Natural Alternatives International Inc. Watch

from 10-K 2 pages [Face of Certificate] Number Nai Incorporated Under the Laws of the State of Delaware This Certificate Is Transferable in Ridgefield Park, Nj and New York, Ny [Logo] Natural Alternatives International, Inc. Authorized Capital 20,500,000 Shares 20,000,000 Common Shares, Par Value $.01 Per Share 500,000 Preferred Shares, Par Value $.01 Per Share Shares See Reverse for Certain Definitions Cusip 638842 30 2 This Certifies That Is the Record Holder of Fully Paid and Nonassessable Common Shares, $.01 Par Value Per Share of Natural Alternatives International, Inc. Randell Weaver, President [Seal] /Sig/ John Reaves, Chief Financial Officer Countersigned and Registered: Mellon Investor Services LLC Transfer Agent and Registrar by Authorized Signature [Reverse of Certificate] Natural Alternatives International, Inc

from S-8 ~10 pages 1994 Nonstatutory Stock Option Plan