Document:

Exhibit 4.7

 

 

Aethlon
Medical, Inc.

and

_____________, As Warrant Agent

Form
of Common Stock

Warrant Agreement

Dated As Of __________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	 	 

     

    

 

Aethlon Medical, Inc. Form
of Common Stock Warrant Agreement

 

This
Common Stock Warrant Agreement (this “Agreement”), dated as of [●], between Aethlon
Medical, Inc., a Nevada corporation (the “Company”), and [●], a [corporation] [national
banking association] organized and existing under the laws of [●] and having a corporate trust office in [●], as warrant
agent (the “Warrant Agent”).

 

Whereas,
the Company proposes to sell [If Warrants are sold with other securities —[title of such other
securities being offered] (the “Other Securities”) with] warrant certificates evidencing one or
more warrants (the “Warrants” or, individually, a “Warrant”) representing the
right to purchase Common Stock of the Company, par value $0.001 per share (the “Warrant Securities”),
such warrant certificates and other warrant certificates issued pursuant to this Agreement being herein called the “Warrant
Certificates”; and

 

Whereas,
the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing so to act, in
connection with the issuance, registration, transfer, exchange, exercise and replacement of the Warrant Certificates, and in this
Agreement wishes to set forth, among other things, the form and provisions of the Warrant Certificates and the terms and conditions
on which they may be issued, registered, transferred, exchanged, exercised and replaced.

 

Now
Therefore, in consideration of the premises and of the mutual agreements herein contained, the parties hereto agree
as follows:

 

Article
1

ISSUANCE OF WARRANTS AND EXECUTION AND

DELIVERY OF WARRANT CERTIFICATES

 

1.1               Issuance
of Warrants. [If Warrants alone —Upon issuance, each Warrant Certificate shall evidence one or more Warrants.]
[If Other Securities and Warrants —Warrant Certificates will be issued in connection with the issuance of
the Other Securities but shall be separately transferable and each Warrant Certificate shall evidence one or more Warrants.] Each
Warrant evidenced thereby shall represent the right, subject to the provisions contained herein and therein, to purchase one Warrant
Security. [If Other Securities and Warrants —Warrant Certificates will be issued with the Other Securities
and each Warrant Certificate will evidence [●] Warrants for each [$[●] principal amount] [[●] shares] of Other
Securities issued.]

 

1.2              
Execution and Delivery of Warrant Certificates. Each Warrant Certificate, whenever issued, shall be in registered form
substantially in the form set forth in Exhibit A hereto, shall be dated the date of its countersignature by the Warrant
Agent and may have such letters, numbers, or other marks of identification or designation and such legends or endorsements printed,
lithographed or engraved thereon as the officers of the Company executing the same may approve (execution thereof to be conclusive
evidence of such approval) and as are not inconsistent with the provisions of this Agreement, or as may be required to comply with
any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any securities exchange on which
the Warrants may be listed, or to conform to usage. The Warrant Certificates shall be signed on behalf of the Company by any of
its present or future chief executive officers, presidents, senior vice presidents, vice presidents, chief financial officers,
chief legal officers, treasurers, assistant treasurers, controllers, assistant controllers, secretaries or assistant secretaries
under its corporate seal reproduced thereon. Such signatures may be manual or facsimile signatures of such authorized officers
and may be imprinted or otherwise reproduced on the Warrant Certificates. The seal of the Company may be in the form of a facsimile
thereof and may be impressed, affixed, imprinted or otherwise reproduced on the Warrant Certificates.

 

 

 

 

    	 	1	 

     

    

 

No Warrant Certificate
shall be valid for any purpose, and no Warrant evidenced thereby shall be exercisable, until such Warrant Certificate has been
countersigned by the manual signature of the Warrant Agent. Such signature by the Warrant Agent upon any Warrant Certificate executed
by the Company shall be conclusive evidence that the Warrant Certificate so countersigned has been duly issued hereunder.

 

In case any officer
of the Company who shall have signed any of the Warrant Certificates either manually or by facsimile signature shall cease to be
such officer before the Warrant Certificates so signed shall have been countersigned and delivered by the Warrant Agent, such Warrant
Certificates may be countersigned and delivered notwithstanding that the person who signed such Warrant Certificates ceased to
be such officer of the Company; and any Warrant Certificate may be signed on behalf of the Company by such persons as, at the actual
date of the execution of such Warrant Certificate, shall be the proper officers of the Company, although at the date of the execution
of this Agreement any such person was not such officer.

 

The term “holder”
or “holder of a Warrant Certificate” as used herein shall mean any person in whose name at the time any
Warrant Certificate shall be registered upon the books to be maintained by the Warrant Agent for that purpose.

 

1.3               Issuance
of Warrant Certificates. Warrant Certificates evidencing the right to purchase Warrant Securities may be executed by the Company
and delivered to the Warrant Agent upon the execution of this Agreement or from time to time thereafter. The Warrant Agent shall,
upon receipt of Warrant Certificates duly executed on behalf of the Company, countersign such Warrant Certificates and shall deliver
such Warrant Certificates to or upon the order of the Company.

 

Article
2

WARRANT PRICE, DURATION AND EXERCISE OF WARRANTS

 

2.1              
Warrant Price. During the period specified in Section 2.2, each Warrant shall, subject to the terms of this Agreement
and the applicable Warrant Certificate, entitle the holder thereof to purchase the number of Warrant Securities specified in the
applicable Warrant Certificate at an exercise price of $[●] per Warrant Security, subject to adjustment upon the occurrence
of certain events, as hereinafter provided. Such purchase price per Warrant Security is referred to in this Agreement as the “Warrant
Price.”

 

2.2              
Duration of Warrants. Each Warrant may be exercised in whole or in part at any time, as specified herein, on or after
[the date thereof] [●] and at or before [●] p.m., [City] time, on [●] or such later date as the Company may designate
by notice to the Warrant Agent and the holders of Warrant Certificates mailed to their addresses as set forth in the record books
of the Warrant Agent (the “Expiration Date”). Each Warrant not exercised at or before [●] p.m.,
[City] time, on the Expiration Date shall become void, and all rights of the holder of the Warrant Certificate evidencing such
Warrant under this Agreement shall cease.

 

 

 

 

 

 

 

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2.3              
Exercise of Warrants.

 

(a)               During
the period specified in Section 2.2, the Warrants may be exercised to purchase a whole number of Warrant Securities in registered
form by providing certain information as set forth on the reverse side of the Warrant Certificate and by paying in full, in lawful
money of the United States of America, [in cash or by certified check or official bank check in New York Clearing House funds]
[by bank wire transfer in immediately available funds] the Warrant Price for each Warrant Security with respect to which a Warrant
is being exercised to the Warrant Agent at its corporate trust office, provided that such exercise is subject to receipt within
five business days of such payment by the Warrant Agent of the Warrant Certificate with the form of election to purchase Warrant
Securities set forth on the reverse side of the Warrant Certificate properly completed and duly executed. The date on which payment
in full of the Warrant Price is received by the Warrant Agent shall, subject to receipt of the Warrant Certificate as aforesaid,
be deemed to be the date on which the Warrant is exercised; provided, however, that if, at the date of receipt of such Warrant
Certificates and payment in full of the Warrant Price, the transfer books for the Warrant Securities purchasable upon the exercise
of such Warrants shall be closed, no such receipt of such Warrant Certificates and no such payment of such Warrant Price shall
be effective to constitute the person so designated to be named as the holder of record of such Warrant Securities on such date,
but shall be effective to constitute such person as the holder of record of such Warrant Securities for all purposes at the opening
of business on the next succeeding day on which the transfer books for the Warrant Securities purchasable upon the exercise of
such Warrants shall be opened, and the certificates for the Warrant Securities in respect of which such Warrants are then exercised
shall be issuable as of the date on such next succeeding day on which the transfer books shall next be opened, and until such
date the Company shall be under no duty to deliver any certificate for such Warrant Securities. The Warrant Agent shall deposit
all funds received by it in payment of the Warrant Price in an account of the Company maintained with it and shall advise the
Company by telephone at the end of each day on which a payment for the exercise of Warrants is received of the amount so deposited
to its account. The Warrant Agent shall promptly confirm such telephone advice to the Company in writing.

 

(b)              
The Warrant Agent shall, from time to time, as promptly as practicable, advise the Company of (i) the number of Warrant
Securities with respect to which Warrants were exercised, (ii) the instructions of each holder of the Warrant Certificates evidencing
such Warrants with respect to delivery of the Warrant Securities to which such holder is entitled upon such exercise, (iii) delivery
of Warrant Certificates evidencing the balance, if any, of the Warrants for the remaining Warrant Securities after such exercise,
and (iv) such other information as the Company shall reasonably require.

 

(c)                As
soon as practicable after the exercise of any Warrant, the Company shall issue to or upon the order of the holder of the Warrant
Certificate evidencing such Warrant the Warrant Securities to which such holder is entitled, in fully registered form, registered
in such name or names as may be directed by such holder. If fewer than all of the Warrants evidenced by such Warrant Certificate
are exercised, the Company shall execute, and an authorized officer of the Warrant Agent shall manually countersign and deliver,
a new Warrant Certificate evidencing Warrants for the number of Warrant Securities remaining unexercised.

 

(d)                The
Company shall not be required to pay any stamp or other tax or other governmental charge required to be paid in connection with
any transfer involved in the issue of the Warrant Securities, and in the event that any such transfer is involved, the Company
shall not be required to issue or deliver any Warrant Security until such tax or other charge shall have been paid or it has been
established to the Company’s satisfaction that no such tax or other charge is due.

 

(e)                Prior
to the issuance of any Warrants there shall have been reserved, and the Company shall at all times through the Expiration Date
keep reserved, out of its authorized but unissued Warrant Securities, a number of shares sufficient to provide for the exercise
of the Warrants.

 

 

 

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Article
3

OTHER PROVISIONS RELATING TO RIGHTS OF HOLDERS OF

WARRANT CERTIFICATES

 

3.1              
No Rights as Warrant Securityholder Conferred by Warrants or Warrant Certificates. No Warrant Certificate or Warrant
evidenced thereby shall entitle the holder thereof to any of the rights of a holder of Warrant Securities, including, without limitation,
the right to receive the payment of dividends or distributions, if any, on the Warrant Securities or to exercise any voting rights,
except to the extent expressly set forth in this Agreement or the applicable Warrant Certificate.

 

3.2              
Lost, Stolen, Mutilated or Destroyed Warrant Certificates. Upon receipt by the Warrant Agent of evidence reasonably
satisfactory to it and the Company of the ownership of and the loss, theft, destruction or mutilation of any Warrant Certificate
and/or indemnity reasonably satisfactory to the Warrant Agent and the Company and, in the case of mutilation, upon surrender of
the mutilated Warrant Certificate to the Warrant Agent for cancellation, then, in the absence of notice to the Company or the Warrant
Agent that such Warrant Certificate has been acquired by a bona fide purchaser, the Company shall execute, and an authorized officer
of the Warrant Agent shall manually countersign and deliver, in exchange for or in lieu of the lost, stolen, destroyed or mutilated
Warrant Certificate, a new Warrant Certificate of the same tenor and evidencing Warrants for a like number of Warrant Securities.
Upon the issuance of any new Warrant Certificate under this Section 3.2, the Company may require the payment of a sum sufficient
to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees
and expenses of the Warrant Agent) in connection therewith. Every substitute Warrant Certificate executed and delivered pursuant
to this Section 3.2 in lieu of any lost, stolen or destroyed Warrant Certificate shall represent an additional contractual obligation
of the Company, whether or not the lost, stolen or destroyed Warrant Certificate shall be at any time enforceable by anyone, and
shall be entitled to the benefits of this Agreement equally and proportionately with any and all other Warrant Certificates duly
executed and delivered hereunder. The provisions of this Section 3.2 are exclusive and shall preclude (to the extent lawful) all
other rights and remedies with respect to the replacement of mutilated, lost, stolen or destroyed Warrant Certificates.

 

3.3              
Holder of Warrant Certificate May Enforce Rights. Notwithstanding any of the provisions of this Agreement, any holder
of a Warrant Certificate, without the consent of the Warrant Agent, the holder of any Warrant Securities or the holder of any other
Warrant Certificate, may, in such holder’s own behalf and for such holder’s own benefit, enforce, and may institute
and maintain any suit, action or proceeding against the Company suitable to enforce, or otherwise in respect of, such holder’s
right to exercise the Warrants evidenced by such holder’s Warrant Certificate in the manner provided in such holder’s
Warrant Certificate and in this Agreement.

 

3.4              
Adjustments.

 

(a)                In
case the Company shall at any time subdivide its outstanding shares of Common Stock into a greater number of shares, the Warrant
Price in effect immediately prior to such subdivision shall be proportionately reduced and the number of Warrant Securities purchasable
under the Warrants shall be proportionately increased. Conversely, in case the outstanding shares of Common Stock of the Company
shall be combined into a smaller number of shares, the Warrant Price in effect immediately prior to such combination shall be
proportionately increased and the number of Warrant Securities purchasable under the Warrants shall be proportionately decreased.

