Document:

Gorsek Option Agreement

 Exhibit 10.20 
 VITACOST.COM, INC. 
 NONSTATUTORY STOCK OPTION AGREEMENT 
 THIS NONSTATUTORY STOCK OPTION AGREEMENT (the “Agreement”) made this 31st day of December, 2004, between Vitacost.com, Inc., a Delaware
corporation having a principal place of business at 2055 High Ridge Road, Boynton Beach, Florida 33426 (the “Corporation”) and Wayne Gorsek (the “Participant”). 
 R E C I T A L S: 
 A.
The Corporation desires to grant to the Participant an Option to purchase shares of its common capital stock (the “Shares”) under and for the purposes of the Corporation’s Stock Option Plan (the “Plan”); and 
 B. The Corporation and the Participant understand and agree that any terms used herein have the same meanings as in the Plan. 
 NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, the parties hereto agree as
follows: 
 1. GRANT OF OPTION 
 The Corporation hereby grants to the Participant the right and Option to purchase all or any part of an aggregate of One hundred seventy-five thousand (175,000) Shares on the terms and conditions and subject to and with the benefit of
all the limitations set forth herein and in the Plan, which is incorporated herein by reference. 
 2. PURCHASE PRICE 
 The purchase price of the Shares shall be two dollars ($2.00) per share. 
 3. EXERCISE OF OPTION 
 The Nonstatutory Option granted hereby shall be exercisable as follows:
immediate vesting. 
 Notwithstanding the above, in the event of the sale of all or substantially all of the assets or common stock of the
Corporation or the merger or consolidation of the Corporation into or with another entity, then any of the Options shall be exercisable on the date immediately preceding the consummation of such transaction. 

 4. TERM OF OPTION 
 (a) Expiration of Term. The Option shall terminate eleven (11) years from the date of this Agreement, but shall be subject to
earlier termination as provided herein or in the Plan. 
 (b) Termination of Employment/Relationship. If the
Participant ceases to be an employee of the Corporation or of an Affiliate for any reason other than death or Disability, then his Option shall terminate on the date of termination of his employment, provided that he may exercise all or a portion of
his Option to the extent that such right to exercise has accrued on the date of the termination of his employment during the thirty (30) day period following his termination. A Participant’s employment shall not be deemed terminated by
reason of a transfer to another employer which is the Corporation or an affiliate of the Corporation. 
 (c) Total and
Permanent Disability. If Participant ceases to be an employee of the Corporation or of an Affiliate by reason of Disability, his Option shall terminate on the date of Disability provided that he may exercise all or a portion of this Option to
the extent that the right to purchase Shares hereunder has accrued on the date such Participant becomes Disabled as determined by the Board (or the Committee if applicable) for a period of not more than six months after the date that he became
Disabled as determined by the Board (or the Committee if applicable) (notwithstanding that Participant might have been able to exercise the Option as to some or all of the Shares on a later date if Participant had not become Disabled) or, if
earlier, within the originally prescribed term of the Option. 
 (d) Death. In the event that Participant ceases to be
an employee of the Corporation or of an Affiliate by reason of such Participant’s death, his Option shall terminate on the date of death, provided that all or a portion of this Option to the extent that the right is exercisable but not
exercised on the date of death may be exercised by Participant’s Survivors. Such Option must be exercised by the Survivors, if at all, within six (6) months after the date of death of Participant or, if earlier, within the originally
prescribed term of the Option, notwithstanding that the decedent might have been able to exercise the Option as to some or all of the shares on a later date if the Participant were alive and had continued to be an employee of the Corporation or of
an Affiliate. 
 Paragraph 4(b) shall control and fix the rights of Participant if Participant ceases to be an employee of the Corporation or
of an Affiliate for any reason other than death or Disability and who subsequently becomes Disabled (within the meaning of the term “Disability” as used in the Plan) or dies. Nothing in Paragraphs 4(c) and 4(d) shall be applicable in any
such case except only that, in the event of such a subsequent death within the period allowed for exercise of the Option by Paragraph 4(b) (i.e., within thirty (30) days after the termination of his relationship or, if earlier, within the
originally prescribed term of the Option) Participant’s Survivors may exercise the Option to the extent that such right to exercise has accrued on the date of death, within six (6) months after the date of death of such participant but in
no event beyond eleven (11) years after the date of the grant of an Option. 
  

