Document:

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                                                                   EXHIBIT 10.36

                        WH HOLDINGS (CAYMAN ISLANDS) LTD.
                      EXECUTIVE OFFICER STOCK OPTION PLAN

                1.       Purpose of Plan.

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

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

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

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

                2.       Definitions.

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

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

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

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

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

               (e) "Committee" means one or more committees each comprised of
          not less than three members of the Board appointed by the Board to
          administer the Plan or a specified portion thereof; provided, however,
          that if, at any time, there
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          will be only one director serving on the Board, the Committee may be
          composed of the sole director. Unless otherwise determined by the
          Board, if the Common Shares become registered under Section 12 of the
          Exchange Act and if the Committee is authorized to grant Options
          subject to Section 16 of the Exchange Act, each member of the
          Committee will be a "non-employee director" within the meaning of
          applicable Rule 16b-3 under the Exchange Act.

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

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

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

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

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

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

               (l) "Initial Public Offering" means the underwritten public
          offering by the Company of its Common Shares pursuant to a
          registration statement (other than a registration statement relating
          solely to an employee benefit plan or

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          transaction covered by Rule 145 of the Securities Act) that has been
          filed under the Securities Act and declared effective by the
          Securities and Exchange Commission, or any other Federal agency at the
          time administering the Securities Act.

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

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

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

               (p) "Participant" means a Senior Employee of the Company or one
          of its Affiliates, to whom one or more Grants have been made and such
          Grants have not all been forfeited or terminated under the Plan.

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

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

               (s) "Senior Employee" means any executive officer, in the
          regular full-time employment of the Company or one of its Affiliates
          who, in the opinion of the Committee, is, or is expected to be,
          primarily responsible for the management, growth or protection of some
          part or all of the business of the Company.

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

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

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

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

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               3.       Administration of Plan.

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

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

                4.       Eligibility.

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

                5.       Grants.

               (a) The Committee may grant Incentive Stock Options only to
          Senior Employees of the Company or any "subsidiary corporation" within
          the meaning

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          of Code Section 424(f). The Plan provides for grants only to Senior
          Employees for both Incentive Stock Options and Non-Statutory Stock
          Options.

               (b) At the time of the Grant, the Committee will determine, and
          will include in the Option Agreement or other Plan rules, the Option
          exercise price and such other conditions and restrictions on the grant
          or exercise of the Option as the Committee deems appropriate.

               (c) In addition to any other restrictions contained in the Plan,
          an Option granted under the Plan may not be exercised more than 10
          years after the date it is granted. An Incentive Stock Option may not
          have an exercise price of less than 100% of the Fair Market Value of a
          Share on the date the Option is granted.

               (d) If the aggregate Fair Market Value (determined on the date
          the Option is granted) of a Share subject to an Incentive Stock Option
          which is exercisable for the first time during any calendar year
          exceeds $100,000, then the portion of the Incentive Stock Option in
          excess of the $100,000 limitation will be treated as a Non-Statutory
          Stock Option. If an Incentive Stock Option is granted to a Participant
          who, at the time the Option is granted, is deemed to own more than 10%
          of the total combined voting power of all classes of shares of the
          Company or any "subsidiary corporation" of the Company (as more fully
          described in Code Section 422(b)(6)), then (i) the exercise price of
          the Option may not be less than 110% of the Fair Market Value of the
          Common Shares on the date the Option is granted, and (ii) such Option
          may not be exercisable after the expiration of five years from the
          date the Option is granted.

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

                6.       Limitations and Conditions.

               (a) The total number of Shares available for Grants under the
          Plan will be 18,717,546 reduced by any Shares granted under any future
          option plan adopted by the Company (excluding the WH Holdings (Cayman
          Islands) Ltd. Independent Directors Stock Option Plan), subject to
          adjustment in accordance with Paragraphs 7 or 8 hereof. If an Option
          expires, is canceled, forfeited or otherwise terminated without being
          exercised or settled, the Shares allocable to the unexercised portion
          of such Option shall remain available for grant under this Plan.

