Document:

EX-10.29

 

    Exhibit
    10.29

 

    Amendment Number 1 to the Dresser-Rand Group Inc. 2005
    Directors Stock Incentive Plan

 

    4.2 VESTING AND OTHER TERMS OF ANNUAL GRANT. 50% of each Annual
    Grant shall become vested on the first anniversary of the grant
    date and 25% shall become vested on each of the following two
    anniversaries of the grant date, subject to the Eligible
    Director remaining in office on each vesting date. Each Annual
    Grant shall also become vested upon the Eligible Director’s
    death or Disability, upon the Eligible Director reaching
    age 65 or upon a Change in Control. Each Annual Grant shall
    be evidenced by an Award agreement that shall specify whether
    the Annual Grant consists of Shares, the right to receive Shares
    or a combination thereof, and the other terms of the Annual
    Grant.

    

Effective date: January 1, 2007EX-10.30

 

Exhibit 10.30

DRESSER-RAND
GROUP INC.

AMENDMENT NO. 2 TO

DRESSER-RAND GROUP INC.

2005 DIRECTORS STOCK INCENTIVE PLAN

     WHEREAS,
Dresser-Rand Group Inc. (the “Company”) has established and maintains the
Dresser-Rand Group Inc. 2005 Directors Stock Incentive Plan (the “Plan”);

     WHEREAS, the Plan has been amended from time to time and further amendment of the Plan now is
considered desirable; and

     WHEREAS, the undersigned has been authorized to act on behalf of the Company in adopting a
further amendment to the Plan (the “Amendment”).

     NOW, THEREFORE, by virtue and in exercise of the power reserved to the Company’s Board of
Directors by Article VI of the Plan, the Plan be and hereby is amended in the following
particulars, to be effective as of the date hereof /or/ as of the date the Company’s shareholders
approve the Amendment in accordance with Article VI of the Plan:

By amending the definition of “Eligible Director” found at Section 7.1 of the Plan to read
as follows:

“Eligible Director” means a director of the Company who is not, at the relevant time, an officer or
employee of the Company or any of its Subsidiaries.

     IN WITNESS WHEREOF, the undersigned has executed this document on behalf of the Company, this
12th day of February, 2008.

	 	 	 	 	 
	 	DRESSER-RAND GROUP INC.

 	 
	 	By:  	 	 
	 	Name:  	Mark F. Mai 	 
	 	Title:  	Vice President & General Counselexv10w77

 

Exhibit 10.77

EXECUTION COPY

THIRD AMENDMENT TO CREDIT AGREEMENT

          THIRD AMENDMENT TO CREDIT AGREEMENT, dated as of November 30, 2007 (this “Amendment”), among
Herbalife International, Inc., a Nevada corporation (“Borrower”), Herbalife Ltd., a Cayman Islands
exempted company with limited liability (“Holdings”), and the other guarantors identified as such
on the signature pages hereto (together with Borrower and Holdings, the “Loan Parties”), and
Merrill Lynch Capital Corporation (“MLCC”), as administrative agent for the Lenders (in such
capacity, the “Administrative Agent”), in connection with that certain Credit Agreement, dated as
of July 21, 2006, as amended by that certain First Amendment to Credit Agreement, dated as of June
21, 2007 and that certain Second Amendment to Credit Agreement, dated as of September 17, 2007 (as
further amended, restated, supplemented, or otherwise modified from time to time, the “Credit
Agreement”), among the Loan Parties, the lenders party thereto from time to time (the “Lenders”),
the Administrative Agent, and MLCC, as collateral agent for the Secured Parties (as defined in the
Credit Agreement) (in such capacity, the “Collateral Agent”). Capitalized terms used herein but not
otherwise defined herein shall have the meanings given such terms in the Credit Agreement.

