Document:

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                                                                   Exhibit 10.34

                        WH HOLDINGS (CAYMAN ISLANDS) LTD.

                     INDEPENDENT DIRECTORS STOCK OPTION PLAN

     1. Purpose of Plan.

     The WH Holdings (Cayman Islands) Ltd. Independent Directors Stock Option
Plan (the "Plan") is designed:

     (a) to promote the long term financial interests and growth of WH Holdings
(Cayman Islands) Ltd. (the "Company") and its affiliates by attracting and
retaining independent directors with the training, experience and ability to
enable them to make a substantial contribution to the success of the business of
the Company and its affiliates;

     (b) to motivate independent directors by means of growth-related incentives
to achieve long range goals; and

     (c) to further the alignment of interests of participants with those of the
equityholders of the Company through opportunities for increased ownership in
the Company.

     2. Definitions.

     As used in the Plan, the following words will have the following meanings:

     (a) "Affiliate" means, with respect to the Company, any corporation
directly or indirectly controlling, controlled by, or under common control with,
the Company or any other entity designated by the Committee in which the Company
or an Affiliate has an interest.

     (b) "Board" means the Board of Directors of the Company.

     (c) "Change of Control" means an Organic Transaction as defined in the
Amended and Restated Memorandum and Articles of Association of the Company.

     (d) "Code" means the Internal Revenue Code of 1986, as amended.

     (e) "Committee" means one or more committees each comprised of not less
than three members of the Board appointed by the Board to administer the Plan or
a specified portion thereof; provided, however, that if, at any time, there

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will be only one director serving on the Board, the Committee may be composed of
the sole director. Unless otherwise determined by the Board, if the Common
Shares become registered under Section 12 of the Exchange Act and if the
Committee is authorized to grant Options subject to Section 16 of the Exchange
Act, each member of the Committee will be a "non-employee director" within the
meaning of applicable Rule 16b-3 under the Exchange Act.

     (f) "Common Shares" means the common shares, par value $0.001 per share, of
the Company.

     (g) "Exchange Act" means the Securities Exchange Act of 1934, as amended.

     (h) "Exercise Price" means the price at which a Participant may purchase a
Common Share, as provided in the Option Agreement.

     (i) "Fair Market Value" means the fair market value of a Share as of a
particular date. If at any such time such Shares are not listed or admitted for
trading on any national securities exchange or quoted on NASDAQ or a similar
service, the Fair Market Value for such Shares means the fair market value of
such Shares at such time as determined in good faith by the Committee. However,
subsequent to an Initial Public Offering, the Fair Market Value of a Common
Share will be the average of high bid and low asked prices of Common Shares as
reported on the exchange on which it is listed as of such date, or if no such
quotation is made on such date, the immediately preceding day on which there
were quotations as reported in The Wall Street Journal.

     (j) "Grant" means an award made to a Participant pursuant to the Plan and
described in Paragraph 5.

     (k) "Incentive Stock Option" means an Option which satisfies all of the
applicable requirements of Code Section 422.

     (l) "Independent Director" means an individual who neither is: (i) an
employee of the Company or any of its Affiliates; or (ii) designated as a
Director by the Affiliates of the Company or its distributors.

     (m) "Initial Public Offering" means the underwritten public offering by the
Company of its Common Shares pursuant to a registration statement (other than a
registration statement relating solely to an employee benefit plan or
transaction covered by Rule 145 of the Securities Act) that has been filed under
the Securities Act and declared effective by the Securities and Exchange

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Commission, or any other Federal agency at the time administering the Securities
Act.

     (n) "Non-Statutory Stock Option" means an Option which does not satisfy all
of the applicable requirements of Code Section 422 or which by its terms is not
intended to be treated as an Incentive Stock Option.

     (o) "Option" means an option to purchase Common Shares.

     (p) "Option Agreement" means an agreement between the Company and a
Participant that sets forth the terms, conditions and limitations applicable to
a Grant.

     (q) "Participant" means an Independent Director of the Company or one of
its Affiliates, to whom one or more Grants have been made and such Grants have
not all been forfeited or terminated under the Plan.

