Document:

Filed by Bowne Pure Compliance

Exhibit 4.3

August 19, 2005

LICENSE AGREEMENT

Between

L & J BECVAR, L.P.

LICENSOR

And

CHROMADEX, INC.

LICENSEE

 

 

 

License Agreement

Table of Contents

	 	 	 	 	 
	ARTICLE I — Definitions
	 	 	1	 
	 
	 	 	 	 
	ARTICLE II — Patent License and Technology
	 	 	3	 
	2.1 License Grant
	 	 	3	 
	2.2 Sublicenses
	 	 	3	 
	2.3 Retained Grants
	 	 	4	 
	2.4 No Implied Rights
	 	 	4	 
	2.5 Newly Developed Technologies by Licensor
	 	 	4	 
	2.6 Newly Developed Technologies by Licensee
	 	 	4	 
	 
	 	 	 	 
	ARTICLE III — Payments, Royalties and Reports
	 	 	5	 
	3.1 License Fee(s)
	 	 	5	 
	3.2 Sublicense Fee
	 	 	5	 
	3.3 Earned Royalties
	 	 	5	 
	3.4 Minimum Royalties
	 	 	5	 
	3.5 Patent Costs and Expenses
	 	 	6	 
	3.6 Royalty and Reports; Method of Payment; Payment Exchange
Rate and Currency Conversions
	 	 	6	 
	3.6.1 Reports and Payment
	 	 	6	 
	3.6.2 Method of Payment
	 	 	6	 
	3.6.3 Currency Conversions
	 	 	7	 
	3.7 Maintenance of Records; Audits
	 	 	7	 
	 
	 	 	 	 
	ARTICLE IV — Performance
	 	 	8	 
	 
	ARTICLE V — Patents
	 	 	8	 
	5.1 Filing, Prosecution and Maintenance of Patents
	 	 	8	 
	5.2 Enforcement
	 	 	9	 
	5.3 Marking of Products
	 	 	9	 
	 
	 	 	 	 
	ARTICLE VI — Confidentiality; Additional Covenants; Stock Issuance
	 	 	9	 
	6.1 Nondisclosure Obligation
	 	 	9	 
	6.2 Additional Covenants and Acknowledgments of Licensee
	 	 	10	 
	6.3 Capitalization
	 	 	10	 
	6.4 Authorization of Stock
	 	 	11	 
	6.5 Promotional Marketing
	 	 	11	 
	6.6 Investment Representations
	 	 	11	 
	 
	 	 	 	 
	ARTICLE VII — Negation of Warranties; Indemnification
	 	 	12	 
	7.1 Disclaimer
	 	 	12	 
	7.2 Additional Disclaimers
	 	 	12	 
	7.3 Indemnification by Licensee
	 	 	12	 
	7.4 Insurance
	 	 	12	 

 

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	ARTICLE VIII — Term and Termination
	 	 	13	 
	8.1 Term and Expiration
	 	 	13	 
	8.2 Termination for Cause
	 	 	13	 
	8.3 Material Breach by Licensee
	 	 	13	 
	8.4 Technology and Know-How License
	 	 	14	 
	8.5 Validity
	 	 	14	 
	8.6 Effect of Termination
	 	 	14	 
	 
	 	 	 	 
	ARTICLE IX — Miscellaneous
	 	 	15	 
	9.1 Assignment
	 	 	15	 
	9.2 Governing Law
	 	 	15	 
	9.3 Waiver
	 	 	15	 
	9.4 Independent Relationship
	 	 	15	 
	9.5 Export Control
	 	 	16	 
	9.6 Entire Agreement; Amendment
	 	 	16	 
	9.7 Notices
	 	 	16	 
	9.8 Force Majeure
	 	 	17	 
	9.9 Severability
	 	 	17	 
	9.10 Binding Nature of Agreement
	 	 	17	 
	9.11 Arbitration
	 	 	17	 
	9.12 Counterparts
	 	 	18	 
	 
	 	 	 	 
	EXHIBIT A
	 	 	19	 
	EXHIBIT B
	 	 	 	 
	EXHIBIT C
	 	 	 	 

 

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LICENSE AGREEMENT

THIS AGREEMENT (“Agreement”)
 is effective as of the date of the last signature hereto
(“Effective Date”) between L & J Becvar, L.P., a limited partnership organized and existing under
the laws of Texas, having a place of business at El Paso, Texas (“Licensor”) and ChromaDex, Inc., a
corporation organized and existing under the laws of California, having a place of business at
Santa Ana, California (“Licensee”).

BACKGROUND

A. Licensor owns certain Patent Rights (defined herein).

B. Licensee desires to license from Licensor the Patent Rights in order to
commercialize processes, methods and marketable products covered thereby.

NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants, and
Subject to the terms and conditions contained herein, the parties hereby agree as follows:

ARTICLE I

DEFINITIONS

As used In this Agreement, the following terms, whether used in the singular or plural, shall
have the respective meanings set. forth below:

1.1 The term “Affiliate” shall mean any individual or entity directly or indirectly
controlling, controlled by or under common control with, a party to this Agreement. For purposes of
this Agreement, the direct or indirect ownership of over fifty percent (50%) of the outstanding
voting securities of an entity, or the right to receive over fifty percent (50%) of the profits or
earnings of an entity shall be deemed to constitute control. Such other relationship as in fact
gives such individual or entity the power or ability to control the management, business and
affairs of an entity shall also be deemed to constitute control.

1.2 The term “Calendar Quarter” shall mean the respective periods of three (3) consecutive
calendar months ending on March 31, June 30, September 30 and December 31.

1.3 The term “Calendar Year” shall mean each successive period of twelve (12) months
commencing on January 1 and ending on December 31.

 

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1.4 The term “Common Stock” shall mean common stock of Licensee, $0.0001 par value.

1.5 The term “First Commercial Sale” shall mean, the initial transfer or the initial practice
thereof by or on behalf of Licensee, or it’s Affiliates or its sublicensees for end use of Licensed
Products in exchange for cash or other consideration.

1.6 The term “Licensed Products” shall mean any product, composition, method or process which,
in the course of manufacture, use, practice, sale or import is:

	 	(a)	 	within the scope of one or more claims of the Patent Rights; or
	 
	 	(b)	 	A product containing any one or more of the following or
similar elements and which is intended to be used as part of any product,
composition, method or process which is within the scope of one or more
claims of the Patent Rights:

	 	(i)	 	analytical chemistry media (i.e. TLC plates);
	 
	 	(ii)	 	luminescent bacteria for detection (stabilized);
	 
	 	(iii)	 	chemicals and reagents for performing
steps covered under the Patent Rights;
	 
	 	(iv)	 	detection devices or media; and/or
	 
	 	(v)	 	Instruction manual describing or
inducing one to perform the steps covered under the Patent Rights.

1.7 The term “Net Sales” shall mean the gross revenues received by Licensee, Affiliates, or
sublicensees from the sale of Licensed Products less sales and/or use taxes actually paid, import
and/or export duties actually paid, outbound transportation prepaid or allowed, and amounts allowed
or credited due to returns (not to exceed the original billing or invoice amount). Transfer of a
licensed product within licensee or between licensee and an Affiliate for sale by the transferee
shall not be considered a Net Sale for purposes of ascertaining royalty charges. In such,
circumstances, the gross sales price and resulting Net Sales price shall be based upon the sale of
the Licensed Product by the transferee.

 

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1.8 The term “Minimum Annual Sales” shall mean Net Sales equal to the following amount for the
following years:

	 	(i)	 	Second year: two hundred thousand dollars ($200,000)
	 
	 	(ii)	 	Third and Fourth years: five hundred thousand dollars ($500,000) each year
	 
	 	(iii)	 	Fifth and Sixth years: one million dollars ($1,000,000) each year
	 
	 	(iv)	 	Thereafter $2,000,000 each year

1.9 The term “Patent Right(s)” shall mean: Luminous Bacteria and Methods for the
Isolation, Identification and Quantification, of Toxicants described in U.S. Patent, 6,673,563 and
Kit for the Isolation, Identification and Quantification of Toxicants described in U.S. Patent.
6,340,572, and Luminous Bacteria and Methods for the Isolation, Identification and Quantification
of Toxicants described in U.S. Patent 6,017,722 as well as divisional, continuation and substitute
patent applications claiming priority there from and any and all reissues, reexaminations and
extensions thereof; and all foreign equivalents thereof.

1.10 The term “Territory” shall mean the world.

ARTICLE II

PATENT LICENSE AND TECHNOLOGY

2.1 License Grant. Upon the terms and conditions set forth herein, Licensor hereby
grants to Licensee, and Licensee accepts, an exclusive worldwide license under the Patent Rights to
make and have made, to use and have used, to research and have researched, to develop and have
developed, to commercialize and have commercialized, to manufacture and have manufactured, to
promote and have promoted, to practice and have practiced, to sell and have sold, to offer to sell,
to export and have exported, and to import and have imported any Licensed Products.

2.2 Sublicenses.

(a) Licensee may grant sublicenses consistent with this Agreement.

(b) Licensee must deliver to Licensor, a true and correct copy of each sublicense granted by
Licensee, and any modification or termination thereof, within thirty (30) days after execution,
modification, or termination.