W I T N E S S E T H:

          WHEREAS, the Loan Parties, the Lenders named therein, the Administrative Agent and the other
parties thereto have entered into the Credit Agreement;

          WHEREAS, the Borrower has asked the Lenders to amend a certain provision of the Credit
Agreement; and

          WHEREAS, the Lenders signatory hereto are willing to consent to such amendment on the terms
and subject to the conditions set forth herein.

          NOW, THEREFORE, in consideration of the premises and the agreements herein contained, the Loan
Parties, the Lenders signatory hereto and the Administrative Agent hereby agree as follows:

ARTICLE I

AMENDMENTS TO CREDIT AGREEMENT

          Immediately upon the Effective Date (as defined in Article III below), the following amendment
to the Credit Agreement shall become operative:

          Section 1.1 Section 6.05(h). Section 6.05(h) of the Credit Agreement is hereby amended and
restated in its entirety to read as follows:

          (h) Borrower and each Guarantor may pay cash Dividends to allow Holdings to
pay cash Dividends so long as (i) no Default or Event of Default exists or would
result therefrom and (ii) after giving effect to any such Dividend by Holdings the
aggregate amount of Dividends paid by Holdings after the Closing Date pursuant to
this Section 6.05(h) does not exceed the sum of (i) $450.0 million plus
(ii) 75% of cumulative Consolidated Net Income of Holdings
and its Subsidiaries for the period (taken as one accounting period) from the
beginning of the first fiscal quarter of the 2007 fiscal year to the last day of
the

 

 

Third Amendment to Credit Agreement

fiscal quarter most recently ended prior to the date of the Dividend to be made
by Holdings for which financial statements are available; and

ARTICLE II

CONDITIONS TO EFFECTIVENESS

          Immediately upon the satisfaction of all of the following conditions, the amendment contained
in Article I of this Amendment shall become effective (the date on which the applicable conditions
are satisfied being the “Effective Date”):

          (a) Amendment. The Administrative Agent shall have received a duly executed
counterpart of this Amendment from each of the Loan Parties, the Administrative Agent and
the Required Lenders.

          (b) Representations and Warranties. Each of the representations and
warranties set forth in Article III of the Credit Agreement (as amended by this Amendment)
or in any other Loan Document shall be true and correct in all material respects (except
that any representation and warranty that is qualified as to “materiality” or “Material
Adverse Effect” shall be true and correct in all respects) on and as of the Effective Date
with the same effect as though made on and as of such Effective Date, except to the extent
such representations and warranties expressly relate to an earlier date (in which case
shall have been true and correct in all material respects (except that those that are
qualified as to “materiality” or “Material Adverse Effect” shall be true and correct in all
respects) on and as of such earlier date).

          (c) Default. No Default or Event of Default shall have occurred and be
continuing and no Default or Event of Default shall result from entering into this
Amendment.

          (d) Officer’s Certificate. The Administrative Agent shall have received a
certificate, dated the Effective Date and signed by a Financial Officer of Borrower,
confirming compliance with the conditions precedent set forth in (b) and (c) of this
Article III.

          (e) Requirements of Law. The Administrative Agent shall be satisfied that the
Amendment shall be in full compliance with all material Requirements of Law, including
Regulations T, U and X of the Board.

          (f) Patriot Act. The Administrative Agent shall have received all
documentation and other information required by bank regulatory authorities under
applicable “know your customer” and anti-money laundering rules and regulations, including
without limitation the U.S.A. Patriot Act.

          (g) Fees and Expenses. The Borrower shall have paid all fees and expenses
(including, without limitation, legal fees and expenses) payable pursuant to the Loan
Documents that have been invoiced on or prior to the date hereof.

2

 

Third Amendment to Credit Agreement

ARTICLE III

MISCELLANEOUS

          Section 3.1 Effect of Amendment. Except as expressly set forth herein, this Amendment
shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect
the rights and remedies of any Agent or any Lender under the Loan Documents, and shall not alter,
modify, amend or in any way affect any of the terms, conditions, obligations, covenants or
agreements contained in the Loan Documents, all of which are ratified and affirmed in all respects
and shall continue in full force and effect. Nothing herein shall be deemed to entitle any Loan
Party to a consent to, or a waiver, amendment, modification or other change of, any of the terms,
conditions, obligations, covenants or agreements contained in the Loan Documents in similar or
different circumstances. This Amendment is a Loan Document executed pursuant to the Credit
Agreement and shall be construed, administered and applied in accordance with the terms and
provisions thereof.

