NU SKIN ENTERPRISES INC
AMENDMENT TO CONSULTING AGREE - WOODCLYFFE
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<TYPE>EX-10.49
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<FILENAME>ex10-49.htm
<DESCRIPTION>AMENDMENT TO CONSULTING AGREE - WOODCLYFFE
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<TITLE>Exhibit 10.49 NSE 2003 Form 10-K Amendment #1 to Consulting Agreement</TITLE>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>AMENDMENT #1 TO
CONSULTING AGREEMENT </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This Amendment #1 to Consulting
Agreement (&#147;Amendment&#148;) is made and entered into on July 31, 2003 by and between
Nu Skin Enterprises, Inc. (&#147;NSE&#148;), a Delaware corporation having its principal
place of business at 75 West Center Street, Provo, Utah 84601 and Woodclyffe Group, LLC
(&#147;Consultant&#148;) a _____ limited liability company having its principal place of
business at 73 Turning Mill Lane, New Canaan, Connecticut 06840; each a &#147;Party&#148;
and collectively the &#147;Parties&#148;. </FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>RECITAL </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Effective as of April 1, 2003 the
parties entered into a Consulting Agreement (&#147;Agreement&#148;) wherein Consultant
agreed to provide its services (as described in the Agreement) for a period of six months.
The Agreement will expire on September 30, 2003 and it is the desire of the Parties that
it be extended from that date until December 31, 2003 pursuant to the terms and conditions
of this Amendment and the Agreement. </FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>AGREEMENT </FONT></H1>

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          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1. </FONT></TD>
          <TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          The Parties hereby agree to extend the Agreement from September 30, 2003 until
          December 31, 2003 (&#147;Extended Term&#148;) at which time the Agreement shall
          automatically expire. During the Extended Term, Consultant shall continue to
          provide the services at the rates set forth in the Agreement and NSE shall
          continue to make payments as set forth therein. </FONT></P></TD>
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          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2. </FONT></TD>
          <TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          Except as and if modified herein, the terms and provisions of the Agreement
          shall remain unmodified and continue in full force and effect. In the event of
          any conflict between the terms and provisions of the Amendment, the terms and
          provisions of this Amendment shall prevail. </FONT></P></TD>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>IN WITNESS WHEREOF, the Parties to
this Amendment have caused it to be executed on the date first above written. </FONT></P>




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     <TD WIDTH=32% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Nu Skin Enterprises, Inc.</B></FONT></TD>
     <TD WIDTH=3% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=27% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Woodclyffe Group, LLC</B></FONT></TD>
     <TD WIDTH=3% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=15% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=3% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=15% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/&nbsp;&nbsp; M. Truman Hunt</U></FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/&nbsp;&nbsp; Joe Ferreira</U></FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>By:&nbsp;&nbsp;&nbsp;&nbsp;M. Truman Hunt</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>By:&nbsp;&nbsp;&nbsp;&nbsp;Joe Ferreira</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Its:&nbsp;&nbsp;&nbsp;&nbsp;President and CEO</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Its:&nbsp;&nbsp;&nbsp;&nbsp;President and CEO</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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