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 5. EXERCISE OF OPTION AND ISSUE OF STOCK 
 The Option may be exercised in whole or in part by giving written notice to the Corporation. Such written notice shall be signed by the person exercising
the Option, shall state the number of Shares with respect to which the Option is being exercised, shall contain the warranties, if any, required by Section 6 of this Agreement and shall specify a date (other than a Saturday, Sunday or legal
holiday) not less than five (5) nor more than ten (10) days after the date of such written notice, as the date on which the Shares will be taken up and payment made therefor, at the principal office of the Corporation during ordinary
business hours, or at such other hour and place agreed upon by the Corporation and the person or persons exercising the Option and shall otherwise comply with the terms and conditions of this Agreement and the Plan. On the date specified in such
written notice (which date may be extended by the Corporation if any law or regulation requires the Corporation to take any action with respect to the Shares prior to the issuance thereof, whether pursuant to the provisions of Section 6 or
otherwise) the Corporation shall accept payment for the Shares and shall deliver an appropriate certificate or certificates for the Shares as to which the Option was exercised to the Participant. 
 The Option price of any shares shall be payable at the time of exercise either: 
 (i) in cash or by check or certified or bank check; 
 (ii) in whole Shares of the Corporation’s common stock, owned by the person exercising the option for six months or more, with a fair
market value equal to the option price as agreed by the parties; provided, however, that if such shares were acquired pursuant to an incentive stock option plan, as defined in Code Section 422 or prior Code Section 422A of the Corporation
or an Affiliate, including this Plan or a qualified stock option plan as defined in Code Section 422, that the applicable holding period requirements of said prior Sections 422 and 422A have been met with respect to such Shares; or 

(iii) any combination of (i) and (ii) above. 
 The Corporation shall pay all original issue taxes with respect to the issue of Shares pursuant hereto and all other fees and expenses necessarily incurred by the Corporation in connection therewith. The holder of
this Option shall have the rights of a shareholder only with respect to those Shares covered by the Option which have been registered in the holder’s name in the share register of the Corporation upon the due exercise of the Option. 

 

 3 

 6. WARRANTIES 
 Certificates representing Shares which are purchased pursuant to this Option Agreement shall bear the following legend, in addition to such other legends as counsel to the Corporation may deem appropriate: 

The shares represented by this certificate are subject to all of the terms, conditions, limitations and restrictions set forth in the Vitacost.com,
Inc. Stock Option Plan (“Plan”), as amended, a copy of which is on file with the Corporation, and this Option Agreement. All terms, conditions, limitations and restrictions of the Plan and the Option Agreement are fully binding on the
holder of the certificate, his or her successors, estate, heirs, assigns, personal representative, administrator, executor or guardian as the case may be, for all purposes until such time that all terms, conditions, limitations and restrictions of
the Plan or the Option Agreement are removed, waived, or otherwise vacated in a manner expressly authorized thereunder. 
 7-
NON-ASSIGNABILITY 
 This Option shall not be transferable by the Participant and shall be exercisable only by the Participant.

 8. NOTICES 
 All
notices, demands, instructions and other communications required or permitted to be given to or made upon either Party hereto or any other person shall be in writing and shall be personally delivered or sent by registered or certified mail, postage
prepaid, return receipt requested, or by a reputable courier delivery service, or by telegram (with messenger delivery), or by telecopier (confirmed by mail), and shall be deemed to be given for purposes of this Agreement on the day that such
writing is delivered or sent to the intended recipient thereof in accordance with the provisions of this Section. Unless otherwise specified in a notice sent or delivered in accordance with the foregoing provisions of this Section, notices, demands,
instructions and other communications in writing shall be given to or made upon the respective Parties hereto at the following address: 
  

			
	To the Corporation:	  	 Vitacost.com, Inc.
 2055 High Ridge Road
 Boynton Beach, Florida 33426