(c) Licensee shall provide Licensor with prompt notification of the
identity and address of each Affiliate or sublicensee to which it grants a sublicense and
Licensee shall in a timely manner provide Licensor with a copy of each sublicense
agreement which shall be treated as confidential information in accordance with Section
6.1.

 

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2.3 Retained Rights. Licensor and the University of Texas at El Paso shall
retain the right, to use the Patent Rights for research, development and non-commercial
purposes, which retained right shall include the right to conduct research and development, to
present research results at scientific meetings, and to publish research results in professional or
scholarly journals, and for non-commercial purposes at the University of Texas at El Paso provided,
however such, purposes may include the development of further improvements of the Patent Rights for
commercialization. Licensor will submit its manuscript, for any proposed publication of research
related to Patent Rights to Licensee at least thirty (30) days before publication, and Licensee
shall have the right to review and comment upon the publication in order to protect Licensee’s
confidential information. Upon Licensee’s request, publication will be delayed up to sixty (60)
additional days to enable Licensee to secure adequate intellectual property protection of
Licensee’s property that would be affected by the publication. For the purposes of this clause
“publication” shall mean any public disclosure as defined under patent law.

2.4 No Implied Grants. No license or right is hereby granted by implication,
estoppel, or otherwise, which are not specifically granted to Licensee hereunder.

2.5 Newly Developed Technologies by Licensor. The parties recognize that James E.
Becvar is an employee of the University of Texas at El Paso and is continuing research relating to
the Patent Rights and their development and application, each an “Improvement”. As an employee of
the University of Texas at El Paso, he is required to assign inventions made under specified
conditions to the University of Texas at El Paso, Improvements, if any, owned by the University of
Texas at El Paso will be offered to Licensee by the University of Texas at El Paso for licensing
under terms and conditions set forth in a separate agreement, In the event that Licensee does not
license the Improvement, Chromadex will grant to the University of Texas at E1 Paso a sublicense to
the Patent Rights as defined in this Agreement for the purpose of enabling the commercialization of
the Improvement. The sublicense fee shall be substantially identical to the terms of the Agreement.
Subject to existing or hereafter arising obligations to the University of Texas at El Paso, James
E. Becvar will seek the consent of the University of Texas at El Paso to advise Licensee of new
inventions reasonably relating to the Patent Rights that may be available for licensing from the
University of Texas at El Paso.

2.6 Newly Developed Technologies by Licensee. Subject to obligations to the
University of Texas at El Paso, Licensee will, reasonably cooperate to advise Licensor of new
inventions reasonably related to the Patent Rights which may be available for licensing from
Licensee to Licensor, the University of Texas at El Paso, or other third parties.

 

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ARTICLE III 

PAYMENTS: ROYALTIES AND REPORTS

3.1 License Fee(s). Licensee shall reimburse Licensor the cost associated with
technology development, patent, protection, and patent maintenance and legal fees
associated with licensing the Patent Rights, in the form of a license fee payable as
follows:

(a) A
non-creditable and non-refundable license fee of one hundred
ten thousand dollars ($110,000) to be paid as follows:

	 	(i)	 	$10,000 as of the Effective Date of the Agreement;
	 
	 	(ii)	 	$2,500 paid on the last business day of
each of the months September, October, and November 2005; and
	 
	 	(iii)	 	$5,000 paid on the last business day of each month
thereafter until payment of the $110,000 License Fee has been
made, or if greater, 2% of Net Sales paid on the last business day
of each month until payment of the $110,000 has been made.

(b) ChromaDex Common Stock, the number of shares to be equal to two percent (2%) of the
capital stock of Licensee on a fully diluted basis as of the effective date of the License
Agreement, said stock to have “piggy-back” registration rights on terms and conditions consistent
with industry standards and any previous agreements granted by Licensee (e.g. the Napro
registration rights). Further, Licensor will have anti-dilution rights as set forth in Exhibit A
attached hereto.

3.2 Sublicense Fee. Licensee will pay to Licensor:

(a) 20% of any cash payment made to Licensee in consideration of a sublicense, other than
royalty payments, which are covered by Section 3.3 below, and/or

(b) a fee constituting a cash payment equal to 10% of any non-cash consideration received by
Licensee from sublicensee in consideration of a sublicense, but not including royalty payments
which are covered by Section 3.3 below, such consideration to include, without limitation, equity
in other companies.

3.3 Earned Royalties. Licensee shall pay to Licensor royalties in an amount equal to
2.5% of Net Sales of Licensed Products by Licensee, its Affiliates and sublicensees. Royalties
shall be payable on all products worldwide, without regard to whether there are Patent Rights in
any country other than the United States. The negotiated royalty rate of 2.5% represents a rate
that is negotiated in lieu of a higher United States royalty rate and no royalty for outside the
United States.

3.4 Minimum Royalties.

(a) Licensee agrees to pay to Licensor the annual minimum royalty payments of ten thousand
dollars ($10,000) per year (and increasing by fifteen percent each year) commencing on the first
anniversary of the License Agreement, subject to a
cap of $20,000 per year. Minimum royalties are creditable against earned royalties for the
applicable year period.

 

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(b) Minimum royalties shall be due and payable upon the first and each successive
anniversary of the Effective Date of this Agreement, Waiver by Licensor of any minimum royalty
payable hereunder shall not be deemed to constitute a waiver of any subsequent minimum royalty
payment.

3.5 Patent Costs and Expenses. During the term of the Agreement, Licensee shall
reimburse Licensor any and all the amounts for patent costs and expenses to prosecute and maintain
the Patent Rights; provided such costs are incurred in accordance with Section 5.1 of this
Agreement.

3.6 Royalty and Reports; Method of Payment; Payment Exchange Rate and Currency
Conversions.

3.6.1 Reports and Payment. Within sixty (60) days following the close of each
Calendar Quarter, beginning immediately after the Effective Date, Licensee must deliver to Licensor
a true and accurate written report, even if no payments are due Licensor, giving the particulars of
the business conducted by Licensee and its sublicensee(s), if any exist, during the preceding three
(3) calendar months under this Agreement as are pertinent to calculating payments hereunder.
Simultaneously with the submission of the written report, Licensee shall pay to Licensor, on behalf
of Licensee, its Affiliates and sublicensees, the aggregate royalty due in United States dollars
for such Calendar Quarter. The reports shall include, without limitation, country of sale, date
sold, quantity, applicable deductions and calculation of royalty for each sale. If for any Calendar
Quarter no royalties are due, Licensee shall submit a report with a written statement to that
effect and the calculation therefore.

(a) On or before each anniversary of the Effective Date, irrespective of having a First
Commercial Sale or offer for First Commercial Sale, Licensee must deliver to Licensor a written
progress report as to Licensee’s (and any sublicensee’s) efforts and accomplishments during the
preceding year in diligently commercializing licensed subject matter In the I Territory and
Licensee’s (and, if applicable, sublicensee’s) commercialization plans for the upcoming year.

3.6.2 Method of Payment. Payments to be made by Licensee to Licensor under this
Agreement shall be paid by check or by bank wire transfer in immediately available funds to such
bank account in the United States designated in writing by Licensor from time to time. Licensee
agrees to pay license fee as described in 3.1 according to the following distribution:

(a) $110,000 to James Becvar directly for reimbursement of costs associated with
technology development, patent protection and maintenance and legal fees associated with licensing;

(b) 2.0% ChromaDex Stock to Licensor; and

(c) 2.5% of Net Sales to Licensor.

 

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3.6.3 Currency Conversions/Tax Withholding. Payments shall be made in United States
dollars to the extent that conversions to United States dollars are permitted. The rate of
exchange to be used in any such conversion from the currency in the country where such Net Sales
are made shall be the commercial rate of exchange prevailing in the United States on the last day
of the Calendar Quarter calculated using the exchange rate (local currency, per US$1) published in
The Wall Street Journal, Western Edition, under the heading “Currency Trading.” If due to
restrictions or prohibitions imposed by national or international authority, royalties in any
country cannot be remitted to Licensor within six (6) months after the end of the Calendar Quarter
during which they are earned, then Licensee shall be obligated to deposit the royalties in a bank
account in such country in the name of Licensor or Licensor’s designee. If Licensee concludes that
tax withholdings under the laws of any country are required with respect to payments to Licensor,
Licensee may deduct and pay to the appropriate governmental authorities the amount required to be
withheld from the amount due Licensor and provide to Licensor reasonable evidence of such payment.

3.7 Maintenance of Records: Audits.

(a) Licensee shall keep complete and accurate records in sufficient detail to enable the
royalties payable hereunder to be determined. Upon the written request of Licensor, Licensee shall
permit Licensor or Licensor’s representative or accountant, at Licensor’s expense, once annually to
have access during normal business hours to the records of Licensee to verify the accuracy of the
royalty reports hereunder. During the Term of this Agreement and for one (1) year thereafter,
Licensee agrees to keep complete and accurate records of its and its sublicensees’ sales and Net
Sales of Licensed Products under the license granted in this Agreement in sufficient detail to
enable the royalties payable hereunder to be determined. Licensee agrees to permit Licensor or its
representatives, at Licensor’s expense, to periodically but no more than once per annum examine its
books, ledgers, and records during regular business hours for the purpose of and to the extent
necessary to verify any report required under this Agreement.

