendment Number 2, Amendment Number 3 and Amendment Number 4 thereto,
between the Company and CRP (the “CRP Purchase Agreement”), CRP is the
holder of (i) all of the outstanding shares of Series B Convertible
Preferred Stock, par value $0.01 per share (the “Series B Preferred
Stock”), of the Company and (ii) warrants to purchase an aggregate of
4,016,518 shares of common stock of the Company (the “Series B Warrants”);

 

WHEREAS, the
rights, privileges and powers of the holders of Series B Preferred Stock
are governed by the Series B Convertible Preferred Stock Certificate of
Designations, dated as of August 18, 2004 (the “Series B
Certificate of Designations”);

 

WHEREAS, to
facilitate the issuance and sale of its Series C Convertible Preferred
Stock and warrants to purchase shares of Common Stock (the “Series C
Warrants” and, together with the Series C Convertible Preferred Stock,
the “Series C Securities”) to ABRY Mezzanine Partners, L.P., a
Delaware limited partnership, ABRY Investment Partnership, L.P., a Delaware
limited partnership (together, the “ABRY Purchasers”) and CRP pursuant
to the Series C Convertible Preferred Stock and Warrant Purchase Agreement,
dated as of the date hereof (the “Series C Purchase Agreement”),
the Company desires to obtain the waiver by CRP as the holder of Series B
Preferred Stock of certain notice requirements and consent rights set forth in
the CRP Purchase Agreement, Series B Certificate of Designations, Series B
Warrants and the other documents executed in connection therewith
(collectively, the “Series B Governing Documents”);

 

WHEREAS, CRP
has agreed to waive all of its rights to purchase New Securities (as defined in
the CRP Purchase Agreement) under Section 3.07 of the CRP Purchase
Agreement because it is entering into the Series C Purchase Agreement
simultaneously herewith purchasing the Series C Securities;

 

WHEREAS,
pursuant to Section 4 of the Series B Certificate of
Designations, the Company is required to obtain the consent of a majority of
the holders of the Series B Preferred Stock to, among other things, (i) amend
or supplement any provision of the Certificate of Incorporation which impairs
or adversely effects the specified rights, preferences, priorities, privileges,
powers or other rights of the holders of Series B Preferred Stock and (ii) create
certain additional classes or series of shares of stock;

 

 

WHEREAS,
pursuant to Section 7.02(u) of the CRP Purchase Agreement, the
Company is required to obtain the written consent of CRP in order to amend the
Rights Plan (as defined in the CRP Purchase Agreement);

 

WHEREAS,
pursuant to Section 8 of the Series B Warrants, the Company is
required to provide written notice to the holders of the Series B Warrants
at least 20 days prior to taking certain corporate actions; and

 

WHEREAS, CRP
is willing to provide all such consents and/or waivers which may be required
under the Series B Governing Documents in connection with the issuance of
the Series C Securities, upon the terms and subject to the conditions set
forth below.

 

NOW,
THEREFORE, the parties hereto hereby agree as follows:

 

CRP hereby
consents to the Company’s execution and delivery of the Series C Purchase
Agreement and the Related Documents (as defined in the Series C Purchase
Agreement) and the consummation of the transactions contemplated thereby and
waives the following rights and notice requirements with respect thereto under
the Series B Governing Documents:

 

1.               Series B
Warrantholder Waiver of Notice.  CRP
hereby waives the right to receive notice required by Section 8(d) of
the Series B Warrants with respect to any of the actions taken by the
Company in connection with the issuance by the Company of the Series C
Securities to the Purchasers (as defined in the Series C Purchase
Agreement).

 

2.               Amendment
to Certificate of Incorporation.  CRP
hereby consents, as required by Section 4 of the Series B
Certificate of Designations, to the filing of the Company’s Series C
Certificate of Designations which Series C Certificate of Designations,
CRP hereby acknowledges and agrees, provides for the issuance of Series C
Preferred Stock which shall be pari passu with the Series B Preferred
Stock upon any liquidation, dissolution or winding up of the Corporation.

 

3.               Waiver
of Right to Purchase New Securities. 
CRP hereby waives, or agrees that it has fulfilled through its purchase
of Series C Preferred Stock, its right to purchase New Securities under Section 3.07
of the CRP Purchase Agreement in connection with the issuance by the Company of
the Series C Securities.