		
	With a Copy to:	  	 Shefsky & Froelich Ltd.
 444 North Michigan
Avenue
 Suite 2500
 Chicago, IL 60611
 Attention: Mitchell D. Goldsmith

		
	To the Participant:	  	 Wayne Gorsek
 5856 West 11350 North
 Highland, Utah 84003

  

 4 

 9. GOVERNING LAW 
 This Agreement shall be construed and enforced in accordance with the internal laws (and not the laws of conflict) of the State of Illinois. 
 10. BINDING AGREEMENT. 
 This
Agreement shall (subject to the provisions of Section 7 hereof) be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto. 
 IN WITNESS WHEREOF, the Corporation has caused these presents to be executed on its behalf and its corporate seal to be hereto affixed by its duly authorized representative and the Participant has hereunto set his
hand and seal, all on the day and year first above written. 
  

			
	VITACOST.COM, INC.
		
	By:	 	/s/ Wayne Gorsek
		 	Chief Executive Officer
	
	PARTICIPANT:
	
	/s/ Wayne Gorsek

  

 5 

 VITACOST.COM, INC. 
 NONSTATUTORY STOCK OPTION AGREEMENT 
 THIS NONSTATUTORY STOCK OPTION AGREEMENT (the
“Agreement”) made this 31st day of December, 2005, between Vitacost.com, Inc., a Delaware corporation having a principal place of business at 2055 High Ridge Road, Boynton Beach, Florida 33426 (the “Corporation”) and Wayne Gorsek
(the “Participant”). 
 R E C I T A L S: 
 A. The Corporation desires to grant to the Participant an Option to purchase shares of its common capital stock (the “Shares”) under and for
the purposes of the Corporation’s Stock Option Plan (the “Plan”); and 
 B. The Corporation and the Participant understand and
agree that any terms used herein have the same meanings as in the Plan. 
 NOW, THEREFORE, in consideration of the mutual covenants
hereinafter set forth and for other good and valuable consideration, the parties hereto agree as follows: 
 1. GRANT OF OPTION

 The Corporation hereby grants to the Participant the right and Option to purchase all or any part of an aggregate of Two hundred ten
thousand (210,000) Shares on the terms and conditions and subject to and with the benefit of all the limitations set forth herein and in the Plan, which is incorporated herein by reference. 
 2. PURCHASE PRICE 
 The purchase
price of the Shares shall be two dollars fifty cents ($2.50) per share. 
 3. EXERCISE OF OPTION 
 The Nonstatutory Option granted hereby shall be exercisable as follows: immediate vesting. 
 Notwithstanding the above, in the event of the sale of all or substantially all of the assets or common stock of the Corporation or the merger or
consolidation of the Corporation into or with another entity, then any of the Options shall be exercisable on the date immediately preceding the consummation of such transaction. 

