Document:

Exhibit
      4.6

     

    NEITHER
      THIS SECURITY NOR THE SECURITIES FOR WHICH THIS SECURITY IS EXERCISABLE HAVE
      BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES
      COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER
      THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY,
      MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION
      STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM,
      OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
      SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS
      EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE
      SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY. 

    

    COMMON
      STOCK PURCHASE WARRANT

    

    NUTRITION
      21, INC.

     

     

    
      	
              Warrant
                Shares: _______ 

            	
              Initial
                Exercise Date: March 11, 2008

            

    

     

    THIS
      COMMON STOCK PURCHASE WARRANT (the “Warrant”)
      certifies that, for value received, _____________ (the “Holder”)
      is
      entitled, upon the terms and subject to the limitations on exercise and the
      conditions hereinafter set forth, at any time on or after the Initial
      Exercise Date
      and on
      or prior to the close of business on the year fifth anniversary of the date
      of
      this Warrant (the “Termination
      Date”)
      but
      not thereafter, to subscribe for and purchase from Nutrition 21, Inc., a New
      York corporation (the “Company”),
      up to
      ______ shares (the “Warrant
      Shares”)
      of
      Common Stock. The purchase price of one share of Common Stock under this Warrant
      shall be equal to the Exercise Price, as defined in Section 2(b). 

     

    Section
      1. Definitions.
      Capitalized terms used and not otherwise defined herein shall have the meanings
      set forth in that certain Securities Purchase Agreement (the “Purchase
      Agreement”),
      dated
      as of September 10, 2007, among the Company and the purchasers signatory
      thereto.

     

    Section
      2. Exercise.

     

    a) Exercise
      of Warrant.
      Exercise of the purchase rights represented by this Warrant may be made, in
      whole or in part, at any time or times on or after the Initial Exercise Date
      and
      on or before the Termination Date by delivery to the Company of a duly executed
      facsimile copy of the Notice of Exercise Form annexed hereto (or such other
      office or agency of the Company as it may designate by notice in writing to
      the
      registered Holder at the address of the Holder appearing on the books of the
      Company); and the Company shall have received payment of the aggregate Exercise
      Price of the shares thereby purchased by wire transfer or cashier’s check drawn
      on a United States bank. 

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    b) Exercise
      Price.
      The
      exercise price per share of the Common Stock under this Warrant shall be
      $1.2158, subject to adjustment hereunder (the “Exercise
      Price”).

     

    c) Cashless
      Exercise.
      If at
      any time after the completion of the then-applicable holding period required
      by
      Rule 144, or any successor provision then in effect, which would allow “tacking”
of the holding period of this Warrant and the Warrant Shares pursuant to the
      SEC
      Manual of Publicly Available
      Telephone Interpretations or other Commission rule or guidance, there is no
      effective Registration Statement registering, or no current prospectus available
      for, the resale of the Warrant Shares by the Holder at a time when such
      Registration Statement is required to be effective pursuant to the Registration
      Rights Agreement, then this Warrant may also be exercised at such time by means
      of a “cashless exercise” in which the Holder shall be entitled to receive a
      certificate for the number of Warrant Shares equal to the quotient obtained
      by
      dividing [(A-B) (X)] by (A), where:

     

    
      	
              (A)

            	
              =

            	
              the
                VWAP on the Trading Day immediately preceding the date of such
                election;

            

    

    

    
      	
              (B)

            	
              =

            	
              the
                Exercise Price of this Warrant, as adjusted; and
                

            

    

    

    
      	
              (X)

            	
              =

            	
              the
                number of Warrant Shares issuable upon exercise of this Warrant in
                accordance with the terms of this Warrant by means of a cash exercise
                rather than a cashless exercise.

            

    

    

    d) Mechanics
      of Exercise.
      

     