(b) If Licensor or its accountant correctly concludes that additional royalties were owed
during such period, Licensee shall pay the additional royalties within thirty (30) days of the date
Licensor delivers to Licensee a written report setting forth the basis concerning the discrepancy.
The fees charged by any accounting firm shall be paid by Licensor, except in the event that such
inspection shows an underreporting and underpayment in excess of five percent (5%) for any
Calendar Quarter reporting period, then Licensee will pay the cost of such examination and accrued
interest at the highest allowable rate but not more than prime rate plus three percent (3%)
interest compounded daily on the amount underpaid. Any such audit shall be coordinated with
auditing
requirements under the UTEP/ChromaDex agreement cross referenced in the Agreement, to prevent
duplicate audits in any calendar year.

 

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ARTICLE IV

PERFORMANCE

Licensee
represents, warrants and covenants for the term of this Agreement that it shall use
its reasonable commercial efforts to develop, introduce into the commercial market and to
commercialize Licensed Products as soon as practicable and in such countries where it is
commercially viable to do so, consistent with reasonable business practices.

ARTICLE V

PATENTS

5.1
 Filing, Prosecution and Maintenance of Patents.

(a) Licensor, through its own patent attorneys reasonably acceptable to licensee (Peacock
Myers, P.C. is hereby approved) and in consultation with Licensee, agrees to file, prosecute and
maintain Patent Rights in the United States. Licensor shall keep Licensee advised of the issuance
of any patents within the Patent Rights and, upon the request of Licensee, provide copies of
filing, prosecution and maintenance documents filed relating to Licensor Patent Rights. Licensor
shall not have any liability whatsoever to Licensee with respect to the results of the filing,
prosecution or maintenance of Patent Rights.

(b) Licensor shall give at least thirty (30) days written notice to Licensee of any intention
to cease filing, prosecution and/or maintenance of any patent application or patent within the
Patent Rights. In such case, Licensee may elect to continue filing, prosecution or maintenance of
patents. Subsequently, in the event Licensee intends to cease filing, prosecution and/or
maintenance of Patent Rights which Licensee is responsible for filing, prosecuting or maintaining
hereunder, Licensee shall give at least thirty (30) days written notice to Licensor of such
intention, and in such case, shall permit Licensor to continue filing, prosecution or maintenance
at its own expense.

(c) Each party shall promptly inform the other as to all matters that come to its
attention that may affect the preparation, filing, prosecution or maintenance of the Patent Rights,
and shall cooperate with the other party with respect thereto, including, without limitation,
providing, as reasonably requested, the appropriate powers of attorney, declarations or other
documents necessary to facilitate the filing, prosecution or maintenance of the Patent Rights. The
Party having responsibility for the preparation, filing, prosecution and maintenance of such
Patents, shall promptly provide the other Party with copies of all substantive communications from
any patent office and with drafts of all substantive filings to be made, reasonably in advance of
their filing, with any patent office with respect thereto; shall consider in good faith any
comments thereon
provided by the other Party; and shall not unreasonably decline to incorporate changes to such
filing proposed by such other Party. Each Party shall assist the other in the preparation and
prosecution of such Patent Rights and shall execute all documents reasonably deemed necessary for
the filing thereof and/or for the vesting of title thereto as provided in this License Agreement.

 

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5.2 Enforcement.

(a) Licensee shall notify Licensor in writing within thirty (30) days of any infringement of a
licensed Patent Right which becomes known to Licensee. Licensor shall notify Licensee in writing
within thirty (30) days of any infringement of a licensed Patent Right which becomes known to
Licensor.

(b) Licensee, at its expense, shall enforce any Patent Right licensed hereunder against
substantial infringement by third parties and it is entitled to retain recovery from such
enforcement. Licensor has the right to join the case and comment on any major aspect thereof.
Licensee shall have the right to settle any such infringement action on terms it deems reasonable
upon review and approval of the Licensor, such review and approval will not be unreasonably
withheld. Licensee shall pay Licensor a royalty on any monetary recovery from such enforcement less
any legal expenses by Licensee. If Licensee does not file suit against a substantial infringer of a
licensed Patent Right within six months after notification under Subsection (a) above, then
Licensor may enforce any Patent Right licensed hereunder on behalf of itself and Licensee. In such
event, Licensor shall retain all recoveries from such enforcement.

5.3 Marking of Products. Licensee agrees to mark every Licensed Product manufactured,
sold, imported or advertised by it (as well as all brochures and advertising material relating to
Licensed Products) as to patents pending or patents issued, all in accordance with applicable laws
and regulations in each country, and further to mark promotional materials as provided in Section
6.5.

ARTICLE VI

CONFIDENTIALITY; ADDITIONAL COVENANTS

6.1 Nondisclosure Obligation. A receiving party shall use confidential
information only in accordance with this Agreement and shall not disclose to any third party any
confidential information received from the disclosing party, without the prior written consent of
the disclosing party. For purposes of this Agreement, any invention or discovery which is or may
be patentable or otherwise protectable under Federal law, rule or regulation included in Patent
Rights shall be deemed to be confidential. The foregoing obligations shall survive the expiration
or termination of this Agreement for a period of ten (10) years. These obligations shall not apply
to confidential information that:

(a) is
known by the receiving party at the time of its receipt, and not through a prior
disclosure by the disclosing party, as documented by business records;

 

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(b) is at the time of disclosure or thereafter becomes published or
otherwise part of the public domain without breach of this Agreement by the receiving
party;

(c) is subsequently disclosed to the receiving party by a third party who has the right to
make such disclosure;

(d) is developed by the receiving party independently of confidential information or other
information received from the disclosing party and such independent development can be properly
demonstrated by the receiving party;

(e) is necessary to be disclosed to sublicensees, agents, consultants, Affiliates and/or
other third parties for the research and development, manufacturing and/or marketing of Licensed
Products (or for such parties to determine their interest in performing such activities), or
potential merger partners, acquirers or investors in accordance with this Agreement on the
condition that such third parties agree to be bound by the confidentiality obligations contained in
this Agreement, provided that the term of confidentiality for such third parties shall be no less
than ten (10) years; or

(f) is required to be disclosed by law or court order, provided that written notice is
promptly given to the other party in order to provide an opportunity to seek a protective order or
other similar order with respect to such confidential information and thereafter discloses only the
minimum information required to be disclosed in order to comply with the request, whether or not a
protective order or other similar order is obtained by the other party.

6.2
Additional Covenants and Acknowledgments of Licensee. Without
limiting anything contained in this Agreement, Licensee represents, warrants and covenants
for the term of this Agreement to Licensor that Licensee, its Affiliates and permitted
sublicensees shall comply with all applicable laws, rules, and regulations relating to its
activities under this Agreement.

6.3 Capitalization. Licensee represents and warrants to Licensor as of the
Effective Date of the Agreement, the authorized capital stock of the Licensee consists solely of
Common Stock and preferred stock (as set forth in Exhibit B) and that attached hereto as Exhibit B
are the Articles of Incorporation which are in effect as of the Effective Date. Licensee represents
and warrants that immediately upon the consummation of the transaction contemplated by this
Agreement, the authorized capital stock of Licensee shall consist of:

(a) 16,881,541
shares of Common Stock, of which 16,881,541 shares shall have been validly
issued and are outstanding, fully paid and nonassessable, with no personal liability attaching
to the ownership thereof. No shares of preferred stock of Licensee have been issued or are
subject to warrants, options, agreements, convertible securities or other commitments.

 

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(b) Exhibit C attached hereto contains a list of all outstanding warrants, options,
agreements, convertible securities or other commitments pursuant to which the Licensee is or may
become obligated to issue any shares of its capital stock or other
securities of the Licensee.

(c) All shares of stock and other securities issued by the Licensee prior to or at the
Effective Date of the Agreement have been issued in transactions exempt from registration under the
Securities Act of 1933, as amended (the “Securities Act”), and all applicable state securities or
“blue sky” laws in connection with the issuance of any shares of Common Stock, and other securities
prior to or at the Effective Date.

6.4 Authorization of Stock. The issuance, sale and delivery of the shares of Common
Stock issued to Licensor hereunder have been duly authorized by all requisite corporate action of
the Licensee, and when issued, sold and delivered in accordance with this Agreement, the Common
Stock will be validly issued and outstanding, fully paid and nonassessable with no personal
liability attaching to the ownership thereof, and not subject to preemptive or any other similar
rights of the shareholders of the Licensee or others. There are no designations, powers,
preferences and rights or qualifications, limitations and restriction of the shares of Common Stock
stated in the Licensee’s Articles of Incorporation.

6.5 Promotional Marketing. In addition to product patent marking pursuant to Section
5.3, Licensee will identify Laura Becvar as an inventor of the Patent Rights in promotional
materials and packaging inserts. Licensor and Licensee will meet and agree on the form of such
identification. This identifying language will substantially state “Based on inventions created by
Laura Becvar”.

6.6 Investment Representations. The Licensor hereby agrees, represents and warrants,
on its own behalf that;

(a) Licensor are acquiring such shares for its own account (and not for the account of
others) for investment purposes only and not with a view to the distribution or resale thereof.

(b) Licensor has had access to management of the Licensee and an opportunity to ask questions,
and Licensor has received answers, regarding the business and affairs of the Licensee such that
Licensor understands the merits and risks of owning shares of common stock of the Licensee, and can
bear the risk of loss of its investment herein.