 4. TERM OF OPTION 
 (a) Expiration of Term. The Option shall terminate eleven (11) years from the date of this Agreement, but shall be subject to
earlier termination as provided herein or in the Plan. 
 (b) Termination of Employment/Relationship. If the
Participant ceases to be an employee of the Corporation or of an Affiliate for any reason other than death or Disability, then his Option shall terminate on the date of termination of his employment, provided that he may exercise all or a portion of
his Option to the extent that such right to exercise has accrued on the date of the termination of his employment during the thirty (30) day period following his termination. A Participant’s employment shall not be deemed terminated by
reason of a transfer to another employer which is the Corporation or an affiliate of the Corporation. 
 (c) Total and
Permanent Disability. If Participant ceases to be an employee of the Corporation or of an Affiliate by reason of Disability, his Option shall terminate on the date of Disability provided that he may exercise all or a portion of this Option to
the extent that the right to purchase Shares hereunder has accrued on the date such Participant becomes Disabled as determined by the Board (or the Committee if applicable) for a period of not more than six months after the date that he became
Disabled as determined by the Board (or the Committee if applicable) (notwithstanding that Participant might have been able to exercise the Option as to some or all of the Shares on a later date if Participant had not become Disabled) or, if
earlier, within the originally prescribed term of the Option. 
 (d) Death. In the event that Participant ceases to be
an employee of the Corporation or of an Affiliate by reason of such Participant’s death, his Option shall terminate on the date of death, provided that all or a portion of this Option to the extent that the right is exercisable but not
exercised on the date of death may be exercised by Participant’s Survivors. Such Option must be exercised by the Survivors, if at all, within six (6) months after the date of death of Participant or, if earlier, within the originally
prescribed term of the Option, notwithstanding that the decedent might have been able to exercise the Option as to some or all of the shares on a later date if the Participant were alive and had continued to be an employee of the Corporation or of
an Affiliate. 
 Paragraph 4(b) shall control and fix the rights of Participant if Participant ceases to be an employee of the Corporation or
of an Affiliate for any reason other than death or Disability and who subsequently becomes Disabled (within the meaning of the term “Disability” as used in the Plan) or dies. Nothing in Paragraphs 4(c) and 4(d) shall be applicable in any
such case except only that, in the event of such a subsequent death within the period allowed for exercise of the Option by Paragraph 4(b) (i.e., within thirty (30) days after the termination of his relationship or, if earlier, within the
originally prescribed term of the Option) Participant’s Survivors may exercise the Option to the extent that such right to exercise has accrued on the date of death, within six (6) months after the date of death of such participant but in
no event beyond eleven (11) years after the date of the grant of an Option. 
  

 2 

 5. EXERCISE OF OPTION AND ISSUE OF STOCK 
 The Option may be exercised in whole or in part by giving written notice to the Corporation. Such written notice shall be signed by the person exercising
the Option, shall state the number of Shares with respect to which the Option is being exercised, shall contain the warranties, if any, required by Section 6 of this Agreement and shall specify a date (other than a Saturday, Sunday or legal
holiday) not less than five (5) nor more than ten (10) days after the date of such written notice, as the date on which the Shares will be taken up and payment made therefor, at the principal office of the Corporation during ordinary
business hours, or at such other hour and place agreed upon by the Corporation and the person or persons exercising the Option and shall otherwise comply with the terms and conditions of this Agreement and the Plan. On the date specified in such
written notice (which date may be extended by the Corporation if any law or regulation requires the Corporation to take any action with respect to the Shares prior to the issuance thereof, whether pursuant to the provisions of Section 6 or
otherwise) the Corporation shall accept payment for the Shares and shall deliver an appropriate certificate or certificates for the Shares as to which the Option was exercised to the Participant. 
 The Option price of any shares shall be payable at the time of exercise either: 
 (i) in cash or by check or certified or bank check; 
 (ii) in whole Shares of the Corporation’s common stock, owned by the person exercising the option for six months or more, with a fair
market value equal to the option price as agreed by the parties; provided, however, that if such shares were acquired pursuant to an incentive stock option plan, as defined in Code Section 422 or prior Code Section 422A of the Corporation
or an Affiliate, including this Plan or a qualified stock option plan as defined in Code Section 422, that the applicable holding period requirements of said prior Sections 422 and 422A have been met with respect to such Shares; or 

(iii) any combination of (i) and (ii) above. 
 The Corporation shall pay all original issue taxes with respect to the issue of Shares pursuant hereto and all other fees and expenses necessarily incurred by the Corporation in connection therewith. The holder of
this Option shall have the rights of a shareholder only with respect to those Shares covered by the Option which have been registered in the holder’s name in the share register of the Corporation upon the due exercise of the Option. 

 

 3 

 6. WARRANTIES 
 Certificates representing Shares which are purchased pursuant to this Option Agreement shall bear the following legend, in addition to such other legends as counsel to the Corporation may deem appropriate: 

The shares represented by this certificate are subject to all of the terms, conditions, limitations and restrictions set forth in the Vitacost.com,
Inc. Stock Option Plan (“Plan”), as amended, a copy of which is on file with the Corporation, and this Option Agreement. All terms, conditions, limitations and restrictions of the Plan and the Option Agreement are fully binding on the
holder of the certificate, his or her successors, estate, heirs, assigns, personal representative, administrator, executor or guardian as the case may be, for all purposes until such time that all terms, conditions, limitations and restrictions of
the Plan or the Option Agreement are removed, waived, or otherwise vacated in a manner expressly authorized thereunder. 
 7.
NON-ASSIGNABILITY 
 This Option shall not be transferable by the Participant and shall be exercisable only by the Participant.