     (r) "Preferred Shares" means Preferred Shares as defined in the Amended and
Restated Memorandum and Articles of Association of WH Holdings (Cayman Islands)
Ltd. and known as the "12% Series A Cumulative Convertible Preferred Shares".

     (s) "Securities Act" means the Securities Act of 1933, as amended.

     (t) "Share" means a share of Common Shares.

     (u) "Shareholders' Agreement" means the shareholders' agreement, dated as
of July 31, 2002, by and among WH Holdings (Cayman Islands) Ltd., Whitney V,
L.P., Whitney Strategic Partners V, L.P., and WH Investments Ltd., and CCG
Investments (BVI), L.P., CCG Associates-QP, LLC, CCG Associates-AI, LLC, CCG GP
Fund LLC, CCG Investment Fund-AI, LP, and CCG AV, LLC, and certain other persons
who may, from time to time, become party to the agreement.

     (v) "Subsidiary" means any entity in an unbroken chain of entities
beginning with the Company if each of the entities, or group of commonly
controlled entities, other than the last entity in the unbroken chain then owns
50% or more of the total combined voting power of the other entities in such
chain.

     (w) "Total Exercise Cost" means an amount equal to the Exercise Price
multiplied by the number of Shares being purchased pursuant to the Option.

     3. Administration of Plan.

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     (a) The Plan will be administered by the Committee. The Committee may adopt
its own rules of procedure. Action of a majority of the members of the Committee
taken at a meeting, or action taken without a meeting by unanimous written
consent, will constitute action by the Committee. The Committee will have the
power and authority to administer, construe and interpret the Plan, to make
rules for carrying it out and to make changes to such rules.

     (b) The Committee may employ attorneys, consultants, accountants,
appraisers, brokers or other persons. The Committee, the Company, and the
officers of the Company will be entitled to rely upon the advice, opinions or
valuations of any such persons. All actions taken and all interpretations and
determinations made by the Committee in good faith will be final and binding
upon all Participants, the Company and all other interested persons. No member
of the Committee will be personally liable for any action, determination or
interpretation made in good faith with respect to the Plan or the Grants, and
all members of the Committee will be fully protected by the Company with respect
to any such action, determination or interpretation.

     4. Eligibility.

     Subject to Paragraph 5(a), the Committee may from time to time make Grants
under the Plan to such Independent Directors of the Company or any of its
Affiliates, and in such form and having such terms, conditions and limitations
as the Committee may determine. Prior to participation in the Plan, the
Committee may require any Participant to execute a Release and Waiver to Rights
to payments and benefits under certain plans of Herbalife International, Inc.
Grants may be made singly, in combination or in tandem. The terms, conditions
and limitations of each Grant under the Plan will be set forth in an Option
Agreement, in a form or forms approved by the Committee; provided, however, that
such Option Agreement will contain provisions dealing with the treatment of
Grants in the event of the termination, death or disability of a Participant,
and may also include provisions concerning the treatment of Grants in the event
of a Change of Control of the Company.

     5. Grants.

     (a) The Plan provides for grants only to Independent Directors of
Non-Statutory Stock Options.

     (b) At the time of the Grant, the Committee will determine, and will
include in the Option Agreement or other Plan rules, the Option exercise price
and

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such other conditions and restrictions on the grant or exercise of the Option as
the Committee deems appropriate.

     (c) In addition to any other restrictions contained in the Plan, an Option
granted under the Plan may not be exercised more than 10 years after the date it
is granted.

     (d) Payment of the Option price will be made in cash or, if subsequent to
an Initial Public Offering, through the delivery of irrevocable instructions to
a broker to deliver promptly to the Company an amount equal to the Option price,
in accordance with the terms of the Plan, the Option Agreement and of any
applicable guidelines of the Committee in effect at the time, and subject to
increase for any applicable withholding requirements.