(c) Licensor understand that the shares may not be sold or otherwise disposed of in the
absence of either an effective registration statement under the Securities Act of 1933 (“the Act”)
or an exemption from the registration provisions of The Act.

(d) Licensor understand that the certificate representing the shares will contain a
legend to the effect of paragraph (c) above.

 

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ARTICLE VII

NEGATION OF WARRANTIES; INDEMNIFICATION

7.1 Disclaimer. THE RIGHTS LICENSED HEREUNDER ARE LICENSED “AS IS.” LICENSOR
MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND IN THE AGREEMENT AND ALL OTHER WARRANTIES,
EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY AND
FITNESS FOR A PARTICULAR PURPOSE, ARE EXCLUDED FROM THIS AGREEMENT.

7.2 Additional Disclaimers. Without limiting the foregoing in Section 7.1, Licensor
makes no representations or warranties, express or implied, as to the accuracy, validity, or
utility of any of the Patent Rights, or that the Patent Rights may be exploited without infringing
other patents or other intellectual property rights of third parties. Licensor represents that as
of the Effective Date of this Agreement, Licensor has no actual notice or actual knowledge of
infringement.

7.3 Indemnification by Licensee. Licensee shall indemnify, defend and hold harmless
Licensor and its Affiliates, and each of its and their respective employees, officers, directors
and agents (each, a “Licensor Indemnified Party”) from and against any and all liability, loss,
damage, cost and expense (including reasonable attorneys’ fees) (collectively “Liabilities”) which
a Licensor Indemnified Party may incur, suffer or be required to pay resulting from, or arising in
connection with: the breach by Licensee, its Affiliates or its sublicensees of any covenant,
representation or warranty contained in this Agreement; or any Liabilities arising from the license
granted hereunder, including, without limitation, any Liabilities arising from the use or transfer
of Licensed Products, or relating to the accuracy or validity of the Patent Rights, including,
without limitation, any claims for infringement.

7.4 Insurance. Licensee agrees to maintain a $2 million insurance policy to satisfy
its obligations under this Agreement, which policy shall include products liability coverage.
Licensee agrees to provide evidence of coverage upon request of Licensor.

 

- 12 -

 

ARTICLE VIII 

TERM AND TERMINATION

8.1 Term and Expiration. This Agreement shall be effective as of the Effective Date
and, unless terminated earlier pursuant to Sections 8.2 or 8.3 below, the term of this Agreement
shall continue in effect until the later of the expiration of the last to expire Patent Rights
embodied in a Licensed Product, or ten (10) years from the Effective Date (“Term”).

8.2 Termination for Cause. This Agreement may be terminated upon written notice by
either party at any time during the term of this Agreement:

(a) if
the other party is in breach of its material obligations hereunder and has not cured
such breach within sixty (60) days after written notice of the breach with reasonable detail of the
particulars of the alleged breach and provided that if there is a dispute submitted to arbitration,
the notice and cure period will not commence until the later of the completion of the arbitration;
or

(b) upon the filing or institution of bankruptcy, reorganization, liquidation or receivership
proceedings, or upon an assignment of a substantial portion of the assets for the benefit of
creditors by the other party, or in the event a receiver or custodian is appointed for such party’s
business or if a substantial portion of such party’s business is subject to attachment or similar
process; provided however, in the case of any involuntary bankruptcy proceeding such right to
terminate shall only become effective if the party consents to the involuntary bankruptcy or such
proceeding is not dismissed within sixty (60) days after the filing thereof.

(c) if Licensee does not meet Minimum Annual Sales of Licensed Products in the second year,
then Licensor may terminate the exclusivity of the License. If the Licensee does not meet Minimum
Annual Sales of Licensed Products in the third or subsequent years, the Licensor may terminate the
License.

8.3 Material Breach by Licensee In the event of a material breach by Licensee, which
has not been cured within sixty (60) days written notice, Licensor may, at its election, upon
thirty (30) days written notice, increase the royalties payable hereunder by fifty percent (50%)
for the Licensed Products; provided, however, that if there is a dispute submitted to arbitration,
the notice and cure period will not commence until the later of the completion of the arbitration.
If a material breach is cured after the thirty day period, the increase of royalties shall be in
effect for so long as to fully and completely ameliorate the financial impact of such breach and
make Licensor whole. Licensor shall have no obligation to notify Licensee that Licensor has been
made whole and Licensee shall have the burden of showing that the increase should no longer be
applicable.

 

- 13 -

 

8.4 Technology and Know-How License. It is agreed and understood that this Agreement
is, in part, a license of the technology and know-how incorporated into the Licensed Products and
Patent Rights. In the event the Patent Rights are subsequently held to be invalid by a court of the
United States or foreign country or countries, such Failure to issue or holding of invalidity shall
not render this Agreement invalid.

8.5 Validity. In the event Licensee questions or challenges, directly or indirectly,
the validity of the Patent Rights or assists any other person in doing so, Licensor, at its sole
option, can automatically terminate this License. In the event all of the Patent Rights for the
Territory are declared invalid or unenforceable by a judgment, decree, or decision of a court,
tribunal, or other authority of competent jurisdiction and Licensee and Licensor elect not to
appeal or no appeal is possible, then Licensee shall be relieved of its obligation to pay future
royalties to Licensor hereunder.

8.6 Effect of Termination.

(a) Expiration or termination of the Agreement shall not relieve the parties of any obligation
accruing prior to such expiration or termination, and the provisions of Article VI and Section 7.3
shall survive the expiration of the Agreement. Any expiration or early termination of this
Agreement shall be without prejudice to the rights of either party against the other accrued or
accruing under this Agreement prior to termination or expiration, including the obligation to pay
royalties and other consideration due to Licensor.

(b) Upon termination of this Agreement for any reason whatsoever or upon expiration, a final
report shall be submitted by Licensee and any royalty payments and other payments due to Licensor
under this Agreement shall become immediately due and payable.

(c) Upon termination or expiration of this Agreement, Licensee’s rights and license hereunder
shall immediately terminate and Licensee shall immediately terminate the use, manufacture, sale and
import of Licensed Products.

(d) In the event of termination of the Agreement for any reason, Licensor shall provide to all
sublicensees, no less than thirty (30) days prior to the Effective Date of said termination,
written notice of said termination at the address specified by Licensee in the notice provided to
Licensor under Section 9.7 of this Agreement. During such thirty (30) day period, the sublicensee
shall provide to Licensor notice that the Sublicensee:

(i) reaffirms the terms and conditions of the Agreement as it relates to
the rights the sublicense has been granted under the sublicense;

(ii) agrees to abide by all of the terms and conditions of this Agreement
applicable to sublicensees and to discharge directly all
pertinent obligations of Licensee which Licensee is obligated
hereunder to discharge; and

 

- 14 -

 

(iii) unless otherwise provided for pursuant to an agreement between such
sublicensee and Licensor, acknowledges that Licensor shall have no
obligations to the sublicensee with respect to the subject matter of this
agreement, other than its obligations set forth in this Agreement with
regard to Licensee, and

(e) Licensor agrees to negotiate with sublicensee a license agreement on similar terms
and conditions as this Agreement.

ARTICLE IX

MISCELLANEOUS

9.1 Assignment. This Agreement may not be assigned by Licensee without the prior
written consent of Licensor, which will not be unreasonably withheld; provided, however, Licensee
may, without such consent, assign the Agreement and its rights and obligations hereunder in
connection with the transfer or sale of all or substantially all of its assets related to the
division or the subject business, or in the event of its merger or consolidation or change in
control or similar transaction. This Agreement shall be binding upon, and inure to the benefit of,
each party, its Affiliates, and its successors and assigns. Licensor may assign any or all of its
rights under this Agreement.

9.2 Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of New Mexico without regard to the conflict of law provisions thereof.
Service of process in any such action may be effected in the manner provided in Section 9.7 for
giving of notice or in any other manner consistent with New Mexico law.

9.3 Waiver. The waiver of any breach of this Agreement or the failure or delay of
either party to enforce any right under this Agreement shall not constitute, or be construed as, a
waiver of any other breach of this Agreement, whether of similar nature or otherwise, nor operate
to bar the enforcement of any right under this Agreement.

9.4 Independent Relationship. Nothing herein contained shall be deemed to create an
employment, agency, joint venture or partnership relationship between the parties hereto or any of
their agents or employees, or any other legal arrangement that would impose liability upon one
party for the act or failure to act of the other party. Neither party shall have any power to enter
into any contracts or commitments or to incur any liabilities in the name of, or on behalf of, the
other party, or to bind the other party in any respect whatsoever.

 

- 15 -

 

9.5
Export Control. This Agreement is made subject to any restrictions concerning the
export of products or technical information from the Untied States of America which may be Imposed
upon or related to Licensor or Licensee from time to time by the Government. Furthermore, Licensee
agrees that it will not export, directly or indirectly, any technical information acquired from
Licensor under this Agreement or any products or processes using such technical information to any
country for which the Government at the time of export requires an export license or other
governmental approval, without first obtaining the written consent to do so from the
Department of Commerce or other agency of the Government when required by an applicable statute or
regulation.