 8. NOTICES 
 All
notices, demands, instructions and other communications required or permitted to be given to or made upon either Party hereto or any other person shall be in writing and shall be personally delivered or sent by registered or certified mail, postage
prepaid, return receipt requested, or by a reputable courier delivery service, or by telegram (with messenger delivery), or by telecopier (confirmed by mail), and shall be deemed to be given for purposes of this Agreement on the day that such
writing is delivered or sent to the intended recipient thereof in accordance with the provisions of this Section. Unless otherwise specified in a notice sent or delivered in accordance with the foregoing provisions of this Section, notices, demands,
instructions and other communications in writing shall be given to or made upon the respective Parties hereto at the following address: 
  

			
	To the Corporation:	  	 Vitacost.com, Inc.
 2055 High Ridge Road
 Boynton Beach, Florida 33426

		
	With a Copy to:	  	 Shefsky & Froelich Ltd.
 444 North Michigan
Avenue
 Suite 2500
 Chicago, IL 60611
 Attention: Mitchell D. Goldsmith

		
	To the Participant:	  	 Wayne Gorsek
 5856 West 11350 North
 Highland, Utah 84003

  

 4 

 9. GOVERNING LAW 
 This Agreement shall be construed and enforced in accordance with the internal laws (and not the laws of conflict) of the State of Illinois. 
 10. BINDING AGREEMENT. 
 This
Agreement shall (subject to the provisions of Section 7 hereof) be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto. 
 IN WITNESS WHEREOF, the Corporation has caused these presents to be executed on its behalf and its corporate seal to be hereto affixed by its duly authorized representative and the Participant has hereunto set his
hand and seal, all on the day and year first above written. 
  

			
	VITACOST.COM, INC.
		
	By:	 	/s/ Wayne Gorsek
		 	Chief Executive Officer
	
	PARTICIPANT:
	
	/s/ Wayne Gorsek

  

 5CoQ10 Supply Agreement

 Exhibit 10.21 
 AGREEMENT 
 THIS AGREEMENT (the
“Agreement”) is made and entered into as of the 13th day of March, 2007, by and between Pharma Base S.A.,
a Switzerland corporation located at Churerstrasse 166, 8808 Pfáffikon, Switzerland (“Seller”) and Vitacost Inc., a Florida corporation located at 2055 High Ridge Road, Boynton Beach, Florida 33426 (“Vitacost”).

 RECITALS 
 WHEREAS,
Vitacost is in the business of distributing dietary supplement and food products; 
 WHEREAS, Seller is an investor into Vitacost and in the
business of distributing raw material dietary ingredients; and 
 WHEREAS, Seller agrees to sell its ingredient, Japanese Naturally Fermented
Co-Enzyme Q-10 (the “Ingredient”), the specifications of which are attached as Exhibit A, to Vitacost so that Vitacost may manufacture and package the Ingredient into dietary supplement and food products (the “Products”) for
distribution through its affiliate or sister companies (the “Affiliates”). 
 NOW, THEREFORE, in consideration of the mutual
promises and covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Vitacost and Seller agree as follows: 
 TERMS 
 1. Obligation to Supply. Seller has the obligation to ensure a
minimum of 500 Kilograms of the Ingredient are available to ship on a monthly basis through the end of this agreement. Vitacost has the obligation to use the material in a minimum of 90% of its NSI SKU’s containing the Ingredient. Seller has
the obligation to offer competitive pricing within $25 per kilo versus/amongst the fermentation manufacturers of the ingredient (Asahi, Kaneka & Mitsubishi). The Seller and Vitacost will meet regularly to determine ongoing supply
obligations for both parties. 
 2. Ingredient Ordering and Delivery. Vitacost shall order the Ingredient with a lead time of three
weeks and pay for the Ingredient pursuant to 50 day terms. Seller shall ship the product to arrive within three weeks of purchase order receipt. The Seller and Vitacost agree to meet regularly to determine ongoing pricing, FOB Anywhere USA.