          Section 3.2 No Representations by Lenders or Agents. The Loan Parties hereby
acknowledge that they have not relied on any representation, written or oral, express or implied,
by any Lender or any Agent, in entering into this Amendment.

          Section 3.3 Representations of the Loan Parties. Each Loan Party represents and
warrants to the Agents and the Lenders that (a) the execution, delivery and performance by it of
this Amendment are within such entity’s powers and have been duly authorized by all necessary
corporate, limited liability company or limited partnership action, (b) it has received all
necessary governmental, regulatory or other approvals for the execution and delivery of this
Amendment and the execution, delivery and performance by it of this Amendment do not and will not
contravene or conflict with any provision of (i) any law, (ii) any judgment, decree or order or
(iii) its articles of incorporation, bylaws, articles or certificate of formation, operating
agreement or partnership agreement, (c) the execution, delivery and performance by it of this
Amendment do not and will not contravene or conflict with or constitute a default under, or cause
any lien to arise under, any provision of any material agreement or instrument binding upon any
Loan Party or upon any of the respective property of a Loan Party and (d) this Amendment and the
Credit Agreement, as amended by this Amendment, are legal, valid and binding obligations of such
entity, enforceable against it in accordance with their respective terms. Each Loan Party further
represents and warrants to the Agents and the Lenders that (a) each of the representations and
warranties set forth in Article III of the Credit Agreement (as amended by this Amendment) or in
any other Loan Document are true and correct in all material respects (except that any
representation and warranty that is qualified as to “materiality” or “Material Adverse Effect” are
true and correct in all respects) on and as of the Effective Date with the same effect as though
made on and as of such Effective Date, except to the extent such representations and warranties
expressly relate to an earlier date (in which case shall have been true and correct in all material
respects (except that those that are qualified as to “materiality” or “Material Adverse Effect” are
true and correct in all respects) on and as of such earlier date), (b) no Default or Event of
Default has occurred and is continuing before or after giving effect to this Amendment, and (c) no
Material Adverse Change has occurred since December 31, 2005.

          Section 3.4 Successors and Assigns. This Amendment shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and assigns permitted hereby and
by the Credit Agreement.

3

 

Third Amendment to Credit Agreement

          Section 3.5 Headings. Article and section headings used herein are for convenience of
reference only, are not part of this Amendment and shall not affect the construction of, or be
taken into consideration in interpreting, this Amendment.

          Section 3.6 Severability. Any provision of this Amendment held to be invalid, illegal
or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent
of such invalidity, illegality or unenforceability without affecting the validity, legality and
enforceability of the remaining provisions hereof; and the invalidity of a particular provision in
a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

          Section 3.7 Counterparts. This Amendment may be executed in any number of
counterparts, all of which taken together shall constitute one and the same instrument, and any
party hereto may execute this Amendment by signing any such counterpart. Delivery of an executed
counterpart of a signature page to this Amendment by facsimile shall be effective as delivery of a
manually executed counterpart of this Amendment.

          Section 3.8 Costs and Expenses. Borrower agrees to pay all reasonable out-of-pocket
expenses incurred by any Agent and in connection with the preparation, execution and delivery,
administration of this Amendment and the other Loan Documents (whether or not the transactions
hereby or thereby contemplated shall be consummated).

          Section 3.9 Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND
GOVERNED BY THE LAW OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL
OBLIGATIONS LAW OF THE STATE OF NEW YORK).

          Section 3.10 Waiver. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR
INDIRECTLY ARISING OUT OF OR RELATING TO THIS AMENDMENT OR TO ANY OTHER LOAN DOCUMENT OR THE
TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY
HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO
ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN
INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS
IN THIS SECTION 3.9.

