Common use of Critical Technology Clause in Contracts

Critical Technology. Neither the Company nor any subsidiary is a U.S. business that produces, designs, tests, manufactures, fabricates, or develops a critical technology that is (a) utilized in connection with the U.S. business’s activity in one or more pilot program industries, or (b) designed by the U.S. business specifically for use in one or more pilot program industries, as these terms are defined at 31 C.F.R. Part 801.

Appears in 2 contracts

Sources: Securities Purchase Agreement (ChromaDex Corp.), Note Purchase Agreement (ChromaDex Corp.)