    i. Delivery
      of Certificates Upon Exercise.
      Certificates for shares purchased hereunder shall be transmitted by the transfer
      agent of the Company to the Holder by crediting the account of the Holder’s
      prime broker with the Depository Trust Company through its Deposit Withdrawal
      Agent Commission (“DWAC”)
      system
      if the Company is a participant in such system and there is an effective
      Registration Statement permitting the resale of the Warrant Shares by the
      Holder, and otherwise by physical delivery to the address specified by the
      Holder in the Notice of Exercise after delivery to the Company of the Notice
      of
      Exercise Form, surrender of this Warrant (if required) and payment of the
      aggregate Exercise Price as set forth above (“Warrant
      Share Delivery Date”).
      This
      Warrant shall be deemed to have been exercised on the date the Exercise Price
      is
      received by the Company. The Warrant Shares shall be deemed to have been issued,
      and Holder or any other person so designated to be named therein shall be deemed
      to have become a holder of record of such shares for all purposes, as of the
      date the Warrant has been exercised by payment to the Company of the Exercise
      Price (or by cashless exercise, if permitted) and all taxes required to be
      paid
      by the Holder, if any, pursuant to Section 2(e)(vi) prior to the issuance of
      such shares, have been paid. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    ii. Delivery
      of New Warrants Upon Exercise.
      If this
      Warrant shall have been exercised in part, the Company shall, at the request
      of
      a Holder and upon surrender of this Warrant certificate, at the time of delivery
      of the certificate or certificates representing Warrant Shares, deliver to
      Holder a new Warrant evidencing the rights of Holder to purchase the unpurchased
      Warrant Shares called for by this Warrant, which new Warrant shall in all other
      respects be identical with this Warrant.

     

    iii. Charges,
      Taxes and Expenses.
      Issuance of certificates for Warrant Shares shall be made without charge to
      the
      Holder for any issue or transfer tax or other incidental expense in respect
      of
      the issuance of such certificate, all of which taxes and expenses shall be
      paid
      by the Company, and such certificates shall be issued in the name of the Holder
      or in such name or names as may be directed by the Holder; provided,
      however,
      that in
      the event certificates for Warrant Shares are to be issued in a name other
      than
      the name of the Holder, this Warrant when surrendered for exercise shall be
      accompanied by the Assignment Form attached hereto duly executed by the
Holder;
      and the Company may require, as a condition thereto, the payment of a sum
      sufficient to reimburse it for any transfer tax incidental thereto.

     

    Section
      3. Certain
      Adjustments.

     

    If
      the
      Company, at any time while this Warrant is outstanding: (A) pays a stock
      dividend or otherwise make a distribution or distributions on shares of its
      Common Stock or any other equity or equity equivalent securities payable in
      shares of Common Stock (which, for avoidance of doubt, shall not include any
      shares of Common Stock issued by the Company upon exercise of this Warrant),
      (B)
      subdivides outstanding shares of Common Stock into a larger number of shares,
      (C) combines (including by way of reverse stock split) outstanding shares of
      Common Stock into a smaller number of shares, or (D) issues by reclassification
      of shares of the Common Stock any shares of capital stock of the Company, then
      in each case the Exercise Price shall be multiplied by a fraction of which
      the
      numerator shall be the number of shares of Common Stock (excluding treasury
      shares, if any) outstanding immediately before such event and of which the
      denominator shall be the number of shares of Common Stock outstanding
      immediately after such event and the number of shares issuable upon exercise
      of
      this Warrant shall be proportionately adjusted such that the aggregate Exercise
      Price of this Warrant shall remain unchanged. Any adjustment made pursuant
      to
      this Section 3(a) shall become effective immediately after the record date
      for
      the determination of stockholders entitled to receive such dividend or
      distribution and shall become effective immediately after the effective date
      in
      the case of a subdivision, combination or re-classification.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    Section
      4. Transfer
      of Warrant.

     

    a) Transferability.
      Subject
      to compliance with any applicable securities laws and the conditions set forth
      in Section 4(d) hereof and to the provisions of Section 4.1 of the Purchase
      Agreement, this Warrant and all rights hereunder (including, without limitation,
      any registration rights) are transferable, in whole or in part, upon surrender
      of this Warrant at the principal office of the Company or its designated agent,
      together with a written assignment of this Warrant substantially in the form
      attached hereto duly executed by the Holder or its agent or attorney and funds
      sufficient to pay any transfer taxes payable upon the making of such transfer.
      Upon such surrender and, if required, such payment, the Company shall execute
      and deliver a new Warrant or Warrants in the name of the assignee or assignees
      and in the denomination or denominations specified in such instrument of
      assignment, and shall issue to the assignor a new Warrant evidencing the portion
      of this Warrant not so assigned, and this Warrant shall promptly be cancelled.
      A
      Warrant, if properly assigned, may be exercised by a new holder for the purchase
      of Warrant Shares without having a new Warrant issued. 