 

4.               Amendment
to Rights Plan.  CRP hereby consents,
in connection with the issuance by the Company of the Series C Securities,
to the amendment to the Rights Plan as required by Section 7.02(l)
of the CRP Purchase Agreement.

 

5.               Binding
Nature and Benefit.  This Consent and
Waiver shall be binding upon and inure to the benefit of each party hereto and
their respective successors and assigns.

 

6.               Signatures.  Delivery of an executed signature page of
this Consent and Waiver (which may be by electronic facsimile transmission)
shall be effective as delivery of a manually executed counterpart hereof.

 

2

 

7.               GOVERNING
LAW.  THIS CONSENT AND WAIVER SHALL
BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK.

 

IN WITNESS
WHEREOF, the party hereto has caused this Consent and Waiver to be duly
executed and delivered by its proper and duly authorized officers as of the day
and year first above written.

 

	
   

  	
  CAPITAL
  RESOURCE PARTNERS, L.P.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  CRP Partners
  IV, LLC, its general partner

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Robert
  Ammerman

  	
   

  
	
   

  	
   

  	
  Name: 

  	
  Robert
  Ammerman

  
	
   

  	
   

  	
  Title:

  	
  Managing
  Member

  
						

 

In consideration of the foregoing waiver and consent
and all other closing fees (other than fees of counsel), the Company agrees to
pay to Capital Resource Management, Inc. a fee of $215,000 if
closing.  Such fee is in addition to the
redemption premium payable pursuant to Section 2.06(d) of the CRP
Purchase Agreement.  Further, the Company
acknowledges and agrees with CRP that Sections 7.01(j) and (k) of the CRP
Purchase Agreement shall terminate only at such time as CRP ceases to hold at
least 20% of the Warrants or underlying Warrant Shares, and the CRP Purchase
Agreement shall be deemed to be amended to so provide.

 

 

	
   

  	
  SOFTBRANDS,
  INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David G.
  Latzke

  	
   

  
	
   

  	
    David
  G. Latzke, Senior Vice President,

  
	
   

  	
    Chief
  Financial Officer and Secretary

  

 

3Exhibit
10.1

 

SECOND
AMENDMENT

 

SECOND AMENDMENT dated as
of August 19, 2005 (“Amendment”), among Herbalife International, Inc.,
a Nevada corporation (the “Borrower”), the Guarantors identified as such
on the signature pages hereto (collectively, the “Guarantors”), the
Lenders identified as such on the signature pages hereto (the “Lenders”)
and Morgan Stanley Senior Funding, Inc., as administrative agent (in such
capacity, the “Administrative Agent”), to that certain Credit Agreement,
dated as of December 21, 2004 (as amended by the First Amendment dated as
of April 12, 2005, the “Credit Agreement”), among the Borrower, the
Guarantors, the Lenders party thereto from time to time, Morgan Stanley &
Co. Incorporated, as Collateral Agent, the joint lead arrangers, bookrunners
and other agents identified therein and the Administrative Agent.

 

W I T N E S S E T H :

 

WHEREAS, the Borrower has
requested that the Lenders and the Administrative Agent amend the Credit
Agreement in the manner set forth herein.

 

NOW, THEREFORE, the
parties hereto hereby agree as follows:

 

1.  Defined Terms.  Terms defined in the Credit Agreement and not
otherwise defined herein are used herein as therein defined.

 

2.  Amendment.

 

(a)           Section 6.03 of the Credit
Agreement hereby is amended by deleting the word “and” appearing at the end of
clause (q) thereof; deleting the period appearing at the end of clause (r)
thereof; inserting the phrase “; and” in lieu thereof; and inserting the
following new clause (s) immediately following clause (r) appearing in such
Section:

 

(s)           so long as no Default exists or would
result therefrom, Investments resulting from the purchase, repurchase,
redemption or other acquisition for value of Holdings Senior Notes, to the
extent permitted by Section 6.08(b) hereof.

 

(b)           Section 6.05 of the Credit
Agreement hereby is amended by deleting the word “and” appearing at the end of
clause (j) thereof; deleting the period appearing at the end of clause (k);
inserting the phrase “; and” in lieu thereof; and inserting the following new
clause (l) immediately following clause (k) appearing in such Section:

 

(k)           so long as no Default exists or would
result therefrom, the Borrower may pay cash Dividends to its parent company in
an aggregate amount not in excess of $55,000,000, and the direct and indirect
parent companies of the Borrower (other than Holdings) may pay cash Dividends
to their respective parent companies, so long as the proceeds of all such
Dividends are used within thirty calendar days to pay other such Dividends and
ultimately, directly or indirectly, to purchase or repurchase or redeem not
more than $50,000,000 aggregate principal amount of Holdings Senior Notes.