 

 

 

    	 	4	 

     

    

 

(b)              
If at any time or from time to time the holders of Common Stock (or any shares of stock or other securities at the time
receivable upon the exercise of the Warrants) shall have received or become entitled to receive, without payment therefore,

 

(i)                 Common
Stock or any shares of stock or other securities which are at any time directly or indirectly convertible into or exchangeable
for Common Stock, or any rights or options to subscribe for, purchase or otherwise acquire any of the foregoing by way of dividend
or other distribution;

 

(ii)                any
cash paid or payable otherwise than as a cash dividend paid or payable out of the Company’s current or retained earnings;

 

(iii)              any
evidence of the Company’s indebtedness or rights to subscribe for or purchase the Company’s indebtedness; or

 

(iv)               Common
Stock or additional stock or other securities or property (including cash) by way of spinoff, split-up, reclassification, combination
of shares or similar corporate rearrangement (other than shares of Common Stock issued as a stock split or adjustments in respect
of which shall be covered by the terms of Section 3.4(a) above), then and in each such case, the holder of each Warrant shall,
upon the exercise of the Warrant, be entitled to receive, in addition to the number of Warrant Securities receivable thereupon,
and without payment of any additional consideration therefore, the amount of stock and other securities and property (including
cash and indebtedness or rights to subscribe for or purchase indebtedness) which such holder would hold on the date of such exercise
had such holder been the holder of record of such Warrant Securities as of the date on which holders of Common Stock received
or became entitled to receive such shares or all other additional stock and other securities and property.

 

(c)               
In case of (i) any reclassification, capital reorganization, or change in the Common Stock of the Company (other than
as a result of a subdivision, combination, or stock dividend provided for in Section 3.4(a) or Section 3.4(b) above), (ii)
share exchange, merger or similar transaction of the Company with or into another person or entity (other than a share exchange,
merger or similar transaction in which the Company is the acquiring or surviving corporation and which does not result in any change
in the Common Stock other than the issuance of additional shares of Common Stock) or (iii) the sale, exchange, lease, transfer
or other disposition of all or substantially all of the properties and assets of the Company as an entirety (in any such case,
a “Reorganization Event”), then, as a condition of such Reorganization Event, lawful provisions shall
be made, and duly executed documents evidencing the same from the Company or its successor shall be delivered to the holders of
the Warrants, so that the holders of the Warrants shall have the right at any time prior to the expiration of the Warrants to purchase,
at a total price equal to that payable upon the exercise of the Warrants, the kind and amount of shares of stock and other securities
and property receivable in connection with such Reorganization Event by a holder of the same number of Warrant Securities as were
purchasable by the holders of the Warrants immediately prior to such Reorganization Event. In any such case appropriate provisions
shall be made with respect to the rights and interests of the holders of the Warrants so that the provisions hereof shall thereafter
be applicable with respect to any shares of stock or other securities and property deliverable upon exercise the Warrants, and
appropriate adjustments shall be made to the Warrant Price payable hereunder provided the aggregate purchase price shall remain
the same. In the case of any transaction described in clauses (ii) and (iii) above, the Company shall thereupon be relieved of
any further obligation hereunder or under the Warrants, and the Company as the predecessor corporation may thereupon or at any
time thereafter be dissolved, wound up or liquidated. Such successor or assuming entity thereupon may cause to be signed, and may
issue either in its own name or in the name of the Company, any or all of the Warrants issuable hereunder which heretofore shall
not have been signed by the Company, and may execute and deliver securities in its own name, in fulfillment of its obligations
to deliver Warrant Securities upon exercise of the Warrants. All the Warrants so issued shall in all respects have the same legal
rank and benefit under this Agreement as the Warrants theretofore or thereafter issued in accordance with the terms of this Agreement
as though all of such Warrants had been issued at the date of the execution hereof. In any case of any such Reorganization Event,
such changes in phraseology and form (but not in substance) may be made in the Warrants thereafter to be issued as may be appropriate.
The Warrant Agent may receive a written opinion of legal counsel as conclusive evidence that any such Reorganization Event complies
with the provisions of this Section 3.4.

 

 

 

 

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(d)              
The Company may, at its option, at any time until the Expiration Date, reduce the then current Warrant Price to any
amount deemed appropriate by the Board of Directors of the Company for any period not exceeding twenty consecutive days (as evidenced
in a resolution adopted by such Board of Directors), but only upon giving the notices required by Section 3.5 at least ten days
prior to taking such action.

 

(e)               
Except as herein otherwise expressly provided, no adjustment in the Warrant Price shall be made by reason of the issuance
of shares of Common Stock, or securities convertible into or exchangeable for shares of Common Stock, or securities carrying the
right to purchase any of the foregoing or for any other reason whatsoever.

 

(f)                 No
fractional Warrant Securities shall be issued upon the exercise of Warrants. If more than one Warrant shall be exercised at one
time by the same holder, the number of full Warrant Securities which shall be issuable upon such exercise shall be computed on
the basis of the aggregate number of Warrant Securities purchased pursuant to the Warrants so exercised. Instead of any fractional
Warrant Security which would otherwise be issuable upon exercise of any Warrant, the Company shall pay a cash adjustment in respect
of such fraction in an amount equal to the same fraction of the last reported sale price (or bid price if there were no sales)
per Warrant Security, in either case as reported on the principal registered national securities exchange on which the Warrant
Securities are listed or admitted to trading on the business day that next precedes the day of exercise or, if the Warrant Securities
are not then listed or admitted to trading on any registered national securities exchange, the average of the closing high bid
and low asked prices as reported on the OTC Bulletin Board Service (the “OTC Bulletin Board”) operated
by the Financial Industry Regulatory Authority, Inc. (“FINRA” ) or, if not available on the OTC Bulletin
Board, then the average of the closing high bid and low asked prices as reported on any other U.S. quotation medium or inter-dealer
quotation system on such date, or if on any such date the Warrant Securities are not listed or admitted to trading on a registered
national securities exchange, are not included in the OTC Bulletin Board, and are not quoted on any other U.S. quotation medium
or inter-dealer quotation system, an amount equal to the same fraction of the average of the closing bid and asked prices as furnished
by any FINRA member firm selected from time to time by the Company for that purpose at the close of business on the business day
that next precedes the day of exercise.

 

(g)               
Whenever the Warrant Price then in effect is adjusted as herein provided, the Company shall mail to each holder of the
Warrants at such holder’s address as it shall appear on the books of the Company a statement setting forth the adjusted Warrant
Price then and thereafter effective under the provisions hereof, together with the facts, in reasonable detail, upon which such
adjustment is based.

 

(h)              
Notwithstanding anything to the contrary herein, in no event shall the Warrant Price, as adjusted in accordance with
the terms hereof, be less than the par value per share of Common Stock.

 

 

 

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3.5              
Notice to Warrantholders. In case the Company shall (a) effect any dividend or distribution described in Section 3.4(b),
(b) effect any Reorganization Event, (c) make any distribution on or in respect of the Common Stock in connection with the dissolution,
liquidation or winding up of the Company, or (d) reduce the then current Warrant Price pursuant to Section 3.4(d), then the Company
shall mail to each holder of Warrants at such holder’s address as it shall appear on the books of the Warrant Agent, at least
ten days prior to the applicable date hereinafter specified, a notice stating (x) the record date for such dividend or distribution,
or, if a record is not to be taken, the date as of which the holders of record of Common Stock that will be entitled to such dividend
or distribution are to be determined, (y) the date on which such Reorganization Event, dissolution, liquidation or winding up is
expected to become effective, and the date as of which it is expected that holders of Common Stock of record shall be entitled
to exchange their shares of Common Stock for securities or other property deliverable upon such Reorganization Event, dissolution,
liquidation or winding up, or (z) the first date on which the then current Warrant Price shall be reduced pursuant to Section 3.4(d).
No failure to mail such notice nor any defect therein or in the mailing thereof shall affect any such transaction or any adjustment
in the Warrant Price required by Section 3.4.

 

3.6              
[If the Warrants are Subject to Acceleration by the Company, Insert — Acceleration of Warrants by the Company.

 

(a)                At
any time on or after [●], the Company shall have the right to accelerate any or all Warrants at any time by causing them
to expire at the close of business on the day next preceding a specified date (the “Acceleration Date”),
if the Market Price (as hereinafter defined) of the Common Stock equals or exceeds [●] percent ([●]%) of the then
effective Warrant Price on any twenty Trading Days (as hereinafter defined) within a period of thirty consecutive Trading Days
ending no more than five Trading Days prior to the date on which the Company gives notice to the Warrant Agent of its election
to accelerate the Warrants.

 

(b)              
(b) “Market Price” for each Trading Day shall be, if the Common Stock is listed or admitted
to trading on any registered national securities exchange, the last reported sale price, regular way (or, if no such price is reported,
the average of the reported closing bid and asked prices, regular way) of Common Stock, in either case as reported on the principal
registered national securities exchange on which the Common Stock is listed or admitted to trading or, if not listed or admitted
to trading on any registered national securities exchange, the average of the closing high bid and low asked prices as reported
on the OTC Bulletin Board operated by FINRA, or if not available on the OTC Bulletin Board, then the average of the closing high
bid and low asked prices as reported on any other U.S. quotation medium or inter-dealer quotation system, or if on any such date
the shares of Common Stock are not listed or admitted to trading on a registered national securities exchange, are not included
in the OTC Bulletin Board, and are not quoted on any other U.S. quotation medium or inter-dealer quotation system, the average
of the closing bid and asked prices as furnished by any FINRA member firm selected from time to time by the Company for that purpose.
“Trading Day” shall be each Monday through Friday, other than any day on which securities are not traded in the system
or on the exchange that is the principal market for the Common Stock, as determined by the Board of Directors of the Company. In
the event of an acceleration of less than all of the Warrants, the Warrant Agent shall select the Warrants to be accelerated by
lot, pro rata or in such other manner as it deems, in its discretion, to be fair and appropriate.

 

(c)               
Notice of an acceleration specifying the Acceleration Date shall be sent by mail first class, postage prepaid, to each
registered holder of a Warrant Certificate representing a Warrant accelerated at such holder’s address appearing on the books
of the Warrant Agent not more than sixty days nor less than thirty days before the Acceleration Date. Such notice of an acceleration
also shall be given no more than twenty days, and no less than ten days, prior to the mailing of notice to registered holders of
Warrants pursuant to this Section 3.6, by publication at least once in a newspaper of general circulation in the City of New York.

 

 

 

 

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(d)              
Any Warrant accelerated may be exercised until [●] p.m., [City] time, on the business day next preceding the Acceleration
Date. The Warrant Price shall be payable as provided in Section 2.]

 

Article
4

EXCHANGE AND TRANSFER OF WARRANT CERTIFICATES

 

4.1              
Exchange and Transfer of Warrant Certificates. Upon surrender at the corporate trust office of the Warrant Agent, Warrant
Certificates evidencing Warrants may be exchanged for Warrant Certificates in other denominations evidencing such Warrants or the
transfer thereof may be registered in whole or in part; provided that such other Warrant Certificates evidence Warrants for the
same aggregate number of Warrant Securities as the Warrant Certificates so surrendered. The Warrant Agent shall keep, at its corporate
trust office, books in which, subject to such reasonable regulations as it may prescribe, it shall register Warrant Certificates
and exchanges and transfers of outstanding Warrant Certificates, upon surrender of the Warrant Certificates to the Warrant Agent
at its corporate trust office for exchange or registration of transfer, properly endorsed or accompanied by appropriate instruments
of registration of transfer and written instructions for transfer, all in form satisfactory to the Company and the Warrant Agent.
No service charge shall be made for any exchange or registration of transfer of Warrant Certificates, but the Company may require
payment of a sum sufficient to cover any stamp or other tax or other governmental charge that may be imposed in connection with
any such exchange or registration of transfer. Whenever any Warrant Certificates are so surrendered for exchange or registration
of transfer, an authorized officer of the Warrant Agent shall manually countersign and deliver to the person or persons entitled
thereto a Warrant Certificate or Warrant Certificates duly authorized and executed by the Company, as so requested. The Warrant
Agent shall not be required to effect any exchange or registration of transfer which will result in the issuance of a Warrant Certificate
evidencing a Warrant for a fraction of a Warrant Security or a number of Warrants for a whole number of Warrant Securities and
a fraction of a Warrant Security. All Warrant Certificates issued upon any exchange or registration of transfer of Warrant Certificates
shall be the valid obligations of the Company, evidencing the same obligations and entitled to the same benefits under this Agreement
as the Warrant Certificate surrendered for such exchange or registration of transfer.

 

4.2              
Treatment of Holders of Warrant Certificates. The Company, the Warrant Agent and all other persons may treat the registered
holder of a Warrant Certificate as the absolute owner thereof for any purpose and as the person entitled to exercise the rights
represented by the Warrants evidenced thereby, any notice to the contrary notwithstanding.

