SEC Contract Filing

Filing Date: 2017-03-16

Document Content:
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<TYPE>EX-10.61
<SEQUENCE>4
<FILENAME>ex10-61.htm
<DESCRIPTION>MATERIAL CONTRACTS
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<title>SEC Connect</title>
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Exhibit 10.61</font></div>
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FIRST BUSINESS FINANCING MODIFICATION AGREEMENT</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">This
First Business Financing Modification Agreement (this
&#x201C;Agreement&#x201D;) is entered into as of February 16, 2017,
by and among CHROMADEX CORPORATION, a Delaware corporation,
CHROMADEX, INC., a California corporation, CHROMADEX ANALYTICS,
INC., a Nevada corporation, (each, a &#x201C;Borrower&#x201D; and
collectively, &#x201C;Borrowers&#x201D;) and WESTERN ALLIANCE BANK,
an Arizona corporation (&#x201C;Lender&#x201D;).</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">1.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">DESCRIPTION OF EXISTING
INDEBTEDNESS</font>: Among other indebtedness which may be owing by
Borrowers to Lender, Borrowers are indebted to Lender pursuant to,
among other documents, a Business Financing Agreement, dated
November 4, 2016, by and among Borrowers and Lender, as may be
amended from time to time (the &#x201C;Business Financing
Agreement&#x201D;). Capitalized terms used without definition herein
shall have the meanings assigned to them in the Business Financing
Agreement.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Hereinafter, all
indebtedness owing by Borrowers to Lender under the Existing
Documents (defined herein) shall be referred to as the
&#x201C;Indebtedness&#x201D; and the Business Financing Agreement and
any and all other documents executed by Borrowers in favor of
Lender in connection therewith shall be referred to as the
&#x201C;Existing Documents.&#x201D;</font></div>
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<div style="margin-left: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px">2.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">DESCRIPTION OF CHANGE IN
TERMS</font>.</font></div>
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<div style="margin-left: 0px; text-indent: 48px"><font style="font-family: Times New Roman; font-size: 13px">A.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">Modification to Business Financing
Agreement and all Existing Documents</font>:</font></div>
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<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px">(i)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">The following
defined term and its respective definition set forth in Section
12.1 of the Business Financing Agreement hereby is amended and
restated in its entirety and replaced with the
following:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#x201C;<font style="font-weight: bold; text-decoration: underline">Cash Management
Sublimit</font>&#x201D; means $250,000.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">3.</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">MERGER OF SPHERIX CONSULTING</font>.
Bank hereby acknowledges that as of December 31, 2016, SPHERIX
CONSULTING, INC., a Delaware corporation merged into CHROMADEX,
INC. with CHROMADEX, INC. as the surviving corporation.
Accordingly, Spherix Consulting, Inc. hereby is removed as a
&#x201C;Borrower&#