     6. Limitations and Conditions.

     (a) The number of Shares available for Grants under the Plan will be
1,000,000, subject to adjustment in accordance with Paragraphs 7 or 8 hereof.
If an Option expires, is canceled, forfeited or otherwise terminated without
being exercised or settled, the Shares allocable to the unexercised portion of
such Option shall remain available for grant under the Plan.

     (b) No Grants will be made under the Plan more than 10 years after the date
the Plan is adopted by the Board or is approved by the shareholders of the
Company, whichever is earlier, but the terms of Grants made on or before the
expiration of the Plan may extend beyond such expiration.

     (c) Nothing contained herein will affect the right of the Company to
terminate any Participant's employment or services at any time or for any
reason.

     (d) Other than as specifically provided with regard to the death of a
Participant or as hereinafter provided, no benefit under the Plan will be
subject in any manner to anticipation, alienation, sale, transfer, assignment,
pledge, encumbrance, or charge, and any attempt to do so will be void. No such
benefit will, prior to receipt thereof by the Participant, be in any manner
liable for or subject to the debts, contracts, liabilities, engagements, or
torts of the Participant. At the time a Grant is made or amended or the terms or
conditions of a Grant are changed, the Committee may provide for limitations or
conditions on such Grant. Notwithstanding the preceding, the Participant may
transfer all or part of the Option by gift to either to any member of the
Participant's Immediate Family, to a trust or partnership or limited liability
company solely for the benefit of the Participant or such Participant's
Immediate Family Members, jointly to the Participant and one or more of the
foregoing, or to any combination thereof, if applicable law permits and the
Option Agreement so provides. "Immediate Family" means the Participant's spouse,
children and grandchildren.

     (e) Participants will not be, and will not have any of the rights or
privileges of, equityholders of the Company in respect of any Shares purchasable
in connection with any Grant unless and until certificates representing any such

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Shares have been issued by the Company to such Participants. Prior to an Initial
Public Offering, each Participant will be required to enter into the
Shareholders' Agreement with the Company, or execute a joinder to the
Shareholders' Agreement in a form provided by the Company, upon the exercise of
any Option under the Plan.

     (f) No election as to benefits or exercise of Options, or other rights may
be made during a Participant's lifetime by anyone other than the Participant
except by a legal representative appointed for or by the Participant, unless
such all or a part of such Option has been transferred either to any member of
the Participant's Immediate Family, to a trust or partnership or limited
liability company solely for the benefit of the Participant or such
Participant's Immediate Family members, jointly to the Participant and one or
more of the foregoing, or to any combination thereof, in which case it shall
only be exercisable by such transferee.

     (g) Absent express provisions to the contrary, any Grant under the Plan
will not be deemed compensation for purposes of computing benefits or
contributions under any retirement plan of the Company or its Subsidiaries and
will not affect any benefits under any other benefit plan of any kind now or
subsequently in effect under which the availability or amount of benefits is
related to level of compensation. The Plan is not an "employee benefit plan"
under Section 3(3) of the Employee Retirement Income Security Act of 1974, as
amended.

     (h) Unless the Committee determines otherwise, no benefit or promise under
the Plan will be secured by any specific assets of the Company or any of its
Subsidiaries, nor will any assets of the Company or any of its Subsidiaries be
designated as attributable or allocated to the satisfaction of the Company's
obligations under the Plan.

     7. Adjustments.

     In the event of any change in the outstanding Shares by reason of an
acquisition, spin-off or reclassification, recapitalization or merger,
combination or exchange of Shares or other corporate exchange, Change of Control
or similar event, or as required under any Option Agreement, the Committee may
adjust appropriately the number or kind of Shares or securities subject to the
Plan and available for or covered by Grants and Option prices related to
outstanding Grants and make such other revisions to outstanding Grants as it
deems are equitably required.