 

4.3              
Cancellation of Warrant Certificates. Any Warrant Certificate surrendered for exchange, registration of transfer or
exercise of the Warrants evidenced thereby shall, if surrendered to the Company, be delivered to the Warrant Agent and all Warrant
Certificates surrendered or so delivered to the Warrant Agent shall be promptly canceled by the Warrant Agent and shall not be
reissued and, except as expressly permitted by this Agreement, no Warrant Certificate shall be issued hereunder in exchange therefor
or in lieu thereof. The Warrant Agent shall deliver to the Company from time to time or otherwise dispose of canceled Warrant Certificates
in a manner satisfactory to the Company.

 

 

 

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Article
5

CONCERNING THE WARRANT AGENT

 

5.1              
Warrant Agent. The Company hereby appoints [●] as Warrant Agent of the Company in respect of the Warrants and
the Warrant Certificates upon the terms and subject to the conditions herein set forth, and [●] hereby accepts such appointment.
The Warrant Agent shall have the powers and authority granted to and conferred upon it in the Warrant Certificates and hereby and
such further powers and authority to act on behalf of the Company as the Company may hereafter grant to or confer upon it. All
of the terms and provisions with respect to such powers and authority contained in the Warrant Certificates are subject to and
governed by the terms and provisions hereof.

 

5.2              
Conditions of Warrant Agent’s Obligations. The Warrant Agent accepts its obligations herein set forth upon the
terms and conditions hereof, including the following to all of which the Company agrees and to all of which the rights hereunder
of the holders from time to time of the Warrant Certificates shall be subject:

 

(a)               
Compensation and Indemnification. The Company agrees promptly to pay the Warrant Agent the compensation to be agreed
upon with the Company for all services rendered by the Warrant Agent and to reimburse the Warrant Agent for reasonable out-of-pocket
expenses (including reasonable counsel fees) incurred without negligence, bad faith or willful misconduct by the Warrant Agent
in connection with the services rendered hereunder by the Warrant Agent. The Company also agrees to indemnify the Warrant Agent
for, and to hold it harmless against, any loss, liability or expense incurred without negligence, bad faith or willful misconduct
on the part of the Warrant Agent, arising out of or in connection with its acting as Warrant Agent hereunder, including the reasonable
costs and expenses of defending against any claim of such liability.

 

(b)              
Agent for the Company. In acting under this Agreement and in connection with the Warrant Certificates, the Warrant Agent
is acting solely as agent of the Company and does not assume any obligations or relationship of agency or trust for or with any
of the holders of Warrant Certificates or beneficial owners of Warrants.

 

(c)               
Counsel. The Warrant Agent may consult with counsel satisfactory to it, which may include counsel for the Company, and
the written advice of such counsel shall be full and complete authorization and protection in respect of any action taken, suffered
or omitted by it hereunder in good faith and in accordance with the advice of such counsel.

 

(d)              
Documents. The Warrant Agent shall be protected and shall incur no liability for or in respect of any action taken or
omitted by it in reliance upon any Warrant Certificate, notice, direction, consent, certificate, affidavit, statement or other
paper or document reasonably believed by it to be genuine and to have been presented or signed by the proper parties.

 

(e)               
Certain Transactions. The Warrant Agent, and its officers, directors and employees, may become the owner of, or acquire
any interest in, Warrants, with the same rights that it or they would have if it were not the Warrant Agent hereunder, and, to
the extent permitted by applicable law, it or they may engage or be interested in any financial or other transaction with the Company
and may act on, or as depositary, trustee or agent for, any committee or body of holders of Warrant Securities or other obligations
of the Company as freely as if it were not the Warrant Agent hereunder. Nothing in this Agreement shall be deemed to prevent the
Warrant Agent from acting as trustee under any indenture to which the Company is a party.

 

 

 

 

    	 	9	 

     

    

 

(f)                
No Liability for Interest. Unless otherwise agreed with the Company, the Warrant Agent shall have no liability for interest
on any monies at any time received by it pursuant to any of the provisions of this Agreement or of the Warrant Certificates.

 

(g)               
No Liability for Invalidity. The Warrant Agent shall have no liability with respect to any invalidity of this Agreement
or any of the Warrant Certificates (except as to the Warrant Agent’s countersignature thereon).

 

(h)              
No Responsibility for Representations. The Warrant Agent shall not be responsible for any of the recitals or representations
herein or in the Warrant Certificates (except as to the Warrant Agent’s countersignature thereon), all of which are made
solely by the Company.

 

(i)                
No Implied Obligations. The Warrant Agent shall be obligated to perform only such duties as are herein and in the Warrant
Certificates specifically set forth and no implied duties or obligations shall be read into this Agreement or the Warrant Certificates
against the Warrant Agent. The Warrant Agent shall not be under any obligation to take any action hereunder which may tend to involve
it in any expense or liability, the payment of which within a reasonable time is not, in its reasonable opinion, assured to it.
The Warrant Agent shall not be accountable or under any duty or responsibility for the use by the Company of any of the Warrant
Certificates authenticated by the Warrant Agent and delivered by it to the Company pursuant to this Agreement or for the application
by the Company of the proceeds of the Warrant Certificates. The Warrant Agent shall have no duty or responsibility in case of any
default by the Company in the performance of its covenants or agreements contained herein or in the Warrant Certificates or in
the case of the receipt of any written demand from a holder of a Warrant Certificate with respect to such default, including, without
limiting the generality of the foregoing, any duty or responsibility to initiate or attempt to initiate any proceedings at law
or otherwise or, except as provided in Section 6.2 hereof, to make any demand upon the Company.

 

5.3              
Resignation, Removal and Appointment of Successors.

 

(a)               
The Company agrees, for the benefit of the holders from time to time of the Warrant Certificates, that there shall at
all times be a Warrant Agent hereunder until all the Warrants have been exercised or are no longer exercisable.

 

(b)              
The Warrant Agent may at any time resign as agent by giving written notice to the Company of such intention on its part,
specifying the date on which its desired resignation shall become effective; provided that such date shall not be less than three
months after the date on which such notice is given unless the Company otherwise agrees. The Warrant Agent hereunder may be removed
at any time by the filing with it of an instrument in writing signed by or on behalf of the Company and specifying such removal
and the intended date when it shall become effective. Such resignation or removal shall take effect upon the appointment by the
Company, as hereinafter provided, of a successor Warrant Agent (which shall be a bank or trust company authorized under the laws
of the jurisdiction of its organization to exercise corporate trust powers) and the acceptance of such appointment by such successor
Warrant Agent. The obligation of the Company under Section 5.2(a) shall continue to the extent set forth therein notwithstanding
the resignation or removal of the Warrant Agent.

 

 

 

 

 

    	 	10	 

     

    

 

(c)               
In case at any time the Warrant Agent shall resign, or shall be removed, or shall become incapable of acting, or shall
be adjudged a bankrupt or insolvent, or shall commence a voluntary case under the Federal bankruptcy laws, as now or hereafter
constituted, or under any other applicable Federal or state bankruptcy, insolvency or similar law or shall consent to the appointment
of or taking possession by a receiver, custodian, liquidator, assignee, trustee, sequestrator (or other similar official) of the
Warrant Agent or its property or affairs, or shall make an assignment for the benefit of creditors, or shall admit in writing its
inability to pay its debts generally as they become due, or shall take corporate action in furtherance of any such action, or a
decree or order for relief by a court having jurisdiction in the premises shall have been entered in respect of the Warrant Agent
in an involuntary case under the Federal bankruptcy laws, as now or hereafter constituted, or any other applicable Federal or state
bankruptcy, insolvency or similar law, or a decree or order by a court having jurisdiction in the premises shall have been entered
for the appointment of a receiver, custodian, liquidator, assignee, trustee, sequestrator (or similar official) of the Warrant
Agent or of its property or affairs, or any public officer shall take charge or control of the Warrant Agent or of its property
or affairs for the purpose of rehabilitation, conservation, winding up or liquidation, a successor Warrant Agent, qualified as
aforesaid, shall be appointed by the Company by an instrument in writing, filed with the successor Warrant Agent. Upon the appointment
as aforesaid of a successor Warrant Agent and acceptance by the successor Warrant Agent of such appointment, the Warrant Agent
shall cease to be Warrant Agent hereunder.

 

(d)              
Any successor Warrant Agent appointed hereunder shall execute, acknowledge and deliver to its predecessor and to the
Company an instrument accepting such appointment hereunder, and thereupon such successor Warrant Agent, without any further act,
deed or conveyance, shall become vested with all the authority, rights, powers, trusts, immunities, duties and obligations of such
predecessor with like effect as if originally named as Warrant Agent hereunder, and such predecessor, upon payment of its charges
and disbursements then unpaid, shall thereupon become obligated to transfer, deliver and pay over, and such successor Warrant Agent
shall be entitled to receive, all monies, securities and other property on deposit with or held by such predecessor, as Warrant
Agent hereunder.

 

(e)               
Any corporation into which the Warrant Agent hereunder may be merged or converted or any corporation with which the
Warrant Agent may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Warrant
Agent shall be a party, or any corporation to which the Warrant Agent shall sell or otherwise transfer all or substantially all
the assets and business of the Warrant Agent, provided that it shall be qualified as aforesaid, shall be the successor Warrant
Agent under this Agreement without the execution or filing of any paper or any further act on the part of any of the parties hereto.

 

Article
6

MISCELLANEOUS

 

6.1              
Amendment. This Agreement may be amended by the parties hereto, without the consent of the holder of any Warrant Certificate,
for the purpose of curing any ambiguity, or of curing, correcting or supplementing any defective provision contained herein, or
making any other provisions with respect to matters or questions arising under this Agreement as the Company and the Warrant Agent
may deem necessary or desirable; provided that such action shall not materially adversely affect the interests of the holders of
the Warrant Certificates.

 

6.2              
Notices and Demands to the Company and Warrant Agent. If the Warrant Agent shall receive any notice or demand addressed
to the Company by the holder of a Warrant Certificate pursuant to the provisions of the Warrant Certificates, the Warrant Agent
shall promptly forward such notice or demand to the Company.

 

6.3              
Addresses. Any communication from the Company to the Warrant Agent with respect to this Agreement shall be addressed
to [●], Attention: [●] and any communication from the Warrant Agent to the Company with respect to this Agreement shall
be addressed to Aethlon Medical, Inc., 9635 Granite Ridge Drive, Suite 100, San Diego, California 92123, Attention: [●] (or
such other address as shall be specified in writing by the Warrant Agent or by the Company).

 

 

 

 

    	 	11	 

     

    

 

6.4              
Governing Law. This Agreement and each Warrant Certificate issued hereunder shall be governed by and construed in accordance
with the laws of the State of New York.

 

6.5              
Delivery of Prospectus. The Company shall furnish to the Warrant Agent sufficient copies of a prospectus meeting the
requirements of the Securities Act of 1933, as amended, relating to the Warrant Securities deliverable upon exercise of the Warrants
(the “Prospectus”), and the Warrant Agent agrees that upon the exercise of any Warrant, the Warrant Agent
will deliver to the holder of the Warrant Certificate evidencing such Warrant, prior to or concurrently with the delivery of the
Warrant Securities issued upon such exercise, a Prospectus. The Warrant Agent shall not, by reason of any such delivery, assume
any responsibility for the accuracy or adequacy of such Prospectus.

 

6.6              
Obtaining of Governmental Approvals. The Company will from time to time take all action which may be necessary to obtain
and keep effective any and all permits, consents and approvals of governmental agencies and authorities and securities act filings
under United States Federal and state laws (including without limitation a registration statement in respect of the Warrants and
Warrant Securities under the Securities Act of 1933, as amended), which may be or become requisite in connection with the issuance,
sale, transfer, and delivery of the Warrant Securities issued upon exercise of the Warrants, the issuance, sale, transfer and delivery
of the Warrants or upon the expiration of the period during which the Warrants are exercisable.

 

6.7              
Persons Having Rights Under the Agreement. Nothing in this Agreement shall give to any person other than the Company,
the Warrant Agent and the holders of the Warrant Certificates any right, remedy or claim under or by reason of this Agreement.

 

6.8              
Headings. The descriptive headings of the several Articles and Sections of this Agreement are inserted for convenience
only and shall not control or affect the meaning or construction of any of the provisions hereof.

 

6.9              
Counterparts. This Agreement may be executed in any number of counterparts, each of which as so executed shall be deemed
to be an original, but such counterparts shall together constitute but one and the same instrument.

 

6.10          
Inspection of Agreement. A copy of this Agreement shall be available at all reasonable times at the principal corporate
trust office of the Warrant Agent for inspection by the holder of any Warrant Certificate. The Warrant Agent may require such holder
to submit such holder’s Warrant Certificate for inspection by it.

 

 

 

 

 

    	 	12	 

     

    

 

In
Witness Whereof, the parties hereto have caused this Agreement to be duly executed as of the day and year first above
written.

 

 

	 	Aethlon Medical, Inc., as Company
	 	 
	 	By: ___________________________
	 	Name: _________________________
	 	Title: __________________________
	 	 
	 	Attest: _______________________
	 	________________________
	 	 
	 	 
	 	Countersigned
	 	 
	 	[●],
as Warrant Agent
	 	 
	 	By: ___________________________
	 	Name: _________________________
	 	Title: __________________________
	 	 
	 	Attest: _______________________
	 	_________________________

 

 

 

 

 

[Signature Page to Aethlon
Medical, Inc. Common Stock Warrant Agreement]

 

    	 	13	 

     

    

 

Exhibit
A

 

FORM OF WARRANT CERTIFICATE

[FACE OF WARRANT CERTIFICATE]

 

	 	 	 
	 	 	 
	 	 
	[Form of Legend if Warrants are not immediately exercisable.]	 	[Prior to [●], Warrants evidenced by this Warrant Certificate cannot be exercised.]