9.6 Entire Agreement: Amendment. This Agreement, including the Exhibits hereto, which
are incorporated herein by reference, sets forth the complete, final and exclusive agreement and
supersedes and terminates any prior agreements or understandings between the parties. Any amendment
to this Agreement Shall be in writing and signed by both parties.

9.7 Notices. Each notice required or permitted to be given or sent under this
Agreement shall be given in writing by certified or overnight courier (return receipt requested),
to the parties at the addresses and facsimile numbers indicated below.

If to Licensor, to:

L & J Becvar, L.P.,

5444 La Estancia Circle

E1 Paso, TX 79932-2012

Attention: Manager

With a copy as a courtesy to:

Janeen Vilven Doggett

Peacock Myers, P.C.

201 Third Street NW, Suite 1340

P. O. Box 26927

Albuquerque, NM 87125

If to Licensee, to:

ChromaDex, Inc.

2952 S. Daimler St

Santa Ana, CA 92705

Attention: President

Facsimile No.: 949-419-0294

With a copy as a courtesy to:

Mark Germain

6 Olmsted Road

Scarsdale, NY 10583

 

- 16 -

 

Any such notice shall be deemed to have been received, in the case of a Facsimile, on the following
day if the transmission is properly addressed and transmitted to the correct number, in the case of
certified, first class mail, three (3) days after the certified mailing date if the letter is
properly addressed and postage prepaid or, in the case of overnight courier, upon actual delivery
to the proper place of address. Either party may change its address or its facsimile number by
giving the other party written notice pursuant to this Section.

9.8 Force Majeure. Failure of any party to perform its obligations under this
Agreement (except the obligation to make payments when properly due) shall not subject such party
to any liability or place it in breach of any term or condition of this Agreement if such failure
is due to any cause beyond the reasonable control of such nonperforming party, including without
limitation, acts of God, fire, explosion, flood drought, war, riot, sabotage, embargo, strikes or
other labor trouble, interruption of or delay in the national transportation system, a national
health emergency or compliance with any order or regulation of any government entity; provided
however, that the party affected shall promptly notify the other party of the condition
constituting force majeure and shall use reasonable efforts to eliminate, care and overcome any
such causes and to resume performance of its obligations with all possible speed. If a condition
constituting force majeure as defined herein exists for more than ninety (90) consecutive days, the
parties shall meet to negotiate a mutually satisfactory solution, if practicable.

9.9 Severability. In the event any one or more of the provisions contained in this
Agreement should be held invalid, illegal or unenforceable, the validity, legality and
enforecability of the remaining provisions contained herein shall not in any way be affected or
impaired thereby, unless the absence of the invalidated provision(s) adversely affects the
substantive rights of at least one of the parties. The parties shall, in such an event, use their
best efforts to replace the invalid, illegal or unenforceable provision(s) with valid, legal and
enforceable provision(s) which, insofar as practical, implement the purposes of this Agreement.

9.10 Binding Nature of Agreement. This Agreement shall be binding on all personal
representatives, heirs, successors, and assigns of the parties hereto.

9.11 Arbitration. Any controversy or claim arising out of or relating to this
Agreement, or the breach thereof, shall be settled in the United States by arbitration, in
accordance with the rules then pertaining, of the American Arbitration Association for an
arbitration by a single arbitrator. If the subject of the arbitration involves an intellectual
property, corporate, or bankruptcy matter, as determined by the Association, then the arbitrator
shall have had experience in that subject. The Association is authorized to make arrangements for
this arbitration, to be held under these rules in any locality in the United States agreed upon by
the parties or as designated by the Association. This
Agreement shall be enforceable and judgment upon any award rendered by the arbitrator may be
entered in any court of any country having jurisdiction. The costs of the arbitration, including
reasonable attorneys’ fees, shall be born by the losing party or shall be allocated between the
parties in such proportion as the arbitrator decides.

 

- 17 -

 

9.12
Counterparts. This agreement may be executed in counterparts, which together shall
constitute one and the same Agreement.

IN WITHNESS WHEREOF, the parties have executed this Agreement as of the date first set forth
above.

	 	 	 	 	 	 	 	 	 	 	 
	[LICENSOR]	 	 	 	[LICENSEE]	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ James Becvar
	 	 
	 	By:
	 	/s/ Frank Jaksch
	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	 

	 	Name: James Becvar
	 	 	 	 
	 	Name: Frank Jaksch	 	 
	 

	 	Title: Manager of L & J
Becvar, L.P.
	 	 	 	 
	 	Title: President of ChromaDex,
Inc.	 	 
	 

	 	Date: 15 September 2005
	 	 	 	 
	 	Date: 8/19/2005	 	 

 

- 18 -

 

EXHIBIT A

1. Whenever ChromaDex shall sell or issue (each such sale or issuance referred to as a “Subsequent
Issuance”) shares of Common Stock of ChromaDex, or any options, warrants, convertible securities or
other rights to acquire Common Stock of ChromaDex (referred to herein as “Common Stock
Equivalents”), such Common Stock Equivalents to include those warrants issued in conversion of
Series A Preferred Stock, and the Consideration Per Share (as defined below) in connection with
such Subsequent Issuance is lower than L & J Becvar, L.P.’s purchase price per share of $0.87, than
L & J Becvar, L.P. shall receive, upon the sale or issuance of such Common Stock (or the actual
conversion of Common Stock Equivalents into Common Stock), an additional number of shares of Common
Stock equal to the number obtained by using the following formula:

First: determine the Recalculated Share Price as follows:

Recalculated Share Price equals

(a) Total shares outstanding prior to the Subsequent Issuance, (including L & J Becvar, L.P.’s
shares) multiplied by the price per share paid by L & J Becvar, L.P. ($0.87), plus the total shares
issued in the Subsequent Issuance multiplied by the price per share paid in such Subsequent
Issuance;

divided by

(b) The total shares outstanding after the Subsequent Issuance.

Second: calculate the new share total for L & J Becvar, L.P. as follows:

$294,194 divided by the Recalculated Share Price equals the new share total for L & J Becvar,
L.P.,

Third:
issue additional shares of Common Stock to L & J Becvar, L.P. so that the sum of L & J
Becvar, L.P.’s original shareholdings and the newly issued shares equals the new share total.

2. For the purposes of EXHIBIT A, the Consideration Per Share received by ChromaDex in a
Subsequent Issuance shall be determined as follows:

(a) “Consideration Per Share” with respect to shares of Common Stock means the amount equal
to the total amount of consideration received by ChromaDex for the issuance of such shares of
Common Stock, divided by the aggregate number of shares of Common Stock so issued.

 

- 19 -

 

(b) “Consideration Per Share” with respect to Common Stock Equivalents means the consideration
actually received as of the date of conversion of the Common Stock Equivalents into Common Stock,
plus the actual amount of consideration
received by ChromaDex for the Common Stock Equivalents, divided by the aggregate number of shares
of Common Stock so issued. Unconverted Common Stock Equivalents are not used in calculating
dilution until and unless they are converted into Common Stock.

3. L & J Becvar, L.P. shall receive anti-dilution protection pursuant to this Section 1 until
twelve months from the date hereof, or until ChromaDex sells not less than 1 million shares of
its Common Stock in a public or private offering at a price of not less than $0.87 per share, or
until the Common Stock of ChromaDex or any successor entity is listed on thee Nasdaq Small Cap,
Nasdaq National Market, AMEX or NYSE. Any Common Stock which is issued pursuant to a Common Stock
Equivalent which was issued during this antidilution period shall be subject to this antidilution
protection, even if the Common Stock Equivalent is converted into Common Stock after the
antidilution
period has expired.

4. The antidilution protection set forth in this Section 1 shall not apply to an aggregate of
1,460,000 shares of Common Stock Equivalents for employee options
(l,360,000 new options and
100,000 warrants).

5. The antidilution protection set forth in this Section 1 shall be adjusted for stock splits,
reverse stock splits and the like effected after the date hereof.

 

- 20 -

 

A0561188

EXHIBIT B

Page 3 of 4

 

 

 

A0561188

CERTIFICATE OF AMENDMENT

OF

ARTICLES OF INCORPORATION

The undersigned certify that:

	1.	 	Frank L. Jaksch, Jr. and Mark S. Germain are the President and Secretary respectively of
CHROMADEX, INC., a California corporation.
	 
	2.	 	Article IV of the Articles of Incorporation of this corporation is amended to read as
follows:

This corporation is authorized to issue 2 classes of shares, designated respectively “Common Stock”
and “Preferred Stock”. 20,000,000 shares of Common Stock may be issued. 10,000,000 shares of
Preferred Stock may be issued. The Common Stock has voting rights.
The Preferred Stock has no
voting rights. The board of directors may divide the Preferred Stock into any number of series. The
board of directors shall fix the designation and number of shares of each such series. The board of
directors may determine and alter the rights, preferences, privileges, and restrictions granted to
and imposed upon any wholly unissued series of the Preferred Stock. The board of directors (within
the limits and restrictions of any resolution adopted by it, originally fixing the number of shares
of any series) may increase or decrease the number of shares of any such series after the issue of
shares of that series, but not below the number of then outstanding shares of such series.

	3.	 	The foregoing amendment of Articles of Incorporation has been duly approved by the Board
of Directors.
	 
	4.	 	The foregoing Amendment of Articles of Incorporation has been duly approved by the
required vote of shareholders in accordance with Section 902 of the California Corporations Code.
The total number of outstanding shares of the corporation is
2,000,000. The number of shares voting
in favor of the amendment equaled or exceeded the vote required. The percentage vote required was
more than 50%.