     8. Merger, Consolidation, Exchange, Acquisition, Liquidation or
        Dissolution.

     In its absolute discretion, and on such terms and conditions as it deems
appropriate, coincident with or after the grant of any Option, the Committee may
provide, with respect to the merger or consolidation of the Company into another
corporation, the exchange of all or substantially all of the assets of the
Company for the securities of

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another corporation, a Change of Control or the recapitalization,
reclassification, liquidation or dissolution of the Company, either (a) that
such Option cannot be exercised after such event, in which case the Committee
may also provide (but will be under no obligation to provide), either by the
terms of such Option or by a resolution adopted prior to the occurrence of such
event, that for some period of time prior to such event, such Option will be
exercisable as to all Shares subject thereto which are exercisable, or, by
virtue of the event, become exercisable, notwithstanding anything to the
contrary herein (but subject to the provisions of Paragraph 6(b)) or that the
Option will be repurchased by the Company at a specific price and that, upon the
occurrence of such event, such Option will terminate and be of no further force
or effect, or (b) that even if the Option will remain exercisable after such
event, from and after such event, any such Option will be exercisable only for
the kind and amount of securities and/or other property, or the cash equivalent
thereof, receivable as a result of such event by the holder of a number of
Shares for which such Option could have been exercised immediately prior to such
event, or that the Option will be repurchased by the Company at a specific
price.

     In addition, in the event of a Change of Control, the Committee may, in its
absolute discretion and on such terms and conditions as it deems appropriate,
provide, either by the terms of such Option or by a resolution adopted prior to
the occurrence of the Change of Control, that such Option will be exercisable as
to all or any portion of the Shares subject thereto, notwithstanding anything to
the contrary herein (but subject to the provisions of Paragraph 6(b)).

     9. Securities Law Requirements.

     Shares shall not be issued under the Plan unless the issuance and delivery
of the Shares comply with (or are exempt from) all applicable requirements of
law, including (without limitation) the Securities Act, the rules and
regulations promulgated thereunder, state securities laws and regulations and
the regulations of any stock exchange or other securities markets on which the
Company's securities may then be traded.

     10. Amendment and Termination.

     The Board will have the authority to make such amendments to any terms and
conditions applicable to outstanding Grants as are consistent with the Plan
provided that, except for adjustments under Paragraph 7 or 8, no such action
will modify such Grant in a manner adverse to the Participant without the
Participant's consent except as such modification is provided for or
contemplated in the terms of the Grant.

     The Board may amend, suspend or terminate the Plan except that no such
action, other than an action under Paragraph 7 or 8, may be taken which would,
without

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shareholder approval (but only if such approval is necessary for exemption under
Section 16(b) of the Exchange Act or to meet the applicable requirements of Code
Section 422), increase the aggregate number of Shares available for Grants under
the Plan, change the eligible class of individuals, decrease the price of
outstanding Options, change the requirements relating to the Committee or extend
the term of the Plan.

     11. Withholding Taxes.

     The Company will have the right to deduct from any cash payment made under
the Plan any federal, state or local income or other taxes required by law to be
withheld with respect to such payment. The Participant must pay to the Company
such amount as may be requested by the Company for the purpose of satisfying any
liability for such withholding taxes before the obligation of the Company to
deliver certificates for the Shares upon the exercise of an Option arises. Any
Option Agreement may provide that the Participant may elect, in accordance with
any conditions set forth in such Option Agreement, to pay a portion or all of
such withholding taxes in Shares.

     12. Governing Law.

     The Plan will be governed by and construed and enforced in accordance with
the laws of the state of New York, without regard to the conflicts of laws
principles thereof.

     13. Effective Date and Termination Date.

     The Plan will be effective on July 31, 2002 and will terminate on July 31,
2012, subject to earlier termination pursuant to Paragraph 10.

                                       8<PAGE>
                                                                   Exhibit 10.35

              FORM OF INDEPENDENT DIRECTORS STOCK OPTION AGREEMENT

     AGREEMENT (this "Agreement") entered into as of the _____ day of ___, ___
by and between WH Holdings (Cayman Islands) Ltd., a Cayman Islands company (the
"Company"), and the undersigned independent director (the "Participant") of the
Company or its Subsidiaries.