 

EXERCISABLE ONLY IF COUNTERSIGNED
BY THE WARRANT AGENT AS PROVIDED HEREIN

 

VOID AFTER [●] P.M., [City] time,
ON [●].

 

 

 

 

 

 

 

 

 

 

 

 

    	 	14	 

     

    

 

AETHLON MEDICAL, INC.

WARRANT CERTIFICATE REPRESENTING

WARRANTS TO PURCHASE

COMMON STOCK, PAR VALUE $0.001 PER SHARE

 

	No. [●]	[●] Warrants

 

This certifies that [●]
or registered assigns is the registered owner of the above indicated number of Warrants, each Warrant entitling such owner to purchase,
at any time [after [●] p.m., [City] time, [on [●] and] on or before [●] p.m., [City] time, on [●], [●] shares
of Common Stock, par value $0.001 per share (the “Warrant Securities”), of Aethlon Medical, Inc.
(the “Company”) on the following basis: during the period from [●], through and including [●],
the exercise price per Warrant Security will be $[●], subject to adjustment as provided in the Warrant Agreement (as hereinafter
defined) (the “Warrant Price”). The Holder may exercise the Warrants evidenced hereby by providing certain
information set forth on the back hereof and by paying in full, in lawful money of the United States of America, [in cash or by
certified check or official bank check in New York Clearing House funds] [by bank wire transfer in immediately available funds],
the Warrant Price for each Warrant Security with respect to which this Warrant is exercised to the Warrant Agent (as hereinafter
defined) and by surrendering this Warrant Certificate, with the purchase form on the back hereof duly executed, at the corporate
trust office of [name of Warrant Agent], or its successor as warrant agent (the “Warrant Agent”), which
is, on the date hereof, at the address specified on the reverse hereof, and upon compliance with and subject to the conditions
set forth herein and in the Warrant Agreement (as hereinafter defined).

 

The term “Holder”
as used herein shall mean the person in whose name at the time this Warrant Certificate shall be registered upon the books to be
maintained by the Warrant Agent for that purpose pursuant to Section 4 of the Warrant Agreement.

 

The Warrants evidenced
by this Warrant Certificate may be exercised to purchase a whole number of Warrant Securities in registered form. Upon any exercise
of fewer than all of the Warrants evidenced by this Warrant Certificate, there shall be issued to the Holder hereof a new Warrant
Certificate evidencing Warrants for the number of Warrant Securities remaining unexercised.

 

This Warrant Certificate
is issued under and in accordance with the Warrant Agreement dated as of [●] (the “Warrant Agreement”),
between the Company and the Warrant Agent and is subject to the terms and provisions contained in the Warrant Agreement, to all
of which terms and provisions the Holder of this Warrant Certificate consents by acceptance hereof. Copies of the Warrant Agreement
are on file at the above-mentioned office of the Warrant Agent.

 

Transfer of this Warrant
Certificate may be registered when this Warrant Certificate is surrendered at the corporate trust office of the Warrant Agent by
the registered owner or such owner’s assigns, in the manner and subject to the limitations provided in the Warrant Agreement.

 

After countersignature
by the Warrant Agent and prior to the expiration of this Warrant Certificate, this Warrant Certificate may be exchanged at the
corporate trust office of the Warrant Agent for Warrant Certificates representing Warrants for the same aggregate number of Warrant
Securities.

 

This Warrant Certificate
shall not entitle the Holder hereof to any of the rights of a holder of the Warrant Securities, including, without limitation,
the right to receive payments of dividends or distributions, if any, on the Warrant Securities (except to the extent set forth
in the Warrant Agreement) or to exercise any voting rights.

 

 

 

 

    	 	15	 

     

    

 

Reference is hereby made
to the further provisions of this Warrant Certificate set forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.

 

This Warrant Certificate
shall not be valid or obligatory for any purpose until countersigned by the Warrant Agent.

 

In
Witness Whereof, the Company has caused this Warrant to be executed in its name and on its behalf by the facsimile signatures
of its duly authorized officers.

 

	Dated:	____________	 
	 	 	 
	Aethlon Medical, Inc., as Company	 
	 	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 
	 	 	 
	ATTEST:	 	 
	 	 	 
	 	 	 
	 	 	 
	COUNTERSIGNED	 	 
	 	 	 
	 [●], as Warrant Agent	 	 
	 	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 
	 	 	 
	ATTEST:	 	 
	 	 	 

 

 

 

 

 

 

 

 

    	 	16	 

     

    

 

[REVERSE OF WARRANT CERTIFICATE]

 

(Instructions for Exercise of Warrant)

 

To exercise any Warrants
evidenced hereby for Warrant Securities (as hereinafter defined), the Holder must pay, in lawful money of the United States of
America, [in cash or by certified check or official bank check in New York Clearing House funds] [by bank wire transfer in immediately
available funds], the Warrant Price in full for Warrants exercised, to [●] [address of Warrant Agent], Attention: [●],
which payment must specify the name of the Holder and the number of Warrants exercised by such Holder. In addition, the Holder
must complete the information required below and present this Warrant Certificate in person or by mail (certified or registered
mail is recommended) to the Warrant Agent at the appropriate address set forth above. This Warrant Certificate, completed and duly
executed, must be received by the Warrant Agent within five business days of the payment.

 

(To be executed upon exercise of Warrants)

 

The undersigned hereby
irrevocably elects to exercise ______ Warrants, evidenced by this Warrant Certificate, to purchase _______ shares of the Common
Stock, par value $0.001 per share (the “Warrant Securities”), of Aethlon Medical, Inc. and represents
that the undersigned has tendered payment for such Warrant Securities, in lawful money of the United States of America, [in cash
or by certified check or official bank check in New York Clearing House funds] [by bank wire transfer in immediately available
funds], to the order of Aethlon Medical, Inc., c/o [insert name and address of Warrant Agent], in the amount of $_________ in accordance
with the terms hereof. The undersigned requests that said Warrant Securities be in fully registered form in the authorized denominations,
registered in such names and delivered all as specified in accordance with the instructions set forth below.

 

If the number of Warrants
exercised is less than all of the Warrants evidenced hereby, the undersigned requests that a new Warrant Certificate evidencing
the Warrants for the number of Warrant Securities remaining unexercised be issued and delivered to the undersigned unless otherwise
specified in the instructions below.

 

	Dated:	 	 	Name:	 
	 	 	 	 	Please Print

 

Address:

_________________________________________

(Insert Social Security or Other
Identifying Number

of Holder)

 

Signature Guaranteed: ____________________________

Signature

 

(Signature must conform in all respects
to name of holder as specified on the face of this Warrant Certificate and must bear a signature guarantee by a FINRA member firm).

 

This Warrant may be exercised at the following
addresses: By hand at:

 

[●]

 

By mail at:

[Instructions as to form and delivery of
Warrant Securities and, if applicable, Warrant Certificates evidencing Warrants for the number of Warrant Securities remaining
unexercised—complete as appropriate.]

 

 

 

    	 	17	 

     

    

 

 

ASSIGNMENT

 

[Form of assignment to be executed if Warrant
Holder desires to transfer Warrant]

 

For
Value Received, ______________ hereby sells, assigns and transfers unto:

 

	 	 	 
	(Please print name and address
including zip code)	 	Please print Social Security or other identifying number

 

the right represented by the within Warrant
to purchase _______________ shares of [Title of Warrant Securities] of Aethlon Medical, Inc. to which the within Warrant relates
and appoints ____________________ attorney to transfer such right on the books of the Warrant Agent with full power of substitution
in the premises.

 

	Dated:	 	 	Name:	 
	 	 	 	 	Signature

 

 

(Signature must conform in all respects
to name of holder as specified on the face of the Warrant)

 

Signature Guaranteed

_________________________________

 

 

 

 

 

 

 

    	 	18EX-10.1

 Exhibit 10.1 

Execution Version 

SECOND AMENDMENT TO CREDIT AGREEMENT 

This SECOND AMENDMENT to the Credit Agreement referred to below, dated as of March 19, 2020 (this “Second
Amendment”) by and among HLF Financing SaRL, LLC, a Delaware limited liability company (the “Term Loan Borrower”), Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with limited
liability with company number 116838 and with its registered office at Maples Corporate Services Limited, P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands (“Parent”),
Herbalife International Luxembourg S.à R.L., a Luxembourg private limited liability company (société à responsabilité limitée),
existing and organized under the laws of Luxembourg, having its registered office at 16, avenue de la Gare, L-1610 Luxembourg and registered with the Luxembourg Register of Commerce and Companies (R.C.S.
Luxembourg) under number B 88.006 (“HIL”), Herbalife International, Inc., a Nevada corporation (“HII” and, together with Parent, the Term Loan Borrower and HIL, the “Revolver
Borrowers”; the Revolver Borrowers, together with the Term Loan Borrower, are referred to herein as the “Borrowers”), certain subsidiaries of the Borrowers as Subsidiary Guarantors, the Term Loan A Lenders and
the Revolving Credit Lenders under the Credit Agreement party hereto (consisting of at least the Required Pro Rata Facility Lenders (as defined in the Credit Agreement)), the Replacement Lender (as defined below) and Coöperatieve Rabobank U.A.,
New York Branch (“Rabobank”) as Term Loan A Agent and Revolver Administrative Agent (each as defined in the Credit Agreement). Capitalized terms not otherwise defined in this Second Amendment have the same meanings as
specified in the Amended Credit Agreement (as defined below). 
 RECITALS 

WHEREAS, the Borrowers, the Subsidiary Guarantors, the several Lenders (as defined in the Credit Agreement) from time to time party thereto,
Rabobank as the Term Loan A Agent and Revolver Administrative Agent and Jefferies Finance LLC, as the administrative agent for the Term Loan B Lenders and the Collateral Agent have entered into that certain Credit Agreement, dated as of
August 16, 2018 (together with all exhibits and schedules attached thereto, and as amended by the First Amendment to Credit Agreement, dated as of December 12, 2019, and as further amended, restated, amended and restated, supplemented or
otherwise modified prior to the date hereof, the “Credit Agreement” and as amended by this Second Amendment, the “Amended Credit Agreement”); 

WHEREAS, in connection with this Second Amendment, (i) Rabobank will act as a joint lead arranger and sole bookrunner, (ii) Citizens
Bank, N.A., Citicorp North America, Inc., Fifth Third Bank, Mizuho Bank, Ltd., Bank of America, N.A., and Compass Bank d/b/a BBVA Compass will act as joint lead arrangers, and (iii) Comerica Bank and Standard Chartered Bank will act as co-syndication agents. The sole bookrunner, each of the joint lead arrangers and each of the co-syndication agent in such capacities accept such appointment and will perform
the duties and exercise the authority customarily associated with such roles. 
 WHEREAS, each Borrower, the undersigned Lenders (including
the Replacement Lender) and Coöperatieve Rabobank U.A., New York Branch in its capacities as the Term Loan A Agent and the Revolver Administrative Agent (in such capacities together, the “Pro Rata Agent”) have agreed to
amend the Credit Agreement as hereinafter set forth; 

 WHEREAS, each relevant Term Loan A Lender and Revolving Credit Lender (the Term Loan A
Lenders and Revolving Credit Lenders together, the “Pro Rata Lenders”) under the Credit Agreement immediately prior to the Second Amendment Effective Date (as defined below) (collectively, the “Existing Pro Rata
Lenders”) that executes and delivers a signature page to this Second Amendment (the “Consenting Pro Rata Lenders”) hereby agree to the terms and conditions of this Second Amendment; 

WHEREAS, each Existing Pro Rata Lender that fails to execute and return a signature page to this Second Amendment (each, a “Non-Consenting Pro Rata Lender”) shall, in accordance with Section 2.21(c) of the Credit Agreement, assign and delegate, without recourse (in accordance with Section 2.21(d) and
Section 9.4 of the Credit Agreement), all of its interests, rights and obligations under the Credit Agreement and the related Loan Documents in respect of its existing Term A Loans, Revolving Credit Commitments and Revolving Credit Loans to an
assignee that shall assume such obligations as specified in the applicable Master Assignment and Acceptance Agreement substantially in the form attached hereto as Annex A (a “Master Assignment”), as further set forth
in this Second Amendment; 
 WHEREAS, each Loan Party party hereto (collectively, the “Reaffirming Parties”, and
each, a “Reaffirming Party”) expects to realize substantial direct and indirect benefits as a result of this Second Amendment becoming effective and the consummation of the transactions contemplated hereby and agrees to
reaffirm its obligations, guaranties and any security interests granted by it pursuant to the Credit Agreement, the Collateral Documents, and the other Loan Documents to which it is a party; 