          Section 3.11 Ratification of Guarantees. Each Loan Party hereby consents to this
Amendment and hereby confirms and agrees that (a) notwithstanding the effectiveness of this
Amendment, each of the Guarantees to which it is a party is, and shall continue to be, in full
force and effect and each such Guarantee is hereby ratified and confirmed in all respects, except
that, on and after the effectiveness of this Amendment, each reference in such Guarantees to the
“Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement
shall mean and be a reference to the Credit Agreement as amended by this Amendment, and (b) the
Security Documents to which it is a party and all of the Security Agreement Collateral described
therein do, and shall continue to, secure the payment of all of the “Secured Obligations” (as
defined in the Security Agreement).

4

 

          IN WITNESS WHEREOF, the undersigned have caused this Amendment to be duly executed and
delivered as of the date first above written.

	 	 	 	 	 	 	 
	 	 	HERBALIFE INTERNATIONAL, INC.,
	 	 	a Nevada corporation, as Borrower
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	WH CAPITAL CORPORATION,
	 	 	a Nevada corporation, as a Guarantor
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	HERBALIFE INTERNATIONAL OF AMERICA, INC.,
	 	 	a Nevada corporation, as a Guarantor
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	HERBALIFE INTERNATIONAL OF EUROPE, INC.,
	 	 	a California corporation, as a Guarantor
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	HERBALIFE INTERNATIONAL COMMUNICATIONS, INC.,
	 	 	a California corporation, as a Guarantor
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 

 [Signature Page to Third Amendment to Credit Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	HERBALIFE INTERNATIONAL DISTRIBUTION, INC.,
	 	 	a California corporation, as a Guarantor
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	HERBALIFE TAIWAN, INC.,
	 	 	a California corporation, as a Guarantor
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	HERBALIFE INTERNATIONAL (THAILAND), LTD.,
	 	 	a California corporation, as a Guarantor
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	HERBALIFE INTERNATIONAL DO BRASIL LTDA.,
	 	 	a corporation dually organized in Brazil and Delaware, as a Guarantor
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	HERBALIFE LTD.,
	 	 	a Cayman Islands exempted company with limited liability, as a Guarantor
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 

[Signature Page to Third Amendment to Credit Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	WH INTERMEDIATE HOLDINGS LTD.,
	 	 	a Cayman Islands exempted company with limited liability, as a Guarantor
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	HBL LTD.,
	 	 	a Cayman Islands exempted company with limited liability, as a Guarantor
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	HV HOLDINGS LTD.,
	 	 	a Cayman Islands exempted company with limited liability, as a Guarantor
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	HERBALIFE DISTRIBUTION LTD.,
	 	 	a Cayman Islands exempted company with limited liability, as a Guarantor
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	WH LUXEMBOURG HOLDINGS S.à.R.L.,
	 	 	a Luxembourg corporation, as a Guarantor
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 

 [Signature Page to Third Amendment to Credit Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	HLF LUXEMBOURG HOLDINGS S.à R.L.,
	 	 	a Luxembourg corporation, as a Guarantor
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	WH LUXEMBOURG INTERMEDIATE HOLDINGS S.à.R.L.,
	 	 	a Luxembourg corporation, as a Guarantor
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	HERBALIFE INTERNATIONAL LUXEMBOURG S.À.R.L.,
	 	 	a Luxembourg corporation, as a Guarantor
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	HERBALIFE LUXEMBOURG DISTRIBUTION S.à.R.L.,
	 	 	a Luxembourg corporation, as a Guarantor
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 

 [Signature Page to Third Amendment to Credit Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	MERRILL LYNCH CAPITAL CORPORATION,
	 	 	as a Lender and Administrative Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 

 [Signature Page to Third Amendment to Credit Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	 	 ,	 
	 	 	as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 

[Signature Page to Third Amendment to Credit Agreement]

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