     

    b) New
      Warrants.
      This
      Warrant may be divided or combined with other Warrants upon presentation hereof
      at the aforesaid office of the Company, together with a written notice
      specifying the names and denominations in which new Warrants are to be issued,
      signed by the Holder or its agent or attorney. Subject to compliance with
      Section 4(a), as to any transfer which may be involved in such division or
      combination, the Company shall execute and deliver a new Warrant or Warrants
      in
      exchange for the Warrant or Warrants to be divided or combined in accordance
      with such notice. All Warrants issued on transfers or exchanges shall be dated
      the original Issue Date and shall be identical with this Warrant except as
      to
      the number of Warrant Shares issuable pursuant thereto. 

     

    c) Warrant
      Register.
      The
      Company shall register this Warrant, upon records to be maintained by the
      Company for that purpose (the “Warrant
      Register”),
      in
      the name of the record Holder hereof from time to time. The Company may deem
      and
      treat the registered Holder of this Warrant
      as the absolute owner hereof for the purpose of any exercise hereof or any
      distribution to the Holder, and for all other purposes, absent actual notice
      to
      the contrary.

     

    d) Transfer
      Restrictions.
      If,
      at the
time
      of
      the surrender of this Warrant in connection with any transfer of this Warrant,
      the transfer of this Warrant shall not be registered pursuant to an effective
      registration
      statement under the Securities Act
      and
under
      applicable state securities or blue sky laws, the Company may require, as a
      condition of allowing such transfer, that the Holder or transferee of this
      Warrant, as the case may be, comply
      with the provisions of Section 5.7 of the Purchase Agreement.

     

    Section
      5. Miscellaneous.

     

    a) No
      Rights as Shareholder Until Exercise.
      This
      Warrant does not entitle the Holder to any voting rights or other rights as
      a
      shareholder of the Company prior to the exercise hereof as set forth in Section
      2(e)(i). 

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    b) Loss,
      Theft, Destruction or Mutilation of Warrant.
      The
      Company covenants that upon receipt by the Company of evidence reasonably
      satisfactory to it of the loss, theft, destruction or mutilation of this Warrant
      or any stock certificate relating to the Warrant Shares, and in case of loss,
      theft or destruction, of indemnity or security reasonably satisfactory to it
      (which, in the case of the Warrant, shall not include the posting of any bond),
      and upon surrender and cancellation of such Warrant or stock certificate, if
      mutilated, the Company will make and deliver a new Warrant or stock certificate
      of like tenor and dated as of such cancellation, in lieu of such Warrant or
      stock certificate.

     

    c) Saturdays,
      Sundays, Holidays, etc.
      If the
      last or appointed day for the taking of any action or the expiration of any
      right required or granted herein shall not be a Business Day, then such action
      may be taken or such right may be exercised on the next succeeding Business
      Day.

     

    d) Authorized
      Shares.
      The
      Company covenants that during the period the Warrant is outstanding, it will
      reserve from its authorized and unissued Common Stock a sufficient number of
      shares to provide for the issuance of the Warrant Shares upon the exercise
      of
      any purchase rights under this Warrant. 

     

    e) Jurisdiction.
      All
      questions concerning the construction, validity, enforcement and interpretation
      of this Warrant shall be determined in accordance with the provisions of the
      Purchase Agreement.

     

    f) Restrictions.
      The
      Holder acknowledges that the Warrant Shares acquired upon the exercise of this
      Warrant, if not registered, will have restrictions upon resale imposed by state
      and federal securities laws.

     

    g) Nonwaiver
      and Expenses.
      No
      course of dealing or any delay or failure to exercise any right hereunder on
      the
      part of Holder shall operate as a waiver of such right or otherwise prejudice
      Holder’s rights, powers or remedies, notwithstanding the fact that all rights
      hereunder terminate on the Termination Date. 

     

    h) Notices.
      Any
      notice, request or other document required or permitted to be given or delivered
      to the Holder by the Company shall be delivered in accordance with the notice
      provisions of the Purchase Agreement.

    i) Remedies.
      Holder,
      in addition to being entitled to exercise all rights granted by law, including
      recovery of damages, will be entitled to specific performance of its rights
      under this Warrant. The Company agrees that monetary damages would not be
      adequate compensation for any loss incurred by reason of a breach by it of
      the
      provisions of this Warrant and hereby agrees to waive and not to assert the
      defense in any action for specific performance that a remedy at law would be
      adequate.

     

    j) Successors
      and Assigns.
      Subject
      to applicable securities laws, this Warrant and the rights and obligations
      evidenced hereby shall inure to the benefit of and be binding upon the
      successors of the Company and the successors and permitted assigns of Holder.
      The provisions of this Warrant are intended to be for the benefit of all Holders
      from time to time of this Warrant and shall be enforceable by any the Holder
      or
      holder of Warrant Shares.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    k) Amendment.
      This
      Warrant may be modified or amended or the provisions hereof waived with the
      written consent of the Company and the Holder.