WHEREAS, in addition to the foregoing, pursuant to Section 2.23(a) of the Credit Agreement, (i) the Term Loan Borrower has provided
to the Term Loan A Agent, and this Second Amendment shall be deemed to constitute, a request to incur additional Term Loans under the Term Loans A Facility in an aggregate principal amount of $30,468,750 as an Incremental Term Loan A Facility (the
“Additional Term A Loans” and, the commitments with respect thereto, the “Additional Term Loan A Commitments”) on terms identical to those applicable to the existing Term Loan A Facility (including
pricing terms (other than original issue discount or upfront fees), tenor, rights of payment and prepayment and right of security), as amended by this Second Amendment and (ii) the Revolver Borrowers have provided to the Revolver Administrative
Agent a request to incur an increase in the Revolving Credit Commitments in an aggregate principal amount of $32,500,000 as an Incremental Revolving Increase (the “Additional Revolving Commitments”, together with Additional
Term Loan A Commitments, the “Additional Commitments”; and the Revolving Credit Loans made pursuant to the Additional Revolving Commitments, the “Additional Revolving Loans”) on terms identical to the
those applicable to the existing Revolving Credit Facility (including as to pricing (other than original issue discount or upfront fees), tenor, rights of payment and prepayment and right of security), as amended by this Second Amendment. The Term
Loan Borrower has requested that such Additional Term A Loan be provided by banks or other financial institutions that become Lenders or are existing Lenders under the Credit Agreement (each such Person committing to provide and providing any such
Additional Term A Loan on the Second Amendment Effective Date being referred to herein as an “Incremental Term Loan A Lender”). Further, the Revolver Borrowers have requested that such Additional Revolving Commitments be
provided by banks or other financial institutions that become Lenders or are existing Lenders under the Credit Agreement (each such Person committing to provide and providing any such Additional Revolving Commitments on the Second Amendment
Effective Date being referred to herein as an “Incremental Revolving Credit Lender”, together with each Incremental Term Loan A Lender, the “Incremental Lenders”); 

  
 2 

 WHEREAS, each Person listed on Schedule I hereto as an Incremental Lender is willing
to provide an Additional Commitment in the amount set forth on Schedule I hereto on the terms and conditions hereof; 
 WHEREAS,
(a) the Incremental Lenders agreeing to make the Additional Term A Loans and Additional Revolving Commitments are willing to grant the extension of credit contemplated hereby, on the terms and subject to the conditions of this Second Amendment
and (b) to the extent such consent is required, the Pro Rata Agent consents to each of the Incremental Lenders being Lenders, each of the Incremental Term Loan A Lenders being Term Loan A Lenders, and each of the Incremental Revolving Credit
Lenders being Revolving Credit Lenders, under the Credit Agreement; and 
 NOW, THEREFORE, in consideration of the covenants and agreements
contained herein, as well as other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

SECTION 1. Amendments to Credit Agreement. The Credit Agreement is, effective as of the Second Amendment Effective Date, and subject to
the satisfaction of the conditions precedent set forth in SECTION 3 below, hereby amended as follows: 
 (a) Amendments to
Section 1.01: Definitions. 
 (i) Section 1.01 of the Credit Agreement is
hereby amended by adding the following new definitions thereto in proper alphabetical order: 
 “Second
Amendment” means that certain Second Amendment to Credit Agreement, dated as of March 19, 2020, by and among the Borrowers, the Subsidiary Guarantors, the Term Loan A Agent, the Revolver Administrative Agent and the Lenders party
thereto. 
 “Second Amendment Effective Date” means the date on which all of the conditions contained in
Section 3 of the Second Amendment have been satisfied or waived in accordance with the terms of the Second Amendment. 

(ii) Section 1.01 of the Credit Agreement is hereby amended by deleting the definitions set forth
below in their entirety and replacing them with the following: 
 “Applicable Margin”: (a) with respect to
Term A Loans, the rate per annum equal to (i) for ABR Loans, 1.50%, and (ii) for Eurodollar Loans, 2.50%, (b) with respect to Term B Loans, the rate per annum equal to (i) for ABR Loans, 1.75%, and (ii) for
Eurodollar Loans, 2.75%, (c) with respect to Revolving Credit Loans, the rate per annum equal to (i) for ABR Loans, 1.50% and (ii) for Eurodollar Loans, 2.50%, (d) with respect to any Incremental Facility, the rate or rates per
annum set 

  
 3 

 
forth in the applicable Incremental Facility Amendment, (e) with respect to any Extended Revolving Credit Commitment or Extended Term Loan, the rate or rates per annum specified in the
applicable Extension Offer and (f) with respect to any Replacement Facility, the rate or rates per annum specified in the applicable Replacement Facility Amendment. 

“Revolving Commitment Fee Rate”: the rate per annum equal to 0.35% on the undrawn portion of the
Revolving Credit Commitments (excluding any Revolving Credit Commitments of Defaulting Lenders, except to the extent such Revolving Credit Commitments are reallocated under the same terms to Lenders that are not Defaulting Lenders). 

“Revolving Credit Maturity Date”: with respect to (a) Revolving Credit Commitments (including, for the
avoidance of doubt, any Incremental Revolving Increases) that have not been extended pursuant to Section 2.25, March 19, 2025; provided that “Revolving Credit Maturity Date” with respect to the Revolving Commitments shall mean
the date that is 182 days prior to the scheduled maturity date of the 2018 Convertible Notes if (i) the aggregate principal amount of the 2018 Convertible Notes outstanding on such date exceeds $350.0 million and (ii) either (x) the
First Lien Net Leverage Ratio as of such date is greater than 1.50:1.00 or (y) the Total Net Leverage Ratio as of such date is greater than 3.50:1.00, (b) with respect to Extended Revolving Credit Commitments, the final maturity date therefor
as specified in the applicable Extension Offer accepted by the respective Revolving Credit Lender or Revolving Credit Lenders and (c) with respect to any commitments under a Replacement Revolving Credit Facility, the final maturity date
therefor specified in the applicable Replacement Facility Amendment. 
 “Term Loan A Maturity Date”:
March 19, 2025; provided that “Term Loan A Maturity Date” with respect to Term A Loans shall mean the date that is 182 days prior to the scheduled maturity date of the 2018 Convertible Notes if (i) the aggregate principal amount
of the 2018 Convertible Notes outstanding on such date exceeds $350.0 million and (ii) either (x) the First Lien Net Leverage Ratio as of such date is greater than 1.50:1.00 or (y) the Total Net Leverage Ratio as of such date is
greater than 3.50:1.00. 
 (b) Amendment to Section 2.3(a). Section 2.3(a) of the Credit
Agreement is hereby amended by deleting the section in its entirety and replacing it with the following: 
 “(a) The Term A Loan of each
Term Loan A Lender shall be repaid in consecutive quarterly installments on the last day of each fiscal quarter of Parent or, if such date is not a Business Day, on the last Business Day of such fiscal quarter ending nearest to such date (each, a
“Term Loan A Installment Date”), each of which shall be in an aggregate annual amount equal to such Lender’s Term Loan A Percentage multiplied by the amount equal to (1) 5.00% of the aggregate principal amount of the Term Loan
A Facility on the Second Amendment Effective Date commencing on March 31, 2020 and ending on December 31, 2021, (2) 7.50% of the aggregate principal amount of the Term Loan A Facility commencing on March 31, 2022 and

  
 4 

 
ending on December 31, 2023 and (3) 10.00% of the aggregate principal amount of the Term Loan A Facility commencing on March 31, 2024 and ending on December 31, 2024; provided,
that the final principal repayment installment of the Term A Loan repaid on the Term Loan A Maturity Date, shall be, in any event, in an amount equal to the aggregate principal amount of all Term A Loans outstanding on such date. 

(c) Amendment to Schedule 2.1. Schedule 2.1 to the Credit Agreement is hereby amended and restated in the form attached as
Schedule II hereto. 
 SECTION 2. Continuation of Existing Loans; Non-Consenting Pro Rata
Lenders; Other Terms and Agreements. 
 (a) Consenting Pro Rata Lenders. Each Existing Pro Rata Lender executing and delivering a
signature page to this Second Amendment thereby consents and agrees to this Second Amendment. 
 (b)
Non-Consenting Pro Rata Lenders. The applicable Borrower hereby gives notice to each Non-Consenting Pro Rata Lender that, upon receipt of executed signature pages
to this Second Amendment from the Existing Pro Rata Lenders constituting the Required Pro Rata Facility Lenders, if such Non-Consenting Pro Rata Lender has not executed and delivered a signature page to this
Second Amendment, such Non-Consenting Pro Rata Lender shall, pursuant to Section 2.21(d) of the Credit Agreement, execute or be deemed to have executed a counterpart of the Master Assignment and shall in
accordance therewith sell its Assigned Interest as specified in the Master Assignment. Pursuant to the Master Assignment, each Non-Consenting Pro Rata Lender shall sell and assign the principal amount of its
Assigned Interest as set forth in Schedule I to the Master Assignment, as such Schedule is completed by the Pro Rata Agent on or prior to the Second Amendment Effective Date, to Rabobank, as assignee (acting through any of its affiliates as it deems
appropriate, in such capacity the “Replacement Lender”) under such Master Assignment, solely upon the consent and acceptance by the Replacement Lender. The Replacement Lender shall be deemed to have consented to this Second
Amendment with respect to such purchased Loans at the time of such assignment. 
 (c) Each Incremental Lender hereby agrees (a) to make
Additional Term A Loans and Additional Revolving Commitments, as applicable, to the Borrowers on the Second Amendment Effective Date in aggregate principal amounts as set forth on Schedule I hereto and, when combined with the existing Term A
Loans and existing Revolving Credit Commitments, as applicable, held by such Incremental Lender immediately prior to the Second Amendment Effective Date, as set forth on Schedule II hereto and (b) to become a party (if not already a
party) to the Credit Agreement as amended by this Amendment; provided that, such commitments and obligations to make Additional Term A Loans and Additional Revolving Commitments are several and no Incremental Lender shall be responsible for any
other Incremental Lender’s failure to make such Additional Term A Loans or Additional Revolving Commitments, as applicable. 
 (d)
Subject to the terms and conditions set forth herein and in the Credit Agreement, each Issuing Bank whose signature page appears below irrevocably agrees to the terms of this Second Amendment and the Amended Credit Agreement. 

  
 5 

 (e) Notwithstanding anything in the Credit Agreement to the contrary, any Letter of Credit
outstanding on the Second Amendment Effective Date shall be deemed to be outstanding under the Amended Credit Agreement as of the Second Amendment Effective Date, and the LC Exposure and participations in such Letters of Credit shall be reallocated
among the Revolving Credit Lenders under the Amended Credit Agreement in accordance with their respective Applicable Percentages as of the Second Amendment Effective Date. 

(f) The parties hereto hereby agree that, for all purposes under the Amended Credit Agreement and the other Loan Documents, (i) the
Additional Term A Loans will constitute Term A Loans, (ii) the Additional Revolving Credit Commitments will constitute Revolving Credit Commitments, (iii) the Additional Revolving Loans will constitution Revolving Credit Loans,
(iv) each Incremental Term Loan A Lender will be a Term Loan A Lender, (v) each Incremental Revolving Credit Lender will be a Revolving Credit Lender and (vi) (x) the Additional Term A Loans funded on the Second Amendment Effective
Date and the Term A Loans funded under the Credit Agreement on the Closing Date shall collectively constitute one and the same Class, and (y) the Additional Revolving Credit Commitments made on the Second Amendment Effective Date and the
Revolving Credit Commitments under the Credit Agreement on the Closing Date shall collectively constitute one and the same Class. 
 (g) The
Borrowers, each other Loan Party, the Issuing Bank whose signature page appears below and the Lenders whose signatures appear below authorize the Pro Rata Agent to (i) determine all amounts, percentages and other information with respect to the
Revolving Credit Commitments and Revolving Credit Loans of each Revolving Credit Lender, which amounts, percentages and other information may be determined only upon receipt by the Pro Rata Agent of the signature pages of all Revolving Credit
Lenders whose signatures appear below and (ii) enter and complete all such amounts, percentages and other information in the Amended Credit Agreement, as appropriate. The Pro Rata Agent’s determination and entry and completion shall be
conclusive and shall be conclusive evidence of the existence, amounts, percentages and other information with respect to the obligations of the Borrowers under the Amended Credit Agreement, in each case, absent clearly demonstrable error. For the
avoidance of doubt, the provisions of Article 8 and Section 9.3 of each of the Credit Agreement and the Amended Credit Agreement shall apply to any determination, entry or completion made by the Administrative Agent
pursuant to this Section 2(g). 
 SECTION 3. Conditions of Effectiveness. The effectiveness of this Second
Amendment (including the amendments contained in SECTION 1 and agreements contained in SECTION 2) is subject to the satisfaction (or written waiver) of the following conditions (the date of satisfaction of such conditions being referred to herein as
the “Second Amendment Effective Date”): 
 (a) This Second Amendment shall have been duly executed by the Borrowers,
the Subsidiary Guarantors and the Pro Rata Agent (which may include a copy transmitted by facsimile or other electronic method), and delivered to the Pro Rata Agent and the Lenders under the Credit Agreement consisting of at least the Required Pro
Rata Facility Lenders immediately prior to the Second Amendment Effective Date; 

