(iii) Such Sale Company, in turn, is the sole legal and beneficial owner of the ChromaDex Shares as set forth in Schedule B, free and clear of any liens, encumbrances, claims or restrictions of any kind, other than applicable securities laws.
(iv) Such Seller is the sole legal and beneficial owner of all and any rights in respect of the Shareholder Loan set forth in Schedule A next to such Seller’s name, free and clear of any liens, encumbrances, claims or restrictions of any kind and such Seller has full power, right and authority to sell and assign the full rights in respect of such Shareholder Loan to the Purchaser;
(v) Such Shareholder Loan represents the entire amount due and owing by the applicable Sale Company to the applicable Seller as set forth in Schedule A.
(vi) Since the date of its incorporation, such Sale Company has not conducted any business, or owned any assets, other than (i) holding the ChromaDex Shares and (ii) carrying out other activities incidental to its incorporation and the maintenance of its corporate existence. Such Sale Company does not have any debt or obligation of any nature, other than the Shareholder Loans and ordinary course expenses required for the incorporation and maintenance of the Sale Company.
| (c) | Securities Law Matters. Such Seller is indirectly selling the ChromaDex Shares for Seller’s own account only and not with a view to, or for sale in connection with, a distribution of the ChromaDex Shares within the meaning of the Securities Act of 1933, as amended (the “Securities Act”). At no time has such Seller presented the Purchaser with or solicited the Purchaser through any publicly issued or circulated newspaper, mail, radio, television or other form of general advertisement or solicitation in connection with the sale. Such Seller has not effected the sale by or through a broker-dealer in any public offering. |
| (d) | Sophistication. Such Seller: (i) is a sophisticated person or entity familiar with transactions similar to those contemplated by this Agreement, (ii) has adequate information concerning the business and financial condition of each of the issuers of the Sale Share and the ChromaDex Shares to make an informed decision regarding the sale of the Sale Share and the indirect sale of the ChromaDex Shares, and (iii) has independently and without reliance upon the Purchaser or its affiliates or agents, and based on such information and the advice of such advisors as such Seller has deemed appropriate, made its own analysis and decision to enter into this Agreement. Such Seller acknowledges the price for the Sale Share (or the ChromaDex Shares, as the case may be) may significantly appreciate or depreciate over time and that such Seller is giving up the opportunity to sell the Sale Share (or the ChromaDex Shares, as the case may be) at a possible higher price in the future. |
4. | Representations and Covenants by the Purchaser. In connection with the purchase of the Sale Shares and the taking of the assignment of the Shareholder Loan, the Purchaser represents, warrants and covenants to the Sellers the following: |
| (a) | Authority and Enforceability. The Purchaser has full power and authority to execute and deliver this Agreement, to perform its obligations hereunder, and to consummate the transactions contemplated hereby. This Agreement, when executed and delivered by the Purchaser, will constitute valid and legally binding obligations of the Purchaser, enforceable in accordance with their terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, and any other laws of general application affecting enforcement of creditors’ rights generally, and as limited by |
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