     

    l) Severability.
      Wherever possible, each provision of this Warrant shall be interpreted in such
      manner as to be effective and valid under applicable law, but if any provision
      of this Warrant shall be prohibited by or invalid under applicable law, such
      provision shall be ineffective to the extent of such prohibition or invalidity,
      without invalidating the remainder of such provisions or the remaining
      provisions of this Warrant.

     

    m) Headings.
      The
      headings used in this Warrant are for the convenience of reference only and
      shall not, for any purpose, be deemed a part of this Warrant.

    

    ********************

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the Company has caused this Warrant to be executed by its
      officer thereunto duly authorized as of the date first above
      indicated.

    

      
        	
                NUTRITION
                  21, INC.  

              
	 
	
                By:

              	 
	
                 

              	
                Name: 

              
	
                 

              	
                Title: 

              

      

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    NOTICE
      OF EXERCISE

    

    TO: NUTRITION
      21, INC.

    

    (1) The
      undersigned hereby elects to purchase ________ Warrant Shares of the Company
      pursuant to the terms of the attached Warrant (only if exercised in full),
      and
      tenders herewith payment of the exercise price in full, together with all
      applicable transfer taxes, if any.

     

    (2) Payment
      shall take the form of (check applicable box):

     

    o
      in lawful money of the
      United States; or

     

    o
      [if permitted] the cancellation of such number of
      Warrant Shares as is necessary, in accordance with the formula set forth in
      subsection 2(c), to exercise this Warrant with respect to the maximum number
      of
      Warrant Shares purchasable pursuant to the cashless exercise procedure set
      forth
      in subsection 2(c).

     

    (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:

     

    _______________________________

     

    

    The
      Warrant Shares shall be delivered to the following DWAC Account Number or by
      physical delivery of a certificate to:

    

    _______________________________

     

    _______________________________

     

    _______________________________

    

    (4)
      Accredited
      Investor.
      The
      undersigned is an “accredited investor” as defined in Regulation D promulgated
      under the Securities Act of 1933, as amended.

    

    [SIGNATURE
      OF HOLDER]

     

    Name
      of
      Investing Entity:
      ________________________________________________________________________

    Signature
      of Authorized Signatory of Investing Entity:
      _________________________________________________

    Name
      of
      Authorized Signatory:
      ___________________________________________________________________

    Title
      of
      Authorized Signatory:
      ____________________________________________________________________

    Date:
      ________________________________________________________________________________________

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ASSIGNMENT
      FORM

    

    (To
      assign the foregoing warrant, execute

    this
      form
      and supply required information. 

    Do
      not
      use this form to exercise the warrant.)

    

    

    

    FOR
      VALUE
      RECEIVED, [____] all of or [_______] shares of the foregoing Warrant and all
      rights evidenced thereby are hereby assigned to

     

    

    _______________________________________________
      whose address is

    

    _______________________________________________________________.

    

    _______________________________________________________________

    

    Dated:
      ______________, _______

    

    Holder’s
      Signature:    _____________________________

    

    Holder’s
      Address:    _____________________________

     

                                   
      _____________________________

     

    Signature
      Guaranteed: ___________________________________________

    

    NOTE:
      The
      signature to this Assignment Form must correspond with the name as it appears
      on
      the face of the Warrant, without alteration or enlargement or any change
      whatsoever, and must be guaranteed by a bank or trust company. Officers of
      corporations and those acting in a fiduciary or other representative capacity
      should file proper evidence of authority to assign the foregoing
      Warrant.Unassociated Document

    

      Exhibit
        10.1

    

     

    Memorandum

     

    
      
        
          	 	
                  To:

                	
                  Scott
                    T. Mereness

                

        

      

       

      
        	 	
                From:

              	
                Jason
                  D. Lippert

              

      

    

    
      
        	 	
                Date:

              	
                September
                  7, 2007

              

      

    

    
      
        	 	
                Re:

              	
                Compensation
                  for 2007 

              

      

      
        

      

    

    This
      memorandum is to confirm our existing compensation arrangement for August 1
      through December 31, 2007, in your capacity as Executive Vice President and
      Chief Operating Officer of Lippert Components Manufacturing, Inc. (the
“Corporation”) and all other entities of which Lippert Components, Inc. is a
      direct or indirect parent or partner, excluding Lippert Components Holding,
      Inc.
      (collectively, the “LCI Entities”):