  
 6 

 (b) Rabobank, as Repricing Arranger, shall have received all fees due and payable under that
certain engagement letter, dated as of February 27, 2020, by and among Parent and Rabobank (the “Second Amendment Engagement Letter”); 

(c) The Pro Rata Agent shall have received favorable legal opinions of (A) Gibson, Dunn & Crutcher LLP, special counsel to the
Loan Parties, (B) Snell & Wilmer, L.L.P., Nevada counsel to the Loan Parties, (C) Maples and Calder, Cayman Islands counsel to the Loan Parties, and (D) DLA Piper Luxembourg S.à r.l., Luxembourg counsel to the Loan
Parties, with respect to the capacity of the Luxembourg Loan Parties to enter into the Loan Documents and the subsistence of the existing security, in each case in form and substance reasonably satisfactory to the Pro Rata Agent; 

(d) The Pro Rata Agent shall have received a certificate signed by a Responsible Officer of the Borrowers as to the matters set forth in
paragraphs (g) and (h) of this SECTION 3; 
 (e) The Pro Rata Agent shall have received (I) a certificate dated as of the
Second Amendment Effective Date of the corporate secretary or an assistant or associate corporate secretary or director (or such other officer reasonably acceptable to the Pro Rata Agent) of each of the Loan Parties, in form and substance reasonably
satisfactory to the Pro Rata Agent, certifying (i) that either (A) attached thereto is a true and complete and up to date copy of the articles or certificate of incorporation, memorandum and articles of association or other comparable
organizational documents including any certificate on change of name and all amendments thereto of such Loan Party certified (other than in the case of any Loan Party that is a Cayman Islands exempted company) as of a recent date by the secretary of
state (or comparable Governmental Authority) of its jurisdiction of organization (where applicable), and that the same has not been amended since the date of such certification or (B) the articles or certificate of incorporation or other
comparable organizational documents of such Loan Party delivered on the First Amendment Effective Date to the Pro Rata Agent have not been amended and are in full force and effect, (ii) that either (A) attached thereto is a true and
complete copy of the bylaws or comparable governing documents of such Loan Party, as then in effect and as in effect at all times without amendment of supersession from the date on which the resolutions referred to in clause (iii) below were
adopted to and including the date of such certificate or (B) that the bylaws or comparable governing documents of such Loan Party delivered on the Closing Date to the Pro Rata Agent have not been amended and are in full force and effect and
(iii) that attached thereto is a true and complete copy of resolutions adopted by the board of directors or other comparable governing body or bodies of such Loan Party and, if applicable all the holders of the issued shares of such Loan Party,
authorizing the execution, delivery and performance of this Second Amendment and any related Loan Documents to which it is a party, which are in full force and effect without amendment or supersession as of the date of the certificate, and as to the
incumbency and genuineness of the signature of each officer, director or other comparable authorized manager or attorney of such Loan Party, executing this Second Amendment or any of such other Loan Documents, and attaching all such copies of the
documents described above together with, in the case of the Loan Parties incorporated in the Cayman Islands, copies of their internal registers of directors and officers and registers of mortgages and charges and (II) in respect of (i) any
Luxembourg Loan Party, (ii) WHBL Luxembourg S.à r.l., (iii) Herbalife Luxembourg Distribution S.à r.l., (iv) HLF Luxembourg Distribution S.à r.l. and (v) Herbalife Africa (together the “Luxembourg
Entities” and each a “Luxembourg Entity”), a manager’s certificate dated as of 

  
 7 

 
the Second Amendment Effective Date signed by a manager of the relevant Luxembourg Entity, certifying the following items: (A) an up-to-date copy of the articles of association of the relevant Luxembourg Entity; (B) an electronic true and complete certified excerpt of the Luxembourg Companies Register pertaining to the relevant
Luxembourg Entity dated as of the date of this Agreement; (C) an electronic true and complete certified certificate of non-registration of judgment (certificat de
non-inscription d’une décision judiciaire) dated as of the date of this Agreement issued by the Luxembourg Companies Register and reflecting the situation no more than one Business Day prior to
the date of this Agreement; (D) with respect to the Luxembourg Loan Parties only, true, complete and up-to-date board resolutions approving the entry by the
relevant Luxembourg Loan Party into, among others, the Loan Documents; (E) the relevant Luxembourg Entity is not subject to nor, as applicable, does it meet or threaten to meet the criteria of bankruptcy (faillite), voluntary or judicial
liquidation (liquidation volontaire ou judiciaire), composition with creditors (concordat préventif de la faillite), controlled management (gestion contrôlée), reprieve from payment (sursis de
paiement), general settlement with creditors or similar laws affecting the rights of creditors generally and no application has been made or is to be made by its manager or, as far as it is aware, by any other person for the appointment of a
commissaire, juge-commissaire, liquidateur, curateur or similar officer pursuant to any voluntary or judicial insolvency, winding-up, liquidation or similar proceedings; (F) (with
respect to the Luxembourg Loan Parties only) a true and complete specimen of signatures for each of the managers or authorized signatories having executed for and on behalf of the relevant Luxembourg Loan Party the Loan Documents; (G) a
certificate of the domiciliation agent or signed by a manager of the relevant Luxembourg Entity certifying, as the case may be, (i) due compliance by the relevant Luxembourg Entity with, and adherence to, the provisions of the Luxembourg Law
dated 31 May 1999 concerning the domiciliation of companies, as amended, and the related circulars issued by the Commission de Surveillance du Secteur Financier or (ii) that the premises of the Luxembourg Entity are leased pursuant
to a legal, valid and binding (and still in full force and effect) lease agreement and correspond to sufficient unshared office space, with a separate entrance and sufficient office equipment allowing it to effectively carry out its business
activities; 
 (f) The Pro Rata Agent shall have received a certificate as of a recent date of the good standing of each of the Loan Parties
under the laws of its jurisdiction of organization, from the secretary of state (or comparable Governmental Authority) of such jurisdiction as well as corresponding telephonic bring-down good standing memoranda dated as of the Second Amendment
Effective Date, save that, no such bring-down good standing is required for any Loan Party that is a Cayman Islands exempted company where the above recent date of the certificate of good standing initially provided is no earlier than 10
Business Days prior to the Second Amendment Effective Date; 
 (g) No Default or Event of Default has occurred and is continuing both before
and immediately after giving effect to the transactions contemplated hereby; 
 (h) The representations and warranties of each Loan Party set
forth in SECTION 5(b) of this Second Amendment are true and correct and the representations and warranties of each Loan Party set forth in SECTIONS 5(a) and (c) of this Second Amendment are true and correct in all material
respects on and as of the Second Amendment Effective Date (immediately after giving effect to this Second Amendment) as if made on as of such date, except in the case of any representations and warranties expressly stated to relate to a specific
earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date; provided, that, in each case such materiality qualifier shall not be applicable to any representations or
warranties that already are qualified or modified by materiality or “Material Adverse Effect”; 

  
 8 

 (i) The Pro Rata Agent shall have received a solvency certificate in the form of Exhibit J
of the Credit Agreement from a Responsible Officer of the Parent with respect to the solvency of the Parent and its Subsidiaries, on a consolidated basis, after giving effect to the Second Amendment; 

(j) Know Your Customer and Other Required Information. 

(i) The Pro Rata Agent have received, no later than one (1) Business Day prior to the Second Amendment Effective Date, all
documentation and other information about the Loan Parties as has been reasonably requested in writing at least three (3) Business Days prior to the Second Amendment Effective Date by the Pro Rata Agent with respect to applicable “know
your customer” and anti-money laundering rules and regulations, including the PATRIOT Act; and 
 (ii) At least three
(3) Business Days prior to the Second Amendment Effective Date, any Borrower that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall deliver a Beneficial Ownership Certification in relation to such
Borrower to any Lender that requests such Beneficial Ownership Certification in writing at least three (3) Business Days prior to the Second Amendment Effective Date; 

(k) All fees and expenses required to be paid hereunder or pursuant to the Credit Agreement and the Second Amendment Engagement Letter shall
have been paid in full in cash or will be paid in full in cash on the Second Amendment Effective Date, including, without limitation, all reasonable and documented
out-of-pocket expenses incurred by the Repricing Arranger, the Pro Rata Agent and their respective Affiliates in connection with the execution and delivery of this
Second Amendment; 
 (l) The Replacement Lender shall have executed and delivered the Master Assignment contemplated under SECTION 2
above and all other conditions to the consummation of the assignments in accordance with SECTION 2 above shall have been satisfied and such assignments shall have been consummated or shall be consummated substantially concurrently with the
effectiveness of this Second Amendment; 
 (m) The Borrowers shall have, substantially concurrently with the effectiveness of this
Second Amendment, paid to all Non-Consenting Pro Rata Lenders all interest, indemnities, fees, cost reimbursements and other Obligations (other than principal and all other amounts paid to such Non-Consenting Pro Rata Lender under SECTION 2 above), if any, then due and owing to such Non-Consenting Pro Rata Lenders under the Credit Agreement and the other Loan
Documents (immediately prior to the effectiveness of this Second Amendment); and 

  
 9 

 (n) (i) The supplementary share mortgage between the Parent and the Collateral Agent in
respect of shares in WH Intermediate Holdings Ltd. (“WHIH”) shall have been duly executed by the Parent; (ii) the supplementary share mortgage between WHIH and the Collateral Agent in respect of shares in HV Holdings
Ltd. shall have been duly executed by WHIH; and (iii) the supplementary share mortgage between WHIH and the Collateral Agent in respect of shares in HBL Ltd. shall have been duly executed by WHIH, (which may include a copy transmitted by
facsimile or other electronic method), and delivered to the Collateral Agent. 
 SECTION 4. Post-Closing Matters. The Borrowers shall
and shall cause each Guarantor to within 60 days after the Second Amendment Effective Date (or such longer period as the Pro Rata Agent may determine in its reasonable discretion) (and which requirements may be waived by the Pro Rata Agent in its
reasonable discretion): 
 (a) execute, deliver and file amendments to the Mortgages existing prior to the Second Amendment Effective Date in
a form acceptable to the Pro Rata Agent, together with such title endorsements as are reasonably required to give effect thereto in a form acceptable to the Pro Rata Agent, together with (x) such owner’s title affidavits as may be
reasonably required by the title insurer in substantially the form previously accepted by the title insurer with respect to such Mortgages, including therein any so-called
“no-change” survey affidavit and (y) any documents required in connection with the recording of such mortgage amendments and issuance of such endorsements; 

(b) to the extent reasonably requested by the Pro Rata Agent, deliver to the Pro Rata Agent legal opinions relating to the amendments to the
Mortgages described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Pro Rata Agent; and 

(c) deliver to the Pro Rata Agent (i) a completed flood hazard determination from a third party vendor; (ii) if such real property is
located in a “special flood hazard area”, (x) a notification to the applicable Loan Parties of that fact and (if applicable) notification to the applicable Loan Parties that flood insurance coverage is not available and (y) evidence
of the receipt by the applicable Loan Parties of such notice; (c) if required by Flood Laws, evidence of required flood insurance and (d) any other customary documentation that may be reasonably requested by the Pro Rata Agent. 

SECTION 5. Representations and Warranties. To induce the other parties hereto to enter into this Second Amendment, each Loan Party
represents and warrants to each of the Pro Rata Lenders and the Pro Rata Agent that, as of the Second Amendment Effective Date: 
 (a) This
Second Amendment has been duly authorized, executed and delivered by each Loan Party and constitutes, and the Credit Agreement, as amended by this Second Amendment constitutes, its legal, valid and binding obligation, enforceable against each such
Loan Party in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally, by general equitable principles or by principles
of good faith and fair dealing; 
 (b) The representations and warranties of each Loan Party set forth in Section 3
of the Credit Agreement (as amended by this Second Amendment) and the other Loan Documents are true and correct in all material respects on and as of the Second Amendment Effective Date (immediately after giving effect to this Second Amendment) as
if made on as of such date, except 

  
 10 

 
in the case of any representations and warranties expressly stated to relate to a specific earlier date, in which case such representations and warranties shall be true and correct in all
material respects as of such earlier date; provided, that, in each case such materiality qualifier shall not be applicable to any representations or warranties that already are qualified or modified by materiality or “Material Adverse
Effect”; provided, that the representations and warranties set forth in Section 3.19 of the Credit Agreement are qualified by (i) the information disclosed under the heading “Other Matters” in note 7 (Contingencies) to the
condensed consolidated financial statements of Parent and its Subsidiaries in the 10-K for the year ended December 31, 2019 and (ii) information publicly available as of the Second Amendment
Effective Date, including as disseminated by Reuters or other news sources, in respect of charges against former Herbalife officers Yanliang Li, also known as Jerry Li, and Hongwei Yang, also known as Mary Yang for violation of the FCPA; and 

(c) After giving effect to this Second Amendment and the transactions contemplated hereby, no Default or Event of Default has occurred and is
continuing. 
 SECTION 6. Borrower’s Consent. For purposes of Section 9.4 of the Credit Agreement,
each Borrower hereby consents to any assignee of the Replacement Lender or any of its respective Affiliates (in each case otherwise being an Eligible Assignee) becoming a Pro Rata Lender in connection with the syndication of the Term A Loans and the
Revolving Credit Commitments acquired by the Replacement Lender pursuant to SECTION 2 hereof, to the extent the inclusion of such assignee in the syndicate has been disclosed in writing to and agreed by the Borrower prior to the Second
Amendment Effective Date. 
 SECTION 7. Effects on Loan Documents. Except as specifically amended herein or contemplated hereby, all
Loan Documents shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. The execution, delivery and effectiveness of this Second Amendment shall not operate as a waiver, release or discharge of any right,
power or remedy of any Lender or the Pro Rata Agent under any of the Loan Documents, nor constitute a waiver, release or discharge of any provision of the Loan Documents or in any way limit, impair or otherwise affect the rights and remedies of the
Lenders or the Pro Rata Agent under the Loan Documents. Each Borrower and each of the Subsidiary Guarantors acknowledges and agrees that, on and after the Second Amendment Effective Date, this Second Amendment and each of the other Loan Documents to
be executed and delivered by the Borrower in connection herewith shall constitute a Loan Document for all purposes of the Amended Credit Agreement. On and after the Second Amendment Effective Date, each reference in the Amended Credit Agreement to
“this Agreement”, “hereunder”, “hereof”, “herein” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to “Credit 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 Second Amendment, and this Second Amendment and the Credit Agreement as
amended by this Second Amendment shall be read together and construed as a single instrument. Nothing herein shall be deemed to entitle the Borrowers nor the Subsidiary Guarantors to a further consent to, or a further waiver, amendment, modification
or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement as amended by this Second Amendment or any other Loan Document in similar or different circumstances. 