 

 

(c)           Section 6.08(b) of the
Credit Agreement hereby is amended and restated in its entirety as follows:

 

(b)           Make (or give any notice in respect
thereof) any voluntary or optional payment or prepayment on or redemption or
acquisition for value of, or any prepayment or redemption as a result of any
asset sale, change of control or similar event of, the Holdings Senior Notes,
except, so long as no Default exists or would result therefrom, the purchase or
repurchase or redemption of not more than $50,000,000 aggregate principal
amount of Holdings Senior Notes;

 

3.  Effectiveness of Amendment.  This Amendment shall become effective as of
the date hereof (the “Effective Date”) when:

 

(a) the Required
Lenders have executed and delivered a counterpart of this Amendment and the
Borrower and the Guarantors have delivered duly executed counterparts of this
Amendment to the Administrative Agent;

 

(b) the Loan Parties
set forth in the Acknowledgement and Consent attached hereto (the “Consent”)
have executed and delivered duly executed counterparts of the Consent;

 

(c) the
Administrative Agent has received payment from the Borrower for any and all
fees, costs and expenses (including those of legal counsel) relating to the
Credit Agreement and this Amendment; and

 

(d) the Borrower
shall have paid to the Administrative Agent, for distribution to the Lenders
signatories hereto, in the amount of 0.05% of the Revolving Commitments and the
outstanding Term Loans.

 

4.  Representations and Warranties.  As of the Effective Date, before and after
giving effect to this Amendment, each of the Borrower and the other Loan
Parties hereby represents and warrants to the Administrative Agent and each
Lender that:

 

(a) the execution,
delivery and performance by each Loan Party of this Amendment and the Consent (i) has
been duly authorized by all necessary corporate, partnership and limited liability
company action, as the case may be, (ii) will not violate any applicable
law or regulation or the organizational documents of any Loan Party, (iii) will
not violate or result in a default under any indenture, agreement or other
instrument binding on any Loan Party or any of its assets and (iv) do not
require any consent, waiver or approval of or by any Person (other than the
Administrative Agent and the Required Lenders) which has not been obtained;

 

(b) the Credit
Agreement, as amended by this Amendment and modified by the Consent, is the
legal, valid and binding obligation of each Loan Party that is a party thereto,
enforceable against such Loan party in accordance with its terms, except as the
enforcement thereof may be subject to (i) the effect of any applicable
bankruptcy, 

 

2

 

insolvency,
reorganization, moratorium or similar law affecting creditors’ right generally
and (ii) general principles of equity (regardless of whether enforcement
is sought in a proceeding in equity or at law);

 

(c)  no Default or
Event of Default has occurred or is continuing; and

 

(d)  the
representations and warranties of the Borrower and the other Loan Parties
contained in the Credit Agreement and the other Loan Documents (except to the
extent such representations and warranties expressly relate to an earlier date)
are true and correct in all material respects on and as of the Effective Date
after giving effect to this Amendment and the transactions contemplated hereby.

 

5.  Status of Loan Documents.

 

(a)  This Amendment
is limited solely for the purposes and to the extent expressly set forth
herein, and, except as expressly consented to and amended hereby, the terms,
provisions and conditions of the Loan Documents and the Liens granted under the
Loan Documents shall continue in full force and effect and are hereby ratified
and confirmed in all respects; and

 

(b)  No consent,
amendment or waiver of any terms or provisions of the Credit Agreement made
hereunder shall relieve the Borrower or any other Loan Party from complying
with any other term or provision of the Credit Agreement or the other Loan
Documents.

 

6.  Miscellaneous.

 

(a)  No Waiver,
Cumulative Remedies.  No failure or
delay or course of dealing on the part of the Lenders in exercising any right,
power or privilege hereunder shall operate as a waiver thereof, nor shall any
single or partial exercise of any such right, power or privilege preclude any
other or further exercise thereof or the exercise of any other right, power or
privilege hereunder.  The rights, powers
and remedies herein expressly provided are cumulative and not exclusive of any
rights, powers or remedies which the Lenders would otherwise have.  No notice to or demand on the Borrower or any
other Loan Party in any case shall entitle the Company to any other or further
notice or demand in similar or other circumstances or constitute a waiver of
the rights of the Lenders to any other or further action in any circumstances
without notice or demand.