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               (b) No Grants will be made under the Plan more than 10 years
          after the date the Plan is adopted by the Board or is approved by the
          shareholders of the Company, whichever is earlier, but the terms of
          Grants made on or before the expiration of the Plan may extend beyond
          such expiration. At the time a Grant is made or amended or the terms
          or conditions of a Grant are changed, the Committee may provide for
          limitations or conditions on such Grant.

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

               (d) Other than as specifically provided with regard to the death
          of a Participant or as hereinafter provided, no benefit under the Plan
          will be subject in any manner to anticipation, alienation, sale,
          transfer, assignment, pledge, encumbrance, or charge, and any attempt
          to do so will be void. No such benefit will, prior to receipt thereof
          by the Participant, be in any manner liable for or subject to the
          debts, contracts, liabilities, engagements, or torts of the
          Participant.

               (e) Participants will not be, and will not have any of the rights
          or privileges of, equityholders of the Company in respect of any
          Shares purchasable in connection with any Grant unless and until
          certificates representing any such Shares have been issued by the
          Company to such Participants. Prior to an Initial Public Offering,
          each Participant will be required to enter into the Shareholders'
          Agreement with the Company, or execute a joinder to the Shareholders'
          Agreement in a form provided by the Company, upon the exercise of any
          Option under the Plan.

               (f) No election as to benefits or exercise of Options, or other
          rights may be made during a Participant's lifetime by anyone other
          than the Participant except by a legal representative appointed for or
          by the Participant.

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

               (h) Unless the Committee determines otherwise, no benefit or
          promise under the Plan will be secured by any specific assets of the
          Company or any of its Subsidiaries, nor will any assets of the Company
          or any of its Subsidiaries be

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          designated as attributable or allocated to the satisfaction of the
          Company's obligations under the Plan.

                7.       Adjustments.

                In the event of any change in the outstanding Shares by reason
of an acquisition, spin-off or reclassification, recapitalization or merger,
combination or exchange of Shares or other corporate exchange, Change of Control
or similar event, or as required under any Option Agreement, the Committee may
adjust appropriately the number or kind of Shares or securities subject to the
Plan and available for or covered by Grants and Option prices related to
outstanding Grants and make such other revisions to outstanding Grants as it
deems are equitably required. Any such adjustments for Incentive Stock Options
must meet the requirements of Code Section 424(a).

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

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

                In addition, in the event of a Change of Control, the
Committee may, in its absolute discretion and on such terms and conditions as it
deems appropriate, provide, either by the terms of such Option or by a
resolution adopted prior to the occurrence of the Change of Control, that such
Option will be exercisable as to all or any portion of the

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Shares subject thereto, notwithstanding anything to the contrary herein (but
subject to the provisions of Paragraph 6(b)).

                9.       Securities Law Requirements.

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

                10.      Amendment and Termination.

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

                The Board may amend, suspend or terminate the Plan except that
no such action, other than an action under Paragraph 7 or 8, may be taken which
would, without shareholder approval (but only if such approval is necessary for
exemption under Section 16(b) of the Exchange Act or to meet the applicable
requirements of Code Section 422), increase the aggregate number of Shares
available for Grants under the Plan, change the eligible class of individuals,
decrease the price of outstanding Options, change the requirements relating to
the Committee or extend the term of the Plan.

                11.      Withholding Taxes.

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

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                  12.      Governing Law.

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

                  13.      Effective Date and Termination Date.

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

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                                                                   EXHIBIT 10.37

                  FORM OF NON-STATUTORY STOCK OPTION AGREEMENT

     AGREEMENT (this "Agreement") entered into as of the ____ day of _________ ,
____ by and between WH Holdings (Cayman Islands) Ltd., a Cayman Islands company
(the "Company"), and the undersigned employee (the "Employee") of the Company or
its Subsidiaries.

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

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

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

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

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

     3. Time of Exercise of Option.

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

     (b) Notwithstanding any provision in this Agreement or the Plan to the
contrary, unless otherwise approved by a written resolution of the Committee
prior to or contemporaneously with the closing of any such transaction, any
portion of the Option (whether vested or unvested and whether or not then
exercisable) which has not been

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exercised prior to or in connection with any merger or consolidation of the
Company into another corporation, the exchange of all or substantially all of
the assets of the Company for the securities of another corporation, a Change of
Control or the recapitalization, reclassification, liquidation or dissolution of
the Company or any other fundamental corporate transaction involving the Company
or any of its Subsidiaries with the same or a similar purpose or effect (as
determined by the Committee in its sole discretion) shall expire and be
cancelled and of no further force and effect effective upon the closing of any
such transaction.