We each further declare under penalty of perjury under the laws of the State of California that the
matters set forth in this certificate are true and correct of our own knowledge.

	 	 	 	 	 
	Dated: January 2, 2001 	/s/
Frank L. Jaksch Jr.
 	 
	 	Frank L. Jaksch, Jr., President 	 
	 	 	 
	 	/s/ Mark S. Germain
 	 
	 	Mark S. Germain, Secretary 	

EXHIBIT B

Page 4 of 4

 

 

 

EXHIBIT B

Page 1 of 4

 

 

 

2187231

ARTICLES OF INCORPORATION

OF

CHROMADEX,
INC.

ARTICLE I

The
name of this corporation is ChromaDex, Inc.

ARTICLE II

The purpose of this corporation is to engage in any lawful act or activity for which a corporation
may be organized under the General Corporation Law of California other than the banking business,
the trust company business or the practice of a profession permitted to be incorporated by the
California Corporations Code.

ARTICLE III

The name and address in the State of California of this corporation’s initial agent for service of
process is Frank Louis Jaksch, Jr., 8 Garzoni Aisle,
Irvine, California 92606.

ARTICLE IV

This corporation is authorized to issue only one class of shares of stock and the total number of
shares which this corporation is authorized to issue is
2,000,000.

	 	 	 	 	 
	Dated: 2/17/00 	/s/ Mark R. Matthews
 	 
	 	MARK R. MATTHEWS, Incorporator 	

EXHIBIT B

Page 2 of 4

 

 

 

ChromaDEx, Inc.

Employee Stock Option Plan

Share Obligations

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	OPTIONS ISSUED TO	 	ISSUE DATE	 	EXPIRATION DATE	 	NUMBER OF OPTION SHARES	 	 	CERTIFICATES ISSUED	 	EXERCISE PRICE	 	 	ADDRESSES	 	CURRENT PERCENT VESTED	 	CANCELLED
	2001 Options
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Option Holder 1
	 	28-Feb-01	 	31-Dec-06	 	 	23,000	 	 	Yes	 	$	0.50	 	 	On file	 	80%	 	 
	Option Holder 2
	 	28-Feb-01	 	31-Dec-06	 	 	23,000	 	 	Yes	 	$	0.50	 	 	On file	 	80%	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Options Issued 2001
	 	above	 	above	 	 	46,000	 	 	above	 	$	0.50	 	 	On file	 	above	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2002 Options
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Option Holder 3
	 	5-Jan-02	 	31-Dec-07	 	 	10,000	 	 	Yes	 	$	0.50	 	 	On file	 	60%	 	 
	Option Holder 4
	 	3-Jan-02	 	31-Dec-08	 	 	10,000	 	 	Yes	 	$	0.50	 	 	On file	 	60%	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Options Issued 2002
	 	above	 	above	 	 	20,000	 	 	above	 	$	0.50	 	 	NA	 	above	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2003 Options
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Option Holder 5**
	 	1-Feb-03	 	31-Dec-09	 	 	225,000	 	 	Yes	 	$	0.50	 	 	On file	 	40%	 	 
	Option Holder 2
	 	1-Feb-03	 	31-Dec-09	 	 	20,000	 	 	Yes	 	$	0.75	 	 	On file	 	40%	 	 
	Option Holder 6
	 	1-Feb-03	 	31-Dec-09	 	 	10,000	 	 	Yes	 	$	0.75	 	 	On file	 	40%	 	 
	Option Holder 7
	 	10-Nov-03	 	31-Dec-09	 	 	5,000	 	 	Yes	 	 	1.00	 	 	On file	 	20%	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Options Issued 2003
	 	above	 	above	 	 	255,000	 	 	above	 	above	 	 	On file	 	above	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2004 Options
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Option Holder 8*
	 	19-Jan-04	 	31-Dec-07	 	 	240,000	 	 	Yes	 	 	1.50	 	 	On file	 	33%	 	 
	Option Holder 9
	 	21-Jan-04	 	31-Dec-09	 	 	4,000	 	 	Yes	 	 	1.50	 	 	On file	 	20%	 	 
	Option Holder 10
	 	24-May-04	 	31-Dec-10	 	 	5,000	 	 	Yes	 	 	1.50	 	 	On file	 	0%	 	 
	Option Holder 11
	 	28-Jun-04	 	31-Dec-10	 	 	5,000	 	 	Yes	 	 	1.50	 	 	On file	 	0%	 	 
	Option Holder 2
	 	28-Jun-04	 	1-Jan-11	 	 	5,000	 	 	Yes	 	 	1.50	 	 	On file	 	0%	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Options Issued 2004
	 	above	 	above	 	 	240,000	 	 	above	 	above	 	 	On file	 	above	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2005 Options
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Option Holder 2
	 	1-Jan-05	 	31-Dec-11	 	 	30,000	 	 	Yes	 	$	1.50	 	 	On file	 	0%	 	 
	Option Holder 12
	 	1-Aug-05	 	31-Dec-11	 	 	5,000	 	 	No	 	$	1.50	 	 	On file	 	0%	 	 
	Option Holder 13
	 	1-Feb-05	 	31-Dec-11	 	 	5,000	 	 	Yes	 	$	1.50	 	 	On file	 	0%	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Options Issued 2005
	 	above	 	above	 	 	30,000	 	 	above	 	above	 	 	On file	 	above	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Grand Total Options Issued
	 	above	 	above	 	 	575,000	 	 	No	 	NA	 	 	On file	 	above	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

ChromaDEx option plan above for a 20% per year vesting for each employee. A full vesting after 5
years from issue date.

	 	 	 
	*	 	These options vest at a rate of 33% per year.
	 
	**	 	25,000 of year 1 vested shares transferred to Shareholder [ILLEGIBLE] settlement.
These options have been exercised and a share certificate issued.

EXHIBIT CFiled by Bowne Pure Compliance

Exhibit 4.4

Form of Warrant

THIS WARRANT AND ANY SECURITIES TO BE ISSUED UPON THE EXERCISE OF THIS WARRANT HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE
SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION AND ARE BEING OFFERED AND SOLD IN RELIANCE ON
EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE LAWS. THE
WARRANT AND SUCH SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND MAY NOT BE SOLD,
OFFERED FOR SALE, TRANSFERRED, ASSIGNED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT, AND THE LAWS OF ANY APPLICABLE STATE OR OTHER
JURISDICTION, OR AN EXEMPTION THEREFROM, THE AVAILABILITY OF WHICH MUST BE ESTABLISHED TO THE
SATISFACTION OF THE COMPANY.

			
	 	 	 
	No. W-[_____]
	 	                                        , 200_____ 

WARRANT TO PURCHASE SHARES OF COMMON STOCK

of

CHROMADEX, INC.

This certifies that, for value received, [                                        ], or its registered
assigns (“Holder”), is entitled, subject to the terms set forth below, to purchase from
ChromaDex, Inc., a California corporation (the “Company”), shares (the “Warrant
Shares”) of Common Stock, no par value per share, of the Company (“Common Stock”),
subject to adjustment as set forth herein, at an exercise price (the “Exercise Price”) of
$3.00 per Warrant Share, subject to adjustment as set forth herein. This Warrant is one of a
number of similar Warrants being issued by the Company in connection with the Company’s offering of
up to 4,411,764 shares of Common Stock and Warrants to purchase an additional 2,205,882 shares of
Common Stock pursuant to the terms of the Company’s Confidential Private Placement Memorandum dated
December 18, 2007 (the “PPM”), together with the business plan of the Company, a copy of
which is attached to the PPM as Appendix A.

1. Term of Warrant. Subject to the terms and conditions set forth herein, this
Warrant shall only be exercisable, in whole or in part, during the period (the “Exercise
Period”) beginning on the date hereof (the “Effective Date”) and ending on the fifth
anniversary of the Effective Date.

2. Exercise of Warrant.

a. Subject to the terms and conditions set forth herein, the purchase rights represented by
this Warrant are exercisable by the Holder in whole or in part, at any time, or from time to time,
during the Exercise Period, by the surrender of this Warrant and a notice of exercise in the form
attached hereto as Annex A (the “Notice of Exercise”) duly completed and executed
by or on behalf of the Holder, at the principal executive office of the Company (or such other
office or agency of the Company as it may designate by notice in writing to the Holder), and upon
payment of the Exercise Price for each of the Warrant Shares to be issued pursuant to such exercise
(i) in cash or other immediately available funds or (ii) by a cashless exercise in accordance with
Section 2(c). This Warrant may not be exercised for less than 500 Warrant Shares at a time (or
such lesser number of Warrant Shares which may then constitute the maximum number purchasable
pursuant to this Warrant); such number being subject to adjustment for stock splits, stock
dividends, mergers, reclassifications, recapitalizations and the like, occurring on or after the
date hereof.

b. This Warrant shall be deemed to have been exercised immediately prior to the close of
business on the date of its surrender for exercise as provided above, and the person entitled to
receive the Warrant Shares issuable upon such exercise shall be treated for all purposes as the
holder of record of such Warrant Shares as of the close of business on such date. As promptly as
practicable on or after such date and in any event within 20 days thereafter, the Company at its
expense shall issue and deliver to the person or persons entitled to receive the same a certificate
or certificates for the number of Warrant Shares issuable upon such exercise. In the event that
this Warrant is exercised in part, the Company at its expense will execute and deliver a new
Warrant of like tenor exercisable for the number of Warrant Shares for which this Warrant may then
be exercised.