 

(b)  Ratification
and Reaffirmation; Confirmation; Acknowledgment.  Each Guarantor (i) ratifies and
reaffirms the Loan Documents to which such Guarantor is a party, (ii) confirms
such Guarantor’s agreement to the terms of this Amendment and (iii) acknowledges
that such Guarantor has no offsets or defenses to such Guarantor’s obligations
under the Loan Documents to which such Guarantor is a party and no claims or
counterclaims against the Lenders.

 

3

 

(c)  Expenses.  The Borrower agrees to pay and reimburse the
Administrative Agent for all of its reasonable costs and expenses (including,
without limitation, reasonable fees and disbursements of legal counsel)
incurred up to and on the Effective Date or in connection with the Credit
Agreement or this Amendment.

 

(d)  Headings
Descriptive.  The headings of the
several Sections and subsections of this Amendment are inserted for convenience
only and shall not in any way affect the meaning or construction of any provision.

 

(e)  Severability.  In case any provision in or obligation under
this Amendment shall be invalid, illegal or unenforceable in any jurisdiction,
the validity, legality and enforceability of the remaining provisions or
obligations, or of such provision or obligation in any other jurisdiction,
shall not in any way be affected or impaired thereby.

 

(f)  Counterparts.  This Amendment may be executed and delivered
in any number of counterparts and by the different parties hereto on separate
counterparts, each of which when so executed and delivered shall be an
original, but all of which shall together constitute one and the same
instrument.  The delivery of a
counterpart may be made by facsimile or electronic transmission.

 

(g)  Governing
Law.  THIS AMENDMENT SHALL BE
GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS
OF THE STATE OF NEW YORK.

 

[Signature pages follow]

 

4

 

IN WITNESS WHEREOF, the parties hereto have caused
this First Amendment to be duly executed and delivered by their respective
proper and duly authorized officers as of the day and year first above written.

 

 

	
   

  	
  HERBALIFE
  INTERNATIONAL, INC.,

  	
   

  
	
   

  	
  a Nevada corporation,
  as Borrower

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Richard P. Goudis

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Chief Financial Officer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  WH CAPITAL CORPORATION,

  	
   

  
	
   

  	
  a Nevada corporation,
  as a Guarantor

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Brett R. Chapman

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Treasurer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  HERBALIFE INTERNATIONAL
  OF AMERICA, INC.,

  	
   

  
	
   

  	
  a Nevada corporation,
  as a Guarantor

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Richard P. Goudis

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Chief Financial Officer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  HERBALIFE INTERNATIONAL
  OF EUROPE, INC.,

  	
   

  
	
   

  	
  a California
  corporation, as a Guarantor

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Richard P. Goudis

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Chief Financial Officer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  HERBALIFE INTERNATIONAL
  COMMUNICATIONS, INC.,

  	
   

  
	
   

  	
  a California
  corporation, as a Guarantor

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Richard P. Goudis

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Chief Financial Officer

  	
   

  
						

 

[Herbalife Second
Amendment]

 

 

	
   

  	
  HERBALIFE
  INTERNATIONAL DISTRIBUTION, INC.,

  a California corporation, as a Guarantor

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name: Richard P.
  Goudis

  
	
   

  	
   

  	
  Title:   Chief
  Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  HERBALIFE
  TAIWAN, INC.,

  a California corporation, as a Guarantor

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name: Richard P.
  Goudis

  
	
   

  	
   

  	
  Title:   Chief
  Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  HERBALIFE
  INTERNATIONAL (THAILAND), LTD.,

  a California corporation, as a Guarantor

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name: Richard P.
  Goudis

  
	
   

  	
   

  	
  Title:   Chief
  Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  HERBALIFE
  INTERNATIONAL DO BRASIL LTDA.,

  a corporation dually organized in Brazil and Delaware,

  as a Guarantor

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name: Richard P.
  Goudis

  
	
   

  	
   

  	
  Title:   Chief
  Financial Officer

  

 

 

	
   

  	
  HERBALIFE LTD.,

  a Cayman Islands exempted company with limited liability,

  as a Guarantor

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
   

  	 