 3. Term. The term of this Agreement shall be for a period of Three (3) years from the date hereof (the “Initial
Term”). At anytime after the first year of the Initial Term, Vitacost may terminate this Agreement upon sixty (60) days advanced written notice. After the Initial Term, this Agreement shall renew on a yearly basis unless either party
notifies the other party of its intention to terminate or need to alter this Agreement by no later than (60) days prior to the expiration of any renewal term. 

 4. Confidentiality. During the term of this Agreement and after its expiration or termination,
each party agrees to keep confidential, and to require its respective officers, directors, employees and agents to keep confidential all proprietary information of the other party, including without limitation any information specifically identified
by either party prior to disclosure as being confidential information, plans and data concerning products, marketing, sales, customers, and technical or business matters. Disclosure of such confidential information shall be made by either party only
to those of its employees and agents who have need to know such information in order to carry on the purposes of this Agreement, and who have agreed to abide by confidentiality requirements at least as restrictive as those set forth herein.

 5. Seller as Legitimate Distributor. Seller hereby represents and warrants that it is an approved distributor of the Ingredient in
the United States, that the consent of any third party is not needed or required for Seller to sell the Ingredient to Vitacost or enter this Agreement. 
 6. Notices. All demands, notices and other communications to be given hereunder, if any, shall be in writing and shall be sufficient for all purposes if personally delivered, sent by facsimile, sent by
nationally-recognized courier service, or if sent by registered or certified United States mail, return receipt requested, postage prepaid, and addressed to the respective party at the postal address set forth herein or to such other address or
addresses as such party may hereafter designate in writing to the other party as herein provided. The present addresses of the parties hereto are set forth above. If personally delivered, notice under this Agreement shall be deemed to have been
given and received and shall be. effective when personally delivered. Notice by facsimile and nationally-recognized courier service shall be deemed to have been given when received. Notice by mail shall be deemed effective and complete upon deposit
in the United States mail. 
 7. Entire Agreement and Modification. This Agreement contains the entire agreement of the parties
relating to its subject matter and the parties agree that this Agreement supersedes all prior written or oral agreements, representations, and warranties relating to its subject matter. No modification of this Agreement shall be valid unless made in
writing and signed by the parties. The individuals signing this Agreement each represents to the other that it has the full right and authority to enter into this Agreement and to perform the obligations set forth herein of such party. 

8. Force Majeure. Neither party shall be responsible or liable for any loss, damage, detention or delay caused by fire, strike, civil or
military authority, governmental restrictions or controls, insurrection or riot, railroad, marine or air embargoes, lockout, or any Act of God, provided that performance shall, as practicable, recommence immediately upon the cessation of such
unavoidable event. 
 9. Dispute Resolution. The parties hope there will be no disputes arising out of their business relationship.
However, if a claim of breach, nonperformance, nonpayment or repudiation should arise related to or connected with this agreement, Purchase Order or any transactions between the parties under this Agreement (a “Dispute”) then the parties
agree to attempt to 

  

