NATURAL ALTERNATIVES INTERNATIONAL, INC. (NASDAQ:NAII) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
Effective March 31, 2019, Natural Alternatives International, Inc. (“NAI”) and its wholly owned subsidiary Natural Alternatives International, Europe S.A. entered into an Amended and Restated Exclusive Manufacturing Agreement (“Amended Agreement”), with The Juice Plus+ Company LLC (“Juice Plus+”). The existing agreement between NAI and Juice Plus+ (“Original Agreement”) granted NAI exclusive rights to manufacture and supply Juice Plus+ with certain Juice Plus+ products within 24 countries that Juice Plus+ currently sells those products. to the Amended Agreement the term of the Original Agreement was extended another three years through August 6, 2025, and NAI granted Juice Plus+ a monthly cash discount for the remaining term of the Original Agreement. In consideration for the discounts during the remaining term of the Original Agreement Juice Plus+ agreed to return to NAI 400,000 of the 500,000 shares of restricted common shares of NAI issued to Juice Plus+ as consideration for the Original Agreement. In consideration of the extension of the term of the Amended Agreement NAI granted Juice Plus+ monthly cash discounts during the extended term subject to Juice Plus+ meeting certain minimum annual purchase requirements during that period. The Amended Agreement may be terminated by either party only on the occurrence of specified events. A copy of the Amended Agreement is attached hereto as Exhibits 10.48, and is incorporated herein.
Item 7.01. Regulation FD Disclosure.
On April 4, 2019, the registrant issued a press release announcing entering into the Amended Agreement. A copy of this press release is attached hereto as Exhibit 99.1.
Item 9.01.Financial Statements and Exhibits.
The following Exhibits are filed with this Report.
NATURAL ALTERNATIVES INTERNATIONAL INC Exhibit
EX-10.48 2 ex_140030.htm EXHIBIT 10.48 ex_140006.htm Exhibit 10.48 EXECUTION COPY AMENDED AND RESTATED EXCLUSIVE MANUFACTURING AGREEMENT THIS AMENDED AND RESTATED EXCLUSIVE MANUFACTURING AGREEMENT (the “Agreement”) is entered into effective as of this 31ST day of March,…
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About NATURAL ALTERNATIVES INTERNATIONAL, INC. (NASDAQ:NAII)
Natural Alternatives International, Inc. is a formulator, manufacturer and marketer of nutritional supplements. The Company operates through three segments: private-label contract manufacturing, patent and trademark licensing, and branded products. The private-label contract manufacturing segment primarily relates to the provision of private-label contract manufacturing services to companies that market and distribute nutritional supplements and other healthcare products. The patent and trademark licensing segment primarily includes direct raw material sales and royalty income from its license and supply agreements associated with the sale and use of beta-alanine under its CarnosSyn trade name. The branded products segment relates to the marketing and distribution of branded nutritional supplements and consists primarily of the products sold under its Pathway to Healing product line.