	
   

  	
   

  	
  Name: 

  	
  Richard P. Goudis

  
	
   

  	
   

  	
  Title:

  	
  Chief Financial Officer

  
	
   

  	
   

  
	
   

  	
  WH INTERMEDIATE HOLDINGS LTD.,

  a Cayman Islands exempted company with limited liability,

  as a Guarantor

   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
   

  	
   

  
	
   

  	
   

  	
  Name: 

  	
  Richard P. Goudis

  
	
   

  	
   

  	
  Title:

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  HBL LTD.,

  a Cayman Islands exempted company with limited liability,

  as a Guarantor 

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
   

  	
   

  
	
   

  	
   

  	
  Name: 

  	
  Richard P. Goudis

  
	
   

  	
   

  	
  Title:

  	
  Chief Financial Officer

  
					

 

 

	
   

  	
  WH LUXEMBOURG HOLDINGS S.à.R.L.,

  a Luxembourg corporation, as a Guarantor

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Brian Kane

  
	
   

  	
   

  	
  Title:

  	
  Manager

  
	
   

  	
   

  
	
   

  	
  HLF LUXEMBOURG HOLDINGS S.à R.L.,

  a Luxembourg corporation, as a Guarantor 

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Brian Kane

  
	
   

  	
   

  	
  Title:

  	
  Manager

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WH LUXEMBOURG INTERMEDIATE HOLDINGS S.à.R.L.,

  a Luxembourg corporation, as a Guarantor 

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Brian Kane

  
	
   

  	
   

  	
  Title:

  	
  Manager

  
	
   

  	
   

  
	
   

  	
  HERBALIFE INTERNATIONAL OF ISRAEL (1990) LTD.,

  an Israeli corporation, as a Guarantor 

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Brian Kane

  
	
   

  	
   

  	
  Title:

  	
  Manager

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  HERBALIFE INTERNATIONAL FINLAND OY,

  a Finnish corporation, as a Guarantor 

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Christophe Thomann

  
	
   

  	
   

  	
  Title:

  	
  Chairman of the Board

  
	
   

  	
   

  
					

 

 

	
   

  	
  HERBALIFE CHINA, LLC,

  a Delaware limited liability company, as a Guarantor 

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name: Brian Kane

  
	
   

  	
   

  	
  Title:Manager

  

 

 

 

	
   

  	
  MORGAN STANLEY SENIOR FUNDING, INC.,

  as Administrative Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

ACKNOWLEDGMENT
AND CONSENT

 

By signing below, the each of the undersigned (x)
ratifies and reaffirms the Loan Documents to which it is a party, (y) confirms
its agreement to the terms of this First Amendment and (z) acknowledges that it
has no offsets or defenses to its obligations under the Loan Documents to which
it is a party and no claims or counterclaims against the Lenders.

 

	
   

  	
  HERBALIFE OF JAPAN, K.K. 

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  William Rahn

  
	
   

  	
   

  	
  Title:

  	
  Representative Director

  
	
   

  	
   

  
	
   

  	
  HERBALIFE INTERNATIONAL DE MEXICO, S.A. DE C.V. 

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Richard P. Goudis

  
	
   

  	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
  HERABLIFE PRODUCTS DE MEXICO, S.A. DE C.V.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Richard P. Goudis

  
	
   

  	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  HERBALIFE (U.K.) LIMITED

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Richard P. Goudis

  
	
   

  	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  HERBALIFE EUROPE LIMITED 

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Richard P. Goudis

  
	
   

  	
   

  	
  Title:

  	
  Director

  
					

 

 

	
   

  	
  SIGNATURE PAGE TO THE SECOND AMENDMENT, DATED AS OF
  THE FIRST DATE WRITTEN ABOVE, TO THE CREDIT AGREEMENT, DATED AS OF DECEMBER
  21, 2004, AMONG HERBALIFE INTERNATIONAL, INC., THE GUARANTORS IDENTIFIED AS
  SUCH ON THE SIGNATURE PAGES THERETO, THE LENDERS FROM TIME TO TIME PARTY
  THERETO, AND MORGAN STANLEY SENIOR FUNDING, INC., AS ADMINISTRATIVE AGENT

  
	
   

  	
   

  
	
   

  	
  NAME OF INSTITUTION:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  ,

  
	
   

  	
  AS A LENDER

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00089-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00089-of-00352.parquet"}]]