 2 

 
informally resolve the Dispute by Direct Negotiation before initiating any claim related to such Dispute to arbitration or in a court of competent
jurisdiction. Direct Negotiation, as used herein, shall mean a meeting (held either by telephone or in-person) between senior business principals designated by each party who have full authority to address and resolve the Dispute. Direct Negotiation
is a prerequisite to arbitration or litigation involving all Disputes between the parties except that either party may proceed directly to a court of law or equity to seek emergency injunctive relief or remedy any safety concerns. To initiate Direct
Negotiation, the complaining party shall make a written demand on the other by certified mail to the primary address of record and identify therein the nature of the Dispute and all issues which, in the opinion of the complaining party, need to be
resolved to restore the business relationship. The Direct Negotiation shall take place during the thirty days following the date of receipt of the demand, at a time and place agreed to by the business principals, and each party agrees to negotiate
in good faith in an attempt to resolve the Dispute. The parties agree to exchange relevant information and cooperate in good faith to resolve the Dispute under this provision and to that end, the non-complaining party shall issue a statement which
addresses the complaining party’s identified Dispute and/or raises additional issues for resolution prior to the Direct negotiation. If the Dispute remains unresolved following Direct Negotiation or if the Direct Negotiation is not completed
within the specified 30-day time period, then the aggrieved parties are released to file suit if they choose to further pursue the Dispute. 
 10. Publicity. The parties agree not to disclose, either directly or indirectly, the existence or terms of this Agreement or of any differences between the parties, or any disputes that have risen to the level of a matter in
mediation or litigation, or any facts, directly or indirectly related to such matters, to the media or any third party. 
 11. Default and
Termination. In the event of a material breach by either party of the terms and conditions of this Agreement (a “Default”), the nonbreaching party may give the other party written notice of such Default. In the event the Default is
remedied within ninety (90) days following such notice the notice shall be null and void. If such Default is not remedied within such 90 day period, the nonbreaching party may terminate this Agreement upon the expiration of such remedy period.
The rights of termination referred to in this Agreement are not intended to be exclusive and are in addition to any other rights available to the parties in law or in equity. Either party may terminate this Agreement upon notice to the other party
if such other party (a) becomes insolvent or bankrupt or (b) files any petition in bankruptcy or (c) permits to be filed any petition in bankruptcy and such petition is not withdrawn within 60 days of such filing. 
 12. Waiver and Assignment. The waiver of a breach of any term or condition of this Agreement shall not be deemed to constitute the waiver of any
further breach of such term or condition or the waiver of any other term or condition of this Agreement. Neither party shall assign this Agreement or any right or interest herein in part or in whole without the prior written consent of the other
party. 
 13. No Partnership. Nothing in this Agreement shall be construed to give rise to a relationship between the parties hereto
as a joint venture or partnership or other relationship than that of independent contractors. 
  

 3 

 14. Facsimiles. The parties agree that signed facsimile transmitted copies of this Agreement are
enforceable. 
  

							
	VITACOST INC, INC.	 	SELLER
				
	By:	 	 /s/ Ira Kerker
	 	By:	 	 /s/ Russell R. Anderson

	Name:	 	Ira Kerker	 	Name:	 	Russell R. Anderson
	It’s:	 	CEO	 	It’s:	 	President

  

 4 

 EXHIBIT A 
 Specifications 
  

					
	AsahiKASEI	  		  	
		  		  	 Asahi Kasei Corporation
 Health Care Company
 Fine Chemicals & Diagnostics Division
 Fine Chemicals Marketing Department
 9-1 Kanda Mitoshirocho, Chìyoda-ku

Tokyo 101-8481 Japan
  
 Phone +81-3-3259-5721
 Fax
+81-3-3259-5713

  

					
	Specifications and Test Method of Ubidercarenone JP
	
	 Product Name: Ubidercarenone JP (Coenzyme Q10)

	
	 Ubidercarenone contains not less than 98% of C59H90O4, calculated on the anhydrous basis.

  

					
	 Item
	  	 Test Method
	  	 Specifications

	1. Description	  	General Rules of Japanese Pharmacopeia (JP)	  	Yellow to orange crystalline powder
	2. Identification (1)	  	Confirmation of Ubiquinone	  	Color reaction: Blue color appears
	3. Identification (2)	  	IR	  	IR: Identical with the standard sample
	4. Heavy Metals	  	JP Heavy Metals Method 4	  	Not more than 20ppm
	5. Arsenic	  	JP Arsenic Method 3	  	Not more than 2ppm
	6. Related substances	  	JP Liquid Chromatography	  	Not more than 1%
	7. Water	  	JP Water Determination	  	Not more than 0.20%
	8. Residue on ignition	  	JP Residue on Ignition Test	  	Not more than 0.10%
	9. Assay	  	JP Liquid Chromatography	  	Not less than 98.5%
	
	Coenzyme Q10 is of a natural origin manufactured by a fermentation process without any chemical modification Containers and storage Containers – Tight containers,
Storage-Light-resistant

  

 5

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