     WHEREAS, pursuant to the WH Holdings (Cayman Islands) Ltd. Independent
Directors Stock Option Plan (the "Plan"), the Committee designated under the
Plan desires to grant to the Participant an option to acquire Common Shares,
par value $0.001 per share, of the Company; and

     WHEREAS, the Participant desires to accept such option subject to the
terms and conditions of this Agreement.

     NOW, THEREFORE, in consideration of the premises and of the mutual
covenants and agreements contained herein, the Company and the Participant,
intending to be legally bound, hereby agree as follows:

     1.  Grant of Option.  On the terms and conditions hereinafter set forth,
the Company hereby grants to the Participant an option to purchase all (or any
part) of ________ Shares (the "Option"). This Option is granted on _________
(the "Grant Date"). The Option is a Non-Statutory Stock Option. This Option is
granted pursuant to the Plan, and is governed by the terms and conditions of
the Plan. All defined terms used herein, unless specifically defined in this
Agreement, have the meanings assigned to them in the Plan.

     2.  Exercise Price.  The exercise price (the "Exercise Price") for the
Shares covered by the Option will be ________ per share.

     3.  Time of Exercise of Option.

     (a) The Option will become exercisable in quarterly 5% increments
beginning on the last day of the calendar quarter during which the Grant Date
occurs and each subsequent last day of each following calendar quarter until
the Option becomes fully exercisable on the last day of the calendar quarter
immediately preceding the fifth anniversary of the Grant Date.

     (b) Notwithstanding any provision in this Agreement or the Plan to the
contrary, unless otherwise approved by a written resolution of the Committee
prior to or contemporaneously with the closing of any such transaction, any
portion of the Option (whether vested or unvested and whether or not then
exercisable) which has not been
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exercised prior to or in connection with any merger or consolidation of the
Company into another corporation, the exchange of all or substantially all of
the assets of the Company for the securities of another corporation, a Change
of Control or the recapitalization, reclassification, liquidation or
dissolution of the Company of any other fundamental corporate transaction
involving the Company or any of its Subsidiaries with the same or a similar
purpose or effect (as determined by the Committee in its sole discretion) shall
expire and be cancelled and of no further force and effect effective upon the
closing of any such transaction.

     4. Term of Options and Repurchase Rights.

     (a) The Option will expire 10 years from the date hereof, but will be
subject to earlier termination as provided below.

     (b) Upon termination:

          (i) the unexercisable portion of the Option hereby granted will
terminate on the date of such termination.

          (ii) the exercisable portion of the Option hereby granted will be
treated as follows:

               (A) Subject in each case to the repurchase rights described in
clause (c) below and the Shareholders' Agreement, if the Participant is
terminated for any reason except for Cause, the exercisable portion of the
Option hereby granted will be exercisable for thirty days following the
termination, unless the Participant terminates employment on account of a
disability as defined in Code Section 22(e) or if the Participant dies, in
which case, such Participant, or such Participant's personal representative,
respectively, may exercise the exercisable portion of the Option hereby granted
for 90 days following the termination of employment on account of disability or
the Participant's death.

               (B) If the Participant is terminated for Cause, the exercisable
portion of the Option hereby granted will terminate on the date of such
termination.

     (c) The Company has the right to repurchase the Shares acquired upon the
exercise of Options for a period of 90 days after the Independent Director
ceases to be a director or 90 days after the Shares for which the Option is
exercised are acquired, whichever is later. Notwithstanding anything to the
contrary in the Shareholders' Agreement, the purchase price per Share payable
under Section 6(a) or (b) of the

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Shareholder's Agreement where such Termination (as defined in the Shareholders'
Agreement):

     (i)  was due to resignation or for Cause shall be the amount equal to the
lesser of: (A) the Fair Market Value at the time of such termination; or (B) the
Exercise Price;

     (ii)  was without Cause or because of death, retirement or disability shall
be the amount equal to the greater of: (A) the Fair Market Value at the time of
such termination; or (B) the Exercise Price.

