0000850414-02-000014 Sample Contracts

NONQUALIFIED STOCK OPTION AGREEMENT
Nonqualified Stock Option Agreement • November 13th, 2002 • New Horizons Worldwide Inc • Services-educational services • Delaware

THIS AGREEMENT is entered into as of August 16, 2002 by and between New Horizons Worldwide, Inc., a Delaware corporation (the “Company”), and William H. Heller (the “Optionee”).

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WAIVER AND AMENDMENT DATED AS OF NOVEMBER 12, 2002 TO CREDIT AGREEMENT DATED AS OF April 25, 2001
Waiver And • November 13th, 2002 • New Horizons Worldwide Inc • Services-educational services

This Waiver and Amendment dated as of November 12, 2002 to Credit Agreement dated as of April 25, 2001 (this “Waiver”) is made by and among NEW HORIZONS WORLDWIDE, INC., a Delaware corporation (the “Company”), lenders parties hereto (the “Banks”), and BANK OF AMERICA, N.A., as letter of credit issuing bank and as agent for the Banks (in its capacity as agent, together with any successors and assigns, the “Agent”). Terms used but not defined herein have the meanings specified in the Credit Agreement referenced below.

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