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| NAII > SEC Filings for NAII > Form 8-K on 9-Mar-2009 | All Recent SEC Filings |
9-Mar-2009
Entry into a Material Definitive Agreement, Other Events,
On March 3, 2009, Natural Alternatives International, Inc. ("NAI") entered into an Agreement to Sublicense with Compound Solutions, Inc. ("CSI") under which NAI has agreed to grant a sublicense of certain of its rights under that certain License Agreement effective as of April 28, 1997, by and among NAI, Roger Harris and Mark Dunnett, as amended (the "License Agreement"), to customers of CSI who purchase the material beta-alanine from CSI (the "CSI Agreement"). The sublicense will allow CSI's customers to manufacture, offer for sale and/or sell products incorporating, using or made in accordance with certain patent rights licensed to NAI under the License Agreement and certain trademark rights of NAI in the mark Carnosyn®. NAI will receive a sublicense fee from CSI that will vary based on the amount of net sales of beta-alanine sold by CSI and CSI's related costs. A copy of the License Agreement was previously filed with the United States Securities and Exchange Commission as Exhibit 10.22 of NAI's Annual Report on Form 10-K for the fiscal year ended June 30, 2005, filed with the commission on September 8, 2005.
On March 9, 2009, NAI issued a press release announcing the CSI Agreement. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.
(d) Exhibits.
99.1 Press release dated March 9, 2009 of NAI.
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