     (d)  For purposes of this Agreement, the Company shall have "Cause" to
terminate the Independent Director's services as a member of the Board in the
event of any of the following acts or circumstances: (i) commission of a felony,
a crime of moral turpitude, dishonesty, breach of trust or unethical business
conduct, or any crime involving the Company or any of its Subsidiaries; (ii)
willful misconduct, willful or gross neglect, fraud, misappropriation or
embezzlement; (iii) performance of the Independent Director's duties in a manner
that is detrimental to the Company or any of its Subsidiaries, including, but
not limited to that which results in, the severe deterioration of the financial
performance of the Company or any of its Subsidiaries; (iv) failure to adhere to
the directions of the Chief Executive Officer or the Board of Directors, to
adhere to the Company's or any of its Subsidiary's, policies or practices as
they apply to Independent Directors; (v) breach of any provision of any
agreement between the Company or any of its Subsidiaries, on the one hand, and
the Independent Director which covers confidentiality or proprietary
information, nonsolicitation or non-competition provisions; or (vi) breach in
any material respect of agreement between the Company or any of its
Subsidiaries, on the other hand, and the Independent Director.

     5.  Manner of Exercise of Option. The Option may be exercised by delivery,
via first class mail, interoffice mail, fax or electronic mail of a Notice of
Option Exercise and related forms to the Company stating the number of Shares
with respect to which the Option is being exercised and accompanied by payment
of the Total Exercise Cost in cash or by check, bank draft or money order
payable to the order of the Company or, subsequent to an Initial Public
Offering, through the delivery to the Company of an Authorization for Exercise
of Options "Cashless" Exercise Form with irrevocable instructions to a broker to
deliver promptly to the Company an amount equal to the Total Exercise Cost,
subject to such limitations as the Committee may adopt from time to time or by
any combination of the above methods of payment.

     6.  Non-Transferability.

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     (a)  The right of the Participant to exercise the Option (as and when
exercisable) may not be assigned or transferred by the Participant other than
by will or the laws of descent and distribution. The Option may be exercised
and the Shares may be purchased during the lifetime of the Participant only by
the Participant (or the Participant's legal representative in the event that
the Participant's employment is terminated due to "Disability" within the
meaning of Code Section 22(e)). Any attempted assignment or transfer, except as
hereinabove provided, including without limitation any purported assignment,
whether voluntary or by operation of law, pledge, hypothecation or other
disposition contrary to the provisions hereof, of any levy or execution,
attachment, trustee process or similar process, whether legal or equitable,
upon the Option, will in each instance by null and void.

     7. Representation Letter and Investment Legend.

     (a)  In the event that for any reason the issuance of the Shares to be
issued upon exercise of the exercisable Option will not be effectively
registered under the 1933 Act, upon any date on which the Option is exercised,
the Participant (or the person exercising the Option pursuant to Paragraph 6)
will give a written representation to the Company in the form attached hereto as
Exhibit A, and the Company will place the legend described in Exhibit A, upon
any certificate for the Shares issued by reason of such exercise.

     (b)  The Company will be under no obligation to qualify Shares or to cause
a registration statement or a post-effective amendment to any registration
statement to be prepared for the purpose of covering the issuance of Shares.

     8.  Adjustments of Shares and Options. Subject to Paragraph 7 of the Plan,
in the event of any change in the outstanding Shares by reason of an
acquisition, spin-off or reclassification, recapitalization or merger,
combination or exchange of Shares or other corporate exchange, Change of
Control or similar event, the Committee may adjust appropriately the number or
kind of Shares or securities subject to the Option and exercise prices related
thereto and make such other revisions to the Option as it deems are equitably
required.

     9.  No Special Employment Rights. Nothing contained in this Agreement will
be construed or deemed by any person under any circumstances to bind the
Company or any of its Subsidiaries to continue the services of the Independent
Director for the period within which this Option may vest or for any other
period.