     4. Term of Options and Repurchase Rights.

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

     (b) Upon termination:

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

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

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

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

     (c) The Company has the right to repurchase the Shares acquired upon the
exercise of Options for a period of 90 days after the Employee terminates
employment or 90 days after the Shares for which the Option is exercised are
acquired, whichever is later. Notwithstanding anything to the contrary in the
Shareholders' Agreement, the purchase price per Share payable under Section 6(a)
or (b) of the
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Shareholder's Agreement where such Termination (as defined in the
Shareholders' Agreement):

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

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

     (d) For purposes of this Agreement, "Cause" shall have the meaning ascribed
to such term in any written employment agreement between Employee and the
Company or one or more of its Subsidiaries, as the same may be amended or
modified from time to time, or if Employee and the Company or one or more of its
Subsidiaries are not party to any such written employment agreement, then the
Company and its Subsidiaries shall have "Cause" to terminate the Employee's
services in the event of any of the following acts or circumstances: (i)
commission of a felony, a crime of moral turpitude, dishonesty, breach of trust
or unethical business conduct, or any crime involving the Company or any of its
Subsidiaries; (ii) willful misconduct, willful or gross neglect, fraud,
misappropriation or embezzlement; (iii) performance of the Employee's duties in
a manner that is detrimental to the Company or any of its Subsidiaries,
including, but not limited to that which results in, the severe deterioration of
the financial performance of the Company or any of its Subsidiaries; (iv)
failure to adhere to the directions of the Chief Executive Officer or the Board
of Directors, to adhere to the Company's or any of its Subsidiary's policies or
practices or to devote substantially all of the Employee's business time and
efforts to the business of the Company and its Subsidiaries; (v) breach of any
provision of any agreement, including an employment agreement, between the
Company or any of its Subsidiaries, on the one hand, and the Employee which
covers confidentiality or proprietary information, nonsolicitation or
non-competition provisions; or (vi) breach in any material respect of the terms
and provisions of the Employee's employment agreement, if any, or any agreement
between the Company or any of its Subsidiaries, on the other hand, and the
Employee.

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

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Exercise Cost, subject to such limitations as the Committee may adopt from time
to time or by any combination of the above methods of payment.

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

     7. Representation Letter and Investment Legend.

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

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

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

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

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    10. Rights as a Shareholder. The Employee will have no rights as a
shareholder with respect to any Shares which may be purchased upon the exercise
of this Option unless and until a certificate or certificates representing such
Shares are duly issued and delivered to the Employee. If at any time during the
term of the Option, the Company is advised by its counsel that the Shares are
required to be registered under the Securities Act or under applicable state
securities laws, or that delivery of the Shares must be accompanied or preceded
by a prospectus meeting the requirements of such laws, delivery of Shares by the
Company may be deferred until a registration is effective or a prospectus is
available or an appropriate exemption from registration is secured.

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

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

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

                                       5
<PAGE>

(B)during the seven days prior to and during the 180 day period
beginning on the effective date of such initial public offering or other
offering of securities; provided, however, that such Employee shall, in any
event, be entitled to sell his or her Shares commencing on the expiration of the
black-out period described in the aforementioned clause (A) or (B).

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

                                    *********

                         [Signatures on Following Page]

                                       6

<PAGE>

                                OPTION AGREEMENT

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

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

WH HOLDINGS                                    EMPLOYEE
(CAYMAN ISLANDS) LTD.

By:
   ---------------------------                 ---------------------------------
     Title:

                                               Address:
------------------------------
(print name)

                                               Facsimile Number:

                                               ---------------------------------

                                               Social Security Number

                                               Email Address:

                                       7

<PAGE>

                                    EXHIBIT A

TO:  WH HOLDINGS (CAYMAN ISLANDS) LTD.

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

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

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

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

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

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

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

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

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

     [Signature on the Following Page]

                                       2
<PAGE>

Dated:

------------------------------
Signature of Registered Holder

------------------------------
Name of Registered Holder (Print)

                                       3

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