Exhibit 10.14
ANNEX A
FORM OF PROMISSORY NOTE
Promissory Note
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
premium or penalty. All payments received on account of this Note shall be first applied to
accrued and unpaid interest, if any, and the remainder shall be applied to the reduction of
principal.
If any amount due under this Note is not timely paid in accordance with this Note, Lender may
in its discretion exercise any and all rights and remedies, now or in the future available to it,
whether under this Note, at law or in equity.
All payments of principal and interest hereunder shall be made to Bayer Innovation GmbH,
Deutsche Bank Leverkusen for credit to Lender’s
account or such other account as directed by Lender, in lawful money of the
United States of America and in immediately available funds, without setoff, counterclaim,
withholding or deduction of any kind whatsoever. Any payment due hereunder on a day which is not a
business day shall be made on the next succeeding business day.
Exhibit A
Borrower hereby waives presentment, demand, notice, protest and all other demands or notices
in connection with the delivery, acceptance, performance, default or enforcement of the Note. No
course of action or delay or omission of the holder in exercising any right or remedy shall
constitute or be deemed to be a waiver of any right or remedy hereunder, and a waiver on one
occasion shall not operate as a bar to or waiver of any such right or remedy on any future
occasion. The Borrower agrees to pay on demand all reasonable costs and expenses, including
attorneys’ costs and fees, incurred or paid by the holder in connection with the enforcement of
this Note. This Note shall be binding upon the successor to Borrower as a result of any merger or
consolidation to which Borrower may be a party. This Note shall be governed by the laws of the
Commonwealth of Pennsylvania, without regard to its conflict of laws principles. Borrower submits
to the exclusive jurisdiction of the state and federal courts located in Pittsburgh, Pennsylvania
in respect of any enforcement action or other dispute arising in respect of this Note.
Exhibit A
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