Pledge Amendment to Pledge Agreement between Nu Skin Enterprises, Inc. and State Street Bank and Trust Company of California, N.A.
This amendment, dated December 31, 2003, updates the original Pledge Agreement from October 12, 2000, between Nu Skin Enterprises, Inc. and State Street Bank and Trust Company of California, N.A. It adds specific shares of NSE Korea, Ltd. as additional collateral to secure Nu Skin's obligations under the agreement. The amendment confirms that these shares are now part of the pledged collateral and will secure all obligations as defined in the original agreement.
FORM OF PLEDGE AMENDMENT
This Pledge Amendment, dated December 31, 2003, is delivered pursuant to Section 6(b) of the Pledge Agreement referred to below. The undersigned hereby agrees that this Pledge Amendment may be attached to the Pledge Agreement dated October 12, 2000, between Nu Skin Enterprises, Inc., as Pledgor, and State Street Bank and Trust Company of California, N.A., as Secured Party (the “Pledge Agreement”, capitalized terms defined therin being used herein as therin defined), and that the Pledged Shares listed on this Pledge Amendment shall be deemed to be part of the Pledged Shares and shall become part of the Pledged Collateral and shall secure all Secured Obligations.
NU SKIN ENTERPRISES, INC.
By: /s/ Ritch N. Wood
Ritch Wood
Chief Financial Officer
Notice Address
Nu Skin Enterprises, Inc.
Attn: D. Matthew Dorny
75 West Center Street
Provo, Utah 84601
(801 ###-###-####
[PLEDGE SHARE DETAILS TO FOLLOW]
| Issuer | Class of Stock | Stock Certificate Nos. | Par Value | Number of Shares | Number of Shares Issued and Outstanding | Percentage Represented by Pledged Shares | Holder of Shares Not Pledged | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NSE Korea, Ltd., a Delaware Corp. | Common | 015 | $3,240,000 | 6,000 | 6,000 | 100% | N/A |
FORM OF PLEDGE AMENDMENT
This Pledge Amendment, dated December 31, 2003, is delivered pursuant to Section 6(b) of the Pledge Agreement referred to below. The undersigned hereby agrees that this Pledge Amendment may be attached to the Pledge Agreement dated October 12, 2000, between Nu Skin Enterprises, Inc., as Pledgor, and State Street Bank and Trust Company of California, N.A., as Secured Party (the “Pledge Agreement”, capitalized terms defined therin being used herein as therin defined), and that the Pledged Shares listed on this Pledge Amendment shall be deemed to be part of the Pledged Shares and shall become part of the Pledged Collateral and shall secure all Secured Obligations.
NU SKIN ENTERPRISES, INC.
By: /s/ Ritch N. Wood
Ritch Wood
Chief Financial Officer
Notice Address
Nu Skin Enterprises, Inc.
Attn: D. Matthew Dorny
75 West Center Street
Provo, Utah 84601
(801 ###-###-####
[PLEDGE SHARE DETAILS TO FOLLOW]
| Issuer | Class of Stock | Stock Certificate Nos. | Par Value | Number of Shares | Number of Shares Issued and Outstanding | Percentage Represented by Pledged Shares | Holder of Shares Not Pledged | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NSE Korea, Ltd. | Common | 100001 | 420,000 | 1 | |||||||||||||
| NSE Korea, Ltd. | Common | 100002 | 420,000 | 1 | |||||||||||||
| NSE Korea, Ltd. | Common | 100003 | 420,000 | 1 | |||||||||||||
| NSE Korea, Ltd. | Common | 100011 | 4,200,000 | 10 | |||||||||||||
| NSE Korea, Ltd. | Common | 100012 | 4,200,000 | 10 | |||||||||||||
| NSE Korea, Ltd. | Common | 100013 | 4,200,000 | 10 | |||||||||||||
| NSE Korea, Ltd. | Common | 100014 | 4,200,000 | 10 | |||||||||||||
| NSE Korea, Ltd. | Common | 100101 | 42,000,000 | 100 | |||||||||||||
| NSE Korea, Ltd. | Common | 101001 | 420,000,000 | 1,000 | |||||||||||||
| NSE Korea, Ltd. | Common | 101002 | 420,000,000 | 1,000 | |||||||||||||
| NSE Korea, Ltd. | Common | 101003 | 420,000,000 | 1,000 | |||||||||||||
| NSE Korea, Ltd. | Common | 110001 | 4,200,000,000 | 10,000 | |||||||||||||
| 13,143 | 13,143 | 100% | N/A | ||||||||||||||