     10.  Rights as a Shareholder. The Participant will have no right as a
shareholder with respect to any Shares which may be purchased upon the exercise
of this Option unless and until a certificate or certificates representing such
Shares are duly

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issued and delivered to the Participant. If at any time during the term of the
Option, the Company is advised by its counsel that the Shares are required to
be registered under the Securities Act or under applicable state securities
laws, or that delivery of the Shares must be accompanied or preceded by a
prospectus meeting the requirements of such laws, delivery of Shares by the
Company may be deferred until a registration is effective or a prospectus is
available or an appropriate exemption from registration is secured.

     11.  Withholding Taxes.  The Participant hereby agrees, as a condition to
any exercise of the Option, to provide to the Company an amount sufficient to
satisfy its obligation to withhold certain federal, state and local taxes
arising by reason of such exercise (the "Withholding Amount"), if any, by (a)
authorizing the Company to withhold the Withholding Amount from the Employee's
cash compensation, or (b) remitting the Withholding Amount to the Company in
cash; provided that, to the extent that the Withholding Amount is not provided
by one or a combination of such methods, the Company may at its election
withhold from the Shares delivered upon exercise of the Option that number of
Shares having a Fair Market Value as of the date immediately prior to the
issuance of such Shares equal to the Withholding Amount.

     12.  Execution of Shareholders' Agreement and of Release and Waiver of
Rights.  The Participant acknowledges that, in connection with his or her
prior or future purchase of Shares of the Company, he or she will execute and
deliver the Shareholders' Agreement or a joinder or counterpart signature page
thereto. The Participant further agrees that all Shares acquired by such
Participant upon exercise of the Option will be subject to the terms and
conditions of the Shareholders' Agreement as modified hereby. Prior to
participation in the Plan, if the Committee requires, the Participant will
execute a Release and Waiver to Rights to payments and benefits under certain
plans of Herbalife International, Inc.

     13.  Lock-Up Agreements.  The Participant agrees that notwithstanding
anything to the contrary contained in this Agreement, in the event of an
Initial Public Offering or any other offering of securities of the Company,
except to the extent that: (a) the Participant sells his or her Shares obtained
upon the exercise of the Option to the underwriters of the Company's securities
in connection with such offering or (b) the underwriters do not request the
following restrictions, such Participant shall not (i) offer, hedge, pledge,
sell or contract to sell any such Shares, (ii) sell any option or contract to
purchase any Shares, (iii) purchase any option or contract to sell any Shares;
(iv) grant any option, right or warrant for the sale of any Shares, or (v) lend
or otherwise dispose of or transfer any Shares during the longer of (A) any
black-out period requested by the underwriters conducting any such offering of
securities on behalf of the Company and (B) during the seven days prior to and
during the 180 day period beginning on the effective date of such initial public
offering or other offering of securities; provided, however, that such Employee
shall, in any event, be entitled to sell his or her Shares

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commencing on the expiration of the black-out period described in the
aforementioned clause (A) of (B).

     14.  Delivery of Certificates.  The Participant will have no interest in
the Shares unless and until certificates for the Shares are issued following
exercise of the Option.

                                   *********

                         [Signatures on Following Page]

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                                OPTION AGREEMENT

                           Counterpart Signature Page
                           --------------------------

     IN WITNESS WHEREOF, the Company has caused this Agreement to be executed,
but its officer thereunto duly authorized, and the Participant has executed this
Agreement, all as of the day and year first above written.

WH HOLDINGS                                  PARTICIPANT
(CAYMAN ISLANDS) LTD.

By: ______________________                   _____________________
    Title:

__________________________                   Address:
(print name)

                                             Facsimile Number:

                                             ______________________
                                             Social Security Number

                                             Email Address:

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                                   EXHIBIT A

TO: WH HOLDINGS (CAYMAN ISLANDS) LTD.

     The undersigned hereby irrevocably exercises the right to purchase
____________ of the shares of Common Shares, par value $0.001 per share ("Common
Shares") of WH Holdings (Cayman Islands) Ltd., a Cayman Islands company (the
"Company"), evidenced by the attached Option, and herewith makes payment of the
Exercise Price with respect to such shares in full, all in accordance with the
conditions and provisions of said Option.