  
 11 

 SECTION 8. Indemnification. Each Borrower hereby confirms that the indemnification
provisions set forth in Section 9.3 of the Credit Agreement as amended by this Second Amendment shall apply to this Second Amendment and the transactions contemplated hereby. 

SECTION 9. Repricing Arranger. The Borrowers and the Lenders party hereto agree (a) that Rabobank, in its capacity as arranger
with respect to this Second Amendment (acting through any of its affiliates as it deems appropriate, the “Repricing Arranger”), shall be entitled to the privileges, indemnification, immunities and other benefits afforded to
the Arrangers under the Credit Agreement as amended by this Second Amendment and (b) except as otherwise agreed to in writing by the Borrowers and the Repricing Arranger, the Repricing Arranger shall have no duties, responsibilities or
liabilities with respect to this Second Amendment, the Credit Agreement as amended by this Second Amendment or any other Loan Document. 

SECTION 10. Amendments; Execution in Counterparts; Severability. 

(a) This Second Amendment may not be amended nor may any provision hereof be waived except pursuant to a writing signed by each Borrower, each
of the Subsidiary Guarantors, the Lenders party hereto and the Pro Rata Agent; and 
 (b) To the extent any provision of this Second
Amendment is prohibited by or invalid under the applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in such jurisdiction, without prohibiting or invalidating such
provision in any other jurisdiction or the remaining provisions of this Second Amendment in any jurisdiction. 
 SECTION 11.
Reaffirmation. Each of the Reaffirming Parties, as party to the Credit Agreement and certain of the Collateral Documents and the other Loan Documents, in each case as amended, supplemented or otherwise modified from time to time, hereby
(i) acknowledges and agrees that all of its obligations under the Credit Agreement, the Collateral Documents and the other Loan Documents to which it is a party are reaffirmed and remain in full force and effect on a continuous basis,
(ii) reaffirms (A) each Lien granted by it to the Pro Rata Agent or the Collateral Agent for the benefit of the Secured Parties and (B) any guaranties made by it pursuant to the Credit Agreement, (iii) acknowledges and agrees that the
grants of security interests by it contained in the Collateral Documents shall remain, in full force and effect after giving effect to the Second Amendment and that such security interests secure, and shall continue to secure following the Second
Amendment Effective Date, the Obligations as described in the following clause (iv) and (iv) acknowledges and agrees that the Obligations include, among other things and without limitation, the prompt and complete payment and performance by the
Borrower when due and payable (whether at the stated maturity, by acceleration or otherwise) of principal and interest on, and premium (if any) on, the Term B Loans under the Credit Agreement as amended by this Second Amendment. Nothing contained in
this Second Amendment shall be construed as substitution or novation of the obligations outstanding under the Credit Agreement or the other Loan Documents, which shall remain in full force and effect, except to any extent modified hereby. 

SECTION 12. Pro Rata Agent. Each Borrower acknowledges and agrees that Rabobank, in its capacity as Term Loan A Agent and Revolver
Administrative Agent under the Credit Agreement, will serve as Term Loan A Agent and Revolver Administrative Agent under this Second Amendment and under the Credit Agreement as amended by this Second Amendment. 

  
 12 

 SECTION 13. Governing Law; Waiver of Jury Trial; Jurisdiction. This Second Amendment
shall be construed in accordance with and governed by the law of the State of New York (without regard to the conflicts of law provisions thereof). EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ITS
RESPECTIVE RIGHTS TO TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY) ARISING OUT OF OR IN CONNECTION WITH THIS SECOND AMENDMENT, THE CREDIT AGREEMENT AS AMENDED BY THIS SECOND AMENDMENT OR ANY
OTHER LOAN DOCUMENT. The provisions of Section 9.9 and Section 9.10 of the Credit Agreement as amended by this Second Amendment are incorporated herein by reference, mutatis mutandis. 

SECTION 14. Headings. Section headings in this Second Amendment are included herein for convenience of reference only, are not part of
this Second Amendment and are not to affect the construction of, or to be taken into consideration in interpreting, this Second Amendment. 

SECTION 15. No Novation. By its execution of this Second Amendment, each of the parties hereto acknowledges and agrees that the terms
of this Second Amendment do not constitute a novation, but, rather, a supplement of the terms of the pre-existing indebtedness and related agreements, as evidenced by the Credit Agreement. 

SECTION 16. Counterparts. This Second Amendment may be executed by one or more of the parties hereto on any number of separate
counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Signatures delivered by facsimile or PDF or other electronic means shall have the same force and effect as manual signatures
delivered in person. 
 [Remainder of page intentionally left blank.] 

  
 13 

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

			
	BORROWERS:
	
	HLF FINANCING SaRL, LLC
		
	By:	 	 /s/ Richard Caloca

	Name:	 	 Richard Caloca

	Title:	 	 Manager

	
	HERBALIFE NUTRITION LTD.
		
	By:	 	 /s/ Richard Caloca 

	Name:	 	 Richard Caloca

	Title:	 	 Vice President, Treasurer

	
	HERBALIFE INTERNATIONAL LUXEMBOURG S.À R.L.
		
	By:	 	 /s/ Héléne Dekhar

	Name:	 	 Héléne Dekhar

	Title:	 	 Class A Manager – Authorized Signatory

	
	HERBALIFE INTERNATIONAL, INC.
		
	By:	 	 /s/ Richard Caloca

	Name:	 	 Richard Caloca

	Title:	 	 Vice President, Treasure

  
 [Signature Page to Second
Amendment] 

 
			
	SUBSIDIARY GUARANTORS:
	
	HERBALIFE INTERNATIONAL OF AMERICA, INC.
		
	By: 	 	 /s/ Richard Caloca

	Name:	 	Richard Caloca
	Title:	 	Vice President, Treasurer
	
	HERBALIFE INTERNATIONAL OF EUROPE, INC.
		
	By: 	 	 /s/ Richard Caloca

	Name:	 	Richard Caloca
	Title: 	 	Vice President, Treasurer
	
	HERBALIFE TAIWAN, INC.
		
	By: 	 	 /s/ Richard Caloca

	Name:	 	Richard Caloca
	Title: 	 	Vice President, Treasurer
	
	HERBALIFE INTERNATIONAL DO BRASIL, LTDA.
		
	By: 	 	 /s/ Richard Caloca

	Name:	 	Richard Caloca
	Title: 	 	Vice President, Treasurer
	
	HERBALIFE KOREA CO., LTD.
		
	By: 	 	 /s/ Richard Caloca

	Name:	 	Richard Caloca
	Title: 	 	Vice President, Treasurer

  
 [Signature Page to Second
Amendment] 

 
			
	
	HERBALIFE VENEZUELA HOLDINGS, LLC
		
	By:	 	 /s/ Richard Caloca

	Name:	 	Richard Caloca
	Title:	 	Manager
	
	HERBALIFE MANUFACTURING LLC
		
	By:	 	 /s/ Richard Caloca

	Name:	 	Richard Caloca
	Title:	 	Vice President, Treasurer
	
	WH LUXEMBOURG INTERMEDIATE HOLDINGS S.À R.L. LLC
		
	By:	 	 /s/ Richard Caloca

	Name:	 	Richard Caloca
	Title:	 	Manager
	
	HERBALIFE INTERNATIONAL (THAILAND), LTD.
		
	By:	 	 /s/ Richard Caloca

	Name:	 	Richard Caloca
	Title:	 	Vice President, Treasurer
	
	HERBALIFE VH INTERMEDIATE INTERNATIONAL, LLC
	
	 By: VHSA LLC, its sole member
 By:
Herbalife International, Inc., its sole member

		
	By:	 	 /s/ Richard Caloca

	Name:	 	Richard Caloca
	Title:	 	Vice President, Treasurer

  
 [Signature Page to Second
Amendment] 

 
			
	HERBALIFE VH INTERNATIONAL LLC
	
	 By: Herbalife VH Intermediate International LLC

By: VHSA LLC, its sole member
 By: Herbalife International, Inc.,
its sole member

		
	By:	 	 /s/ Richard Caloca

	Name:	 	Richard Caloca
	Title:	 	Vice President, Treasurer
	
	HLF FINANCING US, LLC
	
	By: HLF FINANCING SaRL, LLC, its sole member
		
	By:	 	 /s/ Richard Caloca

	Name:	 	Richard Caloca
	Title:	 	 Manager

	
	HLF LUXEMBOURG HOLDINGS, INC.
		
	By:	 	 /s/ Richard Caloca

	Name:	 	Richard Caloca
	Title:	 	President and Treasurer
	
	WH CAPITAL CORPORATION
		
	By:	 	 /s/ Richard Caloca

	Name:	 	Richard Caloca
	Title:	 	Vice President, Treasurer
	
	HBL LUXEMBOURG HOLDINGS S.À R.L.
		
	By:	 	 /s/ Héléne Dekhar

	Name:	 	Héléne Dekhar
	Title:	 	Class A Manager – Authorized Signatory

  
 [Signature Page to Second
Amendment] 

			
	WH LUXEMBOURG HOLDINGS S.À R.L.
		
	By:	 	 /s/ Héléne Dekhar

	Name:	 	Héléne Dekhar
	Title:	 	Class A Manager – Authorized Signatory

  

			
	
	HV HOLDINGS LTD.
		
	By:	 	 /s/ Richard Caloca

	Name:	 	Richard Caloca
	Title:	 	President and Treasurer
	
	WH INTERMEDIATE HOLDINGS LTD.
		
	By:	 	 /s/ Richard Caloca

	Name:	 	Richard Caloca
	Title:	 	President and Treasurer
	
	HBL LUXEMBOURG SERVICES S.À R.L.
		