 

 

 

c. Notwithstanding any provisions herein to the contrary, in lieu of exercising this Warrant
through the payment of the Exercise Price with cash or other immediately available funds, the
Holder may elect to receive Warrant Shares with a value equal to the value (as determined below) of
this Warrant (or the portion thereof being exercised) by surrender of this Warrant together with
the properly endorsed Notice of Exercise and notice of such election in which event the Company
shall issue to the Holder a number of Warrant Shares computed using the following formula:

	 	 	 	 	 	 	 
	 

	 	 	 	X =
	 	Y (A-B)

     A
	 
	 	 	 	 	 	 
	 

	 	Where
	 	X =
	 	the number of Warrant Shares to be issued
to the Holder

	 
	 	 	 	 	 	 
	 

	 	 	 	Y =
	 	the number of
Shares purchasable under the Warrant or, if only a
portion of the Warrant is being exercised, the portion
of the Warrant being exercised
	 
	 	 	 	 	 	 
	 

	 	 	 	A =
	 	the fair market
value of one Warrant Share (at the date of such
calculation)
	 
	 	 	 	 	 	 
	 

	 	 	 	B =
	 	Exercise Price

For purposes of the above calculation, the fair market value of one Warrant Share shall mean, if
the Common Stock is traded on a national securities exchange, the Nasdaq Market System or the
over-the-counter market, the average of the last reported sales price on the trading day
immediately preceding the date of valuation at which the Common Stock has traded on such national
securities exchange, the Nasdaq Market System or the average of the bid and asked prices on the
over-the-counter market on the date of valuation. If the Common Stock is not publicly traded, the
fair market value per Warrant Share shall be determined by the Board of Directors of the Company
based upon the fair market value of the Warrant Share if the Company were to be sold as a going
concern and without regard to any discount for the lack of liquidity or on the basis that the
relevant securities do not constitute a majority or controlling interest in the Company.

3. No Fractional Shares or Scrip. No fractional Warrant Shares or scrip representing
fractional Warrant Shares shall be issued upon the exercise of this Warrant. In lieu of any
fractional Warrant Shares to which the Holder would otherwise be entitled, the Company shall make a
cash payment equal to the fair market value (as defined above) of one Warrant Share multiplied by
such fraction.

4. Replacement of Warrant. On receipt of evidence reasonably satisfactory to the
Company of the loss, theft, destruction or mutilation of this Warrant, the Company at its expense
shall execute and deliver, in lieu of this Warrant, a new warrant of like tenor and amount.

5. Rights as Shareholders. The Holder, as a holder of this Warrant, shall not be
deemed the holder of Warrant Shares for any purpose, nor shall anything contained herein be
construed to confer upon the Holder, as such, any of the rights of a shareholder of the Company or
any right to vote for the election of directors or upon any matter submitted to shareholders at any
meeting thereof, or to give or withhold consent to any corporate action or to receive notice of
meetings, or to receive dividends or subscription rights or otherwise until this Warrant shall have
been exercised as provided herein.

6. Transfer of Warrant.

a. Warrant Register. The Company will maintain a register (the “Warrant
Register”) containing the names and addresses of the Holder or Holders. Any Holder of this
Warrant or any portion thereof may change its address as shown on the Warrant Register by written
notice to the Company requesting such change. Any notice or written communication required or
permitted to be given to the Holder may be delivered or given by mail to such Holder as shown on
the Warrant Register and at the address shown on the Warrant Register. Until this Warrant is
transferred on the Warrant Register of the Company, the Company may treat the Holder as shown on
the Warrant Register as the absolute owner of this Warrant for all purposes, notwithstanding any
notice to the contrary.

b. Transferability and Nonnegotiability of Warrant. This Warrant may not be
transferred or assigned in whole or in part without compliance with (i) Section 4 (Right of First
Refusal) of the Subscription Agreement dated                     , 200_____, by and between Holder and the
Company, and (ii) all applicable federal and state securities laws by the transferor and the
transferee (including the delivery of investment representation letters and legal opinions
reasonably satisfactory to the Company, if such are requested by the Company). Subject to such
compliance, title to this Warrant may be transferred by endorsement by the Holder executing the
assignment form attached hereto as Annex B (the “Assignment Form”) and delivery in
the same manner as a negotiable instrument transferable by endorsement and delivery.

 

 

 

c. Exchange of Warrant Upon a Transfer. Upon surrender of this Warrant for exchange,
properly endorsed on the Assignment Form and subject to compliance with the other provisions of
this Section 6, the Company at its expense shall issue to or on the order of the transferee a new
warrant or warrants of like tenor, in the name of the transferee or as the transferee may direct,
for the number of Warrant Shares then issuable upon exercise hereof.

7. Reservation of Shares. The Company covenants that, during the term this Warrant is
exercisable, the Company will reserve from its authorized and unissued shares of Common Stock a
sufficient number of shares of Common Stock to provide for the issuance of all Warrant Shares
issuable upon the exercise of this Warrant and, from time to time, will take all steps necessary to
provide sufficient reserves of shares of Common Stock issuable upon exercise of this Warrant. The
Company further covenants that all Warrant Shares that may be issued upon the exercise of rights
represented by this Warrant and payment of the Exercise Price pursuant to Section 2(a)(i) or
Section 2(a)(ii), all as set forth herein, will be fully paid, nonassessable, free of preemptive
rights (other than preemptive rights which have been waived) and free from all taxes, liens and
charges in respect of the issue thereof (other than taxes in respect of any transfer occurring
contemporaneously or otherwise specified herein). The Company agrees that its issuance of this
Warrant shall constitute full authority to its officers who are charged with the duty of executing
stock certificates to execute and issue the necessary certificates for Warrant Shares upon the
exercise of this Warrant.

8. Adjustment of Exercise Price and Number of Shares. The Exercise Price and
the number of Warrant Shares purchasable upon the exercise of this Warrant shall be subject to
adjustment from time to time upon the occurrence of certain events described in this Section 8.
Upon each adjustment to the Exercise Price, the Holder shall thereafter be entitled to purchase, at
the Exercise Price resulting from such adjustment, the number of Warrant Shares obtained by
multiplying the Exercise Price in effect immediately prior to such adjustment by the number of
Warrant Shares purchasable pursuant hereto immediately prior to such adjustment, and dividing the
product thereof by the Exercise Price resulting from such adjustment.

a. In case the Company shall at any time subdivide its outstanding shares of Common Stock into
a greater number of shares, the Exercise Price in effect immediately prior to such subdivision
shall be proportionately reduced, and conversely, in case the outstanding shares of Common Stock of
the Company shall be combined into a smaller number of shares, the Exercise Price in effect
immediately prior to such combination shall be proportionately increased.

b. If at any time or from time to time the holders of Common Stock shall have received or
become entitled to receive, without further payment therefor,

(i) shares of Common Stock or any shares of capital stock or other securities which are
at any time directly or indirectly convertible into or exchangeable for Common Stock, or any
rights or options to subscribe for, purchase or otherwise acquire any of the foregoing by
way of dividend or other distribution,

(ii) any cash paid or payable otherwise than as a cash dividend, or

(iii) shares of Common Stock or additional stock or other securities or other property
(including cash) by way of spinoff, split-up, merger, reclassification, recapitalization,
combination of shares or similar corporate rearrangement (other than shares of Common Stock
issued as a stock split or adjustments in respect of which shall be covered by the terms of
Section 8(a)),

then and in each such case, the Holder hereof shall, upon the exercise of this Warrant, be entitled
to receive, in addition to the number of shares of Common Stock receivable thereupon, and without
payment of any additional consideration therefor, the amount of shares, capital stock, securities
and other property (including cash in the cases referred to in clauses (ii) and (iii) above) which
such Holder would hold on the date of such exercise had Holder been the holder of record of such
Common Stock as of the date on which holders of Common Stock received or became entitled to receive
such shares, capital stock, securities and other property.

c. If any change in the outstanding Common Stock of the Company or any other event occurs as
to which the other provisions of this Section 8 are not strictly applicable or if strictly
applicable would not fairly protect the purchase rights of the Holder in accordance with such
provisions, then the Board of Directors of the Company shall make an adjustment in the number and
class of shares issuable under the Warrant, the Exercise Price or the application of such
provisions, so as to protect such purchase rights as aforesaid. The adjustment shall be such as
will give the Holder upon exercise for the same aggregate Exercise Price the total number, class
and kind of shares, capital stock, securities and other property as he would have owned had the
Warrant been exercised for Warrant Shares prior to the event and had he continued to hold such
Warrant Shares until after the event requiring adjustment.

