Exhibit 10.14
ANNEX A
FORM OF PROMISSORY NOTE
Promissory Note
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| US$1,002,691.90 |
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Irvine, California |
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June 18, 2008 |
FOR VALUE
RECEIVED, ChromaDex, Inc., a California corporation having its
principal place of business at 10005 Muirlands Blvd., Suite G,
First Floor, Irvine, CA 92618 USA (“Borrower”),
promises to pay to the order of Bayer Innovation GmbH
(“Lender”), on or before December 20, 2008 (the
“Maturity Date”), the principal sum of US$1,002,691.90,
such amount evidencing the purchase price payable by Borrower to
Lender pursuant to that certain Stock Redemption Agreement dated as
of June 18, 2008 between Borrower and Lender.
This Note
shall be due and payable in full, and shall be non-interest bearing
provided that Borrower timely repays the entire principal sum
owing, on or before the Maturity Date. If this Note is not paid in
full when due, Borrower shall pay interest on the overdue principal
at the rate of one and one half percent (1 1/2%) per month
beginning January 1, 2009 until all amounts outstanding under
this Note have been paid in full, or at the maximum rate permitted
by applicable law, whichever is less. Interest shall be computed on
the basis of the actual number of days outstanding on the basis of
a year consisting of 360 days. Borrower may prepay this Note
without