     

    
      1. Base
        Salary - $249,600 per annum, payable at the rate of $9,600 per biweekly
        period.

       

      2. In
        addition to the Base Salary, you will be entitled to receive performance-based
        incentive compensation (the “Bonus”), equal to 3.0% of (i) the excess of
        Operating Profits of the LCI Entities for the period August 1, 2007 through
        December 31, 2007 over (ii) $8,155,000 (the “Base”); provided, however, that if
        any of the LCI Entities acquire additional business operations, the Base
        will be
        increased by the profits of the acquired business(es). The
        Bonus
        will be paid from, and will be applied against, the LCI Entities bonus
        accrual.

       

      3. In
        addition to the Base Salary and Bonus, you will be entitled to receive
        additional incentive compensation in the amount of Thirty Seven Thousand
        Five
        Hundred ($37,500) Dollars if the LCI Entities achieve an annualized return
        on
        assets (“ROA”) for the period from August 1, 2007 through December 31, 2007 of
        twenty and seven tenths (20.7%) percent, which additional incentive compensation
        will increase at the pro-rata rate of Seven Thousand Five Hundred ($7,500)
        Dollars per one (1%) percent increase in ROA in excess of 20.7% (the “ROA
        Bonus”); provided, however, that the aggregate Bonus and ROA Bonus shall not
        exceed six (6%) percent of the “Operating Profits of the LCI Entities” for the
        same period.

       

      4. The
        term
“Operating Profits of the LCI Entities” means the consolidated income of the LCI
        Entities (A) before (i) interest expense, (ii) interest or dividend income,
        (iii) impairment of goodwill, (iv) intercompany administrative fees charged
        to
        any of the LCI Entities by Drew Industries Incorporated (“Drew”), (v) taxes
        based upon income, (vi) extraordinary items determined in accordance with
        generally accepted accounting principles, and (vii) the cumulative effect
        of a
        change in accounting principles, and (B) after giving effect (positive or
        negative) to a capital charge equal to 6% of the increase or decrease in
        (i) the
        average net assets employed by the LCI Entities (the “Net Asset Base”) during
        the period for which the Bonus is being determined over (ii) $ 167,400,000.
        The
        term “net assets” means: (a) total assets, excluding cash and investment in
        wholly-owned subsidiaries, minus (b) total liabilities, excluding (i) current
        and long-term debt, (ii) intercompany balances, and (iii) income taxes payable
        or deferred, all as reflected on the monthly Balance Sheet of the LCI Entities
        as in the included Consolidating Balance Sheet of Drew and its subsidiaries.
        If
        any of the LCI Entities acquire additional business operations, the Net Asset
        Base will
        be
        increased by the assets acquired. The term “return on assets” means the
        Operating Profit of the LCI Entities for the subject period divided by the
        average “net assets” employed by the LCI Entities during such
        period.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      5. The
        amount of Bonus in excess of five times the Base Salary for the subject period
        will be paid in shares of Drew Deferred Stock. The number of shares of Deferred
        Stock will be determined based on the closing market price of Drew common
        stock
        on the day preceding the date on which Drew releases its year-end results
        of
        operations, and issuance of Deferred Stock will be made as soon as practicable
        thereafter.

       

      6. All
        compensation, in whatever form, payable in accordance with this arrangement
        is
        subject in all respects to the terms, provisions and conditions of the Drew
        Industries Incorporated 2002 Equity Award and Incentive Plan, as amended
        from
        time to time, and any Bonus, payable in cash or stock, will be paid on or
        between February 15, 2008 and March 15, 2008.

       

      7. It
        is
        intended that the compensation arrangement described above will comply in
        all
        respects with the requirements of section 409A of the Internal Revenue Code
        of
        1986, as amended (the “Code). Accordingly, all elections to defer, all
        distributions, and all other aspects of such compensation will be made in
        compliance with Section 409A of the Code and any regulations or other guidance
        thereunder. To the extent required, this arrangement will be modified in
        order
        to comply with the provisions of Section 409A of the Code and any regulations
        or
        guidance thereunder.

       

      8. This
        memorandum is solely for the purpose of confirming our compensation arrangement
        and does not constitute an obligation of you or the LCI Entities to continue
        your employment for any period, and you remain an
        employee-at-will.

    

     

    ACKNOWLEDGED:

    

    ___________________________

    Scott
      T.
      Mereness

     

    
      
         

      

      
        .
          Page 2

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