	By:	 	 /s/ Héléne Dekhar

	Name:	 	Héléne Dekhar
	Title:	 	Class A Manager – Authorized Signatory

  
 [Signature Page to Second
Amendment] 

 
			
	COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, as Term Loan A Agent, Revolver Administrative Agent, Issuing Bank, a Term Loan A Lender, a Revolving Credit Lender and Replacement Lender
		
	By:	 	 /s/ Eric J. Rogowski

	Name:	 	Eric J. Rogowski
	Title:	 	Executive Director
		
	By:	 	 /s/ Anthony Fidanza

	Name:	 	Anthony Fidanza
	Title:	 	Vice President

  
 [Signature Page to Second
Amendment] 

 Schedule I 

Incremental Lenders and Additional Commitments 

Part I 
  

					
	 Incremental Term Loan A Lenders
	  	Additional Term Loan A Commitments	 
	 Compass Bank
	  	$	11,718,750	 
	 Bank of America, N.A.
	  	$	7,031,250	 
	 Standard Chartered Bank
	  	$	9,375,000	 
	 MUFG Union Bank, N.A.
	  	$	2,343,750	 
		  	  
	  
	 
	 Total
	  	$	30,468,750	 
		  	  
	  
	 

 Part II 
  

					
	 Incremental Revolving Credit Lenders
	  	Additional Revolving Commitments	 
	 Compass Bank
	  	$	12,500,000	 
	 Bank of America, N.A.
	  	$	7,500,000	 
	 Standard Chartered Bank
	  	$	10,000,000	 
	 MUFG Union Bank, N.A.
	  	$	2,500,000	 
		  	  
	  
	 
	 Total
	  	$	32,500,000	 
		  	  
	  
	 

  
 ANNEX A-1 

 Schedule II 

Schedule 2.1 
 Lenders

  

					
	 Term Loan A Lender
	  	Term Loan A Commitment	 
	 Coöperatieve Rabobank U.A., New York Branch
	  	$	39,843,750	 
	 Citizens Bank, N.A.
	  	$	30,468,750	 
	 Citicorp North America, Inc.
	  	$	30,468,750	 
	 Fifth Third Bank
	  	$	30,468,750	 
	 Mizuho Bank, Ltd.
	  	$	30,468,750	 
	 Compass Bank
	  	$	30,468,750	 
	 Bank of America, N.A.
	  	$	30,468,750	 
	 Comerica Bank
	  	$	18,750,000	 
	 Standard Chartered Bank
	  	$	18,750,000	 
	 MUFG Union Bank, N.A.
	  	$	4,687,500	 
		  	  
	  
	 
	 Total
	  	$	264,843,750	 
		  	  
	  
	 

  

					
	 Term Loan B Lender
	  	Term Loan B Commitment	 
	 Jefferies Finance LLC
	  	$	750,000,000	 
		  	  
	  
	 
	 Total
	  	$	750,000,000	 
		  	  
	  
	 

  
 ANNEX A-1 

					
	 Revolving Credit Lender
	  	Revolving Credit Commitment	 
	 Coöperatieve Rabobank U.A., New York Branch
	  	$	42,500,000	 
	 Citizens Bank, N.A.
	  	$	32,500,000	 
	 Citicorp North America, Inc.
	  	$	32,500,000	 
	 Fifth Third Bank
	  	$	32,500,000	 
	 Mizuho Bank, Ltd.
	  	$	32,500,000	 
	 Compass Bank
	  	$	32,500,000	 
	 Bank of America, N.A.
	  	$	32,500,000	 
	 Comerica Bank
	  	$	20,000,000	 
	 Standard Chartered Bank
	  	$	20,000,000	 
	 MUFG Union Bank, N.A.
	  	$	5,000,000	 
		  	  
	  
	 
	 Total
	  	$	282,500,000	 
		  	  
	  
	 

  
 ANNEX A-2 

 ANNEX A 

FORM OF MASTER ASSIGNMENT AND ACCEPTANCE AGREEMENT 

FOR HERBALIFE NUTRITION LTD. CREDIT AGREEMENT 

This Master Assignment and Acceptance Agreement (the “Master Assignment”) is dated as of the Effective Date set forth
below and is entered into between the Assignor named below (the “Assignor”) and the Assignee named below (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to
them in the Credit Agreement identified below (as amended by the First Amendment to Credit Agreement, dated as of December 12, 2019, as further amended by the Second Amendment to Credit Agreement, dated as of March 19, 2020, and as
further amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and
Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Master Assignment as if set forth herein in full. 

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases
and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Pro Rata Agent as contemplated below (i) all of the Assignor’s rights and
obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and
obligations of the Assignor under the respective facilities identified below (including any letters of credit, and guarantees included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits,
causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto
or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity, related to the rights and
obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by the Assignor to the Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as the
“Assigned Interest”). Each such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Master Assignment, without representation or warranty by the Assignor. 

By purchasing the Assigned Interest, the Assignee agrees that, for purposes of that certain Second Amendment to Credit Agreement dated as of
March 19, 2020 (the “Second Amendment”), by and among the Borrowers, the Subsidiary Guarantors, the Term Loan A Lenders and the Revolving Credit Lenders party thereto (consisting of at least the Required Pro Rata
Facility Lenders), the Replacement Lender and the Pro Rata Agent, it shall be deemed to have consented and agreed to the Second Amendment. 

  
 ANNEX A-1 

					
	1.	  	Assignors:	  	Each person identified on Schedule I hereto
			
	2.	  	Assignee:	  	Coöperatieve Rabobank U.A., New York Branch
			
	3.	  	Term Loan Borrower:	  	HLF Financing SaRL, LLC
			
	4.	  	Revolver Borrowers:	  	HLF Financing SaRL, Herbalife Nutrition Ltd., Herbalife International Luxembourg S.à R.L., and Herbalife International, Inc..
			
	5.	  	Pro Rata Agent:	  	Coöperatieve Rabobank U.A., New York Branch

  

	6.	 Credit Agreement: The Credit Agreement dated as of August 16, 2018 (as amended by the First
Amendment to Credit Agreement, dated as of December 12, 2019, as further amended by the Second Amendment to Credit Agreement, dated as of March 19, 2020, and as amended, restated, amended and restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein as therein defined), among HLF Financing SaRL, LLC a Delaware limited liability company (“TL Borrower”),
Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability (“Parent”), Herbalife International Luxembourg S.à R.L., a Luxembourg private limited liability company (société
à responsabilité limitée), existing and organized under the laws of Luxembourg, having its registered office at 16, avenue de la Gare, L-1610 Luxembourg and registered with the
Luxembourg Register of Commerce and Companies (R.C.S. Luxembourg) under number B 88.006 (“HIL”), Herbalife International, Inc., a Nevada corporation (“HII” and, together with Parent, TL Borrower and HIL, the
“Revolver Borrowers”; the Revolver Borrowers, together with the TL Borrower, are referred to herein as the “Borrowers”), the several banks and other financial institutions or entities from time to time parties
thereto as lenders, Jefferies Finance LLC (“Jefferies”), as administrative agent for the Term Loan B Lenders (together with its successors and permitted assigns in such capacity, the “Term Loan B Agent”) and
collateral agent (together with its successors and permitted assigns in such capacity, the “Collateral Agent”), and Coöperatieve Rabobank U.A., New York Branch (“Rabobank”), as administrative agent for the Term
Loan A Lenders (together with its successors and permitted assigns in such capacity, the “Term Loan A Agent”; the Term Loan A Agent together with the Term Loan B Agent, the “Term Loan Administrative Agents” and
each, a “Term Loan Administrative Agent”), an Issuing Bank and as administrative agent for the Revolving Credit Lenders (together with its successors and permitted assigns in such capacity, the “Revolver Administrative
Agent” and, together with the Term Loan Administrative Agents, the “Administrative Agents”; the Term Loan Administrative Agents, the Collateral Agent and the Revolver Administrative Agent are referred to herein collectively
as the “Agents” and each, an “Agent”). 

  
 ANNEX A-2 

 6. Assigned Interest: 
  

																					
	 Assignors
	  	 Assignee
	  	 Facility

Assigned
	  	Aggregate
Amount of
Loans
for all Lenders	 	  	Amount of
Loans
Assigned	 	  	Percentage
Assigned of
Loans	 	 	CUSIP
Number	 
		  		  	Term A Loans / Revolving Credit Loans and Commitments	  	$	             	 	  	$	             	 	  	 	            	% 	 			
		  		  	Term A Loans / Revolving Credit Loans and Commitments	  	$	             	 	  	$	             	 	  	 	            	% 	 			
		  		  	Term A Loans / Revolving Credit Loans and Commitments	  	$	             	 	  	$	             	 	  	 	            	% 	 			

 Effective Date: March [●], 2020 

The Assignee agrees to deliver to the Pro Rata Agent a completed administrative questionnaire in which the Assignee designates one or more credit contacts to
whom all syndicate-level information (which may contain material non-public information about each Borrower, the Loan Parties and their Affiliates or their respective securities) will be made available and who
may receive such information in accordance with the Assignee’s compliance procedures and applicable laws, including Federal and state securities laws. 

[Signature page follows] 

  
 ANNEX A-1 

 The terms set forth in this Master Assignment are hereby agreed to: 

 

	
	ASSIGNOR
	
	
                          
                                         
                                    

[NAME OF ASSIGNOR]

	
	By: COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, as the Term Loan A Agent and Revolver Administrative Agent pursuant to Section 2.21 of the Credit Agreement
	
	By:                                     
                                         
                  
	 Name:

	 Title:

	
	By:                                     
                                         
                  
	 Name:

	 Title:

	
	ASSIGNEE
	
	
                          
                                         
                                    

COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH

	
	By:                                     
                                         
                  
	 Name:

	 Title:

	
	By:                                     
                                         
                  
	 Name:

	 Title:

  
 ANNEX A-1 

	
	Consented to and Accepted:
	
	COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, as Term Loan A Agent and Revolver Administrative Agent
	
	
By:                  
                                         
                               

	 Name:

	 Title:

	
	
By:                  
                                         
                               

	 Name:

	 Title:

  
 ANNEX A-2 

	
	 Consented to:

	
	 Borrowers

	
	 HLF FINANCING SaRL, LLC

	
	 By:

	Name:
	Title:
	
	 HERBALIFE NUTRITION LTD.

	
	 By:

	Name:
	Title:
	
	 HERBALIFE INTERNATIONAL LUXEMBOURG S.À R.L.

	
	 By:

	Name:
	Title:
	
	 HERBALIFE INTERNATIONAL, INC.

	
	 By:

	Name:
	Title:

  
 ANNEX A-1 

 ANNEX 1 

ANNEX 1 TO MASTER ASSIGNMENT 

CREDIT AGREEMENT DATED AS OF AUGUST 16, 2018 AMONG HLF FINANCING SaRL, LLC, HERBALIFE NUTRITION LTD., HERBALIFE INTERNATIONAL LUXEMBOURG
S.À R.L., HERBALIFE INTERNATIONAL, INC., THE SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS OR ENTITIES FROM TIME TO TIME PARTIES THERETO AS LENDERS, JEFFERIES FINANCE LLC, AS ADMINISTRATIVE AGENT FOR THE TERM LOAN B LENDERS AND COLLATERAL
AGENT, AND COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, AS ADMINISTRATIVE AGENT FOR THE TERM LOAN A LENDERS, AN ISSUING BANK AND AS ADMINISTRATIVE AGENT FOR THE REVOLVING CREDIT LENDERS 

STANDARD TERMS AND CONDITIONS FOR 

MASTER ASSIGNMENT 
 ARTICLE I
REPRESENTATIONS AND WARRANTIES. 
 SECTION 1. Assignor. Each Assignor (a) represents and warrants that (i) it is the
legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action necessary, to execute and
deliver this Master Assignment and to consummate the transactions contemplated hereby and (iv) it is [not] a Defaulting Lender and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in
or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial
condition of the Borrowers, any of the other Loan Parties or their respective Subsidiaries and Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrowers, any of the other
Loan Parties or their respective Subsidiaries and Affiliates or any other Person of any of their respective obligations under any Loan Document or any other instrument or documents furnished pursuant hereto or thereto. 

SECTION 2. Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all
action necessary, to execute and deliver this Master Assignment and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it satisfies the requirements, if any, specified in the Credit
Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to
the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the person
exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements
referred to in Section 3.1 or delivered pursuant to Section 5.1 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its 

  
 ANNEX A-1 

 
own credit analysis and decision to enter into this Master Assignment and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without
reliance on the Administrative Agent or any other Lender, (vi) it is not a Disqualified Lender or an Affiliate of a Disqualified Lender and (viii) attached to the Master Assignment hereto is any documentation required to be delivered by it
pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee and (b) agrees that (i) it will, independently and without reliance on any Agent, the Assignor or any other Lender, and based on such documents and
information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, (ii) that it appoints and authorizes the Agents to take such action on its behalf and to
exercise such powers under the Credit Agreement and the other Loan Documents as are delegated to the Agents by the terms thereof, together with such powers as are reasonably incidental thereto, and (iii) it will perform in accordance with their
terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 

ARTICLE II PAYMENTS. FROM AND AFTER THE EFFECTIVE DATE, THE ADMINISTRATIVE AGENTS SHALL MAKE ALL PAYMENTS IN RESPECT OF
THE ASSIGNED INTEREST (INCLUDING PAYMENTS OF PRINCIPAL, INTEREST, FEES AND OTHER AMOUNTS) TO THE ASSIGNOR FOR AMOUNTS WHICH HAVE ACCRUED TO BUT EXCLUDING THE EFFECTIVE DATE AND TO THE ASSIGNEE FOR AMOUNTS WHICH HAVE ACCRUED FROM AND AFTER THE
EFFECTIVE DATE. 
 ARTICLE III GENERAL PROVISIONS. THIS MASTER ASSIGNMENT SHALL BE BINDING UPON, AND INURE TO THE
BENEFIT OF, THE PARTIES HERETO AND THEIR RESPECTIVE SUCCESSORS AND ASSIGNS. THIS MASTER ASSIGNMENT MAY BE EXECUTED IN ANY NUMBER OF COUNTERPARTS, WHICH TOGETHER SHALL CONSTITUTE ONE INSTRUMENT. DELIVERY OF AN EXECUTED COUNTERPART OF A SIGNATURE PAGE
OF THIS MASTER ASSIGNMENT BY EMAIL OR TELECOPY OR OTHER ELECTRONIC METHOD SHALL BE EFFECTIVE AS DELIVERY OF A MANUALLY EXECUTED COUNTERPART OF THIS MASTER ASSIGNMENT. THIS MASTER ASSIGNMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAW OF THE STATE OF NEW YORK. 
 [Remainder of page intentionally left blank] 

  
 ANNEX A-2

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