 

 

 

9. The Company’s Repurchase/Cancellation Rights.

a. Repurchase of Warrant Shares. At any time during the period commencing on the date
of Holder’s exercise, whether in whole or in part, of its purchase rights under this Warrant and
ending on the fifth anniversary of the Effective Date (the “Repurchase Period”), the
Company shall have the right, but not the obligation, to purchase and acquire from Holder any or
all of the Warrant Shares so purchased by Holder (the “Outstanding Warrant Shares”) at a
price per Outstanding Warrant Share equal to $4.50 per share (the “Repurchase Price”). The Company may exercise the right granted to it under this Section 9(a) by delivering a written
notice to Holder at any time during the Repurchase Period stating that the Company is exercising
the repurchase right granted to it under this Section 9(a), the number of Outstanding Warrant
Shares to be so repurchased by the Company (the “Repurchased Warrant Shares”), and the
total repurchase price for the Repurchased Warrant Shares. The delivery of such notice by the
Company to Holder shall constitute a binding commitment of the Company to purchase and acquire all
of the Repurchased Warrant Shares for such total repurchase price. The total repurchase price for
the Repurchased Warrant Shares shall be delivered to Holder against delivery by Holder of
certificate(s) evidencing the Repurchased Warrant Shares no later than 30 days after the Company’s
delivery to Holder of the repurchase notice. If the Company does not repurchase all of the
Outstanding Warrant Shares subject to the stock certificate delivered by Holder, then, concurrently
with its delivery of the total repurchase price to Holder, the Company shall also execute and
deliver to Holder a new certificate for the balance of such Outstanding Warrant Shares.

b. Cancellation of Warrant Rights. At any time during the period commencing on the
six-month anniversary of the Effective Date and ending on the fifth anniversary of the Effective
Date (the “Cancellation Period”), the Company shall have the right, but not the obligation,
to terminate and cancel Holder’s purchase rights under this Warrant, whether in whole or in part
(in each case, a “Cancellation”), in consideration of the Company’s payment and delivery to
Holder of cash in the amount of $1.50 (i.e., $4.50 less $3.00) multiplied by the number of Warrant
Shares subject to such Cancellation. The Company may exercise the Cancellation right granted to it
under this Section 9(b) by delivering a written notice to Holder during the Cancellation Period
stating that the Company is exercising its right to Cancellation granted to it under this Section
9(b), and the stating the number of Warrant Shares to be subject to such Cancellation. The
delivery of such notice by the Company to Holder shall constitute a binding commitment of the
Company to terminate and cancel such purchase rights of Holder under this Warrant for the total
cancellation price. The total cancellation price for the Cancellation shall be delivered to Holder
against delivery by Holder of this Warrant no later than 30 days after the Company’s delivery to
Holder of the cancellation notice. If the Cancellation does not terminate and cancel all of
Holder’s purchase rights under this Warrant, then, concurrently with its delivery of the total
cancellation price to Holder, the Company shall also execute and deliver a new warrant of the same
terms and conditions of this Warrant for the remaining Warrant Shares then subject to exercise
under this Warrant.

10. Notices. In case:

a. the Company shall take a record of the holders of its shares of Common Stock for the
purpose of entitling them to receive any dividend or other distribution, or any right to subscribe
for or purchase any shares of any class or any other securities, or to receive any other right, or

b. of any capital reorganization of the Company, any reclassification of the capital stock of
the Company, any consolidation or merger of the Company with or into another entity, or any
conveyance of all or substantially all of the assets of the Company to another corporation, or

c. of any actual or “deemed” liquidation, dissolution or winding up of the Company, including,
without limitation, any of the following transactions: (A) the acquisition of the Company by
another entity by means of any transaction or series of related transactions (including, without
limitation, any reorganization, merger or consolidation) that results in the transfer of 50% or
more of the outstanding voting power of the Company; or (B) a sale of all or substantially all of
the assets of the Company (each, a “Liquidation Event”), or

d. of any sale of the Common Stock in an underwritten public offering pursuant to a
registration statement on Form
S-1 or Form SB 2 or any comparable successor form then in effect
under the Securities Act of 1933, as amended (a “Initial Public Offering”),

then, and in each such case, the Company will mail or cause to be mailed to the Holder or Holders a
notice specifying, as the case may be, (A) the date on which a record is to be taken for the
purpose of such dividend, distribution or right, and stating the amount and character of such
dividend, distribution or right, or (B) the date on which such reorganization, reclassification,
consolidation, merger, conveyance, Liquidation Event or the Initial Public Offering is to take
place, and the time, if any is to be fixed, as of which the holders of record of shares of Common
Stock shall be entitled to exchange their Warrant Shares for securities or other property
deliverable upon such reorganization, reclassification, consolidation, merger, conveyance,
dissolution, Liquidation Event or the Initial Public Offering. Such notice shall be mailed at
least 30 days prior to the date therein specified.

 

 

 

11. Amendments. This Warrant and any term hereof, may be changed, waived, discharged
or terminated only by an instrument signed by the Company and the Holder. No waivers of, or
exceptions to, any term, condition or provisions of this Warrant, in any one or more instances,
shall be deemed to be, or construed as, a further or continuing waiver of any such term, condition
or provision.

12. Miscellaneous.

a. This Warrant shall be governed by and construed in accordance with the laws of the State of
California, without reference to the conflict of law principles thereof.

b. This Warrant shall bind the Company, its successors and assigns, and shall benefit and bind
the Holder, the Holder’s successors and permitted assigns.

c. The Section headings in this Warrant have been included solely for ease of reference and
shall not be considered in the interpretation or construction of this Warrant. All references in
this Warrant to “Sections” shall be construed as references to numbered Sections of this Warrant.

IN WITNESS WHEREOF, the Company has caused this Warrant to be executed and issued by its duly
authorized representative on the date first above written.

	 	 	 	 	 	 	 
	 	 	THE “COMPANY”:
	 
	 	 	 	 	 	 
	 	 	CHROMADEX, INC.,

a California corporation
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 	 	 	 	 
	 

	 	 	 	Its:	 	 
	 

	 	 	 	 	 	 

[Remainder of Page Intentionally Left Blank – Holder’s Signature Page Follows]

 

 

 

HOLDER’S COUNTERPART SIGNATURE PAGE

TO

WARRANT

The undersigned Holder agrees to be bound by the terms of the Warrant of ChromaDex, Inc., a
California corporation, executed by the Company in favor of the undersigned Holder, and agrees to
all of the terms thereof.

FOR HOLDERS THAT ARE INDIVIDUALS:

	 	 	 	 	 	 	 	 	 
	Date:

	 	 	 	 	 	Signature:
	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name (please print):	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 

FOR HOLDERS THAT ARE TRUSTS:

	 	 	 	 	 	 	 	 	 	 	 
	Date:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name of Trust:
	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Signature of Trustee
	 	 
 

	 	 
	 
	 	 
	 

	 	 	 	 	 	If applicable:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Signature of Co-Trustee
	 	 
 

	 	 

FOR HOLDERS THAT ARE CORPORATIONS, LIMITED LIABILITY COMPANIES OR PARTNERSHIPS:

	 	 	 	 	 	 	 	 	 	 	 
	Date:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name of Entity:
	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Signature:
	 	 
 

	 	 

	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Title of Signatory:
	 	 
 

	 	 

 

 

 

Annex A

NOTICE OF EXERCISE

To:       ChromaDex, Inc.

(1) The undersigned hereby (A) elects to purchase
 _____ 
shares of Common Stock of ChromaDex,
Inc. pursuant to the provisions of Section 2(a) of the attached Warrant, and tenders herewith
payment of the purchase price for such shares in full, or (B) elects to exercise this Warrant for
the purchase of
 _____ 
shares of Common Stock, pursuant to the provisions of Section 2(c) of the
attached Warrant.

(2) In exercising this Warrant, the undersigned hereby confirms and acknowledges that the
Warrant Shares to be issued upon exercise hereof are being acquired solely for the account of the
undersigned and not as a nominee for any other party, and for investment, and that the undersigned
will not offer, sell or otherwise dispose of any such Warrant Shares except under circumstances
that will not result in a violation of applicable federal and state securities laws.

(3) Please issue a certificate or certificates representing said Warrant Shares in the name of
the undersigned or in such other name as is specified below:

	 	 	 	 	 	 	 
	 

	 	 	 	 

(Name)
	 	 

(4) Please issue a new Warrant for the unexercised portion of the attached Warrant in the name
of the undersigned or in such other name as is specified below:

	 	 	 	 	 	 	 
	 

	 	 	 	 

(Name)
	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	(Date)

	 	 	 	(Signature)	 	 

 

 

 

Annex B

ASSIGNMENT FORM

FOR VALUE RECEIVED, the undersigned registered owner of this Warrant hereby sells, assigns and
transfers unto the Assignee named below all of the rights of the undersigned under the within
Warrant, with respect to the number of Warrant Shares set forth below:

	 	 	 	 	 
	Name of Assignee	 	Address	 	No. of Warrant Shares
	 
	 	 	 	 

The Assignee acknowledges that this Warrant and the Warrant Shares to be issued upon exercise
hereof are being acquired for investment and that the Assignee will not offer, sell or otherwise
dispose of this Warrant or any Warrant Shares to be issued upon exercise hereof except under
circumstances which will not result in a violation of applicable federal and state securities laws.

	 	 	 	 	 
	Date:

	 	 
 

	 	 

	 	 	 	 	 	 	 
	 

	 	 	 	 

Signature of Holder
	 	 

	 	 	 	 	 	 	 
	 

	 	 	 	 

Signature of Assignee

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