     1.  The undersigned hereby represents and warrants to and agrees with the
Company as follows:

     (a)  The undersigned understands and acknowledges that an investment in the
Common Shares issuable upon exercise of this Option involves a high degree of
risk and that there are limitations on the liquidity of the Common Shares
issuable upon exercise of this Option. The undersigned is able to bear the
economic risk of an investment in the Common Shares issuable upon exercise of
this Option. The undersigned has adequate means of providing for the
undersigned's current needs and contingencies; is able to afford to hold the
Common Shares issuable upon exercise of this Option for an indefinite period;
and has such knowledge and experience in financial and business matters such
that the undersigned is capable of evaluating the merits and risks of the
investment in the Common Shares issuable upon exercise of this Option;

     (b)  The undersigned is acquiring the Common Shares issuable upon exercise
of this Option for its own account for investment and not as a nominee and not
with a present view to the distribution thereof in violation of the Securities
Act of 1933, as amended (the "1933 Act"). The undersigned understands that the
undersigned must bear the economic risk of this investment indefinitely unless
such shares are registered pursuant to the 1933 Act and any applicable state
securities laws, or an exemption from such registration is available. The
undersigned has no plan or intention to sell the Common Shares issuable upon
exercise of this Option at any predetermined time, and has made no predetermined
arrangements to sell such shares;

     (c)  The undersigned will not make any sale, transfer or other disposition
of the shares of Common Shares issuable upon exercise of this Option in
violation of (1) the 1933 Act, the Securities Exchange Act of 1934, as amended,
any other applicable Federal or state securities laws or the rules and
regulations of the Securities and Exchange Commission or of any state securities
commissions or similar state authorities promulgated under any of the foregoing,
or (2) any applicable securities laws of jurisdictions outside the United States
and the rules and regulations thereunder.

<PAGE>

     2. The undersigned agrees not to offer, sell, transfer or otherwise dispose
of any of the Common Shares obtained on exercise of the Option, except in
accordance with the provisions of the Option, and consents that the following
legend may be affixed to the stock certificates for the Common Shares hereby
subscribed for, if such legend is applicable:

     "THE SALE, TRANSFER OR ENCUMBRANCE OF THE SECURITIES REPRESENTED BY THIS
     CERTIFICATE ARE SUBJECT TO THE TERMS AND CONDITIONS OF A SHAREHOLDERS'
     AGREEMENT, DATED AS OF JULY 31, 2002 AMONG WH HOLDINGS (CAYMAN ISLANDS)
     LTD. AND CERTAIN HOLDERS OF ITS OUTSTANDING SHARE CAPITAL, AS SUCH
     AGREEMENT MAY BE AMENDED. COPIES OF SUCH AGREEMENT MAY BE OBTAINED AT NO
     COST BY WRITTEN REQUEST MADE BY THE HOLDER OF RECORD OF THIS CERTIFICATE TO
     THE SECRETARY OF WH HOLDINGS (CAYMAN ISLANDS) LTD.

     IN ADDITION, THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED
     UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"), OR ANY
     PROVINCIAL OR STATE SECURITIES LAW, AND MAY NOT BE SOLD, TRANSFERRED,
     PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF UNTIL A REGISTRATION
     STATEMENT UNDER THE 1933 ACT AND APPLICABLE PROVINCIAL OR STATE SECURITIES
     LAWS SHALL HAVE BECOME EFFECTIVE WITH REGARD THERETO, OR AN EXEMPTION FROM
     REGISTRATION UNDER THE 1933 ACT OR APPLICABLE PROVINCIAL OR STATE
     SECURITIES LAWS IS AVAILABLE IN CONNECTION WITH SUCH OFFER, SALE OR
     TRANSFER."

     3. The undersigned requests that stock certificates for such shares be
issued, and a new option agreement representing any unexercised portion hereof
be issued in the name of the registered holder and delivered to the undersigned
at the address set forth below:

     [Signature on the Following Page]

                                       2
<PAGE>

Dated:

_________________________________
Signature of Registered Holder

_________________________________
Name of Registered Holder (Print)

                                       3

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