AMENDMENT TO ASSET PURCHASE AGREEMENT
Exhibit 2.3
AMENDMENT
THIS AMENDMENT TO ASSET PURCHASE
AGREEMENT (this “Amendment”) is
made and entered into as of September 5, 2017, by and among (i)
COVANCE LABORATORIES INC., a
Delaware corporation (“Purchaser”);
(ii) CHROMADEX, INC., a California corporation (“ChromaDex”);
(iii) CHROMADEX ANALYTICS,
INC., a Nevada corporation and wholly-owned subsidiary of
ChromaDex (“ChromaDex
Analytics”); and (iv) CHROMADEX CORPORATION, a Delaware
corporation and the sole shareholder of ChromaDex and the ultimate
parent company of ChromaDex Analytics (the “Shareholder”).
WHEREAS, Purchaser,
ChromaDex, ChromaDex Analytics, and the Shareholder are parties to
that certain Asset Purchase Agreement dated August 21, 2017 (the
“Purchase
Agreement”). Capitalized terms used in this Amendment
and not otherwise defined herein shall have the respective meanings
ascribed to them in the Purchase Agreement.
WHEREAS, the
parties desire to amend Section 5.16(a) of the Disclosure
Schedule, contained in Schedule A to the Purchase
Agreement to reflect the addition of the following agreements: (i)
Client Agreement dated August 30, 2017 by and between ChromaDex
Analytics and The Job Store, Inc. and (ii) Third Amendment to
ChromaDex Quality Verification Program Services Agrement dated
August 30, 2017 by and between BPI Sports, LLC and
ChromaDex.
NOW,
THEREFORE, in consideration of the premises and mutual covenants
hereinafter set forth, the parties hereby agree as
follows:
ARTICLE
1
1.1 Amendment
to the Disclosure Schedule. Section 5.16(a) of the Disclosure
Schedule is hereby deleted in its entirety and replaced with
Section 5.16(a) of the
Disclosure Schedule attached hereto.
ARTICLE
II
2.1 No
Other Changes. Except as specifically amended by the terms
of this Amendment, all of the terms and conditions of the Purchase
Agreement remain in full force and effect.
2.2 Governing
Law. This Amendment shall be governed by and construed in
accordance with the internal laws of the State of Delaware, without
regard to conflicts-of-laws principles that would require the
application of any other law.
2.3 Counterparts;
Facsimile Signatures. This Amendment may be executed in any
number of counterparts, each of which when executed and delivered
shall be an original, but all such counterparts shall constitute
one and the same instrument. The exchange of executed copies of
this Amendment by facsimile transmission or other electronic
transmission shall constitute effective execution and delivery of
this Amendment.
[Signature
page follows.]
IN
WITNESS WHEREOF, the parties hereto have duly executed this
Amendment on the day and year first written above.
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COVANCE
LABORATORIES INC.
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By:
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/s/
F. Xxxxxx Xxxxxx
III
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F. Xxxxxx Xxxxxx
III
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Secretary and
SVP
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CHROMADEX,
INC.
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By:
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/s/
Xxxxx
Xxxxxx
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Xxxxx
Xxxxxx
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CEO
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CHROMADEX
ANALYTICS, INC.
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By:
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/s/
Xxxxx
Xxxxxx
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Xxxxx
Xxxxxx
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CEO
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CHROMADEX
CORPORATION
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By:
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/s/
Xxxxx
Xxxxxx
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Xxxxx
Xxxxxx
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CEO
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[Signature
page to Amendment to Asset Purchase Agreement]
Contractual
Obligations
The
disclosure under clause (a) is amended and restated in its entirety
as follows:
(a)
1) The
Existing Lease.
2) See
attached Amended and Restated Annex 5.16(a), which is incorporated
by reference herein.*
*All
references in the Disclosure Schedule to Annex 5.16(a) shall be
deemed to be references to Amended and Restated Annex
5.16(a).